Latest Articles: Business/Finance
Betrayed Americans
Post Date: 2022-06-16 09:17:05 by Ada
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Yesterday the Fed raised short term interest rates by three quarters of one percent, and the stock market rose. The stock market did not rise because of the rate hike. The stock market rose because the Atlanta Federal Reserve bank dropped its forecast for second quarter (ends June 30) GDP growth to zero — 0.0 — which means that technically we are in a recession. As interest rate hikes worsen recessions, the stock market has concluded that Fed tightening is over. Soon the Fed will be lowering interest rates to fight recession and unemployment. The real question is: why did the Federal Reserve raise interest rates on the same day it knew the economy had descended into recession? ...
The Fed Isn't Fighting Inflation, It's Fueling It
Post Date: 2022-06-14 10:44:16 by Ada
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The media would like to believe the Fed is doing everything in its power to fight inflation, but it’s not true. Yes, the Fed raised rates by 50 basis points in May and, yes, the Fed is trying to sound as “hawkish” as possible. But these things are designed to dupe the public not to reduce inflation. Let me explain. The current rate of inflation in the US is 8.6%, a 40-year high. At its May meeting, the Fed raised its target Fed Funds Rate to 1%. Here’s the scoop: “The Federal Reserve recently announced that it’s raising interest rates by half a percentage point, bumping the federal funds rate to a target range of 0.75-1.00%.” (The Spokesman-Review) ...
Carnage!
Post Date: 2022-06-13 18:31:08 by Horse
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Well that escalated quickly. Apart from crude oil, almost all asset classes were clubbed like baby seals today as event risk anxiety (ahead of FOMC) combined with OpEx technicals ($3.4 trillion options expiration) and European 'fragmentation' fears and all the usual geo-political, geo-economic factors that are holding back the dip-buyers as the S&P drops into a bear market and US equities broadly test 2022 lows (while TSY yields push multi-year highs). The S&P closed down 22% from its highs and at its lowest since Jan 2021.. As Bill Blain noted earlier, the summer somnambulance should be upon us – investment desks and traders sitting back to watch their carefully ...
What If The Fed Fails To Tame Inflation? Fed-Watcher Axel Merk Is Skeptical It Will
Post Date: 2022-06-10 08:08:52 by BTP Holdings
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Poster Comment:When the markets collapsed in 1929, brokers were jumping out of windows on Wall St. since they lost everything. This was the start of the Great Depression. Nikolai Kondratiev was a Soviet economist. He predicted the U.S. would emerge from its depression. When it was shown he was right, Stalin sentenced him to hard labor. That was later changed to death.
Empty Houses
Post Date: 2022-06-09 09:51:19 by Ada
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In the Before – the years prior to what has been styled the “pandemic” (which it was, in the sense that metastatic hypochondria spread like cooties at a ’70s key party) when a house sold it was usually occupied shortly thereafter by the people who bought it. In the After – our now – when houses sell they often remain empty – sometimes for years. Which makes one wonder about who bought them. And why. There are two such houses on my country road, which is not far from the middle of nowhere, in rural SW Virginia. One of these was owned by a friend of mine who had to sell because he got divorced and lost his house. That was more than a year ago now – ...
Inflection Point Nearing: Fed To Pivot & Destroy Dollar | Steve Penny
Post Date: 2022-06-04 19:04:05 by BTP Holdings
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‘Cash is still trash’ — Billionaire Ray Dalio says keeping money in a savings account is not safe. Here’s what he holds instead
Post Date: 2022-05-28 09:10:02 by BTP Holdings
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‘Cash is still trash’ — Billionaire Ray Dalio says keeping money in a savings account is not safe. Here’s what he holds instead by Jing Pan Fri, May 27, 2022, 8:40 AM·3 min read Some say cash is king. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, it may not be wise to keep too much of your investment money in cash these days. “Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” Dalio told CNBC last year. This week, when CNBC asked him about his current opinion on cash, Dalio’s response was unchanged: “Cash is still trash.” It’s easy to ...
