All new cars in EU must now have built in SIM card with 2/3/4g connection as well as GPS. They will know every move of your car.

In the future there won’t be speed cameras. If you don’t already have an approved driverless car, a prompt will pop up on your dashboard warning you to slow down or you’ll be fined. The car will report every time you didn’t sufficiently indicate prior to turning and your insurer will get a regular report … Read more

Bad News for the Stock Market

Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis, according to Fitch Ratings. Lenders are responding by pulling back on financing to applicants with shaky credit histories and requiring higher standards for loans that they bundle and sell on to investors. https://www.bloomberg.com/news/articles/2018-05-14/consumers-skip-more-high-rate-auto-payments-than-during-crisis and real inflation … Read more

Google Duplex Is An AI Assistant Bot Able To Make Phone Calls And Interact With Humans Without Being Detected

by Geoffrey Grider GOOGLE SHOCKED THE WORLD THIS WEEK WHEN IT SHOWED OFF GOOGLE DUPLEX, ITS NEW TECHNOLOGY TO HANDLE TASKS OVER THE PHONE. SINCE ITS REVEAL ON STAGE AT THE GOOGLE I/O CONFERENCE, THERE HAS BEEN SOME NEW INFO REGARDING THE A.I. THAT WILL MAKE PHONE CALLS — HAIR APPOINTMENTS OR DINNER RESERVATIONS — IN … Read more

FORMER CIA INTERROGATOR Slams Whoopi Goldberg For Suggesting Trump Should Face Torture

IF YOU’VE EVER HAD THE CHANCE TO HEAR THIS INCREDIBLE MAN SPEAK, YOU KNOW HE CHEWED WHOOPI UP AND SPIT HER OUT… Dr. Mitchell was the architect of “enhanced interrogation” aka waterboarding. The man is a hero. Dr. James Mitchell returned fire at “The View” host Whoopi Goldberg for suggesting that President Donald Trump ought … Read more

Mueller Probe Might Not Survive Much Longer – Intelligence Connections Highlight Sketchy Origin to Special Counsel Probe…

by sundance I have a sneaking suspicion the Machiavellian connections between the U.S. intelligence apparatus and multiple foreign agents/actors, including the work of Stefan Halper in the 2016 presidential election, are only a few days from fully surfacing.  There could be enough sunlight on U.K/U.S. political and intelligence officers to launch multiple investigations. There was always something … Read more

Orphan CDS, Manufactured Credit Events, Insufficient Deliverables: What The Hell Is Going On In The CDS Market?

via Zerohedge: Long gone are the days when the CDS market was naively seen as merely a simple hedge to long cash bond positions for vanilla investors (negative basis), or more conspiratorially, a means to naked short the bonds of distressed companies (as many alleged happened during the financial crisis) without being subject to squeezes, … Read more

Google employees resign in protest over controversial Pentagon AI project

Watch the latest video at foxnews.com http://www.foxnews.com/tech/2018/05/14/g…-says.html About a dozen Google employees are resigning in protest over the tech giant’s involvement in Project Maven, a controversial military program that uses artificial intelligence, Gizmodo reports. Project Maven, which harnesses AI to improve drone targeting, has been a source of concern for a number of Google employees. … Read more

High Taxes Don’t Make Rich People Move

BY PATRICK WATSON You’ve heard the old line about three kinds of falsehoods: lies, damned lies, and statistics. All three are easy to find on the Internet. Unlike lies, though, statistics can be useful if taken with a grain of salt. For instance, you want to remember that correlation doesn’t equal causation. If event A repeatedly occurs right … Read more

China really is to blame for millions of lost U.S. manufacturing jobs, new study finds

Via Marketwatch Millions of Americans who lost manufacturing jobs during the 2000s have long ”known” China was to blame, not robots. And many helped elect Donald Trump as president because of his insistence that China was at fault. Evidently many academics who’ve studied the issue are finally drawing the same conclusion. For years economists have … Read more

Peak Earnings: A Look At The Mega-Cap Stocks’ First Quarter Results

by Adam Hamilton of Zeal LLC The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season.  Naturally this first quarter under Republicans’ new corporate tax cuts fueled surging profits.  But sales were up big too, which is no mean feat for massive companies.  With sustained growth at this torrid pace impossible, peak-earnings fears are mounting.  And … Read more

SocGen Makes A Striking Discovery: Most Buybacks Were Used To Pay For Stock Options

via ZeroHedge Frequent readers will recall that it was Andrew Lapthorne’s revelation back in late 2015, which was behind the following chart, indicating that virtually all net debt issued this century has gone for one thing: to fund buybacks, i.e. wealth transfers from bondholders to shareholders. Now, in a follow up note as the increasingly politically-charged … Read more

Ultrasonic Attacks Can Trigger Alexa And Siri With Hidden Commands — Raise Serious Security Risks

by stockboardasset Over the last two years, academic researchers have identified various methods that they can transmit hidden commands that are undetectable by the human ear to Apple’s Siri, Amazon’s Alexa, and Google’s Assistant. According to a new report from The New York Times, scientific researchers have been able “to secretly activate the artificial intelligence systems on … Read more

Oklahoma governor Fallin vetoes gun carry bill

by DCG Well, this is disappointing. Gov. Fallin’s term ends in 2019. From Fox News: Oklahoma Gov. Mary Fallin on Friday vetoed the “Constitutional Carry” bill that, if passed, would have enabled handgun owners in the state to carry without first obtaining a permit. The NRA had supported the bill’s passage and had urged Fallin to sign it. … Read more

NY governor Cuomo goes after NRA; gun manufacturer Hornady fights back

by Dr. Eowyn The New York Daily News reports that on April 18, 2018, New York governor Andrew Cuomo warned banks and insurers to stay away from the National Rifle Association (NRA) and the gun industry because of the “reputational risk” they will incur if they do business with either. NY Department of Financial Services Superintendent Maria Vullo issued … Read more

Jim Rickards update – financial warfare, US dollar, gold, inflation

Physical Gold Fund, Released on 5/11/18 Click Here to Listen to the Interview http://www.physicalgoldfund.com/Download/Audio/TGC-May-2018.mp3 Topics: *Update on gold markets *New phase of financial warfare with Iran *Financial system chokepoints *US Dollar payments system *SWIFT transfers and third party influence *How the US uses dollar payments leverage to control non US transaction *How Inflation turns people … Read more

U.S. Dollar Rally Is Doomed

Source: Michael J. Ballanger for Streetwise Reports Precious metals expert Michael Ballanger discusses movements in the U.S. dollar. There was an article written a few days back where the author vehemently denied that the U.S. dollar could go any lower and where the phrases “face-ripping,” “face ripper,” and “rip your face off” (as well as derivatives thereof) … Read more