It’s Official: Sears Canada Announces Bankruptcy; Fires 2,900

Sears Canada Announces Bankruptcy; Fires 2,900:

It’s official – the US ‘retail apocalypse’ has moved north as Sears Canada (and some of its subsidiaries) have applied to Ontario Superior Court of Justice for protection under the companies’ Creditors Arrangement Act (CCAA), in order to continue to restructure its business.

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Owning Gold Is the First Step to “Freedom Insurance”

Owning Gold Is the First Step to “Freedom Insurance”:

by Nick Giambruno, Senior Editor

It’s predictable…

A government in need of cash will turn to destructive “solutions.”

Money printing, higher taxes, and more regulations often come first. Unfortunately, these are just the hors d’oeuvres before a 10-course meal.

As they become increasingly desperate, governments implement increasingly destructive policies. This might include capital controls, price controls, people controls, official currency devaluations, wealth confiscations, retirement account nationalizations, and more.

The same pattern has played out again and again around the world and throughout history. The worse a government’s fiscal health gets, the more destructive its policies become.

This is the root of political risk.

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George Clooney will ‘pocket at least $233million’ after selling the tequila company he started by ACCIDENT with Cindy Crawford’s husband for $1BILLION

George Clooney will ‘pocket at least $233million’ after selling the tequila company he started by ACCIDENT with Cindy Crawford’s husband for $1BILLION

H/t reader kevin a.

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Albert Edwards: “Citizens Will Soon Turn Their Rage Towards Central Bankers”

Albert Edwards: “Citizens Will Soon Turn Their Rage Towards Central Bankers”:

“In an age of “radical uncertainty” how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers? I expect central bank independence will be (and should be) the next casualty of the current political turmoil.”

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Ethereum Flash Crashes By 96% After Status ICO Clogs Network

Ethereum Flash Crashes By 96% After Status ICO Clogs Network:

While Bitcoin, and recent Chinese and Korean momentum favorite, Litecoin, have been relatively stable for much of the day, Ethereum suffered dramatic losses on Wednesday, sliding from $360 to $260 before rebounding, in the process experiencing what may have been its first flash crash, when it plunged by 96% from $315 to $13 on massive volume, before rebounding.

As tends to happen without fail during volatile crypto-periods, the crash almost immediately took the Coinbase offline.

Over the past 24 hours, there were several warnings about “unstable operation” in the Ethereum Network, such as this one from the BTC-E exchange.

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“Brexit Is A Lose-Lose” – George Soros Slams Brits’ “False Hopes” As UK Economy Nears “Tipping Point”

“Brexit Is A Lose-Lose” – George Soros Slams Brits’ “False Hopes” As UK Economy Nears “Tipping Point”: 

A day after Brexit negotiations officially began, and seemingly unable to get over the result of democracy, George Soros is once again rattling his op-ed sabre, proclaiming the ignorance of British ‘brexit’ voters is about to get its come-uppance…

Economic reality is beginning to catch up with the false hopes of many Britons.

One year ago, when a slim majority voted for the United Kingdom’s withdrawal from the European Union, they believed the promises of the popular press, and of the politicians who backed the Leave campaign, that Brexit would not reduce their living standards. Indeed, in the year since, they have managed to maintain those standards by running up household debt.

This worked for a while, because the increase in household consumption stimulated the economy. But the moment of truth for the UK economy is fast approaching.

Soros said Britain’s eventual exit from the EU will take at least five years to complete, during which the country will probably hold another election.

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Beer ATMs Threaten America’s “Waiter & Bartender” Recovery

Beer ATMs Threaten America’s “Waiter & Bartender” Recovery:

For 87 straight months, the growrth in “Food Service and Drinking Workers” has been nothing short of spectacular. Which is why recent headlines from Vinepair should terrify policy-makers across the nation, as Climateer notes, that could all be about to end… Bartenders are being replaced by Robots…

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The [John] McCain Institute funded by George Soros and Saudi Arabia, EXPOSED

Related info:

Ivanka Trump’s women entrepreneurs fund takes $100 MILLION from Saudi Arabia and United Arab Emirates

Saudi King Shah Salman gifts items to Trump worth $1.2 BILLION

JARED KUSHNER DIDN’T DISCLOSE BUSINESS TIES TO SOROS, THIEL, AND GOLDMAN SACHS, OR THAT HE OWES $1 BILLION IN LOANS

Why Did George Soros Forgive Donald Trump As Much As $312 MILLION In Debt For No Apparent Reason?

GEORGE SOROS GAVE JARED KUSHNER $259 MILLION CREDIT

The [John] McCain Institute funded by George Soros and Saudi Arabia, EXPOSED:

John McCain’s connection to George Soros revealed.

Neocon Arizona Republican Senator John McCain may have his own little Clinton Foundation pay-to-play scheme operating in the halls of the US Senate.

The Daily Caller investigative group has learned that in 2012 McCain turned over nearly $9 million in unspent funds from his failed 2008 presidential campaign to a new foundation bearing his name, the McCain Institute for International Leadership.

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Stunning Footage Of American’s Crumbling Infrastructure

Stunning Footage Of American’s Crumbling Infrastructure:

“I was given special access to a behind the scenes view of America’s crumbling infrastructure that the public is not allowed to see. The reasons you’re left out of the know is because it destroys the mainstream narrative that everything is awesome…”

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