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our mission: to widen the scope of financial, economic and political information available to the professional investing public. to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become. to liberate oppressed knowledge. to provide analysis uninhibited by political constraint. to facilitate information's unending quest for freedom.

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Prohibition Ended Today 86 Years Ago

Authored by D.W.MacKenzie via The Mises Institute, Today is an interesting milestone for Libertarian minded people, as well as those with a fondness for trivia. 86 years ago today FDR 86’d prohibition. Drinking became a crime starting on January 17th 1920, and remained a crime until December 5th 1933. Prohibition serves as a leading example of what happens when people in a largely free society lose part of their freedom. Prohibition did not stop Americans from drinking, it just drove an...

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China Will Use Millions Of Zimbabwe Citizens To Improve Facial Recognition Accuracy

As China spreads its economic footprints across multiple continents with The Belt and Road Initiative, and exercises more and more control over the lives of its subjects via a combination its Social Credit Score system and vast surveillance state, it appears Beijing's Big Brother has run into an issue that needs to be addressed to achieve world domination... inaccuracy! Facial recognition systems are becoming more and more mainstream and accepted by an increasing number of 'average joes'...

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November Payrolls Preview: This May Actually Matter

With the Fed now on hold well into 2020 (by which we mean no rates hikes ever and a rate cut as soon as the S&P drops more than 10%), Powell's reaction function is once again data-dependent, which is why tomorrow's payrolls report might actually matter to markets: if very strong, it may just skewer stocks as the odds of a rate hike, improbable as they may be, will rise; if ugly - which is far more likely after our analysis over the weekend and yesterday's disastrous ADP - it could send...

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Shale’s Debt-Fueled Drilling Boom Is Coming To An End

Authored by Nick Cunningham via OilPrice.com, The financial struggles of the U.S. shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape. The Permian has recently seen job losses, and for the first time since 2016, the hottest shale basin in the world has seen job growth lag the broader Texas economy. The industry is cutting back amid heightened financial scrutiny from investors, as debt-fueled drilling has become increasingly...

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New ATF Study: 423 Million Guns In Hands Of Americans

Authored by Steve Watson via Summit News, Violent crime rate has decreased by 48.6 percent in tandem with ownership rise... Newly released figures from the U.S. Bureau of Alcohol, Tobacco, Firearms, and Explosives shows that there are now a whopping 422.9 million guns in the hands of Americans. The number equates to 1.2 guns for every person in the country. The figures also show that in 2018, 8.1 billion rounds of ammunition were produced by the gun industry. The figures also reveal...

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Hillary Casually Drops ‘Russian Asset’ Smear On Bernie Sanders In New Interview

Hillary Clinton went on the Howard Stern show this week for a wide-ranging interview with the popular radio host, specifically focusing on her loss to Trump and what 2020 looks like — a race she's recently dropped hints she could be prepared to enter, however unlikely that might be.  While the Wednesday interview was widely covered in the media, there's one segment largely overlooked in the mainstream, but which is stunning nonetheless. We've grown used to her 'Trump is a Russian asset' line...

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Bill Gates Wants to Export India’s National ID System Around The Globe

Authored by Daniel Taylor via OldThinkerNews.com, It’s not just a social credit score system spreading around the world from China that threatens the free people of the world; India’s Aadhaar National ID program has the full support of Bill Gates and the World Bank as a model for other countries to follow. Gates said in a 2018 CNBC interview that it was “too bad” if someone thought that Aadhaar was a privacy issue: The Gates Foundation has pledged to fund the World Bank...

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JPMorgan Issues 2020 Alert: Recession Odds Jump After The Election, As The Fed’s Credibility Is Questioned

When it comes to Wall Street's recent flurry of 2020 forecasts, most banks - perhaps with the notable exception of SocGen - agree that the first half of next year will be more of the same smooth sailing for US equities observed for much of 2019 (if not the violent rotations we witnessed below the surface that crippled quant returns this year). Where where the consensus goes downhill and things gets stormy, is the outlook for the second half of 2020, whose dominant feature will be the...

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The Average Person Will Watch Over 78,000 Hours Of Television “Programming” Over The Course Of A Lifetime

Authored by Michael Snyder via TheMostImportantNews.com, If you want to waste your life, a great way to do that is to spend tens of thousands of hours watching television. Today, it is so difficult to get people to leave their homes and get active in their communities, because most of us are absolutely glued to one screen or another. After a long day at school or a hard day at work, most of us understandably want to relax, and from a very early age most of us have been trained to turn to the...

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Beijing No Longer Seems Interested In Footing The Bill For Electric Vehicles

EVs were once thought to be the unlimited silver lining behind an automotive industry that has all but collapsed into severe recession in China.  But now, it's looking like Beijing isn't so excited to help sustain the EV niche of the market anymore, according to the Wall Street Journal.  And Beijing's ambivalence is starting to show up in the numbers. EV sales fell off a cliff after June of this year, when the government slashed purchase subsidies. From July to October, sales of new energy...

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