Lessons From An Underground Economy

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by J.G. Martinez How is it possible to survive a nation with inflation rates of 20%/month and 1700%/year? The answer? The underground economy. This is the level of hyperinflation we have found ourselves with here in Venezuela, and considering the spread of inflation worldwide, it would be well worth the prepper’s time to glean what … Read more

OPINION: love is a many-splendoured thing, but the internet isn’t

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by John Ward Sorry folks, but I really couldn’t resist this Front Page from the French Corporate State whores at La Dépeche yesterday. The headline celebrates ‘two decades of love found online’ at Meetic – France’s biggest dating site owned for some time now by US group Air Idle Control (AIC) – a company incorporated in Delaware…which … Read more

Evergrande’s capital is only ￥3.9 billion, but it leveraged ￥2 trillion of financing loans…. Did China just hit a brick wall?

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Conclusion: Evergrande's capital is only ￥3.9 billion, but it leveraged ￥2 trillion of financing loans. Evergrande has no assets to pay off when it'll officially announce bankruptcy liquidation. The large amount of Evergrande dollar debt has actually become toilet paper. pic.twitter.com/vwtogy8fBx — Bai, Xiaojun (@oriental_ghost) December 25, 2021 Evergrande News: China Constructiona, a central enterprise,the … Read more

History repeats itself… ‘Who does not pay their student loans, right?’ Boom!

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Bruh. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3631953 Do you remember the scene from the Big Short where the guy tried to sell MBS to pension fund and he goes: “MBS are just mortgages and who does not pay their mortgage, right?” The same thing in 2021: “SLAB’s are just loans which students are tied to them until they die, even if … Read more

In almost every metric, this is a country that is on the verge of a crisis. Every metric is deteriorating over time.

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https://twitter.com/WallStreetSilv/status/1474925979445432320 https://twitter.com/WallStreetSilv/status/1475126402328547329 https://twitter.com/WallStreetSilv/status/1474513332027772931 The Federal Reserve balance sheet is at all-time highs. $8.8 trillion. In March 2020 it was $4 trillion… Do people actually think they can wind this down? The Federal Reserve balance sheet is at all-time highs. $8.8 trillion. In March 2020 it was $4 trillion. pic.twitter.com/KfwYoUSlpd — Gold Telegraph ⚡ (@GoldTelegraph_) December … Read more

HOW TO Bypass Censorship, Fact Checkers, And Big Tech – REAL PRINTED NEWSLETTERS – Check This Out

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Came across this story: https://www.theguardian.com/world/2020/nov/27/truthpaper-the-anti-lockdown-newspaper-bypassing-online-fact-checkers How an anti-lockdown ‘truthpaper’ bypasses online factcheckers He said YouTube was increasingly removing the conspiracy material he featured in his publication, and since “all the real journalists have left institutions like the Ganduria [sic] now” he was filling “a rather large gap in the market”. He called the pandemic a … Read more

The Fed’s Dovish “Tapering” and the ECB

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by Daniel Lacalle via Mises On December 15, the Federal Reserve gave the most dovish “hawkish” statement ever, an apparent aggressive tapering that, in reality, means maintaining very low rates and massive repurchases for longer. Inflation has skyrocketed and aggressive monetary policy is the key factor in understanding it. I already explained it in my article “The Myth of Cost-Push … Read more

This ROBOT Is Freaking Me Out

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by Stucky The robot below, named Ameca,  is said to offer the whole range of human emotions, together with realistic eye and facial movements which, quite honestly, are amazing.  Here you will see Ameca reacting with visible irritation and grabs the hand of a researcher who got into its “personal space”.  The developers noted that this behavior … Read more

China is grain hoarding, preparing for a famine?

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– Less than 20% of the world’s population has managed to stockpile more than half of the globe’s maize and other grains, leading to steep price increases across the planet and dropping more countries into famine. The hoarding is taking place in China. COFCO Group, a major Chinese state-owned food processor, runs one of China’s … Read more