"Those who stand for nothing, fall for anything." -- Alexander Hamilton

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We've been pointing it out for so long - in fact, for most of our 15 years in existence - that it has become more of a chore than actual reporting, especially since the "number only go up", as it hits a new all time high virtually every day. We are talking, of course, about the exponential curve that is the US debt, arguably one of the most boring and at the same time, most exciting topics of all time (because one day the "number go up no more" and you want to be far, far away when that happens).

Perhaps the catchiest observation we made on the trajectory of US debt was last September when we first noted that it is rising by $1 trillion every three months, or every 100 or so days...

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, DICTATORSHIP, ECONOMY
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The United States Supreme Court is poised to hear a case on Tuesday concerning the Food and Drug Administration's (FDA) purported elimination of "critical safeguards for the use of chemical abortion drugs."

The Alliance Defending Freedom (ADF) is acting on behalf of four national medical associations, their members, and four physicians in a case against the FDA. The lawsuit alleges that the FDA has "unlawfully removed crucial safety standards for pregnant women who use the abortion drugs mifepristone and misoprostol."

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, POLITICS/ ELECTIONS/ CORRUPTION, SCIENCE/ HEALTH/ CLIMATE/ NATURE
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How the Fed is Juicing Stocks to Help the Biden Administration

Phoenix Capital Research's Photo
by Phoenix Capital Research
Wednesday, Mar 27, 2024 - 8:48

Yesterday, I detailed how the Fed is a political entity… and it leans left.

By quick way of review…

1) The Bernanke-led Fed launched QE 3 just three months before the 2012 Presidential election. At the time, the economy was growing, unemployment was falling, and there were no signs of systemic duress in the financial system. So this was a clear intervention to aid the Obama Administration’s 2012 re-election bid.

2) The Fed kept rates at zero for seven of the eight years President Obama was in office.  Once it finally got around to raising rates, it engaged in one of the feeblest hiking schedules in history, raising them only once in 2015

and once in 2016.

3) Donald Trump won the 2016 Presidential election in a major upset to the political establishment. At that point the Fed suddenly began raising rates three to four times per year while simultaneously draining $500 billion in liquidity from the financial system.

It is possible that the above items are all coincidence. It’s also possible that Bigfoot could actually be Elvis living in disguise in the woods.

So what is the Fed up to now?

It’s trying to help President Biden win the 2024 Presidential election by juicing the two asset classes that have the largest impact on Americans’ net worth (stocks and housing ).

Today we’ll be assessing the stock market. 

The Fed is supposed to be draining liquidity from the financial system via its Quantitive Tightening (QT) program. However, the Fed is ALSO providing $155 BILLION in liquidity via its overnight credit facilities. To put that into perspective, it’s more liquidity than the Fed was providing via this facility in MARCH 2009 right after the worst financial crisis in 80 years!

As if that’s not egregious enough, the Fed is ALSO providing nearly $500 billion in liquidity via a process called Reverse Repurchase Agreements. 

Small wonder then that the stock market has been roaring higher. The Fed is providing EMERGENCY levels of liquidity to the financial system at a time when the economy is growing! So much for QT!

In the very simplest of terms, the Fed is juicing stocks higher to boost the Biden Administration’s 2024 re-election bid.

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, ECONOMY, POLITICS/ ELECTIONS/ CORRUPTION
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Authored by GoldFix ZH Edit

Image removed.

The BW 3 Process likely involves some combination of the following 2 scenarios:

Scenario 1: The decision to monetize gold on a global basis has already been made.

Every nation that’s in a position to, and every institution with a stake in the future of finance is setting the table for a big coming out party for some sort of official announcement. (pics)

They’re all doing it in different ways suitable to their culture, regulatory environment or business model. But everyone’s doing it. (pics)

The announcement will come after everyone’s in place. And it will probably rock the world if not the price of gold.

The second scenario is less exciting but equally possible:

The brics have an announcement of some sort coming out, and when that announcement comes out, it creates a whole new market for financial companies to participate in.

Banks are creating “new product” to accommodate new demand in the reopened market. (pics)

To the extent the west does not join in this , they will be missing out on a “new product“ to sell its own customers.

Major western banks have already joined this. Their governments will follow passively if not publicly.

(HSBC left comex recently while JPM increased its footprint in GLD while it drains. Don’t be surprised if JPM has a product soon too)

In this scenario, there is no “big announcement” that the west joins. Merely a quiet adoption of the new rules and serial releases of new products to accommodate growing unlocked demand.

Some variation of the 2 above scenarios is happening.

To continue:

Governance and application will be along ideological and cultural business lines for each region.

The playbook for gold in the west will be similar to the playbook for bitcoin becoming a spot ETF here.

(They had to get btc under control before this global gold thing started)

That is: make sure the public does not view it as a monetary replacement for the dollar. Do not label Gold or silver as money. Market them as a TiPS alternative, or tie them to TiPs bonds somehow.

