2020 06 29 10 04 28

Hugh Hendry Urges Massive Dollar-Devaluation, Wants Joe Rogan To "Radicalize" The Fed

Hugh Hendry Urges Massive Dollar-Devaluation, Wants Joe Rogan To “Radicalize” The Fed Tyler Durden Mon, 06/29/2020 – 16:45 “Chaos is coming… The mood of the nation is what unleashes the inflationary genie…it is not a monetary phenomenon.“ <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> The world is “suffering from propaganda” according to former hedge fund manager Hugh Hendry, who explains to BloombergTV’s Jonathan Ferro that, despite what […]

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83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal

83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal Tyler Durden Mon, 06/29/2020 – 12:15 Over the years, we have periodically reported of the occasional gold bar discovered as counterfeit in Manhattan’s Diamond District which instead of containing the yellow precious metal would instead be filled with gold-plated tungsten or in some cases copper. The news would spark a brief […]

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Mass-Tracking COVI-PASS Immunity Passports To Be Rolled Out In 15 Countries

Mass-Tracking COVI-PASS Immunity Passports To Be Rolled Out In 15 Countries Tyler Durden Mon, 06/29/2020 – 03:30 Authored by Raul Diego via MintPressNews.com, COVI-PASS will determine whether you can go to a restaurant, if you need a medical test, or are due for a talking-to by authorities in a post-COVID world. Consent is voluntary, but enforcement will be compulsory. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Through […]

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Gun-Toting St. Louis Lawyers Defend Mansion From BLM Protesters In Viral Video

Gun-Toting St. Louis Lawyers Defend Mansion From BLM Protesters In Viral Video Tyler Durden Mon, 06/29/2020 – 01:48 A St. Louis couple armed themselves and stood outside their mansion as a group of Black Lives Matter protesters who had broken into their gated community shuffled past while chanting. A St. Louis couple defends their home with guns as protesters march through their neighborhood:pic.twitter.com/LqzvrBSREu — Alex […]

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Under Armour To Terminate Its $280 Million Sports Deal With UCLA

Under Armour To Terminate Its $280 Million Sports Deal With UCLA Tyler Durden Sun, 06/28/2020 – 11:02 Under Armour has notified the University of California, Los Angeles (UCLA) that it will explore options to terminate its multi-million dollar apparel and shoe deal with the university, the Baltimore-based apparel company said in a statement Saturday, reported USA Today. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> In May 2016, Under Armour and UCLA […]

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Conservative Journalist Jack Posobiec Assaulted By DC Antifa

Conservative Journalist Jack Posobiec Assaulted By DC Antifa Tyler Durden Fri, 06/26/2020 – 23:25 One America News journalist Jack Posobiec was assaulted by a self-described member of Antifa – the violent leftist designated a terrorist organization less than one month ago. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Posobiec was filming a speech by an elderly black man trying to prevent the protesters from destroying the Emancipation […]

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"Arthur Andersen 2.0" – Ernst & Young Could Have Uncovered Wirecard Fraud Years Ago: FT

“Arthur Andersen 2.0” – Ernst & Young Could Have Uncovered Wirecard Fraud Years Ago: FT Tyler Durden Fri, 06/26/2020 – 09:12 Now that Wirecard’s nearly 15-year-long accounting fraud – the biggest corporate accounting scandal in post-war German history – has been uncovered, the negligence exercised by the company’s auditors, auditors who lent the black-box digital payments firm the patina of authenticity that it needed to […]

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Bronx Precinct Commander Quits NYPD Over Reform Debacle As Shootings Spike

A Bronx precinct commander is quitting over the NYPD’s handling of police reform. NYPD Deputy Inspector Richard Brea, a nearly three-decade veteran of the force, says his bosses have not provided sufficient guidance on how to rid the streets of guns and drugs since the department has disbanded and reassigned its anti-crime unit, according to the New York Post. Brea’s last day will be Friday. […]

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Peter Schiff: The Milkshake Theory Is All Wet — There Will Be No Dollar Rally

June 25, 2020  by SchiffGold  0   0 A lot of people still have faith in the dollar. Some people even believe the dollar is set to rally. Santiago Capital CEO Brent Johnson is one of those people. He bases his dollar bullishness on what he calls “the milkshake theory.” In his podcast this week, Peter Schiff explained why the milkshake theory is all wet. [embedded content] Peter Schiff […]

