Yuan passes the U.S. dollar as the most-used currency in China’s cross-border payments

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(Kitco News) The yuan became the most-used currency in China’s cross-border payments in March, surpassing the U.S. dollar for the first time, Reuters cited official data. This development aligns with China’s plans to increase the use of the yuan internationally. Yuan cross-border transactions and receipts were at a record of $549.9 billion last month, up … Read more

US warns of ‘economic catastrophe’ Default on the nation’s debt would be disastrous, Janet Yellen has said

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A failure by the US to raise its debt ceiling would lead to an economic and financial crisis in the country, Treasury Secretary Janet Yellen has cautioned, urging lawmakers to act and not wait “until the last minute.” The debt ceiling is the maximum amount the US government is legally authorized to borrow to meet … Read more

THE MAN, THE MYTH, THE LEGEND:

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by Ed Driscoll   Shot: Jim Cramer Is Surprised No One Is Buying This ‘Very Good Bank’ Amid Crash. Celebrity stock picker and CNBC host Jim Cramer tweeted early Tuesday that First Republic is a bargain buy and he was surprised that a big broker wasn’t interested in it. “Fear is so palpable that no one seems to … Read more

YOU’LL OWN NOTHING AND YOU’LL DO AS YOU’RE TOLD:

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Biden administration is quietly planning for a future where you don’t own money. “Under the various CBDC [Central Bank Digital Currency] proposals floated by the Biden administration and Federal Reserve, a U.S. CBDC would be programmable, traceable and designed to promote various left-wing social goals, such as improving ‘financial inclusion’ and ‘equity.’ It would also be … Read more

Newly Revealed Emails Between Antony Blinken and Hunter Biden Blow Open a Web of Corruption

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via redstate: Newly revealed emails between Secretary of State Antony Blinken and Hunter Biden are raising eyebrows. According to Fox News, the president’s son had a close relationship with Blinken. That included Hunter Biden being hosted at the State Department in 2015. Why is that year important? Because it was right at the peak of Hunter Biden’s foreign … Read more

Largest Food Company Suddenly Raises Prices By 10%

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Nestlé, the largest food and drink company in the world, raised prices by a collective 9.8% in the first three months of the year as inflationary pressures increased input costs for the business. The Swiss conglomerate, which owns a variety of food brands such as Purina, Gerber, Nescafe, and KitKat, said in an earnings report that the price increases in several markets … Read more

Disinformationism: Before Biden Laptop Letter, Ex-CIA Boss Mike Morell Intervened on Russia Collusion Hoax in 2016, Benghazi Coverup in 2012

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Just a week after then-CIA Director John Brennan warned President Barack Obama that Hillary Clinton’s campaign was “stirring up” a Russia scandal to harm Donald Trump, the agency’s former acting chief became one of the first high-profile intelligence community figures to claim that the 2016 Republican nominee was a possible agent of Vladimir Putin. In … Read more

Biden quietly sent troops to Sudan…

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Fun fact, Sudan reached an agreement a few weeks ago with Russia to allow Russia to establish a port base capable of servicing their nuclear submarines. Fast forward a bit, shockingly riots and uprising. What are the odds.   h/t KlutzyArmy2

Walmart Has Been Videoing Gun Sales in Its Stores

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Walmart’s website opens with photos of mothers and children shopping, weekly specials on daily necessities, and — for those who click on the “Our Company” link and dig a little deeper — an unabashed admission Walmart has been videoing every gun sale in its stores. The “Our Company” tab shifts the website to Walmart’s corporate page, … Read more

Tech Giants Soar, but is the Uptrend Guaranteed? A Cautious Approach to Market Movements

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by bitkogan Microsoft delivered outstanding quarterly results, and Google (Alphabet) didn’t disappoint either, announcing a $70 billion buyback program. So, is an uptrend guaranteed? Once again, I wouldn’t be so sure. I did capitalize on yesterday’s drop, partially closing my positions in SOXS (Semiconductor Bear 3X) with a profit of about 16%, but I still hold the majority of them.   … Read more

Bank of England tells you to accept being poor

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He is blaming consumers for passing on their costs. But he never admits that the central bank has any responsibility for the problems.https://t.co/uT8gXbKzBv — Wall Street Mav (@WallStreetMav) April 25, 2023 The Bank of England’s chief economist has urged people to accept they are poorer, warning inflation risks remaining stubbornly high. Huw Pill told a … Read more

Wasting Away In Bidenville! US Mortgage Demand Rises 3.7% Since Last Week (WoW), But Mortgage Purchase Demand Remains -28% Lower Than Last Year (YoY) While Mortage Refi Demand Is -51% Lower

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by confoundedinterest17 Wasting away again in Bidenville. Nibblin’ on ice cream. Watching the economy boil. Particularly mortgage demand. Mortgage applications increased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 21, 2023. The Market Composite Index, a measure of mortgage loan … Read more

The current downturn started with one of the most expensive stock markets in history.

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Thus far, one of the key takeaways from this earnings season is that profits have begun to disappoint while revenues have remained resilient. This is a common trend during a business cycle downturn. According to historical data, changes in EPS tend to precede changes in… pic.twitter.com/f169JMMwyo — Otavio (Tavi) Costa (@TaviCosta) April 26, 2023 U.S. … Read more

‘My Friends And I Confronted The Executive Editors For NY Times, Washington Post, L.A. Times, Reuters On Their Censorship…’

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My friends and I confronted the executive editors for @nytimes, @washingtonpost, @latimes, @Reuters on their censorship of Seymour Hersh, Uhuru, Julian Assange, Tucker Carlson, Russiagate..Then the Dean of Columbia and security pushed me to the ground and tried to silence me. pic.twitter.com/Tm1u48n5Xu — Jose Vega — Vote Vega! (@votevega26) April 25, 2023 Part 2 coming … Read more