ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 04 04:00

FedEx’s Report Confirms Recession Fears

Apr 03 19:27

One Big Tip for Huge Economic Growth

Apr 03 15:55

London Property Market

Apr 03 13:04

Stock Buybacks: Worst Mistake Ever

Apr 03 12:36

The stock market is eerily quiet

Apr 03 11:57

Boots could close stores and axe some of its 60,000 UK staff after the chain's American parent company issued a shock profit warning

Boots has warned it could close shops and axe jobs after its parent company issued a shock profit warning.

The chain’s American parent, Walgreens Boots Alliance, yesterday said it had suffered its ‘most difficult quarter’ since its formation. It warned it needed to take ‘decisive steps to reduce costs in the UK’ – with a Boots spokesman saying its shops were being reviewed.

It comes after the company previously said 350 jobs were at risk at its Nottingham headquarters.

Apr 03 11:29

US government’s net worth is now NEGATIVE $75 TRILLION

Usually around the middle of February each year, the US Treasury Department releases an annual report of the federal government’s financial condition.

It’s called the Financial Report of the US Government… and it looks a lot like an annual report that you might see filed by a big company like Apple or Facebook.

Except that, unlike Apple and Facebook, the US government’s annual report is absolutely gruesome.

Apr 03 11:28

How Military Spending Decimates the Middle Class

Should middle America be thankful for all the "jobs" provided by the military in areas like the National Guard? That's the argument of some pro-war progressives.

Apr 03 11:27

How Robinhood Makes Money

Apr 03 10:54

UBS goes down toilet - CEO sells 1m shares

Apr 03 10:44

Confirmed, Patriots Shutdown The Recession

Apr 03 10:29

There Is a Savings Crisis in America

Apr 03 10:10

Can Free Private Cities Replace the State?

Mises.org

Titus Gebel’s new book "Free Private Cities: Making Governments Compete for You" is now available in audio format on mises.org. Recently, we spoke with Mr. Gebel about some common objections to the idea of totally privatized cities existing side-by-side with states of today...

Apr 03 08:47

Pompeo Denies US Sanctions Are Blocking Iran Flood Relief

Two weeks of heavy rain has led to mass flooding in Iran, and humanitarian aid from abroad has been severely limited. According to Iranian FM Javad Zarif, and some other officials, that aid is being slowed by US sanctions.

Secretary of State Mike Pompeo claims that is just the Iran regime “blaming outside entities” when he believes that Iran is fully to blame “for this disaster.” In theory, US sanctions aren’t supposed to limit humanitarian aid.

In practice, however, US sanctions have routinely limited humanitarian aid, and even if Pompeo dismisses Zarif as a liar, he’s also going to have to explain how many other nations, including France and Britain, were openly offering assistance before concerns about the sanctions were risen, and then all such offers started to dry up.

Webmaster's Commentary: 

This isn't the first time Pompeo has lied to the American public, and the world.

In fact, one has to suspect that lying well, to attempt to protect the military industrial complex's economy; the US national dignity, and US covert ops of the Unhinged, Surveilled, State of Amerika, is high on the list of attributes for the politically prized Secretary of State position in this country.

And please remember this: Pompeo Lied to Congress About Yemen To Protect Arms Sales This article goes on to state the following:

"Originally appeared on The American Conservative.

Mike Pompeo’s certification earlier this month that the Saudi coalition was working to reduce harm to civilians in Yemen was an obvious sham. According to a new report in The Wall Street Journal, Pompeo made the decision to lie for the Saudis and Emiratis because he feared it would hurt arms sales:

Mr. Pompeo overruled concerns from most of the State Department specialists involved in the debate who were worried about the rising civilian death toll in Yemen. Those who objected included specialists in the region and in military affairs. He sided with his legislative affairs team after they argued that suspending support could undercut plans to sell more than 120,000 precision-guided missiles to Saudi Arabia and the United Arab Emirates, according to a classified State Department memo and people familiar with the debate.

