Latest Articles: Business/Finance
Will Elon Musk erase Twitter's censorious ideological slant?
Post Date: 2022-04-05 09:59:18 by Ada
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On Monday, news broke that Elon Musk, the world's richest man, in one fell swoop also became the single largest stakeholder in Twitter, for he now owns 9.2% of its shares. The big question now is whether he intends to use his position to push for change in a platform that has become a toxic echo chamber for "woke" ideas and cancel culture, even as it relentlessly silences opposing views. If I had to describe Musk, I'd call him an eccentric libertarian who is, nevertheless, just a little suspect in that role, given his commitment to alternative energy and climate change principles. He's also an outspoken visionary and genius. Perhaps most importantly, unlike so many ...
Disco Inferno: Fed Official Finally Warns of Housing Bubble
Post Date: 2022-04-03 09:29:10 by Ada
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The ride is over. Big time. This is only a local fed branch, but someone said it, so now it is out there in the public. RT: The Federal Reserve Bank’s Dallas branch has warned of a “brewing US housing bubble,” saying that prices have surged beyond levels justified by market fundamentals, creating risk of a market collapse. “There is growing concern that US house prices are again becoming unhinged from fundamentals,” Fed economists said in a research report posted earlier this week. “Our evidence points to abnormal US housing market behavior for the first time since the boom of the early 2000s,” they added. That boom preceded a market bust, ...
The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead
Post Date: 2022-04-01 19:22:20 by BTP Holdings
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The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead April 3, 2019 10:31 pm by IWB BY SRSROCCO By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade. Since the 2008 financial crisis, the top central bank’s have acquired $13 trillion worth of assets on their balance sheets. While the central banks label these balance sheet items as “Assets,” they are nothing more than glorified Paper IOU’s. And these trillions of dollars worth of paper IOU’s can only get their value from the burning of energy… a critical factor overlooked by mainstream financial ...
Biden Wants To Tax Income That You Don’t Have
Post Date: 2022-04-01 06:39:24 by Ada
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The White House Moron wants to tax unrealized capital gains, and some neoliberal economists think it is a good idea. Let’s take a look and see what we think. A capital gain is an increase in the price of something since you purchased it. It could be a stock, a bond, a house, artwork, gold, silver, anything for which there is a market. An unrealized capital gain is a paper gain based on the day’s price. It is not income and it is not wealth until it is realized. You realize it by selling the item, thereby having the money in your possession. An unrealized capital gain is a potential possession. So what does it mean to tax income you have not received? Suppose you purchase ...
Total Collapse: India Says They’re Going to Get Rich Off Russian Sanctions While the West Starves
Post Date: 2022-03-29 07:24:51 by Ada
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Does the US have any understanding of what is going on? I think these people are stupid. They are sitting around saying, “hahaha, we are Great Resetting them good now!” without comprehending the implications. RT: A system allowing direct rupee-ruble payments in trade between Russia and India could be launched this week, the president of the Federation of Indian Export Organizations (FIEO), A Sakthivel, told CNBC on Wednesday. The arrangement would allow India and Russia to carry out financial operations bypassing the US dollar. Russia is effectively blocked from using US currency due to Western sanctions over the conflict in Ukraine. According to the official, the Indian ...
Russia sets fixed gold price as it restarts official bullion purchases (Russian Ruble is now backed by Gold)
Post Date: 2022-03-28 22:41:41 by Pinguinite
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Russia's central bank resumed its gold purchases from local banks on Monday, but it set a fixed price on the precious metal. Starting this week, the Russian central bank will pay a fixed price of 5,000 roubles ($52) per gram between March 28 and June 30, the bank said on Friday. This is below the current market value of around $68. The central bank added that the resumption in buying will ensure supply and uninterrupted production of local gold. Two weeks ago, Russia's central bank announced that it was halting its official gold purchases from local banks due to a surge in demand from regular consumers. This is because Russians went on a gold buying spree in March to protect ...
