via Josh Wolfe: 1/ On SOFTBANK Of the $95B of Vision Fund 1 -$25B came from Softbank itself -$60B came from Saudis + Abu Dhabi -$10B others Of the 80 investments made -5 had IPOs -4 are below IPO price -Only 1 (Guardant Health) is up 2/ 66% of Softbank’s “profits” came from paper gains … Read more
It looks as if the US Money market could no longer function without QE drugs. NY Fed plans to do another $75bn overnight repo op on Fri. It follows liquidity doses of the same size Thur and Wed, and $53.2bn on Tue. (Chart from @Quillintel’s @DiMartinoBooth) pic.twitter.com/K9kUlxKUeF — Holger Zschaepitz (@Schuldensuehner) September 20, 2019 pic.twitter.com/8Ad9uvA6Nj — … Read more
by Michael Snyder In the entire history of our country, a hurricane has never made landfall in the state of California. So if such a thing actually happened, it would be considered to be an extremely unusual event. Well, right now there are three very dangerous tropical storms swirling in the eastern Pacific Ocean. Tropical … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter House prices in Toronto still below 2017 peak. Montreal, Ottawa hit new highs. Quebec City about flat with Jun 2013. Edmonton back to Oct 2007. Calgary rises to March 2014 level. House prices in Canada, as tracked by the Teranet-National Bank National House Price Index, have more than tripled (+204%) since … Read more
by Egon von Greyerz In this interview, Brian & Darryl Panes from As Good As Gold Australia speak with Egon von Greyerz who confirms the world is running on empty. Governments and Central Banks are panicking, having used up all their arsenal – massive money printing and hyperinflation lies ahead. Gold at US$10,000 per ounce … Read more
Can gambling online be regarded as an investment? Well, for many people, this might look like a tough one to answer. But is it really that tough? Let’s consider it together. Anybody who has been a good student of personal finance is familiar with the words: assets, liabilities, investments, income and expenses. An assets … Read more
by John Ward We who are not worthy must not be told who the banking firm was (of course not) and as usual the MSM is not pushing things too hard to find out. But the signs of Big Trouble are there, the Fed is shorting gold, MMT isn’t working and the bankers have run out … Read more
by Ronan Manly via Zero Hedge This month in London marks the 100th anniversary of the first “London Gold Fixing”, the infamous daily meeting of a secretive cartel of bullion banks which has met since 1919 to set benchmark gold prices used throughout the international gold market, a meeting which continues to this day through its thinly disguised successor, the LBMA … Read more
The rates cuts are getting ready to take effect, we will most likely see housing, stock markets improve, the recession calls will calm down and when the Fed starts stimulus in Nov it will be a shock to the system. Gold will increase and the former CEO of Overstock believes that gold and crypto will … Read more
Favours the toxic swamp. Youtube is at it again. I realize they can never please everyone but at least be honest about what you’re doing to us creators AC
North Carolina Republican Rep. Mark Meadows says it is time to hold former FBI Director James Comey accountable. #FoxNews
https://youtu.be/rN2BWBn6YeE And it will cost more than the entire world’s debt. Get rid of cows. Stop eating meat. By eliminating meat it will cost 22.3 million American jobs. Eliminate airlines and combustion engines. 700,000 jobs. 1.3 million Americans -No more jobs that require air travel. Tourism and travel industry – 8.7 million people out of … Read more
Yesterday, pensioners from Wuchuan, Guangdong, PRC protested at the Wuchuan Government Office, as they failed to get their pension
by Fabius Maximus Summary: James Hasson’s new book, Stand Down, shows how the Left is implementing its theories on the US military. It is a pitiful tale entertainingly told. Perhaps it will motivate help Americans to stop the Left before they wreck the military. Either way, we will see the results during the next generation – … Read more
Jeffrey Epstein ‘ran a $500M Ponzi scheme fueled by insider trading and fake stock buys, then fleeced clients by selling off $275M worth of bogus notes when money ran out,’ claims suit *Jeffrey Epstein was hit with a class action lawsuit before his death that accused him of running a $500 million Ponzi scheme *He … Read more
by Michael Snyder All around us, our world is literally in a state of collapse, but most people don’t seem to care. I spend much of my time writing about the inevitable collapse of our economic and financial systems, but they are only one part of the story. These days, millions upon millions of us … Read more
from Financial Survival Network Danielle Park notes that repurchase agreements or Repos are a cornerstone of today’s leveraged economic system. They’ve been around since 1917. It’s a way for banks to eke out a few more basis points on their bond holdings. Just yesterday the interest rate shot up from 2.25% to 10% overnight. This situation is … Read more
from Financial Survival Network According to our good friend Jeff Berwick, reality is completely upside down and reversed. Like in Orwell’s novel 1984, ignorance is strength, slavery is freedom etc. People in America believe they’re completely free, when in reality the opposite is becoming more true by the day. Jeff’s prescription is anarcho-capitalism, free trade in the … Read more
A new report from an environmental advocacy watchdog group cautions that carcinogenic products in tap water may altogether increase cancer risk for thousands of U.S. residents over a lifetime. In a peer-reviewed study published in the journal Heliyon Thursday, the Environmental Working Group (EWG) found that 22 carcinogens commonly found in tap water — including arsenic, byproducts of water … Read more
PARTY LIKE IT’S 1979: How Democrats can raise taxes without technically raising taxes. Short version: Eliminate indexing tax rates to inflation. The argument in favor of indexing is that it eliminates “bracket creep.” That’s when more of a taxpayers’ income gets pushed into a higher bracket each year simply due to inflation, and not because of … Read more