Convenience Stores Outsmart Amazon With New ‘Honor System’ Model

Source: Tyler Durden t’s a time-tested principle: honesty through paranoia. [embedded content] After Amazon spent all that time and money developing its cashierless ‘Amazon Go’ convenience store model, where a complex array of sensors and cameras are employed to ensure that customers are charged for their groceries via their Amazon accounts, convenience store chains from Russia to the US have found that allowing customers to pay for their own items at self-checkout counters – a system that relies on customer honesty – is equally as effective. It sounds like an invitation…

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Dalio & Tudor Jones Warn: “We Will Kill Each Other” If Our Broken Economic System Isn’t Fixed

Two hedge fund icons – Bridgewater founder Ray Dalio and Paul Tudor Jones – joined Yahoo Finance for the 2nd annual Greenwich Investment Forum earlier this month. Speaking directly after Connecticut Gov. New Lamont, with whom Dalio is working to bolster Connecticut’s schools via a $100 million gift  – the largest charitable gift the state has ever received, PTJ and Dalio focused their “Fireside Chat” on the flaws of Fed policy, the dangers of America’s ballooning budget deficit, and the steps that must be take to “stop us from killing each other” in…

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Good Economy, Consumer Confidence Drive 55 Million Americans’ Thanksgiving Travel Plans

Source: Breitbart News This Thanksgiving will see some 55 million Americans traveling more than 50 miles over the holiday weekend, a 2.9 percent increase from last year and the second highest number of holiday travelers since AAA Travel started tracking in 2000, with the largest number recorded in 2005. AAA Travel also reported on data from INRIX, a global transportation analytics company, which said the worst time to travel by car is Wednesday afternoon, with trips taking as much as four times longer than normal. Paula Twidale, vice president of AAA Travel,…

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Dow jumps more than 200 points to 28,000, posts 4-week winning streak

Source: Fred Imbert The Dow Jones Industrial Average rallied to record levels on Friday, reaching 28,000 for the first time ever, after White House economic advisor Larry Kudlow said China and the U.S. were getting close to reaching a trade deal. The 30-stock average closed 222.93 points higher, or 0.7% at 28,004.89. It took the Dow just over four months to go from 27,000 for the first time to 28,000. Apple is the best-performing stock in the Dow since July 11, when the index first reached 27,000. In that time, Apple shares…

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Jobs Way Up, Unemployment Low — But Krugman on Trump 2016: ‘A Global Recession, No End in Sight’

(CNSNews.com) — The U.S. economy today is doing pretty well, with record-high employment numbers and record-low unemployment numbers for blacks, among other positive indices. Yet back in November 2016 when Donald Trump was elected president, Pulitzer Prize-winning economist and New York Times columnist Paul Krugman predicted the U.S.  was “probably looking at a global recession, with no end in sight.” (Getty Images) Shortly after midnight, when it looked like Trump was going to win the election, Krugman wrote, “If the question is when markets will recover, a first-pass answer is never.” “Under any circumstances, putting…

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New Jobs Report Is Excellent News For Americans Headed Into 2020

Source: Chris Donaldson No matter what the corrupt media and the deranged Democrats may say, there is no disputing that the Trump economy continues to roar. On Friday, in yet more positive news for workers who are thriving economically, the latest jobs report is more proof that President Trump’s policies are working like a dream – the American dream. Defying economists who lowballed their projections, the latest numbers show that another 118,000 jobs were created in October. The bean counters were once again wrong as the numbers blew away the…

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WE ARE ONE MISTAKE AWAY FROM GLOBAL RECESSION

Source: Mac Slavo Some analysts are saying that a global recession is only one mistake away.  If central banks even slightly screw up, their actions could reverberate across the entire global economy causing an unprecedented economic recession. Over the past decade, central banks have worked together to boost growth and transfer wealth to the top via economic policies designed for that purpose.  That’s the debt-based system people around the world are used to. However, China and the United States aren’t feeling very cooperative anymore, meaning their central banks may make…

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Sears Will Close Another 100 Stores Amid Failed Turnaround

A new report by The Wall Street Journal indicates about 100 of the 425 Sears and Kmart stores that financier Edward Lampert acquired out of bankruptcy are set to close by year-end. Lampert, who was chairman and chief executive of parent Sears Holdings Corp., decided in late 2018 to file for bankruptcy protection. Lampert provided the parent company with numerous financing deals, one was upwards of $2.4 billion, to save the sinking retailer. Earlier this year, he acquired 223 Sears and 202 Kmart stores, the Kenmore and DieHard brands, for approximately $5.2…

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A GLOBAL GOLD RUSH IS IMMINENT!

