Source – wallstreetonparade.co FTX Was Creating Money Out of Thin Air Like the Fed; and Trading Its Own “Stock” Like the Wall Street Mega Banks in their Dark Pools By Pam Martens and Russ Martens On June 10 of last year, Wall Street On Parade penned this headline: Seven Years after Michael Lewis Described on National…
Source – oftwominds.com FTX: The Dominoes of Financial Fraud Have Yet to Fall Once assets are revealed as worth far less than claimed, insolvency is the inevitable result. If you haven’t plowed through dozens of post-collapse commentaries on FTX, I’m saving you the trouble: here’s a distillation of what matters going forward. If you’re seeking…
Source – oftwominds.com Where Crypto Went Wrong By Charles Hugh Smith You want to fix the world with finance? Then fix this: wages’ share of a financialized, globalized, speculative-bubble dependent economy have been falling for decades. Fix this and you really will change the world. Anything less changes nothing. Let’s start by stipulating my perspective…
Source – freewestmedia.com US aid to Ukraine invested in crypto FTX scheme The sudden collapse of a crypto exchange linked to the Democratic Party in the US, has revealed that FTX presently suffers from $10-$50 billion in liabilities and virtually no assets. And among those liabilities, are “investments” made by Ukraine’s leadership clique. (Also Read:…
Source – economicprism.com Death to Zombies By MN Gordon On Thursday, the Bureau of Labor Statistics reported that consumer prices, as measured by the consumer price index (CPI), inflated at an annual rate of 7.7 percent in October. Investors went bananas on this apparent pullback in the headline CPI. The stock market responded with one…
Source – oftwominds.com I Used To Be Disgusted, Now I’m Disabused By Charles Hugh Smith It’s certainly possible to be disgusted, but being disabused of the fantasy that the system is self-correcting is the healthier perspective. (Also Read: Another Stolen Election @ https://www.paulcraigroberts.org/2022/11/09/another-stolen-election/) I used to be disgusted, now I’m disabused: beneath all the self-serving…
Source – forbiddenknowledgetv.net The FTX Collapse Explained in 99 Seconds By Alexandra Bruce (Also Read: Theft At FTX @ https://blog.portfolioarmor.com/2022/11/12/friday-night-theft-at-ftx/) The Gateway Pundit reports: “The word is now out. The Democrats sent tens of billions to Ukraine and then laundered this money back to Democrat pockets and funds in the US. Now the company is…
Source – truthout.org Four States Voted to End Slavery — But Not Louisiana. Here’s Why. By Mike Ludwig Voters in Vermont, Tennessee, Oregon and Alabama amended their state constitutions to abolish slavery and indentured servitude this week — but a similar initiative failed in Louisiana, garnering embarrassing headlines for a former slave state that remains…
Source – wallstreetonparade.com The Crypto Billionaire Featured on the Cover of Fortune in August Has Flamed Out in One Week By Pam Martens and Russ Martens (Also Read: From $16 billion to zero: Fortune of FTX’s Bankman-Fried wiped out in days – One of history’s greatest-ever destructions of wealth @ https://financialpost.com/personal-finance/high-net-worth/from-16-billion-to-zero-fortune-of-ftxs-bankman-fried-wiped-out-in-days) The August/September cover of Fortune…
Source – mises.org The End of World Dollar Hegemony: Turning the USA into Weimar Germany By Patrick Barron In a recent essay, I explained how over time the US abused its responsibility to control the supply of dollars, the world’s premier reserve currency for settling international trade accounts among nations. This abrogation of its duties is…
Source – mises.org The Petrodollar-Saudi Axis Is Why Washington Hates Iran Authored by Gary Richard Kish, since you are wondering, is an Iranian island in the Persian Gulf famed for its tourist and shopping attractions. It is becoming a serious rival to other nearby vacation hubs in Doha and Dubai. Along with pristine beaches and…
Source – commondreams.org It’s the Corporate Greed, Stupid Robert Reich People participate in a “March on Billionaires” event on July 17, 2020 in New York City. (Photo: Spencer Platt/Getty Images) Big corporations continuing to raise their prices above their rising costs (including their labor costs). Why? Because they can. Employers added 261,000 jobs in October…
Source – nymag.com The U.S. Government Is a Sham. The Federal Reserve Is Running a Secret Bond Market. Global Finance Is Controlled by an “Upperworld” of Rogue Black-Ops Fixers. By Guy Lawson The first rule of a confidence game is that it is impossible to con an honest man. Con men are not thieves, at…
Source – technocracy.news The Control Network: Laundering Money With Total Immunity Image: By Corey Lynn PDF 📄 Over the years, I have written several papers on global banking, central banks and in particular, about the Bank for International Settlements. Corey Lynn, sponsored by the Solari Report (Catherine Austin Fitts) digs deep into the central bank/monetary…
Source – theepochtimes.com There Really Is No Middle Class Any Longer – By Lance roberts There was a time when a large portion of Americans belonged to the “middle class.” It meant you could afford a decent living standard, such as owning a house and a car and had savings in the bank. When “baby…
Source – bombthrower.com On Never-Ending Jabs & Un-Repayable Debt… A quick jab, and then a pummeling. Forever. “If we discovered that, you know, space aliens were planning to attack, and we needed a massive buildup to counter the space alien threat, and, really, inflation and budget deficits took secondary place to that [collective purpose], this…
