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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Top 20% households made out like bandits, bottom 40% got crushed. The median earnings of men working full time year-round in 2018 ticked up to $55,291. Adjusted for inflation, this was below the amount they earned in 1973, according to the annual data trove released by the Census Bureau today. In other words, there … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter August wholesale auction price index hits record after longest series of year-over-year price gains since 2001. Used-vehicle prices at wholesale auctions around the US ticked up 1.1% in August compared to August last year, eking out a new record, according to the Used Vehicle Value Index by Manheim, the largest auto-auction house, … Read more
by Michael Snyder What you are about to read in this article is likely to make you very angry. Once upon a time, the primary mission of our hospitals was to help people, but today they have become vicious financial predators. Many Americans try very hard to avoid visiting the hospital because of what it … Read more
by howmuch The pharmaceutical industry is incredibly valuable and is continuing to grow. But just how much of the world’s imports and exports involve pharmaceuticals? To understand the impact of the pharmaceutical industry on the world’s economy, we created two visualizations to demonstrate pharmaceutical imports and exports by country in 2018. The United States is, … Read more
BY JOHN RUBINO People have been talking about a “debt bubble” for some years now. They’ve been right, of course, based on the combination of surging borrowing and plunging rates. But the bubble hasn’t stopped inflating, and recently it entered what sure looks like a terminal blow-off stage. Some highlights: Though July, China’s total debt … Read more
The [DS] is struggling to maintain the narrative, Trump is bad, it is not working. Comey sends out a message about the [DS] plan. The [DS] tries to get ahead of the FISA story, this has failed. Brian Cates puts it all together and believes that Hororwitz has the source. Bolton was fired by Trump, … Read more
Authored by Daisy Luther via The Organic Prepper blog, In conspiratorial circles, it’s long been rumored that Walmarts across the country would become FEMA camps after an epic disaster. Some folks even suggested that once you were in the camp, you would not be able to leave. Sort of like those old roach motel commercials. If you’re … Read more
by John W. Whitehead “That was when they suspended the Constitution. They said it would be temporary. There wasn’t even any rioting in the streets. People stayed home at night, watching television, looking for some direction. There wasn’t even an enemy you could put your finger on.”—Margaret Atwood, The Handmaid’s Tale It’s been 230 years since James … Read more
By Julianne Geiger Russia is considering the notion that oil prices may be as low as $25 per barrel in 2020, the country’s central bank said in its new forecast published on Monday, as cited by Reuters. Russia’s Central Bank has forecast in its macroeconomic forecast that oil could possibly hit that low due to falling … Read more
(CNN)A store cashier in Tokyo been arrested on allegations of stealing the credit card information of 1,300 customers using just one tool — his memory. The part-time worker was arrested Thursday for stealing credit card details to buy $2,600 (270,000 Japanese yen) worth of bags from online shopping sites last March, according to the Tokyo … Read more
by WARREN MOSLER Rolling over: Rolling over: Rolling over:
by Michael Snyder We haven’t seen survey results like this since just before the last recession. Right now, 60 percent of Americans believe that a recession is “very or somewhat likely in the next year”, and the reason why that figure is so high is because there is already a tremendous amount of evidence that … Read more
by Real Vision Finance with Jim Rickards Jim Rickards explains why there’s a financial crisis coming, and in so doing, reviews the unusual origins of his predictive analytics tool. He also explores complexity theory and Bayesian statistics. Jim Rickards is a renowned author and the chief global strategist at Meraglim. Filmed on July 12, 2018 in New York. … Read more
By Tsvetana Paraskova Saudi oil giant Aramco is ready to list on international markets alongside its primary listing on the Saudi stock exchange, Aramco’s chief executive officer Amin Nasser said on Tuesday, as the Kingdom has noticeably sped up the timeline for what would be the world’s biggest-ever IPO. “It is going to be the primary listing, … Read more
by MTO Just a public service announcement to keep your cellphone on airplane mode when going to sleep at night in order to decrease the radiation that the cell phone gets in general. If you want to go even deeper down the rabbit hole of protection, they have lead lined cellphone cases that you keep your … Read more
Poverty rates by year: Year 2000…. Year 2012 ….. year 2918 11.3% …….. 15.9% ……. 11.8% First Time in 18 years wages are finally rising and would be rising much faster if not for democrats flooding us with Immigrants. Medium Family Income hits all time US High. Lowest unemployment rate for blacks in 30 years! … Read more
Incredible progress being made at the Southern Border! pic.twitter.com/xcqxKEkfGD — Donald J. Trump (@realDonaldTrump) September 10, 2019 226 miles of wall built, pentagon just approved another 220 miles of wall. 2.8 billion worth. Says they will have 400 completed by end of next year. h/t jake
by Frank Holmes, CEO, U.S. Global Investors A couple of years ago, I shared with you an observation made by Ben Bernanke. This was at a SkyBridge Alternatives (SALT) hedge fund conference in Las Vegas. The former Federal Reserve chairman said that, in many unexpected ways, President Donald Trump’s presidency so far resembles that of Jimmy Carter’s. … Read more
via Zerohedge: One year after announcing his intention to step down as chairman of the Chinese e-commerce giant Alibaba, founder Jack Ma finally stepped down on Tuesday, clearing the way for his anointed successor, CEO Daniel Zhang, to take his place. The FT heralded Ma’s retirement – which took place on Alibaba’s 20th birthday – as the … Read more
by Jesse “Always fight for progress and reform, never tolerate injustice or corruption, always fight demagogues of all parties, never belong to any party, always oppose privileged classes and public plunderers, never lack sympathy with the poor, always remain devoted to the public welfare, never be satisfied with merely printing news, always be drastically independent, … Read more