Biden/Harris Replicates Reagan’s Soviet Bankruptcy Strategy IN REVERSE, US Debt Stands At $36 TRILLION With $220.3 TRILLION In Unfunded Liabilities (Too Bad Total US Assets Are Only $217 TRILLON)

by confoundedinterest17 I just watched Dennis Quaid in “Reagan”. Excellent film. But it reminded me of how Reagan sank the Soviet Union: by outspending the Soviet Union on the arms race. It worked! The Soviet Union, hamstrung by grossly inefficent central planning, couldn’t keep up and collapsed under President George H.W.Bush. Fast forward to today. …

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Total Destruction at Awda Oil Field Amid Turkish Airstrikes; Russia’s Support for Houthi Attacks Raises Alarm

The recent airstrikes by Turkish warplanes have led to total destruction at the Awda oil field located in the northeastern Syrian province of al-Hasakah, near Al-Qamishli. These targeted strikes were aimed at energy facilities and have resulted in significant damage, rendering several installations inoperable. Tragically, civilian casualties have also been reported, highlighting the humanitarian impact …

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Total Credit Card Debt hits new ATH of $1.14 Trillion!

U.S. consumers collectively owe a record $1.14 trillion in credit card debt, figures released Tuesday by the Federal Reserve Bank of New York show. That’s $27 billion more than the $1.13 trillion in credit card debt they carried during the second quarter of 2024. The high tally comes amid concerns of an economic downturn triggered …

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The housing market is a total sh*t show.

The Fed rate cut of 50 basis points has actually resulted in a significant rise in Mortgage rates. Current average 30 year mortgage rate is 6.7 %. Home Prices are double from Pre Pandemic levels in many areas. Mortgage interest rates are double from Pre Pandemic levels. Prices would need to drop by 60 – …

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Citigroup Sounds The Alarm On TOTAL Economic Collapse, Chase Bank Warning

https://www.youtube.com/watch?v=FI5Dw6Ya8KM As we end 2024, the ominous tune of a banking collapse looms large over the once-mighty Citigroup. From its inception in the late 20th century, where it pioneered modern banking services, automatic teller machines, and credit card offerings, Citigroup has witnessed a relentless downward spiral since the housing crisis and financial meltdown of 2008. …

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Core CPI inflation is now at 3.3% and rising for the first time in 18 months. CPI shows 2.4% total due to energy drop, but services remain sticky at 4.7%.

“While September CPI inflation is at 2.4%, inflation is much higher in many basic necessities: 1. Car Insurance Inflation: 16.3% 2. Transportation Inflation: 8.5% 3. Homeowner Inflation: 4.9% 4. Car Repair Inflation: 4.9% 5. Rent Inflation: 4.8% 6. Hospital Services Inflation: 4.5% 7. Food Away From Home Inflation: 3.9% 8. Electricity Inflation: 3.7% Core CPI …

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Hillary says with out censoring freedom of speech “WE” lose TOTAL CONTROL.

Hillary Clinton Says the Quiet Part Out Loud, Calls For Mass Censorship of American Citizens Or “We Lose Total Control” (VIDEO) Hillary Clinton Twice-failed presidential hopeful Hillary Clinton said the quiet part out loud during an appearance on CNN on Saturday. Hillary Clinton appeared on CNN to discuss social media regulations. Clinton said social media …

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These added 120k voters with no citizenship proof brings the total to 218k which is certainly enough to sway the state in the general election. This scandal needs to be addressed now!

Hey @KariLake please address this, clearly Katie Hobbs won’t as she got elected by cheating. These added 120k voters with no citizenship proof brings the total to 218k which is certainly enough to sway the state in the general election. This scandal needs to be addressed now! pic.twitter.com/3TzzvYgYhL — Paul A. Szypula 🇺🇸 (@Bubblebathgirl) October …

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Experts warn of rising prices and empty shelves as dockworkers strike for an 80% raise, demanding a total ban on automation of cranes, gates, and container-moving trucks.

Experts warn store prices will soar and shelves will be empty as greedy dockworkers strike over 80% pay raise. A lengthy shutdown of 36 ports – which handle half of America’s cargo from ships – could raise cause shortages and price increases at big and small retailers alike as the holiday shopping season approaches. Walmart, …

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A total of 468 seats in the U.S. Congress (33 Senate seats and all 435 House seats) are up for election on November 5, 2024.

United States Congress elections, 2024 Election Date November 5, 2024 A total of 468 seats in the U.S. Congress (33 Senate seats and all 435 House seats) are up for election on November 5, 2024. Ahead of the elections, Republicans hold a majority in the U.S. House, while Democrats and independents who caucus with Democrats …

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FED Rate Cut: Last-Ditch Effort Before Total System Failure

📖 CHAPTERS: 00:00 – The Brewing Economic Storm 00:38 – The Illusion of Rate Cuts 01:15 – Affordability Crisis: Then vs. Now 02:28 – The Dollar’s Shrinking Power 03:47 – The Hidden Costs of Inflation 04:59 – Credit Card Debt & Government Spending 07:05 – The Federal Reserve’s Contradictions 08:12 – Gold: The Key to …

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As of March 31, 2024, three of the largest U.S. banks had a combined total of $1.832 trillion in loans outstanding to giant Hedge Funds.

