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…
Finance
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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…
KEEPER. LONG READ: Crowning the King of Wall Street…
In addition to intimate associates of Leslie Wexner, JPMorgan’s Jamie Dimon’s ascent to the highest tier of Wall Street power also depended heavily on the Crown family – whose deep ties to organized crime and the military-industrial complex made them one of the richest, most powerful and most corrupt families in America…
China Sells US Debt, Stockpiles Gold Amid De-Dollarization Trend…
Amid the growing de-dollarization trend and increased awareness of the importance of diversification of foreign exchange reserves, starting in 2022, China began to sell US Treasury debt and use the dollars to stock up on gold…
PacWest Shares Crash After Reporting Deposit-Flight Accelerated Last Week…
Despite all the protestations from talking heads, it appears the reality is that the US bank deposit run is far from over…
Bud Light’s Sales Drop Is Accelerating Amid Dylan Mulvaney Fiasco–and Is Now Spilling Into Other Bud Brands…
Bud Light’s downward spiral has accelerated in the wake of the Dylan Mulvaney debacle — and the carnage has begun to spill into Anheuser-Busch’s other mega-buck brands, The Post has learned…
At Year End, 4,127 U.S. Banks Held $7.7 Trillion in Uninsured Deposits; JPMorgan Chase, BofA, Wells Fargo and Citi Accounted for 43 Percent of That…
If the dark secrets about the U.S. banking system that federal regulators have been keeping since the financial crash of 2008 are allowed to be aired in public Congressional hearings as a result of the current banking crisis – and mainstream media will grow a backbone and cover those hearings – it could help the U.S. avoid a catastrophic financial reckoning down the road…
This Debt Ceiling Fight Is Truly Different This Time…
Now that we’re post-FOMC and ECB we have a clear playing field for another 6 weeks. The US debt ceiling theater is now center-stage along with completing the transition away from LIBOR, which will become an anachronism at the end of Q2…
“A Lot More Bodies Coming” – Druckenmiller Warns of “Hard Landing”, Blasts Fed “Free Money” Making People Do “Really Stupid Things”…
Stan Druckenmiller thinks the US economy is teetering on the edge of a recession, predicting a “hard landing”, and warning that “there’s a lot more bodies coming” with regarding regional banks and corporate bankruptcies…
State Department Spending Tax Dollars on Transgender Makeup Entrepreneurs in Nepal…
…But, if you were a transgender makeup entrepreneur in another country — Nepal for example — you’d be able to benefit from the Biden administration’s generosity…
Top Banking CEO Warns of Further Volatility and Predicts More U.S. Rescues…
A top banking executive highlighted a possible divergence in fortunes for the finance sector in both Europe and the U.S., suggesting that more rescues of American regional lenders are likely.
Watchdog: IRS Has Spent $10M on Weapons, Ammunition, and Combat Gear Since 2020…
Anew watchdog report reveals that the Internal Revenue Service (IRS) has been stockpiling $10 million worth of weapons, ammunition, and combat gear since 2020…
Here We Go Again: Troubled California Bank PacWest Craters 60% on Report It Is Seeking Buyers or Capital Raise…
Well, as usual, the narrator was right, because while Powell’s lies were still ringing in our ears, the next regional bank collapse was on its say. Shortly after the close, Bloomberg reported that another regional, California-based bank (of course), PacWest Bancorp., was weighing a range of strategic options, including a sale…
Fed Hikes 25bps As Expected, Signals ‘Hawkish Pause’; Warns of ‘Tighter Credit Standards’…
Federal Reserve hikes 25bps as expected…
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