This is the first time in history the Federal Reserve is doing monetary tightening in a global downturn.

by BoatSurfer600 Credit defaults just at the START of an exponential rise….love it pic.twitter.com/4mIUnkOMqe — Craig Mako (@CraigMako) August 28, 2022 The Fed has never hiked rates during a recession, expect stock markets to fall another 50% – Todd ‘Bubba’ Horwitz   What was widely viewed over the summer as the last chance to buy, was … Read more

Polish Homeowners Line Up For Days To Buy Coal Ahead Of Winter

Several weeks ago we reported that amid Europe’s mindblowing gas and electricity prices, Deutsche Bank predicted that a growing number of German households will be using firewood for heating, a forecast which appears to have become self-fulfilling as German google searches for firewood (“brennholz”) had since exploded off the charts: But while Germans are still “searching” merely in the … Read more

Coming Soon to the IRS: France uses Google Earth and a Google developed AI to find Tax Cheats

France is using a Google AI algorithm to locate tax cheats all over their country. The IRS can use a couple thousand of those new agents to do the same thing here, and that would just be the beginning of their AI usage. https://www.france24.com/en/live-news/20220829-france-taxman-deploys-ai-spy-to-spot-hidden-swimming-pools France’s tax authority said Monday that a new artificial intelligence system … Read more

13 states will most likely tax the 10k-20k in student loans……debt forgiveness is income!

via justthenews: More than 60% of borrowers are Pell Grant recipients, which means they will have to pay the higher tax rate. Borrowers in thirteen states who have student debt canceled under the Biden administration’s plan may still be taxed hundreds of dollars next year on their forgiven loans. President Joe Biden announced major reforms to student debt last … Read more

Lawyer: January 6 Clients Are Being Tortured

Lawyer: January 6 Clients Are Being Tortured “For the first time in U.S. history, the political party in power is hunting down and jailing members of the opposition party for political dissidence, and . . . torturing them in jail.” https://amgreatness.com/2022/08/28/lawyer-january-6-clients-are-being-tortured/

No Powell Pivot, so the Bear is Back!

by David Haggith  Bear-market rallies are always built on delusions. A breath of hope returns to the dying bulls, and all the testosterone and adrenaline rushes to their veins. There is typically no rationality to it. It is pure sentiment, so the rallies are strong, unthinking, and vicious toward anyone who shorted the market, making shorting … Read more

Feds Declare Emergency in 4 STATES After Oil Refinery Fire in Indiana

First food processing plants now, when there’s a fuel shortage, this? Obvious is obvious What’s going on with all this critical infrastructure going up in flames? — Cryptid Politics (@CryptidPolitics) August 28, 2022 CHICAGO — The Environmental Protection Agency temporarily lifted a federal rule for fuel sales in four states, including Indiana, in response to … Read more

U.S. 2-YEAR TREASURY YIELD CLIMBS TO 3.48%, HIGHEST SINCE NOV. 2007

by PrettySugar9264 Historically when fed raises rates risk assets (stocks) get sold off! ⚠️BREAKING: *U.S. 2-YEAR TREASURY YIELD CLIMBS TO 3.48%, HIGHEST SINCE NOV. 2007 🇺🇸 🇺🇸 pic.twitter.com/zcqdnQ45w7 — Investing.com (@Investingcom) August 29, 2022 Scary times ahead, but I don’t feel as bearish as many I am seeing are…. we may get close to our … Read more

Lawless! Biden Side-steps Constitution In Promise To Write Off Student Loans

by Daniel McAdams and Ron Paul of Ron Paul Liberty Report In a blatantly unconstitutional move, President Biden announced that his Administration would be obligating upwards of half a trillion dollars – or more – to “forgive” student loans in households making $125K per year or less. Good thing the Inflation Reduction Act was passed or we might be in … Read more

People no longer believe working hard will lead to a better life, survey shows

A growing sense of inequality is undermining trust in both society’s institutions and capitalism, according to a long-running global survey. The 2020 Edelman Trust Barometer – now in its 20th year – has found many people no longer believe working hard will give them a better life. Despite strong economic performance, a majority of respondents … Read more

CIA’s global stations saying that a concerning number of U.S. informants were being captured and executed.

Maybe they can transfer some IRS over there. Leading counterintelligence officials issued a memo to all of the CIA’s global stations saying that a concerning number of U.S. informants were being captured and executed. The CIA’s counterintelligence mission center investigated dozens of incidents in the last few years that involved killings, arrests or compromises of … Read more