Churlish NY Times Refuses to Credit Trump for Strong Economy: ‘Tax Cuts May Burn’

The economy’s vital signs are stronger than they have been in years. Companies are posting jobs faster than they can find workers to fill them. Incomes are rising. The stock market sets records seemingly every month.

The latest evidence of the revival came Friday, when the Labor Department reported that American employers added 228,000 jobs in November. The unemployment rate held steady at 4.1 percent, the lowest since 2000. Job growth has slowed since its peak in 2014 but remains remarkably steady: For the first time on record, employers have added jobs every month for more than sevcen years – 86 months to be precise.

….

That strength could also pose challenges, particularly in light of the $1.5 trillion tax cut that Congress could pass as early as this month. Economists expect the tax bill to provide at least a modest lift to the economy — but they are not sure that’s a good idea.

With unemployment so low and the economy fundamentally healthy, a tax cut could lead the economy to grow too quickly, pushing up inflation and forcing the Federal Reserve to raise interest rates faster than planned.

….

For now, however, the figures present a political opportunity for President Trump, who ran for office on a promise to revive the American economy.

Source Article from https://www.newsbusters.org/blogs/nb/clay-waters/2017/12/09/churlish-ny-times-refuses-credit-trump-strong-economy-tax-cuts-may

AP Blames ‘Booming Economy’ For Spike in West Coast Homelessness

You had to figure that the Associated Press would at some point finally recognize the existence of the nation’s “booming economy,” at least compared to the historically weak 7-1/2 years of post-recession malaise which preceded it.

Well, they’re finally doing it — and erroneously tagging it with sole blame for the fast-growing homelessness problem in the nation’s three West Coast states.

The wire service suddenly rediscovered homelessness in early November when it began a series on West Coast homelessness after a virtual national reporting blackout on the topic during the Obama era. Lo and behold, the “booming economy” put in its first appearance in an AP report in memory on November 8. The report by Janie Har featured a paragraph which directly and bitterly indicted certain of those who have shelter for the plight of those who don’t (bolds are mine throughout this post):

‘We still need to eat’: Tech boom creates working homeless

… Homeless advocates and city officials say it’s outrageous that in the shadow of a booming tech economy – where young millionaires dine on $15 wood-grilled avocado and think nothing of paying $1,000 for an iPhone X – thousands of families can’t afford a home. Many of the homeless work regular jobs, in some cases serving the very people whose sky-high net worth is the reason housing has become unaffordable for so many.

That’s an outrageous smear on the rich. The AP’s Har acknowledged the existence of another key factor in a later paragraph:

… along the West Coast … many cities and counties have seen a surge in the number of people living on the streets over the past two years. Counts taken earlier this year show 168,000 homeless people in California, Oregon and Washington – 20,000 more than were counted just two years ago.

The booming economy, fueled by the tech sector, and decades of under-building have led to an historic shortage of affordable housing. It has upended the stereotypical view of people out on the streets as unemployed: They are retail clerks, plumbers, janitors – even teachers – who go to work, sleep where they can and buy gym memberships for a place to shower.

Florida and Texas have booming economies too, and rich people there also live relatively luxurious lifestyles. Somehow, those states don’t have anything resembling the problem with homelessness seen in California, Oregon, and Washington. Why? Because homes and apartments are being built in those states. Har never explored why the three West Coast states have seen “decades of under-building.”

The “booming economy” put in another appearance in a November 9 AP item, again blaming it for homelessness:

Amid booming economy, homelessness soars on US West Coast

A homeless crisis of unprecedented proportions is rocking the West Coast, and its victims are being left behind by the very things that mark the region’s success: soaring housing costs, rock-bottom vacancy rates and a roaring economy that waits for no one. All along the coast, elected officials are scrambling for solutions.

Earlier this week, the U.S. Department of Housing and Urban Development released its Annual Homeless Assessment Report to Congress. Naturally, AP reporters Christopher Weber and Geoff Mulvihill brought up the “booming economy” in their Monday coverage, and blamed it for the West Coast’s homelessness problem. They also engaged in a bit of statistical sleight-of-hand which blurred the contrast between the West Coast and the rest of the nation:

Report: West Coast homeless crisis pushes US count higher

The nation’s homeless population increased this year for the first time since 2010, driven by a surge in the number of people living on the streets in Los Angeles and other West Coast cities.

