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Obamacare Replacement an Impossible Nut to Crack

mishtalk.com / Mike “Mish” Shedlock / June 27, 2017

Obamacare replacement looks all but dead in the Senate.

If by some magic it passes the Senate, it will still have to meet House approval.

On top of it all, there are budget reconciliation procedures that have to be met. Let’s investigate the key hurdles. […]

“Mortgage Demand Cools”: Fannie Mae

wolfstreet.com / by Wolf Richter / Jun 26, 2017

Home prices are “weighing on affordability and constraining sales.”

Here’s another piece of an incomplete behind-the-scenes puzzle of the housing market that has surged to new record highs. Fannie Mae — one of the Government Sponsored Enterprises (GSE) that guarantee eligible mortgages and package […]

“You Will Be Held Accountable Trump” ISIS Hackers Deface Government Website With Threatening Message

zerohedge.com / by Tyler Durden / Jun 27, 2017

The websites of Ohio Governor John Kasich and other state government agencies were hacked on Sunday with a pro-ISIS post warning that President Donald Trump would be “held accountable” for deaths in Muslim countries, according to Bloomberg.

Ten state websites and two servers that […]

Left wing, right wing, and free markets

goldmoney.com / By Alasdair Macleod / June 22, 2017

One of the saddest things about Britain’s recent general election was the level of ignorance displayed by all parties on the broad subject of political economics. I use the term to include both political philosophy and pure economic theory.

Labour, the Liberal Democrats and the […]

London Fire May Have Been Caused by EU Regulations

armstrongeconomics.com / by Martin Armstrong / Jun 23, 2017

It turns out that the Grenfall tower fire may have been caused by Europe’s Global Warming regulations. To fight CO2 climate change, the EU Energy efficiency directive was passed into British law by the Blair Government back in 2010. The directive imposed energy efficiency […]

BREAKING: Madoff Whistleblower Harry Markopolos Says U.S. Government Is A Giant Ponzi Scheme, A Full-Blown Panic Is Coming And Journalism Is Dead

kingworldnews.com / June 23, 2017

After Harry Markopolos became an international hero for taking down Bernie Madoff’s $65 billion Ponzi scheme in 2009, Markopolos gave King World News an exclusive interview. Markopolos then gave King World News an exclusive in 2011 when he exposed the stunning corruption and theft that was taking place at […]

FEMA Is Preparing For A Solar Storm That Would Take Out The Grid

shtfplan.com / Mac Slavo / June 22nd, 2017

FEMA (Federal Emergency Management Administration) is planning for a massive solar storm that would be so strong, it would take down the power grid. Noting that the rare, yet “high-consequence” scenario has “the potential for catastrophic impact on our nation and FEMA’s ability to respond.”

According […]

Bitcoin Surges Back Above $2700 As India “Legalizes” Cryptocurrency

zerohedge.com / by Tyler Durden / Jun 20, 2017

After crashing 30% last week, Bitcoin is now up over 33% in the last few days helped by a surge in demand from India exchanges after the India government ruled Bitcoin as legal in India…

***

Yet another big rebound… this time as India – […]

Heavy Oil Weighs on Yields and Lifts Yen

marctomarket.com / by Marc Chandler / June 21, 2017

The US dollar is narrowly mixed against the major currencies. The drop in oil prices (3.3% this week) is seen as one of the factors that may be underpinning the appetite for fixed income, and this, in turn, is lifting the yen. The greenback had […]

Top Executives of Barclays Charged

armstrongeconomics.com / by Martin Armstrong / Jun 21, 2017

The British Serious Fraud Office (SFO) has brought charges against Barclays and four former executives surrounding the Qatari investment during the 2008 financial crisis. You may remember at the time Lloyds and RBS were offered UK government support with certain strict conditions attached. However, […]

This Is Why The Price Of Gold Will Be Launched Into The Stratosphere

kingworldnews.com / June 20, 2017

With the next global crisis rapidly approaching, this is why the price of gold will be launched into the stratosphere.

