Who Decides on Money, The President or the FED? – We Hold These Truths

August 16, 2019 by · Leave a Comment 

“This week, the Federal Reserve likely will vote to cut interest rates — when it should be raising them. If the economy is so dependent on low interest rates that a near-record-low rate of 2.4 percent isn’t low enough, there is something wrong with the economy, and piling on more cheap debt will make the crash that much harder,” and “Since the financial crisis of more than a decade ago, America and the world have gotten dangerously addicted to debt. The Fed has fed the addiction.”

She concludes: “The Fed (roughly speaking) sets the interest rate at which banks can borrow. The lower the rate, the lower the rate at which banks will lend to homeowners, credit-card borrowers, car buyers, and the like…In 2008, as the financial system was failing, the Fed pushed its key interest rate down to zero and kept it there for seven years. The point was to get people spending again. Since they had little discretionary income, they couldn’t spend more unless they could borrow more.”

“The more significant problem created is that cheap debt got the economy into trouble in the first place. By 2008, after a decade during which interest rates were also low, people had already borrowed so much that they couldn’t borrow any more. Household debt had nearly doubled between 2000 and 2007, to $14.2 trillion from $7.2 trillion. Choking on mortgage debt, in particular, Americans cut off their spending.”

Source: Who Decides on Money, The President or the FED?We Hold These Truths

Wave of BAD economic data for China prove NeverTrumpers wrong: Tariffs are working – Jon Dougherty

August 15, 2019 by · Leave a Comment 

Amid a rash of news reports Wednesday claiming the U.S. is headed for a recession, thanks in large part to President Donald Trump’s tariff-centric trade policies, comes a little-noticed report indicating that China, our main economic competitor, isn’t doing so well after all.

While most of the media ignored it, The Wall Street Journal reported on a raft of bad economic news for China that likely explains why Beijing was so quick to end its currency manipulation a week ago after the president warned of further trade consequences.

Specifically, the WSJ noted that unemployment in China has spiked amid slowdowns in the country’s manufacturing sector and decreased consumer activity, all of which threaten the Asian giant’s 6-6.5 percent annual growth rate target:

Source: Wave of BAD economic data for China prove NeverTrumpers wrong: Tariffs are working

Huawei Covertly to Sell Smartphones in U.S. – The Washington Beacon – Bill Gertz

August 13, 2019 by · Leave a Comment 

China’s Huawei Technologies, the world’s No. 2 smartphone maker, covertly planned to sell its smartphones in the United States disguised as non-Huawei devices, according to U.S. officials.

U.S. intelligence agencies learned of the plans last month and alerted senior policymakers.

According to the officials, the Shenzhen, China-based company planned to ship a large number of its smartphones to Mexico where the smartphones would be re-labeled and shipped into the United States.

As non-Huawei devices, there would be no prohibition on selling them in the United States.

Source: Huawei Covertly to Sell Smartphones in U.S.

It’s Over: The Democrats And The Republicans Are Both Conspiring To Bankrupt America And Destroy Our Future – End Of The American Dream – Michael Snyder

July 23, 2019 by · Leave a Comment 

Both major political parties are working together to destroy America’s financial future, and most Americans don’t seem to care. Once upon a time, the Republicans were considered to be “the party of fiscal responsibility”, but now they are just as bad as the “free spending” Democrats. As you will see below, a “compromise” budget deal was just reached which will dramatically increase federal spending and will suspend the federal debt limit until after the next election. In other words, both sides are conspiring to make our debt problem much, much worse over the next year and a half, and this should be causing howls of outrage all across America. But instead most Americans seem content to go along with the free spending ways of our political leaders, and only a handful of voices are sounding the alarm as we steamroll toward financial oblivion.

So over the last 10 and a half years, we have added just under 11.4 trillion dollars to our mountain of debt. And when you break that down, that means that our politicians have been stealing more than 100 million dollars every single hour of every single day from future generations of Americans during the Trump/Obama era.

