US avoided a D-DAY (10/11/2016)
My wife and my daughter had a trip to North Europe from 9/23 to 10/2. I think it was arranged by the feds(FBI and DEA). To my experience, it used to be arranged with murder plot. (Both on me and my relatives) Also if the murder plot had been successful, there would be big events taking place to distract public's attention from a small killing case in California. On 6/11/2001, they used the execution of McVeigh as distraction.
So when on 9/25 there was a warning of D-day (9/30) - two days before my wife's returning, I naturaly thought of that could be the distraction of the plot. I wrote about it in #923 on 9/25.
Friday, September 30th, 2016:
D-DAY
FOR THE U.S DOLLAR
On Friday, September 30th...
a new kind of "world money" goes live.
The D-DAY big financial collapse didn't happen because the Feds failed to murder me at that time. I still would say my perspective is very correct.
Two news prove it.
1. Financial Hell might break loose tomorrow. Congress OVER-RIDES Obama Veto of Saudi Arabia Lawsuit Bill! Saudis may retaliate by pulling Billions out of Markets and Billions more out of Banks.
Post by Newsroom - Sep 28, 2016
Saudi Arabia made clear that if this Bill was passed, it would withdraw what they claimed would be seven-hundred and fifty BILLION dollars of assets that the Kingdom has in the United States, so as to protect those assets from being seized under the lawsuit provisions.
https://www.superstation95.com/index.php/business/2126
2. U.S. Congress passes funding bill; averts government shutdown
Reuters September 28, 2016
WASHINGTON (Reuters) - The U.S. Congress on Wednesday overwhelmingly approved and sent to President Barack Obama legislation preventing government shutdowns at the end of this week by temporarily funding federal agencies through Dec. 9.
https://www.yahoo.com/news/u-congress-p ... iness.html
Watch the date of these two news. If the Congress had't passed the funding bill and Saudi dumped US treasury. Then the D-DAY would have become true.
US avoided a D-DAY
US avoided a D-DAY
Wel I am very glad you didn't get murdered, Katsung. Seriously.
US avoided a D-DAY
944. See how big the bubble is (1/25/2017)
17 years ago, I found the Feds moved the area residents away and bought in houses in large scale. (see #733, 734, 736. CASH FOR HOUSE). As early as 2003, I warned of a housing bubble. (see #180. Beware of housing bubble (11/16/03))That bubble keeps growing up until now. I think that's because They failed to eliminate Kat Sung. The result is: San Jose becomes No.1 highest median house price city (where I live) and San Franciso is the No.2. (Where my mother and sisters live).
Here is a chart of midian home sale prices of San Francisco. The curve is accordant to the persecution course the Feds apply on me. The unusual upward price started from 1993. Though the chart author thought there were two bubbles, it is still a big one in fact. The bubble stopped growing up in 2008 due to financial tsunami but the Feds managed to prevent it from breaking. The down turn was mild. Even in lowest point of 2011, it's 695,000. Double the amount of starting price.
From steep curve you may see how big this bubble is.
Report: San Jose, Not San Francisco, Has Highest Median Home Price In Country
BY JACK MORSE IN NEWS ON AUG 12, 2016
San Jose, with a median home price of $1,085,000, currently ranks as the most expensive metropolitan area for would-be home owners. The second most expensive? That would be San Francisco coming in at $885,600.
Report: San Jose, Not San Francisco, Has Highest Median Home Price In Country: SFist
17 years ago, I found the Feds moved the area residents away and bought in houses in large scale. (see #733, 734, 736. CASH FOR HOUSE). As early as 2003, I warned of a housing bubble. (see #180. Beware of housing bubble (11/16/03))That bubble keeps growing up until now. I think that's because They failed to eliminate Kat Sung. The result is: San Jose becomes No.1 highest median house price city (where I live) and San Franciso is the No.2. (Where my mother and sisters live).
Here is a chart of midian home sale prices of San Francisco. The curve is accordant to the persecution course the Feds apply on me. The unusual upward price started from 1993. Though the chart author thought there were two bubbles, it is still a big one in fact. The bubble stopped growing up in 2008 due to financial tsunami but the Feds managed to prevent it from breaking. The down turn was mild. Even in lowest point of 2011, it's 695,000. Double the amount of starting price.
From steep curve you may see how big this bubble is.
Report: San Jose, Not San Francisco, Has Highest Median Home Price In Country
BY JACK MORSE IN NEWS ON AUG 12, 2016
San Jose, with a median home price of $1,085,000, currently ranks as the most expensive metropolitan area for would-be home owners. The second most expensive? That would be San Francisco coming in at $885,600.
Report: San Jose, Not San Francisco, Has Highest Median Home Price In Country: SFist
US avoided a D-DAY
945. The 2017 bubble(2/1/2017)
It was the popping up of the housing bubble that caused the financial tsunami in 2008. The bubble hasn't been cleaned up completely. The real estate loan were lent from banks. No big bank collapsed. They were bailed out by government with tax-payers' money. The banks still held large quantity of foreclosed houses. Then we saw Federal Reserve's Quantitative easy programme. That money took over the foreclosed houses for a larger bubble. QE3, where the central bank had spent close to $40 billion per month in mortgage-backed securities. So much money injected into real estate's area, that's why I said there is only one bubble - the 2007 one hasn't been cleaned up and the residue has been extended to a even bigger one - I call it 2017 bubble.
