Friday, May 29, 2020
America On The Brink Of Complete And Utter Chaos
America On The Brink Of Complete And Utter Chaos
Welcome to The Atlantis Report. It is heartbreaking to watch the violence that is taking place on the streets of Minneapolis. I have quite a few relatives that live in the Twin Cities area, and I have been there many times. In the old days it always felt so peaceful, but not anymore. The tragic death of George Floyd has unleashed a massive wave of anger, and the riots have made headlines all over the globe. Originally, many had anticipated that Thursday night would not be as violent as Wednesday night was, but that was not a safe assumption to make. Around 10 o’clock, protesters stormed into the Minneapolis Police Department’s 3rd Precinct building and set it on fire… Minneapolis is in the midst of a third night of unrest in the aftermath of George Floyd’s death, with protesters taking over the police department’s 3rd Precinct building late Thursday night. The break-in happened at about 10 p.m., with helicopter footage showing a large fire burning near the main entrance. Police released a statement, saying in part, “in the interest of the safety of our personnel, the Minneapolis Police Department evacuated the 3rd Precinct of its staff. Protesters forcibly entered the building and have ignited several fires.” As the building burned, fireworks were being shot into the sky in celebration. Of course the violence that we witnessed the previous evening was quite alarming as well. By the end of the night, rioters had torched and looted a number of prominent retail stores… Shocking images Thursday morning showed the widespread destruction left overnight after stores including Wendy’s, Target, Walmart and Autozone were looted and some even set on fire. Mayor Frey pleaded for calm ahead of more expected protests this evening telling residents ‘we cannot let tragedy beget more tragedy.’ Videos also showed what was reported to be an apartment building entirely engulfed by flames as rioters stood and watched and the fire department was nowhere to be seen. I don’t think that any of us will ever forget watching a Target store being looted, and at this point Target has decided to close all of their locations in the entire state “until further notice”. Overall, more than 50 buildings were burned down on Wednesday night, and one protester boldly declared that “the whole city can burn down”… “The whole city can burn down. They should all be out here protesting, not just people who care about black lives. Everybody. Burn it down. Make them pay. Maybe then they’ll understand,” one protester, Elicia S.—she declined to give her full last name—told The Daily Beast late Wednesday.
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MARC FABER NEWS
Moneycontrol.com | Dr. Doom? Marc Faber Sees Stock Buying Opportunity CNBC.com The dean of doom, Marc Faber, told CNBC on Tuesday that a variety of asset classes—including equities—may be worth buying for short-term gains. In the midst of market volatility on concerns over Federal Reserve tapering, he said, "Treasury bonds ... Marc Faber Marc Faber aka Dr. Doom: S&P 500 Index Could Fall 20% To 30% Easily Dr Doom warns stocks are oversold but S&P readies for another drop |
Marc Faber Forecasts 30% Stock Market Crash, Says Buy Gold The Market Oracle The Fed's 'tapering' comments have ramped up market volatilaty and Faber gives some advice for short and long-term strategies. For example: ""The best course of action is to actually not buy anything, but rather to reduce positions on a rebound," Faber ... |
Marc Faber: Bull in the short term, bear in the long term MarketWatch (blog) ... so perhaps it's best left to someone who has historically said “sell.” Marc Faber, author of the ”The Gloom, Boom & Doom Report,” and often called “Dr. Doom” because of his bearish sentiment, says there are buying opportunities — at least in the ... |
Business Insider | Marc Faber: Gold a possible canary in the deflation coalmine MarketWatch (blog) Here's what Marc Faber, editor of Gloom Boom Doom report told MarketWatch in an email. “Maybe gold is signaling a deflationary collapse of all asset prices. If this were indeed the case I suppose I would rather own gold than government bonds, high ... MARC FABER: The Way Things Are Going, Bernanke Will Have To Give Us 96 ... "Incredibly Bad Sentiment" Makes Gold & Bonds a Buy Says Marc Faber, as All ... “Sentiment on Gold and Bonds Incredibly Negative” – Marc Faber Predicts ... |
Marc Faber Sees Further Downside CNBC.com China's factory output weakened to a 9-month low today, and financials saw a huge sell-off today, with the FM traders; and The Gloom, Boom and Doom Report's Marc Faber, shares his economic outlook. There's plenty of room for the stock market to decline ... Marc Faber: More S&P downside, commodities 'horrible'…except gold |
Marc Faber says 'thanks' to Bernanke MarketWatch (blog) [An earlier version of this blog mistakenly attributed the comments to Marc Faber's blog. The original comments were made in an interview with Barron's on June 1. The comments were picked up Tuesday in a tracking blog that aggregates Faber's public ... |
Dr. Doom Marc Faber: Don't Bet on New Market Highs CNBC.com Faber said large cap stocks like McDonald's, Coca-Cola, Procter & Gamble and Wal-Mart "have most likely peaked." However, he thinks there are still stocks that show strength that could continue to appreciate "because all the money flows into fewer and ... |
Marc Faber Is Glad He Owned Stocks, Even As He Warned Everyone Of Stock ... Business Insider "People with assets are all doomed, because prices are grossly inflated globally for stocks, bonds, and collectibles," says the investment advisor in a new interview published in this week's Barron's. But Faber is the first to admit that at least the ... |
Marc Faber notes liquidity squeeze depressing stocks but still buying gold Gold Seek Famously contrarian in his approach, Dr. Faber is usually out of step with Wall Street but has an excellent reputation for calling the major market turns. He does not say he is shorting equities, though he notes emerging market equities and currencies ... |
Cheerful Thoughts from Marc Faber BullionVault SWISS-BORN Marc Faber, who at age 24 earned his PhD. in economics magna cum laude from the University of Zurich, has lived in Hong Kong nearly 40 years. He worked in New York, Zurich and Hong Kong for White Weld & Co., an investment bank ... |
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