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Watch the latest video at foxnews.com The 9th Circuit Court of Appeals on Wednesday upheld an injunction barring the Trump administration from repurposing approximately $2.5 billion in Pentagon money to the Department of Homeland Security to build a border wall with Mexico, prompting the White House to promise an immediate appeal. A divided three-judge panel on the appellate court … Read more
BY PATRICK WATSON Investors are in a buying mood despite many economic warning signs. Why? For some, it’s because they expect the Federal Reserve to cut interest rates and otherwise “stimulate” the economy. They believe (correctly) it would drive stock and real estate prices higher. At the risk of stating the obvious… higher asset prices … Read more
by John Ward As BoJo rails against punishing sin (as you’d expect) Tom Watson has landed the lead role as Nanny in the End of the Pier Show, the Met Police has a Facebook disaster on its hands, and the EU has appointed a quadrangle of three-time losers to its top jobs. The only person now … Read more
Authored by Michael Krieger via Liberty Blitzkrieg blog, As Americans head off to Independence Day celebrations, they’ll be greeted with a plethora of headlines about record highs in the U.S. stock market. What I find most interesting about the latest bout of exuberance is the fact that priced in gold, stocks remain far below last fall’s … Read more
by visualcapitalist The economist John Maynard Keynes famously called gold a “barbarous relic”, suggesting that its usefulness as money is an artifact of the past. In an era filled with cashless transactions and hundreds of cryptocurrencies, this statement seems truer today than in Keynes’ time. However, gold also possesses elemental properties that has made it an … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Carmageddon for cars. But big equipment is hot and gets pricier. Ford waited until today to report its second-quarter new-vehicle deliveries in the US. So now we know what happened to total US auto sales in the second quarter and in the first half this year, and it wasn’t pretty. New-vehicle … Read more
by Egon von Greyerz Don’t let your bank hold your gold. They might not find it. A gold investor told us recently that his Swiss bank had moved the client’s gold from the bank’s safe to a private vault in the name of the bank, in Zurich. The client was aware of this move. But … Read more
via nypost: For the haters, it’s open season on the American ideal. Colin Kaepernick doesn’t like today’s American flag because it reminds him of police brutality and he doesn’t like Betsy Ross’ O.G. flag because it reminds him of slavery. I’m starting to think maybe Colin Kaepernick is not so fond of the flag, or of … Read more
Vietnamese-Americans tell us why Trump needs to be elected in 2020. AC
GET WOKE, GO BROKE? Mad Magazine to Effectively Shutter After 67 Years: The beloved satire publication will no longer be sold on newsstands after the August issue, and future editions will no longer feature new content and instead shift to previously published material — with new covers. MAD Magazine, the irreverent and highly influential satirical magazine that gave … Read more
DOJ reverses, says it’s trying to find ways to include citizenship question on 2020 census A lawyer with the Department of Justice (DOJ) said Wednesday that agency officials have been ordered to determine whether there is a way the administration can include a citizenship question on the 2020 census, hours after a tweet from President Trump raised confusion over … Read more
BRITISH Royal Marines have stormed a super tanker off the coast of Gibraltar after suspecting it of carrying crude oil to Syria in a breach of European Union sanctions. In a statement, the Government said it had reasonable grounds to believe the Grace 1 vessel was carrying its shipment of crude oil to the Banyas … Read more
The economy is contracting. We have seen this all throughout 2018 and it still persists in 2019. Take a look at the imbalances that have formed. Manufacturing down globally, stocks rise. Jobs numbers come out and they were lower than expectations, stocks rise. Bond market screaming warning signals, stocks rise. Somehow this feels like … Read more
Jay Taylor Media, Released on 7/3/19 David McAlvany, President of the McAlvany Financial Companies, explains his view for a weaker dollar and how it affects the markets, gold and commodities.
SHOW NOTES: https://www.corbettreport.com/?p=31887 In case you haven’t heard, George Soros’ Open Society Foundation and the Charles Koch Foundation have teamed up to help launch a new Washington think tank. The Quincy Institute for Responsible Statecraft will be “an action-oriented think tank that will lay the foundation for a new foreign policy centered on diplomatic engagement … Read more
by DCG Imagine this: A liberal utopia that allows homeless criminals, drug addicts and the mentally ill to freely roam the streets with no consequences for their actions. You taxpayers have coughed up more than a BILLION dollars to help try and “solve” the homeless (now “housing”) crisis in King County. The results? As you’ve seen here, I’ve … Read more
by Troy The S&P has now pushed towards 3000 as various “warning signs” go off. Today’s headlines: NASDAQ’s quick recovery A new yield curve Smart Money Index Monthly RSI divergence New highs vs. new lows Round # resistance Go here to understand our fundamentals-driven long term outlook. For reference, here’s the random probability of the U.S. stock market … Read more