A bubble needs money to keep it to inflating. Federal Reserve had spent nearly four trillion to blow up such a big real estate balloon. It seems they don't want to pour money into that hole any more. So a crook is pushed out to take that responsibility.
I say 2017 bubble because: 1. Federal Reserve said it likely will increase interest twice this year - that will pop up the housing bubble.
2. The unprecedented 2016 election in US that put an unqualified man on president seat. I said something big will happen that nobody (party) want to take the responsibility. (see "902. Trump's job (2) (5/7/2016)")
3. Something big (other then the coming economic crisis) will take place in Europe: War; natural disaster; terror attack.... to distract people from that economic crisis, and drive the money in Europe to US to take over the bubble too. It relates to Russian. I believe Putin is bribed by the Feds to cooperate on this. Trump's Russian love is not a coincidence.
946. Two unprecedented big bubbles(2/8/2017)
Real estates bubble.(see chart at #944) Stock market bubble.
You don't have to be an expert to realize the two big balloons Americans are facing. Yet where are those professionals, economical officials and media people? In coming months, you will see a lot of news, events to encourage people to jump into the speculation pool to buy the securities, houses.
Trump to Halt Obama Fiduciary Rule, Order Review of Dodd-Frank
Katherine Chiglinsky, Justin Sink, Elizabeth Dexheimer
Bloomberg February 2, 2017
President Donald Trump will halt an Obama administration regulation, hated by the financial industry, that requires retirement advisers to work in the best interests of their clients, while the new administration reviews the rule.
The president also will order a review of Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said. Trump is scheduled to issue the directives at a signing ceremony around noon on Friday following a meeting of more than a dozen top corporate executives led byBlackstone Group LP Chief Executive OfficerSteve Schwarzman.
finance.yahoo.com/news/trump-halt-obama-fiduciary-rule-063803815.html
Trump is going to open a pandola box to release financial demons. Those demons had caused 2008 financial tsunami, were locked up by Obama, Trump wants to free them to make America greater?
It's funny that they accuse Clinton represents the interest of Wall Street. What about Trump?
Read 2 and 3 of last message(#945) to see how the Feds rule this country.
It was the popping up of the housing bubble that caused the financial tsunami in 2008. The bubble hasn't been cleaned up completely. The real estate loan were lent from banks. No big bank collapsed. They were bailed out by government with tax-payers' money. The banks still held large quantity of foreclosed houses. Then we saw Federal Reserve's Quantitative easy programme. That money took over the foreclosed houses for a larger bubble. QE3, where the central bank had spent close to $40 billion per month in mortgage-backed securities. So much money injected into real estate's area, that's why I said there is only one bubble - the 2007 one hasn't been cleaned up and the residue has been extended to a even bigger one - I call it 2017 bubble.
A bubble needs money to keep it to inflating. Federal Reserve had spent nearly four trillion to blow up such a big real estate balloon. It seems they don't want to pour money into that hole any more. So a crook is pushed out to take that responsibility.
I say 2017 bubble because: 1. Federal Reserve said it likely will increase interest twice this year - that will pop up the housing bubble.
2. The unprecedented 2016 election in US that put an unqualified man on president seat. I said something big will happen that nobody (party) want to take the responsibility. (see "902. Trump's job (2) (5/7/2016)")
3. Something big (other then the coming economic crisis) will take place in Europe: War; natural disaster; terror attack.... to distract people from that economic crisis, and drive the money in Europe to US to take over the bubble too. It relates to Russian. I believe Putin is bribed by the Feds to cooperate on this. Trump's Russian love is not a coincidence.
946. Two unprecedented big bubbles(2/8/2017)
Real estates bubble.(see chart at #944) Stock market bubble.
You don't have to be an expert to realize the two big balloons Americans are facing. Yet where are those professionals, economical officials and media people? In coming months, you will see a lot of news, events to encourage people to jump into the speculation pool to buy the securities, houses.
Trump to Halt Obama Fiduciary Rule, Order Review of Dodd-Frank
Katherine Chiglinsky, Justin Sink, Elizabeth Dexheimer
Bloomberg February 2, 2017
President Donald Trump will halt an Obama administration regulation, hated by the financial industry, that requires retirement advisers to work in the best interests of their clients, while the new administration reviews the rule.
The president also will order a review of Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said. Trump is scheduled to issue the directives at a signing ceremony around noon on Friday following a meeting of more than a dozen top corporate executives led byBlackstone Group LP Chief Executive OfficerSteve Schwarzman.
finance.yahoo.com/news/trump-halt-obama-fiduciary-rule-063803815.html
Trump is going to open a pandola box to release financial demons. Those demons had caused 2008 financial tsunami, were locked up by Obama, Trump wants to free them to make America greater?