Unfortunately, things are about to get a lot worse. It is being projected that “non-discretionary spending” will dramatically rise as Baby Boomers retire in unprecedented numbers this decade, and as a result our national debt will hit 30 trillion dollars not too long from now. The following comes from a recent Forbes article…

Source: It’s Over: The Democrats And The Republicans Are Both Conspiring To Bankrupt America And Destroy Our Future – End Of The American Dream

Endless Government Free Money

July 23, 2019 by · Leave a Comment 

Politicians are all utopians. Promise the world and provide little. For the most extreme deceivers, they keep spending as if there was no tomorrow. And why not, they see to it that endless government free money is available to keep the credit bubble from exploding. As the latest round of raising the federal debt limit works its way through congress, the political class gears up for more government expansion and spending. The notion that paying for public programs seldom hit the radar screen. Low interest rates and a strong dollar have the United States the envy of the world. Yet, this bliss of funny money ignores fundamentals, awaiting a day of destruction.

Source: Endless Government Free Money

The Diminishing American Economy – PaulCraigRoberts.org

June 26, 2019 by · Leave a Comment 

Since June 2009 Americans have lived in the false reality of a recovered economy.  Various fake news and manipulated statistics have been used to create this false impression.  However, indicators that really count have not supported the false picture and were ignored.

For example, it is normal in a recovering or expanding economy for the labor force participation rate to rise as people enter the work force to take advantage of the job opportunities.  During the decade of the long recovery, from June 2009 through May 2019, the labor force participation rate consistently fell from 65.7 to 62.8 percent.  LINK

Another characteristic of a long expansion is high and rising business investment. However, American corporations have used their profits not for expansion, but to reduce their market capitalization by buying back their stock.  Moreover, many have gone further and borrowed money in order to repurchase their shares, thus indebting their companies as they reduced their capitalization!  That boards, executives, and shareholders chose to loot their own companies indicates that the executives and owners do not perceive an economy that warrants new investment. 

Source: The Diminishing American Economy – PaulCraigRoberts.org

Land Destroyer: Europe Has no Freedom But to Choose “Freedom Gas” – Tony Cartalucci

June 7, 2019 by · Leave a Comment 

The US Department of Energy (DOE) recently renamed US liquefied natural gas (LNG) exports “freedom gas.” But freedom for who? For Europe who already has a cheap and reliable source of natural gas, but is being forced to switch over to more expensive US gas under the threat of sanctions? Certainly not.

Or freedom for Russia who supplies Europe with much of its natural gas to compete openly and fairly with the United States? Most definitely not.

Or is it freedom from competition for the US? Yes, indeed.

It is often contradictory branding that heralds various chapters of US injustice at home (under the draconian “Patriot Act” for example) and abroad, such as during the illegal invasion and occupation of Iraq carried out under the dubious name of “Operation Iraqi Freedom.”

Source: Land Destroyer: Europe Has no Freedom But to Choose “Freedom Gas”

The Tariff Issue – PaulCraigRoberts.org

May 15, 2019 by · Leave a Comment 

Americans, as they always do, got sold a bill of goods called “globalism.”  Globalism is the deception used to destroy labor unions, deprive the American work force of middle class jobs, and strip them of their bargaining power.  It is also the deception used by transnational agri-business to drive self-sufficient third world peoples off their land and convert the country’s agriculture into the production of a mono-crop export commodity.

The evil done by globalism has taken a toll on both first and third worlds.  It is entirely the result of first world capitalist profit-maximizing.  It has nothing to do with China.  

China is being blamed not because its industry produces cheaper than our industry, but as a scapegoat to hide from view the fact that US global corporations alone are the cause of the lost American jobs.  

