A hub for independent voices and hard truths
A worldwide collapse of civilization could be triggered by what are called existential risks. Existential risks have been studied extensively by Swedish philosopher Nick Bostrom, who created the graphic above of qualitative existential risk categories. Bostrom now runs the Future of Humanity Institute at Oxford …
Thousands of jobs have already been eliminated by California’s law to raise the minimum wage to $20 for restaurant workers, which goes into effect April 1. For eight years, Michael Ojeda delivered food for a Pizza Hut in Ontario, California, using …
Something crazy is happening in the world of finance and investing right now. The ultra-rich billionaires and the powerful hedge fund managers who control billions upon billions of dollars are taking very unusual actions. They are dumping their stocks and …
Since the beginning of the year, investors have been nervous as the bank system faces collapse. After March, the U.S. banking system will take a dark turn, and rates will go up. If rates go high, small banks that are …
Global central bank assets vs. S&P 500 What gives? pic.twitter.com/Mt4JbZukHN — Otavio (Tavi) Costa (@TaviCosta) March 13, 2024 Never forget, this time it’s different Chart @IanRHarnett pic.twitter.com/2Y5PxlBbrT — Michael A. Arouet (@MichaelAArouet) March 12, 2024 Investors have ALWAYS priced in a …
by Michael We were warned that more banks would soon be getting into deep trouble. In fact, just yesterday I told my readers to circle March 11th because that is when a very important Federal Reserve program that has been propping up …
Russian President Vladimir Putin still casts the conflict as a proxy battle with the West that Moscow claims is propping up Kyiv. But Western governments have been at pains to maintain a plausible distance from the war, no matter their …
The hype around artificial intelligence may be normalizing, according to company earnings calls over the past two quarters. According to data compiled by Bloomberg and Apollo chief economist Torsten Sløk, the number of times that the words “AI,” “machine learning,” …
A south Chicago suburb is under the spotlight for possible corruption after its mayor was accused of lavishly spending money on luxuries while the Village of Dolton wallows in serious debt. Dolton Mayor Tiffany Henyard has come under scrutiny for …
Yellen: we don't have to get prices down because wages are going up — unusual_whales (@unusual_whales) February 8, 2024 Drewry’s World Container Index dropped by 1% to $3,786 per 40ft container this week (everyone seems focused on this) That said…if …
“Wow, Argentina’s Chamber of Deputies passed even more reforms by libertarian President Javier Milei. The upper house still needs to pass it. But maybe leftists & establishment politicians are feeling the pressure? Here’s some of what Milei has accomplished already:” …
via investmentresearchdynamics: I find it quite amusing that the market believes inflation is tied to rates – the propagandists at the Fed did their job there. Distract while creating bank reserves (print money) out of plain sight. The Monetary Base …
Collins: Does that include potentially moving to oust Speaker Johnson from his job? Roy: Again, that’s not the road I prefer… Collins: You said you don’t prefer it, but you did not say no. Collins: Does that include potentially moving …
The City of Chicago’s formidable snow-fighting fleet has mostly been in mothballs this winter, but that all changes on Monday night. Ventusky is showing temps of -50 F in some parts of USA next weekend. Heads up! thats way colder …
via mises.org: According to the latest monthly statement from the Treasury Department, the total budget deficit for the 2024 fiscal year (which began October 1) has already risen above $380 billion. The new total, which includes the months of October …
by Michael The Biden administration and the corporate media are telling us over and over that the economy is just fine, but the term “silent depression” has been going viral on TikTok. Housing, vehicles, food and just about everything else …
by Michael At this moment, the United States is conducting a massive social experiment. We have thrown our borders wide open and we are allowing vast hordes of extremely desperate illegal immigrants into this country every single day. We are …
by mrmrmrj Because 2009 was an “everything rally” so all the smaller companies in the index outperformed the large caps where everyone was hiding.
by Michael Why are so many children all over the world suddenly developing pneumonia? For the moment, health authorities are telling us that there is no reason to be alarmed. They are telling us that all of these cases of …
AI is coming for all knowledge jobs. It will take the place of thinking and turn humans into “arms and legs” with no brain needed and eliminate a huge number of jobs. This is the real doom. Many humans will …
by DAVID HAGGITH Photo by Sonder Quest on Unsplash David Rosenberg argues recession may already be here because Gross Domestic Income is already recessionary; but the only thing anyone is looking at, he says, is Gross Domestic Product. I’ve argued this point earlier …
Report: During Spring Banking Crisis, Banks Borrowed Over $1 Trillion from Federal Home Loan Banks — $100 Billion More than During the Crash of 2008 By Pam Martens and Russ Martens: November 8, 2023 ~ Yesterday, the regulator of the Federal …
Great, let the Fed cut rates. It's already doing QE in the form of the BTFP and cranking back up O/N repos. Gold, silver and mining stocks will do a moon-shothttps://t.co/HwFowOoggs https://t.co/DosPFhP7VR — Dave Kranzler (@InvResDynamics) November 15, 2023
via boredbat: The Fed keeps a close eye on several risks that could make its job of taming inflation even more difficult, such as red-hot consumer demand keeping some upward pressure on prices and the possible effects of geopolitical tensions …
by Michael If someone attacks your troops 46 times in less than a month, you are at war with them. But the Biden administration certainly does not want to admit that we are at war with Iran. We are heading …
https://www.youtube.com/watch?v=aRUEJcosvC8 Phase two of the housing bubble burst is officially here. A major reversal has started as sellers continue to slash prices amid rising mortgage rates. A wave of price cuts is about to change everything in the market, especially …
The 2008 financial crisis ushered in the era of central bank intervention. What began as emergency measures, meant to rescue the economy after the bursting of the housing bubble, has turned into a permanent policy. The Federal reserve slashed its …
by Chris Black This sh*t is pretty hardcore. I’m kinda surprised this is even allowed in California. I mean, women prostituting themselves in broad daylight, in front of kids…come on, man..… Continue reading by subscribing. Username Password Remember Me …
by Chris Black Don’t they receive like hundreds of billions from the US, where did all that money go to? The Israeli army is close to exhaustion after 18 days of war, according to the USThe operation in the Gaza …
