Mar 09 09:35

Bitcoin Rigging Operation repeatedly done by Mt. Gox Trustee during last 3 months... Exposed !!!

Bix Weir released this YouTube video & explains the intentional manipulated crashes of Bitcoin during the last 3 months.

Bix explains that the Mt. Gox Trustee sold about $500 million worth of Bitcoin between December 2017 to February 2018, in what certainly appears to be a coordinated, manipulated event.

The Blockchain data shows the sale directly correlates to the December crash and subsequent price crashes in bitcoin.

Mar 09 09:33

The President Wants To Execute Drug Dealers. Will That Include Those Convicted Of Cannabis Crimes?

While Attorney “good-people-don’t-smoke-marijuana” Jeff Sessions wants to amplify the war on drugs, don’t forget who appointed him: Donald Trump.

Although President Trump has, for the most part, stayed silent on drug policy, one of his alarming stances has recently been revealed, with five sources confirming to Axios that Trump has privately discussed being in favor of the death penalty for drug dealers.

Indeed, Trump has been ranting and raving about Singapore’s drug policies, with an Axios source claiming of the US president, “He says, ‘When I ask the prime minister of Singapore do they have a drug problem [the prime minister replies,] ‘No. Death penalty.’”

Mar 09 09:08

L.A. homeless crisis grows

Mar 09 08:55

The Latest Bezos Casualty: Claire's To File For Bankruptcy

First Toys "R" Us getting ready to liquidate, and now that other famous pre-crisis retail LBO, Claire’s Stores, the tween fashion accessories mecca where "legions of preteens got their ears pierced", is preparing to file for Chapter 11 in the coming weeks, Bloomberg reported.

The company, which was LBOed by Apollo in 2007, is set to hand over equity control from Apollo to key creditors including Elliott Capital and Monarch, with Bloomberg noting that Venor and Diameter Capital Partners are also involved. The move should help ease the $2 billion debt load at Claire’s, although just like with Toys, it may merely be delaying the inevitable liquidation (it took Toys less than 6 months to go from Chapter 11 to 7).

That said, Claire's bankruptcy is hardly a surprise: the mall anchor retailer was prominently featured in our November piece, "A Look At America's Retail Apocalypse In Charts" in which we highlighted the firm for its massive debt load and upcoming debt maturities.

Webmaster's Commentary: 

Everyone likes to blame online retail for the problems, but online sales amount to only 2% of consumer spending. Online sales are being used as a scapegoat to conceal the fact that the real problems is that Americans simply do not have the money to buy things beyond immediate survival any more.

Mar 09 07:52

Billions Flown From Gaddafi 'Frozen Funds' in Belgium

Belgian authorities have discovered the disappearance of 10 billion euros of frozen Libyan assets kept in the Euroclear Bank during the period 2013 to 2017, according to the Le Vif weekly paper.

According to Le Vif magazine, these funds were controlled by the inner circle of ousted and killed Libyan President Muammar Gaddafi.

Over 16 billion euros were located in four accounts opened for the Libyan Investment Authority and Libyan Foreign Investment Company.

The Belgian authorities found the disappearance of a significant part of these funds in the fall of 2017, when an investigation into money laundering sought to seize the 16 billion euros. It turned out that on the four accounts just over 5 billion euros remained.

Mar 09 07:52

Trump vows tariffs will be 'very fair,' names winners and losers

President Donald Trump vowed to be flexible toward "real friends" of the United States as the White House prepared Thursday to roll out punitive trade tariffs -- singling out Germany for criticism and adding Australia to a list of likely carve-outs.

Mar 09 07:50

'It's Unclear Where the Whole Idea of Europe's Unification is Going' - Analyst

The European Commission has heavily criticized seven EU states for their aggressive tax policies. EU economic affairs commissioner Pierre Moscovici has pointed the finger at Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta and the Netherlands, arguing that they offer complex tax schemes to help international companies avoid high taxes.

Mar 09 07:43

Republicans are about to deregulate banks — with Democratic support

In the next week, the Senate is expected to pass the Economic Growth, Regulatory Relief, and Consumer Protection Act, a bill that rolls back some of Dodd-Frank’s financial regulations and widens existing loopholes.

