by Steve Watson
Modernity News

Speaking at a campaign rally in Wisconsin on Wednesday, Donald Trump urged that Europe has “opened its doors to jihad” and as a result, cities including London and Paris are sacrificing their own culture and tradition.

“We’ve seen what happened when Europe opened their doors to jihad,” Trump told the large crowd, adding “Look at Paris, look at London – they’re no longer recognisable.”

“I’m going get myself into a lot of trouble with the folks in Paris and the folks in London, but you know what, that’s the fact,” he continued.

“They are no longer recognisable and we can’t let that happen to our country,” Trump urged, adding “We have incredible culture, tradition – nothing wrong with their culture, their tradition – we can’t let that happen here.”

Continue Reading at Modernity.News…

from Dr. Steve Turley

by Michael Snyder
The Economic Collapse Blog

Can you feel it too? Over the past few weeks, I have heard from so many readers that are deeply troubled about economic conditions where they live. In some cases, sales are way down. In other cases, it seems almost impossible to find a decent job. It is almost as if a tremendous chill descended upon the U.S. economy as the second quarter of 2024 began. Yes, economic conditions have certainly not been good for a few years, but it appears that an absolutely enormous economic shift of historic proportions is now taking place right in front of our eyes. Other than the early stages of the pandemic, we haven’t seen anything like this since 2008 and 2009.

Let me give you an example that will illustrate what I am talking about. A reader that lives near Seattle recently wrote me about the horrible downturn that she is witnessing in the tech industry, and she said that I could share this information with all of you…

Continue Reading at TheEconomicCollapseBlog.com…

from RonPaulLibertyReport

by Dr. Paul Craig Roberts
PaulCraigRoberts.org

A 19th century plantation slave suffered less abuse than an American today and was less likely to have his head cracked open by a police baton than a Columbia University Student. Here are the lost rights of Americans from A to Z: https://www.lewrockwell.com/2024/05/no_author/the-steady-slide-towards-tyranny-how-freedom-dies-from-a-to-z/

Republican US senators are no better friends of the US Constitution than the administrators at Columbia University, Netanyahu and the Israel Lobby, the NYPD, and the whore media. For example, Senator Marsha Blackburn (R, TN) labeled as “terrorists” students who protest against Israel’s destruction of Palestine. In order to protect Israel from students protesting genocide, Blackburn wants the students added to the terrorist watch list and prohibited from flying:

Continue Reading at PaulCraigRoberts.org…

from m o d e r n i t y

Worldcoin eyes partnerships with OpenAI and PayPal amid regulatory challenges and privacy concerns, signaling a potential expansion in digital ID networks.

by Didi Rankovic | Reclaim The Net
Info Wars

Worldcoin, a digital ID project based on biometrics, namely, eyeball scanning, co-founded by OpenAI CEO Sam Altman, is eying (no pun) partnerships not only with OpenAI, but also PayPal, reports say.

However, these movements are not accompanied by any clarity for now, an example of this being another Worldcoin co-founder and its CEO Alex Blania refusing to make a direct announcement regarding the deal with OpenAI.

Blania at the same time confirmed that the company (specifically, Tools for Humanity, the main Worldcoin developer) is talking to PayPal – but the payments transactions giant is currently not commenting on any of this.

Continue Reading at InfoWars.com…

from Liberty and Finance

from Zero Hedge

Proponents of gold and bitcoin often hail from the same ideological background: Austrian economists, dollar bears, Libertarians tired of State manipulation of fiat currencies and, generally, the anti-Fed crowd. Yet shared principles have not eased the age-old rivalry between the two assets.

Relative to Bitcoin, gold lost considerable value last year as an ounce of gold fell from 0.11 BTC to almost 0.03 BTC, a historically important level. The last month has seen the precious metal rebound somewhat relative to ‘digital gold’:

Continue Reading at ZeroHedge.com…

from Kitco NEWS

by John W. Whitehead and Nisha Whitehead
The Rutherford Institute

“As I look at America today, I am not afraid to say that I am afraid.” – Former presidential advisor Bertram Gross

The American governmental scheme is sliding ever closer towards a pervasive authoritarianism.

The American people, the permanent underclass in America, have allowed themselves to be so distracted and divided that they have failed to notice the building blocks of tyranny being laid down right under their noses by the architects of the Deep State.

This steady slide towards tyranny, meted out by militarized local and federal police and legalistic bureaucrats, has been carried forward by each successive president over the past fifty years regardless of their political affiliation.

Biden, Trump, Obama, Bush, Clinton: they have all been complicit in carrying out the Deep State’s agenda.

Continue Reading at Rutherford.org…

from Adam Taggart | Thoughtful Money

by James Rickards
Daily Reckoning

This is a highly consequential election year, to say the least. The policy differences between Biden and Trump are enormous. Whether it’s taxes, regulation, borders, energy or foreign policy, the differences couldn’t be clearer.

And though I prefer to focus my analysis on markets alone, I can’t. These days especially, politics plays too great a role in how markets behave.

But this year’s election is about far more than policy.

In the past, the D.C. establishment could live with a typical Republican or Democrat. They knew neither candidate would rock the boat too much if he got elected. Both candidates were cut from the same basic cloth and played by the accepted rules.

Continue Reading at DailyReckoning.com…

from TENET Media

by Martin Armstrong
Armstrong Economics

I do not agree with Donald Trump’s view of the Federal Reserve. I speak on behalf of sound economic policies that benefit the people. I do not blindly support a political candidate for the sake of being on the right side. Now, I criticized Trump during his presidency for constantly pressuring the central bank to lower interest rates. There are rumors swirling that Trump, if elected, would set the price of interest rates himself without the advice of the Federal Reserve. While this may be an extreme side of the rumor, Trump and every other president would like more power over the Federal Reserve — BAD IDEA!

What we must keep in mind is that the Federal Reserve’s original design, which lasted for about one year, was brilliant. The classic banking model involved borrowing from depositors on a demand basis and lending long-term, making a profit on the spread in interest rates, such as for business loans and mortgages. This was relationship banking, not today’s transactional banking model.

Continue Reading at ArmstrongEconomics.com…

from Trends Journal

by Pam Martens and Russ Martens
Wall Street on Parade

The Office of Financial Research (OFR), the federal agency created after the financial crash of 2008 to keep federal banking regulators on top of threats to financial stability, has posted an interactive chart showing the largest managers of Money Market Mutual Funds in the U.S. Alarmingly, the parent of the largest and riskiest bank in the United States – JPMorgan Chase – is also the second largest Money Market Mutual Fund manager.

According to the OFR, as of March 31, 2024, JPMorgan was managing $657.9 billion in money market funds, second only to Fidelity, which on the same date was managing $1.3 trillion in money market funds. The data comes from Securities and Exchange Commission Form N-MFP2.

Continue Reading at WallStreetOnParade.com…

from Mark Dice

by James Hickman
Schiff Sovereign

Columbia, Yale, and NYU are nothing compared to the violence and radicalism that the medieval University of Frankfurt reached in the 1500s.

Violence and chaos had become a major problem at nearly all universities across central Europe– especially the German ones– ever since Martin Luther had famously published his Ninety-Five Theses in the year 1517.

Practically overnight, life in Europe had become extremely divisive. People lost the ability to disagree with each other rationally or to discuss ideas with an open mind. And universities became ground zero for intellectual oppression.

Professors led the charge to stir conflict on campus and divide students into warring tribes. Ravenous mobs bullied ideological opponents and labeled them ‘traitors to the cause’. Violence, coercion, and intimidation soon became commonplace.

Continue Reading at SchiffSovereign.com…

from GoldSilver (w/ Mike Maloney)

What happens when commodities are badly mispriced because off too many financial-only speculators distorting the price signal? Eventually, it’s big trouble. What happens if the yen completely melts down? I don’t know, but it looks like we’re going to find out.

by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity

The Japanese central bank apparently used tens of billions of dollars of firepower to drive the price of the yen back up compared to the US dollar, but accomplished very little. This is the sort of comprehensive failure one sees before TSHTF.

The last time we had an Asian currency crisis, things were extremely turbulent and dicey. And that was back in 1997 when global leverage was a fraction of its current values. Who knows how turbulent things could get this time?

Next, the story of copper is a real head-scratcher if you come at it from a fundamental, logical angle. The basic conundrum is that the current price of copper is barely 1/3rd that needed to justify opening a new mine.

Continue Reading at PeakProsperity.com…

from McAlvany Financial

If businesses don’t serve customers well, they go out of business. Government, on the other hand, is a monopoly.

by John Stossel
Reason.com

President Joe Biden says, “I know how to make government work!”

You’d think he’d know. He’s worked in government for 51 years.

But the truth is, no one can make government work.

Biden hasn’t.

Look at the chaos at the border, our military’s botched withdrawal from Afghanistan, the rising cost of living, our unsustainable record-high debt.

In my new video, economist Ed Stringham argues that no government can ever work well, because “even the best person can’t implement change….The massive bureaucracy gets bigger and slower.”

Continue Reading at Reason.com…

from Gregory Mannarino

by Wolf Richter
Wolf Street

Rate-Cut Mania died, mortgage rates re-jumped to 7.5% today, but here’s what home prices did during Rate-Cut Mania.

The brief and now bygone era of Rate-Cut Mania. Today’s S&P CoreLogic Case-Shiller Home Price Index, dubbed “February,” is a three-month moving average of home prices whose sales were entered into public records in December, January, and February. Today’s data therefore reflects Rate-Cut Mania that lasted from the beginning of November until February 13, when the Consumer Price Index showed with brutal frankness that inflation was rearing its ugly head again.

Continue Reading at WolfStreet.com…

from Dr. Steve Turley

by Karl Denninger
Market-Ticker.org

In short if you expect rental income flows to remain stable and yet you also think valuations should go up rather than down you’re dead wrong.

Here’s the simple fact of it: “Cap rate” expresses the return on invested capital as a percentage. A $500,000 property that has net operating income (that is, income minus operating expenses) of $25,000 has a “Cap Rate” of 5%.

What is a reasonable “cap rate”? It is always higher than the short-term interest rate on Treasuries because there is risk in a real estate transaction but there is no risk in short-term Treasuries. That is, if I get a 5% payout on $500,000 worth of 13 week T-bills rolled over every 13 weeks for a year (that is, the IRX is at 5%) for a real estate transaction to make sense it must pay materially higher than that cap rate because I cannot control for the risk that the value of the property may decline, there is significant expense in disposing of the property if I choose to do so and real estate is illiquid (that is, I cannot call someone or get online and get rid of it in a day or three.)

Continue Reading at Market-Ticker.org…

from m o d e r n i t y

by Wendell Husebo
Breitbart.com

Joe Biden’s aides spliced a 24-second scripted video of the president eight times, raising concerns about whether he can deliver simple remarks without mistakes.

• About one-third of Democrats doubt Biden’s mental fitness, a Harvard/Harris survey recently found.
• Another poll revealed 82 percent of Americans harbor concerns about his physical and mental health.
• Only about one-third of voters say Biden is physically or mentally fit to serve a second term, Quinnipiac found.

Politicians often record remarks on camera for social media, but few short videos are as heavily edited as Biden’s 24-second video. The exception to the repeated jump cuts would be videos created for TikTok.

Continue Reading at Breitbart.com…