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Latest Articles: Business/Finance
Economic Effect of Coronavirus Could Be Revolutionary
Post Date: 2020-03-15 20:02:23 by Ada
1 Comments
Coronavirus and globalism will teach us vital lessons. The question is whether we can learn vital lessons that do not serve the ruling interest groups and ideologies. Coronavirus will teach us that a country without free national health care is severely handicapped. Millions of Americans live paycheck to paycheck. They cannot afford health care premiums, deductions, and copays. Millions have no insurance. This means millions of people infected with coronavirus who cannot get medical help. The morbidity from this is intolerable in any society. Shutdowns associated with efforts to contain the spread of coronavirus will deny income to millions of Americans who live paycheck to paycheck. ...
'Grotesque Level of Greed': Owned by World's Richest Man Jeff Bezos, Whole Foods Wants Workers to Pay for Colleagues' Sick Leave During Coronavirus Pandemic
Post Date: 2020-03-15 08:47:11 by Anthem
2 Comments
A general view of people shopping in the egg and dairy case on March 13, 2020 at Whole Foods Market in Vauxhall, New Jersey. (Photo: Rich Graessle/Icon Sportswire via Getty Images)When progressives like Sen. Bernie Sanders say "now is the time for solidarity" amid the coronavirus outbreak, they likely do not mean that employees of Whole Foods—owned by the world's richest man, Jeff Bezos—should be asked to give their own accrued paid sick days to their co-workers who have either contracted the deadly virus or been forced to take time out of work because of what is now a global pandemic. But that is exactly what executives with the grocery chain are asking its ...
Our Neo-Feudal System Is on the Verge of Collapse
Post Date: 2020-03-15 08:44:44 by Ada
2 Comments
Public Banking Institute Podcast Michael Hudson: [00:00:00] There’s recognition that commercial banking has become dysfunctional and that most loans by commercial banks are either against assets – in which case the lending inflates the prices of real estate, stocks and bonds – or for corporate takeover loans. The economy’s low-income brackets have not been helped by today’s financial system. Here in New York City, red lining and a visceral class hatred by high finance toward the poor characterized the major banks. From the very top to the bottom, they were very clear they were not going to lend to places with racial minorities like the Lower East Side. The Chase ...
Mnuchin floats suspending student loan payments as part of pandemic economic response
Post Date: 2020-03-14 20:29:44 by BTP Holdings
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Mnuchin floats suspending student loan payments as part of pandemic economic response by Jay Heflin | March 13, 2020 09:32 AM Treasury Secretary Steven Mnuchin said Friday that the administration is considering a three-month suspension for student loan payments to help shore up the economy as it is hit by the fallout from the coronavirus pandemic. "I can tell you that's on our list of 50 different items we're bringing to the president for a decision. So that will be something we're looking at," Mnuchin told CNBC. The proposal would only suspend payments on what students owe. It would not reduce the amount owed. Aggregate student debt exceeds $1.6 trillion, ...
Your 12-Point ‘Great Depression II’ Survival Guide
Post Date: 2020-03-14 15:15:34 by BTP Holdings
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Your 12-Point ‘Great Depression II’ Survival Guide March 14, 2020 151 Authored by MN Gordon via EconomicPrism.com, Bull Market RIP And just like that – after a magnificent 11 year run – the bull market in U.S. stocks is dead. From its peak close of 29,551 on February 12 through yesterday’s [Thursday] close of 21,200, the Dow Jones Industrial Average (DJIA) has dropped over 28 percent – in just 30 days! RIP. Death may mark the end. The completion of the circle of life. But it also marks the beginning of something new. The death of the bull market, for example, marks the birth of a new bear market. By our estimation, the DJIA must fall an additional 30 ...
Economic Positioning Almost Complete, The Countdown Begins - Episode 2121a
Post Date: 2020-03-14 13:58:07 by BTP Holdings
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Get economic collapse news throughout the day visit x22report.com Report date:03.13.2020 What we have been witnessing is the greatest transfer of wealth of the [Elite], Think Soros and others, watch the market, tick tock. The [CB] is now completely exposed. Trump and the patriots are now moving very quickly on transitioning the economy, the new economic system is almost complete. Right on schedule Trump points the finger at the Fed, lower rates and more stimulus.
Capitalism Is the Disease
Post Date: 2020-03-14 10:00:41 by Ada
1 Comments
The federal reserve recently announced a $1.5 trillion dollar coronavirus “stimulus” package, $500 billion of which will go to incentivize banks to keep lending. Another maneuver, cutting Federal Reserve interest rates from an already low amount to effectively 0%, means big banks will be handed the equivalent of interest-free cash under the assumption that they will keep America’s heavily in-debted corporations afloat. But where is the evidence that bank bailouts do that? It took a decade for the 2008 bank bailouts to finally “work” – as in put sufficient numbers of people back to work. A more pressing question is why do ordinary people need to pay interest ...
