ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing…
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THREAD: Blackrock, Worlds Largest Asset Manager, Is Buying Every Single Family House They Can Find…
Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying…
Massive Inflation Continues, Real Wage Rates Declining, Middle Class Getting Squeezed Harder, Unleaded Gasoline Up 58%…
We noted last month the inflation issues were not going to get better and indeed they are getting worse. The Bureau of Labor Statistics (BLS) has released the latest inflation data, and the rate of inflation continues to increase at an alarming rate; now at 5% year over year for all items…
There Is Not One Elected Official at the Federal Reserve, But It Has Been Unilaterally Rewriting the Rules on Wall Street Since 2007…
The Federal Reserve will release the results of its stress tests of the mega banks on Wall Street on June 24. That exercise is nothing more than a shell game to mislead Congress and the public into believing that actual due diligence is being done by the Fed on these massive federally insured banks with their inhouse trading casinos…
Justice Department Opens Probe into Potential Bank Cartel That Financed Archegos…
Last evening, Bloomberg News, followed by the Wall Street Journal, reported that the U.S. Department of Justice has opened a probe into the late March collapse of the Archegos family office hedge fund…
Biden Administration Will Import Metals and Close U.S. Mines To Appease Environmental Wing of Party…
Every economic policy of the JoeBama administration benefits other nations at the cost of the U.S. middle class. If you look at the Biden policy from a position of America’s interests they get everything wrong. However, if you look at Biden economic policy from a goal to weaken the U.S. and benefit other nations, they get everything right…
PROFITEERS: COVID Vaccines Minted at Least Nine New Pharma Billionaires…
Nine executives from Moderna, BioNTech, ROVI and CanSino Biologics have all become billionaires throughout the pandemic…Together they are now worth $19.3 billion – a combined net wealth greater than what it would cost to vaccinate the world’s poorest nations…
Lobbyist for Foreign Elites Behind Russian Pipeline Pumped Cash into JoeBama Campaign…
Biden lifted sanctions for Russia’s Nord Stream 2 despite shutting down U.S. pipeline…
Judge Blocks Biden Administration from Doling Out Grants Based on Race, Gender…
A federal judge in Texas this week blocked the Biden administration from prioritizing grants in a COVID-19 restaurant relief program by their race or gender…
After Being Declared ‘Dead’ For the 414th Time, Crypto Markets Are Roaring Back…
The ripples created by the cryptocurrency market crash which saw $1.1 trillion eviscerate from the global market cap in a matter of days continued to reverberate on Wednesday, as a majority of coins experienced notable rebounds…
AT&T CEO Admits Deal to Buy Time Warner Was a Bad Decision Costing Shareholders Billions…
AT&T CEO John Stankey said he is ‘sad and disappointed’ it didn’t work out…On Monday, AT&T announced that it was spinning off all of the WarnerMedia assets it acquired in the deal…Now, AT&T is worth $39billion less than it was in 2016 – when it announced the Time Warner bid – and $65billion less than it did in 2019 – after the deal was done…
East Coast Fuel Supplies Could Take Two WEEKS to Return to Normal Say Experts: Pipeline Begins Slow Restart After Hack…
Colonial Pipeline has begun a system restart that will take several days to restore normal operations…Key fuel pipeline was taken offline last week by ransomware attack from Russia-linked hackers…On Thursday morning, half of all gas stations in DC, Florida, Georgia, Virginia and South Carolina were dry…
Data Shows Massive Inflation Starting to Bite Middle-Class Hard, Unleaded Regular Gasoline Up 52 Percent, Fresh Fruits and Vegetables Rising Fast…
As expected the high-turn consumable goods are starting to rise in price rapidly. The Bureau of Labor and Statistics (BLS) has released the consumer price analysis from April (remember there’s a big lag)…
Big-Tech Bloodbath Continues After Biggest Sell-Program in History…
After yesterday’s ugliness in big-tech and small-caps, many hoped for a bounce today. But the combination of ARKK gamma and CTA deleveraging meant the pain was not over and both Nasdaq and Russell 2000 plunged into the cash market open (after getting hit as the Asia open and European open)…
It’s Only Been 4 Months: JoeBama Shuts Down Keystone Pipeline, Gas Prices Are Highest in 6 Years, Gas Stations Are Out of Gas, and Now Gas Lines Seen in Several States…
On Joe Biden’s first day in office, he shut down construction of the Keystone Pipeline. Canceling the Keystone Pipeline costs over 11,000 construction jobs and 42,100 jobs throughout the US during the construction process…
Why No One Needs to Work in Biden’s America: Experts Project Anyone Who Earned $32,000 Before Covid Could Now Earn MORE in Benefits Staying at Home…
The average weekly unemployment benefit is now $638 – $300 more than what it was 2019…That means people are earning around $16-an-hour – more than double minimum wage which is at least $7.25 across America…It is creating a nightmare scenario for the economy; businesses are desperate to recover from the pandemic but they can’t fill their jobs…
Shhh! Don’t Tell Congress that the Cabal It’s Investigating Over GameStop and Archegos Quietly Got SEC Approval to Jointly Run their Own Stock Exchange…
The implosion of the Archegos Capital Management family office hedge fund in March, which has generated losses of more than $10 billion thus far at global systemically important banks, will likely be a key topic when the Senate Banking and House Financial Services Committees haul Wall Street bank CEOs to hearings on May 26 and 27, respectively…
THREAD: JoeBama’s Long List of Tax Increases…
President @JoeBiden is out this morning with a monster list of tax increases. Here they are in a thread for your convenience. 1/…
Liquidity Tsunami Ends With a Bang: Treasury Expects Just $100BN in Cash Injections Next 2 Months…
Three months ago, the Treasury surprised markets when in its quarterly borrowing forecast, it revealed that in the first calendar quarter of 2021, it wouldn’t need to borrow as much debt as it had recently because the Treasury’s cash balance (held in the Treasury General Account, or TGA, which is simply the Treasury’s cash balance held at the Fed) would plunge to just $800 billion, down a record $929BN from $1.729 trillion at Dec 31, 2020…
Federal Reserve Will Support JoeBama Economic Agenda by Allowing Rapid Inflation, Diminished U.S. Worker Purchasing Power and Pain Upon Middle Class…
The federal reserve has announced they will support the economic agenda of the Biden administration by allowing rapid inflation. The FED is trying to provide cover for JoeBama’s economic plan. The era when the FED could impact inflation is long past. However, the Joe Biden policy impact will be clear, immediate and concise. The U.S. middle-class and blue-collar worker are about to be crushed under rising prices for consumable products…
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