Breaking news, updates, and reports on current events.
By David Stockman Korean Export Canary Plunges Into The Drink—Down 14.6% In January To Date South Korean exports, a data set often held up as a bellwether for the health of the global economy, fell off a cliff in January, pointing to a troubling slowdown in global trade.Exports from the east Asian nation dropped 14.6% … Read more
This one admission, by itself, is in my opinion more than enough to justify the FBI’s total dissolution. Former FBI Deputy Assistant Director Terry Turchie appeared alongside Tucker Carlson of an interview that surely shook up Fox as well as the nation, as he ended up demonstrating just why the FBI should not exist. I’m … Read more
via Sven Henrich: The government shutdown, the longest in history, comes with a hidden revelation: Millions of Americans are financially unprepared for the next economic downturn. Worse, they are highly vulnerable, with few protections available to them. Ten years after the financial crisis, the economic recovery has left millions behind with little to no savings, and … Read more
by Dr. Eowyn Property taxes are the single largest revenue source for local governments, used to fund fire and police departments, schools, and road maintenance, including snow removal, cleaning, and repair. In 2015, the average U.S. property taxes per person was $1,518. Since property taxes are ratified, collected, and spent almost entirely at the municipal … Read more
via newsbusters: Before all the facts were known, the media ran with a story accusing pro-life activists from Covington Catholic High School of racism during an altercation with left-wing demonstrators at the Lincoln Memorial after the March for Life on Friday. That false narrative began to fall apart almost immediately, once additional video surfaced proving how … Read more
BY JOHN MAULDIN Whenever we talk about the European economy, Germany drives the discussion. Yes, the UK and France are big, but Germany is the giant. If Germany sneezes, the rest of the continent catches cold. And it is sneezing hard right now. Germany’s Economic Woes The latest GDP forecasts peg German growth at 1.5% for 2019. … Read more
Housing prices are still to high and wages too low, let’s bring it on. The country is like a big old backed up toilet in need of a flush and a plunger to get things moving again. TL
Jim Hoft for the Gateway Pundit reports, BuzzFeed got nuked by Mueller’s office on Friday night after the liberal media platform floated a fake news Trump-Cohen-Moscow report late Thursday night. https://www.youtube.com/watch?v=gH8b8Ondk-8 Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019… President Trump said it “hurts him” to see the mainstream media at such a low point of trustworthiness. President Trump: I thought … Read more
by Mac Slavo of SHTFplan In 2008, when the United States was flung into recession, the culprit was the sub-prime mortgages. People without the ability to repay the money, borrowed to buy houses only to lose it all once the bubble burst. Now, the corporate debt crisis is poised to cause a similar recession. Although student loans debt … Read more
by Martin Armstrong While the dollar haters are constantly calling for its demise, when we look at the stats, we see a very different picture. Since 2005, the euro’s share of bank loans has collapsed from 30% of the world market to just 20%, while the Greenback has soared from 60% to now 70% of … Read more
by Martin Armstrong QUESTION: Happy New Year; Am I correct in noticing a global connection in the money supply, M1 & M2? You directed us to this long ago. The global banks have found the turning point so this affects everything no? Even the US consumer is sliding to the cautious side of spending – fewer … Read more
via bigleaguepolitics: President Donald Trump’s White House chief of staff Mick Mulvaney and Vice President Mike Pence reportedly said Saturday that Democrats led by Nancy Pelosi are blocking a bill to provide pay for the Coast Guard. Lack of pay for the Coast Guard — which does not exist under the Department of Defense, which is funded — … Read more
by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Venezuela Gold holdings at Bank of England Soar on Deutsche Deal, Sources Tell Reuters By Mayela Armas and Corina Pons Reuters Monday, January 21, 2019 https://www.reuters.com/article/venezuela-gold/venezuela-gold-holdings-i… CARACAS, Venezuela — Venezuela’s gold holdings at the Bank of England have jumped after the country closed out a gold swap deal with … Read more
by Jon Hall, Free Market Shooter Before the new year rang in, Democrat Elizabeth Warren announced a run for the 2020 Presidency. Although the mainstream media has labeled her as a candidate against Wall Street – much like they did with a certain someone else – it’s on the record that Warren has met with Wall Street CEOs and is incredibly wealthy herself – #69 … Read more
Donald J. Trump @realDonaldTrump Former FBI top lawyer James Baker just admitted involvement in Warrant and further admitted there were IRREGULARITIES in the way the Russia probe was handled. They relied heavily on the unverified Trump “Dossier” paid for by the DNC & Clinton Campaign, & funded through a… Donald J. Trump Donald J. Trump … Read more
BY JOHN MAULDIN The US and China are the world’s largest and second-largest economies. They are also entwined in so many ways that it’s hard to tell where one ends and the other starts. Some call it “Chimerica.” which is an apt description. But that’s not bad. International trade promotes peace and prosperity for all. It’s … Read more
What an insanely confusing time for investors – central banks are carrying out unprecedented interventions, governments have crushed any semblance of free markets, and entire countries have become “zombified” as a result. We have bubbles in stocks, real estate and bonds – with massive levels of corporate debt waiting like a time bomb. In this … Read more
by SP In this video interview, The Pathology of the Rich, and article from 2013, Lets Get This Class War Started, Hedges tell of a kind of psychopathology that emerges in the supper rich. The rich are different. The cocoon of wealth and privilege permits the rich to turn those around them into compliant workers, hangers-on, servants, … Read more
Fasten your seat-belts folks. It is time for an earnings recession! At least that is what the South Korean trade data tells us.. pic.twitter.com/N92qnxlvZL — Andreas Steno Larsen (@AndreasSteno) January 22, 2019 Half of investment grade debt is one downgrade away from junk pic.twitter.com/WJkmKbJXHx — The Long View (@HayekAndKeynes) January 21, 2019 Jefferies: "It should … Read more
by Daniel Carter We’re almost two years away from the next presidential election, but Democrats have already begun to jostle for the position of Trump’s number one adversary. Gabbard, Harris, Gillibrand, Warren and Castro have already announced their candidacy for president. O’Rourke, Biden, Sanders, Booker and others are anticipated to announce their candidacy soon. When … Read more