Update on the Fed’s QE Unwind

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Just as the Fed created money to buy Treasuries and MBS during QE, it now destroys money as these securities “roll off” the balance sheet. It took the Fed five-and-a-half years to amass $3.4 trillion in Treasury securities and mortgage-backed securities (MBS) during QE, including the year 2014 when it was … Read more

Illinois demorats propose national firearms licensing system

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by DCG Press release from representative Bobby Rush, dated June 6: “Today, U.S. Representative Bobby L. Rush (D-Ill.) and U.S. Senator Tammy Duckworth (D-Ill.) introduced the Blair Holt Firearm Licensing and Record of Sale Act of 2018.  This legislation would prohibit unlicensed gun-ownership and transferring or receiving firearms without a valid firearms license, as well as direct the Attorney General to … Read more

Vice president of the german parliament disturbs and calls off minute of silence for latest victim of migrant murder

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German party AfD (our only party with an agenda critical of migrants) wanted to held a minute of silence for rape and murder victim Susanna F. She was 14 years old. Susanna was raped and tortured over several hours and then murdered (probably strangulated) by Iraqi migrant Ali Bashar on May 23. After the murder … Read more

House-Rich, Cash-Poor & Driving Nice Cars

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Here is today’s articles mentioned in this news update: 1. America is house-rich but cash-poor. These businesses see opportunity. https://www.marketwatch.com/story/ame… 2. U.S. Monthly Auto Payments Reach Record High in First Quarter https://www.bloomberg.com/news/articl… 3. Millions of Americans are counting on family money to be financially stable https://www.marketwatch.com/story/mil…

Conspiracy Theory About Walmart Now A Proven FACT: U.S. Senator Denied Access…

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For More Information See: I was barred entry. Asked repeatedly to speak to a supervisor—he finally came out and said he can’t tell us anything. Police were called on us. Children should never be ripped from their families & held in secretive detention centers. RT if you agree this is WRONG. pic.twitter.com/GVCuXNjR8d — Senator Jeff … Read more

The Politics of Pretense: The Status Quo Is the Problem, But It Can’t Be Touched

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by Charles Hugh-Smith Ultimately, all doomed ruling elites face the same problem: there isn’t enough money to fund their take and fuel the vast machinery of power. The politics of the U.S. boils down to one sustained pretense: politicians win votes by promising to fix problems that are the direct result of our bloated, corrupt, unsustainable … Read more

Risk Assets, Forced Steadily Higher for a Decade, Now Left to Fall

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via Daily Reckoning: Global governments have been forcing investors into the stock market ever since the Great Recession. In the most insulting examples, returns on the supposedly safest investments, government-backed bonds, literally offered a negative rate of nominal return in Japan, Germany, and Sweden. Not that there’s a whole lot of difference between earning -0.25% … Read more

Sessions Is Either Asleep At The Wheel – Or He’s Playing Everyone

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by Jon Hall, Free Market Shooter Over the past year, President Trump has directly blasted his Attorney General, Jeff Sessions, on Twitter. The reoccurring theme regarding Trump’s criticisms is the lackadaisical nature of Sessions, who seems more content on focusing on the war on drugs over prosecuting the storied and historic corruption that took place under the Obama administration. Dating all … Read more

President Trump confirms intent to sign states’ rights cannabis bill that was introduced in Congress yesterday

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This is huge. It seems like plenty of people were willing to send this country down river in exchange for legal cannabis. If Trump signs this, he paves the way for nationwide legalization/decriminalization, which could be a monster Trump card (all puns intended and included) to play right in time for the 2020 election. Cannabis legalization is … Read more

18 Times The Fed Has Gone Through A Rate Hiking Cycle, And 18 Times It Has Caused A Huge Stock Market Decline And/Or A Recession

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by Michael Snyder  Since 1913, the Federal Reserve has engaged in 18 distinct interest rate hiking campaigns, and in every single one of those instances the end result was a large stock market decline, a recession, or both.  Now we are in the 19th rate tightening cycle since 1913, but many of the experts are insisting … Read more