Stealth Moves Behind The Scenes, Investigations, Control Moves To Senate

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Mueller cannot find Russian collusion. Comey testifies behind closed doors and refuses to answer question or says he can’t remember. Does admit dossier was not verified. House Chair Nadler will end investigation, Senate was the target. Trump nominates Barr, stealth move to put all eyes on Barr which will allow Whitaker to work behind the … Read more

The Conflicting Forces of Modernism: Kafka and Kierkegaard

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by Charles Hugh-Smith We seem to be heading into a confrontation between the two forces of Modernism: the primacy of the individual versus the increasing technological and economic might of the central state. In Kafka’s Nightmare Emerges: China’s “Social Credit Score” (May 7, 2018), I wrote about Kafka’s vision of a bureaucratic nightmare emerging in China’s “Social … Read more

The West Coast Housing Bubble Bursts Even Without Tech Bust, which is still to come.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The biggest housing markets of the West Coast — the Seattle metro, the San Francisco Bay Area, and the Los Angeles and San Diego metros — went through phenomenal price inflation over the past few years, with prices having shot way past their highs of Housing Bubble 1, before it imploded. … Read more

10 out of the 13 the stock market was already in a bear market…. Russell 2000 looking weak.

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https://twitter.com/OccupyWisdom/status/1071472937138614272 https://twitter.com/OccupyWisdom/status/1071570254730530817 Breaking down this support would virtually eliminate near-term potential for $SPX $ES_F to be saved & trigger the boxed scenario (in red) targeting 2189 pic.twitter.com/zymyBhbZYO — mcm-ct.com (@mcm_ct) December 8, 2018 $SPX going back 20 years. Red circles when 50 day crossed below flattish 200 day. Not a bullish sign obviously. We'll see … Read more

The World Is Nearing The Point Where Global Central Banks Would Inject A Bunch Of Credit Into The Global Economy – If That Does Not Happen – Then Hard Landing Is Likely

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IMHO:1) Dollar in range of past 5 years2) 2018 was global synchronized growth, now synchronized slowdown3) EM face massive maturity wall in USD 19 and 204) Commodities collapsed All = Run away from EMs into a deflationary slowdown with massive $ denominated maturities ahead — Daniel Lacalle (@dlacalle_IA) December 8, 2018 https://twitter.com/MacroTechnicals/status/1071475282421403648 1881 of 2767 … Read more

HSBC, Longtime Money Launderer for Terrorists, Implicated in Huawei/Iran Fraud

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WASHINGTON (Reuters) – Chinese telecoms giant Huawei Technologies Co Ltd’s chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to people familiar with the probe. The United States has been looking since at least 2016 into … Read more

People’s Bank of China Advisor Says China Should Start Planning for Bailout Now

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(Bloomberg) — People’s Bank of China adviser Ma Jun has probed the economy for triggers of financial turbulence, and proposed measures including direct bailouts of enterprises and bank re-capitalization should a crisis hit. Property bubbles, local government contingent debt, the heavy reliance on land sales for financing or the shadow banking sector could set off … Read more

GE Cuts Previously Legendary Dividend, Once a Retirement Income Lifeline, to a Penny

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It’s second dividend cut announcement this year for the beleaguered company. GE’s stock is down by nearly 60 percent this year. General Electric made its painful dividend cut official on Friday, with the company’s board of directors authorizing the payout to be cut to just a penny a share. GE first announced in late October it … Read more

How Poorly Worded English May Have Just Freed Almost All Banks From Volcker Rule Regulation

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  via yahoo: A few double negatives buried in legislative text may have inadvertently freed nearly all U.S. banks from a regulation known as the Volcker Rule, which sought to curb risky behavior in response to the 2008 financial crisis. The text in question comes from a package bill passed in May that pared back portions of the … Read more

“Europe is not free, because freedom begins with speaking the truth.” Hungary’s PM(video)

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“Europe is not free, because freedom begins with speaking the truth. Today in Europe, it is forbidden to speak the truth… Europe is under invasion, countries that don’t stop [Islamic] immigration will be lost…” https://youtu.be/EbINrdyAXlE http://grainoftruth.ca/wp-content/uploads/2018/12/Listen-to-Hungarys-PM-Viktor-Orbán-Speak-G0Ds-Words.mp4?_=1   http://grainoftruth.ca/listen-to-hungarys-pm-viktor-orban-speak-g0ds-words/

Nigel Farage unveils plan to form new party to fight ‘biggest battle yet’ for independence from EU

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Nigel Farage has said it is his “destiny” to fight for Brexit as he unveils his plans to launch a new political party to fight next year’s European Parliament elections if the Government delays Britain’s exit from the European Union. Talks have been going on for a number of months about his new party but … Read more

Why the French protest.

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by Fabius Maximus  Summary: The media tends to write about those wacky Yellow Vest protesters in France who oppose carbon taxes that can save the world. But they have very good reasons to dislike their leaders. Here are reasons that the news media forgot to mention. Why the French protest. France’s real GDP has risen 73% in … Read more

DOLLAR STORES PLANNING FOR PERMANENT AMERICAN UNDERCLASS, SELL MORE GROCERIES THAN WHOLE FOODS

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Dollar-store chains like Dollar General and Dollar Tree are rapidly expanding by targeting the poor, particularly in predominantly black neighborhoods and rural areas, while planning for a permanent American underclass, according to a new report from the community development nonprofit Institute for Local Self-Reliance (ILSR). Though dollar stores sell no fresh vegetables, fruits or meat … Read more