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Southern Poverty Law Center Apologizes, Settles with Maajid Nawaz | A Start, But Not Enough

from Matt Christiansen

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Do You Have a Cryptocurrency Addiction? This British Hospital Has a Treatment for You.

by Simon Black
Sovereign Man

By the time Louis XIV passed away in 1715, seven decades of his absurd extravagance had nearly bankrupted France.

His reign was marked by constant warfare and the most excessive spending imaginable, from opulent palaces (including Versailles) to a costly welfare state– public hospitals, parks, monuments, museums.

Louis XIV had turned France into the world’s leading power. But it came at a heavy cost.

The national debt was nearly as large as the entire French economy itself, and the government’s annual budget deficit was appalling.

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Border “Crisis” – Is it All About the Children… or Hatred of Trump?

from RonPaulLibertyReport

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Removal of GE from the Dow Looks Suspiciously Like Citigroup’s Exit

by Pam Martens and Russ Martens
Wall Street on Parade

General Electric Co. (GE) will be unceremoniously sacked from the Dow Jones Industrial Average on June 26, it was announced yesterday by the S&P Dow Jones Indices folks. GE was one of the original 12 companies in the index when it was created in 1896. The Dow now consists of 30 companies and GE has been in the index continuously since 1907.

Curiously, GE – an industrial giant that makes highly sophisticated commercial jet engines for Boeing and turbines for power plants among numerous other lines of business – will be replaced in the Dow by a retail drugstore chain, Walgreens Boots Alliance (WBA).

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Learning to Unlearn Money – Rethinking For Financial Success – Jerry Robinson

from Follow the Money

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Gresham’s Law and Bitcoin

by Charles Hugh Smith
Of Two Minds

Rather suddenly, the state issued fiat currency bolivar lost 99% of its purchasing power.

Gresham’s law holds that “bad money drives out good money,” meaning that given a choice of currencies (broadly speaking, “money” that serves as a store of value and a means of exchange), people use depreciating “bad” money to buy goods and services and hoard “good” money that is appreciating or holding its value.

As this dynamic plays out, eventually there is little “good money” in circulation and the economy suffers accordingly.

Correspondent AK recently submitted an insightful discussion of Gresham’s law and bitcoin:

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How the Financial Reset Will Impact You | Lynette Zang

from Reluctant Preppers

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Trump v Trudeau

by Martin Armstrong
Armstrong Economics

Trump has been attacking Canada once again on trade. He blasted the North American Free Trade Agreement, saying the U.S. can no longer afford to be the “stupid country.” He pointed out that Canada imposes such onerous tariffs on U.S. products, such as shoes, that people are forced to “scuff ’em up” in order to “smuggle” them home. Trump has pointed out that Canada is seemingly confusing tariffs with duties.

I can attest to this problem. When we try to send materials to Canada for a conference, shipments are held-up, delayed, and they want all sorts of explanations even for materials that are handed out with no cost. It has become a real problem just trying to often ship anything outside the country.

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John Rubino and Michael Oliver: Updates the Major Markets

from Jay Taylor Media

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The Latest Updates from Karl Denninger at – 2018.06.20

by Karl Denninger

Dr. Siegel: Meh

Derangement On Both Sides

Trade War? How About EMBARGO!

Starbucks Is DONE


So About Those Turd-World “Migrants”

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Markets: Something Big May Be About to Happen, Here’s Why.

from Gregory Mannarino

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Existing Home Sales Down Again: Yun Blames Inventory, a Symptom of the Problem

by Mike ‘Mish’ Shedlock

Economists expected a bounce in existing home sales in May. There was no bounce and revisions in April were negative.

Heading into the report this is what Econoday had to say: ” Existing home sales fell below Econoday’s low estimate in April and a sizable bounce back is expected in May, to a consensus annualized rate of 5.500 million vs April’s 5.460 million. Even with a better showing, resales have been stubborn and weak as April’s year-on-year rate was in the minus column at negative 1.4 percent.”

The consensus estimate for May was 5.5 million. Nope. Actuals came it at 5.43 million with April revised lower to 5.45 million.

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The Real Child-Killing Policy is the Drug War, and It’s More or Less Worldwide

from Styxhexenhammer666

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