Source: The Tariff Issue – PaulCraigRoberts.org

Wealth Destruction for the 99.9 Percent

April 29, 2019 by · Leave a Comment 

Blaming the 1% for diminished prosperity avoids the real reasons for designed poverty. In round terms, the seven billion souls that populate this planet translate into seventy million to be part of the 1%. Well, that amount is still a very large number to blame for the systemic transfer of riches into the hands of the few. A far more relevant approach is to examine the .001% or around seven million that fall into the mover or shakers of asset and possessions. Before targeting this group of mega wealth, that figure includes a very significant number, who are non players when it comes to global politics or transnational finance.      

Read the entire article on the Totalitarian Collectivism archives

Vital: Google employees call for removal of rightwing thinktank leader from AI council | Veterans Today | Military Foreign Affairs Policy Journal for Clandestine Services

April 2, 2019 by · Leave a Comment 

A group of Google employees have called for the removal of a rightwing think tank leader from the company’s new artificial intelligence council, citing her anti-LGBT and anti-immigrant record.

‘Bias deep inside the code’: the problem with AI ‘ethics’ in Silicon Valley

Employees published a letter on Monday criticizing the appointment of Kay Coles James, president of the Heritage Foundation, to Google’s newly formed advisory council for “the responsible development of AI”.

Source: Vital: Google employees call for removal of rightwing thinktank leader from AI council | Veterans Today | Military Foreign Affairs Policy Journal for Clandestine Services

Asia Times | Boeing misstep a strategic opportunity for US | Article – SPENGLER

March 14, 2019 by · Leave a Comment 

I didn’t say that Boeing is arrogant. I said they have their noses in the air.

Jokes aside, l’Affaire Boeing is a watershed. President Trump is under pressure to circle the wagons around one of America’s flagship industrial companies, among other reasons because China will exploit the crisis to promote its new entry into the civil aircraft market. He should ignore the legions of industry lobbyists and their Hallelujah chorus at the Pentagon, and take the opportunity to clean out the swamp in America’s military industry.

By now the whole world knows what pilots and aerospace engineers have known all along: Boeing stuck big modern engines on a 1950s airframe design, which made the 737 Max inherently unstable, with a tendency to go nose up and stall. It used a software kluge to compensate but didn’t retrain pilots in the new aircraft in order to speed sales.

Source: Asia Times | Boeing misstep a strategic opportunity for US | Article

UK Furious After EU’s Tusk Says There Is “A Special Place In Hell” For Those Who Backed Brexit | Zero Hedge

February 6, 2019 by · Leave a Comment 

In a remark that provoked an outraged response in the British press, European Council President Donald Tusk lashed out at Brexiteers in Parliament (and all those who supported the ‘vote Leave’ campaign, saying he wonders what the “special place in hell” looks like for all those “who promoted Brexit” without “even the sketch of a plan” to see it through “safely”, according to RT.

Tusk uttered the remark during a press conference in Brussels alongside Irish Prime Minister Leo Varadkar, where Tusk reiterated the EU’s position that the Withdrawal Agreement will not be reopened, and said that he hopes Theresa May, who is expected to travel to Brussels later this week, comes with “realistic” expectations.

Source: UK Furious After EU’s Tusk Says There Is “A Special Place In Hell” For Those Who Backed Brexit | Zero Hedge

All The FANG Stocks Are Now In A Bear Market And Facebook Investors Have Already Lost 39 Percent Of Their Paper Wealth

November 20, 2018 by · Leave a Comment 

These large stock market declines are starting to become a regular thing, and tech stocks are getting hit particularly hard.  But we have been in a bull market for such a long time that many investors are having a difficult time comprehending what is happening.  Many just keep believing that their beloved tech stocks will eventually bounce back because they just can’t accept the fact that the party is over.  At this point, all of the “FANG stocks” have officially entered bear market territory.  Facebook is down 39.5 percent from their 52 week high, Amazon is down 25.4 percent, Netflix is down 35.6 percent and Google is down 20.3 percent.  And since many throw in Apple to make the acronym “FAANG”, we should also note that Apple’s stock price is now down more than 20 percent from the peak.  The tech stock crash that so many have been waiting for has arrived, and many analysts believe that it is going to get a whole lot worse.

