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ECONOMY

Oct 25 10:46

Which is more expensive: Charging an electric vehicle or fueling a car with gas?

Last year, Patrick Anderson went electric: He got a Porsche Taycan EV in dark blue.

Anderson, who is CEO of East Lansing-based economic consulting firm Anderson Economic Group, loves the zippy acceleration and "exciting" features the car offers. He also gets satisfaction in knowing that driving an EV benefits the environment, he said.

But Anderson's joy comes with a dark side.

"They are a wonderful driving experience. But at the same time, they're an enormous burden in time and in energy in finding chargers and getting them charged," Anderson said. "And you’re not really saving much in terms of charging costs ... you may be paying more.”

Oct 25 10:20

U.S Air Transportation in Crisis: Pilots Taking a Bold Stand against “Killer Vaccine”

Even mainstream media rags like the Washington Post and world news agencies like UPI carried the bombshell news on October 10, 2021, with the UPI headline “Southwest Airlines Cancel 1,044 Flights.”

The worldwide mandate for all airline pilots and air travel industry personnel to be vaccinated with a known kill shot which some analysts describe as depopulation is having major repercussions, hemorrhaging the entire transportation industry and for that matter the entire planet.

With cargo ships piling up in ports worldwide and not enough truck drivers on the road, all the world’s transport industries are also currently under attack as supply chain shortages are collapsing and soaring off the charts. In July 2021 the Transport Workers Union of America, AFL-CIO that represents all US airline employees alluded to understaffed workers “feeling exhausted and overwhelmed” during the summer peak travel season.

Oct 25 10:07

Treasury Sec. Yellen: Inflation Will Get Back to the 2% Range by Next Year

Treasury Secretary Janet Yellen said Sunday on CNN’s “State of the Union” that she thinks the recent rising prices will stabilize in 2022.

Anchor Jake Tapper said, “The Biden administration is trying to reach this deal to spend about another $2 trillion — makes a total of an extraordinary $5 trillion in spending this year. Inflation is growing at its fastest pace in 30 years. If the economy is already overheating, is spending even more money essential pouring gas on the inflation fire?”

Oct 25 09:56

Pelosi Confirms Wealth Tax On Billionaires' Unrealized Gains Is On The Way

In the scramble to find a tax hike that all 50 Democrat Senators could support, Senator Kyrsten Sinema OKs a Tax on Billionaires’ Unrealized Gains.

A new annual tax on billionaires’ unrealized capital gains is likely to be included to help pay for the vast social policy and climate package lawmakers hope to finalize this week, senior Democrats said Sunday.

“We probably will have a wealth tax,” House Speaker Nancy Pelosi (D., Calif.) said Sunday on CNN, noting that Senate Democrats were still working on their proposal, which isn’t technically a wealth tax but bears a strong resemblance to that idea.

The proposal under consideration from Senate Finance Committee Chairman Ron Wyden (D., Ore.) would impose an annual tax on unrealized capital gains on liquid assets held by billionaires, Treasury Secretary Janet Yellen said Sunday on CNN.

Oct 25 09:52

Economists to Cattle Ranchers: Stop Being So Emotional About the Monopolies Devouring Your Family Businesses

Last week, there was what should have been a historic hearing in the House Agriculture Committee, with the goal of reforming America’s cattle ranching system. The first witness was a Republican Senator trying to persuade the House members to adopt his legislative initiative. “My name is Chuck Grassley,” he said, “And I’m a farmer from Butler County, Iowa.” Grassley’s homespun rhetoric disguised a sophisticated and longstanding campaign to address a crisis in the beef industry, and more broadly, our food system at large.

Oct 25 09:36

The Great Depression of the 1930s is burned into most preppers’ minds.

The Great Depression of the 1930s is burned into most preppers’ minds. The horror stories from that grim time are a stark reminder of how fast things can go bad, even in a country that seems rich, strong and confident – and of how bad they can get.

As a motivation to be prepared, the Great Depression takes some beating.

But what if, as well as a reminder of why prepping is a good idea, it’s also what we need to be preparing for?

