ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 12 16:17

Dollar To Stabilize At Lower Value Soon

Jun 12 15:19

Equality? Female students can sit exam at home

The University of Oxford faces fresh allegations of sexism, after its history department announced it would allow students to sit exams from home in order to help close the gender gap.

As of next term, students will be able to replace one of their five final-year exams with a “take-home” paper, as part of reforms to Oxford’s History Faculty.

Jun 12 14:56

Another Week, Another 1,000 STORES CLOSE…

Jun 12 14:43

Aldi is planning to add 25,000 jobs by 2022. Here’s how to snag one of them

Germany's Aldi to Spend $3.4 Billion to Expand US Store Base to 2,500

German grocery chain Aldi Inc. said it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022, raising the stakes for rivals caught in a price war.

Aldi operates 1,600 U.S. stores and earlier this year said it would add another 400 by the end of 2018 and spend $1.6 billion to remodel 1,300 of them.

The investment, which raises Aldi's capital expenditure to at least $5 billion so far this year, comes at a time of intense competition and disruption in the industry.

"We're growing at a time when other retailers are struggling," Hart said in a statement. Hart added that Aldi's prices were also up to 50 percent lower than traditional grocery chains, a move that appeared to follow rival Lidl's announcement on prices.

Jun 12 14:32

The British economy is in the toilet – Pound hits seven-month low

The pound is dipping back towards $1.27, down 0.2% today, as investors analyse these warnings from Moody’s and S&P and wait for developments in Westminster.

Jun 12 14:23

The Everything Bubble, The Subprime Mortgage Is Reborn

This cycle’s main bubble is in government bonds and fiat currencies, with a dash of large-cap tech thrown in for variety. But like a hurricane spawning tornadoes at its periphery, this Money Bubble is creating secondary bubbles like student debt and subprime auto loans that are impressively destructive in their own right.

Jun 12 14:21

How close to collapse is the rigged the stock market?

We just saw a major rift open in the US stock market that we haven’t seen since the dot-com bust in 1999. While the Dow rose by almost half a percent to a new all-time high, the NASDAQ, because it is heavier tech stocks, plunged almost 2%. Tech stocks nosedived while others rose to create new highs. Is this a one-off, or has a purge begun for the tech stocks that have driven the nation’s third-longest bull market?

Jun 12 13:58

America’s conflicted housing market

Americans have been gung-ho in recent years about the housing market, bidding up prices with gusto as they went. The election helped. By February, the Fannie Mae Home Purchase Sentiment Index (HPSI) had shot up to 88.3, up 5.6 points year-over-year, and the highest ever in the data series going back to 2011.

Jun 12 11:15

Banco Santander ‘saves’ Banco Popular: it smells

What was bound to happen has now finally happened; a major European bank has collapsed. Despite not being one of the largest banks, Banco Popular definitely was one of the better-known names in Spain and Southern Europe as a whole.

Jun 12 11:10

Economy emerges as bright spot for Trump

The economy is emerging as a bright spot for President Trump as he struggles to move his congressional agenda amid a series of controversies.

The S&P 500 is up more than 12 percent since Election Day, unemployment has reached a 16-year low and economic growth in the coming year is expected to reach 2.3 percent, more robust growth than the 1.6 percent it grew in 2016.

Trump sought to play up his handling of the economy again on Friday at an event to end a week meant to highlight his efforts on legislation to fund new infrastructure projects across the country.

“We are here to think big, to act boldly, and to rise above the petty partisan squabbling of Washington, D.C. We are here to take action. It’s time to start building in our country, with American workers and with American iron and aluminum and steel,” Trump said in a speech at the Department of Transportation.

Webmaster's Commentary: 

Be careful about that alleged unemployment figure; it is slanted to hide the numbers of Americans who cannot find work, by dropping them from the labor statistics if they have been out of work for 3 weeks or more.

Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May

Jun 12 11:08

According To The Latest Data We Could Be Weeks Away From An Economic Crisis

Restaurant sales and traffic have declined, reports are coming in that the retail industry, food and service industries are declining at a rapid pace. Another Spanish bank might be on the verge of a bail-in, Liberbank is collapsing.

