OPEC+ may be considering an even larger cut than previously reported—at up to 2 million bpd, anonymous delegates told media on Tuesday…
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Federal Reserve Announces Major ‘Pilot Exercise’ for ESG Social Credit Score…
“Climate finance” is almost identical to that of the Chinese Communist Party’s social credit score system…
Here’s the Chart of the Global Bank Causing Panic in Markets…
The Swiss global bank, Credit Suisse, which is a derivatives counterparty to major Wall Street banks and U.S. insurers, raised alarm bells in markets on Friday and is raising more anxiety this morning. Its 5-year credit default swap (CDS), a measurement of its risk of defaulting on its debt, jumped to 250 basis points on Friday and traded as high as 350 basis points in early morning trade today…
Zelensky Tells Americans How Much Ukraine Receives Monthly by the U.S. Taxpayer…
Ukraine’s President Vladimir Zelensky boasted in a CBS “Face the Nation” interview which aired Sunday that Washington is providing him with a whopping $1.5 billion per month for state coffers as the country piles up a large war-time deficit…
Biden Dangerously Draining Strategic Petroleum Reserve Like ‘Campaign Credit Card,’ Industry Warns…
With crude inventory in the SPR down to its lowest level since Ronald Reagan’s first term, President of the U.S. Oil and Gas Association Tim Stewart said the reserve is being used by Biden to “buy down political risk” ahead of the midterm elections…
States Paid Pandemic Unemployment Benefits to 200,000 Dead People, Federal Audit Finds…
States paid out billions of dollars in pandemic unemployment claims to more than 200,000 applicants whose Social Security numbers indicated they were dead, according to an inspector general’s audit…
Nowhere to Hide: The Fed-Induced Bubble in Stocks and Bonds Is Blowing Up; Even the Typical Safe Havens of Gold and T-Notes Are Losing Money…
The corrupt political backdrop for today’s unprecedented market quagmire feels like a hyperbolic trailer for a low-budget sci-fi thriller: The former president of the only remaining superpower in the world has been charged with “staggering” frauds against banks – the ones he just deregulated as president…
Bonds on Track for Worst Year Since ’49 with No End in Site…
Losses in government bonds at the highest level since 1920s…
‘Black’ Monday 2.0…
Well that escalated quickly…
The History Books Will Prove This is An Industrial Example of the Great Pretending…
This is epic. This is like listening to Grandpa rail against the Federal Reserve and central banks without realizing the motive behind what the Federal Reserve and central banks are doing. This is the best example to date of the misconception behind ‘The Great Pretending.’…
THIS IS UNSUSTAINABLE!: Now, Congress Is Debating to Add Another $12B On Top of $40B Recently Authorized for the Ukraine Debacle…America Can Hardly Afford to Prop Up Another Country Indefinitely!!!
Congress has complied with the Biden administration’s request to include $12 billion for Ukraine in its stopgap funding bill, Reuters reported Monday…
DOW Drops Below 30,000, Erasing All Gains Since Biden Took Office…
Market has been on downward trajectory for well over a month…
Massachusetts Energy Companies Announce 64% Increase in Electricity Rates Beginning November 1st…
National Grid and Eversource are the two major electricity providers for Massachusetts. Both companies have notified the Department of Public Utilities (DPU) that rates for electricity are about to skyrocket…
Budget Analysts Conclude Biden Policies Will Add $4.8 Trillion to National Debt…
This nearly $5 trillion represents a conservative estimate of the amount this administration’s actions have added to the national debt…
This Global Monopolist Is Now Growing Genetically Modified Corn…What the Hell Is Wrong Plain Old Corn?…
Bill Gates published a new video promoting genetically modified corn. Gates is featured in the video lip-singing song lyrics sung by a child as he stands in a kitchen wearing t-shirt emblazoned with, “Ask me about corn.”…
JPMorgan’s CEO Jamie Dimon Calls for More Investment in Oil and Gas – “We aren’t getting this one right”…
JPMorgan CEO Jamie Dimon says that ‘investing in the oil and gas complex is good for reducing CO2’…
San Francisco Loses Another 39,000 Taxpayers…
Millenials and Gen Xers are leaving California in droves…
Fed Rate Hikes Will Add Trillions to National Debt…
Federal Reserve rate hikes will add trillions to the national debt, according to an analysis by the Committee for a Responsible Federal Budget…
Fed Hikes Rates Another 75bps, Sends Hawkish ‘Higher for Longer’ Signal with DotPlot…
For the 3rd meeting in a row, The Fed hiked 75bps as expected but signaled a much more hawkish than expected future trajectory of rates (higher for longer)…
DOJ Charges 47 with Stealing $250 Million from COVID Child Food Program…
Federal prosecutors on Tuesday unveiled criminal charges against 47 people they accuse of stealing about $250 million from a federal aid program meant to help feed children during the COVID-19 pandemic…
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