ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Nov 01 05:30

Dow 650,000? We Are Already There!

Nov 01 05:19

Fund Manager: Tesla’s Shock And Awe

Nov 01 04:46

KEYSTONE PIPELINE SHUT DOWN AFTER LEAKING OIL IN NORTH DAKOTA AND NOBODY’S TALKING ABOUT IT

SOURCE: THEMINDUNLEASHED.COM
(TMU) — A pipeline carrying tar sands oil into the United States from Canada has reportedly leaked an unknown amount of oil across North Dakota. The pipeline’s owner, TC Energy—formerly known as TransCanada—shut down the pipeline as a result of the leak.

“TC Energy immediately began the process to shut down the pipeline, activated its emergency response procedures and dispatched ground technicians to assess the situation,” the company said.

According to State Environmental Quality Chief Dave Glatt, regulators were notified of the crude oil leak near the town of Edinburg in northeastern North Dakota late on Tuesday after detecting a drop in pressure. The oil was reportedly leaked over an area that regulators have estimated to be about 1,500 feet long by 15 feet wide as of Wednesday afternoon.

Webmaster's Commentary: 

When the US's Indigenous First People peacefully protested the development of this pipeline, because of dangers like this, no one wanted to listen; and apparently, the Powers that Be still don't want anyone listening, to the point where this story has been marginalized out of most of this country's awareness through a massive lack of media coverage.

Nov 01 04:21

LEAKED DOCUMENT REVEALS THAT SIDEWALK LABS’ TORONTO PLANS FOR PRIVATE TAXATION, PRIVATE ROADS, CHARTER SCHOOLS, CORPORATE COPS AND JUDGES, AND PUNISHMENT FOR PEOPLE WHO CHOOSE PRIVACY

SOURCE: BOING BOING
Tomorrow, Toronto’s City Council will hold a key vote on Sidewalk Labs’s plan to privatize much of the city’s lakeshore in the name of creating a "smart city" owned by Google’s parent company, Alphabet.

Today, the Globe and Mail published a summary of Sidewalk Labs’s leaked "yellow book", a 2016 document that lays out Sidewalk Labs’s vision for Toronto and future projects in Detroit, Denver, and Alameda.

The plan lays out a corporate-owned city similar to Lake Buena Vista, the privately owned municipality established by the Walt Disney Company on a massive tract of central Florida land that contains the Walt Disney World resort.

Webmaster's Commentary: 

That last statement, is complete and utter bovine excrement; this is precisely where the owners of Sidewalk Labs and Alphabet want to see society going.

One has to wonder when the netizens of this development will be forced, and on what schedule, to upload their thoughts for the week into the "dear leader's mainframe, to insure that they are not thinking those "double plus ungood thoughts" about anything to do with their current living situation.

Apparently, those folks who put this together do not understand that George Orwell's Classic, "1984", is a cautionary tale; not a how to manual.!!

Oct 31 19:57

Chinese Bank On Verge Of Collapse After Sudden Bank Run

First it was Baoshang Bank , then it was Bank of Jinzhou, then, two months ago, China's Heng Feng Bank with 1.4 trillion yuan in assets, quietly failed and was just as quietly nationalized. Today, a fourth prominent Chinese bank was on the verge of collapse under the weight of its bad loans, only this time the failure was far less quiet, as depositors of the rural lender swarmed the bank's retail outlets, demanding their money in an angry demonstration of what Beijing is terrified of the most: a bank run.

Oct 31 09:42

Apple announces $33.4 billion in iPhone sales for Q4 2019, a 9 percent decline from the previous year

Apple’s iPhone sales slump has continued through the launch of its most recent models, the iPhone 11 and 11 Pro.

On an earnings call today announcing, Apple announced iPhone revenue for fiscal Q4 2019 had been $33.4 billion, a nine percent decline on sales for Q4 2018.

Looking for the silver lining, CEO Tim Cook, noted it was less of a decline than the fifteen percent drop between Q4 2017 and Q4 2018.