Then they can encourage demand as long as they can control most of the flows into it as an asset class with qualities that hedge the dollar.

(products like Gold bonds, tokens, etc etc )

That’s what’s happening to gold in the western public. Consistent with the ideology (Keynesian fiat overall) and business practices. Gold-flows out of the country will be inhibited/controlled by products created by banks.

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, DICTATORSHIP, ECONOMY
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Authored by GoldFix ZH Edit

Image removed.

The BW 3 Process likely involves some combination of the following 2 scenarios:

Scenario 1: The decision to monetize gold on a global basis has already been made.

Every nation that’s in a position to, and every institution with a stake in the future of finance is setting the table for a big coming out party for some sort of official announcement. (pics)

They’re all doing it in different ways suitable to their culture, regulatory environment or business model. But everyone’s doing it. (pics)

The announcement will come after everyone’s in place. And it will probably rock the world if not the price of gold.

The second scenario is less exciting but equally possible:

The brics have an announcement of some sort coming out, and when that announcement comes out, it creates a whole new market for financial companies to participate in.

Banks are creating “new product” to accommodate new demand in the reopened market. (pics)

To the extent the west does not join in this , they will be missing out on a “new product“ to sell its own customers.

Major western banks have already joined this. Their governments will follow passively if not publicly.

(HSBC left comex recently while JPM increased its footprint in GLD while it drains. Don’t be surprised if JPM has a product soon too)

In this scenario, there is no “big announcement” that the west joins. Merely a quiet adoption of the new rules and serial releases of new products to accommodate growing unlocked demand.

Some variation of the 2 above scenarios is happening.

To continue:

Governance and application will be along ideological and cultural business lines for each region.

The playbook for gold in the west will be similar to the playbook for bitcoin becoming a spot ETF here.

(They had to get btc under control before this global gold thing started)

That is: make sure the public does not view it as a monetary replacement for the dollar. Do not label Gold or silver as money. Market them as a TiPS alternative, or tie them to TiPs bonds somehow.

Then they can encourage demand as long as they can control most of the flows into it as an asset class with qualities that hedge the dollar.

(products like Gold bonds, tokens, etc etc )

That’s what’s happening to gold in the western public. Consistent with the ideology (Keynesian fiat overall) and business practices. Gold-flows out of the country will be inhibited/controlled by products created by banks.

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, DICTATORSHIP, ECONOMY
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Comedian Jon Stewart ranted this week that Donald Trump’s civil real-estate case overvaluing his properties was “not victimless,” yet when it came to his own home, Stewart benefited from a similar inflation.

On Monday night, Stewart, 61, unpacked Trump’s $454 million appeal bond, calling out experts framing the former president’s New York civil case as not causing direct harm to any individual.

“The Daily Show” host rolled a clip of CNN’s Laura Coates interviewing “Shark Tank” star Kevin O’Leary, who commented that the ruling didn’t “go over well” with the real estate industry that was now fretting over the possibility of becoming the next target.

Tags: CURRENT EVENTS, POLITICS/ ELECTIONS/ CORRUPTION
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Joe Biden’s “old man” testimony before the special counsel in his classified records case is getting more attention. U.S. House Republicans want all the details of what Biden told the special counsel who declined to prosecute the president.

The problem is that Republicans on key committees in the House can’t get access to the records. The Department of Justice (DOJ) officials are once again stonewalling the release of detailed information in an effort to protect their leftist dear leader, Biden.

GOP leaders haven’t given up the task of exposing the whole truth about what Biden told the special counsel. They want all the records and they set a timeline for the head of the DOJ to deliver.

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, POLITICS/ ELECTIONS/ CORRUPTION, WHITE HOUSE
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Microsoft urges developers not to create female characters with “exaggerated body proportions” on their official site to support game devs.

The site, titled “Product Inclusion Action: Help Customers Feel Seen” includes a bullet list of considerations they urge developers to make when working on their product. One Twitter user pointed out the language expressly condemning certain female characters as reinforcing “negative gender stereotypes”.

Tags: CURRENT EVENTS
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Subaru has now recalled approximately 118,723 vehicles over a sensor issue that may cause a short circuit, preventing the front passenger airbag from deploying in a car crash. 

According to the Subaru recall, which was sent to the National Highway Traffic Safety Administration (NHTSA), an airbag malfunction can increase the chance of a passenger suffering severe injuries or death during an accident.

The recall includes 2020–2022 Outback and legacy models. However, no injuries have been reported yet related to the reported airbag issue. 

The affected models have a sensor that detects when someone is sitting in the passenger seat, which is connected to the vehicle’s Occupant Detection System (ODS). 

