Month: May 2019

Top 5 Biggest Facebook Scandals

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  Facebook’s troubles continue to grow: What you need to know. The social network is under fire for how it collects user data. Here’s a look at the biggest scandals that have rocked the social media giant. Data breaches, bugs and misuse- Cambridge Analytica – The scandal that kicked it all off was Cambridge Analytica. … Read more

A Tale Of Two Americas… Going South Together

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Authored by James Howard Kunstler via Kunstler.com, A 25 percent tariff on Chinese goods coming into the USA. That’ll git her done, all right – if you mean pulling the plug on America’s holographic economy. For about thirty years this is how it worked: China sent a massive volume of finished goods to us and we … Read more

Fed Warns Valuations “Elevated”, Investor Risk Appetite “High”, Risky Debt Biggest Worry

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via Zerohedge: In its semi-annual release of the Financial Stability Report today, The Fed continued to warn that asset valuations are elevated, risk appetite is high, and specifically warned about the perils of risky corporate debt. The Fed’s view on the current level of vulnerabilities is as follows: 1 . Asset valuations. Valuation pressures remain elevated … Read more

Ron Paul on The War on Cash: Authoritarians are forever trying to surveil and manipulate humanity to their desired ends.

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Authoritarians are forever trying to surveil and manipulate humanity to their desired ends. Advances in technology have surely made it easier in many respects. A very big goal, from the point of view of any true authoritarian, would be the abolition of cash. All economic transactions monitored. No privacy whatsoever. The accomplishment of such a … Read more

Joseph Stiglitz: ‘We Should Shut down the Cryptocurrencies’

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Joseph Stiglitz, a Nobel-Prize winning economist, says cryptocurrencies should be shut down. He worries that they enable illicit activity by making money transactions less transparent. Still, he sees the value in digital payments systems and supports electronic use of government-backed currencies like the dollar. https://www.cnbc.com/2019/05/02/joseph-stiglitz-we-should-shutdown-the-cryptocurrencies.html?__source=twitter%7Cmain

China says trade delegation is preparing to go to the U.S.

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(Reuters) – China’s foreign ministry said on Monday a Chinese delegation is preparing to go to United States for trade talks, after U.S. President Donald Trump said he would raise tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon. https://www.reuters.com/article/us-usa-china-trade-delegation-idUSKCN1SC0I3 From what I’ve read the two sides … Read more

The Latest: House panel to vote on holding Barr in contempt

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via ajc: WASHINGTON — The Latest on Congress and the special counsel’s Russia probe (all times local): 10:10 a.m. The top Republican on the House Judiciary Committee is calling a Democratic effort to hold Attorney General William Barr in contempt of Congress “illogical and disingenuous.” Georgia Rep. Doug Collins said Democrats “have launched a proxy war smearing the … Read more

Inflated And Overpriced Retail Real Estate Turns Manhattan Into “Wasteland”

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via Zerohedge: The Fed loves to tell us how necessary and vital inflation is for economic prosperity, but in the case of midtown Manhattan’s “prime” retail real estate, it is doing nothing but helping cause once extremely prominent shopping areas to become the very same “ghost towns” they turned into during the 2008 housing crisis. Mayor … Read more

Has The Fed Done It? No More Recessions?

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by Lance Roberts “Wow!” That is all I could utter as my brain spun listening to an interview with Chamrath Palihapitiya on CNBC last week. “I don’t see a world in which we have any form of meaningful contraction nor any form of meaningful expansion. We have completely taken away the toolkit of how normal economies … Read more

CRASH2: Banks, consumers and treasuries running on empty….why the coming cataclysm will dwarf Brexit

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by John Ward After the 2009 Crash, the Queen asked why nobody saw it coming. After Crash2, there may well be bricks hurtling through her windows. The social change that will follow an inevitable global debt cock-up is incalculable. The Slog offers some clues as to how it might start. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ If you voted to Leave … Read more

Texas bill would allow state to sue social media companies like Facebook and Twitter over free speech

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via texastribune: The proposal aims to protect users on social media platforms from censorship if a site advertises itself as impartial. Critics say the bill is too restrictive. A bill before the Texas Senate seeks to prevent social media platforms like Facebook and Twitter from censoring users based on their viewpoints. Supporters say it would protect … Read more

The ECB comes to banks’ rescue

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by independenttrader   It has been more than four months since the European Central Bank has officially finished currency printing. It would seem that it was a short period of time, and yet bankers were able to prepare themselves for several important changes. Interestingly, the ECB’s plans primarily concern the banks rescue. By all means.   … Read more

Wireless Warfare Exposed – A Mountain Of Evidence

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extremely well put together video documentary covering many points and provides undeniable proof that there are major harms going forward with wireless technology. includes cited sources, and opinions of various experts. all in all, i found it a very convincing video. i was on the fence before, but i’m definitely going to start putting my … Read more

Tucker Carlson Hilariously BLASTS MSNBC For Interrupting The Bill Barr Hearing

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https://www.youtube.com/watch?v=Zirm1VtI7-Y Phillip Stucky from The Daily Caller reports, Fox News host Tucker Carlson responded to MSNBC’s Brian Williams’ decision to fact-check Republican South Carolina Sen. Lindsey Graham’s speech during Attorney General William Barr’s Wednesday hearing on Capitol Hill. Read More/Source/Credit/FairUse: https://dailycaller.com/2019/05/01/tu…  

Claudio Grass: Turkey’s Inevitable Recession

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by Claudio Grass via Claudiograss.ch Turkey has been almost constantly in the news over the past year, as troubling headlines about its economy and political situation continue to pile up. In a currency meltdown that escalated last summer, the Turkish lira has plunged by nearly 40%, threatening the Turkish economy as a whole. In January, inflation topped 20%, … Read more