It's funny that they accuse Clinton represents the interest of Wall Street. What about Trump?
Read 2 and 3 of last message(#945) to see how the Feds rule this country.
US avoided a D-DAY
Illinois Economic Collapse Is Near, Two Other States Will Follow In It’s Footsteps – Prepare For The Imminent Economic Collapse
BY IWB · JULY 4, 2017
The mismanagement of Illinois by government bureaucrats and politicians have plunged the state into a dire economic abyss. But SGTReport is predicting that other states will fall just as quickly, and you won’t be surprised in the least when your hear which ones are doomed to suffer an economic collapse soon.
Illinois could be expected to slash pensions to 30 cents on the dollar to help stave off the harsh reality of nanny state policies and socialist promises.
[WATCH] Illinois Economic Collapse Is Near, Two Other States Will Follow In It’s Footsteps – Prepare For The Imminent Economic Collapse – InvestmentWatch
BY IWB · JULY 4, 2017
The mismanagement of Illinois by government bureaucrats and politicians have plunged the state into a dire economic abyss. But SGTReport is predicting that other states will fall just as quickly, and you won’t be surprised in the least when your hear which ones are doomed to suffer an economic collapse soon.
Illinois could be expected to slash pensions to 30 cents on the dollar to help stave off the harsh reality of nanny state policies and socialist promises.
[WATCH] Illinois Economic Collapse Is Near, Two Other States Will Follow In It’s Footsteps – Prepare For The Imminent Economic Collapse – InvestmentWatch
US avoided a D-DAY
The great bull market in its last stages? U.S. car sales fall sharply in June; Silicon Valley begins to crack visibly; October doom? Ron Paul predicts gold up 50% stocks down 25% this October
BY IWB · JULY 4, 2017
The great bull market in its last stages? U.S. car sales fall sharply in June; Silicon Valley begins to crack visibly; October doom? Ron Paul predicts gold up 50% stocks down 25% this October – InvestmentWatch
BY IWB · JULY 4, 2017
The great bull market in its last stages? U.S. car sales fall sharply in June; Silicon Valley begins to crack visibly; October doom? Ron Paul predicts gold up 50% stocks down 25% this October – InvestmentWatch
US avoided a D-DAY
As Sales Plunge, GM Might Cancel Six Car Models
by Wolf Richter • Jul 20, 2017
GM is getting whacked harder than any of the major automakers by the industry-wide plunge in car sales, as Americans switch in ever larger numbers from cars to “trucks,†which include pickups, van, SUVs and crossovers. In the first half of 2017, GM’s car sales in the US plunged 19%, and in June 38%.
The rest of the industry (without GM) booked declines in car sales of “only†10% in the first half and 9% in June.
As Sales Plunge, GM Might Cancel Six Car Models | Wolf Street
-------------
by Wolf Richter • Jul 20, 2017
GM is getting whacked harder than any of the major automakers by the industry-wide plunge in car sales, as Americans switch in ever larger numbers from cars to “trucks,†which include pickups, van, SUVs and crossovers. In the first half of 2017, GM’s car sales in the US plunged 19%, and in June 38%.
The rest of the industry (without GM) booked declines in car sales of “only†10% in the first half and 9% in June.
As Sales Plunge, GM Might Cancel Six Car Models | Wolf Street
-------------
US avoided a D-DAY
The problem?
They haven’t been selling cars as fast as years past… and the inventory of unsold new cars is exploding! Just In 2017, car sales are down 70% in some segments.
And while the car dealerships would love it if everyone would buy a new car at full retail price… The fact remains that they’ve been forced by a huge backlog of inventory to quietly advertise massively discounted deals online.
Buy a Brand-New Car Online at Clearance Lot Pricing – The Daily Lifer
They haven’t been selling cars as fast as years past… and the inventory of unsold new cars is exploding! Just In 2017, car sales are down 70% in some segments.
And while the car dealerships would love it if everyone would buy a new car at full retail price… The fact remains that they’ve been forced by a huge backlog of inventory to quietly advertise massively discounted deals online.
Buy a Brand-New Car Online at Clearance Lot Pricing – The Daily Lifer
US avoided a D-DAY
Goldman Sachs Says That There Is A 99 Percent Chance That Stock Prices Will Not Keep Going Up Like This
By Michael Snyder, on July 31st, 2017
– North Korea is threatening to nuke the US
– Donald Trump is firing his entire cabinet
– The Federal Reserve has dropped interest rates to record lows and drowned the world in trillions of dollars of cash
– Debt levels are at record highs
– Entire banking systems, especially in Europe, are in need of massive bailouts
– The US government will run out of money in less than 90-days and hit the debt ceiling once again
Goldman Sachs Says That There Is A 99 Percent Chance That Stock Prices Will Not Keep Going Up Like This
By Michael Snyder, on July 31st, 2017
– North Korea is threatening to nuke the US
– Donald Trump is firing his entire cabinet
– The Federal Reserve has dropped interest rates to record lows and drowned the world in trillions of dollars of cash
– Debt levels are at record highs
– Entire banking systems, especially in Europe, are in need of massive bailouts
– The US government will run out of money in less than 90-days and hit the debt ceiling once again
Goldman Sachs Says That There Is A 99 Percent Chance That Stock Prices Will Not Keep Going Up Like This
US avoided a D-DAY
katsung47;1512141 wrote: Goldman Sachs Says That There Is A 99 Percent Chance That Stock Prices Will Not Keep Going Up Like This
By Michael Snyder, on July 31st, 2017
– North Korea is threatening to nuke the US
– Donald Trump is firing his entire cabinet
– The Federal Reserve has dropped interest rates to record lows and drowned the world in trillions of dollars of cash
– Debt levels are at record highs
– Entire banking systems, especially in Europe, are in need of massive bailouts
– The US government will run out of money in less than 90-days and hit the debt ceiling once again
While I don't submit to your "It's all a conspiracy" theories, I do have to admit that things look pretty grim right now.
