ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 24 15:35

What is the minimum wage around the world?

May 24 12:04

And it's gone

May 24 12:03

John Nash, ‘A Beautiful Mind’ Subject and Nobel Winner, Dies at 86

John F. Nash Jr., a mathematician who shared a Nobel Prize in 1994 for work that greatly extended the reach and power of modern economic theory and whose decades-long descent into severe mental illness and eventual recovery were the subject of a book and a 2001 film, both titled “A Beautiful Mind,” was killed, along with his wife, in a car crash on Saturday in New Jersey. He was 86.

Dr. Nash, and his wife, Alicia, 82, were in a taxi on the New Jersey Turnpike in Monroe Township around 4:30 p.m. when the driver lost control while trying to pass another car and hit a guard rail and another vehicle, said Sgt. Gregory Williams of the New Jersey State Police.

May 24 10:44

Banks and Punishments

Occasionally people inquire as to the different treatment of different kinds of persons in our legal system. As the U.S. Supreme Court has explained, corporations are persons just like my readers. The only difference between a corporate person and a human person is that when a human person breaks the law, the human person depending on the offense, may go to jail. When a corporate person breaks the law, the corporate person may be punished, but is never sent to jail.

May 24 10:32

Minimum wages, adjusted for cost of living.

May 24 10:28

An Open Letter to the Pope on Institutional Racism at the World Bank and G-20

Your Holiness,

Speaking of the ills of economic and social exclusions you stated that “Exclusion ultimately has to do with what it means to be a part of the society in which we live; those excluded are no longer society’s underside or its fringes – they are no longer even a part of it. The excluded are not the ‘exploited’ but the outcast.”

May 24 06:08

America’s Trailer Parks: The Residents May Be Poor But The Owners Are Getting Rich May 24th, 2015

It’s an unusual but potentially lucrative investment: billionaire Warren Buffett is heavily invested, and his and others’ success is prompting ordinary people to attend Mobile Home University, a ‘boot camp’ in trailer park ownership.

May 24 05:59

Greece 'ready to do economic deal', but won't be humiliated: Tsipras

Greece is ready to accept a “viable and long-lasting” deal with lenders but not on “humiliating terms”, Prime Minister Alexis Tsipras has told his ruling Syriza party.

May 24 05:05

Every man to pay $28,000 debt

The world faces the largest financial crash ever. As it turned out every man on our planet has a debt surpassing $28,000.
According to a recent McKinsey Global Institute report, the total amount of debt on our planet has grown from $142 trillion at the end of 2007 to $199 trillion today.
All major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage point.

May 23 18:33

5 Things To Ponder: Everybody's Got One

May 23 16:23

The Other One Percent

As a high school student, I came across an observation by Abraham Lincoln who said that “With public sentiment, nothing can fail; without it nothing can succeed.” Today “public sentiment” would be called “public opinion.”

May 23 15:58

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 23 15:49

Tracking Labor Force Participation

May 23 14:49

The End of the Commodities Bear?

May 23 13:41

The Other One Percent

As a high school student, I came across an observation by Abraham Lincoln who said that “With public sentiment, nothing can fail; without it nothing can succeed.” Today “public sentiment” would be called “public opinion.”

May 23 13:22

Annual cost of car ownership falls to $8,698

May 23 12:36

China Rising - Red Dawn in October???

May 23 11:09

Researchers Predicted In 1971 that Debit Cards Would Become the Ultimate Spy Tool

The Wall Street Journal reported that the NSA spies on Americans’ credit card transactions. Senators Wyden and Udall – both on the Senate Intelligence Committee, with access to all of the top-secret information about the government’s spying programs – write:

Section 215 of the Patriot Act can be used to collect any type of records whatsoever … including information on credit card purchases, medical records, library records, firearm sales records, financial information and a range of other sensitive subjects.

Many other government agencies track your credit card purchases as well. In fact, all U.S. intelligence agencies – including the CIA and NSA – are going to spy on Americans’ finances.

May 23 08:38

Obscure Government Document Shows Elizabeth Warren Is Right About TPP

"This is not a trade agreement. It's about intellectual property and dispute settlement."

