IRS recoups only $4.7B with $80B boost from Inflation Reduction Act and now faces $20B GOP cuts.

TLDR: IRS recouped $4.7B from unpaid taxes and criminal proceeds after Inflation Reduction Act boost. $1.3B from overdue taxes by wealthy individuals. $2.9B from criminal cases targeting drug traffickers, cybercriminals, and terrorist financiers. $475M from whistleblower tips on hidden income and tax fraud. $292M from 28,000 high earners who hadn’t filed since 2017. IRS-Criminal Investigation …

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Peter Schiff: Inflation pressures gold, but Fed cuts and QE will drive it higher. Tavi Costa: Agricultural commodities surged; inflation battle continues.

Today's hotter-than-expected #inflation data, following similar news yesterday, is putting more downward pressure on #gold. But gold will soar when investors realize the Fed will keep cutting rates despite inflation, and return to QE, sending both inflation and gold much higher. — Peter Schiff (@PeterSchiff) December 13, 2024 Agricultural commodities have surged nearly 30% year-over-year, …

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Trump pushes to eliminate Daylight Saving Time, calling it inconvenient and costly.

CNN — President-elect Donald Trump said Friday the Republican Party would try to eliminate Daylight Saving Time, calling it “inconvenient” and “costly.” “The Republican Party will use its best efforts to eliminate Daylight Saving Time, which has a small but strong constituency, but shouldn’t! Daylight Saving Time is inconvenient, and very costly to our Nation,” …

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2024 mirrors 2021: Hindenburg Omen triggers, followed by two corrections and possible bear market. In Dec 2007, the Fed cut rates despite inflation concerns. History repeats.

In 2021 there were three spikes in Nasdaq Hindenburg Omens. The first two were followed by corrections -10%. The third one in November 2021 was followed by bear market. We see the same pattern in 2024. Two corrections (April, July) and a third spike in November: A Hindenburg… pic.twitter.com/VSngerA3Hl — Mac10 (@SuburbanDrone) December 13, 2024 …

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Mayor Adams, NYPD brass visited underground homeless wasteland inside NYC subways — and what they found is surprising: ‘This is inhumane’.

Mayor Eric Adams and NYPD brass got a firsthand look at the desolate homeless wasteland inside the Big Apple subway system in an eye-opening overnight tour of the city’s transit vagrant crisis. With The Post tagging along, the mayor and Police Commissioner Jessica Tisch joined a crew from a city multi-agency outreach effort at the …

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China’s banking system is collapsing all at once, and Swiss fears of outright deflation are mounting.

Here comes Chinese central bank bond buying, but this is no QE. A report surfaced in China Daily strongly implying the Chinese government is beyond just exploring something called money-financed fiscal expansion. We’ll go over what that is, how it is different from QE, and what the real takeaway is. I see that China Stimulus …

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Groundbreaking research suggests organ transplant patients are inheriting donors’ MEMORIES and personalities

People receiving organ transplants have reported strange changes in their emotions, tastes, and memories. This phenomenon is most common in heart recipients, but those who received kidneys, lungs, and even faces have also noticed changes to their food preferences, music choices, and even sexual orientation. For some patients, their new hobbies and preferences mirror those …

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What four years of democratic control of government and media has brought us to

I've wondered how far this goes. If Medicare/Medicaid denies a therapy is it justified to murder the head of CMS? Do these people think drugs/surgeries/therapies don't ever get denied under single payer? — Sean T at RCP (@SeanTrende) December 12, 2024 Rachel Maddow’s MSNBC Ratings Spiral Down 43% Following Trump’s Election Victory | James Meyers, …

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AND SO IT BEGINS…Moscow Threatens Retaliation After Ukraine Strikes Russia With 6 US-Made ATACMS Missiles

Moscow has announced a very serious escalation out of Ukraine on Wednesday, with defense ministry officials saying that six US-made ATACMS ballistic missiles were launched against a Russian airfield inside the country’s sovereign territory. Taganrog is a Black Sea port city in southwestern Russia, and was targeted in the heavy attack. The military claimed that all six were …

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A small plane makes a emergency landing and crashing into multiple cars on a busy interstate in Victoria, Texas

🚨#BREAKING: A small plane makes a emergency landing and crashing into multiple cars on a busy interstate ⁰📌#Victoria | #Texas Emergency crews are on the scene in Victoria, Texas, after a small plane crashed into three vehicles at a busy intersection. Video footage shows… pic.twitter.com/wA1pR49yhb — R A W S A L E R T …

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Scams evolve: Penny stocks to crypto, housing, AI; Algos echo July’s momentum loop; only large stocks peak, crash imminent. Todays bubble compared with 1999 and 2008

