Daniel LaCalle: ECB & EU Are Stealing from Savers & Productive Businesses to Save the Euro?




from WallStForMainSt

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Facebook’s Version of ‘How to Serve Man’

by Rick Ackerman
RickAckerman.com

Facebook gets deservedly bad press, and yet the stock is rapidly approaching record highs. The latest headline suggests the company’s planned foray into cryptocurrencies will be stillborn. Trump’s administration has cited national security concerns, but the real story is that no one trusts Zuckerberg any longer. Every time he gets caught violating users’ privacy in some appalling new way, he offers a perfunctory apology and then returns to business as usual. “We’ll try to do better,” he invariably says, recalling the Twilight Zone episode in which aliens from outer space present humanity with a book titled How to Serve Man that turns out to be a cookbook.

Another negative Facebook story this week that failed to deter exuberant investors concerned the FTC’s decision to fine the company $5 billion for past privacy violations that went uncorrected. This is just pocket change, equal to about three months’ revenues.

Continue Reading at RickAckerman.com…

Post Market Wrap-Up: They Are All Yellow Stains




from Gregory Mannarino

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This Isn’t Normal: 20 Earthquakes of Magnitude 3.0 or Greater Have Hit California Within the Last 24 Hours

by Michael Snyder
End of the American Dream

It has been more than 10 days since southern California was hit by the two largest earthquakes that the state has experienced in decades, and yet the shaking refuses to stop. In fact, now northern California is joining the party. On Tuesday, San Francisco residents were greatly alarmed when a magnitude 4.3 earthquake rattled buildings all over the region. Thankfully not a lot of damage was done, but it has been a very long time since California has been hit by so many sizable earthquakes over such an extended period of time. According to the USGS, there have been 20 earthquakes of magnitude 3.0 or greater in the state of California within the last 24 hours. Of course most of the “experts” are assuring us that all of this seismic activity will soon settle down, but what if they are wrong?

Continue Reading at EndOfTheAmericanDream.com…

Leftist Media Think They Exposed Trump but Still Get Played for Fools




from Tim Pool

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Real Estate Market is on Weak Footing

by E.B. Tucker
Casey Research

He answers to Mr. Worldwide or Mr. 305, but you may know him as Pitbull.

Pitbull is bullish on real estate right now… We’re not.

The Cuban-American rap star’s real name is Armando Pérez. He has a touching raft-to-riches success story. His parents barely made it out of Cuba. He came up on the tough side of Miami in the ’80s.

Pitbull was one of the inspirational speakers at a Real Estate Wealth Expo I attended a while back in Chicago. I was one of around 8,000 attendees.

The seminar went like this: Pitbull wowed attendees during a 20-minute interview with soft questions. Then, a guy with a shaved head and a $3,000 Italian suit came out. He asked the crowd, “Isn’t Pitbull great?” before jumping into a 90-minute sales pitch.

Continue Reading at CaseyResearch.com…

Silver Showtime? Why the Metal’s Time May Be Now




from Kitco NEWS

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Stocks and Precious Metals Charts – Snakes and Ladders Economy – Stock Option Expiration on Friday

from Jesse’s Café Américain

Stocks wobbled a bit today, while the US Dollar gained.

Gold was off, falling back towards the lower bound of its symmetrical triangle.

Silver managed to add a bit to its recent stealth rally.

There will be a stock option expiration for July this Friday.

Shenanigans are underway, as is usual in our perversely bent financial system.

There was intraday commentary here about the early 20th century program in Germany to kill the elderly, the infirm, the depressed, the mentally and physically disabled, the dissident, homosexuals, and the homeless for the sake of reducing costs and increasing profits.

Continue Reading at JessesCrossroadsCafe.Blogspot.com…

Dems, GOP Dream of Regulating Big Tech – Ben Swann




from RT America

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Contrarian Alert: Only 1% of People Think This Bullish Gold Catalyst Will Trigger

from King World News

It looks like another bullish gold catalyst is falling into place from a contrarian perspective because only 1% of people think this will happen.

Only 1% Believe This Bullish Gold Catalyst Will Trigger

July 17 (King World News) – Peter Boockvar: “It was 3 months ago when Business Week had a headline magazine cover titled “Is Inflation Dead?” Today, I heard that in the BoA monthly fund manager survey, all of 1% of those surveyed are predicting an increase in inflation over the coming 12 months. It was 80% one year ago. So yes, 99% of those surveyed see flat to lower inflation from here in the next year…

Continue Reading at KingWorldNews.com…

The Racism Game | The Andrew Klavan Show (Ep. 732)




from The Daily Wire

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Now That’s Just Crazy, Part 1: Junk Bonds with Negative Yields

by John Rubino
Dollar Collapse

A central bank that’s desperately trying to ignite a borrowing/spending frenzy to offset an incipient recession has one wish above all: That the currency it’s creating flows beyond safe-haven assets and into riskier niches. Call it the democratization of credit or Ponzi finance. Either way, the result is a lot of borrowing and spending, which solves the immediate slow-growth problem.

So it must come as a pleasant surprise for monetary authorities that a growing number of “high-yield” bonds are trading with negative yields. You read that right: some junk bonds now yield less than nothing.

So far, this is happening mainly happening in Europe, where the ECB has been soaking up the bonds of junk countries like Italy, producing Italian government bond yields comparable to those of the US and not far from Germany’s.

Continue Reading at DollarCollapse.com…

Who is Buying Up the Toxic Mortgaged Backed Securities (MBS) That the Fed is Selling?




from WallStForMainSt

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