Let’s stop there for a moment. The bolded assertion is horribly misleading. The actual point-in-time homelessness counts were done during the last week in January 2017. The vast majority of the increase the reporters cited occurred last year, not “this year.” Additionally, except for a very few days, the period covered by the government’s report coincided with the final year of Barack Obama’s presidency.

Continuing:

The U.S. Department of Housing and Urban Development released its annual Point in Time count Wednesday, a report that showed nearly 554,000 homeless people across the country during local tallies conducted in January. That figure is up nearly 1 percent from 2016.

… Increases are higher in several West Coast cities, where the explosion in homelessness has prompted at least 10 city and county governments to declare states of emergency since 2015.

City officials, homeless advocates and those living on the streets point to a main culprit: the region’s booming economy.

Excluding the Los Angeles region, total homelessness nationwide would have been down by about 1.5 percent compared with 2016.

The AP pair certainly was justified in concentrating much of their work on the dreadful situation in LA. The city has a breathtaking 10 percent of the entire U.S. homeless population; its rate of homelessness is now higher than former longtime leader New York City. 80 percent of LA’s homeless are unsheltered; only about 5 percent are unsheltered in Gotham. They weren’t justified in using LA’s situation to guilt-shame the rest of the nation. But they did, with the help of LA’s mayor:

Since last year, voters in the city and Los Angeles County have passed a pair of tax-boosting ballot initiatives to raise an expected $4.7 billion over the next decade for affordable housing and services for the homeless. HUD Secretary Ben Carson praised the region for dealing with the issue and not relying solely on the federal government.

“We need to move a little bit away from the concept that only the government can solve the problem,” he said.

But Mayor Eric Garcetti said that insufficient federal funding for affordable housing and anti-homelessness programs are part of the reason for the city’s current crisis.

That’s rubbish. Unfortunately, the 1.5 percent “other than LA” nationwide reduction cited by Weber and Mulvihill masked how relatively well the country is doing in addressing homelessness. Here’s how things look when all of the trouble spots — California, Oregon, Washington State, and New York City — are subtracted from the nationwide totals for the January 2017 and January 2016 counts:

HomelessUSlessWAORCA&NYC2016and2017

While the rest of the nation made decent headway in reducing homelessness last year, the three West Coast states and New York City, which has had a disproportionately high percentage of the nation’s homeless population for decades, saw significant increases.

The AP has very selective in when and where it will call the U.S. economy, or parts of it, “booming.”

On November 14, the wire service wouldn’t concede that Florida has a booming economy, even though employment in the state has increased by almost 200,000 in the past year and over 1.5 million (an increase of over 21 percent) since the Obama-era jobs recession ended in February 2010. When Governor Rick Scott made that reference to the Sunshine State’s economy in unveiling its next budget, reporter Gary Finest put the word “booming” in quotes.

As to why the three high-homelessness states have seen “decades of under-building”:

  • A look at the permitting process would almost certainly reveal that these states make it extraordinarily difficult to get permission to build.
  • All three have high degrees of taxation, regulation, over-strict building codes, and restrictive zoning.
  • The more recent under-building in California has another specific cause, as I noted in a column at another web site three years ago. Under Governor Jerry Brown, “the state in 2011 ‘ended special redevelopment assessments, which essentially brought affordable housing construction to a halt’ — with little apparent blowback from supposed “progressives” and the state’s media watchdogs — er, lapdogs.”

Finally, all three states have been indifferent or hostile to attracting and keeping the kind of middle-class jobs which used to be plentiful (think: logging in Washington and Oregon, and oil refineries in California).

<<< Please support MRC’s NewsBusters team with a tax-deductible contribution today. >>>

A column by Steve Lopez at the Los Angeles Times, of all places, which looked at why former Angelenos are migrating to Las Vegas, stated matters succinctly and in a manner which really applies to all three states: “Slowly, steadily, and somewhat indifferently, we are burdening, breaking and even exporting our middle class.”

Cross-posted at BizzyBlog.com.

