Is zero reserve requirement at the banks a sign we are getting close to the end of the Ponzi scheme we have been living through? Financial writer Bill Holter says, “I’ll answer this with a familiar saying, and that is ‘desperate people do desperate things,’ and that’s pretty desperate. How safe is a banking system … Read more
by: Michael Alexander (Natural News) Los Angeles City Council President Nury Martinez has found herself in hot water for filing a motion that seeks to cut millions of dollars from the Los Angeles Police Department’s funding – all while having a security detail from the LAPD stationed right outside her home. “The Los Angeles Police Department deployed … Read more
BY JOHN RUBINO Credit Bubble Bulletin’s Doug Noland saves the rest of us a lot of time by digging through the Fed’s quarterly financial reports and presenting the results in an understandable form. These reports are always terrifying, but Q1 2020 is in a class of its own. Here, mostly in Noland’s words, are some of … Read more
from Daily Market Wisdom with Nick Santiago For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring … Read more
by Ed Driscoll via thedispatch I love CHAZ. That’s the Capitol Hill Autonomous Zone, a six-square block Wokeistan in the middle of Seattle, though I fear that they’ll change the name to something more euphoniously transgressive any minute now. And, while I feel bad for the businesses and homeowners in the area who are watching their … Read more
Chinese military officer arrested after trying to leave US Washington Examiner | June 12, 2020 12:52 PM A Chinese military officer is accused of trying to leave the United States with a cache of scientific research conducted at a California university. Xin Wang, a high-ranking member of the People’s Liberation Army, was arrested Monday and … Read more
NOTE: Report begins at 1:04. WOW- Racist Biden Videos from the 90’s h/t DS
TradersChoice.net, Released on 6/12/20 Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served … Read more
Can Disney go bankrupt with its huge debt? Well lets lay about it.
by elag20 Bear season isn’t over, and the market is about to get shafted. Here’s why: JPOW The fed talks recently confirmed the suspicion that the “V-shaped recovery” is a myth, and it’ll take years for the economy to fully recover from this crisis. The feds could never outright say “the market is cucked”, but … Read more
by LouisDesyjr As unbelievable as it seems, and almost sounds like an Onion story, the Federal Reserve has ‘reduced’ reserve requirements to zero as of March 26, 2020. So, why care? Because if we can ‘take over’ any depository institution, we can lend unlimited amounts of money, the sell the loans off in the secondary … Read more
by Kimble Charting Are Banks going to end the month with a large bearish pattern just below dual resistance? Possible, yet the month is far from over! This chart looks at the Bank Index (BKX) on a monthly basis. The rally this month took it up to test its 61% retracement level and old support as new resistance … Read more
The Nasdaq Composite just hit an all-time high, yet the DJIA remains below its peak. Here’s a perspective on financial tops and the technology sector.
by akwilliamson I opened a high interest savings account last year with Ally and have seen it do nothing but drop with reserve rates decreasing. I tracked all my rate change emails over the last year or so and documented the following: 05/21/19 – 2.20% 06/26/19 – 2.10% 08/05/19 – 1.90% 10/10/19 – 1.80% 11/13/19 … Read more
Amazon to Face Antitrust Charges From EU Over Treatment of Third-Party Sellers (WSJ): The European Union is planning formal antitrust charges against Amazon. AMZN -3.38% com Inc. over its treatment of third-party sellers, according to people familiar with the matter, expanding the bloc’s efforts to rein in the alleged abuses of power by a handful of … Read more
https://www.bbc.co.uk/news/business-53019360 The UK’s economy shrank by 20.4% in April – the largest monthly contraction on record – as the country spent its first full month in lockdown. The Office for National Statistics (ONS) said the “historic” fall affected virtually all areas of activity. The contraction is three times greater than the decline seen during the whole … Read more
by robel619 10/16/1987
Let's put the good people behind the wheels… https://t.co/CaIro6wMPv — Michael K. Reynolds (@M_K_Reynolds) June 12, 2020
Join Mike Maloney in this week’s wrap up of current events and discover why he believes we are headed towards a depression, and not just a recession.
