By Michael Snyder Are you ready to pay 37 percent more for health insurance in 2018? Obamacare is imploding faster than most of us imagined, and these rate increases are absolutely killing hard working middle class families all across the country. I wrote about the steady erosion of the middle class yesterday, and health insurance is … Read more
WB Concerned Over Global Debt Overhang The World Bank has warned that unless countries across the globe address issues relating to borrowing, the world could be heading for another financial crisis. In its World Economic Outlook report for October 2017, it noted that discouraging further debt build-up through measures that encourage business investment and discourage … Read more
by Mark Angelides The governor of Ohio, John Kasich is rumored to be making plans for his thirds (and hopefully final) Presidential bid in 2020. Whilst he has publically stated when questioned that “That’s not where my head’s at right now,” this is hardly an outright rejection, and the fact that he has retained his … Read more
In your opinion, is Japan the model for the success of central bank monetary easing (QE)? Every country has decided to follow in the footsteps of the Fed and their actions. They set the precedent to print money to save the nation from collapse, and everyone joined the conga line in this wild party. There … Read more
by Thinker Peoples Politician Trey Gowdy is showing Americans that there are politician who care about truth, honor, justice, and the oaths that other politicians have fallen to to greed, and corruption that surround the life of so many in Washington D.C. Trillions of dollars are missing from the Pentagon and no one knows where … Read more
Bubble trouble? Infamous FANG stocks have gained almost 45% ytd, ~3times S&P 500 & ~4times S&P Equal Weight! https://t.co/icqjKyswS7 pic.twitter.com/dGHMunjJW1 — Holger Zschaepitz (@Schuldensuehner) October 29, 2017 #housing #mortgages# unaffordability – US Homes Have Never Been More #Unaffordable @zerohedge https://t.co/sxUga08rvM pic.twitter.com/Js3AEFfe7G — TraderStef (@TraderStef) October 29, 2017 https://twitter.com/NorthmanTrader/status/924239067528777728 h/t Uncletommy
by Michael Snyder A civil war for control of the future of the Republican Party is raging, and pro-Trump forces are winning. In recent weeks, we have seen Senator Jeff Flake and Senator Bob Corker both announce that they will not seek re-election when their terms are over. Meanwhile, a new generation of enthusiastic pro-Trump candidates … Read more
By Michael Snyder The federal government is now 20.4 trillion dollars in debt, and most Americans don’t seem to care that the economic prosperity that we are enjoying today could be completely destroyed by our exploding national debt. Over the past decade, the national debt has been growing at a rate of more than 100 million dollars … Read more
Honestly this is ridiculous. We’re heading back into the housing bubble all over again. I didn’t realize these people were goldfish and their memory was that terrible! Do you think this is dangerous? No money? No problem. The government is going to help you out. Just take on a massive amount of debt and carry … Read more
by Trivirus Long post and food for thought for those willing to read into the numbers instead of relying “experts” for counsel. , I will include some real investment tips for those who think long term and rightfully view the “consensus” mentality with scorn and contempt. My thesis: I take the pessimist’s view that, sometime in the near … Read more
A big difference between the market today and that of the 1987 crash is unfunded pensions. Renowned investor Dr. Marc Faber, who holds a PhD in economics, says, “The unfunded liabilities have gone up. They did not go down. So, if in rising asset markets the pension funds unfunded liabilities go up, can you imagine … Read more
House Intel Committee Reaches “Deal” Securing Fusion GPS Bank Records — Will Remain Confidential NEW: House Intel Committee reaches deal to secure Fusion GPS' bank records; the company produced dossier alleging Trump-Russia links. pic.twitter.com/6VkzRkpf4t — ABC News (@ABC) October 28, 2017 Fusion GPS reaches 'confidential agreement' with Congress over subpoena for bank records // DC … Read more
https://www.youtube.com/watch?v=6_X0_759smo Justice with Judge Jeanine Pirro October 28, 2017 – Fox News October 28, 2017 President Trump Press Conference With Mitch McConnell – President Trump Speech to UN General Assembly, Trump DACA decision, TRUMP PARDONS JOE ARPAIO, FAKE NEWS MEDIA, MSESPN, Steve Bannon Fired, TRUMP’S FIRST 280 DAYS, Anthony Scaramucci Fired, Sean Spicer Resigns, Jeff … Read more
