Escobar On China: One Country, Two Sessions, Three Threats

Authored by Pepe Escobar via The Saker blog, The key takeaways of the Two Sessions of the 13th National People’s Congress in Beijing are already in the public domain. In a nutshell: no GDP target for 2020; a budget deficit of at least 3.6% of GDP; one trillion yuan in special treasury bonds; corporate fees/taxes cut by 2.5 […]

Get Ready For Disinfected Dice As Vegas Plans Reopening 

Nevada’s gaming industry could reopen as soon as June 4, Gov. Steve Sisolak stated Friday. The Nevada Gaming Control Board will meet next week with health officials to determine which sanitation protocols are needed at casinos before reopening.  “The board is firmly aware of its statutory duty to protect the public health and welfare of the Silver […]

China Sets Yuan Fix At Weakest Since 2008

Just hours after China’s Foreign Minister Wang Yi warned that “some” in America were pushing relations to a “new Cold War”, Beijing made it clear how it intends to retaliate in this new paradigm: by doing the one thing that infuriates Trump more than anything, devaluing its currency. After the PBOC fixed the yuan at 7.0939 […]

Gun Battle Unfolds At Residential Complex Near Moscow

A gun battle unfolded at a residential complex called “Yasny” in the south region of Moscow on Sunday, reported TASS News. Residents saw men firing AK-47s and other weapons on the streets below their windows.  BREAKING #Russia Several armed men involved in shooting in the residential center Yasny, #Moscow. One man arrested. No victims reported@StateDept @MossadNews @Rose45R1237 @rnovoa @MFS001 […]

“Nothing Can Justify This Destruction Of People's Lives”

Via, Countries across the world have been in lockdown for months in response to the coronavirus pandemic. The costs of the policy are enormous – in terms of life, liberty and the economy. But is it worth it to save lives? Yoram Lass was once the director-general of Israel’s Ministry of Health. Lass is a […]

The Fed Is Now The Proud Owner Of Bankrupt Hertz Bonds

On March 23 – the day the S&P dropped to its cycle low of 2,237 –  the Fed stunned capital markets when it announced it would purchase investment grade corporate bonds, traversing a Rubicon into secondary market intervention that not even  Ben Bernanke had dared to cross. A few weeks later, on April 9, the […]

Trump Has Won the Propaganda War With China

Authored by Tom Luongo via The Strategic Culture Foundation, Donald Trump has finally won a war. It’s a war he’s uniquely suited to fight, a propaganda war, and he’s successfully waged it on China through his command of Western media. Stating this doesn’t imply any kind of judgment on my part as to whether he […]

Summer Vacation Spending Is Expected To Plunge 66% This Year

Memorial Day weekend not only kicks off the start of summer but also, for many Americans, kicks off travel and vacation season. But this year will obviously be different, with millions stuck sheltering in place at home, due to the global coronavirus pandemic. As a result, travel spending for the weekend is expected to fall […]

Global Anger Builds As Elites Worldwide Break Quarantine Rules

“One rule for me, and another for thee” appears to be the politically-prone mantra rapidly spreading around the world. Opposition parties take shots at one another with America‘s left decrying President Trump’s maskless-golfing escapades… …and the right exposing Virginia Governor Northam’s recent non-socially-distanced, maskless-beach visit. Japanese authorities are also under pressure with Japanese Prime Minister […]

Iran & Venezuela Hail Victorious 'Defiance' Over US As 1st Tanker Is Escorted By Maduro Forces

The first among five Iranian fuel-laden tankers has arrived in gasoline-starved Venezuela amid US threats to intervene against the ‘sanctions-busting’ activity by two official Washington enemies.  Reuters reports: “The tanker, named Fortune, reached the country’s waters at around 7:40 p.m. local time (1140 GMT) after passing north of the neighboring dual-island Caribbean nation of Trinidad […]

Tracing The Origins Of COVID-19

Authored Lawrence Sellin, US Army Colonel (ret.), via, On December 9, 2019, long before the world knew anything about it, a video interview took place with one of the key players in the COVID-19 drama, Dr Peter Daszak, President of the EcoHealth Alliance, who inadvertently may have provided indications of its true origin. [embedded content] Much […]

