Game Over, They’re Pulling the Plug

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Bill Holter interviewed on USA Watchdog by Greg Hunter Precious metals expert and financial writer Bill Holter said in early April that he thought we did not have much time until the financial meltdown started. He gave it 60 days. Two months later, the meltdown started in earnest right on time. The world is at debt levels never seen … Read more

The Fed Is Winging It: A 75 Basis-Point Hike “Seemed Like the Right Thing”

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by Ryan McMaken of Mises Institute The Federal Reserve’s Federal Open Market Committee (FOMC) today announced an increase of 75 basis points to the target federal funds rate, raising the rate to 1.75% from 1%. June’s meeting today was the third meeting this year at which the FOMC has raised rates. Coming into the March meeting this year, however, the … Read more

‘A crisis’: The US tampon shortage, explained

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“People who need menstrual products”? So I know about FEMALEs of a certain age needing them, but are The Soy heavy users as well? Not judging, just asking. Anyhoo, add this to the Brandon regime’s ever-growing list of success stories. People who need menstrual products are struggling amid a shortage of tampons in the US. … Read more

“Fed vows ‘unconditional’ inflation war, says soft landing still possible”

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(Reuters) -The Federal Reserve, fresh from its biggest interest rate hike in more than a quarter of a century, signaled on Friday that the rising risk of recession will not stop its battle to bring down searing inflation that’s punishing American households. “The Committee’s commitment to restoring price stability – which is necessary for sustaining … Read more

GOOGLE’S Bankruptcy Declaration; Russian Subsidiary Submits Bankruptcy Declaration-Ifax

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(Reuters) -The Russian subsidiary of Alphabet’s Google (NASDAQ:GOOGL) has submitted a declaration of bankruptcy, Interfax reported on Friday, citing court filings online. The subsidiary announced plans to file for bankruptcy in May after authorities seized its bank account, making it impossible to pay staff and vendors. https://www.investing.com/news/stock-market-news/googles-russian-subsidiary-submits-bankruptcy-declaration-ifax-2838149

Alasdair Macleod: A perfect storm in banking is brewing

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by Alasdair Macleod on Goldmoney: Banking regulators have made a prodigious error in their oversight of the commercial banking system by focusing almost solely on bank balance sheet liquidity as the principal determinant of risk exposure. And on the few occasions in the past when they have demanded banks increase their own capital, it has … Read more

Millions face mortgage misery…

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Millions of homeowners face mortgage misery after interest rates jumped for the fifth month in a row to a 13-year high of 1.25 per cent, which is this is the fastest that rates have risen over a six-month period since 1988. Borrowers with variable-rate deals will see their bills soar by hundreds of pounds a … Read more