U.S. Wants Bankrupt Offshore Drillers To Pick Up The Tab For Abandoned Wells

By Tsvetana Paraskova The U.S. Department of the Interior is proposing a regulation that will not allow oil producers to avoid picking up their offshore well decommissioning tab when they go bankrupt, the acting director of the department’s Bureau of Ocean Energy Management (BOEM), Walter Cruickshank, told Bloomberg. The administration wants to implement stricter requirements for … Read more

Leaked files Expose $2.7 trillion Money Laundering by Big Banks

by Martin Armstrong The leaked files have revealed that about $US2.7 trillion in suspected dirty money moving through the global financial system. Because bankers are never prosecuted individually, they will do whatever they can without worry that they will ever be prosecuted and in the meantime, they get huge personal bonuses. If they get caught, the bank pays a … Read more

Warren Buffett Predicts Snowflake Stock Crash?

Warning: This Warren Buffett Indicator Predicts a Market Crash surprised investors by saying that Buffett did not buy stocks in the 2020 bear market. Berkshire Hathaway’s cash balance in fact rose to $137 billion at the end of Q1, from $128 billion at the end of 2019. Does this mean Warren Buffett expects another market … Read more

WallStreetBets is Reddit’s largest stock trading subreddit. I parsed over a million comments from the community over the past three years to track their sentiment. Here it is, displayed alongside the S&P 500.

by pdwp90   Background /r/WallStreetBets (WSB) is a community on Reddit where participants discuss stock and option trading. Every day, WallStreetBets has a “Tomorrow’s Moves” where community members talk about what trades they are planning on making the next trading day. Methodology I wrote a Python script to collect a sample of around 3,000 comments from … Read more

Trevor Milton resigns as CEO of Nikola Motors

An interesting turn of events: https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola He still holds 20% of the company shares. Put holders might make bank tomorrow. The official Nikola sub going to be in shambles and banning even more people.   h/t suckfail

A Deep Dive into Nikola’s FCEV Design and Price Model

by thri54 Hey everyone. I’m a mechanical engineering student with a hobby interest in finance. I’ve spent the last few days figuring out if Nikola’s leasing model is actually possible. There’s some really wacky stuff going on in Nikola’s presentations and financial projections, and I wanted to share my findings. ​ This is an absolute … Read more

The Fed Has Been Buying ETFs, Heres a List

Here’s how the big numbers break down. There have been flows of $150.1 billion into bond ETFs through August 31 (about $132 billion of that is U.S. funds). As of the end of August, however, the Fed had only bought $8.7 billion worth of such funds. ETF NAME FED HOLDINGS FED % OF MAY-AUG INFLOWS … Read more

What’s Behind the USDX Breakout?

by Przemyslaw Radomski, CFA So far, 2020 has been an incredible and challenging year for the many markets, and that does not exclude gold, arguably one of the most important and most valuable commodities in the world. The yellow metal’s price is influenced by a myriad of obvious and non-obvious short and long-term factors, such as … Read more

You think they’re panicking over #RBG ? Just wait till Roberts resigns soon…

https://twitter.com/An0n661/status/1307923970998575104?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1307923970998575104%7Ctwgr%5Eshare_3&ref_url=http%3A%2F%2Fwww.godlikeproductions.com%2Fforum1%2Fmessage4527444%2Fpg1 https://twitter.com/4EverAPatriot2/status/1307936000778280962?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1307936000778280962%7Ctwgr%5Eshare_3&ref_url=http%3A%2F%2Fwww.godlikeproductions.com%2Fforum1%2Fmessage4527444%2Fpg1   h/t JADR

Value, Margin Of Safety, & The Art Of Doing Nothing

by Lance Roberts Over the last several months, we have discussed the remarkable underperformance of value versus growth. While many investors quickly dismiss the performance gap under the guise of “this time is different,” it has important longer-term implications. In today’s missive, we want to discuss value, the margin of safety, and the real art of “doing nothing.”  … Read more

Bankers caught AGAIN working with criminals and money laundering…covering $2 trillion worth of transactions… including working with sanctioned Russians and Putin’s close friend

Some of the world’s biggest banks have been caught enabling trillions of dollars in money laundering to flourish under their watch, thousands of leaked government documents have revealed. The FinCEN Files, named after the US Treasury’s anti-fraud agency, have been shared by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). They claim to … Read more

Project Veritas EXPOSES Mitch McConnell’s Running Mate’s DIRTY Plan to Win Kentucky!

https://www.youtube.com/watch?v=DP2FuLA7BjA&list=WL&index=16 Cristina Laila from The Gateway Pundit reports, James O’Keefe strikes again! Project Veritas caught a campaign staffer for Amy McGrath, Mitch McConnell’s Democrat opponent in Kentucky, admitting she was told not to talk about policy in order to trick Trump supporters into voting for her. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2020/09/okeefe-strikes-staffer-dem-running-mitch-mcconnell-admits-campaign-deceives-trump-voters-kentucky-not-talking-specific-policy-video/

The U.S. Department of Justice today identified New York City, Portland & Seattle as jurisdictions that have permitted violence & destruction of property to persist & have refused to undertake reasonable measures to counteract criminal activities.

The U.S. Department of Justice today identified New York City, Portland & Seattle as jurisdictions that have permitted violence & destruction of property to persist & have refused to undertake reasonable measures to counteract criminal activities. #antifa https://t.co/NIaAWqHZRK — Andy Ngo (@MrAndyNgo) September 21, 2020 Department Of Justice Identifies New York City, Portland And Seattle … Read more

Rules for thee, but not for me (part 2!) — Pelosi says she attended mass in San Francisco church, despite city health order

After San Francisco’s archbishop called on the city to reopen churches for indoor Masses, House Speaker Nancy Pelosi said he should listen to the “science,” but admitted she had recently attended a church service in the city, possibly in violation of public health orders. “With all due respect to my archbishop, I think we should … Read more

REALITY IS COMING FOR ACADEMIA: State Auditor Tries To Fire Tenured Professor Who Participated In #ScholarStrike.

Following up on my previous post, #ScholarStrike: Professors Plan Strike For Racial Justice:  Clarion Ledger, State Auditor Investigating Ole Miss Professor Who Participated in Strike: State Auditor Shad White is pushing Ole Miss to fire one of its professors, James Thomas (@Insurgent_Prof), saying Thomas illegally participated in a two-day strike last week. White sent a letter to Ole Miss … Read more