Independent thinking for complex markets and current events
by Martin Armstrong Jerome Powell finally said out loud what the revisions have been quietly showing for months. During his March 18 press conference, Powell said that “effectively there’s zero net job creation in the private sector” over roughly the past six months after adjusting for what Fed staff view as overstatement in the payroll …
AI could wipe out half of all entry-level white-collar jobs and spike unemployment to 10% to 20% in the next one to five years, predicts Anthropic CEO Dario Amodei. https://t.co/K53oCApIeF pic.twitter.com/6BgAlQ30pM — 60 Minutes (@60Minutes) November 17, 2025 Anthropic CEO’s Prediction: “AI could wipe out half of all entry-level white-collar jobs in 1 to 5 …
There’s already a notable drop in consumption, truck fright in the US is down 17% YoY, while shipping containers inbound from China is down 15% YoY. JUST IN: Powell says job creation is "close to zero" due to AI — Kalshi (@Kalshi) November 7, 2025 The top 10% of U.S. households hold 87% of all …
It’s obvious the economy is a mess right now, slowest job growth in 15 years, a weakening dollar, sky-high tariffs, a government shutdown, and everything else falling apart. Meanwhile, the top 10% are chilling, barely noticing any of this, watching their net worths hit new records as the market keeps climbing. We didn’t get the …
Reddit now lets users hide their post and comment history. The change was framed as a privacy upgrade. “Reddit on Tuesday announced a new feature that will offer its users more privacy when it comes to what’s shared on their user profiles.” https://techcrunch.com/2025/06/03/reddit-now-lets-you-hide-content-like-posts-and-comments-from-your-user-profile/ But the rollout timing and feature design suggest something else. The new …
Watcher – US President Donald Trump has signed an executive order to establish a digital asset stockpile, according to a White House release. Indeed, the “crypto president” is delivering on his promise to Americans and crypto fans to prioritize the industry. Furthermore, the digital asset stockpile order directs departments and agencies to identify and make recommendations to the …
by confoundedinterest17 The US taxpayer has suffered a double whammy under The Federal government. First, thanks to the Federal Reserve, the purchasing power of the US Dollar has fallen 97% since the creation of The Federal Reserve in 1913 (under Woody Wilson). The second leg of the double whammy is the staggering $36 TRILLION is …
“And tonight I’m also making another Promise to protect Americans from Government tyranny” “As your President- I will never allow the creation of a Central Bank Digital Currency” pic.twitter.com/h5jnTWyv10 — Concerned Citizen (@BGatesIsaPyscho) November 8, 2024
By Martin Armstrong Speech by Brad Jones, Assistant Governor (Financial System), at the Intersekt Conference in Melbourne – 'Financial Innovation and the Future of CBDC in Australia’: https://t.co/zuYTeslJhZ pic.twitter.com/3ndAbgjepq — Reserve Bank of Australia (@RBAInfo) September 17, 2024 The Reserve Bank of Australia (RBA) is rapidly developing a wholesale central bank digital currency (CBDC) as developed nations …
COLOGNE, Germany — The European Union is considering setting up its own air defense shield after bloc leaders threw their support behind a Greek-Polish initiative to that effect this week. The two countries’ prime minsters, Kyriakos Mitsotakis and Donald Tusk, respectively, pitched the idea to European Commission President Ursula von der Leyen in a letter …
WATCH: Nancy Pelosi SNAPS After MSNBC Host Fact-Checks Her On Trump’s Record On Monday former Speaker Nancy Pelosi snapped at MSNBC host Katy Tur after being fact-checked on President Joe Biden’s economic record compared to former President Donald Trump’s tenure. Pelosi, in her vigorous defense of Joe Biden, asserted, “Joe Biden… created 9 million jobs …
by confoundedinterest17 The Hollies said it best: Stop, stop, stop. FIAT Money Printing that is. Typically, we look at M2 Money Velocity (GDP/M2) as a measure of how much the economy grows by expanding the money supply. M2 Money Velocity is currently at 1.344, and still below where we were under Trump prior to Covid. After Powell …
by confoundedinterest17 Today’s jobs report was UGLY! How when the US unexpectedly added 353K “jobs” – the most since January 2023. Remember, Biden is President. And apparenty El Presidente of Latin America, Africa and Asia. Let me start with the official Biden jobs report versus the ADP jobs report from yesterday. BLS showed an amazing …
Sum of Monthly Jobs Created Report by BLS = 3,140,000 Sum of Monthly revisions to jobs by BLS = -443,000 + August Revision of March Jobs -306,000 “By the time you include all the monthly revisions and the annual benchmark revision, about one-quarter of all the jobs we thought were added last year have been …
via Mike Shedlock: The welfare state is booming, especially in the sanctuary states. In three states, Government jobs plus Social Assistance/Health Care is over 100% of year-over-year job creation. What’s driving American job growth? In progressive states, it’s government, social assistance and healthcare. The Wall Street Journal reports The Welfare-Industrial Complex Is Booming The tens of …
by confoundedinterest17 I admit, Biden lies about everything. Like Biden saying he met with Israel Prime Minister Golda Meir during 1967’s Six-Day War, in which he claimed he served as a “liaison” between Israel and Egypt. He made the remarks during a menorah lighting at the White House Wednesday, apparently referencing a meeting he had with Meir just …
h/t InternationalTop2405
Holding gold, silver, and/or cryptocurrency would allow the state of North Carolina to shield its assets and hedge against rapidly depreciating Federal Reserve notes. As Sound Money Defence League policy director JP Cortez noted while testifying in favor of a similar bill in Wyoming, “Proposals encouraging state gold holdings have come before the legislature since …
via naturalnews: The members of the BRICS bloc of major emerging economies have recently met to decide on adding new members and creating a common currency to challenge the United States dollar. The five nations that make up BRICS – Brazil, Russia, India, China and South Africa – represent more than 40 percent of the global population, …