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by Charles Hugh-Smith If you wanted to design a system guaranteed to collapse in a putrid heap, you’d make moral hazard ubiquitous and you’d make the system 100% dependent on a hubris-soaked faux savior. For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the … Read more
https://www.youtube.com/watch?v=IVBqJ454q7g
by xanox87 wapo knew it from beginning.. And now suddenly it’s in there fact checker.
BY SVEN HENRICH Markets continue to be engaged in a very subtle battle for control. Having just witnessed another minor pullback of 5% or so here in May one can certainly argue it’s business as usual in 2021. New highs every month, some smaller pullbacks in between and then off to new highs. Basically the 2013 … Read more
(Bloomberg) — U.S. government officials monitoring the airways say they won’t tolerate passengers who refuse to don masks as airline travel surges ahead of the summer season. A recent spike in unruly passenger reports, many of them involving people refusing to cover their faces, prompted Homeland Security Secretary Alejandro Mayorkas on Tuesday to issue a … Read more
Ratings from Neilsen Media Research reported Tuesday indicated that CNN lost 67% of its total viewers since January, when Donald Trump left the White House. During the primetime hours of 8:00 p.m. – 11:00 p.m. (EST), CNN lost around 65% of its total viewers since January. In the critical 25-54 age demographic, the network lost … Read more
Federal prosecutors are trying to seize a $15 million fishing compound in Colorado and $77.9 million in a Swiss bank account linked to an alleged fraud by billionaire Robert Brockman, who was indicted last year in the biggest U.S. tax-evasion case ever against an individual. Beyond claims that he failed to report $2 billion of … Read more
The future of digital commerce on your iPhone could be influenced by how courts resolved questions about market control following technological innovations that disrupted previous generations: credit cards and railroads. With the courtroom battle between Epic Games Inc. and Apple Inc. AAPL -0.16% concluded Monday, U.S. District Judge Yvonne Gonzalez Rogers must now decide if … Read more
Black Lives Matter lost support and popularity in 2020, new reports say Many democratic figureheads insist the United States underwent a “racial reckoning” in 2020 with Black Lives Matter leading the charge, but that narrative contradicts the truth. Black Lives Matter was a prominent movement across the country which had ample support of both political … Read more
by Shaun Richards Today the IPPR has released a report on poverty in the UK. As always care is needed as the answer mostly depends on how you define poverty starting with whether you chose an absolute definition or a relative one. With the latter poverty is always likely to be with us no matter … Read more
from Kerry Lutz’s Financial Survival Network Craig Hemke gives us the real story on transitory inflation. No one is focusing on why they’re saying it. It’s all about yield curve control. The US cannot afford higher interest rates. The Fed is controlling yields and real interest rates. Interest on treasury debt cannot exceed 2 percent or we’re … Read more
TradersChoice.net, Released on 5/21/21 Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served … Read more
by confoundedinterest17 (Bloomberg) — Fewer homeowners are looking to refinance and mortgage securities investors are likely to benefit. The Mortgage Bankers Association refinance applications index dropped 7.2% in the latest report, its largest weekly decrease in three months. Looking ahead to next week’s prepayment speed report for May, consensus is looking for mortgage refinancings to drop for a second month in a row. … Read more
by Money Metals News Service Washington, DC (May 26, 2021) – America’s gold reserves would be audited for the first time in more than 60 years if a measure introduced yesterday by U.S. Representative Alex Mooney (R-WV) becomes law. The Gold Reserve Transparency Act of 2021 – H.R. 3526 – backed by the Sound Money Defense League, Money Metals Exchange, … Read more
The progressive Senator also attacked Dimon over what he argued was “excessive” compensation. “Mr. Dimon – as CEO you make 800 or 900 times your lowest paid worker. No one thinks you work 900 times harder than a teller. How did we get here?” To which Dimon responded that his compensation is set “by the … Read more