Cutting off refueling to the coalition likely would make it extremely difficult to sell more weapons to the Saudis and Emiratis, but that is not a good reason to ignore evidence and expert advice and then lie to Congress. Opponents of the war have been trying to block arms sales to both countries for years, and this just gives them one more reason to keep trying. The U.S. should not be in the business of arming governments that we know will use them to commit war crimes, and that certainly applies to the Saudis and the UAE as long as the war on Yemen continues. The longer that the war drags on, and the more civilians that the coalition kills using U.S.-made weapons, the more politically toxic arms sales to Saudi Arabia and the UAE will become."

Sorry, Mikey; dismissing Zarif as "a liar", does't cut it; not when you have been caught in plain sight, lying about the Saudi intentions for the missiles sold by American companies to Saudi Arabia, to use in the commission of war crimes in Yemen, in which the US military has aided and abetted.

Apr 03 08:26

MADURO FIRES ELECTRICITY MINISTER AFTER DEVASTATING BLACKOUTS

Venezuela’s President Nicolas Maduro announced that he had replaced the country’s electricity minister amid a string of three nationwide blackouts that sparked protests against the lack of basic services including water supply.

Reuters quoted Maduro as saying the new minister is an electrical engineer. This, however, is unlikely to help much with the root causes of the crisis, which some observers have attributed to years of underinvestment in power plants and the grid. Maduro himself blamed the first blackout on the United States, calling it sabotage.

The news about the new appointment follows an announcement from earlier this week that electricity will be rationed for at least a month following the third blackout in a month. The rationing, Maduro said, will help the authorities deal with the consequences of the power outages.

Webmaster's Commentary: 

One has to wonder, just what Guaido is planning for his "uprisings" later this month; in light of the fact that Russian troops have arrived in Venezuela, he most probably will not have the advantage of "American boots on the ground when this starts.

Also, he does NOT have the support of Venezuela's military; anything henceforward planned by his "Advisors" in the West, runs a monstrous risk of going Mammary Glands Vertical.

Apr 03 08:06

AMERICAN IDIOCRACY: 50 YEARS LATER, WE’RE STILL STRANDED IN THE TWILIGHT ZONE

“We’re developing a new citizenry. One that will be very selective about cereals and automobiles, but won’t be able to think.”—Rod Serling

Have you noticed how much life increasingly feels like an episode of The Twilight Zone?

Only instead of Rod Serling’s imaginary “land of both shadow and substance, of things and ideas,” we’re trapped in a topsy-turvy, all-too-real land of corruption, brutality and lies, where freedom, justice and integrity play second fiddle to political ambition, corporate greed, and bureaucratic tyranny.

It’s not merely that life in the American Police State is more brutal, or more unjust, or even more corrupt. It’s getting more idiotic, more perverse, and more outlandish by the day.

Webmaster's Commentary: 

Serling was not just an incredible writer; he was a prophet, on that issue.

Apr 03 07:34

FORGET 'CREEPY' - BIDEN HAS A MAJOR UKRAINE PROBLEM

Joe Biden appears to have made a major tactical error last year when he bragged to an audience of foreign policy experts how he threatened to hurl Ukraine into bankruptcy if their top prosecutor, General Viktor Shokin, wasn't immediately fired, according to The Hill's John Solomon.

In his own words, with video cameras rolling, Biden described how he threatened Ukrainian President Petro Poroshenko in March 2016 that the Obama administration would pull $1 billion in U.S. loan guarantees, sending the former Soviet republic toward insolvency, if it didn’t immediately fire Prosecutor General Viktor Shokin. -The Hill

"I said, ‘You’re not getting the billion.’ I’m going to be leaving here in, I think it was about six hours. I looked at them and said: ‘I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money,’" bragged Biden, recalling the conversation with Poroshenko.

Webmaster's Commentary: 

This got reported at WRH yesterday, but certainly bears repeating.

But that Biden would, with his bare face hanging out and cameras rolling, say this, with impunity to a group of foreign policy experts, is one of the most compellingly horrific examples of corruption within the Obama administration.

That he actually had the power to cause a Ukrainian prosecutor to be fired, by threatening Ukraine with bankruptcy, because this prosecutor was leading an investigation into the workings of Burisma's Holdings, which employed Biden's younger son, Hunter, as a board member, should never be allowed to be forgotten by either the Democratic party, or American voters.

