Tough year for consumers.

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https://twitter.com/NorthmanTrader/status/1290976297368334337 FED missing inflation caused by wide availability of middle class (trying to fix their Phillips curve narration without understanding how they killed them) vs artificially raise it to decimate middle class to lift up deflationary pressure even in a bigger scale. — GregTheAnalyst (@Analyst_G) August 5, 2020 More Bailout Cash Won’t Stop Wave of … Read more

“The U.S. now has about $154 trillion of unfunded promises to pay. 7.5 times GDP. There is no way you can pay that back with purchasing power. If you decide to fund these, we do it over 75 years. You would have to take 10% of GDP and set it aside.”

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https://twitter.com/DiMartinoBooth/status/1290966227540729856 https://www.youtube.com/watch?v=WQQA74TtWao&feature=youtu.be Gold prices hit $2,000 ounce for first time…      

Top Experts Warn That Market Collapse Is Imminent As Federal Spending Spirals Out Of Control

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https://www.youtube.com/watch?v=c0ohcF5AxMk In this video, we’re going to discuss the failures in policy that have exacerbated this economic collapse, and the reasons why Fed spending won’t pull us out of a recession anytime soon. We’ll tell you what experts predict for the future of US markets, and the dangerous tipping point that the global economy rests … Read more

LOOK How Nancy Pelosi Just Used OUR Children as Her Own Political Pawns

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https://www.youtube.com/watch?v=3LtVsYOd4tc Chris Donaldson from Trending Politics reports, With no real policies outside of promoting racial strife and fomenting anarchy and a walking corpse as their presumptive nominee, Democrats are betting their future on the destruction of the nation’s economy. Read More/Source/Credit/FairUse: https://trendingpolitics.com/pelosi-u…  

Market Crash info

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by DIRTY_MAGICIAN At the beginning of the housing market crash of 2007/8, housing sale prices dropped from $305,800(Q4-2007) to $290,400 (Q1-2008)(-5.04%) Today, 2020, Q1 to Q2 dropped from $383,000 to $368,700(-5.74%) US House Prices consistently correlate a 6 month forecast of Real Personal Consumption Expenditures (PCE), according to Oxford Economics. Q2(2020) GDP decreased 32.9%, where … Read more

LOOK What these Pro-Life Activists Chalked on the Street that got them ARRESTED

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https://www.youtube.com/watch?v=n2MKt7nDFBY Andrew Mark Miller from washington examiner reports, Two anti-abortion activists were arrested Saturday morning after writing “black preborn lives matter” outside of a Planned Parenthood building. Writing the phrase in chalk on the sidewalk outside of a Planned Parenthood site in Washington, D.C., was part of an event held by Students for Life of … Read more

Iron, Not Saturated Fat, May be The REAL Cause of Heart Disease

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After reevaluating the early studies of saturated fat and heart disease no evidence was substantiated that saturated fat causes heart disease: Conclusions: “A meta-analysis of prospective epidemiologic studies showed that there is no significant evidence for concluding that dietary saturated fat is associated with an increased risk of CHD or CVD. More data are needed … Read more

Scientists Have Warned That A 400 Foot Tsunami Could Hit The East Coast If An Asteroid Hit The Atlantic Ocean

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by Michael Snyder We live at a time when giant space rocks are whizzing past our planet with alarming regularity.  Sometimes we know in advance that they are coming, and sometimes we don’t.  In fact, on July 28th an asteroid the size of a car zipped past our planet “at a range that rivals the orbits … Read more

Did The “Mushroom Cloud” Explosion In Beirut Just Push The Middle East Closer To A Major War?

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by Michael Snyder 2020 just keeps getting weirder.  On Tuesday, an absolutely massive explosion caused a red mushroom cloud to rise high over the city of Beirut, Lebanon.  It is being called “Beirut’s Hiroshima”, and the blast was heard as far away as Cyprus.  You can watch a two minute compilation that contains video clips of … Read more

TikTok and our Last-Ditch Desperation for Social Mobility

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by Charles Hugh-Smith Social media offers hope of achieving higher social status, something that is increasingly out of reach in our winner-take-most economy. I’ve often addressed the decline of social mobility and the addictive nature of social media, for example, Why Is Social Media So Toxic? I have long held that the decline of social mobility–broad-based … Read more

Virgin Atlantic – which is 49% owned by Delta – files for bankruptcy as pandemic savages airline industry

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Virgin Atlantic filed for Chapter 15 bankruptcy in New York on Tuesday Chapter 15 allows foreign debtors to protect U.S. assets from creditors Company says it is pursuing a ‘solvent restructuring’ under British law Warned London court it would run out of cash next month if no deal is reached   Virgin Atlantic is the second … Read more

Amazon’s bid to compete with Uber in U.K. approved. Amazon’s $575M investment in Deliveroo for 16% stake has been approved by British regulators.

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https://chainstoreage.com/amazons-bid-compete-uber-uk-approved British regulatory authorities have reportedly cleared Amazon’s purchase of a minority stake in an online U.K. food delivery startup. According to CNBC, a $575 million Series G funding round in Deliveroo which Amazon initially led in May 2019 has received final approval from the U.K.’s Competition and Markets Authority (CMA). The CMA halted the … Read more

11% of all Australian mortgages are still on deferred payments with the dollar value continuing to grow. If that’s not worrying enough, 17% of small business loans are also deferred. How many of those are secured by residential property?

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11% of all Australian mortgages are still on deferred payments with the dollar value continuing to grow. If that's not worrying enough, 17% of small business loans are also deferred. How many of those are secured by residential property? APRA graphic #ausbiz #auspol pic.twitter.com/8b0ZUhqxMf — David Scutt (@Scutty) August 4, 2020

Storm Clouds Are Gathering…: Maund

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by Clive P. Maund There is a now widespread universally held belief, especially amongst “dumb money” market participants, that the markets cannot drop because the Fed is going to keep creating money in ever greater quantities to throw at pumping them higher and higher. This erroneous belief appears to be based on an assumption that … Read more