Jun 12 10:36

A Half Century of Bubbles... Perhaps this is Why

Disposable income is the amount of money households have available for spending and/or saving after income taxes are paid. About as simple as it gets, how much do folks have left to drive economic consumption after they pay Uncle Sam.

Jun 12 10:33

Will Fed Inflation Force the Dollar to Collapse?

Silver price will skyrocket as The Fed may soon set it’s sights on a much faster rate of devaluation of the dollar. The current target of 2% is not enough the currency is not devaluing fast enough to feed the monster.

Jun 12 10:09

Will Fed Inflation Force the Dollar to Collapse?

Silver price will skyrocket as The Fed may soon set it’s sights on a much faster rate of devaluation of the dollar. The current target of 2% is not enough the currency is not devaluing fast enough to feed the monster.

Jun 12 09:20

It's Confirmed: Without Government Subsidies, Tesla Sales Implode

In 2015 Tesla sold a total of 2,738 cars in Denmark. In 2016 - when Denmark phased out subsidies for electric vehicles - the number crashed by 94% to just 176 units.

Jun 12 09:19

AAPL Loses $50BN In Market Cap As Citi Piles On: Cuts EPS, iPhone Sales Forecast

Apple has lost over $56 billion in market cap in the past two days, and now adding insult to injury, Citi's analyst Jim Suva said he is lowering his September estimates for iPhone units, total revenues and EPS.

Jun 12 09:12

Traders Are Buying The Most Nasdaq Downside Protection Since Lehman

Friday was volumes of Nasdaq ETF put options explode higher as investors rushed to protect their downside as FANG stocks led the tech wreck. This is the biggest spike in volume since Lehman in September 2008.

Jun 12 09:02

Americans Suddenly Sour on the Housing Market

It’s a Great Time to Sell and a Bad Time to Buy, they think.

Jun 12 09:01

Psychiatric Hospital Chain Under Department of Defense & FBI Investigation

The U.S. Department of Defense (DOD) and the Federal Bureau of Investigation (FBI) have joined the multi-Federal agency investigations into the largest psychiatric hospital chain owned by Universal Health Services (UHS). The agencies are “scrutinizing UHS’s billings to Tricare, the insurance plan for active military and their families,” according to the latest BuzzFeed News expose.[1] Rosalind Adams, an award-winning journalist with BuzzFeedNews, conducted an independent investigation into UHS saying that investigators have cited “troubling reports suggesting a pattern of quality of care issues” or “harm to patients” in some UHS facilities operating in a dozen states.

Jun 12 08:59

GAZPROM PLANS 2ND TURKISH STREAM PIPE TO BYPASS UKRAINE

Russia’s Gazprom, Greece’s DEPA, and Italy’s Edison have signed an agreement of cooperation in St Petersburg that envisages joint efforts aimed at establishing a southern route for gas supplies from Russia to Europe, which will run across Turkey and Greece to Italy.

Jun 12 08:55

WHERE IS MY DAMN FOOD STAMPS!!

Jun 12 08:15

Ivanka to join Trump in jobs push

President Trump and daughter Ivanka Trump will hit the road next week to focus on workforce development and job creation as the White House looks to turn the page on former FBI Director James Comey.

Jun 12 08:14

Gold bull Jordan Roy-Byrne explains why he’s bearish gold for the remainder of 2017

“For this bull market to really be reignited we need to see gold outperforming the stock market, and it looks tenuous right now at best.”

Jun 12 08:08

Record Breaking U.S. Exports Could Hurt Oil Markets

U.S. exports have spiked in recent weeks, upending longstanding trade flows. But while that may be good news for some U.S. drillers, the unusually high level of crude exports are not obviously a good sign about the health of the oil market. At the same time, it is not guaranteed that U.S. producers will be able to continue to ship oil abroad at such a high rate for very long.

Jun 12 08:04

Dear Mr. President, Be Careful What You Wish for: Higher Interest Rates Will Kill the Recovery

Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF. The move is not necessary to counteract inflation and shows that the Fed is operating from the wrong model.