Source: Mac Slavo Whether you believe it or not, a global gold rush is imminent! While the American corporate-owned (and state-backed) mainstream media has been completely ignoring it, one country after another has been taking steps to divest themselves of their U.S. dollar. Examining it more closely, we might even start to connect the dots and conclude that there’s a coordinated effort among these nations to dethrone the dollar as the world’s reserve currency. –James Davis, Future Money Trends Davis believes that the government and the mainstream media have no intention…

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Jobless Claims Fall 10K for Week Ending October 5, Easily Beating Forecast

Source: PPD Business Staff The U.S. Labor Department reported initial jobless claims fell 10,000 to a seasonally adjusted 210,000 for the week ending October 5, beating consensus. The 4-week average came in at 213,750 for the week, a gain of 1,000. The advance seasonally adjusted insured unemployment rate rose 0.1% to a still very low 1.2% for the week ending September 28. In early October, the insured unemployment rate fell to an all-time low 1.1%. Not seasonally adjusted, the insured unemployment rate remained at 1.0%. The advance number of insured unemployment…

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Economic Blows: Trump Adds Tariffs To Cheese, Olive Oil, & Wine

Source: Mac Slavo In what can only be considered additional blows to the United States consumer, the Trump administration has now added tariffs to some products coming from the European Union. Cheese, olive oil, scotch, wine, and coffee have all been targeted by the government. The World Trade Organization has authorized the Trump administration to impose duties on the EU after deciding that the EU failed to completely end illegal loan subsidy programs for Airbus. The EU argues it has taken meaningful steps to comply and expects the WTO to…

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NYC Restaurants Feel the Burn, Cut Workers’ Hours And Close Down After $15 Minimum Wage Hike

Source: J.R This was always going to be the case. When minimum wage rises, businesses are forced to cut workers’ hours, raise prices on consumers, stop hiring altogether, and/or go out of business entirely. Thanks, Democrats! New York City restaurants are feeling the heat. TrendingPolitics.com: All The Top Trump News WITHOUT The Liberal Censorship Big Apple restaurants are feeling the heat from minimum wage hikes, cutting staff hours and even closing kitchens as they struggle to shoulder the extra payroll costs. Gabriela’s Restaurant and Tequila Bar, a margarita and taco…

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JPMorgan CRIMINALS EXPOSED: Watch Gold Hit $1,600!

Source: Tom Beck I asked Tom Beck, founder of PortfolioWealthGlobal.com, to email me his thoughts about the incredible story of the Dollar Credit Squeeze, the Repo Operation by the FED. What he put together was so compelling and educational that I asked his permission to share it with you. Please read! In September 2018, I bought 50 ounces of gold eagles at $1,200. The following week, gold hit $1,180 and I issued an exclusive alert in the newsletter, along with this REPORT, in which I called the bottom. I’ve never…

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CFOs In The U.S. Brace For A Recession BEFORE The 2020 Election

Source: Mac Slavo Chief financial officers in the United States have started to prepare themselves and their finances for a recession. For the first time in several years, economic uncertainty is now their lead concern, replacing worries about the difficulty of hiring and retaining talented workers. According to CNN, 53 percent of chief financial officers expect the United States to enter a recession prior to the 2020 presidential election. That information was sourced from the Duke University/CFO Global Business Outlook survey released on Wednesday. And two-thirds predict a downturn by…

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Jobs, Jobs, Jobs!!! July Results Show 130,000 More New Jobs

Source: Joe Hoft 2018 Was Year of the Worker Thanks to President Trump and 2019 is continuing with arguably the best economy in US history. Job numbers released today through the end of July show an increase of another 130,000 jobs – much more than expected! And unemployment remains at historical low 3.7%! The White House continues to report that this economy could arguably be the best all time. According to data released this morning by the Bureau of Labor Statistics, President Trump has added more than 6 million jobs…

