NEW YORK (Reuters) – Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday. Lampert’s bid, boosted from an earlier $5 billion offer, … Read more
via @OccupyWisdom : THE WEALTH DEFECT Household net worth now 700% or 7X the amount of disposable income of the household. This is the direct effect of “asset” price inflation. Each bubble has progressively grown larger as incomes have stayed static. People feel wealthy, but it’s only a feeling
via MarketWatch: PG&E’s bankruptcy would result in a default of $17 billion of its bonds If Pacific Gas & Electric Co. follows through with its bankruptcy announcement, the country’s largest utility would record the third largest default in the U.S. investment-grade corporate bond market since 1998. PG&E announced it would file for bankruptcy by … Read more
via Zerohedge: It is natural that we measure things by a familiar yardstick – the problem is that being so-biased or lazy, we can be deceived. Take gold. Popular belief has it that gold prices have not performed especially well despite some egregious geopolitical and economic factors. Well measured in 72 currencies, gold is at … Read more
It's easy to swim with the tide. The current will turn against the bulls soon enough. pic.twitter.com/WTf4V9S4ff — Chris Carolan $=1/∞ (@spiralcal) January 15, 2019 https://twitter.com/OccupyWisdom/status/1085526961152237568 For the bears: Longer-term dynamics are still very bearish. Declining momentum, break of major long-term uptrends, and major monthly sell signals. $SPY $TLT https://t.co/FScvISZoO4 pic.twitter.com/aOyDI0aYa4 — Lance Roberts (@LanceRoberts) … Read more
Global non-financial corporate debt hit a record high of 92% in Q3 2018. pic.twitter.com/fDyv5HQ5D9 — IIF (@IIF) January 15, 2019 Flashing Red Indicator Warns of Rising Risk of Financial Crisis The demand for debt issued by the U.S. federal government has been plunging despite rising yields, and this is a worrisome sign to some observers. … Read more
Jim Hoft for the Gateway Pundit reports, 36-year-old paramedic Paul Besaw was killed alongside his paramedic colleague, 51-year-old Lahiri Garcia, when they were struck and killed by a drunk illegal immigrant in February 2017. Palm Beach County records show the driver Genaro Delacruz Alqui was cited several times for traffic violations over the years. https://www.youtube.com/watch?v=W4iq7p94iBk … Read more
What does the fact that China just injected a RECORD amount of money into their markets tell you about the state of their economy and financial system right now? The stock market is weak. Yes, I said it. $15 trillion printed since the financial crisis and record low interest rates for a decade and … Read more
by StockCassandra 2 days ago, services went to hell. https://www.victoriaadvocate.com/news/business/dallas-fed-texas-service-sector-activity-decelerates-retail-sales-growth/article_bb543482-0fcb-11e9-98fd-074a0502514b.html Texas service sector activity grew at a slower pace in December, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, fell more than 11 points to 10.1 in December. Positive readings … Read more
CCN reports, Goldman Sachs has predicted that the price of gold will rise this year driven by fears of slowing economic growth, according to CNBC. In the next three months, the investment bank has forecast that the price of gold to hit $1,325 per troy ounce from $1,250. https://www.youtube.com/watch?v=esLXfUVmVCo Read More/Source/Credit/FairUse: https://noblegoldinvestments.com/gold…
by John W. Whitehead “Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.”— William Pitt How far would you really go to secure the nation’s borders against illegal aliens? Would you give the government limitless amounts of money to fight yet another endless … Read more
by DontLetHATEUniteYou Like we said, it is crazy that government is spying and recording everything, we are now saying that it would be crazy to have a score determining a person’s standing in society. We already have a scoring system in form of a credit score, but now there is a bigger dimension of data … Read more
This from Zimbabwe pic.twitter.com/OymNpiiqwl — goodie2shoes (@Geraldi36333459) January 16, 2019 There is a total internet shutdown in Zimbabwe. VPNs are not working. All websites are down.. https://twitter.com/DougColtart total Internet shutdown in Zimbabwe, tyranny in action, army, police doing door to door roundups @AJEnglish @BBCWorld @BBGAfrica @BBCAfrica @CNN @SABCNewsOnline total Internet shutdown in Zimbabwe, tyranny in … Read more
