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By Egon von Greyerz With stocks, bonds and property in major bear markets, investors are desperately hoping (and praying) that the Fed and other Central banks will come to their rescue. But this time it is different. (You have heard that before). Central banks are determined to kill off inflation and with that the economy. They … Read more
Florida plans to revoke or suspend the teaching licenses of elementary school educators who teach students about gender identity or sexuality, according to a new rule published by the state’s Department of Education. The rule, proposed in August and approved by Education Commissioner Manny Diaz Jr. in September, is intended to enforce a 2021 state law … Read more
https://twitter.com/ronin19217435/status/1581260318927335424
Image courtesy of Austrian National Library From Peter Reagan at Birch Gold Group Despite the evidence that the U.S. is already in an economic recession, the current administration is conveniently ignoring this fact before the midterms. In fact, President Joe Biden recently told CNN’s Jake Tapper: I don’t think there will be a recession. If it is, there will … Read more
Tricky Fed president: ten years of ZIRP and QE crushed US retirees and created the biggest asset bubble in history, but Bostic was smart enough to put his money in a Bank of China CD pic.twitter.com/SoHUVdJEz0 — zerohedge (@zerohedge) October 14, 2022
Another hotter than expected #CPI surprised investors. Sept. CPI rose .4%, double expectations. YoY prices rose 8.2%. The 6.6% YoY rise in core CPI is the most since 1982. OER had biggest monthly spike since 1990. The #Fed is losing its #inflation fight. Soon it will surrender. — Peter Schiff (@PeterSchiff) October 13, 2022
by Josh Sigurdson via World Alternative Media Josh Sigurdson reports on the controlled collapse of the global banking system as Bank of America governor Bailey tells people they have three days to sell everything! Of course this is leading to cratering markets and massive panic, but that was all part of the plan, wasn’t it? They need the … Read more
By Lance Roberts While the Fed continues to hike rates to combat high inflation levels aggressively, history shows that deflation will become a more significant threat when something “breaks” in the financial or credit markets. As I discussed in a recent MarketWatch article: “Stable markets can become unstable rapidly when something breaks due to rising rates or volatility. … Read more
The social media company has asked a Delaware judge to order records of the investigation into Musk be turned over. WILMINGTON, Del., Oct 13 (Reuters) – Elon Musk is being investigated by federal authorities over his conduct in his $44 billion takeover deal for Twitter Inc (TWTR.N), the social media company said in a court … Read more
by silvertomars Morgan Stanley outlines some potential buyers… replacing the top 3 will clearly be a tall order likely requiring much higher interest rates… Good luck with that. It’s no wonder Yellen is shitting her pants now. She needs to keep selling a fuckton of new Treasuries at auction while all this is going on. I kept … Read more
by silvertomars https://www.lewrockwell.com/2022/10/alasdair-macleod/banking-crisis-the-great-unwind/ 10 YR TREASURY JUST BROKE 4% FOR THE FIRST TIME SINCE JUNE OF ’08
In March 2021, the first tweet ever sold as an NFT for $2.9 million. The most recent bid is $97. pic.twitter.com/s8VdBApOao — Chairman (@WSBChairman) October 14, 2022 The best part is that the NFT is just a screenshot of the tweet. He doesn’t actually “own” the tweet. — Chairman (@WSBChairman) October 14, 2022
Japan's central bank, the BOJ, spent $19,000,000,000 last month to stop the sharp decline in the Yen. It has already moved well above the levels where the intervention was made, meaning the BOJ wasted $19B. pic.twitter.com/pKnlcpVzQ7 — Chairman (@WSBChairman) October 14, 2022
The eternal war is not between liberals and conservatives, or between this country and that country. The eternal war is between Labor and Capital. The Federal Reserve is a weapon of Capital. — Ben Hunt (@EpsilonTheory) October 14, 2022
h/t libertyshrub
And their backup plan is to mysteriously stop counting in the middle of the night, and when they resume counting, enough ballots for them to win will have magically appeared from somewhere. h/t Bigfoot_USA
BUENOS AIRES, Oct 14 (Reuters) – Argentina’s monthly inflation rate came in lower than expected in September, a rare reprieve for the embattled economy and struggling residents, which may allow the central bank to pause its aggressive rate hiking cycle for the time being. The government’s INDEC statistics agency reported on Friday the monthly inflation … Read more
It has been more than a year since El Salvador made history by becoming the first country to make bitcoin legal tender, and so far, 37-year-old resident Edgardo Acevedo has found the nationwide crypto experiment to be relatively anticlimactic. “I don’t think anything has changed, except that the country is more recognized than before, but the economic … Read more
Courtesy Citizen Free Press…. We flooded the system with money. We print it digitally.pic.twitter.com/qM1xJAEsD3 — Citizen Free Press (@CitizenFreePres) October 14, 2022
“”I feel happy to have crossed the line of that idea so we can speak openly about things, like getting cancelled by a bank.” West added that he was “the richest black man in American history, that put $140 million in JPMorgan”” Then he got spooked by a noise in the street and said bye. … Read more