Responding to earlier presidential pressure, the Federal Reserve is expected to raise interest rates this week for the third time since November, from a fed funds target of 1% to 1.25%. But as noted in The Guardian in a March 2017 article titled “Trump Is Set to Win the Battle on Interest Rates, but US Economy Will Pay the Price”:

Jun 12 07:29

We've Lost All Sense Of The Common Good

The theory of American civics is that the competitive process of every group advocating for its narrow self-interests will magically generate the Common Good, that is, a political and social order that serves everyone's common/shared interests.

Unfortunately, that's not how civic life functions in real-world America. We have completely lost any sense of a Common Good. All we have now is a cut-throat competition between entrenched special interests for a fatter slice of the pie while the bottom 95% have essentially no political voice and a rapidly diminishing say in the economy.

Jun 12 07:28

Steen Jakobsen: 60% Probability Of Recession In The Next 18 Months, The World Economic Engine Is Slowing To A Standstill

Steen Jakobsen back on, Chief Investment Officer of Saxo Bank, returns to the podcast this week to share with us the warning signs of slowing economic growth he's seeing in major markets all over the world.

Jun 12 06:41

They Want To Make The Rest Of The Country Just Like California

If millions are leaving California because life there is so horrible, then why would those same people want to try to make their new communities more like the state that they just left?

Jun 12 02:58

Illinois In Deep Financial Trouble

Illinois Comptroller Susana Mendoza was ordered to make a “substantial” dent in a $2 billion backlog of bills owed to Medicaid providers. The courts ruled that according to the State Constitution, it cannot reduce the pension payments to state employees.

Jun 12 01:58

Legendary Investor Jim Rogers Warns That The Worst Stock Market Crash In Your Lifetime Is Coming ‘This Year Or Next’

If Jim Rogers is right, the worst stock market crash that any of us has ever seen is right around the corner. For the past 15 years, Rogers has been a frequent guest analyst on CNBC, Fox News and elsewhere, and he is immensely respected for the depth of knowledge and experience that he brings to the table.

Jun 11 17:43

Another Wall In The BRIC?

B.R.I.C. equity markets have had a nice run over the past 15 months – but are they hitting a wall?

Jun 11 12:38

MASSIVE Bail-In of Banco Popular In Spain! - This Is Just The Beginning!

Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about the most recent bail-in on the world stage. Banco Popular was just bought by Santander for a stunning ONE EURO!

Jun 11 11:31

Restaurant Sales, Traffic Tumble: "The Industry Hasn't Reported A Positive Month Since February 2016"

After 14 months of continuous declines for the restaurant industry, the end of the tunnel is nowhere in sight.

Jun 11 08:40

Cool Qatar: Riyadh plan backfires after Trump flip-flop & Turkey ruse

Saudi Arabia’s standoff against Qatar was fraught with miscalculations and comically ill-conceived notions from the start. But now the crisis is becoming a threat to Riyadh’s own prominence and security in the Middle East.

Jun 11 07:55

Meet The Three Headed Debt Monster That's Going To Ravage The Economy

Something strange and somewhat senseless happened this week. On Tuesday, the price of gold jumped over $13 per ounce. This, in itself, is nothing too remarkable. However, at precisely the same time gold was jumping, the yield on the 10-Year Treasury note was slip sliding down to 2.15 percent.

Jun 11 07:55

U.S. Weeks Away From A Recession According To Latest Loan Data

While many "conventional" indicators of US economic vibrancy and strength have lost their informational and predictive value over the past decade (GDP fluctuates erratically especially in Q1, employment is the lowest this century yet real wage growth is non-existent, inflation remains under the Fed's target despite its $4.5 trillion balance sheet and so on), one indicator has remained a stubbornly fail-safe marker of economic contraction: since the 1960, every time Commercial & Industrial loan balances have declined (or simply stopped growing), whether due to tighter loan supply or declining demand, a recession was already either in progress or would start soon.

This can be seen on both the linked chart, and the one zoomed in below, which shows the uncanny correlation between loan growth and economic recession.