Apr 03 07:15

Why Russia Is Dumping Dollars And Buying Gold At The Fastest Pace In Decades

(*Sometimes , I find myself suggesting to others that if JFK , hadn't been whacked by H.W.B.s CIA , and we hadn't strayed from The Kennedy Doctrine in all the years since , the whole world , Russia and China , too , would have probably gravitated towards us much more effortlessly , in comparison to Trump trying to force The Netanyahu Doctrine down the throat of the world .
But JFK was a communist , nazi , socialist liberal ___ __ _ _____ , partner in the coup against Nixon , and had to be dealt vith , for the sake of the capitalist gains of our corporate 1% who regale us , every once in a while , with a little trickle down , when they want us to vote their way .)

Apr 03 06:46

The Coming Credit Meltdown

Apr 03 03:43

Recession Signs Everywhere

Apr 02 14:16

U.S. Eyes New Front to Combat Iran in Golan Heights

The Trump administration’s recent recognition of Israeli sovereignty over the contested Golan Heights territory is part of a larger effort by the White House to open new fronts in efforts to combat Iranian militants and terror proxies in the region, according to U.S. officials familiar with the decision.

President Donald Trump won plaudits from the pro-Israel community and allies on Capitol Hill when he announced that America would officially recognize the Golan territory on Israel’s northern border as belonging to the Jewish state, which annexed the area following war with Syria several decades ago.

U.S. officials last week faced down critics of this decision at the United Nations, a forum unfriendly to the Jewish state, telling member countries that the Trump administration will take every step necessary to protect Israel’s right to self defense against Iranian militants and Hezbollah fighters who have used the Golan area to launch terrorist attacks on Israel.

Webmaster's Commentary: 

Now, it makes sense that President Trump may well think that the Golan Area is the perfect "base" from which he can attack Iranian and Syrian forces, and that was why he tried to lend some "credibility and legitimacy" to Israel's having annexed this area.

Prepare to see major deployments of US military into this area, and most probably, very soon.

Apr 02 13:47

There's a Retirement Crisis in America

Apr 02 13:04

Is Washington Preparing The Groundwork For A Maidan Scenario In Venezuela?

Authored by Robert Bridge via The Strategic Culture Foundation,

Venezuela is home to the largest oil deposits in the world, which makes the political stakes involved much higher than they would be otherwise. Enter Juan Guaidó, Washington’s puppet leader in Caracas, who will be attempting to rally the country against legitimate (i.e., democratically elected by the people) President Nicolas Maduro next month.

Venezuelan opposition leader Juan Guaidó has announced that April 6 will kick off a nationwide "tactical actions" as part of the so-called Operation Freedom protests, which are designed to oust President Nicolas Maduro.

"On April 6 will be the first tactical actions of the # Operation Freedom across the country," Guaidó declared over Twitter this week.

"That day we must be ready, prepared and organized, with the Aid and Freedom Committees already formed. The rescue of Venezuela is in our hands!"

Is this the start of Maidan 2.0?

Webmaster's Commentary: 

Just because something would be the most pig-headedly, ham-fistedly stupid thing for the US government can do, is utterly no guarantee that they will not do it.

Guaido's minions are going to have to do this without a US troop presence, in light of the reality that Russia has already placed troops on the ground, and founded a helicopter flying school.

I would like to hope that President Trump is not contemplating sending in the troops, if Guaido's efforts only create an epic fail; right now, our military doesn't have the weaponry; the troop strength; the money; or the manufacturing to create a positive outcome in a war with Russia, China, or both.

Apr 02 12:55

Buchanan: Trump Should Close NATO Membership Rolls

Authored by Patrick Buchanan, op-ed via Townhall.com,

When Donald Trump meets with NATO Secretary General Jens Stoltenberg today, the president should give him a direct message:

The roster of NATO membership is closed. For good. The United States will not hand out any more war guarantees to fight Russia to secure borders deep in Eastern Europe, when our own southern border is bleeding profusely.

And no one needs to hear this message more than Stoltenberg.

In Tblisi, Georgia, on March 25, Stoltenberg declared to the world:

"The 29 allies have clearly stated that Georgia will become a member of NATO."

As for Moscow's objection to Georgia joining NATO, Stoltenberg gave Vladimir Putin the wet mitten across the face:

"We are not accepting that Russia, or any other power, can decide what (NATO) members can do."