Source Article from https://www.newsbusters.org/blogs/nb/tom-blumer/2017/12/06/ap-blames-booming-economy-spike-west-coast-homelessness

India’s economy back on track after year-long slowdown

Manufacturing was up seven percent compared to the same period in 2016, a sharp jump from the 1.2 percent growth the sector registered in the second quarter.

The stronger economic growth “indicates that perhaps the impact of two very significant structural reforms… is now behind us, and hopefully, in the coming quarters, we can look for an upwards trajectory,” India’s Finance Minister Arun Jaitley said after the data was released.

“I think the most significant aspect is the fact that this quarter’s positive result has been impacted significantly by the growth in manufacturing,” he added.

Three months ago the government revealed that economic expansion slid to just 5.7 percent from a high of 9.1 percent in the first three months of 2016.

READ MORE: Millions of Indians will have their taxes cut in half

The economic slowdown was blamed on Prime Minister Narendra Modi’s sudden decision to ban the country’s two most valuable rupee notes accounting at the time for 86 percent of India’s cash.

India was the world’s fastest-growing major economy at the end of 2016, with GDP expanding by seven percent. Some economists express doubts the government will be able to hit its target of seven percent growth this year or next.

Others claim that while India’s national tax overhaul continues to drag on growth, the economy appears to have shrugged off the effects of the cash ban.

“Growth will continue to accelerate over the coming quarters,” Shilan Shah, India economist at Capital Economics told CNNMoney.

“Recovery is underway,” said Priyanka Kishore, lead Asia economist at Oxford Economics. “Next year we should be looking at these headwinds turning into tailwinds for the economy.”

The International Monetary Fund said it expects India’s economy to recover to 7.2 percent growth this year and accelerate to 7.7 percent in 2018.

Source Article from https://www.rt.com/business/411545-india-economy-bounces-back/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Ukraine’s economy shrinks by 20% without access to Russian market

“The sum [lost] is about $15 billion,” said Ukraine’s Minister of Economic Development and Trade Stepan Kubiv on Thursday.

“In 2014, the annexation of the Crimea and the conflict in the east resulted in a 20 percent loss for the economy, seven percent of the territory,” Kubiv added. Moscow’s position is that an absolute majority of Crimean people voted for secession from Ukraine and re-joining Russia in a democratic referendum in 2014.

The current gross domestic product of Ukraine is $93 billion. Before the Maidan revolution at the end of 2013, the Ukrainian economy produced $183 billion.

According to Kubiv, in the last 27 years Ukraine has lost its industrial and scientific potential and now has outdated production equipment.

In 2016, the free trade zone between Ukraine and Russia ceased to operate within the CIS trade block. In addition, both countries imposed embargos on the import of some consumer goods. At the moment, Kiev has a free trade zone with the European Union.

Ukrainian exports to the EU grew by only three percent last year, and mutual trade increased by six percent. However, during the same period, according to Ukrainian statistics, exports to Russia plummeted by 25.6 percent, compared to the previous year.

Source Article from https://www.rt.com/business/411434-ukraine-russia-crisis-economy/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

How to Leave the 9-5 Job Behind for the Modern Economy

The 9-5 is on it’s way out.

You can’t ignore the facts. That traditional model of employment so many Americans sought in the past, is giving way to something new. Fueling that change: dissatisfaction, loss of opportunities, and stagnation. Each forces people and the economy to adapt.

The expectations people have for a job have changed as well.

People want more than just a job. Yet many large businesses and corporations act as stewards of traditional employment. They push the same model of employment on people, but with fewer benefits than in the past.

Job security?

Not likely. Finding security within one company is decreasingly viable. Many people now piece together full-time employment through multiple part-time jobs.

Health benefits?

Almost non-existent. These benefits used to attract employees. Now the government has created so much red tape, healthcare is a liability for companies. They try only to meet the minimum government standards.

What is left to expect from traditional employment?

Monday through Friday, eight hours a day, if not more, your life is given to a company. This, in exchange for moderate financial security and the privilege of spending two days each week as you see fit.

There is no room for taking an afternoon off to reconnect with friends. There is no option of working from an exciting space. And there are not many opportunities to grow as a person.

And people are no longer willing to accept this.

The statistics suggest how this situation drives people to a new kind of employment.

An estimated one in three Americans has given up on the traditional model of employment, opting instead to become freelancers.

