Who Has Better Ethics, the Social Security System or Bernie Madoff?

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by Patrick Barron via Mises According to Wikipedia, Bernie Madoff ran the world’s largest Ponzi scheme. The losses were estimated to be as high as $65 billion. Madoff had promised to invest his customers’ money in productive enterprises and pay them generous returns, when in fact he spent the money and manufactured fake statements. His returns to his customers … Read more

Former FTX CEO Sam Bankman-Fried says he will testify to Congress NEXT WEEK about the collapse of the cryptocurrency exchange in response to request to Democrats

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Sam Bankman-Fried announced on Friday that he is willing to testify to Congress next week about the firm’s collapse last month He said he will be limited in what he could say and that he ‘won’t be as helpful’ as he would like as he no longer has access to his files House Financial Services … Read more

Here comes the diversity- Biden Regime Boasts “Full Steam Ahead” on Terminating Title 42

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‘The Biden administration will be appealing a court ruling that invalidated a public health order U.S. border officials have used to expel migrants en masse from the U.S.-Mexico border during the coronavirus pandemic, the Justice Department announced Wednesday. A Biden administration official said the Justice Department was not asking federal courts to keep Title 42 … Read more

Government working with social media companies to stifle American free speech and interfere in our elections? This is a crime!

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We are NOT going to just “Let it go” WHO is going to hold them accountable. Serious question? Does it fall under our Military’s purview? Supreme Court? Since it is TREASONOUS… I say military.. 20. This post about the Hunter Biden laptop situation shows that Roth not only met weekly with the FBI and DHS, … Read more

When labor market remains tight & inflation remains elevated, the result is higher wages. The FED has to raise rates further otherwise inflation will bounce again.

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When labor market remains tight & inflation remains elevated, the result is higher wages. JOB VACANCIES / UNEMPLOYMENT RATE RATIO The FED has to raise rates further otherwise inflation will bounce again. pic.twitter.com/f5AAsxMSUD — Alessio (@AlessioTMAD) December 10, 2022

The Last Time (For Fed Hikes Rates)? Fed Forecasts SLOW Growth 1.2% YoY In 2023 As CMBS Are Getting Hit (Investors Worry About Credit Risk As Economy Weakens)

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by confoundedinterest17 This will be the last time (Fed rate hikes) as the US economy is forecast to either go into a recession in 2023 or slow down to an anemic 1.20% Real GDP YoY. Even the Fed is forecasting 3.10% core inflation in 2023, still higher than their target rate of 2%. One of the sectors … Read more

Illegal aliens are entering the United States in coordinated groups that continue to grow larger as the Biden regime does little to stem the tide

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Courtesy Dan Lyman…. More than 1,700 migrants swarmed Eagle Pass, TX, in three mass-crossings in the span of around 24 hours this week. On Thursday, approximately 700 illegal aliens streamed into the area in one of the largest pre-planned entries of the Biden border rush. “An enormous single group of nearly 700 migrants crossed illegally … Read more

China Reveals Digital Yuan with Expiry Date where People are Forced to Spend and not allowed to Save. CBDCs just became an even more Dystopic Nightmare.

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Just when the coming CBDCs couldn’t get any worse. Now centralized digital currencies can be assigned expiration dates. If you do not use your slotted money then you will lose it. China is experimenting with this concept through current Digital ID control and CBDC.   h/t SilentConsciou5

Musk: Twitter Child Porn Failures ‘A Crime’ “…they refused to take action on child exploitation for years!”

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Musk: Twitter Child Porn Failures ‘A Crime’ “…they refused to take action on child exploitation for years!” https://www.zerohedge.com/political/musk-twitter-child-porn-failures-crime On Thursday, three members of Twitter’s Trusty & Safety Council quit the company in a huff, claiming in a tweeted screed that the “safety and wellbeing of Twitter’s users are on the decline” since Elon Musk took … Read more

Now the pain comes. People are out of money. A market crash is far more likely than stagflation.

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by BoatSurfer600 The bond market is signaling that a biblical magnitude policy error is now in progress… Largest yield curve inversion since 1980 US Credit Card Debt Rises as Savings Fall Drastically https://twitter.com/WifeyAlpha/status/1601598917489364992     VIX 2008 vs VIX Now, Thoughts? Thanks for playing Retail Traders Lose $350 Billion in Brutal Year for Taking Riskshttps://t.co/rd9tagaPNh … Read more

‘There is nothing special about 2%’: BofA says the world’s central bankers just made up their inflation target

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The Federal Reserve has raised interest rates six times this year in its effort to lower inflation—currently at 7.7%—to what it considers to be the ideal level of 2%. But how did the central bankers decide that 2% is ideal rather than some other number? It’s a question several Fed critics have raised. On Friday, … Read more

Are you sure we can’t see an imminent crash in stocks?

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https://twitter.com/leadlagreport/status/1601306741303824384 Trying to actively manage the root layer of the financial system is even harder than trying to actively manage a portfolio. So in practice, it's like the firemen light the fire and then put the fire out, over and over. pic.twitter.com/XrtOeeyEKF — Lyn Alden (@LynAldenContact) December 10, 2022