Aug 22 06:09

Beware An "Instability Cascade": One Bank Warns That Stocks Are About To Hit Record Fragility

Back in late 2017, Bank of America's derivatives strategists made a remarkable, if hardly original, observation - the bank said what everyone knew but was afraid to voice namely, that "In Every Market Shock Since 2013 Central Banks Have Stepped In To Protect Markets."

Aug 22 06:09

GM Expands Bolt Recall To All Remaining Vehicles, Will Take $1 Billion Charge

GM has vastly expanded its Chevy Bolt recall that it had previously issued due to risk of fires.

The company said on Friday it was going to take a $1 billion charge as a result of the recall and that it was "indefinitely" halting sales of the EV due to the risk of fire from the car's battery pack.

The expanded recall "covers 73,000 vehicles from model years 2019 through 2022," Reuters reported Friday. It now encompasses all remaining Bolt vehicles that hadn't been previously recalled. The company is targeting replacing defective battery modules with new ones as a solution.

GM had already set aside $800 million for previous recalls, which is not included in the new $1 billion cost for the company.

Aug 22 06:01

$250 Billion Fund CIO Fears Painful Reversion Of "Fed-Enabled Dissonances" Between Reality & The Market

A scientist renowned for delivering speeches exciting and inspirational had been travelling from city to city with his chauffeur. After the speech was finished and the audience clapped and rose to their feet, the chauffeur spoke with some irritation to the scientist:

“You know, I listen to you give these same speeches, night after night, and you say them exactly word for word! I bet I could deliver your speech at our next venue.”

The scientist, a bit miffed, replied:

“Okay, why don’t we exchange clothes, and I will drive you to the next venue, and you, my chauffeur, can deliver my speech.”

Sure enough, the chauffeur – dressed as the scientist – delivered an extraordinary speech and once again the audience stomped and applauded. However, this time the moderator stood and said, “Wow – amazing speech. But I think we have some time for questions.”

A man in the audience rose and inquired about an esoteric point.

Aug 21 09:09

“I Have No Choice” But to Keep Working

Aug 21 07:31

Bonds Flashing a Death Cross

Aug 21 07:18

The $26 an Hour Minimum Wage?

That may sound pretty crazy, but that’s roughly what the minimum wage would be today if it had kept pace with productivity growth since its value peaked in 1968. And, having the minimum wage track productivity growth is not a crazy idea. The national minimum wage did in fact keep pace with productivity growth for the first 30 years after a national minimum wage first came into existence in 1938.

Aug 21 06:55

Biden and Pelosi Set to Impose Tax Hikes on Small Businesses

During his campaign, President Biden promised the American people that he would not raise taxes on small businesses. Now he is violating that promise, and next week House Democrats will vote on the framework to make the tax hikes possible.

Biden's small business tax promise was made on Feb. 20, 2020 before a national audience during a Democratic debate hosted by MSNBC:

MSNBC's Hallie Jackson: "I want to ask you about Latinos owning one out of every four new small businesses in the United States. Many of them have benefited from President Trump's tax cuts, and they may be hesitant about new taxes or regulations. Will taxes on their small businesses go up under your administration?"

Biden: "No. Taxes on small businesses won't go up."

Aug 21 06:49

Waning Number of NDX Stocks In The Uptrend

Aug 21 05:45

Why The Wheels Are Coming Off

Why are the wheels coming off the American Project? Afghanistan is front and center in the news flow for obvious reasons, but since I have no expertise on that nation or America's role there, I am stipulating these are general comments from a systemic perspective.

By the American Project I mean 1) global hegemony in both hard and soft power and 2) American Exceptionalism, the belief that America is not just uniquely strong but uniquely right in terms of holding the high moral ground.

1. If you don't understand the problem, you can't possibly arrive at a solution. It's long been painfully obvious that U.S. presidents would be best served by their closest advisors being anthropologists with long in-country experience in whatever nation the U.S. is engaging.

Aug 21 05:44


To be clear, wireless carrier app stores have always kind of sucked. Verizon's efforts to create its own app store were shut down in 2012, after underwhelming consumers for years. At the time, the narrative was that Verizon just didn't find it worth the trouble in the face of Google domination and innovation. And while that's still largely true (wireless carriers are utterly unfamiliar with competition and therefore historically suck at innovation and adaptation), it turns out there was another reason.

