During the Sunday, December 10 news program on CNN, “State of the Union with Jake Tapper and Dana Bash,” a deceptive, scare-mongering TV commercial popped up, warning that federal banking regulators’ proposed plan to require the mega banks on Wall Street to hold more capital against their riskiest trading activities “will increase the cost of mortgages and car payments” and “hurt small businesses, making it harder for them to access credit, meet payroll and run their operations.”…
Finance
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Trillion Dollar Club: Leaders in Congress Who Saddled Your Children, Grandchildren, Great Grandchildren…with a $34 TRILLION National Debt That’s Growing and Growing and…
Sen Mitch McConnell has served as Minority or Majority Leader of the U.S. Senate for more than 20 years when the majority of the massive budget deficits have grown into the trillions in debt we have today…
Because, of Course He Does – JPMorgan CEO Jamie Dimon Wants Crypto Currency Banned in USA…
The US Treasury has set the financial system on an almost unreversible path to a U.S. Central Bank Digital Currency. Crypto is a threat to the establishment of that objective…
Bidenomics: Zero Electric Vehicle Chargers Built So Far with $7.5 Billion Allocated by Congress…
Despite Congress having allocated billions to building electric vehicle (EV) chargers across the United States at the behest of President Joe Biden, not a single charger has been built so far with the funds…
Right Before Hamas Attacked Someone Shorted Israeli Stocks and Funds…
A real whodunnit here. Who knew the October 7th attack was going to take place and made unusual short positions making hundreds of millions in doing so….
Gold Drops After Spiking To Record High of $2,130…
… is all too real because suddenly everything that is non printable is soaring, starting with gold, which has exploded as much as $60, spiking to a new all time high of $2,135…
“Mr. President, Tap the Brakes”: 3,900 Auto Dealers Warn EV Demand Crumbling…
When a Tesla electric truck costs $61k and American’s needs more than $10k extra a year just to keep their noses above the debt drowning line, who exactly can afford buying an Electric Vehicle much less any vehicle?…
Americans Need An Extra $11,400 Today Just to Afford the Basics…
The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data…
Fed Data on Cash Assets at the Biggest Banks Depicts an Out-of-Control Fed and Banking System Cash At Banks Goes on a Roller Coaster Since the Crash of 2008…
FRED is a giant online database at the St. Louis Fed that allows anyone to graph the financial and economic data stored in its repositories. We use the data regularly to bring our readers a crystal-clear snapshot of the increasingly dangerous underpinnings of the U.S. financial system…
The Next Year Will See $7.6 Trillion in Government Debt Mature…
According to an analysis by asset management firm Apollo, almost a third of all outstanding US government debt is poised to mature in the next 12 months…
Trillion Dollar Bailout: What Xi Really Wants from Biden…
During his visit to San Francisco, China’s Xi Jinping, seemingly desperate, requested a substantial $900-billion bailout for the Chinese economy from President Biden…
Are U.S. Treasurys Still a Safe-Haven Asset? An Epic Bond-Market Crash and Rising Default Fears Are Sowing Doubts…
US Treasurys have long been the go-to asset when uncertainty, fear, and full-blown panic send investors looking for safety — but that reputation has take major hits lately…
Fueling Electric Vehicles Costs Roughly $17 Per Gallon: Study…
A new study found that fueling electric vehicles costs roughly $17 per gallon…
Consumer Price Index Unexpectedly Misses Across the Board, Core Inflation Lowest in Over 2 Years…
Starting with the headline CPI, it came in at 3.2%, below the 3.3% expected, while MoM CPI also missed expectations, printing unchanged (0.0%), below the consensus of a 0.1% print, and sharply below last month’s 0.4% print…
House Passes Bill to Avert Government Shutdown with Bipartisan Support…
Pretty certain the Senate will likely pass it punting the battle for the dollars a bit down the road…
Most Voters Would Rather See the Government Cut Spending Than Raise Taxes, Poll Finds…
American voters would rather see lawmakers cut government spending than increase taxes, but new poll results show the cuts voters want would have little effect on the nation’s $33.17 trillion in debt…
GUILTY ON ALL CHARGES UPDATE: FTX was a Democrat Money Laundering Operation with Wall Street Dark Money & PSYOP-19 “Pandemic” Ties…
Drug addled FTX crypto scammer, Democrat party money launderer, and “pandemic” grifter Sam Bankman Fried was found guilty on all charges…
WeSuck: First Came the Hype; then Came Adam Neumann’s Self-Dealing; then Came the IPO Scandal; Now Comes the Bankruptcy…
WeWork, the flexible-office-space company, is the quintessential proof that you can’t put lipstick on a pig forever. On Tuesday, the Wall Street Journal reported that WeWork “ is planning to file for bankruptcy as early as next week….”…
Sam Bankman-Fried Found Guilty of Fraud…
A jury was unconvinced by the ex-FTX CEO’s claims he didn’t know about billions in missing customer funds…
Americans Panic Search “Give Car Back” As Subprime Auto Loan Delinquency Erupts…
Recent data from Edmunds reveals that an unprecedented 17% of American car purchasers now have monthly car payments of $1,000, a significant increase from just 7% three years ago…
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