#WhiteHouseSiege: Group Taking Credit For ‘Occupy Wall Street’ Plans to ‘Lay Siege to’ and ‘Occupy’ the White House Next Month

by Daisy Luther of The Organic Prepper The group that takes credit for the Occupy Wall Street movement of 2011 has a new and even more outrageous plan in mind. They intend to “occupy” the White House. Adbusters, an online magazine that describes itself as “a global network of artists, activists, writers, pranksters, students, educators and entrepreneurs who … Read more

We’ll be at $30T in debt in early 2021. Then adding $1.5-$2T/yr thereafter (if we’re lucky)

These deficits assume no recessions other than the one we're in now. The red blocks are the ongoing impact of paying for Covid-19 + the green are the ongoing impact of tax extensions. We'll be at $30T in debt in early 2021. Then adding $1.5-$2T/yr thereafter (if we're lucky)🤔🤦‍♂️ pic.twitter.com/EN12oSLY5P — M/1_LP (@MI_Investments) August 10, … Read more

Tech is eating the world: The recent surge in Apple shares is pushing the value of the world’s largest company toward that of the entire Russell 2000 Index.

Tech is eating the world: The recent surge in Apple shares is pushing the value of the world’s largest company toward that of the entire Russell 2000 Index. The iPhone maker is worth $1.93tn, almost 90% of combined mkt cap of 2,000 US small-cap stocks listed in Russell. (via BBG) pic.twitter.com/ifBI1lK6aP — Holger Zschaepitz (@Schuldensuehner) August … Read more

NY Fed on corporate leverage:

NY Fed on corporate leverage: "Looking ahead, we find that a sizable share of U.S. corporations have interest expense greater than cash flow, raising concerns about the ability of those corporations to endure further liquidity shocks."https://t.co/K9SqSCswwU — Brian Chappatta (@BChappatta) August 10, 2020 Zombie companies' YTD returns have essentially closed the gap to the S&P … Read more

August 2020? No, March 1930…

#recession … #GFC2 US edition August 2020? No, March 1930… 📉https://t.co/QbxPOGkNP5 pic.twitter.com/A2OdnLPuAi — Invariant Perspective (@InvariantPersp1) August 11, 2020 Global Coronavirus infections surpass 20million people, resulting in upwards of 700,000 deaths. While it took 6mths after virus first surfaced to reach 10m infections, spread has steadily accelerated since then, taking little more than 6 weeks … Read more

Mainstream Media Says ‘We’re All Gold Bugs Now’

by Chris Powell of the Gold Anti-Trust Action Committee (GATA) From The New York Sun Sunday, August 9, 2020 “It seems we’re all gold bugs now,’ announces the op-ed piece in The New York Times. It says that gold is “one of the best performing assets in the world this year.” Of gold, the Times writes: “Its price just … Read more