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"When people fear the government, there is tyranny. When the government fears the people, there is more tyranny. Apologies to Thomas Jefferson!" -- Michael Rivero
Derivatives. Not much being said lately on them but a lot has been said on bank failures of as late. I do not understand why not, they are directly related. In math a derivative of a function is, in the most simple terms, “the rate of change of the function's output relative to its input value”. Easy enough, but in financial terms a derivative is “a type of financial contract whose value is dependent on an underlying asset, group of assets, or benchmark”. Again, that sounds simple enough, but there is far more to it than the textbook mentions. Yes, far more to it. Ostensibly, they are used to “hedge a position, speculate on the directional movement of an underlying asset, or give leverage to holdings…. It's important to remember that when companies hedge, they're not speculating on the price of the commodity. Instead, the hedge is merely a way for each party to manage risk.” As a matter of fact, the frantic meetings of financial masters on both sides of the Atlantic seem to be trying to keep the entire financial system from blowing out. The collapse of Credit Suisse along with the collapse of Silicon Valley Bank and First Republic Bank would blow out the entire derivatives financial bubble. And what a bubble that is, as the rate of change is most assuredly NOT relative to its input value.
A magnitude 6.5 earthquake rattled much of Afghanistan and Pakistan on Tuesday, sending panicked residents fleeing from their homes and frightening people even in remote villages.
Twelve people were injured in northwest Pakistan in the quake, which was centered in Afghanistan and also felt in bordering Tajikistan.
The tremors were so powerful that many people fled their homes and offices in Pakistan's capital of Islamabad, some reciting verses from the Quran, Islam's holy book.
The scene was repeated in Kabul and other parts of Afghanistan.
President Donald Trump released a new statement on former Manhattan D.A attorney Mark Pomerantz, who reportedly preparing to indict him on dubious charges relating to Stormy Daniel’s “hush payments” during the 2016 presidential election.
Trump torched Mark Pomerantz in a statement on Truth Social:
“The lead prosecutor for the corrupt Manhattan D.A.’s office worked as a lawyer for crooked Hillary Clinton and her law firm, left this Democrat firm with others to volunteer to ‘get Donald Trump’ at the D.A.’s office, for free,” Trump wrote.
“He quit in a huff when D.A. Bragg said there was no case here. He then unethically & illegally wrote & published a book about the case while it was going on. This is unheard of ‘stuff.’ The case is now completely compromised & reports are that Mark Pomerantz is in trouble,’ Trump added.
Trump lawyer Joe Tacopina told MSNBC how Pomerantz actively went after Trump, compromising the case against him.
A real estate company with ties to first son Hunter Biden received more than $100 million from a Russian billionaire for property investments across the US that date back a decade, sources have told The Post.
The hefty cash injections into Rosemont Realty came from Elena Baturina — one of Russia’s wealthiest women, the widow of the former mayor of Moscow, and a close ally of Moscow tyrant Vladimir Putin, the sources said.
In one portfolio deal, Baturina paid at least $40 million to Rosemont to invest in office buildings across the country, according to a source with knowledge of the transactions.
That money went toward the 2012 purchase of seven office buildings in Texas, Colorado, Alabama, New Mexico and Oklahoma, according to deal-related emails obtained by DailyMail.com.
St Louis DA Kim Gardner is in a world of hurt after she lost her appeal for refusing to turn over her communications with operatives of George Soros and others in her prosecution of former Gov Eric Greitens. A court has already found that she committed 62 acts of misconduct and 79 cases of misrepresentation in convicting Greitens of crimes he did not commit. He was later cleared and the extremely popular Greitens is now running for the US Senate from Missouri.
Gardner has been a disaster for St Louis. Last year there more murders in St Louis than at any time in the last 50 years. Gardner has refused to prosecute so many murderers that the Missouri legislature had to pass a law limiting the time she had to file murder charges to 90 days. After that, the state Attorney General takes over the case.
Gardner refused to prosecute cases of drug dealers and child molesters even when there was enough evidence to make them open and shut cases. Her excuse was that the police are racists and she refused to take cases from over 20 policemen at all.
