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by Charles Hugh-Smith Masking the rot and fragility is not the same thing as strength or permanence. The great irony of the past 75 years of expanding consumption is the belief that all these decades of success prove the system is rock-solid and future success is thus guaranteed. The irony lies in the systemic fragility that’s built into … Read more
https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc., according to people familiar with the matter, a move that would expand its embrace of digital coins. PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the … Read more
Reuters: Fed defends 'pedal to the metal' policy and is not fearful of asset bubbles ahead (Sept 16, 2020) #FEDIDIOTS (TM)@ericrosengren @RobSKaplan @marydalyecon @raphaelbostic @neelkashkari @steveliesman @DiMartinoBooth @SBloomRaskin https://t.co/P9sCtWTrTp — M/1_LP (@MI_Investments) October 23, 2020 https://twitter.com/eringriffith/status/1318996518842650625 The Fed Saved the Economy but Is Threatening Trillions of Dollars Worth of Middle-Class Retirement https://t.co/XSRb65rCpp — M/1_LP (@MI_Investments) … Read more
And here we are…… New record. Global central bank assets just crossed the $28T mark for the first time in history. Call it a suicide mission that is set to severely devalue fiat currencies. pic.twitter.com/GteXxW6Eif — Otavio (Tavi) Costa (@TaviCosta) October 23, 2020 #Gold is about $700 cheap to it's 2011 peak on an adjusted … Read more
• Tighter credit to small firms • Middle market syndicated non-sponsored volume dropped in 3Q20https://t.co/s88qIsJmTF#bank #investor #lending #debt https://t.co/xiFGLAAxNt pic.twitter.com/lrpGwxyCJ8 — Mo Hossain (@MoHossain) October 23, 2020 Unavoidable. Banks now lend more to the government than to businesses/households. Treasury holdings are a record of $828B larger than C&I loans. The debt overhang is impacting the … Read more
BY JOHN RUBINO Somewhere back in the depths of the 20th century, a bunch of governors, mayors, and public sector union leaders got together and cooked up one of history’s greatest financial scams. They would offer teachers, cops, and firefighters extremely generous pensions but would avoid raising taxes to fund the resulting future obligations. Grateful workers … Read more
The U.S. passed a milestone! The federal debt in private hands surpassed 100 percent of GDP measured quarterly, in the second quarter of 2020. On an annual basis, it would exceed the size of the economy next year, due to a massive fiscal stimulus and a plunge in revenues amid the coronavirus crisis (however, the … Read more
https://twitter.com/thedonalddotwin/status/1319705271262994432
So apparently nobody cares that Biden had all of his debate answers and talking points supplied in real time via the iPad at his podium? Cool. @DonaldJTrumpJr pic.twitter.com/j5XrCRYFWp — Scott Atkins (@ScottFantasy) October 23, 2020
Poland's PM Morawiecki: – highest tier of restrictions– primary schools switch to e-learning (years 4-8) – restaurants, pubs, cafes, bars to close; takeaway only– rule of five for social meetings– seniors 70+ asked not to leave home unless essential (groceries, GP, pharmacy) — Jakub Krupa (@JakubKrupa) October 23, 2020 Plus online studying which destroys social … Read more
They are crushing us now. This is economic terrorism. https://www.bitchute.com/video/7janXTJ7kYfT/ AO
by DCG Ain’t that the truth! Since I didn’t watch the debate, I watched video clips on Twitter last night after it was over. This was a good one: LOL this was my favorite moment of the night: Trump just had to teach Biden how to make a convincing argument to the audience pic.twitter.com/DHb4bSk3pn — … Read more
The Justice Department today announced that former Stockton, California resident Satish Kartan, 46, was sentenced today to 188 months in prison for forced labor violations. In addition, U.S. District Judge Morrison C. England Jr. ordered $15,657 be paid in restitution to three victims, in part to cover their back wages and other losses. On March 14, … Read more
There are serious consequences for attempting to stop the business cycle from functioning. The system needs an Economic Detox and yet it’s just getting more of the game garbage fed to it, every single day. The problem is only compounded. The danger is only mounting. The desire to create a bigger bubble is not to … Read more
https://www.youtube.com/watch?v=mHhbYgfVnTs Martha McSally: ‘They are trying to influence this election. I think this is election interference.’
Some major mistakes made by Biden in the debate: He made immigration an issue with amnestyHe made fossil fuels an issue with ending oil industryHe laughed at cheap gasolineHe linked himself with Obamacare/BidencareHe pushed the green new dealHe pushed $15/min wage — unseen1 (@unseen1_unseen) October 23, 2020 He had no hope to go with the … Read more
https://invidio.us/watch?v=lIe859xRxe0
by cclagator A 7 day expected move comparison of the big tech names set to report next week. Kind of huddling in the 4-6% range with the bigger moves expected in Amazon and Facebook and the smallest in Microsoft. None are crazy, even with the VIX near 30. Market vol is pumped because of election/stimulus etc, not … Read more