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US Stock Market Enters Parabolic Price Move – Be Prepared, Part I

After the recent COVID-19 virus event and the global market concerns that will warrant caution for skilled traders and investors, the US stock markets have entered an upside parabolic trend that will likely end with a massive price collapse – extremely volatile and aggressive in nature.  Our research team continues to warn of the unpredictable nature of the current price rally and the fact that […]

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NYC Proposal Would Defund $1 Billion From NYPD Budget

A proposal introduced by New York City Council speaker Corey Johnson and seven other City Council leaders would knock $1 billion off the NYPD’s $6 billion budget. “We believe that we can and should work to get to $1 billion in cuts to New York City’s police spending in the Fiscal 2021 budget, an unprecedented reduction that would not only limit the scope of the […]

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Shocking Moment Dubai Cop On Hoverbike Falls Out Of Sky 

California-based startup Hoversurf had one of its Hoverbikes crash in Dubai this week, and the scary footage was uploaded to YouTube (now taken down), shows the rider of the bike falling out of the sky.  Hoversurf is an electric vertical takeoff and landing (eVTOL) vehicle that Dubai Police have expressed a lot of interest in adding a fleet of these vehicles. The police department received its first Hoverbikes in 2019 and […]

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It Only Took 2 Days For Seattle’s “Autonomous Zone” To Descend Into Chaos…

Protesters in Seattle decided that they were going to give us a living, breathing example of how the world should really operate.  The police were completely kicked out of a six block area of downtown Seattle, and armed guards were posted at all the entrances to the “Capital Hill Autonomous Zone” in order to make sure that their “utopia” would not be interrupted.  At first, […]

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UK Forecast To Suffer Worst COVID-Driven GDP Hit Of All Nations Worldwide

The OECD released its latest Economic Outlook earlier this week, revealing the projected impact the COVID-19 pandemic will have on global GDP in 2020. When assuming there will be no second wave of infections in 2020, gross domestic product is currently expected to be down by 6 percent on last year; but, as Statista’s Martin Armstrong notes, should we encounter a ‘double-hit’ scenario however, this is forecast to increase […]

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Tesla Trades Over $1,000 For The First Time

Tesla shares breached the $1,000 threshold in intraday trading for the first time on Wednesday, after: a week of Jim Cramer pumping Ron Baron’s appearance on CNBC, where he said the company’s stock could 10x from here mysterious call option purchases that we pointed out last month four workers at Tesla testing positive for coronavirus today, after our report yesterday that two other employees had […]

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I Believe in the Stupidity of the Stock Market

I believe in it in the sense that I believe it will stupidly become even stupider for a short time. So, I’m putting money back into stocks in order to bet on stupid, not because I believe in a phantom V-shaped recovery, but because I constantly hear plenty of people do believe in the “V.” Right now the farce is with them — reopening has […]

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Crude Steel Production: China Blows the Doors off Rest of the World During Pandemic After Already Huge Surge in 2019

Never let a good crisis go to waste. US production, 4th in the world, plunged 32% in April. India’s production, normally in 2nd place, collapsed 64%. By Wolf Richter for WOLF STREET. Global production of crude steel – ingots, semi-finished products (billets, blooms, slabs), and liquid steel for castings – dropped 13% in April compared to April last year, to 137 million metric tonnes (Mt), according to the […]

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Spanish Porn Star Arrested After Participant In "Mystic Ritual" Dies After Inhaling Psychedelic Toad Venom

We know what you’re thinking: Isn’t this just another “Spanish porn star arrested on manslaughter charges after inhaling psychedelic toad venom” story? It seems like they are just a dime a dozen nowadays. But such is life: the latest case comes from Madrid, where a porn star named “Nacho Vidal” (of course) was arrested not only on manslaughter charges, but also for crimes against public health. Nacho […]

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Treasury Market Smells a Rat: Steepest Yield Curve Since 2017 Despite QE

Market worrying about a phenomenon much worse than stagflation? By Wolf Richter for WOLF STREET. The 30-year Treasury yield has been rising for six days in a row, closing on Thursday at 1.61%, up from 1.41% on May 29, and up from 1.17% on April 20, and the highest since March 19, when the Fed was unleashing its multi-trillion dollar Everything Bubble Bailout. The 20-year yield closed at […]

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