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by dollarcollapse Wall Street amazes me. Despite the current economic situation those at the Big Banks on Wall Street seem to think their words will just magically create financial stability for all but, this is what’s happening. The Federal Reserve’s recent interest rate hikes and pivot towards a more hawkish monetary policy have caused Wall Street … Read more
“It has been a bad couple of months for BlackRock and its CEO, Larry Fink. Earlier this quarter, one analyst downgraded its stock due to the risk posed by Environmental, Social, and Governance (ESG) investing. Several states have announced they will remove pensions and other state treasury funds from the asset manager. Last week, the … Read more
https://twitter.com/libsoftiktok/status/1602891912419033090
As of 10:46 a.m. New York time, all three major stablecoins, tether, USD coin (USDC) and BUSD, are trading a little under $1, according to Nomics. If the so-called stable coins can’t maintain their value, there’s really no backstop for crypto. The whole crypto market could lose 95% of its value within a matter of … Read more
American households’ real wealth fell $13.5 trillion in the first three quarters of 2022, according to a MarketWatch report. The 8.6 percent drop from January to September is the second fastest decline on record, behind the financial crisis of 2008/2009. Record-high inflation under the Biden administration is causing a decrease in the purchasing power of assets … Read more
https://twitter.com/ClownWorld_/status/1602846258162532352
Oregon governor Kate Brown said Tuesday that the state’s 17 death-row inmates will be spared execution and will instead have their sentences downgraded to life in prison without the possibility of parole. “I have long believed that justice is not advanced by taking a life, and the state should not be in the business of … Read more
https://twitter.com/RJRCapital/status/1603030363437256706 Random bull traps on the way down are not that uncommon. pic.twitter.com/eHlaT4k5G9 — Financelot (@FinanceLancelot) December 13, 2022
Winter is just a week away, and colder weather is known for bringing some chaos to grocery stores. Deliveries are slower, supplies get tighter, product stockouts become more widespread, and consumer demand accelerates, pushing prices even higher. It’s actually during wintertime that stores see the biggest waves of hoarding and panic buying. Any unexpected disaster … Read more
Germany is planning to issue record debt to counter energy crisis.. i told you this was going to happen. goverments won't let an economic collapse to happen. chart from @Credit_Junk pic.twitter.com/KSxauwYlVY — Alessio (@AlessioTMAD) December 14, 2022 JAPAN’S BANKS COULD SUFFER $1.1 TRILLION BOND LOSS IF BANK OF JAPAN PIVOTS Yes. You are reading this … Read more
A number of pension funds were hours from collapse when the central bank intervened in the long-dated bond market. The Bank emphasized the need for regulators across jurisdictions to strengthen the resilience of the sector, saying that “there is a need for urgent international action to reduce risks in non-bank finance.” LONDON — The Bank … Read more
Sen. Marco Rubio, R-FL., on Tuesday introduced bipartisan legislation that would ban the popular app TikTok from operating within the United States over national security concerns. Rubio’s bill—the Averting the National Threat of Internet Surveillance, Oppressive Censorship and Influence, and Algorithmic Learning by the Chinese Communist Party, or ANTI-SOCIAL CCP Act—already has bipartisan support in … Read more
Binance, the world’s largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDCUSDC -0.2% while it completes a token swap involving the asset. Withdrawals in other tokens tied to the value of the dollar–specifically tether and BUSDBUSD -0.2%, a stablecoin developed by Binance and blockchain-focused firm Paxos–are unaffected. Changpeng Zhao, Binance’s chief … Read more
Over the past two years, Sens. Joe Manchin (D-WV) and Kyrsten Sinema (I-AZ) have held an outsize influence in the 50-50 Senate as Democrats have needed both their votes to advance their agenda. Just days after the Democrats secured a 51-49 Senate with Sen. Raphael Warnock’s win in Georgia, Sinema made waves by announcing her … Read more
Fascism is a political ideology which, unfortunately, is mischaracterized by both media and academia. For example, Wikipedia describes fascism as, “A far right, authoritarian, ultra-nationalist political ideology and movement characterized by a dictatorial leader, central autocracy, militarism, forcible suppression of opposition, belief in a natural social hierarchy, subordination of individual interests for the perceived good of the … Read more
