They cannot prop it up forever

China Told State Banks to Escalate Yuan Intervention Chinese authorities told state-owned banks to step up intervention in the currency market this week, in a push to prevent a surge in yuan volatility, according to people familiar with the matter. Senior officials are also considering the use of tools such …

READ MORE

It’s gonna blow…

https://t.co/7cDv5xM2b6 pic.twitter.com/XprRrZNTSD — Financelot (@FinanceLancelot) August 17, 2023 Country Garden collapse sparks contagion fears as China economy tanks China’s economy is tanking. Investors are running scared. Consumers are stashing their cash. And everybody’s afraid of what Chairman Xi Jinping’s next arbitrary reaction will be. Country Garden – the country’s last …

READ MORE

Racism in America Today: A Real or Manufactured Problem?

While nobody denies that racist people exist all over the world, including in the U.S., racism in America today is, to a very significant degree, a manufactured problem, crafted by woke Leftists in order to overthrow the American way of life. The Left claims there exists an intolerable, all-pervasive system …

READ MORE

The Great Gold & Silver Rush of the 21st Century

Discover the incredible saga of the 1970s’ most thrilling financial showdown in history! In this eye-opening video, we delve into the “Great Asset Race,” where gold, silver, stocks, and real estate competed for the ultimate prize. Key Takeaways: Gold’s Meteoric Rise: Witness how gold’s value soared from $34.75 to a …

READ MORE

PODESTA: “We’re experiencing an acceleration of extreme weather. The the science is clear. I think the public understands it.”

PODESTA: "We're experiencing an acceleration of extreme weather. This is a combination of both climate change and a strong El Nino… But the science is clear. I think the public understands it." The science is clear?? pic.twitter.com/I4gz3ZfTGm — Daily Caller (@DailyCaller) August 16, 2023 Tony Podesta John Podesta's brother | …

READ MORE

Oliver Anthony Worldwide

by Martin Armstrong COMMENT: Not only has Oliver Anthony’s songs gone viral here (NA) but also in China. Messages indicate that any kind of attempt to reference/share to his songs is now banned across WeChat. Apparently, there is a cleverly-worded Mandarin “rap version” circulating. So the emotions appear to be universal …

READ MORE

Here’s the video. ‘Don’t blame me, I’m human.’

JUST IN: Fulton County clerk Ché Alexander who leaked the charges against Donald Trump before the grand jury voted to indict claims she accidentally clicked 'send' instead of 'save.' That still doesn't explain how they knew exactly what the charges would be… "I have no dog in… pic.twitter.com/LU4PuPpnOj — Collin …

READ MORE

Biden: OMG inflation is soooooo low

Citizen Free Press – X, Released on 8/15/23 Part 1 (part 2 below) Biden can't be serious: "Our inflation rate has dropped to the lowest among major economy economic nations in the world. And if we keep it up, it's gonna go lower according to money!" pic.twitter.com/t9S0y1Ky6H — Citizen Free …

READ MORE

YouTube’s new policy is that it will censor you if you disagree with World Health Organization

YouTube's new policy is that it will censor you if you disagree with World Health Organization. YouTube recognizes that WHO's "guidance" might change. But if it does, it won't be because of debate on YouTube. YouTube isn't a social media platform, it's a propaganda platform. https://t.co/4YMCWxbII9 — Michael Shellenberger (@shellenberger) …

READ MORE

New Fires in N. California Near Previous Disaster

The Six Rivers National Forest has received approximately 150 lightning strikes across the forest since Tuesday evening, resulting in multiple fires across the forest. Just south of the Oregon border, the Diamond, Holiday, Kelly, and Prescott Fires along with other smaller fires in the area have all been grouped together …

READ MORE

Minutes of the Federal Open Market Committee, July 25-26, 2023: “Various participants commented on risks that could affect some banks, including unrealized losses on assets resulting from rising interest rates, significant reliance on uninsured deposits, and increased funding costs.”

by Dismal-Jellyfish Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230726.htm Developments in Financial Markets and Open Market Operations: The manager turned first to a review of developments in financial markets over the intermeeting period. Market participants interpreted data releases as generally demonstrating economic resilience and a further easing of inflation pressures. The market-implied peak for the federal …

READ MORE

Apple’s new iPhone 15 sees start of production in India

Foxconn Technology (OTCPK:FXCOF) is starting production of Apple’s (NASDAQ:AAPL) new iPhone 15 at a facility in the Indian state of Tamil Nadu, and aims to deliver the phones only weeks after they begin shipping from factories in China, Bloomberg News reported citing people with knowledge of the matter. The tech …

READ MORE

10YR yield high of day 4.274%… After the Fed minutes were released today, rate expectations increased…$QQQ seems terribly mispriced…Market looking super weak, every bounce getting sold

⚠️10YR yield high of day 4.274% New 20 year high pic.twitter.com/H0k7d5a0QG — Don Johnson (@DonMiami3) August 16, 2023 The $tip etf is at the October lows. $qqq seems terribly mispriced, and that gap needs to close. pic.twitter.com/egSgaaxTsS — Michael J. Kramer (@MichaelMOTTCM) August 16, 2023 Wen financial Armageddon pic.twitter.com/iSYwaXCF0U — …

READ MORE