Jun 11 07:18

Is Another Spanish Bank about to Bite the Dust?

Stockholders and junior bondholders fear a “bail-in.”

Jun 11 06:43

Gregory Mannarino - Market Crash and Civil War Possible, Deep State Will Take Down Markets

The so-called Deep State has been trying to take President Trump down, and nothing has worked. If the Deep State cannot take Trump down, what are they going to do? Trader/analyst Gregory Mannarino says, “They are going to collapse the economy.

Jun 10 10:48

How Can You Stop Or Slow Down Inflation?

Jun 10 09:27

The IRS Can Seize Your Money Based on a Hunch. This Bill Will Bring That to an End.

The IRS, not content with expropriating the wealth of its citizens on April 15 every year, has now taken up the practice of seizing funds that have been involved in perfectly legal transactions on the basis of a hunch.

Thankfully, legislation in the House and the Senate has been introduced to bring this practice to a halt. Both chambers should act on the bills swiftly.

urrent law circumvents ancient concepts like due process and innocence until guilt is proven. The federal government then places the burden of reclaiming the assets on the citizen it targeted.

This situation threatens the liberty of American citizens.

The Treasury’s inspector general for tax administration conducted a review of this practice and concluded in a March 30 report that the IRS “criminal investigators mainly pursued law-abiding citizens and businesses when seizing assets in civil forfeiture cases because they were easier to go after.”

Webmaster's Commentary: 

Were I a betting woman, I would not bet that this legislation will, in fact, come to pass, as attractive and reasonable as this legislation sounds.

The IRS has become a Frankenstinian, out of control monster, and the 16th Amendment to the Constitution, upon which this was founded, was never legally ratified.

16th Amendment Fraudulently Declared Ratified

Jun 10 09:24

Mall Tenants Seek Shorter Leases As America's Relics Of The 80's Teeter On The Brink

As if things weren't bad enough for America's mall owners, what with the having to filling their retail space with high schools, grocers and churches, it seems that retailers have grown so uncertain about the future of these 1980s relics that they're only willing to sign 1-2 [year] leases these days.

As Bloomberg points out this morning, leases renewals used to be 5-10 years in length but are increasingly only being signed with 1-2 year terms. Meanwhile, thousands of stores are closing each year and it's only expected to get worse over time.

Jun 10 08:56

Wall Street Wakes Up to #Carmageddon

Auto industry faces “Unprecedented Buyer’s Strike”: Morgan Stanley

Jun 10 06:05

The Central Bankers Have Been Using The Last 9 Years To Protect Themselves

Greek government is getting ready to freeze pensions to 2022 as a requirement for more debt. Someone dumped 4 billion on notional gold contracts and silver contracts.Consumers are tapped out and the purchases of autos, student loans and using the credit cards is now slowing down.

Jun 10 03:58

Is The Electric Car Boom Overhyped?

Jun 09 16:29

ECB In Serious Trouble

The European Central Bank (ECB) left its stimulus programs and record low interest rates unchanged. Pundit was seeing some cyclical signs of what they hoped was a spreading recovery in the 19 countries that use the euro currency rather than just a bounce in anticipation of tourist season. The ECB dropped any wording that it could lower interest rates further, which is a claimed sign of greater confidence in the economy, but in reality, is more of a reflection of it being trapped in desperate nightmarish measures.

Jun 09 15:51

What is the Russian Hack Hoax Designed to Divert us from?

Is the fixation on the Russia election hacking hoax diverting the public's attention from a real financial storm?

Jun 09 15:42

Someone Just Dumped $4 Billion Of Gold Futures Ahead Of Comey Testimony

Just minutes ahead of James Comey’s testimony that many hope will lead to Trump impeachment, it appears someone decided it was an opportune time to dump $4 billion notional gold futures, seemingly confident this will not be a “constitutional crisis.”

Jun 09 14:16

Is the debt timebomb about to explode?

The debt time bomb continues to tick. There is growing evidence that we’re getting close to an explosion.

And what do we have to show for trillions in borrowing?

Not a whole lot.