Namely, that Google was paying Verizon and other major wireless companies a big chunk of money to not compete with the Android marketplace. And they were paying smartphone manufacturers to ship devices without competing app stores installed. Both nuggets were buried in a freshly unredacted copy of Epic's antitrust complaint (pdf) against Google, first spotted by Jeremy Owens:

Aug 21 05:34

Biden orders new sanctions against Russian-German pipeline as Merkel meets Putin in Moscow

US President Joe Biden is ordering his government to place additional sanctions against Nord Stream 2, even as Russian and German leaders are meeting in Moscow ahead of the gas pipeline’s completion.

In a letter to Congress sent on Friday, Biden argued that “certain Russian energy pipeline projects” would expand Moscow’s influence over EU energy resources and weaken “Ukraine and Eastern flank NATO and EU countries,” thereby threatening “the national security, foreign policy, and economy of the United States.”

Aug 20 15:33

Everyone with a foot out the door... Again.

Aug 20 10:50

Inflation Isn’t Going Anywhere But Up

Aug 20 09:04


Financial Expert and former White House Official, Catherine Austin Fitts, reveals how the central banking system has utilized economic turmoil during the #Covid19 pandemic, to advance a plan to centralize wealth, reengineer the financial system, and what we can do to stop it.

Aug 20 08:50

When the collapse is around the corner...

Aug 20 08:44

Another #VIX spike! Is this time different?

Aug 20 08:40

Have We Passed The Peak Of The Smartphone Era?

25 years ago, on August 15, 1996, Nokia released the Nokia 9000 Communicator.

Able to send and receive email and access the web via its 9.6 kbit/s GSM modem, the Communicator was way ahead of its time. And while no one called it that at the time, it was in fact one of the first smartphones on the market.

It would take roughly another decade and a stroke of genius from Steve Jobs to jumpstart the smartphone market, which really took off after the release of the first iPhone in 2007, which rang in the era of modern touchscreen smartphones.

But, as Statista's Felix Richter notes below, 14 years later, the smartphone boom has died down a bit, as market saturation and a lack of real innovation have led to declining sales for the past few years. And while the market did return to positive growth in Q4 2020 and carried that momentum through the first half of 2021, it remains doubtful if smartphone shipments will ever return to the level reached in 2016.

Aug 20 07:32

State imposes water restrictions as drought worsens

The drought in Minnesota continues to get worse, exposing rocks, riverbeds and islands in the St. Croix and Minnesota river drying up entire channels in the mighty Mississippi.

The Minnesota Department of Natural Resources has imposed water restrictions for much of the state. Utilities are to limit water use to no more than 25% above January levels.

The restrictions apply to about 300 communities within three major watersheds which include the Mississippi River Headwaters and the Rainy River and Red River. That covers the Twin Cities, nearly all of central Minnesota and much of northern Minnesota.

According to the U.S. Geological Survey, about 60% of the state’s streams and rivers are flowing at or near record lows. The flow of the Vermillion River near Voyageurs National Park was down to a trickle Wednesday, the lowest level recorded since measurements began in the 1990s.

Aug 20 07:26

Hospital 'hits breaking point' after firing 150 unvaccinated workers

The 150 nurses and other hospital workers at Houston Methodist Hospital who were fired for refusing to receive one of the expermimental COVID vaccines apparently were regarded by administrators as disposable.

But two months later, the hospital is one of several in the area experiencing a severe shortage of medical personnel as media report local hospitals have reached a "breaking point" because of a flood of COVID-19 cases, noted the Foundation for Economic Education.

Aug 20 06:45

European Nat Gas Prices Plunge After Gazprom Says May Start Nord Stream 2 Deliveries This Year

We recently wrote about Europe's soaring, record gas prices as Russian nat gas supplies have been suspiciously low, amid growing concerns about Europe's inventory levels as the winter approaches.

The price uptrend was finally broken yesterday - if only for the time being - when as Bloomberg's Stephen Stapczynski explains, Dutch nat gas futures prices (TTF) plummeted by 10% after data suggested Nord Stream 2 started flowing. But that data turned out to be incorrect, and prices quickly rebounded recovered.