Many economists believe that another Great Depression could throw the world back into the poverty and chaos of the dustbowl era, and some think it’s likely to happen this year.

Paranoid? Alarmist? Well, they have a lot of evidence on their side – too much to just dismiss.

Oct 25 08:08

THE PLANNED SUPPLY LINE DEMOLITION (IT’S THE FEATURE, NOT THE BUG)

“We have an incredible opportunity to create entirely new sustainable industries, products, services and supply chains,” said His Highness the (unelected) Prince of Wales in the inaugural Great Reset speech to the World Economic Forum back in January 2020.

Back then, all signs pointed to this “novel coronavirus” being just another in the SARS lineage – an obscure emergent viral pathogen that would dominate the headlines for two or three 24-hour news cycles and then flame out somewhere in Asia.

Unbeknownst to the rabble in the lower socioeconomic strata, the World Economic Forum had already set the multinational wheels of economic revolution in motion.

Oct 25 07:35

Credit Card Cuts Off Spending When You Reach Your CO2 Limit

The company that created a credit card to track your purchases’ CO2 emissions is set to launch a “premium” version of the card that cuts off your spending as soon as you hit your “carbon max.”

This is the latest of many schemes to force major changes in human behaviour to allegedly lessen global warming. Social scientist and author Steven Mosher has called the global warming movement a “giant propaganda effort” and “the biggest scientific fraud ever perpetrated on the family of man.”

Doconomy has partnered with Mastercard and the United Nations Framework Convention on Climate Change (UNFCCC) to create technology for the everyday consumer that “connects the purchase price of a product with the effect on the planet measured in Kg CO2, and then recommends the amount to offset – practically putting a price on carbon,” as the Doconomy website explains.

Oct 25 07:13

Inflation in one picture...

Oct 25 07:00

Public health or private wealth? How digital vaccine passports pave way for unprecedented surveillance capitalism

The titans of global capitalism are exploiting the Covid-19 crisis to institute social credit-style digital ID systems across the West.

The death by starvation of Etwariya Devi, a 67-year-old widow from the rural Indian state of Jharkhand, might have passed without notice had it not been part of a more widespread trend.

Like 1.3 billion of her fellow Indians, Devi had been pushed to enroll in a biometric digital ID system called Aadhaar in order to access public services, including her monthly allotment of 25kg of rice. When her fingerprint failed to register with the shoddy system, Devi was denied her food ration. Throughout the course of the following three months in 2017, she was repeatedly refused food until she succumbed to hunger, alone in her home.

Oct 25 06:51

Sinister Rockefeller Food System Agenda — They Created It and Now Want to Destroy It

No one group has done more to damage our global agriculture and food quality than the Rockefeller Foundation. They began in the early 1950s after the War to fund two Harvard Business School professors to develop vertical integration which they named “Agribusiness.” The farmer became the least important. They then created the fraudulent Green Revolution in Mexico and India in the 1960s and later the pro-GMO Alliance for a Green Revolution in Africa since 2006. Money from the Rockefeller Foundation literally created the disastrous GMO genetically altered plants with their toxic glyphosate pesticides. Now again, the foundation is engaged in a major policy change in global food and agriculture and it’s not good.

Oct 25 06:10

Can TSA vaccinate enough screeners before the Thanksgiving travel rush?

A potential shortage of airport screeners triggered by a federal COVID-19 vaccine mandate could mean extra-long queues at airport security checkpoints during the upcoming Thanksgiving holiday travel week.

Only about 60% of Transportation Security Administration employees are at least partially vaccinated with about a month to go before the Nov. 22 deadline for federal employees to be fully vaccinated. Federal employees who ignore the mandate face discipline, including being fired, according to the U.S. Office of Personnel Management.

TSA Administrator David Pekoske told CNN last week that he is "very hopeful" the agency won't have a worker shortage but said the TSA is preparing contingency plans in case it can't be avoided.

Oct 25 06:09

Biden Abandoned Critical Mineral Reserves In Afghanistan While Thwarting Mining At Home

Republicans on the House Committee on Natural Resources held a forum Oct. 22 to discuss how President Biden’s exit from Afghanistan left massive, untapped reserves of rare-earth metals, lithium, and other vital minerals in Taliban hands, potentially opening them up to exploitation by China.

