US Air Force F-35 crashes during ‘routine’ training flight in Florida, 2nd loss for base in several days

A US Air Force F-35 Lightning II combat aircraft was lost during a training mission in Florida. The incident comes just days after another military jet crashed near the same airbase. The jet belonging to the 58th Fighter Squad crashed at around 9:30pm local time while conducting a “routine” night training flight, Eglin Air Force Base in … Read more

Millions of Americans Skip Credit-Card, Car Payments… Cash, long a refuge in uncertain times, now under suspicion

Millions of people are behind on their credit-card and auto-loan payments, the latest sign of the coronavirus pandemic’s financial devastation. Lenders in April had nearly 15 million credit cards in “financial hardship” programs, such as deferral programs that let borrowers temporarily stop making payments, according to estimates by credit-reporting firm TransUnion. That accounts for about … Read more

China’s new outbreak shows signs that coronavirus could be changing. Brazil records its worst daily death toll from coronavirus

https://www.japantimes.co.jp/news/2020/05/20/asia-pacific/science-health-asia-pacific/china-new-coronavirus-outbreak/ Chinese doctors are seeing the coronavirus manifest differently among patients in its new cluster of cases in the northeast region compared to the original outbreak in Wuhan, suggesting that the pathogen may be changing in unknown ways and complicating efforts to stamp it out. Patients found in the northern provinces of Jilin and Heilongjiang … Read more

Iran’s Currency Drops To Near All-Time Lows Against US Dollar. China uses new and renovated buildings in Africa for spying: report

https://en.radiofarda.com/a/iran-s-currency-drops-to-near-all-time-lows-against-us-dollar/30623944.html The depreciation of Iran’s currency against the U.S. dollar has continued in recent days, reaching near all-time lows as the country faces multiple economic challenges. Iran’s rial on Wednesday came close to 180,000 against one U.S. dollar, registering an 11 percent decline in the past two months. The rial has also lost value against … Read more

The World May Be Going to Hell, but It’s Still Nice to See Huge Profits with Nick Santiago (Ep. #38)

from Daily Market Wisdom with Nick Santiago For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring … Read more

Fight The Fed

by jessefelder “In my opinion, you have to be wildly optimistic to believe that corporate profits as a percent of GDP can, for any sustained period, hold much above 6%. One thing keeping the percentage down will be competition, which is alive and well. In addition, there’s a public-policy point: If corporate investors, in aggregate, … Read more

The Global Forest Fire Is Here

by Egon von Greyerz It drives you absolutely mad to see a whole world living a lie. How can anyone believe that the fake world the Fed and their fellow central bankers have created has anything to do with reality. We have fake money, fake markets, fake companies, fake banks, fake interest rates, fake income, … Read more

Holy crap. “.. only one of them has received funding” – the Secondary Market Corporate Credit Facility.

Holy crap. ".. only one of them has received funding" – the Secondary Market Corporate Credit Facility. But that's literally also the one that's illegal. The Fed can't "leverage" public funds 10-to-1 because CORPORATE DEBT IS NOT ITS OWN COLLATERAL @CREWcrew @ChrisVanHollen https://t.co/tuf3Qc9Fkn pic.twitter.com/tTg2yul76r — John P. Hussman, Ph.D. (@hussmanjp) May 20, 2020

The Fed has broken the very concept of markets.

https://twitter.com/NorthmanTrader/status/1263048041352888321 https://twitter.com/hks55/status/1263124303014506502 https://twitter.com/hks55/status/1263107542101766153 United States Debt Holders By Size. Japan is the second largest holder of Treasuries. pic.twitter.com/Wfz44kCeDT — Daniel Lacalle (@dlacalle_IA) May 20, 2020 Central banks are causing massive inflation in sovereign bonds and disguising real risk. In any case, it will not deliver stronger growth. Just more debt. pic.twitter.com/GJNmkBQ7Pc — Daniel Lacalle (@dlacalle_IA) … Read more

Grenell Moab #3 >> Susan Rice Memo Declassified and Released – Confirms Discussion About Flynn as Subject of FBI Investigation: // On January 5, 2017, President Obama and Susan Rice were discussing incoming National Security Advisor Michael Flynn with FBI Director James Comey

by sundance Acting DNI Richard Grenell declassified the hidden paragraph of the Susan Rice memo and it was released earlier today.  Our suspicions about the content of the redacted paragraph being Michael Flynn connected are confirmed. On January 5, 2017, President Obama and Susan Rice were discussing incoming National Security Advisor Michael Flynn with FBI Director … Read more

Dam Fails in Central Michigan; Evacuations Underway

  Residents in two central Michigan towns were told to evacuate immediately Tuesday evening after floodwaters caused a dam to fail. Emergency officials in Midland County, about 150 miles north of Detroit, had earlier warned residents along Wixom and Sanford lakes that the Edenville Dam was in danger of failure. They told residents to leave … Read more

EXPLOSIVE RICE MEMO DECLASSIFIED

via powerlineblog We have known for more than two years that, on the day of President Trump’s inauguration and just minutes before she left the White House for the last time, Susan Rice, then President Obama’s National Security Adviser, wrote a memo to herself about “Russia.” Specifically, she documented the fact, presumably for her later protection … Read more