Oct 31 08:19

The Shady Truth Behind The Aramco IPO

Oct 31 06:08

Is Market Sanity Around the Corner?

Oct 30 14:11

Will Fed Cuts Help the US Dodge Recession?

Oct 30 12:05

Live: Fed Chair Jerome Powell holds a press conference after fed cuts rates

Happening Now- Federal Reserve Chairman Jerome Powell holds a press briefing to conclude the two-day Federal Open Market Committee meeting. FOX Business Netw...

Oct 30 10:27

Fake Narratives as Cover For High Crimes

Western stories about Abu Bakr al-Baghdadi are meant to confuse, to distract, and to strengthen fake narratives.

First, the West supports Daesh in Syria (and beyond). It isn’t a secret.

Finally, it fortifies the fake “War on Terror” myth which inverts the truth, which is that the West supports terrorism in all its forms as it commits war crimes as policy.

The political spectacles, the transparent war lies, the fake narratives, obscure foundational issues.The Right to Self-Determination is foundational to International Law.

Syria has every right to take any and all necessary measures to regain ITS OWN OIL FIELDS. Washington has ZERO rights to steal the oil.Second, it provides a distraction from what is really happening in Syria. Whereas the West has been destroying Syria and stealing its resources throughout the war, now Washington is basically admitting that it is stealing Syrian resources.

Oct 30 10:18

New York City Secretly Shipping Homeless People to Over 350 Cities Including Honolulu, Houston

New York City officials have been quietly dumping homeless people to more than 370 cities across 32 states, including Honolulu and Houston.

Under Mayor Bill de Blasio’s “Special One-Time Assistance Program,” (SOTA) local homeless families are given a full year’s worth of rent – which has cost NYC taxpayers $89 million on rent alone since August 2017 – before exporting some 5,074 homeless families (12,482 individuals) to cities as far as the South Pacific, according to the New York Post, citing data from the Department of Homeless Services (DHS).

Oct 30 10:11

Have The Bankers And Politicians Taken America to The End of Its Financial Rope?

What if you woke up this morning to hear news reports that the U.S GDP (gross domestic product) is in decline for the first time in decades? The GDP is a number world economies use as a bellwether. Where the U.S. economy goes, so goes the world. (Given that the Post WW I & II rearrangement saw to it that the U.S. would have high incomes to produce a consumer economy and most of the rest of the world would be a supplier economy with low incomes to provide cheap products to the U.S.)

Below is economist John Williams (ShadowStats.com) chart showing the U.S. has been in a prolonged recession. (A recession is defined as two consecutive quarters of declining economic performance.)

Oct 30 09:19

Here’s How JPMorgan Lit the Fuse

Oct 30 09:10

Building blocks of Bubble #3, since 2009:

Oct 30 08:32

Have The Bankers And Politicians Taken America to The End of Its Financial Rope?

What if you woke up this morning to hear news reports that the U.S GDP (gross domestic product) is in decline for the first time in decades? The GDP is a number world economies use as a bellwether. Where the U.S. economy goes, so goes the world. (Given that the Post WW I & II rearrangement saw to it that the U.S. would have high incomes to produce a consumer economy and most of the rest of the world would be a supplier economy with low incomes to provide cheap products to the U.S.)

But a noted economist says the GDP has actually been flat for several years now, a fact that has remained hidden from the public. (GDP being the total value of goods produced and services provided in a country during one year.)

Oct 30 07:27

US Military Envisions Broad Defense of Syrian Oilfields: Esper says US will keep Syrian government away from Syrian oil.

The Pentagon intends to retain control of Syria’s oilfields going forward, and says they will repel anyone else trying to take that oil with “overwhelming force.” This has become the chief, and materially only, military goal of the US military operation in Syria.

Since President Trump announced his intention to control the oil, and conceivably to try to take some of it on behalf of the US, the Pentagon has been revising the Syria mission around controlling the oil. This has included sending more troops and tanks.