Speakers said the Biden administration has simultaneously worked to hinder key mining projects in the United States, such as Minnesota’s Twin Metals copper-nickel project and Arizona’s Resolution copper mine, which would allow the United States to produce many of those minerals at home, thereby avoiding dependence on the Taliban or the Chinese Communist Party (CCP).

“It’s almost like it’s intentional, to stop U.S. production of these critical minerals and elements,” said Ranking Member Bruce Westerman (R-Ark.).

Oct 25 06:08

Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas

Russia could immediately increase natural gas deliveries to Europe as soon as German authorities approve the Nord Stream 2 pipeline, the Financial Times reports, citing President Vladimir Putin as saying gas can be delivered “the day after tomorrow” if approval is granted “tomorrow”.

Putin said Russia could deliver an additional 17.5 billion cu m of gas if the new pipeline gets the green light. This amount, according to the FT, is equal to a tenth of Russian gas deliveries to Europe and Turkey last year and would come not a moment too soon as Europe continues to struggle to fill up its reserves ahead of winter.

Oct 24 07:52

RANCHERS DECIDE TO OPEN MEAT SMALL PROCESSING PLANTS

This story comes courtesy of M.D., and it's an indication that the puchback has begun in earnest. Ranchers, fed up with rising prices of meat at the grocery store, while their own sales prices fall, have had enough, and decided to open their own meat processing plants and compete with "Big Agribusiness":

Unhappy with prices, ranchers look to build own meat plants

Oct 24 07:27

“Transitory annihilation”.

Oct 24 03:10

As The Shelves Get Emptier, How Long Can They Keep The Charade Going?

They keep telling us that everything is going to be just fine, but an increasing number of Americans are beginning to realize that what we are facing is not “temporary” at all.  From coast to coast, store shelves have been getting emptier and emptier, and supply chain experts are warning us that things aren’t going to be getting better any time soon.  But Biden administration officials continue to smile and insist that they have everything under control.  Do you believe them?  At this point, I don’t know why anyone would still believe that they are capable of handling any major problem after what we have witnessed in Afghanistan, at the southern border, etc.

Oct 23 09:09

Investing STILL Wont Make You Rich (Probably)

Oct 23 09:09

Hash-Tag US_BananaRepublic

Oct 23 08:03

Inflation is permanent

Oct 23 05:36

Free State Of Florida Expected To Save Broken Economy With This

A Florida port authority invites steamships waiting to dock in California to divert through the Panama Canal to the sunshine state, where there are no backlogs.

The Jacksonville Port Authority announced it's the solution to an unprecedented logjam at The Ports of Los Angeles and Long Beach, where weeks-long lines are slowing commerce before the year's busiest shopping season.

It's a sharp contrast from the scene in Jacksonville, which officials announced has maintained terminal fluidity – and fixed a new container volume record - despite market disorders.

Oct 22 16:33

West Virginia Gov. Jim Justice Backs Maryland Counties' Secession Plans

West Virginia Gov Jim Justice on Friday threw his support behind three conservative Maryland counties working to secede from Democrat tyranny and join Best Virginia.

Oct 22 11:06

New Study Reveals Higher Expenses and Other Disadvantages to Owning an Electric Vehicle

By B.N. Frank

Numerous issues have already been widely reported about Electric Vehicles (EVs) including

Battery fires
Battery recycling obstacles
Rapid battery degradation
Fires that are difficult to extinguish
Higher costs
High levels of harmful electromagnetic radiation emissions
Mechanical and operational problems

Someday all of these issues may be resolved. In the meantime, though, the U.S. government continues to strongly support EV ownership and another study has revealed significant drawbacks with that...

Oct 22 09:16

UK Energy Suppliers Face "Massacre" Amid Soaring Gas Prices

Another 20 energy providers in the UK could go bust in what looks like a “massacre” in the coming months unless the government reviews the energy price cap, the chief executive of one of the largest providers said on Thursday.

More than a dozen power suppliers in the UK have exited the retail energy market in recent weeks, and more are likely to do so, as wholesale gas prices rally.

