China is sounding the alarm about a global market bubble

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https://edition.cnn.com/2021/03/02/investing/china-banking-financial-bubble-intl-hnk/index.html One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the Communist Party boss at the People’s Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world. “We are really afraid the bubble … Read more

The U.S. national debt just surpassed $28 trillion…. Treasury yields jump… Bitcoin > 52,000

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https://twitter.com/SpencerKSchiff/status/1366882908179472385 Treasury yields jump https://t.co/NePSIx8Rj0 pic.twitter.com/0BGf1pl8UY — Bloomberg Markets (@markets) March 3, 2021 Drivers of the US bond market sell-off: (i) large fiscal stimulus timed to coincide with reopening of the US economy, making for a super-charged recovery; (ii) fiscal deficits (black) far above projected Fed QE buying (blue). Higher yields are a way to … Read more

IRS is set a trap for bitcoin and virtual currency investors on 2020 tax form

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The Internal Revenue Service (IRS) is making it harder for taxpayers to conceal cryptocurrency transactions — whether intentionally or not — by adding a new question about it near the top of the new Form 1040. The form released last week asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any … Read more

Congressman Jim Jordan: In the next two weeks, House Democrats will try to radically change:

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In the next two weeks, House Democrats will try to radically change: -Election laws-Police laws-Gun laws-Immigration laws — Rep. Jim Jordan (@Jim_Jordan) March 2, 2021 🚨BREAKING: Sources in DC report that Congress will be voting on Biden’s extreme gun control legislation as early as next week. Possible that they will bypass committee process. Stay tuned, … Read more

Dr. Seuss books to stop being published because of racist imagery

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https://www.foxnews.com/us/dr-seuss-books-canceled-racist-imagery “These books portray people in ways that are hurtful and wrong,” Dr. Seuss Enterprises told The Associated Press in a statement. “Ceasing sales of these books is only part of our commitment and our broader plan to ensure Dr. Seuss Enterprises’ catalog represents and supports all communities and families,” the statement continued. I would … Read more

PRIVACY: Facebook Is Betting That Users Secretly Like Targeted Advertising.

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Facebook recently launched an ad campaign to defend personalized advertising against Apple’s new privacy measures. The campaign, called “Good Ideas Deserve to Be Found,” touts targeted ads as a boon for small businesses. Here’s one of the ads, which I found amusing, if perhaps not exactly in the way that Facebook intended. The ad push … Read more

MCDONALD’S RESPONSE TO MINIMUM WAGE HIKES TOTALLY UNDERCUTS THE ‘FIGHT FOR $15,’ NEW STUDY SHOWS:

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The push for a $15 federal minimum wage continues across the country. But new research shows that if the “Fight for $15” wins, the biggest loser may just be your wallet next time you want to chow down on a Big Mac or Egg McMuffin. A recently-released study reveals that past minimum wage hikes resulted in much higher menu … Read more

FBI Director Chris Wray Tells Congress Antifa Not Involved in Capitol Hill Riots, After FBI Literally Arrests Antifa Leader, John Sullivan, for Participating in Capitol Hill Riots

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by Sundance This is a rather remarkable soundbite all things considered. Today, during his congressional testimony FBI Director Chris Wray was asked whether Antifa members participated in the January 6th Capitol Hill riot.   Director Wray says the FBI “has seen no evidence” of Antifa participating.  However, on January 14th the FBI literally arrested Antifa leader John … Read more

HIDIN’ BIDEN: Psaki Says Biden Still Has No Plans To Hold A Press Conference While In Office Biden has simultaneously refused to meet with world leaders during his first days in office

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White House press secretary Jen Psaki confirmed Monday that unlike his predecessors, President Joe Biden will not be holding a live press conference in the near future, despite having been in office for over a month at this point. When asked if Biden had scheduled his first press conference yet, Psaki replied, “Not yet, but … Read more

State of Emergency In Kentucky! “Major Flooding” Submerges Towns, Including Mine, Evacuation Ordered

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After a weekend of torrential rain, Kentucky Gov. Andy Beshear declared a state of emergency on Monday. State officials activated the State Emergency Operations Center to aid with rescue efforts as major flooding was observed, according to Lexington Herald-Leader. The declaration activated the Kentucky National Guard to assist first responders in water rescues, deliver supplies, … Read more

The Preferred Stock Purchase Agreements Will Hamper Access to Credit (Will Minorities Suffer As FHFA Tries To Reduce Overall Risk Exposure?)

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by confoundedinterest17 The Urban Institute has an interesting paper entitled “The Preferred Stock Purchase Agreements Will Hamper Access to Credit.” “The changes that Trump administration officials made to the preferred Stock Purchase Agreements (PSPAs) – the contracts that govern Fannie Mae and Freddie Mac’s relationship with the US Treasury – would restrict the volume of “high risk” loans they can … Read more

Separate Your Money from Your Emotions with Bob Wheeler

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from Kerry Lutz’s Financial Survival Network CPA Bob Wheeler says that, “We all deal with financial issues and choices every day. Most of what we learned about money came from our family. How they thought and reacted to money choices shaped our thinking today. Have you ever stopped to consider that maybe they didn’t know what they were … Read more

National Guard Troops in DC Hospitalized After Democrat Run City Repeatedly Feeds Them Raw, Undercooked Meat and Meals With Metal Shavings

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More than a dozen Michigan National Guard troops deployed to Washington, D.C. have been sickened, with some hospitalized, after being served raw, undercooked meat and meals laced with metal shavings according to a report by WXYZ-TV reporter Brian Abel Monday evening. In his report, Abel played a recording of a whistleblower describing meals: 74 with … Read more

Report: China’s ‘gray zone’ warfare against Taiwan at highest level

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Taipei [Taiwan], March 1 (ANI): China’s ‘gray zone’ warfare against Taiwan is now at the highest level, which could mean that Beijing is preparing for a full-scale invasion, Focus Taiwan reported citing local military experts warned on Thursday. Gray zone conflicts are activities by a state that are harmful to another state and are sometimes … Read more

Joe Biden loses patience with Vladimir Putin – major retaliatory move expected today

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JOE BIDEN is set for a collision course with Vladimir Putin by imposing sanctions on Russia later today. The US President is expected to punish Russia over the poisoning of Mr Putin’s rival Alexei Navalny, according to sources in Washington. The Russian opposition leader fell ill on board a domestic flight from Siberia to Moscow … Read more

Pelosi tweet from 2015 shows her on panel with Cuomo discussing sexual misconduct: Cuomo is now accused by three women of sexual misconduct.

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A 2015 tweet from House Speaker Nancy Pelosi, D-Calif., is coming back to haunt her as Democratic New York Gov. Andrew Cuomo is facing multiple allegations of sexual harassment. The New York Times reported on Monday of a third accuser who alleged that Cuomo touched her bare lower back and asked if he could kiss her at a 2019 … Read more