ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Nov 11 05:49

Alibaba Breaks 'Singles Day' Sales Record With $31 Billion Haul

Market strategists have repeatedly warned about the potential fallout from the collapse of retail sales in China, a trend that has already led to a recession in global auto sales, while Chinese factory output has also declined. But the economic doldrums facing the world's most populous country didn't stop Chinese consumers from posting a massive tab on Alibaba's Singles Day. In fact, according to CNBC, it was the largest haul in the 11-year history of Singles Day.

Across all of Alibaba's sales platforms (a group that includes both Alibaba's main website, the consumer-focused Tmall, and others), gross merchandise value (GMV) surpassed last year’s 213.5 billion yuan record (nearly $30.5 billion) on Monday afternoon local time, and kept rising through the rest of the day. At the close of the 24-hour Singles Day shopping event, sales surpassed last year's 213.5 billion yuan to log more than 215 billion yuan (or $30.7 billion) of purchases, BBG reports.

Webmaster's Commentary: 

They knew their marketplace; they developed a strategy; and with that strategy and understanding of their target demographic, made financial history; well done!!

Nov 11 05:42

New York Rep. Peter King Becomes 20th House Republican To Announce Retirement Plans

Long Island's Peter King has become the 20th House Republican to announce that he will not seek reelection in 2020.

King, a former chairman of the House Committee on Homeland Security, made the announce in a post on his Facebook page. In his post, the 14-term Congressman said he's tired of spending 4 days a week in Washington, and would like to spend more time at home in Seaford.

Webmaster's Commentary: 

One has to wonder what King, and the other 19 Congressional Republican Representatives, see coming, after the 2020 election, and find so offensive and/or terrifying, that they feel they have no other choice than to step down?!?

Nov 10 11:44

Reasons Marijuana Legalization Seems To Be Failing

When it was first proposed, the concept of marijuana legalization seemed solid enough. Take the world’s most popular illicit substance, establish a taxed and regulated marketplace and watch all of the evil associated with the herb – the criminal activity, the youth consumption –fade away into a footnote of American history. And by all accounts, it was a plan that should have worked. After all, we weren’t dealing with a new idea or anything.

Nov 10 11:08

FOOD SYSTEM COLLAPSING ACTIVELY, RAPIDLY -- URGENT WARNING

Agriculture is collapsing as propane shortages prevent US farmers from drying their crops, just the latest blow in a record wet year. Failures of seed crops presage a difficult 2020 season. Australia's drought forces ranchers to cull cattle -- even breeding stock -- an UNRECOVERABLE loss of priceless genetics. Christian steps back today to explore how the blows to global agriculture are part of the plan: an open, anti-human depopulation agenda. Start growing. Start preparing. Spread the word. Now. This means you.

Nov 10 09:59

China Working on 6G Despite Opposition and Lawsuits Against 5G Increasing Worldwide

By B.N. Frank

According to many respected sources, 5G is already too risky. Regardless, China and other countries -- including the U.S. -- are working on 6G...

Nov 10 07:08

53 Million Americans Drowning In Cycle Of Low-Wage Work 

For instance, a new report sheds light on 53 million Americans, or about 44% of all US workers, aged 18 to 64, are considered low-wage and low-skilled.

Many of these folks are stuck in the gig economy, making approximately $10.22 per hour, and they bring home less than $20,000 per year, according to a Brookings Institution report.

An overwhelmingly large percentage of these folks have insurmountable debts if that are student loans, auto loans, and or credit card debt. Their wages don't cover their debt servicing payments as their lives will be left in financial ruin after the next recession.

While the top 10% of Americans are partying like it's 1999, most of whom own assets, like stocks, bonds, and real estate, are greatly prospering off the Federal Reserve's serial asset bubble-blowing scheme and President Trump's stock market pumping on Twitter.

Today's artificial economy isn't working for everyone as the wealth inequality gap swells to crisis levels.

Webmaster's Commentary: 

And while President Trump keeps chanting his "mantra" about the economy being "great", it is, unfortunately, only "great for the already monied.

There are many moments when President Trump appears to be absolutely, totally tone-deaf to the real needs and concerns of ordinary working people who have, through absolutely no fault of their own, found that their decent-paying job, enabling them to enjoy a middle class lifestyle, has been offshored/outsourced by corporations which relocate internationally, and pay pennies on the dollar for that country's labor.