Yet what would it mean for Georgia to be brought into NATO?

Apr 02 12:53

Whistleblowers Claim FAA Inspectors Not Properly Trained On Boeing 737 Max 8

Multiple whistleblowers have come forward claiming that Federal Aviation Administration (FAA) safety inspectors were not properly trained and did not hold valid certifications on the Boeing 737 Max aircraft, according to a letter to FAA Acting Administrator Daniel Elwell from Sen. Roger Wicker (R-MS).

"Allegations from these whistleblowers include information that numerous FAA employees, including those involved in the Aircraft Evaluation Group (AEG) for the Boeing 737 Max, had not received proper training and valid certifications," the letter reads.

"Some of these FAA employees were possibly involved as participants on the Flight Standardization Board (FSB)," a group formed to evaluate the 737 Max 8 to determine requirements to rate pilots, develop minimum training recommendations, and to ensure "initial flightcrew member competency."

Webmaster's Commentary: 

Was the FAA bought off, to ignore these issues?!?

This is a nightmare unfolding for Boeing right now, but they brought in upon themselves.

Apr 02 12:49

Forget 'Creepy' - Biden Has A Major Ukraine Problem

Joe Biden appears to have made a major tactical error last year when he bragged to an audience of foreign policy experts how he threatened to hurl Ukraine into bankruptcy if their top prosecutor, General Viktor Shokin, wasn't immediately fired, according to The Hill's John Solomon.

In his own words, with video cameras rolling, Biden described how he threatened Ukrainian President Petro Poroshenko in March 2016 that the Obama administration would pull $1 billion in U.S. loan guarantees, sending the former Soviet republic toward insolvency, if it didn’t immediately fire Prosecutor General Viktor Shokin. -The Hill

And why would Biden want the "son of a bitch" fired?

In what must be an amazing coincidence, the prosecutor was leading a wide-ranging corruption investigation into a natural gas firm - which Biden's son, Hunter, sat on the board of directors.

Webmaster's Commentary: 

I am sometimes gobsmacked, by the gross misuse of the power by those in political life in this country.

It appears that the higher one ascends the political ladder into positions of power in this country, the more horrific the criminality gets, and with an incredible degree of hubris and impunity.

Apr 02 12:40

Empire of Chaos in Hybrid War Overdrive

Show Me The Big Picture

A hefty case can be made that the Empire of Chaos currently has no allies; it’s essentially surrounded by an assortment of vassals, puppets and comprador 5th columnist elites professing varied degrees of – sometimes reluctant – obedience.

The Trump administration’s foreign policy may be easily deconstructed as a crossover between The Sopranos and late-night comedy – as in the whole episode of designating State Department/CIA regime change, lab experiment Random Dude as President of Venezuela. Legendary cultural critic Walter Benjamin would have called it “the aestheticization of politics,” (turning politics into art), as he did about the Nazis, but this time it’s the Looney Tunes version.

Webmaster's Commentary: 

The change in "suspects" does not mask the dark, sinister reality, that the US government's moving forward, both militarily, and by any other means necessary, in order to gain complete control of the Middle Eastern oil, and also to guarantee that it's availability to western-centric countries, and will only be sold in US dollars.

Unfortunately, this realization won't sink in for number of Americans, until the draft is reinstated, and will be coming after both its sons and its daughters.

Apr 02 12:25

Video: US Says Syrian Army Must Withdraw from Golan Heights’ Contact Line

On March 28, Israel’s Prime Minister Benjamin Netanyahu came with a new statement claiming that his country will continue working against Iranian presence in Syria. The statement shows that the Israeli military is set to continue its military campaign in Syria.

In own turn, the US did not limit its recent actions in support of Tel Aviv to recognizing the Golan Heights as Israeli territory. It also demanded the Syrian Arab Army (SAA) to withdraw from the separation line area established in the framework of the 1974 Disengagement Agreement. US-Israeli efforts to force the SAA to do so could easily turn the Golan Heights into a new hot point and fuel the Syrian conflict further.

Webmaster's Commentary: 

Unfortunately, this may be precisely what the US and Israel are hoping, and planning for; The Israeli elections are only 7 days away, on 9 April, so having a military "win" if Syrian forces either attack, or refuse to pull back, would distract the Israeli voting public from Netanyahu's corruption trial.

