Watch What They Do, Not What They Say

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by Jesse One might wonder why are these countries steadily acquiring such enormous stores of gold bullion. And they might even notice that since around 2008 the central banks of the world have become net buyers of gold, after many years of managed selling. Gold is flowing from West to East, and into strong hands and … Read more

Burack: Bitcoin Back Above $9k! Much Higher Soon? Bitcoin Bull Market Back Thanks to China?

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Wall St. For Main St., Released on 6/16/19 Jason talks about Bitcoin rising over $9k today and how since January 2019, when Bitcoin was down all the way to $3,715. Props to Dr. Marc Faber for buying speculative Bitcoin positions in January 2019. Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and … Read more

Record number of African migrants coming to Mexican border… ‘Rolls of $100 bills’

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Record number of African migrants coming to Mexican border PORTLAND, Maine (AP) — Undaunted by a dangerous journey over thousands of miles, people fleeing economic hardship and human rights abuses in African countries are coming to the U.S.-Mexico border in unprecedented numbers, surprising Border Patrol agents more accustomed to Spanish-speaking migrants. Officials in Texas and … Read more

FOXNEWS POLL SHOCK: BERNIE LEADS TRUMP BY 9! CBS: BIDEN DOMINATES BATTLEGROUNDS

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New poll shows Trump trailing Biden and four other Democrats Washington (AFP) – A nationwide Fox News poll released Sunday shows President Donald Trump trailing former vice president Joe Biden and no fewer than four other Democratic contenders as early campaigning for the 2020 election begins to gain steam. A separate survey of battleground states, … Read more

“It’s A Disaster Like I’ve Never Seen Before”: 2019 Could Be The Worst Year EVER For U.S. Corn Farmers

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by Michael Snyder The amount of corn produced in the United States this year is going to be way below expectations.  The Department of Agriculture just slashed its harvest estimates quite dramatically in its June report, but some farmers in the Midwest believe that those reduced projections are still way too optimistic.  As I have previously … Read more

How Much of Your “Wealth” Is Hostage to Bubbles and Impossible Promises?

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by Charles Hugh-Smith All asset “wealth” in credit-asset bubble dependent economies is contingent and ephemeral. A funny thing happens to “wealth” in a bubble economy: it only remains “wealth” if the owner sells at the top of the bubble and invests the proceeds in an asset which isn’t losing purchasing power. Transferring “wealth” to another asset … Read more

Normal Americans, the Existential Threat for Retailers.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Ecommerce and the globalization of retail have already crushed old distribution channels, middlemen, local retailers, and large retailers. Even the biggest of the biggies, such as Walmart, are now scrambling to get on top of it, or they too will be counted among those, like Sears, that didn’t — and were … Read more

As Brexit Causes Economic Turmoil, It’s the Self-Inflicted Wounds That Do the Most Damage

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On May 24th, Theresa May announced that she was stepping down from her position as a leader of the Conservative Party and as Britain’s Prime Minister. It was another significant episode for a country already roiled by controversy and turmoil.   However, Brexit and the ancillary political ramifications are just one of the country’s very … Read more

FITTON: GOLIATH Update: Obama-Clinton-Russia: The REAL Collusion Scandal; Emails Show Obama State Dept. Launders Steele Dossier to Target Trump; and Leftists Threaten Electoral College and U.S. Constitution.

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by TFittonJW I’d like to think our battles aren’t David vs Goliath but Goliath vs Goliath… President Trump took notice yesterday: Obama-Clinton-Russia: The REAL Collusion Scandal; Docs Show Obama State Dept. Launders Steele Dossier to Target @realDonaldTrump; and Leftists Threaten Electoral College and U.S. Constitution. Huge @JudicialWatch Update! https://t.co/JTMAjukmKm pic.twitter.com/LQSz3TTJXr — Tom Fitton (@TomFitton) June … Read more

Inspired by Deutsche Bank Death Spiral, European Banks Sink to Dec 24, 2018 Level – First Seen in 1995

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The benefit of NIRP: There’s hell to pay – even the ECB admits it. European bank shares – which have been getting crushed and re-crushed for 12 years – are getting re-crushed again. On Friday, the Stoxx 600 Banks index, which covers major European banks, including our hero Deutsche Bank, dropped … Read more

Arctic Sea Ice 8000 Years Ago less Than Half Of Today’s, Yet Polar Bears Thrived!

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by Natura Naturans Atmospheric CO2 concentrations back then of course were much lower than the historically very modest 410 ppm we have today. Early Holocene temperatures were 2-4 degrees warmer than today. https://notrickszone.com/2019/06/14/arct…s-thrived/ The period of the early Holocene, our present interglacial, according to all studies was between 2-4 degrees warmer than today. And CO2 had … Read more

U.S. already in recession, Fed will cut rates back to zero: Rosenberg

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via Bloomberg: The world’s biggest economy is already in a recession, according to prominent Canadian economist David Rosenberg, who says the U.S. Federal Reserve will begin cutting interest rates all the way back to zero starting this summer. Rosenberg, chief economist and strategist at Gluskin Sheff + Associates, told BNN Bloomberg in an interview airing … Read more