Aug 20 06:37

Ukraine's Zelensky ‘Not Happy’ With US-German Deal on Nord Stream 2, Slams Pipeline as ‘Weapon’

In July, the US and Germany reached a deal on the contentious issue of the Nord Stream 2 gas pipeline. Washington vowed to suspend sanctions against the project, while Berlin agreed to invest in Ukrainian energy and to facilitate the extension of the gas transit agreement between Kiev and Moscow, set to expire in 2024, for up to ten years.

Ukrainian President Volodymyr Zelensky has acknowledged he is not happy with the agreement reached earlier between the United States and Germany to allow completion of the Nord Stream 2 pipeline.

Speaking in an interview with journalists from Washington Post, Liberation, Funke Media, Novoe Vremya and Novaya Gazeta, he noted that Nord Stream 2 is among the priorities on the agenda of his upcoming meeting with US President Joseph Biden in Washington on 31 August.

The Ukrainian President emphasized that as long as the Joint Russian-European energy megaproject has not been launched, Ukraine will tirelessly negotiate to protect its interests.

Aug 20 06:23

China Admits Taliban Ties Aimed at Getting Afghanistan’s $3 Trillion in Rare Earths

In the course of hectoring the United States for its “bungled and embarrassing withdraw from Afghanistan” on Thursday, China’s state-run Global Times admitted Beijing has a rapacious interest in Afghanistan’s vast rare-earths mineral resources and snarled it was none of America’s business if China makes deals with the Taliban to get what it wants.

The Global Times accused the U.S. of profiteering from Afghanistan for the past twenty years, without offering any theories on where all the plunder might have gone, and claimed America is only worried about China going after those mineral resources because the U.S. is jealous:

Aug 20 05:53

Report: CIA Chief Raised Concerns With Israel Over Chinese Investments

According to a report from Axios, during his visit to Israel last week, CIA Director William Burns told Prime Minister Naftali Bennett that the US was concerned with Chinese investments in Israel’s infrastructure.

An unnamed Israeli official told Axios that the US and Israel had started a dialogue on China over the past few months, but Burns’ message to Bennett was the highest level at which the Biden administration raised the issue.

The Israeli official also said that Israel was open to working with US companies on infrastructure but never received any offers. “In recent months, we started a dialogue with the Biden administration on China. The US asked about specific projects like the Chinese involvement in the Tel Aviv metro. We told the Americans we welcome US infrastructure companies to work on big projects in Israel but they don’t apply to the tenders,” the officials said.

Webmaster's Commentary: 

The CIA still acts like it rules the world. But Israel knows its current host is failing and is making new arrangements!

Aug 20 05:29

Real Explanation For Covid Injections In Quotes From “Technocalypse” video

Webmaster’s Introduction: This takeover of planet earth by the financial elite (aka Great Reset) bears a great resemblance to “invasion of the body snatchers.” Meet some of the “body snatchers” below.

Quotes are taken from: Frankenscience, Transhumanism, Gangstalking, & “TechnoCalypse” (2013 video): Mark of the Beast: The Ultimate Agenda on this website.

Aug 20 05:20

EU must move quickly to push back against Russian & Chinese influence in Afghanistan or face being made IRRELEVANT – FM Borrell

The EU must intervene immediately and not allow Russia and China to take control of the situation in Afghanistan and become the main players in Kabul, the EU High Representative for Foreign Affairs told MEPs on Thursday morning.

Josep Borrell expressed his opinion that the EU must take immediate steps in the country.

“Faced with the disturbing images of Taliban takeover, we Europeans and the international community have to ask ourselves what went wrong,” Borrell said. “What we cannot do is let the Chinese and Russians take control of the situation and be supporters of Kabul, and we become irrelevant.”

To work out the bloc’s next actions, he convened a meeting on Tuesday with the EU foreign ministers, he said, also noting that he hopes to work closely with the US to intensify diplomatic efforts.

Aug 19 11:32

US to automatically wipe out over $5.8B in student loan debt

The Biden administration announced Thursday it will automatically erase student loan debt for more than 300,000 Americans with severe disabilities that leave them unable to earn significant incomes.

The move will wipe out more than $5.8 billion in debt, according to the Education Department, and it marks the start of a broader overhaul of a program that has been criticized for having overly burdensome rules.

