ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Apr 09 10:37

Consensus Global EPS Growth Now Vs. 6m Ago

Apr 09 10:25

Widespread Outages A Sign Of Bigger Problems To Come?

A massive power outage blacked out thousands in D.C. and Maryland and officials say the issue started with transmission equipment dozens of miles away.

Now– some are raising the red flag about how fragile the power grid really is.

Webmaster's Commentary: 

"Look, we are really sorry about the blackouts. Hey, it hit the White House, too, so don't complain to me! And we are sorry about the water main break that flooded the subway in New York, but look on the good side; it probably drowned all those rats and homeless people. And yes, the decay of the water systems out west is a huge part of the reason California is going back to desert, and I know you are all complaining about the high taxes and wondering why that money is not being spent on this nation's infrastructure. But government is choosing. Government is prioritizing, and right now the priorities we have are propping up Wall Street, truckloads of cash and weapons for Israel, and paying for all these wars across the globe, and you Americans better stop whining and complaining and get with the program, dammit!" -- Official White Horse Souse

Apr 09 09:36

Corporate Media: Cash Is Dirty, We Must Ban It

Apr 09 09:31

Louisiana Bans Cash Transactions on Used Goods!

The State of Louisiana has just passed new legislation BANNING cash transactions for used goods, mandating that any purchase be made via check, electronic transfers, or money order issued to the seller.

The draconian new law also requires all transactions to provide the State documentation of a description of the goods sold, and the client’s personal information including name, address, driver’s license number and the license plate number!

Apr 09 08:49

Biggest Deal Of The Year, Shell Buys The British BG Group

Royal Dutch Shell has agreed to buy BG Group by 47 billion pounds — equivalent to 69,700 million dollars, as both companies announced Wednesday. The operation gives the big oil company Shell participation in global markets for natural gas in oil prices decline.

http://whatisusa.info/biggest-deal-of-the-year-shell-buys-the-british-...

Apr 09 08:48

One Last Look At The Real Economy Before It Implodes - Part 4

Brandon Smith
Activist Post

In the first three installments of this series, we examined the realities behind supply and demand, unemployment and personal debt, and national debt. As has been proven in each consecutive article with ample evidence, mainstream establishment numbers are, for the most part, utter garbage. They are not legitimate. They are meaningless...

In this installment, we will explore the purpose of these lies; to hide the imminent destruction of our currency — by hook, by crook and by fiat...

Apr 09 08:44

Russian PM offers Thailand free trade zone with Eurasian Economic Union

Russian Prime Minister Dmitry Medvedev has suggested Thailand considers creating a free trade zone with the Eurasian Economic Union.

Apr 09 08:24

$8.5mn Worth Gold Stolen From Canadian Mine In Mexico

The Canadian mining McEwen Mining was the victim on Tuesday, a spectacular robbery at one of its mines in Mexico which criminals appropriated 7,000 ounces of gold worth $ 8.5 million, according to the company.

http://whatisusa.info/8-5mn-worth-gold-stolen-from-canadian-mine-in-me...

Apr 09 07:59

Head of London-listed company linked to illegal clearing of Peru rainforest

The CEO of a company listed on the London Stock Exchange, that aims to become the world’s largest producer of cocoa, is responsible for illegally clearing swathes of rainforest in the Peruvian Amazon, according to a report by the Environmental Investigation Agency (EIA).

The website for the Cayman Islands-based company, United Cacao, implies the company could be a force for positive change in the chocolate business, mostly produced in West Africa, stating that it “seeks to provide a clear path forward for ethically-produced cacao to the world marketplace”.

But the EIA investigation alleges the company’s founder and CEO, Dennis Melka, has illegally deforested about 7,000 hectares (17,300 acres) of mostly primary rainforest. It says he is looking to expand his agricultural plantations by acquiring 450 units of rural private property in the Amazon, in addition to requesting at least 96,192 additional hectares of public land from the Peruvian government.

