Wealthy Elites Fleeing NYC and Other Big Cities at an ‘Insane’ Pace

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Fleeing California

Re-Blogged From Prager University

Why are millions of people leaving California and moving to other states? What do those states have that California doesn’t? PragerU’s first mini documentary explores the root causes of this mass exodus from the Golden State. “Fleeing California,” featuring PragerU’s own Will Witt, sheds light on one of the most significant but underreported stories of our time.

Please view the VIDEO.

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Republicans Flee Unhinged California En Masse, Seeking ‘Redder Pastures’

‘We’re getting with people who believe in the same political agenda that we do: America first, Americans first, law and order…’

Republicans Leaving California En Masse In Search of 'Redder Pastures'

California state line into Arizona / IMAGE: Roslars via Youtube

(Claire Russel, Liberty Headlines) While much of the focus on California‘s mass exodus has been on left-wingers in Silicon Valley fleeing to tax-friendly areas like Lake Tahoe, Republicans are also leaving the unhinged blue state en masse, according to the Los Angeles Times. Continue reading

80 Percent of Venezuelans Short of Food

By Ben Kew – Re-Blogged From Breitbart

Around 80 percent of Venezuelans are now short of food, according to the new data compiled by NGO Human Rights Watch on Tuesday.

Following a trip to the Venezuelan border with Brazil by a team of health experts from John Hopkins University, researchers found that malnutrition continues to rise aggressively, with 80 percent of households unable to access enough food and rates of malnutrition among five years now over the World Health Organization’s crisis limit. In 2017, the average person lost around 11 kilos (24 pounds). In 2016, that number was 19 pounds; it is expected to have risen in 2018.

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Puerto Rico Faces Not Just Debt, But Depopulation

By Megan McArdle – Re-Blogged From Newsmax

“They owe a lot of money to your friends on Wall Street,” Donald Trump told Geraldo Rivera. “We’re going to have to wipe that out. That’s going to have to be — you know, you can say goodbye to that. I don’t know if it’s Goldman Sachs but whoever it is, you can wave goodbye to that.”

Bond markets didn’t appreciate the verbal wave. The territory’s bonds, already weak from the pounding of Hurricane Maria, fell another 31 percent. White House budget director Mick Mulvaney hastened to say the president didn’t mean what he said. “I wouldn’t take it word for word with that,” he said demurely. Nor should you; as debt expert Cate Long told CNN Money, “Trump does not have the ability to wave a magic wand and wipe out the debt.”

Image: Puerto Rico Faces Not Just Debt, But Depopulation

Italy’s Bank Rescue Foreshadows Nationalization Of More EU Banks

By John Browne – Re-Blogged From http://www.Silver-Phoenix500.com

On December 7, 2016, Italy’s Prime Minister Matteo Renzi resigned following defeat in a national referendum, that he had supported, that would have changed the country’s parliamentary system. The development, which represents just the latest sign of anti-EU sentiment spreading throughout Europe, was felt acutely by Italy’s troubled banking sector. In particular, the Banca Monte dei Paschi di Siena (MdP) has been teetering on the brink of collapse and now may stand as a case study that may be encountered by other EU member nations.

The advent of the euro currency allowed Eurozone member countries, even those with poor financial health like Italy, to borrow at far lower ‘Germanic’ interest rates than their respective national credit ratings would have allowed. In turn, national borrowers were able to tap into the vast sums of liquidity created under central bank quantitative easing (QE) programs at astonishingly low, and sometimes negative, interest rates. Predictably this has led to a massive misallocation of capital, and billions in potentially non-performing loans.

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