Asked what he did during the French Revolution, Abbe Sieyes replied, ‘I survived.’ Donald Trump can make the same boast. No other political figure has so dominated our discourse. And none, not Joe McCarthy in his heyday in the early ’50s, nor Richard Nixon in Watergate, received such intensive and intemperate coverage and commentary as has our 45th president. Whatever one may think of Trump, he is a leader and a fighter, not a quitter. How many politicians could have sustained the beatings Trump has taken, and remained as cocky and confident? And looking back on what may fairly be called The Year of Trump, his achievements have surprised even some of his enemies. With the U. S. military given a freer hand by Trump, a U. S.-led coalition helped expel ISIS from its twin capitals of Raqqa in Syria and Mosul in Iraq, driving it back into a desert enclave on the Iraq-Syria border. The caliphate is dead, and the caliph nowhere to be found. The economy, with the boot of Barack Obama off its neck, has been growing at 3 percent. The stock market has soared to record highs. Unemployment is down to 4 percent. And Trump and Congress just passed the largest tax cut since Ronald Reagan. With deregulation, which conservative Republicans preached to deaf ears in the Bush I and Bush II eras, Trump and those he has put into positions of power have exceeded expectations. Pipelines Obama blocked have been approved. Alaska’s National Wildlife Refuge has been opened to exploratory drilling. We have exited a Paris climate accord that favored China over the U. S.
This post was published at Zero Hedge on Fri, 12/29/2017 –.
According to the latest fake news from the US government and presstitute media, the US unemployment rate is the lowest in 17 years, but there is no growth in wages. What explains full, or overfull, employment without wage pressure? Obviously, the full employment figure is the orchestrated product of not counting the millions of discouraged workers who, unable to find a job, have ceased looking. If you are unemployed but not looking for a job, you are not counted as unemployed. As it is costly to look for a job, and after awhile looking becomes very depressing, the unemployed just disappear out of the government’s statistics. Will this fake news be something that google censors out of the Internet? Don’t bet your life that google hired 10,000 people to weed off the Internet the fake US employment reports. Who asked google to transform itself from search engine to gatekeeper? Is there a conspiracy here against the First Amendment? What are google’s qualifications for determining what is fake news and extremist views? Is what are we witnessing here the elite’s use of a private company to control explanations in behalf of the One Percent? How does a private company get to overrule the First Amendment of the US Constitution? Is this another example of the arrogance embodied in the trans-Atlantic and trans-Pacific partnerships that set up corporate tribunals to dictate environmental and other policy to sovereign governments? The elites and globalists are still determined to resurrect these agreements that destroy the sovereignty of peoples.
Editor’s Note: The future is predictable. The more you know what is about to be, the more you can plan accordingly. We want to help you prepare, but first we need to know what you need to know. Take our survey and tell us what we should produce next. At the end of this month, we’ll answer you with a video series addressing your top three concerns about geopolitics. Last week, Chinese central bank governor Zhou Xiaochuan penned a letter, published on the bank’s website, discussing problems in China’s financial sector. His letter focused on the private sector, where poor regulatory oversight has encouraged the creation of bubbles in areas such as online lending and real estate. It also discussed the uncertainty over where local government authority ends and central authority begins, citing this as a reason for the difficulty of managing the financial system. This coincides with recent central government efforts to better control outbound and inbound investment – efforts that have proven hard to enforce. Taken together, this shows that top government officials in China understand, and aren’t afraid to talk about, the problems in the financial system. But there are no simple solutions. Creating new committees and regulations is easy; pre-empting problems and enforcing changes are not. Of all the Chinese economy’s problems, none are more serious than those in its financial sector, because a failure of the financial system would hurt the entire economy. Firms starved of finances would shut down or slim down, creating unemployment and thus social instability. Instability in a tightly controlled country of 1.4 billion people is potentially catastrophic. To fight this threat, China last week did what it does – it created a new regulatory body, the Financial Stability and Development Commission, to regulate shadow banking, asset management, peer-to-peer Internet finance, and financial holding companies.
