Meanwhile In London, A Stunning Scene Emerges
Obama Administration Launches Probe Into Trump Hotel Workers' Wages
Pound Spikes After Two Latest Brexit Polls Show Remain In Lead, JPM Poll Finds "Small Lead For Remain"
Hillary Clinton's IT Aide Pleads The Fifth Over 125 Times
Online Gun Store Sells 30,000 AR-15s In Week After Orlando
Something Strange Emerges When Looking Behind The "Brexit" Bookie Odds
Hedges Soar, Markets Snore As Traders Brace For Big Brexit Day
Artist's Impression Of The Crooked House Of Clinton
"It's An Alice In Wonderland World" - GRI Warns "Debt Is Being Piled Upon Debt Being Piled Upon Debt"
Desperate Sellers Resort To Dramatic Price Cuts In Manhattan's Luxury Real Estate Market
UK Banks Told To Model Capital Controls, Bank Runs, 20% Devaluation
German Government Agrees "Indefinite" Ban On Fracking
Is Soros Wrong?
from Gregory Mannarino:
by Daisy Luther, The Organic Prepper:
With all that is being written about the economic collapses of nations around the globe, people in America seem to be waiting for some huge event.
But what if it isn’t a huge event like a stock market crash or a currency collapse that you actually need to be concerned about? What if our disaster starts out looking nothing like the economic crises in Argentina, Venezuela or Greece? What if the real financial disaster in the future is more personal? What, if that financial disaster has already happened?
Read More
With all that is being written about the economic collapses of nations around the globe, people in America seem to be waiting for some huge event.
But what if it isn’t a huge event like a stock market crash or a currency collapse that you actually need to be concerned about? What if our disaster starts out looking nothing like the economic crises in Argentina, Venezuela or Greece? What if the real financial disaster in the future is more personal? What, if that financial disaster has already happened?
Read More
by Louis Cammarosano, Smaulgld:
Politicians, The Media and Fed Members Themselves Begin To Question The Fed, its Policies and Credibility
For years Ron Paul was the lone voice crying in the wilderness against the inanity of Federal Reserve monetary policy and the Fed itself. Congressman’s Paul’s exchanges with Fed Chairman Ben Bernanke were classic. Since Mr. Paul retired from Congress in 2013, Fed policy has been as confused as ever. But until recently has gone unquestioned.
Those in the precious metals and libertarian communities have ridiculed the Fed for years. The rest of the world, however, has treated the Fed and Fed Chair Janet Yellen as some sort of economic and financial oracles. As the U.S. and global economies stagnate, despite massive Fed stimulus and zero and near zero interest rates for nearly a decade, patience is starting to wear thin in mainstream quarters.
Read More
Politicians, The Media and Fed Members Themselves Begin To Question The Fed, its Policies and Credibility
For years Ron Paul was the lone voice crying in the wilderness against the inanity of Federal Reserve monetary policy and the Fed itself. Congressman’s Paul’s exchanges with Fed Chairman Ben Bernanke were classic. Since Mr. Paul retired from Congress in 2013, Fed policy has been as confused as ever. But until recently has gone unquestioned.
Those in the precious metals and libertarian communities have ridiculed the Fed for years. The rest of the world, however, has treated the Fed and Fed Chair Janet Yellen as some sort of economic and financial oracles. As the U.S. and global economies stagnate, despite massive Fed stimulus and zero and near zero interest rates for nearly a decade, patience is starting to wear thin in mainstream quarters.
Read More
from Hang The Bankers:
Jordana Cutler, who is currently the Chief of Staff at the Israeli embassy in Washington DC, and a longtime adviser to Israeli Prime Minister Benjamin Netanyahu, has been named as head of policy and communications at Facebook’s Israel office.
To see Facebook’s new Head of Policy and Communications clearly Israeli skewed bias and zionist views, check out her twitter here.
The appointment comes amidst growing Israeli government frenzy concerning incitement allegations and BDS, the global non-violent movement against the Israeli occupation of Palestine, whose often viral presence online exposes Israeli human rights violations.
