Month: October 2018

zerohedge October 31, 2018

Authored by Charles Hugh Smith via OfTwoMinds blog, The desire to improve our social standing is natural. What’s unnatural is the toxicity of doing so through social media. It seems self-evident that the divisiveness that characterizes this juncture of American history is manifesting profound social and economic disorders that have little to do with politics. In […]

zerohedge October 31, 2018

After facing down US threats of possible economic sanctions should it follow through with its plans to purchase nearly $5.4 billion in Russian S-400 anti-ballistic missile systems, India has successfully called the US’s bluff.  After India stood its ground and insisted on moving ahead with the arms deal, the White House said it would consider […]

zerohedge October 31, 2018

Authored by Michael Lebowitz via RealInvestmentAdvice.com, “Inflation is everywhere and always a monetary phenomenon.” – Milton Friedman This oft-cited quote from the renowned American economist Milton Friedman suggests something important about inflation. What he implies is that inflation is a function of money, but what exactly does that mean? To better appreciate this thought, let’s use a […]

zerohedge October 31, 2018

President Trump on Wednesday said that the number of military troops deployed to the southern US border could be as high as 15,000 – more than the 14,000 deployed in Afghanistan – as he vowed not to allow people from the “very dangerous” caravan to enter the country.  “Nobody is coming in. We’re not allowing people […]

zerohedge October 31, 2018

Eight. Trillion. Dollars… And it’s gone… “The volatility you’re seeing is in reaction to a market that has continuously had a buy-the-dip mentality that is being challenged now,” said Rick Bensignor, president and founder of the Bensignor Group. “The market is finally putting people’s beliefs to the test.” October’s Carnage at-a-glance… S&P 17 down days […]

zerohedge October 31, 2018

Authored by Robert Wenzel via EconomicPolicyJournal.com, It’s all about catering to the military-industrial-complex. There is a big spender in the White House who loves the military. In the goofy land of highly questionable macro measurements, the U.S. economy has expanded at a 2.9% annual rate since April of 2017, according to the Commerce Department. Faster […]

zerohedge October 31, 2018

Nearly nine months after Politico first reported that interest payments stemming from nearly $70 billion in frozen assets formerly belonging to the regime of deceased Libyan dictator Muammar Gaddafi had been paid to opaque accounts belonging to the Libyan Investment Authority, UN investigators are finally looking into where the money went. At last count, RT […]

zerohedge October 31, 2018

Via DataTrekResearch.com, Ten years ago today (October 31st) someone going by the name Satoshi Nakamoto published a paper titled “Bitcoin: A Peer to Peer Electronic Cash System”.  The system he or she outlined went live a few months later, on January 3rd 2009. The basic idea was simplicity itself: create a monetary system that doesn’t […]

zerohedge October 31, 2018

Hours after the Washington Post published an anonymously sourced story claiming that Saudi Arabia is still refusing to cooperate with Turkish investigators looking into the murder of insider-turned-dissident Jamal Khashoggi, Istanbul’s head prosecutor has delivered a statement revealing more incriminating details about the circumstances surrounding the journalist’s murder at the hands of a 15-man “hit […]