Thursday, May 28, 2020

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More Guns In School – Please!

by Erik Rush, Freedom OutPost:

Following the horrific and truly heartbreaking mass shooting at Santa Fe High School in Texas last Friday, it is no surprise that gun control advocates and the political left have once again mobilized to advance increased gun control measures. Sadly, this phenomenon is in itself almost a big yawn, in that we’ve heard the tired, misguided rhetoric too many times.

Following the horrific and truly heartbreaking mass shooting at Santa Fe High School in Texas last Friday, it is no surprise that gun control advocates and the political left have once again mobilized to advance increased gun control measures. Sadly, this phenomenon is in itself almost a big yawn, in that we’ve heard the tired, misguided rhetoric too many times.

The Greatest Danger Following An EMP

by Dave Hodges, The Common Sense Show:

There are few toic that spark more fear in many than the thought of an EMP attack. In a personal communication I had with former Congreman Trent Franks, he told myself and my Pastor at the time, that an EMP attack is not a question of if, but when.

Many of you have heard the projections. Within two years following an EMP, 90% of us would be dead. Life would be on continuous battle against each other and the elements along with trying to acquire needed resources. There is something that many do not talk about. And I say this to the dozens of writers and broadcasters who have recently put this on their radar. The main danger and the greatest loss of life following an EMP will come from the effects that a power loss will have on nuclear power plants.

Gold Awaits its FOMC Fuse – David Brady (24/05/2018)

by David Brady, Sprott Money:

Nothing much has changed since last week, when I wrote:

“Gold is at or close to a low here that is likely to set off a rally to 1360 or higher in the coming weeks. 1270 is strong support. Ideally, I would like to see a positively divergent lower low in price below 1288 with a higher RSI, DSI, and/or MACDs to confirm the low is in place for the next big rally to begin.”

Gold has not changed price since. Positioning, sentiment, technicals, and EWT still support a significant rally.

LAWSUIT: Monsanto hid the truth about glyphosate and cancer

by Vicki Batts, Natural News:

For the first time ever, the world’s most evil corporation may finally have to face up to their crimes in court. On June 18, 2018, one man will take Monsanto head-on, alleging that the company has been hiding the cancer-causing potential of Roundup for decades. Dewayne Johnson, a 48-year-old man from California is brave enough to fight cancer and Monsanto at the same time. Doctors say Johnson has just a few short months left to live, but his drive to make sure Monsanto pays for the toxin they’ve spread across the word is going to be hard to beat.

GLOBAL FINANCIAL BREAKDOWN CONTINUES: Economic Growth Chokes On Massive Debt Increases

by Steve St. Angelo, SRSRocco Report:

The U.S. and global economies are choking on a massive amount of debt. While Wall Street and the Mainstream financial media continue to rationalize the skyrocketing debt as merely the cost of doing business, the disintegrating fundamentals point to an economic catastrophe in the making.

Of course, a full-blown economic meltdown may not occur this year or even next, but as time goes by, the situation continues to deteriorate in an exponential fashion. So, the cheerleaders for higher stock, bond, and real estate prices will continue to get their way until the economy is thrown into reverse as decades of increasing debt, leverage and margin finally destroy the engine for good.

Is Emerging Market Turmoil Deutsche Bank’s “Black Swan?”

by Dave Kranzler, Investment Research Dynamics:

Rising energy prices and collapsing emerging currencies are two developments that are not receiving much attention in the mainstream propaganda narrative. But either development which could end up “pulling the rug” out from underneath the markets.

I pieced together the graphic to the right from an article on Zerohedge about the developing currency and debt crisis in emerging markets and, specifically, Latin America. This topic is not receiving much attention from the mainstream financial media. I guess facts that undermine the “strong economy” narrative go unreported. If it’s not reported, it doesn’t exist, right?

Riskiest Junk Bonds Partying Blissfully in La-La Land, High-Grade Bonds Get Hit. Apple’s Fault?

by Wolf Richter, Wolf Street:

The Fed will keep tightening until these junk bonds buckle.

High-grade corporate bonds have had a hard time. Yields have surged as prices have fallen. The S&P bond index for AA-rated corporate bonds is down 3.2% so far this year. Losses are concentrated on bonds with maturities of 15 years and over. They’re down 7%, according to Bloomberg. As prices have declined, yields have surged, with the average AA yield now at 3.47%, up from around 2.2% in mid to late-2016:

China’s Terrifying “Social Credit” System Has Already Blocked 11 Million From Taking Flights

from ZeroHedge:

China’s terrifying ‘social credit’ system, which is a rating assigned to each citizen based on government data regarding their economic and social status, has effectively blocked more than 11.14 million flights and 4.25 million high-speed train trips at the end of April, according to a senior government official.

Government officials first announced the proposal for a social credit system in 2014 — where each Chinese citizen would be rated according to their online, social, financial, and legal behavior. Misdeeds, such as late credit card payments, criminal record, jaywalking, using fake IDs, refusal to sign up for required insurance, and failing to pay taxes, could result in a travel ban for an extended period. The penalty for misdeeds went into full effect in May.

Government Crackdowns In China And India Threaten To Absolutely Crush The Cryptocurrency Bubble

by Michael Snyder, The Economic Collapse Blog:

Taxation and regulation are weapons, and governments often use these weapons to target things that they do not like. Cryptocurrencies such as Bitcoin, Ethereum, Ripple and Litecoin threaten to shatter the existing paradigm of financial control that the elite have carefully crafted, and that is making government officials all over the planet very nervous. So the latest rumblings about “government crackdowns” on cryptocurrencies in China and India shouldn’t come as any sort of a surprise. Those two governments hate anything that even smells like freedom, and so it was only a matter of time before they pulled the trigger. And the bigger the cryptocurrency bubble becomes, the more national governments around the world are likely to take action to “get it under control”.

SEC Charges Elizabeth Holmes with “Massive Fraud” but Says She Can Head a Public Company in 10 Years

by Pam Martens and Russ Martens, Wall St On Parade:

On March 14 the Securities and Exchange Commission charged Theranos founder and CEO Elizabeth Holmes with a “massive fraud.” According to the SEC, Holmes had made wild and false claims about the company’s purportedly revolutionary blood testing device as the company fraudulently raised $700 million from investors.

But despite the SEC investigators’ well-developed “massive fraud” charges against Holmes, five days later the SEC let the 30-something woman off the hook with a $500,000 fine, surrender of her shares in the company, and barred her from being an officer or director of a publicly traded company for 10 years. In other words, when Holmes is in her early 40s, she will have the opportunity to once again run another massive fraud and bilk investors. This is exactly the kind of hubris we have come to expect from the SEC. (See related articles below.)