ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Aug 21 09:34

Fat cat bosses earn 117 times more than average UK worker, despite pay-cut – report

A new report from the High Pay Centre and Chartered Institute of Personnel and Development (CIPD) – an independent non-party think tank – shows that the (average) median pay of FTSE100 bosses was actually down 13 percent in 2018, but still a huge £3.46 million.

The research also shows that CEOs’ pay dwarfs that of the average (median) full-time worker’s salary which stands at £29,574 per year, meaning they take home 117 times more cash.

Aug 21 09:33

Japan exports, RV sales, Tariff delays

Aug 21 09:21

Federal Reserve. Not Federal. No Reserves.

Aug 21 09:15

Just When You Think You Own Your Own Private Property…

By Simon Black, Sovereign Man

Tom turned 60 recently, and he’s thinking about retirement. After two decades of cracking eggs and frying bacon at his restaurant, he’s ready to spend more time with his family. And fortunately for Tom, he’s sitting on an extremely valuable asset: his real estate. Tom’s diner is located in downtown Denver in an area that has been heavily redeveloped.

In fact, a local real estate developer offered Tom nearly $5 million for his land; it’s an ideal spot to build condominiums given how popular downtown Denver has become.

After hearing about the deal, five local residents filed an application with the city to have Tom’s Diner declared a historic landmark...

Aug 21 09:09

Portland residents, business owners want city officials to 'fix' homeless problem

PORTLAND, Ore. – In the summer of 2019, Fox News embarked on an ambitious project to chronicle the toll progressive policies have had on the homeless crisis in four West Coast cities: Seattle, San Francisco, Los Angeles and Portland, Ore. In each city, we saw a lack of safety, sanitation and civility. Residents, the homeless and advocates say they've lost faith in their elected officials' ability to solve the issue. Most of the cities have thrown hundreds of millions of dollars at the problem only to watch it get worse. This is what we saw in Portland.

Aug 21 08:40

The Real Reasons Why The Media Is Suddenly Admitting To The Recession Threat

By Brandon Smith

One thing that is important to understand about the mainstream media is that they do tell the truth on occasion. However, the truths they admit to are almost always wrapped in lies or told to the public far too late to make the information useful. Dissecting mainstream media information and sifting out the truth from the propaganda is really the bulk of what the alternative media does (or should be doing). In the past couple of weeks I have received a rush of emails asking about the sudden flood of recession and economic crash talk in the media. Does this abrupt 180 degree turn by the MSM (and global banks) on the economy warrant concern? Yes, it does...

Aug 21 07:51

Obamas To Release Anti-Trump Movie On Netflix

Aug 21 07:37

IN "EXPLOSIVE" LAWSUIT WALMART SUES TESLA OVER SOLAR PANEL FIRES, CLAIMS SOLARCITY PURCHASE WAS A BAILOUT

SOURCE: ZEROHEDGE
Until now, the general public was only aware of the remarkable ability of Tesla cars to spontaneously combust, that is at least when they are not smashing into random things while on autopilot. It now appears that Tesla's solar panels (some may be unaware that several years ago, Elon Musk tried to unsuccessfully pivot Tesla into a solar power company as well as that's where a few billion in government subsidies were to be found) are just as combustible.

On Tuesday, Walmart sued Tesla, after its solar panels atop seven of the retailer’s stores allegedly caught fire, alleging breach of contract, gross negligence and failure to live up to industry standards. Walmart is asking Tesla to remove solar panels from more than 240 Walmart locations where they have been installed, and to pay damages related to all the fires Walmart says that Tesla caused.

Webmaster's Commentary: 

I honor this man's genius, but he absolutely needs a "business nanny", who can help avoid incidents like this, by insisting on a strict, unimpeachable quality control protocol, for ANY of the products which bear his name.

Aug 21 07:32

TALIBAN PEACE TALKS MUST NOT IGNORE CIA-FUNDED AFGHAN MILITIAS, REPORT SAYS

SOURCE: THE INTERCEPT

After 18 years of war, and months of direct talks, the United States appears to be on the brink of reaching an unprecedented peace agreement with the Taliban that would bring about U.S. troop withdrawal from Afghanistan.

