This article is a primer on the Chinese gold market, more specifically the Shanghai International Gold Exchange (SGEI). The SGEI facilitates “offshore” gold trading in renminbi and can play a crucial role in de-dollarization, as it allows countries to use renminbi as a trade currency that can be converted into gold without affecting China’s balance of payments. De-dollarization can be accomplished by using yuan to settle international trade and store surpluses in gold through the SGEI…
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SEC Sues Crypto Exchange Coinbase…
The Securities and Exchange Commission has filed a lawsuit against Coinbase, alleging the company was working as an unregistered securities exchange…
Why Is the Second-Hand Value of Electric Cars Plummeting?…
New data reveals electric cars have lost an average of one third of their value in the past six months compared to just 0.5% for petrol vehicles. But why?…
The Three Large Banks that Blew Up This Year Were Not Even on the FDIC’s Problem Bank List Assets Of and Numbers of Banks on the FDIC’s Problem Bank List…
The second, third, and fourth largest bank failures in U.S. history occurred this year. And yet, none of the banks that blew up were on the “Problem Bank List” that is prepared quarterly by the federal bank regulator that is supposed to be on top of these things – the Federal Deposit Insurance Corporation (FDIC)….
Native-Born Workers Tumble by 369K, As Foreign-Born Workers Soar to Record High in Biden’s Economy…
From the looks of the monthly Nonfarm Payrolls data that American workers are getting royally screwed under the Biden economy…
DEI Must Die…
Cowardly CEOs eager to appease the woke mob fall for these scams every time. Could we soon be witnessing the demise of the “DEI” movement? The letters “DEI” stand for diversity, equity and inclusion, which is the mantra of corporate and political America today…
Over $10 Billion Wiped from Target’s Value in Just Ten Days…
American retail giant Target Corp has seen a staggering $10 billion wiped from its market capitalization amid widespread boycotts against the company…
‘There Will Be a Reckoning’: Freedom Caucus Livid over McCarthy Debt Deal…
Update (1230ET): The House Freedom Caucus assembled for a presser on Tuesday, where Rep. Chip Roy (R-TX) said: “Not one Republican should vote for this deal. It is a bad deal. No one sent us here to borrow an additional 4 trillion dollars to get absolutely nothing in return,” adding “There will be a reckoning about what just occurred unless we stop this bill.”…
Republicans FURIOUS over Debt Deal Reached by McCarthy, House Freedom Caucus Takes MAJOR Action in Response…
The lopsided deal has caused many Republicans to come out in droves against the bill, despite McCarthy’s claim that 95 percent of Republicans in Congress support it…
‘Kevin Caved’: McCarthy Savaged over Debt Ceiling Deal…
The hits just keep coming for Speaker Kevin McCarthy, as angry Republicans have been outright rejecting the debt ceiling deal which raises it by roughly $4 trillion for two years, doesn’t provide sticking points sought by the GOP…
Central Bank Digital Currency Initiatives Permeate Agenda for World Economic Forum’s Upcoming ‘Summer Davos’ in China…
Davos Man wants you beholden to a global Social Credit Score system…
New Evidence Emerges that the Investigation of the Fed’s Trading Scandal by the Inspector General Has Been a Coverup from the Beginning…
While multiple Wall Street watchdogs called for Powell to refer the investigation to the U.S. Department of Justice and the Securities and Exchange Commission – which conduct all legitimate insider trading investigations involving publicly-traded stocks — the Fed instead referred the investigation on October 4, 2021 to the Federal Reserve Board’s own Inspector General, who is appointed by the Chair of the Fed, reports to the Fed Board (including the Chair) and can be fired by a two-thirds vote of the Fed Board…
Yellen’s “False Deadline” Bannon Demands Yellen Present U.S. Cash Flow for American People…
Don’t fall for the stupid being peddled by the left on the doom and gloom of the debt ceiling/spending cut negotiations. Steadying the ship needs a calm approach which Bannon delivers on this morning’s show…
Conservatives’ Bud Light Boycott Is a Massive Success, and Other Companies Are Taking Notice…
Bud Light sales are still plummeting after the brand’s disastrous transgender partnership, and it looks like Target is afraid to be next…
The Heaven’s Gate Option: Congressional Democrats Beg Biden to Make Them Constitutional Nonentities…
It is reminiscent of when Democrats applauded wildly when President Barack Obama told them that he was going to circumvent …Congress entirely after it refused to approve his immigration and environmental legislation. They were applauding their own institutional obsolescence. I called it a constitutional tipping point and now Democrats are asking to be effectively stripped of their core power over the purse…
The Banking Crisis for the Biggest U.S. Banks Began in April 2022; By December 14 They Had Shed $457 Billion of Deposits…
Pretty much everything the average American has read about the banking crisis is wrong. And there is at least a prima facie case that could be made that Big Media is responsible for that misinformation…
FDIC Seizure of Foreign Deposits at SVB Opens Pandora’s Box at JPMorgan Chase and Citi – Which Hold a Combined $1 Trillion in Foreign Deposits with No FDIC Insurance…
If you have been following the banking crisis, you have likely read at least a dozen times that on March 12 federal banking regulators, with the consent of the U.S. Treasury Secretary Janet Yellen, invoked the “systemic risk exception” in order to protect both insured and uninsured depositors at the two banks that failed in March – Silicon Valley Bank and Signature Bank…
The Pain of Silicon Valley Bank’s Collapse Is Being Felt by These Depositors…
Customers that banked at SVB’s Cayman Islands branch have had their funds seized by the FDIC…
Deutsche Bank to Pay $75 Million to Settle Jeffrey Epstein Accusers’ Suit…
A civil complaint alleged the financial institution facilitated the disgraced financier’s sex-trafficking ring…
How Deutsche Bank Was Connected to Jeffrey Epstein And What Its Payout to Survivors Could Mean…
Deutsche Bank has paid at least $225 million to settle cases over keeping more than 40 accounts for the late, disgraced financier Jeffrey Epstein, who allegedly used the accounts to fund a sex trafficking ring—a legal snarl that could also cost JPMorgan Chase…
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