Independent thinking for complex markets and current events
It’s infuriating! The hard-earned savings of Americans are being decimated. Biden’s policies are a disaster! The average retirement account lost $33,200 in buying power — one quarter of its value — since Joe Biden took office. This could delay millions of Americans retirement by years — up to a decade according to one economist. What …
via Naturalnews: It is time for all member nations of BRICS (Brazil, Russia, India, China, South Africa, Argentina, Ethiopia, Egypt, Iran, Saudi Arabia and the United Arab Emirates) to drop the United States dollar in favor of local currencies for financial relations and settlements, according to Russian Finance Minister Anton Siluanov this week, at the Russia-China Financial …
BREAKING: BRICS The U.S. Dollar remains king and is now used in 48% of international payment transactions, the highest level in more than a decade pic.twitter.com/fzFSXIlUFg — Win Smart, CFA (@WinfieldSmart) December 20, 2023
Bank of Japan’s Ueda indicates uncertainty on exit policy, maintains current approach, expresses doubt on 2% inflation target. Monetary policy leans towards easier measures, impacting Japanese Yen. #BankofJapan's #Ueda:'can't say what an exit policy will entail.''patiently continue' with current policy.'we're not at the stage where we can see with certainty the 2% inflation target will …
Vivek Ramaswamy has said, if elected: I will reduce headcount at the U.S. Federal Reserve by >90% and limit its scope to doing exactly *one* thing: stabilize the dollar as a stable unit of measurement. pic.twitter.com/8lZBGZqkwH — unusual_whales (@unusual_whales) December 17, 2023 Hedge Funds have turned bearish on the U.S. Dollar for the first time …
Only 2 weeks – Jan 1st, 2024 until oil producing countries formally drop the USD. https://www.youtube.com/watch?v=hoToNRHBs5k
Nobody working on this project is allowed to talk about what they’re building. Almost anyone who passes compound security—from carpenters to electricians to painters to security guards—is bound by a strict nondisclosure agreement …… the planning and construction of the roughly 1,400-acre compound has been shrouded in secrecy. The property, known as Koolau Ranch, will, …
by confoundedinterest17 We are on a Highway To Hell! Massive Federal Budget deficits and staggering payments to Treasury from The Fed (losses on balance sheet) and $212 TRILLION in unfunded promises to the non-elites. Under Modern Monetary Theory (or print money without consequences), we are seeing trillion dollars budget deficits with no end in sight. Nothing …
Mutual transactions in national currencies have quadrupled in 2023, VTB bank executive says Trade settlements in national currencies between Russia and Vietnam have skyrocketed this year, Olga Basha, VTB’s head of international settlements, told RIA Novosti ahead of the investment forum Russia Calling 2023. Basha noted that settlements conducted in ruble and dong between the …
by confoundedinterest17 Joe Biden has a new name: the crypt keeper. As in the person through his economic screw-ups is causing a massive inflow to cryptos. Anticipation of an eventual US spot Bitcoin ETF – which Bloomberg’s analysts assign a 90% probability of being approved by the SEC in January. as well as surging prices, …
by realmichaelklemme They did horribly last earnings, I think their stock dropped over 10% as a result. YTD it has almost lost half its value when S&P 500 has done well. They have $18 Billion in debt and $352 million in cash, with rapidly shrinking revenue at -30% yoy. They don’t have more debt than …
Despite global aspirations for de-dollarization, recent developments highlight formidable challenges in the transition away from the U.S. dollar. Two prominent BRICS nations, India and Russia, are encountering obstacles with capital controls and unsuccessful negotiations for settling bilateral trade in their native currencies. Furthermore, efforts to shift away from the U.S. dollar in global trade face …
by confoundedinterest17 Republicans elected Mike Johnson from Louisiana as House Speaker, then were surprised when Johnson agreed with big spending Senators McConnell and Schumer on Biden’s mega spendathon. Also, several Republicans voted with Democrats NOT to impeach Cuba Pete (Mayorkas) for allowing 8 million illegals to cross the southern border. Bottom line: the Biden Administration and Congress …
A couple of points here. We give a good bunch of money every year as a matter of course. Just because they haven’t spent money earmarked for war doesn’t mean it hasn’t been approved, sent or received. Israel is literally dominating in their war with Hamas after being brutally attacked killing thousands of innocent people, …
Gold to hit record levels in 6 different major currencies. EuroBritish PoundChinese YuanAustralian DollarsJapanese YenKorean Won The US dollar is the next one in line. pic.twitter.com/Ili2oKEBxd — Otavio (Tavi) Costa (@TaviCosta) October 19, 2023 Gold is starting to sniff that some sort of yield curve control measure is inevitable. The government can't keep exponentially worsening …
Mortgage rates are now officially TRIPLE where they were just 2 years ago. However, the median sales price of a home continues to rise. Affordability is so bad that not even investors can afford to buy. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 17, 2023 US …
Gen-Z shoppers think using cash doesn’t count as spending, that anything under $5 is effectively FREE and that riding a $400 bike 400 times means it only costs a dollar The new phenomena of ‘girl’ and ‘boy’ math is taking TikTok by storm as Gen Z shoppers bizarrely claim using cash doesn’t count as spending …
We are entering the dollar milkshake timeline. This is literally it. pic.twitter.com/WoLtDshY0Z — Swordfish (@Swordfishv44183) October 9, 2023
by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline. The developer, which missed two dollar interest …
https://t.co/QExVpGvRNS — Win Smart, CFA (@WinfieldSmart) October 6, 2023
A Taylorsville senior living facility is beginning automatic payments, with the note that any manual payments going forward will incur a $300 fee.
Was Douglas Durst's strange post on his US Debt Clock website a warning of what is to come? The post appeared the night before markets began panicking about Japan on October 2nd, 2023. pic.twitter.com/D4PMG0IdMc — Financelot (@FinanceLancelot) October 5, 2023 The stock market fear and greed index is in extreme fear: pic.twitter.com/phA81ALBhu — unusual_whales (@unusual_whales) …
Economist and philosopher John Maynard Keynes is famous for saying that markets can stay irrational longer than you can stay solvent. As the Australian dollar (AUD) plunges, Aussie importers and international travellers must wonder if he was referring to them. The AUD is once again swooning towards new lows. In truth, the currency has been …
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 of money. It went up $275 billion in ONE DAY. $442 billion in just two …
Ray Dalio says the United States is going to have a debt crisis. "There are two ways to conquer and enslave a country. One is by the sword. The other is by debt." – John Adams The bill always eventually gets paid one way or the other. — Gold Telegraph ⚡ (@GoldTelegraph_) September 28, 2023
by theSilverVigilante Strong US dollar backing away from 107. Oil tanks from hitting $95 overnight. A weaker dollar and weaker oil coinciding with a completely flat precious metals movement and completely flat equity markets. This is the confusion before the storm. Jamie dimon coming out and predicting 7.5% fed funds rate recently. Maybe the FED …
More pain in financial Equity markets is almost guaranteed with the US dollar Index reaching its 2023 highs of the year. Not only that but oil is bouncing back very hard despite the strong dollar. What’s up almost 3% for the day. We’re going to see an oil shock like the 1970s. My prediction is …
Democrat Senator Menendez, wife indicted on bribe charges as probe finds $100,000 in gold bars, prosecutors say – 2nd in 8 years NEW YORK (AP) — Sen. Bob Menendez was charged Friday with secretly aiding the authoritarian regime of Egypt in exchange for gold bars and hundreds of thousands of dollars in cash as prosecutors unsealed a …