Apr 09 07:38

Is Wall Street in fear of a recession?

Apr 09 07:23

Greece urges halt to Western sanctions against Russia

Greek Prime Minister Alexis Tsipras has criticized the sanctions against Russia, urging an end to the measures taken by the West over the crisis in Ukraine.

“To get out of this profound crisis we need to leave behind this vicious cycle of sanctions,” Tsipras said following talks with Russian President Vladimir Putin in Moscow on Wednesday.

Moscow has been targeted by a series of sanctions imposed by the United States and the European Union over allegations of having a role in the conflict in eastern Ukraine. The Kremlin says the accusation is “groundless.”

In a tit-for-tat move, Russia has also enforced restrictions on certain food imports from the United States, the EU, Canada, Australia and Norway.

Apr 09 07:13

Jailed for Charging a Cell Phone? 7 Cruelest Instances of Class Warfare in America

There's a scene in the 1935 film adaptation of Charles Dickens’ novel A Tale of Two Cities in which a horse-drawn carriage transporting a hated aristocrat runs over and kills a peasant child—and instead of expressing any remorse over the boy’s death, he's worried that the boy might have injured his horse. It’s a powerful scene that speaks volumes about class oppression and the indifference that the 1% can have for the suffering of the poor. History has a painful way of repeating itself, and in 2015, it is open season on the working class and the poor in the United States. After the crash of September 2008—which brought about the U.S.’ worst economic crisis since the Great Depression of the 1930s—the American working class desperately needed a vigorous New Deal 2.0. Instead, the Great Recession has brought us bank bailouts, corporate welfare, megabank mergers, deepening inequality, the U.S.

Apr 09 06:36

Rich Middle Class, Poor Middle Class

Apr 09 06:35

EU reinstates sanctions on Iranian bank and 32 shipping companies

Iranian Bank Tejarat and 32 Iranian shipping companies will be subject to EU sanctions with immediate effect, after measures were thrown out by a European court, Reuters reports.

The EU's second-highest court annulled a EU asset freeze on Bank Tejarat and 40 Iranian shipping companies in January, finding fault with the legal grounds given by the EU. As with previous cases, the EU responded by re-listing the sanctioned Iranian companies, including Hamburg-based Ocean Capital Administration GmbH, on the basis of new legal grounds.

Webmaster's Commentary: 

With Iran insisting that sanctions be lifted when the final deal is signed, this adding of sanctions is designed to derail the deal and open a path to war.

Apr 09 06:27

PROOF: The World Is ACTIVELY PREPARING to DITCH the DOLLAR — Bill Holter

There is now mounting evidence and undeniable proof that the world is actively preparing for economic life after the death of the Dollar. The facts are now quantifiable, and for those if us who are accustomed to this moment is history where the Dollar is still technically “the world’s reserve currency” and cheap imports fill big box stores, the truth of what’s occurring globally RIGHT NOW as discussed in this interview with Miles Franklin’s Bill Holter is startling – if not downright frightening.

Apr 09 05:10

U.S. Economic Growth at 0%

The numbers are in for the first quarter of 2015 and they aren’t looking promising.

Apr 08 17:31

S&P Cycles Suggest Caution on the S&P

Apr 08 16:51

Global Finance Ditching Dollar and Isolating Doomed West: “Because They KNOW Collapse is Coming”

SGTReport.com

Bill Holter says, “I believe that the world has for the last at least two years, has been preparing themselves to move away from the dollar. But also, they’ve been isolating the U.S., isolating the West, because they KNOW a collapse is coming. And if they can isolate the Western financial system, with them outside the system as much as can be, then they can mitigate the damage to themselves.”

“My hope is that is doesn’t get this bad, but my suspicion is that it will get worse, where you have no access to ATM’s, credit is completely shut off, we may have power, water, electricity supply problems.