“We’ve heard loud and clear from borrowers with disabilities and advocates about the need for this change and we are excited to follow through on it,” Education Secretary Miguel Cardona said in a statement.

The federal government offers student debt relief for people who are “totally and permanently disabled” and have limited incomes. But the current rules require them to submit documentation of their disability and undergo a three-year monitoring period to prove they’re earning little pay.

Webmaster's Commentary: 

Here's an idea; wipe out ALL debt and restart the economy with the government issuing the currency instead of a private central bank loaning it to us an interest!

Aug 19 10:50

Video shows House Dem dismissing inflation concerns as stemming from 'false advertisements'

House Democrats have encountered questions in recent months about rising consumer prices, with many suggesting the issue was temporary.

At least one Democrat, however, appeared to dismiss concerns altogether as the product of advertisements. America Rising PAC obtained footage of Rep. Cindy Axne, D-Iowa, plainly suggesting in July that a questioner was getting false information about inflation.

"Listen, I'll tell you what," said Axne at a July 6 town hall event. "Our economy is on a great track right now. I'm assuming you're talking about a lot of the false advertisements that are out there. You know what? Here's the deal. They're comparing any of the costs against last year. I'd say we had a few things increase because we were in the middle of COVID, so no, I'm not concerned about a false advertisement."

Aug 19 10:28

'Shrinkflation' hits more and more grocery products

One of the hottest words in 2021 is "shrinkflation," and it's where consumer companies cut product sizes instead of raising prices. Either way, consumers pay more.

According to consumer guru Ed Dworsky of, more items are falling victim to this.

Remember all the warnings earlier this year that paper towels were supposed to go up in price this summer? Prices stayed relatively the same, but producers shrunk their products, according to MousePrint.

Aug 19 08:31

The Smart Money Has Already Sold

Aug 19 07:38

A System of Confidence

Aug 19 06:05

Did The NY Fed Confiscate $1.3 Billion In Afghan Gold: Striking Revelations From Afghanistan's Central Bank Chief

Yesterday morning, shortly after the acting Afghan central banker chief, Ajmal Ahmady, fled the country (after he was "somehow pushed on board" of a military plane by his colleagues), and warning on twitter that the country has no dollars left domestically (i.e., any dollars and gold currently stored at the local central bank vault have been pillaged by the Taliban even though the country's new rulers vowed on Saturday that the treasury, public facilities and government offices were the property of the nation and "should be strictly guarded"), sparking domestic bank runs and a record rout in the local currency, the Afghani, some asked what that means for Afghan reserves stored offshore.

Webmaster's Commentary: 
Aug 19 05:59

European Luxury Stocks Tumble On China's "Wealth Redistribution" Plans

European luxury stocks slumped, and were among the worst performers in Europe’s Stoxx 600, after Chinese state media this week said President Xi Jinping offered an outline for “common prosperity” via "wealth redistribution" - who know that China was communist after all - that includes income regulation and redistribution, putting China’s wealthiest citizens on notice. Among the biggest losers were Richemont -5.6%, Kering -5.3%, LVMH -4.2%, Swatch -3.6%, Burberry -2.7%, Hermes -2.2%. Hong Kong-listed Prada plunges 10%.

Aug 19 05:57

Why does Tesla get away with deceptive autopilot claims? RT’s Boom Bust investigates

Two US senators are calling on the Federal Trade Commission to investigate Tesla over the company's claims that its vehicles are self-driving, after a number of deadly crashes involving Tesla models using the autopilot function.

Christy Ai and Ben Swann discuss the cult of personality phenomenon of Elon Musk and how it may be the reason why the company has gotten away with making deceptive claims for so long.

Aug 18 09:44

Do you trust Apple?

Apple is a business.

This is the first thing you should know about it. It's a company that exists to make money.

It's not your friend. It's not a superhero. It's not a religion.

As a company, it invites you to buy its products and services. If you don't like what it has to offer, you're free to move on.

And I think that this confusion is at the heart of a lot of the criticism that Apple has received over the new child safety features that it is introducing. It's quite a complicated and charged subject, and both Apple's messaging, along with how the media have reported those messages, have created more confusion.

Add to that the fact that some people get very upset when Apple does something that doesn't fit in with how they see the company, and it's a recipe for disaster.

