(Zero Hedge) As the Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation…
Finance
When Money is Scarce, Biased Behavior Happens Faster
(Science Daily) Discrimination may happen faster than the blink of an eye, especially during periods of economic scarcity, according to a new study from Cornell University.
China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise
(Zero Hedge) Something is seriously starting to break in China’s financial system.
How $5 Billion In Physical Gold Was Secretly Moved From London To Poland
(Zero Hedge) Yesterday we reported that over the past few months, 100 tons, or some 8,000 gold bars, were secretly transported from the Bank of England’s vaults in London to Poland. But how did this carefully planned transport take place happen?
World’s Ultra-Rich Preparing For Market Crash, UBS Warns
(Zero Hedge) A synchronized global slowdown, with no end in sight, has spooked some of the wealthiest investors around the world, according to a new survey from UBS Wealth Management, seen by Bloomberg. UBS polled wealthy investors, who are preparing for a significant stock market correction by the end of next year.
Strategist Warns: “The Mother of All Bubbles” Could Pop If Profits Don’t Improve
(Mac Salvo) Blackstone strategist Joseph Zidle is warning that the “mother of all bubbles” could burst if profits don’t improve. Zidle thinks there are several problems in the market right now, including the repo market woes, negative-yielding debt, global trade conflicts and collapsing manufacturing.
The Hidden Costs of a Universal Basic Income
(Arkadiusz Sieroń) The universal basic income (UBI) is gaining popularity as the alternative to the current welfare system. The idea is to give each citizen the same amount of money, no matter if he or she works or not. Therefore, unlike traditional welfare systems, the UBI has no means test, nor willingness-to-work test. Nobody would be then left without a livelihood even if there is no work for him. Doesn’t that sound great?
Paul Craig Roberts: “Oligarchs Will Crash The System To Boot Trump”
(Greg Hunter) Economic expert and award winning journalist Dr. Paul Craig Roberts predicts that the oligarchs of the New World Order (NWO) will do anything to boot President Trump out of office.
China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status
(Geopolitics) There is a strong current of change affecting the international political arena. It is the beginning of a revolution brought on by the transition from a unipolar to multipolar world order.
Major Red Flag: The Fed Shocks Everyone With An Emergency Intervention In The Repo Market For The First Time Since 2008
(Michael Snyder) For the very first time since the last financial crisis, the Federal Reserve has been forced to conduct an emergency intervention in the repo market. I know that a lot of people out there don’t know what the repo market is or how it works, and so let me start out with a very basic analogy that may help people understand what we are facing.
Trump’s Re-election? Did the Federal Reserve Already “Decide the 2020 US Election”?
(Collective Evolution) As of beginning July 2019 prospects look positive for a re-election ofDonald Trump as President in November 2020. Headline stock market and GDP figures all look positive…at the present. The huge unanswered question is whether that can be sustained until the fateful elections. We see signs already that spell potential trouble for the Republicans.
Hard-Working Americans Sure Do See The Economy A Lot Differently Than The “Experts”
(Zero Hedge) Right now the entire nation is buzzing about the very first debates for Democratic presidential contenders in 2019, and much of the focus of those debates should be on the economy. A total of 20 candidates will participate in those debates, and the vast majority of them don’t have a prayer of actually winning the nomination. Of course all of them will have “plans” for “fixing” the economy, but the truth is that most of those plans really aren’t that radically different from what has been tried in the past.
Deep State Crypto: Facebook Introduces New “Libra” Digital Currency With Landmark White Paper
(Zero-hedge) After weeks of anticipation, the day has finally arrived: In a dramatic push into uncharted waters for the social media behemoth that saw Mark Zuckerberg make overtures to his former arch-nemises (the Winklevii), Facebook has finally published the white paper for its long-awaited stablecoin, “Libra”.
The World’s Central Banks Are Buying Gold At The FASTEST PACE In 6 years!
(Mac Slavo) The central banks of the world have been buying up gold at the fastest rate in 6 years. This is flashing warning signs for the future of the United States dollar.
Federal Reserve ‘Gnostic Secrets’ Now Revealed? A First Take on the Fed’s Bank Holding Company Act Control ProposalFederal Reserve ‘Gnostic Secrets’ Now Revealed? A First Take on the Fed’s Bank Holding Company Act Control Proposal
(Morgan Lewis) The Federal Reserve Board (Fed) released on April 23 a notice of proposed rulemaking to clarify the standards and criteria under which one company “controls” another company under the Bank Holding Company Act (BHCA) and the Savings and Loan Holding Company Act (SLHCA). This long-awaited proposal, which Fed officials have stated for some time was in the works, is notable for several reasons—primarily because if adopted, it will bring much-needed clarity to an area of banking law that historically has been notoriously opaque.