El Salvador’s bitcoin experiment: $60 million lost, $375 million spent, little to show so far

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It has been more than a year since El Salvador made history by becoming the first country to make bitcoin legal tender, and so far, 37-year-old resident Edgardo Acevedo has found the nationwide crypto experiment to be relatively anticlimactic. “I don’t think anything has changed, except that the country is more recognized than before, but the economic … Read more

Ye interviewed post fiasco: “I am happy to have crossed the line so we can talk about being canceled by a bank”…

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“”I feel happy to have crossed the line of that idea so we can speak openly about things, like getting cancelled by a bank.” West added that he was “the richest black man in American history, that put $140 million in JPMorgan”” Then he got spooked by a noise in the street and said bye. … Read more

Americans expect costs to RISE even more next year in sign that consumers are losing confidence that the Fed can tame soaring inflation, new survey shows

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by Boo_Randy With the MSM’s code of silence when it comes to reporting on the Fed’s fiat currency swindles, I doubt if even one in ten Muricans has made the connection between the soaring cost of living, and Money Printer Go BRRRRRRRR. We need to get the word out. Consumer expectations for inflation rose this … Read more

Zimbabwe R Us…‘This is not QE or QT. This is none of those.’ Why the U.S. Treasury is exploring debt buybacks

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by Boo_Randy THE US TREASURY HAS ASKED MAJOR BANKS WHETHER IT SHOULD BUY BACK SOME US GOVERNMENT BONDS IN ORDER TO IMPROVE MARKET LIQUIDITY. — FinancialJuice (@financialjuice) October 14, 2022 More financial f*ckery from Yellen the Felon. If the Fed bought U.S. debt, that would be quantitative easing, but if the Treasury buys back its … Read more

Bank of America: YTD annualized return for the 60/40 portfolio is the worst in 100 years.

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From @BankofAmerica Global Research: YTD annualized return for the 60/40 portfolio is the worst in 100 years. pic.twitter.com/VIBKWLV4Or — Ben Johnson, CFA (@MstarBenJohnson) October 14, 2022 Wow crazy pic.twitter.com/6pVn5fzmMd — Inverse Cramer (@CramerTracker) October 14, 2022 Another 20 year high … https://t.co/fNUspmXeYx pic.twitter.com/57RBW6SR3b — Bill McBride (@calculatedrisk) October 14, 2022 Not just the level, but … Read more

The Fed’s Limbo Rock! How Low Can Consumer Sentiment For Housing Go? (Lowest Reading Since 1992 As Fed Counterattacks Bidenflation)

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by confoundedinterest17 The Fed’s Limbo Rock! How low can consumer sentiment for housing go? The University of Michigan’s consumer sentiment index for housing for October just fell to its lowest level since 1992 as The Fed counterattacks against Bidenflation, causing mortgage interest rates to rise. Of course, despite slowing home price growth, expensive home prices are really … Read more

America’s inflation hotspots REVEALED…

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by Boo_Randy Rising costs hit everyone, but residents of Phoenix, Atlanta and Miami hurt the most, says study. Want to avoid the price hikes? Move to Anchorage I wonder what the REAL inflation numbers are? Phoenix, Atlanta, Miami, Tampa, and Baltimore are America’s most inflation ravaged cities Annual inflation runs at 8.2 percent nationally, but at … Read more

1 OF 5 CHARGES IN DURHAM REPORT DROPPED

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A federal judge on Friday threw out one of five charges against Igor Danchenko, the primary source for the infamous Trump-Russia dossier, in a major setback for special counsel John Durham’s investigation. The judge dropped one of the five false-statement charges, specifically pertaining to the allegation that Danchenko lied to the FBI about speaking with … Read more

US Retail Sales Stagnate As Inflation Hits Consumers (Fed Tightening To Combat Bidenflation)

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by confoundedinterest17 Bidenflation is just killing us. Now rising prices and The Fed’s counterattack are killing retail sales for American consumers. US retail sales were sluggish last month, suggesting shoppers are becoming more guarded about discretionary purchases in the worst inflationary environment in decades. The value of overall retail purchases were little changed in September after an … Read more