Independent thinking for complex markets and current events
A solar company that was awarded a $3 billion Department of Energy loan has been accused of scamming dementia patients on their deathbeds into signing five-figure, multi-decade solar panel leases, according to interviews and state consumer complaint records obtained by the Washington Free Beacon. Terry Blythe, a Texas resident, told the Washington Free Beacon that her father …
by confoundedinterest17 Biden’s terrible economic policies and horrid fiscal managment has put stress on The Federal Reserve. The Federal Reserve paid an estimated $76 billion to the Treasury in 2022 while banks’ willingness to lend has plummeted. First, let’s look at Biden’s and The Fed’s Brawndo. One of the key ways central banks absorb liquidity back out of …
via breitbart: Out today, Controligarchs: Exposing the Billionaire Class, Their Secret Deals, and the Globalist Plot to Dominate Your Life, blows the lid off of Meta’s pattern of intentionally using harmful and aggressive tactics to get users addicted to social media apps like Facebook and Instagram and documents a shocking rise in depression and suicide that …
Nancy Pelosi’s remarks on Congress insider trading shed light on the substantial wealth amassed by some members of Congress. The collective net worth of the 50 wealthiest individuals in Congress stands at a staggering $4.8 billion. This considerable wealth stands in stark contrast to their official annual salary of $174,000. To put this into perspective, …
Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour Tokyo-based SoftBank loss totaled 931 billion yen ($6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier. …. That has been highlighted by the troubles at WeWork, which …
Bank of America $BAC has a $130 billion unrealized loss on their balance sheet and only has $29 billion in income in the last 12 months. pic.twitter.com/MC6LY3ET2F — Kevin Malone (@Malone_Wealth) November 8, 2023 WSJ: Big Banks Cook Up New Way to Unload Risk “U.S. banks have found a new way to unload risk as …
Texas voters overwhelmingly granted themselves a whopping $18 billion property tax cut while establishing dedicated funds to improve and expand state parks, prepare for future statewide water needs and extend the reach of broadband internet to the most remotes parts of the state, according to the unofficial election results Tuesday night. In all, voters were …
Another record credit card debt Collectively, Americans now owe $1.08 trillion on their credit cards, according to a report from the Federal Reserve Bank of New York. Steadily, persistently higher prices have caused consumers to spend down their savings and increasingly turn to credit cards to make ends meet. At the same time, credit cards are one …
The recent $185 billion bank bailout in Switzerland has raised eyebrows as the country now contemplates a concerning measure: potentially restricting bank withdrawals to prevent a mass exodus of depositors during future financial crises. This move reflects the growing challenges in the global financial system, where authorities grapple with the notion that banks are becoming …
by Agitated_Product_404 In short Warren Buffet and Charlie Munger, two of the greatest investors of all time leading one of the largest funds in the world just increased their cash position yet again this last quarter to $157 Billion. This would put their cash position at now over 20% of total assets under management which …
via businessinsider: The US could see a $46 billion wave of distressed high-yield debt next year, BofA warned. That’s because defaults are accelerating and could speed up at 1.5 times the pace next year. Higher interest rates could cause defaults and bankruptcies to peak in early 2024, experts warn. Brace for a wave of distressed …
via thetimes.co.uk: The government is to hand over £170 billion to the Bank of England to cover losses on its bond-buying scheme over the next decade, new analysis by the central bank suggests. Losses on the Bank’s quantitative easing (QE) programme, which are backstopped by the Treasury, are forecast to rise significantly as it sells …
America is finished if this kind of bipartisan Treason continues. Will America’s Vladimir Putin please stand up and take this country back, the hard way if necessary: 🚨🇺🇸🇮🇱 60,000 HOMELESS VETERANS in the United States and the House just passed $14.3 BILLION in “aid” for Israel? pic.twitter.com/j60jiGmuSJ — Jackson Hinkle 🇺🇸 (@jacksonhinklle) November 2, 2023 …
ATLANTIC CITY, N.J. — Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry. It added fresh uncertainty to an industry seen by supporters as a way to help end the burning of planet-warming …
