Independent thinking for complex markets and current events
via nypost: A SpaceX-backed maker of flying cars that carry a price tag of $300,000 said it has a pre-order backlog of 2,850 units – with the first prototypes scheduled to be in the air as early as next year. Alef Aeronautics, a Silicon Valley-based startup, said that the pre-orders for its Model A total …
It’s much easier sitting in your air-conditioned station searching for “bad speech” online than risking your life investing criminals in a crime neighborhood. This is where your tax money goes. h/t @thelasttellurian
by Chris Black Bretton Woods II was built on “inside money” (U.S. dollars) dominating “outside money” (hard money, gold, uranium, oil, etc.). Seizing Russia’s FX reserve balances in February 2022 marked the beginning of the end of Bretton Woods II. The internationally illegal precedent of Victoria Nuland and Samantha Power’s confiscation of said FX reserves …
by confoundedinterest17 Another day, another dose of bad fiscal/monetary news. Not surprising with the US Treasury being run by Janet Yellen, who doesn’t seem to know much economics. In fact, with Biden/Congress spending like drunken sailors in port, inflation and The Fed’s counterattack, we see that interest of US debt just hit $1 TRILLION! $1.027 trillion in interest …
New inflation numbers are running hot, at 5% on an annual basis. That means prices are up 17% since Joe Biden was installed, making the average American family $7,300 poorer. And analysts are predicting high inflation for years to come. Toss in Biden's green agenda and… https://t.co/qXMifIUTYb — FXHedge (@Fxhedgers) October 20, 2023 $XAU Gold …