The problem with stagnant wages is our socio-economic system requires ever-higher incomes to function. One of the enduring mysteries for conventional economists is why wages aren’t rising for the bottom 95% even as unemployment is low and hiring remains robust. According to classical economics, the limited supply of available workers combined with strong demand for workers should push wages higher. Why have wages for the bottom 95% lost ground in an expanding economy?We can start our search for answers by looking at a chart of wages going back 44 years to the early 1970s. Note that the top 5% began pulling away in the 1980s, when financialization and globalization took off, and accelerated in the 1990s tech boom and the early 2000s housing bubble. The bottom 95% benefited from these booms, but at a much more modest level: wages for the bottom 95% almost returned to 0% gain as opposed to actual declines. But after the wheels fell off the bubble in 2008/09, the “recovery” since then has seen wages for the top 5% soar and the wages for the bottom 95% crater. (This chart is for males; the next chart reflects family income.)
For a time back in 2015, there were widespread concerns that the spike in terrorist attacks in Germany in the aftermath of Angela Merkel’s open door policy which admitted 1 million refugees in Germany from the middle east would lead to a popular wave of unrest, perhaps culminating with the unseating of Angela Merkel as Chancellor. It now appears that the Germans had more pressing concerns on their mind like… global warming. According to a new poll ahead of the German national election in September, Germans are more concerned about the future state of the environment than they are about more headline-grabbing topics like terrorism or the refugee crisis. The survey released on Tuesday conducted by research group Kantar Emnid Institute on behalf of publishing group Funke Mediengruppe found that 71% of respondents said they were personally more concerned about climate change. This worry ranked higher than the possibility of new wars, listed by 65% of survey participants, and also above terror attacks, listed by 63%. Crime was noted as a worry by 62% of the 1,000 participants surveyed, who were able to list more than one fear. But the most surprising finding is that less than half of those polled, or 45%, said they were anxious about the immigration of refugees into the country, while the lowest concern was unemployment 33% . Ironically, as the Local.de points out, while climate change was the biggest concern named by Germans, the topic doesn’t seem to be winning any more support for the environment-conscious Green party, which is currently polling at around 8% .
This post was published at Zero Hedge on Aug 2, 2017.
In recent months, I’ve toured the worst zip codes America has to offer. The rhyming factor in each zip code is deterioration post ‘American High’ (mid-1960s). This weekend, I’m bringing you a treat from West Baltimore, where the homicide rate is spiraling out of control. In some areas, it’s so bad that mobile police stations in 40 foot RV’s are patrolling the streets. Block after block, it resembles a post-apocalyptic view of America, if industry fails to return. We’ll save this story for later. On my travels from West Baltimore, I stumbled across a 200 year old mall called ‘Old Town Mall’. Established in 1818, the mall contains 64 stores, the majority of which are abandoned. The decay of the mall started in the post-world war era as Baltimore’s population peaked, then started to dwindle. The mall was briefly revived after the 1968 Baltimore Riots catering to a new demographic. The revival ended in the 1980s with high unemployment and population decrease wreaking havoc in Baltimore’s community.
This post was published at Zero Hedge on May 15, 2017.
Ever since the stunning 2016 election caught them off-guard, Democrats, who expected to quickly fall in-line behind their new leader Hillary Clinton, have been struggling to identify a new party leader or even a cohesive message to rally around. Meanwhile, in light of the sudden power vacuum and the fact that Bernie Sanders was clearly sabotaged during the primary process, the Democratic party, much like Republicans and the Freedom Caucus, seems to be splintering before our eyes with the more “progressive” elements of the party increasingly distancing themselves from the more moderate voices. And, as the in-fighting ramps up, it seems that Elizabeth Warren is quickly emerging as the leader of the far-left movement. In fact, she has become increasingly critical of President Obama in recent days with her most recent attack coming via an interview with the Guardian in which she suggested that Obama was disconnected from the woes of the working class people of the United States who are “getting kicked in the teeth” after 8 years of his rule. ‘I think President Obama, like many others in both parties, talk about a set of big national statistics that look shiny and great but increasingly have giant blind spots,’ she told the Guardian. ‘That GDP, unemployment, no longer reflect the lived experiences of most Americans. ‘And the lived experiences of most Americans is that they are being left behind in this economy. Worse than being left behind, they’re getting kicked in the teeth.’