A draft agreement was reached in March, and negotiators in Qatar have reportedly been ironing out the details ahead of a September 1 deadline — including exactly when U.S. troops will withdraw and when a permanent ceasefire between the parties will take effect. The U.S. is reportedly also seeking assurances from the Taliban that it won’t harbor foreign terror groups like ISIS and Al Qaeda and will engage in dialogue with the Afghan government after the U.S. military leaves.

Webmaster's Commentary: 

As much as President Trump desperately needs a win here, ahead of the 2020 elections, I am not holding my breath,, that an accord will actually be reached, before the 1 September deadline.

And the reason I say this, is that there are too many unexploited resources desired by the world's leaders, that they will really ever be willing to let Afghanistan go.

As stated by a Google Article regarding mining in Afghanistan:

"Afghanistan has over 1,400 mineral fields,[1][2][3] containing barite, chromite, coal, copper, gold, iron ore, lead, natural gas, petroleum, precious and semi-precious stones, salt, sulfur, talc, and zinc, among many other minerals.[1][4] Gemstones include high-quality emerald, lapis lazuli, red garnet and ruby. According to a joint study by The Pentagon and the United States Geological Survey, Afghanistan has an estimated US$3 trillion[5] of untapped minerals."

You have to look at this with the sang froid eye of a violently, unhinged, despotic government, which wants to regime change a country, to make it more western centric, and expropriate resources to which the US government has no right, then selling them only for US dollars.

This is the MO the US has taken, ever since the invasion of Iraq, and the consistent pattern is so in your face, that I become thoroughly amazed when Americans don't get it.

Don't get me wrong; I would love for peace to happen for Afghanistan; however, given the embarrassment of riches this country has, I wouldn't expect this peace to last very long.

But a country attempting to stabilize Afghanistan right after the US leaves, will be China.

And the interesting thing about that, is that China, in its growth, doesn't want to fire a single shot;they want to make deals, as their way of broadening their economic reach, and clout.

Slowly but Surely, China is moving into Afghanistan

Feature: Direct flights between China, Afghanistan promote trade, people-to-people exchanges

This should be a "teachable moment", to the US government, but most probably will not be.

And I say that, because relations between China and the US have absolutely plummeted, under the watch of President "Wreck-it Donald" Trump. The issues concerning the South China Sea, and the US treatment of Taiwan,have not earned him much support in Beijing, not to mention the sanctions and tariffs which have been placed against various Chinese individuals and corporations.

Losing Afghanistan, through a series of Afghani agreements with the Chinese, will prove to be one of the most stinging, dismal failures of President Trump's record, if the future trajectory of Chinese/Afghani relations continues to hold true.

Aug 20 15:12

The Fed's Math Problem

Aug 20 13:59

Court Rules That “Patent Troll” is Opinion, Not Defamation

By Joe Mullin

Free speech in the patent world saw a big win on Friday, when the New Hampshire Supreme Court held that calling someone a “patent troll” doesn’t constitute defamation. The court’s opinion is good news for critics of abusive patent litigation, and anyone who values robust public debate around patent policy. The opinion represents a loss for Automated Transactions, LLC (ATL), a patent assertion entity that sued more than a dozen people and trade groups claiming it was defamed.

EFF worked together with the ACLU of New Hampshire to file an amicus brief [PDF] in this case, explaining that the lower court judge got this case right when he ruled against ATL. That decision gave wide latitude for public debate about important policy issues—even when the debate veers into harsh language. We’re glad the New Hampshire Supreme Court agreed...

Aug 20 11:21

Americans’ Yearly Spending on Drugs Now on Par With Alcohol: Report

Spending on cannabis, cocaine, heroin and methamphetamine by Americans reached nearly $150 billion in 2016, with a large proportion of spending coming from the small share of people who use drugs on a daily or near-daily basis, according to a new RAND Corporation report.

Researchers estimate that from 2006 to 2016, the total amount of money spent by Americans on these four drugs fluctuated between $120 billion and $145 billion each year. By contrast, a different analysis finds that spending on alcohol in the U.S. was estimated to be $158 billion in 2017...

Aug 20 11:08

Are Recessions Inevitable?