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Retailers Warn Of Price Hikes Before Christmas As More Tariffs Go Into Effect

Source: Mac Slavo The Trump administration raised tariffs another 5% officially on Wednesday, prompting angry warnings from retailers about price increases on goods such as toys before the holiday shopping season. It sure looks like the punishment on the already cash strapped American consumer will not abate anytime soon. More than 160 other business groups, including the National Retail Federation, Retail Industry Leaders Association, and Association of Equipment Manufacturers, have urged President Donald Trump to postpone the tariffs, warning they would hit Americans in the middle of the busy holiday…

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Furious Trump Unloads On Fed: Asks “Who Is Our Bigger Enemy: Powell Or Xi”

Source: Tyler Durden Moments after J-Powell’s J-Hole speech hit, we summarized our longish take as follows: in the aftermath of Trump daring the Fed to “show their stuff”, Powell did not do that and instead… TL/DR: The Fed did not show their stuff. And now, over to Trump’s twitter account — zerohedge (@zerohedge) August 23, 2019 We didn’t have long to wait, because with stocks unsure initially how to respond – they eventually did trade in the green as algos convinced themselves that Powell’s speech was more dovish than hawkish…

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Trump Is Looking Into “Various Tax Reductions” To Boost The Economy

Source: Mac Slavo In an economic move that everyone except the mainstream media can get behind, President Donald Trump is considering reducing the heavy taxation burden on Americans to help boost the economy.  Lower taxes means less is stolen from the producers and flowing into the hands of the parasites.  No one should care how much money the government will lose. Theft is theft whether it’s done by the government or by individuals, and governments are the heavyweight champions of theft.  This is like being upset that your home got…

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The Middle Class Is Getting DESTROYED?

Source: Mac Slavo Youtuber Jeremiah Babe tells it like it is, and doesn’t mince his words.  The middle class is getting eviscerated and it’ll be so much worse once the economy comes crashing down again. In his recent video, Babe says far too many Americans are staring the boogeyman in the face and yet they still ignore the “dangers that are coming with this [economic] collapse.” He added: “I’m absolutely dumbfounded by the lack of common sense here in America in regards to what is happening to this economy.” [embedded…

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ANOTHER TRUMP WIN: Fed Cuts Interest Rates

Source: Hank Berrien On Wednesday, for the first time since the Great Recession of 2008, the Federal Reserve lowered interest rates. As CNN reported, “Policymakers led by Fed Chairman Jerome Powell voted 8-2 in favor of a small cut in the federal funds rate, and recommitted to their promise to “act as appropriate” to sustain the country’s longest economic expansion in history.” Powell explained, “The outlook for the U.S. economy remains favorable and this action is designed to support that outlook. It is intended to ensure against downside risks from…

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Omar: End ‘Capitalist System.’ Guarantee Jobs, Housing, Medicare and Abortion for All

Source: Terence P. Jeffrey In the new nation that Democratic Rep. Ilhan Omar of Minnesota seeks to create, the “capitalist system” will be left behind in pursuit of a “fair and just economy” where the federal government guarantees everybody jobs, housing, health care and free abortions. How can we know this? She has declared it in writing. Omar’s campaign website includes a section called “Ilhan’s Vision.” The agenda it presents contradicts foundational American principles — particularly the rights to life and property — that were spelt out in the Declaration…

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Is Libra The West’s Response To China’s Payments Empire?

The recent announcement of the Libra consortium, distributed ledger and currency initiated by Facebook has led to much discussion and debate. Source: Tyler Durden Some view it as an extension of the surveillance capitalism model of Facebook. Others view it as a pipe dream that can’t possibly work. Having dug into the technical details and the wider global changes with which this intersects, we believe there is potential for Libra to change the world – in ways most don’t expect. [embedded content] A coin and a chain. To start out,…

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BIS Warns “Slowdown Is Worsening And Spreading” As Central Banks Run Out Of Ammo

