Source – wallstreetonparade.co “…If one looks very closely at the structure of FTX, the collapsed crypto exchange now in bankruptcy and causing everything it touched to teeter, it was actually using a technique of the U.S. central bank – the Fed – to create money out of thin air; and a technique we’ve been writing…
Source – oftwominds.com “….The full exposure to the risks inherent in extreme leverage and illiquidity can be cloaked, buried in off-balance sheet assets and liabilities, etc., while pages of mind-numbing disclosures were duly signed by blinded-by-greed marks….Leverage works both ways, and so the 100-to-1 leverage that’s so glorious when the $1 yields $100 in gains…
Source – oftwominds.com “…Once you grasp the potential of community-based labor-backed cryptos, you realize cryptos took the greed-soaked path to the Dark Side of a destructive asymmetry of wealth and power…Scrape away the high-falutin rhetoric, and blockchain/crypto distills down to the same old greed and avarice that powers traditional finance“ Where Crypto Went Wrong By…
Source – freewestmedia.com “…So, Ukraine was a money laundering operation all along? The West donated billions to the “war effort” Zelenskyy invested that money into FTX CEO of FTX is the 2nd biggest donor to the Democrats (after Soros). FTX filed for bankruptcy. Billions missing“ US aid to Ukraine invested in crypto FTX scheme The…
Source – economicprism.com “…Raging consumer price inflation is the effect of too much money chasing too few goods. Central planners, both at the Fed and in Washington, are responsible for the mass money printing and the decline in economic productivity that have resulted in today’s sky-high costs. To bring prices back to earth, an ultra-mega…
Source – oftwominds.com “…Vested interests block adaptions that threaten their share of the spoils. Any advance that increases efficiency and productivity and furthers the public good is squelched, suppressed or co-opted by vested interests who rightly fear their share of the spoils might be diminished by advances that obsolete their particular cartel, monopoly or other embedded…
Source – forbiddenknowledgetv.net “…Cryptocurrency CEO and Democratic donor Sam Bankman-Fried funded the campaigns of key lawmakers overseeing the Commodity Futures Trading Commission (CFTC), the agency tasked with regulating the crypto industry, as he was lobbying the CFTC for greater oversight over the digital asset marketplace“ The FTX Collapse Explained in 99 Seconds By Alexandra Bruce…
Source – truthout.org “…For decades, journalists have documented the testimonies of Black prisoners at the Angola prison farm who say they are forced to pick cotton and other crops under the hot sun and watchful eyes of wardens. Curtis Davis, a lead organizer with Decarcerate Louisiana’s effort to pass Amendment 7, was released from Angola…
Source – wallstreetonparade.com “…As it turns out, folks don’t have a lot of confidence in the crypto exchanges that hold their crypto. The equivalent of bank runs seen in the early 1930s, before federal deposit insurance was enacted by Congress in 1933, can wipe out a crypto exchange in a week’s time. According to Reuters,…
Source – mises.org “…The world has seen all this before, and not just in less developed nations like Zimbabwe. The US will find itself in the same trap as experienced by Germany’s Weimar Republic following World War I. The Reichsbank, Germany’s central bank, printed papiermarks to placate powerful constituencies within Germany. As the Reichsbank printed…
Source – mises.org “…Why has Iran, then, incurred such wrath from the American military-industrial complex establishment? The regime’s Sturm und Drang regarding Iran—and, for that matter, any state that even intimates that it will conduct trade in oil without the dollar, cf. Russia—is all about the petrodollar system” The Petrodollar-Saudi Axis Is Why Washington Hates…
Source – commondreams.org “…Big corporations continuing to raise their prices above their rising costs (including their labor costs). Why? Because they can” 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…
Source – nymag.com ‘…Investors gave Bernie Madoff money because they trusted him. They gave Sam Israel money because they liked him—a gregarious, disarming goofball who, as a Wall Street apprentice, had invented an alter ego he called Captain Proton, a fearless superhero whose special powers were granted by vodka and cocaine. Now in his forties,…
Source – technocracy.news “…A band of criminals got together a century ago and decided they were going to own the world, hold all of the power, create and hoard all of the money, and keep everyone on a constant spin cycle to fool them. Not only were they going to construct it as they saw…
Source – theepochtimes.com ‘…With the pandemic-driven savings now spent, 60 percent of Americans say they are living paycheck-to-paycheck. While consumers can supplement their disposable incomes with debt to offset rising inflationary pressures, this is not a long-term solution…The reality is that middle-class America continues to shrink as the rich-get-richer and poor-get-poorer. The rich can invest, save, and use…
Source – bombthrower.com “…The (false) hope is that if debt can be paid down faster than it increases, or if “usury” (e.g., extortion by credit card companies) is outlawed altogether, then eventually Utopia will be achieved: Though everybody will be as poor as the dirt they’re digging from ditches that nobody needs, at least they’ll…