Europe’s tight gas market, low wind speeds, abnormally low gas inventories, and record carbon prices have combined in recent weeks to send benchmark gas prices and power prices in the largest economies to record highs.

The UK has a so-called Energy Price Cap in place, which protects households from too high bills by capping the price that providers can pass on to them, but which additionally burdens energy providers.

Oct 22 09:03

America Is Now A Kleptocrapocracy

I've coined a new portmanteau word to describe America's descent: kleptocrapocracy, a union of kleptocracy (a nation ruled by kleptocrats) and crapocracy, a nation drowning in a moral sewer of rampant self-interest in which the focus is cloaking all the skims, scams, rackets and bezzles in some virtuous-sounding garb, a nation choking on low-quality junk ceaselessly hawked by robocalls, spam, phishing and Big Tech manipulation.

It's little wonder trust has collapsed in America: the only thing we can trust is whatever's being pitched is deceptively packaged to mask the self-interest and profiteering of the perps.

Oct 22 09:01

$250 Billion Fund CIO Blasts Washington's 'Soviet-Style' Central Planning: "Disassociating Demand From Supply In Fundamental Ways"

The inefficiencies of that ultimate state planned economy – the former Soviet Union – were eminently lampoonable. One of former President Reagan’s went this way:

A man walks into a Moscow car dealership and hands over his rubles to the car salesman. The beaming salesman exclaims, “Congratulations on buying your new car. I am scheduling it for delivery exactly ten years from today.”

The buyer, suddenly distraught, quizzically probes: “Ten Years?! – well…is that going to be in the morning or the afternoon?”

The salesman, now perplexed, replies: “Comrade – this is ten years from now – what difference does it make if the car is delivered in the morning or the afternoon?”

The buyer raises his voice and shouts, “Well, I have the plumber coming in the morning!”

Oct 22 08:59

Under Biden, We’ve Gone From ‘Make America Great’ To ‘Lower Your Expectations’

As the economy falters in the wake of rising inflation, chronic worker shortages, and a deepening supply chain crisis, the rhetoric from the Biden administration and its defenders has shifted from “we’ve got this” to “stop your whining.” Is this what Americans bargained for when they ditched Mr. Mean Tweets for Joe “Nexnelsrent” Biden?

A perfect example of this shift is an op-ed by a contributing columnist to the Washington Post – Micheline Maynard – who says that the real problem we face today isn’t skyrocketing prices, bottlenecks at the ports, and empty shelves. It is us spoiled brats.

“American consumers, their expectations pampered and catered to for decades, are not accustomed to inconvenience,” she writes. “Time for some new, more realistic expectations.”

Maynard’s op-ed, and the Washington Post, took plenty of flak for blaming the victim. But the truth is that it is increasingly the way the White House is talking as well.

Oct 22 08:58

Biden's child tax credit, community college and paid family leave plans may be cut

Like basically every presidential candidate in the last 50 years, Joe Biden talked a big game about boosting the middle class during his campaign. But many of the programs his administration has proposed to give the extra help that most Americans need to survive or thrive are the ones centrist Democrats have forced onto the chopping block.

The problem

Unequal wage growth has left the average worker’s paycheck today with the same purchasing power as the average worker 40 years ago, even as the price of everything has gone up. Meanwhile, attending college is almost three times as expensive — even as more jobs require some form of secondary education. Housing prices continue to rise, but potential buyers struggle to find places they can afford. And the U.S. remains the only country in the industrialized world to offer zero guaranteed paid time off to workers for medical or parental leave.

The promise

Oct 22 07:45

Tucker exposes the hidden impact of green energy

Oct 22 07:43

Dr. Anthony Fauci Received Big Pay Increase To Prevent Pandemics

In a January article published at Forbes, our auditors at OpenTheBooks.com found that Dr. Anthony Fauci was the highest paid federal employee, earning $417,608 (2019).

Dr. Fauci is still the top-paid federal employee earning $434,312 in 2020. Fauci is the Director of the National Institutes of Health’s (NIH) National Institute of Allergy and Infectious Diseases (NIAID) and current Chief Medical Advisor to the President.