Aug 20 11:06

Asia Exports to China (July)

Aug 20 10:15

Inside the world of negative interest-rates

Aug 20 10:10

It's Official: Trump Makes First Demand For Fed To Restart QE, Urges 100bps Rate Cut

One week ago, when we discussed that as a result of the accelerated rebuild of cash by the US Treasury, first Bank of America, then JPMorgan suggested that the Fed may be forced to restart QE soon as a result of the upcoming sharp drop in liquidity, we said that "apparently this is something that the Fed, which until recently was engaging in additional liquidity draining via QT, was unaware about, and since a return of QE - something that Trump has yet to demand - would cause all sorts of political problems and demand lengthy congressional explanations."

Fast forward to today, when what we expected would happen, happened as Trump made his first official demand for "some quantitative easing" (even if Congress may choose to eventually stay out of this as both political parties are now desperate for the Fed to resume monetizing the US deficit on the road to helicopter money, i.e. MMT).

Aug 20 09:57

US Sanctions Backfire, Lead To Boost In Russian Oil Exports

U.S. sanctions against Venezuela and Iran have had an unplanned side effect: they have increased exports of heavy, sour crude from Russia, Bloomberg reports, adding that calculations have shown Russian oil companies raked in an additional US$905 million at least from these sales between November and July.

The Urals blend is the big winner of the U.S. sanctions, according to Bloomberg’s calculations. Venezuela is one of the main global suppliers of heavy crude, but U.S. sanctions have shrunk its exports significantly. Iran also produces heavy, which has now become less readily available to foreign buyers, freeing up space for Urals. Finally, OPEC members prioritized cutting their heavy crude production as part of their December 2018 agreement and that added to the strain on heavy crude supply.

Aug 20 09:27

Images show Iran satellite launch looms despite US criticism

Read the comments. It would appear that many Americans are friendly towards Iran.

DUBAI, United Arab Emirates (AP) — Iran appears to be preparing another satellite launch after twice failing this year to put one in orbit, despite U.S. accusations that the Islamic Republic's program helps it develop ballistic missiles.

Satellite images of the Imam Khomeini Space Center in Iran's Semnan province this month show increased activity at the site, as heightened tensions persist between Washington and Tehran over its collapsing nuclear deal with world powers.

Aug 20 09:20

The Way Not to Fix Education, Housing, and Health Care

By Daniel J. Boudreaux

As long as the reality of human existence remains on the imperfect side of paradise — mired in scarcity, often unpredictable, and always carrying at least a small risk of calamity for each individual as well as for groups — some people will complain about the state of reality. Indeed, as human welfare improves, such complaints grow more frequent and fervent. If nearly everyone’s life is miserable, and if such misery is all that we know and remember, we accept misery as an unalterable condition of existence, much as we accept as unalterable our inability to fly by flapping our arms.

But as the masses have become materially more prosperous, the possibility of even greater prosperity has become more evident. And so any shortfall of the masses’ current prosperity from what can be imagined or plausibly foreseen strikes many as an intolerable condition that should be remedied forthwith.

Aug 20 08:54

Typical market top behavior?

Aug 20 08:37

Putting Prog-Globalism Before Profits

The CEOs of Amazon, Apple, Goldman Sachs, Raytheon and nearly 200 other companies want you to know they're down with woke capitalism.

Aug 19 20:03

Gregory Mannarino: Prelude To THE BIG ONE

Aug 19 20:03

Safe Haven Appeal Sends Gold Above $1,500

Aug 19 19:32

11 Reasons Why So Many Experts Believe That A U.S. Economic Crisis Is Imminent

By Michael Snyder

The numbers are telling us that we have never been closer to the next recession than we are right now. The storm clouds that were gathering on the horizon are now directly above us, and suddenly the mainstream media is filled with stories about when the next recession will begin and the effect that this may have on President Trump’s chances of winning in 2020. In fact, there has been so much chatter about this that even President Trump is talking about it. All over television, experts are breathlessly speculating about when the coming recession will begin, and they are dispensing lots of advice about how people should be preparing for it.

So what evidence has led so many of these talking heads to come to such a conclusion?

Well, the following are 11 reasons why so many experts now believe that a U.S. economic crisis is imminent…

Aug 19 18:28

A Wobbling Stock Market

Aug 19 14:00

HMMMM...Are We Headed for a Recession?

Aug 19 13:58

Trump Driving Dollar OFF A CLIFF!

