By Irina Slav Excess supply of gasoline coupled with slow demand has pressured refiners margins, Reuters reports, noting refining margins for the fuel in the United States sank to US$45.70 a barrel yesterday. The drop follows the fourth weekly increase in gasoline inventories in the U.S., all of them quite hefty, leading to an all-time high … Read more
BY JOHN MAULDIN There’s no end in sight to the trade war between the US and China. Beijing has many tricks up its sleeve. But China’s labor market has its own dynamic. The first signs of Chinese economic weakness are showing up. A Deteriorating Job Market From my friends at Gavekal Dragonomics, written by Ernan Cui: China’s … Read more
From Birch Gold Group As we enter 2019, the U.S. national debt continues to grow, approaching $22 trillion with global Government debt sitting at $72 trillion. It seems like the 21st century is hitting the U.S. with a debt “haymaker,” according to CNBC (emphasis ours): U.S. debt began accelerating at the turn of the 21st century. The total jumped 85 percent … Read more
via Jim Kunstler Ill winds sweep across the fruited plain in the cruel heart of winter. America can resolve nothing. The state-of-the-union is a kind of hysterical nausea, and the nation hunkers into its crib of toxic diverse identities waiting for history to bitch-slap it back on its feet. History’s big sister, Reality, stands by, witnessing all. Spring… … Read more
BANK RUN TAKING PLACE IN FRANCE 25 January 2019 “Yellow Jacket” protesters have actually commenced a BANK RUN against banks in France today. Hundreds are lined up outside bank branches and Automated Teller Machines pulling out their money. This effort was first put forth as an idea about two weeks ago, but nothing much seemed … Read more
by Simon Black It’s been more than a month since the federal government shut down. We all know the familiar story of the 800,000+ workers, and the millions of contractors, who are not receiving paychecks. (Plus there are millions of other workers and small businesses in the private sector whose incomes depend at least partially on … Read more
BY SRSROCCO The second largest copper mining company in the world saw its stock price plummet by nearly 15% today due to poor earnings. Freeport-McMoRan’s fourth-quarter net income fell nearly 90% compared to the same period last year. The large decline in net income was attributed to falling production, due to scheduled maintenance, and lower … Read more
by Daniel LaCalle via Mises Wire The recent macroeconomic data of the leading economies point to a widespread slowdown. What is more concerning is not just a logical moderation in the path of growth, but the acceleration in the weakening of economies that were supposed to be stronger and healthier. It is even more concerning that this aggressive … Read more
by WARREN MOSLER Agent Orange, AKA Tariff Man, taking down the global economy: Intel Projects Slower Revenue Growth This Year (WSJ) Intel Corp. reported a 9% gain in revenue. Customers’ robust appetite for server chips boosted data-center businesses by 45% through the first nine months of 2018, but now those buyers need to digest those … Read more
BREAKING: Pelosi and Schumer REACT After President Trump Gives them 3 Weeks To Fund the Wall https://www.youtube.com/watch?v=O2_fx383evo
via KXAN: An evaluation by the Texas Secretary of State’s office discovered that about 95,000 people identified by the Texas Department of Public Safety as non-U.S. citizens have a matching voting registration record. The state claims 58,000 of those people voted in one or more state elections over 22 years. For perspective, during the 2018 Gubernatorial election, more than … Read more
A dam has failed at an iron ore mine in southeastern Brazil, unleashing a massive mudflow that buried the mining site and reached a nearby community, local officials say. At least 50 people were killed. The incident happened on early Friday afternoon when a tailings dam holding mining waste failed in Brumadinho, a town … Read more
via fox5dc: FOX NEWS – As the gun-control debate continues to rage, a survey released this month by the Department of Justice (DOJ) showed that many armed criminals have relied on the black market for guns. Based on the 2016 Survey of Prison Inmates (SPI), about 1 in 5 – 21 percent – of all state and federal prisoners … Read more
by Jesse “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of … Read more
by TrailDust Operation Mockingbird Choking Off The Truth A Youtube search for Roger Stone on the morning of his arrest returned results that amount to a Swarm of Mockingbirds What you see in the picture is the top results of my search, all or most are Mockingbird Media. Mockingbirds in the order of their appearance: CBS, CNN, … Read more
NOTE there are speculations of who Person 1 and 2 are. Names being tossed out include Jerome Corsi and Randy Credico… Steve Bannon was also thrown out as a possible “Trump Administration” contact. http://www.shtfplan.com/headline-news/roger-stone-arrested-by-fbi-bannon-idd-as-senior-campaign-official-cited-in-indictment_01252019
Fox Business, Released on 1/22/19 Allianz chief economic adviser Mohamed El-Erian on why he believes that the Federal Reserve will cut rates in 2020 and the strength of the U.S. economy. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of … Read more
Wall St. For Main St., Released on 1/24/19 Jason talks about how the IMF just downgraded their global economic growth forecast again. This is now twice in the last 3 months. Also, Jason talks about how the Chinese economic data that the CCP is releasing is the worst in 30 years.
Via The Daily Caller Snopes refused to correct an inaccurate fact-check calling it “unproven” that American Indian activist Nathan Phillips falsely claimed to be a Vietnam veteran. It’s a proven fact that Phillips falsely claimed to be a Vietnam veteran. Both Facebook and Google give Snopes preferential treatment on their platforms. Snopes, a left-leaning fact-checking … Read more
via liveaction: New York Governor Andrew Cuomo is already notorious among pro-lifers for being one of the most pro-abortion politicians in the nation. The state he serves already has one of the highest abortion rates in the country, but he has been continually fighting to make abortion even more widespread and commonplace in New York. Now, … Read more
by TFittonJW Maybe a @JudicialWatch FOIA will uncover how CNN found out about the Stone raid. — Tom Fitton (@TomFitton) January 25, 2019 I live in Ft. Lauderdale and have been on the phone with reporters all morning. None. Not one, except for a remote CNN crew, knew about Roger Stone’s arrest. That’s not gut … Read more
by John Rubino Frank Holmes: “Once this is done, gold will soar” … Jimmy Dore covers the Whoopi/AOC and Coventry Catholic High controversies … Danielle Park: Stocks headed back down … Peter Schiff: “It’s not the Fed’s job to perpetuate bubbles” …