The Deutsche Bank Death Watch Has Taken A Very Interesting Turn

The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later.  Those that follow my work on a regular basis already know that this is a story that I have been following for years.  Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan.  Unfortunately for Deutsche Bank, it may already be too late.  And if Deutsche Bank goes down, it will be even more catastrophic for the global financial system than the collapse of Lehman Brothers was in 2008.  Germany is the glue that is holding the EU together, and so if the bank that is right at the heart of Germany’s financial system collapses, the dominoes will likely start falling very rapidly. (Read More...)

Hundreds Of Earthquakes Rattle The U.S. As The Level Of Seismic Activity In North America Continues To Rise

Why is the mainstream media being so quiet about all of the seismic activity that has been happening all across the United States?  During the last 7 days, there has been an earthquake swarm directly along the New Madrid Fault zone, Kansas and Oklahoma have been hit by a very unusual number of significant quakes, and there have been several sizable seismic events in the vicinity of the Yellowstone supervolcano.  But of course the west coast is getting hammered more than anyone else.  According to Cal Tech, there have been more than 1000 earthquakes in California and Nevada over the last week, but of course most of them have been very small.  Overall, the latest USGS numbers tell us that there have been more than 2,000 earthquakes nationally during the last 7 days, and apparently we aren’t supposed to be alarmed by that.  But could it be possible that all of this seismic activity is leading up to something really big? (Read More...)

We Just Got Some Good Economic News

When some good economic news comes along, we should be thankful for it, because such moments are becoming increasingly rare.  On Friday, the Labor Department announced that the U.S. economy added 128,000 jobs last month, and that definitely exceeded expectations.  Of course the truth is that the U.S. economy didn’t actually add 128,000 jobs last month.  That number is just a heavily manipulated estimate that is adjusted to smooth out “seasonal fluctuations”, and it will be revised multiple times in the future as more data becomes available.  In other words, the government is giving us an educated guess about what they think might have happened, and it is based on certain assumptions that may or may not be reasonable.  But considering all of the other horrible economic news that we have been getting lately, any number above zero is a reason to celebrate.  The employment situation in this country still appears to be relatively stable, and we should hope that continues to be the case for as long as possible. (Read More...)

More Bad Economic Numbers Put A Huge Dent In The Case Of The Economic Optimists

For a long time, people have been trying to tell me that the U.S. economy is headed for a new golden era.  They insist that the U.S. will be more powerful and more respected than ever before, and that we will see unprecedented prosperity in this nation.  But despite extremely wild spending by the U.S. government and exceedingly irresponsible intervention by the Federal Reserve, the U.S. economy has not even had a “good” year in ages.  As I have pointed out numerous times, we have not had a year when U.S. GDP grew by at least 3 percent since the middle of the Bush administration, and that makes this the longest stretch of low growth in all of U.S. history by a very wide margin.  Many believe that brighter days may still be ahead, but all of the economic numbers that we have been getting in recent months make it abundantly clear that a new economic slowdown has begun.  I shared 14 of those numbers earlier this week, and I will share some brand new ones with you today. (Read More...)

What In The World Is The Federal Reserve Thinking???

You don’t use up all of your ammunition before the battle even begins.  The U.S. economy has not even officially entered recession territory yet, although many experts are definitely anticipating one in 2020.  When that recession arrives, the Federal Reserve is going to want as much ammunition to fight it as possible.  So I was horrified to learn that the Federal Reserve announced on Wednesday that interest rates are being slashed once again.  We have now had three interest rate cuts in 2019 as the Federal Reserve desperately attempts to revive the stalling U.S. economy.  But what are they going to do during the next recession when they have already pushed interest rates all the way to the floor and they can’t push them any lower?  In addition, in recent days the Federal Reserve has decided to absolutely flood the financial system with new money in a desperate attempt to stabilize the repo market.  In essence, the Federal Reserve has launched a massive new round of quantitative easing even before a major crisis has erupted on Wall Street.  I can understand trying to be proactive, but in reality quantitative easing is an extreme emergency measure that should only be used in the most desperate of situations.  If the Fed is creating this much new money now, what are they going to do once things really get bad?  Are we destined to become the next Venezuela? (Read More...)

The Boom Turns Into A Bust – Here are 14 Signs That The U.S. Economy Is Steadily Weakening

There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently playing out in Washington.  And without a doubt that is important, because it threatens to literally rip our entire nation in two.  But meanwhile, economic activity has taken a very ominous turn.  Hiring is slowing, consumer confidence is plunging, defaults on auto loans are rapidly escalating, the “transportation recession” continues to get deeper and it appears that the housing bubble is popping.  Everywhere we turn, there are signs of economic trouble, and many are deeply concerned about what this will mean for us as we head into a pivotal election year in 2020. (Read More...)

The Democrats Really Think That They Have Finally Got Trump This Time

It seems like the Democrats have been trying to figure out a way to remove Donald Trump from office forever.  Trump was under investigation even before he won the election, and it has literally been a miracle that his presidency has been able to survive for as long as it has.  But now the Democrats think that they have finally got him.  A parade of witnesses has come forward testifying that Trump pressured the president of Ukraine to investigate Joe Biden and his son, and that Trump withheld key military aid from Ukraine as leverage.  Nancy Pelosi, Adam Schiff and other top Democrats believe that this constitutes an “abuse of power”, and that this “abuse of power” qualifies as a “high crime or misdemeanor”.  Other than Fox News, the mainstream media is solidly behind the Democrats on this, and we have seen a shift in public opinion polls in favor of impeachment.  Many conservatives continue to doubt that an impeachment trial will actually happen, but Nancy Pelosi would have never let things get this far if she didn’t know for sure that she has the votes that she needs to impeach Trump in the House.  At this point, it appears extremely likely that Trump will be impeached, and that will set up a historic trial in the U.S. Senate. (Read More...)

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