Republicans drafted the bill. But it has 12 Democratic co-sponsors, giving it a filibuster-proof majority.

The legislation exempts banks with less than $10 billion in assets from the Volcker Rule (which bars commercial banks from some speculative trades) and various mortgage requirements; allows banks with between $50 billion and $250 billion in assets to operate with less regulatory scrutiny; and directs the Federal Reserve to tailor regulations to the specific balance sheets of the bigger banks, rather than enforcing rules equally across the board.

Most Democrats don’t like the bill. But in my conversations, they don’t see it as an enormously consequential rollback of their Wall Street reforms either.

Mar 09 07:32

A smartphone recession is coming and animated poo emojis can't stop it

"Smartphone sales are starting to decline at an accelerating rate," a market analyst has declared. In a pessimistic note, Jeff Johnston of Arthur Wood Research blames feature ennui.

When sector design leader Apple devoted a significant portion of a flagship device launch event to an animated poo emoji, one detects an industry running out of good ideas.

Johnston poured water on the idea that retail orders for Samsung's Galaxy S9 will be 10 to 15 per cent higher than last year – he estimated them falling some 50 per cent on 2017's Galaxy S8.

Mar 09 07:24

Open letter to school boards, teachers’ unions, families: Funding crisis for all public goods & services already solved by Ben Franklin with monetary reform and public banking, backed by Thomas Edison, 86% of Economics professors

*hyperlinks/videos live at source*

In fields of specialized knowledge, we aim to render an account that is plain and simple, yet does no violence to the difficulty of the subject, so that the uninformed reader can understand us while the expert cannot fault us. We try to keep in mind a saying attributed to Einstein—that everything must be made as simple as possible, but not one bit simpler. ~ A letter from the publisher, Time Magazine, 1962

This is an open letter that I will share with leaderships within my own school board and teachers’ union. I will follow-up with their responses.

Colleagues and I presenting this data have written and presented at professional international economic conferences and have zero challenges to this information, such as this 2015 paper to ~2,000 people at an international economics conference at The Claremont Colleges, and this 2012 paper.

Mar 09 06:41

Bitcoin Double Top?

Mar 08 18:07

Toys "R" Us Preparing To Liquidate

The once iconic toy retailer is set for the dust bin of history, and having failed to find a buyer in bankruptcy court is preparing for the final indignity: liquidation.

Mar 08 14:26

European stock markets look ugly

Mar 08 13:56

Trump announces tariffs on steel, aluminum imports

After a week of hints and uncertainty, President Donald Trump said Thursday he would announce tariffs on imported steel and aluminum but with temporary exemptions for Canada and Mexico as he seeks to revise the North American Free Trade Agreement. He suggested Australia and "other countries" might also be spared, a shift that could soften the international blow amid threats of retaliation by trading partners.

Trump's tariffs on steel and aluminum imports will take effect in 15 days, with Canada and Mexico indefinitely exempted from the duties, according to people outside the White House who were briefed on the plans Thursday. The people spoke on condition of anonymity ahead of the president's signing of the orders.

Webmaster's Commentary: 

The trade war just started.

Mar 08 12:49


Mar 08 12:08

Head & Shoulders?

Mar 08 11:12

Point of View: Action needed for LA's homeless encampments

Mar 08 10:21


Housing and Urban Development Secretary Ben Carson is being widely condemned for plans to slash anti-discrimination language from HUD's mission statement in favor of language that emphasizes "self-sufficiency."

The revision, first reported by Amanda Terkel at The Huffington Post, was made "in an effort to align HUD's mission with the Secretary's priorities and that of the [Trump] administration," according to a March 5 memo obtained by Terkel.

The new mission statement is:

"HUD's mission is to ensure Americans have access to fair, affordable housing and opportunities to achieve self-sufficiency, thereby strengthening our communities and nation."

The previous version, which promoted creating "inclusive from discrimination" and is still on the agency's website, was:

Webmaster's Commentary: 

I think where Dr. Carson "missed the mark" was not combining the two, self-sufficiency, coupled with non-discrimination.

But we have to start with the educational system, in this country, which is still highly discriminatory against children of color, as though they should be consistently satisfied with "less than", and turned out at 17 or 18 illiterate, innumerate, and unable to think critically.

