Silver as an investment

6 Injured After Car Hits Pedestrians Celebrating End Of Ramadan In Newcastle

A car has plowed into a gathering of people celebrating Eid prayers to mark the end of the Muslim holy month of Ramadan near a Newcastle mosque, according to local media reports cited by Russia Today. Six people have been injured and a female driver has been arrested, police said. The crash occurred outside the Westgate Sports Centre, according to a Northumbria Police statement.


A 42-year-old woman has been arrested by following the Newcastle incident

Unlike a similar incident last week where a van driven by a 48-year-old man slammed into a crowd celebrating the last days of Ramadan outside a mosque in Finsbury Park, police say last night’s incident is not being treated as an act of terrorism.

“There has been an incident on Westgate Road, but we do not believe it is terror related. It is an accident as far as we can see,” a police spokesperson told the Chronicle.

According to CNN, police confirmed that a 42-year-old woman had been arrested and added that they were not pursuing anyone else. "It is not believed to be a terror incident," Northumbria police said in a statement.

"Police enquiries are ongoing to establish exactly what happened."

The local police initially reported that five people had been injured, but later revised the number to six. Three of those injured were children, according to North East Ambulance Service.

REALIST NEWS – New York’s Billionaires Row Suffers Biggest Foreclosure In History (Oh Boo Hoo)

jsnip4Published on Jun 25, 2017

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BIS Lists The Four Biggest Threats Facing The Global Economy

zerohedge.com / by Tyler Durden / Jun 25, 2017

After years of fire and brimstone sermons, also known as the Bank of International Settlements’ annual reports delivered with doom and gloomy aplomb by Jaime Caruana, who year after year warned about the adverse side-effects of central bank intervention, today the BIS released its most upbeat reports in years, in which it praised the recent rebound in global growth and predicted that GDP may soon revert to long-term average levels after the sharp improvement in sentiment over the past year.

Or maybe not, because even as talk of a “global coordinated rebound” continues, it has once again rolled over, with the US economy barely growing above stall speed, while the BIS explicitly notes that “despite the best near-term prospects for a long time, paradoxes and tensions abound” among these are the VIX…

Financial market volatility has plummeted even as indicators of policy uncertainty have surged.

… and the record disconnect between equities and bonds.

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BIS Lists The Four Biggest Threats Facing The Global Economy

After years of fire and brimstone sermons, also known as the Bank of International Settlements’ annual reports delivered with doom and gloomy aplomb by Jaime Caruana (the 2014 report, in which the BIS was shocked at how broken the market has become, was a particular favorite) who year after year warned about the adverse side-effects of central bank intervention, today the BIS released its most upbeat reports in years, in which it praised the recent rebound in global growth and predicted that GDP may soon revert to long-term average levels after the sharp improvement in sentiment over the past year.

Or maybe not, because even as talk of a “global coordinated rebound” continues, it has once again rolled over, with the US economy barely growing above stall speed, while the BIS explicitly notes that “despite the best near-term prospects for a long time, paradoxes and tensions abound” among these are the VIX…

Financial market volatility has plummeted even as indicators of policy uncertainty have surged.

… and the record disconnect between equities and bonds.

Stock markets have been buoyant, but bond yields have not risen commensurately.

Meanwhile, optimism – at least as measured by various sentiment surveys such as the PMI and consumer confidence, is the highest since the financial crisis even as globalization, “a powerful engine of world growth, has slowed and come under a protectionist threat.”

While praising the recent economic rebound, the BIS notes that the main theme of this year’s Annual Report is the “sustainability” of the current expansion, specifically “What are the medium-term risks? What should policy do about them? And, can we take advantage of the opportunities that a stronger economy offers?”

Of particular focus are the following four main risks (aside from geopolitical) listed by the BIS  that could undermine the sustainability of the upswing.

