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by Michael Snyder If negotiations between the Trump administration and the Chinese government do not produce a trade deal by Friday, it is going to be absolutely catastrophic for Wall Street. On Tuesday, trade fears pushed the Dow Jones Industrial Average down 473 points. It was the second-worst trading day of 2019 so far, and … Read more
by Michael Snyder This is the closest that the U.S. has been to a war with Iran in decades, and yet most Americans are either clueless or they don’t seem to believe that it could actually happen. And I certainly don’t think that President Trump wants a war, but he is surrounded by war hawks … Read more
via Zerohedge: The Trump Administration is looking into altering how it determines the national poverty level, which may put some Americans at risk of losing access to welfare programs, according to Bloomberg. The move might occur from changing how inflation is calculated in the “official poverty measure” according to a regulatory filing by White House Office of … Read more
Trump is now getting ready to push more people off of welfare, the reasoning is that people should not be dependent on government and a transition is on its way and the government will not be able to support these people. China talks seem like they hit a road block, but this is just a … Read more
by Charles Hugh-Smith There are many historical models in which the spending/investing of wealthy families drives the expansion of local economies. The increase in farm debt while farm income declines is putting unbearable financial pressure on American farmers, who must be differentiated from giant agri-business corporations. This is placing immense pressure on farmers, pressure which manifests … Read more
by visualcapitalist From plastic-filled oceans to unequal pay, sustainability is a hot topic these days. Many people are wondering how we’ll move the needle on these important issues, and the business world is being pressured to take action. Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every … Read more
by John Rubino By now just about everyone understands what junk bonds are and why they matter. But there’s a non-publicly traded version of this kind of debt that’s also soaring and has recently caught the Fed’s eye. Called leveraged loans, these are loans made by banks to companies with weak balance sheets – defined … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter It’s a tough job, but someone’s doing it. Consumer debt – or consumer “credit” more euphemistically – includes auto loans, student loans, credit-card debt, and personal loans, but it excludes housing related debt, such as mortgages and HELOCs. Growing consumer debt helps prop up the US economy because it means that … Read more
WELL, THEY STILL HAVEN’T ACCEPTED 2016: Liberal Media Scream: Anti-Trump media fears he’ll never leave office. Related: Honoring elections is no longer the Democratic Party way. During one of the debates between Hillary Clinton and Donald Trump during the 2016 election campaign, the Democrats became outraged when Trump said he might not immediately accept the election results should Clinton … Read more
Trade war a cloud over Trump’s 2020 prospects President Donald Trump’s aggressive trade policies are running headlong into his campaign for reelection. As Trump prepares to run on the economy, his threat to increase tariffs on imports from China has sent the stock market diving and served to undercut a stretch of positive economic news. … Read more
CNN laysoff 100 people, even thought they don’t call it a layoff. Mueller report relied on the MSM for its investigation. Mueller says he interviewed Mifsud but there is no paperwork. MSM and the [DS] are trying to play down the word spying. Wray was asked about spying and his answer was not really an … Read more
Turns out secret societies exist, and this global elite group is keeping media and everyone else out. h/t R1CK3O
via reason: [Tim] Pool leans left and supported Bernie Sanders. But he reports whatever he sees. Earlier this year, the media jumped on a video of a grinning Covington High School kid wearing a Trump hat, claiming he was taunting a native American man—but Pool was skeptical. “All of these big news outlets, even the Washington Post, … Read more
By Daisy Luther With all that is being written about the national economic collapse, people seem to be waiting for some huge event. However, for many North Americans, the collapse is here. This isn’t relegated to only lower income neighborhoods. As an article from a Cincinnati news station stated, “Hunger doesn’t know a zip code.” … Read more
BY SRSROCCO The global economy would be in serious trouble if it weren’t for the rapid growth of U.S. shale oil production. Since the 2008 financial crisis, U.S. shale oil production has increased by more than 6 million barrels per day. Without these additional barrels of oil, the massive money printing and asset purchases by … Read more
Authored by Tim Requarth via TheNation.com, In recent years, corporations have privatized almost every part of the public prison system. Now, PE firms are swooping in, seeking lavish returns for investors… When the Bellamy Creek correctional facility’s longtime kitchen officer decided to leave in 2014, David Angel requested the position. Angel, who was nearing retirement, had … Read more
by John W. Whitehead “When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby-talk, when, in short, a people become an audience and their public business a vaudeville act, then a nation finds itself at risk; a culture-death is … Read more
by DCG Liberal logic isn’t designed to make sense… From MSN: Two bills are pending in the Illinois General Assembly that would pause or permanently eliminate a basic skills test for new teachers that some officials say has contributed to a statewide shortage of educators. Starting June 30, the Illinois State Board of Education will put the Test … Read more
by Raúl Ilargi Meijer Peter Paul Rubens Daniel in the lions’ den c1615 Zero Hedge ran an article about omissions from the Mueller report and/or investigation. It’s instructive, but there is more. First, some bits from that article: Major Mueller Report Omissions Suggest Incompetence Or A Coverup Robert Mueller’s 448-page “Investigation into Russian Interference in the 2016 … Read more