BlackRock and four other large institutions forced to write-off billions after Fitch Ratings downgrades China Evergrande to “restricted default” status.

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After Fitch Ratings downgraded China Evergrande and some of its subsidiaries to “Restricted Default” status on Thursday, there was for the first time, widespread acknowledgement of the Chinese property giant’s failure to meet its debt obligations. “The downgrades reflect the non-payment of coupons due 6 November 2021 for Tianji’s USD645 million 13% bonds and USD590 … Read more

The COVER-UP?

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by Martin Armstrong   While everyone still argues over the virus and which lab did what, they seem to gloss over the real question — Is this a diversion to hide the true motive?  This is why nobody in the Biden Administration will ever investigate Fauci. There is plenty to warrant an investigation, but it … Read more

Does this look like a melt up is on the horizon or a bear market? You tell me.

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https://twitter.com/MFHoz/status/1469678875768672262 We have been warning about this for many months. The ominous 'cross-bones' pattern in the US Treasury market often foreshadows upcoming #credit problems. The collapse in term premia warns that #bonds may know something! pic.twitter.com/RZBHGzY8L0 — CrossBorder Capital/ GLIndexes (@crossbordercap) December 10, 2021 https://twitter.com/McsauceFPL/status/1466850794620268551 The bond market is tightening, showing a lot of concern … Read more

Schools screen to make sure teachers are progressive…

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What are the characteristics of a good teacher? Many would cite qualities such as mastery of the relevant subjects and high academic standards. Others might stress a positive attitude and engaging classroom manner. For most people, political opinions are likely to rank low among these priorities. According to a report in EdWeek, though, that’s what … Read more

Democrats Want Julian Assange Imprisoned For One Reason: His 2016 Reporting on Hillary/DNC

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Glenn Greenwald’s System Update, Released on 12/11/21 A clip from the one-hour live report I did last night on Rumble regarding the Assange case: https://rumble.com/vqjzc0-uk-court-ap… Glenn Greenwald is a journalist, constitutional lawyer, and author of four New York Times best-selling books on politics and law. His most recent book, “No Place to Hide,” is about the … Read more

Biden’s Build Back Better Act May Add $3 Trillion To The Federal Deficit (And Cost $4.73 Trillion)

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by confoundedinterest17 Call it “The Letter That Phil Swagel Wrote.” The letter from Phil Swagel, Director of the Congressional Budget Office, sent a letter to Congress stating that “The Congressional Budget Office and the staff of the Joint Committee on Taxation project that a version of the bill modified as you have specified would increase the deficit by … Read more

Last year China produced 50% of the world’s computers and mobile phones; the US made only 6%

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China’s winning the race to control the 21st century’s most valuable commodity A new study from Harvard’s Belfer Center comparing the technological capabilities and progress of the US and China is an alarming read for Americans – and illustrates why the predictions of many experts were ill-judged. The report, titled ‘The Great Technological Rivalry’, has … Read more

The Actual Amounts We’re All Paying More For Things Because Of Bidenflation Are Staggering…

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Well, atleast we are not as bad as Argentina, Mexico, and Venezuela. For the next time someone tells you that US inflation is somehow unique, special or anyone's fault. (via @charliebilello) #CPI pic.twitter.com/RQ89zoIyKU — Carl Quintanilla (@carlquintanilla) December 10, 2021 Bidenflation, in one chart: pic.twitter.com/u0R6l7mdnZ — RNC Research (@RNCResearch) December 10, 2021 WATCH: CBS reports … Read more

CNN Staffer Charged with Enticing Women and Their Underage Daughters to Engage in Sexual Activity

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A CNN employee was charged Friday on three counts that he used a facility of interstate commerce to abuse underage girls. Officials said a grand jury in Vermont indicted 44-year-old Stamford, Connecticut resident John Griffin of attempting to entice the girls to engage in sexual activity. He appeared in New Haven federal court via Zoom, … Read more