The ECB faces higher interest-rates and losses on its bond holdings

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by Shaun Richards This morning in Frankfurt ECB President Christine Lagarde has been setting out ger stall on monetary policy. In essence she is presenting herself as a doughty and valiant inflation fighter. For the ECB, displaying our commitment to our mandate is vital to ensure that inflation expectations remain anchored while inflation is high. … Read more

Democrats Lied About Abortion Just to Win

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by Martin Armstrong Dick Armey is the former House Majority Leader and an Economist from Texas. He was elected to Congress in 1984,and arrived in Washington as a novice. Dick, being an economist, was a strong believer in the policies of Ronald Reagan. He was a staunch supporter of his policies, which were revolutionary for … Read more

MORE CURRENCY CREATION IS GUARANTEED

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It’s not that often you use the word ‘guarantee’ and are right about it, but this could actually be one of those times. Question: what do you get when you combine a debt- grounded financial system with soaring interest rates? If debt levels keep rising, and the federal government has to pay interest on that … Read more

Pakistan is now following suite with India and want to purchase Russian oil

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by BoatSurfer600 The United States cannot stop Pakistan from purchasing Russian oil and it will be possible to do so soon, Pakistan Finance Minister Ishaq Dar said. Dar made the remarks while addressing the Pakistan Muslim League – Nawaz (PML-N) workers in Dubai on November 13, reported Pakistan media. Source: https://www.timesnownews.com/world/us-cannot-stop-us-pakistan-warns-washington-says-wants-oil-from-russia-on-indias-pattern-article-95573081

Former Treasury secretary calls G-7 Russian oil price cap ‘the most ridiculous idea I’ve ever heard’

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“The market is going to set the price so if you put sanctions on at higher prices, in a way you’re just making the situation worse, in my opinion,” Mnuchin told CNBC’s Hadley Gamble. G-7 nations are set to announce a fixed price cap on Russian oil that is exported through certain Western routes. Analysts say … Read more

FDA Announces LAB GROWN MEAT That Was Served at COP27 Climate Conference Is ‘SAFE TO EAT’: ‘The World Is Experiencing A Food Revolution,”

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The US Food and Drug Administration has approved lab-grown meat, a product grown from animal cells, for human consumption for the first time. The FDA announced Wednesday that laboratory-grown chicken developed by Upside Food, is “safe to eat,” clearing the way for the California-based company that creates cell-cultured chickens to begin selling its products. To … Read more

‘Big Short’ investor Michael Burry touts gold as a winner from the FTX fiasco – and hints he’s betting against the stock market

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Michael Burry has trumpeted gold as a likely winner from the crypto meltdown, and hinted he’s betting on stocks to tumble. Golden opportunity “Long thought that the time for gold would be when crypto scandals merge into contagion,” Burry said in a now-deleted tweet on Tuesday. The investor of “The Big Short” fame was almost … Read more

Ticketmaster’s Largest Shareholder Liberty Media Blames Bots for Taylor Swift Ticket Fiasco due to high presale demand.

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Greg Maffei, the CEO of Ticketmaster’s largest shareholder, Liberty Media, blamed bots for the ticket-selling company’s struggle to get Taylor Swift concert tickets into the hands of over one million “verified fans.” After a highly criticized ticket presale for Swift on Tuesday, Ticketmaster announced it would cancel Friday’s public ticket sales due to high presale … Read more

The Mega Wealthy Evil Cheat Code: Charity Organizations only Donate 5%

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Tom Brady and Gisele’s charitable foundation gave away just 0.08 PER CENT of former couple’s $770m fortune during their 15 year relationship – with one Costa Rican charity handed a meager $300 Tom Brady, 45, and 42-year-old Gisele Bundchen’s 13-year marriage was officially declared over on October 28 The divorce has thrown a spotlight on … Read more

Hot, Hot, Hot! New Gauge of Inflation Expectations Has Bad News (Indirect Consumer Inflation Expectations On The Rise And Above 8%)

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by confoundedinterest17 US consumers are feeling that inflation is hot, hot, hot! There is another Fed Open Market Committee (FOMC) meeting on December 14th and everyone is interested in what The Fed will do. Or how much will The Fed raises rates? Recent inflation numbers are still terrible (for the US, that is). But slowing, … Read more

4th Circuit Court of Appeals Just Fixed Section 230(c)(1): Heading to the Supremes!

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via thefederalist The 4th Circuit Court of Appeals (Richmond, VA) just ruled that Section 230 was wrongfully adjudicated. It was only meant to protect online social networks that DO NOT INTERJECT THEIR OPINION CONTENT ONTO THE SITE. Twitter, Facebook, Instagram etc. are NOT protected because they control their site through their political opinions. This crashed directly … Read more

FDA approves Lab Grown Meat

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For the first time, the Food and Drug Administration has cleared lab-grown meat, created from cultured animal cells, for human consumption, the agency announced on Wednesday. The FDA green light applies only to chicken products made by Upside Foods, a California-based company founded in 2015, though in its announcement the FDA said it is ready … Read more

ELON: Estimated cost per lunch served (at Twitter HQ) in past 12 months is >$400…$13M/year on food service for SF HQ.

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Especially bizarre given that almost no one came to the office. Estimated cost per lunch served in past 12 months is >$400. — Elon Musk (@elonmusk) November 13, 2022 False. Twitter spends $13M/year on food service for SF HQ. Badge in records show peak occupancy was 25%, average occupancy below 10%. There are more people … Read more