Learning The Wrong Lesson From World War II Debt

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BY JOHN RUBINO As Washington borrows and spends to keep the pandemic lockdown from turning into a Greater Depression, federal government debt is approaching the same percentage of GDP as during WW II. This is a nice journalistic hook, especially because the story – as told by the typical reporter – has a happy ending: Yes, … Read more

Electronic voting machines are banned in Germany, France, Ireland, Netherlands, France, Italy and even Canada. Why? You can’t hack paper.

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Elections Canada does not use Dominion Voting Systems. We use paper ballots counted by hand in front of scrutineers and have never used voting machines or electronic tabulators to count votes in our 100-year history. #CdnPoli pic.twitter.com/dp7ZiB84ql — Elections Canada (@ElectionsCan_E) November 16, 2020 Lots of people wanted Al Gore to fight on in the … Read more

New York City Subway system faces 40% cut in service, layoffs (they’re broke)

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(Bloomberg) — For New York and its suburbs, the blow seems unthinkable: 40% to 50% service reductions for the city’s subways, buses and surrounding commuter train lines. Yet as the economic fallout from the coronavirus deepens and no federal aid in sight, the nation’s largest mass-transit system says it has no choice. On Wednesday, New … Read more

Gregory Mannarino: THE BIGGEST MARKET MELTDOWN IN HISTORY IS COMING… Just Not Yet

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TradersChoice.net, Released on 11/18/20 Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served … Read more

Kentucky begins a new 3 week lockdown

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Here’s what Kentucky’s Governor Beshear has ordered today: *No gatherings over 25 people of any kind. *No PRIVATE gatherings over 8 people. No more than two households with a total of 8 people maximum for any private gathering. *No business may have more than 33% capacity. *No private classes in places like gyms. *All schools … Read more

FEC Chair Declares Election ILLEGITIMATE

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https://twitter.com/IvanPentchoukov/status/1329110955020709894?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1329110955020709894%7Ctwgr%5E&ref_url=https%3A%2F%2Fthedonald.win%2Fp%2F11QRaoo9se%2Fgeorgia-recount-worker-with-20-y%2Fc%2F Had this counting error not been discovered, Biden would have gained enough votes from this one batch alone to cancel out Trump’s gains from Fayette, Floyd and Walton. — David Shafer (@DavidShafer) November 18, 2020 https://twitter.com/kylenabecker/status/1329153375036956684

You hate to see it: Justice Democrats upset with Biden appointees

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by DCG The Justice Democrats who are “building the squad” were very upset about some of Ol’ Joe’s recently-announced appointees: A Joe Biden administration dominated by corporate-friendly insiders will not help usher in the most progressive Democratic administration in generations. This move gives greater urgency for Joe Biden to create an Office of Climate Mobilization … Read more

Dan Lacalle on Judy Shelton nomination being blocked: THE FED NEEDS SOMEONE TO DEFEND SAVERS!

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NTD News, Released on 11/17/20 Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential … Read more

Big tech owns our free speech

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by  Normiesreeee69 Censorship is getting worse it doesn’t feel like we have freedom of speech anymore. They are censoring what they don’t want us to know. If this was about censorship of false information then why weren’t they consistent on that when it came to Trump or other false stories pushed on others with barely … Read more

“US equities on a P/S basis just hit its highest level on record at 2.7X. Trading in the 100th percentile of its historical distribution over 40 years.”

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@RobSKaplan @neelkashkari @RaphaelBostic @marydalyecon @steveliesman pic.twitter.com/FCIQtr9RQl — M/1_LP (@MI_Investments) November 18, 2020 Another major spike. Treasury holdings by banks relative C&I loans just hit a fresh record. Again: Banks are now lending more to the government than to businesses/households. There is only one solution to this wall of debt… That‘s monetary debasement. pic.twitter.com/dETM6Vy1UX — Otavio … Read more

“Large-scale unwinding of these trades . . . was likely one contributor to s-t extreme illiquidity in government bond markets”

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  “Large-scale unwinding of these trades . . . was likely one contributor to s-t extreme illiquidity in government bond markets” It’s rich that Fed coming under (implicit) scrutiny for role played rescuing basis tradehttps://t.co/LR1RlPVtJqht @bondstrategistcc @vol_christopher pic.twitter.com/dGlnGKtIAp — Danielle DiMartino Booth (@DiMartinoBooth) November 18, 2020 FED BALANCE SHEET pic.twitter.com/G3fFy4SLuA — Win Smart, CFA (@WinfieldSmart) November 18, 2020 From … Read more

From Soros to Warren Buffett, the Smart Money Is Dumping Shares of JPMorgan Chase

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via wallstreetonparade: According to the 13F filing that Warren Buffett’s Berkshire Hathaway made with the Securities and Exchange Commission for the quarter ending December 31, 2019, it held 59.5 million shares of JPMorgan Chase with a total value at that time of $8.29 billion. By June 30 of this year, that position had been trimmed by more … Read more

Presidents Come and Go. The Fed’s Power Grows

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by Robert Aro Americans anxiously wait for the final outcome of this election, the Federal Reserve continues on its immovable course towards nationalization of the means of production. Ironically, we vote for a president who has limited power, but a hand on the nuke button; whereas, we don’t vote for the Fed chair, who has … Read more

“I really do hope we get something,” Allianz Chief Economic Advisor

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“I really do hope we get something,” Allianz Chief Economic Advisor @elerianm says about additional fiscal stimulus. “The economy actually needs some type of support right now.” https://t.co/iJWOIQgiIk pic.twitter.com/AgmZ6nSth3 — CNBC (@CNBC) November 18, 2020 Covid Hospitalizations pic.twitter.com/S5Iol86Yg1 — Win Smart, CFA (@WinfieldSmart) November 18, 2020 Covid USA 🇺🇸 pic.twitter.com/HsmYsAg67o — Win Smart, CFA (@WinfieldSmart) … Read more