Aug 18 08:36

Central Banks Are Now in the Endgame

Aug 18 08:08

US Economic Growth Suddenly Collapses, As Even Goldman Says "Not Good"

Just days after we warned that the US economy is rapidly rolling over, as even the otherwise cheerful UMich chief economist Richard Curtin observed that over the past half century the UMIch survey "Sentiment Index has only recorded larger losses in six other surveys, all connected to sudden negative changes in the economy," today's dismal retail sales data was the straw that finally broke the back of any last trace of positive sentiment.

And shortly after we published the summary of the latest Bank of America Fund Manager Survey which showed that overall sentiment had collapsed with expectations for growth, profits and inflation all plunging in August...

Aug 18 06:58

Palantir Buys Over $50 Million Of Gold Bars: “Preparing For A Future With More Black Swans”

Palantir Buys Over $50 Million Of Gold Bars: “Preparing For A Future With More Black Swans”

Anyone watching Tuesday’s US market cash session sees red across the board. One of the strongest selling programs in months dumped stocks, and equity volatility exploded to the upside. Quite frankly, this could be the beginning of a market storm.
Ahead of what could be further market turmoil, Palantir Technologies warned about an upcoming “black swan event,” according to Bloomberg.

The software company, co-founded by the technology billionaire Peter Thiel and CEO Alex Karp, wrote in a filing last week that it stockpiled $50.7 million in gold bars earlier this month.

Aug 18 06:42

US Monetized 52 Percent of the $5 Trillion New Debt Since Self-Inflicted Doomsday of March 2020

The US gross national debt outstanding has ballooned by over $5 trillion since early March 2020, to $28.4 trillion, where it has been stuck since August 1 when the debt-ceiling farce recommenced.

The burning question is who the heck bought these Treasury securities and who is holding them, given that everyone who is buying any of them now is getting crushed by historically steep negative “real” yields, with CPI inflation outrunning even the 30-year Treasury yield by 3.5 percentage points.

The Treasury Department released its Treasury International Capital data this afternoon. It tracks foreign holdings of Treasury securities by country through June. Now we can piece the holdings together. And it’s quite a show.

Webmaster's Commentary: 

This is why your food and gas prices have gone through the roof!

Aug 18 06:16


Aug 18 06:15

Russian mobsters, Chinese hackers and Nigerian scammers have used stolen identities to plunder tens of billions of dollars in Covid benefits, spiriting the money overseas in a massive transfer of wealth from U.S. taxpayers, officials and experts say.

In June, the FBI got a warrant to hunt through the Google accounts of Abedemi Rufai, a Nigerian state government official.

What they found, they said in a sworn affidavit, was all the ingredients for a “massive” cyberfraud on U.S. government benefits: stolen bank, credit card and tax information of Americans. Money transfers. And emails showing dozens of false unemployment claims in seven states that paid out $350,000.

Rufai was arrested in May at John F. Kennedy International Airport in New York as he prepared to fly first class back to Nigeria, according to court records. He is being held without bail in Washington state, where he has pleaded not guilty to five counts of wire fraud.

Rufai’s case offers a small window into what law enforcement officials and private experts say is the biggest fraud ever perpetrated against the U.S., a significant part of it carried out by foreigners.

Aug 18 05:56

Bankers And Their Pandemic And Voting Scams

This first video I want to share should be titled Larry Fink and Augustin Carstens’ Excellent Pandemic. Larry Fink is the CEO of Blackrock which has $9 trillion under management. Augustin Carstens is the General Manager of the Bank for International Settlements which is the central bank for central banks like the Federal Reserve and the Bank of England.

The video has clips of both Fink and Carstens explaining why totalitarianism is good for bankers. John Titus explains to us that the bankers want to make their Pandemic of fear continue until they can take away our paper money and give us Central Bank Digital Cash. Totalitarians love digital money because you must have permission from your central bank to buy or sell. In the Bible this was called the Mark of the Beast which initially will be your vaccine passport. If their fear porn Pandemic succeeds, you will not be allowed to work, to buy food or pay rent without permission. No freedom for you, forever.

