How Americans Spend Their Money, in One Chart

by howmuch Americans are notorious spenders. Compared to many other nations around the world, households in the U.S. have a particularly low savings rate, and 28 percent of American adults have no emergency fund. However, consumer spending accounts for 68 percent of the country’s GDP, making it essential for economic strength. Our newest visualization takes a closer look at … Read more

Twitter “Unintentionally” Used Your Phone Number for Targeted Advertising

You give a tech company your personal information to activate a security feature and later find out they were using it “unintentionally” for targeted advertising. By Gennie Gebhart and Jacob Hoffman-Andrews, Electronic Frontier Foundation: Stop us if you’ve heard this before: you give a tech company your personal information in order to use two-factor authentication, and later find out that they were using … Read more

Carmageddon for General Motors in China: Q3 Sales Collapse 30% from 2 Years Ago

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Just how important is China to GM, its Largest Market & Once Biggest Hope for Growth? General Motors is getting crushed in China, its largest market, and by far the largest auto market in the world. The auto industry overall has been getting hammered by the first downturn in modern China, … Read more

How the Crybabies on Wall Street Try to Force the Fed into QE-4

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The repo blow-out — whoever instigated it — comes in real handy. Fed Chair Jerome Powell’s explanation on Tuesday and the FOMC minutes released yesterday were a bitter disappointment for the Crybabies on Wall Street – the broker-dealers and banks: They’d expected a massive bout of QE, and perhaps some of … Read more

LIBOR Dismantling Triggering Banking Liquidity Crisis

Here is the information mentioned in this RTD Quick Take here: 1. After bankers rigged the LIBOR, the end of ‘the world’s most important number’ is nigh https://www.stuff.co.nz/business/opin… 2. The end of Libor: the biggest banking challenge you’ve never heard of https://www.reuters.com/article/us-br… 3. Factbox: The global benchmarks replacing Libor https://www.reuters.com/article/us-br… 4. LIBOR Countdown: Navigating the … Read more

National Geographic Admits Billions Of People Will “Face Shortages Of Food And Clean Water” Over The Next 30 Years

by Michael Snyder A lot of people out there don’t like when I write these kinds of articles, because they directly contradict the false narrative that humanity has an extremely bright future ahead.  Sadly, the truth is that our planet and everything that lives on it is rapidly deteriorating.  And I am not talking about … Read more

SUCH A SHOCKER! Joe Biden worked with whistleblower when he was vice president, officials reveal

via washingtonexaminer: https://twitter.com/whpresscorps/status/1182445597502009344 You may recall — and if not, I’m sure as hell gonna remind you — that just yesterday I wrote, in Who Does the Whistleblower Know?: I think the most plausible inference is that the whistleblowers are connected to Biden’s campaign, or to the DNC, and were shaken by the possibility of Biden and … Read more

Adam Schiff Is DOOMED After Another CNN Guest ADMITS He’s In HUGE Trouble

https://www.youtube.com/watch?v=cgj8tw9o8SA Virginia Kruta from The Daily Caller reports, CNN guest Linda Chavez criticized House Intelligence Committee Chairman Adam Schiff during a CNN panel Sunday, saying that he had “caused himself a lot of problems” with regard to impeachment hearings. Read More/Source/Credit/FairUse: https://dailycaller.com/2019/10/06/sc…

Professional Investors Are Selling Stocks as International Risks Pile Up… Repeat of December Meltdown Is Inevitable: Raoul Pal

Professional investors are selling stocks as international risks pile up The repression of human rights in China, limits on American money flowing to Chinese stocks and a mini-crisis in Turkey are beginning to weigh on the stock market. Let’s explore this issue with the help of two charts. Two charts For the first chart, please … Read more

Trump Says Economy Is the ‘Greatest,’ Powell Says It’s in a ‘Good Place,’… But Both Are Wrong… Caroline Baum

via MarketWatch: President Donald Trump says he’s presiding over “the greatest economy in the history of the U.S.” Federal Reserve Chair Jerome Powell says the economy is “in a good place.” Who’s right? Neither, actually, although Trump’s assessment — sometimes supported by a specific statistic, more often than not unaccompanied by a data point — is … Read more

All Americans will need a universal federal ID to travel by air or access govt facilities. The deadline is Oct. 1, 2020

by IAMENKIDU https://www.dhs.gov/real-id-public-faqs Another step in the slow march to our enslavement, and of course there no outcry. Evidently, we need Big Brother to keep us safe from the monsters in the shadows, because all of our time and energy is consumed with feeding our Bankster overlords, and pursuing entertainment ad infinitum which doubles as their propaganda engines. … Read more