Inflation crushes the poor. Tragedy. “for the poor increases in food prices may push them greater into poverty.They may also have to choose between feeding their families and medicines. They may have to choose between having a roof over their heads or food in their bellies.” https://t.co/6OxyD65rl9 — Paranoid Bull (@paranoidbull) May 12, 2022 Subdued … Read more
GOP Representative Kat Cammack posted an image of fully stocked baby food shelves in migrant centers at the border She juxtaposed this with an image of empty shelves where baby formula was supposed to be at American grocery stores ‘This is what America last looks like,’ the congresswoman lamented Biden directed his administration to prioritize … Read more
LUNA, the First Crypto to Hyperinflate, Is Now Worth Zero
by Martin Armstrong COMMENT: Mr. Armstrong, I just wanted to express my thanks. You were the only one who called the high in Bitcoin. You saved my marriage, my home, and my future. I tried to tell a friend who went and took an equity loan to invest in Bitcoin. He may lose his home now. … Read more
by Frank Shostak via Mises For most experts, deflation is bad news since it generates expectations for a continued decline in prices, leading consumers to postpone the purchases of present goods, since they expect to purchase them at lower prices in the future. Consequently, this weakens the overall flow of current spending and this, in turn, weakens the … Read more
By Graham Summers, MBA As I mentioned yesterday, the Mother of All Collapses is Coming And if you think the Fed is coming to the rescue stocks this time, you’re sadly mistaken. Historically the Fed “saves the day” by intervening in the markets whenever they come unhinged. Well, the markets are already down 20% and we … Read more
by Harvey Organ of Harvey Organ Blog GOLD; $1825.75 DOWN $26.50 SILVER: $20.68 DOWN $.88 ACCESS MARKET: GOLD $1822.00 SILVER: $20.70 Bitcoin morning price: $28,800 DOWN 876 Bitcoin: afternoon price: $28,681 DOWN 1077 Platinum price: closing DOWN $52.00 to $947.70 Palladium price; closing DOWN $119.45 at $1910.45 END DONATE Click here if you wish to send a donation. I … Read more
The world’s first living robots — known as “xenobots” — can now reproduce, US scientists have revealed. Details about the robots, created using the heart and skin stem cells from the African clawed frog, were unveiled last year after experiments showed they could move and self-heal. Now, the scientists at Tufts University, the University of … Read more
On Wednesday Gates spoke at The Wall Street Journal’s CEO Council Summit and was asked about Musk’s potential impact on Twitter following his acquisition Gates said that while Musk has a good track record, he could make the misinformation on the app worse ‘I have nothing but positive things to say about Elon, if he … Read more
by silvebackstacker Link: https://fred.stlouisfed.org/series/RRPONTSYD/
(CNN)A judge ruled Thursday that Fusion GPS, the opposition research firm hired to dig up dirt about Donald Trump’s ties to Russia for Hillary Clinton’s 2016 campaign, must turn over 22 internal emails to special counsel John Durham, who is investigating the FBI’s Russia probe. Fusion, the Clinton campaign and its law firm Perkins Coie … Read more
BREAKING: President Sheikh Khalifa bin Zayed Al Nahyan dies: UAE media https://t.co/dLKriU06q2 pic.twitter.com/EGi8qxXNiD — Al Jazeera Breaking News (@AJENews) May 13, 2022 So King Salman is dead and now this…. Its party time in the region Fasten your seat belt ….its gonna be a bumpy few months That’s for sure AC
by Shaun Richards Today has brought an opportunity to look at another facet of the cost of living crisis. I often look at house price inflation but this time around it is those who rent that take centre stage. As we look we will see many familiar themes and some matters I pointed out at … Read more
by Michael It is happening again. More than a decade ago, we witnessed an absolutely unprecedented “housing bubble” in the United States followed by a horrific crash that resulted in millions of Americans losing their homes and a financial catastrophe on Wall Street that we still talk about today. But instead of learning our lessons … Read more
How could Jay Powell possibly get reappointed to the Fed after overseeing the most horrendous Federal Reserve Policy in History in the midst of intentionally crashing the markets to clean up his many errors? — Paranoid Bull (@paranoidbull) May 13, 2022 the fed has managed to spark the highest inflation in four decades while simultaneously … Read more
Student loan forgiveness is a loser issue for the party that wants to win back the working class. pic.twitter.com/QbvO4TRgx5 — Bill Maher (@billmaher) May 11, 2022
It's not just Crypto currencies that are set to explode: pic.twitter.com/eCOFrNsoly — Mac10 (@SuburbanDrone) May 13, 2022 Oh neat, it really can go to -100% pic.twitter.com/x7Fa0uXLAd — Richard Heart (@RichardHeartWin) May 12, 2022 Coinbase shuts down retail from selling. pic.twitter.com/lW7pUqYYaT — Bitfinex'ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed) May 12, 2022
https://www.youtube.com/watch?v=06bJCvDAEpA
Billionaire-backers of crypto including Elon Musk and Brian Armstrong set to bear brunt of ‘bloodbath’ Armstrong, the founder of Coinbase, has seen $11billion vanish from his personal wealth Tesla, which took a $1.5billion gamble on Bitcoin last February, has already seen that investment fall flat Tyler and Cameron Winklevoss have reportedly lost half of wealth, … Read more
Costa Rica has declared a state of emergency after ransomware hackers crippled computer networks across multiple government agencies, including the Finance Ministry. The official declaration, published on a government website Wednesday, said that the attack was “unprecedented in the country” and that it interrupted the country’s tax collection and exposed citizens’ personal information. The hackers … Read more
