White House: Trump-Kim Summit Will NOT Happen

CNN: White House: Trump-Kim Summit Will NOT Happen “President Donald Trump wrote a letter to North Korean leader Kim Jong Un saying that their planned summit next month in Singapore was cancelled. “Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time, … Read more

Why China’s Payment Apps Give U.S. Bankers Nightmares

by COMPUTER1313 https://www.bloomberg.com/graphics/2018-payment-systems-china-usa/ The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies. That contrasts with the U.S., where numerous firms feast … Read more

Is US ruled by Deep State?

POLL: MAJORITY BELIEVE DEEP STATE RULES WASHINGTON Unelected group of bureaucratic operatives control levers of power Jamie White | Infowars.com – MARCH 20, 2018 A large majority of Americans across the political spectrum believe that Washington D.C. is controlled by a Deep State of unelected government bureaucrats, according to a new poll. A Monmouth University … Read more

Bubble In Search Of A Pin

https://twitter.com/OccupyWisdom/status/999333548623613953 The Massive Success Of The #ECB Quantitative Easing: ECB balance sheet vs Eurozone Economic Surprise Index#EscapeFromTheCentralBankTrap pic.twitter.com/PEuHTi03mi — Daniel Lacalle (@dlacalle_IA) May 24, 2018 Chart of the Day: From Central Bank Puts To BTFD Selfies In The Casino The following charts showcase some points of stress. pic.twitter.com/awaOiz3UqI — Alastair (@StockBoardAsset) May 23, 2018 Emerging … Read more

Doing God’s Hedging

Doing God’s Hedging: Goldman Made $200 Million In One Day During Feb 5 “Volocaust” (Zerohedge) Quote: “The investment bank reaped a $200 million profit on Feb. 5, the day volatility exploded back to life in equity markets as the Dow registered its largest one-day point drop in history. The bank’s score can be attributed to long-vol … Read more

Elon Musk blasts Corporate Media. Says he’s wants to create botproof website where the public can rate the core truth of any article & track the credibility score over time of each journalist, editor & publication.

by whatevawhatevvathroa Elon Musk to track reporters, media credibility… ‘Holier-than-thou hypocrisy’…   Elon Musk has been shitting on Corporate Media today, says he’s going to create a site where the public can rate the core truth of any article & track the credibility score over time of each journalist, editor & publication. Thinking of calling … Read more

Oops, It’s Starting, Says This Chart from the FDIC

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter And its eerie exhortations to the banks to prepare for a downturn to avoid “undue disruption to the financial system.” The FDIC’s quarterly report on commercial banks and savings institutions was cited in the media mostly for the $56 billion in profits that FDIC-insured commercial banks and savings institutions made in … Read more

Drought Conditions In The Southwest Are So Bad That They Are Already Being Compared To The Dust Bowl Of The 1930s

by Michael Snyder The worst drought to hit the Southwest in decades continues to grow even worse, and many are already comparing this current crisis to the Dust Bowl days of the 1930s.  Agricultural production is way down, major rivers are running dry, and horses are dropping dead from a lack of water.  The epicenter … Read more