Nov 10 06:28

California Approves $3.2 Billion Bond For High Speed Train To Nowhere

The high speed train is dead, long live the high speed train.

Less than a year after California Gov. Gavin Newsom brought California's dreams for a LA to San Fran bullet train crashing down, when he said in February that he is ending the state’s hugely expensive and hopelessly quixotic high-speed rail line fiasco (which would have been completed in 2033 at a staggering cost of $77 billion), California is about to unleash another high speed train project, and this one is even more idiotic.

The California Infrastructure and Economic Development Bank (IBank) has authorized a $3.2 billion tax-exempt, fixed-rate revenue bond issuance to help DesertXpress Enterprises, an affiliate of Virgin Trains USA, build a high-speed train from Victorville, California, to Las Vegas. The new XpressWest service, at speeds of up to 180 miles per hour, will take about 90 minutes one way.

Webmaster's Commentary: 

(Sigh) Those who do not understand history (Unfortunately California's Legislature and Governor in this case, and we are talking about fiscal history) are doomed to repeat it, which apparently is what is happening here.

It would seem to me, that California has some really pressing problems to fix, like rotted infrastructure, and a burgeoning homeless population, so what does its government want to fix right now?!?

A problem which absolutely does not exist, of course!!

Bravo, folks, well done!! (not).

Nov 09 10:42

This October was the coldest in Idaho’s history. What is November going to be like? Read more here: https://www.idahostatesman.com/news/local/community/boise/article237169859.html#storylink=cpy

October 2019 was the coldest October on record in the state of Idaho, the National Weather Service’s Boise office announced Friday.

The towns of Jerome and Fairfield had their coldest Octobers ever recorded, as did Burns, Halfway and Ontario in Oregon.

Read more here: https://www.idahostatesman.com/news/local/community/boise/article23716...

Nov 09 10:27

Romanian-Born Ivy League Professor Warns: Anti-White Mindset Infecting USA “on Its Way Toward Full Blown Communism"

Serban says in the interview that after a faculty member retired, the remaining professors in the department were called in to a meeting to discuss a replacement.

It was at this meeting that the dean of the art school told them that there were “too many white professors, too many heterosexual men,” and that it would be best to hire a minority or a woman, or a gay man.

Serban, who was the director of the hiring committee, says that he was told that it could not be someone like him because he is a man that has been “married, a heterosexual man who has children.”

Nov 09 10:24

NYT Says We Need Refugees to Fill ‘Void of Cultural Diversity’ in Towns That Are Too White

The New York Times needs some diversity on their staff. Too Kosher!

Even though White children are a minority in the US school system and most major cities have been ethnically cleansed of a White majority, there are still some towns that are not diverse enough for our jewish supremacist overlords. The New York Times has argued that refugees need to be resettled across rural America, into areas that are a “void of cultural diversity” (too White).

Nov 09 10:14

Russia’s Short March to Food Security

America used to be self-sufficient in food. It isn't any more. In event of a war with Russia and China,Americans will starve.

When I wrote my China’s long march to total food security NEO article last month, I had intended to dovetail it with Russia’s accomplishment of being more self-dependent on feeding its people. What they both shared was having to deal with US sanctions before they reached their goal.

Russia was hit with everything but the kitchen sink, with diplomatic sanctions initially and quickly moving into defense, energy and the financial arena, limiting access to foreign investment and attractive interest rate loans. Exxon Oil had to withdraw from some major Russian partnership deals, suffering big losses.

Nov 09 09:38

Global Debt Tops $188,000,000,000,000 – Officially The Biggest Debt Bubble The World Has Ever Seen

Authored by Michael Snyder via TheMostImportantNews.com,

The world is now 188 trillion dollars in debt, and that number continues to grow rapidly each year.

It is a form of enslavement that is deeply insidious, because most of those living on the planet do not even understand how the system works, and even if they did most of them would have absolutely no hope of ever getting free from it. The borrower is the servant of the lender, and the global financial system is designed to funnel as much wealth to the top 0.1% as possible. Of course throughout human history there has always been slavery, and the primary motivation for having slaves is to extract an economic benefit from those that are enslaved. And even though most of us don’t like to think of ourselves as “slaves” today, the truth is that the global elite are extracting more wealth from all of us than ever before. So much of our labor is going to make them wealthy, and yet most people don’t even realize what is happening.

