Breaking news, updates, and reports on current events.
by nadgroot The S&P 500 Index and the Dow Jones Industrial Average set new record highs every single day last week. This occurred despite the Federal Reserve justifying its unprecedented hundreds of billions of dollars each week in cheap loans to Wall Street’s trading houses as necessary to stem a “liquidity” crisis. You can’t have … Read more
by Mac Slavo of SHTFplan More than 9,300 retail department stores have shut their doors this year. As 2020 comes at us quickly, most are expecting the retail apocalypse to drag on. While we are told consumerism and spending remains high, retail establishments are closing down: most permanently. Retailers actually set a new record for store closures in … Read more
BY SVEN HENRICH In our new risk free market, party like it’s 1999 environment with imbalances running wild and S&P 500 price targets being raised almost daily it may be silly to speak of any corrective activity to come in stocks. After all the Fed looks to continue printing until June. Yet extreme one sided market actions have consequences … Read more
by WARREN MOSLER The edge of recession? Fear and Greed Index Still contracting:
Mormon Church Stockpiled 100 BILLION and Dodged Taxes h/t Clon
With nearly tens of thousands of dollars worth of merchandise stolen from his clothing store over the past month, Alan Gibeley said that prosecutors who go easy on shoplifters — such as Suffolk District Attorney Rachael Rollins — are threatening his business and putting the well-being of his employees at risk. “The easier shoplifting is, … Read more
More from the World Economic Rankings from the Centre for Economics and Business Research (CEBR): • The USA in 2019 reached 24.8% of world GDP, its largest share of the world economy since 2007. And the US is now expected to remain the world’s largest economy throughout the 2020s and is to be overtaken by … Read more
by Marc Fouradoulas via Mises In the face of illness and suffering, private markets for healthcare services allegedly fail. Since the 1960s, neoclassical economists have legitimized the regulation and collectivization of this sector under the term “market failure.” This assumption forms the foundation of the discipline of health economics and its attempt to replace the failed … Read more
[snip] The government decided Friday to delay the removal of spent fuel from the Fukushima No. 1 nuclear power plant’s Nos. 1 and 2 reactors by up to five years, casting doubt on whether it can stick to its time frame for dismantling the crippled complex. The process of removing the spent fuel from the … Read more
https://www.youtube.com/watch?v=7bQMPWbOpj4 Madison Dibble from washington examiner reports, Chelsea Clinton replied to Rep. Paul Gosar after he mocked her parents in his Christmas greeting. On Christmas Eve, the Arizona Republican posted a clip from a 60 Minutes interview Bill and Hillary Clinton did in 1992 amid infidelity rumors. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/ne…
Sen. Elizabeth Warren, D-Mass., may have found a lump of coal in her Christmas stocking, as her campaign’s fundraising efforts reportedly had a sharp decline in the fourth quarter. CNBC first reported Friday that the Warren campaign had raised “just over $17 million” in the final quarter ahead of a Dec. 31 Federal Election Commission … Read more
By Alex Kimani A bankruptcy boom has hit the oil and gas industry, and it’s just getting started. Investors have lost their appetite for shale, and energy debt has become among the least desirable in the market. The industry has been teetering on the verge of mass hysteria for much of 2019 as a record … Read more
by Jesse “Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided … Read more
By Robert Ross When’s the last time you bought Kraft Mac & Cheese? I imagine it’s been a while. Thirty years ago, every cupboard in America had a box. But consumer trends have shifted. People don’t want hyper-processed foods like Kraft Mac & Cheese anymore. Warren Buffett, one of the greatest investors of all time, … Read more
https://www.youtube.com/watch?v=iCt4eQN95ho
https://www.youtube.com/watch?v=lCODM7HY_0A Wikileaks releases internal emails and documents from OPCW show that behind the scenes investigators had major concerns about the narrative being projected regarding the alleged chemical attack in April 2018 in Syria. Sources from the FBI have reported to the New York Post that Jeffery Epstein’s Madam, Ghislanine Maxwell, is under “investigation”. https://wikileaks.org/opcw-douma/
https://www.youtube.com/watch?v=MOnjU-_D6uo
Photo by Wikimedia.org| CC BY | Photoshopped From Birch Gold Group At some point, an economic problem deepens so much that the piper has to be paid. Both in the U.S. and globally, one of those problems appears to be mountains of debt. Jim Rickards recently issued a dire proclamation about the global debt situation: Current global debt levels are simply not sustainable. Debt … Read more
Tim Pool, Released on 12/27/19 “You can’t say billionaires shouldn’t exist and then take maximum contributions from billionaires that the average person can’t make.”
