Month: January 2023

Federal bank regulatory agencies today issued a statement highlighting key risks for banking organizations associated with crypto-assets and the crypto-asset sector and describing the agencies’ approaches to supervision in this area.

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Source: https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230103a1.pdf Federal bank regulatory agencies today issued a statement highlighting key risks for banking organizations associated with crypto-assets and the crypto-asset sector and describing the agencies’ approaches to supervision in this area. In particular, the statement describes several key risks associated with crypto-assets and the crypto-asset sector, as demonstrated by the significant volatility and vulnerabilities … Read more

U.S. Economic Calendar Alert! Dates for the 2023 CPI Releases and FOMC Meetings

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by Dismal-Jellyfish 2023 CPI schedule Reference Month Release Date Release Time (ET) December 2022 1/12/2023 8:30am January 2023 2/14/2023 8:30am February 2023 3/14/2023 8:30am March 2023 4/12/2023 8:30am April 2023 5/10/2023 8:30am May 2023 6/13/2023 8:30am June 2023 7/12/2023 8:30am July 2023 8/10/2023 8:30am August 2023 9/13/2023 8:30am September 2023 10/12/2023 8:30am October 2023 11/14/2023 … Read more

If you can’t report in a timely fashion, then don’t do it. What if I told the IRS it would take 50 years to calculate my taxes? Jail would happen.

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by Dismal-Jellyfish Commodity Futures Trading Comission (CFTC) Alert! Swap Data Recordkeeping and Reporting Requirements (OMB Control No. 3038-0096). This is a request for extension of a currently approved information collection. They estimate it takes 1,460,357 hours for 1,732 folks to get swap reporting together… https://public-inspection.federalregister.gov/2022-28548.pdf   https://public-inspection.federalregister.gov/2022-28548.pdf

A PRECEDENT WE SHOULD FOLLOW: India set an ‘incredibly important precedent’ by banning TikTok, FCC Commissioner says.

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India set an “incredibly important precedent” by banning TikTok two and a half years ago, FCC commissioner Brendan Carr said as he projected a similar fate for the Chinese giant ByteDance app in the U.S. Carr warned that TikTok “operates as a sophisticated surveillance tool” and told the Indian daily Economic Times that banning the social … Read more

STATUS OF US DOLLAR AS GLOBAL RESERVE CURRENCY: USD EXCHANGE RATES HIT FOREIGN EXCHANGE RESERVES

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The last three years were complicated for the dominant reserve currency. At first there was the Fed’s $5-trillion money-printing orgy and interest-rate repression. Then there was raging inflation, which the Fed brushed off as “transitory.” Through this period, the dollar fell against other currencies. But then the Fed got religion and began to tighten: since … Read more

Scott Adams, Creator of Dilbert, Threatens Legal Action Against Ben Garrison Over Political Cartoon of Scott

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If you believed those claims, see the pandemic link in my profile to correct. — Scott Adams (@ScottAdamsSays) January 2, 2023 You’re an idiot. No one lets this go. — Scott Adams (@ScottAdamsSays) January 2, 2023 Timestamp: 33:49 (“…I’m going to beat the sh*t out of him, I mean not physically, l abhor violence, but … Read more

Doctor discussing vax blood clots on live T.V. gets cut off to switch to weather report…

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It’s ITV in the U.K., about as gross as BBC or CNN Doctor starts explaining the #COVID #VACCINE induced blood clots, so they interrupt her mid speech and tell her they have to switch to the weather channel, because obviously that’s way more important🤔🧐 pic.twitter.com/HhJdnOavBi — Kevin – WE THE PEOPLE🦁 (@bambkb) December 26, 2022 … Read more

Young People Too Mentally Ill to Work

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by Chris Black While it’s perfectly understandable that they are too mentally ill to work, let’s hope they’re not too mentally ill to go fight Russia in a world war. Because that is something they will need to do. Mental health issues are keeping Britain’s workers out of work at record levels at a time … Read more

Anyone who criticized him was called a “conspiracy theorist” and “anti-government.”

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LIKE HOOVER, THOUGH, HE WAS PROPPED UP BY THE MEDIA FOR HIS ENTIRE CAREER: The papers are now asking themselves: was Fauci the J Edgar Hoover of medicine? Bureaucracy and science have different priorities. — wretchardthecat (@wretchardthecat) January 2, 2023 THE NEXT CONGRESS SHOULD ZERO OUT HIS ENTIRE OFFICE: If Fauci Was so Important, Why Is His Former … Read more

The US Government has set up outposts near the UC Medical Center where Damar Hamlin is currently in critical condition.

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We’re currently on-site and will provide continuing updates all through the night. — Nick Sortor (@nicksortor) January 3, 2023 According to police, federal agents are posted up in “routine manner” in a “distant radius from the medical center” in response to crowds surrounding the hospital tonight and “tumultuous social media trends.” There is NO imminent … Read more

US Housing Leading Growth Index Slumps To Lowest Since 1982 And 2008 Recessions (Fed Pivot Coming?)

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by confoundedinterest17 As we begin 2023 (and I am still bummed-out over Ohio State University losing a nail-bitter to Georgia in the Peach Bowl), we need to look at the condition of one of the most important sectors of the US economy.\, housing. If we look at the US Housing Leading Growth index (courtesy of RecessionAlert.com) … Read more

The next wave lower in the stock market comes from…

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https://twitter.com/leadlagreport/status/1610290890076979200 In November, existing home sales fell for a 10th straight month, the longest streak in National Association of Realtors data that goes back to 1999. — unusual_whales (@unusual_whales) January 3, 2023 US Housing Leading Growth Index Slumps To Lowest Since 1982 And 2008 Recessions (Fed Pivot Coming?) If we look at the US Housing … Read more