It is the 20th of September 2019

News

FBI Investigating Russian Payments Intended "To Finance 2016 Election"

A day after the Atlantic revealed that Donald Trump Jr. exchanged direct messages with somebody (possibly Julian Assange) running Wikileaks’ Twitter account, Buzzfeed has published another ostensibly tantalizing piece of news that, like yesterday’s Trump Jr. non-story, fails to deliver on its headline’s lofty promise.

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The Bank of England Just Provided Us With More Reasons to Own Gold and Silver

Yesterday the Bank of England cut its main interest rate from 0.5% to 0.25% for the first time, marking its first interest rate change since March 2009, and provided all of us with more reasons to keep converting fiat currencies into physical gold and physical silver. In addition the BOE announced an increase in its QE bond-buying program of £60bn to £435bn. And in response, the British pound immediately fell by 1% to the USD and traders added to their British pound longs, exceeding previous record net long positions in the pound recorded three years ago. I understand that traders are seeking a stronger rebound in the British pound after its plunge post-Brexit, and since the process for the UK to exit the EU has not even begun since the yes referendum vote, traders may be right to assume that the British pound will eventually rebound significantly in strength following this rate cut after people realize that a Brexit yes referendum vote may translate into an indefinite stay of limbo for the UK within the EU.

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Damn It Feels Good To Be A Gangsta; Until You Get Sentenced To 21 Months In Federal Prison

Many of us, at one point or another, have wondered what it would be like to quit a job in a blaze of glory...taking down computer networks and leaving a trail of mayhem in our paths on the way out the door. No, just us?   

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