Why are we sending $14.5 billion to Israel? Israel is an extremely wealthy country. They can afford to pay for their war and buy all the weapons they need. Israel doesn’t need military aid. They need weapons, which we can sell them. But they don’t need financial aid … at all. https://t.co/4xiC94LmRH — Wall Street …
Remember the metaverse? It was that new thing that Mark Zuckerberg has been evangelizing for years, even saying at Meta Connect this year that it will be the next frontier of social interactions. “Pretty soon, I think we’re going to be at a point where you’re going to be there physically with some of your …
by Martin Armstrong America added an additional $105 billion in military spending on top of the $886 billion military budget set to be approved by Congress. We are spending far more on securing Israel and Ukraine than our own border. The bill will provide $13.6 billion in funding to secure the US-Mexico border, which is …
Structured products tied to China indexes at risk of losses Hitting knock-in level may trigger selling of index futures Another 10% decline in a major Chinese equity gauge may trigger a wave of selling in index futures tied to structured products, adding fresh risks to the slumping stock market. Investors face losses in complex “snowball” …
Toyota’s chairman and former CEO, Akio Toyoda, has long been a skeptic of the electric vehicle hype train—it was a big reason he stepped down from the top job at the Japanese carmaker earlier this year. Now, he can finally say, “I told you so.” With Elon Musk’s Tesla reporting disastrous third-quarter earnings last week, …
by confoundedinterest17 Bidenomics new theme song is “Addicted To Gov.” Bidenomics needs lots of Federal spending and borrowing to survive. But all this spending and borrowing is causing rapid price increases and other distortions. The US Federal government just added $600 billion in debt in ONE MONTH. And The Fed’s have borrowed $10.47 TRILLION since Covid in Q1 …
Biden is sending a $105 billion spending bill to Congress, most of it is for other countries. $60 billion of it is for Ukraine to get him thru 2024. 🤨 pic.twitter.com/IDqSXIzvBK — Wall Street Mav (@WallStreetMav) October 26, 2023 How are you feeling about 2024 so far? … 🔥🔥🔥 pic.twitter.com/ztLoxlnQzD — Wall Street Mav (@WallStreetMav) …
The IRS has detailed tax dodging by the ultra-wealthy and says it recently squeezed 100 millionaires for $122 million in missing taxes, per BI. — Win Smart, CFA (@WinfieldSmart) October 25, 2023
No money for affordable housing, only money for war. Let’s see how much can our economy endure… Biden's aid package request:$61.4 billion for Ukraine$14.3 billion for Israel$14.45 billion for southern border$2 billion for Indo-Pacific$10 billion for humanitarian aid (Israel, Gaza, Ukraine, border) — Robert F. Kennedy Jr (@RobertKennedyJr) October 22, 2023 h/t Impossible_Data_8545
The Church of Jesus Christ of Latter-day Saints engaged in the scheme for more than 20 years. The Church of Jesus Christ of Latter-day Saints and a nonprofit entity that it controlled have been fined $5 million by the Securities and Exchange Commission over accusations that the religious institution failed to properly disclose its investment …
I will give them a billion dollars if they change their name to Dickipedia https://t.co/wxoHQdRICy — Elon Musk (@elonmusk) October 22, 2023
At some point, federal regulators, the Senate Banking Committee and the criminal division of the U.S. Department of Justice are going to reach the same conclusion that Wall Street On Parade reached quite some time ago: JPMorgan Chase is a criminal enterprise in drag as a federally-insured bank. JPMorgan Chase is the largest U.S. bank, …
The Honorable Minister Louis Farrakhan, head of the Nation of Islam (NOI), has initiated a lawsuit against the Anti-Defamation League (ADL), seeking a staggering $4.8 billion in damages. The lawsuit alleges that the ADL has consistently and falsely labeled him as anti-Semitic, causing irreparable harm to both his reputation and that of the Nation of …
by Chris Black FYI Alex Jones has filled for bankruptcy. Then you have this: What even is this? Is this justice? Jones’ personal character is not what is at issue. What is at issue is that a man was told to pay $1.5 billion for saying he thought something in the news was fake. This …
A Texas judge ruled that Infowars host Alex Jones cannot use bankruptcy protection to avoid paying Sandy Hook massacre victims’ families more than $1.1 billion for his conspiracy theories that the 2012 shooting was a hoax. U.S. District Judge Christopher Lopez of Houston issued the ruling Thursday. “The families are pleased with the Court’s ruling …
