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Interest On US Debt Skyrockets Above $1 Trillion For The First Time Ever (Annual Interest Payments On 30-year Mortgage In 2020 Was $8,500, But Has Almost Tripled To $24,300!)

by confoundedinterest17 Another day, another dose of bad fiscal/monetary news. Not surprising with the US Treasury being run by Janet Yellen, who doesn’t seem to know much economics. In fact, with Biden/Congress spending like drunken sailors in port, inflation and The Fed’s counterattack, we see that interest of US debt just hit $1 TRILLION! $1.027 trillion in interest …

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Watch: World’s First A.I. Human-Like Robot CEO Unveiled

A rum and spirits distributor has made a humanoid robot driven by artificial intelligence its new CEO. “Mika” is a research project between Hanson Robotics and Polish rum company Dictador, who customized the robot CEO to represent the company and its values. Mika said in a company video that “with advanced artificial intelligence and machine learning …

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China foreign investment gauge turns negative for first time

A MEASURE of foreign investment into China turned negative for the first time since records began in 1998, highlighting how foreign companies are pulling money out of the country due to geopolitical tensions and higher interest rates elsewhere. China’s direct investment liabilities in its balance of payments declined by US$11.8 billion in the third quarter, …

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Biden White House Announces the “First Ever National Strategy to Counter Islamophobia” (whitehouse.gov)

Amid an unprecedented wave of anti-Semitism all over America, the Biden White House decided that now was the time to announce the “first ever national strategy to counter Islamophobia” 60% of hate crimes last year targeted Jews. Just 9% targeted Muslims. pic.twitter.com/zlroioMdMp — Greg Price (@greg_price11) November 1, 2023 President Biden ran for office to …

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Chicago’s first migrant winter

Freezing cold, snowing, camped in a tent city by a highway with women and children. Looks pretty tough but at least they have dry tents, baby strollers, bikes for their children and hot meals inside the church. https://www.youtube.com/watch?v=Kjwjfu0C2D4

First comes the shock to T-Bill yields, then comes the shock to jobless claims. S&P 500 closed just under the 200D moving average.

First comes the shock to T-Bill yields, then comes the shock to jobless claims. pic.twitter.com/DWIf9dN7S6 — Jeff Weniger (@JeffWeniger) November 1, 2023 This is THE US tightest monetary policy seen since the 1980s Something is bound to break pic.twitter.com/vbr6Y44x3r — Bravos Research (@bravosresearch) November 1, 2023 S&P 500 closed just under the 200D moving average. …

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The death of the first amendment- “conservative “ Supreme Court says it’s illegal to call for boycotts against Israel

The United States Supreme Court has opted not to review a law that penalises boycotting Israel in the state of Arkansas, leaving in place a lower court’s decision to uphold the measure. Free speech advocates lamented the decision on Tuesday while stressing that the move does not mean that the top court is asserting the …

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Consumer spending is on the decline for the first time in a decade

"The consumer is in excellent shape." Me: checking sales of luxury goods… – Gucci: -7%– Yves Saint Laurent: -12%– Bottega Veneta: -7%– Other: Balenciaga/Alexander McQueen etc: -15% Probably nothing. pic.twitter.com/dnhRqpGx0G — Genevieve Roch-Decter, CFA (@GRDecter) October 24, 2023 "Consumer spending is on the decline for the first time in a decade as inflation pushes prices …

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Giorgia Meloni has made Italy the first nation globally to ban synthetic meat, demonstrating the Italian people’s commitment to protect their food industry

Giorgia Meloni has made Italy the First Nation in the world to ban synthetic meat… Italian people and they will not allow Bill Gates to destroy their food industry 🇮🇹 pic.twitter.com/pfabHlkuB5 — Pelham (@Resist_05) October 20, 2023 Dutch political commentator, Eva Vlaardingerbroek: Unelected globalists are using the pretext of "reducing nitrogen emissions" to shut down …

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The average 30-year fixed mortgage rate hits 8.00% for the first time since 2000… The Nasdaq 100 Index could be the next shoe to drop.

🚨🚨🚨 The average 30-year fixed mortgage rate hits 8.00% for the first time since 2000. Taking into account mortgage rates, incomes, and house prices, October 2023 stands out as the least affordable month for U.S. housing this century. Spread: 308 bps pic.twitter.com/2MH8BlaXJM — Lance Lambert (@NewsLambert) October 18, 2023 Ladies and gentlemen: Introducing the Nasdaq …

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Bond market is burning – nastiest stuff burns first.

This is just further proof that the Fed’s policies are harming the economy and benefiting only the rich. The fact that bankruptcies are rising shows that businesses are struggling to keep up with higher interest rates, and this is ultimately going to hurt consumers as well. The Fed needs to stop hiking rates and start …

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From 2014: WikiLeaks documents show that Israel was interested in empowering Hamas in attempt to end the first Intifada – Hamas “serves as a useful counter-force”

From 2014: WikiLeaks documents show that Israel was interested in empowering Hamas in attempt to end the first Intifada – Hamas "serves as a useful counter-force" Link: https://t.co/RKwzIzU6nn pic.twitter.com/dtzQllnuhM — WikiLeaks (@wikileaks) October 17, 2023 'WikiLeaks cable from US Embassy in Tel Aviv says Israeli officials told US in 2008 they wanted Gaza's economy 'functioning …

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A global bond market warning arises as junk-rated debt surpasses top-rated AAA debt for the first time in history. Historians will look back in astonishment that this wasn’t front page news.

Historians will look back in astonishment that this wasn’t front page news. — Wolf 🐺 (@WorldByWolf) October 12, 2023 After a brief break in the last few days, we are back to the new normal: Stocks and bonds being positively correlated, particularly during down days. One thing seems evident: We are no longer in the …

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Hedge Fund Magnate Paul Tudor Jones Favors Gold and Bitcoin as U.S. Treasuries Overtake Gold in Volatility for the First Time in 50 Years.

H/T: @TaviCosta — Barchart (@Barchart) October 10, 2023 Paul Tudor Jones: The U.S. Is Moving Towards an “Untenable Fiscal Position.” Favors Gold & Bitcoin Hedge fund magnate Paul Tudor Jones expressed concerns over increasing geopolitical risks and the U.S.’s rising debt, making stocks less appealing. Speaking on CNBC’s Squawk Box, he highlighted the precarious U.S. …

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Rubino: Is Japan the first major country to implode?

via JOHN RUBINO: People keep talking about the “box” in which profligate countries will someday find themselves, where the tools that used to work no longer do and everything falls apart. Japan might be in that box. After years of soaring government debt and central bank “financial repression” to make that debt manageable, it now finds …

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ED MORRISSEY ON 20 Years in the Blogosphere, and the Danger Ahead. “The real crisis didn’t come from professionalization. It came from Big Tech platforms, which first partnered with bloggers and independent voices — and then worked to curtail or even silence them.”

via hotair: The real crisis didn’t come from professionalization. It came from Big Tech platforms, which first partnered with bloggers and independent voices — and then worked to curtail or even silence them. The first iteration of this came with Facebook, whose vast audience attracted many independents and some corporate bloggers to commit to that platform, only …

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Bonds are in the first few innings of the biggest debt meltdown in history. Stocks are on the brink of collapse.

Incredibly, ultra long-duration Treasury bonds have now lost more in % terms than stocks did during Great Financial Crisis. The drawdown in extended duration Treasury ETF (🔻58.3%) now exceeds PEAK-TO-TROUGH losses in S&P 500 during stock market crash of 2007 – 2009 (🔻56.0%) pic.twitter.com/nlXZH5xOUY — Jack Farley (@JackFarley96) October 2, 2023 Ok, think of it …

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British troops will be deployed in Ukraine for the first time under plans being discussed with military chiefs

Send your sons and daughters to die for the big guy. Why are we being dragged into this with no public discussion, especially when the government seems determined to wind down our armed forces, and when the navy is unable/unwilling to protect our coast. https://t.co/dNXWr5V0Fe — Rush (@exRAF_Al) September 30, 2023 U.K. is more thirsty …

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California enacts first gun and ammunition tax in the country

California Governor Gavin Newsom signed several firearms and ammunition-related bills into law on Tuesday, including one to tax guns and ammunition and another that places more rules on people seeking a concealed carry weapons permit. The federal government already taxes the sale of guns and ammunition at either 10% or 11%, depending on the type …

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US Completely Funds Every Aspect Of Ukraine, Including Salaries For 57,000 First Responders

US COMPLETELY FUNDS EVERY ASPECT OF UKRAINE, INCLUDING SALARIES FOR 57,000 FIRST RESPONDERS pic.twitter.com/K0IWtUHOTp — The_Real_Fly (@The_Real_Fly) September 25, 2023 https://www.youtube.com/watch?v=jkGJw5wUZI0 Senator Shocked By Classified Briefing On Ukraine: Warhawks Want Blank Check With No Victory In Sight https://t.co/bvL3yJzrAj — zerohedge (@zerohedge) September 25, 2023 BILLIONS IN US DOLLARS HAS RESULTED IN STATE OF THE ART …

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