World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Category: Economy (page 1 of 166)

Spain Sets Massive Precedent — Charges Its Central Bankers in Court

WEB Notes: It amazes me how easily the people are fooled. Nothing has changed here. A couple bankers have been charged in court. Big deal. Do you not understand the underlying issue? The Global Financial System runs the government through their policies. If you kick out two bankers, but leave the system intact it does not matter. Two new bankers will simply be added back in. You need to cut out the cancer and remove it from the host. Simply slicing off a piece of it will do nothing. Critical thinking is critical in these end times.

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S&P 500 Earnings Stuck at 2011 Levels, Stocks up 87% Since

WEB Notes: The people are not paying attention to a large degree and those that are just shrug it off. Let the good times roll. Too bad they are not rolling for 95,000,000 Americans.

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Study: Venezuelans lost 19 lbs. on average over past year due to lack of food

In a new sign that Venezuela’s financial crisis is morphing dangerously into a humanitarian one, a new nationwide survey shows that in the past year nearly 75 percent of the population lost an average of 19 pounds for lack of food.

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Morbid Inequality: Now Just SIX Men Have as Much Wealth as Half the World’s Population

Yes, inequality is getting worse every year. In early 2016 Oxfam reported that just 62 individuals had the same wealth as the bottom half of humanity. About a year later Oxfam reported that just 8 men had the same wealth as the world’s bottom half. Based on the same methodology and data sources used by Oxfam, that number is now down to 6.

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Household Debt Climbs to $12.58 Trillion, Just Shy of Its 2008 Peak

US Dollar: In God We Trust

US Dollar: In God We Trust – Flickr

WEB Notes: Yes, 2007-2008 was the time when the world collapsed and the bankers “saved us”. Do not let this little bit of truth about near record debt get you down, after all “Americans Are Brimming With Optimism On The Economy“.

You have to be wise enough folks to look beyond the hype of the media. The underlying facts are this nation like nearly every other nation is bankrupt. This is why they (bankers) created the bailouts to begin with. This is why there are low to no interest rates for banks. To artificially keep the economy alive. If you or I run out of money, we cannot print more money, we cannot change our interest rate on our homes to near zero to keep the show going. No, we face reality and a swift cold boot in the rear onto the street. The economy is being kept artificially alive until it is time to bring down the house of cards.

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Americans brimming with optimism on the economy

WEB Notes: Of course they are brimming with optimism! They see the DOW at 20,500 and figure, hey, the economy must be doing great! Forget the fact that 95,000,000 Americans are not a part of the labor force. That’s not important, only the numbers the mainstream media highlights are real in our imaginary world.

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Fed May Raise Rates By 50 Basis Points in March or It Could Do Something Far More Dramatic

WEB Notes: Yet the stock market is at all time highs, 20,500! Let the good times roll even if they are based on nothing at all and meaningless.

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Worse Than a Decade of Stagnation

Retail sales are held up by only two sectors. The rest are sinking. There are two components of “retail and food services sales” that have been booming over the past few years through the fourth quarter 2016. And then there’s all the rest combined – 71% of total retail sales – that has been in decline since the third quarter of 2008. That’s the tough reality of retail sales in the US.

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“Seriously Delinquent” Auto Loans Surge

WEB Notes: Get out of debt, all debt, you do not need it and it keeps you sucked into the system.

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Chinas Holdings of Treasuries Dropped in 2016 by Most on Record

China’s holdings of U.S. Treasuries declined by the most on record last year, as the world’s second-largest economy dipped into its foreign-exchange reserves to buttress the yuan. Japan, America’s largest foreign creditor, trimmed its holdings for a second straight year.

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Whatever Happened to Inflation after All This Money Printing? It Has Arrived!

Consumer prices surged 0.6% in January from December, double the consensus forecast of a 0.3% rise. The sharpest monthly increase since February 2013, according to the Bureau of Labor Statistics.

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Mortgage applications drop nearly 4 percent, as refinancing hits 8-year low

A slowdown in refinancing pulled down the total mortgage application volume last week as changes to certain government-loan programs made refinances less lucrative. Refinance volume now stands at its lowest level since June 2009.

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