By Michael Snyder, on July 31st, 2017
– North Korea is threatening to nuke the US
– Donald Trump is firing his entire cabinet
– The Federal Reserve has dropped interest rates to record lows and drowned the world in trillions of dollars of cash
– Debt levels are at record highs
– Entire banking systems, especially in Europe, are in need of massive bailouts
– The US government will run out of money in less than 90-days and hit the debt ceiling once again
While I don't submit to your "It's all a conspiracy" theories, I do have to admit that things look pretty grim right now.
US avoided a D-DAY
De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold
by Tyler Durden
Sep 3, 2017
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review
De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold | Zero Hedge
by Tyler Durden
Sep 3, 2017
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review
De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold | Zero Hedge
US avoided a D-DAY
Venezuela's Maduro says will shun U.S. dollar in favor of yuan, others
Reuters Reuters•September 7, 2017
By Deisy Buitrago and Corina Pons
CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Thursday hiscash-strapped country would seek to "free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies
https://www.yahoo.com/news/venezuelas-m ... 02321.html
Reuters Reuters•September 7, 2017
By Deisy Buitrago and Corina Pons
CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Thursday hiscash-strapped country would seek to "free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies
https://www.yahoo.com/news/venezuelas-m ... 02321.html
US avoided a D-DAY
Goldman's Bear Market Indicator Shows Crash Dead Ahead, Asks "Should We Be Worried?"
Tyler Durden's picture
by Tyler Durden
Sep 16, 2017
http://www.zerohedge.com/sites/default/ ... teaser.jpg
Goldman's Bear Market Indicator Shows Crash Dead Ahead, Asks "Should We Be Worried?" | Zero Hedge
Tyler Durden's picture
by Tyler Durden
Sep 16, 2017
http://www.zerohedge.com/sites/default/ ... teaser.jpg
Goldman's Bear Market Indicator Shows Crash Dead Ahead, Asks "Should We Be Worried?" | Zero Hedge
US avoided a D-DAY
It’s Over for Sears Canada
by Wolf Richter • Oct 10, 2017 •
Liquidation too for Toys “R†Us? The company filed for bankruptcy in the US and Canada to restructure, but it can’t solve what’s killing it.
https://wolfstreet.com/2017/10/10/sears ... off-12000/
by Wolf Richter • Oct 10, 2017 •
Liquidation too for Toys “R†Us? The company filed for bankruptcy in the US and Canada to restructure, but it can’t solve what’s killing it.
https://wolfstreet.com/2017/10/10/sears ... off-12000/
US avoided a D-DAY
Peter Schiff Warns Of "Calm Before The Storm"
by Tyler Durden
Oct 20, 2017
http://www.zerohedge.com/sites/default/ ... chiff1.jpg
But interest rates are now at just 1.25%. If the stock market were again to drop in such a manner, the Fed has far less fire power to bring to bear. It could cut rates to zero and then re-launch another round of QE bond buying to flood the financial sector with liquidity. But that may not be nearly as effective as it was in 2008. Given that the big problem at that point was bad mortgage debt, the QE program’s purchase of mortgage bonds was a fairly effective solution (although we believe a misguided one). But propping up overvalued stocks, many of which have nothing to do with the financial sector, is a far more difficult challenge. The Fed may have to buy stocks on the open market, a tactic that has been used by the Bank of Japan.
It should be clear to anyone that since the 1990s the Fed has inflated three stock market bubbles. As each of the prior two popped, the Fed inflated larger ones to mitigate the damage. The tendency to cushion the downside and to then provide enough extra liquidity to send stock prices back to new highs seems to have emboldened investors to downplay the risks and focus on the potential gains. This has been particularly true given that the Fed’s low interest rate policies have caused traditionally conservative bond investors to seek higher returns in stocks. Without the Fed’s safety net, many of these investors perhaps would not be willing to walk this high wire.
But investors may be over-estimating the Fed's ability to blow up another bubble if the current one pops. Since this one is so large, the amount of stimulus required to inflate a larger one may produce the monetary equivalent of an overdose. It may be impossible to revive the markets without killing the dollar in the process. The currency crisis the Fed might unleash might prove more destructive to the economy than the repeat financial crisis it's hoping to avoid.
