ECONOMY | WHAT REALLY HAPPENED

ECONOMY

May 26 10:54

Economic MELTDOWN by September | Bix Weir

May 26 10:30

“Suicidal Credit-Based Money System”

Bill Bonner wrote a hypothetical college graduation speech which he did not present. What he would have said included:

“You are heirs to claptrap, nonsense, bogus theories, and trillions of dollars in debt.

The systems, programs, and institutions your parents set up are mostly worthless scams. Worse, they produce outcomes contrary to their stated goals.

Welfare programs do not help people escape poverty; they keep them mired in it.

Health care programs do not make them healthy; they make them dependent on the drug industry.

Defense industry spending doesn’t make us safer; it funds drones, bumbling interventions, and assassinations… and it creates more foreign enemies.

We end up not only poorer, but also less secure.”

“You need to stop your parent’s suicidal credit-based money system.”

“Well, the system is corrupt and self-destructive. It works only by increasing the amount of debt in the society – including student debt.”

May 26 10:29

Elite Bunker Down in “Secure, Safe Rooms Hidden in Plain Sight”… And You Can, Too

It is an age of vast inequality, and those who stand out, or stand above, are finding places to lay low.

With any number of riots, protests and grumblings on the ground level, elites, VIPs, military commandos and foreign dignitaries are preparing to hunker down.

Read more at SHTFplan.com

n/a
May 26 10:15

WHY STOCKS WILL CRASH IN TWO CHARTS

The S&P 500 currently stands at 2,126, fractionally below its all-time high. It is now 300% above the 2009 low and 34% above the 2008 and 2001 previous highs. Most people believe this is the new normal. They are comfortably numb in their ignorance of facts, reality, the truth, and the inevitability of a bleak future. When the herd is convinced progress and never ending gains are the norm, the apparent stability and normality always degenerates into instability and extreme anxiety. As many honest analysts have proven, with unequivocal facts and proven valuation measurements, the stock market is as overvalued as it was in 1929, 2000, and 2007.

May 26 10:09

Malaysia Airlines To Lay Off 6,000 Employees

May 26 09:55

Greece is back in the spotlight.

May 26 08:59

BOOM: RECORD $500 MILLION TAG ON L.A. HOME!

May 26 08:37

Is The 505 Trillion Dollar Interest Rate Derivatives Bubble In Imminent Jeopardy?

All over the planet, large banks are massively overexposed to derivatives contracts. Interest rate derivatives account for the biggest chunk of these derivatives contracts. According to the Bank for International Settlements, the notional value of all interest rate derivatives contracts outstanding around the globe is a staggering 505 trillion dollars. Considering the fact that the U.S. national debt is only 18 trillion dollars, that is an amount of money that is almost incomprehensible. When this derivatives bubble finally bursts, there won’t be enough money in the entire world to bail everyone out.

May 26 08:21

June 5th: Is The 505 Trillion Dollar Interest Rate Derivatives Bubble In Imminent Jeopardy?

All over the planet, large banks are massively overexposed to derivatives contracts. Interest rate derivatives account for the biggest chunk of these derivatives contracts.

May 26 07:15

Obesity Can Cost You $92,235!

Carrying around extra body weight can cost you extra when it comes to lots of areas of life.

May 25 22:58

The Subversion of Life, Liberty and Happiness - The Global Elite’s Crimes Against Humanity

As societies become hollowed out, with empty echoes of patriotism ringing out, they increasingly resemble boxes. The only thing inside however is a giant, brutal mechanical hand. There is nothing else apart from it. And it’s only function is to pull the lid shut if anyone ever dares to tear it open and shed light into the box. If successful, they will see the immorality, the lies, the hypocrisies. The social control based on the subversion of life, liberty and happiness.

May 25 22:37

Obesity Can Cost You $92,235!

Carrying around extra body weight can cost you extra when it comes to lots of areas of life.

May 25 22:31

How the Obama’s Manage Their Money

Celebrities and other public figures are only human. Just like many American’s, President Obama and his wife, Michelle, are still paying off their mortgage.

May 25 22:25

Workers Lose Jobs After Disease Outbreak

The recent outbreak of listeria at ice cream company Blue Bell will cause almost 1/3 of the companies workers to be laid off.

