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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
A TSA agent convicted of stealing more than $800,000 worth of goods from travelers said this type of theft is “commonplace” among airport security. Almost 400 TSA officers have been fired for stealing from passengers since 2003. Pythias Brown, a former Transportation Security Administration officer at Newark Liberty International Airport, spent four years stealing everything … Read more
America’s rich are moving to the coasts as the poor go inland America’s wealthy households are increasingly moving to coastal cities on both sides of the country, but those with more modest incomes are either relocating to or being pushed into the nation’s Rust Belt, according to a new study. That’s creating “income sorting” across the … Read more
Around the country, home prices near major metros have jumped significantly in the last few years, making the areas unaffordable for many — and pushing long-time local residents to sell and cash in on the run-up in valuations. In Marin County, California, home prices have risen more than 9 percent in the last year, according to Zillow. Mark Pasternak … Read more
by Alexander Trigaux, Editor, GoldSilver Not only is the new real estate hyper-bubble here, but signs abound that it is popping right now: Housing demand sees biggest drop in more than 2 years Housing market has hit a ‘significant slowdown’ in recent weeks Mortgage rates climb as housing market loses its mojo Mike Maloney explains … Read more
By Jon Rappoport ANY person who exits an “officially designated victim-group”…and then succeeds in life on his own…and then goes one step further and refuses to identify his entire existence with his former group…but instead stands as a unique individual…why, that person, at the very least, must be a criminal, if not a terrorist, right? … Read more
by Martin Armstrong COMMENT: I enjoyed your article on gold and how trends change with the generations. I find it very true that my children looked at me with my silver bars and just asked so what can you really do with it? I have watched the youtube video when people choose the chocolate bar over … Read more
by Martin Armstrong Many people worry about over-indebtedness and point to a default of borrowers. It is interesting how the view of debt is always the low-life borrower. In reality, the real stupidity rests with the lender. Many are pointing to US corporate debt and stating that it has grown to an estimated US $ 7 … Read more