The number of businesses that are considered sole proprietorships and home-based businesses is higher than ever before.

The way America views employment has changed.

So, the next question is…

How do you change with it?

Joining the Gig Economy

By 2020 experts believe nearly half of the American workforce will be employed within the gig economy.

What that means varies, but it boils down to one main thing: leaving behind a traditional job in favor of small jobs, or gigs.

People become freelancers, no longer tied to a company but self-employed professionals within an industry.

So how do you join?

Simply put, you find an area of work that is in line with your skill set and start building a client base. You can make almost anything into a freelance job.

And with so many opportunities available, the question is…

What do you enjoy doing?

Finding where you fit into the new market will take a bit of introspection.

But there’s freedom in knowing the choice solely lies with you. You are taking control of your financial freedom, instead of relying on institutions out of your control.

Just browse Craigslist or Freelancer to start seeing all the gigs available. You might be surprised by the range of skills people are looking for.

If you are feeling really adventurous, try to get one of the gigs. That is how you start. By experimenting. How do they respond? What can you do differently next time?

Adapting To Change

For all the freedom and control the gig economy offers, it is not without new challenges.

You can’t be content with work coming to you. You can’t wait out the clock for the end of the workday. Instead, you must take an active role in seeking out opportunities and income.

And while this may be a bit challenging to those just joining the market, with time and practice, it becomes much easier.

As you start…

There are many ways to market your talents and attract high paying clients.

There’s the standard route of building a portfolio and cold pitching potential clients. This takes time but overall leads you to the greatest possibility for success as you continue to develop your skills and land more clients.

Putting in the effort to collect and create an effective portfolio simply will not happen overnight, nor will mastering the perfect cold pitch.



If just a handful of our 600,000 monthly readers donated one dollar, I could easily crush my modest yearly fundraising goal of $10,000 by January 31 2018. If you value the information on this site and have the means, please consider making a donation below. Your support will help us expand, keep ads off the site and buy out any remaining advertising contracts we have with vendors. No contribution is too small and will undoubtedly go towards the many expenses this site incurs. If would like to learn more about our mission, please visit our manifesto here.

Thank you so much for your support,
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Source Article from http://govtslaves.info/2017/11/leave-9-5-job-behind-modern-economy/

The Economy Is One Big Scam And This Is Why



If just a handful of our 600,000 monthly readers donated one dollar, I could easily crush my modest yearly fundraising goal of $10,000 by January 31 2018. If you value the information on this site and have the means, please consider making a donation below. Your support will help us expand, keep ads off the site and buy out any remaining advertising contracts we have with vendors. No contribution is too small and will undoubtedly go towards the many expenses this site incurs. If would like to learn more about our mission, please visit our manifesto here.

Thank you so much for your support,
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Source Article from http://govtslaves.info/2017/11/economy-one-big-scam/

Why Silver & Gold Are Not Presently $728.00/Ounce & $5,996.00/Ounce Respectively: The Economy Is One Big Scam

 

Silver & Gold Supply & Demand Price Located Lower Right Corner. Click Here To Enlarge

US Debt Clock

You could wrap $1 bills around the Earth 79,922 times with the debt amount!

If you lay $1 bills on top of each other they would make a pile 2,242,204 km, or 1,393,241 miles high!

That’s equivalent to 5.83 trips to the Moon!

Gold/Silver And The Dollar Devaluation?

 

Convicted Soviet Spy Harry Dexter White
(left) and John Maynard Keynes (right)
at the Bretton Woods Conference conspiring Rothschild’s Private Federal Reserve 1913. ~ The Year Zionist Woodrow Wilson Violated The Constitution And Allowed Not The US To Control The USD But Rothschild]

  • Politicians spend more dollars (deeper into debt) buying votes and transferring wealth to their friends and owners.
  • Bankers increase their wealth and power.
  • Governments spend more dollars for wars and entitlements. They increase wealth and their influence over other countries.
  • Corporations borrow inexpensively to augment their wealth, power and bonuses.

President Jackson Killed The Rothschild Bank And The United States Flourished. President Jackson Also Survived An Assassination Attempt By The London Banking Mafia.

