How Jeffrey Epstein funded sex trafficking ring with Wall Street help
Saagar Enjeti discusses the reveal about Deutsche Bank’s connection with Jeffrey Epstein.
Dividend payments plunge by $42.5 billion in worst quarter for income investors since financial crisis
https://www.cnbc.com/2020/07/08/dividend-payments-plunge-by-42point5-billion-in-worst-quarter-since-financial-crisis.html Dividends on net fell $42.5 billion in the second quarter from a year earlier. That was the largest decline since the first quarter of 2009 during the Great Recession, according to S&P Dow Jones Indices. For the S&P 500, dividends totaled $119 billion, a sharp drop from the record $127 billion in first quarter.
Supreme Court ruling on Trump’s tax returns, financial records to come Thursday
The Supreme Court will announce Thursday whether congressional committees and a New York prosecutor are entitled to see President Trump’s personal financial records, after the president has waged an intense legal battle to keep the material secret. The court said Wednesday that opinions in all remaining cases would be issued Thursday. The court in May … Read more
Harvard, MIT sue to block Trump administration from stripping student visas amid pandemic
Northeastern University announced Wednesday afternoon that it would join Harvard University and the Massachusetts Institute of Technology in filing a federal lawsuit against the Department of Homeland Security and U.S. Immigration and Customs Enforcement over new rules barring international students from living in the country while taking online courses. The suit, filed in U.S. District … Read more
An Average Day In The Life Of A Refugee, Post-Economic Collapse & During A Pandemic
by J.G. Martinez via The Organic Prepper For those of you wondering how my life is, I have written this article to give you an idea of what it’s like living as a refugee. Here is how we have been living these last few months, waiting for the day we can come back to Venezuela. Simple morning ritual: water, … Read more
Marquette Claims To Be A Nonpartisan Educational Entity For Tax Purposes?
Marquette University threatened to rescind student’s admission over pro-Trump TikTok video. Pfefferle’s post has been watched nearly 600,000 times and has since caught the attention of the Marquette community, some of whom began harassing Pfefferle. Others threatened her life. “I hope you get shot,” one commenter told Pfefferle. “I’d pray for you but you’re not … Read more
Pharma execs used strip clubs, broke FDA laws to boost opioid sales
A former sales VP for a pharmaceutical company was sentenced to prison tells 60 Minutes he bribed doctors to prescribe fentanyl drugs. Bill Whitaker reports.
The World is Really This Dumb Now. (Video.)
I’m not allowed to say what country this is from in this forum. Seems fitting though: I have no more words. AC
A Recovery Worse Than Most Recessions
by UPFINA Let’s start with the most obvious confusion. JP Morgan stated the consensus is if the Democrats win the 2020 election it will be bad for U.S. stocks, but they view it as “neutral to slight positive.” That does not compute with the chart below which shows their 2021 earnings projection if the Dems win. … Read more
Fitch ratings: More countries to be junk than investment grade for first time
Fitch ratings: * Record number of credit rating cuts in last six months * More countries to be junk than investment grade for first time * Global debt-to-GDP to hit 95%, has doubled over last decade Thomson Reuters — Alessio (@AlessioTMAD) July 8, 2020 2009-2019: 5 Bankruptcies a Year 2020: 5 Bankruptcies a Week 🙏@DiMartinoBooth … Read more
Financial analyst Gary Shilling says the stock market could see a 1930s-like decline
Some excerpts from the Gary Shilling guy that CNBC keeps shilling (heh). “In June 2011, he predicted a 20% drop in housing in 2012 with a resulting global recession. In October 2012 he predicted a global recession in 2013. In August 2015, he predicted that the price of oil “is headed for $10 … Read more
Costco refunded my 2-year 24hr fitness pass: never hurts to ask
by thatsamaro Last November I thought I was getting a great deal by buying a pass from 24 fitness from Costco. Of course, I did not anticipate a pandemic that would close gyms. I had gotten a good 5 months of use out of the pass, and I figured I was just out of luck. … Read more
As expected, and sadly, deaths are starting to pick up in the U.S.
As expected, and sadly, deaths are starting to pick up in the U.S. Still lagging case growth for the time being, which is certainly positive. pic.twitter.com/0HzgqcYpFW — Jonesy (@HedgeyeDJ) July 8, 2020 https://twitter.com/Hipster_Trader/status/1280862935200550912
Schwab’s Insane Stakeholder Economics is Marxism in Sheep’s Clothing
by Martin Armstrong QUESTION: It would please me if you would comment on the subject of “Stakeholder Capitalism” vis-a-vis this article from Forbes. PR ANSWER: I have actually gone into detail on Schwab’s absolute Marxist philosophy of “Stakeholder Economics” economics where a corporation’s first loyalty is to the community and not the shareholders to the point it must … Read more
TOTAL MARKET INSANITY: Toyota vs. Tesla
BY SRSROCCO The present market insanity reminds me of the similar mentality of Americans right before the 1929 stock market crash and the pre-1999 Tech Bubble. However, the big difference today is that technology has destroyed the ability of investors to understand the meaning of VALUE. The notion that technology makes the world better fails … Read more
More than 20% of Businesses in Germany Fear Their Future Survival
by Martin Armstrong The economic damage due to this fake coronavirus pandemic that has been touted as if it were the black plague is massive. In Germany, 21% of existing companies fear they will not survive. The total damage that has been unleashed upon the world economy is beyond stupid if it were truly a mistake, but … Read more
Michigan’s Trojan Horse to Open the Door for Judges to Order People Be Implanted with Tracking Chips
by Martin Armstrong I have a correction to make. Gretchen Esther Whitmer is a Democrat serving as the 49th governor of Michigan. When I first reported that a bill prohibiting employers from implanting chips into their employees, it did seem a bit strange that a Democrat would actually protect the people against this hidden agenda … Read more
Congress Sells Out U S Troops, Refusing To Again End Afghanistan War
Truth in Media, Released on 7/7/20 While the New York Times and other media outlets are deeply concerned about evidence lacking and unverified reports of Russian bounties on U.S. troops, they all but ignore that the U.S. Congress has once again sold out U.S. troops in a new vote that refuses to bring them home … Read more
A Small Sign Of Sanity Among The Left:
‘Stifling Atmosphere’ of Cancel Culture Will Harm ‘the Most Vital Causes of Our Time,’ Leftists Warn. On Tuesday, Harpers released a powerful open letter denouncing cancel culture and celebrating open debate. Even far-left anti-capitalist Noam Chomsky signed the letter. “The free exchange of information and ideas, the lifeblood of a liberal society, is daily becoming more constricted,” the … Read more
The War On Prosperity:
House Dems Look to Resurrect Harmful Obama-Era Labor Regulation. “Industry study found that Obama rule cut 375,000 jobs.” The Trump administration in 2019 rolled back an Obama administration regulation that held parent companies responsible for labor violations committed by franchisees or contractors—otherwise known as the “joint employer standard.” House Democrats, led by Rep. Rosa DeLauro (D., … Read more