from ITM Trading:
How the US Economy Is Controlled by the United Nations-It Is Happening NOW!
by Dave Hodges, The Common Sense Show:
The home of Agenda 21 is the United Nations. They are poised to take total control of our energy grid beginning in California, the world’s 5th largest economy. In today’s modern economy, if one controls the energy, they control the economy.
California: The Home of Everything That Is Anti-American
California, the home of many communistic, totalitarian state government, has produced many controversial, liberty-stealing piecess of legislation. For example they want to outlaw home schooling. The have effectively outlawed the sale of the Bible and they want to outlaw the criticsm of any vaccine courtesy of Representative (flim) Pham man. However, there is one movement that is going to be a trend setter for every state government across America that I think deserves further examination and that is the passage of a law that requires solar paneling on every new home.
Trump “Victories” on Trade are Anything But
by Peter Schiff, Euro Pacific Capital:
Earlier this year when President Trump began beating the drums loudly, causing fear of a trade war (and assuring us that such a conflict could be easily won), I cautioned that he had no idea the trouble he was courting. Based on his spectacular misunderstanding of the power dynamic built in to international trade, he was also in danger of bringing a knife to a gunfight.
As the year has progressed, the underbrush has gotten thornier, Trump’s progress on trade has slowed, and now it has likely stopped altogether. Despite that, in true Trumpian fashion, the President has declared resounding victory. But a quick look back reveals the opposite to be true.
The first shot in Trump’s trade offensive was his decision, shortly after he was sworn in as President, to withdraw the U.S. from the 20-nation Trans-Pacific Partnership (TPP). (1/2017 press release, Office of U.S. Trade Representative) As that agreement, which had sought to create a free trade zone uniting the Americas and Asia, was still being negotiated, the move was relatively easy and painless; a quick headline to suggest that Trump intended to keep campaign promises. Since that time, analysts agree that China has taken advantage of America’s absence by picking up the stalled negotiations and recasting them in a China-centric framework.
Is PetSmart Next?
by Wolf Richter, Wolf Street:
Bondholders of the PE-firm-owned brick-and-mortar retailer grapple with their fate.
PetSmart, the largest brick-and-mortar pet supply and services retailer in the US and Canada, with 55,000 employees, 1,600 big-box stores, 200 pet boarding facilities, and $8.7 billion in revenues in fiscal 2017, has a little problem: $8.1 billion in debt.
And you guessed it: Half of this debt is the result of its leveraged buyout by a private equity firm. When a company gets acquired via an LBO, it is the company itself that ends up carrying the debt used to acquire it. Hence the phrase “leveraged” buyout. In 2014, “activist” hedge funds took a stake in the publicly traded shares and started clamoring for a sale. PE firms took notice. A bidding war broke out – a bidding war for a brick-and-mortar retailer, as if they’d never even heard of e-commerce!
12 Indications That The Next Major Global Economic Crisis Could Be Just Around The Corner
by Michael Snyder, The Economic Collapse Blog:
There have not been so many trouble signs for the global economy in a very long time. Analysts are sounding the alarm about junk bond defaults, the smart money is getting out of stocks at an astounding rate, mortgage rates are absolutely skyrocketing, and Europe is already facing a full blown financial meltdown. Of course expectations that another global economic crisis will happen among the general population are probably at an all-time low right now, but the reality of the matter is that we are probably closer to a new one erupting than at any point since the last one in 2008. Since the last financial crisis our long-term debt problems have just continued to grow, and there are many that believe that the next crisis will actually be far worse than what we experienced ten years ago.
GOLD DOWN 80 CENTS TO $1304.20/SILVER DOWN 13 CENTS TO $16.53
by Harvey Organ, Harvey Organ Blog:
DESPITE GOLD BEING UP THROUGHOUT THE WEEK , THE GLD LOSES 3.54 TONNES TODAY/SLV LOSES 1.035 MILLION OZ/MOODY’S IS SET TO LOWER THE BOOM ON ITALY TO JUNK STATUS/ITALIAN 10 BOND YIELD RISES TO 2.47%/ SAUDI ARABIA HAS JUST CUT OFF ALL TRADE CONTRACTS WITH GERMANY DUE TO THEIR SUPPORT OF IRAN/GOOD NUMBER OF SWAMP STORIES FOR YOU TONIGHT
The 8.6-Year Frequency is Within Nature
by Martin Armstrong, Armstrong Economics:
QUESTION: You have noticed that the 8.6-year frequency even allowed you to see that volcanic eruptions would begin in 2018. Are there other examples from history where you have found this to also be true or was Hawaii just unique?
PK
A Bag of Change Worth Thousands Stashed in an Attic
by Peter Schiff, Schiff Gold:
During a recent trip to her hometown, my wife spent some time rummaging around in a vacant house her grandparents used to live in. Up in the attic, she made a find that vividly demonstrates the wealth-preserving power of silver.
The house sat vacant for years after my wife’s grandmother died. It was basically sealed up as-is. My wife went in to see if she could recover any family heirlooms. In the process, she discovered a nice little windfall.
A Summer Of Disappointments Will Lead To An Extended Economic Crash
by Brandon Smith, Alt Market:
The summer season is often about renewed hope and revelry in comfort, and this goes for economic comfort as much as anything else. In parallel to the old tale of The Ant And The Grasshopper, we are all tempted to act like the grasshopper, forget about the trials and tribulations of the world and take a vacation from awareness.
I am seeing quite a lot of this in the past month as mounting global tensions appear to have subsided. But appearances can be deceiving…
I am reminded of the summer of 2008 when those of us in alternative economic analysis were warning of the overwhelming evidence of a debt based deflationary disaster. There seemed to be widespread complacency back then as well. September finally struck and reality began to sink in, and the rest is a history we are still dealing with to this day. Right now, economic optimism is desperately clinging to news headlines rather than data fundamentals, but this can just as easily sink markets as it can keep them artificially afloat.
Inflation: The People’s Enemy. The Government’s Friend.
by David Smith, Money Metals:
When you can lie about money, you can lie about anything. ~David Morgan
We can argue about the definition(s) of inflation until the cows come home – some economists spend a career trying to nail it down.
But for clarity’s sake, we’ll use the definition of the Austrian School (Mises.org) as an increase in the money supply. This is really the correct one, regardless of any bias of dogma, “schooling” or the mainstream media. Although most everyone defines inflation as an increase in the price of goods and services, this is actually a result.