Peter Schiff Warns Of "Calm Before The Storm" | Zero Hedge
by Tyler Durden
Oct 20, 2017
http://www.zerohedge.com/sites/default/ ... chiff1.jpg
But interest rates are now at just 1.25%. If the stock market were again to drop in such a manner, the Fed has far less fire power to bring to bear. It could cut rates to zero and then re-launch another round of QE bond buying to flood the financial sector with liquidity. But that may not be nearly as effective as it was in 2008. Given that the big problem at that point was bad mortgage debt, the QE program’s purchase of mortgage bonds was a fairly effective solution (although we believe a misguided one). But propping up overvalued stocks, many of which have nothing to do with the financial sector, is a far more difficult challenge. The Fed may have to buy stocks on the open market, a tactic that has been used by the Bank of Japan.
It should be clear to anyone that since the 1990s the Fed has inflated three stock market bubbles. As each of the prior two popped, the Fed inflated larger ones to mitigate the damage. The tendency to cushion the downside and to then provide enough extra liquidity to send stock prices back to new highs seems to have emboldened investors to downplay the risks and focus on the potential gains. This has been particularly true given that the Fed’s low interest rate policies have caused traditionally conservative bond investors to seek higher returns in stocks. Without the Fed’s safety net, many of these investors perhaps would not be willing to walk this high wire.
But investors may be over-estimating the Fed's ability to blow up another bubble if the current one pops. Since this one is so large, the amount of stimulus required to inflate a larger one may produce the monetary equivalent of an overdose. It may be impossible to revive the markets without killing the dollar in the process. The currency crisis the Fed might unleash might prove more destructive to the economy than the repeat financial crisis it's hoping to avoid.
Peter Schiff Warns Of "Calm Before The Storm" | Zero Hedge
US avoided a D-DAY
"This Is Most Worrying": In One Year, Central Bank Liquidity Will Collapse From $2 Trillion To Zero Today at 12:25 pm
Is it complacency, or simply trader paralysis?
A question we first asked three months ago is getting a second wind this morning, when in a report by Deutsche Bank's Alan Ruskin - "Vol: freeze or flight?" - the macro strategist points out that "the new 2017 Nobel laureate for Economics is not the only one at a loss to explain low stock market volatility, and thinks investors are in ‘freeze mode’ in the midst of global uncertainties."
According to Ruskin, however, it's all about to change.
But why? And what is "the most likely causes of a shift to ‘flight mode’ and a rise in volatility? Here’s one possibility: by the end of next year, the combined expansion of all the major Central Bank balance sheets will have collapsed from a 12 month growth rate of $2 trillion per annum to zero."
"This Is Most Worrying": In One Year, Central Bank Liquidity Will Collapse From $2 Trillion To Zero | Zero Hedge
Is it complacency, or simply trader paralysis?
A question we first asked three months ago is getting a second wind this morning, when in a report by Deutsche Bank's Alan Ruskin - "Vol: freeze or flight?" - the macro strategist points out that "the new 2017 Nobel laureate for Economics is not the only one at a loss to explain low stock market volatility, and thinks investors are in ‘freeze mode’ in the midst of global uncertainties."
According to Ruskin, however, it's all about to change.
But why? And what is "the most likely causes of a shift to ‘flight mode’ and a rise in volatility? Here’s one possibility: by the end of next year, the combined expansion of all the major Central Bank balance sheets will have collapsed from a 12 month growth rate of $2 trillion per annum to zero."
"This Is Most Worrying": In One Year, Central Bank Liquidity Will Collapse From $2 Trillion To Zero | Zero Hedge
US avoided a D-DAY
CBO: the Senate Republican tax bill takes billions from the poor
Updated by Dylan Matthews Nov 27, 2017,
From the perspective of rich people benefiting from slashing the corporate tax rate, the bill the Senate is currently considering — and could vote on this week — is a tax cut bill. But from the perspective of America’s poor, the bill looks more like a health care cut.
https://www.vox.com/policy-and-politics ... h-cut-poor
--------------
Updated by Dylan Matthews Nov 27, 2017,
From the perspective of rich people benefiting from slashing the corporate tax rate, the bill the Senate is currently considering — and could vote on this week — is a tax cut bill. But from the perspective of America’s poor, the bill looks more like a health care cut.
https://www.vox.com/policy-and-politics ... h-cut-poor
--------------
US avoided a D-DAY
China-Like Wages Now Part Of U.S. Employment Boom
AUG 4, 2017 Kenneth Rapoza ,
Starting pay at the Amazon warehouse, carved out of a large lot with a new road called Innovation Way designed for Amazon-bound trucks, is at $12.75, no degree required. For junior inventory clerks with warehousing experience, the pay is $14.70 an hour and requires a bachelor's degree. Operations managers are full time salaried positions that can pay upwards of six figures, a huge salary in southern Massachusetts.