How to Crush a Bankers’ Dictatorship: A Lesson From 1933
Post Date: 2020-03-13 22:01:35 by albatros
8 Comments
The western media has been hit with warnings of “financial Armageddon” and the need for a “global hegemonic synthetic currency” to replace the collapsing US dollar under a new system of green finance. These statements have been made by former and current Bank of England Governors Mark Carney and Mervyn King respectively and should not be ignored as the world sits atop the largest financial bubble in human history reminiscent of the 1929 bubble that was triggered on black Friday in the USA which unleashed a great depression across Europe and America. While I’m not arguing that a systemic change is not vital to protect people from the effects of a general meltdown of ...
Trump Is Getting Ready To Shift The Economy, Watch The 17th - Episode 2119a
Post Date: 2020-03-12 14:15:01 by BTP Holdings
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Get economic collapse news throughout the day visit x22report.com Report date: 03.11.2020 The [CB] around the world are cutting their rates, the Fed already did an emergency rate cut. Trump is waiting for the right movement and that moment is approaching. The Fed is going to have a meeting on 17th, everything will start to change. Trump has now made the US economy stronger than ever.
And the Winner is? Deflation.
Post Date: 2020-03-11 20:25:22 by Ada
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Back in August I penned a post called, “The Battle of the ‘Flations Has Begun.” With an historic 2000 point drop in the Dow Jones Industrials on Monday in response to Saudi Arabia and Russia declaring an oil price war on, well, everyone it’s clear that one of the two ‘flations, deflation, has won out. In retrospect the timing out that post was pretty good, because just a few weeks later the repo markets seized up, SOFR zoomed to an all-time high of more than 10% and the Fed was awoken from its slumber to begin intervening to keep markets from collapsing. It initiated a reflation trade based on the hope that the Fed just being there was all that was needed to ...
Putin Is Betting that US Shale Is On Its Last Legs, that He Can Knock It Out by Crashing the Oil Price
Post Date: 2020-03-11 10:53:57 by Ada
3 Comments
Putin's crude revenge. Last week, OPEC called on Russian oil companies to lower production in response to reduced demand from China and a Eurozone bound for recession. They said no. Just like that, oil took a nosedive, losing 25% of its value on Monday. The price of a barrel of oil closed at $33 dollars, compared to $45 late last week. For the last decade, America's rise as an oil exporting power thanks to the expensive shale exploiting process has allowed neocons to cripple the economies of Venezuela, Iran and Russia. Cheap gas is a welcome perk that has kept many working families afloat, but it is only a side effect of a broader geopolitical attack on countries Jews that own ...
Wait Time Is Over, Trump Makes His Move On The Economy, Watch The News - Episode 2118a
Post Date: 2020-03-10 20:28:03 by BTP Holdings
5 Comments
Get economic collapse news throughout the day visit x22report.com Report date: 03.10.2020 Wait time is over, Trump is now pushing his economic policies forward, timing is everything. Trump is now proposing, stimulus, tax cuts, this is all part of the plan, watch the news the economy is about to take off. Right on schedule Trump attacks the Fed again, calling out the Fed, that the Fed is a follower not a leader, boom!!
Neocon Vulture Capitalist Paul Singer Buying Up Twitter Stock to Oust CEO Jack Dorsey: Report
Post Date: 2020-03-10 15:55:29 by Anthem
2 Comments
Vulture Capitalist Paul Singer, a major pro-Israel donor who pushed the GOP to embrace the LGBT agenda and funded the notorious Steele dossier, is reportedly buying up shares of Twitter stock in order to oust CEO Jack Dorsey. From Bloomberg, "Singer’s Elliott Seeks to Replace Twitter CEO Dorsey":Activist investor Elliott Management Corp. has taken a sizable stake in Twitter Inc. and plans to push for changes at the social media company, including replacing Chief Executive Officer Jack Dorsey, according to people familiar with the matter. The New York-based firm has nominated four directors to Twitter’s board, said the people, who asked to not be identified because the ...
Oil Prices Crash 26% As Oil War Begins
Post Date: 2020-03-08 23:00:21 by Anthem
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Russia has just sparked what may end up being among the ugliest oil price wars in recent history. And Saudi Arabia is firing back. As the two oil superpowers face-off, American oil companies may end up as the biggest victims. Russian President Vladimir Putin announced on Sunday that present oil prices were sustainable for the Russian economy. Adding that Russia had the tools to react to any adverse results of the spread of the coronavirus on the global financial climate. "I want to stress that for the Russian budget, for our economy, the current oil prices level is acceptable," Putin explained in a meeting with Russian energy officials. Now some oil analysts are anticipating ...
The Creature from Jekyll Island
Post Date: 2020-03-07 09:49:09 by BTP Holdings
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Timing Is Everything, What Does An Economic Transition Look Like? - Episode 2114
Post Date: 2020-03-06 07:16:51 by BTP Holdings
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Urgent Market Update: Currency Oblivion Coming (Coronavirus impact on markets)
Post Date: 2020-03-05 20:47:49 by Pinguinite
2 Comments
Mike examines the recent past and current activities of the Fed and Gov in response to the coronavirus and what that means for the markets. His future scenario assumes the virus will spiral out of control throughout most of the world.
