I owe $50k in credit card debt. I have a house with $150k equity in it, but it needs $10k additional renovations before it can sell. But my credit score is too bad to rent after it sells.

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by throw_me_in_garbage I’m in significant credit card debt for various reasons. Most of it was unavoidable home repairs and renovations to prepare to sell my house (it was a heavy fixer-upper and my family needed a place to live) but some was spent helping family who lost their jobs/faced health crises, and a chunk of … Read more

Kass: Market Is Underpricing Risk…Again

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by Doug Kass * Adding to my large SPY short * Downside risk grows relative to upside reward I have been shorting (on a scale higher) SPDR S&P 500 ETF (SPY) most of the day — adding to an already large short position. There are a number of factors contributing to this move: * Narrow market leadership. (We are … Read more

The Future of Crypto Payments in the Retail Market

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by visualcapitalist In the original whitepaper, Satoshi Nakamoto envisioned Bitcoin as a peer-to-peer version of electronic cash that would facilitate transactions without the oversight on a trustworthy, centralized party. Since then, cryptocurrency has surged in popularity as an asset class – and Bitcoin is now just one of many digital currencies out there. Investment has poured … Read more

The Central Bank Crisis on the Immediate Horizon

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by Martin Armstrong While the majority keep bashing the Federal Reserve, other central banks seem to escape any criticism. The European Central Bank under Mario Draghi has engaged in what history will call the Great Monetary Experiment of the 21st Century – the daring experiment of negative interest rates. A look behind the scenes reveals that … Read more

California lawmaker proposes firearm tax to pay for school security

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by DCG Assemblyman Jim Cooper From Sacramento Bee: Following the February school massacre in Parkland, Fla., California legislators responded as they often do after a mass shooting, with proposals to further tighten the state’s strict gun control laws. But the killings – and a national protest movement that they inspired – have also raised questions across the country about how best to … Read more

Sleeper Cells Activated, Bad Booms Incoming, Threat Real

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The corporate media is pushing fake Cohen/Trump Russian collusion stories, Mueller pushes the corporate media to stop the fake news. Certain government employees are pushing for a criminal investigation against Comey, Lynch, McCabe and Rosenstein. Trump reports Pompeo met with Kim Jong Un. Russia says it has received word that there will be no new … Read more

The next financial crisis will begin in this market

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Image by iStock/DNY59 From Jim Rickards, Editor, The Daily Reckoning: All financial crises are the same and different at the same time. They are the same when it comes to the dynamics of contagion, illiquidity, bank failures and the high-panic state in which everyone in the world wants his money back at the same time. Yet … Read more

IMF: Expect Oil To Fall Below $60

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By Irina Slav The International Monetary Fund dampened optimism about oil prices by forecasting the average for Brent at a little over US$58.24 a barrel next year, down from this year’s projected US$62.31. And things only get worse from there, with the IMF expects oil prices to drop to US$53.6 a barrel by 2023 as global … Read more

Thank You, Guys!

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We have been receiving your donations,  and we want to sincerely thank you. These generous donations will help us pay for our new system.   As we told you, it has been more expensive to upgrade than we thought. I hope you guys are pleased with the upgrade.  IWB is faster and better than it has … Read more

Swedish Currency Plummets to Lowest Level Since the Aftermath of Global Financial Crisis in 09 against the Euro

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It is well known in Sweden that the current ambition is to reach and maintain 2% inflation. It seems any other goal is secondary.   The Swedish krona just hit its lowest level since the aftermath of the financial crisis in 2009. Ultra-easy monetary policy with a negative policy rate is dragging down the currency. … Read more

Bezos annual letter to shareholder

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“Jeff Bezos released Amazon’s annual Letter to Shareholders on April 18th. Most notably, Amazon disclosed for the first time ever that it has 100M paid Prime members globally. Color us impressed. Some other great tidbits below: Prime Free One Day delivery now in more than 8,000 cities and towns. Prime Now available in more than … Read more

Working in an Amazon warehouse is like prison, according to an author who went undercover at a fulfilment centre and found staff were peeing in bottles because they had no time to go to the toilet.

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There was a time wherein these kind of conditions would have instantly become subject to strict public oversight and legislative intervention. However, in a modern age designed to legislate for the benefit of private faction, rather than individual citizens, it is no surprise that these practices have become more common place. To me, this is … Read more

11 members of Congress have asked AG Jeff Sessions, FBI Director Chris Wray, and US attorney John Huber to conduct a criminal investigation of the following individuals

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-James Comey -Hillary Clinton -Loretta Lynch -Andrew McCabe -Peter Strzok -Lisa Page https://desantis.house.gov/_cache/files/8/0/8002ca75-52fc-4995-b87e-43584da268db/472EBC7D8F55C0F9E830D37CF96376A2.final-criminal-referral.pdf https://twitter.com/RealSaavedra/status/986642714388135937

The Earnings Mirage

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By John Del Vecchio Earnings season is underway, and the path to quick profits (or losses) is right in front of us. Expectations are high because of tax reform and solid trends in earnings growth. Sales are trending up, and operating profits are on the rebound. Meanwhile, profit margins are high, with Wall Street analysts … Read more

ANOTHER CALIFORNIA CITY REVOLTS!

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It was item #20 on the city council meeting yesterday. That much I can confirm. If someone with Facebook can go on their city page, they might have posted the minutes of the city council meeting there. http://agenda2009.city-lakeforest.com/SIREPub/mobilemtgviewer.aspx?meetid=1022&doctype=AGENDA California City Votes for Second Time to Exempt Itself From State’s Sanctuary Law https://www.thenewamerican.com/usnews/immigration/item/28770-california-city-votes-for-second-time-to-exempt-itself-from-state-s-sanctuary-law This week, the … Read more