Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed. Bloomberg reports that last month, Silicon Valley Bank failed as a result of a $42 billion bank run from investors and depositors. The bank’s internal problems have come … Read more
Originally posted on inflationeducation.net: The 2nd and 3rd biggest US bank failures of all time just happened, and there’s more fireworks to come. This is the predictable result of our centrally managed economy, where the Fed suppresses interest rates causing wild speculation, only to jack them up to combat the inflation they caused. Boom, bubble, bust. Wash, … Read more
by Chris Black Outrage porn is very tempting and very crunchy and consumable, but at the end of the day, the conclusion here is still “vote harder next time.” Even the most “out there” Con, Inc. personalities who come closest to admitting the gov’t is illegitimate still just say “vote harder.” It should be pretty … Read more
Uganda is passing a law banning homosexuality, the White House does not approve. pic.twitter.com/W2Pxcd6S1V — Ian Miles Cheong (@ianmiles) March 22, 2023 PMJT condemns Uganda in the "absolute strongest terms" over their new legislation known as the Anti-Homosexuality Act. Calls for all world leaders, particularly Commonwealth countries, to condemn as well. pic.twitter.com/RF03BpGOHx — Efrain Flores … Read more
by Chris Black What they really do is use massive loans to corner the used car market, thus driving up prices and making it impossible to purchase a car anywhere else. Carvana and the other publicly traded vultures are the real reason why used cars doubled in price over the last three years. Why exactly … Read more
by mark000 A month where: 1) It becomes totally apparent we are in recession and have been for months and after a mild start it’s now worsening fast 2) Multiple Markets crash: Stocks Energy & Commodities Most currencies v USD Corporate bond prices UST yields 3) An actual global Financial System crisis occurs, one that … Read more
by Michael They actually did it. The Federal Reserve just raised interest rates by another 25 basis points right in the middle of a major banking crisis. I honestly do not understand what Fed officials are thinking. They had already blown a 620 billion dollar black hole in the balance sheets of U.S. banks by … Read more
https://twitter.com/_/status/1638497723589558272 https://twitter.com/_/status/1638497713313525760 h/t MonkeyWrangler
by Chris Black This country is going to Hell. 7 year olds dude… And yet Republicans in the Senate will just keep shoveling money at our woke Pentagon. Pentagon doctors claim 7-year-olds can make decisions to be injected with hormones, puberty suppressants | Fox News https://t.co/5IGHGhxVBS — Laura Ingraham (@IngrahamAngle) March 22, 2023 via Foxnews: … Read more
Now combined with Siri, Alexa, and Google’s AI programs – a majority of humanity may longer have to think. Will a majority of humans be rendered useless? AC
2018 Letter from Michael Cohen’s lawyer to the FEC declares Cohen used his own personal funds to pay Stormy Daniels. Trump Camp was NOT party to the transaction and did NOT reimburse Cohen for payment. pic.twitter.com/fx7JxC5I8l — Charlie Kirk (@charliekirk11) March 22, 2023 pic.twitter.com/SVIFIU9tky — Flopop (@florintruth) March 22, 2023 h/t Coorslightly
Historical decision today as the Swedish Parliament votes yes to 🇸🇪 NATO-membership. Sweden will be safer and more secure and we will be a security provider to the alliance. @NATO pic.twitter.com/jZepTdjjGv — Tobias Billström (@TobiasBillstrom) March 22, 2023
#UBS may back out of Credit Suisse deal. They have too much toxic short positions would be my guess… Things gonna get spicy real fast pic.twitter.com/Tvjk04pC9N — Jack Straw (@JackStr42679640) March 22, 2023 via Reuters: UBS is set to enter talks with Michael Klein to terminate a deal that would have seen the Wall Street … Read more
Gold prices have more room to rise and could go as high as $2,600 per ounce. Investors have been turning to gold and Treasurys after the collapse of Silicon Valley Bank and Credit Suisse’s struggles. Gold’s all-time high was $2,075 in August 2020, according to Refinitiv data. Gold prices have more room to run as … Read more
Medvedev: "Has the threat of nuclear conflict passed? No, it has not passed! It has increased." https://t.co/80jte8ASvW — Citizen Free Press (@CitizenFreePres) March 22, 2023
by Dismal-Jellyfish Source: https://www.financialresearch.gov/the-ofr-blog/2023/03/22/digital-currency-may-increase-uousehold-welfare/ According to a recent working paper published by the Office of Financial Research, banking-sector stability may suffer, yet household welfare may improve should a digital currency be fully integrated into the financial system. In Digital Currency and Banking-Sector Stability, the authors modeled a financial sector where digital currencies coexist with bank deposits, and … Read more
#BREAKING | Hezbollah Secretary-General Sayyed Hassan Nasrallah: There is a consensus that improving the living conditions in #Lebanon is linked to improving the economy, and #China is ready to provide assistance in this regard. pic.twitter.com/FIu1GN24fO — Al Mayadeen English (@MayadeenEnglish) March 22, 2023
Texas Senator Introduces Bill to Ban Fed Reserve From Adopting a CBDC https://t.co/ojnLG5cmeK via @WatcherGuru — Tara Fairweather (@TaraFair45) March 22, 2023 Texas Senator Ted Cruz introduces a bill to ban the FED from adopting a central bank digital currency (CBDC).#Cryptocurrency #Bitcoin #Blockchainhttps://t.co/TATINZEp78 — Trader News (@TraderverseNews) March 22, 2023
Ford will begin reporting its financial results by business unit, instead of by region, and will release revised results that will show how the new business units would have performed in 2021 and 2022. The changes amount to the most detailed look yet by any legacy automaker into the finances behind the EV business. Wall … Read more
🚨🚨🚨House Admin Chairman @RepBryanSteil, Judiciary Chairman @Jim_Jordan , and House Oversight Chairman @RepJamesComer sent a letter to Manhattan DA Alvin Bragg demanding communications, documents & testimony relating to Bragg's unprecedented abuse of prosecutorial authority. pic.twitter.com/jW3RklvHWu — House Admin. Committee GOP (@HouseAdmin) March 20, 2023 “Manhattan District Attorney Alvin Bragg faces a Thursday deadline to come forward … Read more
‘Already past the point of no return’: JP Morgan says the US is probably headed for a recession as economic ‘engines are about to turn off’ Aseries of banking crises this month headlined by the failure of Silicon Valley Bank has forced analysts from multiple banks including JPMorgan Chase to rewrite their recession forecasts from … Read more
by jessefelder “By far the best economic predictor I’ve ever met is the inside of the stock market.” –Stan Druckenmiller If you have been watching the “inside of the stock market” over the past six months or so, you’ve been able to see the increasingly popular “soft landing” narrative regarding the direction of the economy … Read more
The car market crisis is far more complex than people realize. With car prices crashing down, some would assume that the cost of auto payments would go down too, but the exact opposite is happening right now. Buyers are seeing the value of their vehicles plummeting while they’re stuck with some of the most expensive … Read more
by polloponzi Links to graphs: https://fred.stlouisfed.org/series/A091RC1Q027SBEA https://fred.stlouisfed.org/series/GFDEBTN