Billionaire investor Peter Thiel reportedly says the FBI and CIA should investigate Google who he believes have been infiltrated by Chinese intelligence at the highest levels

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https://www.youtube.com/watch?v=5IcXHaOZcUw Peter Thiel says FBI, CIA should probe Google Peter Thiel, billionaire investor and Facebook board member, on Sunday night said that Google should be federally investigated for allegedly aiding the Chinese military. Why it matters: Thiel is the tech industry’s highest-profile Trump supporter, and one of the most powerful players in Silicon Valley. Thiel spoke … Read more

Epstein and the Explosive Crisis of the Deep State

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by Charles Hugh-Smith Since the battle is for the legitimacy of the state, it must be waged at least partially in the open. Speculations by outsiders must give Deep State insiders many opportunities to chuckle, “if only they knew.” We don’t know, of course, and public leaks are engineered to misdirect our attention from what’s actually … Read more

Food Shortage Warnings Are Already Starting To Appear, And Now Tropical Storm Barry Is Going To Rip Through America’s Heartland

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by Michael Snyder The middle of the country has been relentlessly hammered by endless rain and unprecedented flooding for months, and now it is about to be absolutely pummeled by Tropical Storm Barry.  Needless to say, this is going to cause even more headaches for Midwestern farmers.  At this point, millions of acres of prime … Read more

The Number Of Global Earthquakes Is 3 Times Above Normal – 6.1, 6.6, 7.3 + Dozens More Hit The Ring Of Fire Over The Last 48 Hours

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by Michael Snyder Within the last 48 hours we have seen large earthquakes going off like firecrackers all along the Ring of Fire.  As you will see below, a magnitude 6.1 quake just hit Japan, a magnitude 6.6 quake just hit Australia and a magnitude 7.3 earthquake just hit Indonesia.  And of course all of … Read more

THE WOLF STREET REPORT: The Victims of Inflation

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Beatings Will Continue Till the Mood Improves, or Something. The media and the Fed make it sound like inflation is inherently good. That’s how the media pitch it to regular folks — that the Fed is heroically trying to make sure everyone gets enough of it. (10 minutes)    

The US Housing Bust In 20 Charts

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via Zerohedge: In “Where The American Dream Goes To Die“, we published some of the most recent, concerning observations on the current state of the US housing market. Now, courtesy of Deutsche Bank, for our lazier readers, here is a visual recap of the recent turning point in US housing, in which DB’s Torsten Slok … Read more

Rachel Chandler Still Working W/ Epstein’s Modeling Agency MC2 Accused In Court of Procuring Children For Elites

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Rachel Chandler: Epstein victim, turned skeezy famous photographer, photographed with Bill Clinton High fashion W Magazine article “16 Models to Watch According to Rachel Chandler” Picture #4/16 and 13/16 Says the models are from MC2 MC2 modeling agency is all wrapped up in Epstein’s scandals…and now its connected to none other than Rachel Chandler. Article … Read more

Housing prices have far outstripped wage growth and rental prices. Something has to give. So it will.

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via mishtalk: Every month I am amused by the comments from NAR chief economist Lawrence Yun regarding housing fundamentals, especially job growth. Forget about strong jobs. Toss Yun’s views in the ashcan. Compared to wage growth, homes are nearly as unaffordable now as they were at the peak of the housing bubble. That’s without factoring in … Read more

The bull market that began on March 9, 2009 is now 3,777 days old. Need 717 more days to top the longest bull ever (1987 – 2000). $SPX

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The bull market that began on March 9, 2009 is now 3,777 days old. Need 717 more days to top the longest bull ever (1987 – 2000). $SPX (note: bull defined as >20% advance that continues until >20% decline occurs, closing prices only, not total return.) pic.twitter.com/cFv2omWaFd — Charlie Bilello (@charliebilello) July 13, 2019

Dewan Housing Fails To Pay Inr480M Interest On 2 Bonds

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Dewan Housing Finance Corporation (DHFL) has posted a big loss of Rs 2,224 crore for the quarter ended March 2019, which was dented by additional provisioning. It was the first quarterly loss reported by the company since its inception, as per financials record available on Moneycontrol since June quarter 1998. The stock had lost nearly … Read more

For those who “can’t see the recession”…

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For those who "can't see the recession", it's illustrated for you in this chart. The NY Fed model now pegs recession risk at 32.9%, a 12-year high. History shows there's no turning back at this level. pic.twitter.com/hUteBhNOzr — David Rosenberg (@EconguyRosie) July 8, 2019 Class 8 Truck orders have collapse to 2008 financial crisis levels … Read more

California: Here Be Monsters.

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● Sacramento County Says It’s Illegal to Work on Your Own Car in Your Own Garage. —Jalopnik, July 3rd. ● “In a bizarre stunt Friday, an elf-costumed real estate developer threw money at residents of a homeless camp in California in an effort to entice them to leave.” —Fox News, yesterday. ● How California’s Housing Crisis Could Hit … Read more