Jun 09 13:21

After the crash: The homeless will be our survival saviours

Homeless people are the ultimate survivors, and understanding how they live on the streets can teach people a thing or two about staying alive even in the worst conditions. When disaster strikes, you could very well end up homeless yourself. When that happens, keep in mind the following survival habits that help keep homeless people alive.

Jun 09 12:59

Bank Stocks Have a Completely New Risk

Jun 09 12:47

After Laying off Thousands, Boeing CEO Says Offshoring Work to China Won’t “Directly Harm” US Jobs

“We know as we’re investing there, we’re also creating a competitor.”

Jun 09 12:32

AFTER LAYING OFF THOUSANDS, BOEING CEO SAYS OFFSHORING WORK TO CHINA WON’T “DIRECTLY HARM” US JOBS

Boeing, the largest US exporter by dollar value, faces a tough environment for commercial jetliners. In 2016, net orders dropped 13% from 2015 and 53% from 2014, to just 668 planes, the lowest level since 2010! Through June 6, 2017, Boeing has just 208 net orders.

The company is under pressure to cut costs. So there has been wave after wave of job cuts through voluntary buyouts and involuntary layoffs last year and this year. Its payroll has shriveled by about 30,000 workers over the past five years. At the end of May it was down to 145,000.

Webmaster's Commentary: 

Forgive me, but has Boeing's President, Dennis Muilenburg, gone absolutely barking dog, foaming at the mouth mad, to make such a statement?!?

Jun 09 11:35

4 World-Famous Websites Who Ripped off Their Ideas from Someone Else

Look into the histories of world-famous websites like Facebook, Twitter, Hulu, and PayPal, and you’ll find they ripped off smaller, less well-funded competitors for their ideas, marketing strategies, and even business models. It’s not subtle, either. They took someone else’s idea and ran with it, making it worth millions or even billions in the process.

Sure, they improved the product. Sure, they had better marketing. Sure, they just plain got it done, when no one else could.

Without a doubt, they deserve credit for everything they’ve done, but they don’t get to claim they were first. Let’s take a look into their histories, and I’ll show you what I mean.

Jun 09 10:47

233 House Republicans Just Set Course For Next Financial Collapse

The Republican-controlled House of Representatives passed the Financial CHOICE Act on Thursday afternoon in a move critics—who call it the #WrongChoiceAct—say puts the U.S. economy on a path towards the next large-scale financial meltdown.

Jun 09 09:46

U.S. Producing A Lot Of Natural Gas, But Still Not Any Making Money

Even though the United States continues to produce a lot of natural gas, the energy industry is still struggling to make any money doing it. This is likely the reason that U.S. natural gas production has finally declined this year versus the peak in 2016.

Jun 09 09:38

Electric Cars Go Exponential

Until very recently, consensus opinion has viewed electric cars as at best a niche market and at worst a passing fad.

Jun 09 09:02

Pound Nosedives as UK Exit Polls Show Tories Falling Short of Overall Majority

The British pound plummeted to a mere $1.27 after shocking exit polls projected that the UK may end election night with a hung Parliament.

Jun 09 09:00

ECONOMIC COLLAPSE HEDGE & OPPORTUNITY

Jun 09 08:12

India & Pakistan to join SCO during landmark Astana summit

The Shanghai Cooperation Organization summit is kicking off in Kazakhstan, with the admission of India and Pakistan topping the agenda. Russian President Vladimir Putin, who already met Chinese leader Xi Jinping, will take part in the leaders’ meeting.

Jun 09 07:55

More people betting against Tesla than any other US company, Musk bites back

Elon Musk has lashed out at detractors after a report that his company, Tesla, is now the largest shorted stock in the US equity market.

Jun 08 16:58

We Just Had A Bank Bail-In, Anyone Paying Attention

Retail sales are down in the UK, inflation rising and spending is down. Sears is closing another 66 stores and the retail apocalypse take hold.