The big question is, if this happens, what will Russia do?!?!?

Apr 02 12:09

Turkey’s Ruling Party Loses Big in Local Votes; Expects to Reverse Results on Appeal

Turkey’s ruling party, the AKP, lost in a big way in the weekend’s local elections, results that had many suggesting that President Erdogan’s attempt to make local voting a referendum on his rule a strategic error.

The AKP, however, is spinning the losses as simple “mistakes,” and with major losses in the big cities of Istanbul and Ankara, the results are being presented as temporary, with AKP fully expecting to appeal enough to get handed those cities in court

Appeals are expected in every distinct of the capital city, as well as in much of Istanbul, where the loss came down to an estimated 0.28 percentage points. Officials see any recounts or appeals as virtually certain to benefit the incumbent party.

With turnouts well above 80%, this was clearly a major election for Turkey, where Erdogan has increased his own powers while severely limiting the parliament, and local officials.

Webmaster's Commentary: 

In the long run, Erdogan has not been great for the Turkish people, or for its minority Kurdish populations; the Turkish people deserve far better leadership than they have had under Erdogan's watch.

Apr 02 12:01

U.S. disaster aid won't cover crops drowned by Midwest floods

The Black Hawk military helicopter flew over Iowa, giving a senior U.S. agriculture official and U.S. senator an eyeful of the flood damage below, where yellow corn from ruptured metal silos spilled out into the muddy water.

Apr 02 11:53

Cumulative Central Bank Balance Sheets

Apr 02 11:52

Democratic Rep. Ro Khanna Calls for Bipartisan Coalition to Work with Trump on Ending Foreign Wars: ‘I Think We’re All on the Same Team’ As Americans

Rep. Ro Khanna (D-CA), a progressive Democrat who is the co-chairman of the 2020 Democrat presidential campaign for Vermont independent Sen. Bernie Sanders, told Breitbart News in an exclusive interview that he hopes a bipartisan coalition comes together to work with President Donald Trump to end a number of wars and U.S. military conflicts worldwide.
Ro Khanna argued that if the United States stops its backing of Saudi Arabia in Yemen’s civil war, finally ends the war in Afghanistan, withdraws troops from Syria once and for all, resists temptations by some to get militarily involved in Venezuela, and completes successful peace negotiations with North Korea, then the United States could better invest resources wasted abroad into rebuilding America’s infrastructure.

Webmaster's Commentary: 

I think this Representative's ideas on this are absolutely terrific; unfortunately, with so many Congressional representatives, from both sides of the aisle, being invested in, or backed by, the military industrial complex, I don't know if he will be able to make this one "fly".

The question is, how many of these manufacturing companies could be re-tooled so quickly to make peace-centric items that doesn't cost an arm and a leg to do?!?

Think: the mythical hero in Iron Man, Tony Stark who, when he understands just what his companies' weapons are doing to real people, wants to shut Stark Industries down, and have the place retooled to make peace-centric products, only to get blind-sided by the business partner, who wants to get him out of the way, permanently?!?

Representative Khanna, this is where you and your team have to be very inventive, transparent, and very positive, to demonstrate how this could be done.

Apr 02 11:30

RUSSIAN BANKS JOIN CHINESE ALTERNATIVE TO SWIFT PAYMENT SYSTEM

Several Russian banks have joined the China International Payments System (CIPS), to ease operations between the two countries, according to a senior official at the Central Bank of Russia (CBR).
“As for the cooperation on payment systems, a range of banks are already connected to CIPS, allowing to facilitate payments routing procedure,” Vladimir Shapovalov, who heads a division dealing with foreign regulators at the CBR’s international cooperation department, said earlier this week during the international Russian-Chinese forum.

Webmaster's Commentary: 

With the dollar getting dumped by many countries around the world, we are looking at a major, and painful, dislocation of the US economy, which is already starting to manifest, with "Retailmagedden" just starting to pick up steam.

Apr 02 11:25

GIVING ISRAEL THE GOLAN HEIGHTS IS THE PRICE PAID BY ASSAD TO STAY IN POWER

Trump’s decision not only preserves the status quo and legitimises Israel’s occupation, but is also tantamount to declaring war on international norms, represented by the UN and international law. At a stroke he has imposed the law of the jungle on the Middle East and its people.

