GOOD QUESTION: “How come socialists never seem to start out from a successful socialist background?”

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Q: How come socialists never seem to start out from a successful socialist background? https://t.co/ltjPfHuApe — David Webb (@davidwebbshow) July 2, 2018 HMM: Nicaragua’s bloodshed is worse than Venezuela’s. Where’s the international uproar? When there are so many leftwing brutes to choose from, it’s inevitable that some will get more attention than others.   SCENES FROM … Read more

Man arrested for starting Colorado wildfire, will be turned over to ICE

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by DCG From Yahoo: TAOS, New Mexico (Reuters) – A man was arrested on Saturday on charges of starting a forest fire in Colorado that has destroyed structures and forced hundreds to evacuate their homes in one of dozens of wildfires raging across the drought-hit U.S. southwest. Jesper Joergensen, 52, was taken into custody for suspected arson that … Read more

New York Times Writes That Liberals Are Turning Against The First Amendment Because Free Speech Shouldn’t Apply To Conservatives

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by Geoffrey Grider Law professor Catherine A. MacKinnon writes that “Once a defense of the powerless, the First Amendment over the last hundred years has mainly become a weapon of the powerful.” Oh really? Someone once said that ‘Liberalism is a mental disorder’, and the longer I live in America and watch the actions of the … Read more

The highs are in and while the initial sell-off shouldn’t be too rapid, the next big target is 2200….

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Our model for the S&P has caught all the major cycles since 2000. What it suggests now is that following the recent bounce towards in the S&P towards 2800, the highs are in and while the initial sell-off shouldn't be too rapid, the next big target is 2200. pic.twitter.com/wqnJdTJRyM — Julian Brigden (@JulianMI2) July 2, … Read more

Why is the current U.S. household wealth bubble far larger than it was during the prior two bubbles (Dot-com and housing)?

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Why U.S. Household Wealth Is In A Bubble – Part 1 Since the financial crisis in early-2009, household wealth has surged by nearly $46 trillion or 83 percent to a record $100.8 trillion. As the chart below shows, the powerful increase in household wealth (blue line) has far exceeded the growth of the underlying economy, as measured … Read more

BOMBSHELL: Obama administration granted citizenship to 2,500 Iranians during nuclear deal: Iran official

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The Obama administration granted citizenship to 2,500 Iranians, including family members of government officials, while negotiating the Iran nuclear deal, a senior cleric and member of parliament has claimed. Hojjat al-Islam Mojtaba Zolnour, who is chairman of Iran’s parliamentary nuclear committee and a member of its national security and foreign affairs committee, made the allegations … Read more

Maxine Waters attacks Pelosi & Schumer as self-serving, says they “will do anything” to protect their power.

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Democrats are eating their own. https://twitter.com/RealSaavedra/status/1013506609153265664 GOD’S ARMY‏ @Brenda06135 14h14 hours ago More Replying to @RealSaavedra @RepMaxineWaters you have been in the US congress for more than 26 years. What infrastructure bills have you gotten passed during that period? What have you done about housing shortages or poor housing conditions during that period? In fact, what have you … Read more

Armstrong: Decline Technicals

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by Dave Armstrong suggests that it is a natural feature of markets that if a decline is severe enough, the market will take a long time to recover.  The more severe and rapid the decline, the longer it will take to bounce back. I do think crypto is a “faster” market than normal (probably resulting … Read more

Google, Microsoft, Oracle et al. Gang Up on Amazon for $10Bn Pentagon Prize

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Wolf here: Amazon is a mega-force in online retail. The “Amazon effect” is everywhere. But even for Amazon (AMZN), it’s hard to make money on its online retail operations. Amazon, through its division AWS, also owns a big part of the internet “cloud.” And that’s where the money is. The article below is about Amazon’s potential … Read more

Update on Deflating Property Bubbles in Sydney & Melbourne

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Recent home buyers could be facing negative equity”: CoreLogic. In Sydney, Australia’s largest property market and Petri dish for one of the world’s biggest housing bubbles, home prices fell 4.6% in June compared to a year ago, with house prices down 6.2%, and prices of condos (“units” as they’re called) down … Read more

Keynesian Economics Is an Artifact of Cheap Energy

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by Charles Hugh-Smith Printing / borrowing money to generate the unsustainable illusion of “growth” sets up the collapse of the entire Keynesian edifice. Of the many delusions of modern economics, perhaps the greatest is that the dominant Keynesian model reflects permanent dynamics of advanced economies. Economics, along with other social sciences, makes an implicit claim that … Read more

New #QAnon Avalanche: Deliriously Delicious Drops Detailing Dirt, Drama and Data of #DS Devolution

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https://www.youtube.com/watch?v=M_rdj9zj8zY #QAnon. Here. Follow. It’s our Bletchley Park, thecentral site for British (and subsequently, Allied) codebreakers during World War II. It housed the Government Code and Cypher School (GC&CS), which regularly penetrated the secret communications of the Axis Powers – most importantly the German Enigma and Lorenz ciphers. According to the official historian of British … Read more