LA Pays $2600 Per Homeless Tent Per MONTH?

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On today’s stream: A city-run homeless encampment in Los Angeles costs $2,600 per tent PER MONTH, a priest stands up to pro-abortion clergy and is asked to resign, and we debut Will’s new video in which he gets some unbelievable answers to the question: “What is a Woman?”

$10 BILLION BAILOUT FUND FOR JEFF BEZOS

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NOW THAT Jeff Bezos’s space flight company Blue Origin has lost a multibillion contract to Elon Musk’s SpaceX, Congress is prepping the ground for Bezos to win a contract anyway, ordering NASA to make not one but two awards. The order would come through the Endless Frontier Act, a bill to beef up resources for … Read more

A “Tsunami of Cash” has pushed reverse repo to higher usage and at ZERO rates

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(Bloomberg) — The amount of cash sloshing around in U.S. dollar funding markets looks unlikely to abate anytime soon and that’s set to put downward pressure on short-term rates until next year unless officials act to alter the situation. That’s the view of strategists at Bank of America Corp., who foresee further increases in usage … Read more

Investors Are No Longer Bearish Bank Stocks (But Maybe They Should Be)

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by jessefelder Back in October I suggested investors had probably gotten too bearish on the banks. Since then these boring, old, nocoiner institutions have dramatically outperformed the broader stock market. Hell, Wells Fargo has more than doubled in price over just the past seven months. But, as a group, these stocks can no longer be considered cheap. Furthermore, the best indicator … Read more

SICKENING : Nearly One Million People Pose a Sexual Risk to Children in the UK, Reveals Britain’s FBI

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There are up to 850,000 people who pose a sexual risk to children in Britain, according to a report from the United Kingdom’s equivalent to the FBI, the National Crime Agency (NCA). The 2021 National Strategic Assessment of Serious and Organised Crime published by the NCA on Tuesday claimed that between 550,000 and 850,000 people … Read more

The Real Point Of Cryptocurrencies Is Not Their Price

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BY JOHN RUBINO The Wall Street Journal recently posted an email conversation between columnist Andy Kessler and billionaire Mark Cuban in which Cuban explains the real point of cryptocurrencies. Hint: It has nothing to do with the price of bitcoin or ethereum. Mark Cuban Knows Crypto The Dallas Mavericks owner explains the allure and efficiency of … Read more

Systemic Risks Abound

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by Charles Hugh-Smith If you wanted to design a system guaranteed to collapse in a putrid heap, you’d make moral hazard ubiquitous and you’d make the system 100% dependent on a hubris-soaked faux savior. For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the … Read more

Air Passengers Warned to Behave Ahead of Holiday… Woman charged with assaulting SOUTHWEST attendant, knocking out teeth…

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(Bloomberg) — U.S. government officials monitoring the airways say they won’t tolerate passengers who refuse to don masks as airline travel surges ahead of the summer season. A recent spike in unruly passenger reports, many of them involving people refusing to cover their faces, prompted Homeland Security Secretary Alejandro Mayorkas on Tuesday to issue a … Read more