Swiss National Bank Now Owns Record $94 Billion In US Stocks After Q3 Buying Spree

Swiss National Bank Now Owns Record $94 Billion In US Stocks After Q3 Buying Spree By Tyler Durden In the third quarter of 2019, one in which the global economy continued to cycle lower, global central banks across the world continued to slash interest rates and launched/expanded quantitative easing programs with very little success at troughing global growth. Still, US equity indices powered to new highs, climbing a wall of worry of President Trump’s “trade optimism” tweets. It seemed quite evident over the quarter that President Trump’s tweeting of constant fake…

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Congressman Prods Attorney General on Gold, Silver Trading Questions Ignored by CFTC

Congressman Prods Attorney General on Gold, Silver Trading Questions Ignored by CFTC By Chris Powell A U.S. representative who has been pressing the Treasury Department, Federal Reserve, and Commodity Futures Trading Commission (CFTC) with questions about the gold and silver markets has asked Attorney General William P. Barr to try intervene and get answers from the commission. In a letter dated November 1 and made public today, the U.S. representative, Alex W. Mooney, Republican of West Virginia, commends Barr for the Justice Department’s recent criminal prosecution of manipulation in the…

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World’s Ultra-Rich Preparing For Market Crash, UBS Warns

World’s Ultra-Rich Preparing For Market Crash, UBS Warns By Tyler Durden 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. In the survey of more than 3,400 high net wealth respondents, 25% said they’ve sold risk assets, such as equities, commodities, and high-yield bonds, and have transitioned into cash. The synchronized global…

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Las Vegas Approves Paying for Parking Tickets with Food Donations but Feeding the Homeless is Outlawed

Las Vegas Approves Paying for Parking Tickets with Food Donations but Feeding the Homeless is Outlawed By Isaac Davis Government certainly does love to portray itself as the hero and savior of the people, and most often they do this so well that most people cannot even imagine a world without mandatory taxation, countless punitive laws, or roaming authoritative enforcement agencies watching over them. In another case of such an attempt at public relations, earlier this year the City of Las Vegas approved a measure allowing parking tickets to be…

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Onerous Loan Terms Are Crippling Already Broke Subprime Auto Buyers

Onerous Loan Terms Are Crippling Already Broke Subprime Auto Buyers By Tyler Durden As the bubble in subprime auto continues to grow bigger – even at the same time the auto industry is mired in recession – terms on new loans for new buyers continue to get more burdensome for already broke consumers.  In fact, many people are piling on debt to their auto loans that far exceeds the car’s value, according to the Wall Street Journal. Like homeowners during the financial crisis, this leaves many people with negative equity…

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China Working on 6G Despite Opposition and Lawsuits Against 5G Increasing Worldwide

China Working on 6G Despite Opposition and Lawsuits Against 5G Increasing Worldwide By B.N. Frank The lawsuits and opposition regarding the “Race for 5G” and forced widespread small cell installation are not going away (see 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22). According to many respected sources, 5G is too risky (see 1, 2, 3).  In fact, telecom companies have provided NO scientific evidence that 5G is biologically or environmentally safe.  People and their pets…

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DISMAL OUTCOME: Silver In The TRENCHES!

DISMAL OUTCOME: Silver In The TRENCHES! This is a critical update from one of the best financial commentators I know, a good friend of ours, Mr. Tom Beck, who runs PortfolioWealthGlobal.com and we’re excited to share this one with you! In the big picture, I am shocked that gold isn’t trading for $1,200 and silver at $13, in line with their production costs. We’re operating in a world that is broke, where money is freely handed out to credit-worthy entities, without regard to their need of it. We have ZERO rates, but…

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State Takes House Over $8.41 Tax Bill, Sells It for $24,500 and Keeps the Money

State Takes House Over $8.41 Tax Bill, Sells It for $24,500 and Keeps the Money By John Vibes After former Michigan resident Uri Rafaeli accidentally underpaid his tax bill by a mere $8.41, his home was seized by the local government who then sold the house for $24,500 and kept the money. Rafaeli originally paid $60,000 for the property, but the property was recently estimated to be worth $128,000 by Zillow. In the state of Michigan, the government is allowed to take a resident’s home and auction it off to…

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Entire Police Department Now Gone After Good Cops Refused to Enforce Quota System

Entire Police Department Now Gone After Good Cops Refused to Enforce Quota System By Matt Agorist Collegedale, TN — Most people reading this article know what it is like to have the blue and red lights pop up in your rear view mirror. The last thing going through your mind at this point is the feeling of ‘being protected.’ This feeling comes from the fact that the overwhelming majority of the time a driver sees police lights in their mirror is because they have been targeted for revenue collection—often the…

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The Economic Crash So Far: A Look At The Real Numbers

The Economic Crash So Far: A Look At The Real Numbers By Brandon Smith There are many problems when attempting to track a faltering economy. For one, the people in government generally do not want the public to know when the system is in decline because this looks bad for them. They prefer to rig statistical indicators as much as possible and hope that no one notices. When the crash occurs, they then claim that “no one saw it coming” and the disaster “came out of nowhere”, so how could…

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