Tags: CONSUMER RIGHTS / PRODUCT REPORTS
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A New York court has found former Honduran president Juan Orlando Hernández guilty of drug trafficking and weapons possession. It’s a huge verdict that will likely see the former president imprisoned for life.

In the last episode of Under The Shadow, host Michael Fox looked deeply at Hernández’s time as president from 2014 to 2022, which many came to call a narco-dictatorship. He won office in a fraudulent election, consolidated unprecedented power, pushed a neoliberal sell-off, and carried out widespread human rights abuses. 

In this Update 3, Fox looks at the New York trial that convicted him. What went down, what it meant, and what it means going forward for Honduras. And most important, what was missing — namely the role of the United States and Canada in propping up the Hernández regime.

Tags: POLITICS/ ELECTIONS/ CORRUPTION, WHITE HOUSE
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Six people are missing and presumed dead after a 984-foot cargo ship hit the Francis Scott Key Bridge in Baltimore, causing the bridge’s collapse early Tuesday morning. All six have been identified as immigrant construction workers originally hailing from Mexico, Guatemala, El Salvador and Honduras. Maryland Governor Wes Moore said the crew on the ship was able to issue an emergency mayday call before colliding with the bridge, which allowed authorities to stop incoming traffic and prevent more casualties. However, reports say the workers already on the bridge were not given similar warnings. “The question we should be asking about is why the folks on that bridge … had no direct line to emergency dispatch when they are clearly working in a potentially hazardous environment,” says journalist Maximillian Alvarez, the editor-in-chief of the Baltimore-based organization The Real News Network, who has been closely following the story and how it has affected immigrant and working-class communities.

Tags: CURRENT EVENTS, IMMIGRATION/GLOBALISM
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In the past few months, the media sector in the United States has gone through one of its worst rounds of layoffs in decades, with some voices within the sector even asking if journalism is a viable career path despite surging subscriptions at publications like The New York Times.

Most recently, outlets like Vice and the sports blog Deadspin were decimated in a massive round of job cuts. Vice ended its online publication, and Deadspin laid off its entire editorial team.

Tags: CORPORATE MEDIA, ECONOMY
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President Joe Biden’s impeachment inquiry might not bear fruit following revelation in an email fundraiser sent by House Oversight Committee Chairman James Comer (R-KY).

According to reports on Fox News, the GOP lawmaker told voters that it’s clear that congressional Democrats will block any attempt at impeaching the president.

“I’ve presented mountains of evidence confirming Joe Biden’s involvement in his family’s influence peddling scheme, and I just had a group of the Biden family’s business confidants publicly testify about the first family’s criminal activity,” Comer wrote in the email. “At any other time in history, that would have been the final nail in the coffin of the Biden Crime Family’s reign of corruption. But we are not in a normal time in history… As it stands right now, the deranged Democrats are refusing to take up the Impeachment Trial of Alejandro Mayorkas and threatening to dismiss it within minutes when it finally is brought up. Even ‘centrist’ Democrats called the Mayorkas Impeachment Trial ‘ridiculous’ just days after a criminal illegal brutally murdered Laken Riley in cold blood.”

Webmaster addition: 

Tags: IMPEACHMENT, POLITICS/ ELECTIONS/ CORRUPTION, WHITE HOUSE
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White House Press Secretary Karine Jean-Pierre got so upset by a couple of questions she was asked about President Joe Biden during a phone interview on Monday that she hung up the phone.

During the interview with Charlotte’s WBT News Director Mark Garrison, the issue of Biden’s mental fitness for office was brought up and Jean-Pierre was asked about it as well as the economic inflation Americans have been saddled with.

Garrison asked, “When I told a number of people that I was talking to you today, it was interesting, though, they all said, ‘would you please just ask her, does the president have dementia?’ So before I move on from that, does he?”

Tags: WHITE HOUSE
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Progressive US congresswoman Alexandria Ocasio-Cortez called the Israeli military campaign in Gaza an “unfolding genocide” in a scathing speech that demanded the Joe Biden White House suspend aid to Israel’s armed forces.

“As we speak, in this moment, 1.1 million innocents in Gaza are at famine’s door,” Ocasio-Cortez said in a speech on the House floor on Friday.

Citing 30,000 Palestinian deaths in Gaza and noting 70% were women and children, she continued: “A famine … is being intentionally precipitated through the blocking of food and global humanitarian assistance by leaders in the Israeli government. This is a mass starvation of people, engineered and orchestrated.

“This was all accomplished – much of this was accomplished – with US resources and weapons. If you want to know what an unfolding genocide looks like, open your eyes.”

Tags: ISRAEL, PALESTINE, TORTURE/ WAR CRIMES, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
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For most militants affiliated with ISIS-K, true north is the path to martyrdom, a one-way ticket to paradise. Their goal is to inflict as much harm as possible before being dispatched from this mortal earth, an act that is usually made certain using a suicide vest detonated at a time when more death and destruction can be wrought.

