The Coming Revolt of the Middle Class

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by Charles Hugh Smith via Of Two Minds That’s how Neofeudal systems collapse: the tax donkeys and debt-serfs finally rebel and start demanding the $50 trillion river of capital take a new course. The Great American Middle Class has stood meekly by while the New Nobility stripmined $50 trillion from the middle and working classes. As this RAND report documents, $50 trillion has … Read more

If you think the short squeeze in #GameStop is epic, wait until you see what happens to #gold and #silver when the shorts in those markets are forced to cover.

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If you think the short squeeze in #GameStop is epic, wait until you see what happens to #gold and #silver when the shorts in those markets are forced to cover. GameStop can easily issue more shares but new supplies of physical gold and silver to deliver will be very hard to find! — Peter Schiff … Read more

The 50 Most Visited Websites in the World

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by visualcapitalist If you spend any time online, it’s likely you’re familiar with some of the world’s most visited websites. On today’s internet, a handful of giants have unmatched dominance. Top Three Websites (Monthly visits): Google: 92.5 billion YouTube: 34.6 billion Facebook: 25.5 billion Together, the top three websites rake in 152 billion visits monthly, outpacing the next … Read more

GameStop – Who Done It?

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by Martin Armstrong   While many pundits are calling this the “squeeze of a lifetime” and a war of retail against the hedge funds, in reality, it was a PERFECT cyclical move after 13 years down. Of course, they are claiming that a band of retail are waging war against the Hedge Funds and the press is claiming “one … Read more

Reddit Day-Trader Frenzy Sends Silver Prices Soaring

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By MINING.com  Reddit investors have discovered silver, with everything from silver miners, silver ETFs and the actual price of the physical metal itself soaring on Thursday. Spot silver soared as much as 6.8%, the biggest jump since August. IShares Silver Trust, the biggest exchange-traded instrument backed by the metal, rose as much as 7.2%, the biggest … Read more

The Dollar’s Reserve Currency Status Won’t Last Forever

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by Doug French via Mises The Federal Reserve and the confederation of central banks which follow Chair Powell and his lieutenants at the Eccles Building have flooded the world with fiat script which is only limited by Keynesians’ and modern monetary theorists’ imaginations. In this flurry of metaphorical printing, one country, Russia, has loaded its central bank balance sheet … Read more

Who’s Next after GameStop?

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by Shaun Richards This morning it is hard not to have a wry smile at the recent turn off events. If we start with the share price of GameStop it went as high as US $380 and as low as US $249. It was at US $290 after hours. If we return to my explanation … Read more

“This is a financial revolution. . .”

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by Simon Black At precisely 2:32pm Eastern time on May 6, 2010, the US stock market started to drop. The decline was sudden, and vicious. Within minutes, more than $1 trillion of market capitalization had vanished, with the Dow Jones Industrial Average losing nearly 10% of its value. This event became known as the ‘Flash … Read more

Putin: growing inequality and unemployment and a rise of populism as potential triggers for new conflicts that he said could plunge the world into a “dark anti-Utopia”.

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……Spiralling tensions have come to resemble the situation before World War II. …………… “I strongly hope that such ‘hot’ global conflict is impossible now. It would mean the end of civilisation,” he said. “But the situation may become unpredictable and spin out of control. There is a real danger that we will face a downturn … Read more

CRUZ: “I am also growing increasingly concerned over the past two weeks of a pattern among Biden Admin. nominees of consistently moving towards and embracing the Chinese Communist Party.”

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Sen. @tedcruz: “I am also growing increasingly concerned over the past two weeks of a pattern among Biden Admin. nominees of consistently moving towards and embracing the Chinese Communist Party.” pic.twitter.com/hYI8pnhZ1w — Forbes (@Forbes) January 28, 2021  

Tulsi Gabbard: Democrats Trying To Turn America Into Police State

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Former US Rep. Tulsi Gabbard (D-HI) has been sounding the alarm over new “domestic terrorism” legislation introduced by Adam Schiff (D-CA) and highly charged claims by former CIA director (a partisan Democrat) that “even libertarians” are potential “domestic terrorists.” A police state is coming unless people like Brennan and Schiff are denounced by President Biden … Read more

GameStop united the country at a time when nothing else could.

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https://twitter.com/jordylancaster/status/1354828740640071682 GameStop united the country at a time when nothing else could. — Chairman (@WSBChairman) January 28, 2021 Wall Street giants are calling foul after having been beaten at their own game by a bunch of guys on the internet. It’s hard not to cheer. “Robinhood customers took to Twitter to express their outrage surrounding the … Read more

The Economic Impact of the 10 Worst Disasters in 2020

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by howmuch Natural disasters are sudden and terrible events in nature that cause widespread property damage and loss of human life. The coronavirus pandemic does not technically count as a true natural disaster. As if 2020 weren’t already one of the worst years ever, there was also substantial economic damage from more “traditional” natural disasters … Read more

7 of the 10 most-discussed tickers on WallStreetBets yesterday are now blocked by Robinhood

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by pdwp90 ROBINHOOD HALTS BUYING OF GAMESTOP AND OTHER HOT STOCKS, INFURIATING USERS: Robinhood also shut down buying of AMC (AMC), BlackBerry (BB), Bed Bath and Beyond (BBBY), Express (EXPR), Koss (KOSS), Naked Brand Corp (NAKD) and Nokia (NOK). Users can only liquidate or close positions. The GameStop stocks’ run was originally popularized by Reddit forum … Read more

$GME & WallstreetBets: How it started… how it went… how it’s going…

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https://twitter.com/EconomPic/status/1354845278386327552 https://twitter.com/MilwaukeeBonds/status/1354842609651490818 I got to say I LOVE LOVE what is going on with #wallstreetbets. All of those years of High Frequency Traders front running retail traders,now speed and density of information and retail trading is giving the little guy an edge. Even my 11 yr old traded w them and made $ — Mark … Read more