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From Axios: The world’s debt rose by $3 trillion in the first quarter of 2019 — an almost unprecedented borrowing binge that brought total global debt to $246.5 trillion. Why it matters: High levels of debt put countries in a vulnerable position in the event of a downturn and could endanger the world’s economic recovery, said economists … Read more
https://www.congress.gov/bill/116th-congress/house-bill/1/text Democrats are attempting to push through new legislation that sounds good on the surface but has some really crazy changes in the text. Allowing 16 year olds to register, requiring telephone and online voter registration. They are also changing the rule regarding free speech surrounding elections in an attempt to snag Trump this time … Read more
Los Angeles County will pay $53 million to settle a lawsuit that alleged tens of thousands of women were given invasive group strip searches at a jail, according to court filings Tuesday. The class-action lawsuit was filed in 2010 on behalf of former inmates who said they were placed in groups of up to 50 … Read more
Dr. Robert Epstein told Sen. Ted Cruz (R-TX) on Tuesday that Google can manipulate votes by using tools that they have at their disposal exclusively, and that no one can counteract them. Epstein warned the senator of big tech election meddling during his testimony before the Senate Judiciary Committee Hearing on “Google and Censorship through … Read more
PRINCE GEORGE’S COUNTY, MD. (WJZ) — Police have arrested a suspect linked to at least 18 thefts from cars in 24 hours. 34-year-old Terry Johnson, of no fixed address, is charged with multiple thefts, property damage and other related charges. https://baltimore.cbslocal.com/2019/07/15/18-car-thefts-in-24-hours-pgpd/
Foreign purchases of American homes plunge 36% as Chinese buyers flee the market The dollar volume of homes purchased by foreigners from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 … Read more
from Zero Hedge via GunsandButter.org Economist Michael Hudson continues his discussion of Super Imperialism: The Economic Strategy of American Empire with a focus on US monetary imperialism; President Trump’s demand for lower interest rates undercuts America’s requirement for foreign investment to fund its domestic and balance of payments deficit, increases the carry trade and turns IMF and World … Read more
via visualcapitalist: The emergence of Bitcoin took the world by storm through its simplicity and innovation. Yet, plenty of confusion remains around the term itself. The Bitcoin blockchain—not to be confused with the bitcoin cryptocurrency—involves a vast global network of computers operating on the same distributed database to process massive volumes of data every second. These … Read more
COLD WAR II: After Chinese Trawler Sinks Philippine Boat, Duterte Calls On US To Send Seventh Fleet. Philippine President Rodrigo Duterte has called upon the United States to back up a Mutual Defense Treaty (MDS) signed in 1951 between the two countries and send the vaunted Seventh Fleet to take on China. The sinking of a Philippine … Read more
via CNBC: “Here’s what I think is true: Google refused to work for the Pentagon on artificial intelligence” and it works on AI in China, says Richard Clarke. There’s no difference between Chinese companies and the Chinese government, says Clarke, who advised both GOP and Democratic presidents. Clarke is responding to Peter Thiel urging … Read more
via BBC: The World Health Organization has declared the Ebola crisis in the Democratic Republic of Congo a “public health emergency of international concern”. The move may encourage wealthy donor countries to provide more cash. But the WHO stopped short of saying borders should be closed, saying the risk of the disease spreading outside the … Read more
via CNBC: The Mexican drug lord known as “El Chapo” was sentenced to life in prison plus thirty years and ordered to forfeit $12.6 billion. The kingpin, whose real name is Joaquin Guzman Loera, accused the U.S. government of corruption and of torturing him during his confinement. El Chapo was convicted of overseeing a vast … Read more
New #BenGarrison #cartoon for #WednesdayWisdom New Face of the #Democrat Party- #Trump Tweets split the Democrats! Great post at https://t.co/ZvtKEcfW7O pic.twitter.com/9SBSMMLF4x — GrrrGraphics 🇺🇸- Ben & Tina Garrison Cartoons (@GrrrGraphics) July 17, 2019 In 3-D Chess Move, Trump Makes Democrats Embrace Most Extreme Members Of Party When I saw President Trump’s odd tweets over the … Read more
by jessefelder Over the past year or so I’ve been writing that Facebook, Amazon, Netflix and Alphabet/Google, the FANG stocks as they are well known; were likely to be overtaken by Barrick, Agnico Eagle and Newmont Goldcorp, a group I have dubbed the “BANG” stocks (see: BANG: Why The Gold Miners Could Soon Make FANG Look … Read more
Republican support for Trump rises after racially charged tweets: Reuters/Ipsos poll NEW YORK (Reuters) – Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority Democratic congresswomen, a Reuters/Ipsos public opinion poll shows. The national survey, conducted on … Read more
Warren introduces bill targeted at food insecurity on college campuses Sen. Elizabeth Warren (D-Mass.) and Rep. Al Lawson (D-Fla.) introduced legislation Wednesday to tackle food insecurity on college campuses. The College Student Hunger Act would enable more low-income college students to access the Supplemental Nutrition Assistance Program (SNAP) and increase awareness of the program. “As more and more students struggle to afford college and … Read more
The US economy continues to expand at an elevated space, as the latest NFP report suggested. With job growth continuing to exceed expectations, financial markets had viewed the news as negative for equities, since an interest rate cut had been priced in for the past few months. Solid job numbers According to the information provided … Read more
Judicial Watch President Tom Fitton speaks at “Western Conservative Summit 2019” and talks about what Judicial Watch is doing on the Clinton emails and states that “there is more than enough evidence to reopen the Clinton Email Criminal Investigation.”
Podcast: Play in new window | Download Subscribe: Apple Podcasts | Android | Email | Stitcher | RSS Today’s guest, David Haggith, from The Great Recession Blog, sits down with Mike Manwell to share his thoughts on the global economy and why he believes the recession has already started. During the interview David list ten indicators that puts the Federal Reserve in a very tight spot as we approach the reality … Read more
by Martin Armstrong We are facing a serious collapse in government that appears to be shaping up on the horizon beginning 2021/2022. Take the city of Chicago for example. The city is buried under a mountain of city employee pension debt and it’s impossible to see how their city could possibly survive. There will be … Read more