  1. I Killed The Bank ~ President Andrew Jackson

Woodrow Wilson Allowed Them Back In:

Franklin Roosevelt  Contained The Banks Via Glass Steagall Act => Prevented Banks From Making Risky Bets With The People’s Money:

Then Billy Clinton Reversed FDR’s Glass Steagall Act;

  1. Bill Clinton’s Financial House Of Horrors: Clinton’s Repeal Of FDR’s Glass Steagall Act

And Here We Sit:

Timothy Geithner Tax Dodger

  1. China Launching “Petroyuan” In Two Months
  2. Russia & China Using Gold To Pave The Way To Economic Independence
  3. South Korea’s Silver Hi-Tech Exports: Economy Grows At Fastest Rate In 7 Years
baby dance gif

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Related News:

  1. Orchestrated Hyperinflation Coming: Analysis By The Numbers.
  2. Billionaire Hedge Fund Pioneer Ray Dalio: Bitcoin Is A Bubble, Not A Currency…Not A Store Of Value
  3. Russia Buys 34 Tonnes Of Gold In September: Learn To Invest like the Russians They Already Dealt With Rothschild Deep State
  4. City Of London’s Cartel Banks Initiate CSPP ~ Hyperinflation Is The Intended Scheme ~ Antidote, Constitutional Physical Gold & Silver!

Source Article from https://politicalvelcraft.org/2017/11/21/why-silver-gold-are-not-presently-728-00-ounce-5996-00-ounce-respectively-the-economy-is-one-big-scam/

SLAVE ECONOMY: Instacart workers to strike over pay that can be as low as $1 per hour

PHOTO CREDIT: INSTACART.COM

Seated at a dimly-lit bar, a gregarious man dressed in a scarf and beanie reflecting his favorite local sports team, explained to Ars last week why he and some of his fellow Instacart shoppers plan on not working this Sunday and Monday.

“We’re going to sign up for shifts and then when it’s time, if I’m working from 10am to 1pm on [November 19], the first order, I’m going to decline it, not accept the batch,” he said, using Instacart’s term for multiple pickups at a single retail location. “They’ll kick us off and we’ll continue to do that until they kick us off [for the day].”

The man, who goes by Ike, declined to let Ars use his full name for fear of reprisal—he also doesn’t want unwanted scrutiny from his colleagues at his full-time public sector job.

Instacart, which was founded in 2013 and has raised over $674 million in venture capital, lets customers purchase groceries online (at a markup) so “shoppers” can purchase the items directly in-store and then deliver them. Like other so-called “gig economy” startups like Uber, Lyft, DoorDash, and more, Instacart relies heavily on part-time or contract labor.

The San Francisco startup has been sued multiple times in recent years over what some workers say are notably inadequate wages. Instacart has agreed to pay at least several million dollars to settle the lawsuits, which will result in a typical settlement payout of a few hundred dollars per worker. The attorneys who brought the lawsuits, by contrast, stand to make millions.

The company only has about 300 full-time employees (almost entirely based at corporate headquarters), but it has hundreds of thousands of part-time, in-store shoppers; independent contractor itinerant shoppers; and contractor delivery-only workers across 154 cities nationwide.

Ike has only been a shopper for a few months, but he’s frustrated by what he’s learned from his colleagues on a closed Facebook group, which serves as an online water cooler for over 5,300 Instacart shoppers. To help report this story, Ars was invited to join this Facebook group.



If just a handful of our 600,000 monthly readers donated one dollar, I could easily crush my modest yearly fundraising goal of $10,000 by January 31 2018. If you value the information on this site and have the means, please consider making a donation below. Your support will help us expand, keep ads off the site and buy out any remaining advertising contracts we have with vendors. No contribution is too small and will undoubtedly go towards the many expenses this site incurs. If would like to learn more about our mission, please visit our manifesto here.

Thank you so much for your support,
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Source Article from http://govtslaves.info/2017/11/slave-economy-instacart-workers-strike-pay-can-low-1-per-hour/

India to become world’s third-largest economy by 2028

According to the report, the country has already overtaken Brazil and Russia becoming the second biggest BRICS economy after China. It is also projected to pass France and the UK as the world’s fifth largest economy behind Germany by 2019.

“We see India crossing Germany and Japan in nominal GDP in dollar terms by 2028. This assumes the Indian economy grows at ten percent (in nominal US GDP) in the next decade, well ahead of Japan’s 1.6 percent,” said the report.