“One simple rule to follow: Determine what is best for the government and know that is what the powers are working to make happen. Inflation is what is best […]

“Clear As Mud” Brexit Negotiations Officially Begin: Here’s What To Expect

zerohedge.com / by Tyler Durden / Jun 19, 2017

Today Britain and the EU officially begin the first day of formal Brexit negotiations, “aiming for a constructive, orderly launch that avoids a noisy clash on the big policy differences over Britain’s exit”, according to the FT although the sellside reaction was decidedly less optimistic, […]

EU Proves It Has Become an Authoritarian Government

armstrongeconomics.com / by Martin Armstrong / Jun 19, 2017

The European Commission President JEAN-CLAUDE Juncker, has come out and boldly stated that Poland and Hungary and their refusal to take in a single refugee person under a plan agreed in 2015 to relocate 160,000 asylum-seekers from Italy and Greece, said: “Those who do not […]

Mueller Has “Not Yet” Decided Whether To Investigate Trump: ABC

zerohedge.com / by Tyler Durden / Jun 18, 2017

In the biggest political story of the past week, one which was timed to coincide with Donald Trump’s Birthday, the WaPo reported citing anonymous sources, that Special Counsel Robert Mueller was investigating President Trump for possible obstruction of justice. Just a few hours later on […]

Dollar Mixed while Equities Recover to Start Eventful Week

marctomarket.com / by Marc Chandler / June 19, 2017

The US dollar is mixed against the major currencies, and while it is firmer against the euro and yen, it is within last week’s ranges. The success of Macron’s new party in France, and the majority is secured, was well anticipated by investors and is […]

Suicide Over European Banking Crisis

armstrongeconomics.com / by Martin Armstrong / Jun 19, 2017

The European “bail-in” rules have been cheered claiming taxpayer money will be spared. However, many seniors bought bank bonds for their retirement. In the rescue of the small Banca Popolare d’Etruria, a retiree who had lost more than 100,000 euros worth of bonds lost everything […]

Grenfell Tower Fires Exposes Government Corruption

armstrongeconomics.com / by Martin Armstrong / Jun 18, 2017

At least 58 people are feared to have died in the fire that engulfed Grenfell Tower this past week. Prime Minister Theresa May admitted that the government response was appalling. There is mounting anger growing that many are saying that people were told to stay […]

Grenfell Protests – May Must Go

armstrongeconomics.com / by Martin Armstrong / Jun 18, 2017

The protests are rising and Theresa May failed to go talk to the people right away while Jeremy Corbyn was there on TV crying with the people. He had proposed refurbishing the government housing and sprinklers should be installed last year and it was knocked […]

Breaking: Whistleblower Says Deep State in Control of State Department : Ongoing Child-Trafficking Cover-Up at St. Dept.

thecommonsenseshow.com / By Dave Hodges / June 17th, 2017

Did you know that at the State Department they have an exorbitantly paid employee, of Middle East background, who is in charge of the sex-trafficking brochures for the State Department? Did you know that same person refuses to cover this issue as domestic issue? This […]

What If Taxpayers Could Choose if Taxes Went to the State Level or Federal Level?

mises.org / Ryan McMaken / June 16, 2017

In recent years, we’ve examined any number of ways of decentralizing the American political system. These step-by-step moves can include decentralizing the monetary system, decentralizing the military, decentralizing immigration policy, and decentralizing elections.

Most recently, we looked at decentralizing the welfare state, and found that each […]

You won’t believe this stupid new law against Cash and Bitcoin

sovereignman.com / Simon Black / June 14, 2017

This one is almost too ridiculous to believe.

Recently a new bill was introduced on the floor of the US Senate entitled, pleasantly,

“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.”

You can probably already guess its contents.

Cash is evil.

Bitcoin is evil.

[…]

We Want A Government So Small That We Can Barely See It

 

endoftheamericandream.com / by Michael Snyder / June 13, 2017

We need to fundamentally redefine the relationship between government and the people in this country. Today, we have become so accustomed to big government that most of us can’t even imagine another way of doing things. And I am not just talking about the […]

No Surprise Here – ‘Reality Winner’ Has Not Become The Next Edward Snowden

zerohedge.com / by Duane Norman via Free Market Shooter blog / Jun 13, 2017

Last week, 25-year-old Reality Winner (yes, somehow that is her real name) was arrested for allegedly leaking classified information on “Russian Hacking” to The Intercept:

Winner is a contractor with Pluribus International Corporation assigned to a U.S. government agency […]

The Dead Giveaways of Imperial Decline

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, JUNE 13, 2017

Nothing is as permanent as we imagine–especially super-complex, super-costly, super-asymmetric and super-debt-dependent state/financial systems. Identifying the tell-tale signs of Imperial decay and decline is a bit of a parlor game. The hubris of an increasingly incestuous and out-of-touch leadership, dismaying extremes of wealth inequality, […]

Sergey Aleynikov, Jailed by Goldman Sachs, May Be Just the Man to Stop Russian Hacking of U.S. Voting Systems

Kevin Marino, Attorney for Sergey Aleynikov

wallstreetonparade.com / By Pam Martens and Russ Martens / June 13, 2017

If Goldman Sachs thinks this Russian computer genius is worthy of endless prosecution for the past eight years, despite two courts overturning their efforts, perhaps he’s just the man the Department of Homeland Security and FBI […]