From Bill Bonner, Editor, Bill Bonner’s Diary: YOUGHAL, IRELAND – When you’ve got a chainsaw, you cut down a tree. And when you’ve got control of monetary and fiscal policy… you go to work on an economy. In both cases, you leave them in pieces. Knuckleheaded Experiment The difference between the next crash and the last … Read more
by Raúl Ilargi Meijer Nikolay Dubovsky Became Silent 1890 “European Stocks Surge Celebrating New Spanish, Italian Governments”, says a Zero Hedge headline. “Markets Breathe Easier As Italy Government Sworn In”, proclaims Reuters. And I’m thinking: these markets are crazy, and none of this will last more than a few days. Or hours. The new Italian government is … Read more
via UPFINA: Witness the charts below that show how the current statistical “recovery”, benefiting the very few by inflating the price of risk assets, has come at the expense of the very many. Almost nobody is a mental health facility because there is no funding for mental health facilities. The poor and mentally ill are homeless … Read more
by Martin Armstrong Lawyers have brought a lawsuit against towns in Georgia for using tickets as the major revenue source to fund their pensions and budgets. The City of Doraville, Georgia is facing a federal lawsuit that alleges the city is illegally making millions of dollars preying on residents and visitors in a deliberate scheme to write tickets and … Read more
from Zero Hedge Adding insult to ruinous injury, just hours after Deutsche Bank stock crashed to all time lows after it was revealed that it had been put on the Fed’s “secret” probation list one year ago, overnight S&P downgraded Deutsche Bank’s credit rating by one notch to BBB+ from A-, just three away from junk, … Read more
by Disobedient Media Source: ZeroHedge, The Council On Foreign Relations Says Domestic Propaganda Is Necessary One year ago, a State Department press event included quite possibly the most epic “deer in the headlights” moment in all of government press briefing history. During the final press briefing in May of 2017, the State Department put high level … Read more
https://www.youtube.com/watch?v=_wyIn_GWTXM The “Roseanne” revival was abruptly canceled by ABC Tuesday following crude, racist tweets sent by show star Roseanne Barr about former Obama aide Valerie Jarrett. And while there’s absolutely no excuse for Barr’s tweets, it’s extremely hypocritical of ABC to continue airing “The View” given all the abhorrent things the co-hosts have said
By Lance Gaitan When long-term Treasury yields started to climb mid-month and closed at a high of 3.24%, I didn’t see fundamental evidence to suggest that higher inflation was on the way. Recent economic and market developments haven’t changed my view. The 10-year Treasury yield rose to more than 3.11% early last week, while long-term … Read more
by Egon von Greyerz In 1980, global assets, including property, were less than $20 trillion. Today almost 40 years later they have grown to $524 trillion. That is a compound annual growth rate of 9% which is quite remarkable for a 38 year period. Global assets have gone up 26 fold during this period. In … Read more
Check out this raw video on facebook: https://www.facebook.com/100011305921547/videos/574791919574334/ There’s a snippet about it in this YouTube video starting at 1:33. Hawaii local, John Hubbard, opens fire on neighbor, Ethan Edwards, for trespassing. It seems clear that Mr. Hubbard was trying to scare Edwards off and not hit him, but he does point the gun at … Read more