This is why we do seem to have a permanent underclass in this country, created, very cynically, by those political interests which thrive on keeping people dependent on the State; that keeps those people consistently voting in one direction, even when that direction has had a miserable outcome for them, their kids, and their grandkids, if, in fact, they are able to survive the mean streets of America's inner cities.

Does anyone remember the magnificent film, "Stand and Deliver", starring Edward James Olmos, which challenged his Hispanic math students and constantly reminded them that they were descended from the Aztecs, who were brilliant mathematicians, and who were doing math a heck of a lot better than were their European counterparts of the same time period?!?

Every kid in this country, no matter their background, deserves a narrative like that; something to both challenge and inspire; because without it, they become lost in the system.

Although Betsy DeVos, Secretary of Education, appeared to be more than a little tone-deaf, as when she made her appearance at Parkland in Florida, perhaps she has the right idea when it comes to privatizing education.

There are private schools which have a very decent track record at helping kids learn better; Kumon comes to mind here, and parents who feel that their kids are "not getting it" in their public educational programs flock to Kumon and schools like it, to make sure their kids can compete, and get into a good college or trade school when they graduate high school.

Perhaps an institution like Kumon should be given a shot at running a charter school in cities where the problems are the greatest with education, places like Baltimore or Chicago. See what the numbers look like, in terms of kids actually learning, compared to the horrific failures most public schools have become.

But in this century, with the advent, and use of AI, coupled with automation, kids need an entirely different set of tools, when it comes to what jobs in the 21st century are going to look like, and what they will need to compete. Fast food jobs will be all but eliminated, with the advent of technologies like "Flippy" taking the place of humans.

Meet Flippy, your burger-flipping robot

All of America's schools, and those who cobble together curriculum for those schools need to be highly mindful of this.

Mar 08 10:02

Step 1. Control The Economic Narrative, Step 2. Dismantle The Central Bank

SEC is now warning that crypto trading platforms might be unlawful. Job market is at full capacity, the only problem is that the quality of jobs is low and wages are declining.

Mar 08 09:39

Euro-Stocks Trashed

Mar 08 09:38

DEADLINE ALERT - Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Intel Corporation (INTC) & Lead Plaintiff Deadline: March 12, 2018

Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Intel Corporation ("Intel" or the "Company") (NASDAQ:INTC) and certain of its officers, on behalf of shareholders who purchased Intel securities between July 27, 2017 and January 4, 2018, both dates inclusive (“Class Period”). Such investors are encouraged to join this case by visiting the firm’s site:

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

Mar 08 09:27

The four mistakes that will sink the economy

Mar 08 09:11

LAPD defends rising arrests of homeless people

Los Angeles police on Tuesday defended stepped-up enforcement against the city's exploding homeless population, saying that despite officials' anti-criminalization stance and adoption of alternative strategies, arrests and citations are needed to meet the crisis.

"As a last resort, a tool, one tool of many tools, we turn to enforcement," Cmdr. Dominic H. Choi, the LAPD's homelessness coordinator, told the Police Commission during a discussion of the department's year-end homelessness report. "We have to have a balanced approach."

The report said LAPD officers made 14,500 misdemeanor arrests of homeless people in 2017, a 10% jump from the year before. It attributed the increase in part to crackdowns on "quality of life" violations barring sleeping and storing personal property on sidewalks. Trespassing and nonviolent drug possession arrests also rose, the report said.

Mar 08 09:07

Navy, Marine Corps leaders warn that China is 'weaponizing capital'

Top Navy and Marine Corps officials on Wednesday expressed concern over China’s expanding global reach and said the superpower was rapidly buying up foreign land to “win without fighting.”

“When it comes to China, the bottom line there is the checkbook,” Navy Secretary Richard V. Spencer told lawmakers during a House Appropriations defense subcommittee hearing.

“Not only in the dollars and cents that they are writing to support their military expansion and their technological work, but what they’re doing around the globe ... weaponizing capital.”

Spencer referred to Beijing’s current funding of a Sri Lankan port project, a move not done as aid but rather in order to secure it for themselves.

Mar 08 08:26

Protectionism not in Australia's interests: Turnbull

There is a glimmer of hope Australia may be able to secure an exemption from proposed US steel and aluminium tariffs after the White House opened up some wriggle room on national security grounds.

