A hub for independent voices and hard truths
Federal officials have been criticized after splashing $3.3 billion on swanky new office furniture during the pandemic, when almost all staff worked from home. The egregious spending habits of the US government included almost $250,000 on solar-powered picnic tables for …
This printer has never been this hot pic.twitter.com/SmP8OF8jwP — GALAVIS (@FedericoGalavis) October 5, 2023
https://t.co/3i8lURYf73 — Win Smart, CFA (@WinfieldSmart) October 4, 2023 What is going on with the US debt? There is currently no debt ceiling because former Speaker McCarthy suspended the limit until 2025 (foolishly). So Biden can borrow an unlimited amount …
Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said. Biden has said he will pursue new measures to provide student loan relief …
by Chris Black Every country will support this war forever, regardless of how their populations feel about it. The Guardian: Ukraine is set to receive billions of euros more in military aid, as well as training for fighter pilots, the …
via reuters: LONDON, Oct 2 (Reuters) – Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS (UBSG.S) …
This liquidity strain might prompt banks to tighten lending, potentially making it more challenging for individuals and businesses to access credit. A record $870 billion of deposits have left banks over the last 18 months. This is the highest deposit …
Our societal breakdown is happening by design. via YAHOO: Losses from retail crime ticked up in 2022, causing many retailers across the country to change the way they do business, according to a survey released on Tuesday by the National …
Banks issuing bonds again to raise funds to pay bills today? Writing IOUs intended to fail? At this rate, it looks like every bank will be put at risk to ensure massive systemic risk to maximize the public bailout. Hello …
Despite receiving a substantial amount of funding, Baltimore city schools experienced a disheartening outcome. “Last year, Baltimore city schools received a record $1.6 billion plus an additional $799 million in COVID funds The result? 0 students tested proficient in math …
“Bankruptcy filings for companies with at least $10 million in liabilities are rising sharply. Since the Fed started raising rates in March 2022, bankruptcy filings have more than doubled. Corporations, individuals, and the government all got used to historically low …
US Media is desperately trying to bury this story as “Russian Disinformation” to protect Biden and the Obamunists, but it is gaining traction now in the western press. Some #Ukrainian journalists claim that former Ukrainian defence minister Aleksey Reznikov stole …
+$20 billion per day +$1 trillion every 50 days +$7.3 trillion per year Everything is Fine … 🔥🔥🔥America Hits $33 Trillion In Debt … How High Will We Go? pic.twitter.com/HNtEyfPTeK — Wall Street Mav (@WallStreetMav) September 22, 2023 The US …
🚨 BREAKING: House Republicans reportedly denied a request from Zelenskyy to deliver another address to Congress pic.twitter.com/xqzSmj5T3e — Benny Johnson (@bennyjohnson) September 21, 2023 h/t 2201992
Poland said Wednesday it will no longer arm Ukraine and instead focus on its own defense, as the two allies clashed at a key moment in Kyiv’s fightback against invasion by Russia. In a mounting row over grain exports from …
Zelensky arrives at the United Nations General Assembly in Washington DC. He will ask for another $24 billion in "aid." Our country is falling apart at the seams and both political parties are entertaining this insanity.pic.twitter.com/XUxbI2WZlq — Citizen Free Press …
NEW: Zelenskyy to visit Washington next week as Congress is debating $21 billion in new aid for Ukraine – AP — Breaking911 (@Breaking911) September 14, 2023 Not another damn dime! Ukraine’s Volodymyr Zelenskiy to visit Biden as Congress debates $24bn …
via mises: The Federal Reserve has officially reported a loss of $57 billion for the first six months of 2023. Quite a number! So the “Federal Reserve Banks Combined Quarterly Financial Report as of June 30, 2023” (CQFR)—a little-known document—is especially notable …
NYC Mayor has estimated potential costs of up to $12 billion for the city over the next three years. Read more: https://t.co/vOFF0QtouY — unusual_whales (@unusual_whales) September 13, 2023 ⚠️ THIS NEWS CLIP NEEDS TO BE SHARED EVERYWHERE ⚠️ “The Migrant …
President Trump launched a missile strike to take out Iranian General Soleimani Biden sent Iran $6 billion on 9/11 If you’re not enraged, you’re not paying attention pic.twitter.com/MnWONV0Si9 — DC_Draino (@DC_Draino) September 12, 2023
by TonyLiberty Disney $DIS is facing a bunch of challenges that have caused its stock to plummet, and its market value to decline by over $200 Billion: 1) Declining Disney+ subscribers 2) Ongoing Hollywood strike 3) Fee dispute with the …
While China has been offloading US Treasuries for 10+ years, the rate has accelerated. Both Canada and Mexico also now account for a higher % of US imports than China. It seems like the trade war is back. Follow us …
by Dismal-Jellyfish https://fred.stlouisfed.org/series/DPSACBW027SBOG https://www.federalreserve.gov/releases/h8/20230825/ A tad over a year ago (4/13/2022) the high was hit at $18,158.3536 billion: Date Deposits, All Commercial Banks (billions) Down from all time high (billions) 4/13/2022 $18,158 0 2/22/2023 (Run picks up speed) $17,690 -$468 …
With the new debt ceiling bill, the limit is UNCAPPED until 2025. Estimates show $4 trillion in debt will be added by 2025 at this rate. Meanwhile, interest expense is rising with rates. This is unsustainable. Follow us @KobeissiLetter for …
by Dismal-Jellyfish Source: https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/2023jun/qbp.pdf Highlights: Net Income Decreased From the Prior Quarter, Driven By Lower Noninterest Income The Net Interest Margin Declined for the Second Straight Quarter Unrealized Losses on Securities Increased Quarter Over Quarter Community Banks Reported Higher Net …
by Dismal-Jellyfish Source: https://www.fdic.gov/news/press-releases/2023/pr23071.html Today, the Federal Deposit Insurance Corporation (FDIC) announced the start of a marketing process for the approximately $33 billion Commercial Real Estate (CRE) loan portfolio retained in receivership following the failure of Signature Bank, New York, New …
by 2201992 Biden has requested 12 billion. Any aid package is required to start in congress. Specifically the House of Representatives which is controlled by Republicans. Kevin will need to call for a vote on a bill for Hawaii. Email …