Assange ‘Show’ Hearing Comes to an End, Along with Western Democracy
Post Date: 2020-03-03 08:08:34 by Ada
3 Comments
We have reached a pivotal moment in history, when a journalist is prosecuted for speaking the truth, and nobody cares… Julian Assange’s extradition hearing came to an end on Thursday; a trial which, according to his supporters bears all the hallmarks of a ‘show trial’ straight from the pages of a Kafka novel. The former Wikileaks editor, has already served around 13 years in arbitrary detention, despite not having been charged with any crime. If there was ever any confirmation of the helplessness of the individual in relation to the state, this was it. And if there was ever any demonstration needed that the West is moving away from democracy towards authoritarianism, ...
[CB]’s React To Markets, Trump Does What He Does Best, Goes After The Fed - Episode 2111a
Post Date: 2020-03-03 01:23:47 by BTP Holdings
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Get economic collapse news throughout the day visit x22report.com Report date: 03.02.2020 The [CB] are now reacting to the markets, not in the way you would expect them to react. The markets have been declining for the past couple of days and today we see a bounce back of the markets. Does this mean the [CB] is finished, remember the news can push markets in either direction. Trump is on right on schedule, he tweets out about the Fed on how they are need to cut rates. Poster Comment:END THE FED NOW!
Coronavirus Paralyzes Global Credit Market As New Issuance Crashes To Zero
Post Date: 2020-03-01 08:21:10 by BTP Holdings
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Coronavirus Paralyzes Global Credit Market As New Issuance Crashes To Zero February 28, 2020 298 In the early days, when virtually nobody paid attention to the coronavirus pandemic which China was doing everything in its power to cover up, markets were not only predictably ignoring the potential global plague – after all central banks can always print more money, or is that antibodies – but until last week, were hitting all time highs. All that changed when it became apparent that for all its data manipulation, China was simply unable to reboot its economy as hundreds of millions of workers refused to believe the government had the viral plague under control, starting a ...
Why Institutions Are Important in Economics
Post Date: 2020-02-29 17:25:58 by BTP Holdings
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Why Institutions Are Important in Economics By Fred Bauer February 25, 2020 6:30 AM (Mike Segar/Reuters) They promote and embody knowledge, practices, and norms that don’t show up in statistics. Institutions matter. In his latest book, A Time to Build, Yuval Levin outlines the importance of institutions for providing cultural structure. He offers a handy definition of institutions: “the durable forms of our common life. They are the frameworks and structures that we do together.” According to Levin, many of these institutions have withered, which has led to increased social turmoil and political anxiety. Various non-state institutions help ensure a diffusion of ...
Ex-Fed Gov Warsh sees coordinated global central bank action soon in response to coronavirus
Post Date: 2020-02-28 09:55:12 by Ada
1 Comments
Former Fed Governor Kevin Warsh sees coordinated global central bank action soon in response to the coronavirus spread. He said the Fed should issue a statement Sunday night before markets open. Traders are pricing in four rate cuts this year, even though Fed officials have said they are comfortable with currency policy. Former Fed Governor Warsh: Fed should coordinate with global central banks Former Federal Reserve Governor Kevin Warsh said Friday he expects the Fed and other central banks around the world to act soon in response to the coronavirus outbreak. Warsh, occasionally rumored to be a candidate for Fed chairman after Jerome Powell’s term expires, spoke Friday morning ...
There Is A Silent War Countdown, [T -2] & Counting, Fire At Will Sir - Episode 2107b
Post Date: 2020-02-27 12:31:30 by BTP Holdings
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Join the X22 Report On Steemit: steemit.com/@x22report Get economic collapse news throughout the day visit x22report.com Report date: 02.26.2020 The [DS]/D's are pushing the latest Coronavirus event, they are all in. Trump sent a message, the market went up. The game has just begun. Trump is now suing the NYT, libel laws, end of MSM. Q dropped more bread, and there seems to be a silent war countdown happening, we are now at [T -2] and counting.
South Carolina: Gobs of jobs, but not enough offer living wage
Post Date: 2020-02-27 11:36:29 by Ada
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As the Democratic presidential candidates take to the stage for Tuesday night's debate in South Carolina, they'll be speaking in a state with the nation's lowest unemployment rate — 2.3%, tied with Utah and Vermont. But that rosy number obscures a harsher reality for many South Carolina workers: While they are employed, their low wages make it hard to pay for housing and other basics. Indeed, the state's median household income — about $52,300 last year — ranks only 42nd among all U.S. states, according to the latest Census data. The pressures on working families in South Carolina comes as President Donald Trump touts the nation's 50-year low in ...
Is Wall Street Behind the Delay in Declaring the Coronavirus Outbreak a “Pandemic”?
Post Date: 2020-02-27 08:38:21 by Ada
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A little known specialized bond created in 2017 by the World Bank may hold the answer as to why U.S. and global health authorities have declined to label the global spread of the novel coronavirus a “pandemic.” Those bonds, now often referred to as “pandemic bonds,” were ostensibly intended to transfer the risk of potential pandemics in low-income nations to financial markets. Yet, in light of the growing coronavirus outbreak, the investors who purchased those products could lose millions if global health authorities were to use that label in relation to the surge in global coronavirus cases. On Tuesday, federal health officials at the Center for Disease Control and ...
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