Shock Status: Imagined

by Chris Black Just a coincidence I’m sure… According to a report by the Times of Israel, the country’s two largest banks were able to transfer $1 billion out of Silicon Valley Bank to accounts in Israel before it was …

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Shock! IMF writes a 37-page research paper: “Gold as International Reserves: A Barbarous Relic No More?”

by Quant2011 https://www.imf.org/en/Publications/WP/Issues/2023/01/27/Gold-as-International-Reserves-A-Barbarous-Relic-No-More-528089?s=08 ​ In contrast to the diversification of foreign currency reserves, which has been undertaken by advanced and developing country central banks alike, active diversifiers into gold are exclusively emerging markets. We document two sets of factors contributing …

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SHOCK: College may be holding entrepreneurs back. MAGA investor, Peter Thiel gave Dylan Field $100K to drop out of college to start a company. Less than a decade later Dylan sold it for $20B making him a billionaire without incurring any student debt. Is college overpriced?

Dylan Field dropped out of an Ivy League school in 2012 to take a grant from the billionaire Peter Thiel and start a software company called Figma. A decade later, Field’s stake in the company is now worth over $2 …

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SHOCK: Half of employed workers in the United States consider themselves “Quiet Quitters” i.e. employees who do the minimum necessary to keep their jobs.

via washingtontimes: Half of U.S. workers responding to a recent Gallup survey now consider themselves “quiet quitters” — employees who do the minimum necessary to keep their jobs. The percentage of disengaged workers has risen steadily since 2019, according to Gallup. …

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SHOCK: New Orleans’ Democratic mayor refuses to allow her Black aides to fly business class despite her awareness that it is unsafe for Black women to economy class. Mayor LaToya Cantrell flies first class domestically and internationally including $30K flights to Switzerland and France.

via Dailymail: New Orleans Democrat mayor has declared economy class flights unsafe for black women, while insisting she wont repay $30,000 of taxpayers’ money blown on first-class flights to France and Switzerland. Speaking at a press conference Thursday, LaToya Cantrell said: …

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SHOCK: Biden’s Attorney General has threatened FBI and DOJ whistleblowers IN WRITING that they will be fired and prosecuted if they share information about malfeasance, fraud, and corruption within the federal government to members of congress. Garland is obstructing congress AND justice.

via grassley.senate.gov: BUTLER COUNTY, IOWA – Sen. Chuck Grassley (R-Iowa), Ranking Member of the Senate Judiciary Committee, today sent a letter to Attorney General Merrick Garland in response to Garland’s August 30 memorandum to Department of Justice (DOJ) employees about direct …

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