‘Cash For Junkies’ – California Dems Want To Pay Meth Addicts To Seek Treatment

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https://www.zerohedge.com/geopolitical/cash-junkies-california-dems-move-pay-meth-addicts-seek-treatment In keeping with President Biden’s push to approve “evidence-based” policies to help combat the worsening US drug overdose crisis (overdoses jumped to a new annual record last year according to data from the CDC) – not to mention the explosion of crime (both petty and violent) and homelessness that have rendered San Francisco almost unlivable for … Read more

The Gateway Pundit Shills Donations for FBI Informant Involved in Capitol Riot

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By Chris Black Cassandra Fairbanks is a writer for the so-called conservative outlet The Gateway Pundit. Here’s an article published on the Gateway Pundit yesterday: EXCLUSIVE: Capital One Cancels Proud Boys Leader Enrique Tarrio’s Credit Card Over ‘Adverse Past or Present Legal Action’ The article deplores the fact that Enrique has been banned by credit … Read more

What are lower bond yields telling us?

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by Shaun Richards A major story in 2021 so far has been the moves in bond yields. This matters because they have become more significant in economic terms during the credit crunch. A factor in this is the way that the ZIRP era of effectively 0% official interest-rates has pretty much stopped the game there … Read more

Jim Rickards: China Is A Fragile Giant

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BY JAMES RICKARDS I’ve made many visits to China over the past thirty years and have been careful to move beyond Beijing (the political capital) and Shanghai (the financial capital) on these trips. My visits have included Chongqing, Wuhan (the origin of the coronavirus outbreak), Xian, Nanjing, new construction sites to visit “ghost cities,” and … Read more

EU exempting Private Jets from Climate Taxes

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by Martin Armstrong The EU is exempting private jets from Global Warming taxation. Since the elite all have private jets, they certainly can’t possibly restrict themselves. They are the ones the world desperately needs. There were 309 private jets that flew to Davos in 2019. While Schwab says we all must walk to work which is from our bedroom … Read more

Both the Wall Street Journal and Bloomberg have picked up on Zoltan Pozsar’s most recent article, which warns of coming chaos from an accumulation of cash in the Federal Reserve’s reverse repurchase facility (RRP)

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https://www.efinancialcareers.com/news/2021/07/zoltan-pozsar-credit-suisse Pozsar estimates that use of the facility has jumped by $300bn since the Fed increased the interest rate on the RRP from 0 to 5bps last month: the higher rate means it no longer makes any sense to hold lower yielding Treasury bills and Pozsar thinks money will continue to flow into the RRP … Read more

Chicago schools to offer free condoms to 10 year-olds…

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When Chicago Public Schools fully reopen late next month for the first time since the start of the pandemic, students will be returning to schools stocked with hand sanitizer, disinfectant wipes, masks, forehead thermometers and air purifiers. But nearly every CPS school will also have items that experts say will keep students healthy and safe … Read more

San Fran DA should have kept her mouth shut…

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A top aide for San Francisco District Attorney Chesa Boudin locked her Twitter account earlier this week after appearing to mock a constituent who had expressed concerns about crime in the city. Kate Chatfield, Boudin’s senior director for legislation and policy, reportedly set her account to private mode “hours after comparing political opponents to ‘The … Read more

This is very much like the bubble in synthetic asset backed CDOS before The Great Financial Crisis.

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Total Margin Debt:https://t.co/4yMXIe42H6 Bubble: $450 BillionGreat Recession: $400 BillionNow: $850 BillionThis is very much like the bubble in synthetic asset backed CDOS before The Great Financial Crisis. — Ben Rickert (@Ben__Rickert) July 8, 2021 2008 5x minimum. Look out below. — Econman97 (@BoltCuddy) July 8, 2021 https://twitter.com/RetirementRight/status/1413166254777536521 We're at the stage of the mania where … Read more

Liquidity withdrawals can come in many different forms.

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https://twitter.com/NorthmanTrader/status/1413147494083563527 Wells Fargo tells customers it’s shuttering all personal lines of credit The bank is shutting down all existing personal lines of credit in coming weeks and no longer offers the product, according to customer letters reviewed by CNBC. The product, which typically gave users $3,000 to $100,000 in revolving credit lines, was pitched as … Read more

Update — Michael Avenatti sentenced to 30 months in Federal Prison… Breaks down crying in court… Lefty judge grants light sentence…

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Michael Avenatti cries in court as he is sentenced to 2.5 years in prison for Nike extortion   Michael Avenatti was sentenced Thursday to just 30 months in prison for a brazen scheme to extort athletic apparel giant Nike out of up to $25 million.   That sentence was much lower than the nine years … Read more

Robinhood settles lawsuit over 20-year-old trader who committed suicide thinking he owed $730,000

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Robinhood has settled a wrongful death lawsuit filed by the family of a 20-year-old trader who killed himself last summer after mistakenly believing he owed $730,000 to the online broker. Alexander Kearns,20, was trading on June 11 last year using the Robinhood app when the app suddenly put a hold on his account and showed a … Read more