Whether the Golan Heights was sold for money or a guarantee of the presidency for Hafez Al-Assad, or both, is not really the issue. Either way, the betrayal is clear. The result was Israel’s occupation of the Golan Heights and Hafez Al-Assad becoming president after his military coup against President Nureddin Al-Atassi in 1971.

Webmaster's Commentary: 

This is an interesting observation; but the real question, and the true "power behind the throne" behind Syria, is Russia.

And I have to ask; will Russia allow this to remain a stable situation?!? My sense is that President Putin is, by both nature and intelligence, a cautious man, and will simply allow this to continue. But if there are any more "nicks and scrapes" against the sovereignty of Syria in other parts of the country, by either Israel and/or the US (which still has troops in Syria, BTW) Putin may "turn loose", militarily, on both entities.

I would like to hope (and pray) that such a scenario will not happen; this country's military doesn't have the weaponry; the troop strength; the money, or the manufacturing, to insure a positive outcome to a war against Russia in Syria (or anywhere else).

Apr 02 11:12

TAXES OF UKRAINE’S POROSHENKO SHOW HIS INCOME JUMPED 10,000% THANKS TO ROTHSCHILD TRUST

The annual income gains of Petro Poroshenko, who is currently fighting for a second presidential term in Ukraine, saw a nearly hundredfold surge in 2018, the president’s tax documents reveal.
According to the Ukrainian unified register of asset and income declarations, Poroshenko’s fortune totaled 1.56 billion hryvnia (US$57 million) over 12 months through March 31, which is 95 times as much as he reported in the same period a year ago. In 2017, Poroshenko’s gains reportedly reached 16.3 million hryvnia ($600,000).

Most of Poroshenko’s income – around $40.4 million – reportedly comes from return on investment in Zurich-based Rothschild Trust Schweiz, a trust subsidiary of Rothschild Bank AG. The Ukrainian president also earned $14.7 million in profit from the Prime Assets Capital investment fund, while returns on domestic government loan bonds amounted to nearly a million dollars.

Webmaster's Commentary: 

On the 21st, watch those ballot boxes get stuffed more intensely than does a roasted goose at Christmas in a desperate, last ditch attempt to keep Poroshenko in power!!!

I have to wonder if all the people conspired to put this knucklehead in power (like President Obama, Washington was behind Ukraine Coup; Obama admits that it was a US -brokered deal in support of regime changeare experiencing "getters remorse" by this point in time.

Because IF Poroshenko does not win the referendum, the next leadership in Kiev may not be quite so warm to the US and its minions, considering the amount of heartburn and graft the nation has had to endure, post-coup.

Ukraine, at that point, may see the logic in repositioning its relationship with Russia, and not view it an adversary, but a very significant friend, "with benefits"; and were I President Trump right now, that could be one of my worst nightmares of the coming runoff.

Apr 02 10:44

Australia May Start Economic Armageddon

Apr 02 09:42

The World Has Not Added to Its US Debt Holdings Since 2014

Foreigners have become unwilling to help bear the burden of never-ending and ever-expanding US government deficits

Apr 02 09:40

"The Lamps Are Going Out All Over Europe"

“The lamps are going out all over Europe, we shall not see them lit again in our lifetime,” commented British Foreign Secretary Sir Edward Grey on the eve of his country’s entry in World War I. Something similar came to mind when I heard that American Renaissance Editor Jared Taylor has been banned from Europe until 2021.

Apr 02 09:37

HOUSTON CHEMICAL DISASTER ZONE REMAINS NO-GO TWO WEEKS AFTER BLAZE

Two weeks after a chemical storage complex near Houston erupted in flames and menaced tens of thousands of people with dangerous fumes, the site remains too hazardous for investigators to approach.

Intercontinental Terminal Co. is still trying to drain millions of gallons of volatile oil byproducts from tanks damaged in the four-day blaze that began on March 17. The ground around the tanks is also saturated in dangerous fluids, severely restricting access to the facility 20 miles (32 kilometers) east of downtown Houston. On Friday, the company said they may be able to allow some access early this week.

