“This Market Is Crazy”: Hedge Fund Returns Hundreds Of Millions To Clients Citing Imminent “Calamity”

“This Market Is Crazy”: Hedge Fund Returns Hundreds Of Millions To Clients Citing Imminent “Calamity”:

“We think that there is too much risk in this market at the moment, we think it’s crazy,” Altair CIO Philip Parker said: “valuations are stretched, property is massively overstretched… Let me tell you I’ve never been more certain of anything in my life.

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A Cataclysm Awaits Us: Experts Warn Of “Worst Case Scenarios” Unfolding With “Danger Zone” From Summer Through November

A Cataclysm Awaits Us: Experts Warn Of “Worst Case Scenarios” Unfolding With “Danger Zone” From Summer Through November

H/t reader squodgy:

“It is gathering pace now.
Food inflation will start to have a real effect soon, then the seizing up of commerce worldwide will coincide with some Rothschild initiated event as they allow debt and currency to reset.

Last chance to prep.”

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Don’t Fall For The Hype: Bitcoin Isn’t A Safe Haven Asset

Don’t Fall For The Hype: Bitcoin Isn’t A Safe Haven Asset:

If you were aware of bitcoins seven years ago, you were probably mocking the idea of a cryptocurrency. After all, who would pay money for useless digits on a screen? But don’t feel too bad about not buying bitcoins when they were cheap. Even the people who were interested in bitcoins early on had no idea that they’d be worth anything.

That’s certainly case with Laszlo Hanyecz. On May 22nd, 2010, Laszlo made history when he made the very first purchase with bitcoins. He spent 10,000 of them to buy two measly Papa John’s pizzas. Considering the impressive rise in the price of bitcoins over the past few weeks, it’s safe to say that if he hadn’t made that purchase, his life would probably be very different right now.

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Handout Nation: Combined Enrollment In America’s 4 Largest Safety Net Programs Hits A Record High Of 236 Million

Handout Nation: Combined Enrollment In America’s 4 Largest Safety Net Programs Hits A Record High Of 236 Million:

Margaret Thatcher once said that the problem with socialism “is that eventually you run out of other people’s money”. As you will see below, the combined enrollment in America’s four largest safety net programs has reached a staggering 236 million. Of course that doesn’t mean that 236 million people are getting benefits from the government each month because there is overlap between the various programs. For example, many Americans that are on Medicaid are also on food stamps, and many Americans that are on Medicare are also on Social Security. But even accounting for that, most experts estimate that the number of Americans that are dependent on the federal government month after month is well over 100 million. And now that so many people are addicted to government handouts, can we ever return to a culture of independence and self-sufficiency?

H/t reader squodgy:

“A play on words I hope.
I think they mean that there are 236 million benefits dished out, presumably some people get multiple benefit support, and are duplicated, like injured vets?”

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Bitcoin mania headed toward catastrophic correction

Bitcoin mania headed toward catastrophic correction:

MIKE ADAMS-Disclaimer: I am pro-Bitcoin and pro crypto-currency. For 15 years, I have publicly and repeatedly criticized the central banks, fiat currency systems and the systematic theft of purchasing power from the People by corrupt banking cartels. This is not a hit piece on Bitcoin but rather a rational analysis of why the current Bitcoin BUBBLE is dangerous for novice investors as well as the long-term reputation of the Bitcoin crypto currency. I have mined a few Bitcoins over the last two years. I now hold just 0.25 Bitcoins in total, having just traded almost my entire Bitcoin wallet for physical gold. (Yes, somebody gave me GOLD in exchange for a virtual wallet. Seriously.) Why did I do that? Because I can do math. Here’s what I discovered:

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Sears Revenues Plunge, to Hit Zero in 3 Years, Shares Jump

Sears Revenues Plunge, to Hit Zero in 3 Years, Shares Jump:

The ingenious strategy of cost-cutting and store-closing your way out of trouble: Pretty soon, it leads to zero.

Sears reported first quarter earnings today. “Earnings” has been a bad joke with Sears, which has lost money every one of the past six years, $10 billion in total.

H/t reader squodgy:

“This article, whilst highlighting the struggle affecting all high street retailers, takes the mickey out of what is really the only route available for Sears….cost cutting and store closing.
Unfortunately only a few of us foresaw economic unsustainability on the horizon. The logic was laughed at, now the tsunami is here.”

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A New Financial System is Being Born

FYI.

A New Financial System is Being Born

H/t reader squodgy:

“Reading this has clarified a lot about bitcoin.
In fact as the banking fraternity are secretly preparing to change our world, it seems cryptocurrency just might be an alternative parallel system to whatever the criminal zionists force upon us. Will read more.”

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Shareholder Lawsuit: Delightful Weapon Against Drug Companies

Shareholder Lawsuit: Delightful Weapon Against Drug Companies:

By Jon Rappoport

The company is NewLink. The vaccine, or drug, depending on how it is defined, is called algenpantucel-L. A clinical trial of the drug recently failed to produce benefits in cancer patients, and the stock price of the company took a major dive.

A shareholder in NewLink, Rickey Ely, decided to sue.

His reasons are interesting, to say the least.

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Over 1.5 Million American Families Live on Two Dollars Per Person Per Day

Over 1.5 Million American Families Live on Two Dollars Per Person Per Day:

According to Kathryn J. Edin and H. Luke Shaefer, sociologists and authors of the book $2.00 per Day: Living on Almost Nothing in America, in 2011 more than 1.5 million US families—including three million children—lived on as little as two dollars per person per day in any given month. Edin and Shaefer determined this figure on the basis of data from the US Census Bureau’s Survey of Income and Program Participation (SIPP), income data from the federal Supplemental Nutrition Assistance Program (SNAP), additional data on family homelessness, and their own fieldwork in four study sites, including Chicago, Cleveland, and rural communities in Appalachia and the Mississippi Delta.

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