by Michael Snyder We have never seen a year like this in the history of the state of California. Yes, there are large wildfires in California every year, but this is one for the record books. Well over half a million acres have already been burned, and we still have three weeks remaining in 2017. At … Read more
by Lance Roberts Review & Update No Risk Of Recession Sector & Market Analysis 401k Plan Manager Follow Us On: Twitter, Facebook, Linked-In, Sound Cloud, Seeking Alpha Review I have been traveling a lot the last couple of weeks, so a big “Thank You” goes to Michael Lebowitz for “pinch hitting” for me. This week, I just want to review a couple of things … Read more
Catherine Austin Fitts, who was also an Assistant Housing Secretary in the first Bush Administration, talks about the Mueller/Trump investigation that she says is twisting in the wind and also the gun control and why Americans need firearms now more than ever. Fitts also says a large market correction will probably happen in 2018. Join … Read more
Exuberant stock market, disappearing middle class, history repeats itself [ A 32-year-old mother of 7 children called Florence Owens Thompson, Nipomo, California. February 1936.] One in five American households have ‘zero or negative’ wealth U.S. homes have regained value since the Great Recession, but many households have not Millions of Americans are living on the … Read more
by Mark Angelides As the election for the seat in Alabama draws ever closer, the Republican candidate Roy Moore has been holding his own in the polls. Despite the numerous accusations of sexual misconduct against him, many polls still point to a narrow lead. There is no denying that the accusations have been holding down his … Read more
BY SRSROCCO The U.S. economy continues towards an epic crisis while the overwhelming majority of analysts are completely in the dark. Even though some alternative media analysts understand that our highly leveraged fiat monetary system and markets will crash, they fail to understand the underlying reasons. Thus, we are heading into a future we are not … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter $21 billion of debt. Off-balance-sheet entities. Moody’s wakes up, downgrades it four notches, with more to come. Steinhoff International Holdings – which acquired nine companies in the past two years, including Mattress Firm Holding in the US, and which presides over a cobbled-together empire of retailers and assorted other companies in … Read more
by moneymetals https://s3.amazonaws.com/ILB_MS_BUCKET/ILB-171208-WeeklyMarketWrap.mp3 DOWNLOAD MP3 Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear a truly explosive interview with Michael Pento of Pento Portfolio Strategies. Michael describes for us what may be coming in the bond and fixed income markets and the impact … Read more
by Chris Black Due to an influx of fake news and anti Trump propaganda, as per a CBS News poll, a large number of Americans have been misinformed and are now believing that President Trump’s tax cuts are not really tax cuts, but yet another boon for the richest one percent, or something along these … Read more
Gary Cohn, Trumps main Economic Adviser, laughed out loud when asked by Stuart Varney if this was Obama’s economy. Obama’s economy was the worst of any post-war president. Trump’s economy is booming! Gary Cohn, Trumps main Economic Adviser, laughed out loud when asked by Stuart Varney if this was Obama's economy. Obama's economy was the … Read more
Don't be alarmed, but last time this happened stocks corrected -30%… pic.twitter.com/4e5g0eBkTn — Alastair (@StockBoardAsset) December 8, 2017 Market Remains Overvalued The chart below differs from the one above in that the two valuation ratios (P/E and Q) are adjusted to their geometric mean rather than their arithmetic mean (which is what most people think of as … Read more
Mac Slavo December 6th, 2017 SHTFplan.com This coming crisis will hit everyone in the wallet. Money manager Peter Schiff, who accurately predicted the 2008 financial crisis, can already see the writing on the wall – and he says everyone is going to get wiped out. Schiff says that this time, gold will explode and the dollar will … Read more
by Dana Lyons The percentage households’ financial assets currently invested in stocks has jumped to levels exceeded only by the 2000 bubble. Updating one of our favorite data series from the Federal Reserve’s latest Z.1 Release, we see that in the 3rd quarter, household and nonprofit’s stock holdings jumped to 36.3% of their total financial assets. … Read more