Everything feels so high. SPX with 120 month moving average. Dec 2024: SPX 6000, 120MMA 3400. Its funny how the same bullshit scams repeat, but just in VERY slight variation. Penny stocks – CryptoHousing shortage – Housing shortageDotcom – AI My dad started day trading in the late 1990s and lost his entire six figure …

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The Secret Connection Between Bitcoin and Gold Prices

Bitcoin’s record ascent beyond $100k captured headlines worldwide. But what does this so-called digital gold have to do with the real thing? If you take a closer look, it’s plain to see that the forces driving the crypto market higher are very similar to those driving the gold market… By Peter Reagan Your News to …

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Job market imploding?! The Fed is going to cut rates again next week while food price inflation rises and stock valuations remain at extreme levels. Gold is about to start making headlines again!

#recession … #StockMarket Bubble edition https://t.co/p7cgcLzyrT pic.twitter.com/So5TXB58ic — Invariant Perspective (@InvariantPersp1) December 11, 2024 Big cap Tech performance last 8 trading days $GOOGL 14%$AAPL 5.5% $MSFT 6% $META 10% $TSLA 18% $NFLX 6% — TT3 (@TradingThomas3) December 11, 2024 Bitcoin rippingGold rippingMost stocks ripping. Why? Because the Fed is a farce and not restrictive and …

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Green Energy Failure: UK Spends Over £1 Billion This Year to Turn Off Wind Farms and Start up Gas Plants

UK Wind Energy Costs: The UK has spent over £1 billion this year to turn off wind farms and start gas plants, highlighting the financial burden of renewable energy integration. Grid Infrastructure Mismatch: Despite a 50% increase in offshore wind capacity in the past five years, grid infrastructure has not kept pace, leading to grid …

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MicroStrategy exploits Bitcoin optimism to drive volatility, risking shareholders’ and bondholders’ wealth.

MSTR’s issuance relies on NAV premium and implied volatility, which would flatten without them. TLDR: MSTR sells shares at 2.3x NAV, making the sale accretive by buying BTC at a premium. Convertible bonds sold with 65% delta offer 1.5 BTC of buying power from the delta. Convertibles priced at 100 implied volatility, 13% premium over …

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History repeats: From subprime mortgages to dot-coms, now an everything bubble. A WallStreetBets trader with $1M+ in losses seeks a partner with $1M+ in gains to offset and share savings.

Commercial real estate bubble is popping as we speak. — YW770 (@yosefwolf770) December 11, 2024 1. Stocks: all-time highs2. Home Prices: all-time highs3. Bitcoin: all-time highs4. National Debt: all-time highs5. Core CPI Inflation: >3% for 42 straight months, longest run of high inflation since early 1990s6. Fed: cutting rates again next weekhttps://t.co/R87GogKWA4 pic.twitter.com/iAFkBqmsid — Charlie …

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Only 21 million bitcoins will exist, with 19.8 million already mined. Bitcoin’s marketing strategy relies on convincing value, creating division, and centralizing control.

There will only be 21 million bitcoins to ever exist. 19.8 million bitcoins have been mined. Controlled by math. — CZ 🔶 BNB (@cz_binance) December 10, 2024 You think this chart is bad? That 1% own 27% of all the assets. If this chart were BTC, 2% would own 92% of all the BTC. "money …

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Fed injects $100 million into banking system as liquidity crisis worsens. If unemployment rises in Q1, we face dotcom-style valuations and real estate risks.

Fed injected 100million into the banking system this morning. Its probably nothin. pic.twitter.com/HzOJdkbUZW — The Great Martis (@great_martis) December 10, 2024 They injected 2.3billion back few weeks ago. Ongoing liquidity crisis that will get extremely worse. — The Great Martis (@great_martis) December 10, 2024 The blood indicator is VERY close to cross its 100-week MA. …

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Global AI Surveillance System Using 5G (Targeted Individuals and Wireless Neural Interfaces)

This will be the new internet where all brains are nodes on the network. Coming soon to an atmosphere near you. TLDR: AI-driven 5G, non-terrestrial networks (NTN), and neuromodulation technologies create neural interface grid. AI-RAN systems optimize signal precision with Massive MIMO and beamforming. NTNs expand networks worldwide using satellite and aerial platforms. Metallic nanoparticles …

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Bloomberg US Pure Momentum Portfolio plunged today, marking a stunning and sudden momentum collapse. The AI software & crypto stock momentum is wearing off.

The Bloomberg US Pure Momentum Portfolio is a financial index designed to track the performance of stocks that exhibit strong momentum characteristics. Momentum investing involves selecting securities that have performed well in the recent past, under the assumption that they will continue to perform well in the near future. This portfolio includes stocks from the …

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