Didn’t Soros get rich partly by shorting the Pound? Made $1B off the Bank of England and British taxpayers when his shorts paid off.

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by rockytimber Prior to the EU, there was the European Exchange Rate mechanism (ERM). European countries fixed their currencies (+/- about 5%) to the German Deutschemark because Germany had the strongest economy. In order to maintain the exchange rate, the Bank of England had to intervene. It can do this by buying/selling British or foreign … Read more

The Money Printer Will Lead to Our Demise

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by Peter Schiff of Peter Schiff Podcast Coming straight from the Federal Reserve, we started this period with around 4 trillion US Dollars in the system. One year later, that number is at 6.7 trillion dollars. Meaning that over 40% of all US dollars were printed in just the last 12 months. And from the looks of it, … Read more

Citadel paid $88 million to Robinhood in Q3 2020 for “order flow”, making up nearly half of Robinhood’s revenue. Citadel is an investor in funds betting against GME share price. This week, Robinhood prevented customers from purchasing GME shares.

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by getToTheChopin Worth a read: https://www.washingtonpost.com/business/whats-the-dtcc-and-how-did-it-stop-gamestop-mania/2021/01/29/b23744bc-6257-11eb-a177-7765f29a9524_story.html https://twitter.com/KralcTrebor/status/1355356755690139650 Looks like the Depository Trust & Clearing Corporation (DTCC) increased margin requirements on GME stock on Thursday — which forced Robinhood to post more collateral. So the question then becomes, why did the DTCC make its decision, and what conflicts of interest do they have?  

This next 5 days will be the Alamo… Margin requirements up. Rates will skyrocket. Dollar up.

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https://twitter.com/fedupbizowner/status/1356399612479864835 Dow jones update : What i like to call " The in motion process"Going to get real ugly real soon . pic.twitter.com/UfTwbo7Wyw — The Great Martis (@great_martis) February 1, 2021 Another record for the history books: Last week was the highest $VIX *ever* for an $SPX decline of 0-5%. It's off the chart & … Read more

Silver Swans, Maginot Lines and the Unforeseen Risks of Collapse

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by Charles Hugh-Smith Our Nobility’s assessment of risk and their war-gaming of vulnerabilities are fatally deficient. Many people have heard of Nassim Taleb’s black swan but fewer understand how few events qualify as black swans. Per Wikipedia, a black swan is an unpredictable or unforeseen event, typically one with extreme consequences, an event that is beyond what is normally expected of a situation … Read more

Lynette Zang: SILVER FRENZY CREATES LEVERAGE – What Does The Silver Explosion Actually Mean?

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ITM Trading, Released on 2/1/21 Blog: https://www.itmtrading.com/blog/silve… Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. … Read more

All Debts Will Be Forgiven, Except Yours with Angela Sloan

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from Kerry Lutz’s Financial Survival Network For over 30 years Angela Sloan, CEO and founder of Sloan Financial Group, has dedicated herself to helping clients secure their financial future… Student loans are going to be forgiven, all or part. The market is expected to go up this year. Will the President kill the economy? $15 minimum wage is … Read more

BLS SAYS INFLATION IS 1.4%

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by Jim Quinn Your friendly government drones at the BLS are telling you inflation over the last year is 1.4%. The charts below, based on actual prices, beg to differ. In addition, they say the owner’s equivalent rent is only up 2.2%, while the real prices for houses is up 14% over last year. Are Americans so obtuse … Read more

Leftists from WallStreetBets (GameStop investors) are in a State of SHOCK Over How Fake the News is

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tdvx 1332 points “It is so fucking wild seeing such a broad coordinated misinformation attack by the media with 0 facts or evidence in their stories.” Miscelanou 640 points “Like seriously, I never really took the term ‘fake news’ serious before Like I knew it was shitty and one sided, but what we are dealing … Read more

FHFA Purchase-only HPI Increasing At 11% YoY In November As Fannie Mae, Freddie Mac Tighten Credit Standards

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by confoundedinterest17 The FHFA Purchase-only home price index rose at an 11% YoY pace in November 2020, even a faster pace than the dreaded house price bubble of 2005. Oddly, the GSEs Fannie Mae and Freddie Mac have been raising the average credit score (FICO) on loan purchases since Q1 2019. Over the same time period, … Read more