This post was published at Zero Hedge on May 1, 2017.
‘Well, my hero failed to live up to his promises. He has feet of clay. So why should I care about his ideas? They’re unimportant. All I really wanted in the first place was a hero. That was the only dream that mattered.’ In past articles, I’ve praised Trump and criticized him. Here I want to make a few remarks about his best effects and the ripples that have spread from his words – but not necessarily from his present and future actions. Why do I make that distinction? Because I’m far more interested in the millions of people who decided to support Trump than I am in Trump himself. Those millions will carry freight in the years to come, here in the US and in other countries. If they turn passive, the so-called populist movement will die on the vine. Trump has raised the issue of Globalism as no other modern president has. Specifically, he’s spoken about the horrendous consequences of: shipping jobs overseas, throwing huge numbers of willing domestic workers on to unemployment lines; and failing to lay on tariffs when corporations who have gone overseas send their products back here for sale. He’s pointed to Globalist trade treaties as the source of this calamity, and he has killed the TPP treaty.
As Trump warned N. Korea, ‘armada’ headed to Australia (Reuters) Threat of Carrier Heading to Koreas Wasn’t All It Seemed (WSJ) Markets Start to Ponder the $13 Trillion Asset Gorilla in the Room (BBG) Investors’ Nightmare Scenario Takes Shape in French Election (WSJ) Venezuelan opposition to hold ‘mother of all marches’ against Maduro (Reuters) U. S. says Iran complies with nuke deal but orders review on lifting sanctions (Reuters) Ryan’s Best Hope to Avoid a Shutdown: Making Friends With Pelosi (BBG) Pence says working with allies to put pressure on North Korea (Reuters) Fox News Is Preparing to Cut Ties With Bill O’Reilly (WSJ) China gathers state-led consortium for Aramco IPO (Reuters) Le Pen Tries to Steer Far-Right Party Into Mainstream (WSJ) Ferrari Roars Back in China as Rich Snub Xi’s Austerity Push (BBG) U. S. states considering alternative execution methods face legal hurdles (Reuters) Homebuilders Could Be Losers in Early Test of Trump Trade Policy (BBG) Missing Billionaire Has Ties to China’s Military (WSJ) China sees higher risk of mass unemployment, pledges more support (Reuters) The Life of an Apple Supplier Is Getting Even Tougher (BBG) Barkindo says OPEC, non-OPEC committed to restore market stability (Reuters) Insurance Customers Will Have to Get Used to Talking to Machines (BBG) Overnight Media Digest WSJ – The Trump administration notified Congress on Tuesday that Iran is compliant with the landmark nuclear agreement reached in 2015, but also cast doubt on the United State’s continued support for the deal. – Fox News is preparing to cut ties with star anchor Bill O’Reilly, according to people close to the situation, after revelations that he and Fox parent 21st Century Fox settled multiple sexual harassment complaints led to an exodus of advertisers from his show and mounting pressure on the network.
This post was published at Zero Hedge on Apr 19, 2017.
Healthcare costs have continued to outpace inflation and just about everything else within the economy. Generally speaking, prices rise when demand increases relative to supply. The scheme of Obamacare was to force the youth to buy healthcare they did not need to pay for everyone else. The fines have been less than the costs so many of the youth just pay the fine. Forcing people to buy insurance to artificially lower the costs failed because healthcare is no different and has risen, not declined, with the false rise in demand. Additional forces have also been contributing namely political decisions from Obamacare, additional taxes, and increased regulations have combined to impact healthcare costs. There has also been the notorious increase in lawsuits which influence the cost of malpractice insurance for medical practitioners forcing costs to also rise. Congress would never introduce Tort Reform because there are too many lawyers who would see their big paydays vanish.