Hard-Working Plumber Looking Forward To Paying For His Neighbor’s Gender Studies Degree
Post Date: 2022-05-24 10:03:22 by Ada
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PADUCAH, KY—With Democrats proposing the mass cancellation of student debt, successful Americans around the country are really looking forward to paying taxes to relieve the debt of people who purchased expensive yet useless college degrees. One local plumbing contractor, Sam Caughorn, is really looking forward to paying the tab on his neighbor's $89,000 gender studies degree. "Listen, I'm just a plumber," he said. "I didn't go to college, but I work hard and support my family. I don't know about all that high- falutin gender stuff they teach in college, but I'm sure it must be important since it's so expensive! Happy to help out another person ...
Why It’s Time to Give Up on Government
Post Date: 2022-05-24 08:22:28 by BTP Holdings
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Why It’s Time to Give Up on Government Analysis by Dr. Joseph Mercola May 24, 2022 STORY AT-A-GLANCE > Many are now starting to realize that we’re facing a multitude of catastrophes, sort of pancaked on top of one another > Gas prices are skyrocketing, the crypto market recently cratered, the stock market is starting to cave and inflation is rapidly rising > According to some financial analysts, our only choices now are prolonged inflation or a global economic meltdown > In 2016, the World Economic Forum (WEF) published several “predictions” for the future that are now starting to take shape. This indicates the WEF is responsible for, and is carrying ...
ALL HELL WILL BREAK LOOSE FOR HUMANITY
Post Date: 2022-05-21 19:12:45 by BTP Holdings
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ALL HELL WILL BREAK LOOSE FOR HUMANITY by Egon von Greyerz March 22, 2022 We are now at the end of an era of economic and moral decadence in a debt infested world built on false values, fake money and abysmal leadership. All hell will break loose. The consequences will be fatal for the world. There are eras in history which have produced great leaders and thinkers. But sadly, the current era has produced nothing of that kind. The end of an economic cycle produces no great leadership or statesmanship but only incompetent leaders. Looking at the Western world, the only notable statesman in the last few decades in my view is Margaret Thatcher, prime minister of the United Kingdom from ...
Kudlow: This is a big mistake from the Biden White House officials
Post Date: 2022-05-21 17:48:40 by BTP Holdings
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The "Everything Bubble" Has Popped | David Morgan
Post Date: 2022-05-18 16:50:02 by BTP Holdings
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"The everything bubble has popped," says top silver expert David Morgan. He sees potential for a more than 60% drop in the Dow Jones Industrial Average. When the stock market sells-off, typically metals follow initially. We could be nearing a bottom in the metals. The next support level for silver is $18, he says. As we approach a bottom, now may be a good time to slowly start accumulating more silver, he says.
The Social Credit System is the Elite’s Means of Control
Post Date: 2022-05-17 07:39:07 by Ada
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Duff Cooper, Viscount Norwich, was the only British minister who resigned over the Munich Agreement of 1938. His autobiography was titled Old Men Forget. I expect they do, but I remember. I remember when business, even large business, operated on handshakes without contracts. Business could operate this way because people in those days had good character and integrity. A person who welched on a handshake was finished in business. I grew up when America was still America. We were taught that you had to be able to look yourself in the mirror every morning. That required that you were truthful and honorable in your relations with others. Today you can’t look yourself in the mirror ...
That Giant Sound You Just Heard Was The Housing Market Starting To Crack
Post Date: 2022-05-15 12:40:56 by BTP Holdings
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That Giant Sound You Just Heard Was The Housing Market Starting To Crack May 12, 2022 by Michael It is happening again. More than a decade ago, we witnessed an absolutely unprecedented “housing bubble” in the United States followed by a horrific crash that resulted in millions of Americans losing their homes and a financial catastrophe on Wall Street that we still talk about today. But instead of learning our lessons from that disaster, we are repeating history instead. The “housing bubble” that we are currently experiencing is far larger than the one that burst in 2008, and everyone knew that if mortgage rates rose high enough it could cause the bubble to burst. ...