Webmaster's Commentary: 

Proper maintenance of a site like this, is a proven preventer of these kinds of disasters.

When these disasters happen, it is usually because of shoddy, penny-pinching management, in which there is an element of defiant denial, that something like this could possibly ever happen to their company; until it does.

Apr 02 09:26

For The First Time Ever Aramco Opens Its Books: Reveals Higher Profit Than Apple, Google And Exxon Combined

Long the subject of guesswork and speculation, Saudi Aramco, the state-controlled oil giant that's responsible for roughly 10% of the world's oil production, has for the first time ever opened its book to investors as it prepares to launch a $10 billion bond offering.

And the three years' of financials confirmed what many have long suspected: Aramco's profits beat out tech giants like Apple and publicly-traded rivals in the energy space like Exxon-Mobil and Royal Dutch Shell, establishing the energy behemoth as by far the world's most profitable company. In 2018 alone, Aramco's profits exceeded $110 billion on $360 billion in revenue. That's nearly double Apple's $60 billion profit, and five times Shell's ($23.9 billion). Thanks to the surge in oil prices last year, Aramco's net income climbed by 50% from $75.9 billion in 2017.

Last year, the company earned more than Alphabet, Apple and Exxon combined.

Apr 02 09:25

The Beginning Of The End Of SWIFT: Russian Banks Join Chinese Alternative Global Payments System

With Russia actively dumping US dollars and buying gold at the fastest paced in decades, the writing is on the wall when it comes to what the Kremlin thinks of any possibility for a detente in the painfully strained US-Russian relations.

Apr 02 09:10

FORMER US INTELLIGENCE AGENCY HACKERS HELPED UAE SPY ON AL JAZEERA CHAIRMAN AND OTHER JOURNALISTS

A group of American hackers who once worked for United States intelligence agencies helped the United Arab Emirates spy on a BBC host, the chairman of Al Jazeera and other prominent Arab media figures during a tense 2017 confrontation pitting the UAE and its allies against Qatar, a Reuters investigation has found.

The American operatives worked for Project Raven, a secret Emirati intelligence programme that spied on dissidents, fighters and political opponents of the UAE monarchy. A Reuters investigation in January revealed Project Raven's existence and inner workings, including the fact that it surveilled a British activist and several unnamed US journalists.

Webmaster's Commentary: 

This is quite an operation, but again shows the need for common sense agreements on the common issues countries of the Middle East are trying to solve; unfortunately, this wasn't any kind of solution to the inter-country pressures the governments of the Middle East are trying to resolve.

Apr 02 09:05

FINGER VEIN VENDING MACHINES AND A GLOBAL BIOMETRIC POLICE DATABASE

Gone are the days when you could use a "slug" to purchase a can of soda, because today's vending machines will know who you are and your criminal record before you purchase an item.

American Green Vending Machine (AGM) uses finger vein readers to identify each customer.

"The American Green Smart System is an age verification system that allows the opportunity of merchandising and selling age restricted products. American Green’s technology interface is one of a kind and does some pretty cool things such as vein verification biometrics."

Customers must register their personal biometrics and information with AGM before they are allowed to purchase anything.

What makes this story so disturbing, is corporate America's rush to put biometric scanners everywhere.

Imagine in the not too distant future, your new car using a built-in TSA biometric scanner to identify you and your family before you even enter a sports stadium.

Webmaster's Commentary: 

I am sure that there is a database on all of us right now, but I have to wonder; at what point will these databases start to link up, and deny us access to the simplest, most innocent things we may want to buy?

Because I think that this will be happening sooner rather than later.

Apr 02 08:48

COSTCO DROPS ROUNDUP WEEDKILLER AFTER $80 MILLION AWARDED IN SECOND CANCER CASE: REPORT

Costco has reportedly decided to stop selling Roundup weedkiller after a federal jury in San Francisco awarded more than $80 million to 70-year-old California man, Edwin Hardeman, who was diagnosed with cancer after spraying the herbicide on his property for decades.

Webmaster's Commentary: 

THANK GOD!!

The "domino effect" hasn't even begun to start. COSCO had to know that the next tier of class action lawsuits, would start with those stores still selling this poison.

Apr 02 06:07

How Macro Trends Shape the Market’s Future

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