Breaking news, updates, and reports on current events.
Money manager Peter Schiff says, “I think when they start to try to reflate the assets in stocks, real estate and in bonds, they are just going to prick the dollar bubble, and that’s when we have a real crisis. . . . The dollar is going to collapse, and America’s days of living beyond … Read more
by Grif Laura Widener, writing for American Military News, outlined a chilling prediction from the RAND research organization that the United States would not survive in an all out war with Russia and China. Widener writes: The U.S. repeatedly “gets its ass handed to it” in World War III simulations, according to the global research … Read more
via visualcapitalist: Nothing has transformed our economy quite like containerized shipping. From Rotterdam to Singapore, we see tangible evidence of the world’s bustling maritime shipping network as cranes load and unload uniform containers in a flurry of activity. The efficiency of this system has massively impacted the global economy, but this uniformity has also had the … Read more
by Troy The stock market has gone nowhere over the past 2 weeks. This is normal because most of the time, the stock indices simply aren’t as volatile as other markets like commodities. The big news today is that “bond king” Jeff Gundlach says that the stock market is still in a bear market, and … Read more
The Cashless Society. It’s creeping up at an increasing pace. The reason I love cash is that the transaction takes place between two people. That’s it. Nobody else knows about it. It’s freedom in a sense. When it’s digital, maybe it’s more convenient, but it’s not secure at all. You have multiple parties who are … Read more
US aviation agency gives nod to the 737 MAX as Boeing struggles to contain Ethiopia crash fallout The US Federal Aviation Administration has reaffirmed the airworthiness of the Boeing 737 MAX in the wake of the Ethiopian Airlines crash that killed 157 people. It comes after several countries and airlines grounded the aircraft. There have … Read more
by John Coumarianos My title comes from Jeremy Grantham’s recent CNBC interview. This remark occurs in a discussion about likely returns from the U.S. stock market. Everyone at Grantham’s firm, Grantham, Mayo, van Otterloo (GMO), agrees that over the next two decades stocks will deliver around 2% after-inflation or “real” returns, says Grantham himself. Traditionally, the … Read more
Why did the power grid in Venezuela collapse? What caused the collapse of the electric grid in Venezuela? https://www.youtube.com/watch?v=xDcJKeKGtnE
Lead researcher Dr Gordey Lesovik said by putting scattered electrons back into their original shape they had effectively created a state which went against the ‘direction of time’ SCIENTISTS have built the world’s first time machine — sort of. Working with electrons in the bizarre realm of quantum mechanics, they first created the equivalent of a break … Read more
by Michael Snyder Is there anything left in this country that has not been deeply tainted by corruption? By now you have probably heard that dozens of people have been arrested for participating in a multi-million dollar college admissions scam. Enormous amounts of money were paid out in order to ensure that children from very … Read more
by Michael Snyder In the entire history of the United States, consumers have never been in so much debt. And that would not be a crisis as long as the vast majority of us were regularly making our debt payments, but as you will see below delinquency levels are starting to rise to extremely alarming … Read more
BRITAIN was last night plunged into chaos once again as MPs voted to kill off Theresa May’s Brexit deal by 391 votes to 242. Now 993 days after the referendum, and with just 17 days before Brexit, Brits are still in the dark about when or if we will ever leave the EU. Furious MPs … Read more
The acquisition created the world’s biggest toll-road operator. But it was costly. One of the acquiring companies is now in trouble because its bridge collapsed, killing 43 people. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Recently acquired Spanish toll-road group Abertis has announced one of the biggest special dividends in Spanish history, worth almost €10 … Read more
by Charles Hugh-Smith At that point, the only way to enable debt-serfs to service their debts is too give them free money, i.e. Universal Basic Income (UBI). Scrape away the churn and distraction and the problem is simple: the pie of prosperity is shrinking, and the “fixes” are failing. The status quo arrangement is based on … Read more
David Stockman interviewed on the X22 Report Spotlight The central bank of the United States, the Federal Reserve, has gone rogue, and now the time has come to restructure it. David Stockman explains…
The UK and the EU have reached an impasse in negotiations. May is preparing for another vote and it is happening very soon. The US National Security Council has now warned Italy not to join the Belt and Road initiative started by China. The Federal Reserve Chairman has appeared on 60 minutes, the question is … Read more
More layoffs are coming for the MSM. Feds arrest dozens in a college bribery scam, many of those involved are tv and movie stars. Rep Doug Collins releases Lisa Pages transcript. Schiff is panicking. JW is suing for communication between RR and Comey. US embassy staff are leaving Venezuela. Q drops more bread, the countdown … Read more
by Graham Summers of Gains, Pains, & Capital The economy has completely fallen off a cliff. The Atlanta Fed’s GDP Now metric which tracks economic growth in real-time has collapsed to 0.2%… as in barely above zero. This is why the Fed panicked in December and began desperately trying to prop the markets up. It’s also why corporate insiders, the … Read more
via Wall Street On Parade: Last Wednesday, the Federal Reserve Board of Governors rushed through a rule change to its stress test for the too-big-to-fail banks on Wall Street, putting it into immediate effect without the customary 30-day delay. It is further noteworthy that the Board did not get the customary unanimous vote to move forward with the … Read more