Month: September 2018

GOLD: THE DAY OF RECKONING APPROACHES

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With total global debt surpassing $233 TRILLION in 2017, we are well down the path of destruction of all fiat currencies, the only question is this: How much time do we have left before the day of reckoning arrives? Patrick Donnelly, an Independent Director and Geologist for Harvest Gold joins me to discuss. This interview … Read more

Congressmen Introduce Bill To End Taxation Of Gold & Silver

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via the Sound Money Defense League Washington, DC (September 7, 2018) – The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act – backed by the … Read more

Obama’s Economy: “That’s one of the lowest numbers we’ve seen in years.” “That’s a horrific number.”

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Obama’s Economy: “That’s one of the lowest numbers we’ve seen in years.” “That’s a horrific number.” VS. Trump’s Economy: “That’s a wow number.” “It keeps getting better and better and better.” See video will blow you away Obama’s Economy: “That’s one of the lowest numbers we’ve seen in years.” “That’s a horrific number.” VS. Trump’s … Read more

Liberal logic: Cynthia Nixon wants single-payer health care for NY but you have to “pass it to figure out how to fund it”

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by DCG Imagine going to your boss with a great idea for the company and then saying you don’t know how to fund it. From Fox News: In her quest to become New York’s next governor, Cynthia Nixon has advocated for a single-payer health care system in the state – something studies have shown would be a costly endeavor. The proposed … Read more

Of course: California DMV botched 23,000 voter registrations

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by DCG From SF Chronicle: The state Department of Motor Vehicles incorrectly registered 23,000 people to vote, including putting the wrong political party and vote-by-mail preferences for those Californians, the embattled agency said. The DMV, which has been criticized for excessive wait times in its offices despite millions in new funding, said Wednesday that the erroneous voter registration data … Read more

Significant Activist Hedge Fund Activity (Last 7 Days)

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by badpauly These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed … Read more

Trump Floors EVERYONE With 9 Word Declaration Sending CHILLS Down The Spines of Any 2020 Challengers

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https://www.youtube.com/watch?v=Xcelqwu94b8 Amanda Prestigiacomo for the Daily Wire reports, Fired up from the bombshell New York Times editorial written by an anonymous source claiming to be a senior member of the Trump administration and part of the “resistance,” President Donald Trump declared to a packed room at the White House that “nobody is going to come … Read more

WORLD STOCK MARKET MARKET CAPITALIZATION VS FED BALANCE SHEET

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https://twitter.com/OccupyWisdom/status/1038772764306563075 Markets are just losing the "easy money" froth…. Fed balance sheet shrinks $260bn, market corrects $1.6 trillion. Sounds about right. https://t.co/uSgE3WJwYb — Daniel Lacalle (@dlacalle_IA) September 9, 2018 "Mission Accomplished" -10 yrs later the bubble today makes the prior two look pedestrian. FYI…we didn't double the nat'l debt under the prior two bubbles (into … Read more

Identifying leading causes to recessions

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via Iforgotmyhandle: Background I’m a software engineer that has been learning about Spark lately and leveraging data to figure out new information. As a pet project, I want to build a tool that can identify red flags in the economy and try to predict when the next downturn is. This is my first attempt of trying … Read more

What a housing / commercial property bubble looks like: “Hong Kong’s Rich Get Richer Flipping Floors in Property Frenzy”

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via Bloomberg: In Hong Kong, a city of property superlatives, add this one: World capital of flipping office floors. Logistics heir Johnny Cheung Shun-yee made roughly HK$900 million ($115 million) in about nine months by buying and selling two floors of the city’s most expensive office building, based on estimates in local media reports. Dubbed … Read more

Interesting timing: Alibaba’s Jack Ma, China’s Richest Man, to Retire From Company He Co-Founded

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NYTimes article HONG KONG — Alibaba’s co-founder and executive chairman, Jack Ma, said he planned to step down from the Chinese e-commerce giant on Monday to pursue philanthropy in education, a changing of the guard for the $420 billion internet company. A former English teacher, Mr. Ma started Alibaba in 1999 and built it into … Read more

A summary of Tesla’s red flags so far

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by VisheshRai Bought solar city to bail out musk and his cousin Brother sits on board 14% first pass rate at factory Long list of senior executives leaving in past two years. “Funding Secured” but Saudis invested in competitor No chief of accounting at the firm throughout this year’s filings Suppliers not getting paid, some … Read more

The current cloud rivalries between Google, Microsoft, and Amazon

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by raddingy AWS is tailored for companies to move off of existing “legacy” datacenter operations into the cloud. They also have companies by the balls and, honestly, ethically I dislike them (though I haven’t really used anything else besides AWS). Developing in it is super nice. Microsoft is built around, well, traditional Microsoft technologies. They really … Read more

How a US Foreign Service Officer Can Retire at 50

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via dipsplode: The Perks of Being a Wallflower FSO So, FedFIRE? Well, if you’re a federal employee, there are a couple of ways to retire early, and plenty of routes to financial independence, but I happen to be in the unusual (in a good way) position of being able to retire as early as 50 under the Foreign … Read more

African Swine Fever is causing alarm in China (along with fears of inflation)

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https://www.economist.com/china/2018/09/08/african-swine-flu-is-causing-alarm-in-china-and-beyond From the article: This time the pig fever is stoking fears of inflation. The cost of pork has an inordinate effect on the consumer-price index. With a fifth of the world’s population, China consumes half its pork. The government has set up a strategic pork reserve to keep the price stable. The blue-ear pig-disease … Read more

Zambia is defaulting on it’s loans with China and now China is set to take over the national power utility ZESCO.

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via openzambia: The publication Africa Confidential has revealed that secret talks are underway for a Chinese company to takeover ZESCO. This is yet another instance of Zambia handing over sovereignty to the Chinese, putting us in a dubious position should we default on loans, leaving the Chinese to seize government assets.   In a report titled … Read more

News leading up housing collapse

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I’m trying to find news or other media concerning a bubble prior to the 08 housing crash. For example If jib jab knew it was coming 2 years prior there had to be other sources. http://www.econ.yale.edu/~shiller/pubs/p1089.pdf I remember subprime started deteriorating in late 2006, people were following this mortgage implode website around that time. https://ftalphaville.ft.com/2007/03/08/3036/subprime-carnage-and-the-mortgage-lender-implode-o-meter/ … Read more

The Financial Elite Are Dumping Massive Amounts Of Stock, VIX Volatility Index Signaling Caution

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h/t @StockBoardAsset  https://www.zerohedge.com/news/2018-09-08/cautionary-sign-insider-selling-soars-10-billion-amid-record-buybacks COT Report: $VIX Volatility Index Signaling Caution via @hedgopia The chart and data that follow highlight non-commercial commodity futures trading positions as of September 4, 2018. This data was released with the September 7, 2018 COT Report (Commitment of Traders). The chart below looks at non-commercial futures trading positions for VIX Volatility Index futures. For … Read more