Illinois Pension Bomb about to hit -200 billion and counting. State near total collapse

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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

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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

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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?

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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

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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

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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

Cryptocurrencies Vulnerable to Hackers?

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by Martin Armstrong QUESTION: It certainly seems that the cryptocurrency world has its flaws and may even be worse than traditional bank accounts and credit cards. They keep getting hacked. So they are trying to defeat central banks but may be running into the arms of scammers and thieves. I read one guy even claimed Bitcoin … Read more

Beware ‘Apocalypse Dow’ — Bank Of America Reveals The 5 Reasons It’s Bracing For A Market Meltdown

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via BI  Warnings across Wall Street that global markets have entered the final stage of their cycle have been gathering steam in recent weeks. The chief investment strategist at Bank of America Merrill Lynch is the latest to weigh in, sharing five reasons he’s now bearish on risk assets. All good things must come to … Read more

Asset Prices Divorced From Economic Reality More Than Ever

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Via Global Macro Monitor, You would never know it listening to the market cheerleaders but asset prices, both real and financial, are, once again, at extreme valuation levels relative to the trend economy.  The valuation reality coupled with the prevailing, but false, “don’t worry” market narrative sets us up for another major financial crisis. A … Read more

Inequality Crisis: UN Warns 40m In Poverty, U.S. Most Unequal Developed Nation

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by stockboardasset A new report by the U.N. Special Rapporteur on extreme poverty and human rights in the United States finds about 40 million live in poverty, 18.5 million in extreme poverty, and 5.3 million live in Third World conditions. The 20-page report by Philip Alston, U.N. Special Rapporteur on extreme poverty, warned the U.S. has one of … Read more

CNN & CNBC Agree: Trump’s Popularity Still Rising Despite Recent Attacks

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CNN & CNBC Agree: Trump’s Popularity Still Rising Despite Recent Attacks CNBC: “Family separation policy fails to dent Trump’s rising popularity” View post on imgur.com President Donald Trump’s “zero tolerance” immigration policy, which dominated the news cycle last week and resulted in more than 2,000 children being separated from their families near the southern border, … Read more

Physical Gold Is Moving Steadily From West to East

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by Jesse Physical gold is moving from West to East. New York has become a highly leveraged, largely ‘paper trading’ market, whereas ‘the New Silk Road’ is the center of physical gold accumulation. This may resolve via a major short squeeze on paper claims unable to be fulfilled by physical gold at anywhere near today’s … Read more

Is The Government Using Spy Hubs In 8 AT&T Buildings Across The Country To Intercept Our Emails, Phone Calls And Text Messages?

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by Michael Snyder It is supposed to be illegal for the NSA to spy on communications that are completely domestic, but that appears to be precisely what is happening. According to a brand new report from Ryan Gallagher and Henrik Moltke of the Intercept, NSA documents indicate that the NSA is systematically capturing our emails, our phone … Read more

Dead Animal Left On Home Doorstep Of DHS Agent

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by SP A decapitated and burned animal carcass was found on the porch of a Department of Homeland Security (DHS) staffer, the latest in a spate of threats tied to President Trump’s immigration policy, according to WTOP/ABC. Around two dozen incidents have been reported against government employees issued in the past few days – primarily against Immigration and Customs … Read more

Breaking News – James Comey Orders ‘Stand Down’ On Assange Immunity Deal – Assange Was To Reveal True Source Of DNC Leaks In Early Days Of Trump Presidency.

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by Ruby Henley This is a breaking news story, and it is shocking to say the least.  It was broken by The Hill’s contributor, John Solomon. In March of 2017, a ‘behind the scenes’ deal to negotiate with Julian Assange was in the works.  It was essentially brokered to persuade Assange to the redaction of … Read more