Month: May 2023

Major Credit Card Changes Coming

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"Given that #consumerspending makes up roughly 70% of the #GDP calculation, that 35% decline in consumer spending is significant. Combine that with rising #creditcard delinquencies, and you can understand our concern about economic growth going forward."https://t.co/s9oIo7uP17 pic.twitter.com/K15saKciEo — Lance Roberts (@LanceRoberts) April 29, 2023

All this administration does is make up numbers on the spot. They even insist border crossings are down 90%.

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by EuphoricTrilby We shut down the economy and we’re counting reopenings as jobs created Also, if the unemployment benefits expired, it counts as a new job, regardless if that person actually went back to work. BIDEN: "I cut the debt by $1.7 trillion." No, Biden did not "cut" the $31+ trillion national debt. He increased … Read more

Update CBDC ban in Florida and North Carolina

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This week has seen votes in favor of two state bills from Florida and North Carolina that aim to restrict the use of a federal digital dollar or central bank digital currency (CBDC). The Florida approach is more far reaching, changing the legal definition of money to exclude a CBDC. https://www.ledgerinsights.com/cbdc-ban-florida-north-carolina/   AC

The Borg Identity! US Bank-Run Escalates, Deposit Outflows Top $360 Billion In Last 3 Weeks (Fed Rate Hikes To Combat Inflation Is Crushing Regional Banks)

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by confoundedinterest17 Yes, the banking system under green zealots and spendiholics Biden, Pelosi and Schumer have helped drive inflation to 40 years highs leading The Fed to counterattack and raise interest rates and slow M2 Money supply. The result? As Bank of America analysts said. Fed tightening ‘always breaks something’. And in this case it … Read more

Remember when the Fed stopped reporting weekly unrealized losses across banks in H.8? This report shows 722 banks have unrealized losses greater than 50% of the capital.

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by laflammaster H.8 – Weekly bank statements on assets and liabilities provided every Wednesday by the Fed. 722 high risk, 31 with ultra high risk of collapsing. Massive asset duration mismatch combined with today’s high interest rates have turned banks into ticking time bombs. Zen Second Life US Bank run in slow motion continues: US … Read more

Lego Goes Woke as It Launches New Gender Neutral Toys in a Bid to ‘Break Stereotypes’ ….The Lego Dreamzzz line

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On Monday, the popular kids’ toy Lego announced that it would remove gender stereotypes from its toys, forcing a ‘woke‘ ideology on young children. The Lego Dreamzzz line, produced by the toy giant, will debut with several new models, including a Pegasus horse, a bunny with blue and pink stripes named Bunchu, and a “nightmare … Read more

Recession this year “now inevitable”

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Photo by MarginalCost From Peter Reagan at Birch Gold Group At their May 3rd meeting, the Federal Reserve Committee appears to have established two key things (in their estimation). First, the Fed continues to promote the delusion that the banking system is “sound and resilient.” Second, they remain focused on bringing inflation back down to Chairman Powell’s pet target … Read more

James Turk: Banking crisis already worse than 2008 & it only just started… Mohamed El-Erian: Banking ‘cancer’ may be spreading as otherwise healthy firms seem vulnerable and credit gets pulled from the economy

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Eye-opening chart of the #bank #crisis. Already worse than 2008 & it only just started. The #FederalReserve creates the illusions of #prosperity with low #InterestRates that creates the inevitable financial bust that results in an #economic bust or worse, a #currency collapse. pic.twitter.com/8KABoZmnLZ — James Turk (@FGMR) May 5, 2023 Banking ‘cancer’ may be spreading … Read more

Title 42 Countdown: 700,000 Migrants in Mexico Waiting to Rush U.S. Border

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Title 42 Countdown: 700,000 Migrants in Mexico Waiting to Rush U.S. Border As many as 700,000 migrants, a foreign population larger than Boston, Massachusetts, are currently in Mexico waiting to rush the United States-Mexico border when President Joe Biden ends the public health authority known as Title 42 on May 11. https://www.breitbart.com/politics/2023/05/04/title-42-countdown-700000-migrants-in-mexico-waiting-to-rush-u-s-border/ Mayorkas: ‘Not Worried … Read more

Home Depot worker, 26, is shot and killed trying to stop BLACK shoplifting couple from stealing phone charger: Sh*t hole San Francisco

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A Home Depot employee in California was shot and killed outside his store while trying to stop an alleged thief and her boyfriend, who fled with a two-year-old child in their car. Blake Mohs, 26, was fatally wounded during a struggle which took place after he spotted the pair trying to leave in Pleasanton, east … Read more