The Fate of All Municipal Governments – Look to Peoria, Illinois

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by Martin Armstrong The governmental system we have is totally corrupt and it outright UNSUSTAINABLE!!!! In Illinois, the city of Peoria has been forced to eliminate 22 firefighter and 16 police positions even after they made 27 layoffs earlier this year. Besides eliminating employees, they are now looking at adding a tax of $50-$300 to per resident try … Read more

The US economy is slowing but how quickly?

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by Shaun Richards A feature of recent times has been the way that economic growth forecasts have been trimmed somewhat. This morning has already seen two examples of that as the Swiss National Bank has suggested it will fall from 2.5% this year to 1.5% next, must be awkward that when your official interest-rate is … Read more

The Bubble Bursts: Vancouver Home Prices Plunge 8.5%, Biggest Annual Drop Since 2009

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Authored by Steve Saretsky of VancityCondoGuide The sudden shift in the Vancouver housing market has been well documented. In November, home sales across all property types sank to a ten year low for the month. The drop is rather unprecedented considering the current economic backdrop suggests unemployment across Canada has plunged to a 42 year low. And … Read more

Chinese State Media reports another Canadian official detained.

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A Chinese state media outlet is reporting that another Canadian citizen has been detained on suspicion of engaging in activities that endanger China’s national security. The report from Northeast News Network, which cites unnamed sources, said the case of Michael Spavor is currently under review. Spavor is the founder of Paektu Cultural Exchange, a Canadian-owned, China-based firm that organizes cultural … Read more

Indian billionaire rents John Kerry and Hillary Clinton along with Beyonce to dance on stage at his daughter’s wedding

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Indian billionaire rents John Kerry and Hillary Clinton along with Beyonce to dance on stage at his daughter's wedding. Is no one in America not for sale? https://t.co/yxPIeenxoj — Tarek Fatah (@TarekFatah) December 12, 2018 Clinton and Kerry both attended the wedding festivities for Isha Ambani and Anand Piramal, two insanely rich families. Ambani’s father … Read more

Former Fed Head Janet ‘Not In My Lifetime’ Yellen Now Says We Could Have Another Financial Crisis

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by Mac Slavo of SHTFplan The former head of the Federal Reserve, the United States’ central bank, warns that another financial crisis is most definitely possible. Janet Yellen said that the tools that could help prevent another crisis are not all that great in the U.S. Of course, what Yellen means is that the government is not using … Read more

‘Yellow Vest’ Protests Spreading to Other Countries as Citizens Rise Up Against Corrupt Gov’t

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via thefreethoughtproject: Paris, France — A grassroots movement made up of citizens who have become fed up with the political establishment in France has been growing since early November and it has come to a head this month. The movement, known as “gilets jaunes” or “yellow vests” began as an anti-tax protest but has since merged folks … Read more

Fund Manager: The Trade War Is Not The Problem With The Global Economy

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by Dave Kranzler of Investment Research Dynamics I chuckle when the hedge fund algos grab onto “positive” trade war headlines and trigger a sharp spike in stock futures.  Settlement of the trade war between the Trump Government and China will do nothing to prevent a global economic recession – a recession which will likely deteriorate into a painful … Read more

If over half of global GDP growth for the last decade relied on China, what is this telling you about the current macro environment?

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China M1 growth is 32bps away from all-time lows yet its economy remains solely dependent on QE & new credit to expand. If over half of global GDP growth for the last decade relied on China, what is this telling you about the current macro environment? pic.twitter.com/Xtbgw1RbmW — Otavio (Tavi) Costa (@TaviCosta) December 12, 2018 … Read more

Jail Time?! Leaker Adam Schiff Continues His UNHINGED Nonsense On Face The Nation

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Jim Hoft for the Gateway Pundit reports, Rep. Adam Schiff, who is often completely wrong and completely dishonest, told Face the Nation on Sunday that President Trump faces “the real prospect of jail time” after he leaves office. https://www.youtube.com/watch?v=A76Ju4gQ2zI Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…    

Five financial mistakes that young couples do.

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You are young, financially independent, head over heel in love with each other. You feel like the whole world is your oyster. Nothing can go wrong.  But then it does. You don’t know when or how friction starts happening. You guys started bickering with each other. Sound’s familiar, doesn’t it? That’s because you are not … Read more

Charles Hugh Smith: French Leaders “Stopped Listening to the People 20 Years Ago”

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by Charles Hugh Smith The elites’ clever exploitation of politically correct cover stories has enthralled the comatose, uncritical Left, but not those who see their living standards in a free-fall. A family member who has lived in France for decades summarized the source of the gilets jaunes protests in one sentence: “The government stopped listening to the people … Read more

Parker Drilling Bankruptcy Kicks off “Oil Bust 2”

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But look how the bonds got manipulated up 24% in one minute at the close. Parker Drilling announced Wednesday morning that it had filed for a “pre-arranged” chapter 11 bankruptcy. The storied drilling contractor has been in business since 1934. It has been involved in oil fields from Alaska’s Prudhoe Bay … Read more

The CEO of privacy search engine DuckDuckGo says Google uses location data that puts entire ZIP codes in politically biased ‘filter bubbles’; Breitbart claims Google targeted ad revenue to bring down site

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On Tuesday, Google CEO Sundar Pichai was interrogated by the House Judiciary Committee over a number of topics including potential bias in the search results it provides users. DuckDuckGo — a privacy-focused search engine company that competes with Google Search— released a study last week that claims Google is inadvertently introducing bias into its results. “Google’s collection and use of … Read more