Independent thinking for complex markets and current events
BREAKING: Reports are emerging that the United Arab Emirates government has FROZEN billions of dollars worth of contracts with France for the purchase of 80 fighter jets due to the recent arrest of Telegram CEO Pavel Durov THIS IS AMAZING! Dubai is winning, while Paris is… pic.twitter.com/enz6ncn1Cc — George (@BehizyTweets) August 27, 2024 h/t JADR
By Martin Armstrong EU Economic Commissioner Paolo Gentiloni has claimed that the Group of Seven (G7) will release $50 billion in frozen Russian assets to Ukraine by October. These leaders agreed at the last meeting on June 13 that they would indeed take the money they confiscated from Russia and provide it to Ukraine in …
Donors told a leading Biden super PAC that they’re pausing around $90 million of promised funds unless the president steps aside, two sources told the New York Times. Some of the pledges were going to stretch into the eight-figures. Future Forward is the biggest super PAC supporting Biden and declined to comment on the fallout. …
The over-7% mortgage rates seem to have become a fixture in the housing market. The average conforming 30-year fixed mortgage rate edged up to 7.07% in the latest week, and has now been above 7% since early April, according to the Mortgage Bankers Association today. During Rate-Cut-Mania, the average mortgage rate had dropped to 6.76% …
In the bustling aisles of our supermarkets, frozen foods offer the promise of convenience and time-savings, but what lurks within these quick meal solutions might give you pause. While they dazzle with vibrant packaging and the allure of a quick, tasty meal, a deeper dive into their contents reveals a less appetizing reality. Recent findings …
When former President Donald Trump appears in a New York courtroom Monday to face an unprecedented legal battle in his hush money case, law enforcement will deploy a sophisticated and multi-layered security plan greater than that of his previous high-profile cases in Manhattan, law enforcement officials told CNN. Trump, who is supposed to be in …
By Martin Armstrong Russian assets frozen by the West have been sitting idle for three years. US Treasury Secretary Janet Yellen is urging the G20 to liquidate nearly $300 billion in stolen assets and send it to Ukraine. “It is necessary and urgent for our coalition to find a way to unlock the value of …
“This ruling is stating that a fertilized egg, which is a clump of cells, is now a person. It really puts into question, the practice of IVF,…” “”Unborn children are ‘children’ … without exception based on developmental stage, physical location, or any other ancillary characteristics,” Justice Jay Mitchell wrote in Friday’s majority ruling by the …
Norway has agreed to help transfer frozen tax funds earmarked for the Palestinian Authority that were collected by Israel, the Norwegian Foreign Ministry says, providing vital funding to the Western-backed entity. “The temporary scheme will play a crucial role in preventing the Palestinian Authority from collapsing financially,” the Norwegian ministry says in a statement. https://www.timesofisrael.com/liveblog-february-18-2024/
via JOHN RUBINO: Stocks are melting up while government officials claim credit for a soft landing. And yet… The US Index of Leading Economic Indicators (LEI) continues to predict a slowdown while GDP, which normally tracks the LEI, remains strong. Which one is right? The December index of business conditions in the New York Fed’s territory plunged …
via naturalnews: Financial institutions in Switzerland are charging Russian clients with frozen accounts additional fees in order to access their own funds. This is according to sources within the Swiss banking and legal sectors, who warned that Swiss bankers are extracting exorbitant commissions on blocked assets belonging to Russian citizens, sometimes years in advance — a move that has …
by confoundedinterest17 The themesong for the global warming conference in Dubai is Sam Cooke’s Wonderful World. Since mostly they don’t believe in science or economics. Just the thrill of government control. While world leaders spoke at a ‘global warming’ conference in Dubai, located in the heart of the Arabian Desert, discussing the usual: banning gas stoves, cow …
via Natural News: The Philadelphia Police Department is currently searching for five men suspected of stealing boxes of frozen beef from a refrigerated truck on Nov. 15 in South Philadelphia. The heist took place at around 12:30 a.m. on the 700 block of Pattison Avenue in South Philly East. The targeted tractor-trailer was parked overnight at the …
The War in Ukraine has to end, or be frozen, before the U.S. Election Primaries begin in January. At any cost…. NO elected official can go home and defend the massive expenditures for Ukraine to the Home Folk with the Economy collapsing, drugs and crime soaring, and the effects of the massive invasion of the …
by confoundedinterest17 I love orange juice! Unfortnately, as a diabetic, OJ is off limits. So I have to watch others drink one of my favorite beverages. But like everything else under Bidenomics, orange juice is far more expensive. Orange juice futures, the subject of the comedy “Trading Places,” are up 192% under Biden’s Reign of (Economic) Error. …
Willamette Valley Fruit Company based in Oregon announced the recall of frozen strawberries that are sold at Walmart, Costco, and HEB retail stores under the brand names Rader Farms Organic at Costco and HEB as well as Great Value at Walmart, the FDA notice said. The strawberries were grown in Mexico, the agency added. The …
Us Banks Report Biggest Capital Outflow in 40 Years According to the report, US banks lost $472 billion in deposits during the January-March period, marking the fourth consecutive quarter of industry outflows. The decline was primarily from uninsured funds, the FDIC said, noting that insured deposits actually increased by $255.1 billion, or 2.5%, amid the …