After The Party, The Hangover – The State of the American Debt Slaves, Q1 2018

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Total consumer credit rose 5.1% in the first quarter, compared to a year earlier, or by $184 billion, to $3.824 trillion (not seasonally adjusted), according to the Federal Reserve. This includes credit-card debt, auto loans, and student loans, but not mortgage-related debt. That 5.1% year-over-year increase isn’t setting any records – in … Read more

London crime spree continues: Five victims die during knife and shooting attacks in London weekend violence

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by DCG From Daily Mirror: A man has become the fifth person to die during a weekend of Bank Holiday violence after suffering a knife wound in the street. Emergency crews were called to Becks Lane in Macclesfield, Cheshire, following reports a man had been hurt at around 8.50pm yesterday. Police said they found an injured 37-year-old man, who … Read more

LIFE AMONG THE DEMOCRATS

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Schneiderman called me his ‘brown slave,’ would slap me until I called him ‘Master.’ UPDATE: She’s right: ANOTHER UPDATE: From the comments: “Toxic masculinity is always descending on the Right but somehow always lands on the Left.” WHY ARE DEMOCRATIC OFFICEHOLDERS SO PRONE TO SEXUAL ABUSE? The Schneiderman Story Just Gets Creepier And Creepier. Flashback: Schneiderman let Clinton … Read more

The Left Is Decadent To The Core Nowadays

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BARI WEISS: Meet the Renegades of the Intellectual Dark Web: An alliance of heretics is making an end run around the mainstream conversation. Should we be listening? Here are some things that you will hear when you sit down to dinner with the vanguard of the Intellectual Dark Web: There are fundamental biological differences between men … Read more

Interactive: Comparing Asian Powers to the U.S.

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by visualcapitalist View site in full screen Whether it’s the planning and execution of massive infrastructure projects like One Belt, One Road, or the dramatic increase in wealth occurring in the region, it’s clear that the economic boom in the East is rapidly expanding Asia’s influence on the world stage. More importantly, this growing economic might is also translating … Read more

What Will Trigger The Next Recession?

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Here are today’s articles mentioned in this news update: 1. Signs Of The Next Recession https://www.forbes.com/sites/billcone… 2. There Is Virtually No Chance of a U.S. Recession This Year: Goldman Sachs https://www.thestreet.com/markets/vir… 3. PREPARING FOR A RECESSION https://www.realvision.com/free-stuff/20-20/03-may-2018?utm_source=RV&utm_medium=Email&utm_campaign=20180503_AL1_DKU_EM_RV_W1_L2 4. What Will Trigger The Next Recession? https://steemit.com/economy/@rtd/what…  

13,779 Reasons To Own Some Gold

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by SP 2 Year Gold Price Chart in Venezuelan Bolivars (VEF)   Venezuela inflation hits 13779 percent, parliament says Hurriyet Daily News–6 hours ago Venezuela‘s dizzying inflation rose 13,779 percent in the past year, a study released on May 7 by the opposition-dominated National Assembly has found. The figure confirmed other estimates showing that Venezuela has by far the world’s highest inflation … Read more

Amazing article on how the Mueller investigation is now in complete Jeopardy

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via Zerohedge: A funny thing happened on the way to impeaching Donald Trump. After two-years of investigations by a highly politicized FBI and a Special Counsel stacked with Clinton supporters, Robert Mueller’s probe has resulted in the resignation of National Security Advisor Michael Flynn, the arrests of Paul Manafort and Rick Gates, and the indictment of 13 Russian … Read more

PENTAGON: “FLUORIDE linked to developmental delays for fetuses and infants”

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by SS The water at or around 126 military installations contains potentially harmful levels of perfluorinated compounds, which have been linked to cancers and developmental delays for fetuses and infants, the Pentagon has found. In a March report provided to the House Armed Services Committee, the Pentagon for the first time publicly listed the full … Read more

Warlord Netanyahu declares ‘War on Iran is Better Now Than Later’

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https://youtu.be/cgGfRLystqQ There was never any actual evidence Iran even wanted nukes, and Iran had long been making better compromise offers that the US ignored in favor of using the “Iranian nukes” pretext to impose regime-change there just as “WMDs in Iraq” was a lie and pretext pushed by the pro-Israeli lobby in the US. They oppose the … Read more

The Division Of Wealth Is Staggering And Growing And Historic In Proportions.

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via Time.com: The global economy created a record number of billionaires last year, exacerbating inequality amid a weakening of workers’ rights and a corporate push to maximize shareholder returns, charity organization Oxfam International said in a new report. The world now has 2,043 billionaires, after a new one emerged every two days in the past … Read more