Month: September 2021

Preserving Capital through Bankruptcy

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by Doug French via Mises The New York Times recently published a piece entitled “When Kmart Moved Out, Churches and Flea Markets Moved In.” The article, penned by Kevin Williams, provides an instructive subtitle: “The retailer’s former stores are being used by tenants that might not typically get a crack at such a large haul of commercial space at an … Read more

Now that late night entertainment is so politicized, it’s not surprising that conservatives have finally found a late night host that shares their worldview.

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  GREG GUTFELD IS HUMILIATING LIBERAL LATE NIGHT HOSTS: On Tuesday, Fox News’ Greg Gutfeld (Gutfeld!) got higher ratings than both one-note liberal hosts Stephen Colbert (The Late Show, CBS) and Jimmy Fallon (The Tonight Show, NBC). Gutfeld drew 2.1 million viewers to Colbert’s 1.9 million and Fallon’s 1.2 million. Even better, Gutfeld won in the coveted … Read more

Fed suspends GDP nowcast data tracker

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Nothing to see here folks! https://t.co/VPCkEuDw4Y — Jack Posobiec (@JackPosobiec) September 3, 2021 Appears to have been a GDP/Economy forecaster that gave a wide range of arbitrary values to cherry pick the positive-sounding ones from. They appear to be suspending it because they couldn't find any positive values to cherry pick. — Mitchell Stadtlander (@mitchstadt) … Read more

Who’s Going to Be Left Holding the Bag?

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From Birch Gold Group The old joke goes: “How can you tell when a lawyer is lying? Their lips are moving.” Now there is a new joke, according to Charles Hugh Smith. “How can you tell when a big economic bubble is forming? When Wall Street tells Main Street, ‘It’s not a bubble.’” Smith proceeds by leveling … Read more

Bullion Will Be Impossible To Find In A Crisis

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James Anderson on Palisades Gold Radio James discusses traveling through Turkey recently and seeing Istanbul’s impressive ancient architecture. There is considerable bullion demand in Turkey particularly due to ongoing issues with their currency. The people there are suffering and barely able to stay above water. If you buy bullion you want to have a long-term perspective. When … Read more

The Media reaction to the Texas Abortion Law is concerning.

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by TheCicc From the reaction by the media in regards to the new Texas abortion law, one might’ve thought that abortions were entirely outlawed. This is what actually happened according to the Associated Press: ”The law prohibits abortions once medical professionals can detect cardiac activity, usually around six weeks…” From the reaction by the media it … Read more

A lage percentage of comments are chatbots.

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A pair of chatbots has recently done something children often do: create a secret language. Last month, researchers at Facebook found two bots developed in the social network’s AI division had been communicating with each other in an unexpected way. The bots, named Bob and Alice, had generated a language all on their own: Bob: … Read more

Another Tropical Storm Headed Toward Louisiana?

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Lightening strikes twice in a month? After being ravaged by hurricane Ida with months/years of aftermath and 700k still without power, NHC is forecasting a 30% chance of another Tropical storm headed toward the Louisiana coast.   ZCZC MIATWOAT ALL TTAA00 KNHC DDHHMM Tropical Weather Outlook NWS National Hurricane Center Miami FL 800 AM EDT … Read more

The State Department has sought ‘urgent guidance’ from other agencies after purported child brides were brought to Fort McCoy in Wisconsin

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U.S. officials are looking into reports that in the frantic evacuation of desperate Afghans from Kabul, older men were admitted together with young girls they claimed as “brides” or otherwise sexually abused. U.S. officials at intake centers in the United Arab Emirates and in Wisconsin have identified numerous incidents in which Afghan girls have been … Read more

Stagflation, if We’re Lucky

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from Kerry Lutz’s Financial Survival Network John Rubino is back… National Emergency – McDonalds’ milk shake machines are broken and can’t get fixed. Huge job miss today and GDP estimates are being scaled back. This has become an administration of misses. Across the board loss of confidence. We discussed rising commodity prices. Some of the numbers were … Read more

Taking the Training Wheels Off Your Retirement Plan

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From Birch Gold Group When my grandfather completed his 30-year stint at the Flexsteel factory, he retired with a pension. That and his Social Security benefits gave him a comfortable retirement. The days of pensions, however, are pretty much over. Nearly every corporation rebelled against the uncertain, long-term costs associated with securing their former employees’ retirements. … Read more

Central Banks Buy 30 Tons of Gold In July, Australia Passes China For World’s Largest Gold Miner

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Central banks maintain interest in gold in July https://www.gold.org/goldhub/gold-focus/2021/09/central-banks-maintain-interest-gold-july Central banks added a net 30.1 tonnes (t) to global official gold reserves during July 2021. Australia Takes Over From China as World Leading Gold Producer https://www.theepochtimes.com/australia-takes-over-from-china-as-world-leading-gold-producer_3975236.html

Bank Index Teetering Near Financial Crisis Highs???

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by Kimble Charting Investors understand the importance of banks to the economy and the broader market. And since bottoming with the coronavirus crash, the $BKX Bank Index has more than doubled. BUT, this year has seen the Bank Index slow its roll – see point (1) on the $BKX “weekly” chart below. As you can see, the index … Read more

Florida Diner That Asked Biden Supporters To Eat Elsewhere Gets So Much Business They Ran Out Of Food

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A Florida diner that posted a sign telling Biden supporters to take their business “elsewhere” was forced to temporarily close after not having enough food to meet a surge in demand. The DeBary Diner, located in DeBary, Florida and owned by Angie Ugarte, was closed on September 2 after running out of food following a … Read more

The Illusion of Stability, the Inevitability of Collapse

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by Charles Hugh-Smith Beneath the illusory stability of rising GDP, the extremes of debt, leverage, stimulus and speculative frenzy required to keep the ‘phantom wealth bubble’ from imploding are all rising parabolically. Imagine being at a party celebrating the vast wealth generated in the last ten months in stocks, cryptocurrencies, real estate and just about … Read more

Afghan Refugees to get Lessons in Britishness?!

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by Chris Black The key word here is “scheme”. Afghan refugees will get lessons in Britishness: Migrants will learn English, British values and politics under new scheme Ministers want to emulate schemes in countries such as France and Germany In Europe refugees are giving 400-plus hours of language and culture lessons  Robert Jenrick, communities secretary: … Read more