Alex Cifuentes, who says he was a close associate of Guzmán for years, told a New York City courtroom that he had told authorities of the bribe in 2016. According to reporters in the Brooklyn courthouse, Mr Peña Nieto had requested $250m before settling on $100m. Cifuentes claimed the delivery was made to Mexico City … Read more
by Martin Armstrong Parts of Canada could become the coldest spot on the planet with a winter storm coming with crazy frigid temperatures with wind chill factors in the -40oC level for some. This going to be really dangerous. Quite frankly, the human body was NOT designed to handle conditions like that. This is really very dangerous … Read more
by Martin Armstrong The latest game in Germany is now Merkel, who offered cash to refugees to return last November, has stepped up her game and offered to pay their living expenses for one year if they return home. Billboards are appearing all over Germany making this latest offer. Believe it or not, more than … Read more
by Martin Armstrong The government is using Civil Asset Forfeiture to simply rob people. The numbers are in for Texas along. The police department stole $50 million in confiscations during 2017 when nobody was ever charged with a crime. They hat to publish these numbers because they know they are doing something unethical. They seize property and … Read more
Best-selling author of “The Age of Anomaly,” economist Andrei Polgar predicts, “The next crash will be the worst the world has ever seen . . . because problems have kept accumulating. Now, we have come to accept the unsustainable as status quo. We look at the GDP ratio of Japan that is over 200% and … Read more
We don’t hear much about Fukushima, do we? There is good reason for the media to ignore it. Join me as we look at the Fukushima nuclear disaster…then to now. The truth needs told, and it’s scarier than you can imagine. h/t Philadelphian
The BREXIT did not go very well for Theresa May, the parliament voted against the deal. May might be in trouble. Trump reports that Volkswagen will be spending millions in the US to create jobs. PG&E is filing for bankruptcy, Rothschilds vice chair resigns from the board. The shutdown is very different than previous shutdowns. … Read more
http://www.waff.com/b75f7b2e-272b-4a49-9f4c-8e53048d3bf5 via WAFF: The government shutdown has many people across the Tennessee Valley worrying about how they’re going to make ends meet. Now, there is growing fear among those living in public housing complexes as HUD funding is only guaranteed through February. “This is the first time in 18 years that we’ve been to this … Read more
Obama told the Russians that he would have flexibility, why didn’t the media report this as collusion.[DS] is panicking, Adam Schiff tweets out about fake videos. Jim Jordan tweets out that there are leaker investigations going on now. Trump wants to know why Pelosi is getting paid during a shutdown. Judge rules in favor of … Read more
Watch the latest video at foxnews.com As a new caravan that began in Honduras and quickly swelled to an estimated 2,000 people made its way toward Mexico on Tuesday, Mexicans who live along the border towns that will likely be most affected took to the Internet to lash out against another wave of migrants. “Work? … Read more
by TFittonJW Big news today! https://www.judicialwatch.org/press-room/press-releases/federal-court-orders-discovery-on-clinton-email-benghazi-scandal-top-obama-clinton-officials-susan-rice-and-ben-rhodes-to-respond-to-judicial-watch-questions-under-oath/ (Washington, DC) — Judicial Watch announced today that United States District Judge Royce C. Lamberth ruled that discovery can begin in Hillary Clinton’s email scandal. Obama administration senior State Department officials, lawyers, and Clinton aides will now be deposed under oath. Senior officials — including Susan Rice, Ben Rhodes, Jacob Sullivan, and FBI … Read more
https://youtu.be/XgJjcTvyTp0 Rick Sanchez reports on the combination of big media, political establishments, and military and corporate interests whose power exceeds that of the President. He discusses this “deep state” with former congressman Dr. Ron Paul. Then RT America correspondent Michele Greenstein joins to explain how these interests undermine democratic governments for the sake of profit.