New disclosure in $COIN (Coinbase) 10-Q: “In the event of a bankruptcy…..customers could be treated as our general unsecured creditors.”

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New disclosure in today's $COIN (Coinbase) 10-Q: 👀 "In the event of a bankruptcy…..customers could be treated as our general unsecured creditors." 🚩🚩🚩 🚨Get your #Bitcoin off exchanges.🚨 pic.twitter.com/KDBiAvYcog — Sophia Zaller (@sophiamzaller) May 10, 2022   Coinbase earnings were bad. Worse still, the crypto exchange is now warning that bankruptcy could wipe out user … Read more

Consumer Price Index accelerated 8.3% in April YoY. Food at home CPI jumped to 10.8%. Stocks are are plummeting!

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Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years. Core CPI, which excludes food and energy, also was higher than expected, rising 6.2%. Shelter costs, which … Read more

What is White Privilege?

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by Chris Black You always hear the usual suspects talking about White Privilege. But what is it? "Train conductor Simon Isherwood suing former employer for firing him after he questioned 'white privilege'."@ReclaimTheNetHQ with news of one of the FSU's current cases. We've drafted in leading civil liberties barrister Paul Diamond to represent Simon.https://t.co/DX6J6WHMoO — The … Read more

Former Porn Star Tells Elon to Ban Porn from Twitter

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by Chris Black It’s rather common for ex porn stars when they get old and angry to crusade against young women going into porn. Many such cases. Ex-porn star Lisa Ann wants Elon Musk to ban X-rated content on Twitter https://t.co/6hNrchCcXn pic.twitter.com/nVUe9yXtFD — New York Post (@nypost) May 9, 2022 All that aside, she’s right, … Read more

Rats Preparing to Leave the Sinking Ship

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by Chris Black “Smart money” is hedging against a systematic implosion and overthrow. U.S. is more unstable and weak than it looks, the machine is running on momentum from a bygone era. The number of wealthy Americans applying for citizenship or residency in foreign countries has skyrocketed over the past three years as US billionaires, … Read more

Well it only took inflation reaching record highs of over 8% before the kid from Deliverance finally woke up and said something constructive about it.

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President Biden on Tuesday called combating the hottest inflation in 40 years his top domestic priority as he sought to reassure Americans over sky-high consumer prices, which have become a major political liability for Democrats. “I want every American to know that I’m taking inflation very seriously,” Biden said in remarks from the White House. … Read more

“Middle Class” Joe’s War On … The Middle Class (WTI Crude UP 102% Under Biden, Reg Gasoline UP 83%, Diesel Fuel UP 111%)

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by confoundedinterest17 Joe Biden likes to sell himself as “Middle Class” Joe. But Middle Class Joe declared war on the middle class with executive orders on fossil fuel drilling and killing the Keystone pipeline. Hence, his press conference on reducing inflation left off one thing: he could rescind the aforementioned executive orders. But he didn’t. So … Read more

Hedge Fund Tiger Global loses $17Bn YTD, or two-thirds of gains since inception in 2001

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https://www.marketwatch.com/story/hedge-fund-tiger-global-loses-17-billion-due-to-tech-stock-rout-11652189689 The hedge fund Tiger Global has lost roughly two-thirds of the cumulative gains it has made for investors since its inception in 2001, according to data from an investor that tracks the industry. LCH Investments estimates Tiger Global has lost about $17 billion this year. Heading into the year, Tiger Global had made net … Read more

Say what you want about Rand Paul but he absolutely abolishes the Ministry of Truth in one quote:

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Do you know, the greatest propagator of disinformation in the history of the world is? The U.S. government,” Paul said. “Are you familiar with McNamara? The Pentagon Papers? Are you familiar with George W. Bush and the weapons of mass destruction? Are you familiar with Iran-contra?” “I mean, think of all the debates and disputes … Read more

Turkey increasing jail time for food stockpiling

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The Turkish government is preparing to increase jail sentences over charges of food stockpiling to up to three years, the justice minister announced on Tuesday, as the country faces soaring inflation amid an economic downturn. “We are changing the penalty of food stockpiling and price gouging to between one and three years in prison,” Bozdağ … Read more

The Housing Bubble Has Popped

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by Dave Kranzler of Investment Research Dynamics I’m starting to believe that the housing market may have hit a wall in April. The graphic below is my reconstitution of the two charts sourced from Reventure Consulting (RC). It’s self-explanatory: Amusingly, I’ve noticed articles in the mainstream media which acknowledge that the market is slowing down but assert that “a crash … Read more

HOUSING MARKET CRASHING! WORSE THAN 2008

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by TheGriftee My family works in the real-estate industry in Florida. The housing market is plateauing and crashing now. It is being talked about within the offices but they know what is coming and some are selling their houses to rent and live in trailers so they don’t become “stuck”. This is the only warning … Read more

Apple’s head of machine learning becomes the most senior figure to quit in protest after being forced to go back to the office three days a week

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Ian Goodfellow, director of machine learning at Apple, has resigned in protest at the company forcing staff back to the office three days a week  Goodfellow is believed to be the most senior employee to quit so far, amid widespread dissatisfaction at Apple’s policy Google requires most employees back three days a week, but staff … Read more