IRS chief asks Congress for authority and resources to regulate cryptocurrencies

  Internal Revenue Service Commissioner Charles Rettig on Tuesday asked Congress for new authority and resources in order to regulate cryptocurrencies for better tax collection and to avoid frauds and scams. Rettig asked for the new measures during a Senate Finance hearing Tuesday to examine President Joe Biden‘s 2022 budget proposal, which calls for $41 million to expand … Read more

The Great Housing Bust of 2021-22 with John Rubino

from Kerry Lutz’s Financial Survival Network A housing bust is on the way. John Rubino’s builder had an amazing story to tell. 6-12 months ago he was doing record business. Half of his customers have put their project on hold. He’s working just as hard re-pricing projects and passing on the bad news to his buyers. Housing prices … Read more

The Fed’s Reverse Repo Madness

by Dave Kranzler of Investment Research Dynamics Let me translate – We at The Fed have to pretend that we might one day stop QE, but we know in truth that that we can’t. The last time we tried tapping our foot lightly on the brake we blew up the markets. We are trapped. We know it. You … Read more

GOP Senators Demand Answers for 2020 Riots

A group of Republican senators sent a letter Monday to Attorney General Merrick Garland demanding answers regarding punishments for those who stormed the Capitol on Jan. 6 and those who rioted over the spring and summer of 2020. The Daily Caller first obtained the letter, which was sent to the Department of Justice (DOJ) by … Read more

Surprise? Citi Inflation Surprise Index Hits All-time High (Used Car Prices Rise 48.2% YoY)

by confoundedinterest17 With The Federal Reserve going where no central bank has gone before and the Biden Administration and Congress spending like spoiled children, it is no surprise that Citi’s Inflation Surprise Index is off the charts and at its highest reading since its inception. Used car value index (according to Manheim) is up 48.2% YoY. … Read more

You Won’t BELIEVE How Chris Cuomo is Trying to Spin the Cyberattack Narrative on US Companies

https://www.youtube.com/watch?v=hzdcclwIPY0 Alex Christy from NewsBusters reports, With Donald Trump out of office, Chris Cuomo needs a new villain to blame everything on. On Friday’s Cuomo Prime Time, he settled on Senate Minority Leader Mitch McConnell, blaming him for a series of recent cyberattacks.He would later add that viewers should be grateful for our news media. … Read more

Major Drought Creating Food Shortages? Traders Bet on $100 Oil as Commodities Soar!

Price inflation has pick up dramatically. Food prices, lumber, house prices are rising significantly as we see the inflation at this time. More money, cash, debt, entering the system. There is an influx of capital going into the stock market from institutions, money managers, corporations, individual retail investors, all directions. Very low interest rates, mortgage … Read more

Senate to Approve $54 Billion for Computer Chipmakers That Spend Millions on Lobbying

The Democrat-led Senate is poised to approve as early as Tuesday a China security bill that will earmark billions in taxpayer subsidies to the well-heeled computer chip-making industry, which saw record profits last year and doled out millions in lobbying fees and political donations. The $54 billion in subsidies for chipmakers inside the 1,445-page U.S. … Read more

NYC Law Department’s Computer System Hit by Cyberattack

Hackers breached the New York City Law Department’s computer system over the weekend, prompting the city to limit access to the network as it investigates the cyberattack, officials said Monday. The city’s Cyber Command, which monitors more than 100 government agencies and offices, first detected the breach on Saturday, according to Laura Feyer, a spokeswoman for City Hall. … Read more