It has outlined three key drivers which will help India stand among the large emerging economies. Those are falling dependency ratios, financial maturity, as well as increasing incomes and affordability.

It would be difficult for India to “replicate South Korea’s export-driven industrialization as its dependence on oil imports implies Delhi cannot depreciate its currency,” said the report.

It added that services have “climbed by ten percent to almost 70 percent of world GDP in the past 20 years. Not surprisingly, they have emerged as a key driver of India’s growth as well.”

READ MORE:India’s economy won’t lose steam for now, predicts UN study

A recent report by the International Monetary Fund (IMF) has also projected India’s outstanding growth. It said the country will overtake Germany in 2022 as the world’s fourth-largest economy and will push its former colonial ruler UK out of the five top economies this year.

The IMF Managing Director Christine Lagarde said there was much potential, calling India a “bright spot.”

Source Article from https://www.rt.com/business/409826-india-third-largest-economy/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Four Undeniable Signs That the American Economy Is Collapsing

Four Undeniable Signs That the American Economy Is Collapsing

 

The economic collapse of the United States is underway.

There are four unmistakable signs that the American economy is in the midst of collapse”

  1. “Hooverville tent cities are appearing across the western United States.
  2.  The American banking empire is showing clear signs of impending collapse.
  3.  Key members of the elite are behaving like the elite of 1929 with regard to the Stock Market.
  4.  In a stunning development, the key members of the Federal Reserve are actually abandoing the dollar in facor of cryptocurrency.

A blind man who is paying attention could tell you that all the indicators are there with regard to the fact that an economic collapse is at hand. Let’s begin with the subtle signs which parallel the Great Depression.

We know that the make-shift tent cities emerged in great number during the Depression. They were often referred to as “Hoovervilles” in honor of the bumbling President that did everything wrong when the economic crisis first hit the country. Well, today in America, tent cities are appearing all over the western United States. In Seattle, for example, we are witnessing the proliferation of many high tech companies moving their headquarters to the city where the average home now costs over $700,000 and even rental apartments are reaching correpsonding highs as well. Subsequently there are many working people living in these cities.

Another set of chest pains before the heart attack are appearing in the economic sector in which Iran and China are embracing Bitcoin and other cryptocurrencies. This says a number of things. First, this is an admission that there is not enough gold in the world to cover the gold-for-oil scheme that has replaced the Petrodollar with regard to the purchase of oil (Editors Note: What is going to happen to the price of gold?). Secondly, the world is running from the dollar and this should signal that even your bank account is in dire trouble. Here is a brief summary of this developing scenario.

 

What does Jeff Bezos know that the rest of us should? Bezos actions signal that a major economic crash is likely. What did he do? To put it succinctly, his actions parallel what JFK’s father did just prior to the collapse of the Stock Market in 1929. This is yet another dire development in an already failed economy.

These factors represent a number of indicators which tells us that an economic collapse is at hand, but none so big as the actions of the Federal Reserve as it is acting against the best interest of the Petrodollar. The end is near for the dollar (see below).

As bad as these three developments are with regard to the solvency of the American economy, they pale in comparison to the key members of the Federal Reserve are doing with their oil interests which are interlocked with the Federal Reserve and ultimately the fate of the dollar. Please note, that would be the the same dollar that resides in your bank account.

It is an indisputable fact that big oil and big banking are interlocked to a high degree. In other words, big oil owns big banking and conversely, big banking owns big oil.

From the public document, “10K Filings of Fortune 500 Corporations to SEC. 3-91“, the Four Horsemen of Banking (ie Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) owns the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco) and the interlocking list can be expanded to Deutsche Bank, BNP, Barclays and other EU “old money” behemoth banks.

The domination of these banks, according to company 10K filings to the Security and Exhange Commission, the Four Horsemen of Banking, are the top ten stock holders every Fortune 500 corporation. Additionally, these same banks own and control the majority of the ownership of the Federal Reserve system. Please allow me to bootstrap this relationship one step further. Since the birth of the Petrodollar in 1944, the health of the dollar (ie the Federal Reserve) has been tied to the Petrodollar. Therefore, the health of the banking system, ultimately the dollar and economy itself (ie the Fortune 500 companies) owe their financial health to the Petrodollar. If the Petrodollar collapses, then we will witness the wholesale collapse of the Fortune 500 including the retail sector, which is already happening.

