The latest attempt at inflicting maximum punishment and pressure on Russia amid its grinding war in Ukraine has many scratching their heads, as the US is now set to block Moscow’s ability to pay its sovereign debt – though ironically which Russia appears ready and willing to pay, if it weren’t for the far reaching US-led sanctions imposed on its central financial institutions in the first place…
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Crypto’s Crash: 100-to-1 Leverage Goes Poof!…
Crypto was in full-blown crash mode last week, wiping out more than $300 billion in market value. TerraUSD, a so-called stablecoin that is supposed to trade at a “stable” $1 value, crashed to a few cents on the dollar. Its sister cryptocurrency, Luna, likewise imploded…
These Stock Patterns Are Impossible – Without Brazen Manipulation that the SEC Is Choosing to Ignore…
Beginning in November of 2008, the Fed was allowed by Congress to manipulate the U.S. bond market through purchases of bonds with money it creates at the flick of an electronic button. The Fed calls this “Quantitative Easing” or QE…
Goya CEO Issues Dire Warning on Looming Food Crisis…
Policies leading to a war on fossil fuel as well as the Russian invasion of Ukraine will contribute to a food crisis, according to Robert Unanue, President and CEO of Goya Foods. “We are on the precipice of food shortage.”…
Morgan Stanley Sees S&P Tumbling As Low As 3,400: “That’s Where Valuation and Technical Support Lie”…
In the latest Morgan Stanley Sunday Start note published over the weekend, which this time featured the bank’s chief US equity strategist, Michael Wilson (who after BofA’s Michael Hartnett, is easily the street’s second most bearish strategist), the bank’s strategist elevated his bearish view up another notch, writing that this bear market will not be over until one of two things happens: “either valuations fall to levels (14-15x) that discount the kind of earnings cuts we envision, or earnings estimates get cut.”…
SHOT: As Gas Prices Hit Record Highs, Clueless JoeBamaSoros Cancels Huge Alaska Oil and Gas Lease…
The Biden administration has canceled one of the most high-profile oil and gas lease sales which was pending before the Department of the Interior, at a time when Americans are suffering from record-high prices at the pump…
CHASER: More Oil from U.S. Strategic Petroleum Reserve Heads to Europe…
Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and looks to reduce reliance on Russian oil, Bloomberg reported on Thursday, citing tanker-tracking data and sources with knowledge of the shipments…
Watch: House of Mouse Down $63B Since Going to War with DeSantis…
Disney’s epic fall from grace began in March when CEO Bob Chapek came out against Florida’s parental rights in education bill…
The Great Currency Reset and Why Europe Is Trapped…
There’s a lot of news flying around about the changes happening in global currency trading. From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of the divide…
“Highly Attentive” Fed Unleashes Biggest Rate-Hike Since Bursting the Dot-Com Bubble…
Since the last FOMC meeting, the short-term interest-rate (STIR) market has adjusted dramatically more hawkish in its outlook for the rest of the year – now pricing-in 11 more rate-hikes (that includes the expectation of 2x 25bps hikes today). But at the same time, the expectations for subsequent easing from what will inevitably create a recession have barely budged…
Roots of Our Current Inflation: A Deeply Flawed Monetary System…
A monetary system that allows the creation of money out of thin air is vulnerable to the fits of credit expansion and credit contraction. Periods of credit expansion typically occur over many years and even decades while the phases of credit contraction happen like sudden implosions. The monetary policy makers tend to promote the prolongation of credit expansion because they fear deflation…
A New Gold Standard? Kremlin Confirms Intention to Back Ruble with Gold and Commodities…
On Tuesday 26 April in an interview with newspaper Rossiyskaya Gazeta (RG), the Secretary of the Russian Federation’s Security Council, Nikolai Patrushev, said that Russian experts are working on a project to back the Russian ruble with gold and other commodities…
Another Raid of Deutsche Bank, Another Dead Whistleblower…
The Financial Times is reporting this morning that “Germany’s federal police office, criminal prosecutors and the country’s financial watchdog BaFin are raiding Deutsche Bank’s headquarters in Frankfurt” this morning, according to a statement from prosecutors…
Food Shortages and Food Processing Plant Fires – What’s Going On?…
Though rarely reported by mainstream news, there have been an unusual number of significant fires in food processing facilities around the country this year and even going back into last year. The fires are starting to give rise to noteworthy chatter online, especially as the Biden administration—whose policies largely support the ‘great reset‘ agenda pushed by the World Economic Forum and the World Health Organization—warns us about food shortages…
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019. And Why Are American Taxpayers Bailing Out Foreign Banks?…
As long-term readers of Wall Street On Parade know well, we have regularly warned that the failure of Congress to meaningfully reform Wall Street by restoring the Glass-Steagall Act poses a national security threat to our nation in times of crisis…
UNBELIEVABLE!: Hey Virginia, Gov Youngkin Wants to Give You a Break by Suspending 26.2% Gas Tax. Senate Democrats Voted NO…
Just hours before the General Assembly reconvened its regular session Wednesday to act on the nearly 150 pieces of legislation that Gov. Glenn Youngkin either amended or vetoed, a Senate panel by a 12-3 vote killed a proposal that would have suspended Virginia’s gas tax for three months, dealing a major blow to a significant component in Youngkin’s plan to provide short term tax relief to Virginians struggling with climbing fuel prices…
They’re Paneling Paradise to Put Up Solar — a Lot…
The pathway to a green future involves taking millions of acres of pristine wilderness and turning them into fields of windmills and hot expanses of glistening panels…
5 Signs They Are Creating a Food Crisis…
It’s no secret that, according to politicians and the corporate press, “food shortages” and a “food supply crises” have been on the way for a while now. They have been regularly predicted for several years…
Biden’s Policies Are Directly to Blame for America’s Soaring Inflation…
Every month since President Biden has been in office, inflation continues to rise…
While JPMorgan Chase Was Getting Trillions of Dollars in Loans at Almost Zero Percent Interest from the Fed, It Was Charging Americans Hit by the Pandemic 17 Percent on Their Credit Cards…
Under just three of the emergency bailout programs offered by the Fed to Wall Street, units of the megabank JPMorgan Chase tapped over $6 trillion in cumulative (term-adjusted) loans from September 17, 2019 through the first quarter of 2020. That figure will definitely go higher as the Fed is releasing the names of the banks and the amounts they borrowed on a quarterly basis for its repo loan program…
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