That's truly a relief: just as America, half of which lives paycheck to paycheck, was collectively wondering what to invest its life savings in, along came ICO tranches.............In a nutshell: We’re going to take a position in each ICO, then wrap those up into their own ICO and then you can buy tranches of that ICO depending on your “risk tolerance” i.e. how strong a person you are. Basically, it’s all a question of how RICH YOU WANT TO BECOME. The bottom tranche is so safe that you can basically put your entire life savings in and earn a fat return.
To a certain class of people — a class that includes a lot of Intellectuals-Yet-Idiots, as Nassim Taleb has dubbed them — President Donald Trump is a figure of supernatural malignity who must be ousted at all costs. I did not vote for Donald Trump and I do not admire him; but I rather resent the dishonesty that is being marshaled against him, especially the misuse of judicial procedure and the mendacious propagandizing of the nation in service to that end.
Tesla isn’t quite out there by itself, though. The Wall Street hype machine backs it up, dousing it with billions of dollars on a regular basis to burn through as fast as it can. This masterful hype has created a giant market capitalization of about $52 billion, more than most automakers, including Ford ($50 billion). It’s not far behind GM ($61 billion). But Tesla – which lost $619 million in Q3 – delivered only 3,590 vehicles in November in the US, down 18% from a year ago.
I could understand it if its track record was spotty, or partially mixed. But the level of denial runs deep and wide with the yield curve. There is a growing chorus of nonsense, really, which is attempting to spin the flattening as some kind of benign technical rotation that through illogical convolution equals the opposite of what is obvious.
....One River's CIO Eric Peters published the following anecdote revealing an earlier moment of his life, when as a currency trader, he learned a valuable lesson following the spectacular blow up of Europe's Exchange Rate Mechanism, or ERM, and why the lesson from some 25 years ago, leads Peters to conclude that "Today’s central bank volatility suppression regime resembles it, and will end in spectacular fashion".
To secure their share of this grandiloquent banquet, the defense industry’s lobbyists stampede Capitol Hill like well-heeled wildebeest, each jockeying for a plum position at the trough. This year, a robust collection of 208 defense companies spent $93,937,493 to deploy 728 “reported” lobbyists (apparently some go unreported) to feed this year’s trumped-up, $700 billion defense-only budget, according to OpenSecrets.org. Last year they spent $128,845,198 to secure their profitable pieces of the government pie.
First, it is important to notice that with the exception of only 1929, 2000 and 2007, every other major market crash occurred with valuations at levels LOWER than they are currently. Secondly, all of these crashes have been the result of things unrelated to valuation levels such as liquidity issues, government actions, monetary policy mistakes, recessions or inflationary spikes. However, those events were only a catalyst, or trigger, that started the “panic for the exits” by investors.
Think about it, folks: both the US and the Russians possess enough nuclear firepower to destroy all life on earth several times over. This sword of Damocles is hanging over us by a thread, just as it loomed large during the last cold war with Moscow. It’s a machinery of annihilation that is set on hair-trigger alert, and any number of events could unleash it: a miscalculation, a foolish bluff, a misunderstanding, a technical glitch, a showdown similar to the Cuban missile crisis. All that stands between us and utter extinction is the hope that this apparatus of death can be restrained by mutual agreement. Bravo to the Trump administration for making peace a priority. If this is now a crime, and even “treason,” as the mouth-breathers of #TheResistance would have it, well then let the Washington Inquisition make the most of it.
The Stanford mathematician William J. Perry was a strategic nuclear advisor to U.S. President John Fitzgerald Kennedy during the Cuban Missile Crisis in 1962, and then he became U.S. Secretary of Defense under President Bill Clinton. He stated in a speech on November 28th at the National Cathedral in Washington DC, that “inexplicably to me, we’re recreating the geopolitical hostility of the Cold War, and we’re rebuilding the nuclear dangers,” and he went so far as to make clear why "I believe that the likelihood of some sort of a nuclear catastrophe today is actually greater than it was during the Cold War."
Under the instruction by President Putin, the Bank of Russia has been implementing the program of increasing the absolute share of gold in the gold and currency reserves of Russia for many years," First Deputy Chairman of the Russian regulator Sergey Shvetsov said last week at a conference on precious metals in Moscow. Since Putin’s election as president, Russian gold reserves have increased more than 500 percent from 343 tons, according to Gold.org data.