Webmaster's Commentary: 

IF humanly possible, please get your credit balances down as soon as you can; this is going to get a lot worse before it gets better.

Nov 09 08:09

Is The Entire Yield Curve Wrong?

Nov 09 07:37

"Clients With Guns" Are Demanding Deposits From Crisis-Stricken Lebanese Banks

Here we go as predicted: the Lebanese central bank attempts to prevent a "panic mode" scramble on the part of the public to remove all deposits, and the recently imposed (unofficial) regulations geared toward staving off capital flight are predictably failing fast, per Reuters:

“Clients with guns have entered banks and security guards have been afraid to speak to them as when people are in a state like this you don’t know how people will act.”

Lebanon's private banks reopened a week ago on Friday following a two-week closure due to massive anti-government protests which created gridlock across the country's main cities, including closure of other public institutions such as schools.

The World Bank weighed in on Friday, urging leaders in Beirut to form new Cabinet within a week, citing risks to Lebanon's stability as "deeply concerning," according to the AP.

Nov 09 07:31

California's Housing Nightmare Is Only Getting Worse

When historians look back on contemporary California, one thing they'll be bound to make note of is that the state's developers bet on the wrong model.

Endless, suburban sprawl is coming back to haunt California in ways both major and minor. In densely populated communities across the state, traffic is horrible thanks to underdeveloped public transportation (this is especially true in LA). Most residents have accepted that deadly, devastating wildfires are just part of the deal now - bound to recur endlessly until the state's population shrinks to the point that it no longer intermingles with the state's vast swaths of woodland.

Webmaster's Commentary: 

Although Mike and I met and married in Southern California, we have absolutely no desire to live there anymore.

Nov 09 07:25

Pentagon Official Warns China Exporting Killer AI Drones To Middle East

US Defense Secretary Mark Esper warned during a speech on artificial intelligence at the National Security Commission on Artificial Intelligence public conference Tuesday (Nov. 05) that China is exporting a series of "next-generation drones" to countries in the Middle East, reported Flight Global.

"Beijing has made it abundantly clear that it intends to be the world leader in AI by 2030," Esper said. "While the US faces a mighty task in transitioning the world's most advanced military to new AI-enabled systems, China believes it can leapfrog our current technology and go straight to the next generation."

Middle East countries banned from purchasing advanced US drones due to a weapons embargo are increasingly gravitating towards Chinese defense manufacturers.

Webmaster's Commentary: 

Sec Def Ester, a question, please; IS NOT THE US GOVERNMENT DOING THE SAME THING RIGHT NOW?!?

And sir, if China's technology will enable it to "leapfrog" our current technology, can you please explain why this is possible, and that US weapons designers are not capable of doing better than this?!?

Nov 09 07:02

Thirst for Justice: America’s Struggle for Clean Water: Pollution, poisoning and the loss of human life due to unsafe water are the accepted costs of doing business in America.

Somehow I’d ended up on a plastic mattress in a tiny prison cell wearing the infamous orange jump suit. I’d been arrested once before in Egypt during the revolution as a journalist, but now I was in Wisconsin, America, where freedom of speech is enshrined in the constitution. I’d considered myself safe there.

I had been arrested whilst filming a small, peaceful protest by mainly Indigenous Ojibwe people against the construction of a new oil pipeline. I was working on a documentary film on America’s struggle for clean water.

Controversial pipelines

Enbridge’s Line 3 will carry 760,000 barrels per day of tar sands oil from Canada, across the American border to a refinery on Lake Superior, Wisconsin. Almost as much oil as the controversial Keystone XL.

Webmaster's Commentary: 

There are a couple of companion articles I would commend to you on this issue, also from today's globalresearch.ca, and they are:‘All Eyes on Nestlé’: The Commodification and Privatization of Water, as well as:

‘Forever Chemicals’ in Over 500 New Jersey Water Systems and Sources – More than 1,000 Contamination Sites Nationwide

Nov 09 06:16

4th Quarter GDP Forecasts Off To Weak Start

Nov 08 12:59

Las Vegas becomes first major city to make it a crime to sleep or camp out on the streets as it moves to tackle the homeless crisis blighting cities across America

Las Vegas officials passed a law on Wednesday the first in the US that will make it illegal for homeless people to sleep on streets when beds are available at established shelters.

