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Category: Financial, Economy

Existing Home Sales Slump As Prices Soar To Record Highs

Zero Hedge Following yesterday’s collapse in new home sales, NAR reports that existing home sales in April also disappointed – dropping 2.3% (and March revised lower). This drop happens as median home prices spiked 6.0% YoY to record highs as sales declines are blamed once again on a lack of supply (forget affordability?). Highlights include: Existing-home sales at 5.57m, vs est. of 5.65m March at 5.7m; revised from 5.71m Existing-home sales fell 2.3% after rising 4.2% prior month 4.2 months supply in April vs. 3.8 in March Inventory rose 7.2% to 1.93m homes 1st-time buyers 34% of total sales;...

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Keiser Report: May 23, 2017 (E1074) [VIDEO]

RT Published on May 23, 2017 Check Keiser Report website for more: http://www.maxkeiser.com/ In this episode of the Keiser Report, Max and Stacy discuss how the new SALT conference is profiting from the distraction that is Cold War 2.0. While the Beltway media’s emotional and hysterical breakdown continues in the wake of Hillary Clinton’s humiliating political defeat to Donald Trump, the finance elite are winning bigly with deregulation and privatization under the cloak of #russiagate darkness. In the second half, Max continues his interview with Michael Pento of pentoport.com about debt and taxes in the age of Trump. WATCH...

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Greek Authorities To Launch Mass Confiscation Of Safe Deposit Boxes, Securities, Homes In Tax-Evasion Crackdown

Zero Hedge Last week, the Greek parliament once again approved more austerity to unlock withheld Greek bailout funds in Brussels: a symbolic move, which has little impact without any actual follow through, like for example, actually imposing austerity. And while Greeks have been very good in the former (i.e. promises), they have been severely lacking in the latter (i.e. delivery). That may be changing. According to Kathimerini, Greek Finance Ministry inspectors are about to start seeking out the owners of all local undeclared properties, while the law will be amended to allow for financial products and the content of...

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The Tens Of Millions Of Forgotten Americans That The U.S. Economy Has Left Behind

The Economic Collapse Blog The evidence that the middle class in America is dying continues to mount.  As you will see below, nearly half the country would be unable “to cover an unexpected $400 expense”, and about two-thirds of the population lives paycheck to paycheck at least part of the time.  Of course the economy has not been doing that well overall in recent years.  Barack Obama was the only president in all of U.S. history not to have a single year when the economy grew by at least 3 percent, and U.S. GDP growth during the first quarter...

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Amazon is a Destroyer of Jobs and the Merchant Economy

BATR If this is progress, just how much more can our economy afford? The myth of cheap prices, conveniently seldom factors in the structural costs to society. Building an all inclusive monopoly based upon minimal employees and predatory prices ignores the long anti-trust history that helped create the middle class. The last fifty years has demonstrated the systemic retreat from family prosperity, which has produced a vast disproportionate of wealth among the fewer haves and the growing have-nots. The enormous accumulation of market share that Amazon has steamrolled under the hypnosis of ease in selection of products, placing orders,...

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US Bank to Stop Funding Pipelines as Divestment Movement Expands Worldwide

Earth First Journal As a nearly ten-days-long global mobilization calling for divestment from fossil fuels comes to an end, climate campaigners are celebrating a major victory stateside: U.S. Bank has announced that it will no longer finance fossil fuel pipeline construction. The announcement came during the company’s April shareholder meeting, reported MN350, a state arm of international climate justice group 350.org, on Monday. As a result of the new policy, MN350 observes that the bank will no longer provide “project financing for the construction of oil or natural gas pipelines,” and will also apply “enhanced due diligence processes” to...

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Flax Car: Dutch students unveil ‘Lina’ world’s first biodegradable auto [VIDEO]

RT Published on May 18, 2017 Students from Eindhoven University of Technology unveiled the world’s first biocomposite car, called ‘Lina,’ at the campus in Eindhoven on Wednesday. COURTESY: RT’s RUPTLY video agency, NO RE-UPLOAD, NO REUSE – FOR LICENSING, PLEASE, CONTACT http://ruptly.tv READ MORE: https://on.rt.com/8c0c RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_c… Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to...

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Financial Weapons Of Mass Destruction: The Top 25 U.S. Banks Have 222 Trillion Dollars Of Exposure To Derivatives

The Economic Collapse Blog The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes.  Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives.  In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve.  As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our...

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Sheldan Nidle Update – May 16, 2017

PAO 1 Batz, 14 Moan, 13 Caban Selamat Jalwa! Despite various worries, the movement toward distribution continues. A number of new criteria are being added that could create a slight delay. We were told by the Elders and their many associates that we are again approaching a breakout point. Those in charge of this complex process know that the first distributions are nearing a release point. Due to this procedure, it is believed that those selected to be first are anxiously awaiting this decision. Thus, we have been informed that we must be prepared for some truly exciting news!...

