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by Adam Taggart When asked what the biggest risks facing the economy are, David Stockman, lifelong Capital Hill and Wall Street insider, says “That’s easy. There are three: The Fed, The Fed and the Fed.” After decades of misguided policy and chronically missing its targets, Stockman thinks the Federal Reserve is truly barreling off the rails … Read more
by Thorsten Polleit via Mises “Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on … Read more
Talk Digital Network, Released on 9/17/20 Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog: http://www.jugglingdynamite.com. Danielle worked as an attorney … Read more
Fox Business, Released on 9/17/20 Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, … Read more
U.S.S Nimitz enters Persian Gulf Friday along with guided-missile cruisers Princeton and Philippine Sea, destroyer Sterett: Navy pic.twitter.com/cylpABoxQf — Lucas Tomlinson (@LucasFoxNews) September 18, 2020 https://t.co/d6932bzj0h Imagery via @planetlabs pic.twitter.com/fuD7R4HgH8 — Aurora Intel (@AuroraIntel) September 18, 2020 Danish Warship still at the mouth of the Straits of Hormuz/Gulf of Oman https://www.vesselfinder.com/vessels/DNK-EMASOH-WARSHIP-IMO-0-MMSI-219103000 USAF C17 Persian Gulf … Read more
Former President Obama called on the Senate not to fill the Supreme Court vacancy created by the death of Ruth Bader Ginsburg on Friday, urging Republicans to live up to the standard they set in 2016 when they refused to give a hearing to his final nominee, Merrick Garland. Obama, in a statement responding to Ginsburg’s death, praised the late … Read more
Associate Justice Ruth Bader Ginsburg died this evening surrounded by her family at her home in Washington, D.C., due to complications of metastatic pancreas cancer. She was 87 years old. — Jake Tapper 🦅 (@jaketapper) September 18, 2020 US Supreme Court: Justice Ruth Bader Ginsberg has died. pic.twitter.com/q78wKTAwkw — Jake Tapper 🦅 (@jaketapper) September 18, … Read more
Cathy Munzer is a single mother who lost her health insurance during the coronavirus pandemic. Munzer, who was a yoga and fitness instructor at two major gyms in Manhattan, was laid off in March and has struggled to find work. Now her medical bills are in collections after she fell behind on payments from being treated in … Read more
https://twitter.com/yuriymatso/status/1307078902205083648 https://twitter.com/Hoz94s/status/1307011089633288193 “You can increase profits in two ways-increase your sales & revenue or you can cut costs. I believe companies are going to do latter & biggest expense they’ll have is their employees. A lot of these workers that were furloughed…be permanently unemployed” https://t.co/AvbAOfRpVN — Danielle DiMartino Booth (@DiMartinoBooth) September 18, 2020
One year ago today – something massive happened in the global markets that marked the beginning of the current crisis. No, it wasn’t the health crisis that kicked off this industrial scale panic…tune in to Mike Maloney’s latest analysis to see the evidence of this event as well as conclusive proof that financial models are … Read more
AAPL is officially closed in bear market territory. A lot of over-hyped growth names are down 20-40% in 2 weeks. Just remember, thousands of meatheads averaged down these names during the last 2 weeks, they all became investors now. — xTrends (@xtrends) September 18, 2020 https://twitter.com/Hoz94s/status/1307050134488915973 Toby just realized the market doesn’t always go up … Read more
Japanification of U.S. pic.twitter.com/R77tZPsrSr — Win Smart, CFA (@WinfieldSmart) September 15, 2020 US 10-Year Treasury Yield…September 1980: 11.6%September 1985: 10.4%September 1990: 8.9%September 1995: 6.2%September 2000: 5.9%September 2005: 4.3%September 2010: 2.8%September 2015: 2.2%September 2020: 0.7% — Charlie Bilello (@charliebilello) September 18, 2020 Will social media broaden public understanding of the direct role the Fed played in … Read more
BY JAMES RICKARDS UNEMPLOYMENT skyrocketed in March and April, during the worst stage of the pandemic and the lockdowns that followed. The unemployment rate approached 15% in April and total initial claims for unemployment benefits exceeded 59 million between March and August. This was the worst episode of unemployment since The Great Depression in the … Read more
by Dave Kranzler of Investment Research Dynamics “Look at the underlying fundamentals that are driving it [gold and silver prices]. The financial condition of the country that hosts the reserve currency deteriorates more everyday and the Central Bankers are trying to kick the can down the road on an inevitable financial system and monetary system reset by printing … Read more
Joe Biden's been around so long, Johnny Carson was hammering him for plagiarism way back in 1987. pic.twitter.com/Q105lQpJzT — Scott Whitlock (@ScottJW) September 17, 2020 Full speech comparison: Lying about his education: If his memory had failed him in 1987 it sure as hell is failing him now. Here’s the full clip of that lying … Read more
Daniel Andrews' plan to give police the power to arrest people who haven't even committed an offence were put to parliament today. The new laws would even give public servants the power of arbitrary detention against citizens they think might breach lockdown | @SimoLove #springst pic.twitter.com/2dc8w2efx1 — 10 News Melbourne (@10NewsMelb) September 17, 2020 … Read more
I’m a registered Independent, and I found this interesting. This is an open letter to all Democrats from a Democrat. I did not write this, but it needs to be shared… I just have a few questions for you….Let me start with, I already know you don’t like President Trump…that’s a given, SO let’s move … Read more
Taiwan scrambled fighter jets as multiple Chinese aircraft buzzed the island, including crossing the sensitive mid-line of the Taiwan Strait, in an escalation of tensions the same day a senior U.S. official began meetings in Taipei https://t.co/aDhEGMkLs7 — Reuters (@Reuters) September 18, 2020 Taiwan’s Ministry of National Defense reports that two China's PLA H-6 bombers, … Read more
by Kimble Charting 90-days ago this cup & handle pattern was discussed on See It Market when Gold was trading at 1717. Fast-forward to today and Gold is up 15 percent. So it’s time for an update! As we pointed out 90-days ago, the initial price magnet for the rally was the 261.8 Fibonacci extension that marked the 2011 high … Read more
Every empire falls. It does this largely because of its own failures. It crumbles from within as more corruption and greed consume it in haste. More people are jumping onto the pile, pushing their savings into the stock market. Many inexperienced traders are rushing to buy leveraged positions in technology stocks which have completely taken … Read more