  By Pam Martens and Russ Martens: September 3, 2024 ~ The Office of Financial Research (OFR), the federal agency created after the 2008 financial collapse on Wall Street to defog the lenses of federal regulators to prevent a replay of that disaster, has posted frightening graphs on its website as part of its “Hedge Fund …

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Hey Big Spender! US Gov’t Pays $3 BILLION In Interest Per Day (Federal Unfunded Liabilities At $219 Trillion While Total US Assets At $213 Trillion)

by confoundedinterest17 Hey Big Spender! (Federal Government). The US government now pays out on average $3bn in interest expenses per day…If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3bn per day to $2.5bn per day. Even worse, unfunded Federal liabilities total …

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US Unfunded Liabilities Total $217.63 Trillion While TOTAL US National Assets Equal Only $210 Trillion (National Debt Equals $35 Trillion And Growing Awfully Fast!) Unfunded Liabilities 6.23X National Debt!

by confoundedinterest17 This scene from the film “McCabe and Mrs. Miller” sums up our political plight quite nicley. Politicians spend like crazy to stay in power (Biden/Harris) are excellent examples). Politicians promises endless money, then shoot the economy. The US is broke and relies on printing money and boowed funds to stay afloat. Harris wants to …

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Is The World Souring On US Treasuries And The Fed? Biden/Congress Out Of Control Spending Is A Disaster (UNFUNDED Entitlements Promised By Federal Government Larger Than Total National Assets!)

by confoundedinterest17 Here is a chart of Non-commerciak net positions for US Treasuries, currently showing more bailing out of Treasury positions. Has the world sours on DC’s fiscal train wreck and The Fed? Of course, budget deficits are a disaster with Biden/Congress spending like drunken sailors in port and showing no signs of letting up. …

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Retail traders make up 18.8% of the total options activity, approaching a record –JPM

Retail traders make up 18.8% of the total options activity, approaching a record –JPM pic.twitter.com/5NH1BeXjy1 — Gunjan Banerji (@GunjanJS) July 11, 2024 Net bullish positioning in equity futures among asset managers and leveraged funds has touched the highest level in a decade –JPMorgan pic.twitter.com/9u1OisdWtL — Gunjan Banerji (@GunjanJS) July 10, 2024

Speculative positioning in US equity index futures is at all-time highs. Total Put/Call Ratio drops to the lowest level since August 2015

Speculative positioning in US equity index futures is at all-time highs 🚨 https://t.co/TanGdixabv pic.twitter.com/VUXve06IL3 — Markets & Mayhem (@Mayhem4Markets) July 8, 2024 Asset Managers’ exposure to US equity futures hits a record high. https://twitter.com/Barchart/status/1810467469879857513 Concentration concern: the 3-month correlation between the S&P 500 and the # of stocks advancing has fallen below the dot-com bubble …

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Gaming layoffs already top 2023’s total — and It’s only July… Bay Area tech layoff totals jump to worst pace in more than a year

2024 has already exceeded last year’s gaming layoffs — and at twice the pace More developers are pessimistic on the market and see a lack of understanding from investors as the biggest culprit Live services are integral to bottom lines and have informed recent M&A deals, but they come with unrealistic expectations The first quarter …

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Housing supply is starting to build, leading to the cooling effect on prices. Total active listings are now 35% higher than they were a year ago

Supply is starting to build, which is leading to the cooling in prices. Total active listings are now 35% higher than they were at this time a year ago, according to Realtor.com. To put that in perspective, however, even after the recent growth, inventory is still down more than 30% from typical pre-pandemic levels. “Some …

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Germany unemployment rate ticked up to 6%, total unemployed at 2.78mm

In June 2024, Germany’s seasonally adjusted unemployment rate rose to 6%, marking the highest rate since May 2021. The number of jobless individuals increased by 19,000, bringing the total unemployed to 2.78 million. This represents the 18th consecutive monthly increase in unemployment. A 6% unemployment rate can be considered relatively high, especially for a country like Germany. Germany unemployment rate ticked up to 6%, total …

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CNN panel in total meltdown. ‘That was painful to watch’… ‘We just witnessed the end of Joe Biden’s presidency.’

‘We just witnessed the end of Joe Biden’s presidency.’ Millions just witnessed the end of a presidency live on television. Joe Biden’s performance during the debate was embarrassing. Whenever CNN put him up on the split screen, he had a thousand-yard stare. He didn’t look old. He looked ancient. He looked empty. Kamala has no shot vs Trump.

Biden cancels $8B in student loans for 160,000 borrowers, total now $167B.

WASHINGTON (AP) — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student …

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