The House Intelligence Committee announced Saturday that it has reached a settlement to obtain bank records from the private intelligence firm that produced a controversial dossier alleging ties between President Trump and Russia. http://thehill.com/homenews/house/357650-house-intel-panel-says-it-will-get-access-to-fusion-gps-bank-records https://www.reuters.com/article/us-usa-trump-russia-dossier/u-s-house-panel-says-agreement-reached-over-fusion-gps-bank-records Let the games begin… The answers are in Fusion’s bank records. Fusion has doggedly refused to divulge the names … Read more
by David Haggith Is the Federal Reserve’s Great Unwind already coming unwound? I thought it would be good to check up on Federal Reserve balance sheet reduction since the Fed is supposed to be up and running on the move out of quantitative easing this month. It should be fascinating to see what progress the Fed is making … Read more
by Dr. Eowyn Last month, it came to light that a West Point graduate and infantry officer in the 10th Mountain Division at Fort Drum, N.Y., 2nd Lt. Spenser Rapone, is a communist and an “official socialist organizer” of the Democratic Socialists of America (DSA). Rapone‘s advocacy for communism was discovered when he, in solidarity with former NFL football player Colin … Read more
WTF??? Lawyers for the conservative publication Washington Free Beacon informed the House Intelligence Committee Friday that the organization was the original funder for the anti-Trump opposition research project with Fusion GPS. http://www.washingtonexaminer.com/washington-free-beacon-funded-original-fusion-gps-anti-trump-opposition-effort/article/2638850 Now it makes more sense: The Free Beacon was originally part of a 501(c)(4) tax-exempt organization called the Center for American Freedom, but … Read more
https://youtu.be/NOYENRWib5Q The Left has been desperately working for months to find any shred of evidence that Donald Trump had even the slightest connection to Russia during the presidential campaign. Despite having the full support of their friends in the media, they have consistently failed to find anything substantive. At first, I assumed the liberal elites … Read more
by visualcapitalist $63 Trillion of World Debt in One Visualization If you add up all the money that national governments have borrowed, it tallies to a hefty $63 trillion. In an ideal situation, governments are just borrowing this money to cover short-term budget deficits or to finance mission critical projects. However, around the globe, countries have … Read more
by Robert Carbery While many watchers of the economy are troubled by the many credit bubbles we have going on right now, the U.S. economy seems to be picking up its pace of growth under the Trump administration. And we’ve only just begun. Though the stock market riding at record highs means nothing … Read more
by Chris Black IMAGE CREDITS: WIKI. They’re not sending their best is an expression coined by President Trump during last year’s presidential campaign, when he was describing the huge amount of criminals and “bad hombres” who were jumping the fence in the US from Mexico, with almost zero vetting. That phrase just got a new … Read more
by Robert Carbery Human beings desire to be free. They want to live with people like them and reside in a nation that protects those freedoms while maintaining a rich culture to be proud of. Catalonia, the region around Barcelona, Spain, is struggling to declare its independence from Spain. Catalan lawmakers voted on … Read more
https://twitter.com/NorthmanTrader/status/923582220895440897 https://twitter.com/NorthmanTrader/status/923996073370243072 https://twitter.com/NorthmanTrader/status/923959168196849664 https://twitter.com/NorthmanTrader/status/923921375961772032 https://twitter.com/NorthmanTrader/status/923553734873018368 https://twitter.com/NorthmanTrader/status/923601490484387841 https://twitter.com/NorthmanTrader/status/923953080663707649 https://twitter.com/NorthmanTrader/status/923600057118666752 Home ownership has declined in Canada and in many parts of the world. Someone purchased a huge amount gold future contracts which pushed the gold price up. The economy will be coming down city by city, we are already seeing this in San Francisco and in many … Read more
by Mark Angelides After the shocking treatment of voters in the Catalan “referendum” which saw people literally dragged out of voting stations and elderly people bleeding in the streets, added to the iron fist threat of taking back power from the autonomous region, Catalonia’s elected officials have voted 70 to 10 to declare independence from … Read more
Kitco News, Released on 10/27/17 Ron Paul sees a lot of pain in store for Wall Street. The former congressman and now a chief ambassador to Goldco sees as much as a 50 percent correction in store for equities. “A 50 percent pullback is possible,” Paul said, doubling down on his original June forecast of … Read more