Italy, Greece, Deutsche Bank: heavy clouds of non-linear collapse gather again above Europe

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via failedevolution: For nearly ten years now, the key decision centers inside eurozone are trying to hide the huge problems, pretending that the crisis is behind, in order to maintain a completely failed economic model, which also reveals, day by day, its authoritarian nature and despise against real Democracy. The totally problematic structure of eurozone makes … Read more

Italy gets western Europe’s 1st populist govt on second try

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The Cabinet includes Di Maio and Salvini – who has pledged to expel hundreds of thousands of migrants – “My commitment will regard the security of 60 million Italians,” Salvini said – Di Maio said “the government of change is reality.” via apnews: MILAN (AP) — Italy’s anti-establishment 5-Star Movement and the right-wing League succeeded Thursday … Read more

If this is a trade war, the United States will win – The US has trade deficits with all of these countries – How can they put tariffs on American goods that they don’t actually buy?

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They can’t, and what they do buy, pales before what Americans buy from themAMERICA FIRST via spectator.co.uk: Donald Trump is following through on his threat—or promise, as his voters see it—to impose steep tariffs on foreign goods in the name of supporting American industry, starting with levies of 25 per cent on steel and 10 … Read more

Tucker: Trump ‘Convinced Democratic Party to Completely Destroy Itself’ …erupted in a “primal scream” after his election and “have not stopped yelling.”

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https://www.youtube.com/watch?v=gd7At7u0OtE Tucker Carlson said something “transformative” has happened to the Democratic Party since Donald Trump was elected president. Carlson said that Democrats erupted in a “primal scream” after his election and “have not stopped yelling.” He said “everything” changed on the left after November 2016: celebrities threatened to leave the country, journalists became “rigid propagandists” … Read more

Since when is it MANDATORY to give Google your phone number if you want to make an Gmail account?

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by Charlie_Heslin Maybe this is normal nowadays and I’m just being paranoid, but I have 3 different email accounts I made some where between 2009-2014 without any of them being linked to a cell phone number. Sure, they would always suggest that for verification purposes and lost passwords you should give them your number, but it was … Read more

ANDREW MCCABE INDICTED AFTER COMEY INTERVIEW WITH DOJ PROSECUTORS

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https://www.youtube.com/watch?v=SBLqNOst7b4 Prosecutors question Comey for probe into McCabe http://www.foxnews.com/politics/2018/… Trump fires back at McCabe’s secret memo, says Comey firing not about Russia http://www.foxnews.com/politics/2018/… F.B.I. Official Wrote Secret Memo Fearing Trump Got a Cover Story for Comey Firing https://www.nytimes.com/2018/05/30/us…

Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low, after US Entity Makes FDIC’s “Problem Bank List”

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The old question: When will she buckle? Shares of Deutsche Bank fell 7.2% today in Frankfurt to €9.16, the lowest since they started trading on the Xetra exchange in 1992. They’re now lower than they’d been during its last crisis in 2016. And they’re down 71% from April 2015. This came … Read more

Sales Have Fallen For 26 Quarters In A Row And More Stores Are Closing – Is This The End Of The Line For Sears?

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by Michael Snyder When sales have declined for 26 quarters in a row, you have got to know that your days are numbered.  Once upon a time, Sears was an unbeatable retail powerhouse.  It survived two world wars and the Great Depression, but thanks to competition from Amazon and other online retailers it may not even survive 2018.  … Read more

Why Is The Mainstream Media Suddenly Buzzing About “Another Global Financial Crisis”?

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by Michael Snyder  All of a sudden, the mainstream media is starting to sound a lot like The Economic Collapse Blog.  Throughout the Obama years, the mainstream media in the United States always seemed extremely hesitant to suggest that difficult economic times may be ahead, but now talk of “another global financial crisis” seems to be all … Read more

EU Bigwigs Nullify Italian Election

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https://www.youtube.com/watch?v=GcdaRBCxdCg Good afternoon. I’m still reporting on the coup — in Italy. Here’s Tucker’s take: [insert] The reason the incoming finance minister was alarming to markets and investors was because he was likely going to withdraw Italy from the Euro and return Italy to its sovereign money, the Lira. This could, of course cause a … Read more

The Global Economic System Is Being Setup To Crash

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Dubai will start using the blockchain technology for 50% of its transactions, China is embracing the blockchain, the world is now moving towards the blockchain away from the central bank. Housing is declining rapidly, pending, existing and new home sales all decline.Mortgage and refinancing applications implode as rates move up. The agenda, crash the economy … Read more

‘Stagflation’ & ‘Declining Wages’ Aren’t Just Theories: NYC Taxi Drivers Commit Suicide At Alarming Rates

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from Zero Hedge May saw the fifth NYC taxi driver commit suicide in five months, an alarming trend which is gaining momentum. Yu Mein Chow, a 56-year-old immigrant, living in Queens, was found dead last week, floating down the East River near the Brooklyn Bridge. Seven years ago, Chow financed a $700,000 taxi medallion that allowed him to … Read more

Death Of American Exceptionalism- China Overtakes America In ‘Healthy Life Expectancy’

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via stockboardasset: For the first time, China has overtaken America in healthy life expectancy at birth, according to a new report. “Healthy life expectancy” is defined by years lived in good health or without significant illness. The report, from the World Health Organization (WHO), reveals Chinese newborns could experince 68.7-years of healthy life ahead of them, compared … Read more