The leaders of the lower chambers of parliament of Germany, Italy, France, and Luxembourg have called for a European ‘Federal Union’ in an open letter published in Italian newspaper La Stampa on Sunday. *** In the letter, four representatives of EU governments – Claude Bartolone of the French National Assembly, Laura Boldrini of the Italian Chamber of Deputies, Norbert Lammert of the German Bundestag, and Mars Di Bartolomeo of the Luxembourg Chamber of Deputies – say that closer cooperation is essential for dealing with problems that no one EU state can tackle on its own, such as immigration, terrorism, and climate change. As RT notes, the letter’s authors also warn that the European integration project is currently more at risk than ever before, with high unemployment and immigration problems driving populist and nationalist movements. The EU must also come to grips with the fact that, last June, the United Kingdom decided to leave the union after holding a national referendum, aka Brexit, becoming the first member nation to opt out of the bloc. In less than a month, on March 17 next, we Presidents of the national parliaments of the EU we will meet in Rome, how will the representatives of governments, for the sixtieth anniversary of the Treaty from which it began: our Union. But it is plain for all that recurrence requires much more than just a historical commemoration. Birthday comes the most critical stage ever crossed by the European project.
This post was published at Zero Hedge on Feb 27, 2017.
The purge Inauguration Day 2017 #AddHistoryImproveAMovie — Morgan Goldberger (@MissJewBooty69) January 10, 2017
In case you haven’t seen the film The Purge, here’s a nice little summary of the plot via Wikipedia: In 2014, the New Founding Fathers of America, a far right political party inspired by the Founding Fathers of the United States, are voted into office following an economic collapse and pass the 28th Amendment which sanctions an annual national civic tradition called ‘The Purge’, the first of which takes place in 2017. The Purge occurs for 12 hours, from 7 p.m. March 21 to 7 a.m. March 22, during which all crime is legal and all police, fire, and medical emergency services remain unavailable. Restrictions prohibit government officials ‘ranking 10′ from being disturbed, as well as the use of all weapons above Class 4 (explosive devices such as grenades, rocket launchers, and bazookas). Violation of Purge rules results in a summary execution by hanging. The Purge has resulted in unemployment rates plummeting to 1%, low crime, and a strong economy. Considering the current state of our country under the likes of eight years of George W. Bush (see something say something, torture, war) and eight more years of Obama (economic collapse, more torture, more war, extrajudicial drone killings, and an orchestrated race war agenda), can you imagine what this kind of scenario would look like if it were to happen right here right now in real life?
Throughout recent years, the recovery meme, played across the mainstream media in the U. S. has provided endless support to President Obama’s approval ratings. During POTUS 2016 election, the said meme was used by Hillary Clinton to challenge the ‘things aren’t so great in America’ views of Bernie Sanders and, subsequently, the echoes of the same from Donald Trump. Since the election, the recovery story has been billed as the ‘strong economy’ legacy that President Obama will be leaving for his predecessor to mess with – the basis for setting up the incoming Trump Administration for any potential fall, should economic fortunes of the recovery were to falter. The central point of the U. S. recovery story – absent any appreciable growth in productivity, capital investment, and sectoral value added – was the only bright spot on the U. S. economic horizon: the labour markets. In fact, the U. S. headline unemployment figures have shown very strong gains, and jobs creation has been robust, with more recent data showing improvements (at long last) in households’ incomes. All of these indicators can and have been robustly challenged in terms of the extent to which they show true nature of improvements. However, they have been taken, predominantly, as read. Improvements are improvements, and gains are gains.
The following video was published by X22Report on Dec 20, 2016 GM, Fiat Chrysler they are closing 7 plants because of the slump in auto sales. This will put 10,000 workers out of work. Retail sales is a complete hoax, the US Government is using estimated data, because the real data will show that sales are much worse than they really are. Caterpillar post 48 consecutive months of declining retail sales. The experts that are reporting on the economy have gotten it wrong many times, should would be listening anymore. Unemployment claims is signalling the collapse of the economy, this indicator flashes red right before the system comes down. India’s demonetization efforts are not working, India is rapidly turning into a police state.
