via cbc.ca: A policeman inspects barrels containing stolen diesel fuel, stored in a tire repair shop, during an operation in the municipality of Apodaca, neighboring Monterrey, on July 4, 2011. More than 100 oil workers and contractors hired by Mexico’s state oil monopoly Pemex have aided criminal gangs stealing millions of barrels of fuel over the … Read more
Geraldo Rivera got into a shouting match on Monday night after defending violent illegal aliens on Hannity. Sean Hannity had just interviewed the parents 22-year-old Pierce Kennedy Corcoran of Knoxville, Tennesse who was killed by an illegal alien last week. https://www.thegatewaypundit.com/2019/01/blowout-on-hannity-unhinged-geraldo-defends-violent-illegals-hannity-and-bongino-explode-video/ h/t Voluntaryist
by Troy As the S&P 500 makes a sharp upwards reversal towards its 38.2% fibonacci retracement, the U.S. stock market’s breadth is surging and risk-off assets (USD) are falling. This combination of extremely strong breadth and a decline in risk-off assets often leads to short term weakness before a bigger medium term rally, but sometimes … Read more
by Ron Paul of Ron Paul Institute I’m starting to wonder whether President Trump has any power over US foreign policy at all. Many people believe that the US president is just a figurehead, with actual foreign policy firmly in the hands of the deep state. Trump’s latest dramatic U-turn on pulling troops from Syria certainly feeds such … Read more
by Alasdair Macleod via Mises Wire It is easy to conclude the EU, and the Eurozone in particular, is a financial and systemic time-bomb waiting to happen. Most commentary has focused on problems that are routinely patched over, such as Greece, Italy, or the impending rescue of Deutsche Bank. This is a mistake. The European Central Bank and … Read more
by Charles Hugh-Smith Add up Fragmented, Unevenly Distributed, Asymmetric and Opaque and you get a world spinning out of centralized control. Here are the key dynamics of 2019: fragmented, unevenly distributed, asymmetric, opaque. Want to know what’s happening with inflation, deflation, recession, populism, etc.? It depends on what you own, when you own it, where you … Read more
The stock market has gained on Monday’s trading session after absolutely nothing happened to cause it to move upward. Wait, what did I say? You heard me correctly. The market is anticipating good news coming out of the trade talks and so the market has risen. What information do they have? Non whatsoever. But if … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But this time it’s not a result of a tech bust. That hasn’t happened yet. Housing inventory listed for sale in the two counties that make up Silicon Valley – San Mateo County and Santa Clara County – and in the county of San Francisco, surged by 113% in December compared … Read more
https://www.youtube.com/watch?v=IApJYmPDcT0 Jan. 7, 2019– Mary Greeley News – At least nine states are now affected by gasoline shortages, a situation which President López Obrador says is the result of the government’s new strategy to combat petroleum theft. https://marygreeley.com/?p=79921
https://www.youtube.com/watch?v=d4X3U3dXn5M Jan. 7, 2019– Mary Greeley News – (Reuters) – Chalk it up to years of corporate disconnection from reality, but Pacific Gas & Electric (PG&E) is reportedly now facing bankruptcy after being suspected a culprit of the last devastating Californian wildfires. https://marygreeley.com/?p=79896
Yet another example to add to a pile of data that demonstrates why CNN is THE most trusted name in FAKE “news.” https://www.youtube.com/watch?v=NmvPTXItt8U
WELL, GOOD: Tax Refunds Will Be Paid During Shutdown, White House Says. “New policy meant to ‘mitigate the impact’ of shutdown, Vice President Mike Pence says.” The decision, announced Monday by the White House Office of Management and Budget, would remove one of the biggest potential pains for Americans from the shutdown and allow hundreds of billions … Read more
This Zerohedge article makes the case that the only way for China to avoid a stagnant economy is to back the Yuan with gold. Further, the only way the Yuan can become the global reserve currency and destroy the dollar is to back the Yuan with gold. I believe this is the real issue between … Read more
by John Rubino 2019 is looking like one of those either/or years, where growing financial instability leads to either a 2008-style financial crash or another round of asset inflation. In Jay Taylor’s latest newsletter, he concludes that both scenarios are good for gold: Which Safe Haven Markets Will Dominate in 2019? If we are, as I … Read more
Private Companies Are Paying to Keep Yellowstone Clean During Shutdown: They have a profit-based incentive to keep the tourists coming. Nearly three weeks into the government shutdown, some of America’s national parks are starting to get a bit rank. Access is free, since there are no employees to collect the typical $35-per-vehicle entrance fees, but … Read more
by Jesse Colombo Bloomberg just published a piece explaining why the post-Great Recession U.S. auto sales boom is coming to an end: Carmakers have enjoyed an extended run of near-record U.S. sales and fat profits. But this year, it looks as if the party really will start to end. Interest rates are on the rise. The average price of a … Read more
See the analysis from Reuters here: Global investment banking-related activities generated an estimated US$102.6 billion in fees during full year 2018, a 4% decline compared to full year 2017. The Americas led all other regions by fees, contributing half of the global pool with US$51.2 billion. Imputed fees in the EMEA region reached US$25.9 billion, posting … Read more
According to the article, “MSNBC, NBC and ABC have not confirmed plans to air President Trump’s Oval Office address to the nation regarding the government shutdown.” This is a very big deal IMO if they go through with this… the people who believe Trump is an evil racist will probably be okay not watching the address, while … Read more
via RT: China’s population is set to peak at 1.44 billion in 2029 before beginning an “unstoppable” decline in 2030, according to a shocking new report. Data hints that India may already be the most populous country in the world. According to the ‘Green Book of Population and Labor‘ published by the China Academy of Social … Read more