Month: September 2020

America hasn’t seen unemployment rise this sharply since 1948 — and experts say it’s not over yet… Worse than the Great Depression?

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The nation’s unemployment rate jumped more than 10 points to 14.7% in April, as the coronavirus pandemic brought the U.S. economy to a standstill, the largest one-month plunge in employment levels since the federal government began measuring such data in 1948. Total nonfarm payroll employment fell by 20.5 million in April, the U.S. Bureau of Labor Statistics … Read more

New Digital Dollar Scheme May Wipe Out the U.S. Dollar For Good

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The U.S. Congress sent the hearts of cryptocurrency holders aflutter last week, pushing Bitcoin up by 15% to almost $7000, when a proposed digital dollar was mooted as part of the trillion-dollar stimulus package to help Americans stay financially afloat during the coronavirus-induced national shutdown. With tens of millions of Americans and small businesses urgently … Read more

Canada More Lockdowns?

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by Martin Armstrong There are rumors now running around that more lockdowns are coming in Canada. I cannot verify that this is correct, but this twitter that is going viral does put it correctly, this is now becoming the people v the establishment which seems to be controlled by the Oligarchs. We will see if … Read more

Kamala arrives in Milwaukee and Florida, but like Trump says, ‘No one likes her’ no supporters to greet her

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So Let’s talk about her shoes!! The left is all a rage over Kamala Harris’s choice of Footwear; Timberland and Converse. I guess this means she’s down with it, cool and ready to party! But with who? No one showed up to greet her in Milwaukee or Florida (must feel strange) ?? Kamala Harris arrives in Milwaukee for … Read more

Why I believe Amazon is going to destroy next quarter

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by masteryyi Amazon Smile is an amazon initiative where they donate .5% of sales to charity. I don’t know what percent of amazon customers use smile or how many times they do, but I’m going to do a rough estimate here based on past quantifiable data The amazon smile foundation donated about $37.2M in 2018 https://projects.propublica.org/nonprofits/display_990/462626883/09_2019_prefixes_45-46%2F462626883_201812_990PF_2019091716657143 … Read more

Bag holders came out today, claiming they saw this coming. yep. BTFD like monkeys

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Bag holders came out today, claiming they saw this coming. yep. BTFD like monkeys They also saw Mar lows; became bullish since Mar lows 🙃 Yep. Hindsight is always 20-20 When market up, they are super bullishwhen down, they are bearish They ring the bell at both extremes 🧐 https://t.co/2wiJgLOpLg — Kerberos007 (@kerberos007) September 17, … Read more

The truth about how the Federal Reserve supports and entrenches oligarchy in two screenshots.

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The truth about how the Federal Reserve supports and entrenches oligarchy in two screenshots. It’s the most destructive institution on the planet. pic.twitter.com/y6C0T7Gr9n — Michael Krieger (@LibertyBlitz) September 17, 2020 This is the improvement which Powell was talking about “Bazooka of liquidity for the economy” pic.twitter.com/meiPH7izxb — Alessio (@AlessioTMAD) September 17, 2020

China Trims US Treasury Bonds, Continuing a Downward Spiral Amid Growing Risks of Greenback Assets

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China slightly trimmed its holding of US Treasury bonds for the second straight month in July, continuing a downward spiral amid growing risks of greenback assets. China cut its US Treasury bond holdings by $1 billion in July to $1.07 trillion, US Treasury Department data showed Wednesday. As of July, China remained the second-largest foreign … Read more

This Is Why Inflation Will Rip Everyone’s Face Off

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by Charles Hugh-Smith This is why inflation will rip everyone’s faces off: production will continue to stagnate no matter how many trillions the Federal Reserve prints and throws around. This is how market capitalism is supposed to work: consumers decide (for whatever reason) to buy more toilet paper. This increase in demand strips the shelves of TP and … Read more

QE goes on….Low rates through 2023….Twin deficits at record levels…. Only one way out folks…

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Intact. – QE goes on.– Low rates through 2023.– Twin deficits at record levels. Just a big picture reminder: National debt has grown over 3.5x nominal GDP since the break of the gold standard. Only one way out folks… Monetary debasement. pic.twitter.com/CXf3Z587Mn — Otavio (Tavi) Costa (@TaviCosta) September 16, 2020 You thought government deficit was … Read more

SNOW is worth only 75-85 per a share. Not a penny more. Don’t get sucked into this overly hyped tech stock.

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by Nawtreallyme Please stop pumping a 3.3 Billion dollar company, that just had price targets jump 75 to 120 (60% price increase) with no underlying changes to its fundamentals. Any google search will bring up a million article giving glowing praises that SNOW can be the next AAPL or MSFT, sure anything can happen, but … Read more

Believe It Or Not, 2021 Is Looking Worse Than 2020

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BY JOHN RUBINO  This year is, by any measure, brutal. First came a pandemic so baffling that virtually no one other than Sweden made it through without a near-depression. (Reminiscent of the previous decade’s financial crisis, when only Iceland got it right.) Then came civil unrest on a scale not seen since the 1960s, about which … Read more

Debunking Joe Biden’s lies on Coronavirus.

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Debunking Joe Biden’s lies on Coronavirus. On Jan 27, Trump said this was a dangerous disease He set up a public emergency health fund and set up a emergency pandemic panel of advisers. On Jan 31 Trump Bans Flights from china (Biden calls Trump a fear mongering xenophobic) On Jan 30th Zeke Emanuel (Biden Healthcare … Read more

HE WHO CANNOT BE NAMED

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Kaitlin Collins of CNN is one of Trump’s toughest reporters during his White House press briefings. Here she is on Fox News in 2015 stating George Soros funds Black Lives Matter and buys out local city elections to create social unrest. Oh btw, twitter has censored this video by removing its audio This is right … Read more