It was a restless night for Donald Trump, who ripped into ex-porn star Stormy Daniels on Monday, claiming he’s a victim as a possible criminal indictment looms.
Trump launched the tirade on his social media platform Truth Social, saying he was the victim of a “Stormy ‘Horse Face’ Daniels extortion plot,” since alleging his impending arrest by Manhattan District Attorney Alvin Bragg over an alleged hush-money payment to the former adult film star before the 2016 election.
The ex-POTUS added he is being targeted by a series of “horrible radical left Democrat” investigations.
“Whether it’s the Mar-a-Lago raid, the Unselect Committee hoax, or the perfect Georgia phone call — it was absolutely perfect — or the Stormy ‘horse face’ Daniels extortion plot, they are all sick, and it’s fake news,” Trump said in a video shared on the platform Monday.
“Our enemies are desperate to stop us because they know that we are the only ones who can stop them and they know it very strongly,” he continued. “And they’re looking at the polls where not me, but we, are up by so much, they can’t even believe it.”
In a discrimination lawsuit filed Monday against Fox News and several of its executives, a former producer at the network said the "poisonous and entrenched patriarchy" at the network allows for the abuse of female staff.
Abby Grossberg said in her lawsuit that she witnessed hostile workplace behavior toward host Maria Bartiromo. Grossberg accused Fox executives of forcing her to spy on the host of "Sunday Morning Futures with Maria Bartiromo" and report back to executives about her behavior.
Grossberg said Fox executives called Bartiromo names behind the scenes. One producer, the suit says, called Bartiromo "crazy," "menopausal," and said she often became "hysterical," while another described her as a "diva."
Two U.S. Air Force F-22 Raptors landed at Clark Air Base in the Philippines last week in a move signaling increased defense efforts between the two countries.
During the exercise, U.S. pilots from the Alaska-based 525th Fighter Squadron joined aviators from the Philippine Air Force’s 5th Fighter Wing for low-altitude flyovers, air combat maneuvering, formation training, and, with help from a KC-135 Stratotanker, air-to-air refueling over the heavily contested South China Sea.
“This was the first time that F-22s, or any fifth-generation aircraft, have landed on and operated out of the Philippines,” Capt. Karl Schroeder, one of the Raptor pilots, said in a release. “This milestone with a regional ally aids in providing stability and security to the Indo-Pacific.”
The Biden administration has now begun releasing Chinese illegal aliens into the U.S., according to reports.
Fox News captured Border Patrol releasing Chinese nationals to an NGO in Brownsville, Texas on Tuesday.
“CBP sources say they are being released w NTAs (notices to appear) because there are so many crossing and no more space to house them,” reported Fox News correspondent Griff Jenkins.
A Ukrainian army commander has made a startling admission to an American media outlet that puts the country’s chances of actually prevailing in the war against Russia in perspective.
According to the Washington Post, this week’s report by a commander of a Ukrainian battalion said that “all” Ukrainian soldiers who have combat experience are “already dead or wounded.” This could put at risk the Zelensky regime’s planned “spring offensive” to reclaim Russian territory, the outlet reported, adding:
The quality of Ukraine’s military force, once considered a substantial advantage over Russia, has been degraded by a year of casualties that have taken many of the most experienced fighters off the battlefield, leading some Ukrainian officials to question Kyiv’s readiness to mount a much-anticipated spring offensive.
U.S. and European officials have estimated that as many as 120,000 Ukrainian soldiers have been killed or wounded since the start of Russia’s invasion early last year, compared with about 200,000 on the Russian side, which has a much larger military and roughly triple the population from which to draw conscripts. Ukraine keeps its running casualty numbers secret, even from its staunchest Western supporters.
The nineteenth “Twitter Files” installment has revealed that a Stanford University initiative routinely told social media companies to suppress posts containing “[t]rue content which might promote vaccine hesitancy.”