  1. First, a significant rise in inflation could choke the expansion by forcing central banks to tighten policy more than expected. (more…)

SYRIA: Vanessa Beeley on RT Covering Latest White Helmet Participation in US Extremist Atrocities

21stcenturywire.com / BY VANESSA BEELEY / JUNE 25, 2017

21st Century Wire says…

“This obeisance to the United States and its collaborators as a benign force “bringing good” runs deep in western establishment journalism. It ensures that the present-day catastrophe in Syria is blamed exclusively on Bashar al-Assad, whom the West and Israel have long conspired to overthrow, not for any humanitarian concerns, but to consolidate Israel’s aggressive power in the region. The jihadist forces unleashed and armed by the US, Britain, France, Turkey and their “coalition” proxies serve this end. It is they who dispense the propaganda and videos that becomes news in the US and Europe, and provide access to journalists and guarantee a one-sided “coverage” of Syria.” ~ John Pilger

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REALIST NEWS – WEB BOT HIT: Two Italian Zombie Banks Toppled Friday Night

jsnip4Published on Jun 25, 2017

The post REALIST NEWS – WEB BOT HIT: Two Italian Zombie Banks Toppled Friday Night appeared first on Silver For The People.

Bernie Sanders & Wife Under FBI Investigation For Bank Fraud

Vermont Senator Bernie Sanders and his wife Jane have lawyer'd up amid an FBI investigation into a loan obtained to expand Burlington College while she was its president.

As we noted just over a year ago, Burlington College, a small Vermont private school once led by the wife of Democratic presidential candidate Bernie Sanders, said Monday it will close later this month, citing "the crushing weight" of debt incurred during the presidency of Jane Sanders who was in charge of the college until 2011.

According to WaPo, the college which enrolled 224 students as of fall 2014, said it faced financial troubles connected to its 2010 purchase of 32 acres of lakefront property from the Archdiocese of Burlington, according to the Burlington Free Press. The college said it had sold property to reduce its debt to a manageable level, but it was placed on probation in 2014 by its accrediting agency and it faced cash flow problems due to the imminent loss of a line of credit.

The reason for the small liberal school's terminal financial trouble is that to fund the property purchase from the Catholic diocese, Sanders took out $10 million in loans.  As HeatStreet reported last year, the college almost immediately fell short on its financial obligations as fundraising pledges and commitments Ms. Sanders cited in the loan agreements never materialized. Less than a year after leading Burlington College into massive debt, Ms. Sanders resigned, taking with her a $200,000 severance package. By 2014, because of its shaky finances and running deficits, Burlington College found itself placed on probation for two years by the regional accreditation agency.

Jane Sanders was president of the college from 2004 to 2011. Her husband, Bernie Sanders (I-Vt.), a former mayor of Burlington, served in the U.S. (more…)

Home buyers pay heavy price for regulation – regulations account for more than $45,000 of the cost of a $195,000 median-priced home in the San Antonio area.

InvestmentWatch

investmentwatchblog.com / BY ·

A hidden scourge is hampering the housing and economic recovery and preventing millions of American families across the nation, and an alarming number here in the San Antonio area, from getting a toehold on the housing ladder.

The insidious costs of unnecessary regulations are staggering, and consumers and the business community are all paying a terrible price. The problem is particularly acute in the homebuilding sector, which is one of the most regulated industries in the nation.

Indeed, government regulations account for more than 24 percent of the cost of a new single-family home. In other words, regulations account for more than $45,000 of the cost of a $195,000 median-priced home in the San Antonio area.

Perhaps most troubling, the cost of regulation in the price of a new home is rising more than twice as fast as the average American’s ability to pay for it. The average cost attributable to regulation in the price of an average new home increased by 29.8 percent during the past five years while disposable income per capita rose only 14.4 percent.

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Gerald Celente – Iran, Oil or Tech Could Sink the Economy

Greg HunterPublished on Jun 24, 2017

The post Gerald Celente – Iran, Oil or Tech Could Sink the Economy appeared first on Silver For The People.

Britain on the Edge of Collapse?

armstrongeconomics.com / by Martin Armstrong / Jun 25, 2017

So far, Prime Minister Theresa May has been unable to form a majority government. She is now officially on the clock and being unable to strike a deal means her government will fall apart. Negotiations with the Democratic Unionist Party, a far-right Northern Irish outfit whose support seems necessary for her to win the vote, have not gone well.

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