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Kerry Lutz & John Rubino talk about collateralized loan obligations which use the same mechanism as the subprime mortgages that caused the 2008 financial crisis.
via Mark Thornton: Austrian economists have a well-developed theory that explains the boom, bubble, bust, and recovery. A good introduction to the Austrian theory of the business cycle can be found in Larry Sechrest’s article “Explaining Malinvestment and Overinvestment.” Larry wrote the article to provide a pedagogical device for economics students, but academic economists will probably be … Read more
(Bloomberg) — An unpleasant surprise for wealthy Americans was lurking halfway through a 114-page document released by the U.S. Treasury late last month. Technical provisions in the proposal — not mentioned when President Joe Biden presented his plans to raise taxes on the rich in April — could disrupt or dismantle some of the most … Read more
Sen. Bernie Sanders’ $6 trillion budget included $120 billion for state and local tax relief over five years. The provision boosted hopes in high tax states that the $10,000 cap on state and local tax deductions would be lifted. However, such a measure would be more expensive than what is being discussed. The measure more … Read more
OMG. Please tell me I had a stroke and am misreading this. https://t.co/Hh4o7R7Fzm — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) June 28, 2021
Airlines have seen an unprecedented rise in disruptive passengers, and with reports of violence surging more generally – what’s causing this trend?
Watch the latest video at foxnews.com Sunday on Fox News Channel’s “Life, Liberty & Levin,” Florida Gov. Ron DeSantis (R) touted his state’s handling of the coronavirus pandemic. DeSantis advised that had Florida not pushed back against lockdowns, and other states followed suit, the United States would look more like Canada right now, which he … Read more
The Oakland City Council approved a budget on June 24 that will redirect $17.4 million from its police department to other programs over the course of two years. The city council voted 7–2 to adopt the plan that would cut $17 million from the police department and direct the funds instead to a violence prevention … Read more
Offering a blunt analysis of the Biden Administration, Steve Bannon made a major prediction of the future of Joe Biden as president and it’s looking imminent. “Between now and Labor Day, you’re going to see an implosion of the Biden Administration,” Bannon said. He made this statement following details of the collapse the country has seen … Read more
Please share this everywhere. It’s time to clean out the Republican Party of all the RINOs! https://populist.press/bannon-vows-to-destroy-gutless-mitt-romney-after-latest-move/
Boston Fed President Eric Rosengren is sending a warning on the U.S. housing market. Yahoo Finance’s Brian Cheung shares the details.
Billionaire bitcoin owner Mircea Popescu has reportedly died, leaving behind a cache of virtual currency and a controversial crypto legacy. The bitcoin pioneer, who was believed to own over $1 billion in the world’s No. 1 crypto, making him, at the time, one of the asset’s larger single-holders, died off the coast of Costa Rica, … Read more
Russia increases yet again its export tax on all grains as the EU wants to decrease production to meet green goals turning the bloc into a net cereal importer, but that leaves many countries on the planet to buy grain. Brazil in a super drought as rivers dry out and grain barges become grounded until … Read more
Yahoo Finance’s Brian Cheung breaks down the Federal Reserve’s Vice Chairman of Supervision Randal Quarles’ latest comments on why he skeptical about a US digital currency.
(ANP: In light of the National Guard just simulating a cyber attack that brought down utilities nationwide as shared in this new story over at The Drive, this report by Dr. Peter Vincent Pry takes on added importance, especially considering how quickly America would come crashing down in a long-term grid down scenario. In the only … Read more
How Amazon Bullies, Manipulates, and Lies to Reporters It was a slow news day at Gizmodo, the tech website where Dell Cameron worked. Without a story of his own to report he decided to aggregate—a journalism term for rewriting and crediting—a day-old Tampa ABC-affiliate’s TV piece on how Amazon’s Ring home surveillance security system was being marketed to … Read more
Our efforts to expose the bigoted view and dangerous conspiracy theories spread by right-wing activists has now resulted in @YouTube banning our channel and removing thousands of our videos. We attempted to appeal this decision, and YouTube rejected it. pic.twitter.com/74Rfi31uQe — Right Wing Watch (@RightWingWatch) June 28, 2021 View post on imgur.com After left-wing media … Read more
https://twitter.com/Breaking911/status/1409647742570229764
Here’s What You Need to Remember: As stealth becomes less of a trump card against savvy opponents, laser or even kinetic hard-kill active-protection systems may, in coming decades, provide a new layer of defense to warplanes that otherwise seemed to be at the mercy of increasingly long-range sensor and anti-aircraft weapons. While the United States moves … Read more
