Breaking news, updates, and reports on current events.
Wall St. For Main St., Released on 4/29/19 Jason talks about how desperate EU politicians may be about to walk into a very large debt trap from China 1) China’s Banks Are Running Out of Dollars https://www.wsj.com/articles/chinas-b… 2) Great Financial Crisis Ten Years On: Past Role and Current Risks from China | Anne-Stevenson Yang https://www.hiddenforces.io/podcast/c… 3) Juncker … Read more
via scmp: Central bank circular seen by the Post instructs banks that the provision of services for cryptocurrency trading is ‘strictly prohibited’ The People’s Bank of China has ordered financial institutions to stop providing banking or funding to any activity related to cryptocurrencies, further tightening the noose since its shutdown of crypto exchanges last September sent digital currency … Read more
By David Stockman What we are now seeing, including within Japan, is its rotten harvest. Japanese Industrial Production, maybe the best economic reflation/deflation indicator the last eleven years, continues to sink a quarter of the way through 2019. For those hoping green shoots or growth scare, in March 2019, according to figures released late last … Read more
by northmantrader Occam’s Razor: The simplest explanation is often the best explanation. In this case: The Fed panicked in December and by caving to markets reignited the bubble in a major way and now they are losing control as they are trapped and twisted in their own narratives. No rate hikes until 2020 but markets are … Read more
by Simon Black At the peak of its power in 1350 BC, thousands of years ago, ancient Egypt was like nothing ever seen before. The great Kingdom was thriving under an efficient system of agricultural production and trade with foreign nations. Egyptians had learned to adapt to the natural irrigation of the Nile river to produce … Read more
by Jim Rickards of Daily Reckoning GDP: Fake News The first-quarter GDP number was released this morning. And at 3.2%, it came in far above estimates. Consensus was about 2.3%. It was also the highest Q1 GDP print since 2015. But there’s probably less here than meets the eye. About half the GDP gain came from a surge … Read more
via Zerohedge: The last time we did a closer look at China’s bad debt, a topic that has been particularly sensitive for an economy whose financial sector is now over $40 trillion, was in late 2015 when CLSA stumbled on what we then dubbed China’s “neutron bomb”: Chinese banks’ bad debts ratio could be as high 8.1% a … Read more
BY JOHN RUBINO There’s a lively debate out there over the size of the Everything Bubble. In the following excerpt, money manager Michael Pento concludes that this bubble both histocially huge and soon to be popped. When Overvalued And Dangerous Markets Meet Stagflation To put into perspective how overvalued and dangerous the US market has become; I often … Read more
By Nick Cunningham The oil price rally has ground to a halt as investors pull back, Trump promises a flood of OPEC oil, and the global economy shows some signs of slowing down. Washington’s “maximum pressure” campaign led to a spike in oil prices only a week ago, but prices crashed on Friday after Trump tweeted that … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Gold to break out of slump and test 2018 highs, silver’s day is coming and you won’t want to miss it, and central banks in Russia, China and India want more gold. Gold Will … Read more
I just ran across this by accident and it’s been ongoing since 2004. It was noticed during the BP Oil Spill and they still haven’t capped the sucker. 🙁 https://en.wikipedia.org/wiki/Taylor_oil_spill The 2004 Taylor oil spill is an ongoing spill located in the Gulf of Mexico, around 11 miles (18 km) off the coast of the … Read more
The following is an op-ed from the Washington Examiner and describes how the Obama Administration put their boot on the neck of the 1st & 2nd Amendment. The big banks have continued to be emboldened even after the program was identified and ended by The Trump Administration. https://www.washingtonexaminer.com/opinion/op-eds/obamas-operation-choke-point-finally-unmasked Obama’s Operation Choke Point finally unmasked by … Read more
For More Information See and Links See: https://netzpolitik.org/2019/wikileak…
https://www.youtube.com/watch?v=bysmFXVsd-I WHAT ARE THEY GETTING READY FOR?!?! On the evening of Wed. Apr. 24th, 2019, a widespread power outage lasting more than 12 hours affected Fort Bragg, North Carolina, and closed numerous facilities the following day. According to the ArmyTimes, “The outage also affected restaurants and commissaries on post, which hosts about 52,000 soldiers. The … Read more
by TFittonJW Massive effort against the Deep State continues: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-sues-fbi-for-records-of-meeting-set-up-by-andrew-weissmann-with-ap-reporters-about-manafort-investigation/ “The liberal media and then-soon-to-be Mueller deputy Andrew Weissmann seem to have colluded in an effort to target the Trump team,” state Judicial Watch President Tom Fitton. “And rather than comply with the Freedom of Information Act, the DOJ has ignored our request. The illegal secrecy at … Read more
ANN ALTHOUSE IS not impressed with Joe Biden’s candidacy. He was very weak debating Paul Ryan in the VP debate in 2012. Here’s my live-blog of that debate, preserving my perception of how pathetic Biden’s performance was. He’s 8 years older now. I don’t understand why he’s even asking to be considered adequate. His announcement of … Read more
by GoldCore Australian, American and British People Need To Learn Lessons from Ireland ‘First Hand View From Ireland’ – Martin North & Eddie Hobbs Australian financial expert, Martin North discusses the Irish property crash and financial crisis a decade ago with financial writer and adviser Eddie Hobbs. The interview is excellent and well worth a … Read more
Candace Owens debates Jehmu Greene, about Democrats and the black community. Candace Owens debates Jessica Tarlov regarding the mistreatment of conservative women in the Trump administration h/t PC
WATCH: Instagram bans Conservatives who post facts and memes, but they allow Ilhan Omar’s 6 year old daughter to have account. According to the Instagram terms of service, you must be at least 13 years old to have an Instagram. Instagram has censored Donald Trump Jr all while claiming they aren’t bias. Rules for … Read more