Is The Nationwide Coin Shortage Being Used To Push Us Toward A Cashless Society?

Is The Nationwide Coin Shortage Being Used To Push Us Toward A Cashless Society? Tyler Durden Wed, 07/01/2020 – 12:30 Authored by Michael Snyder via TheMostImportantNews.com, The coin shortage in the United States is becoming quite severe, and a lot of people are deeply concerned about where this might be leading us.  But if you don’t run a business or deal with coins on a regular basis, you may not even know that it is happening.  On Monday, my wife told me that a lot of people on Facebook were talking about this nationwide coin shortage, and then on Tuesday[…]

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“Stability, Security & Prosperity”: Exit Poll Shows Landslide ‘Yes’ Vote Paving Way For Putin’s Rule To 2036

“Stability, Security & Prosperity”: Exit Poll Shows Landslide ‘Yes’ Vote Paving Way For Putin’s Rule To 2036 Tyler Durden Wed, 07/01/2020 – 12:11 67-year old Russian President Vladimir Putin will have already been in power for over two decades when his current term runs out in 2024, but now as Russia is in the midst of a crucial vote on a significantly revised constitution, his rule theoretically could extend further all the way up to 2036, or a whopping 12 more years. Bloomberg reports after voting began last week, despite raging coronavirus fears, that the latest exit poll by state-run Vtsiom puts support for[…]

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The Sword Of Damocles

The Sword Of Damocles Tyler Durden Wed, 07/01/2020 – 11:50 Submitted by Michael Every of Rabobank The Sword of Damocles “It’s not the substantive crimes and their definitions that count; it’s the institutions that will investigate, prosecute, and judge them that count. Language matters only if there are institutions that will make it matter. This whole law is about avoiding the involvement of such institutions.” This is the summary of an analysis of Hong Kong’s new national security law by professor of Chinese law Donald Clarke. China openly states the new legislation is “a Sword of Damocles” hanging over the[…]

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Stocks Slump On Arizona COVID Case Record

Stocks Slump On Arizona COVID Case Record Tyler Durden Wed, 07/01/2020 – 11:33 …vaccine, what vaccine? Headlines from Arizona showing the state just saw its biggest daily increase in COVID-19 cases (with no one paying attention to death counts or mortality rates), sparked an acceleration to the downside for the markets in general. Big Caps (Dow) and Small Caps (Russell 2000) are back in the red… Nasdaq had been soaring from the cash open (but reversed on AZ headlines) whereas the rest of the markets were being sold from the open, with Small Caps worst. Powered by WPeMatico Please follow[…]

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Tesla Surpasses Toyota, Becomes World’s Most Valuable Automaker

Tesla Surpasses Toyota, Becomes World’s Most Valuable Automaker Tyler Durden Wed, 07/01/2020 – 09:52 It seems just earlier this week that Tesla surpassed $1,000 per share, which it did… on Monday. Fast forward 48 hours when the stock which has now become a poster child for everything that is berserk in our banana markets has sprinted from $1,000 to $1,117 this morning on absolutely no news just more daytrading momentum, its market cap rising by $20 billion in two days… … its market cap now surpassing $203 billion – making it not only more valuable than oil E&P giant Exxon,[…]

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Goldman: Over 40% Of The US Has Reversed Or Placed Reopenings On Hold

Goldman: Over 40% Of The US Has Reversed Or Placed Reopenings On Hold Tyler Durden Wed, 07/01/2020 – 09:35 In its latest state-level coronavirus tracker, Goldman calculates that 40% of the US has now reversed or placed reopening on hold. As the bank recaps, Arizona has now joined Florida, Texas and California in beginning to reverse reopening policy, bringing the share of the population in states where policy is becoming more restrictive up to 30% over just the past five days. Governors of several smaller states have announced their reopenings are on hold, and yesterday the governors of New York,[…]

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Australia Places 300k Under Lockdown As Global Cases Near 10.5 Million: Live Updates

Australia Places 300k Under Lockdown As Global Cases Near 10.5 Million: Live Updates Tyler Durden Wed, 07/01/2020 – 09:20 Summary: Goldman says 40% of US has rolled back economic reopening or put them on hold Oxford scientist warns vaccine by end of year far from guaranteed Pfizer vaccine headline sends futures higher US reported 48k+ new cases yesterday Australia locks down 300k in Victoria Brazil imposes travel ban as deaths near 60k Tokyo reports most cases since state of emergency lifted German infection rate below R for 7th day * * * Update (0955ET): Cementing a pattern that we’ve seen[…]

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Futures Point to a Risk-Off Session

S&P futures are trading moderately lower after the European session saw some selling after yesterday’s rally. The weakness has less to do with virus fears and more with the Hong Kong situation. The new National Security Law that China has imposed on the city is leading to unrest. Additionally, we saw a reaction from the U.K. criticizing China, saying that the law is a “clear violation” of the autonomy of Hong Kong. The world is very upset at China at the moment. If there is joint economic action against the country, it could harm global trade. For that reason, the[…]

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First Arrests Made Under New Hong Kong “National Security” Law As Thousands Flood The Streets In Protest

First Arrests Made Under New Hong Kong “National Security” Law As Thousands Flood The Streets In Protest Tyler Durden Wed, 07/01/2020 – 06:50 At least two people were arrested Wednesday as Hong Kong protesters, undaunted by the new penalties they might face, clashed with police, with some proudly carrying the flag of Hong Kong independence despite the tremendous personal risks: Under the new security law, brandishing pro-independence material could lead to arrest and prosecution with stiff prison sentences. One day after President Xi signed the new National Security law, officially overriding part of the Hong Kong Basic Law via a[…]

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Pilot Dies After Fiery F-16 Crash At South Carolina As Another Training Mission Goes Horribly Wrong

Pilot Dies After Fiery F-16 Crash At South Carolina As Another Training Mission Goes Horribly Wrong Tyler Durden Wed, 07/01/2020 – 06:11 A routine training mission went horribly wrong late Tuesday after a General Dynamics F-16 Fighting Falcon crashed at Shaw Air Force Base in South Carolina. Shaw Air Force Base officials announced early Wednesday morning that the pilot had died during the accident. Base officials say an Air Force F-16CM Fighting Falcon assigned to the 20th Fighter Wing crashed around 2330ET while on a “routine training mission.” The crash is under investigation, and there was no official word on the cause.  Emergency crews[…]

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