On this day, 242 years ago in Philadelphia, 56 politicians with guts voted in favor of their own death warrant.

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By June 1776, the British had taken over Boston, attempted to confiscate the arms of the local militias (leading to Paul Revere’s Ride and the Battles of Lexington and Concord). After their defeats at Lexington & Concord, the British determined to pacify Boston by force at the Battle of Bunker Hill. While the British prevailed, … Read more

Why Are Investors Pulling Money Out Of Global Stock Funds At The Fastest Pace Since The Last Financial Crisis?

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by Michael Snyder We haven’t seen anything like this since the financial crisis of 2008.  Investors are taking money out of global stock funds at a pace that we haven’t seen in 10 years, and many believe that this is a harbinger of tough times ahead.  Global stocks lost about 10 trillion dollars in value during the … Read more

The New Cold War: Russia, China And The United States Are Feverishly Preparing For Nuclear Conflict

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by Michael Snyder While most of the world is focused on the World Cup and other trivial pursuits, the three global superpowers are busy jockeying for nuclear superiority.  Historians will debate the extent to which the first Cold War ever really ended, but everyone pretty much agrees that a new Cold War has now begun.  … Read more

Democrats Are The Only Group Left That Believes The Mainstream Media

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In what looks like a validation of the growing public expressions of anger directed at members of the media, a new Axios poll found that nearly all (a staggering 92%) of Republicans and Republican-leaning independents believe that mainstream media organizations knowingly report false or misleading stories, at least occasionally. And while Democrats proved to be … Read more

US Dollar Hegemony Tripped Up by Chinese Renminbi?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Um, no. Central banks not enthusiastic about the renminbi. Global central banks are not dumping US-dollar-denominated assets from their foreign exchange reserves. They’re not dumping euro-denominated assets either. And they remain leery of the Chinese renminbi – despite China’s place as the second largest economy in the world and despite all … Read more

Rob Kirby – Fed Waterboarding Deutsche Bank

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Macroeconomic analyst Rob Kirby says there is a lot you are not seeing with all the bad news coming from Deutsche Bank (DB). You’ve seen DB stock hit all-time lows, the Fed downgrading them and flunking the bank on a recent stress test. Rob Kirby says it’s much worse than you think and explains, “Basically, it … Read more

President Trump Brings Black Man to Tears!

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by Thinker Henry Davis is brought to tears talking about the newest president of the United States, Donald Trump who is making great strides to “Make America Great Again” and has Davis said in his video, there are more jobs in America than every before. One only needs to get off their ass and go … Read more

This chart should scare you

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From ZeroHedge: For the 29th month in a row, Americans’ annual spending grew faster than their incomes as the “no consequences” new normal rolls on, leaving the savings rate languishing near record lows – even if it did very modestly uptick in May. . . . As a reminder, the vast gap between extreme high confidence and … Read more

Third-Longest DOW Trading Streak Hits the Wall After 728 Days – What Lies Ahead?

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From Birch Gold Group When a ship is trapped in thick fog near a shoreline, it relies on a lighthouse to ensure it doesn’t hit any rocks. The Administration seems like it’s ignoring the economic-“lighthouse.” Instead, they’re heading towards dangerous “rocks” while losing momentum that would allow them to steer away. The result might give the … Read more