May 23 08:37

Kansas Republicans Have Come Up with a Disgraceful New Way to Screw the Poor

Starting in July, a new law in Kansas will restrict the amount of cash a welfare recipient can take out of ATM's to just $25 a day—a move that critics say introduces a whole new host of financial burdens—including high ATM fees and travel costs—when they access cash.

Webmaster's Commentary: 

And if you let them get away with limiting access to cash because these are welfare recipients, then you open the door to letting them limit YOUR access to cash, for whatever reason they concoct, to protect the banks!

May 23 08:02

Moldova: Israeli Oligarch stole $1 billion

I am glad to learn that 3.5 million Moldovans have been taken to cleaners by an Israeli-born young Jewish billionaire Ilan Shor, 28.

On Monday, a Moldovan court rejected the appeal by Ilan Shor against his earlier sentence of house arrest. Last year, he was accused of stealing nearly $1 billion, or 12 percent of Moldova’s GDP. His house arrest began only last week.

Pity, had he ripped Americans of $1 billion, he would be enjoying a beautiful ‘retirement’ in sunny Tel Aviv, home to 280 Jewish brothels.

May 23 07:40

Seizing an alternative: Integrity for the whole truth, and nothing but the truth (7 of 7)

*hyperlinks/videos live at source*

The following is my paper for the Claremont Colleges’ conference, Seizing an Alternative Toward an Ecological Civilization, with open registration to the public on June 4-7, 2015.

Paper title:

‘Emperor’s New Clothes’ political collapse: Seizing an alternative to OBVIOUS unlawful wars, bankster looting, lying corporate media
I’ve divided the paper into sections:

Recognizing The Emperor’s New Clothes as THE STORY of today (1 of 7)

Obviously unlawful US/UK wars of the present (2 of 7)

Obviously unlawful Israel wars on Gaza (3 of 7)

War lies to hide obviously unlawful wars: propaganda as usual (4 of 7)

Bankster looting: fundamental fraud that “debt” is “money” (5 of 7)

Lying corporate media: required propaganda trying to hide naked empire (6 of 7)

Integrity for the whole truth, and nothing but the truth (7 of 7)

This section is: Integrity for the whole truth, and nothing but the truth (7 of 7)

**

May 22 17:36

Chart Of The Day: “Stimulus” At The Top

May 22 15:25

List of Banks owned by the Rothschild family

“Give me control over a nations currency, and I care not who makes its laws” – Baron M.A. Rothschild

May 22 15:24

A Flock of Black Swans in June?

May 22 14:53

Why One of the Wealthiest Countries in the World Is Failing to Feed Its People

On May 8 2015 I awoke to discover that not only were we not looking forward to a new coalition government in the UK, but that the overall collapse of the Liberal Democrats and the Labour Party had given the Conservative government a mandate. At an individual level I’m likely to see some benefits from the strong neo-liberalism that underpins this government’s ideology, but I’m concerned about a further deepening of the division between those who have and those who have not.

May 22 14:37

The Big Banks Are Corrupt – And Getting Worse

The Justice Department’s latest settlement with felonious big banks was announced this week, but the repercussions were limited to a few headlines and some scattered protestations.

May 22 13:29

Top 10 warning signs for stocks:

May 22 12:47

ELECTION 2016: Whatta choice

Jeb Bush Allegedly Murdered CIA Pilot Barry Seal, Hillary allegedly murdered Vince Foster in 1993, Obama allegedly snuffed his grandma and two of his butt buddies in 2007 - Jews did 911

May 22 12:00

Matt Taibbi: World's Largest Banks Admit to Massive Global Financial Crimes, but Escape Jail (Again)

Five of the world’s top banks will pay over $5 billion in fines after pleading guilty to rigging the price of foreign currencies and interest rates. Citigroup, JPMorgan Chase, Barclays and Royal Bank of Scotland pleaded guilty to conspiring to manipulate the price of US dollars and euros exchanged in the $5 trillion FX spot market. UBS pleaded guilty for its role in manipulating the Libor benchmark interest rate. No individual bank employees were hit with criminal charges as part of the settlements. We are joined by Matt Taibbi, award-winning journalist with Rolling Stone magazine.

