‘PayPal in Talks to Buy Crypto Firms Including BitGo’, Paypal Seem to be going deeper on Crypto than first thought.

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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)

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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

Global central bank assets just crossed the $28T mark for the first time in history. Gold is about $700 cheap to it’s 2011 peak on an adjusted real yield basis according to PIMCO

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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. Banks now lend more to the government than to businesses/households.

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• 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

This Is How A State Goes Bankrupt, Illinois Edition

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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

Does Debt Matters For Economy and Gold?

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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

Poland is becoming police state. Gyms,Restaurants, Pubs closed. Mandatory masks

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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

Husband Sentenced to 188 Months in Prison for Human Trafficking Convictions Related to Forced Labor of Foreign Nationals

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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

Some major mistakes made by Biden in the debate

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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

Expected moves for AAPL, GOOGL, AMZN, MSFT, FB

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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

Hundreds of people on Twitter thought that Trump meant the actual animal when he said “The children are brought here by coyotes and lots of bad people.” These people vote.

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Imagine calling the immigrant parents that bring their children to the United States for a better life “Coyotes” The level of xenophobia is sickening. — David Hogg 🟧 (@davidhogg111) October 23, 2020 Did @realDonaldTrump just say 545 kids they can't find their parents for came over through "cartels and coyotes"?! How the hell does a … Read more