Read more

Apr 08 16:32

Bitcoin Can Now Buy Flights To Cuba

Apr 08 15:05

Thirty-two Indicted Over Kickbacks for German Submarines Contract

Another 32 individuals were indicted to stand trial before a Criminal Appeals Court on Thursday for kickbacks given in exchange for Greek Defense Ministry contracts.

The case, concerning a deal for the purchase of German submarines, was uncovered during a major and ongoing corruption investigation into the period when the now jailed Greek former Minister Akis Tsochatzopoulos was at the helm of the Defense Ministry.

Apr 08 15:04

Swiss Banker Involved in Bribery Scandals in Greek Custody

A Swiss senior banker who was among the key suspects in the so-called Siemens scandal as well as in armament programs scandals is currently being held in custody in Greece, as the country’s media pressed earlier today.

An international arrest warrant as been issued for the banker, identified as Jean-Claude Oswald, for some time but he was only recently arrested in Abu Dhabi. The Swiss authorities, though, have initially denied the expatriation of the former executive at BNP Paribas and Dresdner Bank to Greece. According to the same sources, the Swiss national, has already faced a prosecutor in Athens and has been given time to prepare his deposition.

Apr 08 14:35

Income gains going to top 1% in 2009-12: 95%

Apr 08 14:18

Turkish Stream will make Greece Europe’s energy hub- Putin

Greek PM Alexis Tsipras said he is hopeful Greece will play a big role in the Turkish Stream pipeline project, making it a hub between Turkey and the European gas market, after meeting Russian President Vladimir Putin Wednesday.

Apr 08 13:52

19 Signs That American Families Are Being Economically Destroyed

The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening. 

Apr 08 13:15

Ukraine’s Tanking Economy - Car-Production Plunges 96%; Many Banks Also Fail

On Tuesday April 7th, Ukravtoprome (the Ukrainian Association of Automobile Manufacturers) reported that, in the three-month period January-March 2015, as compared to the same three months of 2014, production of passenger cars plunged 96%, commercial vehicles 23%, buses 43%, for an overall decline of 92%.

Apr 08 12:49

Unraveling at the Seams: EU on Verge of Collapse

Greece’s exit from the European Union (EU) and its rapprochement with Russia would have serious geopolitical implications for Europe, French journalist Coralie Delaume said in an interview with Le Figaro.

The Eurozone is getting weaker every day, said Delaume, adding that Greece’s withdrawal from the monetary union is highly probable, especially after Greece’s intention to introduce a “dual currency.” The so-called “Greek euro”, a currency that would be used in Greece only, would be in fact another step towards leaving the European monetary union.

Apr 08 12:49

"Odious Debt" Has Finally Arrived: Greece To Write Off "Illegal" Debt

In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.

Today, nearly four years later, Odious Debt is now a reality in Greece, where Zoi Konstantopoulou, the head of the Greek parliament and a SYRIZA member, released two videos which have promptly gone viral, designed to promote the investigative parliamentary committee to look into the circumstances surrounding the signing of the country’s two bailout agreements that led Greece to implement its austerity measures.

Apr 08 12:47

Foreign Hostages Held by the US Federal Reserve

Several days ago the US Federal Reserve updated its official website to reflect the foreign official assets held by US Federal Reserve Banks (the Fed). To a large extent that means the Federal Reserve Bank of New York, which accounts for well over half the assets and capital of all 12 of America’s Federal Reserve Banks. The New York Fed serves foreign nations (meaning their official monetary agencies in the form of central banks and treasuries) by placing currency in deposit accounts, storing and registering securities in a specialized depository, and storing gold in the form of standardized gold bars in its underground storerooms in Manhattan.

Apr 08 12:18

5 MYTHS ABOUT GREECE THE BANKSTERS NEED YOU TO BELIEVE

Greece’s Prime Minister Alex Tsipras will be heading to Moscow tomorow, and the legacy media that is the de facto public relations wing of the IMF and World Bank are in overdrive to continue to advance the narrative that Greeks are irresponsible, indolent, the visit is an amateurish attempt to blackmail Germany, and further evidence that the Syriza government is out of its depth.

