Chicago’s Death Spiral: There’s No Can Left To Kick

Authored by Ted Dabrowski and John Klingner via Wirepoints.org, Chicago Mayor Lori Lightfoot has presented her plan to cover an $838 million budget shortfall for fiscal year 2020. Like her predecessors, she’s chosen to focus on plugging a one-year budget deficit largely with a one-off deal and a number of tax hikes. And also like her predecessors, she’s … Read more

Why It’s Time for Banks to Make Bold Late-Cycle Moves

by visualcapitalist An economic downturn is approaching on the horizon. Amid low interest rates and a manufacturing slowdown, industries and investors alike are scrambling to prepare as the window of opportunity closes. Banking is no different. After a decade of expansion, the industry is showing many signs of a late-cycle economy. On top of this, a … Read more

Don’t Blame The Global Slowdown On Trump’s Trade War

Via The Economic Cycle Research Institute (ECRI), Ever since last year, nothing has grabbed economists’ attention as much as the whipsawing evolution of the US-China trade war. Just last week, the IMF downgraded its global growth forecast for 2020, citing trade and geopolitical tensions. But economic forecasters are misunderstanding the primary cause of the current global slowdown, which … Read more

Hillary Clinton says flashing videos that appear and disappear on the dark web caused her to lose in 2016

https://twitter.com/JackPosobiec/status/1187414623328391174 Clinton: “Well, I think there’s gonna be two parts and I think it’s gonna be the same as 2016: ‘Don’t vote for the other guy. You don’t like me? Don’t vote for the other guy because the other guy is gonna do X, Y and Z or the other guy did such terrible things … Read more

How You Can Buy the Same Stocks as Elite Hedge Funds

By Robert Ross I’m sure you’ve heard of hedge funds, maybe on shows like Billions or in movies like The Big Short. Hedge funds are a special type of investment company. They pool money from many investors and use complex strategies to invest, often aggressively. Most people can’t invest in hedge funds—only high-net-worth individuals and institutional investors. So … Read more

Just a reminder that in a DNC lawsuit against Assange, he was found not to be a co-conspirator of Russia, with his publications being protected under the First Amendment.

by SSAUS Many people are of the opinion that Assange and WikiLeaks acted inappropriately with regard to their 2016 publications about the DNC and Hillary Clinton. In a DNC lawsuit against WikiLeaks and others, this was found not to be the case: The DNC argues that WikiLeaks should be considered an after?the?fact coconspirator for the theft … Read more

COLORADO: Former state rep accused of sexual assault uses campaign money to ‘reimburse’ self for ‘legal fees.’

via completecolorado: “Galindo’s resignation came from scrutiny she faced when two women accused her of sexual assault they said occurred while they worked under her during her campaign for office during the spring, summer and fall of 2018.” Rumors surrounding the future of former House District 50 Rep. Rochelle Galindo continue to circulate as the 29-year-old … Read more

The Fed is sharply increasing the amount of help it is providing to the financial system

Why is this not major headlines? Why is Trump not mentioning? What really is going on here… BREAKING The Federal Reserve is ramping up the amount of temporary liquidity injections it is providing for overnight lending markets. Starting Thursday, the repo operation offerings will escalate to $120 billion from the current $75 billion as the … Read more

Strongest Economy Ever? Americans Receive More In Benefits Than Pay In Taxes

by Lance Roberts At the beginning of August, I discussed the following tweet from the President: What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world…. … Read more

China’s Growth Much Worse Than Reported, What About The U.S.?

by Mike Shedlock China doubles value of infrastructure project approvals to stave off economic slowdown amid trade war. The South China Morning Post reports China Doubles Value of Infrastructure Project Approvals to Stave Off Slowdown. The National Development and Reform Commission (NDRC) has approved 21 projects, worth at least 764.3 billion yuan (US$107.8 billion), according to … Read more

Is official, Google claims they have a CPU chip that can calculate each SECOND the same data that for a supercomputer can take 50 YEARS. All passwords, bitcoin, current cryptographic codes can be defeated in minutes or days

Official google video Google claims they have a CPU chip that can calculate each SECOND the same data that for a supercomputer can take 50 YEARS. All passwords, bitcoin, current cryptographic codes can be defeated in minutes or days. One day for this CPU chip equals 2160000 YEARS that is 2 million 160 thousands years … Read more

I firmly believe over 85% of Americans are unequipped & intellectually unqualified to vote.

by samlosco_ How can a country who has been so incredibly deceived, manipulated and let down by their establishments be reasonably capable of developing a truly pure opinion? Americans seem terrifyingly vulnerable to manipulative rhetoric. We really should educate people about the risks associated with wishful thinking, we cannot allow it to continue to replace … Read more

Under digital surveillance: how American schools spy on millions of kids

Following the school shooting in Parkland, Florida, the technology company Bark was offering schools free, automated, 24-hour-a-day surveillance of what students were writing in their school emails, shared documents and chat messages, and sending alerts to school officials any time the monitoring technology flagged concerning phrases. Bark and similar tech companies are now monitoring the … Read more

The MSM is a joke and the fourth estate is broken. Our societies are getting played while the Corporations pick their teeth with our bones.

by garybeard I think holding power to account is a crucial tennant of journalism. As all of you know what constitutes journalism these days in the MSM is a joke. Whether you look at the USA, UK, Brazil, Australia (my home country) or anywhere it is messed up. Your average punter doesn’t have an informed opinion … Read more