Source – economicprism.com Operation Break Stuff By MN Gordon Stagflation, sinking labor productivity, severe levels of public and private debt, a splintered real estate market… You name it. The economy’s crashing and burning like an old Cutlass Supreme. There’s nothing the central planners can do to fix it. No plans or schemes will get the…
Source – capitalistexploits.at THIS MOVE JUST ASSURED AN INVASION OF TAIWAN I am going to precede what I am going to talk about here with something else that in itself I would have thought rather noteworthy. Xi just opened the CCP conference on Monday with the statement that the control of Hong Kong is now “complete” and…
Source – internationalman.com Amid Energy Crisis, the Green Delusion Collides With Reality… Here’s What Happens Next by Nick Giambruno 25 refrigerators. That’s how much the additional electricity consumption per household would be if the average US home adopted electric vehicles. Congressman Thomas Massie—an electrical engineer—revealed this information while discussing with Pete Buttigieg, the Secretary of…
Source – zerohedge.com Marc Faber: A Massive Systemic Shock Is Coming & The Fed Is Actively Courting It Veteran macro analyst Marc Faber sat down recently for an interview with Wealthion. Below are the videos of the discussion, plus Wealthion host Adam Taggart’s notes of the key takeaways: PART1: A Massive Systemic Shock Is Coming…
Source – scheerpost.com How the Federal Reserve and Allied Central Bankers Wrote the Obituary for Competitive Capitalism Dr. Nomi Prins examines the games the wealthy elites play while the 99% suffer Rising from a world of deep financial sin at Goldman Sachs, where she served as a managing director during the creation of the housing…
Source – bitcoinmagazine.com Bitcoiners Have Cassandra’s Curse While being armed with knowledge is powerful, it can be frustrating for Bitcoiners who see the solutions to the world’s monetary woes… This is an opinion editorial by Mark Maraia, an entrepreneur, author of “Rainmaking Made Simple” and a Bitcoiner. Legend has it that there was once a…
Source – theguardian.com What Happens to Stocks When the 5th Largest Economy in the World Goes Bust? By Graham Summers, MBA (Also Read: Liz Truss resigns, U.K. markets in turmoil: What’s behind the crisis and what you need to know @ https://www.theglobeandmail.com/world/article-liz-truss-resignation-british-economy/) One of the central theses of my bestselling book The Everything Bubble is that once…
Source – asiatimes.com Chinese American gangster transformed cartel money laundering Officials suspect but can’t prove that China actively supports money laundering and the flow of illegal drugs to the US by Sebastian Rotella and Kirsten Berg This story was first published by ProPublica, a Pulitzer Prize-winning investigative newsroom. In 2017, US Drug Enforcement Administration agents…
Source – home.solari.com “It’s Global Govt Re-Engineering” – Austin Fitts Warns Fed Actions Are “100% Power Politics… It’s A War” Via Greg Hunter’s USAWatchdog.com, Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says what is coming for the economy is pain… and lots of it. CAF explains, “We…
Source – resilience.org Are Green Resource Wars Looming? By Stan Cox, Priti Gulati Cox The Burden of Massive EV Batteries Will Be Borne by People and Ecosystems Much of the excitement over the Inflation Reduction Act, which became law this summer, focused on the boost it should give to the sales of electric vehicles. Sadly,…
Source – thegreatrecession.info Celebrating Our Great and Feared Leaders This week, I am inspired by the awarding of the Nobel Prize in Economics to our own highly regarded Ben Bernanke, one of the world’s greatest economists who recognized, contrary to the average dolt who felt otherwise, that we were not in a recession in the…
Source – themostimportantnews.com SM:..”The Lifestyle You Ordered Is Out Of Stock”… The Era Of Cheap Food And Cheap Gasoline Is Over Authored by Michael Snyder All of our lifestyles are about to change in a major way, but the vast majority of the population still does not understand what is coming. Throughout our entire lives,…
Source – zerohedge.com The real war: it’s people vs. the banks By Alex Krainer Recessions, debt, energy crisis, inflation and wars… it’s all somehow related at a global level, impacting nearly all economies and markets. It also all seems to be going badly for the “rules based global order,” or as some prefer to call…
Source – veteranstoday.com Have we already forgotten the CIA’s rape of Russia during the 1990s? – By Hans Myrebro Läs Original på svenska – Read Original in Swedish Nowadays, we can witness in an all-too-clear way how the USA, with the help of its death squad, called NATO, has dragged Ukraine to the slaughterhouse in…
Source – charleshughsmith.blogspot.com Everything’s Fixed… Except What’s Broken Authored by Charles Hugh Smith Everything’s fixed except what’s no longer profitable to plunder. Underfunded, ignored, mismanaged by incompetents, it breaks. Everything’s fixed–except what’s broken. Hmm. Maybe we need to read that again. Everything’s fixed means it’s been “fixed” like a game or match has been fixed–rigged to benefit…
Source – oftwominds.com ‘Quiet Quitting’ Isn’t Just About Jobs; It’s About a Crumbling Economy The unraveling of hyper-Globalization and hyper-Financialization will generate consequences few conventional analysts and pundits anticipate. TikTok videos on ‘Quiet Quitting’–doing the minimum at work, giving nothing extra to the employer– have gone viral, and The Wall Street Journal quickly picked up…
Source – mises.org It’s all about the Benjamins: Why the Dollar Determines US Policies Christopher Paige Imagine a hypothetical libertarian paradise (“Paradise”) that seeks only to live in peace and harmony with the rest of the world. Unfortunately, the rest of the world is not as pacifistic as Paradise; indeed, it has at least a…
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