The FAANGs Will Crash

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by Bill Bonner YOUGHAL, IRELAND – Poor Mark Zuckerberg. Rumor has it that he is some sort of advanced robot, “reptilian,” or alien. “Lord Zuck,” the kids call him. Lord Zuck Yesterday, his company lost $151 billion in stock market value. The stock fell 20% after hours. Today, if after-hours trading trends continue, Facebook will suffer … Read more

Washington Post-CIA connections: back to basics

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by Jon Rappoport There are now hundreds of supposed “facts” which prove Russia influenced the 2016 US election. I thought I’d go back to a few basics… “The CIA says” is never a great way to start a sentence. But that’s one basis of the charge that Russia “hacked” the US presidential election. Members of … Read more

Mark Cuban on dangers of A.I.: If you don’t think Terminator is coming, ‘you’re crazy’

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via CNBC: Billionaire entrepreneur, star of ABC reality show “Shark Tank” and owner of the Dallas Mavericks basketball team Mark Cuban is certain that a version of the Terminator is coming. Speaking to an audience of conservative high school students at the High School Leadership Summit Turning Point USA event in Washington D.C. Tuesday, Cuban laid down several serious … Read more

Local authorities failed to notify ICE of illegal alien’s past crimes; man shoots Florida officer in the head

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by DCG From Fox News: The Haitian national accused of shooting a Florida cop in the head Saturday has had an immigration detainer filed against him, officials said Wednesday, ending nearly a decade during which authorities arrested Wisner Desmaret numerous times but didn’t inform immigration officials about him. The U.S. Immigration and Customs Enforcement Agency told Fox News … Read more

San Francisco wants to ban employee cafeterias to FORCE everyone to “eat lunch with the rest of us”

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A proposal introduced Tuesday to ban employee cafeterias in future San Francisco office buildings represents more than an effort to boost the city’s restaurant scene, backers say. “People will have to go out and (eat) lunch with the rest of us,” Aaron Peskin, a San Francisco supervisor who co-sponsored the proposal, told The San Francisco Examiner. “This … Read more

What’s with all the salmonella? Honey Smacks, Ritz, & Goldfish Crackers

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What the hek is with all the latest salmonella recalls? “Salmonella infection usually occurs when a person eats food contaminated with the feces of animals or humans carrying the bacteria.” July 12th Salmonella cases linked to recalled Honey Smacks cereal reach 100 https://fox2now.com/2018/07/12/salmonella-cases-linked-to-recalled-honey-smacks-cereal-reach-100/ Ritz & Pepperidge Farm recalled their crackers due to possible salmonella from … Read more

We are witnessing an information awakening and are in the middle of an information war…. Social media utilities have made the MSM obsolete…

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via GLP: MSM are in panic. They know their days are numbered. More and more people have turned to the internet and social media outlets to educate themselves and are no longer allowing MSM to spoon feed them propaganda. Corporate dollars influence reporting (Monsanto): CIA accesses the media (Operation Mockingbird): Did you know that when … Read more

CLASSY ACTION: Facebook Lawsuits Loom — Tens of BILLIONS on the Line.

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via pjmedia: Facebook stocks plunged precipitously on Thursday after the company’s earnings report showed they missed expectations on revenue and that the social media platform’s monthly users are down significantly. All of this comes in the wake of ongoing scandals, including charges of data misuse and anti-conservative bias. “During a conference call Wednesday, Facebook Chief Financial Officer David … Read more

Hussman: Current S&P Price-to-Revenue of 2.4 Higher Than “Offensively Extreme” 2.2 in 2000

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via John P. Hussman: I’ve often described what I call the Iron Law of Valuation: the higher the price investors pay for a given set of expected future cash flows, the lower the long-term investment returns they should expect. As a result, it’s precisely when past investment returns look most glorious that future investment returns are … Read more

Pension Promises From Wal St Managers

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https://www.youtube.com/watch?v=RbtTqdVwjVc In this episode of the Keiser Report, Max and Stacy discuss how deindustrialization and financialization have destroyed the economic viability of communities across America. The latest study from YahooFinance finds that state pension fund managers have blown over $600 billion of taxpayer funds on overpriced, underperforming hedge fund managers in the past decade alone. … Read more

Get Ready for a Big, Fat, Juicy, Debt-Driven Q2 GDP Growth Number

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by Lance Roberts Tomorrow, the US Department of Commerce will report its advance estimate of 2Q GDP which will be the long-awaited evidence that “Trumponomics” is working. The current estimates for the initial print run the gamut from 3.9% to over 5% annualized growth. Regardless of the actual number, the White House spokesman will be quick to take … Read more

Mish: When Everyone Is Shorting Gold

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by SP Mish posts and ZH picks up his assessment and adds a few charts. From the WSJ: Investors are placing a record number of bets that a protracted slump in gold prices will continue as the metal is punished by a strengthening U.S. dollar and rising interest rates. Hedge Funds are holding overwhelming short positions in … Read more

GM, Fiat Chrysler, and Ford all got ugly in unison, in one day, something we haven’t seen since the Financial Crisis.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Suddenly it gets ugly – but these are still the good times. It’s confession time among the Detroit automakers: GM, Fiat Chrysler, and Ford all got ugly, in unison, in one day, something we haven’t seen since the Financial Crisis. Back at the end of May, GM shares (GM) were trading … Read more