Pentagon officials have tried to build this narrative around keeping ISIS from reclaiming the oilfields, since they held them once. With ISIS barely existing anymore, that’s not a realistic threat, and Defense Secretary Mark Esper conceded on Monday that the deployments of US forces are meant to “deny access” to the oil to either Russia or the Syrian government.

Webmaster's Commentary: 

Sec Def Esper and President Trump, a word, please: have you collectively gone barking mad, to have made this statement>?!?

This.... is brigandry writ large, and completely against all logic, and all international norms. I don't know how many international treaties we are ditching by doing this, but I would almost bet, quite a few.

And Mr. President, now long do you think you have before Putin makes a decision that the theft of Syrian oil will not be allowed to stand, after taking such care to bring a positive outcome to Bashir Al-Assad;'s government, against US trained, armed, and funded jihadis?!?

Mr. President, I am no politician; just a composer with a little bit of logic.

I don't know who is advising you on this issue, but all the legalistic codswallop they have been feeding you, to justify the unjustifiable, is nothing short of thoroughly, as in soft rubber-room to prevent self-harm, insane.

I would very much like you to reconsider this, Mr. President; at this point in our military's existence, we don't have the troop strength; the weaponry; the money; or the manufacturing to insure a positive outcome to a conventional war against Russia over Syria's oil.

Please; the naked irrationality of this act, gives the US government the well-deserved moniker "unhinged"; and I feel that I must strongly caution you, that if you push Russia hard enough, I can almost guarantee you a push back; can that really be the design objective of this lunatic move?!?

War with Russia over Syria's oil?!? Let's not go there.

Oct 30 07:00

Pompeo Calls on Lebanese Political Leaders to Form New Government 'to the Needs of Its Citizens'

WASHINGTON (Sputnik) - The Trump administration wants political leaders in Lebanon to rapidly create a new government in the wake of the resignation of the country’s prime minister, US Secretary of State Mike Pompeo said in a statement.

"In light of Prime Minister [Saad] Hariri’s resignation, the United States calls on Lebanon’s political leaders to urgently facilitate the formation of a new government that can build a stable, prosperous, and secure Lebanon that is responsive to the needs of its citizens," Pompeo said on Tuesday.https://www.bing.com/images/search?q=images+yemeni+children%2C+dead+or+dying+from+saudi+airstrikes&qpvt=Images%3a++Yemeni+children%2c+dead+or+dying+from+Saudi+Airstrikes&form=IGRE&first=1&cw=1129&ch=597

Webmaster's Commentary: 

It is obvious, by making this statement, than Pompeo knows very little about the complexity of the Lebanese government, and how this is arranged.

How the Lebanese Government is Structured

But nature abhors a vacuum; I am just hoping (and praying) that Israel doesn't feel that "timing is perfect" for attacking Hezbollah in Lebanon, and of course, any "justification" (most probably without a shred of actual evidence) will do.

Oct 30 06:50

WORLD LEADERS FLOCK TO RIYADH A YEAR AFTER KHASHOGGI’S MURDER 

CROWN PRINCE OF SAUDI ARABIA MOHAMMAD BIN SALMAN (L) IS WELCOMED INDIAN PRIME MINISTER NARENDRA MODI (R) WITH AN OFFICIAL WELCOMING CEREMONY AT PRESIDENTIAL PALACE IN NEW DELHI, INDIA ON FEBRUARY 20, 2019 [INDIAN FOREIGN MINISTRY/HANDOUT/ANADOLU AGENCY]
Just one year after Saudi journalists Jamal Khashoggi’s brutal murder in his country’s Consulate in Istanbul, world leaders are flocking to Riyadh to attend a flagship investor meeting known as “Davos in the desert”.
Although there has been very little progress in bringing those responsible for the grisly murder to justice, the CIA and several other intelligence agencies believe that the killing was authorised by Saudi Crown Prince Mohammad Bin Salman, the de facto ruler of the Kingdom.

Five presidents and the heads of some of the world’s biggest banks and arms manufacturers are reported to be among those heading to Saudi Arabia for the potentially lucrative event.