The measure will apply to the city's downtown urban core, not the tourist-heavy Las Vegas Strip, which is overseen by a different jurisdiction.

Las Vegas becomes the latest city in the US West - from San Francisco and Seattle to Honolulu and Salt Lake City - to try to deal with complaints about homelessness.

The 9th US Circuit Court of Appeals struck down a similar law from Boise, Idaho, last year - calling it unconstitutional to prosecute people for sleeping in public places when there aren't enough shelter beds.

Webmaster's Commentary: 

This is just going to make the homeless crisis in Vegas worse, not better.

What happens where there are no beds at community shelters, and what happens to those who have no housing whatsoever?!?!?

Nov 08 12:47

10-Reasons Why Productivity Is Declining

Nov 08 12:33

Sears To Close A Third Of Its Remaining Stores As Iconic Retailer Fades Away 

Transformco, the shell company that bought bankrupt retailer Sears Holdings Corp. earlier this year, disclosed late Thursday that the "difficult retail environment and other challenges" have led to the decision to close an additional 96 stores by Feb. 2020.

Following the closures (51 Sears and 45 Kmart stores), Transformco will operate only 182 stores, a 57% decline of its Sears and Kmart footprint from 1Q19 of 425 stores.

The latest 96 closures are in addition to the 100 stores we reported last month.

In 2014, Sears operated 2,000 Sears and Kmart stores across the country have seen significant declining sales as consumer trends evolve to more e-commerce shopping.

Webmaster's Commentary: 

That's an intense amount of closures; I doubt that Sears will be with us much longer.

Nov 08 11:12

Momentum stalls in Congress for aid to ailing national parks

Our country is headed for 3rd world status. Mainly because of all the money the Defense Department and their Israeli masters suck out of our economy for their incessant wars.

DENVER, Nov. 8 (UPI) -- Momentum in Congress has sputtered for bills that would help the U.S. National Park Service finance a $12 billion backlog in maintenance needs.

Even though it has wide bipartisan support, the Restore Our Parks legislation that would send $6.5 billion over five years to improve park infrastructure is lingering in legislative limbo. The money would come from offshore and onshore royalty revenues for oil and gas on public lands.

"This legislation represents one of the most significant investments in the 100-year history of the Park Service," co-lead author Sen. Mark Warner, D-Va., said in an email. "The longer we kick the can on the deferred maintenance backlog, the more we'll hold back communities that rely on visitors to help generate economic activity."

Nov 08 11:02

Pentagon: Revenue From Syrian Oil Will Go to Kurdish SDF, Not US

Pentagon spokesman Jonathan Hoffman told reporters on Thursday that while the US continues to expand its presence in and around east Syria with an aim of protecting and controlling the oil fields, the US won’t be keeping the money.

“The revenue from this is not going to the US, this is going to the SDF,” Hoffman said, suggesting the US-backed Kurds will get all the money. That’s still entirely speculative, however, because no US company has expressed any willingness to extract the oil in the first place.

It’s also not what has been sold to the US by President Trump. Trump has insisted that the US would be keeping some of the oil for itself, telling crowds recently that it would amount to $45 million a month and that it was always his intention to “keep the oil.”

Webmaster's Commentary: 

I frankly think that the Pentagon is "shopping the scenario" of the Kurds getting the money from these oil fields, to try to compensate for the lousy "taste in the mouth" from smaller countries world wide, who are wondering right now; "OK, if the US has decided it can expropriate/steal Syria's oil with no backlash, and since we don't have much of a "standing army", when will the US invade our country for our resources?!?"

The question is absolutely legitimate, given the current US international policies right now.

Nov 08 10:51

US Claims Iran Preparing ‘Nuclear Breakout: Pompeo demands world powers act against Iran

Iran restarted enrichment at the underground Fordow site overnight on Wednesday, and on Thursday US officials were accusing Iran of preparing a “nuclear breakout” situation the international community must unite against.

