Implosion of China’s P2P Lending Boom Hits Consumer Spending

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter First sign: auto sales suddenly plunged. The Chinese government legalized peer-to-peer lending platforms in 2015. P2P sites attract money from individual investors – mostly savers – by offering them extraordinarily high yields. They lend this money at high interest rates to borrowers who have trouble getting loans elsewhere – classic subprime. … Read more

How Things Fall Apart: Extremes Aren’t Stable

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by Charles Hugh-Smith A funny thing happens on the way to stabilizing things by doing more of what’s failed: the system becomes even more unstable, brittle and fragile. A peculiar faith in pushing extremes to new heights has taken hold in official circles over the past decade: when past extremes push the system to the breaking point … Read more

This is perhaps the greatest single trend impacting the next decade

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by Adam Taggart Creativa Images/Shutterstock Total debt (public + private) in America is currently at a staggering $67 trillion. That number has been rising fast over the past 47 years, following the US dollar’s transformation into a fully-fiat currency in August of 1971. Perhaps this wouldn’t be such a big concern were America’s income, measured … Read more

Assad Gives Order To Use Chemical Weapons…..

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by SP Yes, this is stupid beyond belief.  (Source) Mr Assad just about finishes his clean-up of mercenary “rebels” in one last pocket in Idlib, and decides to announce to the world that he intends to “cross the line” by using chemical weapons so that the US has the rationale to bomb Assad from the … Read more

Lawyers Claim to Have “Explosive” Monsanto Documents

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Could we be witnessing the beginnings of a major shift in public awareness regarding the destructive and murderous business model of companies like Bayer and Monsanto? Was Monsanto’s absorption into Bayer an early attempt at damage control in anticipation of Monsanto’s reputation being ruined forever? via euronews: US lawyers say they have “explosive” documents about crisis-hit … Read more

GOLD: THE DAY OF RECKONING APPROACHES

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With total global debt surpassing $233 TRILLION in 2017, we are well down the path of destruction of all fiat currencies, the only question is this: How much time do we have left before the day of reckoning arrives? Patrick Donnelly, an Independent Director and Geologist for Harvest Gold joins me to discuss. This interview … Read more

Congressmen Introduce Bill To End Taxation Of Gold & Silver

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via the Sound Money Defense League Washington, DC (September 7, 2018) – The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion. The Monetary Metals Tax Neutrality Act – backed by the … Read more

Obama’s Economy: “That’s one of the lowest numbers we’ve seen in years.” “That’s a horrific number.”

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Obama’s Economy: “That’s one of the lowest numbers we’ve seen in years.” “That’s a horrific number.” VS. Trump’s Economy: “That’s a wow number.” “It keeps getting better and better and better.” See video will blow you away Obama’s Economy: “That’s one of the lowest numbers we’ve seen in years.” “That’s a horrific number.” VS. Trump’s … Read more

Liberal logic: Cynthia Nixon wants single-payer health care for NY but you have to “pass it to figure out how to fund it”

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by DCG Imagine going to your boss with a great idea for the company and then saying you don’t know how to fund it. From Fox News: In her quest to become New York’s next governor, Cynthia Nixon has advocated for a single-payer health care system in the state – something studies have shown would be a costly endeavor. The proposed … Read more

The pension crisis is bigger than the world’s 20 largest economies

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by Simon Black If your retirement plans consist entirely of that pension you’ve been promised, it’s time to start looking elsewhere. As you probably know, pensions are giant pools of capital responsible for paying out retirement benefits to workers. And right now many pension funds around the world simply don’t have enough assets to cover … Read more

Of course: California DMV botched 23,000 voter registrations

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by DCG From SF Chronicle: The state Department of Motor Vehicles incorrectly registered 23,000 people to vote, including putting the wrong political party and vote-by-mail preferences for those Californians, the embattled agency said. The DMV, which has been criticized for excessive wait times in its offices despite millions in new funding, said Wednesday that the erroneous voter registration data … Read more

Hurricane Florence Expected to Rapidly Intensify; Serious Rainfall Threat for East Coast

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Florence has re-intensified into a hurricane, and is expected to rapidly intensify into a very dangerous Category 4 hurricane by Tuesday as it heads towards the Southeast U.S. Coast. Florence is likely to make landfall on Thursday evening or Friday morning on the Southeast U.S. East Coast, or remain just offshore. The odds have increased … Read more

Significant Activist Hedge Fund Activity (Last 7 Days)

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by badpauly These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed … Read more

Trump Floors EVERYONE With 9 Word Declaration Sending CHILLS Down The Spines of Any 2020 Challengers

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https://www.youtube.com/watch?v=Xcelqwu94b8 Amanda Prestigiacomo for the Daily Wire reports, Fired up from the bombshell New York Times editorial written by an anonymous source claiming to be a senior member of the Trump administration and part of the “resistance,” President Donald Trump declared to a packed room at the White House that “nobody is going to come … Read more