On Wire

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

Rand Paul: "Mark my words — December 16th or 18th we're going to get a 3,000 page bill that'll have been given to us an hour or two before… No one will read it. It'll add over a trillion dollars to the debt next year. The system is not working."https://t.co/bOMLKfpDwc — Citizen Free Press (@CitizenFreePres) … Read more

(HorizonPost.com) – Last month, Alabama Secretary of State-elect Wes Allen announced that the state would be withdrawing from the Electronic Registration Information Center (ERIC), a voter-roll management system with ties to far-left groups. In a statement, Allen said he campaigned for Secretary of State on the promise to withdraw the state from ERIC and he … Read more

by TheRealJugger I still don’t know how regarded somebody has to be to take financial advice from someone called “deity of dips”:4271:

  Source: https://www.brusselstimes.com/belgium/336555/people-are-ready-to-burn-anything-belgians-struggle-to-stay-warm-through-cold-snap h/t  BoatSurfer600

Household Wealth Plummeted by $13.5 Trillion This Year. “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 and liabilities.” https://twitter.com/WallStreetSilv/status/1602690867172675586

As inflation decelerates investors will think it's the end of it. Not my view. This is a structural problem caused by secular forces: ▪️ Wage growth▪️ Commodity shortages▪️ Reckless fiscal spending▪️ Deglobalization Inflation develops through waves, we just saw the 1st one pic.twitter.com/ZT7DSpXGjX — Otavio (Tavi) Costa (@TaviCosta) December 13, 2022 h/t silvertomars

A Pennsylvania school board member who refused to vote for “the only cis White male” on the board to serve as president has decided to resign from her position at the start of 2023. Upper Moreland School District board member Jennifer Solot made the comments during an open school board meeting on Dec. 6, just … Read more