Retail Investors Are Crushing Hedge Funds Again

They may have been burned on USO and Hertz, but for retail investors across the US, the joys of trading stocks are just too great to offset these two “BTFD-gone-wrong” blemishes. In fact, bored and flooding into zero-cost online trading platforms like Robinhood, Etrade and Schwab… … retail investors’ recent pursuit of some of the […]

China Touts 1.5 Million Wuhan Residents Tested For COVID-19 In Single Day

Earlier this month Beijing announced a surprisingly ambitious plan to mass test some eleven million Wuhan residents for coronavirus after a handful of new cases starting popping up again, sparking fears of a second wave in the original virus epicenter.  According to official state media, Chinese health officials are on track to accomplish this, which is […]

“China Has No Intention Of Changing” – Foreign Minister Warns US Meddling In Hong Kong, Taiwan Risks “A New Cold War”

In an interview published yesterday, the last British governor of Hong Kong warned that the West “must stop kowtowing to Beijing”, particularly when China’s Communist government flouts international law and agreements. Since the earliest days of the Jiang Zemin era, which saw China transform into an industrialized superpower, Beijing has facetiously talked a good game […]

“Land Of The “Free”? Stashing Gold May Be Illegal Soon

Authored by Mac Slavo via, According to one hedge-fund manager, known for his “doom and gloom” economic outlooks, the federal government may soon make stashing gold away illegal for individuals. Crispen Odey believes that governments will ban the possession of gold if they lose control of inflation of their fiat currency. Odey says that […]

It Doesn't Matter What You Think, Reality Is What It Is

Authored by Bruce Wilds via Advancing Time blog, It doesn’t matter what you think, the reality we face is what we are seeing here on the ground. Reality is what it is and our government will as usual muddle through with poorly thought out politically correct solutions geared to kick the can down the road. […]

200 Lawmakers From 23 Countries Unite To Resist China's Latest “Comprehensive Assault” On Hong Kong's Autonomy

As the Politburo Standing Committee prepares to weave a new “National Security” law banning all “subversive” activities linked to “foreign” influences or “terrorism” – a popular byword for the pro-democracy movement on the mainland – into Hong Kong’s Basic Law, 200 lawmakers from nearly two dozen countries have spoken up to condemn the decision, which […]

Something's Wrong: A Debt-Financed Recession

Submitted by Joe Carson, former chief economist at Allianz The Fed’s debt-bridge policy is designed to improve the flow of credit to businesses to avoid a devastating credit crunch. Never before has one of the monetary policy solutions to combat recession been to extend credit to struggling, profit losing businesses. There is no precedent for […]

Bear Market? Or Just A Big Correction?

Authored by Lance Roberts via, Still Stuck In The Middle As noted last week, the markets remain stuck between the 50- and 200-dma. That remained the case this week once again, keeping any expansion of equity positioning on hold. The shaded blue area shows the containment of the market between the two moving averages. With the market […]

The New New Cold War Is Pretty Much The Old New Cold War

Authored by Nicky Reid via, Remember when the Russians were coming? It seems like just last week Vladimir Putin was whistling the Soviet National Anthem just around every corner of main street. After the colossal clusterfuck of Hillary 2016, you couldn’t swing a dead cat in a news room without hitting another crafty Kremlin […]

These Are The Cities With The Most Self-Employed Workers

As tens of millions of jobs disappeared over the last few months, many found themselves for the first time depending on government unemployment benefits, which right now are the only thing keeping the consumer – the lifeblood of the American economy – on life support. But while some more industrious workers might strike out on […]

Israel Had Foiled Major Qassem Soleimani Plot In Region: Ex-IDF Chief Details

Via, The former Chief of Staff for the Israeli Defense Forces (IDF), General Gadi Eisenkot, commented on the 20th anniversary of the unilateral Israeli withdrawal from Lebanon, which took place on this date in 2000. During his interview with the publication, Israel Hayom, the ex-IDF chief said that his country managed to foil a major […]

