Evergrande CEO in Hong Kong for restructuring and asset sales as the Chinese developer battles against default on more than $300 billion in debts. That’s a whole lotta debt.

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HONG KONG – Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts. CEO Xia Haijun, a confidant of chairman Hui Ka Yan and who runs … Read more

Facebook Hearings Parody

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by Martin Armstrong The usually left-leaning Saturday Night Live mocked the recent Facebook whistleblower testimony. Although it is still left-leaning, the writers must have realized that most US lawmakers are completely out of touch with reality and the very issues they make decisions on. They display false outrage but fail to act. “What Facebook has … Read more

Federal Judges Traded Stocks of Litigants DURING Cases…

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Mary Geiger Lewis acquired Walmart Inc. stock. Charles Norgle Sr. reported nearly a dozen buys and sells of Pfizer Inc. shares. Charles Siragusa had two accounts that bought Medtronic PLC stock. None of that would be a problem, except for this: All are federal judges, and at the time of the trades, all were hearing cases involving those companies. The Wall Street Journal … Read more

APPLE censors Quran, Bible apps in China

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Apple has censored a Quran app and a Bible app in China, the company confirmed to the BBC. Apple said Chinese officials had flagged the apps as breaking laws on illegal religious texts. Apple’s human rights policy says the company is “required to comply with local laws.” Apple has taken down a Quran app and … Read more

The tax preparation industry conspires against citizens to keep taxes complicated so you keep paying them.

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by ChewbaccaEatsGrogu Filing Taxes Could Be Free and Simple. But H&R Block and Intuit Are Still Lobbying Against It. Intuit spent more than $2 million lobbying last year, much of it spent on legislation that would permanently bar the government from offering taxpayers prefilled returns. H&R Block spent $3 million, also directing some of their efforts … Read more

IS A LIBEL SUIT NEXT?

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This is fake news: Joe Rogan gets CNN’s chief medical correspondent to admit CNN lied about ivermectin. CNN claimed this year that talk show host Joe Rogan injected himself with horse dewormer after he contracted the coronavirus. It was a lie. Not a misstatement or an exaggeration, but an outright lie. Rogan did no such … Read more

Gold Price Flag Suggests Big Rally May Start Soon

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by Chris Vermeulen of The Technical Traders As precious metals traders have waited out this extended sideways/downward price contraction in price over the past 14+ months, a very broad Pennant/Flag price formation is nearing an APEX level which suggests Gold may begin a new rally phase over the next 60+ days. Support near $1675 is a critical price … Read more

Prices of Nearly Everything Now Surging

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by moneymetals Bank Depositors Face IRS Audit Risk on Top of Inflation Risks Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. A big week for precious metals markets as inflation pressures push consumer prices to painful new heights. On Thursday, the U.S. Labor Department reported … Read more

Kraft Heinz CEO Tells The Public To Get Used To Higher Food Prices

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by Mac Slavo of SHTFplan According to Kraft Heinz CEO Miguel Patricio, the company is going to be “raising prices, where necessary, around the world.” Patricio says the general public should get used to higher prices for food. His comments follow a spike in government-induced energy and raw material prices alongside supply chain issues around the globe prompting … Read more

Empire State Manufacturing Survey shows a massive diversion of 32.2 points. Expected 52, actual 19.8.

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by laflammaster https://www.newyorkfed.org/survey/empire/empiresurvey_overview.html#tabs-1 Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six months ahead. April 2002 is the first report, although survey data date back to July … Read more

JIM TREACHER: Whew, Occupying Government Buildings Is Good Again. “It’s different when we do it:”

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via jimtreacher: So we’re back to this being a legitimate form of protest now? Huh. Ellie Silverman, WaPo: Climate protesters attempted to occupy the Department of the Interior on Thursday, with dozens holding a sit-in inside as those remaining outside clashed with the police who were blocking the entrance. Protesters and security personnel were injured as … Read more

WTH? AZ Attorney General Mark Brnovich Releases Video with Nunchucks as Arizonans Wait for Election Investigation and Arrests (VIDEO)

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You want the nunchucks. You got the nunchucks. pic.twitter.com/fu4MlJEUN1 — Mark Brnovich (@GeneralBrnovich) October 15, 2021 Brnovich: We’ve gotten a lot of calls, a lot of emails, but there’s one thing people definitely want to see. They wanna see more chucks. So, people, you want more chucks, I got more chucks. Rogers: With all due respect … Read more

Time To Buy? Real 30Y Mortgage Rate At -2.21% As Real Home Price Growth At 14.34% YoY (UMich Home Buying Sentiment Improves To 75)

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by confoundedinterest17 Wake up. Time to buy? This is a time even unlike the disastrous housing bubble of the 2000s that led to the financial crisis and Great Recession. Even during the housing bubble years, we still had positive REAL mortgage rates: Bankrate 30Y Fixed rate – CPI YoY. But today we have even FASTER REAL home price growth … Read more

The Shameful Public Lynching of Jon Gruden

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by Wayne Allyn Root The NFL has betrayed us again, with the God-awful firing and public lynching of Las Vegas Raiders Coach Jon Gruden. But why should the way the NFL treated Gruden surprise anyone? Afterall, the NFL is always wrong about everything. Actually, it’s clear the NFL’s whole goal in life is to throw … Read more

Gold’s Trajectory To $6,200 As Forecasted

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Patrick Karim with Patrick V. on Silver Bullion TV We are joined on Metal Money by Patrick Karim, veteran chart trader and founder of Badcharts.com, as we review the point and figure chart for silver and understand how Fibonacci Circles could point to gold’s trajectory to a record high of $6,200 before 2027. FULL SHOW NOTES AND LINKS HERE

Current Bitcoin market cap is ~50% of total USD (M0) in circulation

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by a__square__peg Source: https://fred.stlouisfed.org/series/CURRCIR Total global wealth is estimated to be about $420T in 2021 source. This gives M0 supply of about ~1.5% to wealth ratio, based on about $6.6T of currency in circulation. Hal Finney’s estimate of $10m per coin was calculated incorrectly based on the market cap of a currency being equated to the total wealth … Read more