Bank bosses are hiding $600 billion in unrealized losses to keep their mega bonuses. Here’s why portfolio securities should be marked to market

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via fortune: Silicon Valley Bank (SVB) failed because it invested too much in long-term bonds that lost value when interest rates went up. That’s what our accounting rules encourage banks to do. As a consequence, U.S. banks, including some of America’s leading banks, are estimated to have over $600 billion of unrecognized losses on the “underwater” … Read more

It’s almost if they are purposely trying to kill the dollar or should I say the Federal Reserve Monopoly Notes

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by BoatSurfer600 A settlement that will allow thousands of student loan debts to be canceled will go into effect after the Supreme Court on Thursday declined to block it. The Supreme Court in a brief order rejected a request made by colleges challenging the settlement.   https://www.nbcsandiego.com/news/national-international/supreme-court-allows-6-billion-student-loan-debt-settlement/3207738/

Bubble? Semiconductor and clean tech investments almost 2X commitments made in the same sectors in 2021, and nearly 20X the amount in 2019

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The Inflation Reduction Act, which became law last August, includes $369bn of tax credits for clean technologies Companies have committed more than $200bn to US manufacturing projects since Congress passed sweeping subsidies last year The investment in semiconductor and clean tech investments is almost double the commitments made in the same sectors in the whole … Read more

Court Rejects Bragg’s Request for Restraining Order Against Jordan

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Manhattan District Attorney Alvin Bragg’s urgent request to enter a restraining order against Rep. Jim Jordan (R-Ohio) was rejected on April 11, the same day it was filed. On April 11, Bragg sued Jordan for allegedly infringing on state sovereignty. Jordan has subpoenaed a former Bragg deputy and demanded documents from Bragg’s office regarding the … Read more

Despite bringing in 1 million immigrants last year – “Canada needs 30,000 immigrants to fill farming labor shortages this year”

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via cbc As Rehan Khan scans his 160 acres of muddy, partially snow-covered field, he sees golden — and red — opportunity. “The first year, I seeded oats. Then in 2022, it was wheat. This year, it’s red lentils,” said the father of two who farms near Yorkton, Sask. Khan left Pakistan in 2018 so … Read more

German Govt Seeks Power to Ban Social Media Accounts over ‘Digital Violence’

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The German government is looking to grant powers to courts to block the social media accounts of citizens who engage in ‘digital violence’. Earlier this week, the Federal Ministry of Justice called for the creation of a “law against digital violence” under which German courts could ban social media accounts of individual users and even … Read more

It makes absolutely no sense even for a propaganda piece. I can’t tell if we have become much smarter or if the headlines are getting dumber. No way people actually believe this garbage anymore, right?

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by BoatSurfer600 https://archive.ph/2022.10.05-202430/https://www.businessinsider.com/falling-labor-productivity-company-profit-margins-stock-market-crash-recession-2022-10 I swear this worthless loser is the biggest idiot on planet earth. https://t.co/wDnV56lQtA — Catturd ™ (@catturd2) April 16, 2023  

THOMAS HOGAN: The Fed Is Bankrupt.

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via aier: In the post-pandemic period, the Fed expanded the money supply significantly to support a swift economic recovery. It did so by purchasing vast amounts of US Treasury bonds and mortgage-backed securities. While those assets seemed like good investments at first, they are now a major hole in the Fed’s financial position. When the bulk … Read more

We are already illegally at war with Russia.

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https://twitter.com/burningplat/status/1647921054923526146 Brazil's President says the EU only wants war, weapons, and NATO expansion, while BRICS nations want a peaceful resolution: "How can we achieve peace between Russia and Ukraine if no one is talking about peace? Everyone is talking about war, talking about providing weapons to… pic.twitter.com/wOrioShjzE — KanekoaTheGreat (@KanekoaTheGreat) April 16, 2023 Oh look … Read more

Things are not looking great: Credit crunch fears are taking hold, fueling concerns of a crippling US recession. China isn’t coming to save us this time like in 2008

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by DefinitelyNotJasonB The M2 money supply is contracting, unemployment is super low, we are in a deep protracted yield curve inversion, and the Fed is in a tightening cycle. Every time these things have ever been true at the same time we’ve gone into a very deep recession. There is 1.5T in office real estate … Read more

This is almost as bad as the illegal government surveillance Edward Snowden exposed in 2013…. The Deep State is real.

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Based on this, it would be safe to assume that the US Gov still has complete access to our DMs and activity on other social media platforms like Facebook, Instagram, Telegram, and Google. — Chairman (@WSBChairman) April 16, 2023 The Deep State is real. Another "conspiracy theory" we were right about. We were right about … Read more

Chinese Company Ditches Human Creatives for ChatGPT-Style AI

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Prepare for unemployment. In news no creative wants to hear, a Chinese media and public relations giant has ditched human copywriters and graphic designers in favor of artificial intelligence. In an internal staff memo seen and reported(Opens in a new window) by Bloomberg News, Bluefocus Intelligent Communications Group Co. says it will use ChatGPT-like generative … Read more

Texas residents say there is a media blackout on a local aerial killer who killed 13 people on Rainey Street

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via yahoo: A second man’s body was pulled from Lady Bird Lake in Austin, Texas, in two months, fueling fears a serial killer is hunting the city’s downtown social hub. But Austin Police say the recent drownings are coincidental, and there’s no evidence of foul play. The community’s speculation was discussed openly during Thursday’s city … Read more