Source: Tyler Durden Every six month or so, the Bank of International Settlements, also known as the central banks’ central bank, publishes some dire warning about the increasingly precarious state of the global financial system – largely as a result of an unprecedented monetary experiment that is now pushing on a string – and every six months or so the world’s most important central bankers congregate on 18th floor of the circular BIS tower in Basel where they decide to ignore all the warnings and double-down on policies that haven’t…

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Prepare For The Day Of Reckoning: The National Debt IS A Worsening Problem

Source: Mac Slavo The day of reckoning is coming for the United States’ national debt and it will likely come in the form of a dollar collapse. This is a problem for every single person on the globe and it’s only getting worse. The nonpartisan Congressional Budget Office has published its latest forecast and assessment of the nation’s fiscal health as we are bombarded with Democrat rhetoric of impossible spending measures and unfulfillable promises if only they are voted for. Large budget deficits over the next 30 years are projected…

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Lockheed Martin Announces $142 Million Expansion of Arkansas Plant, More Than 300 New Jobs

(CNSNews.com) — Lockheed Martin is investing $142 million in its Camden, Arkansas facility, which will add 326 new jobs by 2024, according to a June 17 press release from the company. Lockheed Martin plans to expand its facility to include two new production buildings that will support manufacturing long-range fires products and PAC-3 missile defense capabilities. Currently, the company’s Camden buildings occupy a combined manufacturing and support function floor space that exceeds 1.9 million square feet spread out over more than 1,800 acres of land. (Screenshot, YouTube) Approximately 650 employees work…

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How To Buy Precious Metals: Simple Precious Metals Buying Guide For “Insurance”

Source: Mac Slavo While some people invest in precious metals as an investment, preppers tend to look at is as a useful currency in the event of a dollar collapse or all-out economic crash. We tend to think of it more as “insurance.”  Regardless of why you may want to own some precious metals, oftentimes the only place to get it is online. Because of that, I have put together a guide that I hope helps those who have put off their gold or silver purchase over fears of conducting…

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Trump Warned America’s Exploding National Debt Was Dangerous. Now He’s President, And The Debt Is Still Growing

Source: Peter Hasson | Reporter President Donald Trump repeatedly warned during his 2016 campaign that America’s expanding national debt posed a threat to the country and promised to slash deficits if he was elected. But the national debt has only continued to grow under the Trump administration. The federal government ran a deficit of $739 billion in the first eight months of Fiscal Year 2019 (October 2018-May 2019), according to figures released by the U.S. Treasury Department on Wednesday. The deficit over those eight months is almost equal to the…

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Trump Warned America’s Exploding National Debt Was Dangerous. Now He’s President, And The Debt Is Still Growing

Source: Peter Hasson | Reporter President Donald Trump repeatedly warned during his 2016 campaign that America’s expanding national debt posed a threat to the country and promised to slash deficits if he was elected. But the national debt has only continued to grow under the Trump administration. The federal government ran a deficit of $739 billion in the first eight months of Fiscal Year 2019 (October 2018-May 2019), according to figures released by the U.S. Treasury Department on Wednesday. The deficit over those eight months is almost equal to the…

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US consumer sentiment surges to highest level in 15 years

Consumer sentiment rocketed to its highest level in 15 years in early May as Americans grew more upbeat on the health of the economy and its path in 2019, according to data released Friday. The University of Michigan’s preliminary print on its consumer sentiment index rose to 102.4, up from 97.2 in April and well ahead of economist expectations of 97.5. “Consumers viewed prospects for the overall economy much more favorably, with the economic outlook for the near and longer term reaching their highest levels since 2004,” said Richard Curtin, chief economist…

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China’s Holdings of U.S. Treasury Securities Hit 22-Month Low

(CNSNews.com) – Chinese holdings of U.S. Treasury securities hit a 22-month low in March, according to data released today by the U.S. Treasury. As of February, entities in the People’s Republic of China had owned $1,130,900,000,000 in U.S. Treasury securities. But in March that dropped to $1,120,500,000,000—a decline of $10,400,000,000. The last time entities in China owned less than $1,120,500,000,000 in U.S. Treasury securities was in May 2017, when Chinese holdings were $1,102,200,000,000. Chinese holdings of U.S. Treasury securities peaked more than five years ago in November 2013 at $1,316,700,000,000.…

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