The 21st Century is inching ever closer towards chaos… and the time to get out of the big city is upon us. With economic conditions, growing crises, desperate populations looking to scratch by, and more hatred and division than at any previous point in American history, the city has become a dangerous and unruly setting – and finding yourseld in one that is falling apart could be the worst mistake you ever make. People are living in bigger urban zones than ever before… these megacities are the hotspots of global activity. But many are also proving to be the most dangerous place to be in a collapse. Crime is rampant, order is shaken and many people become willing to take advantage of the situation. Many areas are vulnerable to natural disasters, and have already lost control during past emergencies. In other places, widespread unemployment is simply taking its toll through increases in theft and violence. Whatever the reason, there are many places where things are falling apart, badly. As Wired reported, disaster is looming on a worldwide basis, but some are approaching total collapse, thanks to a storm of factors.
This post was published at shtfplan on December 12th, 2016.
Growing up in the 1960′s, I can still remember hearing and reading about Russian propaganda. While I am certain some of what the Western press reported was ‘spun’, even a 10-year-old could see through much of what Russia was trying to portray to its people. Fast forward to present day, we seem to have switched places. The current mainstream media reports defy nearly any and all logic on a daily basis. Reporting has obviously been very poor for many years and it really did not matter what the subject was. Economics, finance, geopolitics, home grown politics, it has not mattered, logic has been turned on its head. I could go through example after example but would now require a book …or more likely a ‘series’ of books. Using just one example to illustrate the lunacy, the U. S. now has 95 million OUT OF THE WORKFORCE and thus no longer counted as ‘unemployed’! Where is the logic here? Mainstream media reports it (under their breath) while cheerleading the lowest unemployment rate in decades. The White House and Wall Street both report ‘strong’ employment with glee. The fact remains, our true unemployment number as calculated back in the day of ‘Russian propaganda’ is somewhere around 20% … We just had an election here in the U. S. that I’ve dubbed as a rejection ‘fake news’, fake polls, fake values, fake everything. My first thought was ‘hooray for the rule of law’! What is truly disturbing (especially after the election), the House quietly passing a bill targeting ‘Russian propaganda’ websites .
This post was published at JSMineSet on December 5th, 2016.
Too late actually to compete in the 2012 Republican Presidential primaries, Donald Trump prepared in August of that year a TV ad to show how he would have been campaigning against Obama’s re-election if he were to have been running against him. *** Because the ad features (at 2:37) this headline, U. S. Unemployment Climbs to 8.3%, from the Chicago Tribune on 3 August 2012, it had to have been prepared after that date.
This post was published at Zero Hedge on Nov 25, 2016.
Editor’s Note: Everywhere we’re seeing the idea that one giant government dole managed from above is the solution to this… making everyone reliant on a global welfare state. It won’t work. Here’s why. An alarming new report from the United Nations is the latest in a litany of studies suggesting that the coming age of automation and workforces dominated by robots will be upon us much faster than previously thought. The U. N. now claims two-thirds of the human labor force in developing nations will be replaced by automation. The U. N. says a Universal Basic Income will be necessary as a stop-gap for the 75% of humans left without work. Anti-Media previously reported on predictions that half the American workforce could be replaced by automation within the next two decades. Another report’s statistics suggested automated software could fleece 1.7 million truckers of their jobs within a decade. The U. N.’s UNCTAD report notes that taken on a global scale, we’re seeing ‘premature deindustrialization.’
Despite controversies that rage over immigration, it is hard to see how anyone could be either for or against immigrants in general. First of all, there are no immigrants in general. Both in the present and in the past, some immigrant groups have made great contributions to American society, and others have contributed mainly to the welfare rolls and the prisons. Nor is this situation unique to the United States. The same has been true of Sweden and of other countries in Europe and elsewhere. Sweden was, for a long time, one of the most ethnically homogeneous countries in the world. As of 1940, only about one percent of the Swedish population were immigrants. Even as the proportion of immigrants increased over the years, as late as 1970 90 percent of foreign-born persons in Sweden had been born in other Scandinavian countries or in Western Europe. These immigrants were usually well-educated and often had higher labor force participation rates and lower unemployment rates than the native Swedes. That all began to change as the growing number of immigrants came increasingly from the Middle East, with Iraqis becoming the largest immigrant group in Sweden.
This post was published at Lew Rockwell on October 25, 2016.