Here's the math: a 30 hour work week at $15 an hour is $450 per week gross, or $1,800 a month. That comes out to less than $22,000 a year. At 40 hours, Amazon warehouse full timers, outside of management level employees, are earning $28,800 before taxes.
https://www.forbes.com/sites/kenrapoza/ ... aee229128a
AUG 4, 2017 Kenneth Rapoza ,
Starting pay at the Amazon warehouse, carved out of a large lot with a new road called Innovation Way designed for Amazon-bound trucks, is at $12.75, no degree required. For junior inventory clerks with warehousing experience, the pay is $14.70 an hour and requires a bachelor's degree. Operations managers are full time salaried positions that can pay upwards of six figures, a huge salary in southern Massachusetts.
Here's the math: a 30 hour work week at $15 an hour is $450 per week gross, or $1,800 a month. That comes out to less than $22,000 a year. At 40 hours, Amazon warehouse full timers, outside of management level employees, are earning $28,800 before taxes.
https://www.forbes.com/sites/kenrapoza/ ... aee229128a
US avoided a D-DAY
AT&T workforce stricken with over 2000 layoffs U.S-wide days after $1000 tax reform bonus check
By Mike Wuerthele
Tuesday, December 26, 2017, 02:34 pm PT (05:34 pm ET)
In the days before Christmas, AT&T and DirecTV gave layoff notices to a large number of landline, legacy service, and home installers spanning the country —and more are coming.
AT&T workforce stricken with over 2000 layoffs U.S-wide days after $1000 tax reform bonus check
By Mike Wuerthele
Tuesday, December 26, 2017, 02:34 pm PT (05:34 pm ET)
In the days before Christmas, AT&T and DirecTV gave layoff notices to a large number of landline, legacy service, and home installers spanning the country —and more are coming.
AT&T workforce stricken with over 2000 layoffs U.S-wide days after $1000 tax reform bonus check
US avoided a D-DAY
GE is cutting 12,000 jobs
by Chris Isidore @CNNMoney
December 7, 2017:
The company says the job cuts will mostly be outside the United States. The power division's headcount will be reduced about 18%. About 295,000 people worked for GE overall at the end of last year, but the company has cut jobs and costs throughout this year.
GE layoffs: It's cutting 12,000 jobs - Dec. 7, 2017
by Chris Isidore @CNNMoney
December 7, 2017:
The company says the job cuts will mostly be outside the United States. The power division's headcount will be reduced about 18%. About 295,000 people worked for GE overall at the end of last year, but the company has cut jobs and costs throughout this year.
GE layoffs: It's cutting 12,000 jobs - Dec. 7, 2017
US avoided a D-DAY
Trump's "tax reform" is a project to borrow 1.5 trillion, issue it in form of treasury bond or other debit note, then distribute it to rich people in the form of cash, bonus, profit. On the whole, in 10 years, you saw the debt of American people will add to a new high while the cash it borrows goes to Rich people's pocket.
US avoided a D-DAY
katsung47;1517487 wrote: Trump's "tax reform" is a project to borrow 1.5 trillion, issue it in form of treasury bond or other debit note, then distribute it to rich people in the form of cash, bonus, profit. On the whole, in 10 years, you saw the debt of American people will add to a new high while the cash it borrows goes to Rich people's pocket.
Well, it looks like the world is upside down...I actually agree with katsung and don't consider this statement paranoid.
Well, it looks like the world is upside down...I actually agree with katsung and don't consider this statement paranoid.
US avoided a D-DAY
I think that's a trap set up by the deep state which control the US through their representative Donald Trump.
1. They push up the stock market by passing the bill of "Tax Return".
That bill will increase the national debt to a new high. In another word, borrow money to benefit rich people.
2. Stock market is at the historical high, once it collapsed, innocent people will suffer a great loss. I think that's a plot to blow up a bubble to loot public's retirement fund (401 k) and their savings.
Watch the chart. You don't have to be expert to see how big the bubble is. Yet they blow the trumpet for it.
http://www.zerohedge.com/sites/default/ ... 20LT_0.jpg
1. They push up the stock market by passing the bill of "Tax Return".
That bill will increase the national debt to a new high. In another word, borrow money to benefit rich people.
2. Stock market is at the historical high, once it collapsed, innocent people will suffer a great loss. I think that's a plot to blow up a bubble to loot public's retirement fund (401 k) and their savings.
Watch the chart. You don't have to be expert to see how big the bubble is. Yet they blow the trumpet for it.
http://www.zerohedge.com/sites/default/ ... 20LT_0.jpg
US avoided a D-DAY
Bankruptcy fallout: Toys R Us closing up to 182 stores
Joan Verdon, The (Bergen County, N.J.) Jan. 24, 2018
Toys R Us late Tuesday filed court documents outlining plans to close up to 182 stores as part of its bankruptcy reorganization plans.
https://www.usatoday.com/story/money/bu ... 060674001/
Joan Verdon, The (Bergen County, N.J.) Jan. 24, 2018
Toys R Us late Tuesday filed court documents outlining plans to close up to 182 stores as part of its bankruptcy reorganization plans.