Student loan forgiveness proves Democrats are the party of the rich
Post Date: 2022-03-27 12:15:00 by Ada
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As Democrats go all-out to woo affluent, college-educated suburbanites, President Biden is being pushed to extend the freeze on student-loan payments. But those with the highest college debt tend to be the nation's highest earners. As Democrats go all-out to woo affluent, college-educated suburbanites, President Biden is being pushed to extend the freeze on student-loan payments. But those with the highest college debt tend to be the nation's highest earners. NY Post photo composite More On: student loans If you want an indication of how completely the Democrats have been transformed from the workingmen’s party to the party of affluent professionals, consider how intensely ...
Washington’s Sanctions War – A Futile Attempt To Control the World Economy
Post Date: 2022-03-22 09:11:27 by Ada
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Republicans are a pretty pathetic lot. They are always yapping about the socialist dangers posed by the Dem spenders, but actually wouldn’t recognize actual socialism if it whacked them across the forehead. That is to say, in recent days they have been hooping and hollering in favor of Washington’s Sanctions War on Russia, but that’s about as pure a case of socialism as can be imagined. In essence, economic sanctions assume that the state is entitled to expropriate and destroy economic value owned by any business which had been doing good faith trading or financial transactions with sanctioned Russian entities. Sure the big cap Fortune 500 and Silicon Valley giants can ...
Putin Reappoints Russian Central Bank Chief Who Handed Over Russia’s Reserves to Russia’s Enemies
Post Date: 2022-03-19 08:07:33 by Ada
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According to the Wall Street Journal, today President Putin has nominated for a third term Elvira Nabiullina as chief of the Russian central bank: “Ms. Nabiullina’s reappointment solidifies her role as one of Russia’s top economic generals, tasked with keeping the country’s financial system functioning and commerce flowing while fighting rages in Ukraine. Her current term is due to end in June. She is expected to speak later Friday. “’The president has repeatedly praised the results of the work of Nabiullina and the central bank as a whole. And we see how logical it was to introduce her candidacy for another term,’ Kremlin spokesman Dmitry Peskov ...
Fed raises interest rates for the first time since 2018
Post Date: 2022-03-16 14:21:35 by Ada
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The Federal Reserve on Wednesday raised short-term interest rates for the first time since 2018, as high inflation pushes the central bank to pull back on its extraordinary pandemic-era support. The U.S. central bank lifted its benchmark Federal Funds Rate by 0.25%, to a target range of between 0.25% and 0.50%. The Fed also noted that the economic outlook remains “highly uncertain” in the face of the war in Ukraine. Stay ahead of the market By notching up rates, the Fed kicks off a process of raising borrowing costs in the hopes of quelling the demand that may be pushing prices higher. Projections released by the policy-setting Federal Open Market Committee signal the ...
Bloomberg Informs Dumb Retards That Saudi Selling Oil in Yuan Is No Big Deal
Post Date: 2022-03-16 10:28:19 by Ada
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This is the top story when you look for what the mainstream media is saying about reports that Saudi Arabia is considering selling oil to China in yuan – from the financial geniuses at Bloomberg: Click for Full Text!
Petrodollar COLLAPSING as Saudi Arabia Turns to Post Globalist World!!!
Post Date: 2022-03-15 22:05:37 by BTP Holdings
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Are we witnessing nothing less than the death of the petrodollar? With Saudi Arabia potentially adopting Chinese currency, that’s exactly what a number of analysts are saying. In this video, we’re going to get a big picture of the fallout from what’s going on in Ukraine, we’re going to see what the potential for de-dollarization really is, and stick with me to the very end of this video when I’ll show why, no matter what happens, the old liberal globalist world has indeed come to a final and decisive end; you are NOT going to want to miss this!
10 Signs the War in Ukraine is part of the Great Reset
Post Date: 2022-03-15 11:14:30 by Ada
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Welcome to the second phase of the Great Reset: war. While the pandemic acclimatised the world to lockdowns, normalised the acceptance of experimental medications, precipitated the greatest transfer of wealth to corporations by decimating SMEs and adjusted the muscle memory of workforce operations in preparation for a cybernetic future, an additional vector was required to accelerate the economic collapse before nations can ‘Build Back Better.’ I present below several ways in which the current conflict between Russia and Ukraine is the next catalyst for the World Economic Forum’s Great Reset agenda, facilitated by an interconnected web of global stakeholders and a diffuse ...
