California lawmakers reintroduce amended zero bail bill in waning days of session.

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via thecentersquare: (The Center Square) – With California’s legislative session set to end Aug. 31, lawmakers this week resurrected a last-minute proposal to reform the state’s bail system.  The proposal, contained in Senate Bill 262, would prohibit the “costs relating to the conditions of release on bail from being imposed on persons released on bail or their … Read more

CIVIL RIGHTS UPDATE: Texas judge overrules ban on 18-to-20-year-olds carrying handguns because they were ‘part of the militia in the founding era.’

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A federal judge in Texas has overturned the state’s ban on allowing people 18 to 20 to carry a handgun. Firearms Policy Coalition challenged the Texan law, saying it violated the Second Amendment. The ban only applied to handguns, with 18-year-old Texans permitted to carry long guns for 60 years. A federal judge in Texas has overturned … Read more

The UK energy crisis is ‘bigger than the pandemic’. Nearly one in four ‘won’t turn on heating this winter’ as energy bills soar.

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via CNN: London (CNN Business)The United Kingdom will have to find an answer to soaring energy bills soon or risk a humanitarian crisis. But freezing gas and electricity prices over the next two winters could cost the government over £100 billion ($118 billion), more than it spent paying millions of people’s salaries during the pandemic. … Read more

Chinese yuan is rapidly depreciating against USD. China is easing while Fed is tightening. Is the yuan due for a more severe devaluation…?

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by silvertomars 🇨🇳 #China’s industrial profits plunged about 13.5% YoY in July (fastest pace since March 2020), according to an estimate from Bloomberg Economics. *The official YTD showed a 1.1% drop in the first seven months of 2022, compared to a rise of 1% in the six months through June. pic.twitter.com/LdP34ZfV6m — Christophe Barraud🛢🐳 (@C_Barraud) August 29, 2022

This is the first time in history the Federal Reserve is doing monetary tightening in a global downturn.

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by BoatSurfer600 Credit defaults just at the START of an exponential rise….love it pic.twitter.com/4mIUnkOMqe — Craig Mako (@CraigMako) August 28, 2022 The Fed has never hiked rates during a recession, expect stock markets to fall another 50% – Todd ‘Bubba’ Horwitz   What was widely viewed over the summer as the last chance to buy, was … Read more

Polish Homeowners Line Up For Days To Buy Coal Ahead Of Winter

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Several weeks ago we reported that amid Europe’s mindblowing gas and electricity prices, Deutsche Bank predicted that a growing number of German households will be using firewood for heating, a forecast which appears to have become self-fulfilling as German google searches for firewood (“brennholz”) had since exploded off the charts: But while Germans are still “searching” merely in the … Read more

Coming Soon to the IRS: France uses Google Earth and a Google developed AI to find Tax Cheats

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France is using a Google AI algorithm to locate tax cheats all over their country. The IRS can use a couple thousand of those new agents to do the same thing here, and that would just be the beginning of their AI usage. https://www.france24.com/en/live-news/20220829-france-taxman-deploys-ai-spy-to-spot-hidden-swimming-pools France’s tax authority said Monday that a new artificial intelligence system … Read more

13 states will most likely tax the 10k-20k in student loans……debt forgiveness is income!

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via justthenews: More than 60% of borrowers are Pell Grant recipients, which means they will have to pay the higher tax rate. Borrowers in thirteen states who have student debt canceled under the Biden administration’s plan may still be taxed hundreds of dollars next year on their forgiven loans. President Joe Biden announced major reforms to student debt last … Read more

Lawyer: January 6 Clients Are Being Tortured

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Lawyer: January 6 Clients Are Being Tortured “For the first time in U.S. history, the political party in power is hunting down and jailing members of the opposition party for political dissidence, and . . . torturing them in jail.” https://amgreatness.com/2022/08/28/lawyer-january-6-clients-are-being-tortured/

No Powell Pivot, so the Bear is Back!

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by David Haggith  Bear-market rallies are always built on delusions. A breath of hope returns to the dying bulls, and all the testosterone and adrenaline rushes to their veins. There is typically no rationality to it. It is pure sentiment, so the rallies are strong, unthinking, and vicious toward anyone who shorted the market, making shorting … Read more

Feds Declare Emergency in 4 STATES After Oil Refinery Fire in Indiana

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First food processing plants now, when there’s a fuel shortage, this? Obvious is obvious What’s going on with all this critical infrastructure going up in flames? — Cryptid Politics (@CryptidPolitics) August 28, 2022 CHICAGO — The Environmental Protection Agency temporarily lifted a federal rule for fuel sales in four states, including Indiana, in response to … Read more

U.S. 2-YEAR TREASURY YIELD CLIMBS TO 3.48%, HIGHEST SINCE NOV. 2007

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by PrettySugar9264 Historically when fed raises rates risk assets (stocks) get sold off! ⚠️BREAKING: *U.S. 2-YEAR TREASURY YIELD CLIMBS TO 3.48%, HIGHEST SINCE NOV. 2007 🇺🇸 🇺🇸 pic.twitter.com/zcqdnQ45w7 — Investing.com (@Investingcom) August 29, 2022 Scary times ahead, but I don’t feel as bearish as many I am seeing are…. we may get close to our … Read more