We are closing to the point, where politicians need to step in and stop central banks from causing a monetary collapse.

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We are closing to the point, where politicians need to step in and stop central banks from causing a monetary collapse. Independent #centralbanks were supposed to be our best defense against debt monetization and hyperinflation. It's time for them to go.@elinalepomaki https://t.co/DeGreaV298 — Tuomas Malinen (@mtmalinen) February 13, 2020 im beginning to question whether the … Read more

Nobody has a clue how bad this coronavirus situation really is.

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https://twitter.com/NorthmanTrader/status/1227978878171459585 US does not have ‘high confidence’ in coronavirus information, official says The U.S. does “not have high confidence in the information coming out of China” regarding the count of coronavirus cases, a senior administration official told CNBC. After several days of reporting a slowing number of new confirmed cases, Chinese officials said on Thursday … Read more

Tomorrow’s a big day. Judge Patricia E Campbell-Smith is expected to rule on whether to issue the stop-work order by Thursday.

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by curiousprovisions “Under a schedule already agreed to the court, Amazon, DoD and Microsoft, judge Patricia E Campbell-Smith is expected to rule on whether to issue the stop-work order by Thursday. If she does not, the Defense Department has said it plans to issue the first “substantive” JEDI task order to Microsoft on Friday.” Source If … Read more

The Crisis Will Sink Stocks And Propel Gold

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by Egon von Greyerz There are no safe assets. In 2002 we recommended our investors to hold up to 50% of their financial assets in physical gold. Today in 2020, I consider that up to 100% is the right figure since there are no safe assets except for physical precious metals. We are now at the … Read more

School calls police on kindergartner with Down Syndrome who pulls her gun finger on a teacher

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by DCG From KTLA: A Pennsylvania elementary school called the police after a kindergartner with Down syndrome made a finger gun at her teacher. Officials concluded there wasn’t a threat, but the girl’s mother said they went too far. Maggie Gaines called on the Tredyffrin-Easttown School District to update its threat assessment policy after her 6-year-old daughter Margot was … Read more

Falling Oil Prices An Economic Warning Sign

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by Lance Roberts On Tuesday morning, I got engaged in a debate on the recent decline in oil prices following my report on COT Positioning in the space. To wit: “The inherent problem with this is that if crude oil breaks below $48/bbl, those long contracts will start to get liquidated which will likely push oil … Read more

NBC News: “McClatchy, publisher of dozens of U.S. newspapers, files for bankruptcy protection” #LearnToCode

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McClatchy, publisher of dozens of U.S. newspapers, files for bankruptcy protection The publisher of the Miami Herald, The Kansas City Star and dozens of newspapers across the country is filing for bankruptcy protection https://www.nbcnews.com/news/all/mcclatchy-publisher-dozens-u-s-newspapers-files-bankruptcy-protection-n1136256 Ghosty – Big Tech Book Burning (Original Song) #VoxAdpocalypse (NSFW)   h/t dr0id

Theranos founder and CEO Elizabeth Holmes trying to get fraud case dismissed in U.S. Federal Court

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https://www.bloomberg.com/news/articles/2020-02-10/holmes-challenges-u-s-charges-over-theranos-patient-blood-tests and https://www.cnbc.com/2020/02/10/elizabeth-holmes-attorneys-ask-judge-to-throw-out-theranos-fraud-case.html For anyone somehow out of the loop on the company and why they are well known: https://en.wikipedia.org/wiki/Theranos

CNBC: Charlie Munger warns there are ‘lots of troubles coming’ because of ‘too much wretched excess’

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KEY POINTS Munger highlighted how much risk investors are taking when investing, particularly in China. “In China, … they love to gamble in stocks. This is really stupid,” Munger said. Munger also highlighted the proliferation of EBITDA as a profit metric as another sign of wretched excess, calling it “ridiculous.” “I don’t like when investment … Read more

CORONAVIRUS : 50 000 DEAD, 1.5M INFECTED AND 250M QUARANTINED ACCORDING TO CHINESE BILLIONAIRE

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Damn…   CORONAVIRUS UPDATE: Coronavirus cases spike significantly as Chinese officials adopt new counting standards; US cases now at 14. New coronavirus cases spike by nearly 15,000 in China’s Hubei province as officials expand diagnosis criteria. Prevent spread of coronavirus with ‘less hugging and kissing’, says virologist. Here’s How Computer Models Simulate the Future Spread of … Read more

Switzerland Stops 5G

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Switzerland Stops 5G — Medical Association Concerned About Cancer and Damage to Nervous System Sam Jones, Financial Times, Feb 12, 2020 Switzerland was among the first countries to begin deploying 5G, but health fears over radiation from the antennas that carry the next-generation mobile technology have sparked a nationwide revolt. Switzerland, one of the world’s … Read more

MSN: “Sacramento County Says It’s Illegal to Work on Your Own Car in Your Own Garage”

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There’s an interesting discussion happening over at the Grassroots Motorsports forum right now, and presumably at many other places off-line. It’s about laws in Sacramento County stating, essentially, that almost any auto repair you do on your property is illegal. Of course, this is deeply troubling to almost everyone reading right now. Similar laws do exist in other … Read more

Ignore The Naysayers: Trump Administration Has Successfully Engineered An Economic Boom

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by Graham Summers of Gains, Pains, & Capital I Urge You… Do Not Let Political Bias Screw Up Your Investments (#MAGA) Ignore the naysayers, the Trump administration has successful engineered an economic boom. I was recently on Cheddar discussing the markets when the anchor raised the fact that the Trump administration failed to achieve its economic goals. This … Read more