Stablecoin crash drags crypto ideals back to earth
Post Date: 2022-05-15 07:58:41 by BTP Holdings
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Stablecoin crash drags crypto ideals back to earth By Liam Proud May 11, 2022 11:20 AM CDT Last Updated 4 days ago 3 minute read Bitcoin Conference 2022 in Miami Beach An attendee wears a t-shirt with the logo of bitcoin that reads "hodl", slang in the cryptocurrency community for holding a cryptocurrency rather than selling it, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello LONDON, May 11 (Reuters Breakingviews) - Do Kwon had one job. The self- titled “master of stablecoin” designed a popular digital token, TerraUSD, that was supposedly pegged to the dollar. On Wednesday its value slumped below 30 cents. The ...
Crypto “HOLDers” getting SUICIDAL as entire life savings now VANISHING in accelerating crypto carnage
Post Date: 2022-05-14 19:05:12 by BTP Holdings
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Crypto “HOLDers” getting SUICIDAL as entire life savings now VANISHING in accelerating crypto carnage Saturday, May 14, 2022 by: Ethan Huff Tags: bitcoin, Collapse, crypto, crypto collapse, ethereum, finance, greed, HODLers, investing, Stablecoin, suicide, Terra Luna This article may contain statements that reflect the opinion of the author Bypass censorship by sharing this link: https://citizens.news/619019.html Image: Crypto “HODLers” getting SUICIDAL as entire life savings now VANISHING in accelerating crypto carnage (Natural News) People who lost everything in Terra (UST) and Luna are now contemplating suicide after having their lives ruined by more ...
Western Economies Heading for "Deep Recession"
Post Date: 2022-05-14 12:24:38 by BTP Holdings
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The same officials who lied about "transitory inflation" are now saying that job figures show a coming recovery. However, they are ignoring that, due to inflation, real wages are declining, and there was the biggest drop in productivity in the last quarter since 1947! Instead of addressing the systemic collapse underway, western governments are making it worse, by pouring money into a war intended to destroy Russia, which is now backfiring against their own economies. And a note about why celebrations of VE Day, commemorating the victory over the Nazis in World War II, are low-key in the west this year, as NATO governments are pouring weapons into Ukraine that often end up in ...
Lobbyists Concerned Over Rising Cost Of Politicians
Post Date: 2022-05-13 08:58:28 by Ada
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WASHINGTON, D.C.—In increasing numbers, lobbyists say they are not exempt from the rising costs for food, gas, and other necessities. Paying off congressmen is more expensive than ever, lobbyists confirm, due to inflation and economic mismanagement. “We got comfortable,” confessed Exxon Mobil Lobbyist Flitch Vandersneed. “We thought D.C. would always continue being a wretched hive of graft and corruption where we could buy and sell congressmen for cheap. Now, with inflation and increased competition from China, it can cost millions to buy out a corrupt senator to vote our way on a bill.” The lobbyist went on to bemoan how a simple “bada-bing, bada-boom, pay ...
Possibility of ‘large’ economic shocks in future, Yellen warns
Post Date: 2022-04-29 08:36:34 by Ada
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US Treasury Secretary Janet Yellen urged countries to build in ‘recession remedies’ to protect people. US Treasury Secretary Janet Yellen said Thursday the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future, adding that downturns are “likely to continue to challenge the economy”. Her address at the Brookings Institution looked at lessons learned from economic downturns of the past and said countries need to build in “recession remedies” to protect people in the United States and globally going forward. With “large negative shocks” inevitable, she said, policymakers have learned ...
Russian Black Sea Oil Exports Double, Are Sanctions Still Working?
