Sen. Elizabeth Warren proposed an extreme gun control plan that would hike taxes on guns to 30% and 50% on ammunition & ban commonly-owned rifles

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They will also use the big banks to go after retailers and manufactures. Democratic presidential hopeful Sen. Elizabeth Warren (D-Mass.) proposed a plan for “gun violence prevention” that would hike taxes on guns to 30% and 50% on ammunition, ban the production, sale, and importation of “assault weapons,” and launch an investigation into the National … Read more

RECESSION WARNING: YIELD INVERTS AGAIN

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The spread between the yield on the 10-year Treasury note and that of the 2-year note on Wednesday turned negative for the second time in one week, a recession warning that flashed for the first time since 2005 on Aug. 14. The inverted bond-market spread is seen by many veteran traders as an important recession … Read more

AMERICAN GULAG DEATH OF EPSTEIN: ASSANGE NEXT?

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The death of millionaire sex offender Jeffrey Epstein behind bars should trigger “system-wide self-reflection” on how prisoners are treated. The Metropolitan Correctional Center “is sort of like an American gulag for people who have not been convicted of anything,” Epstein lawyer Marc Fernich said. Epstein had at least some dirt on some high-powered people like … Read more

Mexico legalizes cocaine. For 2 people

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In a landmark ruling a judge in Mexico has legalized cocaine — but only for two users. The order by the judge to the country’s health authority has raised the possibility that Mexico could, at some point, legalize cocaine use, but only on a case-by-case basis. The ruling still needs to pass a higher court, … Read more

The Banksters re-enter risky mortgage loan market, HOUSING CARSH 2.0 IS COMING!

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Citigroup, Credit Suisse Re-Enter Risky Home Loans Market Citigroup C and Credit Suisse CS have re-entered the risky mortgage loans market or non-qualified mortgage, wherein they provide new home loans to borrowers with poor credit scores. The move followed two other Wall Street biggies, JPMorgan Chase JPM and Wells Fargo WFC, both of which made a … Read more

It looks like Beijing is trying to make examples of a few, trying to scare the rest of Hong Kong back into line.

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HMM: U.K. Government ‘Extremely Concerned’ by Reports of China Detaining Hong Kong Consulate Employee. PLUS: Crew Describe Climate of Fear at Cathay After Hong Kong Sackings. Cathay, founded by an American and an Australian during British rule in 1946, was caught in the middle of the crisis 11 days ago, when China demanded it suspend staff involved … Read more

NOT AGAIN! Mortgage Market Reopens to Risky Borrowers

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via WSJ: The risky mortgage is making a comeback. More than a decade after home loans triggered the worst financial crisis in a generation, the strict lending requirements put in place during its aftermath are starting to erode. Home buyers with low credit scores or high debt levels as well as those lacking traditional employment … Read more

The Plot Thickens! 2 More HSBC Bank Rumors The Mainstream Media Won’t Report!

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by Jason Burack from Wall St For Main St 2 more HSBC Bank rumors have become public (that the American mainstream media won’t report on) courtesy of China’s state run Global Times. HSBC at a crossroads as Huawei issue remains, Hong Kong unrest continues http://www.globaltimes.cn/content/116… Has Ping An Insurance https://en.wikipedia.org/wiki/Ping_An… been ordered by the Chinese government to attempt a full hostile … Read more