Read More
Jordana Cutler, who is currently the Chief of Staff at the Israeli embassy in Washington DC, and a longtime adviser to Israeli Prime Minister Benjamin Netanyahu, has been named as head of policy and communications at Facebook’s Israel office.
To see Facebook’s new Head of Policy and Communications clearly Israeli skewed bias and zionist views, check out her twitter here.
The appointment comes amidst growing Israeli government frenzy concerning incitement allegations and BDS, the global non-violent movement against the Israeli occupation of Palestine, whose often viral presence online exposes Israeli human rights violations.
Read More
by Wolf Richter, Wolf Street:
“Astronomical” default rates and losses.
The New York Fed just warned about the ticking mortgage subprime time bombs once again being amassed, and what happens to them when home prices decline. But unlike during the last housing bust, a large portion of these time bombs are now guaranteed by the government.
Subprime mortgages are what everyone still remembers about the Financial Crisis. They blew up has home prices fell. Folks who thought they were “owners with equity” found out that they were just “renters with debt.”
And they dealt with it the best they could: forget the debt and the rent and stay until kicked out. Cumulative default rates on subprime mortgages spiked to 25% in 2007, according to the report. Banks ended up with the properties and collapsed. Mortgage backed securities based on these subprime mortgages imploded. Bond funds that held them imploded. All kinds of fireworks began. While subprime mortgages didn’t cause the Financial Crisis by themselves, they were an essential cog in a crazy machinery.
Read More
“Astronomical” default rates and losses.
The New York Fed just warned about the ticking mortgage subprime time bombs once again being amassed, and what happens to them when home prices decline. But unlike during the last housing bust, a large portion of these time bombs are now guaranteed by the government.
Subprime mortgages are what everyone still remembers about the Financial Crisis. They blew up has home prices fell. Folks who thought they were “owners with equity” found out that they were just “renters with debt.”
And they dealt with it the best they could: forget the debt and the rent and stay until kicked out. Cumulative default rates on subprime mortgages spiked to 25% in 2007, according to the report. Banks ended up with the properties and collapsed. Mortgage backed securities based on these subprime mortgages imploded. Bond funds that held them imploded. All kinds of fireworks began. While subprime mortgages didn’t cause the Financial Crisis by themselves, they were an essential cog in a crazy machinery.
Read More
from SuperStation95:
In a very serious development, the government of Jordan has declared its entire border with Syria to be a “military operations zone” and large numbers of Jordanian and American troops are moving toward the border. This is the clearest sign yet that a decision has been made by the United States to move against the government of Syrian President Bashar Assad, to overthrow him by force.
Over the weekend, Russia was advised of the US decision and Russia explicitly told the United States that “Syria is an ally of Russia. Russia will defend Syria. Any entity which attacks Syria will be engaged and destroyed by Russian forces.”
The battle lines have been drawn:
Read More
In a very serious development, the government of Jordan has declared its entire border with Syria to be a “military operations zone” and large numbers of Jordanian and American troops are moving toward the border. This is the clearest sign yet that a decision has been made by the United States to move against the government of Syrian President Bashar Assad, to overthrow him by force.
Over the weekend, Russia was advised of the US decision and Russia explicitly told the United States that “Syria is an ally of Russia. Russia will defend Syria. Any entity which attacks Syria will be engaged and destroyed by Russian forces.”
The battle lines have been drawn:
Read More
by Dave Kranzler, Investment Research Dynamics:
The economic reports continue to show an overall rate of deterioration in economic activity down to levels – in general – comparable with the 2008-2010 period. Freight transportation activity is part of the “nerve center” of the economic system. The latest data from Cass shows a rapid decline in both freight shipments and expenditures that began in mid-2014:
Although shipments ticked up from April to May 1.3% – attributable to seasonality – year over year shipments for May dropped nearly 6%:
Read More
The economic reports continue to show an overall rate of deterioration in economic activity down to levels – in general – comparable with the 2008-2010 period. Freight transportation activity is part of the “nerve center” of the economic system. The latest data from Cass shows a rapid decline in both freight shipments and expenditures that began in mid-2014:
Although shipments ticked up from April to May 1.3% – attributable to seasonality – year over year shipments for May dropped nearly 6%:
Read More
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