Jun 08 15:50

While Comey And Trump Feud, Wall Street Moved One Step Closer To Repealing Dodd-Frank

While much of the nation’s attention was focused on James Comey’s account of his interactions with President Donald Trump on Thursday, a key part of the president’s anti-regulatory agenda moved forward in Congress with far less fanfare: The House passed a bill that would dismantle the Dodd-Frank financial regulations put in place in 2010. The vote gave the the financial industry its largest victory in its nearly decade-long battle to roll back the government’s regulatory response to the largest financial crisis since the Great Depression.

Jun 08 11:24

AS WE INCH TOWARD SOCIALISM, POVERTY BECOMES THE RULE, NOT THE EXCEPTION

In areas where socialist policies, such as high taxes and major wealth redistribution take place, poverty is taking a hold. As the United States inches closer to socialism in terms of policy, poverty is becoming more prevalent. The only thing that communism and socialism apply equally to everyone is poverty, and according to doctors in the UK, it’s becoming the rule, not the exception.

Let’s take a look at the socialist UK overseas. Nearly one in three children in the UK (a total of four million) live in poverty. It’s a statistic that perhaps many people find shocking, but they shouldn’t. They just don’t understand that the complete control of the UK economy by the government is hampering the ability of civilians to earn money. It’s easy for the government to earn money – they simply steal it. Of course, civilians cannot just take things from others.But it’s becoming a concern for doctors, and driving up the cost of healthcare causing, even more, government interference.

Jun 08 11:02

QATAR'S CREDIT RATING CUT OVER GULF BLOCKADE CRISIS

International rating agency Standard & Poor’s (S&P) has downgraded Qatar’s credit rating as outflows from portfolio investments have dragged the emirate’s national currency to 11-year lows.

The Arab Gulf state's long-term rating was cut one notch to AA- from AA. The agency put the rating on CreditWatch with negative implications, expecting further lowering.

Earlier this week, some Muslim countries led by neighboring Saudi Arabia cut diplomatic, trade and transport ties with Qatar due to alleged support of terrorism, a charge that Doha denies.

S&P said the blockade could exacerbate Qatar's external vulnerabilities and put pressure on economic growth and fiscal stability.

“We expect that economic growth will slow, not just through reduced regional trade, but as corporate profitability is damaged because regional demand is cut off, investment is hampered, and investment confidence wanes,” said the US-based agency.

Jun 08 10:21

CENTRAL BANKS NOW OWN STOCKS AND BONDS WORTH TRILLIONS – AND THEY COULD CRASH THE MARKETS BY SELLING THEM

Have you ever wondered why stocks just seem to keep going up no matter what happens? For years, financial markets have been behaving in ways that seem to defy any rational explanation, but once you understand the role that central banks have been playing everything begins to make sense. In the aftermath of the great financial crisis of 2008, global central banks began to buy stocks, bonds and other financial assets in very large quantities and they haven’t stopped since. In fact, as you will see below, global central banks are on pace to buy 3.6 trillion dollars worth of stocks and bonds this year alone. At this point, the Swiss National Bank owns more publicly-traded shares of Facebook than Mark Zuckerberg does, and the Bank of Japan is now a top-five owner in 81 different large Japanese firms.

Jun 08 10:13

“BAIL-IN” ERA FOR EUROPE’S BANKING CRISIS BEGINS

Banco Popular, until today Spain’s sixth biggest bank, is no more. Its assets, including a massive portfolio of small-business clients, now belong to Banco Santander, Spain’s biggest bank. The global giant now has 17 million customers in Spain, a country of just 45 million people. The price was €1.

Spain’s Ministry of the Economy revealed that by 3 pm Tuesday, Popular was no longer able to contain the deposit outflow. “It had exhausted all its lines of liquidity, both ordinary and extraordinary.” It had run out of collateral to cover any further lines of emergency liquidity.

This apparently triggered the intervention by the ECB’s Single Resolution Board (SRB), which decided on Tuesday that the bank “was failing or likely to fail” and would have to be wound down, unless a buyer could be found.

Banco Popular’s shareholders, who’d been repeatedly suckered into handing Popular fresh funds in numerous capital expansions, will be wiped out.

Webmaster's Commentary: 

Please don't think for a moment that this couldn't happen in the US; banking laws have been amended in this country to allow just such an outcome.