Amish Man Smiles Smugly As He Rides By Gas Station With $6 Prices U.S.
Post Date: 2022-03-10 17:52:19 by Ada
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SMICKSBURG, PA—Local Amish patriarch Ezekiel Yoder was seen smiling smugly as he rode his market wagon by an outsider's gas station where the cost per gallon broke six dollars a gallon. He calmed his horse and observed the chaos at the pump. People were ripping each other apart to throw away their money on high-priced fuel. Thank Gotte he was not like them! Yoder cried out to those embroiled in the chaos. "Blowing at the smoke doesn’t help if the chimney is plugged!" he said, snorting divinely. "Ah, it's gut to be blessed, Baalam," he said to his horse. Witnesses at the gas station were deeply offended that a kind-hearted Amish man could be so ...
U.S. Wants Venezuelan Oil In Exchange For Sanction Relief
Post Date: 2022-03-09 16:19:50 by Ada
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The United States wants Venezuela to commit at least part of its oil exports to U.S. refineries as a condition for Washington to consider providing sanction relief to the South American nation, Reuters has reported, citing unnamed sources in the know. The report comes days after the U.S. sent a delegation to Caracas to reportedly seek support for its sanctions against Russia in a bid to increase Russia's isolation, including from friendly countries such as Venezuela. The subject of the talks that the two sides held in Caracas was not disclosed, but it was reported that they did not end with an agreement of any kind. Seeing as the U.S. has been planning a ban on Russian oil imports ...
Now Courted By Biden, Socialist Strongman Maduro Hails "Cordial" US Talks For Oil Supplies
Post Date: 2022-03-08 18:16:41 by Ada
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Socialist strongman Nicolás Maduro of Venezuela has hailed ongoing "cordial" talks with the team dispatched by Biden to Caracas on Monday as the White House is desperate to tap new supplies of oil. Maduro, once targeted by US regime change efforts - particularly during the Trump administration - is now apparently being courted by Washington, as the White House is signaling it could drop the oil embargo on the major OPEC Latin American nation. "We have agreed to work on an agenda going forward, issues of interest," Maduro said. “It seemed to me very important to be able, face to face, discuss issues of maximum interest to Venezuela and the world. And I ...
Gold Soars To $2,063, Just One Cent Away From New All Time High
Post Date: 2022-03-08 18:11:28 by X-15
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With digital gold acting more like digital lead in recent weeks, as bitcoin and the broader crypto sector trade as high-beta tech stocks perhaps helping tech funds satisfy margin calls, the real gold has no such qualms and after flatlining for much of the past 18 months, has broken out solidly to the upside, and just today spike more than 3%, rising to session high of $2,063.53 Why $2,063.53? Because $2,063.54 was the closing high on August 6, 2020 when gold hit an all time high in the aftermath of the Fed's money debasement frenzy when the Fed's balance sheet exploded by hundreds of billions weekly. But while technical selling may have emerged at this key resistance level, we ...
Ford Shares Pop On Company's Plans To Separate Its ICE (Real Car) And EV (Toy) Segments
Post Date: 2022-03-02 15:37:10 by Esso
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It may not be the spin-off that Wall Street was hoping for, but Ford is slated to announce that it is going to undergo a re-organization wherein it will separate its internal combustion engine (ICE) segments and its EV segments. Ford shares are up about 4% heading into the open on Wednesday. The move is to help "fast track" the company's growth in EVs, the company said on Wednesday. The divisions will have separate names, but will both be part of Ford, according to Reuters. Ford is planning on naming executives t0 lead each portion of the business individually, the report says. Eventually, the company will separate financial results for the two businesses. Ford spokesman ...
The Party of Chaos Blows Its Cover
Post Date: 2022-02-26 10:27:44 by Ada
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The Ukraine blow-up is more a humiliation for “Joe Biden” and his faction than for the US per se, for the truth is that we have scant interest in that corner of the world and what goes on there is none of our business, and never was…. It is fair to say that the “Joe Biden” government dearly wanted a Russian invasion of Ukraine in order to divert attention from the “Joe Biden” government’s war on its own people in the United States. The table was nicely laid for it over many years, including, by the way, Mr. Trump’s vaunted gift of weaponry to Ukraine, which enabled and emboldened the Kiev regime to harass the Russian-speaking population of ...
