Harley-Davidson loses $670 million following announcement it will move operations overseas.
Don’t mess with the American people AC
The State Pension Model Isn’t Working
BY JOHN MAULDIN Last September, I issued a rather dire Pension Storm Warning. I said that I expect more cities to go bankrupt, as Detroit did. Not because they want to, but because they have no choice. You can’t get blood from a rock, which is what will be left after the top taxpayers move away and … Read more
Gold and Silver: A Rarer Than Once-in-a-Lifetime Opportunity
via Ron Paul: When examining our current fiat currency conundrum, it’s easy to get bogged down in historical “What ifs.” What if we never went off the gold standard? What if the Fed were never created in the first place? What if the federal government wasn’t allowed to treat debt ceilings and government shutdowns with … Read more
47% of Americans say their savings can’t cover 3 months expenses
I honestly think this percentage is way too low considering that there have been multiple studies that show that more than half of Americans couldn’t even come up with $400-$1000 in the case of an emergency. If that’s the case then I don’t see how the percentage of people that don’t have 3 months worth … Read more
Treat paying off debt like earning a raise.
by OnwardKnight I have been talking to a good friend about this idea for a while and he just doesn’t seem to get it and I don’t know why. I really want to help motivate him towards attaining the life he wants for himself and his family. To me, the amount of student loans my … Read more
Chart: Small Caps Vs Large Caps PE10 Valuations
via Callum Thomas Starting the week off with a long term look at the small end of the market, this chart shows the PE10 Valuation metric (price vs trailing 10 year average earnings) for the S&P600 (small cap stocks) vs the S&P100 (large cap stocks). The chart comes from the latest weekly report where we … Read more
Honestly, the amount of stupid things leftists do blows my mind.
Lie, cheat, and steal is all they know Oklahoma Democrat caught removing congressional opponent’s campaign signs ahead of primary An Oklahoma congressional candidate has apologized after he was caught taking his opponent’s campaign signs from a street corner — just before the state’s primary election. Tom Guild, who bills himself as a progressive Democrat vying … Read more
USAF Selects Ellsworth AFB’s Supersonic Bomber Fleet To Test Anti-Ship Stealth Missile
by stockboardasset Air Force Global Strike Command (AFGSC) authorized Ellsworth Air Force Base (AFB), a United States Air Force base located about 10 miles northeast of Rapid City, South Dakota, to test the AGM-158C Long Range Anti-Ship Missile (LRASM), according to an AFGSC memo released June 12. A Long Range Anti-Ship Missile (LRASM) launches from an Air Force … Read more
Flashback 2014 AG Eric Holder “You Don’t Want To Go There, Buddy” to Congressman!
by Thinker It would seem that the Attorney General’s office has had quite a history of not wanting to hand over documents to congress or committees when asked. Like Obama had said, “The only people who don’t want to tell the truth, are people with something to hide” To many things in documents that tell … Read more
The Financial System Will Implode! China and Eurozone MASSIVE RISK Taking!
Why is China reducing their reserve ratios and making it easier for people to get loans? The financial system is not strong. Don’t believe the mainstream media. It has been supported by trillions and trillions of dollars printed and barely having any effect. Without this crutch to the markets, they would fall very rapidly. Over … Read more
Investors Are Fleeing The Financials At The Highest Rate In Years
via @GinaVSanchez Financial stocks have been a bit of a puzzle. Investors may think that with a central bank on a firm tightening path, industry deregulation efforts in play and high expectations for banks’ growth heading into this year, financial firms would be thriving. But they’re badly lagging the market, and fund flows paint an ugly … Read more
Librarian group is using political correctness to kill a classic
From the New York Post: Get this: The American Library Association, which claims to champion intellectual freedom, is now downgrading a key author of a major piece of Americana and stripping Laura Ingalls Wilder’s name from a children’s literature award named for her. The group decided it will no longer judge her series, “Little House on the … Read more
GET WOKE, GO BROKE: Kathleen Kennedy Almost Fired as Head of Lucasfilm… But…
via ace.mu.nu: One point she alludes to, which she made before: She thinks that Star Wars never appealed to Kathleen Kennedy. Kathleen Kennedy didn’t like the franchise, because it was, indeed, a boys’ adventure franchise. Instead of making a boys’ adventure franchise she didn’t get and didn’t like, she made it into something she couldlike: a girls’ … Read more
Trump wins TRAVEL BAN
The ruling concerned the third version of President Trump’s travel restriction, which was challenged on the grounds that it amounted to a “Muslim ban.” In the 5-4 opinion written by Chief Justice John Roberts, the court finds that Trump’s travel restriction fell “squarely” within the president’s authority. “The [order] is expressly premised on legitimate purposes: … Read more
Illinois Pension Bomb about to hit -200 billion and counting. State near total collapse
via Zerohedge: We’ve written quite a bit over the past couple of months about the pending financial crisis in Illinois which will inevitability result in the state’s debt being downgraded to “junk” at some point in the near future (here is our latest from just this morning: “From Horrific To Catastrophic”: Court Ruling Sends Illinois Into … Read more
Keith Weiner: Social Security CANNOT Go On Paying As It Has Promised
by Keith Weiner of Monetary Metals Last week, we discussed Social Security, a Ponzi scheme that is inevitably approaching its default. That leads us to another point in our broader discussion of capital destruction. Let’s illustrate with an example. The Fraudulent Promise Suppose Eric works for wages. He is 50 years old. His house is paid off, he … Read more
They Think A Civil War Is The Only Way They Can Win. They Are Wrong. They Won’t Win That Either
DO THE DEMOCRATS REALLY WANT A CIVIL WAR? BECAUSE THAT’S HOW THEY GET A CIVIL WAR: Democrats are just nuts trying to keep Trump off the 2020 ballot, but Trump could have fun with this. Democrats from 23 states are trying to keep Trump off the ballot unless he makes his tax return public. Here is the headline: “25 … Read more
In 3 Days, the Last Toys ‘R’ Us Stores Die. And PE Firms Behind it?
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter They Come Under “Intense Scrutiny” by the Pension Funds that Feed Them. But this too shall pass. For the past three mornings, Toys ‘R’ Us has tweeted the countdown of its demise: On Saturday: “Only 6 Days Left! #toysrusclosingsale” On Sunday: “Hurry! Only 5 Days Left! #toysrusclosingsale #toysrus #babiesrus #alwaysatrukid” And on Monday: “Hurry! … Read more
California Considers Creating ‘Fake News Advisory Group’ To Monitor Media
SACRAMENTO (CBS13) – California is considering creating a “fake news” advisory group in order to monitor information posted and spread on social media. Senate Bill 1424 would require the California Attorney General to create the advisory committee by April 1, 2019. It would need to consist of at least one person from the Department of … Read more
The Next American Civil War – Thank You Mueller
by Martin Armstrong The Mueller investigation is all about removing Trump from office, which has been cheered by CNN, New York Times, and The Washington Post among many others. They are intent on overturning the results of a Democratic election to ensure this is no longer a government of the people for the people. They … Read more