The Pope And Islam’s Most Important Imam Just Signed A Covenant That Pushes Us Much Closer To A One World Religion

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by Michael Snyder A historic interfaith covenant was signed in the Middle East on Monday, and the mainstream media in the United States has been almost entirely silent about it.  Sheikh Ahmed al-Tayeb is considered to be the most important imam in Sunni Islam, and he arrived at the signing ceremony in Abu Dhabi with Pope … Read more

“The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. ” – 1984

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by TIMOTHY_TRISMEGISTUS The plan has ways been endless war, and for much of the 20th centuries the US entered and exited engagements at will, with only minor propaganda necessary to assuage the people. After Vietnam, their failed intentions to invade Central America in the ’80s, and the withdrawal forced by public opinion from the Gulf … Read more

Student Loans – The Economic Time Bomb

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by Martin Armstrong Trump should reverse what the Clintons did to student loans. He should RESTORE the right to go bankrupt. This huge problem was created by the Democrats who exempted student loans from normal protection for consumers. In addition, the bankers then exploited the entire issue by getting parents to co-sign. The entire argument for eliminating … Read more

Let’s Just Cut Through The Nonsense About This Stock Market Rally

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by Graham Summers of Gains, Pains, & Capital Let’s cut through the nonsense. The only reason that stocks are rallying is because investors are hoping the Fed has reinstated its policy of inflating stocks… However, HOPE is very different from reality. And the Fed hinting at halting its rate hikes and possibly altering the schedule of QT is … Read more

Gregory Mannarino: Debt Slavery, Predatory Loans, Negative Rates, The Fed, World Bank, MORE!

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TradersChoice.net, Released on 2/6/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more

Dick Morris: How the Clintons Made Money from Huawei

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Hat tip to RiNS via by Dick Morris When Meng Wanzhou, the chief financial officer of Huawei Technologies, was arrested in Canada on Dec. 1 through an extradition warrant from the United States, American media described in detail how the company had apparently conspired to evade U.S. sanctions on Iran. Huawei has long been involved in … Read more

Beware “new” debt consolidation companies

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by gingerwittasoul I just received “debt consolidation” offers from Crisp Funds and Whistler Funding. I found it odd they were essentially identical, seemed to offer too good to be true rates and had no Reg Z disclosures. In the little bit of research I’ve done I’ve found that the same “company” is doing business under … Read more

Seattle to spend “about” $450,000/unit to build “affordable” homes

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by DCG Seattle Mayor Jenny Durkan Unlike private developers, Seattle doesn’t have to worry about making a profit (or even breaking even). There’s always more taxpayer dollars available for the taking! From MyNorthwest.com: Seattle Mayor Jenny Durkan is moving forward with her about $90 million plan to redevelop Discovery Park’s Fort Lawton into more than 200 affordable homes. Fort … Read more

Brace For Impact: As Credit-Asset Bubbles Pop, The Dominoes Start Falling

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by Charles Hugh-Smith The economy is far more precarious than the surface boom/bubble suggests. A great many households, enterprises and municipalities are in overloaded boats whose gunwales are just a few inches above the water; the slightest wave will swamp and sink them. The cost structure of the economy is completely out of whack with what … Read more

The Average Adjustable-rate Mortgage Is Nearly $700,000!

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by confoundedinterest MarketWatch has the tantalizing headline of “The Average Adjustable-rate Mortgage Is Nearly $700,000.” True, the average loan size for ARMs (adjustable-rate mortgages) is substantially higher than for FRMs (fixed-rate mortgages). But here is a catch. Mortgage refinancing applications are virutally dead. Mortgage purchase applications are relatively sedate but rising following the financial crisis with new … Read more

The Categorical Insanity of Central Banking

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via economicprism: Currency debasement.  Asset price inflation.  Booms, bubbles, and busts.  Yes, folks, central bankers have succeeded at making full hash of the world at large.  This goes for the Federal Reserve too. Tracing back recent financial disasters we find the mortgage meltdown coincided with the Fed’s interest rate raising cycle.  The Fed had dropped rates … Read more

JUST HOW BAD HAS THIS RAMP BEEIN?

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JUST HOW BAD HAS THIS RAMP BEEIN? well prior to 2610 the ramp was healthy which is why we thought the market could achieve 2616 to 2633 & started positioning. BUT SINCE THEN participation has been the worst in the the last decade for the markets & $SPX SELL EVEYRTHING pic.twitter.com/X4tiBJuxwW — mcm-ct.com (@mcm_ct) February … Read more

The market’s last hope is faltering…

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by Simon Black By July of last year, just three stocks (Amazon, Netflix and Microsoft) were responsible for 71% of the S&P 500’s returns. Through the third quarter, tech stocks were responsible for 95% of the S&P’s gains. Amazon alone was responsible for about one-third of the index’s move. And we long warned about the follies of blindly … Read more