Rep. Alexandria Ocasio-Cortez’s (D-NY) district saw a 57% increase in major crime under her tenure, a new study found. The district suffered massive increases in what the New York Police Department considers the seven “major” crimes of murder, rape, robbery, felonious assault, burglary, grand larceny, and grand larceny auto, a study by former NYPD inspector … Read more
SoftBank posted one of its biggest losses at its Vision Fund investment unit for its fiscal first quarter, as technology stocks continue to get hammered amid rising interest rates. The Japanese giant’s Vision Fund posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter. This is the second-largest quarterly loss for the … Read more
by Martin Armstrong To my total shock, I know a family that fled Poland to flee from Russia and went to Canada. They then fled Canada because of all the insanity of Trudeau and refused to return. Since their visa for America is expiring, they said to me that they may now go to Russia. … Read more
(Bloomberg) — Venezuela’s government has produced letters apparently signed by Queen Elizabeth II to bolster its claim to more than $1 billion of gold stored in the Bank of England. The diplomatic correspondence is evidence that the UK recognized Nicolas Maduro as Venezuela’s president, said Calixto Ortega, the head of Venezuela’s central bank. This undermines … Read more
By Tsvetana Paraskova With a European ban on Russian crude and fuels looming, diesel markets are set to tighten even further despite weak economic growth. Distillate fuel inventories in the U.S. just witnessed the biggest drawdown for this time of year in at least 32 years. As we enter heating season in Europe, which is … Read more
These people are beyond saving. https://twitter.com/Antman0704/status/1556299084188745733 AC
By Egon von Greyerz Matterhorn Asset Management founder Egon von Greyerz recently spoke with King World News’ Eric King about current and future financial conditions: “What I see in the autumn is much, much higher metals, high commodity prices, oil prices, etc, and crashing stock markets. Not a good scenario. And then on top of that because of the … Read more
by Martin Armstrong American household has reached a new high, according to a report by the Federal Reserve Bank of New York. Total household debt has surpassed $16 trillion for the first time in American history. Americans have taken on $2 trillion in additional debt since the pandemic. Aggregate household debt balances rose by $312 billion in Q2 … Read more
Tucked away in the hilariously-named “Inflation Reduction Act” that Joe Manchin has been working on with Chuck Schumer is one significant bit of spending that has been mostly flying under the radar. The measure would fund a massive expansion of the Internal Revenue Service to the tune of eighty billion dollars. And we’re not using … Read more
Net insider selling is higher than it's been since jan22. Are they telling us something? 🤔 pic.twitter.com/EDeVqGu6ld — Rosanna Prestia, MBA (@RosannaInvests) August 7, 2022 Sell everything Hedge funds are betting against bonds and stocks pic.twitter.com/iecVZHxuYC — Alessio (@AlessioTMAD) August 8, 2022 you have blackrock ceo selling shares like they are pennies. Last time he … Read more
Bill Maher slams America’s ‘fat acceptance’ movement as ‘Orwellian’, supporters have ‘blood on their hands' https://t.co/1iFYljGKaG — Fox News (@FoxNews) August 6, 2022 Bill Maher says 'fat acceptance' is now a national SECURITY issue https://t.co/qll8kOavv6 pic.twitter.com/aMBqNhElUF — Daily Mail US (@Daily_MailUS) August 6, 2022 h/t dr0id
by Martin Armstrong The people of Panama have been protesting the obscene cost of living for weeks. President Laurentino Cortizo has promised to lower the cost of basic necessities such as food and energy, but the people are not satisfied. Teachers began protesting in July and went on an initial three-day strike. This act of defiance … Read more
via thehill: A lot of attention has been paid to the tax increases that are part of the Democratic-backed Inflation Reduction Act that’s making its way through Congress. And while these increases are concerning to both businesses and taxpayers, there’s another rule coming from the Biden administration that will have an even bigger impact on … Read more
by Mark Tapscott A substantial majority, 59 percent, of respondents to the latest ISI/TIPP Survey say they are either “very concerned” or “somewhat concerned” about President Joe Biden’s mental health. What may be of particular interest, however, is the following graph: “Broken down by ethnicity and race, solid majorities of both Hispanics (61 percent) and whites (63 percent) … Read more
The move by the Commodity Futures Trading Commission on Aug. 4 to revoke the regulatory letter relied on by the platform sent shock waves through the political-gambling industry. Since 2014, PredictIt has used the permission granted for research purposes to a New Zealand university to let Americans bet on US elections, something that’s generally forbidden. … Read more
When the school year begins in Madison County, North Carolina, on August 22, it will come with what the county sheriff says will have enhanced safety features – AR-15 rifles. In an interview with The Asheville Citizen-Times, Sheriff Buddy Harwood said that the new measure for this school year, in collaborating with Madison County Schools, … Read more
‘JOHANNESBURG, SOUTH AFRICA — U.S. Secretary of State Antony Blinken is in South Africa on the first leg of an Africa trip. His first stop was a poignant one, as he visited a museum that commemorates a key moment in the anti-apartheid struggle. Secretary Blinken visited the Hector Pieterson Museum and memorial in the township … Read more
At the beginning of the year, there was a grand total of 10 people across the globe whose wealth exceeded US$100 billion. At the time of this writing, six have been lost, leaving Tesla & SpaceX’s Elon Musk (who retains his title as world’s richest man), Amazon’s Jeff Bezos, LVMH’s Bernard Arnault, as well as … Read more
Duluth Minnesota ‘all male’ nightclub to host Children’s Drag Queen Party Duluth Minnesota? Its a town full of lumberjacks, dockworkers and iron miners. Tough manly men and women. Now they have one of ‘those’ bars that will host a kiddie drag queen night, complete with kiddie cocktails. https://alphanews.org/gay-nightclub-allows-child-attendance-at-upcoming-all-ages-drag-show/ According to an event page posted to … Read more
https://twitter.com/ArtValley818_/status/1556610408013647874 Senate Passes Schumer-Manchin Middle-Class Tax Increase and Green Boondoggle Bill. “The bill raises more than $700 billion in tax revenue and spends over $400 billion. The key elements include extending Affordable Care Act subsidies, a suite of climate-related spending and tax credits, provisions on fossil fuel energy, a 15% minimum corporate tax rate and … Read more
More than 1 in 5 US adults are still children. (The Conversation) – Fears about declining fertility rates have come from sources as diverse as Pope Francis and Tesla CEO Elon Musk. The U.S. Supreme Court’s decision in Dobbs v. Jackson could force women to give birth against their wishes, while a recent British editorial … Read more
by Michael Americans haven’t been this negative about the future of the U.S. economy since the financial crisis of 2008. Of course it isn’t exactly difficult to figure out why this has happened. A new recession has begun, inflation is wildly out of control, the housing market has started to crash, and more people are falling out … Read more
posted by Peter Schiff on schiffgold.com: Central bank gold buying notched up again in June. Central banks globally added 59 tons of gold to their reserves last month and there were no reported sales, according to the latest data compiled by the World Gold Council. The Central Bank of Iraq became the latest bank to add … Read more
