1. Slashed Government Services If the U.S. goes into default, or runs up against the deadline, the government will have difficult decisions to make. The law will require the U.S. to continue payments for entitlement programs such as Social Security and Medicaid, while at the same time denying the government the ability to borrow in … Read more
Typo: Meant to say AWAY from US dollars. — Wall Street Mav (@WallStreetMav) January 19, 2023
by Chris Black This “big oil” stuff is a meme from 20 years ago that I guess they’re bringing back. What they are demanding is ultra-high gas prices, with taxes supposedly being used to pay to build windmills or some crap. People don’t know this, but in most of the world, Marlboro cigarettes are under … Read more
by Chris Black This is totally insane. Look, no one likes Alec Baldwin. That goes without saying. But it’s not his responsibility to check the fidelity of the blanks in his guns on a movie set. That was the job of a professional, which in this particular case was a fat millennial girl. https://twitter.com/RPKReport/status/1616163474970939392 What … Read more
AMAZON Lays off 18,000 employees Across, United States, Canada & Costa Rica… Soft landing is off the table. Recession incoming 😢 pic.twitter.com/fCs8BXqdHd — Wall Street Mav (@WallStreetMav) January 19, 2023 FED'S WILLIAMS: THE FED MUST MAINTAIN ITS CURRENT POLICY UNTIL INFLATION RETURNS TO 2%. — FinancialJuice (@financialjuice) January 19, 2023 #copper just keeps on climbing. … Read more
Oh just another Simpsons prediction 😬 #bankofamerica pic.twitter.com/cDfpvOl9BU — Merica✝️🇺🇸 (@dfort65) January 19, 2023
Merrick Garland kept FBI out of Biden document search. And yes, it was a decision. They considered it, but somehow decided that sending actual law enforcement agents to oversee the search would “compromise” the investigation. . . . “We are protecting the integrity of the case by allowing the investigated to run it” is … Read more
via WSJ: A rapidly aging population, slowing growth in productivity, high debt levels and rising social inequality will weigh on the country’s economic ascent for decades to come, economists said. On Tuesday, the same day that China posted 3% growth, the second-worst growth rate since 1976, it also said that for the first time since … Read more
by Chris Black When you’re for sale to the highest bidder, sooner or later you’re going to wind up on everyone’s payroll. I’d be surprised if twenty or thirty different countries didn’t have the Bidens working for them at one point or another. Frankly, judging by the ethnic makeup of Biden’s cabinet, I’m guessing that … Read more
Bank of America Chief Executive Brian Moynihan told the World Economic Forum in Davos that official global standards on sustainability and climate were needed to “align capitalism with what society wants from it.” Moynihan supports the work of a new International Sustainability Standards Board. “An investment manager, a consumer, society, others can sit there and … Read more
via WSJ: Many Americans despair of reforming the culture of higher education. But a substantial majority of college students attend public institutions, and these schools are subject to state law. If legislators are determined to restore free speech and academic freedom, there’s a lot they can do. In cooperation with the Goldwater Institute, we’ve developed … Read more
by: JD Heyes (Natural News) A report published this week says that whether or not countries are ready for digital currencies or even understand the concept behind them, central banks are going to begin using them soon either way, and there isn’t much that can be done about it. The Wall Street Journal‘s report touched on … Read more
by Chris Black When have Democrats EVER said the government should spend less money? Ever? Or Republicans for that matter? It’s the same every time this happens: -Oh no, we spent too much money! -We need to raise the Debt Ceiling! Just to cover the existing spending. -*raise the debt ceiling* -*new spending gets authorized* … Read more
In the wake of Joe Biden’s classified documents scandal, and the revelation of a background check form that appeared to suggest Hunter Biden was paying an exorbitant amount in rent to his dad, it was discovered that a number of tax returns that had been on Joe Biden’s campaign website had been removed. At some point on … Read more
Little-Known Surveillance Program Captures Money Transfers Between U.S. and More Than 20 Countries. “The database, housed at a little-known nonprofit called the Transaction Record Analysis Center, or TRAC, was set up by the Arizona state attorney general’s office in 2014 as part of a settlement reached with Western Union to combat cross-border trafficking of drugs and … Read more
Single family permits imploded -6.5%, down to 730K SAAR from 781K, lowest since May 2020. Housing so unaffordable nobody even bothering to build it. pic.twitter.com/oNl7VjfEGl — zerohedge (@zerohedge) January 19, 2023
U.S. residents are now spending 30% of their income on rent, the highest in more than 20 years of Moody's tracking the data. "Rising mortgage rates caused many households to be priced out from homebuying and would-be buyers remained to remain renters," driving prices higher. — Lisa Abramowicz (@lisaabramowicz1) January 19, 2023
by BoatSurfer600 Source: https://www.cnbc.com/2023/01/19/european-central-bank-member-says-it-will-not-stop-at-one-single-50-basis-point-hike-thats-for-sure.html Current situation: 1. Stocks down like the Fed pivot is cancelled 2. Bonds up like the Fed is cutting rates 3. Crude oil up like the recession is canceled 4. Gold up like the recession just started 5. $VIX is at 21 like absolutely nothing is happening The market is broken. — The … Read more
Speaking of banking and keeping an eye on your account… via abc7chicago: CHICAGO (WLS) — Some Bank of America customers said money is missing from their accounts, including funds from Zelle deposits and transactions. Rey Garcia has trusted Bank of America with his money for 20 years. But when he noticed the problem happening to others, … Read more
New Zealand’s WEF shill Prime Minister Jacinda Ardern has announced she is resigning. The premier revealed that she would step down February 7 and will not contest this year’s election. via mirror.co.uk: New Zealand’s Prime Minister Jacinda Ardern has announced she is resigning in an emotional address. The premier revealed that she would step down February … Read more