Fauci out-earned the U.S. president ($400,000); four-star generals in the military ($282,000); and roughly 4.3 million other federal employees.

Now, new documents released via our Freedom of Information Act (FOIA) requests from the NIH tell us a lot more. Dr. Fauci received a big pay hike for his biodefense research activities. In other words, Fauci was paid to prevent future pandemics.

Oct 22 07:42

THAT SHIPPING AND SUPPLY CHAIN THING: A HIGH OCTANE PHONE CALL

A few days ago I had a long telephone conversation with a friend (K.M.) and as we always do we were batting around various scenarios about various things. Then, suddenly, my friend advanced a scenario about why all those cargo ships are stacked up in Long Beach, California waiting to be unloaded. When I heard the scenario, I was dumbfounded, because I thought I might be the only other one who had entertained the same idea. It was one of those odd synchronicities when you discover someone else is thinking the exact same thing that you are.

Oct 22 07:42

FLASHBACK - Vatican charges cardinal and 9 others with financial crimes

The Vatican charged 10 persons with financial crimes on Saturday, including an Italian cardinal. The charges follow an inquiry by the Vatican Gendarmerie.

The charges center around the Vatican Secretariat of State’s investment in Raffaele Mincione’s Athena Capital Global Opportunities Fund. Mincione, who allegedly used fund money for personal investments, received charges of “embezzlement, fraud, abuse of office, embezzlement and self-laundering.”

Mincione’s fund operated between June of 2013 and February of 2014. The Secretariat of State borrowed $200 million to invest in the fund. €18 million had been lost by September of 2018. According to the Vatican, the fund manager had a conflict of interest because he risked others’ capital to further his personal interests.

Oct 22 07:17

GAS HITS $7.59 IN CA TOWN

Oct 22 06:53

The Fed Is Subsidizing the Money Market Funds Operated by Larry Fink’s BlackRock as BlackRock Manages a Big Part of Jerome Powell’s Wealth

Last year, during the financial crisis, Fed Chairman Jerome Powell held five confidential phone calls with BlackRock’s Chairman and CEO Larry Fink. The first call on March 19 lasted 30 minutes; there were two calls in April, one on April 3 and one on April 9, both lasting 15 minutes. A phone call between Powell and Fink on May 13 lasted 30 minutes; and one on November 20 lasted 10 minutes.

That’s a total of 100 minutes that the Chairman of the central bank of the United States spent on the phone with the man who heads the company that is also managing a large portion of Powell’s wealth through its iShares Exchange Traded Funds. The dates and times of the phone calls come from Powell’s publicly-released daily calendars.

Oct 22 06:46

A Forensic Look at Jerome Powell’s “Pants on Fire” Explanation for His $1 Million to $5 Million Stock Sale

On Monday, October 18, the fearless Robert Kuttner at the American Prospect, broke the news that Fed Chairman Jerome Powell had sold between $1 million and $5 million of the Vanguard Total Stock Market Index Fund on October 1, 2020, the same day that Powell had been on four phone calls with Treasury Secretary Steve Mnuchin, who was coordinating the White House response to the financial crisis resulting from the pandemic.

The story went viral and forced the Federal Reserve to offer a preposterously lame excuse for what was obviously a desire by Powell to reduce his exposure to the stock market, despite his having access to more insider information than any other human on the planet.

The same day that Kuttner’s story ran, Mike Derby, a reporter for the Wall Street Journal, wrote that a Fed representative had characterized the large Vanguard sale as “for family expenses.”

Oct 22 06:32

Think rocketing inflation is bad now? We’re facing a catastrophe that will make the Great Depression look like a walk in the park

Western politicians and central bankers are quick to offer explanations for rapidly rising prices – from bottlenecks in supply chains to their favorite bogeyman, Vladimir Putin. They don't dare mention the real cause: themselves.

“Inflation is always and everywhere a purely monetary phenomenon” – Milton Friedman.