COVID Sparks Sexbot “Revolution” As People Ditch Tinder 

About two weeks into lockdowns (so about late March), we said sex with strangers via popular online dating apps would become a distant memory for some as virus fears would pull back on sexual desires. Though we did make a strong point how the sex industry was about to explode: “As Americans are in mass quarantine and ordered to […]

Billionaires In US Have Grown $434 Billion Richer During Pandemic

While just under 40 million Americans have filed for unemployment since mid March, America’s billionaires are doing just fine – watching their fortunes soar a combined $434 billion during the same period, reports CNBC. Leading the pack are Jeff Bezos and Mark Zuckerberg, whose fortunes grew by $34.6 and $25 billion respectively, according to the […]

Flynn Judge Outsources High-Profile Lawyer To Explain Why He Won't Dismiss Case

The Obama-appointed activist judge holding up the dismissal of the Michael Flynn case can’t be bothered – or simply doesn’t have the skillset required, to defend his decision not to grant the Justice Department’s request to drop the case. In a reminder that the ‘swamp’ has many tentacles, the Post (tentacle-ception) a Saturday report in […]

Ukrainian MP Found Dead With Gunshot Wound To The Head

Ukrainian MP Valery Davydenko of the Dovira faction was found dead in his office bathroom with a gunshot wound to the head, according to a post by MP Ilya Kiva on his Facebook page and confirmed by local media. “His body with a gunshot wound has just been found in the office of an MP […]

Elite US Marine Unit Conducts Live-Fire Drills In Persian Gulf “Message To Iran”

Days ago we took note of Secretary of State Pompeo’s somewhat rare epic ‘regime change tweet tirade’ which included no less than nine fiery statements coming in minutes aimed at ‘rogue regimes’ Iran, Cuba and Venezuela. Though some pundits have noted the administration is looking for a “distraction” and way out of the nation’s corona-crisis, perhaps […]

Three Ways The Coronavirus Is Benefitting Political Decentralization

Authored by Tho Bishop via The Libertarian Institute/Mises Inst., The coronavirus pandemic, and resulting government response, has created one of the greatest disruptions to daily life in modern American history. With much of the country now focused on “reopening,” pundits and policymakers have focused their attention on what the “new normal” of a post-COVID America […]

“Fire Is Raging On Fisherman's Wharf” – 4-Alarm Blaze Rips Through San Francisco Warehouse  

A massive four-alarm fire erupted at San Francisco’s Pier 45 on Saturday morning, the city’s fire department tweeted. The incident was first reported at 4:17 am local time (7:17 am ET) and has since been contained to a section of the pier.  UPDATE Four-Alarm Warehouse Fire Spreading on Pier 45 (North Waterfront, San Francisco) 📲 Live on @CitizenAppSFO — […]

Adam Schiff Asks DNI To Declassify Flynn's Phone Calls With Russians

Via, Rep. Adam Schiff (D-Cal), the House Intelligence Committee chairman sent a letter to Acting Director of National Intelligence Richard Grenell asking him to declassify transcripts of Michael Flynn’s phone calls with Russian Ambassador Sergey Kislyak and any reports summarizing their calls. Schiff tweeted: “It’s clear the Administration is selectively declassifying information for purely […]

81% Of Canadian COVID Deaths Are In Nursing Homes

Via, From the beginning of the Coronavirus mass panic, one the main talking points for western governments was that “No one is immune. The disease can kill anyone at any time.” Various versions of this propaganda set piece were used and recycled across all media platforms, whereby government’s intention was actually to scare the public into […]

White House Considers Panel To Investigate “Left-Wing Bias” In Silicon Valley

Anonymously-sourced media reports published Saturday morning claimed that the White House is looking into the establishment of a panel to investigate complaints of “left-wing bias” in the tech world. Since the earliest days of his presidential campaign, President Trump has alleged that the mainstream media  – CNN, the NYT & WaPo – and Silicon Valley […]