by Chris In every hierarchical pyramid of social control it’s essential for the elites to be protected by their guards. If the praetorian guard ever turns on the Emperor, well then it’s all over. For a long while, harkening back to the Ferguson protests in the wake of the Michael Brown shooting, I’ve been observing … Read more
The White House has ordered the Pentagon to draw up plans for a troop withdrawal from Afghanistan, two defense officials and a person briefed on the matter told NBC News. The plans are due shortly after the new year, according to the officials. They cautioned that no decision has been made, but President Donald Trump … Read more
Pelosi Gets Personal – Trashes Trump – “Maybe He Thinks Shutdown Means He Can Golf More – That’s Not How Chuck Schumer and Nancy Pelosi ran to the microphones on Thursday evening to trash President Trump. The two Democrat leaders were OUTRAGED at the president’s threat to shut down the government over the border wall. … Read more
Soaring rents outran tenant wages, which can’t last. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Spain’s residential rental market has been on a bit of a roll of late. Over the last 45 months, median rents have risen year-on-year in all but one of them: August 2018. In the hottest markets, such as … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Bottom fishers were taken out the back and shot. It just doesn’t let up with Deutsche Bank — or with European banks in general. A new day, a new scandal, a new historic low in the share price that has been in a death-spiral for over 10 years. Deutsche Bank shares … Read more
by Michael Snyder We have not seen anything like this since the financial crisis of 2008. On Thursday the Dow Jones Industrial Average lost another 464 points, and over the last five trading sessions it has lost a total of more than 1,700 points. CNN’s Fear & Greed index has swung all the way over … Read more
by Michael Snyder President Trump has decided to stand up and fight for funding for the border wall that he has been promising the American people. And that is probably a very good thing for Trump’s political future, because news that he was going to surrender to the Democrats on border wall funding had … Read more
Perfect example of what’s wrong with media and politics today. CNN anti war under bush.CNN pro war under trump.lol Tucker Carlson Dropped by at Least 24 Advertisers Over Immigration Comment – The Wrap https://www.thewrap.com/tucker-carlson-dropped-advertisers-sponsors-immigrant-flap/ Another Globalist Bites The Dust, Deep-State Goes Crazy: James Mattis Is Leaving the Trump White House – The Atlantic https://www.theatlantic.com/politics/archive/2018/12/defense-secretary-james-mattis-leaving-trump-administration/569746/ AC
via project-syndicate: A decade after the subprime bubble burst, a new one seems to be taking its place in the market for corporate collateralized loan obligations. A world economy geared toward increasing the supply of financial assets has hooked market participants and policymakers alike into a global game of Whac-A-Mole. CAMBRIDGE – A recurrent topic in … Read more
Major financial news outlets, past heads of the US Fed & Treasury and central banks are at this point not so quietly warning about not just an approaching recession, but quite possibly another global financial crisis. From the Bank for International Settlements – which is the central bank to central banks – to Ben Bernanke, … Read more
by Martin Armstrong Everything is still on track for a pullback. The Dow Jones Industrial Average closed at a 14-month low on Thursday, the second consecutive day of sell-offs after the Federal Reserve announced its fourth widely-anticipated rate hike of the year. Interestingly, despite the fact that the rate hike was expected, the Fed’s revised outlook … Read more
by Brandon Smith The concept of using the economy as a weapon is not an alien one to most people. Generally, we understand the nature of feudalism and how various groups can be herded onto centralized plantations to be exploited for their labor. Some people see this as a consequence of “capitalism,” and others see it … Read more
Press Statement Michael R. Pompeo Secretary of State Washington, DC December 20, 2018 Today the United States Government announced historic action to confront the illegal immigration crisis facing the United States. We notified the Government of Mexico that the United States is invoking Section 235(b)(2)(c) of the Immigration and Nationality Act. We will begin implementation … Read more
by WARREN MOSLER So for every agent that spent less than its income, another must have spent more than its income, or the output would not have been sold. It’s an ex poste identity for any currency. That means that as bank lending decelerated, assuming ‘savings desires’ are generally constant, either some other means of … Read more
THE GREAT DEPRESSION WAS CAUSED BY THE FEDERAL RESERVE SO THAT THEY COULD BUY EVERYTHING FOR 1cent on the dollar. JS
SenatorRandPaul, Released on 12/19/18 Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., … Read more
Today with all the other wonderful financial news, DB shares went under $8. The merger with Citi has obviously fell apart. now the German government is scrambling to Merge DB with Commerce, Germany’s second largest. This is like tying a coast guard rescue ship to the Titanic to stop it from sinking. They will lose … Read more
CNBC, Released on 12/20/18 Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management’s International Center for Finance. Mr. Shiller has been a research associate of the National Bureau of Economic Research (NBER) … Read more
BY JOHN MAULDIN I have long warned that demographic changes have made Social Security unsustainable. In 1940, the Social Security system had 159.4 workers per beneficiary. Then it went off the rails quickly. By 1945 the ratio was down to 41.9 and a decade later was in single digits. We usually think this is a result of the Baby … Read more
by Martin Armstrong I understand this can get confusing because there are so many people who talk without any real-world experience. The Fed MUST raise rates to help the crisis in Pension funds. It raised the Fed Funds Rate (what banks charge each other) 25 basis points to 2.25-2.5%. While the Fed indicated there would be two more … Read more