Born on third base and thought he hit a home run, like the Gangsters who run Wall Street, the banking system, governments, military, and police… Donald Trump had it all. Rich as Richie Rich, he got everything he wanted… yet it was never enough. Made millions, lost millions, Reality Show TV star… try as he...
Tag: XXVII68
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THE “GREATEST DEPRESSION” DATA: IT’S IN THE NUMBERS
All around the world, as markets cool, political unrest heats up. It’s all part of the “Greatest Depression”: when people lose everything and have nothing left to lose, they lose it… and the markets are losing it, too. The global slowdown will accelerate and equity markets will decline. It’s in the numbers. Mergers and acquisitions have...
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AMERICA: WE’RE NOT BUYING IT
Typically, consumer spending, accounting for some 70 percent of America’s GDP, has been holding. But now there’s a slowdown in sight. It’s up only 0.1 percent, the weakest it’s been in six months. Deep in debt, and with last week’s data showing stagnant wage growth, ”borrowing more to buy little” is now becoming the American way. Can’t...
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YOU CAN’T DRIVE A HOUSE
Car loans in the U.S., which were once a measure of the financial health of the middle class, are getting bigger and taking longer to pay off. Roughly 33 percent of auto loans take at least six years to pay off, up from 10 percent a decade ago. With the average cost of a new car...
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SKYLINES FOR SALE
From car sales to high-rises, the financial squeeze is being felt from bottom to top. The average price of a Manhattan apartment fell to just under $2 million, a 32 percent decline. Real estate agents attribute it to a state-transfer tax. Yes, in part. We attribute it to stagnant wages and “real” inflation numbers, not...
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ONLINE, NOT ON FOOT
Seeing the online future, the Blackstone Group, one of the largest private and alternative investment firms in the world, continues to buy up industrial warehouses across the U.S. and Europe. They just closed one of the biggest private real-estate deals in history, paying $5.9 billion. No more window shopping at brick-and-mortar storefronts. Warehouses are needed for...
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DON’T BANK ON BANKING JOBS
To add insult to already shrinking bankster-profit injury, HSBC has announced it will slash 10,000 jobs, eliminating over 4 percent of its workforce. This follows the 60,000 layoffs this year by Deutsche Bank, Barclays, Citigroup, and others. The next decade looks grim for all banking staff in the branches, call centers, and corporate headquarters. In...
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IRAN JOINS HACKING PARTY
On 4 October, Microsoft said that Iranian hackers had made more than 2,700 attempts to hack email accounts of U.S. government officials and journalists. The report by Microsoft says the hacking took place shortly after the Trump administration put additional sanctions on Iran. When looking more closely at the report, however, no names were offered...
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BIDEN SLIPPING, WARREN GETS TRACTION
Vice President Joe Biden, who has been the leading Democratic contender since the campaign season began, is seeing his polling numbers drop along with his fundraising efforts. Biden’s campaign reported raising $15.2 million in the third quarter, a substantial drop from the previous quarter. In contrast, a number of his rivals did better. Senator Bernie...
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TURKEY ANNOUNCES INVASION OF SYRIA
More combustion in the Middle East. Turkish President, Recep Tayyip Erdoğan, announced a major military ground and air operation into Syrian territory. Sharing a 500-mile border, Erdoğan said this area also would be used to resettle up to two million Syrian refugees currently living in Turkey. The White House issued a statement on 7 October...