WATCH: California Police Officers At Anti-Lockdown Protest Appear To STAND DOWN After Marine Vet With Megaphone Challenges Their Integrity

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Inspiring! Wow.  Let me just start out by saying that no matter what your individual views on the coronavirus lockdown orders are, this video is going to give you the chills. Protesters in several California cities, including San Francisco, Huntington Beach, and Sacramento rallied on Friday, May 1st, with huge protests against Democrat Governor Gavin … Read more

Hillary ready to swoop in ‘as Biden stumbles’

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Joe Biden’s evasive answers after he was credibly accused of sexual assault by a former staffer raises the prospect Hillary Clinton will replace the former Vice President at the top of the Democratic ticket, according to Sky News host James Morrow. The former Vice President Biden has been accused of assaulting former employee Tara Reade … Read more

Shanghai gold boss wants super-sovereign currency for post-crisis times

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SHANGHAI, April 28 – The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally. Concern has mounted among some market participants over the dollar-denominated system as the U.S. Federal Reserve cut … Read more

BIDEN: Chris Dodd, VP Search Chief, Linked To Sexual Assault — Weinstein — China

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Meet the team who will help Joe Biden pick his vice presidential running mate Biden’s vice presidential selection committee, announced Thursday morning, will include four co-chairs: Former U.S. Sen. Christopher Dodd; U.S. Rep. Lisa Blunt Rochester; Los Angeles Mayor Eric Garcetti; and Cynthia Hogan, former White House and Senate counsel to Biden. https://www.usatoday.com/story/news/politics/elections/2020/04/30/joe-biden-vice-presidential-selection-committee-announced/5156761002/ Ted Kennedy on … Read more

Why does Buffet urge investors to use EBIT and not Net Income as metric for valuating companies?

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by mrcet007 Warren Buffett’s annual letter to Berkshire Hathaway shareholders https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/02/22/2019ltr.pdf Charlie and I urge you to focus on operating earnings – which were little changed in 2019 – and to ignoreboth quarterly and annual gains or losses from investments, whether these are realized or unrealized. My assumption operating earnings = EBIT quarterly gains/losses = … Read more

DEFEAT DISINFO: Democrat Initiative Formed To COMBAT Digital Patriots

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Initiative seeks to challenge Trump’s online megaphone A new Democratic-aligned political action committee advised by retired Army Gen. Stanley McChrystal, the former head of U.S. forces in Afghanistan, is planning to deploy technology originally developed to counter Islamic State propaganda in service of a domestic political goal – to combat online efforts to promote President Donald … Read more

CALIFORNIA: 33 People Arrested During Sacramento Freedom Rally

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‘Freedom’ protest against coronavirus orders leads to arrests at California Capitol The demonstration was unauthorized and not permitted by the California Highway Patrol, but CHP officers did not disperse protesters until late in the afternoon when tense moments led to a handful of arrests. A woman who identified herself only as Michelle expressed outrage as multiple … Read more

For the #TrumpIsNotADoctor Crowd…

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Bill Nye is not a scientist. Greta Thunberg is not a climate expert. Hillary Clinton is not a President. AOC is not an economist. CNN is not a news network. Joe Biden is not winning in 2020. Michael Obama is not a woman …and Jeffrey Epstein didn’t kill himself. For the #TrumpIsNotADoctor crowd… Bill Nye … Read more

Bone-Chilling WTF Charts of the Collapse in US Demand for Gasoline, Jet Fuel, and Diesel

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It started in mid-February for jet fuel and in mid-March for gasoline. By Wolf Richter for WOLF STREET. Oil companies are reporting financial fiascos every day: Today Exxon reported its first quarterly loss since 1999 ($610 million), on a “market-related” $2.9 billion write-down. “We’ve never seen anything like what the world is facing today,” CEO Darren Woods said. … Read more

First wave: Job losses… Second wave: Bankruptcies

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https://twitter.com/RemiGMI/status/1256883933687558144 Doing some quick checking on valuations (using #Fridays close) versus S&P's 4/30/20 estimates. Two conclusions:1) Estimates have not been revised down nearly enough2) Market remains exceptionally overvalued considering what's coming on the data front. pic.twitter.com/vTEoeNgZw6 — Lance Roberts (@LanceRoberts) May 3, 2020 $VIX futures forward curve went back into a strong backwardation configuration last … Read more

GLD, Stagflation, and You

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by Sten_Duncan2 Now, there is a reason that commercial advertisements for gold target demographics that we will generously call “unsophisticated”. Gold is perfect for short term thinkers/investors because doesn’t actually grow in the long term the way equities or bonds do. But to understand the powerful short term play I’m talking about, we need to … Read more

Saudi stock market has crashed

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Riyadh’s Tadawul All Share Index ends the day down 7.4% Equity gauges in the U.A.E, Kuwait, Qatar and Egypt also drop Saudi Arabian stocks dropped the most in almost eight weeks after the kingdom’s finance minister said “painful” measures — including deep spending cuts — were needed to respond to the coronavirus crisis and crash … Read more

Russia reported 9,623 new coronavirus cases – its highest daily rise since the start of the pandemic

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#Russia- Russia reported 9,623 new coronavirus cases – its highest daily rise since the start of the pandemic – bringing the total to 124,054, mostly in the capital Moscow. 🔴 #Russia– Russia reported 9,623 new coronavirus cases – its highest daily rise since the start of the pandemic – bringing the total to 124,054, mostly … Read more