The August/September cover of Fortune Magazine raised the titillating question as to whether crypto billionaire Sam Bankman-Fried might be the next Warren Buffett – a man whose investment acumen has survived more than seven decades. Less than three months later, the public has its answer. Bankman-Fried’s crypto empire has turned to ruins in one week…
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An Economist’s Chart Goes Viral: Shows Main Source of Inflation Chart Using BEA Data on Where Inflation Is Coming From…
On April 21 Josh Bivens posted a titillating analysis on the Working Economics Blog. Bivens has a Ph.D. in Economics from the New School for Social Research and is the Director of Research at the Economic Policy Institute. The blog post was titled: “Corporate profits have contributed disproportionately to inflation. How should policymakers respond?”…
U.S. Attorney Announces Historic $3.36 Billion Cryptocurrency Seizure And Conviction In Connection With Silk Road Dark Web Fraud…
In November 2021, Law Enforcement Seized Over 50,676 Bitcoin Hidden in Devices in Defendant JAMES ZHONG’s Home; ZHONG Has Now Pled Guilty to Unlawfully Obtaining that Bitcoin From the Silk Road Dark Web in 2012…
Are You Ready for the Coming U.S. Government Default?…
The vast herd of investors are a deluded crowd. Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward…
Pretending Continues – Fed Chair Raises Interest Rates 3/4 Point, Blames Russia for U.S Food Prices, Claims Consumer Demand Still Too High…
It’s all a ruse; an economic shell game being played for politics – nothing more…
Diesel Shortage Raises Serious Alarm As Fuel Logistics Firm Issues ‘Code Red’ in Southeast…
Everything stops, and I mean everything, without diesel fuel…
High Level International Bankers Simulate the Collapse of Global Financial System…
Well, this can’t be a good sign. Rumors swirl daily, weekly, monthly about an impending financial crash or the U.S. dollar being replaced as the world’s global currency. So when the top global banks from the West convene to “war game” a financial implosion we might be wise to pay attention…
Joe Biden Claims Current Gas Prices Lower Than When He Took Office, States Falsely Gas Was Over $5/Gal When He Was Inaugurated…
Why is Biden much less his staff incapable of differentiating between facts and disinformation?…
“Strong as Hell” Economy Is a Mirage of Math…
“President” Joe Biden described the US economy as, “Strong as hell,” in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that…
Single Greatest Wealth Loss in History: $100 Billion Zuck-Bucks Vaporized As Meta-Bet Bombs…
Mark Zuckerberg’s social media empire is collapsing after Meta shares crashed 24.5% from Wednesday’s close, sliding to the 98-handle late in the Thursday cash session, after dismal third-quarter earnings…
Some Media Won’t Tell You When the Saudis Snub Biden…
Last week the Saudis publicly snubbed the Biden administration. Several outlet picked up on that…
Steve Mnuchin Is Not Pretending, States U.S. Economy Is Already in Recession…
A lot of people didn’t like Steven Mnuchin as Treasury Secretary, I did. Secretary Mnuchin was an inside player, a billionaire himself, who worked for the outside team…
Bidenomics – Home Values Continue Dropping Quickly, Especially On West Coast – Meanwhile Rents Continue Increasing…
As inflation bites the working-class hard, U.S. household savings rates continue dropping fast. When combined with drops in home values the loss in home equity compounds the issue. American families are getting poorer much more quickly under Joe Biden’s economic policies…
The Fed’s Trading Scandal Broadens Into a Scandal with the Mega Banks It “Regulates”…
Last Thursday, Jeanna Smialek, who reports on the Fed for the New York Times, broke the news that the President of the St. Louis Fed, James Bullard, gave a private, invitation-only briefing on October 14 to clients of Citigroup – a Wall Street megabank that is supervised by the Fed and which received the largest bailout from the Fed from 2007 to 2010 in global banking history – a cumulative sum of $2.5 trillion in secret loans according to a government audit…
‘All of Us Knew’: Biden Ally Says Democrats Knew Inflation Was Coming After Spending Bill…
House Majority Whip Jim Clyburn (D., S.C.) on Thursday said congressional Democrats knew when they signed off on President Joe Biden’s multitrillion-dollar legislative plans that the laws would lead to increased inflation…
As Covid Hit, Washington Officials Traded Stocks with Exquisite Timing…
Some sold in January 2020 when the government began mobilizing against the threat. Others bought shares as a market-rescue plan was taking shape…
Another Appeals Court Finds Progressive Consumer Financial Protection Bureau Unconstitutional…
The Consumer Financial Protection Bureau (CPFB) was originally created by congress (Elizabeth Warren lead) as a quasi-constitutional watchdog agency to reach into the banking and financial system, under the guise of oversight, and extract money by fining entities for CFPB defined regulatory and/or compliance violations…
Please, Someone: Hit the Brakes On Biden’s Gas and Energy Nonsense…
Team Biden’s energy nonsense never stops. The latest: a bizarre claim that Americans are saving money — $120 a month, or $420 million in total since summer — at the pump…
China to Stop Reselling LNG to Europe…
Chinese state-owned energy giants have been recently told by authorities to stop reselling liquefied natural gas…
Fed Watch: When They Call for the Bailiff You Know You’re Winning…
In the face of the Fed’s intransigent hawkishness we are now on the verge of exposing the worst lies of two generations of people in power. I’ve maintained for more than a year now that the global oligarchy known here as The Davos Crowd thought they’d run the table on the US and the UK with COVID-19…
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