John Hussman epic: Hallmark of an Economic Ponzi Scheme

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Follow link for full blog and charts, my edit below. https://www.hussmanfunds.com/comment/mc180604/ Consider two economic systems. In one, consumers work for employers to produce products and services. The employees are paid wages and salaries, and business owners earn profits. They use much of that income to purchase the goods and services produced by the economy. They … Read more

Housing Bubbles in Sydney & Melbourne Deflate

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Buyers are not rushing to put their name on any contracts if they fear that a property might be overpriced.” In Sydney, home prices had jumped over 80% from the end of 2009 through the peak in September last year, after having dipped only 4.6% during the Global Financial Crisis, turning … Read more

The Department Of Homeland Security Plans To Compile A List Of All Bloggers, Journalists And “Social Media Influencers”

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by Michael Snyder Many were hoping that once Barack Obama was out of office we would see less of this Big Brother surveillance nonsense, but instead it seems to be getting even worse.  In fact, the Department of Homeland Security has just announced that it intends to compile a comprehensive list of hundreds of thousands … Read more

Earth’s Crust In Turmoil – All-Time Record 500 Earthquakes Hit The Big Island As Rivers Of Lava Pour Out Of Volcanoes In Hawaii And Guatemala

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by Michael Snyder  What is causing our planet to shake so violently all of a sudden?  Rivers of lava have been pouring out of the Kilauea Volcano in Hawaii for weeks, a massive eruption of Mount Merapi just a few days ago shot volcanic ash 38,000 feet into the air, and now rivers of lava are pouring out of … Read more

% of U.S. adults and teens saying they go online…

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by Jim Quinn You will find more infographics at Statista If you sometimes feel like you’re online pretty much nonstop, we have good news for you: you’re not alone. According to a recent Pew Research survey, 1 in 4 American adults say they’re online almost constantly, with another 43 percent claiming to go online several times per … Read more

Citizens Fight Back as City Fines & Arrests Them for Cracked Driveways, Improperly Stacked Firewood

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Via Free Thought Project Doraville, GA – A city has been named as a defendant in a lawsuit from residents who claim that they have received tickets and have even been threatened with arrest and sentenced to court-ordered probation for the crime of having a cracked driveway, chipped paint on their houses, and overgrown vegetation or improperly … Read more

Trade War Backfire

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by Chris I just found this on a  Reddit thread…seems legit: I work for a [midwest US] company that imports steel to make construction and mining equipment. We import our steel from Canada and the EU so starting yesterday the price of all our raw material went up 25%. The purpose of the tariffs is … Read more

One Of These Lines Is Not Like The Others

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https://twitter.com/OccupyWisdom/status/1003255494784544768 Talking about housing bubble…thanks to gold http://telegraph.com https://twitter.com/AndysCycles/status/1003174374944354304 https://twitter.com/OccupyWisdom/status/978422460772122625 h/t OccupyWisdom

Independent mortgage companies get home loans for borrowers with weak credit or low incomes—and taxpayers back them

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by COMPUTER1313 https://www.bloomberg.com/news/features/2018-05-24/small-time-bankers-make-millions-peddling-mortgages-to-the-poor Taylor had recently filed for bankruptcy because of his $25,000 in credit card debt. But he just bought his first home for $120,000 with a zero-down loan from Christian’s company. Monthly debt payments now eat up half his take-home pay. “If he can help me, he can help anyone,” Taylor says. “My … Read more

How Corporations Gained Control

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by Thinker Supreme Court made changes that didn’t support the people, and changed politics in the U.S. and changed the meaning of Liberty and Justice for ALL! https://youtu.be/nRE4XVQ-6aM How Corrupt Is America’s Judicial System? Why Supreme Court Justices Serve For Life A position that should be voted on like the president. How many have sold … Read more