The U.S. is Now an Emerging Market

By Graham Summers, MBA As I’ve noted in our last two articles, the $USD has begun a significant decline against most major currencies (the Euro, the Pound and the Franc). And the only reason it is showing relative strength against the Yen is because Japan’s central bank continues to ease monetary conditions. What’s happening here? …

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Companies generating unsolicited internet ads are getting scammed by AI.

MODERN PROBLEMS: Junk websites filled with AI-generated text are pulling in money from programmatic ads. Over 140 major brands are paying for ads that end up on unreliable AI-written sites, likely without their knowledge. Ninety percent of the ads from major brands found on these AI-generated news sites were served by Google, though the company’s own …

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ECB boss Christine Lagarde claims: Inflation is due to climate change! The head of the Bank of International Settlements provided a counter-opinion

ECB boss Christine Lagarde claims: Inflation is due to climate change! 🤡 It is never their own policies or printings trillions of Euros or $$$ or ZIRP. It’s climate change and you need to pay more taxes to fix it. ECB boss Christine Lagarde claims: Inflation is due to climate change! 🤡 It is never …

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Yes, The U.S. Economy Continues To Move In The Wrong Direction…

by Michael Despite so much evidence to the contrary, the Biden administration continues to insist that the U.S. economy is on the right track.  But is that really true?  Thanks to the Federal Reserve, interest rates are now much higher and the money supply has been contracting at the fastest pace since the Great Depression.  …

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The Feds have approved congestion pricing in New York City! To enter Manhattan, cars must pay $34, vans $65 and large trucks $82.

via newsday The Metropolitan Transportation Authority has received final federal approval for its congestion pricing plan that would charge tolls to motorists driving below 60th Street in Manhattan. The Federal Highway Administration confirmed on Monday that, after an analysis of the plan and a review of public comments, it had determined the plan would cause …

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Investors going all in. Funds going for crypto again.

Investors going all in. Funds going for crypto again. Our BTC models are ready, will de delivered to community shortly. They will help risk manage better 👉 https://t.co/zQml4Uf1Vf pic.twitter.com/yc14f2wmzF — Menthor Q (@MenthorQpro) June 26, 2023 Microsoft, Apple, and top five companies accounted for 50% of NASDAQ 100 weight. Microsoft and Apple, together with next …

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The FDIC “mistakenly” releases document showing U.S. gov spent $12 billion bailing out 10 wealthy depositors

The FDIC “mistakenly” releases complete version of a document showing U.S. government spent $12,700,000,000 to bail out 10 wealthy depositors amid banking crisis in March. “10 depositors had $13.3B in SVB, that’s why the FDIC bailed them out. (Spoiler alert: They were Chinese accounts) This wasn’t about systemic risk, it was about bailing out the billionaires …

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What happened to the “indecent exposure “ laws?

https://twitter.com/_/status/1673100845712543744 https://twitter.com/_/status/1673108397355352068 https://twitter.com/_/status/1673131046215229448   Every state has laws prohibiting people from committing indecent exposure or public lewdness. In general, if a person exposes their genitals or other private parts for sexual gratification or with the knowledge that others will be offended, they will be guilty of a crime. In many states, the penalties for indecent …

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A banker telling the truth? What century are we living in?

  via telegraph.co.uk Massive taxpayer handouts and a money-printing spree helped stoke inflation in Britain and around the world, with years of interest rate pain now needed to get the crisis under control according to a top central banker…. If central banks were serious about fighting inflation, they would stop buying their own debt with …

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Fed Inferno! US M2 Money-Supply Growth Falls To Depression-Era Levels For Second Month In April (As M2 Money Velocity Remains Near Historic Lows)

by confoundedinterest17 It is truly a Fed Inferno! Money supply growth fell again in April from Jerome Powell And The Fed, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years.  April’s drop continues a steep downward trend from the unprecedented highs experienced during much of the past …

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Government reports low inflation to justify high asset prices and politicians’ spending.

I love this ratio (old definition/new definition), specially the rate at which it has been increasing since 2021…👇 https://t.co/pXs2htkAra — Alvaro (@Alvaro128929138) June 25, 2023 Can you spot a difference between the two boxes? Identical in size and price of $7.49. One was bought two weeks ago, and the other today 🚨🚨🚨 by u/BoatSurfer600 in …

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Following Jackson Hole last year and bank failures in February, the Fed hooked bulls for the third time in a year.

This is the THIRD time bulls got rope-a-doped by the Fed in the past year. It happened last summer, and then Powell monkey hammered bulls at Jackson Hole. It happened again in February this year. Leading to mass bank failure. And now. You guys don't learn too good. pic.twitter.com/jE9uJfvCMT — Mac10 (@SuburbanDrone) June 25, 2023 …

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Translation: Middle Class is being wiped out by Fed policy and politicians drunk on power

by BoatSurfer600 via morningstaronline.co.uk: THE TUC called for more money in the pockets of working families today after it emerged that Britain’s poorest are paying up to £5,600 more a year due to the cost-of-living crisis. Large families on low incomes have been hit the hardest by the rising costs, a Save the Children study …

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Vivek Ramaswamy: ‘This is a social contagion of a mental health epidemic.’