https://www.usatoday.com/story/money/bu ... 060674001/
US avoided a D-DAY
Carrier lays off first 300 employees on 6-month anniversary of Trump's presidency
Tony Cook and James Briggs, IndyStar. ET July 19, 2017
https://www.indystar.com/story/news/pol ... 491205001/
------------------
Carrier plant to lay off 215 workers on Thursday
John Tuohy, john.tuohy@indystar. Jan. 10, 2018
https://www.indystar.com/story/news/loc ... um=twitter
Tony Cook and James Briggs, IndyStar. ET July 19, 2017
https://www.indystar.com/story/news/pol ... 491205001/
------------------
Carrier plant to lay off 215 workers on Thursday
John Tuohy, john.tuohy@indystar. Jan. 10, 2018
https://www.indystar.com/story/news/loc ... um=twitter
US avoided a D-DAY
The US Economy is only Growing Because of Deficit Spending
This study shows that since 2008 and the great Recession the economy didn't grow at all if you deduct the injection of debt financed deficit spending. Here is a chart of GDP minus deficit spending:
This is sort of like a homeowner borrowing a lot of money on his house. It seems he's richer and can afford more purchases, but it only depletes his net worth. In the future, if a recession arises, much more debt will have to be created. It's true that there is no limit on how much money can be created by the Federal Reserve, but diluting the dollar could cause it to collapse like Venezuela.
https://www.zerohedge.com/news/2018-03- ... ly-growing
The US Economy is only Growing Because of Deficit Spending
This study shows that since 2008 and the great Recession the economy didn't grow at all if you deduct the injection of debt financed deficit spending. Here is a chart of GDP minus deficit spending:
This is sort of like a homeowner borrowing a lot of money on his house. It seems he's richer and can afford more purchases, but it only depletes his net worth. In the future, if a recession arises, much more debt will have to be created. It's true that there is no limit on how much money can be created by the Federal Reserve, but diluting the dollar could cause it to collapse like Venezuela.
https://www.zerohedge.com/news/2018-03- ... ly-growing
The US Economy is only Growing Because of Deficit Spending
US avoided a D-DAY
RETAIL APOCALYPSE, Thousands MORE Stores are Closing!
3/6/2018
3/6/2018
US avoided a D-DAY
March 11, 2018
US credit card debt hits $1 trillion
Wallethub.com asserts that the average US household owes some $8,600 in credit card debt, cited by Abcnews.go.com.
US credit card debt hits $1 trillion
US credit card debt hits $1 trillion
Wallethub.com asserts that the average US household owes some $8,600 in credit card debt, cited by Abcnews.go.com.
US credit card debt hits $1 trillion
US avoided a D-DAY
Auto sales skid in April as demand falls and competition intensifies
It seems like the long sales boom might be over
REUTERS May 1st 2018
Last year, U.S. auto sales fell 2 percent after hitting a record high of 17.55 million units in 2016. Sales are expected to fall further in 2018 as higher interest rates push up monthly car payments. Also, millions of nearly new vehicles will return to the market this year after coming off lease, providing a lower-cost alternative for consumers.
https://www.autoblog.com/2018/05/01/apr ... -sales-us/
It seems like the long sales boom might be over
REUTERS May 1st 2018
Last year, U.S. auto sales fell 2 percent after hitting a record high of 17.55 million units in 2016. Sales are expected to fall further in 2018 as higher interest rates push up monthly car payments. Also, millions of nearly new vehicles will return to the market this year after coming off lease, providing a lower-cost alternative for consumers.
https://www.autoblog.com/2018/05/01/apr ... -sales-us/
US avoided a D-DAY
51 Million U.S. Households Can't Afford Basics
United Way ALICE Project May 17, 2018
WASHINGTON, May 17, 2018 /PRNewswire/ -- There are 50.8 million U.S. households that can't afford a basic monthly budget including housing, food, child care, health care, transportation and a cell phone, according to new data released by the United Way ALICE Project.
https://www.prnewswire.com/news-release ... 50535.html
United Way ALICE Project May 17, 2018
WASHINGTON, May 17, 2018 /PRNewswire/ -- There are 50.8 million U.S. households that can't afford a basic monthly budget including housing, food, child care, health care, transportation and a cell phone, according to new data released by the United Way ALICE Project.
https://www.prnewswire.com/news-release ... 50535.html
US avoided a D-DAY
Strong economy not translating into bigger paychecks for rank-and-file workers. Why?
June 17. 2018 1:30AM Jeff Stein and Andrew Van Dam, The Washington Post
The average hourly wage paid to a key group of American workers has fallen from last year when accounting for inflation, as an economy that appears strong by several measures continues to fail to create bigger paychecks, the federal government said last week.
For workers in "production and nonsupervisory" positions, the value of the average paycheck has actually declined in the past year. For those workers, average "real wages" - a measure of pay that takes inflation into account - fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.
https://www.theday.com/article/20180617/NWS13/180619440
June 17. 2018 1:30AM Jeff Stein and Andrew Van Dam, The Washington Post
The average hourly wage paid to a key group of American workers has fallen from last year when accounting for inflation, as an economy that appears strong by several measures continues to fail to create bigger paychecks, the federal government said last week.
