…..While an act of Congress provided authority to the Federal Reserve to create and manage our nation’s currency, it is also true that the “Federal” Reserve is NOT a federal institution!
JCPenney, an icon of American department stores, is on the verge of collapse. Penney’s has over 800 locations in 49 states, and employs roughly 95,000 people. Last week, the company announced a 1st quarter loss of $154 million, or $0.48/share. Analysts are projecting a loss of over $600 million for 2019…..assuming Penney’s even survives the year.
Amendment 4 of the United States Constitution protects citizens from unreasonable searches and seizure of their property. The law goes further in defining a search to be when the government physically intrudes on “persons, houses, papers, or effects” for the purpose of obtaining information.
Violence erupted all over France today as protests against the international banking cartels, the main cause of France’s economic difficulties, continued.
Two days ago, Julian Assange, founder of the website “WikiLeaks”, was arrested in London after being evicted from the Ecuadorian consulate in London, his home for…
On Friday, the “yield curve” officially inverted. This economic indicator has a PERFECT RECORD of predicting impending recessions for at least the past century. When the yield curve inverted on Friday, the stock market, and your 401k, got shredded!
Amazingly, not much has been mentioned in the mainstream media about the “Yellow Vest” protests in France, where millions of French have taken to the streets in sometimes violent protests against the globalist agenda, a fraudulent international banking system, and high taxes.
A spate of bad economic data hit the newswires this past week portending an ominous view of the future. Clearly a slowdown is underway, and it is happening much more quickly than most predicted.
Corporate Profits Expected To DECLINE In The First Quarter (per CNBC)
The stock market has seen a heck of a rise since December 24th, and at that time I indicated that even I was little surprised that we hadn’t begun a “tradeable” rally in this bear market.