5% of American adults under 30 “identify” as trans. 5 years ago, 0.6% of 18-29 year olds said they were trans. That’s not “visibility.” This is a social contagion of a mental health epidemic. pic.twitter.com/SOFpQSDrpC — Vivek Ramaswamy (@VivekGRamaswamy) June 25, 2023 https://t.co/rfUrpKvu5n — 🌋🌋 Deep₿lueCrypto 🌋🌋 (@DeepBlueCrypto) June 25, 2023 https://twitter.com/IamJimCaviezel/status/1673018678512857088 https://twitter.com/VSoien/status/1673220670040207363

“This is not an experiment. It is real money equivalent to bank reserves, testing real transactions with market participants,” Chairman T. Jordan

🚨Breaking: Swiss National Bank issues CBDC on Switzerland's exchange🚨 "This is not an experiment. It is real money equivalent to bank reserves, testing real transactions with market participants," Chairman T. Jordan The pilot project is intended to be for a "limited time"😉😏 https://t.co/YnlzAWEzfU — Financelot (@FinanceLancelot) June 26, 2023 SNB to launch a wholesale CBDC …

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Canada Housing Crash: Mortgage Payments To Go Up By 40%

Canadian Housing Crash? Mortgage Payments To Go Up By 40% as most mortgages adjust automatically with higher rates.🚨🚨🚨 Most countries don’t have 30 year fixed rate mortgages like the USA. Most countries have 5 years before rate adjusts. 🔊 pic.twitter.com/gPFKT4sezS — Wall Street Mav (@WallStreetMav) June 26, 2023 via theglobeandmail The Bank of Canada estimates …

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First gas stoves, now wood-fired ovens…

NYC to Crack Down on Wood-Fired Pizza Joints to Reduce Carbon Emissions by Up to 75% New York City will be cracking down on wood-fired pizza joints to reduce carbon emissions by up to 75%. “All New Yorkers deserve to breathe healthy air and wood and coal-fired stoves are among the largest contributors of harmful …

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EU – Draft legislation will allow security agencies to spy on journalists through Spyware on phones, if a national government thinks it necessary

https://twitter.com/BernieSpofforth/status/1672916935376351233?ref_src=twsrc%5Etfw TWITTER – Backed into a corner now at a meeting with the EU commissioner and new CEO Linda Yaccarino. Censorship by August 25th … or else be in violation of the EU’s rules to rein in big tech. (Translated as shut up dissidents) We are the dissidents https://twitter.com/BernieSpofforth/status/1672653608267988994 BBC – censors opposition of the …

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Living La Vida Biden! Fed Emergency Bank Bailout Facility Usage Hits New Record High (Regional Banks Still Suffering From Deposit Outflow) Bitcoin Above $30k, Gold/Silver Rise

by confoundedinterest17 The US is Living La Vida Biden (living the Biden life!) Which means you are making millions if you are a political elite, but suffering if you live on Main Street. And regional banks (not the TBTF national banks) continue to suffer. The Bank Term Funding Program (1 of 2) is skyrocketing as The …

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750 passenger boat capsizes, hundreds missing

Greece is under growing pressure to launch an independent investigation into the June 13 sinking of a vessel that was carrying up to 750 migrants, amid accusations from survivors that the actions of the Greek coast guard came too late and may have contributed to the shipwreck. Greek authorities strongly deny the claim. In one …

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Chicago Mayor’s Controversial $25 Million Plan To Cover Rent For Undocumented Immigrants

Chicago’s new far-left mayor is eyeing a $25 million plan that would cover rent for illegal immigrants, according to the Washington Free Beacon. Oh, you live in Chicago and can barely afford your own rent? Too bad! You will now be paying rental assistance for people who are illegally living in America. https://dailycaller.com/2023/06/22/reaction-chicago-mayor-rent-plan/ https://youtu.be/87rzBtmZzko  

15 Big Restaurant Chains That Filed For Bankruptcy – Over 160,000 restaurants have closed in the past three years due to economic conditions, with even biggest fast food chains facing bankruptcy

Our favorite restaurants are vanishing from sight as worsening economic conditions continue to squeeze U.S. businesses. With shoppers eating out less and tightening their budgets, even big names in the industry are seeing their operations rot from within. Over the past three years, over 160,000 restaurants have been permanently closed around the country, and unfortunately, …

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Stagflation Warning Signs Getting Worse

The economic conditions that defined the 1970s are making a comeback, and that’s bad enough… Photo by Annie Spratt From Peter Reagan at Birch Gold Group Recessionary times are bad enough on their own. But an inflationary economy that isn’t growing, has a rising unemployment rate, and out-of-control spending can be even worse. In economic terms, that’s known as stagflation. From our …

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The share of nonfinancial firms in financial distress has reached a level that is higher than during most previous tightening episodes since the 1970s

by Dismal-Jellyfish Source: https://www.federalreserve.gov/econres/notes/feds-notes/distressed-firms-and-the-large-effects-of-monetary-policy-tightenings-20230623.html TLDRS: Since March 2022, U.S. monetary policy has become tighter. More businesses are financially distressed now than in previous instances of tightening since the ’70s. Studies suggest that these conditions could lead to significant declines in investment and jobs in the near future. The theory is that when monetary policy gets tougher, …

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The entire press pool started asking tough questions today for the first time in 3 years.

Finally some real heat. The media may be showing signs of being done with the puppet and chief and turn towards the plastic surgery model in California once he announces — Shawn Waugh, MS, MPAS, PA-C (@RealOnTheLevel) June 23, 2023 Seems like TPTB have officially cut off support to Biden as the press pool didn’t …

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