Month: December 2022

British families are ‘eating PET FOOD’ and ‘heating meals on radiators and candles’ as households struggle amid cost-of-living crisis, charity warns

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The UK sheeple are getting exactly what they voted for. Coming soon to a globalist looting colony near you. A community worker with 20 years’ experience said people are being forced to eat pet food while others are heating their food on radiators due to the ongoing cost of living crisis. Mark Seed, who heads … Read more

Pelosi has sold another 20,000 shares of Visa, totaling ~$4M Back in 2008, Visa offered her husband a “VIP cut of the IPO” at $11/share. Since then, $V is up ~1900%

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Trading History: Bought pre IPO – 80K shares @ $11/shareBought 3/25/08 – 40K shares @ $16/shareBought 6/4/09 – 20K shares @ $21.50/shareSold 5/8/20 – ~$1M @ $185/shareSold 6/21/22 – ~$3M @ $194/shareSold 11/8/22 – ~$3M @ $201/share *all post stock split numbers — Nancy Pelosi Stock Tracker ♟ (@pelositracker) December 1, 2022

Switzerland, Facing an Unprecedented Power Shortage, Contemplates a Partial Ban on the Use of Electric Vehicles

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The Swiss Confederation usually imports electricity from France and Germany to keep the lights on over the winter, but this year neither country has any power to spare. Many French nuclear power plants are down after years of postponed maintenance, while in Germany we suffer from a superfluity of idle wind turbines and a (self-imposed) … Read more

Federal Reserve Alert! Vice Chair for Supervision Michael S. Barr in speech: “We are currently evaluating whether the supervisory stress test that is used to set capital requirements for large banks reflects an appropriately wide range of risks.”

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Source: https://www.federalreserve.gov/newsevents/speech/barr20221201a.htm In my first speech as Vice Chair for Supervision in September, I said that the Federal Reserve Board would soon engage in a holistic review of capital standards. My argument, then and now, is that our review of regulatory policy must be a periodic feature of bank oversight. Banking and the financial system continuously … Read more

“Baal-enci-aga” Literally Means “Baal The King”

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by Michael This rabbit hole just keeps on getting even deeper.  Earlier today, I was contacted by two individuals that had heard about another twist on the Balenciaga controversy.  As I detailed earlier this week, extremely disturbing Balenciaga photographs that prominently feature children are causing a tremendous uproar all over the globe.  The fashion house is … Read more

Money Supply Growth In October Fell To A 39-Month Low: A Recession Is Now Almost Guaranteed

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by Ryan McMaken of Mises Institute Money supply growth fell again in October, dropping to a thirty-nine-month low. October’s drop continues a steep downward trend from the unprecedented highs experienced during the thirteen months between April 2020 and April 2021. During that period, money supply growth in the United States often climbed above 35 percent year over year, … Read more

Blackstone limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge of redemption requests

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by silvertomars Closing the gates and leaving investors with illiquid positions they can’t redeem. Investors fear Blackstone has been slow to mark down valuations. Asset panic leading to liquidity problems, hmm. I do believe I have seen this before. https://www.reuters.com/business/finance/blackstone-limits-redemptions-69-billion-reit-2022-12-01/ Blackstone Real Estate Income Trust (BREIT) is a real estate investment trust that invests in … Read more

California reparations committee will recommend handing out $223,200 to descendant of slaves (and this will be funded how?)

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Gavin Newsom’s reparations committee will recommend handing out $223,200 per person to all descendants of slaves in California for ‘housing discrimination’ at a cost of $559BN – in nation’s biggest restitution effort ever A task force was set up in California to make proposals for slavery reparations Descendants of slaves in California could receive $223,200 each, … Read more

Home builders don’t typically throw incentives at buyers already in backlog, but it’s happening now.

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Ton of homes in backlog waiting to close still due to stretched build cycles. Construction costs have yet to decline and lion's share of homes in backlog reflect still elevated build costs, but now having to adjust lower on implied average sales price, thus margin squeeze. — Rick Palacios Jr. (@RickPalaciosJr) November 30, 2022 US … Read more

Housing Bubble 2.0 is bursting. Cue the next Great Financial Crisis in 3-2-1

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This is the fifth consecutive month of of month-over-month declines, and pending home sales have now fallen in 11 of the last 12 months.https://t.co/895uWSQ2Hd — HousingWire (@HousingWire) November 30, 2022 First-time homebuyers priced out by speculators and corporate “investors” flush with unlimited Yellen Bux to blow on houses – knowing the Fed & middle class … Read more

$1.3 trillion has been wiped from the crypto market so far this year…. Another day, another crypto scam!

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$1.3 trillion has been wiped from the crypto market so far this year. Tech: hold my beer. pic.twitter.com/UqbpOlxRBT — Genevieve Roch-Decter, CFA (@GRDecter) December 1, 2022 Another day, another crypto scam! This time, 21 people have been charged for participating in a global money laundering scheme that had an estimated annual flow of over $300 million. … Read more

CREDIT SUISSE is the next Bear Stearns?

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CREDIT SUISSE IS EXAMINING WAYS TO ACCELERATE COST CUTS AS REVENUE OUTLOOK DETERIORATES, LIKELY TO INCLUDE MORE JOBS THAN PREVIOUSLY ANNOUNCED FOR FIRST WAVE – SOURCES. $CS — FinancialJuice Stocks (@FJ_Stocks) December 1, 2022 Meanwhile credit suisse… pic.twitter.com/AXJEFn07Am — Alessio (@AlessioTMAD) December 1, 2022 Seeing the Credit Suisse rumors. Reminds me of Bear Stearns early … Read more

Will You Try Elon’s Brain Chip?

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by Chris Black This is it, boys. Once the human race steps through this threshold there is no going back. Nothing but a future of complete subservience is ahead of us. Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, … Read more