Aug 18 05:51


IF YOU PURCHASED $10,000 of stock evenly divided among America’s top five defense contractors on September 18, 2001 — the day President George W. Bush signed the Authorization for Use of Military Force in response to the 9/11 terrorist attacks — and faithfully reinvested all dividends, it would now be worth $97,295.

This is a far greater return than was available in the overall stock market over the same period. $10,000 invested in an S&P 500 index fund on September 18, 2001, would now be worth $61,613.

That is, defense stocks outperformed the stock market overall by 58 percent during the Afghanistan War.

Webmaster's Commentary: 

Aug 17 14:58

The New Monetary System Will Fail Too

Aug 17 13:29

China dumps US Treasuries for fifth consecutive month, sending holdings to lowest level since February 2017

China’s holdings of US government debt have fallen to their lowest level since February 2017, following a fifth successive month of net US Treasury sales in September, according to a US government report.

China sold US$6.22 billion of US Treasury securities in September, lowering its total holdings to US$1.062 trillion, according to the latest monthly Treasury International Capital (TIC) report from the US Department of the Treasury.

Analysts cautioned that the reduction in China’s US Treasury holdings was not necessarily a sign it was reducing its overall US dollar-denominated securities holdings, since it could buy other assets such as stocks or corporate bonds instead.

Aug 17 12:05

Crash coming...

Aug 17 11:21

Why the Global Economy Is Unraveling

Aug 17 11:19

Shutoff of the World's Supplies

Aug 17 10:15

Russian budget airline drops orders for Boeing 737 MAX airliners after planes crashed & killed hundreds sparking safety fears

The head of popular Russian budget airline Pobeda has revealed that it has canceled its contract for the troubled Boeing 737 MAX plane, a month after it was rumored that the company had pulled out of an agreement to buy twenty.

Speaking to news agency RIA Novosti, CEO Andrey Kalmykov confirmed that it had opted to cancel the deals and would not be forced to pay a penalty. The airline agreed to buy the planes in 2019.

Boeing 737 MAX flights were suspended worldwide March 2019 when Ethiopian Airlines plane crashed, killing 157 people. Prior to that, in October 2018, 189 people died when an Indonesian Lion Air 747 MAX fell into the sea. In both cases, Boeing admitted that there was a malfunction in the airliner’s Maneuvering Characteristics Augmentation System.

Aug 17 09:41

GOP Rep. Fitzpatrick says Pelosi doesn’t have votes to block infrastructure bill on House floor

Moderate Republican Rep. Brian Fitzpatrick said Monday that there are likely enough GOP votes for the bipartisan infrastructure bill to overcome the number of Democrats vowing to block it, as centrists from both parties pressure House Speaker Nancy Pelosi to bring the legislation for a vote.

Fitzpatrick, the co-chairman of the House Problem Solvers Caucus, also warned that moderate Republicans could turn against the compromise legislation passed by the Senate if Pelosi, D-Calif., delays the bill's consideration or ties it to Democrats' $3.5 trillion spending plan they hope to pass via budget reconciliation.

Aug 17 09:39

As U.S. Retreats, China Looks To Back Taliban With Afghan Mining Investments

The U.S. defeat in Afghanistan threatens to undermine already limited U.S. credibility and geostrategic leverage. With the ascendance of the Taliban, the energy infrastructure and natural resources of the region are now more in jeopardy than ever since 2001, the year the U.S. chased out the Taliban regime.

While the Taliban takes stock of the natural resources and U.S.-funded infrastructure now at their disposal, strategic competitors including China and Russia will eye lucrative development projects that boost their regional ambitions.

Aug 17 08:04

Virginians react to soaring gas prices

Aug 17 08:03

More Money Doesn’t Mean More Wealth

Aug 17 07:38

Fall Financial Crisis Coming?

Aug 17 07:06

Infrastructure bill contains highway expansion to connect 12 military bases in five southern states

A proposed stretch of interstate highway that would connect a dozen military bases between Texas and Georgia made its way into the $1 trillion infrastructure bill passed by the Senate this week with the expectation it will improve access to bases located in some of the more isolated stretches of the South.

The highway is a “major step in advancing Interstate 14 as a future corridor for handling freight movement, military facility connectivity, coastal evacuation and sparking economic development,” said John Thompson, chairman of the Gulf Coast Strategic Highway Coalition, a group of community leaders who advocate for the highway.