The combined market value of Facebook, Amazon, Netflix and Google has fallen by 610 billion dollars so far.

Source: All The FANG Stocks Are Now In A Bear Market And Facebook Investors Have Already Lost 39 Percent Of Their Paper Wealth

Majority of Business Owners Support Increased Tariffs – American Free Press

August 26, 2018 by · Leave a Comment 

 

While the mainstream media continue to wail about how President Donald Trump’s application of tariffs on imports will only incite “trade wars” and could not possibly generate even a single shipping crate’s worth of benefits, an early-August UBS Investor Watch poll says otherwise.

According to the poll, 71% of business owners, from both small and large companies, support levying additional tariffs on Chinese goods. In addition, more than 70% of business owners have a positive one-year outlook on the state of the economy.

Source: Majority of Business Owners Support Increased Tariffs – American Free Press

Seattle Head Tax a Destructive Idea

May 16, 2018 by · Leave a Comment 

Another day, one more government outrage. The social Do-Gooders in Seattle approves business tax for homelessness. You can hear the cries for social justice all the way from the heart of the grunge ghetto.

“The Seattle City Council has approved a tax on large businesses such as Amazon and Starbucks to fight homelessness.

The council on Monday unanimously backed a compromise tax plan that will charge large businesses about $275 per full-time worker a year. It’s lower than the $500-per-worker tax initially proposed.

The tax would begin in 2019 and raise about $48 million a year to pay for affordable housing and homeless services.”

Read the entire article on the Merchantry archives

 

New York State Destroyer of Empires

March 6, 2018 by · Leave a Comment 

New York State was once the home of icon industries. General Electric in Schenectady, IBM in Binghamton, Kodak in Rochester and Bethlehem Steel in Buffalo were once major employers. Today such enterprises are a mere shadow of their past glory, shell companies or virtually out of business. Bad decisions and inflexible adaptations certainly had much to do with their demise. However, persistent negative and adverse government policies from Albany and the NYS financial cabal in New York City has pushed and allowed the de-industrialization of Upstate economies. Even harder hit are small businesses who have struggled for several decades to simply survive.

Read the entire article on the Merchantry archives

True Lies: The Financial Press Just Admitted the Markets are a Sham : The Corbett Report

January 21, 2018 by · Leave a Comment 

Take a recent story that bubbled up amid all the hype about the all-time record highs in the “What Could Possibly Go Wrong?” manipulated stock markets. You might have seen it. It was reported all over the usual MSM dinosaur fake news financial press outlets. Here’s the headline that the mother ship of the banksters’ fake news press, the Financial Times, ran with:

Source: True Lies: The Financial Press Just Admitted the Markets are a Sham : The Corbett Report

Small Business Tax Reform

January 9, 2018 by · Leave a Comment 

One aspect of the Republican Tax Reform that everyone can agree upon is that it is not perfect. Fox business reports in What tax reform really means for small businesses.

“Instead of lowering the tax rate on all pass-through businesses, the final bill allows pass-throughs to deduct up to 20% of income. But who can deduct how much depends on what type of business you run and a corresponding formula”.

Read the essay on the “Merchantry” archives

Cryptocurrency Mania and Blockchain Banking

December 31, 2017 by · Leave a Comment 

The never ending overdose of Bitcon coverage in the press and on social media would have one believe that the manna of financial subsistence is leading us all out of the wilderness. Whether this crypto circulation of a promise to pay is actually a currency is very much an open question. What we do know and can take to the bank is that it is not legal tender. In the globalists world of central banksters all money if fiat and species is relegated to a numismatic coin collection.

Read the essay on the “Merchantry” archives

7 Social Media Trends That Will Dominate 2018

December 28, 2017 by · Leave a Comment 

How do you plan on socializing next year? How do you plan on reaching your target audience, who will be socializing with each other, next year? By default, we underestimate how our lives will change in the future.

Source: 7 Social Media Trends That Will Dominate 2018

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