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https://www.youtube.com/watch?v=8xJSlyShgLU Timothy Puthko for FOX News reports, The Trump administration is escalating an effort to revive the flagging U.S. coal industry with a planned move next week to replace restrictive Obama-era climate policies with new rules designed to help coal-burning plants run harder and stay open longer. Read More/Source/Credit/FairUse: http://www.foxnews.com/politics/2018/…
via Yahoo: For almost two years, Wells Fargo (WFC) has been under near-constant fire. It all began, of course, with the revelation that employees in bank branches, who faced immense pressure to sell, had opened fake accounts for customers. Then, the bank agreed to pay a $1 billion fine to settle allegations of abuses in … Read more
via @OccupyWisdom https://twitter.com/OccupyWisdom/status/1031414036443918337 https://twitter.com/OccupyWisdom/status/1031414044434030593 https://twitter.com/OccupyWisdom/status/1031414053015564289 https://twitter.com/OccupyWisdom/status/1031414060506595328 https://twitter.com/OccupyWisdom/status/1031355459192668161 https://twitter.com/OccupyWisdom/status/1031019388198182912 Bubble forever? Brokers are betting on the Fed stopping its timid balance sheet reduction at $3.8 trillion and a flatter yield curve. pic.twitter.com/OEDPqJOvkB — Daniel Lacalle Official Account (@dlacalle_IA) August 20, 2018
by Jeff Clark, Senior Precious Metals Analyst, GoldSilver Mike Maloney thinks that hyperinflation is a distinct possibility in the US. So when I read about the runaway inflation rates in Venezuela, I wondered how that would play out in the US if he’s right. From the outset we should say that America has some obvious differences … Read more
via @OccupyWisdom : https://twitter.com/OccupyWisdom/status/1031689287203545088 https://twitter.com/OccupyWisdom/status/1031689293104902144 https://twitter.com/OccupyWisdom/status/1031689300843417603 https://twitter.com/OccupyWisdom/status/1031797564352417792
#China's peer-to-peer lending industry, the world’s largest, is shrinking, BBG reports. Savers have been rushing to pull money amid a govt crackdown that's seen some platforms halted & put under police investigation. Outstanding loans dropped 26% in July to 956bn yuan ($139bn). pic.twitter.com/Eu66AZl08P — Holger Zschaepitz (@Schuldensuehner) August 21, 2018 New deputy #PBOC governor Zhu … Read more
Strong USD, rising rates, chopping stocks beginning to take their toll on US economic data. If this continues, it will force the Fed to show their cards – is this a normal rate hike cycle or will they "shoot the hostage" to defend the USD? https://t.co/L6BOVnMO72 — Luke Gromen (@LukeGromen) August 21, 2018 https://twitter.com/jcvSmartGlobal/status/1031842613824028672 pic.twitter.com/aBkwJgthK2 … Read more
by goldsilver Fed-fueled valuation madness. Cheap debt and deep tax cuts piped directly to corporations, who then use that money to buy their own expensive shares in huge buybacks while the same executives who put out press releases crowing about how cheap their stock is (hence the aggressive buyback) sell their personal shares into that same … Read more
by eschub Net Worth Image Have to pay taxes on some retirement accounts and some unrealized gains still. College I worked and paid my way through most of college. I graduated in May of 2013 with roughly $40k in student loans and a net worth of -$38k. I received a signing bonus of $5.5k shortly after. I … Read more
In a plan designed to tackle hyperinflation, Venezuelan President Nicolas Maduro on Friday announced plans to raise his country’s minimum wage and create a single exchange rate pegged to his government’s petro-backed cryptocurrency, effectively devaluing the country’s currency by 96%, Reuters reported. Venezuelans rushed to shops Friday to stock up on goods before the monetary overhaul … Read more
via qz: Most retellings of the 2008 financial crisis, which began in the US and swiftly spread across the world, hinge on the understanding that the crisis came to an end—and that, in the US, it ended quite quickly. Crashed: How a Decade of Financial Crises Changed the World (Penguin Random House, Aug. 7, 2018), the latest book … Read more
by SP Performances 5 days 1 month YTD 1 year 5 years 10 years Max Gold Price per Ounce (VEF) -0.82% 100.85% N/A 2,224,621.24% 3,428,439.64% N/A 12,495,881.72% Live Gold Spot Price – Venezuelan Bolívar (VEF) ================================================================= Maduro orders 96 percent devaluation in hyperinflation-stricken … Daily Times–Aug 18, 2018 Venezuela’s president Nicolas Maduro announced on Friday a … Read more
by Trivirus http://www.demographia.com/dhi2018.pdf Index number is median house price:median income. Notable US cities (Low end): 1 U.S. Rochester, NY 2.6 2 U.S. Cincinnati, OH-KY-IN 2.7 2 U.S. Cleveland, OH 2.7 4 U.S. Buffalo, NY 2.8 4 U.S. Oklahoma City, OK 2.8 4 U.S. Pittsburgh, PA 2.8 7 U.S. Detroit, MI 2.9 7 U.S. Saint Louis, … Read more
The Case for a 50-Year Bull Market https://www.barrons.com/articles/the-case-for-a-50-year-bull-market-1534550401?mod=trending_now_4 Here are a couple of historic magazine covers. https://www.financialsense.com/sites/default/files/users/u163/images/2012/0504/01-dow.jpg https://www.financialsense.com/sites/default/files/users/u163/images/2012/0504/02-businessweek.jpg h/t MakeTotalDestr0i
via Ducandy: Read this for an incredibly simplified version of what has been going on in Circle-Jerk DC!!? It spells it Incest, it’s Incestuous From 2001 to 2005 there was an ongoing investigation into the Clinton Foundation. A Grand Jury had been empaneled. Governments from around the world had donated to the “Charity”. Yet, from 2001 … Read more
via fastcompany: The system assigns Chinese citizens a social credit score based on their social, political, and economic behavior. A bad score affects a Chinese citizen’s ability to travel via train or plane and can even stop a person from getting a good job or staying at a nice hotel. The system works by using big … Read more
New Australian bill introduces some of the toughest legislation anywhere in the world for refusing to hand over personal data, while other Western countries are scrambling for their own solutions. Existing legislation already allows for imprisonment for up to two years for failing to give investigators access when serious crime is involved, but the new Assistance … Read more
My Youtube playlist of my favourite conspiracy videos of all time. h/t Troflecopter
via CNBC Oil been getting crushed this month and a top technician warns the decline is signaling even more trouble for energy stocks. Crude has been on a tear for the better part of the year, jumping more than 36 percent since January and breaking above the $70 level for the first time since November … Read more
via National Review Underneath the current economic boom, there are some truly worrying signs. Eric Sevareid (1912–1992), the author and broadcaster, said he was a pessimist about tomorrow but an optimist about the day after tomorrow. Regarding America’s economy, prudent people should reverse that. This Wednesday, according to the Financial Times‘ Robin Wigglesworth and Nicole Bullock, … Read more