The MSM Doing It’s Job – Priceless!

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by Chris The British Defense Secretary that told Russia to “shut up and go away” is hammered in an interview, and by “hammered” I mean pressed to actually answer a simple given question about that use of language. He dodged, several times, and then was summarily terminated from the interview by the host for being … Read more

Deutsche Bank’s U.S. Operations Deemed ‘Troubled’ By Fed

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via Jenny Strasburg and Ryan Tracy The Federal Reserve has designated Deutsche Bank AG’s sprawling U.S. business in “troubled condition,” a rare censure for a major financial institution that contributed to constraints on its operations, according to people familiar with the matter. The Fed’s downgrade, which took place about a year ago, is secret and hasn’t been previously … Read more

Fox Dominates Cable News In May, As CNN Ratings Collapse

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by stockboardasset In a new television ratings report published Wednesday by Nielsen Media Research, Fox News Channel continues to reign supreme in the cable news wars, while CNN’s primetime audience collapsed 25 percent. ” Fox News extended its run of consecutive months at number one to a staggering 197, while building hitting another impressive milestone: Fox News … Read more

Savings Rate Tumbles Back Near Record Lows… Storm Clouds Gather Over Fed… Second Coming of Financial Crisis?

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Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than Make…  While US personal incomes grew, as expected, at 0.3% MoM, Americans resumed spending fare more than they make (increasing 0.6% MoM in April). For the 28th month in a row, YoY growth in spending has outpaced incomes, sending the savings rate back down … Read more

BRICS Nations & Others Are Forming A Competing Currency To The U.S. Dollar RIGHT NOW

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by Rory Hall of The Daily Coin We have been reporting for years on BRICS nations – Brazil, Russia, India, China and South Africa and the formation of the BRICS banking system(s) and all the supporting technology and interconnectedness that is required to run a parallel or opposition system. The Peoples’ Bank of China has just announced a … Read more

Debt is Only Money that Pays Interest

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by Martin Armstrong QUESTION: Mr. Armstrong; I listened to your interview with Greg Hunter on USA Watchdog. For the first time, I really understand that debt is money that pays interest. That is the real money supply which is leveraged. It is the interest that keeps expanding the debt and forcing taxes higher and higher until it can’t … Read more

illegal immigrant children cost taxpayers $670 a day

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The image of two illegal immigrant children sleeping on the floor in a chain-link fence “cage” swept the internet last weekend, sparking misdirected anger from activists who blamed President Trump for the conditions — which were actually from 2014, when the photo was taken, under President Obama. Here is another image: illegal immigrant children set up in … Read more

ITALY: The Election That Will CRASH THE EU

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https://www.youtube.com/watch?v=cQHQPWGc_bU They won’t just crash the EU, they’ll crash the western world… apart from iceland who delt with their debt in 2008. It’s going to happen somehow one day, the sooner the better. The medicene is not always nice. MrEd

Cryptocurrency Changing the World?

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by Martin Armstrong   I do not know how else to say this. Cryptocurrencies are an ASSET CLASS and they are something to TRADE. All this stupid nonsense that they will revise the world monetary system with no pain and governments will be brought to the knees without firing a shot, I really do not know who makes … Read more