Here is the IMF, talking about just a small percentage of the risks in China. Does this mean that China the only country with issues? No. Not even close. But where there are risks, we must identify them. In your opinion, does China pose a serious threat to the global economy? China has faced massive … Read more
Venezuela is the perfect example of what a central bank can do to a currency. Completely destroy it. This is what happens to fiat currencies with central bank control. They expand it until it devalues entirely. Central planning is a failure. Financial and political. But have no fear, Venezuela’s new cryptocurrency, the Petro will save … Read more
by Daniel Carter If you are a freedom loving American, you are probably well aware of the rabid social justice movement. United States college professors have successfully indoctrinated the past few generations with Marxist/Communist ideas, and now it has finally culminated into a movement that threatens to destroy the enlightenment values of the west. People who … Read more
by Daniel Carter Leading up to the 2016 presidential election, candidate Trump galvanized millions of faithful supporters with a message against the Deep State. “Drain the swamp” was the motto he used to signify the coming destruction of the old and corrupt establishment. In the minds of many, this meant an “America first” policy; a policy … Read more
By Michael Snyder The price of Bitcoin continues to rise at an exponential rate, and the financial world is in a complete state of shock. Just yesterday, I marveled that the price of Bitcoin had surged past the $13,000 mark for the first time ever, but then on Thursday it actually was selling for more than … Read more
by Michael Snyder It appears that something unusual is happening along the California coastline. Over the past 24 hours, California has been hit by 46 earthquakes. That is approximately twice the normal daily number, and much of the shaking has taken place in the southern part of the state. In recent weeks I have been … Read more
From Birch Gold Group Since WW2 the U.S. has witnessed eleven economic recessions. During this time economists have noticed an interesting trend: all those past recessions, except for one in 1960, were preceded by an increase in the price of oil. It’s for this reason that an increase in oil price is often viewed by many … Read more
by Ruby Henley Blackwater founder Erik Prince, ex-CIA officer John Maguire, and Oliver North are advising President Trump to create his own private global spy network, which would report directly to him and CIA Director Mike Pompeo. At this point, President Trump is surrounded by treasonous US Intelligence Agencies, which are part of the vast … Read more
Greenspan: Tax overhaul will do ‘very little’ for growth; inflation is biggest danger Former Fed Chair Alan Greenspan said the Republican-sponsored tax overhaul plan will do “very little” for economic growth. Instead, he said in an interview with CNBC that Congress should focus on the deficit or risk inflation getting out of control. Greenspan cautioned in 1996 about “irrational … Read more
https://www.youtube.com/watch?v=VCTDbbDwy_o Freedom Caucus Members Push To Hold Hillary and the FBI Accountable During Powerful Press Conference. ~~ Links: 1) http://thegatewaypundit.com/2017/12/f… 2) Thumbnail image – Rep Matt Gaetz.jpg Fox News, http://thegatewaypundit.com 3) Music – Youtube Audio Library “Ambient Ambulance” https://www.youtube.com/audiolibrary/ VIDEO: 8 Congressmen hold live Clinton ‘Special Treatment’ Press Conference demanding investigation Congressmen Gaetz, Jordan, Meadows, … Read more
By Michael Snyder Either the Republicans are going to give Democrats virtually everything that they want, or the federal government will shut down at the end of the day on Friday. We have been through this process time after time, and in every single instance the Republicans have always folded like a 20 dollar suit. … Read more
https://www.youtube.com/watch?v=V5mZ-SPCFC8 Trump Just Uncovered Elizabeth Warren Stole $5 BIL From Taxpayers – What She Did With It Will Make You SICK! ~~ Links: 1) https://freedomdaily.com/trump-just 2) Thumbnail image – 1-17-1200×630 (1).jpg Warren, https://freedomdaily.com 3) Music – Youtube Audio Library “Ambient Ambulance” https://www.youtube.com/audiolibrary/