Within the last 72 hours, Antifa has: plotted to buy weapons a drug cartel for “armed rebellion,” violently attacked a journalist, been called a good cause by CNN.

SEDITION: FBI Investigating Antifa For Plotting To Buy Guns From Cartel For ‘Armed Rebellion.’ Follow the money. Plus: Antifa is known for using violent means, including in protests against peaceful conservative speakers, free speech advocates and even journalists. The well-documented instances of violence include a protester repeatedly punching a man in the face, throwing water bottles and … Read more

President Trump Sues To Stop Deutsche Bank, Capital One From Releasing Financial Records

via silverdoctors: President Trump and Deutsche Bank are back in the news. From CNN: (CNN)President Donald Trump, three of his children — Donald Jr., Eric and Ivanka — and his business are suing two banks to block them from turning over financial records to congressional committees that have issued subpoenas for the information. It’s the second attempt in … Read more

“Where Will We Get the Money for This Spending?

By John Mauldin The US, Europe, and most of the developed world on are the road to Japanification. The rest of us will begin to look like Japan with its astronomical deficits and ultra-dovish monetary policy. We will see financial repression, ever increasing deficits, slower growth, etc. This is not the end of the world. … Read more

GDP detail, Business optimism, Personal Income, Chicago PMI, US pending home sales, China news

by WARREN MOSLER Personal income not doing so well, as growth keeps ratcheting down: China April factory growth unexpectedly slows as economy struggles for traction (Reuters) The official Purchasing Managers’ Index (PMI) for manufacturing fell to 50.1 in April from March’s reading of 50.5, which was the first expansion in four months, data from the statistics bureau … Read more