Source – economicprism.com “…The choice comes down to accepting less pain now by allowing interest rate hikes to do their work or risking complete collapse of society through an epic hyperinflationary blowout two years from now. Imploding markets – including currency exchanges, debt markets, stock markets, real estate markets, and more – will purge the…
Source – capitalistexploits.at “…Sleepy Joe has forced all Americans working in China to choose between quitting their jobs and losing their American citizenship. As a result, pretty much every American executive and engineer working in China’s semiconductor manufacturing industry resigned this last week, paralyzing Chinese manufacturing overnight. As of right now, every advanced node semiconductor…
Source – internationalman.com “…I suspect it won’t be long—perhaps sometime this winter—before Western governments turn to nuclear energy in a big way. There are indications they are already doing that. In short, the green delusion is an enormous market distortion—a blessing in disguise. Distortions in the market allow shrewd speculators to get positioned for big…
Source – zerohedge.com “…Today, too much wealth is being created without any social benefit, and oftentimes social impairment. In past centuries, politicians who acted against the interests of the people were often beheaded. There were severe repercussions. But today, there are no repercussions for poor governance. Good or bad, politicians know there’s a cushy board…
Source – scheerpost.com “…From the housing crisis to the pandemic, all disasters are an opportunity for plunder of the vulnerable. As Prins writes: “The world’s 10 richest men more than doubled their fortunes from $700 billion to $1.5 trillion at a rate of $15,000 per second, or $1.3 billion a day during the first two…
Source – bitcoinmagazine.com ‘…The frustration that this must have left Cassadra suffering is a sensation rather familiar to most Bitcoiners. All of us who understand our monetary system, realize how bad it is. Shockingly, this is not because any of us have been taught about it. It’s not taught in grade school or anywhere else…
Source – theguardian.com ‘…As I keep stating, the Great Crisis… the one to which 2008 was a warm-up, has finally arrived. In 2008 entire banks went bust. In 2022, entire countries will do so” What Happens to Stocks When the 5th Largest Economy in the World Goes Bust? By Graham Summers, MBA (Also Read: Liz Truss resigns,…
Source – asiatimes.com “…Li hit on a better way to address a problem that has long bedeviled the world’s drug lords: how to turn the mountains of grimy twenties and hundreds amassed on US streets into legitimate fortunes they can spend on yachts, mansions, weapons, technology – and bribes to police and politicians” Chinese American…
Source – home.solari.com “…They are doing everything they can to collapse the market share of the euro and then move that into the dollar syndicate…the Fed is going to keep doing this for some time now. They don’t mind, as you learned from the pandemic, collapsing the small business side of the economy or collapsing…
Source – resilience.org “…In the battery business, the Democratic Republic of Congo is referred to as “the Saudi Arabia of cobalt.” For two decades, its cobalt — 80% of the world’s known reserves — has been highly prized for its role in mobile-phone manufacturing. Such cobalt mining has already taken a terrible human and ecological…
Source – thegreatrecession.info ‘…Thanks to Uncle Ben’s perverted rice, the US was able to reinflate the crashed housing bubble and make it grander and more precarious than ever before so that we can now re-pop the bubble all over again — something they said couldn’t be done when they told us there was no moral…
Source – themostimportantnews.com “…I came across a tweet from a 47-year-old lawyer that really hammered this point home…-20 years ago, working as a server, I lived in a corner 1 bdrm apt downtown with amazing water views for $700/month. -A similar apt now $3,600/month, more than 5x as much. -As a lawyer at age 47…
Source – zerohedge.com “…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 it, “the empire of lies.” The real war: it’s people vs.…
Source – veteranstoday.com “…In June 1991, the Soviet Union was abolished by Boris Yeltsin, willingly assisted by both the KGB and the CIA’s top brass, who now aired gold and green forests. The IMF, the International Monetary Fund, was also in the background to make sure that everything was guaranteed to go wrong” Have we…
Source – charleshughsmith.blogspot.com ‘…Everything’s fixed means it’s been “fixed” like a game or match has been fixed–rigged to benefit insiders while the unwary onlookers and punters have been led to believe that it’s “fair and open.” That con job is the critical cover to cloak the fix/rigging. If a market or regulatory system can’t be…
Source – oftwominds.com “…The generational expectations of work are also changing, a reality reflected in “lying flat” and “quiet quitting.” Younger generations are re-assessing the sacrifices that must be made to claw one’s way into the upper-middle class and concluding the meager benefits (a huge mortgage, high-pressure work. no life beyond work, etc.) aren’t worth…
Source – mises.org “…In other words—and this must be perfectly clear—you don’t need to speculate about a conspiracy to realize that our global elites have powerful economic incentives to wage endless “wars” against bad guys; rather, you simply need to understand that American military might necessarily makes the dollar the world’s reserve currency, which necessarily…
