By Nick Corbishley, for WOLF STREET: Australian engineering group UGL, which is working on large infrastructure projects such as Brisbane’s Cross River Rail and Melbourne’s Metro Trains, recently sent a letter to suppliers and sub-contractors informing them that as of October 15, they will be paid 65 days after the end of the month in which their invoices are … Read more
by visualcapitalist Our world has never been more connected than it is today. Nearly two-thirds of the world’s population is plugged into the matrix, with over 4.4 billion internet users across multiple device types. We use these devices for work and for play—and social media has altered the way we interact both online and offline. … Read more
BY JOHN RUBINO Ben Hunt: Prepare to get burned … Harry Dent: The world is melting … Charles Hugh Smith: We are unwilling pawns in the Fed’s game of chess … Jeff Berwick: Systemic collapse is inevitable … Peter Schiff: QE by any other name still stinks … Rick Rule: Pretty clear we’re in a … Read more
via wallstreetonparade: Following a lack of liquidity on Wall Street, which necessitated the Federal Reserve having to provide $53 billion on Tuesday and another $75 billion on Wednesday to normalize overnight lending in the repo market, the Chairman of the Fed, Jerome (Jay) Powell held his press conference at 2:30 p.m. yesterday. The press gathering followed … Read more
Central Planning is always destined to fail, and central planners (at everyone else’s expense) always do whatever they can to delay the inevitable. Negative interest rates (that is, getting paid to borrow money) would never occur in a free market monetary system. Such a ludicrous idea will only further exacerbate the end of central banking. … Read more
by Chris Martenson via ChirsMartensonDotCom Society is pretending its actions don’t have consequences. It’s badly mistaken. History teaches us that there is no free lunch, reminds Dr. Ben Hunt, publisher of EpsilonTheory.com. And science informs us that even the most simple systems become nearly impossible to predict or control with 100% precision as time and variables change. But … Read more
by DCG Thankfully this guy has no shot of becoming president. From Daily Mail: Democratic presidential candidate Beto O’Rourke unveiled a sweeping marijuana legalization plan Thursday that would provide financial grants to people incarcerated for non-violent crimes and impose taxes on the pot industry. O’Rourke, who gained notoriety while serving on the El Paso City Council when … Read more
by Charles Hugh-Smith Technology, like natural selection, has no goal. When it comes to the impact of automation (robots, AI, etc.) on jobs, there are two schools of thought: one holds that technology has always created more and better jobs than it destroys, and this will continue to be the case. The other holds that the … Read more
WTO allows U.S. to hit EU with tariffs over Airbus subsidies. The United States has won the right to hit the EU with billions of euros in punitive tariffs by winning a dispute over subsidies to aerospace giant Airbus, four EU officials told POLITICO. WTO allows U.S. to hit EU with tariffs over Airbus subsidies … Read more
King World News, Released on 9/21/19 Continue… Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist.
Money Metals Exchange, Released on 9/20/19 Mr. Forbes unloads on the Fed and its horrific track record — with accuracy that’s worse than a bunch of monkeys throwing darts at a dartboard, he says. Forbes discusses Donald Trump’s chances at reelection and lays out the case why you simply must have at least some gold … Read more
The Dollar Vigilante, Released on 9/21/19 Topics include: the bond market explosion, coming inflation, monetary expansion, narco trafficking supports the banks, the Saudi oil field attacks were faked, Afghan heroin trade, US government loss of credibility, coming isolation, modern monetary theory is not modern, the fed forced to buy back it’s own issuance, the growing … Read more
Two illegal immigrants were arrested after attempting to climb a newly installed section of a California border wall without success. U.S. Customs and Border Protection said the two men were caught attempting to cross from Mexico illegally into San Diego. Surveillance footage from the border showed men attempting to scale the border wall and failing. … Read more
via foxbaltimore: A Project Baltimore investigation is causing controversy among City School leadership. The CEO of Baltimore City Schools, Dr. Sonja Santelises, released a strongly worded letter attempting to discredit Fox45’s report on Joseph C. Briscoe Academy in northwest Baltimore. Fox45’s investigation found students who were absent or late to school more than 100 days, including … Read more
The attack of a woman in the doorway of the Watermark condominium building allegedly by a homeless man who said he was trying to save her from robots has sparked outrage, largely because the crime was captured on video. But it wasn’t an isolated incident — not by any stretch. “We’re hearing it more and … Read more
by Mike Shedlock Women are slowly catching up to men in median wages but growth has been pathetic across the board. BLS data on real wages shows women are slowly catching up to men. That’s the good news. The bad news is real wages for women have only risen at slightly over 1/2 of 1 … Read more
(Bloomberg) — The relentless drive into defensive stocks is a logical way to cope for investors beset all year by signs a recession is at hand. It’s also a tough way to set a fresh stock record. Buoyed by a supportive Federal Reserve and strong economic data, the S&P 500 climbed within points of an … Read more
BLOOMBERG DISCOVERS HUGE BREAKING NEWS FROM 2006: Corporate America Has Found a Way to Turn a Profit Off Being Green. It’s time to stop crediting corporate sustainability efforts as acts of altruism. For big business, protecting the environment often means padding the bottom line. Nike Inc. has come up with a way to weave more efficiently, reducing … Read more