The concept of the “nuclear breakout” has always been ill-defined, but rests on the notion that at some point Iran would have such a substantial civilian nuclear program that it would be tantamount to an irreversible military program. Though it’s not clear that’s even theoretically possible, as nations like Canada and Japan have never been accused of approaching a “breakout” despite huge nuclear programs, attaching the label to Iran has been popular with US hawks and Israel.

The breakout idea is meant to push a narrative in which action, presumably a war, needs to be launched quickly. Secretary of State Mike Pompeo took the lead in urging other world powers to do something to force Iran back into compliance with the P5+1 deal.

Webmaster's Commentary: 

(Sigh)Mike, Mike, Mike, Mike, Mike; please who rescinded their agreement to the PO5 +1 agreement, initially?!? Are you having a hard time remembering this, and would you like something approximating rational logic with which you can examine Iran's reasons for doing what it is doing?!?, as you look at this situation?

Well, sir, perhaps not, given your recent penchant for hubristic tirades about everything, but let me brake it down for you, if you are having a problem.

On May 8th, 2018, President Trump rescinded US support for the P5 + 1 agreement, and dropped out of the agreement.

It’s official: President Trump is pulling the United States out of the Iran nuclear deal.

This was, of course, premised on statements made by then-Israeli Premier, who , of course, charged, Iran with "having lied" about its nuclear program (as if Netanyahu was not always lying, or, equivocating on Israel's nuclear program; I smell some very choice A, bovine excrement about to hit the ventilation shaft, but let's see what Netanyahu had to say back in April 2018 on this): Netanyahu/Israel says IOran lied on nuclear arms, and pressures the US to scrap the deal

The article goes on to state: " Israeli Prime Minister Benjamin Netanyahu unveiled on Monday what he said was evidence of a secret Iranian nuclear weapons program that could step up pressure on the United States to pull out of a 2015 nuclear deal with Iran."

"U.S. Secretary of State Mike Pompeo said the information showed that Iran’s leaders lied to their people about a nuclear weapons program known as “Project Amad”. But Pompeo declined to say whether the documents provided evidence of a violation of the nuclear deal."

Intelligence experts and diplomats said Netanyahu’s presentation, in a prime-time television presentation, did not seem to have a “smoking gun” showing a violation by Iran but it could strengthen the hand of advisers to U.S. President Donald Trump who want to scrap the nuclear agreement.

Which was why this j'accuse/dossier was created in the first place.

Most of the purported evidence Netanyahu presented dated to the period before the 2015 accord was signed, although he said Iran had also kept important files on nuclear technology since then, and continued adding to its “nuclear weapons knowledge”.

None of the foregoing was strong enough actually be considered "real evidence"; we are looking at hearsay; half-truths; and material allegedly documenting some of Iran's nuclear programs which were developed way before the 2015 Agreement.

So Secretary of State Pompeo, I have (shudder, sir, here it comes) a logical question; if the US has rescinded its support for the P5 +1 deal, why should Iran abide by it?!? Forgive me, Secretary, but where is the logic, the quid pro quo in this threat against Iran?!?

The short answer, sir, is that there is no logic in the US's position that Iran should observe the treaty, while the US has withdrawn from it; sorry, but it makes absolutely zero sense to thinking people.

And Secretary Pompeo, I would respectfully suggest, that if the US government is thinking about a war against Iran, including a decap-strike against Tehran, that perhaps they should just suck it up, and not do it.

The reason I am making this statement, is the reality that one of Russia's top officials, last June, which made the observation that if Iran is attacked by the US, that Russia would come to its aid.

Iran won't be a lone if the US Attacks, Russian Official Says. This promise was made to Iran by Zamir Kabulov, the Foreign Ministry’s special envoy for Asian countries including Iran, said at a Russian-Iranian policy forum in Moscow.

And trust me, Sec Def Pompeo; this man hardly inhales air, before Putin tells him it is OK to exhale.

Nov 08 10:22

Children's chain Mamas & Papas collapses into administration and closes six stores making 73 staff redundant immediately just days after Mothercare went bust

Baby shop Mamas & Papas has collapsed into administration today with six store closures and up to 125 jobs axed - just three days after rival Mothercare went bust putting 2,500 people out of work.

The retailer has made 73 staff redundant with immediate effect and has put 54 further jobs at risk within its head office as another of Britain's high street chains crumbled.

