Breaking news, updates, and reports on current events.
via Daily Reckoning: My readers know that I’m a longtime critic of bitcoin. Bitcoin rose from about $2,000 in May 2017 to $20,000 by December 2017 in one of the greatest asset price bubbles in history. I argued repeatedly that it was nothing but a massive bubble and that the bubble would probably burst when it … Read more
Brexit LIVE: Theresa May resigns ‘I’ve done my best’ – it wasn’t good enough THERESA May is to quit as leader of Conservative Party on June 7, with her voice breaking with emotion during an emotional statement outside Number 10 as she insisted she had “done her best” – but admitted it had not been good … Read more
https://twitter.com/ECMcLaughlin/status/1131742420377382912 https://twitter.com/ScottyNeff2/status/1131779328600096770 TheHill: “Schiff blasts Trump’s ‘un-American’ order to intel agencies to cooperate with Barr probe” House Intelligence Committee Chairman Adam Schiff (D-Calif.) blasted a Thursday evening order by President Trump ordering intelligence agencies to cooperate with Attorney General William Barr’s investigation into possible “spying” on Trump’s 2016 campaign, calling it “un-American.” https://thehill.com/homenews/house/445357-schiff-blasts-trumps-un-american-order-to-intel-agencies-to-cooperate-with Comment from … Read more
HAHA: http://archive.is/gDblJ
With the indictment on Espionage Act charges against Assange, this is Jimmy Dore from last month, reminding everyone how corrupt the system is. h/t the-99th-monkey
by John Adams and Martin North from In the Interests of the People Australian economist John Adams of Adams Economics (http://www.adamseconomics.com) and banking expert Martin North break down the latest developments in Australia in the wake of the federal election held last weekend. With the Australian property and household debt bubbles in the process of collapsing during the first quarter … Read more
by Claudio Grass via Mises Institute Turkey has been almost constantly in the news over the past year, as troubling headlines about its economy and political situation continue to pile up. In a currency meltdown that escalated last summer, the Turkish lira has plunged by nearly 40%, threatening the Turkish economy as a whole. In January, inflation topped … Read more
Minds .com is a crowd funded social media network built on the blockchain that is an anti-surveillance, anti-censorship, and anti-“big tech” platform that ensures that no one party controls your online presence. They get into what set Minds.com apart from Facistbook and talk about their roadmap for the future. Minds pays content creators and users … Read more
ITM Trading, Released on 5/23/19 In the most current “Global financial Stability Report” the IMF (International Monetary Fund) examined the vulnerabilities In a Maturing Credit Cycle” which is really a discussion on the end stage of the currency fiat money financial system. Like every aggressive disease, if you don’t make the life style changes that … Read more
by Troy The stock market fell today, and there is evidence of the trade war across many markets. The U.S. stock market has outperformed other stock markets during this trade war. Today’s headlines. Lots of gaps Large drop in sentiment despite small drop in prices Emerging markets “leading” indicator Industrial metals “leading” indicator Treasury yields … Read more
by Brandon Smith The question of whether or not “democracy” works is always being studied, by proponents of freedom as well as by proponents of authoritarianism. The founding fathers of the sovereign American experiment were far more intelligent than some critics today give them credit for – they knew full well that democracy does NOT work, … Read more
by Ron Paul via RonPaulLibertyReport Incoming US Defense Secretary Shanahan has informed us that Iran’s nefarious intentions toward the US and its allies in the region have been put on hold thanks to the deployment of a US carrier strike group and a handful of B-52s to the region. Details about the original threat, claimed by Bolton, Pompeo, … Read more
By Haley Zaremba Canada’s oil sands produce some of the dirtiest oil on the planet. Their abnormally high carbon emissions have earned Albertan oil a soiled reputation not just among environmentalists, but among many politicians and their constituents as well. Now, Alberta is trying to win back some favor with a new, revolutionary plan to clean up … Read more
In this episode I address the growing battle between Comey and Brennan and the real reason behind it. I also address Kamala Harris getting caught in another liberal trap. AC
via usatoday: WASHINGTON – President Donald Trump took another step Thursday to crack down on legal immigration, instructing agencies to enforce a 23-year-old law that requires sponsors of green card holders to reimburse the government for welfare benefits. Trump approved a memorandum Thursday to enforce a pair of provisions signed into law by President Bill Clinton in 1996, the White … Read more
https://www.bloomberg.com/news/articles/2019-05-23/traders-are-shorting-the-s-p-500-at-a-rate-unseen-since-2015 Investors haven’t been this keen to short the U.S. stock market since the Federal Reserve started raising interest rates. Short interest as a percentage of shares outstanding on the SPDR S&P 500 ETF Trust, or SPY, climbed as high as 7% this week, according to data from IHS Markit Ltd. That’s the highest share … Read more
by xeatricex Yesterday I had my annual ‘cancel’ call with Charter/Spectrum so that I can get a new promotional monthly fee of $45.99 instead of $65.99. The CSR also asked if I used WiFi at home and if I did there was another $5 charge for that service. I asked her why there is … Read more
🤔Could the FED avoid a Recession now, like in past 9 years? pic.twitter.com/S3PY2I1TKZ — Antonio Pérez-Algás (@apanalis) May 23, 2019 u-g-l-y pic.twitter.com/eGb7mMVOkT — Alastair (@StockBoardAsset) May 23, 2019 the probabilities for a 2h19 rebound are dwindling to zero https://t.co/KI9oVcN0T8 — Alastair (@StockBoardAsset) May 23, 2019 Look at this chart of major appliance shipments – collapsing … Read more
via @MikaelSarwe: Philly Fed surprised positively and ISM will probably bounce somewhat. But my leading vs lagging indicator from Philly Fed still points to a continued downward trend in ISM thereafter. The divergence between negative macro surprises & equities has never been larger. An earnings recession is highly likely and should dent markets belief that central … Read more