Gov. Moonbeam vetoes bill to bar immigration arrests at courthouses

by DCG I have no doubt that this will eventually become a law. Brown is just trying to make sure it’s completely defensible against the feds. From SF Gate: Gov. Jerry Brown vetoed a bill Thursday that would have ensured undocumented immigrants illegal aliens would not face civil arrest when going to court on another matter. SB349 by Sen. Ricardo … Read more

Mosquito-pocalypse is in full effect! Mosquitoes 3 times larger than normal

Mosquito swarms are attacking in flooded areas of North Carolina! Mosquito experts say that floodwaters can cause eggs that would have otherwise laid dormant for over a year to hatch – sending billions of the vicious parasites into the air. The ones plaguing the Carolinas are called “Gallinippers,” or “Psorophora ciliata,” according to entomologist Michael … Read more

Rising Mortgage Rates Meet Canada’s Housing Bubble

Wolf Richter with Jim Goddard on This Week in Money: Interest rates will continue to rise in the US and Canada. In both countries, potential buyers face affordability issues, which puts a damper on demand. But in Canada, variable-rate and adjustable-rate mortgages dominate (while ARMs are only 6% of all mortgage originations in the US), and currenthomeowners … Read more

Gerald Celente – Economic Meltdown Worse Than Great Depression Coming, Economic 9/11 Markets Will Collapse

Renowned trends researcher Gerald Celente is making a big change to his 2018-2019 economic forecast. What is the timeline for this coming market meltdown? Celente says, “The timeline is tough, but look . . . all you need is one major failure or one major hedge fund pulling out because that’s who is running the … Read more

Report: Most Americans Skeptical of Trade’s Benefits

by Spencer P Morrison, NEE Most Americans Support Trade Theoretically, but Don’t See Practical Benefits New public opinion data from Pew Research finds that while Americans support global trade in principle, many are skeptical of its practical benefits—particularly regarding job creation and wage improvements.   Pew’s report is based on surveys conducted among 30,133 respondents in 27 countries between … Read more

US Debt and the Restraint of a Gold Standard

by Jesse Although FDR ended the use of gold in domestic circulation as currency in 1933, the US dollar remained on the gold standard until 1971.   The international currency system was formalized by the Bretton Woods Conference in 1944. When Nixon arbitrarily shut the ‘gold window’ in 1971 the world entered a reserve currency system … Read more

Immigrants Won’t Pay for Our Pensions—We’ll Pay for Theirs

by Spencer P Morrison, NEE Ask any Democrat why they support open borders and they’ll invariably respond with one of two pre-digested answers: because “diversity is our strength” and “we need immigrants to pay for our pensions.” The first argument is a sham: if liberals valued diversity they would welcome conservatives to college campuses and tolerate … Read more