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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We Have 3 Years Before The National Debt “DEATH SPIRAL”

Source: Mac Slavo According to the U.S. Treasury Department’s Office of Debt Management, the U.S. government is just five years away from the point of no return.  With the national debt spiraling quickly out of control, there are only a few years left before every single dollar the government borrows will go toward funding interest payments on the national debt. The Independent Blog said that the main takeaway from the Debt Management Office’s Fiscal Year 2019 Q1 Report, which featured the Office of Management and Budget’s latest projection of the…

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Wall Street Bear Who Said A 2019 Recession Was “Virtually Unavoidable” Doubles Down

The wall street bear who claimed that an economic recession in 2019 will be “virtually unavoidable” has doubled down on his assessment.  He warning that the corporate buybacks will fuel the next recession. Gluskin Sheff Chief Economist and Strategist David Rosenberg acknowledged that his prediction about the recession may have come a bit too soon, but  the risks in the United States economy are not to be ignored, he warned Thursday on CNBC‘s “Futures Now.” Rosenberg said that people just aren’t looking in the right places and that once they…

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Rates For Mortgages Fell Once Again, For The Third Week In A Row

Source: Mac Slavo Mortgage rates have slumped once again, and are now stretching into the third straight week of decreases. The 30-year fixed-rate mortgage averaged 4.10% in the May 9 week, Freddie Mac said Thursday. That was down 4 basis points during the week while the 15-year fixed-rate mortgage averaged 3.57%, down from 3.60%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, down 5 basis points. According to Market Watch, thanks to concerns about the economy and choppy markets, investors have been piling into bonds this year. Bond yields fall as…

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Would Green Socialism Shut Down e-Commerce?

Source: William R. Hawkins A few weeks ago a long essay appeared in The New Republic by staff writer by Emily Atkin titled “Breaking up Amazon Won’t Solve Its Climate Problem: The tech giant changed how Americans buy stuff. It will have to do so again — whether it wants to or not” that displayed the Green Left’s leanings toward totalitarianism. It isn’t just Amazon’s way of doing business they want to change, but the behavior of its customers, who will also have to change the way they purchase merchandise whether they want to…

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How the American Culture of Convenience Is Killing Us

Daisy Luther, The Organic PrepperWaking Times In the United States, we are lucky to have massive convenience at our fingertips. I was talking to one of the instructors for the urban survival course, who is from Sweden, on a car ride. He was blown away by some of the things I told him about the levels of convenience and comfort in the United States. Things I completely took for granted don’t even exist there. I thought some of you might be interested in hearing about some of the insights we…

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Lowest unemployment in 19 years for workers without bachelor’s degrees in April

Source: Joseph Lawler Unemployment for workers without bachelor’s degrees fell to the lowest rate in 19 years in April, the Bureau of Labor Statistics reported Friday, a sign the recovery is benefiting the people most in need of help as it stretches toward a 10th year. Unemployment for workers without four-year or graduate degrees fell to just 3.5% in April, the lowest such mark since the 3.4% rate in April 2000, which was the lowest recorded, with data going back to 1992. That statistic, which is adjusted for seasonal variations,…

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Joy: Economy’s Good But Trump’s ‘So Disgusting’ Americans ‘Hate Him,’ Regrets It

Joy Behar had a hard time on The View today. The 75-year-old Trump hater had to admit the economy was roaring, but she refuses to give any credit to President Donald Trump. In fact, she said Americans won’t vote for Trump because he’s “so disgusting” and they “hate him.” Well, instantly she was made to regret it. You’ll love this. President Donald Trump and Joy Behar (Photo Credit: Alex Wong/Getty Images, YouTube/Screenshot) Joy Behar’s problem is she is so skewed by who she perceives President Trump to be, the former…

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Retail Apocalypse: Rate Of Store Closures Accelerates After Already Hitting RECORD HIGHS

Source: Mac Slavo The retail apocalypse is upon us and after hitting all-time record high levels of store closures, the pace has accelerated. Hundreds of thousands of workers have already lost their jobs in the past decade thanks to store closures, and that number is going to skyrocket in the very near future. According to a report by Business Insider, more than 6,100 stores have been slated for closure so far in 2019, already exceeding last year’s total number of closures. The states hit hardest by retail job losses or layoffs over…

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US Trade Deficit ‘Down Significantly’ in 1st Qtr of 2019

Trade could boost first quarter GDP ‘probably by close to a full point on the growth rate’… (AFP) The US trade deficit in February fell to its lowest level in eight months, thanks in part to rising aircraft and auto exports, according to government data released Wednesday. It was the second month in a row that the trade deficit had declined — after hitting a 10-year high in December — which also was helped by the steady rise in exports of US services, according to the Commerce Department. The narrowing trade…

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H&R Block: Taxes Down 25 Percent Nationwide Due to Trump’s Cuts

Americans paid 25 percent less in taxes on average in 2018 even though the impact is not reflected in the refund totals, according to data from H&R Block, a tax preparation firm. According to H&R, Americans on average saw their tax refunds go up by just 1.4 percent, causing confusion among many who viewed the refund total as their bottom line and expected to see a major boost following the passage of the Tax Cuts and Jobs Act. The tax cuts indeed resulted in a 25 percent tax decrease, but…

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We Have Seen This Happen Before The Last 3 Recessions – And Now It Is The Worst It Has Ever Been

Since the last financial crisis, we have witnessed the greatest corporate debt binge in U.S. history.  Corporate debt has more than doubled since then, and it is now sitting at a grand total of more than 9 trillion dollars.  Of course there have been other colossal corporate debt binges throughout our history, and they all ended badly.  In fact, the ratio of corporate debt to U.S. GDP rose above 40 percent prior to each of the last three recessions, but this time around we have found a way to top…

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IMF WARNING TO GOVERNMENTS: Get Your Debt Under Control Before Next Recession!

Source: Mac Slavo The International Monetary Fund issued a bold and stark warning to governments around the globe.  If these governments want any hope at all of surviving the next global economic recession, they had better get their debt under control. While the financing of the debts held by governments is not a huge problem currently, that could change at any time. Any economic downturn in which the general population stops making as much money could present a problem for governments, as they rely on theft to maintain their existence.…

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A Tragedy Unfolding: This Is ALL Going To End Badly, Central Banks Are TRAPPED

Source: Mac Slavo According to Sven Henrich, the founder and the lead market strategist for NorthmanTrader.com, this regulation of the economy by the central banks is all going to end badly.  The fact of the matter is simple: central banks are hopelessly trapped. Henrich says that it’s only a matter of time before investors learn the hard way that this sudden capitulation by central bankers is not a positive sign, but rather a sign of desperation. In a recent article he wrote for his website Northmantrader.com, Henrich says this economic…

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