Webmaster's Commentary: 

Apparently, for all of these attendees, money trumps state-sponsored assassinations any day.

Oct 30 06:46

THE NEVER-ENDING WARS ON TERRORISM AND DRUGS

SOURCE: JACOB G. HORNBERGER
Not long after President George W. Bush declared a “war on terrorism,” I wrote that this war would end up being as perpetual as the federal government’s war on drugs. Some 18 years later, the U.S. government’s killing of Abu Bakr al-Baghdadi in Syria confirms how right I was.

After all, given all the media hype about the killing, you would think that the war on terrorism had been won and had finally been brought to an end. Some people were undoubtedly even getting ready for a ticker-tape parade in Washington, D.C., to celebrate the end of the war on terrorism.

Alas, not even close! Despite the much-ballyhooed killing of Baghdadi, there are still lots more terrorists, both big and little, in the world to kill. After 18 years of terrorism warfare, the Pentagon and the CIA are just getting a good start killing terrorists.

Webmaster's Commentary: 

This reminds me, and in the gravest manner possible, that George Orwell's masterpiece "1984" was a cautionary tale; not a how-to manual.

There are reasons why drugs will never become declassified in this country; and that is, a lot of people - including those execs at the banks currently laundering drug money, are making a killing - both literally, with the drugs, and economically- from the money laundering.

The perpetual "War on Terror" gets the military industrial complex fat with profits (and not always with first-class weapons, I might add), but any potential Presidential candidate who is not to their liking, if they are not war-centric in their thinking, so as to believe unflinchingly that wars are the only way to maintain American hegemony, will be "marginalized" to the point where they don't even exist in just enough primaries, as to be eliminated from the race.

Just look at what is happening to Democratic Candidate Tulsi Gabbard right now, if you do not believe me, and in the DNC's throwing her under the proverbial bus, they are marginalizing any gains in 2020, including their chance to win the Presidency (Tom Perez, DNC Chair, do you really, please, understand, what is happening?!?)

Oct 30 06:24

PG&E SUED BY INSURANCE COMPANIES WHEN “SMART” METERS CAUGHT FIRE ON CALIFORNIA HOMES

BY B.N. FRANK
Many people are aware that California utility company PG&E is being held accountable for playing a significant role in the state’s devastating wildfires.

What many may not know is that insurance companies have taken legal action against PG&E after their “Smart” Meters caught fire on California homes.

In 2015 hundreds of PG&E smart meters simultaneously exploded in Stockton, CA after a truck caused a power surge. Scary, right?

Tens of millions of “Smart” Meters have been installed by different utility companies worldwide and “Smart” Meter fires and explosions aren’t isolated to PG&E. Hundreds of thousands of have been recalled or replaced throughout North America due to failure, malfunctioning, overheating, fires and explosions. Some American elected officials have been taking action against their forced installation.

Webmaster's Commentary: 

Absoflippinglutely unbelievable, yet perfectly predictable, even when these utility companies knew the risks, both in terms of fire and risk to humans and their pets!!

Oct 29 23:11

‘Arrogant & illegal’: Lavrov denounces US military’s oil moves in Syria at Russian-Turkish-Iranian press event

The US was “arrogant” to send its troops to guard oilfields in Syria, Russian Foreign Minister Sergey Lavrov has said, adding that it remains unclear from whom the installations need to be protected.

The actions of the Americans in Syria violate international law, as their presence in the country is “illegal,” Lavrov reiterated, appearing alongside his Iranian and Turkish counterparts at a press-conference in Geneva, Switzerland.

Oct 29 23:01

America Has Been at War 93% of the Time – 222 out of 239 Years – Since 1776

First published by Washington’s Blog and Global Research in February 2015

The U.S. Has Only Been At Peace For 21 Years Total Since Its Birth

In 2011, Danios wrote:

Below, I have reproduced a year-by-year timeline of America’s wars, which reveals something quite interesting: since the United States was founded in 1776, she has been at war during 214 out of her 235 calendar years of existence. In other words, there were only 21 calendar years in which the U.S. did not wage any wars.

