Oversight Chair James Comer Vows to Hold Corrupt FBI Director Christopher Wray in Contempt if He Continues to Violate Subpoena for Biden Crime Family Documents… ‘Fired Immediately’: DeSantis Pledges to Axe FBI Director Christopher Wray, Clean House in DOJ

via newsmax: House Oversight Committee Chair James Comer told Newsmax that he notified FBI Director Christopher A. Wray of potentially being held in contempt of Congress. Appearing Wednesday on “Eric Bolling The Balance,” the Kentucky Republican said Wray’s office has been “patronizing” …

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$57 billion withdrawn from commercial banks in the last week (May 3rd-10th). Since 2/22/2023, $590 billion in deposits have been pulled. $1,058 billion in deposits has been pulled since the all time hit 4/13/22. The bank run continues and picks up speed!

by Dismal-Jellyfish Source: https://www.federalreserve.gov/releases/h8/20230519/ https://fred.stlouisfed.org/series/DPSACBW027SBOG EDIT: I was originally using the not seasonally adjusted data instead of seasonally adjusted data. Have edited all the numbers to reflect (outside of the title). Apologies for the mix up–what I get for trying to …

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The purchasing power of the dollar continues to VANISH! In April, the purchasing power of $100 in January 2000 is $55.70 (down $.20 from March).

by Dismal-Jellyfish Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R Let’s zoom in on this since 2020: CPI tracks the loss of the purchasing …

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The labor market continues decelerating

🇺🇸🚨 Job vacancy in the US has dropped by 20.3% from its peak. Will employment data in the coming months see a similar declinehttps://t.co/rE61n1gCqU — MacroMicro (@MacroMicroMe) May 2, 2023 There is a 50% decline in software-development job postings compared …

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The Banking & Debt Crisis Continues

by Martin Armstrong The banking crisis continues and it is impacting funds that have been buying bonds. Allianz, a subsidiary of Pimco, is writing off countless millions with Credit Suisse bonds. The banking crisis has been the result of artificially low-interest …

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US Mortgage Applications Decline 7.7% From Last Week As Fed Continues Their Counterattack On Inflation (Purchase Apps Down 43% From Last Year, Refi Apps Down 76%)

by confoundedinterest17 US inflation is causing The Federal Reserve to raise interest rates, and mortgage applications are suffering. Mortgage applications decreased 7.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the …

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