2000 vs 2018 Tech Bubble – Over 80% Of IPOs In 2017 Had Negative Earnings, Some Of Them Are Just One Breath Away From Bankruptcy, Sky-High Valuations Everywhere…

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The bubble popping in 2000 (it was not 2001) was a lot like an avalanche. It wasn’t clear exactly which snowflake was the one that put it over the tipping point, but once confidence was lost, it went very quickly. The closest thing to a catalyst was an article written by Barron’s in March, 2000, called “Burning … Read more

SUSTAINABILITY: In 16 years, Social Security will have to cut benefits by 21% if lawmakers do nothing to cure the program’s long-term funding shortfall.

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via CNN: That’s what the Social Security and Medicare trustees projected in their 2018 annual report released Tuesday. The trustees estimate that by 2034 the combined trust funds for Social Security — which help fund the old age and disability programs — will run dry. At that point Social Security will be able to pay … Read more

Tesla Shareholder Meeting Notes

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by quantumdwayne https://www.tesla.com/shareholdermeeting?redirect=no Model 3 is now the best selling premium medium-size sedan in the US. Screenshot from the live stream: https://i.imgur.com/S3bkx31.png Model 3 SR low volume production by the end of this year. 5,000/week by the end of this month looks very likely. Supercharger V3 will be quite an improvement. Announcement later this year. Tesla’s … Read more

Apple locking out Facebook

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Apple has reported they they will start blocking Facebook’s web-tracking tools. Last time I check about 25% of cellphones and presumably Facebook users use an iPhone. With Google being in competition with Facebook and Apple, it doesn’t seem that far fetched for Google to do the same with Android. Seems like this could have noticeable … Read more

Bank is offering $400 to open an account.

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KeyBank “The gift will be reported on Form 1099-INT.” Get $4001 Open a qualifying checking account by 7/6/2018. Make a single KeyBank deposit of $500 or more within 60 days after account opening to get $400. Use offer code RETL0518 with your reservation number, when prompted.     AC

German Court Rules Govt Can Intercept Communications Without Just Cause

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by Martin Armstrong Federal Administrative Court in Leipzig ruled last week that the Federal Intelligence Service (BND) may continue to access data at the world’s largest Internet node in Frankfurt am Main without just cause. In the ruling, the court dismissed an action brought against this practice by the operating company and the government demanded they … Read more

When They Shall Say “Peace And Safety”: Polls Show Americans Are The Most Optimistic They Have Been In A Very Long Time

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by Michael Snyder  By a very wide margin, this is the most optimistic that Americans have been about the future since I started The Economic Collapse Blog in late 2009.  Even though the middle class is shrinking, 102 million working age Americans do not have a job, and we are now 21 trillion dollars in debt, most people are feeling really … Read more

Joe diGenova: Obama Knew About Spygate

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by Thinker Joe diGenova on The Laura Ingraham Show (5/29/2018) – Order your “America First” t-shirt Federal Judge Released 1.2 Million Documents Obama-Clinton Deep State Scandals JUST EXPOSE Federal Judge released 1.2 Million documents Obama-Clinton deep state scandals just exposed. Former Secretary of State Hillary Clinton’s corr.upt.ion and cri.me syndicate start to heat up and … Read more

CHANGE: Voters Think Young Blacks Doing Better Under Trump Than Obama.

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Voters feel young black Americans are better off under President Trump than they were under Barack Obama, the nation’s first black president. The latest Rasmussen Reports national telephone and online survey shows that 32% of Likely U.S. Voters believe life for young black Americans has gotten better since Trump’s election. Slightly more (36%) say life … Read more

Today is the 74th anniversary of D-Day.

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74 years ago today the combined might of the Allied powers stormed the Atlantic Wall and began the liberation of western Europe from the Nazis. THE EXTRAORDINARY bravery of our D-Day heroes is is brought vividly to life in these astonishing retouched photos on the 74th anniversary of the landings. Some 156,000 Allied troops landed … Read more