For workers in "production and nonsupervisory" positions, the value of the average paycheck has actually declined in the past year. For those workers, average "real wages" - a measure of pay that takes inflation into account - fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.
https://www.theday.com/article/20180617/NWS13/180619440
US avoided a D-DAY
Business tax payments plunge, while workers pay more
Rick Newman,Yahoo Finance• July 27, 2018
Treasury Department data for the first half of 2018 show individual income tax receipts rose 8.1%, to $915 billion. Corporate income tax receipts fell 32.4%, to $100 billion. The sharp decline in corporate tax revenue is largely a result of the tax cuts President Trump signed into law at the end of 2017, which cut the top corporate rate from 35% to 21%. Here are the numbers:
https://s.yimg.com/ny/api/res/1.2/MruIw ... e8b35b3a6c
https://www.yahoo.com/news/business-tax ... 04363.html
Rick Newman,Yahoo Finance• July 27, 2018
Treasury Department data for the first half of 2018 show individual income tax receipts rose 8.1%, to $915 billion. Corporate income tax receipts fell 32.4%, to $100 billion. The sharp decline in corporate tax revenue is largely a result of the tax cuts President Trump signed into law at the end of 2017, which cut the top corporate rate from 35% to 21%. Here are the numbers:
https://s.yimg.com/ny/api/res/1.2/MruIw ... e8b35b3a6c
https://www.yahoo.com/news/business-tax ... 04363.html
US avoided a D-DAY
US on track to borrow most money since 2008 financial crisis: report
Brooke Seipel 7/31
The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.
Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.
https://www.msn.com/en-us/news/politics ... ar-BBLjgQC
Brooke Seipel 7/31
The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.
Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.
https://www.msn.com/en-us/news/politics ... ar-BBLjgQC
US avoided a D-DAY
katsung47;1520369 wrote: US on track to borrow most money since 2008 financial crisis: report
Brooke Seipel 7/31
The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.
Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.
https://www.msn.com/en-us/news/politics ... ar-BBLjgQC
Yup. Ol' Donald is REALLY fixing the economy.
Brooke Seipel 7/31
The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.
Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.
https://www.msn.com/en-us/news/politics ... ar-BBLjgQC
Yup. Ol' Donald is REALLY fixing the economy.
The home of the soul is the Open Road.
- DH Lawrence
- DH Lawrence
US avoided a D-DAY
Trump's favorite trade measure got worse in the first full month of the trade war
Bob Bryan Aug. 28, 2018,
One of President Donald Trump's trade war goals is to shrink the US goods trade deficit.
Despite the implementation of tariffs, the goods deficit grew in July, according to preliminary data from the US Census Bureau.
Exports declined in July compared to the month before, while imports climbed slightly.
One of President Donald Trump's main goals in his shake-up of US trade policy: Bring down the large US trade deficit. But that deficit appears to be heading in the opposite direction since the trade war kicked off in earnest.
The US goods trade deficit increased to $72.2 billion in July, up from $67.9 billion in June, according to advance data from the US Census Bureau. Exports fell by 1.7% from the month before, while imports rose by 0.9%. This was the second straight month the trade deficit has increased.
https://www.businessinsider.com/trump-t ... uly-2018-8
Bob Bryan Aug. 28, 2018,
One of President Donald Trump's trade war goals is to shrink the US goods trade deficit.
Despite the implementation of tariffs, the goods deficit grew in July, according to preliminary data from the US Census Bureau.
Exports declined in July compared to the month before, while imports climbed slightly.
One of President Donald Trump's main goals in his shake-up of US trade policy: Bring down the large US trade deficit. But that deficit appears to be heading in the opposite direction since the trade war kicked off in earnest.
The US goods trade deficit increased to $72.2 billion in July, up from $67.9 billion in June, according to advance data from the US Census Bureau. Exports fell by 1.7% from the month before, while imports rose by 0.9%. This was the second straight month the trade deficit has increased.
https://www.businessinsider.com/trump-t ... uly-2018-8
US avoided a D-DAY
Trump's tariffs have already cost Ford $1B; now it's planning layoffs
Ironically, Ford may have to cut production of some models, potentially reducing U.S. jobs, as a result of China's tit-for-tat tariffs.
by Paul A. Eisenstein / Oct.08.2018
Trump and Ford have been squaring off since well before the 2016 election, when then-presidential candidate originally threatened to impose hefty tariffs on vehicles Ford intended to start importing from a factory in Mexico. The carmaker eventually scrubbed that plan, but rather than return production to the U.S. it decided to move it to China.
https://www.nbcnews.com/business/autos/ ... it-n917756
Ironically, Ford may have to cut production of some models, potentially reducing U.S. jobs, as a result of China's tit-for-tat tariffs.
by Paul A. Eisenstein / Oct.08.2018
Trump and Ford have been squaring off since well before the 2016 election, when then-presidential candidate originally threatened to impose hefty tariffs on vehicles Ford intended to start importing from a factory in Mexico. The carmaker eventually scrubbed that plan, but rather than return production to the U.S. it decided to move it to China.
https://www.nbcnews.com/business/autos/ ... it-n917756