US banks can already take your money.

Jun 08 09:32

Debt Has No Consequences? Color Me Skeptical

The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences.

Jun 08 09:30

Is Russia Running Out Of Patience With OPEC?

Fulfilling its promise to all other signatories of the Vienna deal, Russia has cut its crude production by 300 000 barrels per day. The relative ease with which both the Russian government and Russian oil companies have implemented the provisions of the agreement are demonstrative of their eagerness for an oil price hike. It was not only state-owned companies like Rosneft and Gazprom Neft that took part in the production cutting, but also private majors like LUKOIL and Surgutneftegaz. But as time goes on, Russian majors will incrementally question the validity of the production cuts that are sure to hinder their potential output growth.

Jun 08 07:53

THE GREAT GOLD SUPPLY DISCONNECT: Market Severely Undervalues Price

The market has no clue that it has severely undervalued the price of gold. While Central bank intervention has worked hard at capping the gold price, the “Great Gold Supply Disconnect” will most certainly remedy that situation. This gold supply disconnect took place after the gold price peaked in 2011.

Jun 08 06:21

Next Asset Bubble Cracks: It’s so Big even the Fed is Fretting

Commercial Real Estate’s boom-and-bust cycle heads south.

Jun 08 05:47

“BAIL-IN” ERA FOR EUROPE’S BANKING CRISIS BEGINS

Banco Popular, until today Spain’s sixth biggest bank, is no more. Its assets, including a massive portfolio of small-business clients, now belong to Banco Santander, Spain’s biggest bank. The global giant now has 17 million customers in Spain, a country of just 45 million people. The price was €1. Spain’s Ministry of the Economy revealed that by 3 pm Tuesday, Popular was no longer able to contain the deposit outflow. “It had exhausted all its lines of liquidity, both ordinary and extraordinary.” It had run out of collateral to cover any further lines of emergency liquidity.

Jun 08 01:55

Central Banks Now Own Stocks And Bonds Worth Trillions – And They Could Crash The Markets By Selling Them

Have you ever wondered why stocks just seem to keep going up no matter what happens? For years, financial markets have been behaving in ways that seem to defy any rational explanation, but once you understand the role that central banks have been playing everything begins to make sense.

Jun 07 20:07

Obsolete — Full Documentary Official (2016)

Jun 07 16:42

Is The Electric Car Boom Running Out Of Fuel?

A perfect storm is brewing in the 21st-Century energy market, and it has nothing to do with OPEC.

Jun 07 13:30

The Last Stage Of Popping The Bubbles Has Begun, It's Only A Matter Of Time

Macy's issues warning that profits are declining. Bankruptcies for consumers and businesses are on the rise, looks like 2008 all over again. Nancy Pelosi says she is going to put up a fight over the debt ceiling.

Jun 07 13:17

Great Debt Unwind: Bankruptcies by Consumers and Businesses Jump, The Debt Slaves Are Beginning To Buckle Under Their Loads.

Consumer and business bankruptcies are rising again, after declining for years since the Financial Crisis. That’s not a propitious sign.

Jun 07 11:40

Starving Indian Farmers Eat Rats as Protest in Delhi

The Rats weren't skinned or cooked.They were eaten whole and live,no curry!

Nita Bhalla |

(Reuters) Indian farmers hit by drought and debt displayed the skulls of fellow farmers, believed to have committed suicide, and placed live rats in their mouths at a protest on Monday calling on Prime Minister Narendra Modi to save them from starvation.

The farmers, who traveled to the Indian capital from the southern state of Tamil Nadu, say lack of rains over the last year have led to crop failure, forcing many to take loans from banks and moneylenders to survive.

Jun 07 10:58

Should Bears Be ‘Banking’ On This Divergence?

It’s no secret that financials have been badly lagging of late; but is it as much of a red flag as many have been suggesting?

Jun 07 09:23

Keiser Report: Is There A Tech Bubble?

In this episode of the Keiser Report Max and Stacy ask whether or not there is a tech bubble and, if so, whether there are cracks appearing in that bubble.

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