By Harry Dent I came across some interesting data recently… If you’re thinking of retiring or moving to a smaller area that still has some affluence, maybe a few good restaurants, here are 20 small towns that have a high percentage of millionaires. Millionaires are only 4% of households in the U.S. with an overall median … Read more
From CNN Money: General Electric is still haunted by its disastrous adventure in subprime mortgage lending more than a decade ago. GE shut down WMC, its mortgage business, in 2007 after the market for lending to risky borrowers collapsed. But the business still faces legal trouble, including lawsuits from investors and an investigation by the Justice … Read more
via Credit Bubble Bulletin One hundred and six months. The current expansion, having emerged in the aftermath of the collapse of the mortgage finance Bubble, is now the second-longest on record (lagging only the 120-month 1990’s Bubble period). The unemployment rate dropped to 3.9% last month, the lowest level since the 3.8% print in April 2000. … Read more
by AMY S. China wouldnt even be considered a “Super Power” if it wasnt for the Bill Clinton presidency. He gave China the Untied States ballistic missile technology for nothing in return and allowed them to enter the World Trade Organization. Theory is they financed his presidential campaigns. He was colluding before colluding was cool. Some … Read more
by Jesse “I’m particularly interested in black swan events: unprecedented surprises that destroy the conventional wisdom about how the world works.” Paolo Bacigalupi “The essence of God is existence, and He defines Himself as: ‘I am Who am.’ The essence of the devil is the lie, and he defines himself as: ‘I am who am … Read more
By Rodney Johnson Bonds are an interesting financial animal. With stocks, investors become part owners of a company, albeit usually at a very, very small level. We benefit as the company earns more revenue and profit, hopefully sending some of the cash back to us in the form of dividends, or using the funds to grow … Read more
by: Clint Siegner, Money Metals News Service The federal government just racked up its largest ever quarterly deficit at $488 billion, and nobody is talking about it. Of course they aren’t. The federal government has been running deficits nearly every quarter for the past fifty years and there have been plenty of new records in … Read more
by Martin Armstrong The EU Commission is calling on Germany to pay up to €12 billion more annually into the EU’s pocket for the European budget. With Brexit, there will be a gap in their funding of some €3.5 to €4 billion euros. The EU, in reality, would have less to monitor, but there are never any … Read more
by stockboardasset About Six years ago, Illinois passed a law requiring the Chicago Police Department to obtain warrants before using drones for surveillance purposes. As the law now stands, police officers can spy on public events if there is suspicion of criminal activity along with a warrant obtained from a judge. Now, Chicago Mayor Rahm Emanuel … Read more
from Zero Hedge It is official. Consumers in Colorado appear to be tapped out. This comes at a time when the recovery is now tied for the second-longest economic expansion in American history. The stock market is near an all-time high, unemployment is the lowest in two decades, consumer confidence is beyond euphoric, and Trump tax … Read more
By Harry Dent Guess where the greatest real estate gains have been since the Great Recession and the massive QE surge? Florida and California… surprise, surprise! California real-estate prices have exploded because there’s very limited supply there and Florida prices shot to the moon thanks to that states high domestic and international migration. But here’s a real surprise… Property … Read more
by John Ward C’est la vie, c’est la guerre / des journées d’enfer (Rough translation: it is in the nature of life that we will all have Days from Hell) ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ I had an appointment at the Tax Office this morning. I’m not sure why: some time ago, I filled in a form when asked to … Read more
https://www.youtube.com/watch?v=mYj5UM_TufI Jason Chaffetz Just Uncovered The Truth About Mueller’s Investigation And He Wants It Buried
by DCG If you can’t follow our laws and obtain legal status then, Adios! From Sun Sentinel: The Trump administration said Friday that it is ending special immigration protections for about 57,000 Hondurans, adding them to hundreds of thousands of immigrants from other countries battered by violence and natural disasters who are losing permission to be in the United … Read more
by DCG I guess this makes sense when you are using “free” tax payer dollars. From Sacramento Bee: The city of Sacramento is offering hefty financial bonuses to hospitals, health plans and government and nonprofit agencies for attending meetings and helping to launch its $64 million Whole Person Care program on homelessness. Mayor Darrell Steinberg and other Sacramento leaders consider … Read more
by Daisy Luther, The Organic Prepper You may not be on social media yourself, but chances are your friends and family are. Some of us are on there for work purposes and some so we can keep in touch with loved ones who live far away. There are valid reasons we have accounts on Facebook, … Read more
by AMY S. Learn how to make a diy battery lasts forever. Called a magnesium or Baghdad battery they are made with a magnesium rod and either a copper coil or a copper rod. Originally published : By Joshua Krause – Ready Nutrition When going off the grid, it’s safe to assume that most folks will be … Read more
https://twitter.com/OccupyWisdom/status/993634984559816704 Money velocity is the movement of money around the economy and it can exist alongside debt. But as it collapsed you see debt continue parabolic. It means to me that wages and savings are gone long before the average person Borrows the difference
Follow the analytics and the logic …. you make the call. https://twitter.com/SheepleAnalytic/status/993608120155934721 It's time to have a conversation about $TSLA's solvency.Meanwhile the CEO is on twitter bragging about manipulating a short squeeze.And hanging up on the chair of the NTSB.This saga is making a mockery of the US capital markets. pic.twitter.com/iFYAOHer4I — TC (@TESLAcharts) May … Read more
by Duane Norman, Free Market Shooter Recently it was revealed that the US Department of Defense issued a Notice to Airmen (NOTAM) regarding air transit near a Chinese airbase in the East African country of Djibouti. The notice was issued after pilots were allegedly targeted with lasers originating from the Chinese airbase: On May 3, 2018, Dana White, the … Read more