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BY JOHN MAULDIN The official, on-the-books federal debt is currently about $21.2 trillion, according to the US National Debt Clock. $21.2T is the face amount of all outstanding Treasury paper, including so-called “internal” debt. This is about 105% of GDP and it’s only the federal government. If you add in state and local debt, that adds another $3.1 trillion … Read more
by Thinker Jason Goodman brings us this jaw-dropping lecture by former CIA Counterintelligence Officer, Kevin Shipp, which I have set to the midpoint, when he begins to talk specifically about this incredible phenomenon that we’ve all been witnessing, of the soft coup by the shadow government and the intelligence agencies against a sitting president of … Read more
Blame Russian bots! Using two websites, created after the 2016 election, one by a group of NeverTrumpers and another by a liberal Hillary Clinton supporter who has an extreme hatred and bias against anything “Russia” related, Arc Digital Media declared the #WalkAway movement was a “deceptive propaganda campaign,” being pushed by Pro-Trump and Russian-linked Twitter … Read more
by Martin Armstrong QUESTION: Mr. Armstrong, I thought you would be wrong on the pound. I will yield to your forecasts. I do not know how you do it forecasting so many things around the world and getting them right no less. Reading between the lines who have written, on the one hand, you have said … Read more
by Dr. Eowyn You may have seen reports of millionaires fleeing California because of tax increases on the wealthy. An example is an article by Steve Straub in The Federalist on July 6, 2018, in which Straub claims a direct cause-and-effect relationship between Prop. 30 and millionaires leaving the state: According to new research released by Charles Varner, associate … Read more
https://www.youtube.com/watch?v=xjwZ3kjfIUk Twitter is cracking down on accounts deemed to be fake and in the months of May and June, the company reportedly deleted some 70 million users from its site. That’s equal to roughly 20% of the site’s monthly tweeters. The move came following pressure from lawmakers on capitol hill who charge that so-called russia-linked … Read more
They said it should become a hurricane today. http://ussanews.com/News1/2018/07/09/dml-tv-tropical-storm-chris-gaining-strength-in-the-atlantic/ h/t Jwnlwplus4
planning to shift all Argentine debt to US dollar-denominations Roit-erz: “Argentina next week will issue dollar-denominated, 210- and 378-day Treasury notes and dual-currency bonds, the Finance Ministry said on Friday, without confirming the amount the sale seeks to raise. The South American nation will auction the instruments between Tuesday and Wednesday, and will provide further … Read more
From Frank Holmes at Frank Talk: Satori is a distributed, decentralized AI “mesh.” That probably doesn’t mean anything to you right now, but Gabe believes it could change the world in a number of ways. In short, Satori aims to aggregate the world’s public information feeds – from Twitter to weather sensors – and distribute them in … Read more
by howmuch We all know it costs money to make money, but is there a direct correlation between income and overall personal wealth? If there is, we would expect to see the relationship in our new visualization comparing accumulated wealth and disposable income at the household level across the OECD. We got our numbers directly from … Read more
The Universal Basic Income program will be tested in impoverished Stockton, California with some heavy backing from nearby wealthy Silicon Valley A $500-a-month stipend will be given to 100 residents for 18-months The money comes with no strings attached with the program aiming to see how raising the income floor will change people’s financial situation … Read more
Leveraged-Loan Risks Are Piling Up Rising interest rates have a peculiar effect. US junk-bond issuance in June plunged 31% from a year ago to just $14.5 billion, the lowest of any June in five years, according to LCD of S&P Global Market Intelligence. During the first half of the year, junk bond issuance dropped 23% from a … Read more
In this edition of Probable Cause Newsbud’s founder and editor Sibel Edmonds is joined by Spiro Skouras, as Edmonds reveals information obtained by multiple insider sources about a secret deal that was made to remove Iran’s current government by force! You will not hear this anywhere else! Stay tuned for related coverage exclusively for members … Read more
via Forbe: All politics aside, many economists are predicting a recession coming down the pipeline. What could that mean for people who live with large amounts of debt hanging over their heads, like mortgage debt? It could mean that homeowners will get creative to cover their expenses, and real estate innovators are already working to … Read more
3+ Hours of Insights on Stocks, Bonds, Bitcoin/Cryptos, Real Estate, the Dollar, Precious Metals… and Much More It’s been months in the making. And now it’s here! Mike has spent countless hours and late nights researching and compiling the best possible presentation to get you up-to-speed on the coming shift in the markets. You’ll be … Read more
Global Slowdown Becoming Evident Credit card interest rates are flying higher…. 2nd highest level since May 2001… Total revolving credit – new record high. In the words of Bob Dylan: The personal interest payments they are a’ rising I sense a difference in Powell's Fed. He seems unafraid of potential fin mkt declines, does not … Read more
This has the potential for a lot of growth It has around 600 million users, although only about 15 million of them are paying subscribers. Sounds similar to developed countries 10 years ago where piracy was big but eventually people are prepared to pay a little for legit music and easy access they will do … Read more
He doesn’t know what it’s like to do the job you’re hired to do. AC
James covers, not only the floods in Japan, but the slow escalation in the Chinese military. China boosted their military spending several months ago and more recently have even been issuing debt similar to the US’s quantitative easing, all awhile a trade in our midst…. Oh, forgot, and also trading oil in Yuan. Kit
by John Coumarianos Imagine two portfolios, A and B, worth $100 each. In the first time period, portfolio A gains 90% and Portfolio B loses 90%. So A is worth $190 and B is worth $10. Then, in the second period, Portfolio A loses 50% and Portfolio B gains 50%. So at the end of … Read more