Calamity Jay Powell Ditches Transitory Inflation Tag, Paves Way for Rate Hike (Compare To Volcker’s Record)

by confoundedinterest17 Calamity Jay Powell is no longer mentioning “transitory” when it comes to inflation, but does Powell and the FOMC have the moxie to ACTUALLY raise rates more than a smidge?? (Bloomberg) — Team Transitory is throwing in the towel. In a clear sign that the Federal Reserve is shifting to tighter monetary policy, Jerome Powell — … Read more

The average energy consumption for one single Bitcoin transaction in 2021 could equal several hundreds of thousands of VISA card transactions.

by JR3000 Because crypto believers think crypto currency will revolutionize the financial industry (and because I’ve been having an argument with someone that came here to pick a fight and wanted to argue about energy consumption between crypto and fiat) it is important to understand just how much energy use a single crypto transaction uses. … Read more

French Presidential Candidate Eric Zemmour Goes Viral After Promising the French to Reverse Their Replacement by Immigrants

Captioned: The original viral video is below this video. Note: If you don’t see captions, click the [CC] button Note: If you don’t see captions, click the [CC] button Original Viral Video in French Transcript taken from the captioned video at the top of this thread. My dear compatriots For years, the same feeling has … Read more

Is A Stock Market Crash Like 2000 Possible?

By Michael Lebowitz Is A Stock Market Crash Like 2000 Possible? “Say say two thousand zero zero party over, oops, out of time So tonight I’m gonna party like it’s nineteen ninety-nine” -Prince 1999 Prince wrote the song “1999” in 1982, 18 years before the clock ran out on the 20th century and possibly the greatest stock … Read more

97% of all NFT transactions are done by 10% of traders Nature study finds.

https://www.nature.com/articles/s41598-021-00053-8#MOESM1 Shock horror, as we find out that the NFT market, like the crypto market, is just wash trading 101. Butters are dumb enough to not understand wash trading and throw money but what is the SEC/CFTC doing. Wash trading is a complete fabrication of a market. Everything from price, liquidity, volume, marketcap is manipulated … Read more

15 States Threaten To Pull $600B From Banks For ‘Woke Capitalism’

Fifteen state financial officers sent a letter to U.S. banks last week noting $600 billion in assets they pledge to take elsewhere if the financial institutions embrace corporate wokeism and prohibit financing to the fossil fuel industry. Led by West Virginia Republican Treasurer Riley Moore, the group promised “collective action” in the form of an … Read more

Oh great, doctors are graduating INCOMPETENT because medical schools have gone “woke”

The Washington Free Beacon quoted several doctors who expressed concerns that the guidelines would lead to “underqualified doctors, missed diagnoses, and unscientific medical school curricula.” Most of the doctors were quoted anonymously, but Jeff Singer, an Arizona surgeon, said that certain medical conditions are more common in certain racial groups because they “vary based on … Read more

Finland’s first 5-qubit quantum computer is now operational

ESPOO, Finland (November 30th, 2021) Today, VTT Technical Research Centre of Finland announced that the country’s first operational 5-qubit quantum computer is up and running. Together with the quantum computing hardware startup IQM, VTT has taken its first steps to enable the building of quantum computers that will be both scalable and easier to manufacture, … Read more

Pollak: Kamala Harris Could Become First Supreme Court Justice to Have Failed Bar Exam

Vice President Kamala Harris could be the first Supreme Court Justice to have failed the Bar exam — that is, if rumors that President Joe Biden may nominate her to the nation’s highest court are true. For the past several days, speculation has been building that Biden might dispense with the unpopular Harris by “promoting” … Read more

Seems like the nearly $4B raised would not last much longer. Developers Face $12 Billion Trust Payments: Evergrande Update. Need to pay $103B in the next 13 months.

China’s struggling real-estate firms had another miserable month in November as a slump in home sales deepened. The country’s builders are facing $12 billion in trust payments coming due in December, posing a major challenge for an industry whose liquidity squeeze has spooked global markets. Private-sector developers are selling the fewest bonds domestically in nearly … Read more

NY Taxpayers Pay $750,000 To Bury Power Lines So Wealthy Residents Can See The Ocean View

The wealthy elite who drive along scenic Montauk Highway have been so bothered by overhead power lines blocking views of the horizon across the Atlantic Ocean that they recently convinced local officials to use $750,000 in taxpayer funds to bury the lines underground. New York State grants and money from the tony East Hampton Town … Read more

As Biden Goes Off-Script, White House Tech Team Cuts the Mic and Blasts Music

Biden breaks White House mask mandate by slipping mask down to talk to someone across the room *White House staffers immediately cut off his audio and start blasting music* pic.twitter.com/7ga5cPtpET — Danny De Urbina (@dannydeurbina) November 30, 2021 https://townhall.com/tipsheet/katiepavlich/2021/11/30/as-biden-goes-off-script-white-house-tech-team-cuts-the-mic-and-blasts-music-n2599853 "….Isn't this a pretty place?…." pic.twitter.com/SteGYUVn5u — Charlie Spiering (@charliespiering) November 29, 2021 https://redstate.com/nick-arama/2021/11/30/biden-starts-to-stare-up-at-the-ceiling-as-the-video-cuts-out-n484253

The Failure Is Already Baked In. This Would Just Make It Worse:

Passing the Spending Bill Could Doom Biden’s Presidency. One of the strangest ticks of left-leaning punditry over the last year has been the contention that if Democrats in Congress didn’t join together to pass some sort of climate and social spending bill—the various multi-trillion-dollar reconciliation packages that have gone under the label Build Back Better—then … Read more

Explosion Reported Outside Train Station in Germany’s Munich

The blast happened during construction works outside the station. An explosion occurred at the construction site of the railway operator Deutsche Bahn at the Donnersberger Bridge in Munich, police said. Three people were injured as a result of the explosion, they added. Grund für den Einsatz im Bereich der #Donnersbergerbrücke war die Explosion einer Fliegerbombe. … Read more