“Everything Has Gone Wrong”: Soros Warns “Major” Financial Crisis Is Coming

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via Zerohedge: In a speech delivered Tuesday in Paris, billionaire investor George Soros warned that the world could be on the brink of another devastating financial crisis, as debt crises reemerge in Europe and a strengthening dollar pressures both the US’s emerging- and developed-market rivals. And Europe, with Italy dragging worries about the possible dissolution of … Read more

Explaining Skepticism and Economic Time Travel to The Hill

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by Spencer P Morrison, NEE According to The Hill, a new study shows that “isolationist trade policies” could cut $2 trillion from America’s gross domestic product (GDP) by 2022.  As such, President Trump’s tariffs will not make America great again—they will make us poor.  Instead, The Hill implies that America is best-off embracing “internationalism” as its modus operandi. There are just two … Read more

CHANGE: U.S. Leapfrogs Singapore, Hong Kong to Win World’s Most Competitive Economy.

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via Bloomberg: “The U.S. dethroned Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and a supportive atmosphere for scientific and technological innovation, according to annual rankings by the Switzerland-based IMD World Competitiveness Center. . . . The renewed top ranking aligns with the positive U.S. growth … Read more

MICHAEL BARONE: Obama’s spying scandal is starting to look a lot like Watergate.

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via NYPOST: So much for those who dismissed charges of Obama administration infiltration of Donald Trump’s campaign as paranoid fantasy. Defenders of the Obama intelligence and law enforcement apparat have had to fall back on the argument that this infiltration was for Trump’s — and the nation’s — own good. It’s an argument that evidently … Read more

“For New Money Only”: Banks Fight for Deposits, But if You Don’t Jump Through Hoops, You Get “Punishment Rates”

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter HSBC makes it official. The HSBC branch on Montgomery Street in San Francisco caught my attention this weekend with a poster. It showed a large red “2.01%” and the phrase, “Business Elite Savings Account.” An interest rate of 2.01% on a savings account at a large bank is the highest I’ve … Read more

How leftist economic policies end up stabbing “the poor”

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via dailysignal: The left is sleepless in Seattle, working overtime to squander years of economic success. Seattle is, by many measures, one of the fastest-growing cities in America, if not the fast-growing city. A few big tech companies, including Amazon and Microsoft, plus other large, successful businesses such as Boeing and Starbucks, have fueled this explosive rise. … Read more

A Spiking Dollar = Emerging Market Chaos

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by John Rubino The dollar collapse thesis – which ends with all fiat currencies achieving their intrinsic value of zero — doesn’t preclude some thrills and chills along the way, in which some currencies fall faster than others and wreak havoc on various parts of the global economy. This might be one of those times, … Read more

Greg Mannarino: Shocking Things Taking Place in Markets Right Now

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Crush The Street, Released on 5/28/18 TOPICS IN THIS INTERVIEW: 00:30 Dead cat bounce for the US Dollar? 07:45 “The FED is creating a financial Frankenstein!” 11:25 Global shift in purchasing power 15:00 Cryptocurrency hype aftermath 24:00 Precious Metals still the ultimate wealth preserver? Gregory Mannarino started his financial career working for the securities and … Read more

7 Ways To Stay Alive in a Post-Collapse Society

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by Jeremiah Johnson    There have always been times where we inadvertently put ourselves in precarious situations. In this case, your best bet is to trust your gut. If you don’t feel the situation is right, find the nearest exit and leave the area. We covered some of these times in our most recent article regarding attackers and … Read more

Sarah Huckabee Sanders REVEALS THE TRUTH About Obama-Era DOJ’s Crooked PAST

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by Thinker Sarah Huckabee Sanders reveals the truth about Obama-era DOJ’s crooked past. White House Spokesperson Sarah Huckabee-Sanders came out and b-l-a-s-t-e-d Obama’s DOJ with a truth bomb over their dirty and nefarious plot.Sarah Huckabee Sanders reveals the truth about Obama-era DOJ’s crooked past. White House Spokesperson Sarah Huckabee-Sanders came out and b-l-a-s-t-e-d Obama’s DOJ … Read more

Attorney General Jeff Sessions: Here’s What I’ll Do If Trump Fires Rosenstein

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by Thinker Attorney General Jeff Sessions told the White House last weekend that if President Donald Trump fires Deputy Attorney General Rod Rosenstein, Sessions himself may quit. https://youtu.be/TIG1pPCZJdc SESSIONS NOT INVITED TO THE NEXT MEETING???? SPYGATE SCANDAL: Plus Gowdy, Nunes and Kelly, Meet With Rosenstein, DOJ, FBI and DNI SPYGATE SCANDAL: At high-noon House Intelligence … Read more

CISCO CEO: “It was 100 percent the tax reform impact that enabled us to bring back $67 billion”

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.@Cisco Chairman & CEO Chuck Robbins on repatriation: “It was 100 percent the tax reform impact that enabled us to bring back $67 billion, which we’ve completed.” .@Cisco Chairman & CEO Chuck Robbins on repatriation: "It was 100 percent the tax reform impact that enabled us to bring back $67 billion, which we've completed." pic.twitter.com/M0zbGpM3gv … Read more