A Global Economic Collapse Scenario

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By Matt from Silver Fortune via Silver Fortune A scary but plausible scenario for a collapse of the global economy. Don’t forget to check out Zero Sum, the first book in a series that follows a similar (but even better) plot!

Fed Inferno? Mortgage Purchase Applications Rise 1.87% From Previous Week, But Down 10% From Same Week Last Year

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by confoundedinterest17 Yes, the super-heated housing market is showing signs of slowing down. According to the Mortgage Bankers Association (MBA), mortgage purchase applications rose 1.87% from the previous week. However, purchase applications are down 10% from the same week last year. Refinancing applications dropped -.48% from the previous week as the 30-year mortgage contract rate rose … Read more

LONG COLD WINTER?

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‘Double-dip La Niña’ is HERE: Weather system has returned for a second consecutive year and could bring up to 32 inches of snow to New York City this winter and worsen California droughts La Niña has returned to the Pacific Ocean for the second consecutive year The weather system occurs when stronger equatorial winds, blowing … Read more

705742? Bitcoin Hits 63983 As US Treasury Curve Steepens (As Mortgage Rates Rise?)

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by confoundedinterest17 I have no idea why Jack Dorsey tweeted “705742.” But I do know that Bitcoin hit 63,982.92 this morning as the US 10Y-3M curve has been steepening. Since the 3-month Treasury yield has been repressed to near zero, the 10Y-3M curve is pointing to rising 10-year yields. Which likely means that 30-year mortgage rates … Read more

The UK remains mired in an inflationary burst

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by Shaun Richards This mornings inflation figures have brought a situation for which HM Treasury have been planning for not only years but decades. This is of course their effort to mislead as much as possible about the actual level of price inflation. They want inflation as it helps to deflated debt burdens but they … Read more

REVEALED: Man accused of raping woman on Philadelphia SEPTA train as passengers ‘filmed it’ is an illegal Congolese immigrant with sex abuse and drugs rap sheet who should have been deported in 2015

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Alleged rapist Fiston Ngoy, 35, has been present in the US illegally since 2015 He overstayed student visa and was not deported after criminal convictions  Ngoy was arrested and charged with raping a woman in public in Philadelphia  Police say bystanders did nothing but pull out their phones and film the attack Finally an off-duty … Read more

China’s take-over in America’s back yard: How Beijing has spent $140BILLION on ports, roads, and power plants in Latin America and the Caribbean as Cuba signs a new energy deal while US influence fades

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Cuba has agreed a new deal with China to upgrade its power grid, inviting Chinese firms to invest and build It is just the latest of Beijing’s loans, building projects, and investments to Latin America and the Caribbean China has also rapidly increased trade with the region which rose from $12bn in 2000 to $315bn … Read more

Rand Paul: Democrats “Are Going To Go After Ordinary People”…

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In an appearance on Fox News Monday, Senator Rand Paul warned that Democrats are lying about their massive social spending bill and that it will significantly affect untold numbers of ‘ordinary’ Americans. “The numbers game is fake accounting,” Paul warned, adding “They aren’t really whittling down what they are going to spend it on. They … Read more

In his own words Washington State Governor Jay Inslee tells you that he sold out to Chinese interests

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Gov. Jay Inslee offered rocketry tech to China as PLA modernized missile arsenal against U.S. carriers. https://www.worldtribune.com/gov-jay-inslee-offered-rocketry-tech-to-china-as-pla-modernized-missile-arsenal-against-u-s-carriers/https://www.worldtribune.com/gov-jay-inslee-offered-rocketry-tech-to-china-as-pla-modernized-missile-arsenal-against-u-s-carriers/ By all appearances the conclusion is inescapable: American soldiers are now far more likely to die in any military clash with China due to Washington Democrat Gov. Jay Inslee’s avidity for deal-making with the rising communist global superpower. … Read more

Bitcoin; OMG Could It Really Reach $250,000 Level?

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by Kimble Charting Can anything stop Bitcoin’s rising tide? We may know soon. Bitcoin’s recent run-up to over 60,000 is testing its 2020 highs and a key Fibonacci price resistance level. This area looks to be an important time/price juncture. Let’s dig in. Today’s chart is a “weekly” chart for Bitcoin, highlighting the strong up-trend in … Read more

Evergrande Was Just 1st Domino? More Chinese Real Estate Developers Rapidly Missing Bond Payments

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On Friday, another developer, China Properties Group, said it had defaulted on $226 million worth of notes. All eyes will be on Chinese real estate developer Sinic Holdings, which warned last week it’s not likely to repay offshore bonds worth $250 million due on Monday. Defaults loom over more property developers as China reassures investors … Read more

CNN Schedules Emergency Town Hall With Joe Biden To Improve His Approval Ratings

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After a horrendous few months in the polls for Joe Biden, CNN is sending in the reinforcements. In order to help their beloved Joe to improve his numbers, they are scheduling an urgent Town Hall so he can pitch his agenda to the American people once more. https://trendingpolitics.com/cnn-schedules-emergency-town-hall-with-joe-biden-to-improve-his-approval-ratings/   h/t Doorbert Returns