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According to Financial writer John Rubino, the long predicted so-called “debt reset” is getting much closer. How’s that going to work? Rubino explains, “It’s not clear that a currency reset (devaluation) will work unless it is coordinated. It’s not just the U.S. It could also be the European Central Bank, Bank of Japan and The … Read more
CNN’s Chris Cuomo argued Monday night Antifa protesters are wrong to hit people, police, and reporters, “but fighting hate is right” and in a clash between hate and those who oppose it, “those who oppose it are on the side of right.” Cuomo said “all punches are not equal morally” when it comes to bigots. … Read more
US Nearly Broke Ties With Turkey, Ankara Disappointed With Washington’s Actions Relations between the US and Turkey have deteriorated of late for various reasons, including the detention of US pastor Andrew Brunson, the purchase of Russian-made weapons systems by Ankara and tariff issues. According to Turkish presidential spokesman İbrahim Kalın, Ankara has been deeply disappointed by Washington’s … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter A vicious cycle, kicked off by cheap debt that’s suddenly not cheap, after 8 years of experimental monetary policies. The dollar has risen nearly 2% since Thursday last week. Since April 17, when this move started, the dollar has surged over 8%, based on the WSJ Dollar Index, which tracks the … Read more
via TheDaily Reckoning When I say the fix is in for FXI that’s not meant to be mysterious. FXI is the ticker symbol for a U.S. exchange-traded fund (ETF) composed of the largest Chinese stocks. The phrase “the fix is in” simply refers to government-backed manipulation. When you combine the two into a government plan to … Read more
via CoverDrive Summary With Tesla’s Model 3 now in full production, the profitability narrative is in serious jeopardy and a why new narrative is needed. On Tuesday, The Saudi announcement of a $2B stake in TSLA gave Musk an irresistible opportunity to springboard on the momentum. With time running out in the game, Musk gambled with … Read more
via freebeacon: By all accounts Antifa is radical, anarchist, and avowedly pro-violence, to the extent that the Barack Obama FBI and Department of Homeland Security issued a warning calling them “anarchist extremists” and “domestic terrorists,” a warning that has since been vindicated by many, many, many, many, many, many violent protests. Why, two years later, are the national media still downplaying the criminal elements of so-called … Read more
At 2:53 minutes Ron Paul mentions how the same elements that took Alex Jones down wants to take them down . He also mentions how he has caught hell from google & Facebook over his content . Why Does Facebook Use NATO To Help Censor Users? http://www.ronpaulinstitute.org/archives/featured-articles/2018/august/13/why-does-facebook-use-nato-to-help-censor-users/ h/t SirGamiad
by Simon Black Let me say up front– I know I’ve been a bit quiet lately. It happens every year around this time when I hold the annual Liberty and Entrepreneurship Camp that I’ve been sponsoring for the past nine years. The event is incredible: I bring in top entrepreneurs and business executives, plus students from … Read more
https://www.youtube.com/watch?v=obudCwPDjJY Rapefugees won’t stop peeing on historic Parisian streets. The city’s solution: Open sidewalk urinals. Parisian leaders are trying to tackle a problem that is evident to anyone who’s ever tried to catch a glimpse of a historic site in a historic city and instead caught a foul-smelling whiff of stale urine. Meet the uritrottoir, a … Read more
The Department of Justice has just conducted a series of raids across Los Angeles and arrested 238 people in connection with a Hollywood pedophilia network. According to police, the arrests included some “major Hollywood players” as well as politicians, white-collar professionals, a monk, and other high-ranking clergy members. The raids were conducted by the Los … Read more
SECOND WOMAN Accuses Democrat Keith Ellison of Abuse — Police 911 Report Confirms Incident! Democrat leader and Rep. Keith Ellison with former lover Karen Monagan As reported on Sunday Rep. Keith Ellison’s former lover Karen Monahan hurled scurrilous accusations at the current Deputy Chairman of the Democrat Party. Karen’s son accused Democrat Party Deputy Chair … Read more
From Common Dreams: During a closed-door and off-the-record meeting last week, top Facebook executive Campbell Brown reportedly warned news publishers that refusal to cooperate with the tech behemoth’s efforts to “revitalize journalism” will leave media outlets dying “like in a hospice.” Reported first by The Australian under a headline which read “Work With Facebook or Die: Zuckerberg,” the social media … Read more
by Michael Snyder Is humanity approaching a major turning point? A computer model that was originally developed in 1973 by a group of scientists at MIT is warning that things are about to dramatically change. If the computer predictions are accurate, our standard of living will start to decline dramatically around the year 2020, and we … Read more
by Charles Hugh-Smith Nowadays, trade and “prosperity” are dependent on currencies that are created out of thin air via borrowing or printing. So here’s the story explaining why “free” trade and globalization create so much wonderful prosperity for all of us: I find a nation with cheap labor and no environmental laws anxious to give me … Read more
Technological innovations have greatly benefited financial transactions. For one, buying and selling can be processed through online channels without the need for face-to-face interaction — in 2017 alone, e-commerce sales hit a whopping 2.3 trillion US dollars. Travelling abroad has become easier too. With a credit card like Visa or Mastercard, foreign exchange transactions can … Read more
by John Rubino Marc Faber: Now is the time for bear market preparations … Gerald Celente: Currencies are crashing around the world … Mike Maloney: Trade war could become a shooting war … Alasdair Macleod: Valuing gold in a world awash with dollars … David McAlvany: Half a million bucks doesn’t mean anything anymore.
Venezuela is preparing to use the El Petro for all its oil transactions, this will bypass US sanctions. The credit impulse is still in the negative territory, the central banks have taken their foot off the gas pedal and we are coasting towards the collapse. The world does not have to wait for another reserve … Read more
h/t @StockBoardAsset Chinese sentiment shift: “People across the nation, including the entire bureaucratic elite, feel increasing uncertainty about the direction of the country and a deep sense of personal insecurity. Rising anxiety has spread into a degree of panic.” https://www.bloomberg.com/news/articles/2018-08-07/is-xi-jinping-s-bold-china-power-grab-starting-to-backfire This week is showing us once again exogenous forces can spill into other markets. … Read more
