Tuesday, December 1, 2020

Domestic Abuse: A Smart Device Called the Police

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by Joe Jarvis, The Daily Bell:
This article is not about fear. This article is about common sense.

Last week, we discussed the internet of things, and how smart devices could be used to literally know more about us than we know about ourselves.

This is not some distant future dystopia we are talking about. It is already happening.

A smart device in a home called the police during a domestic violence incident.

Donald Trump’s Very Own Big, Fat, Ugly Bubble

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by David Stockman, DailyReckoning:
The overwhelming source of what ails America economically is found in the Eccles Building. During the past three decades the Federal Reserve has fostered destructive financial mutations on Wall Street and Main Street.

Bubble Finance policies have fueled an egregious financial engineering by the C-suites of corporate America. This bubble has skyrocketed to the tune of $15 trillion of stock buybacks, debt-fueled mergers deals and buyouts of the last decade.

The Fed fostered a borrowing binge in the household sector after the 1980s. It eventually resulted in Peak Debt and $15 trillion in debilitating debts on the homes, cars, incomes and futures of what used to be middle class America.

Cryptocurrency Bloodbath! Sell Everything We Were Totally Wrong!

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by Jeff Berwick, The Dollar Vigilante:
Just kidding.

The cryptocurrencies have taken a big hit in the last few weeks, however, just as we said they would.

On June 11th, bitcoin stuck its nose just above $3,000 and is currently near $2,377 for a pullback of 20{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

Court House Doors Will Reopen for Millions of U.S. Consumers

by Pam Martens and Russ Martens, Wall Street On Parade:
Yesterday, Richard Cordray, the Director of the Consumer Financial Protection Bureau (CFPB) that was created in 2010 under the Dodd-Frank financial reform legislation, did what few Americans thought he would dare to do: he stood up to threats of being fired; threats of backlash from Wall Street titans; threats of having his agency’s budget gutted; and Congressional threats of being put on a leash by a commission appointed by the President. Despite all of these threats and more, Cordray issued the final rule that allows consumers who have been defrauded in financial transactions involving credit cards and bank accounts to have access to file a group action (known legally as a “class action”) using the nation’s courts.

The rule mandates the following wording in bank account and credit card contracts: “You may file a class action in court or you may be a member of a class action filed by someone else.”

“Silver’s Plunge Is Nearing Completion”

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by Mark O’Byrne, Gold Core:
– Silver’s plunge is nearing completion – Bloomberg analyst
– Silver’s 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} sharp fall in seconds remains “mystery”
– Plunge despite anemic global supply and strong demand
– Total silver supply declined in ’16 – lowest level since ’13
– Silver mine production down in ’16, first time in 14 years
– Total silver supply decreased by 32.6 Mln Ozs in 2016
– Supply deficit in 2016- fourth consecutive year (see table)
– “Falling knife” caution but opportunity presenting itself

Stocks and Precious Metals Chart – Me and My Baby

from Jesse’s Café Américain:
“Learn what is to be taken seriously and laugh at the rest.”

Hermann Hesse

“Narcissism falls along the axis of what psychologists call personality disorders, one of a group that includes antisocial, dependent, histrionic, avoidant and borderline personalities.

But by most measures, narcissism is one of the worst, if only because the narcissists themselves are so clueless.”

‘Black Lives Matter’ Leader Accuses Hollywood of Depicting Black People as Apes

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by Paul Joseph Watson, Infowars:
‘Black Lives Matter’ leader Deray McKesson was left embarrased after he claimed that a toy manufacturer and Hollywood in general were depicting black people as apes, only to later delete the tweet when his attempt at race baiting was hilariously exposed.

McKesson tweeted, “Given the history of rendering black people as apes, I’m offended and appalled by the lack of consciousness in Hollywood. #PlanetOfTheApes,” alongside an image of the cover of the new blockbuster War for the Planet of the Apes and a toy figurine of a “bad ape” wearing a blue vest.