Friday, April 19, 2019

Nearly Everyone Is a Socialist Now

by Alasdair Macleod, GoldMoney:

The expansionary phase of the global economy is almost certainly ending. A combination of excessive debt and trade protectionism is likely to become economically and politically destabilising. If, as seems increasingly likely, the world is destined for another credit and economic crisis, the colour of the political establishment will shape outcomes. This article examines the political scene and concludes that socialist puppet-masters will use the opportunity in an attempt to crush capitalism.

Dark Pools Traded 791% More Boeing Stock During Week of 737 Max Crash

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

Lily Tomlin once famously said “No matter how cynical you get, it is impossible to keep up.” When it comes to Wall Street, that particularly rings true. Just take the case of what happened to the trading of Boeing’s stock by Dark Pools the week after the second crash of its new 737 Max 8 jet in a nose-down dive on March 10.

Keiser Report: The door to censorship (E1372)

from RT:

In the second half, Max continues his interview with author, commentator and comedian Dominic Frisby about the case for Brexit. He and Max disagree on a few things . . . watch the debate.

ITALY’S UNICREDIT BANK HIT WITH 1.5 BILLION DOLLARS OF A FINE FOR DEALING WITH IRAN

by Harvey Organ, Harvey Organ Blog:

GOLD DOWN $0.45 TO $1274.15//SILVER :NO CHANGE AT $14.99//FOR THE 5TH CONSECUTIVE TRADING DAY: A MASSIVE QUEUE JUMPING IN GOLD AS WE NOW HAVE 20 TONNES OF GOLD STANDING AGAINST DEALER 11.03 TONNES AND TWO TONNES SETTLED//TWO BIG STORIES FOR YOU TO MAUL OVER THIS HOLIDAY WEEKEND: 1. TURKEY FUDGED ITS RESERVES WITH BORROWED DOLLARS FROM ITS BANKS AND THUS IT IS DOWN TO ONLY 11 BILLION DOLLARS OF RESERVES AND OF THAT 10 BILLION IS OF GOLD// 2. THE MUELLER REPORT RELEASED AND IT IS A NOTHING BURGER..TRUMP TEAM NOW GOES ON THE OFFENSIVE

Danielle Park – Luxury Housing a Bust

by Kerry Lutz, Financial Survival Network:

Danielle Park returns… In places like Greenwich, CT, New York City, Vancouver and around the world, it looks like there’s a high-end housing bust taking place. It’s partly a demographic issue, where older people are downsizing want to cash in on their expensive housing. The hoped for resale market is younger generations and they’re just not stepping up to the plate. This underscores the danger or easy credit. It’s great when you’re acquiring luxury properties, but not so much when you go to sell. Expect such declines to increase in the future.

Click HERE to Listen

95% STOCK MARKET LOSS AND A CAN TOO BIG TO KICK

by Egon Von Greyerz, Gold Switzerland:

Will the average stock portfolio gain 1,900% to make up for the coming 95% fall? This is the unenviable task that investors will be facing in years to come.

Six weeks ago I wrote about Alfred, a 74 year old man who during his life made a $14 million fortune in stocks by always being invested in the Dow. Alfred never analysed the US or the world economy. Nor did he analyse a single stock. Always being in the market was his secret.

The Next Financial Crisis Won’t Be Caused by Fraud: This Time Will Be Different

by Charles Hugh Smith, Of Two Minds:

Extreme levels of debt and overvaluation characterize the entire global economy, and are not limited to any one nation or sector.

Financial crises come in two flavors: fraud and credit-valuation over-reach.Fraud-based financial crises may differ in particulars, but they share many traits: perverse incentives are institutionalized; the perverse incentives reward figuring out how to evade oversight via fraud, embezzlement, masking risk, etc. which are soon commoditized; regulations are gutted by insider-funded lobbying; regulators fail to do their job in hopes of getting lucrative positions in the industry they’re supposed to be regulating; reports of systemic, commoditized fraud are ignored because everyone’s getting rich, and so on.

Shades of 2013 – Craig Hemke (17/04/2019)

by Craig Hemke, Sprott Money:

Six years ago this week, COMEX gold and silver prices were deliberately smashed in order to take out critical support levels that had held since 2011. The parallels to present day circumstances are obvious and must be fully considered.

The key to understanding this is to recognize that the situation in 2019 is reminiscent of 2010. We’ve been writing about this for months, and below is the easiest link for you to review if you need to be brought up to speed.

The Triumph of Evil

by Paul Craig Roberts, Paul Craig Roberts:

Today (April 17) I heard a NPR “news” report that desribed the democratically elected president of Venezuela as “the Venezuelan dictator Maduro.” By repeating over and over that a democratically elected president is a dictator, the presstitutes create that image of Maduro in the minds of vast numbers of peoples who know nothing about Venezuela and had never heard of Maduro until he is dropped on them as “dictator.”

Nicolas Maduro Moros was elected president of Venezuela in 2013 and again in 2018. Previously he served as vice president and foreign minister, and he was elected to the National Assembly in 2000. Despite Washington’s propaganda campaign against him and Washington’s attempt to instigate violent street protests and Maduro’s overthrow by the Venezuelan military, whose leaders have been offered large sums of money, Maduro has the overwhelming support of the people, and the military has not moved against him.