From Birch Gold Group There are lessons from the 2008-09 recession that the banking industry should have taken note of to prevent egregious lending errors from happening again. But it looks like those lessons were ignored, and history may naively repeat itself. This time, the alarms are sounding because of $1 trillion in the corporate leverage … Read more
Mac Slavo January 31st, 2019 SHTFplan.com If you need a hammer for any reason, the United Kingdom’s counter-terrorism policing unit will consider you a potential terrorist. They are also asking that anyone who sees someone doing something suspicious, like purchasing a hammer, to report it to the enforcers. Buying a hammer is suspicious and is … Read more
via CNBC: The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 48.3 in January, compared to 49.7 in December. Analysts polled by Reuters had expected the Caixin PMI to be 49.5 last month. It was the second-consecutive month of contraction and the lowest reading since 2016. A private survey on China’s manufacturing sector showed on Friday … Read more
The bill expressly prohibits all future Presidents from building any border protections Including fences or walls The House Democrats’ proposed 2019 homeland security budget reopens the nation’s southern border to migrant inflows, while it also dangles the promise of cheap labor in front of GOP legislators and donors. The draft budget adds $1.75 billion in … Read more
by Daisy Luther Life hacks are all over the place at the minute (seriously, they’re everywhere) and some are really good – but often they’re more Martha Stewart than Grizzly Adams. Survival Life Hacks Here are a few life hacks that are applicable not only to regular everyday lifestyles but to those crazy preppers – ahem – people who … Read more
via AOL: Records are being shattered and communities are enduring the harshest cold in years as the polar vortex tightens its grip on the midwestern United States. After the polar vortex plunged southward, temperatures plummeted under 20 below zero F from North Dakota to northern Illinois on Wednesday morning. Biting winds made the extreme cold more life-threatening … Read more
via washingtonexaminer: Vice Media is laying off 10 percent of its staff as part of a plan to become profitable. The company will cut about 250 people of its 2,500-person staff, and those cuts will span all departments, including nonwriter and editor positions, like IT and finance divisions, according to the Hollywood Reporter. CEO Nancy Dubuc announced … Read more
via independent.co.uk: A man has been fined after refusing to be scanned by controversial facial recognition cameras being trialled by the Metropolitan Police. The force had put out a statement saying “anyone who declines to be scanned will not necessarily be viewed as suspicious”. However, witnesses said several people were stopped after covering their faces or pulling up hoods. … Read more
Wall St. For Main St., Released on 1/31/19 Jason talks about Wednesday’s Fed announcement and how rate hikes and QT may be done
By Harry Dent So, the Fed caved on Thursday, January 31, 2019. But did they really? Yes, Fed Chair Jerome Powell’s comments yesterday may have pleased the Donald. But they have good reason to “cave.” And I explain exactly why in today’s video. https://www.facebook.com/EconomyMarkets/videos/1269939279813036/ None of the reality that may have influenced the Fed’s decision is news … Read more
President Trump is in the process of building a wall on the southern border to fend off caravans, drug dealers and human trafficking. Is Congress going to give the President the money he wants to secure the border and America? Pelosi says no way. Is America heading for another partial government shutdown—way. Gold has been … Read more
by Lance Roberts I recently sat down with Peak Prosperity’s Chris Martenson to discuss an article I wrote last year on why another 50% correction is possible. I have attached a link to the original article below the interview along with a the chart and explanation of the RIA Economic Composite Indicator I discuss with … Read more
by Wayne Root Mr. President, it’s time to stop fooling around. Build the damn wall, already. There is no choice. If you build it, you’ll be re-elected. If you don’t, you won’t. It’s that simple. According to a new Morning Consult/Politico poll out this week, 76% of Republicans back President Trump declaring a National Security Emergency … Read more
by John Ward The Western world’s élite media set are not obsessed with Brexit: they are hell-bent on the destruction of everything Brexit is about. Cast adrift by the very politicians who claim to represent them, the People of Britain have one remaining weapon – electoral blackmail to threaten the political class with extinction. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ I … Read more
by visualcapitalist The retail landscape is in a constant state of flux. E-commerce is indisputably disrupting almost every imaginable aspect of retail, creating what has been coined as the “retail apocalypse”. As a result, certain segments of the market have had well publicized meltdowns – electronics and apparel, in particular – and the U.S. now has far more … Read more
https://youtu.be/P86t1F-B5Hs h/t duFontaine
by WARREN MOSLER Lots of headlines pointing to corporate weakness: Amazon sales outlook falls short after record holiday quarter (Reuters) Fast and free shipping helped the world’s largest online retailer boost revenue by 20 percent. Net income jumped 63 percent to $3 billion for the fourth quarter. Its international operating loss shrunk to $642 million … Read more
BY JOHN MAULDIN For almost 40 years, we’ve lived in an era of low rates and easy money. It let governments and businesses worldwide run up piles of debt. Global debt could easily reach $500 trillion in a few years. And yet everyone acts like that is normal and can continue. Just like subprime mortgage debt … Read more
BY JARED DILLIAN In 2007, the Bush administration signed off on the Public Service Loan Forgiveness (PSLF) program. The idea was to give financial relief to people who had spent a lot of money on higher education, but chose to work in less financially rewarding jobs. This included people at any level of government service, including 501(c)(3) … Read more
by Ron Paul of Ron Paul Liberty Report Senate Armed Services Committee Chairman James Inhofe has warned that due to China’s activities in the South China Sea, the US should be preparing for World War III with China. Are Chinese actions in the Spratley Islands more threatening than the global US military presence? Is war the only solution? … Read more