Australia, Canada and Mexico are among the countries trying to dodge the Trump administration's proposed 25 per cent tariff on steel and 10 per cent tariff on aluminium imports.

Mar 08 08:06

Home Flippers Pile Into the U.S. Market, Scoring Higher Profits

Property investors were bullish on the U.S. housing market in 2017, flipping more homes than in any year since 2006, when the real estate bubble that helped upend the global economy was still inflating.

Investors flipped more than 207,000 single-family houses and condos in the U.S. last year, Attom Data Solutions said in a report, which defines flips as sales that occur within 12 months of the last time the property changed hands. More than 138,000 investors flipped a home last year, the most since 2007.

“The long up-cycle that we’re in is giving more and more people confidence to try their hand at home-flipping,” said Daren Blomquist, senior vice president at Attom. Rising home prices are “pulling more people onto the bandwagon.”

Webmaster's Commentary: 

I'm forever blowing bubbles...

Mar 08 07:54

'Corporations Are People' Is Built on an Incredible 19th-Century Lie

Somewhat unintuitively, American corporations today enjoy many of the same rights as American citizens. Both, for instance, are entitled to the freedom of speech and the freedom of religion. How exactly did corporations come to be understood as “people” bestowed with the most fundamental constitutional rights? The answer can be found in a bizarre—even farcical—series of lawsuits over 130 years ago involving a lawyer who lied to the Supreme Court, an ethically challenged justice, and one of the most powerful corporations of the day.

Mar 08 07:51

Stockman Celebrates The End Of The Goldman Sachs Regency At The White House

The financial commentariat and the robo-machines are all in a tizzy this morning because Gary Cohn up and quit. But we say good riddance: The man gave Trump bad advice on nearly every single issue---trade, taxes, fiscal policy and the Fed.

We didn't make any bones about that viewpoint during our appearance on Fox Business this AM. When Maria Bartiromo asked us about Cohn's departure, our reply was: Hallelujah, the Goldman Sachs Regency in the White House is finally over!

Mar 08 07:31

Silver to Gold Ratio

Silver prices move farther and faster than gold prices, both up and down. When long term rallies begin silver often lags gold as in early 2018. The current gold to silver ratio at eighty to one is high. Fifty-nine to one has been the average for 40 years. Prior to 1913 the average was about 15 to one.

An eighty to one gold to silver ratio shows prices for gold and silver are too low. At silver price peaks the ratio will drop to thirty or even fifteen to one.

The silver to gold ratio (inverse of the gold to silver ratio) is a good indicator of silver price lows. Examine the following graph. The ratio sits at a long-term low in early 2018. The four other ratio lows in the past 30 years have been good times to buy silver.

Mar 08 04:05

The Death Of Buy-And-Hold: We're All Traders Now

The percentage of household assets invested in stocks fell from almost 40% in 1969 to a mere 13% in 1982, after thirteen years of grinding losses.

Mar 07 22:59

Report: Amazon Earned Billions In 2017, But Paid No U.S. Income Taxes

Matthew Gardner asks, 'For states contemplating tax incentives for Amazon, the salient question is: what do you give a tax avoider who already has everything?'

Mar 07 20:12

Arizona woman says California 'sanctuary' laws pushed her out of San Diego

(KGTV) - A former Oceanside resident whose son was fatally injured in a 2011 crash involving an undocumented immigrant said

Brenda Sparks, who has since moved from San Diego County to Arizona, said she was forced to leave because California's government "does not want to protect me."

Mar 07 19:33

What Correction?

Mar 07 17:23


The Russians are coming. They hacked our elections. They are lurking behind numerous alternative political movements and news outlets. Such is the overwhelming chorus from traditional reporting on Russia, which sees the United States as being under threat from fanatical Russian expansionism?—?expansionism which has gone so far as to interfere dramatically in the 2016 Presidential elections.

Mar 07 16:52

FLASHBACK - Special report: Romney's steel skeleton in the Bain closet

Apparently they liked what they saw. Soon after, in October 1993, Bain Capital, co-founded by Mitt Romney, became majority shareholder in a steel mill that had been operating since 1888.

It was a gamble. The old mill, renamed GS Technologies, needed expensive updating, and demand for its products was susceptible to cycles in the mining industry and commodities markets.

Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut by as much as $400 a month.

What’s more, a federal government insurance agency had to pony up $44 million to bail out the company’s underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.

Mar 07 16:45

Wyoming Legislature Passes Bill to End All Taxation of Gold and Silver

Sound Money Bill Heads to Governor Matt Mead’s Desk

Following a 44-14 vote in the Wyoming House last week, the Wyoming State Senate today overwhelmingly approved a bill which helps restore constitutional, sound money in Wyoming...

Mar 07 16:18

Home Prices Sink, Sales Plunge in Toronto

Mar 07 13:47

Brussels will hike charges on billions of pounds worth of US exports to Europe if Donald Trump imposes steel tariffs – including kitchen sinks

Brussels is set to hit back at Donald Trump's steel tariffs by hiking charges on a vast array of exports to the US - including the kitchen sink.

The US President has fired off the first salvos of a trade war by laying out plans to impose tariffs on goods heading for America, even from the country's closest allies.

Theresa May has joined political leaders from around the world to urge the US President not to go ahead with his protectionist plan.

But Mr Trump has rejected their plea, prompting the EU to draw up plans to hit back by slapping higher charges on a range of US exports heading to Europe.

This will include new 25 per cent charges on yachts, peanut butter lipstick, bed linen, motorbikes and trousers.

Mar 07 13:19

Cost Of Housing Has Soared So High Americans Are Sliding Into Poverty

Housing prices in the United States continue to rise at unprecedented rates, forcing many into poverty. This worsening epidemic is explained well in a video by The Money GPS and it’s been engineered this way.

As nations increase taxes and regulations, the price of complying also goes up. Many of these hikes are passed onto to those who are already living paycheck to paycheck forcing them to live in poverty. “You came here for the truth, so let me unveil that for you,” says Money GPS.

Mar 07 13:19

Trump Trade Wars A Perfect Smokescreen For A Market Crash

Trump is instituting potentially solid policies but he is doing so out of order. Tax cuts for corporations should have been enacted only as an incentive for manufacturing jobs to be returned to America. Instead, corporations got tax cuts for absolutely nothing. And will those tax cuts go towards more jobs or innovation? Nope. They will be going to pay off unprecedented corporate debts, and stock buybacks, most of which were accrued through borrowing from the Federal Reserve.

Mar 07 13:18

"We Must Act Soon" - Trump Asks China To Reduce Trade Deficit

Having reached a record high trade deficit with China this morning, President Trump turned his attention from "global" tariffs to China.

Mar 07 13:17

Fed President Warns Trade Wars May Delay Rate Hikes

While the Fed had clearly raised its economic outlook since the December FOMC meeting and into 2018 as a result of recent strong wage inflation prints, that may soon change, and not only because the global economic impulse is suddenly slowing fast as shown by the recent drop in the global economic surprise index...

... but mostly as a result of a potential economic slowdown resulting from Trump trade tariffs.

That was the take home message from Atlanta Fed's (voting) president Raphael Bostic, who suggested that Trump's trade war could offset any positive boost from the Trump fiscal stimulus.

Speaking to reporters in Florida, Bostic said that “some of the developments with the trade policy has introduced some uncertainty as to how the economy is going to perform, so I am really taking a wait-and-see attitude,’’ Asked whether he was deciding between two or three increases, or three or four, he said, “Everything is on the table."

Mar 07 12:47

8 U.S. Code § 1324a - Unlawful employment of aliens

Civil lawsuits take years. Enforcement of pre-existing laws is where this should start. Here is a beginning. Larry Klayman for AG!

8 U.S. Code § 1324 - Bringing in and harboring certain aliens

18 U.S. Code § 2384 - Seditious conspiracy

18 U.S. Code § 2383 - Rebellion or insurrection


18 U.S. Code § 1961 - Definitions

Mar 07 11:37

U.S. Steel To Start Idle Plant, Bring Back 500 Workers

A long-idled U.S. Steel plant says they will call back hundreds of employees and restart one of two blast furnaces in anticipation of increased demand for steel.

The steelmaking facilities are at the company’s Granite City Works plants in Illinois.

Mar 07 11:35

Yield Spread Sends “Recession Warning”