Financial expert and former top Federal Reserve insider Danielle DiMartino says, “I think gold is in the very late stage of a correction phase. Once we get a sniff of true market reaction to any of these geopolitical events, I think you could see gold take off like a boomerang or a hockey stick. . … Read more
Retail sales continue to decline, when compared to wages we can see as wages are dropping so are sales. GE is in trouble, they do not have enough to meet their pension obligation. Caterpillar posts a positive sales after 54 months of declining sales, this was accomplished by China ordering equipment most likely a one … Read more
There once was time when a slot machine in the corner of a pub was the ultimate in gaming technology, but those days are long gone. Ever since the first online casinos arrived a couple of decades ago there has been an exponential development of the technology behind them and, with each advance, it has … Read more
by Mark Angelides Protestors took to the streets of London purportedly in response to the tragic fire at Grenfell Towers; but the reality is that this is nothing but the Militant Left using undemocratic means to force another election. Politicians are to blame for this directly; it is no coincidence that Labour Shadow Chancellor, John … Read more
By Michael Snyder Do you have an emergency fund? If you even have one penny in emergency savings, you are already ahead of about one-fourth of the country. I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially. Back in 2008 when … Read more
by Mark Angelides The European Union is taking Poland, Hungary and the Czech Republic to court for refusing to take 160,000 migrants in under an agreement made in 2015. They are looking at a fine of 250,000 Euros per migrant. But what is not being reported is the fact that these three countries ARE taking … Read more
by Chris Hamilton Economists spend inordinate time gauging the business cycle that they believe drives the US economy. However, running in the background (and nearly entirely forgotten) is the population cycle. The positive population cycle is such a long running macro trend thousands of years in the making that it is presently taken for granted. It is assumed that upon every … Read more
by Michael Snyder After a bit of a lull for the past couple of months, the march toward war appears to be accelerating once again. On Monday the U.S. military shot down yet another Syrian aircraft, and it appears that President Trump’s patience with North Korea’s nuclear program may have run out. Unlike our wars … Read more
by Dr. Eowyn I’ve posted about Americans’ dismal state of finances before, but this news shocked even me. Today, Bankrate.com released the results of its June Financial Security Index survey that 24% of Americans — 1 in every 4 Americans — don’t have even a single dollar saved for an emergency. According to the U.S. Census … Read more
By Guido Lasken By Guido Lasken There’s not much more than a year before the midterm elections – and those will be much too important to let the Deep State and its media outlets turn them into the usual “left” vs. “right”, “Republican” vs. “Democrat” or “progressive” vs. “conservative” battle, or even a referendum … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The HK financial system is “very strong” and “can withstand an adjustment in the property market.” The Hong Kong dollar is pegged to the US dollar. Hong Kong’s monetary policy is follows the Fed’s monetary policy. The Fed has embarked on a tightening cycle, raising rates four times so far. The … Read more
by Geoffrey Grider ARIZONA REPUBLICAN SEN. JOHN MCCAIN IN 2012 TURNED OVER NEARLY $9 MILLION IN UNSPENT FUNDS FROM HIS FAILED 2008 PRESIDENTIAL CAMPAIGN TO A NEW FOUNDATION BEARING HIS NAME, THE MCCAIN INSTITUTE FOR INTERNATIONAL LEADERSHIP. EDITOR’S NOTE: Donald Trump promised to ‘drain the swamp’ when he was elected. RINO Sen. John McCain is … Read more
by Ian Shilling The PetroDollar Economy The petrodollar system was set up by Kissinger in circa 1975 to drive up the demand for U.S. dollars. In 1971 the U.S. went bankrupt from the costs of the Vietnam War and the U.S. could no longer afford to pay its foreign creditors in Gold at $35 per … Read more
David Davis and EU rule out soft Brexit on day one of negotiations David Davis and the EU slammed the door on any prospect of a “soft” Brexit as formal negotiations on leaving the EU finally got underway in Brussels. The Brexit Secretary confirmed Britain would be leaving the customs union and the single market, … Read more
by Mark Angelides We are all familiar with the Clinton Foundation and the nefarious purposes for which it has been used; it was the bankroll for Hillary’s failed bid, it funds dangerous and divisive “protest” groups, it has been used for further enriching the Clinton family, and of course it has been used as a … Read more
by Mark Angelides In the wake of an attack against Muslims at a London Mosque, the British Establishment has resorted to a level of chaos and idiocy that failed to appear when terrorist attacked were carried out BY Muslims. For those of a more conspiratorial bent, it might suggest who is truly in charge of … Read more
By Michael Snyder The quote in the headline comes from Ron Paul, and it should be the goal of every conservative lawmaker in the entire country. When professional politicians tell you that they are in favor of reforming the tax code or reducing taxes a little bit, essentially what they are telling you is that … Read more
by Duane Norman, Free Market Shooter In spite of low volumes, US stock markets made fresh all-time highs today: The Dow Jones industrial average rose about 140 points and hit intraday and closing records, surpassing a previous all-time high of 21,391.97, which was set last week. The S&P 500 gained 0.8 percent to also reached … Read more
by SpontaneousDisorder https://www.ft.com/content/721399c6-51d5-11e7-a1f2-db19572361bb How I learnt to stop worrying and love Big Tech If Alphabet’s valuation is a bubble, the word has lost all meaning, says Miles Johnson Lots of people are worrying about Big Tech. The so-called FAAMG stocks (Facebook, Apple, Amazon, Microsoft and Google) have surged in value this year, prompting bank … Read more
by Robert Carbery The mainstream media’s assault on the Trump administration and its voters continues. The heated rhetoric has contributed to the rising instances of political violence from the shooting of Rep. Steve Scalise to the refusal of service of those wearing Trump-related attire. Violence from the left has been the dominant theme during the … Read more