Crypto Carnage Exposes Untold Risks of Unbacked Digital Wealth

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by: Stefan Gleason Cryptocurrency markets were rattled this week by the abrupt collapse of FTX, a major exchange. Facing a wave of customer requests for withdrawals, FTX announced it was experiencing “liquidity” issues. Rival firm Binance initially offered to help facilitate an emergency rescue of FTX. But after some investigation of FTX’s finances, Binance concluded, … Read more

Alarm! REAL Average Hourly Earnings At -2.8% YoY In October, Negative Growth Since March 2021 (19 Straight Months Of Negative Earnings Growth!)

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by confoundedinterest17 Alarm! The inflation numbers are out for October and they still stink (headline inflation still sizzling at 7.7% YoY). But the number that really irks me is … REAL average hourly earnings growth is at a horrifying -2.8% YoY because of Biden’s terrible policies (aka, Bidenflation). Real average hourly earnings growth YoY has been … Read more

No Country for White Men

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by Chris Black Many such cases. Not good: -1 in 6 Hiring Managers Have Been Told to Stop Hiring White Men-52% of Hiring Managers Believe Their Company Practices “Reverse Discrimination” in Hiring-Large majority has passed on qualified applicants because they are not diverse enough https://t.co/k13flU3WA9 pic.twitter.com/nXjDIOR4RN — David J. Bier (@David_J_Bier) November 9, 2022 I’ve … Read more

Dead Democrat Elected in Pennsylvania

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by Chris Black No, I am not talking about Fetterman. Some folks commenting that the voters here were oblivious. Some certainly were. But for others, they likely preferred the idea of a special election over electing the third-party candidate on the ballot — Charlie Wolfson (@chwolfson) November 9, 2022 Live people voting for a dead … Read more

Joe Biden Threatens Elon Musk with Investigation

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by Chris Black Elon Musk endorsed Republicans. Now the Democrat government wants to bring him in to get probed. Following that midterms hoax on Tuesday, you’re going to witness the situation in America degrade rapidly. Reporter: Do you think Elon Musk is a threat National Security?Biden: *laughs* I think that Elon Musk’s cooperation with other … Read more

Red Wave, Give Me A Break

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by Chris Black The NY Times is predicting that the GOP will end up with 221 House seats. That is just 3 more than needed for a majority. Even if they outdo this prediction, it won’t be by more than a few seats. A truly pathetic showing given how unpopular the President, congress, Democrat party, … Read more

Fed Is NOT Unwinding MBS, 30yr Mortgage Rate Falls To Under 7% (Will The Fed ACTUALLY Unwind Its Balance Sheet??)

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by confoundedinterest17 Now that the midterm elections are over (except for counting of million of mail-in ballots, a massive moral hazard risk), President Biden has proclaimed that he isn’t changing any of his horrid policies. And apparently, neither is The Federal Reserve. Despite the headlines that The Federal Reserve is rapidly downsizing its massive balance sheet … Read more

Conservative Politicians Add Thousands of Twitter Followers After Musk Takeover

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by Martin Armstrong Twitter had been openly suppressing conservative voices. The extent to which they were suppressed could be seen days after Musk’s takeover. Multiple major Republican candidates suddenly secured thousands of additional followers, while the opposite was true for Democrats. Florida’s Governor DeSantis saw 3,770 new followers on the first day of Musk’s takeover. Within … Read more

The Fed’s Ability To Keep Shocking The Dollar And Gold Is Coming To An End

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by Adam Hamilton of Zeal LLC The Fed continued its extreme tightening this week with another monster 75-basis-point rate hike.  While that was universally expected, the Fed chair surprised waxing uber-hawkish at his post-FOMC-meeting press conference.  That yet again shocked the US dollar and gold into sharp opposing moves.  But the Fed’s ability to keep doing that is … Read more

“Officials in Arizona” warn the vote counting will take “about 2 more weeks” as suspicion and scandal grows

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State election officials warn that vote counting could take up to 12 days in Arizona, partially because the ballot in Maricopa County — the state’s largest — is the longest in Maricopa history. Katie Hobbs (D) is leading by 13,067 votes in the Governor race. An estimated 69.7 percent of votes have been counted. Sen. … Read more

Fleeing Crypto Con Billionaire Gave $69 MILLION DOLLARS of Stolen Money to Democrats For The Mid Terms!

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He stole money entrusted to him to fund Democrats mid-term elections, the FIFTH BIGGEST DONOR behind the Soros family! Why is nobody talking about this: an aside to the FTX news today, SBF dumped tens of millions into the Democrats for the midterms. pic.twitter.com/q0CxzAr11P — God's silliest lying dog-faced pony soldier (@natty_crusader) November 8, 2022 … Read more