Prices in Western economies continue to skyrocket – whether in real estate, stock markets, cryptocurrencies, food, consumer goods, or energy. We are consistently seeing massive price increases that far outpace wage growth. In recent months, the situation has been getting increasingly worse, and we have heard nothing but excuses from the political establishment: from bottlenecks in supply chains to allegations that Russian President Vladimir Putin is personally manipulating the supply of natural gas. Of course, the Western establishment would never consider putting the blame where it belongs – on itself.

Oct 22 06:26

Biden REPEATS his debunked claim that his multi-trillion dollar spending plan costs nothing and says people don't understand what's in it

Joe Biden repeated his questionable claim Thursday night that his multi-trillion spending plan will not cost anything, which some experts have called 'delusional.'

The president made the remark at the top of his town hall meeting on CNN, saying: 'By the way, all this paid for. Every single penny. It's not going to raise one single cent.'

Biden also acknowledged that his congressional agenda is hard to understand. He has two pieces of legislation he's pushing: his infrastructure plan that funds traditional projects like roads, bridges and airports and he has a second plan that focuses on social programs. That second plan has been called a budget package, a reconcilitation bill, and his Build Back Better bill.

Oct 22 05:55

750 General Electric employees walk off job site…Video

The companywide mandate at GE falls in line with the Biden administration’s executive order that requires all federal contractors to be vaccinated. “There’s going to be people out here who are vaccinated. It’s just, we feel like the government has no business coming into our place of work, threatening our employment, threatening our employer,” said Neil Slater, an employee who was protesting.

Oct 22 05:54

Fact Check: Biden Claims He Brought Country Back from Brink of Financial Collapse

CLAIM: “Under my Administration, we’ve gone from the brink of financial collapse to historic job growth. We have a lot of work to do still – but this is progress,” President Joe Biden tweeted Thursday.

Verdict: False.

Jobless claims remain well above their expected long-term average of 270,000 and never once during Biden’s administration did they fall below 300,000 prior to this month. Total employment remains below its prepandemic level and the prime-age employment to population ratio is still depressed.

Oct 22 05:48

Amazon Faces New Union Organizing Push In US

Workers at an Amazon warehouse in New York are seeking to unionize, the organizing group said Thursday, six months after a similar attempt in Alabama failed.

Laborers vying to form the first union at the e-commerce colossus in the United States will file with US officials on Monday with the goal of holding an election.

Amazon Labor Union (ALU), the organizing group, said the company is fighting the effort.

"Since the campaign has launched, Amazon has not wasted any time union busting," the ALU said in a statement.

"We have endured the same strategies used in Bessemer, Alabama, from signs in the bathrooms and breaks, to the same union-busting firms and consultants being brought in to walk around the workplace and divide the workers."

Oct 21 18:58

10 Robots for Each Human at Amazon’s Biggest Newest Warehouse

By B.N. Frank

Businesses started replacing human jobs with Artificial Intelligence (A.I.) and robotics years ago. This trend seems to be increasing including at Amazon.

From GovTech:
In Amazon’s Newest Warehouse, 10 Robots for Each Human

Amazon’s newest warehouse, with more robots than ever, brings America closer to an automated future when machines do all the work of moving everything from groceries to laptops from makers to users. And do it faster...

Oct 21 12:49

Meat tax on the table in move to encourage sustainable eating

British shoppers should be hit with higher prices on meat to help the environment, according to suggestions for a tax on “high-carbon foods” drawn up for the Government.

Oct 21 11:51

Is A Volatility Storm Coming?

Oct 21 11:49

Bill Gates and the Uncertain Future of Food Security

By Dustin Broadbery

As we approach a winter of discontent and global food systems go from bad to worse, there’s trouble in paradise.

At the root of these problems, government responses to COVID-19 have contributed to a six-fold increase in famine-like conditions as global supply chains collapse, and field trials for gene-edited crops and farm animals begin in the UK.

Against this perfect storm, the UN’s World Food Systems Summit convened last month, with Member States joining the private sector, civil society groups and researchers, to bring about “tangible, positive changes” to the world’s food systems, and as the story goes, “drive recovery from COVID-19.”

