With remarkably little fanfare, an enduring progressive political fairytale has been debunked by an insider. The Federal Reserve System was created in 1913 under progressive president Woodrow Wilson, as one of those supposedly politically neutral federal bureaucracies run by technocrats in the interest of the greater good. It was to take monetary policy decisions out […]
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Trump Says Farmers Will Be ‘So Happy’ with New Plan to Boost Ethanol…
President Trump said Thursday he’s preparing to announce a “giant package” to boost demand for ethanol, responding to rising concerns in rural America about the administration’s exemptions for refineries from blending biofuels. “The Farmers are going to be so happy when they see what we are doing for Ethanol, not even including the E-15, year […]
Google Latest Company to Abandon China, Shifts Smartphone Production to Vietnam…
Google has reportedly become the latest company to aggressively move production out of China and in to Vietnam as it hopes to create a “low-cos supply chain in Southeast Asia” that “will serve as a springboard for its growing hardware ambitions,” according to Nikkei Asian Review. Google, which is working with a partner to manufacture […]
Conway: Trump Came to DC to ‘Disrupt It’ — Part of That Is Trade Agreements That ‘No Longer Screw’ the Workers, Employers…
Tuesday on Fox News Channel’s “The Story,” White House aide Kellyanne Conway defended Trump administration’s stance against China on trade by arguing a better trade deal would be “worth the wait” given the abuses by the Chinese over the past few decades. Conway told host Martha MacCallum Trump was elected to “disrupt” the status quo […]
FBI Raids United Auto Workers President Gary Jones’ Home…
Federal agents raided the home of Gary Jones, the president of the United Auto Workers union. The FBI executed a search warrant at Jones’ home Wednesday, Dow Jones reported. The United Auto Workers began four-year contract negotiations with the “big three” Detroit automakers, Ford, General Motors and Fiat Chrysler, last month amid a slowdown in […]
What Globalism Did Was to Transfer the U.S. Economy to China by Paul Craig Roberts…
The main problem with the US economy is that globalism has been deconstructing it. The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, consumer purchasing power, and tax base of state and local governments. Corporations have increased short-term profits at the expense of these long-term […]
Philip Morris Confirms Merger Talks with Altria…
In a somewhat shocking move, two giant tobacco-related companies have announced their intent to seek an all-stock “merger of equals,” despite the notable differences in market caps. As a reminder, the companies had been one until 2008, when they divided their operations – “Philip Morris International Inc. (NYSE: PM) today announced that it is in […]
Massive College Scams Taxpayers Out of Student Loans With Fake Enrollment Paperwork, Whistleblowers Say…
Onetime employees of the University of Phoenix say the for-profit company conducted a potentially multi-billion dollar fraud on taxpayers by deliberately submitting false records to the federal government to enroll unqualified students and cash in on federal student loans. Few single companies have the potential impact on the federal budget as the University of Phoenix […]
Beijing Pledges Fight “To the End” Against U.S. Economic Confrontation – Let It Be So…
An announcement from China on Saturday, pledging a full economic war against the United States, will likely not come as a surprise for most CTH readers. However, it does serve as emphasis for our 2017 statement: “prepare your affairs accordingly.” When we followed up a few months later with the warning: “There is no upper […]
The Dickensian Tale of the WeWork IPO…
The WeWork IPO is hype wrapped in subterfuge. It’s a money-losing commercial real estate company attempting to pass itself off as the Dalai Lama of office space rentals. The company has never made a dime of profits and its losses spiraled to $900 million in the first half of this year. Here’s a sample of […]
Dow Plunges More Than 600 on Worsening U.S.-China Trade Brawl…
U.S. stocks plunged Friday, with the Dow Jones Industrial Average dropping more than 600 points as President Trump vowed to retaliate against China’s fresh round of tariffs on some U.S. goods beginning as early as Sept. 1. The sell-off — which at one point saw the blue-chip Dow down more than 700 points — left […]
SHOT: Futures Plunge After China Announces Retaliatory Tariffs on Another $75BN in U.S. Goods…
Just over an hour after the Global Times’ Hu Xijing warned that China would announce retaliatory tariffs on certain US products, adding that “China has ammunition to fight back”, that’s precisely what happened when China’s Ministry of Finance said in statement posted on website late Friday that it would levy retaliatory tariffs on another $75BN […]
CHASER: President Trump Announces Tariff Increases on Chinese Products…
President Trump has announced the raising of tariffs on China effective Sept 1st and October 1st, 2019. This is one arrow in a quiver filled with economic consequences: The preexisting 25 percent tariff on $250 billion in Chinese goods will increase to 30 percent effective October 1st, 2019. The pre-planned 10 percent tariff on $300 […]
Related
Is There A Hidden Political Agenda? The Mainstream Media Is Suddenly Full of Stories About the Coming Recession……
All of a sudden, it seems like the mainstream media just can’t stop talking about “the coming recession”. If you go to Google News and type in the word “recession”, you will literally get dozens of articles from the last couple of days with “recession” in the headline. And of course it is true that […]
The New York Fed Has Provided $78 Billion to Reduce the U.S. Budget Deficit in Just the Past Two Years…
According to KPMG’s 2017 and 2018 audit of the Federal Reserve Bank of New York (New York Fed), which is just one of the 12 regional banks of the Federal Reserve System, it has provided more than half of all monies flowing to the U.S. Treasury from regional Fed banks since President Donald Trump took […]
Goldman Sachs and JPMorgan Have Flagrantly Flaunted the Volcker Rule for Nine Years: Now It’s to Be Gutted by Federal Regulators…
Two of Wall Street’s crony regulators announced today that they are going to “simplify” the Volcker Rule’s ban on proprietary trading at Wall Street banks, providing another big win for Wall Street and another big nightmare for Main Street. The financial crash on Wall Street in 2008 was the deepest economic upheaval in the U.S. […]
President Trump Explains the Big Picture: “The fact is, somebody had to take China on”…
During an oval office press conference today, President Trump took several questions about China and the U.S. trade confrontation. After receiving the third question, on the same subject, President Trump paused and then went deep into the heart of the issue. The question was: ” Mr. President, you keep insisting that your trade war with […]
CEOs Rake in 940% More Than 40 Years Ago, While Average Workers Earn 12% More…
The chasm between what the country’s corporate leaders and their workers earn is widening to Grand Canyon-like proportions, according to new research that shows CEO compensation surged 940% between 1978 to 2018 while the average worker saw a meager 12% pay hike over the same 40-year period. “CEOs are getting more because of their power […]
Gov’t Delivers 100,000 Cheap Visa-Workers to Disney, Hilton, Tourist Industry, for Summer Work…
The huge shot of “Summer Work Travel” labor arrives each year to fill seasonal jobs in holiday resorts, hotels, and harvests, and it allows companies to reduce the recruitment of young Americans for seasonal jobs. The program is run by State Department officials, and is justified as an international cultural exchange which will benefit America. […]
Multinational Business Roundtable Now Claims “Social Responsibility” More Important Than Profit…
CTH suspected this was going to happen. This was predictable if you have followed the fracture between Main Street (Trump) and Wall Street (multinationals). Remember, there are trillions at stake. This news today is part of the battle. Here’s the cut through the BS motive behind the multinational association of Business Roundtable CEO’s (these are […]
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