Welcome to the new FEUDALISM SERFS: Servant Class’ that Serves the Rich Among Fastest Growing U.S. Workforces

A “servant class” that serves the needs of the country’s top one percent is among one of the fastest-growing job markets in the United States, economic analysis finds. As about 1.2 million mostly low-skilled legal immigrants are admitted to the U.S. every year to take primarily low-wage jobs, an underclass of servants for the wealthy … Read more

Gold Gains 1.7% and Silver Surges 4.9% After Weak U.S. Data Compounds Global Recession Fears

by GoldCore * Gold gained 1.7% and silver surged 4.9% yesterday after weak U.S. manufacturing data reinforced fears of a U.S. and global recession * The escalation in the U.S.-China trade war and the political shambles in the UK and Brexit further bolstered gold bullion’s safe-haven appeal * U.S. manufacturing activity contracted for the first … Read more

BREXIT BUST: ‘Chlorinated chicken,’ ‘big girl’s blouse’ — Boris taunts Corbyn on election… UK Super-Rich Prepare to Flee

“Chlorinated chicken” and a “big girl’s blouse” – UK PM Johnson taunts Corbyn on election LONDON, Sept 4 (Reuters) – A “chlorinated chicken” and a “big girl’s blouse” – British Prime Minister Boris Johnson kicked off his first questions in parliament by goading opposition Labour leader Jeremy Corbyn for not backing a new general election. … Read more

TESLA owners locked out of cars as app goes down

Connected things are wonderful until they fail on you. Numerous Tesla owners allegedly experienced this today as they got locked out of the car because the app was apparently down for maintenance. Several users took Twitter to pour out their agony. Some of them were logged out of the app and weren’t able to use it to unlock … Read more

Proof that your vote doesn’t count: Tory MP defects to Liberal Democrats and leaves government with no working majority

A very dark day for British democracy – The political class has taken back control – from the people. Today has been a very dark day for democracy in the United Kingdom. Don’t believe for one minute the self-aggrandising claims of the Remainer establishment and its noisy cheerleaders in the media. Tonight’s vote by MPs … Read more

China’s Currency Has Its Worst Month In 25 Years

by Jason Burack via Wall St For Main St China’s currency, the Yuan or RMB, had its worst month in 25 years since 1994 when the country’s currency reform began. China’s yuan on course for worst month since 1994 China’s currency is poised for its worst month on record after weakening beyond the barrier of 7 yuan per … Read more

China just surrendered to Hong Kong

by futuretrollshark Hang seng up almost 1000 points after China withdrawing the extradition bill https://www.cnbc.com/2019/09/04/asia-markets-sept-4-australian-q2-gdp-us-china-trade-currencies.html If china just gave in to a city of wanna be westerners, I think they might give in to a country of actual westerners  

Despite Trump Tariffs U.S. Firms Still Bullish on China, But for How Long?

Despite President Trump’s punitive tariffs on Chinese imports to the U.S., American businesses seem bullish on China, with profits up, and few interested in moving manufacturing out of the People’s Republic. They say they’ll stay even though they think China cheats them and favors their competitors. But Bill Whittle sees trouble down the road for … Read more

Iran is blackmailing the EU. Costs, 15 billion. A two month deadline.

by A2 https://english.alarabiya.net/en/News/2019/09/04/Rouhani-says-agreement-with-EU-over-2015-nuclear-deal-unlikely-.html Meanwhile the PRC and Iran signed a comprehensive strategic partnership in 2016. recently updated and will include: China will invest $280bn developing Iran’s oil, gas and petrochemicals sectors may be front-loaded into the first five-year period of the deal with further amounts available in every subsequent five-year period will be another $120bn … Read more

This Is What Social Media Is Doing To Us…

by Michael Snyder Scientific study after scientific study is showing that too much time on social media can be extremely harmful both mentally and physically.  But even though most of us know this, very few of us actually alter our behavior in a meaningful way.  When Facebook, Twitter, YouTube, Instagram and other major social media … Read more

The Economic Future Of A Negative Interest Rate World

Authored by Colin Lloyd via The American Institute for Economic Research, Following on from my previous article — “The Pension Fund Apocalypse” – these are just a few of last month’s stories. Danske Bank of Denmark introduces the first negative 10-year fixed-rate mortgage. The German Finance Ministry voices disappointment at the lack of demand for … Read more

Wall Street Gears Up For Onslaught Of Oil & Gas Bankruptcies

By ZeroHedge   Oil and gas companies are facing an onslaught of bankruptcies as the “shale revolution” appears to be coming to an unceremonious end, at least on Wall Street, according to the Wall Street Journal. Companies like Sanchez Energy Corp., Halcon Resources Corp. and 26 other oil and gas producers have all filed for bankruptcy this year, already … Read more