Jim Hoft from The Gateway Pundit reports, A very loud protester in a Trump MAGA hat screamed at Rep. Alexandria Ocasio-Cortez as she entered the Customs and Border Protection (CBP) in El Paso on Monday. The Hispanic protester was wearing a Trump MAGA hat and screamed at AOC, “Piece of sh*t! Do your job. Do … Read more
by Brandon Smith Technology can be dazzling but also debilitating to real human progress, and when I say “progress” I do not mean advancements in the world of machines but advancements in the world of people, and one does not necessarily lead to the other. First, I fully recognize that whenever anyone attempts to criticize technological … Read more
By Nick Cunningham U.S. natural gas prices have collapsed since the end of winter, even as inventory levels remain below average levels for this time of year. Henry Hub prices spiked in the fourth quarter of 2018 due to record levels of demand, cold weather, and historically low inventories. But prices remained elevated, over $4/MMBtu, for only … Read more
by elonsblunthand Facebook is having a glitch right now with photos and and you can see all the tags they’ve put on our personal photos. Wondering why they would be tagging photos (including photos of children) in this way? Maybe to sell them, to track people, for AI /facial recognition or something similar… Reminds me of … Read more
Jason talks about how the DOW, S&P 500 and Nasdaq Composite all achieved all time highs on Wednesday, July 3rd and the Fed has not even ended QT, started cutting rates or restarted QE officially yet. 1) Dr. Mark Thornton explains what a ‘Crack Up Boom’ is: https://mises.org/library/crack-boom 2) The Return of the Worldwide Crack … Read more
Cryptocurrency analyst Taylor Letterman of Simpler Trading joins Scottie Nell Hughes to discuss the Blue Bit Banc and Blue Bit Analytics executive who was sentenced to 86 months in prison after defrauding investors of $800,000 by promoting an essentially worthless fake digital currency.
https://www.youtube.com/watch?v=bRKywvjlPQE
This whistleblower makes the case that the biggest tech companies are controlled by the government, and Eric Schmidt gave China whatever they asked for. Crazy stuff. h/t Playaguy
by WARREN MOSLER Light vehicle sales peaked a while back: Been helping to support the $US: Eurozone Retail Sales Fall Unexpectedly Retail trade in the Euro Area fell 0.3% in May, following a 0.1% drop in April and missing expectations of a 0.3% growth, as sales declined for all main categories. Among the bloc’s largest … Read more
by Lance Roberts Factory new orders are down year-over-year and barely afloat excluding transportation. Inventories are a concern. The monthly report on Manufacturers’ Shipments, Inventories and Orders, shows strong signs of a manufacturing sector that has peaked. New Orders New orders for manufactured durable goods in May, down three of the last four months, decreased $3.1 billion … Read more
by Martin Armstrong QUESTION: You said the “crash is in the debt markets”. Can you please explain how that will evolve? Liz M. ANSWER: Once upon a time before 1971, there used to be a difference between debt and cash. Government bonds were not acceptable for collateral. You could not borrow against them. You had to … Read more
by Martin Armstrong Christine Lagarde will replace Mario Draghi come the end of his term. Of course, the IMF has not been entirely supportive of Draghi’s policies. But she is predominantly a lawyer and does not have the experience in how markets function (reliable internal sources). She has no idea of what she is walking … Read more
by independenttrader Over the last year, dollar was doing very well, which limited increases in gold prices. However, temporary weakness of the American currency was enough for that metal to immediately rise to its 6-year high. Resistance defeated As a reminder: after soaring to all time high in 2011, gold cost 1950 USD. In the … Read more
Watch the latest video at foxnews.com The 9th Circuit Court of Appeals on Wednesday upheld an injunction barring the Trump administration from repurposing approximately $2.5 billion in Pentagon money to the Department of Homeland Security to build a border wall with Mexico, prompting the White House to promise an immediate appeal. A divided three-judge panel on the appellate court … Read more
BY PATRICK WATSON Investors are in a buying mood despite many economic warning signs. Why? For some, it’s because they expect the Federal Reserve to cut interest rates and otherwise “stimulate” the economy. They believe (correctly) it would drive stock and real estate prices higher. At the risk of stating the obvious… higher asset prices … Read more
by John Ward As BoJo rails against punishing sin (as you’d expect) Tom Watson has landed the lead role as Nanny in the End of the Pier Show, the Met Police has a Facebook disaster on its hands, and the EU has appointed a quadrangle of three-time losers to its top jobs. The only person now … Read more
Authored by Michael Krieger via Liberty Blitzkrieg blog, As Americans head off to Independence Day celebrations, they’ll be greeted with a plethora of headlines about record highs in the U.S. stock market. What I find most interesting about the latest bout of exuberance is the fact that priced in gold, stocks remain far below last fall’s … Read more
by visualcapitalist The economist John Maynard Keynes famously called gold a “barbarous relic”, suggesting that its usefulness as money is an artifact of the past. In an era filled with cashless transactions and hundreds of cryptocurrencies, this statement seems truer today than in Keynes’ time. However, gold also possesses elemental properties that has made it an … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Carmageddon for cars. But big equipment is hot and gets pricier. Ford waited until today to report its second-quarter new-vehicle deliveries in the US. So now we know what happened to total US auto sales in the second quarter and in the first half this year, and it wasn’t pretty. New-vehicle … Read more
by Egon von Greyerz Don’t let your bank hold your gold. They might not find it. A gold investor told us recently that his Swiss bank had moved the client’s gold from the bank’s safe to a private vault in the name of the bank, in Zurich. The client was aware of this move. But … Read more
via nypost: For the haters, it’s open season on the American ideal. Colin Kaepernick doesn’t like today’s American flag because it reminds him of police brutality and he doesn’t like Betsy Ross’ O.G. flag because it reminds him of slavery. I’m starting to think maybe Colin Kaepernick is not so fond of the flag, or of … Read more
Vietnamese-Americans tell us why Trump needs to be elected in 2020. AC
GET WOKE, GO BROKE? Mad Magazine to Effectively Shutter After 67 Years: The beloved satire publication will no longer be sold on newsstands after the August issue, and future editions will no longer feature new content and instead shift to previously published material — with new covers. MAD Magazine, the irreverent and highly influential satirical magazine that gave … Read more