The perpetrators of the Crocus City Hall attack, however, did not wear suicide vests. Indeed, they had no intention of losing their lives, but rather to live and be able to enjoy the fruits of their labor, a purported $5,500 payment for services rendered.

These weren’t Islamist militants.

These were mercenaries who disguised themselves as Islamic militants.

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS
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The conservative watchdog group, Judicial Watch, in conjunction with the Daily Caller News Foundation, has appealed to the Delaware Supreme Court to reopen their case demanding the release of President Biden's Senate records.

This move comes in the wake of revelations by Special Counsel Robert Hur that the University of Delaware may have misled the courts.

The University of Delaware has consistently refused to release Biden's records, stating that they will remain sealed until two years after Biden's retirement from public life. "The collection of former Vice President Biden's senatorial papers is still being processed, with many items yet to be cataloged," a school spokeswoman explained via email. "The entire collection will remain closed to the public until two years after Mr. Biden retires from public life."

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, POLITICS/ ELECTIONS/ CORRUPTION, WHITE HOUSE
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Webmaster addition: I am still undecided on this issue of the Baltimore Bridge disaster being a terror attack. On one hand, it is suspicious the way Biden just weighed in and said the government will rebuild the bridge, thereby heading off any investigations by insurance companies. And there is no question that such a terror attack makes the government look bad, both for security reasons and open immigration.

But if it was a terror attack, why has nobody taken credit for it?

Tags: CURRENT EVENTS
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Warren Buffett echoed Charlie Munger’s criticism in his annual letter, that the stock market has become increasingly “casino-like.” Buffett believes too many investors act as speculators rather than long-term investors focused on company fundamentals. The ease of online trading apps has made buying and selling stocks more akin to gambling, in Buffett’s view. He warned young investors …

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The use of depleted uranium munitions in Ukraine is dangerous and unacceptable, Serbian Health Minister Danica Grujicic said in an interview with Sputnik.

"When I was in Russia, I called in all media [interviews] media which I made, I don't know if they can be seen in Ukraine, for the Kiev leadership not to allow the use of these shells. People still have to live on this territory later, and it will be heavily polluted. Who will buy grain, wheat from there, any agricultural products? Both Ukrainian and Russian people will suffer for generations to come," the minister said.

Russian and Serbian medics will cooperate in several areas, including oncology, nuclear medicine, primary health care providers, as well as training for young specialists, Grujicic added.

Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, SCIENCE/ HEALTH/ CLIMATE/ NATURE, WAR/DRAFT/ VETERAN AFFAIRS
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US President Joe Biden has disparaged his Russian counterpart Vladimir Putin for the second time in two months, publicly calling him a “butcher” in connection with the Ukraine conflict.

Biden made the jab while speaking at a campaign event in Raleigh, North Carolina, on Tuesday. He also advocated raising the average federal tax for America’s wealthiest from 8.2% to 25%, arguing that this would allow Washington to raise $400 billion over the next ten years.

“Imagine what we could do with that. We could fundamentally slash the federal deficit…  We could do so many things – consequential – including finally making sure that we take care of Ukraine from that butcher Putin,” he said.

Biden also lashed out at the Russian president in late February, calling him a “crazy S.O.B.” He mentioned Putin while saying that the West must be wary of a nuclear conflict, but should pay even more attention to the danger posed by climate change.

Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, WHITE HOUSE
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Some Supermarkets in the U.S. Midwest are telling customers "CASH ONLY" as something has gone wrong with credit card processing.  VISA is showing outages reported by Downdetector.

Reports are starting to roll in about some type of credit card outage.   Readers/Listeners from the Midwest have reported that KROGER Supermarkets near them are telling customers "CASH ONLY."

The "DownDetector" map at top, shows outage reports coming in, regarding VISA, in many areas of the USA.

Webmaster addition:  This is a practical reason to refuse a cashless society. The computers break down or they are hacked.

Tags: COMPUTERS/INTERNET, ECONOMY
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Sources in the US government are angry with French President Emmanuel Macron, after his suggestion that preventing a Russian victory in the Ukraine conflict could require a NATO military force, Bloomberg has reported.

A senior US official has told the outlet that some in Washington believe Macron might trigger a clash with Moscow. The French leader’s justification for his statement has been criticized by allies behind closed doors, according to a report on Wednesday.

After hosting a pro-Kiev gathering in Paris in late February, Macron said that NATO members “cannot exclude anything,” including having boots on the ground, and predicted that a shift in favor of that option could come in the future. He later argued that the Russian government should be kept guessing about the extent of Western backing for Kiev. In internal NATO discussions, some people have argued that he achieved the opposite, Bloomberg was told.

Tags: FRANCE, NATO, RUSSIA/ UKRAINE /BELARUS /CRIMEA, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE
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