What Will Be the Most Desirable Status Symbols in the Greater Depression?

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by Charles Hugh-Smith Virtue-signaling texts from your $100 million yacht no longer impress, they enrage. For the past five decades, celebrities and other wealthy folks have sought conventional status signifiers / symbols: a couple hundred thousand acres of ranchland, a luxe bug-out bunker in New Zealand, a private islet in the Caribbean, a winery, a mega-million … Read more

“The ECB is the most unaccountable central bank in the world. It was not modeled on the Bundesbank. It’s the revived Reichsbank.”, says Richard Werner

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"The ECB is the most unaccountable central bank in the world. It was not modeled on the Bundesbank. It's the revived Reichsbank.", says @scientificecon. My whole interview with Richard Werner here:https://t.co/jpebs1bzg8 pic.twitter.com/du2UK566oT — Paul Buitink 🎙 (@paulbuitink) July 5, 2020

People with a bearish sentiment will be right in the end. This bubble is going pop soon and it will wipe out many cocky permabulls.

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https://twitter.com/Hoz94s/status/1280253620362063872 The percentage of CSI 300 members in overbought territory literally went from zero to sixty in less than two months. pic.twitter.com/PDOl5cRybY — David Ingles (@DavidInglesTV) July 6, 2020 This move up in #Tesla stock — up 42.9% in the last five trading session — is absolutely remarkable.#stocks #markets #tsla #trading #investing #investors @Tesla pic.twitter.com/kojqFOvYNc … Read more

CNBC: China told citizens to buy stocks, boosting market — ‘We have the Fed…China has its state media’

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Key Points – China’s state media fed an already exuberant Chinese stock market some extra fuel Monday with a report that said fostering a “healthy bull market” is important. – The Shanghai stock market, up nearly 6% last week, added another 5.7% after the report, along with gains in other Chinese markets. – Stocks globally … Read more

RICHARD FERNANDEZ: Why the Epstein Scandal May Be the Most Important Story of the Decade.

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via pjmedia: The Epstein scandal was one of many recent events that suggested the custodians had betrayed their stewardship. If culture is the mind of a civilization, no society can long survive the corruption of its own legacy and symbols. The photo of Ghislaine Maxwell and Kevin Spacey seated on the thrones of England as guests of Prince … Read more

Bad Days Are Coming For Us With A Real Crash: Stock Market Bubble, Credit Bubble & Zombie Companies

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via Financial Argument Today’s episode is “The Stock Market Bubble, Massive Credit Bubble, and Zombie Companies “ If you believe that the increases in the stock market aren’t a complete bubble or that the dubious figures presented to you regarding the collapse of the economy are accurate and the whole global financial system is in a … Read more

CLOWN WORLD: Blacks Assaulted And Multi-racial Church Service Disrupted By BLM

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Grace Baptist Church @realgbctroyny If black lives matter, why did this black family require guards to be escorted into church to be protected from the mob? If black lives matter, why did this black family require guards to be escorted into church to be protected from the mob? pic.twitter.com/CPu5RIaG5K — Grace Baptist Church (@realgbctroyny) June 29, 2020 … Read more

JOHN ELLIS: Campus Culture Seizes The Streets: Taxpayers, parents and donors need to save higher education from activists who claim to be scholars.

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via WSJ: How did radical ideas like abolishing or defunding the police move from the fringes to official policy seemingly overnight in cities like Minneapolis, Los Angeles and New York? And after George Floyd’s killing by police touched off protests, why did so many prominent journalists and intellectuals rationalize looting and violence? For an answer, … Read more

Austin mayor Steve Adler: “If we don’t change the trajectory, then I am within two weeks of having our hospitals overrun.

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“If we don’t change the trajectory, then I am within two weeks of having our hospitals overrun. And then our ICUs, I could be 10 days away from that.” Austin mayor Steve Adler: "If we don't change the trajectory, then I am within two weeks of having our hospitals overrun. And then our ICUs, I … Read more

Meet “Alison Nathan,” assigned judge to the Ghislaine case

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This is looking pretty bad… Can you believe the judge who will preside over the Ghislaine Maxwell Case? “President Barack Obama greets departing Associate Counsel to the President Alison J. “Ali” Nathan, left, Meg Satterthwaite, and their twin sons Oliver and Nathan, in the Outer Oval Office, July 7, 2010.” https://twitter.com/Mareq16/status/1280109620623745024   Everyone should be … Read more