May 25 22:25

Iconic Toy Store to Close July 15

FAO Schwarz (a Toys’R’Us owned store) is set to close it’s doors in NYC on July 15 due to rising rental costs for the store front.

May 25 22:23

New Overtime Rules May Affect Your Pay

New Overtime Rules May Affect Your Pay

May 25 22:22

Australia has Highest Minimum Wage

Australian minimum wage workers earn more than in any other developed country according to a report from the Organisation for Economic Co-operation and Development.

May 25 22:21

The Rise and Fall of the US Dollar

The US dollar had a large increase in value the 2nd half of 2014 and into the first quarter of 2015. But April might have changed that.

May 25 19:18

Investors Squeeze Trailer Park Renters: “The Economics Are Compelling… There’s a Lot More Poor People Than Rich”

America is filled with lots of poor people these days, and there’s plenty of money to be made off them.

With Wall Street already turning once-homeowners into renters in housing neighborhoods, billionaires and entrepreneurs are now investing in trailer parks, where they are making considerable fortunes off of raising the rent on the poorest among us.

The economic concept is as easy as shooting fish in a barrel.

Read more at SHTFplan.com

May 25 19:12

Howard Davidowitz on the Walmart Customer

May 25 12:11

A Poem On War

Beyond the count of years I walked the world,

and my children built their shrines to me.

Decades and centuries and millennia pass,

and still the shrines are built.

Temples insubstantial to men,

clear to my eyes.

No foundations or walls or roofs,

but shrines nonetheless.

Holy ground, consecrated

Today, every day, somewhere in the world,

the earth is prepared for my coming.

My hallowed grounds are everywhere.

In valleys and on mountains,

on broad plains and deep in hidden passes,

in deserts, on city streets.

Nameless, unremembered places.

May 25 11:15

Detroit water shutoffs to begin Tuesday

The water department has delivered about 3,000 shutoff notices to households with delinquent bills since May 11, giving those customers 10 business days to make arrangements to pay their bill.

May 25 11:06

71-year-old Los Angeles widow loses running water over $11,000 bill, survives by toting 50 gallons a week

California may be facing a water crisis, but a 71-year-old Los Angeles widow’s struggle to pay for utilities has taught her just how precious the natural resource can be.

Doris Tillman told The Los Angeles Times that she was forced to stop paying for water after the Los Angeles Department of Water and Power sent her a bill for $11,000. She just assumed that the enormous bill must be a mistake.

DWP cut off her water last August. To survive, the 71-year-old woman hauls 50 gallons each week from a nearby water machine — at a cost of about 25 cents a gallon.

May 25 10:54

Fresh shame for Barclays as it's revealed that it paid a trader a staggering £170million AFTER the global economic meltdown

A trader at Barclays bank was paid £170million in the five years after the financial crisis brought the country to its knees.

Jonathan Hoffman, 42, earned the vast sum at a time when banks were under pressure to reign in bonuses to avoid the risky behaviour which triggered a global economic meltdown.

May 25 10:23

US CEO pay hits record high

A new study released by executive pay research firm Equilar and published earlier this month by the New York Times shows that compensation for chief executive officers for the largest US companies hit a new record in 2014.

May 25 09:59

U.S. Bell helicopters to be assembled in Russia despite sanctions

The Urals Civil Aviation Plant (UZGA) has signed a contract with the U.S. company Bell Helicopter on assembling helicopters in Russia, which have traditionally been absent from the product-mix offered by the Russian aircraft manufacturing sector. Although similar projects have never gone beyond the discussion phase, this time, experts point out, state support in selling the helicopters could help.

May 25 09:40

S&P 500 Earnings Weak; U.S. Economy in Trouble?

No matter how you look at it, the first-quarter earnings of S&P 500 companies do not look good.

May 25 09:03

In Obscure Policy Document, U.S. Catholic Bishops & Muslim Clerics call for "Alternatives To Predatory Lenders" (Usury)

Each year the U.S. Conference of Catholic Bishops and Muslim religious leaders hold several regional conferences called the 'Muslim-Catholic Dialogue.' One of most recent gatherings addressed the topic of usury (predatory lending) and suggested that a Catholic-Muslim alliance be formed to quash it. Notably, no Rabbis were mentioned or included in the proposal.

May 25 08:30

Crime Pays, When You’re a Bank

Occasionally people inquire as to the different treatment of different kinds of persons in our legal system.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA