Independent thinking for complex markets and current events
https://twitter.com/BernieSpofforth/status/1663795870142169089?ref_src=twsrc%5Etfw By the Numbers: Bill and Melinda Gates rank as WHO organization’s 2nd biggest donor The U.S. funds more than 20% of the WHO’s budget and was the organization’s largest donor before President Trump announced he would be halting any additional funding for to the organization. h/t Little Lost
SpaceX’s Starlink wins Pentagon contract for satellite services to Ukraine The U.S. Department of Defense granted a contract to Starlink, the satellite communications service started by Tesla (TSLA) CEO Elon Musk, to provide services in Ukraine. “We continue to work with a range of global partners to ensure Ukraine has the resilient satellite and communication …
Twitter canceled a deal with @realdailywire to premiere What is a Woman? for free on the platform because of two instances of “misgendering.” I’m not kidding. Here's what happened:🧵1/16 — Jeremy Boreing (@JeremyDBoreing) June 1, 2023 2/16 One year ago today, we released What is a Woman?. To celebrate the occasion and expand the movie’s …
Elon Musk told Beijing officials that he’s against the US and China decoupling their economies. In a visit to the country, he described the US and China as “conjoined twins,” per a statement from China’s foreign ministry. That comes as US-China relations are under intense strain, raising concerns for firms with business in the country. …
by B3stAuD1t0rofA11tiME I’m sick of this shit If the goal is 2% inflation and we are at 5% per the imaginary numbers they report you don’t just skip a rate hike Especially when true inflation is 20%+ Just look at the price increase of a Big Mac pre-pandemic and today I trust that more as …
by Phoenix Capital Research It’s worse than I imagined. I had initially thought that the current debt ceiling deal would feature a small amount of spending cuts in 2024. In reality, it will feature NO CUTS and will in fact open the door to as much spending as the Biden Whitehouse desires. How is this possible? A single line in the …
12 seconds in… “A government experiment gone wrong” h/t MARsSPEED
Three New York ‘teens’ were arrested for killing a beloved mama swan named Faye and taking her four babies. The pond is home to where “generations of town-owned swans have lived since 1905” according to The New York Post. The teens took the swan from a pond in Manlius, cooked it and ate it for …
by Michael We are in far more trouble than most people realize. In recent months, our rapidly growing economic problems have gotten a lot of attention, and without a doubt our economy is heading into really hard times. The greatest debt bubble in the history of the world has started to implode, and the end of this “mega-cycle” is going to cause an immense amount of …
by Shaun Richards The economic story of 2023 was supposed to be one where the re-opening of China after Covid saw its economic growth surge again.Except as we have been noting increasingly the economic engine has been rather stuttering. Back on the 17th of this month we looked at some disappointing manufacturing and production figures for April and this morning there …
This Corrupt. “The Deep State isn’t a cabal, per se. They aren’t gathering a (now marijuana) smoke-filled room plotting the downfall of America. Rather, they are a bunch of high-level bureaucrats who believe that they have the wisdom and the power to run the country, all the way down to what you are allowed and not allowed to say. They …
My uncle JFK started USAID to help poor countries develop and now we use it to stuff them with totalitarian spyware. This encapsulates what has gone so horribly wrong. — Robert F. Kennedy Jr (@RobertKennedyJr) May 30, 2023 h/t Simian_Stacker
Nudity and private information – like social security and credit card numbers –were redacted from the photos A trove of photos from Hunter Biden’s laptop has been made available to the public through a new website that launched Thursday. The website – BidenLaptopMedia.com – will house almost 10,000 photos spanning from 2008 to 2019 and took months to …
New Supreme Court Ruling Allows the IRS to Access Your Bank Records Secretly “It is now completely legal for the IRS to secretly obtain the bank records of third-party individuals who are not under Federal investigation,” reported @RomanBalmakov. “If the IRS is trying to… pic.twitter.com/8ISHEW9hGi — The Vigilant Fox 🦊 (@VigilantFox) May 31, 2023 Kevin …
Gal Luft, the “missing” witness in the House Oversight Committee’s Biden family corruption investigation, has told The Post he is alive and living as a fugitive in an undisclosed location. The former Israeli Defense Force colonel vanished from Cyprus last month while on bail awaiting extradition to the US on seven charges. He denies the allegations, which include five charges relating to …
The government is technically in default? "QT has almost been entirely offset by Janet Yellen running down the Treasury Savings Account. She could have sold 10 years for under 1%… instead she runs down the Treasury Savings Account." pic.twitter.com/BMcFE6gGKk — Financelot (@FinanceLancelot) June 1, 2023 TGA fell to $37 billion yesterday. If The TGA has …
Grassley & Comer To Wray: Provide The Unclassified Documents Or Face Contempt WASHINGTON – House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) and Senator Chuck Grassley (R-Iowa) today issued the following statements after their discussion with FBI Director Christopher Wray about producing to Congress the unclassified, FBI-generated record alleging a criminal scheme involving then-Vice President …
White House refuses to address the fact that today the majority of Americans believe the President himself is corrupt. pic.twitter.com/ly2a6uiIH5 — @amuse (@amuse) May 31, 2023 ‘Wow!’ Stunned John Kirby Stammers Out a Denial and Leaves Podium after White House Reporter Details Joe Biden Bribe Allegations and Whistleblower Charges, Asks About Majority of Americans …
WHITE HOUSE'S KIRBY: U.S. ANNOUNCING ADDITIONAL AID PACKAGE FOR UKRAINE No need to wait for the debt ceiling deal vote — zerohedge (@zerohedge) May 31, 2023 White House: “Horrible things will happen if the US Treasury runs out of cash”. Also WH: “We’re sending 1% of our remaining cash to Ukraine”. To know what people …
Wall Street Investors have officially abandoned the Housing Market. With Redfin reporting a colossal 49% crash in investor purchases in Q1 2023. This is the biggest annual decline on record. Even bigger than the drop that occurred in 2005 right before the last crash. pic.twitter.com/9GyHqzHCKl — Nick Gerli (@nickgerli1) May 31, 2023 2) Higher interest …
by Chris Black They also refused to sign the UN migrant pact. A reminder, governments don’t have to do as they are told by unelected organizations with a global agenda, in direct conflict with the citizens’ wishes. They may get fined by the UN though and they can leave the UN then and not pay.
by Chris Black Pakistan is a disaster waiting to happen, but Turkey deserves its own post for being geopolitically unique. Turkey’s central bank net reserve balance tumbled negative last week. A black market for currency has formed, reminiscent of Venezuela. Could see a scenario à la Venezuela since 2016 in Turkey over the next several …
by Chris Black Goldman Sachs’ online bank, Marcus, is the only large bank offering a competitive interest rate (https://www.bankrate.com/banking/money-market/rates/) on its savings accounts – over 400 times that being offered by JPMorgan Chase, Bank of America, and even Citibank. Marcus (https://www.marcus.com/us/en/savings/high-yield-savings) is the online banking platform offered by Goldman Sachs Bank USA – which is …
Guest Post by Ryan McMaken, Editor of the Mises Wire at Mises.org: Last week, Fox News aired a segment discussing the possibility that the US dollar will cease to be the global reserve currency and what that would mean for Americans. The tone of the piece suggested that a “catastrophic” decline of the US dollar was not …
Guest Post by Nick Giamburno at International Man: It’s been rightly said that “he who holds the gold makes the rules.” After World War 2, the US had the largest gold reserves in the world, by far. Along with winning the war, this let the US reconstruct the global monetary system around the dollar. …
Guest Post by Charles Hugh Smith at Oftwominds.com: This is how we’ll end up with severe shortages of truly skilled labor and high unemployment of those who lack the necessary skills. The labor force and the job market are referred to as if they were monolithic structures. But they’re not monolithic, they are complex aggregates of very different cohorts …
Guest Post by Michael Maharrey at SchiffGold.com: Could the commercial real estate market be the next thing to break in this bubble economy? The rampant money creation and zero percent interest rates during the COVID pandemic on top of three rounds of quantitative easing and more than a decade of artificially low interest rates in the wake …
RELAX everything’s going to be fine, if there was ANY chance of collapse all the “experts” on the main collapse subreddit would be all over this. /s via realclearmarkets: “In purely technical terms, all these together are betting heavily on lower interest rates all over the world in the not-too-distant future. As they’ve come to …
by Chris Black These are the biggest loans (a little bit different from QE though, as they must be repaid with interest >0 ) in the history of the Federal Reserve by the way. RT: US banks took out a combined $164.8 billion in loans from two Federal Reserve facilities over the past fortnihght, Fed …
by Chris Black I don’t know how to tell you that and how many time we will have to tell you that (stop reading fear-porn-selling retards like Snyder) but the stock market will never “crash” ever again. At most it will drop 10%, they will halt trading, printers will go brrr overnight and it will …