Biden’s Education Dept will immediately wipe out out student loan debt for 40,000 borrowers

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President Joe Biden’s Education Department again moved to ease the burden of U.S. student loans on Tuesday, with the federal government claiming its latest reforms will wipe out debts for 40,000 such borrowers and bring 3.6 million Americans closer to ending their payments. Education Secretary Miguel Cardona called the current system a ‘life sentence’ for … Read more

Something is about to blow up…

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https://twitter.com/RetirementRight/status/1516544992956665859 Get ready for the supply chain issues to get 1000x worse… Shanghai covid lockdown: Ships just sitting there idle, without fuel, anchored in the sea, not able to pick up or drop off their loads. What's this going to do for supply chains that are already in trouble??? pic.twitter.com/baAG7RELZu — Rebecca Kerswell (@rebeccakerswell) April … Read more

Bond Market Crash of 2022

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Bond Market Crash of 2022 — Mike "Mish" Shedlock (@MishGEA) April 19, 2022 Gold Rising As Global Bonds Collapse (@TaviCosta) ➤ https://t.co/CFc73wQxhO#gold #bonds #yields #currencies pic.twitter.com/X2VYVVpcG7 — GoldBroker (@Goldbroker_com) April 19, 2022 CCC & lower effective yield keeps increasing underneath with reverse repo Fundamentals remain strong..lol pic.twitter.com/eVjOHDAyDY — Alessio (@AlessioTMAD) April 19, 2022

Another Thought on the Musk-Twitter Saga

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by Chris Black If the board refuse to sell to Musk at a price well above market value, could he sue the board of twitter as a shareholder for failing in its fiduciary responsibility to shareholder primacy (https://en.m.wikipedia.org/wiki/Shareholder_primacy)? I don’t know much about corporate law, but Dodge vs. Ford, 1919 (https://en.m.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.) shows that such a … Read more

Abolish the FBI

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by Chris Black While the FBI was investigating Trump supporting grannies, black terrorist Frank James was removed from their watch list and permitted to go on a shooting rampage in New York City. Like the first World Trade Center attack (and arguably the second), FBI negligence caused the city to be shut down and innocent … Read more

The US Justice System is a Joke

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by Chris Black 25k bail and an ankle monitor?!?! Racist criminal justice system kneels on the neck of another Black Body. He walked into the mall and thought he was defending himself from zombies! Nobody even died! Why didn’t the judge and prosecutor cut Jewayne some slack? We all know the answer to that. The … Read more

Mark Nestmann: This Is why internet privacy is gone…

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by Mark Nestmann: Over the years, we haven’t shied away from highlighting the threat to our privacy that our hyper-connected world poses. Whether it’s Big Brother spying on your smartphone, Google treating your personal data as its own, or Apple proposing a plan to automatically scan your iPhone or iPad for child pornography, both Uncle Sam and … Read more

Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This

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https://www.wsj.com/articles/inflation-jobs-fed-recession-economy-11650294297?mod=hp_lead_pos9 The Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly raising unemployment. Central bank officials think it is possible with calibrated interest rate increases that slow booming demand just enough to take steam out of an overheated economy. But even one of the Fed’s … Read more

Fannie Mae forecasts U.S. economy to fall into modest recession next year

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“Our updated forecast includes an expectation of a modest recession in the latter half of 2023 as we see a contraction in economic activity as the most likely path to meet the Federal Reserve’s inflation objective given the current rate of wage growth and inflation.” https://www.fanniemae.com/research-and-insights/forecast/inflation-rate-signals-tighter-monetary-policy-and-threatens-soft-landing

EU To Embargo Russian Oil Next Week

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Via ZeroHedge Update (13:15 ET): What was largely a theoretical modeling exercise until moments ago, is set to go live because Reuters reports that the EU is set to declare a full embargo on Russian oil after this weekend’s French election: EU GAS PRICE TO SHOOT UP AS EU TO DECLARE EMBARGO ON RUSSIAN OIL AFTER … Read more

Canada had biggest Q4 population loss since the 70s

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Canadians are packing up and leaving at a fast rate, during a traditionally slow period. Statistics Canada (Stat Can) data shows emigration, the act of leaving permanently, jumped in 2021. The past year showed modest gains, rising to the highest level in half a decade. The fourth quarter is what sticks out though, showing a … Read more

Canada is a partner in WEF’s program to bring digital ID to travel

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April 14, 2022 https://thecountersignal.com/canada-is-partner-in-wef-program-to-bring-digital-id-to-travel/ The Government of Canada, Air Canada, and two major Canadian airports have partnered with the World Economic Forum (WEF) on a digital ID project that could see a social credit-like system be required for traveling. “The pilot group, convened by the World Economic Forum, consists of the Government of Canada and … Read more