Trump hit China with new tariffs this week on $300 billion of goods. His trade negotiation team came back from China without a deal and no deal in site. The tariffs go along with the 25% tariffs already on more than $200 billion in Chinese made goods. They say consumers in America are paying for … Read more
by WARREN MOSLER Deceleration continues- see chart: Highlights How far along the rate-cut path will the Fed go? Maybe a bit further given a middling employment report where an important detail is pointing to big trouble for the next industrial production report. First the headlines as nonfarm payroll rose 164,000 which is actually 13,000 above … Read more
SHANGHAI—An accounting scandal has disrupted dozens of initial public offerings and other fundraising plans in China, intensifying investor concerns about the amount of trust they can place in audited financial results in the country. In recent weeks, a string of Chinese companies have halted financing plans, with many saying the China Securities Regulatory Commission was … Read more
by DominarRygelThe16th Most people never realize how rich the Rothschild family is. Modern sources tracking wealth always exclude the Rothschilds from the richest lists.
by WeAreTheResistance This little chicken hawk warmongering POS Josh Rogin dutifully wrote a hit piece on Tulsi claiming her position on Syria was “un-American”. Little Josh here is still rather butt hurt that Tulsi came out and stood up Barack Obama when he was arming terrorists there. Is arming terrorists American Josh? He even has … Read more
Baffled dental surgeons removed some 526 teeth from a fleshy sack that had grown inside the mouth of a seven-year-old boy who was living with a rare condition known as “compound composite ondontome.” The boy had experienced painful swelling in his lower right jaw since the age of three but refused medical care. After another … Read more
@13:50 on If escalation continues with Iran and war starts, kiss the markets goodbye. AC
by ShibbyHaze1 Monopolies: The Death Knell Of Capitalism – it’s described here They demonstrate the central role played by monopoly finance capital in economic life: ‘the Big 5 institutional investors – Blackrock, Vanguard, State Street, Fidelity, and JP Morgan – now own 80% of all stock in S&P 500 listed companies’; and they argue that … Read more
For More Information See: https://www.scribd.com/document/42037…
via theepochtimes: President Donald Trump took to his Twitter account on July 27 to begin calling attention to the horrible conditions that exist for the people of Baltimore, especially those who live in Maryland’s 7th district. The congressional representative for that district happens to be Elijah Cummings, the current chairman of the powerful House Oversight & Reform Committee. “Rep, Elijah Cummings has … Read more
via ibtimes: A woman from Ohio was hospitalized for more than 80 days and had her limbs partially amputated after contracting severe bacterial infection from dog saliva. Marie Trainer told told Fox 8 Cleveland that said she has no recollection of what happened. All she recalled was feeling sick. When she woke up, she learned she was in … Read more
Democrats warn of Trump trap. House Democrats up in arms over President Trump’s attacks on minority lawmakers are sounding a warning to their own party heading into the 2020 elections: Don’t take the bait. While Democrats have rushed to the defense of Rep. Elijah Cummings (D-Md.), the prominent Congressional Black Caucus member Trump has attacked this week, they … Read more
FAKE homeless people making $1000 a WEEKEND, police warn ABILENE, Texas (KTXS) — An Abilene man — who appears to be homeless and handicap — is making a good living by panhandling on weekends, according to the police chief. Chief Stan Standridge said the man panhandles every Saturday and Sunday at the intersection of Hwy … Read more
President Donald Trump pledged on Thursday to maintain tariffs on China until a trade deal is reached. “Until a deal is reached, we’ll be taxing the Hell out of China,” Trump told a rally of supporters in Cincinnati, Ohio. Trump announced earlier on Thursday that the U.S. would extend tariffs to around $300 billion of Chinese goods … Read more
WAIT! YOU MEAN GOVERNMENT DOESN’T CREATE THE MONEY IT GIVES AWAY! UN-POSSIBLE! IF THAT WERE TRUE, SOCIALISM WOULD NEVER WORK! via victorygirlsblog: Presidential candidate Andrew Yang cheerfully touted his “Freedom Dividend” during last night’s debate. We will save our economy and Americans by gifting them with $1,000 a month! WOOOO! According to Yang, robots (whom CNN just … Read more
President Trump cut off US funding for the United Nations Relief and Works Agency for Palestine Refugees last September because UNRWA is “irredeemably flawed.” In fact, it’s worse than he thought. An internal ethics report leaked to the press this week exposed a corrupt UNRWA “inner circle.” Notably, its married director, Pierre Krahenbuhl, allegedly created a position … Read more
by Doug Casey For some time, I’ve been saying that the economy is in the “eye of the storm” and that when it emerged, the weather would be far rougher than in 2008. The trillions of currency units created since 2007, combined with artificially suppressed interest rates, have papered over the situation. But only temporarily. When … Read more
from GATA Trump not alone in seeking lower dollar, as lawmakers unveil foreign investor tax By David J. Lynch Washington Post Federal Reserve Chair Jerome H. Powell has spent several months fending off President Trump’s demands to lower the value of the dollar to help American manufacturers sell their goods abroad. Under a bipartisan Senate bill … Read more
from Zero Hedge While it is common knowledge that the US budget deficit is soaring even though the US economy is allegedly growing at a brisk, mid-2% pace (and yet the Fed is about to cut rates), resulting in recurring bond trader nightmares about funding the growing twin US deficits (Budget and Current Account), what few … Read more
President Trump’s recent tweets about Baltimore, rats, and the city’s political leadership have roiled Washington and prompted another round of cries of “racism” from the usual race hustlers, who are seeking out every camera they can find. But rather than focus on whether or not Trump is a racist, how about we focus on the … Read more
via freebeacon: A redesign of the California Department of Corrections and Rehabilitation website will make it harder for voters to inspect Sen. Kamala Harris’s controversial record as the state’s top cop. The department removed public access to a number of reports on incarceration in the state, including when presidential candidate Kamala Harris (D.) was California’s attorney … Read more
via morningstar: The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner … Read more
via MarketWatch: After years of feverish remodeling activity, Americans are starting to cool on home improvement projects. The annual gain in homeowner spending on home improvements and repairs is expected to drop from 6.3% during the current quarter to less than 1% by the second quarter of next year, according to the Leading Indicator for Remodeling … Read more
