QE without requiring governments to reform in exchange might turn out to be the greatest financial folly in history.

QE w/o requiring gov'ts to reform in exchange might turn out to be the greatest financial folly in history. Then encouraging it to go global like that, now $27T. Structural problems/debt much worse now #Idiots@EricRosengren @RobSKaplan @neelkashkari @marydalyecon @RaphaelBostic https://t.co/D9eYHquWv1 — M/1_LP (@MI_Investments) October 12, 2020 Using the latest data from the @FederalReserve, these striking … Read more

Feds may target Google’s Chrome browser for breakup

by NewMediaMogul https://www.politico.com/news/2020/10/10/feds-may-target-googles-chrome-browser-for-breakup-428468 Google is really getting it from all angles: House Antitrust complaints (focusing on search dominance and censorship) DOJ Investigation of advertising market DOJ Investigation of Search Whatever the State AGs are going to focus on I’m not sure a divestiture of Chrome, Doubleclick, or any of their web-based advertising ecosystem would have … Read more

Ally adds “Consent to Share Personal Information” to Service Agreement; mentions the PATRIOT act

https://www.ally.com/resources/pdf/bank/ally-bank-obsa.pdf This has to do with the 314b regulations for know your customer. How it works is that once a bank signs up to the 314b database they can contact other banks to get information about a customer. Basically like Carnage says above, it makes the banks responsible for knowing what their customers are up … Read more

Aldi Grocery Store in England Fines Slow Shoppers for Shopping Too Long

A Woman has been fined £40 for shopping too long with her elderly mother who walks with a stick and is slow. She was clobbered with a £40 fine for overstaying the parking the time limit of one hour and 30 minutes. Aldi have been contacted for a comment. https://www.heraldseries.co.uk/news/18787207.aldi-fines-shoppers-spending-long-inside-supermarket/ https://www.heraldseries.co.uk/news/18787207.aldi-fines-shoppers-spending-long-inside-supermarket/   AC

Prepare Yourself! China Won’t Hesitate To Make Its Move While The Indian Economy Is In Turmoil

by Financial Argument via Financial Argument It is clear that China will take advantage of India’s collapsing economy and these weaknesses, and they will not hesitate in doing so. China will then move on to implementing the next step of its master plan. If you think the collapsing Indian economy is none of our business in the U.S., … Read more

Joe Biden campaign advisor so dumb CNN can’t defend what she is saying

https://youtu.be/z9FUtZIhWew I’m reeling with astonishment! So, it’s come to the stage where the CNN lackeys are so embarrassed by the Biden lackeys that they are forced to behave “reasonably” in order to not appear to be even greater lackeys than normal? They have no comeback, no way of pushing the Communist agenda forward because even … Read more

Monetary & fiscal disorder in one chart. Currency debasement written all over it.

Monetary & fiscal disorder in one chart. Currency debasement written all over it. pic.twitter.com/RE63EkTxlz — Otavio (Tavi) Costa (@TaviCosta) October 12, 2020 The European Central Bank sees no sign of market distortion due to its polic…Ooooops pic.twitter.com/z16J53JClp — Daniel Lacalle (@dlacalle_IA) October 12, 2020 Default risk…. I know the CBs have told us that is … Read more

A telltale sign that we’re in for a rough time ahead.

A telltale sign that we're in for a rough time ahead.🇮🇸 pic.twitter.com/lLSMemRmjW — Eric Topol (@EricTopol) October 11, 2020 Another thing that I am watching is US new residential construction. It fell 5% in August. September numbers come out 20 Oct. Lumber ($LBS_F) continues to decline, while $ITB is hitting new highs. One of these … Read more

ROGER SIMON: China and Iran Want You to Vote for Biden…. LONELY JOE: Not A Single Person Showed Up to Biden/Harris Event In Arizona.

via theepochtimes: It’s no secret the totalitarian governments of China and Iran favor Joe Bidenin the presidential election. The Chinese Communist Party (CCP) would like nothing more than to go back to the status quo ante, the pre-Trump world when American politicians convinced themselves (or pretended to) China would turn democratic if we gave them favorable trade terms and shut up … Read more

US Household Savings Are Decreasing Since April, New Stimulus Package Postpone Might Turn Spendings Negative

by Usman Salis Political instability could reduce the savings and consumption of American citizens if new economic incentives are delayed. Image Source: Twitter @jsblokland   Household Savings Decrease, Spending Might Turn Negative Jeroen Blokland, market analyst and Head of the Multi-Asset Robeco Fund, reports on how US household savings have grown since April. Undoubtedly, to some extent, … Read more

Wow Campaign clip: Do you know where I am? Maxine Waters’ $6 Million Mansion…

Do you know where I am?Maxine Waters’ $6 Million Mansion. Do you know where I’m NOT?Her District. Mansion Maxine Waters doesn’t live in her District — I do. My name is Joe Collins and I’m running for Congress against Maxine Waters. Help Me WIN: https://t.co/K4OcfhUR0E pic.twitter.com/GgnmvSWSq9 — Joe E Collins 3 (@joeecollins3) October 10, 2020 … Read more

Amount of the US Initial Jobless Claims Is Still Higher than During Financial Crisis of 2009

by Eseandre Mordi The US economy has set a new anti-record for the number of claims for unemployment. There Are Still More Jobless Claims Than in 2009 Jeroen Blokland, market analyst and Head of the Multi-Asset Robeco Fund, demonstrates what a significant number of jobless claims in the US economy, six months after overcoming the crisis. According to … Read more