How Did America Go Bankrupt? Slowly, At First, Then All At Once!!!

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Authored by Chris Hamilton via Econimica blog, The US federal debt has again been on the move, as of mid-week up to a fresh record of $20.7 trillion.  But, really, without some sort of reference point, what does that mean? Typically, the metrics of total debt or federal debt divided by GDP (Gross Domestic Product or the […]

Mining Charter review postponed after Ramaphosa makes good on SONA promise

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IN a development that is surely represents the death knell of mines minister, Mosebenzi Zwane’s political career, South African president, Cyril Ramaphosa, has agreed with the Chamber of Mines to postpone a High Court application to review the Mining Charter, the June 2017 document that Zwane backed. The Presidency said in an announcement today that […]

Florida School Shooter To Romantic Rival: "Iam Going To Fu*king Kill You"

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Three students who knew the Florida high school shooting suspect reported him to school administrators for threats and erratic behavior after an ex-girlfriend broke up with him and began seeing another teenager, reports BuzzFeed News.  Nikolas Cruz, charged with the premeditated murder of 17 students at Marjory Stoneman Douglas High School, had been suspended in 2017 […]

How To Kill 300,000 Americans (And Get Away With It)

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Authored by Trey Goff via The Mises Institute, If someone wanted to kill 300,000 Americans and get away with it, they could not have accomplished it more effectively than our government has accomplished it with the opioid epidemic. If someone— let’s say good old Uncle Sam—wanted to kill 300,000 Americans, they would go about it […]

ECB Governor Detained For Corruption

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Back in May 2016, Lithuania central bank head, and ECB governing council member, Vitas Vasiliauskas said that contrary to widespread perceptions of central planners as clueless hack economists who would not survive one day in the private sector and who can only inflate asset bubbles, then watch them burst and replace them with even bigger […]

Coinbase expanding into the payment processing game with a ‘Paypal like’ system for Bitcoin and Litecoin

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With Visa just having signed a partnership with Litecoin to provide payment processing features for the cryptocurrency, it appears the U.S.’s largest cryptocurrency exchange now wants to get into the act. Coinbase, which functions as the largest crypto exchange in America, has announced it is launching a ‘Paypal like’ system which will facilitate the use […]

2018 continues trend of last year with more store closures and new bankruptcies

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2017 saw nearly 1000 retail store closures with the inclusion of several long-time chains filing for bankruptcy.  And despite the so-called booms of the ‘Trump Economy’, it appears that the only winners have been stocks which set new records thanks to companies putting their money into buybacks rather than growth. Additionally, last year’s holiday shopping […]

In Raging Tweetstorm, Trump Mocks "Leakin' Monster" Schiff, Says Russians Are "Laughing Their Asses Off"

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After  excoriating the FBI for failing to act on multiple tips about “professional school shooter” Nikolas Cruz’s murderous intentions, and criticizing National Security Adviser HR McMaster over his Russia collusion comments, President Donald Trump shifted his focus toward one of his favorite targets, House Intelligence Committee ranking member Adam Schiff, whom he “congratulated” for finally […]

Four Key Numbers in the Week Ahead

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The US markets are closed on Monday, and many parts of Asia will continue to celebrate the Lunar New Year.  The economic schedule is fairly light, and market psychology appears fragile after the dramatic activity in equities and what appears to be shifting macro-relationships.  To help navigate the challenging investment climate, we identify four “numbers” […]

Sunday’s News Links

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[Bloomberg] ECB’s Rimsevics Detained by Latvian Anti-Graft Bureau [Bloomberg] U.S.-Russia Tension Flares Over Nuclear Arms Control Now at Risk [Reuters] Netanyahu says Israel could act against Iran’s ’empire’ Source: creditbubblebulletin.blogspot.com

66 Dead After Iranian Passenger Plane Crashes, Killing Everybody Onboard

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An Iranian commercial plane crashed in a mountainous region of southern Iran on Sunday morning, killing all 66 people on board, a tragic consequences of Iran’s rapidly aging fleet of commercial aircraft according to the Associated Press. The plane was an Aseman Airlines ATR-72, a twin-engine turboprop used for short-distance regional flying. It went down […]

More Russiagate Deception from Mueller

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More Russiagate Deception from Mueller Why Websites Should Not Have Comment Sections Moon of Alabama documents that Mueller’s indictment of 13 Russians is not an indictment of people trying to interfere with the election but of a click-bait commerial marketing scheme. http://www.moonofalabama.org/2018/02/mueller-indictement-the-russian-influence-is-a-commercial-marketing-scheme.html This article also shows the dangers of comment sections and “like” clicks. It […]

Trump Lashes Out At FBI And HR McMaster In Saturday Night Tweets

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President Trump took to Twitter Saturday night and laid into both the FBI and his National Security Advisor, H.R. McMaster – shredding them within 15 minutes of each other over recent failures.  First, Trump excoriated the FBI for missing “all of the many signals sent out by the Florida school shooter,” and knocking the agency […]

An Inflation Indicator to Watch, Part 1

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“Inflation is always and everywhere a monetary phenomenon.” —Milton Friedman Have you ever questioned Milton Friedman’s famous claim about inflation? Ever heard anyone else question it? Unless you read obscure stuff written for the academic community, you’re probably not used to Friedman’s quote being challenged. And that’s despite a lousy forecasting record by economists who […]