“This Is Embarrassing”: 2 People Show Up For iPhone 8 Launch in China

–  “This Is Embarrassing”: 2 People Show Up For iPhone 8 Launch in China:

Confirming reports that reception for Apple’s iPhone 8 may be “underwhelming” to put it lightly, is the following report from Hangzhou, China which reveals that all of 2 people were waiting in line for the latest gizmo from Tim Cook.

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Bitcoin Slides After Dimon Doubles Down On Cryptocurrency Concerns: “It Will End Badly”

Bitcoin Slides After Dimon Doubles Down On Cryptocurrency Concerns: “It Will End Badly”:

Just a week after Jamie Dimon first attacked Bitcoin for being a “fraud,” the self-interested JPMorgan CEO has doubled down on his anti-crypto-currency tirade, somewhat exposing just how concerned he is at the potential for disruption within his industry.

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“You’re Going To See A Rush For Gold” – Katusa Warns De-Dollarization Is Accelerating

“You’re Going To See A Rush For Gold” – Katusa Warns De-Dollarization Is Accelerating:

With China and Russia working together to de-dollarize the U.S. dollar starting with oil… you’re going to start seeing a massive unwind of these U.S. dollars in the emerging markets… you’re going to see a massive rush for gold.”

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Jamie Dimon Faces Market Abuse Claim Over “False, Misleading” Bitcoin Comments

Jamie Dimon Faces Market Abuse Claim Over “False, Misleading” Bitcoin Comments:

A week after Jamie Dimon made headlines by proclaiming Bitcoin a “fraud” and anyone who owns it as “stupid,” the JPMorgan CEO faces a market abuse claim for “spreading false and misleading information” about bitcoin.

Unless you have been living under a rock for the past week, you will be well aware of JPMorgan CEO Jamie Dimon’s panicked outburst with regard the ‘fraud’ that Bitcoin’s ‘tulip-like’ bubble is. To paraphrase:

“It’s a fraud. It’s making stupid people, such as my daughter, feel like they’re geniuses. It’s going to get somebody killed. I’ll fire anyone who touches it.”

One week later, an algorithmic liquidity provider called Blockswater has filed a market abuse report against Jamie Dimon for “spreading false and misleading information” about bitcoin.

The firm filed the report with the Swedish Financial Supervisory Authority against JPMorgan Chase and Dimon, the company’s chief executive. Blockswater said Dimon violated Article 12 of the European Union’s Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was “a fraud”.

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Household Wealth Hits A Record $96.2 Trillion… There Is Just One Catch

Household Wealth Hits A Record $96.2 Trillion… There Is Just One Catch:

In the second quarter of 2017, US household net worth rose by $1.7 trillion, reaching a record $96.2 trillion as the stock market soared and home prices hit new record highs. But while it would be great news if wealth across all of America had indeed risen as much as the Fed claims, the reality is that there is a big catch

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Bankers blame Technology for Inequality and the coming Collapse

And the sheeple will probably believe it.

Bankers blame Technology for Inequality and the coming Collapse:

Central banks warn of risk of slowing globalisation and attack Nationalism and bilateral negotiations.

Populism questions the benefits of globalization. However, the coordinator of the central banks, the Bank of International Settlements (BIS), makes in its annual report a fiery defense of globalization:

“We run the risk of forgetting the lessons of the past, taking for granted the progress achieved during the last century in living standards,” says its president, Jaime Caruana.

Moreover, the document points to technology as the main responsible for the increase in inequality.

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Federal Reserve Sets the Stage for Global Economic Disaster (Video)

Federal Reserve Sets the Stage for Global Economic Disaster (Video):

Easy money, the cure to the ‘Great Recession”, is now clogging the system and preventing a lot of small business owners and entrepreneurs from finding success. The size and scope of these assets bubbles haven’t been seen since the Great Depression and now the Fed will start tightening the money supply…This ain’t gonna end well, folks.

Watch on YouTube

Source: The Federal Reserve Is Setting America up for Economic Disaster

H/t reader squodgy:

“Years ago I recall, I read an article regarding the coming collapse, in which the writer explained it will be a steady, protracted roll down the hill, during which Governments will increase their control of population through fear.