May 22 11:20

Bernie Sanders issues bill to make 4-year colleges tuition-free

Have our kids' college paid for by the same group who gave us the mortgage-backed securities fraud.......

sounds good to me

May 22 10:40

The High Cost of Low Taxes

Earlier this month, I arrived in San Diego following five days of driving across the country from Wisconsin. I pulled into my friend’s driveway, brought my things inside, and went back to my car to park it on the street.

May 22 10:11

‘War is a Racket': Forbidden History on Memorial Day

Retired Major General Smedley Butler was onto something in 1933, when he was recruited to be a “gangster for capitalism” by a group of wealthy Americans calling themselves the “American Liberty League”. Damn interesting, indeed.

May 22 09:36

?Tory plans to seize illegal workers’ pay will push migrants into slavery - campaigners

Prime Minister David Cameron will give police new powers to seize the wages of illegal workers in a fresh bid to deter migration amid allegations the law will push vulnerable people into “modern slavery.”

May 22 09:32

Inequality in US highest among developed countries

The Organization for Economic Cooperation and Development (OECD) has published a new study that explores income inequality in its 34 states.

May 22 09:23

SEC Commissioner Furious That SEC Has Made A Mockery Of "Recidivist Criminal Behavior" By Banks

Yesterday, in the aftermath of the latest settlement by the world's biggest banks, who finally admitted they have criminally rigged virtually all markets since the Great Financial Crisis (and prior) despite promising repeatedly they would not do that after having been caught time and again and punished with ever "harsher" wristslaps, we wrote that the "Public Is Confused Why World's Biggest Banks Admitting Criminal Fraud, Leads To Public Yawns."

May 22 09:18

A MOST DISTURBING INFOGRAPHIC ABOUT THE CRIMINAL SYSTEM

The United States has the most prisons in the world in order to house the highest number of incarcerated people in the world. 707 per every 100,000 people can be found in a prison. Out of every 100 citizens, 3 work in the justice system. 1 in 9 State employees works in corrections. How this vast prison system evolved is examined by looking back at what there was before modern prisons existed.

May 22 09:05

The Global Currency Reset

May 22 09:00

6 Years of ZIRP

May 22 08:40

Why aren’t the banksters in prison?

On Wednesday, five major international banks, including JPMorgan Chase and Citigroup, America’s largest and third-largest financial institutions, pleaded guilty to felony charges.

May 22 08:40

Corporation Bribes Landowner With Prostitutes To Build Pipeline

May 22 07:51

Growing Global Inequality Gap 'Has Reached a Tipping Point'

'When such a large group in the population gains so little from economic growth, the social fabric frays and trust in institutions is weakened.'

May 22 07:38

US media and pro-Israel antics in Congress

The New York Times’ coverage of congressional antics related to the Trade Promotion Authority (TPA) legislation has ignored so many critical aspects of the bill that it might be time for the “paper of record” to change its motto from “All the news that’s fit to print” to “All the news we think fits, we print.”

Here’s why.

May 22 07:33

Ry's wage plan

May 22 07:21

Token fines for banks caught rigging foreign exchange markets

In yet another wrist-slap settlement for bankers involved in criminality on a massive scale, the US government on Wednesday announced that five major banks had pleaded guilty to felony conspiracy.

May 22 07:08

Leading German Keynesian Economist Calls For Cash Ban

At this stage, a sane person might be tempted to call it a day on the monetary experiments, especially considering that at this point, the limits have been reached. That is, there are literally no more assets to buy and rates have hit the effective lower bound where rational actors will eschew bank deposits in favor of the mattress. But not so fast, say folks like Citi’s Willem Buiter and economist Ken Rogoff: the world could always ban cash because if you eliminate physical currency and force people to use a debit card linked to a government controlled bank account for all transactions, you can effectively centrally plan everything. Consumers not spending? No problem. Just tax their excess account balance. Economy overheating? Again, no problem. Raise the interest paid on account holdings to encourage people to stop spending.

Webmaster's Commentary: 

May 22 07:02

It Is Mathematically Impossible To Pay Off All Of Our Debt

Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt?

May 22 05:12

Economic Smoke & Mirrors

May 21 19:45

Six banks fined $5.8 billion for market rigging

No one goes to jail...

May 21 18:38

3 Things: If You Don't Like It Change It

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA