ETC Headlines

  • What Makes Google's Eric Schmidt So Afraid? (And What Should He Be Afraid of?)

    Authored by Jan Oberg via The Strategic Culture Foundation, OK, it’s from Russia Today so you should of course not trust it but somehow this video and text and the man in it seems quite factual, not fake and obviously not omitted. It documents that Eric Emerson Schmidt, the Executive Chairman of Alphabet – an American multinational conglomerate that owns a lot and among them Google – is working on “de-ranking” alleged propaganda outlets such as Russia Today, RT – the world’s third largest...

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  • How Communism Almost Prevented The First Thanksgiving

    Via The Daily Bell When settlers first arrived at Plymouth, their first attempts to survive were disastrous. It sounded like a good idea. They all shared and worked for the common good. They followed the tenet, “from each according to his ability, to each according to his need,” over 150 years before Marx coined the phrase. Everyone was expected to work in the fields planting and harvesting, and everyone got to share the final product. But under these conditions life was misery. In the first...

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  • Thanksgiving: Celebrating The Birth Of American Free Enterprise

    Authored by Richard Ebeling via The Mises Institute, This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America. The English Puritans, who left...

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  • The Silence Of The Bears

    Authored by Sven Henrich via NorthmanTrader.com, The silence of the bears is deafening. And who can blame them? The last 2 years have been absolutely brutal for any fans of price discovery, volatility and anything analytical mattering. Nothing matters. Be it divergences, valuations, earnings misses, slowing data, yield curve, equal weight, internals, catastrophes in nature, slowing loan growth, slowing auto sales, slowing real estate, retail apocalypse, debt levels, etc…I can drone on. Nothing...

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  • Kolanovic Asks "How Close Are We To The Market Top" And Answers

    "How close are we to the market top?" While that is and always has been the question on every trader and investor's lips, it is also what an increasingly greater number of more and more nervous JPMorgan clients wants to know, especially those who, according to JPM head quant Marko Kolanovic - want to protect strong YTD gains or chase year end performance. What sucks is being designated the person responsible with answering this question. In this case, that's person is the quant guru himself, who...

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  • David Stockman Exposes "The Illusion Of Growth"

    Authored by David Stockman via The Daily Reckoning, The Wall Street Journal published a superb example of hopium recently in a sunny-side-up story entitled “U. S. Manufacturing Rides Rising Tide, Buoyed by Global Growth, Optimism.” Indeed, this lazy cheerleading excuse for journalism captured the sum and substance of why the punters keep buying the dips despite troubles gathering all around. That is, as the tax bill falters, the crusade to remove the Donald from office gathers strength, the Fed...

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  • Stockman On America's Fiscal Sundown, Part 1

    Authored by David Stockman via Contra Corner blog, The Senate Finance Committee tax bill is not supply side and it's not even a tax cut; it's a gimmick-ridden policy mongrel that smells to high heaven of political desperation and cynicism. Contrary to the Donald's delusional promise that the American people will get some tax cut sugar plums for Christmas, we are reasonably confident that this misbegotten exercise in reverse-robin hood economics won't reach his desk. But whether it passes in some...

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  • Doomsday Preppers Are Switching Allegiance From Gold To Bitcoin

    The gold versus Bitcoin debate is complex, nuanced and still in its embryonic stages when put into the perspective of gold’s known 2,700-year use as money versus Bitcoin’s very modest eight-year track record. From a pure investment perspective, as the following Bloomberg chart shows, Bitcoin has obviously “wiped the floor” with its esteemed rival and, no doubt, has absorbed a considerable volume of funds that otherwise might have found their way into gold investments. One subset of gold...

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  • Now the Sexual Harassment Noose Falls Upon Rep. John Conyers

    Content originally published at iBankCoin.com The sexual harassment allegations continue, with today's showcase revelations being Charlie Rose and Rep. John Conyers. Over at the Weinstein scandal, upwards of 90 women have come forward, some of whom claimed they were outright raped by the big fat ape. So you know, Harvey Weinstein is still at large. This from Buzzfeed tonight -- tipped off by Mike Cernovich Here's Mike discussing the latest scandal via Periscope. Congressman John Conyers is a...

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  • Mauldin: It's A Bonfire Of The Absurdities

    Authored by John Mauldin via MauldinEconomics.com, “Vanity of vanities, saith the Preacher, vanity of vanities; all is vanity.”– Ecclesiastes 1:2, King James Version (attributed to King Solomon in his old age) This week’s letter will take a look at the growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines. I have gone from the occasional smile to scratching my head now and then to “WTF” moments several times a week. Wondering if it was...

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  • Want Widespread Prosperity? Radically Lower Costs

    Authored by Charles Hugh Smith via OfTwoMinds blog, As long as this is business as usual, it's impossible to slash costs and boost widespread prosperity. It's easy to go down the wormhole of complexity when it comes to figuring out why our economy is stagnating for the bottom 80% of households. But it's actually not that complicated: the primary driver of stagnation, decline of small business start-ups, etc. is costs are skyrocketing to the point of unaffordability. As I have pointed out many...

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  • Lyndon Johnson's Terrible Legacy

    Authored by Patrick Barron via The Mises Institute, Recently my wife and I spent a morning at the Lyndon Baines Johnson Presidential Library in Austin, Texas. The damage done by this big bully is incalculable. His library reminds us of the start of the blizzard of government expansion during Johnson's presidential term, which lasted from the Kennedy assassination in October 1963 to his decision not to run for a full second term in 1968, which usually is attributed to his failure to end the war...

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  • Russia-Gate Spreads To Europe

    Authored by Robert Parry via ConsortiumNews.com, Ever since the U.S. government dangled $160 million last December to combat Russian propaganda and disinformation, obscure academics and eager think tanks have been lining up for a shot at the loot, an unseemly rush to profit that is spreading the Russia-gate hysteria beyond the United States to Europe... British Prime Minister Theresa May Now, it seems that every development, which is unwelcomed by the Establishment – from Brexit to the...

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  • Kushner "Forgot" To Disclose Contact With Putin Ally

    After being accused in a letter earlier this week sent by the leaders of the Senate Judiciary Committee of failing to turn over emails from September 2016 pertaining to a range of topics including Wikileaks, it appears Kushner is being punished for his obstinance with a series of embarrassing leaks presumably from the same committee that publicly chastised him only days before (bonus points for subtlety). The new allegations are likely to provoke more spurious speculation that Kushner and other...

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  • "Helpless, Raging" Charlottesville Families Shocked By These 2018 Obamacare Premiums..."It's Horrific"

    Over the past several months, Democrats have jumped on every opportunity possible to blame the Trump administration for yet another year of staggering Obamacare premium increases.  Ironically, despite arguments from the Left that Trump's defunding of Obamacare's marketing budget would cause 2018 signups to plunge, as Politico recently noted, they're actually up in 2018...which begs the question: was the Obama administration just wasting $100 million a year in taxpayer money for nothing? ...

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  • The Demise Of Dissent: Why The Web Is Becoming Homogenized

    Authored by Charles Hugh Smith via OfTwoMinds blog, In other words, we'll be left with officially generated and sanctioned fake news and "approved" dissent. We've all heard that the problem with the web is fake news, i.e. unsubstantiated or erroneous content that's designed to mislead or sow confusion. The problem isn't just fake news--it's the homogenization of the web, that is, the elimination or marginalization of independent voices of skepticism and dissent. There are four drivers of this...

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  • Mueller Subpoena Spooks Dollar, Sends European Stocks, US Futures Lower

    Yesterday's torrid, broad-based rally looked set to continue overnight until early in the Japanese session, when the USD tumbled and dragged down with it the USDJPY, Nikkei, and US futures following a WSJ report that Robert Mueller had issued a subpoena to more than a dozen top Trump administration officials in mid October. And as traders sit at their desks on Friday, U.S. index futures point to a lower open as European stocks fall, struggling to follow Asian equities higher as the euro...

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  • Fed Hints During Next Recession It Will Roll Out Income Targeting, NIRP

    In a moment of rare insight, two weeks ago in response to a question "Why is establishment media romanticizing communism? Authoritarianism, poverty, starvation, secret police, murder, mass incarceration? WTF?", we said that this was simply a "prelude to central bank funded universal income", or in other words, Fed-funded and guaranteed cash for everyone. prelude to central bank funded universal income — zerohedge (@zerohedge) October 31, 2017 On Thursday afternoon, in a stark warning of what's...

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  • The Superhero Complex: Are We Incapable Of Saving Ourselves?

    Authored by Charles Hugh Smith via OfTwoMinds blog, If we felt empowered in daily life, would we be so enamored of superheroes constantly saving our world from destruction? It's been widely noted that the U.S. film industry ably functions as a pro-global hegemony propaganda machine: even when the plot features evil rogue elements at work in a global-hegemony agency (Pentagon, CIA, NSA, etc.), the competence of the agency is never in doubt, nor is the agency's ability to rid itself of the evil...

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  • Brandon Smith Warns: The Saudi Coup Signals War And The New World Order Reset

    Authored by Brandon Smith via Alt-Market.com, For years now, I have been warning about the relationship of interdependency between the U.S. and Saudi Arabia and how this relationship, if ended, would mean disaster for the petrodollar system and by extension the dollar's world reserve status. In my recent articles 'Lies And Distractions Surrounding The Diminishing Petrodollar' and 'The Economic End Game Continues,' I point out that the death of the dollar as the premier petrocurrency is...

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  • What President Trump & The West Can Learn From China

    Authored by Antonius Aquinas via Acting-Man.com, Expensive Politics Instead of a demonstration of its overwhelming military might intended to intimidate tiny North Korea and pressure China to lean on its defiant communist neighbor, President Trump and the West should try to learn a few things from China. President Trump meets President Xi. The POTUS reportedly had a very good time in China. [PT] The President’s trip to the Far East came on the heels of the completion of China’s 19th National...

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  • What Central Banks Have Done Is What They're Actually Good At

    Authored by Jeffrey Snider via Alhambra Investment Partners, As a natural progression from the analysis of one historical bond “bubble” to the latest, it’s statements like the one below that ironically help it continue. One primary manifestation of low Treasury rates is the deepening mistrust constantly fomented in markets by the media equivalent of the boy who cries recovery. That narrative “has ruffled a few feathers,” BMO Capital Markets strategists Ian Lyngen and Aaron Kohli wrote in a note...

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  • Is This Why Productivity Has Tanked And Wealth Inequality Has Soared?

    Authored by Charles Hugh Smith via OfTwoMinds blog, Needless but highly profitable forced-upgrades are the bread and butter of the tech industry. One of the enduring mysteries in conventional economics (along with why wages for the bottom 95% have stagnated) is the recent decline in productivity gains (see chart). Since gains in productivity are the ultimate source of higher wages, these issues are related. Simply put, advances in productivity are core to widespread prosperity. But that's only...

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  • So Why Did Capital One "Suddenly" Exit Mortgage Lending??

    Last week, Capital One Financial (COF) announced that is was formally withdrawing from the residential mortgage loan market.  Some observers mistook this announcement for news, thinking that COF had actually been engaged in residential lending in a serious way.  Housing Wire, for example, reported that COF had “suddenly” exited the mortgage and home equity business. In fact, despite several acquisitions, these motivated mostly by a desire to accumulate deposits, COF had never really cared about...

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