by Paul Craig Roberts, Paul Craig Roberts:
Readers agree that the demonization of white people is unfair and divisive. Many report that they have experienced reverse discrimination, and they expect discrimination against whites, such as the announced anti-white policy of the New York public school system, to worsen as the media’s demonization of white people escalates. A few readers noted that both the Jewish and Armenian genocides are disputed. They asked if there are any historical episodes of genocides. A few others noted that even when white Americans become a minority, it will be a large and numerous minority and, thus, too numerous for a genocide.
by David Haggith, The Great Recession Blog:
Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good.
First, GDP growth in the first quarter was not “great” as I’ve heard some claiming. It was, by US historical standards, a little lower than mediocre. Second, the biggest tax cuts in history only got us down to 2.9% GDP growth for 2018. GDP growth had been pegged originally around 3.1%, but that was revised down, as is usually the case. Every administration tends to estimate GDP on the rosy side because bad news is swallowed easier the further back in time it lies. So, estimate high and revise lower seems to be the government’s perennial approach.
by Wolf Richter, Wolf Street:
Now they’re clamoring for this NIRP absurdity in the US. How will this end?
This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT:
Now there is talk everywhere that the United States too will descend into negative interest rates. And there are people on Wall Street and in the media that are hyping this absurd condition where government bonds and perhaps even corporate bonds, and eventually even junk bonds have negative yields. All of that NIRP absurdity is already the case in Europe and Japan.
There is now about $17 trillion – trillion with a T – in negative yielding debt in the world, government and corporate debt combined.
Portland Police: ‘We Wish There Were Some Kind Of Organized, Armed Force That Could Fight Back Against Antifa’
from The Babylon Bee:
PORTLAND, OR—In a press release earlier this week, Portland police chief Danielle Outlaw (her actual name), appearing somber and exhausted, said she just wishes there were some kind of group with the firepower and authority to fight back against Antifa.
In a candid moment, Outlaw (seriously, her actual name) said there was just nothing the police could do, as they’d need to have some kind of organized, armed force specifically created to protect and serve the people.
by Brandon Smith, Alt Market:
One thing that is important to understand about the mainstream media is that they do tell the truth on occasion. However, the truths they admit to are almost always wrapped in lies or told to the public far too late to make the information useful. Dissecting mainstream media information and sifting out the truth from the propaganda is really the bulk of what the alternative media does (or should be doing). In the past couple of weeks I have received a rush of emails asking about the sudden flood of recession and economic crash talk in the media. Does this abrupt 180 degree turn by the MSM (and global banks) on the economy warrant concern? Yes, it does.
Goldman Sachs and JPMorgan Have Flagrantly Flaunted the Volcker Rule for Nine Years: Now It’s to Be Gutted by Federal Regulators
by Pam Martens and Russ Martens, Wall St On Parade:
Two of Wall Street’s crony regulatorsannounced today that they are going to “simplify” the Volcker Rule’s ban on proprietary trading at Wall Street banks, providing another big win for Wall Street and another big nightmare for Main Street.
The financial crash on Wall Street in 2008 was the deepest economic upheaval in the U.S. since the Great Depression. Millions of honest, hardworking Americans lost their jobs, and then their homes, as a result of the economic collapse. Many of these Americans have yet to fully recover financially after more than a decade has passed.