Bloomberg: The current chairman and CEO of BlackRock has a technocratic power to influence government decisions, unlike other financiers.

“The BlackRock Inc. co-founder, chairman, and chief executive officer has become one of the industry’s most important government whisperers. In contrast to other influential financiers who’ve built on ties to President Trump, Fink possesses a power that’s more technocratic. BlackRock, …

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This weeks changing definition of recession: ‘Full-Employment Recession’

by Dismal-Jellyfish Source: https://www.wsj.com/articles/get-ready-for-the-full-employment-recession-bc9937a5 Federal Reserve Alert! Get ready for a new ‘recession’ definition! From today’s Fed beige book – May 31, 2023: “Demand for transportation services was down, especially in trucking, where contacts reported there was a “freight recession.”” ​ …

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Biden Backed BlackRock’s Push for the ESG

Authored by Martin Armstrong of armstrongeconomics (images directly from BlackRock’s website – click on them to enlarge) The first bill that President Joe Biden vetoed was a bill intended to dissolve the ESG climate social credit score. The bill passed …

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Lockdowns had same effect on memory as jail time.

Dutch Survey Data Shows Significant Increase In Memory And Concentration Problems Among Adults Since Start Of Covid-19 Pandemic. “The possible causes of the increase in memory and concentration problems are unclear. A plausible explanation is that the isolation brought about by …

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Credit Card Debt on the Rise

Authored by Martin Armstrong of armstrongeconomics Credit card debt in the US spiked to its highest quarterly level in Q4 2022 after increasing by $85.8 billion. The average American household has about $10,000 in credit card debt, marking an 8.9% YoY …

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Student loan debtors cry for mama…

Richelle Brooks’ budget is already tight. She doesn’t know what she’s going to do when federal student loan payments resume in the fall. The single mother of two has seen all her expenses rise over the last few years amid …

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Zelensky Admits Fear of Trump 2024

Ukrainian President Volodymyr Zelensky admitted that he is afraid of a possible return of Donald Trump to the White House in 2024, before begging for more American-made Patriot missile systems. In an interview with the Wall Street Journal, President Volodymyr …

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