Mamas & Papas said its unprofitable stores in Aberdeen, Preston, Milton Keynes, Lincoln, Leamington and Fareham closed today as a result.

The company, which had 27 stores and three concessions, said its remaining stores will continue to trade as normal, as well as online.

Nov 08 09:37

Mind Markets Melting Both Ways

Nov 08 08:40

The Fed’s Dilemma Is Our Problem!

Nov 08 08:26

HOW QE REALLY WORKS

Nov 08 08:13

The 10 Highest Paying Jobs In Oil & Gas

Nov 08 07:16

Is the Run on the Dollar Due to Panic or Greed?

What’s going on in the repo market? Rates on repurchase agreements (“repo”) should be around 2%, in line with the fed funds rate. But they shot up to over 5% on September 16 and got as high as 10% on September 17. Yet banks were refusing to lend to each other, evidently passing up big profits to hold onto their cash – just as they did in the housing market crash and Great Recession of 2008-09.

Since banks weren’t lending, the Federal Reserve Bank of New York jumped in, increasing its overnight repo operations to $75 billion; and on October 23 it upped the ante to $120 billion in overnight operations and $45 billion in longer-term operations.

Why are banks no longer lending to each other? Are they afraid that collapse is imminent somewhere in the system, as with the Lehman collapse in 2008?

Nov 08 06:36

Gold Falls 3% In Week to One-Month Low At $1,464/oz As Banks and Hedge Funds Sell COMEX Futures Aggressively

Gold is down 3% this week on concentrated selling of gold futures on the COMEX in New York.

Nov 08 06:19

Wasting Money on CEOs

Nov 08 06:08

At auction: Putin’s executive order to take Crimea from Ukraine

Russian President Vladimir Putin’s controversial 2014 decree that cleared the way for the annexation of Crimea from Ukraine, which still draws international outrage, is going on the auction block.

The personally signed order tucked neatly into an ornate leather binder could bring as much as $8,000-$10,000, according to Alexander Historical Auctions, hosting the online auction Nov. 19-21.

Alexander Auctions President Bill Panagopulos described his unusual item this way:

An historic modern Russian document with repercussions still affecting the world today, Vladimir Putin's executive order creating the Ministry of Crimean Affairs and integrating the economic, financial, credit and legal systems of the Crimea with that of the Russian Federation. Putin essentially inextricably merges Crimea's economy and courts with those of Russia, making any future return of Crimea to Ukraine nearly impossible.

Webmaster's Commentary: 

(Sign) Paul, Paul, Paul, the author of this piece of codswallop, were we having one hell of a case of SMD (selective memory disorder) before you" put this ripe tripe to bed?!?"

Apparently, you are choosing NOT to remember the following, and I would bet that your inner two year old is about to have a raging temper tantrum, because of the following FACTS, Paul:

FACT: Washngton was behind the coup in 2014, and Obama admits that there was a US-brokered deal in support of regime change

FACT: post-putch which put Poroshenko in charge of Ukraine in 2014, the Crimeans smelled "foul" as they knew the "election" was a regime change writ large, and that no semblance of justice could ever come out of Kiev again with that corrupt bunch which had grabbed the gonads of power here.

So what did the Crimean people do, Paul?!? And why the hell did you not know this, or ar you choosing not to mention this, because it does not fit your, and the Deep State's "agenda" here?!?

They did two things, Paul; FACT: the Crimeans held a referendum to determine if they wanted to stay with Ukraine post-putsch, or petition the Russian Federation to join it. Overwhelmingly, they voted to leave Ukraine, and petition the Russian Federation. 2014:
Crimean status Referendum

Paul, I don't get it; you are supposed to be some kind of arbiter of truth, as a journalist; not a mole for the deep state; and if this information was available to me with a cursory search on line, my question is, WHY WAS IT NOT AVAILABLE TO YOU?!?

No, Paul; you are either intellectually lazy beyond belief, or paid very well to lie to the American people, or both.

And that last, nearly nearly breathlessly hysterical paragraph I cited, made it look like what Russia did here, was an horrendously bad thing to do, when this is precisely what the Crimean people wanted Putin, and Russia to do.

And has your MONSTER case of SMD caused you to conveniently forget, that both Russia and the US are signatories to the UN Universal Declaration of Human Rights which includes peaceful self-determination as one of its cornerstones, which is precisely what Crimea did here, with its referendum, and petition to the Russian Federation for membership?!?

