A hub for independent voices and signals
Great strides have been made in technology and artificial intelligence, making humanoid robots seem like a not-so-distant reality. In a recent episode of Opening Bid, Citi Global Insights analysts Rob Garlick and Wenyan Fei discussed their research on the advancement …
Authored by Charles Hugh-Smith via oftwominds, There is no way to cut federal spending without reconfiguring the economy from the ground up, starting with healthcare. The words “government” and “efficiency” are rarely found in each other’s company, because efficiency isn’t …
At the current pace, US debt could hit $40 trillion within the next 2 years. Calls for major spending cuts are growing, but not being acted on yet. We are on an unsustainable fiscal path. Follow us @KobeissiLetter for real …
Here we go! 1. Ghost Workers 👻 We are spending $15.7 billion a year on underutilized buildings. Many are vacant! Bureaucrats refuse to show up to work, so why are we paying for empty buildings? — Joni Ernst (@SenJoniErnst) November 25, …
Christopher Whalen, Chairman of Whalen Global Advisors, discusses the banking sector, Bitcoin, gold, stocks, outlook for interest rates, and the future of the economy under a “3-3-3” Scott Bessent policy.
by James Hickman Andrew Jackson was never supposed to be President. When he entered the presidential race in 1828, most of the ‘experts’ viewed him as a joke candidate with no chance of victory. Party insiders assumed that, at most, …
by confoundedinterest17 Meet the new boss, same as the old boss. We did get fooled again! The problem with the national debt can’t be fixed with Mitch McConnell still in the Senate and too many Obama-era political hacks still in …
The United Nations is seeking to extort trillions of dollars from what’s left of the American middle class under the guise of “climate change,” and House Republicans seem to be embracing the climate scam despite Trump’s victory, explains international journalist …
If we don’t tackle the national debt, all tax revenue will go to paying interest and there will be nothing left for anything else https://t.co/BakfL5lbdE — Elon Musk (@elonmusk) November 18, 2024 DOGE won't be able to cut enough to …
Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances rose by $24 billion in the third quarter of …
It's either going to work or it's not. Here is the alternative https://t.co/cHZA2wHnPB pic.twitter.com/LMEI4tISZL — zerohedge (@zerohedge) November 13, 2024 US Deficit Explodes: Blowout October According to the latest Treasury data released today, in the first month of fiscal 2025 …
I’m finally coming around. #Bitcoin fixes Social Security. I’ve got the plan: The Social Security Trust Fund now owns about $2.7 trillion in Treasuries. It should sell all of those Treasuries and buy Bitcoin. This buying will surely send Bitcoin …
Is there era of massive government “stimulus” finally over? Bonds are certain it is. The Chinese are doing their best to make sure that’s the result, in large part because they don’t know what to do. That much is becoming …
BREAKING: 🇨🇳 China announced a $1.4 TRILLION debt bailout and is working on more measures to boost the economy. pic.twitter.com/VP3iNzn2rl — Radar 𝘸 Archie🚨 (@RadarHits) November 8, 2024 BEIJING — China on Friday announced the central government would allocate an …
Musk wants to SLASH $2 TRILLION from Harris / Biden budget.. Department of Government Efficiency Day 1.. pic.twitter.com/lDVEP1b9LG — Chuck Callesto (@ChuckCallesto) October 29, 2024
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 …
Elon Musk claimed he can eliminate at least $2 trillion from the federal budget, laying out his vision for substantial government spending cuts if Donald Trump wins the presidency. “Your money is being wasted,” Musk said Sunday at a rally …
The International Monetary Fund warned Wednesday that the public debt situation worldwide could be more dire than most think, highlighting skyrocketing fiscal deficits in the U.S. and China. Global public debt will rise above $100 trillion by the end of …
by James Hickman The corpse of King Louis XV was still warm when his son and successor, 19-year old Louis XVI, started cleaning the royal house. French finances were an absolute mess. The country was almost hopelessly bankrupt after decades …
US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record WASHINGTON, Oct 18 (Reuters) – The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal …
by confoundedinterest17 Tennessee Ernie Ford sang it best. $36 tons of debt. Another day older and deeper in debt. Notice virually no political candidate will acknowledge or discuss. The federal government spent $1.8 trillion more than it collected in tax revenue in …
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 …
https://www.usdebtclock.org/index.html?taxpayer Such a large amount of debt makes the future look bleak. Is it even possible to pay this debt off? h/t Gullible_Guard_8247
BlackRock’s assets hit record $11.5 trillion amid private market push Oct 11 (Reuters) – BlackRock’s (BLK.N), opens new tab assets under management hit a record high for the third straight quarter as a U.S. stock market rally boosted inflows, while …
Nvidia shares closed at a record on Monday as Wall Street gears up for earnings season and updates from all of the chipmaker’s top customers on their planned spending on artificial intelligence infrastructure. The stock climbed 2.4% to close at …
Global money supply has hit an all-time high of $107 trillion!@dailychartbook pic.twitter.com/6cOITl9Gt0 — Longview Economics (@Lvieweconomics) October 10, 2024
The recent data from SEC Form PF reveals a staggering reality: prime brokerage borrowing has eclipsed $2 trillion, raising alarm bells within the financial industry. While leveraging investments through borrowing is a common practice, it is crucial to recognize the …
This year’s spending to elect a president and members of Congress will hit at least $15.9 billion – putting 2024 on track to become the nation’s most expensive federal election, according to a new analysis from OpenSecrets, a nonpartisan organization …
With savings rates at near-record lows, you have the perfect storm. ⛈️ https://t.co/3h3h5vXzaP pic.twitter.com/ng2y457iqa — The Great Martis (@great_martis) October 8, 2024 They’ve maxed out their balances. There’s no more pretend money to spend. Credit Card Spending Tanked in August; …
by confoundedinterest17 The Presidential and Vice Presidential debates thus far feature weak moderators asking lame questions. For example, there are still 97 hostages stll held by Hamas and what would the candidates do to get them released? (Hint: Trump/Vance would have sensible …