Post Date: 2022-04-28 12:46:45 by Ada
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The volume of crude leaving the Black Sea port of Novorossiysk more than doubled but where is it going? By Asia is still snapping up cheap Russian oil that European buyers don’t want. Seaborne exports of the nation’s crude rebounded in the seven days to April 22. One-fifth of the volume shipped from ports on the Black Sea, Baltic and Arctic coasts is on tankers showing no final destination, with most expected to end up in Asia. A total of 40 tankers loaded about 28 million barrels from Russian export terminals, according to vessel-tracking data and port agent reports collated by Bloomberg. That put average seaborne crude flows at 4 million barrels a day, up by 25% against the ...
Due To Inflation, Cost Of Free Speech Rises Sharply To $43 Billion Finance
Post Date: 2022-04-19 09:51:53 by Ada
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AUSTIN, TX—According to the latest reports, inflation has hit a 40-year high affecting the prices of many consumer goods. However, one consumer staple is actually at an all-time high. Speech, which as recently as earlier this year was free, is now valued at $43 billion. “The free exchange of ideas has been under attack, causing massive inflation under the Biden presidency,” explained Joe Squawk of CNBC. “It used to be that people could argue about all kinds of things on Twitter, a bastion of free speech. Then liberals started saying a lot of dumb things, and conservatives started making fun of them. So, the liberals started crying a lot, and the people working at ...
Google's pizza
Post Date: 2022-04-15 09:19:06 by Ada
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- Hello! Gordon's pizza? - No sir it's Google's pizza. - So it's a wrong number? Sorry - No sir, Google bought it. - OK. Take my order, please - Well sir, you want the usual? - The usual? You know me? - According to our caller ID data sheet, in the last 12 times, you ordered pizza with cheeses, sausage, and thick crust. - OK! This is it ... - May I suggest to you this time ricotta, arugula with dry tomato.? - What? I hate vegetables. - Your cholesterol is not good, sir. - How do you know? - We crossed the number of your fixed line with your name, through the subscribers' guide. We have the result of your blood tests for the last 7 years. - Okay, but I do ...
The Babylon Bee Presents: Honest Company Slogans
Post Date: 2022-04-09 10:48:45 by Ada
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False advertising is a stain on the fabric of our society. In order to thoroughly bleach this fabric and make it soft with extra fabric softener, we have assembled honest company slogans that we now demand all businesses to switch to. NO EXCEPTIONS! Nike: Slavery: just do it. Walmart: We clean the bathrooms sometimes! Doritos: Better go ahead and buy two bags, fatty. Applebee's: Eatin' Food In A Place. Subway: Eat…something?! United Airlines: We just said the skies are friendly. We made no promises about what happens inside the plane. Spirit Airlines: You're poor, aren't you? The American Federation Of Teachers: We care. About ourselves. Google: Don't ...
A Pivot to "Patriotic" Corruption
Post Date: 2022-04-06 09:14:22 by Ada
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I promised an article on the pro-Kremlin faction of the oligarchs, but that will have to wait until we get a final head count of who fled and who stayed in Russia. Friends today, enemies tomorrow — such is life in… well just about anywhere nowadays. Instead, we should probably say a few words about corruption, the security services and the way business is done in Russia to set the stage better for when we get into the nitty- gritty of it all soon. Corruption is a buzzword in Eastern Europe in a way that it simply is not in the West. This is because in the West, corruption is legal and understood to be part and parcel of the Liberal Democratic process, whereas in the East, ...
Liberals Outraged To Learn 10% Of Twitter Now Owned By African-American
Post Date: 2022-04-05 10:10:51 by Ada
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SAN FRANCISCO, CA—Liberals at Twitter were outraged this morning upon finding out almost 10% of their company is now owned by an African-American. Several have threatened walk-outs to protest the news. "Elon's foreigner ways aren't welcome here," said Twitter Programming Director Xerxie Vamoosixx, (xe/xir.) "I watched a TikTok video about a Salon article about a tweet from a journalist that said Elon is 'based,' which is another word for transphobic. I have literally not stopped shaking and throwing up on my desk since I found out." Several unnamed sources from within the company expressed worry that the African immigrant will influence the ...
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