HUGE HACK AFFECTS THOUSANDS OF SECURITY CAMERAS. The latest digital hack of a prominent surveillance firm reveals just how extensive online stores of sensitive personal video and audio are becoming. Intruders were able to breach Verkada, a California-based company that provides monitoring equipment and cloud storage services to schools, hospitals, prisons, and thousands of other...
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INFLATE OR DIE, REVISITED
by Gregory Mannarino, TradersChoice.net On May 16, 2020, the Trends Journal published my article, “INFLATE OR DIE.” In the article, I outlined a situation unfolding at the time, and I also made it known that the Federal Reserve has one primary goal: TO OWN IT ALL. Since the article was published ten months ago, everything...
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U.S. MARKETS OVERVIEW
On the economic news front, over the past few days, U.S. Treasury Secretary Janet Yellen made the media rounds to assure the Plantation Workers of Slavelandia that with governments pumping in $2 trillion to boost the COVID-devastated economy, they will live “happily ever after.” And, despite being out of work and/or real wages sinking lower...
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GOING DOWN, GOING BUST, GOING OUT
DISNEY TO CLOSE AT LEAST 60 STORES IN NORTH AMERICA. The entertainment giant will shift more attention to online sales and close storefronts to save rent as more shoppers buy from its Internet sites. “While consumer behavior has shifted toward online shopping, the global pandemic has changed what consumers expect from a retailer,” Stephanie Young,...
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TOP TRENDS 2021: THE RISE OF CHINA
As we have forecast, the 20th century was the American century – the 21st century will be the Chinese century. The business of China is business; the business of America is war. While America spent countless trillions waging and losing endless wars and enriching its military-industrial complex, China has spent its trillions advancing the nation’s...
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LEBANON’S CURRENCY FALLS TO RECORD LOW, SPARKING UNREST
The Lebanese pound traded at a record-low 10,000 to the U.S. dollar on the country’s black market on 2 March, about 85 percent below its official exchange rate. The pound has lost 20 percent of its value this year. Food prices rose at an annual rate of 400 percent in December and 45 percent of...
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BRITISH-EUROPEAN TRADE MIRED IN BUREAUCRACY
In January, French exports to the U.K. were 13 percent fewer than the previous six months’ average. German exports to Britain were down 30 percent year over year, Italy’s 38 percent. For the month, Italy imported 70 percent fewer items from Britain. “I have a hard time deciding what is the impact of Brexit and...
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U.K. TO HIKE TAXES
Britain has become the first major nation to announce it will raise taxes after its economy recovers. Corporate taxes will rise from 19 percent to 25 percent in April 2023, and tax-free allowances on personal income taxes will be suspended, treasury chief Rishi Sunak announced. The two measures are expected to bring £65 billion –...