Aug 19 11:14

Massachusetts’ Addiction to Regulation Keeps Most Pot Sales on the Black Market

By Max Gulker

Since Massachusetts residents passed a 2016 referendum legalizing recreational cannabis, the fate of the industry has largely been in the hands of the state’s Cannabis Control Commission. Having licensed 23 pot stores across the state, and set rules for individual growers, the commission is now drafting rules for marijuana delivery services.

You may be chuckling right now at the possibility of a stereotypical stoner’s dream to never leave his home coming true, or because Massachusetts, never coy about heavy-handed regulations, has created something called the Cannabis Control Commission. Take a moment to get those laughs out of your system, because we can learn a lot about government regulation from Massachusetts’ early experiences with legal pot, and what we learn is no laughing matter...

Aug 19 10:13

Tariffs and Rate Cut Hit Confidence

Aug 19 09:49

A Cycle of Renewal, Broken: How Big Tech and Big Media Abuse Copyright Law to Slay Competition

By Cory Doctorow

As long we’ve had electronic mass media, audiences and creators have benefited from periods of technological upheaval that force old gatekeepers to compete with brash newcomers with new ideas about what constitutes acceptable culture and art. Those newcomers eventually became gatekeepers themselves, who then faced their own crop of revolutionaries. But today, the cycle is broken: as media, telecoms, and tech have all grown concentrated, the markets have become winner-take-all clashes among titans who seek to dominate our culture, our discourse and our communications.

How did the cycle end? Can we bring it back? To understand the answers to these questions, we need to consider how the cycle worked — back when it was still working...

Aug 19 09:27

What Student Loans and Health Care Have in Common

By Nicholas C. Anderson

What is the governing dynamic causing both student loans and healthcare burdens to run away from us?

Imagine I invite you and your significant other, life-long friends of mine, to choose the restaurant of your choice whereby I vow to pay 80 percent of the bill. You rightfully choose the best 5-star place in town to enjoy a fantastic meal. There’s no price on the menu and you remind yourself that “if I have to ask, I probably can’t afford it.” Then you remember that I’m going to pay 80 percent of the bill and you go for it. The bill arrives for the two of you and it’s an eye-popping $1,500 for which, of course, you’re responsible for $300. You call me in a fit of confusion...

Aug 19 09:20

Amazon Workers Now Being Shipped In Packages To Personally Assure Customers They’re Treated Well

Tongue in Cheek!

DURHAM, NC—In an effort to improve the company’s image amid criticism about poor conditions in its warehouses, e-commerce giant Amazon has begun to ship workers in packages to personally assure customers they’re being treated well, sources confirmed Friday. “When people who don’t know any better criticize my employer, they’re totally ignoring the fact that Amazon just sent me on an all-expenses-paid trip across the country in this nice, sturdy box,” said an Amazon employee identifying himself as Wilson O’Connell.

Aug 19 09:18

The market meltdown

Aug 19 09:13

American Capitalism Is Based on Plunder The plunder is getting worse

Capitalism is private monopoly,communism is government monopoly.
America is suppossed to be a Free Enterprise Country.
Capitalism,Communism and Fascism as well as Socialism are ALL gifts from ther International Banksters!

Paul Craig Roberts

American capitalism is based on plunder. With the continental USA plundered, American capitalism hoped to continue enriching itself by plundering Russia as it did under Yeltsin, carefully including the Russian “Atlanticist Integrationists” in the spoils in order to have support from the liberal, progressive forces in Russia for stripping Russia of its assets. But Putin more or less put a halt to the American/Israeli rape of Russia, although it still continues through the neoliberal economics that Harvard brainwashed into the Russian central bank and economics profession. Brainwashed Russian economists are the main reason Washington is able to punish a powerful country such as Russia with economic sanctions.

Aug 19 08:47

The Consequences of the Intended

Kids didn’t used to roast to death, forgotten in the back seat of cars, because it was hard to forget your kid when he was sitting right there beside you – or even sitting in your lap. That was outlawed – for saaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaafety.

And now kids are forgotten about in the back seat and left to roast to death.

Aug 19 08:30

Trump Privately Suggested Full Naval Blockade of Venezuela Suggested ships could stop all goods entering Venezuela

So Trump is in favor of starving children now!

Officially there is not a full naval blockade yet, though the US has made efforts to prevent shipments to Venezuela, and earlier this week was reported to have seized a ship full of food to prevent it getting to Venezuela.

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