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Euro Surges As Trump Fears Slam Dollar; Futures Poised For New Records

Zero Hedge In a replica of Monday’s early trading, European shares are down, this time led by health-care stocks even as the Euro surges above 1.1050, the highest level since the US election. Asian equities rose, while S&P futures were unchanged although we expect the ramp to kick in any second, and take the NASDAQ to another all time high. Meanwhile, the US dollar weakened for a fifth day after a WaPo report cited anonymous sources who said President Trump revealed classified information to Russia’s top diplomat. The dollar fell against all its major peers after the Washington Post...

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Keiser Report: Belt and Road initiative (E1071) [VIDEO]

RT Published on May 16, 2017 Check Keiser Report website for more: http://www.maxkeiser.com/ In this episode of the Keiser Report, Max and Stacy ask the trillion-dollar question: what is the Belt and Road Initiative? In the second half, Max interviews Josh Crumb of Goldmoney.com about financialization and how it got us to where we are. WATCH all Keiser Report shows here: http://www.youtube.com/playlist?list=… (E1-E200) http://www.youtube.com/playlist?list=… (E201-E400) http://www.youtube.com/playlist?list=… (E401-E600) http://www.youtube.com/playlist?list=… (E601-E800) https://www.youtube.com/playlist?list… (E801-E1000) https://www.youtube.com/playlist?list… (E1001 – Current) RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_c… Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us...

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TWO MAJOR CREDIT REPORTING AGENCIES HAVE BEEN DECEIVING US – IS YOUR CREDIT SCORE A SCAM?

Waking Times Isaac Davis, Staff Writer Waking Times As the world is pressed ever closer to a cashless society, individual control over one’s own wealth will become a thing of the past and our personal finances will be lorded over by government and the ‘official’ agencies contracted to manage our financial lives. The pieces are already in place, as is evidenced by the ubiquitousness of credit reporting agencies, and in this brave new world your credit score will be even more important than it is now. “Managed by a handful of private companies and based on secret scoring processes,...

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Elon Musk: Tesla’s Solar Roofs Will Be Cheaper Than Regular Roofs & Have “Infinity Warranty”

Futurism IN BRIEF Last night, Elon Musk announced that Tesla’s solar roofs would be on sale starting today. At the time, he also stated that more information on the panels was forthcoming. Now, he has unveiled key details about Tesla’s “infinity warranty.” A NOTABLE ANNOUNCEMENT Last night, Elon Musk announced via Twitter that orders would begin today (May 10th, 2017) for his revolutionary solar roof hardware. In another tweet, he promised that ordering would be available in most countries throughout the world. He also clarified that people could expect to see delivery begin in the United States in late 2017,...

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Snowden Blasts The NSA Over Global Malware Attack

Activist Post By Jack Burns Just one day after U.S. President Donald Trump signed an executive order designed to improve the country’s national security against cyber security threats, nearly 100 countries, including the United States, were hit with a powerful Ransomware cyber-attack. An Attack, that former National Security Advisor contractor Edward Snowden is blaming on the NSA. First question arise in Congress after @NSAGov‘s attack tools—which officials promised “nobody but us” could use—shut down hospitals in UK. https://t.co/YVAMd1SA3U — Edward Snowden (@Snowden) May 13, 2017 It was the one of largest known cyber-attacks in the history of the world and...

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Benjamin Fulford – The French branch of the Rothschild family paid Japanese gangsters to kill me

Benjamin Fulford By Benjamin Fulford May 12, 2017 We have confirmed that the French branch of the Rothschild family, that includes Stephan, Benjamin and David de Rothschild paid gangsters affiliated with Japanese Finance Minister Taro Aso to have me killed. We have also confirmed they were involved at the highest level in the March 11, 2011 nuclear and tsunami mass murder and terror attack on Japan. They also blatantly stole the recent French Presidential election. The White Dragon Society demands that these criminals be handed over to the US military police for questioning. If the Rothschilds, who are believed...

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For The First Time, You Can Track Every Dollar The Government Spends

Zero Hedge Despite paying trillions in Federal taxes every year, Americans’ requests for a clear, detailed breakdown of where their money goes every year, have gone unanswered and been ignored by both Republican and Democrat administrations for one simple reason: transparency has an unpleasant way of mutating into accountability, which is the scariest thing imaginable for any career politician. Not any more. On Tuesday, the US Treasury launched a new website designed to track virtually every dollar – out of roughly $4 trillion – in federal spending. The new website, Beta.USAspending.gov, was created to put data into the hands...

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WASHINGTON’S REAL MOTIVES IN NORTH KOREA AND AFGHANISTAN – PSYCHOLOGY, GEOPOLITICS & RARE EARTH METALS

The Last American Vagabond THE GEOPOLITICS, PSYCHOLOGY AND ECONOMICS OF THE NORTH KOREAN CRISIS, THE AFGHAN WAR AND THE FINAL GAMBIT If bombs start falling in North Korea, and if Kim Jong-Un is foolish enough to retaliate, it won’t be hard to convince the American public that war was unavoidable, and that the president should be given broad leeway to do “what needs to be done”. After all Kim Jong Un is crazy. He’s an evil buffoon with delusions of grandeur (he’s not about to be out-done by Mr. Trump). Mr. Trump has threatened preemptive strikes if North Korea...

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