The Petrodollar has been under attack since the rise of the BRIC nations which abandoned the Petrodollar, in which a nation must first buy Federal Reserve Notes before purchasing oil. Iran was the first to thumb their nose at the Federal Reserve, and live to tell about it, when they sold their oil to Russia for gold. Very quickly, China, Brazil and India followed suit and began to convert their purchasing of oil away from the dollar in favor of gold.

Many economists agree that the only reason that the  petrodollar, which gives our currency the only backing it enjoys, has not failed is because the central banking cartel has infused loaned capital into the American stockmarket as well as the money supply. When the loans slow down or terminate, the economy will sink faster than a submarine with screen doors.

As previously mentioned, the Federal Reserve has propped up its sinking position with the dollar because the world is running from the Petrodollar. The net effect is that the dollar is being kept artificially afloat through loaned capital. So, how do the banks protect themselves? They buy gold as a hedge against the coming collapse. However, the collapse is of such a magnitude, due to the estimated $2.5 quadrillion credit swap derivatives debt, that there is simply not enough gold to cover the coming plunge. Therefore, if the Fed and in reality, the Fortune 500 corporations are to remain afloat, they need help from somewhere else.

Along the lines of America’s impending financial collapse, you will not believe what Reuters, a globalist mouthpiece, is reporting,  Reuters has published an account that BP, Shell and Statoil have joined forces to work on the development of a blockchain-based energy commodity trading platform, along with three large commodity traders which includes the very large Gunvor, Koch Supply & Trading, and Mercuria.

Reuters is further reporting that the blockchain platform has leveraged financial backing from Dutch ABN Amro, ING, and French Societe Generale. The roll out should occur, according the Reuters by the end of 2018. Mercuria, which formed a business partnership with ING and Societe Generale, announced it was preparing the first oil trade using blockchain technology.

This announced deal is not some “pie-in-the-sky an a  next year maybe thing”. There has already been activity in this novel arena. Specifically, the  trade involved an African crude shipment to Mercuria shareholder ChemChina. Further, this beta test was announced at the Davos World Economic Forum.

In fact, Mercuria’s CEO, Marco Dunnand was quoted as saying, “The energy industry will have to digitalize more and more in oil production, refining, shipping. So traders will also have to participate.”

Less than 30 days later, Mercuria reported that the beta test that used its prototype Easy Trading Connect platform to sell the African crude cargo three times on its way to China, was wildly successful. The transactions involved every facet of the deal ranging from the buyer and the seller, an agent, and an inspector, all of whom took part in the deal via the platform. Therefore, it would be a mistake to not believe that this a viable alternative to the Petrodollar.

The problem is, for you specifically, is that these energy companies may survive by using a combination of gold reserves and cryptocurrency, but YOU are going to be left holding the bag if you insist on remaining in the dollar. If you doubt the accuracy of these conclusions, take a look at a senior ING executive said in February of 2017 following the successful test trade with the Mercuria shipment, “The commodity finance industry is hampered by nature by inefficiencies and outdated procedures. By applying blockchain technology, we expect that we can eliminate a lot of these, making the overall process faster and more cost effective and the tests we have been able to carry out have proved this.”

If you are unwillling to adjust and begin to embrace gathering what gold and cryptocurrency that you can hold, you should be asking yourself, “What kind of a tent will you be living in”?

Oh, did I mention that World War III is here as well.

 

 

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From the Hagmann blood sugar protocol to the Hodges joint protocol, Dr. Broer has helped hundreds of thousands of people. There is something for everybody at Healthmasters.com. Take 5% off the cost of your order with coupon code DAVE5

From the Hagmann blood sugar protocol to the Hodges joint protocol, Dr. Broer has helped hundreds of thousands of people. There is something for everybody at Healthmasters.com.  FOR COMMON SENSE SHOW LISTENERS, YOU CAN TAKE 5% OFF OF ALL ORDERS FROM HEALTHMASTERS.  ACT NOW, THIS IS A VERY LIMITED TIME OFFER. USE THE COUPON CODE “5HODGES”

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