Jeff Ferry – Final China Showdown Happening Now

from Financial Survival Network Jeff Ferry is Research Director at the Coalition for a Prosperous America… Trade Deficit Improves 3.4% as China Deficit Hits Best Level in 23 Months. Now Trump has imposed 25% tariffs on $200 billion of Chinese goods. There’s more to come and Trump isn’t backing down. On brighter news, the U.S. trade deficit in … Read more

New Federal Legislation Requires Full Audit of America’s Gold Reserves

by Money Metals  Washington, DC (May 8, 2019) – U.S. Representative Alex Mooney (R-WV) introduced legislation this week to provide for the first audit of United States gold reserves since the Eisenhower Administration. The Gold Reserve Transparency Act (H.R. 2559) – backed by the Sound Money Defense League and government accountability advocates – directs the Comptroller of the United … Read more

Microsoft is set to release a new version of Word that uses artificial intelligence to make your writing ‘politically correct’…. wants electronic access to the votes

Microsoft is set to release a new version of Word that uses artificial intelligence to make your writing ‘politically correct’.https://t.co/IOn8LZmJj8 — Paul Joseph Watson (@PrisonPlanet) May 9, 2019 New features will screen out ‘offensive’ language. Microsoft is set to release a new version of Word that uses artificial intelligence to make your writing ‘politically correct’. … Read more

Sean Hannity Just Put The ENTIRE Democratic Media On Notice

Jim Hoft from The Gateway Pundit reports, For the past year FOX News host Sean Hannity has been investigating and reporting on the Obama deep state spying on the Trump campaign in the 2016 election. https://www.youtube.com/watch?v=RJ7Eapgusmk Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019/05/sean-hannity-democrats-are-going-to-be-hit-so-hard-with-spying-scandal-their-newsrooms-will-be-shaking-video/

Global Smartphone Shipments Plunge To Lowest Level In Years

via Zerohedge: Across the world, warning signs are flashing about the state of the economy. Three-fourths of the global economy (per GDP) will experience a slowdown this year. The pause in growth has unquestionably transmitted through the global smartphone industry, sending shipment volumes down 6.6% YoY in 1Q19, according to new data from the International Data … Read more

Trump Spooks Global Markets: China “Broke The Deal. They Can’t Do That, So They’ll Be Paying.”

by Michael Snyder It sure looks like nothing can stop the trade war now, and that could potentially be absolutely disastrous for the global economy.  The last major trade war began in 1930, and it turned an economic downturn into the Great Depression of the 1930s.  But without a doubt something needed to be done about … Read more

The Most Medicated Country In The World: 46% Of Americans Have Taken A Pharmaceutical Drug Within The Last 30 Days

by Michael Snyder If it seems like about half the country is on drugs, that is because it is actually true.  According to a new survey from the National Center for Health Statistics, almost half of all Americans have taken a pharmaceutical drug within the past 30 days, and that officially makes us “the most medicated … Read more

The leveraged loans are about 80% above the ’08 high

The leveraged loans, also known as "widow-making pieces of crap Loans", as blossoming. Notice they are only about 80% above the '08 high, so we're probably OK for awhile… pic.twitter.com/c6ouZX7bMF — Dave Collum (@DavidBCollum) May 7, 2019 pic.twitter.com/SekPVFVI2Y — M/1_LP (@MI_Investments) May 8, 2019

Fed funds rate vs. Shibor spread is now at its highest level since the global financial crisis.

via @TaviCosta: At that time USDCNY exchange rate was at 7.25! Today, it’s only 6.79. This divergence in monetary policy puts tremendous pressure on the PBOC to devalue its currency. Honest question: If Chinese growth is picking up again, why is the $CNY share of global payments via swift declining year to date? It’s now below … Read more

Market Cap per Employee…

Market Cap per Employee…Netflix: $23 millionFacebook: $14 millionGoogle: $7.9 millionTwitter: $7.6 millionMicrosoft: $7.3 millionApple: $7.1 millionExxon Mobil: $4.6 millionAmazon: $1.5 millionJP Morgan: $1.4 millionBerkshire Hathaway: $1.3 millionWalmart: $130k — Charlie Bilello (@charliebilello) May 8, 2019