Oct 21 11:40

In 'Deep Ship'? Biden Weighs National Guard To Address Record Number Of Vessels Off Los Angeles

It's becoming impossible to ignore just how unprepared the Biden administration is in tackling the current shipping crisis and its impact on domestic supply chains and state economies. A significant backlog of container ships continues to pile up at Los Angeles and Long Beach ports, even though President Biden issued a directive last week to keep both ports, which account for 40% of all shipping containers entering the U.S., operating on a 24/7 basis. Now the administration is so desperate that they're weighing the use of the National Guard to alleviate stretched supply chains so that Americans will hopefully get their consumer goods before the holidays, according to AP News.

Oct 21 11:24

Crypto Slide The Result Of A "87%-Off" Binance Fat Finger

At exactly 7:34am ET, with Ethereum trading in record territory at Bitcoin not too far from its own all-time high hit just hours earlier, the crypto space was slammed with what appeared to be a liquidation order, one which immediately halted the upward momentum and sent cryptos sharply lower (perhaps just as intended).

As Bloomberg notes, either someone (like an enterprising short who was deeply underwater and desperate for any trick to push momentum lower) was in a huge hurry to dump bitcoin (even if it meant taking a big loss on the trade), or we had a legitimate fat finger trade because at precisely 7:34am ET the price of Bitcoin appeared to plunge about 87% on Binance’s U.S. exchange, sinking to as low as $8,200 from around $65,000.

The price, which quickly snapped back to where it had been and which was not repeated on other venue, was however enough to immediately crush momentum and send ETH from an all time high above $4,350 to as low as $4,000 a few hours later.

Oct 21 11:00

"Act of 1871" Knowledge is Power

Oct 21 10:04

Take Your Money and Run from Banks!!

Oct 21 09:07

You Think Prices Are High Now? Watch This.

Oct 21 08:43

The 2021 Oil Price Rally Is Far From Over

Oct 21 07:05

PIMCO CIO Says Bond Giant Plans To Buy More Crypto As Bitcoin Surges To Record High

As bitcoin prices surge to new record highs while inflows into the new bitcoin ETF (which holds exactly zero actual bitcoin) are going absolutely gangbusters, more institutional players are revealing plans to get involved in crypto trading.

Speaking to a CNBC reporter Wednesday during the TV Channel's "Seeking Alpha" conference, PIMCO CIO Daniel Ivascyn announced that his firm, which has already "dabbled" in crypto, plans to gradually invest more in the nascent asset class, starting with its quant-based and "trend-following" strategies, before moving on to more long-term strategies.

"Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the fundamental side," Ivascyn said in an interview with CNBC’s Leslie Picker for Delivering Alpha.

Oct 21 07:04

OUR EPIC SUPPLY CHAIN CRISIS JUST HIT ANOTHER LEVEL, AND BIDEN IS CONSIDERING CALLING IN THE NATIONAL GUARD TO HELP

It is the month of October, and right now many Americans are more scared by the state of our national supply chains than by anything else. Some of the things that I am going to share with you in this article are truly frightening, and I would very much encourage you to take them seriously.

Our economic infrastructure is failing on a massive scale, and officials are openly admitting that things will get even worse in the months ahead. We are in uncharted territory because none of us has ever seen anything like this before. If our leaders cannot get this fixed, 2022 is going to be a truly nightmarish year.

Of course just last week Joe Biden gave a big speech in which he assured all of us that he was implementing measures that would soon turn things around.

Oct 21 07:03

Why Do Central Banks Want Higher Inflation?

Why do Central Banks want higher inflation?

The debt ceiling debate in U.S. Congress and related political nonsense brings even more to light the exponential growth in US federal government debt. US government debt has doubled in the 10 years since the last major debacle Congress created over raising the debt ceiling back 2011. The debate and Congress’s unwillingness to increase the limit back in August 2011 resulted in declining equity markets. It also resulted in Standard and Poor’s downgrading U.S. debt to AA+ from AAA!

The Political Standoff

The political standoff over raising this arbitrary restriction of how much debt the US can issue has become just another political lever in the dysfunctional Congress. As Secretary Yellen points out…

Oct 21 07:00

On the Labor Shortage Issue

Oct 21 06:37

Welcome to Clown-World Economics

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