To put this in perspective:

Oct 29 14:52

White House blasts impeachment resolution as 'illegitimate sham' without 'any due process' for Donald Trump after Democrats release proposal that omits details about president's rights when hearings go public

Power is concentrated in hands on Intel Committee Chair Adam Schiff
He will get to approve Republican witnesses and their requests for subpoena
After Intel finishes its investigation, it will write a public report.

Matter then goes to Judiciary panel which writes articles of impeachment
Trump and his lawyer cannot participate in process until that final stage
House votes on resolution on Thursday, which is Halloween.

Webmaster's Commentary: 

This is not a legitimate inquiry; this is nasty, rotting from its dead carcass, "Star Chamber" behaviour, where the rules are made up as the Dementocrats roll along, giving utterly no chance for the accused to intelligently, and rationally, present their case.

Oct 29 14:44

The Billion Dollar Bet On An Oil Price Crash

Oct 29 14:35

Lebanese PM Hariri submits his resignation amid ongoing anti-govt. protests

Embattled Lebanese Prime Minister Saad Hariri has submitted his resignation as people remain on the streets across Lebanon for the thirteenth day of anti-government demonstrations against the country’s economic crisis.

“I have reached a dead end today. I will head to the Baabda Palace to submit the government's resignation to President Michel Aoun,” Hariri said as he addressed the Lebanese nation in a televised speech on Tuesday evening.

“Posts are not important; what’s important is the country's dignity and safety,” he added, calling upon people from all strata of the Lebanese society to preserve the stability and security of the country.

Hariri highlighted that he wants to make a “positive shock,” saying, “No one is bigger than his country.”

He also told Lebanese political parties that “It is our responsibility to protect Lebanon.

Under the constitution, Hariri’s cabinet would stay on in a caretaker capacity until a new government is formed.

Webmaster's Commentary: 

Given the timing of this resignation, I would not bet against Israel using this Lebanese crisis as "the moment" for an attempted decap strike against Beirut, claiming that Hezbollah has triumphed in this resignation, and must now be put down.

Oct 29 14:30

California nightmare: Insult to injury as fires and power cuts turn Golden State into dystopia

The million-plus Californians affected by power outages and wildfire evacuations can surely rest easy knowing that their governor has just formed a new working group to focus on getting “messaging” to ”de-energization areas.”
California has long been what the rest of the world imagines the US looks like. The movie and TV version of California, that is. The real-life Golden State is literally a hot mess these days, with massive wildfires – Kincade in the north, Tick and Getty in the south – displacing close to 200,000 people.

The fires add insult to injury for nearly three million people whose power has been turned off by the PG&E utility. Officially, this was done as part of an effort to prevent wildfires, as damaged or sparking transmission cables can ignite the undergrowth.

Webmaster's Commentary: 

I'm sorry, but can someone please translate Californiaese into English, with that phrase " getting “messaging” to ”de-energization areas.”?!?!

IF people's comm devices cannot charge because of rolling energy blackouts, how the hell are they supposed to know this is happening?!?

Is California Governor Governor Gavin Newsom contemplating some sky-writing, particularly during the evening?!?

Will he greenlight the floating down of physical signs, or deliveries of print messages with drone aircraft?!? If planes or drones do not have power, what then?!?

Prayers for all of the people effected by this, but what the state of California needs to do, along with PG & E, is to learn from past mistakes, and don't make them any more.

The level of idiocy demonstrated here by both the State, and this utility company, is nearly mind-numbing in its intensity; there are ways to prevent what apparently happened to stoke these fires, and stringent, A-Level protocols need to be observed, and by the book, to prevent this from ever happening again.

Unfortunately, however, watching this response to this crisis, I cannot bet against the possibility that such events can, and will most probably, happen again.

Oct 29 14:07

Former Scania CEO Warns of Upcoming Civil War in Sweden

According to Leif Östling, former CEO of one of the world's leading truck manufacturers, immigration has spiralled out of control and has placed Sweden on the brink of “internal wars”, where military force may be needed to quell unrest in migrant areas.

