A gentle reminder that LIBOR, the benchmark upon which some $800 Trillion of financial instruments are priced, was completely rigged.

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Libor Scandal Gets Older and Uglier for Banks Societe Generale SA’s deputy CEO has abruptly left the French bank. The cause appears to be the decade-old Libor scandal. With much still unclear, the takeaway for investors is troubling. Didier Valet has left without severance pay after a “divergence of approaches” at the bank on how to settle the … Read more

Visualizing China’s Most Ambitious Megaproject

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by visualcapitalist View a high resolution version of this graphic View the high resolution version of today’s graphic by clicking here. Costing between $4-8 trillion and affecting 65 countries, China’s ambitious One Belt, One Road (OBOR) initiative is the granddaddy of all megaprojects. By the time of it’s estimated completion in 2049, OBOR will stretch from the edge of … Read more

Despite Years of ECB’s QE (Ending Soon), Italy’s “Doom Loop” Still Threatens Eurozone Financial System

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Even banks outside Italy have an absurdly out-sized exposure to Italian sovereign debt. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The dreaded “Doom Loop” — when shaky banks hold too much shaky government debt, raising the fear of contagion across the financial system if one of them stumbles — is still very much … Read more

US housing market set to crash!

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$150k for dream home. https://www.zillow.com/homedetails/470-Valley-View-E-Dr-470-Indianola-UT-84629/2090669859_zpid/ For a US economy that has a razor-thin cushion of saving, dependence on rising asset prices has never been more obvious Household Debt Sees Quiet Boom Across the Globe   AC

A Case Study In How Propaganda Works

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This is a great example of how BBC propaganda works. Piers Morgan acts indignant that the RT journalist won’t acknowledge Putin’s role in assassinations. Yet, even though Piers Morgan constantly asserts this to be true, he doesn’t provide a shred of evidence or even name a single victim whom he alleges to have been killed … Read more

MASSIVE IMMIGRANT RIOTS BREAKING OUT IN MADRID, SPAIN

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Clashes are occurring between police forces and thousands of immigrants/antifa groups in the center of Madrid after a peddler was pronounced dead. He suffered a stroke after fleeing the police. Han tocado al barrio de lavapies pic.twitter.com/DwW4Bqy8LL — Susann sosa (@SusannSosa) March 15, 2018 https://twitter.com/RecioEN/status/974394181614493697 Las hienas del Estado apalean a una persona que se … Read more

"That's Why Hillary Clinton Isn't In The White House" Sarah Sanders SLAMS Reporter

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https://www.youtube.com/watch?v=UFFobd4SY0s “That’s Why Hillary Clinton Isn’t In The White House” Sarah Sanders SLAMS Reporter Sarah Huckabee Sanders Today (3/15/2018) Held A White House Press Briefing 3/15/2018 this is breaking news today and latest news today from the white house press conference 3/15/2018 this is news in politics news and political news from the usa filmed … Read more

Why ‘national security’ makes us less secure

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From Bill Bonner, Editor, Bill Bonner’s Diary: GUALFIN, ARGENTINA – TrimTabs, an investment research firm, reports that stock buybacks are running at twice the rate of this time last year. Corporation managements are taking their tax cut money and delivering it to shareholders… and to themselves. Skin in the Game For several years now, corporations have … Read more

TRUMP’S NEW ECONOMIC SAGE

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by Jim Quinn Kudlow is a blithering idiot CNBC shill. Trump’s assessment of intelligence and integrity in his chief advisors leaves much to be desired. “There is no recession. There’s no recession coming. The pessimistas were wrong. It’s not going to happen. The Bush boom is alive and well.” Larry Kudlow, who is set to … Read more

SEC Cracks Down on Silicon Valley’s “Disruptive Tech”

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“It’s an important lesson for Silicon Valley,” said SEC’s Jina Choi. “Innovators who seek to revolutionize and disrupt an industry must tell investors the truth….” By Jan Bauer, Safehaven.com: The SEC has laid fraud charges against the CEO of a company that once had a $9-billion valuation and was a darling of Silicon Valley thanks to its portable … Read more

The Jimmy Dore Show: Russia Convicted Of Nerve Attack Before Investigation. "It doesn´t pass the smell test"

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Despite not having conclusive evidence, Theresa May and the corporate media have already condemned Russia. Also, even if Russia is responsible, some of the response does not make any sense.   http://www.moonofalabama.org/2018/03/theresa-mays-novichok-claims-fall-apart.html The story May wants to tell has way too much holes to be sustainable. The involvement of the British double agent Skripal in … Read more

Trump Spells Out His Stance On Several Gun Control, School Safety Laws

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https://www.youtube.com/watch?v=8aXdm422dR4 James Barrett for the Daily Wire reports, As the debate ratchets up over how to improve school safety and best move forward with gun control policies that are actually effective while still protecting Americans’ Second Amendment rights, President Trump has weighed in several times on the issue, including making some off-hand comments about due … Read more