Apr 08 11:46

Will the Gold Rally Continue?

Apr 08 10:56

Americans Pull Back on Credit-Card Debt in February

The weaker spending could reflect unseasonably cold weather in parts of the country, but it does raise concerns. Consumer spending, already about two-thirds of economic output, is needed to drive the economic expansion during a period when a stronger dollar and weakness in overseas is slowing other pockets of the U.S. economy.

Webmaster's Commentary: 

Don't you love how the propaganda bites its own ass? They are blaming the decline in consumer spending on the frigid weather we have been having, even as they proclaim that 2015 is the hottest year on record so far! But 2015 is not hot, and consumers have to buy warm weather gear, chains for their cars, more heating oil, and so forth. Consumers are not spending because they have nothing left over after bills and taxes, and nobody trusts the future of the US economy enough to go further into debt.

Apr 08 09:45

Billions down the drain: Costly US missile defense project turned into major flop

The US Pentagon has wasted $10 billion on a missile defense project, the sea-based X-Band Radar (SBX), which turned into a major flop, according to media reports. The missile defense failures also appear to threaten US security.

Apr 08 09:43

Louisiana Makes It Illegal To Use Cash For Secondhand Sales

‘One of the good features of cash is the fact that it can be used anonymously. It’s no surprise that the government hates that, but would you ever expect the government to actually outlaw the use of cash?

Apr 08 09:35

Eurasian Emporium or Nuclear War?

A high-level European diplomatic source has confirmed to Asia Times that German chancellor Angela Merkel’s government has vigorously approached Beijing in an effort to disrupt its multi-front strategic partnership with Russia.

Beijing won’t necessarily listen to this political gesture from Berlin, as China is tuning the strings on its pan-Eurasian New Silk Road project, which implies close trade/commerce/business ties with both Germany and Russia.

The German gambit reveals yet more pressure by hawkish sectors of the U.S. government who are intent on targeting and encircling Russia. For all the talk about Merkel’s outrage over the U.S. National Security Agency’s tapping shenanigans, the chancellor walks Washington’s walk. Real “outrage” means nothing unless she unilaterally ends sanctions on Russia. In the absence of such a response by Merkel, we’re in the realm of good guy-bad guy negotiating tactics.

Apr 08 09:24

Strapped Americans Headed for “Civil Unrest and Riots,” With Poor Spending 60% on Bare Essentials

Mac Slavo
SHTFplan.com

It is clear that the economic realities falling upon the masses in America are driving us towards a crisis point.

Even with substantial government subsidies, the bottom 10% of Americans are beyond struggling, spending more than 60% of their meager incomes on the bare essentials. According to the latest official numbers, the poorest in the United States are spending 42% of their income on housing and another 17% on food, statistics that are unsustainable for individuals and families.

The Wall Street Journal reported:

Apr 08 08:59

Recession Confirmed: “Even The Bureau of Labor Statistics Has Run Out Of Bullsh*t”

It sure is lucky those Ivy League educated economists at those Wall Street criminal banks are paid millions per year. How else could we get such accurate forecasts about job growth in the U.S. These mental midgets predicted 245,000 new Obama jobs (bartenders, waitresses, house cleaners, clerks, fry cooks) in March. Even the BLS has run out of bullshit and lies. Those dramatic job increases in January and February were cut by 69,000 jobs. That is a 13% error. If I make a 13% error doing my job, I’d be fired. The BLS government drones have the power to move markets with their bullshit reports. It’s funny how the negative revision is put at the very end of their 2,000 word press release.

Apr 08 08:46

Island sold $ 2.5 million in Puerto Rico

Cayo Ratones, an islet South of Puerto Rico with a size of 25 acres (10 hectares) and where there is only a wooden house with a pool that works entirely with solar energy, has been put up for sale by his owner for 2.5 million dollars.

http://whatisusa.info/island-sold-2-5-million-in-puerto-rico/

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