Hmmm.”

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William Engdahl: An American Oligarch‘s Dirty Tale of Corruption

Soros is only a servant of the Rothschilds.

Be warned Europe….

George Soros Is “Investing” $500 MILLION In Europe’s Refugees And Migrants: He Explains Why

#Hungary: PM Viktor #Orban says the EU is implementing #GeorgeSoros’ plan to bring 1 million economic migrants to Europe every year. (Video)

Excerpt of PM Viktor Orban’s Speech On The EU, Soros, And The Destruction Of Europe (July 22, 2017 – Video) – #MigrantCrisis, #Muslims, #Islam

Viktor Orban: European Union Is Following ‘Soros Migrant Plans’

Flashback:

An American Oligarch‘s Dirty Tale of Corruption:

Rarely does the world get a true look inside the corrupt world of Western oligarchs and the brazen manipulations they use to enhance their fortunes at the expense of the public good. The following comes from correspondence of the Hungarian-born billionaire, now naturalized American speculator, George Soros. The hacker group CyberBerkut has published online letters allegedly written by Soros that reveal him not only as puppet master of the US-backed Ukraine regime. They also reveal his machinations with the US Government and the officials of the European Union in a scheme where, if he succeeds, he could win billions in the plunder of Ukraine assets. All, of course, would be at the expense of Ukrainian citizens and of EU taxpayers.

What the three hacked documents reveal is a degree of behind-the-scene manipulation of the most minute details of the Kiev regime by the New York billionaire.

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Toys “R” Us Files Chapter 11: Second Largest US Retail Bankruptcy In History

Toys “R” Us Files Chapter 11: Second Largest US Retail Bankruptcy In History:

Toys “R” Us Inc., the largest US toys retailer, filed for bankruptcy late on Monday night, as a result of a crushing post-LBO debt load and relentless competition from warehouse and online retailers. With assets of $6.9 billion, it’s the second-largest retail bankruptcy, trailing the filing in 2002 by Kmart, which had $14.6 billion in assets.

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Guaranteed Income and Living Wage Schemes Cannot Possibly Work

Guaranteed Income and Living Wage Schemes Cannot Possibly Work:

Facebook founder Mark Zuckerberg Supports Universal Basic Income.

In its basic form, universal basic income means “everyone gets a paycheck, whether they have a job or not.”

Many expect even more. They want a guaranteed “living wage”.

Useless Trials

Such schemes cannot possibly work. But that does not stop fools from trying.

For example, Finland is giving out a guaranteed monthly income of nearly $600 to 2,000 citizens.

Canada’s province of Ontario, which includes Toronto, started a pilot program in April that provides 4,000 citizens with an unconditional income of about $12,600 a year. Applicants must be between ages 18 and 64 and living on a limited income.

Those studies cannot prove anything, no matter what the results.

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$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas

$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas:

Between Irma’s $517 billion and Harvey’s $179 billion, the total potential damage could impact as much as a $696 billion in notional mortgage values, which banks could be on the hook for if current occupiers decide to simply walk away.

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Gold Tumbles Most Since July (As Bitcoin Bounces)

Gold Tumbles Most Since July (As Bitcoin Bounces):

Gold is down over 1% this morning, extending recent weakness to 3-week lows on the basis that the world didn’t end (and the debt ceiling was extended) we presume. Notably, both USDJPY and Bitcoin are mirroring the precious metal’s move…

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“Most Draconian Measures Ever”: China Expands Bitcoin Crackdown Beyond Exchange Trading

“Most Draconian Measures Ever”: China Expands Bitcoin Crackdown Beyond Exchange Trading:

Last week bitcoin plunged over 40% from all time highs hit as recently as three weeks ago on news that China had ordered local exchanges to halt trading in the cryptocurrency. Since then, defying naysayers yet again, bitcoin staged a remarkable comeback, rising from under $3000 to $4000 in the last few days of trading, but China appears to be nowhere near done, and as the WSJ reports this morning, Beijing is moving toward a “broad clampdown on bitcoin trading, testing the resilience of the virtual currency as well as the idea its decentralized nature protects it from government interference” in what the paper dubs the “most draconian measures any government has taken to control bitcoin.

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