So, given your proclivities to always want to characterize Russia as "bad and wrong", will your next move be to "encourage" President Trump to rescind the US's membership in the UN?!?

Sir, you either deliberately got this hellaciously wrong, or you didn't have a clue; in either case, this article is nothing more than a vehicle for propping up the agenda that "Russia is Always Bad!!". an agenda, which cannot be supported by the facts of this case.

Nov 08 05:20

QE By Any Other Name

Nov 08 05:19

Testimony bombshell: Obama administration tried to partner with Hunter Biden’s Ukrainian gas firm but was blocked over corruption concerns

A State Department official who served in the U.S. embassy in Kiev told Congress that the Obama administration tried in 2016 to partner with the Ukrainian gas firm that employed Hunter Biden but the project was blocked over corruption concerns.

George Kent, the former charge d’affair at the Kiev embassy, said in testimony released Thursday that the State Department’s main foreign aid agency, known as USAID, planned to co-sponsor a clean energy project with Burisma Holdings, the Ukrainian gas firm that employed Hunter Biden as a board member.

At the time of the proposed project, Burisma was under investigation in Ukraine for alleged corruption. Those cases were settled in late 2016 and early 2017. Burisma contested allegations of corruption but paid a penalty for tax issues.

Webmaster's Commentary: 

Start fixing the popcorn, folks; this is going to be magnificently entertaining!!

Nov 07 12:00

Global debt hits an all-time high of $188 TRILLION – more than DOUBLE the world's economic output – the IMF warns

Global debt has hit an all-time high of $188 trillion, which is more than double the output of the global economy, the IMF warned today.

The global debt load has surged to a new record of around 230 per cent of world's output, IMF chief Kristalina Georgieva said.

While private sector borrowing accounts for the vast majority of the total, the rise puts governments and individuals at risk if the economy slows, she said.

Nov 07 11:29

US Futures Jump To Record High After China Says US Agreed To Roll Back Tariffs

One day after there was relatively little "trade deal optimism", overnight futures surged to new all time highs when just after 2am ET, China's commerce ministry said - in what may well have been a trial balloon to test the White House's public response - that it had agreed with the US to roll back tariffs on each other’s goods in phases as the two nations work toward a trade deal, adding fuel to a "trade deal optimism" rally that is now spanning to its fifth straight day.

Webmaster's Commentary: 

And here is a companion piece, also from zerohedge.com:

China says US has agreed to phase out tariffs

Nov 07 11:11

German Ministers Mutiny As Merkel Struggles To Preserve Ruling Coalition

Shortly after German Finance Minister Olaf Scholz released his plan to complete the European Banking Union via the Financial Times, several reports surfaced claiming that Scholz had inexplicably neglected to inform Chancellor Merkel about the plan, testing Merkel's political authority as she struggles to finish out the rest of what's set to be her final term.

As it turns out, snubs like this one are becoming increasingly common as Merkel appears to have lost control over her government. Two weeks ago, Defense Minister Annegret Kamp-Karrenbauer proposed a peace plan for Northern Syria without clearing it with the chancellor. Though at least during that incident, Merkel was given a heads up about the plan. AKK's ideas were pilloried by the Social Democrats and Foreign Minister Heiko Maas, and the whole incident ended up embarrassing the government as it seeks to combat speculation that it's asleep at the wheel.

Webmaster's Commentary: 

Considering the German mood regarding the effects of unfettered immigration, coupled with economic woes, I think that Angela Merkel's party is headed for a real route, come the 2021 elections, unless she can figure how to turn the challenges Germans face from both issues around in time to prevent an absolute shellacking in 2021.

Nov 07 11:02

A Centrally-Directed Melt-Up: 'Synthetic Growth' Trumps 'Organic Collapse'

Authored by Chris Hamilton via Econimica blog,

The demographic situation the world faces is unprecedented and unparalleled in modern history. All the deaths of the past few centuries warfare were blips on the radar compared to what is taking place now. Given the infinite growth economic model, the situation is beyond repair and no repair will be attempted.

The only goal is extension of the current model with its clear winners and losers.

Nov 07 10:01

Corporate Profits Are Worse Than You Think

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