In a lengthy interview with SwebbTV, the former Scania CEO has claimed that the arrival of new migrants poses severe integration problems and may have drastic repercussions for the Swedish economy and society as a whole.

“Now this is a simple question there, and it's because we've taken in far too many people from outside. And we did. Those who come from the Middle East and Africa live in a society that we left almost a hundred years ago”, Östling said.

Webmaster's Commentary: 

I am very concerned that this will not only be happening in Sweden, but also in other areas of Europe, where immigration from the Middle East and Africa has happened much too quickly to allow true assimilation.

Oct 29 14:04

Live Updates: UK MPs Clash Over Snap Election After Brexit Delayed Again

On Monday, Brussels approved another deadline extension for the United Kingdom, giving the country time until 31 January 2020 to ratify the deal, negotiated by Boris Johnson, and leave the bloc.

Heated debates in London continue as Prime Minister Boris Johnson is urging the Parliament to hold early elections in December.

The head of the government tabled the motion on Monday, but MPs rejected the snap vote, with only 299 lawmakers supporting the bill, while it needed at least a two-thirds majority to be adopted. Now, Johnson is expected to introduce a short bill needing just a simple majority in order to hold the elections.

Oct 29 13:19

The Cost of Climate Change Indoctrination

From a comment on Facebook from Jeff McQueen:

After our daughter of fifteen years of age was moved to tears by the speech of Greta Thunberg at the UN the other day, she became angry with our generation “who had been doing nothing for thirty years.”

So, we decided to help her prevent what the girl on TV announced of “massive eradication and the disappearance of entire ecosystems.”

We are now committed to give our daughter a future again, by doing our part to help cool the planet four degrees.

From now on she will go to school on a bicycle, because driving her by car costs fuel, and fuel puts emissions into the atmosphere. Of course it will be winter soon and then she will want to go by bus, but only as long as it is a diesel bus.

Somehow, that does not seem to be conducive to ‘helping the Climate’.

Webmaster's Commentary: 

Please read this through to its end; this is a wickedly funny piece a friend of ours just sent us, and I hope that you will howling, by the time you finish.

I hope it puts as much of a smile on your face, as it did mine!! :-)

Oct 29 11:33

U.S. Shale Braces For Brutal Earnings Season

Oct 29 09:59

Aruba’s Facial Recognition Will Identify 2 Million Tourists At Car Rental Stations, Hotels And The Airport

By MassPrivateI

Think twice before planning your family vacation to Aruba next year. Big Brother has big plans to monitor American tourists.

A recent article in Breaking Travel News, revealed that the government of Aruba and the World Travel & Tourism Council (WTCC) are bringing facial recognition CCTV cameras to car rental stations and at least 15 hotels on the island by 2020...

Oct 29 08:59

Deep contraction

Oct 29 07:57

U.S. Shale Braces For Brutal Earnings Season

A lot of big names will report third quarter earnings this week, and the results are expected to be worse than the same period in 2018.

The timing comes as the shale sector is facing somewhat of a reckoning. After years of price volatility – with more downs than ups – oil prices have failed to return even remotely close to pre-2014 levels. For several years, shale E&Ps took on debt and issued new equity, promising investors that they would profit both from a rebound in prices and from rapid production growth.

Oct 29 07:54

Trump's Plan To Send U.S. Oil Majors To Syria Sparks Outrage

A suggestion by President Donald Trump to send U.S. Big Oil companies in Syria to manage its oil fields has sparked outrage among both energy and legal experts, Reuters reports.

Oct 28 17:08

PG&E Sued By Insurance Companies When “Smart” Meters Caught Fire on California Homes

By B.N. Frank

Many people are aware that California utility company PG&E is being held accountable for playing a significant role in the state’s devastating wildfires.

What many may not know is that insurance companies have taken legal action against PG&E after their “Smart” Meters caught fire on California homes...

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