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Purdue Pharma family protected from lawsuits in exchange for addiction treatment funding

‘A court ruled the owners of Purdue Pharma, the Sackler family, will be protected from civil lawsuits linked to the opioid crisis in exchange for a $6 billion settlement. Purdue, which filed for bankruptcy in 2019 amid thousands of lawsuits, made drugs like OxyContin and is blamed for fueling the opioid epidemic.’ https://www.pbs.org/newshour/show/purdue-pharma-family-protected-from-lawsuits-in-exchange-for-addiction-treatment-funding There’s a …

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For people who think the banks are fine…

  Fed Loaned $160 Billion to Banks and $142 billion to FDIC. But QT-Related Roll-off Continued At around 4.75%, plus collateral, these are expensive loans for banks. The Fed’s Discount Window Soared to Its Highest Level Since the Previous Financial Crisis of 2008 Fed Dead Redemption! Flight To Safety As US Treasury 10-Year Yield Drops …

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Two former traders get jail for ‘spoofing’ precious metals futures

via justice.gov: Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, March 9, 2023 Former Wall Street Precious Metal Traders Sentenced for Wire Fraud Two former Wall Street traders were each sentenced today to one year and one day in prison for engaging in a multi-year fraud scheme to manipulate U.S. commodities markets …

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This is bound for the biggest financial catastrophe…

As long as they can fill in more money they won’t have to take any losses. Ohh wait, what happened to SVB. Translate for Retails… Unrealized gains or losses on investment securities refer to the changes in the value of an investment that have not yet been realized through a sale or disposition of the …

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Brace For Egg Shortages As Global Food Production Is Being Hit By Major Crisis After Major Crisis

Egg prices are exploding in the United States as the food supply chain crisis spirals out of control. A new Bloomberg report exposed that food costs are rising uncontrollably all across America, reaching the highest level since May 1979.A few years back, American consumers could actually fill up an entire shopping cart full of food …

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