Economic Doom Returns: Emerging Market Currencies Collapse To Record Lows As Global Financial Chaos Accelerates

After a little bit of a lull, the international currency crisis is back with a vengeance.  Currencies are collapsing in Argentina, Brazil, India, Turkey and other emerging markets, and central banks are springing into action.  It is being hoped that the financial chaos can be confined to emerging markets so that it will not spread to the United States and Europe.  But of course the global financial system is more interconnected today than ever before, and a massive wave of debt defaults in emerging markets would inevitably have extremely serious consequences all over the planet.  It would be difficult to overstate the potential danger that this new crisis poses for all of us.  Emerging market economies went on an unprecedented debt binge over the past decade, and a high percentage of those debts were denominated in U.S. dollars.  As emerging market currencies collapse, it is going to become nearly impossible to service any debts denominated in U.S. dollars, and that could ultimately mean absolutely enormous losses for international lenders.  Our system tends to do fairly well as long as everybody is paying their debts, but once the dominoes begin to tumble things can get messy really quickly. (Read More...)

GoFundMe Investigating Couple That Raised $403,000 For Homeless Vet But Only Gave Him A Fraction Of The Money

Did a New Jersey couple go on wild gambling sprees, take exotic vacations and buy a new BMW with the money that the public gave to help get a homeless veteran off the streets? This article is about a “feel good story” that has gone really, really bad.  Homeless veteran Johnny Bobbitt Jr. served as an ammunition technician in the U.S. Marine Corps.  After leaving the Marines, Bobbitt worked as a fireman and a paramedic before eventually falling on hard times.  Last October, Bobbitt came across Kate McClure after she had become stranded on the side of I-95 in a bad section of Philadelphia.  Even though he was living on the streets, he used his last 20 dollars to buy her some gasoline so that she could get home.  To thank him, McClure and her boyfriend Mark D’Amico created a GoFundMe campaign to raise money to help Bobbitt get off the streets.  The original goal was to raise $10,000, but the story went mega-viral and the campaign ultimately raised a total of $403,000. (Read More...)

National Health Crisis! U.S. Rates of Syphilis, Gonorrhea and Chlamydia Soar To The Highest Levels Ever

America is facing a health nightmare unlike anything that we have ever experienced before.  According to the CDC, rates of syphilis, gonorrhea and chlamydia have all skyrocketed to the highest levels on record, and top health professionals are urging coordinated national action to battle this unprecedented crisis.  Even before these latest numbers, the United States had “the highest STD rates in the industrialized world”, and it is becoming exceedingly clear that things are rapidly getting worse.  So exactly what does this say about us as a society?  Sexually-transmitted diseases are spreading like wildfire, and those on the front lines are not optimistic that we will be able to turn this health crisis around any time soon. (Read More...)

Boy Punished For Calling Teacher “Ma’am” And A Mother Was Investigated For Letting Her 8-Year-Old Walk The Dog

Is America going completely and utterly insane?  Every day we get even more evidence that this country is going downhill really fast.  I am about to share with you some stories that deeply upset me, but it isn’t because anyone died.  Rather, these stories demonstrate that the America that so many of us once loved is dying.  Liberty and freedom are being eroded with each passing day, and we are rapidly becoming a European-style socialist state in which control freaks micromanage even the smallest details of our lives.  Even our speech is being heavily micromanaged, and anyone that gets out of line is likely to be cracked down upon really hard.  At this point, things have already gotten so bad that it is getting really difficult to determine what is safe to say and what isn’t safe to say.  For example, a 10-year-old boy in North Carolina just made national news because he was punished for calling his teacher “ma’am”… (Read More...)

Society Is Unraveling: A Young Boy Will Have No Father For The Rest Of His Life Because A Psycho Started Shooting At A Madden Tournament

The thin veneer of civilization that we all depend upon on a daily basis is disappearing at a staggering pace.  On Sunday, the young men that gathered to participate in the Madden Championship Series tournament in Jacksonville probably never imagined that they would be in any sort of danger, but then gunfire erupted around 1 PM.  Approximately 20 rounds were fired before the shooter killed himself, and it is being reported that 11 gamers were injured and 2 were killed.  One of the victims that was killed was Taylor ‘SpotMePlzzz’ Robertson.  He was a good man with a wife and a very small son, and now his son won’t have a father for the rest of his life.  There have been many other mass shootings in recent years, but this one was just so senseless.  Personally, I have just been really shaken up all day.  Why would anyone ever want to kill somebody over a video game? (Read More...)

Another Sign The Bitcoin Bubble Is Ending? China Launches An Unprecedented Crackdown On Cryptocurrencies…

Those that sold their cryptocurrencies at the peak of the market made a tremendous amount of money, but those that hold on to the bitter end are going to be gravely disappointed.  For a while there, it seems like cryptocurrency prices were going to go up forever.  2017 was the best year for cryptocurrencies ever, and lots of investors were becoming millionaires on paper.  But now the “Bitcoin bubble” has burst, and the losses are absolutely staggering.  Unfortunately for crypto investors, it looks like things are about to go from bad to worse, because China has just launched an absolutely unprecedented crackdown on cryptocurrencies.  Potential government intervention was always the “elephant in the room” for cryptocurrency enthusiasts, and now it is becoming a reality in a major way. (Read More...)

Medicare For All? Shock Poll Discovers That 70 Percent Of Americans Want Single-Payer Healthcare To Happen

Should the U.S. government provide medical care for everybody?  A shocking new poll that was just released found that 70 percent of all Americans actually want this to happen.  Of course if they also asked people if they wanted their taxes to double in order to pay for such a system, the percentage of favorable responses would have probably been a lot lower.  But still, this poll result shows that Americans are willing to embrace socialism to a degree that would have been absolutely unthinkable a decade or two ago.  Of course “Medicare for all” is not going to happen as long as Donald Trump resides in the White House, but if future polls keep returning similar results it is only a matter of time before a Democratic administration will implement such a policy.  And as we have seen with Obamacare, once a new social program is in place it can be nearly impossible to get rid of it. (Read More...)

The 5 Previous Times This Stock Market Indicator Has Reached This Level Stock Prices Have Fallen By At Least 50 Percent

Have you ever heard of the “Sound Advice Risk Indicator”?  Every single time in our history when it has gone above 2.0 the stock market has crashed, and now it has just surged above that threshold for the very first time since the late 1990s.  That doesn’t mean that a stock market crash is imminent, but it is definitely yet another indication that this stock market bubble is living on borrowed time.  But for the moment, there is still quite a bit of optimism on Wall Street.  The Dow set another brand new all-time record high earlier this week, and on Wednesday we learned that this bull market is now officially the longest in our history… (Read More...)

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