8 Tips For Keeping Money Safe If Your Fascist Prime Minister Tries To Freeze Your Bank Account
Post Date: 2022-02-16 10:22:44 by Ada
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The emergence of a Canadian dictatorship is no laughing matter, even if it is Trudeau. The trauma in Canada serves as a stark reminder that even the politest nation can suddenly be turned on its head by a tyrant wearing blackface. If Trudeau is coming for your bank account, consider these tips for keeping your money safe. 1) Convert all your money to Tim Horton's gift cards: This is now the most stable form of currency in Canada. 2) Hide it under something Trudeau can't move, like a 10-pound dumbbell: His max is only 7 pounds. 3) Write quotes from Thomas Sowell on all your cash so that when government agents take it, they'll read how detrimental wealth confiscation is to ...
How Lefty Urbanists Quash Housing Supply
Post Date: 2022-02-11 09:45:15 by Ada
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It has been twelve years since I suggested to a Seattle developer that the cause of the housing “crisis” was a lack of supply. She dismissed my argument, claiming the word “supply” was “too Republican.” Today, things have changed—you’re allowed to propose supply-side reforms, as long as you balance them out with a proposed intervention, like taxing the production of new housing to pay for affordable housing. Consider this example. A piece in the Denver Voice with the headline, “Denver seeks to capitalize on homebuilding activity with new affordable housing regulations,” discusses the city’s attempt to boost the supply of ...
Pfizer Made $37 Billion from Vax Sales in 2021, Forecasts Huge Profit Boost in 2022
Post Date: 2022-02-09 11:21:52 by Ada
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Pfizer was a great investment. The next big thing is going to be companies that use 5G to control people’s thoughts using the nanobots that were injected into them through the vaccines. Big money. The Guardian: Pfizer made nearly $37bn (£27bn) in sales from its Covid-19 vaccine last year – making it one of the most lucrative products in history – and has forecast another bumper year in 2022, with a big boost coming from its Covid-19 pill Paxlovid. The US drugmaker’s overall revenues in 2021 doubled to $81.3bn, and it expects to make record revenues of $98bn to $102bn this year. Albert Bourla, the chairman and chief executive, said that at the start of the ...
The Saker Interviews Michael Hudson
Post Date: 2022-01-30 10:04:11 by Ada
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Intro: I need to begin with a MAJOR caveat and tell you how/why this “interview” happened. I did not plan to interview Michael Hudson. I was listening to a well known Russian economist, Mikhail Khazin, and I was fascinated by what he was saying. I also understood only some of the points he was making. To put it mildly, I am not an economist, and while listening to Khazin did did not take any notes. What I did do is email Michael and ask him a few question by email, just to clarify my own thoughts and marginally better my (rather dismal) “understanding” of economic and their role in the current standoff. With this typical kindness and generosity, Michael gave me some ...
Legal Insurrection
Post Date: 2022-01-28 11:19:10 by Ada
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One of the features of every societal crisis is that the elites of the society stop enforcing the rules of society, especially on themselves. Prior to the collapse of the Roman Republic, the elites started making exceptions to the rules. In the short term they seemed practical, but in the long term these exceptions undermined the moral logic of the rules entirely. Before long, a man in Gaul could decide that the rules no longer applied and he was free to do as he pleased. This is at the core of the current crisis in the American empire. The rules have become arbitrary with regards to the elite. In turn the elites no longer enforce basic principles that are the foundation of the country. ...
America’s Most Dangerous Unknown Man
Post Date: 2022-01-25 09:50:48 by Ada
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The US Senate will soon vote on Federal Reserve Chairman Jerome Powell’s nomination to a second term. One of the senators opposing Powell is Elizabeth Warren. I don’t often agree with Senator Warren, but I do agree with her assessment that Powell is “dangerous.” However, Warren actually doesn’t understand what makes Powell, or any Fed chairman, intrinsically dangerous to liberty and prosperity. Warren thinks Powell is dangerous because she thinks he will not be supportive enough of imposing her desired new regulations on banks and other financial institutions. Senator Warren, like most progressives, clings to a fantastical notion that regulations benefit workers, ...
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