Money Laundering Provided 1 in 20 Dollars for Real Estate in B.C., Canada

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“More than C$7 billion in dirty money was laundered in B.C. in 2018, hiking the cost of buying a home by about 5%, according to British Columbia’s Expert Panel on Money Laundering in Real Estate.” By Stephen Punwasi, Better Dwelling: Canadian real estate is a giant washing machine, confirms the British Columbia government. The province’s Attorney General office … Read more

The Fed Created an Uber Problem

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Why Escalate Trade War If Negotiations Are Going so Great? – The U.S. stock markets finished off the worst week of the year with a gain despite the fact that, as expected, the trade talks between the United States and China broke down today, and no deal. The new tariffs went into effect at 12:01am … Read more

You think global growth is picking up again?

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via @TaviCosta: Global export volume just fell to its lowest level since the last two recessions! Root cause? Asia. Their exports are plunging by 9%! More macro charts in this important video: https://www.youtube.com/watch?v=8Se7NcFR2Qo&t=1s … https://www.youtube.com/watch?v=8Se7NcFR2Qo&t=1s  

This will give you bad dreams: 85% of all leveraged loans are covenant-lite. It wasn’t even 30% prior to the financial crisis

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via @OccupyWisdom : Leveraged loans are very risky because the loan is “leveraged” against the private equity group’s capital & it’s ability to turn a struggling company around while paying off all the debt. These loans are sold in packages (called collateralized loan obligations) to other investors much the same way as mortgages are bundled for people … Read more

AMEX Blue Cash Preferred is removing 3% cash back at department store but adding 6% back on U.S. Streaming Subscriptions and 3% transit (including ride shares)

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On July 31, 2019, the 3% cash back at select U.S. Department Stores will be removed. Starting August 1, 2019, Card Members will earn 1% cash back at select U.S. Department Stores. Starting on May 9, 2019, Card Members who have the Blue Cash Preferred Card will receive two new benefits: 6% cash back on … Read more

Greg Hunter: The Treasonous Looking Russian Collusion “Hoax” Is Unraveling More Every Day

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Greg Hunter gives The Weekly News Wrap-Up for Friday, May 10th, 2019 President Trump gave an impromptu press conference today after some announcements on what his Administration plans to do to combat spiraling healthcare costs. He laid out the trade dispute with China, talked about North Korea missile testing and accused John Kerry of illegally meddling with … Read more

How Exactly Do MANY Months Of “Trade Deal, No Deal” Flip-Flopping Make America Great Again?

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via silverdoctors: American farmers are struggling more than ever. Small U.S. businesses can’t plan for the future. Consumers are facing much higher prices. Exactly how is all of this trade deal flip-flopping making America great again? I mean, one month we have a deal, one month we don’t have a deal, one week Trump is ready … Read more

Seven Banks Face EU Antitrust Fines For Forex Rigging, Sources Tell Reuters

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Barclays, Citigroup, HSBC, JPMorgan, and three other banks are set to… by Chris Powell of the Gold Anti-Trust Action Committee (GATA) By Foo Yun Chee Reuters Thursday, May 9, 2019 BRUSSELS, Belgium — Barclays, Citigroup, HSBC, JPMorgan, and three other banks are set to be fined by European Union antitrust regulators in coming weeks for rigging the multi-trillion dollar … Read more

FITTON:MONSTER Docs Find: Obama WH Tied To Clinton Email Cover-Up

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by TFittonJW Big results from Judicial Watch discovery in Clinton email “matter”: ‘WH called – have we received a FOIA request’ – State Department  (Washington, DC) – Judicial Watch announced today that it obtained 44 pages of records from the State Department through court-ordered discovery revealing that the Obama White House was tracking a December 2012 Freedom of Information Act … Read more

Congress – Barr & Abuse of Power

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by Martin Armstrong The House Judiciary Committee voted Wednesday to hold Attorney General William Barr in contempt for refusing to turn over an unredacted version of the Russia report after an acrimonious session underscoring the country’s widening political divide. Naturally, the vote was 24-16 along party lines. House Democrats are using the legal process to … Read more

Moving from QE to Just Monetizing Government

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by Martin Armstrong QUESTION: Mr, Armstrong; Why the push for lower interest rates again in developed markets? You have stated the QE has been a total failure. Are they incapable of doing anything else? KE ANSWER: We are switching from QE to a new reality of budget management. If interest rates rise on government bonds, the budget … Read more

NY stores going out of business

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https://www.youtube.com/watch?v=Nvlp8LBfxHk Retail bankruptcies and store closures are mounting at an alarming rate with nearly 6,000 store closures announced so far this year, due in part to the rise of online shopping. RT America’s Trinity Chavez reports on the trend for the News with Rick Sanchez.

It Is Being Projected That U.S. Consumers Will “Pay 40% To 85% More For Vine-Ripe And Other Fresh Tomatoes” By The End Of 2019

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by Michael Snyder It has been quite a year.  In March, catastrophic flooding in the Midwest absolutely crippled thousands of farms and “as many as a million calves” were lost in Nebraska alone.  Then in April we learned that African Swine Fever has wiped out “150-200 million pigs” in China.  To put that in perspective, that is more pigs … Read more