According to the latest installment of files posted to Twitter on Friday by journalist Matt Taibbi, The Virality Project, a Stanford University initiative launched in May 2020 that receives federal funding by the Department of Defense and the National Science Foundation, instructed Big Tech social media platforms such as Twitter and TikTok to take action against admittedly “true” posts regarding the experimental COVID-19 vaccines as part of its fight against “disinformation.”
In the internal communications posted by Taibbi, the Stanford-led project flagged “True content which might promote vaccine hesitancy,” including “stories of true vaccine side effects,” as content that needed to be combatted through censorship.
A woman from Cascade, Montana, recently admitted to charges stemming from illegally receiving over $125,000 in student aid, using a series of schemes involving fraudulent native American tribal information, and enrolling family members in online classes at multiple schools without their knowledge.
America First Legal, a non-profit law center that according to Influence Watch “aims to use litigation to oppose left-of-center policies”, announced some startling news on Twitter. They noted that due to their victorious Freedom of Information Act-related lawsuit against the National Archives, they finally got new documents “directly linking Joe Biden to Hunter’s profiteering in Ukraine” from the archives.
America First Legal had a rather lengthy Twitter thread on the subject. “Despite Joe Biden’s assertions that he had no involvement with Hunter’s appointment to Burisma, he signed off on the official statement in response to questions from reporters about whether Hunter’s position undermined the VP’s credibility in pushing anti-corruption measures,” they wrote showcasing a 2015 email exchange between a government official and Eric D. Schwerin, a Rosemont Seneca employee.
America First Legal noted that “Eric D. Schwerin, Hunter’s associate at Rosemont Seneca Advisors, LLC, corrected typos in Vice President Biden’s official statement.” The law center also revealed that “The VP’s office connected reporters (who were writing about Hunter’s appointment to Burisma) to Amos Hochstein, the ‘point’ person for International Energy Affairs at the U.S. Department of State, to provide a ‘unique and valuable perspective’ on the relationships in Ukraine.”
The leader of Indonesia says the country must reduce its dependence on foreign payment systems, to negate potentially disastrous economic consequences should the country ever find itself in the crosshairs of Western sanctions.
Addressing a business forum in Jakarta this week, President Joko Widodo argued that Indonesia must shield itself from geopolitical disruptions, citing the sanctions attack on Russia’s financial sector by the US, EU, and their allies over the conflict in Ukraine.
“Be very careful. We must remember the sanctions imposed by the US on Russia. Visa and Mastercard could be a problem,” Widodo said on Wednesday at a gathering that promoted the use of Indonesian-made products and services.
Former CDC Director Dr. Robert Redfield has warned that dangerous gain-of-function research will trigger the next pandemic and it will be “much more brutal” than anything that came before it.
Redfield issued the warning during Monday’s broadcast of Hill.TV’s “Rising.”
Some experts have predicted that the next pandemic will emerge from animal spillover, such as bird flu jumping to humans.
However, Redfield disagrees and says he believes that the next pandemic will come “from gain-of-function research or intentional bioterrorism.”
And that the next pandemic “will be much more brutal to the world than Covid was.”
China will officially join Iran to arm Russia, "if Kyiv does not accept the Chinese peace plan."
That is the information coming directly from the China delegation accompanying President Xi Jinping during his ongoing state visit to Russia.
Xi is expected to call Ukraine President Zelensky later this week; perhaps FROM MOSCOW during Xi's state visit!
Washington's response was like lightning: The Free World officially rejects China peace plan for Ukraine: "China's ceasefire initiative is an attempt to give Russia time to launch a new offensive." - The White House.
Prime Minister Netanyahu weighed in on the recent tensions in Jerusalem at the start of the weekly cabinet meeting on Sunday, emphasizing that Israel retains the right to “build in Jerusalem,” after the Biden administration criticized the impeding evictions of Palestinian families in East Jerusalem and Israeli construction in the West Bank.
“We emphatically reject the pressures not to build in Jerusalem. Unfortunately, these pressures have been increasing of late. I say even to our best friends: Jerusalem is the capital of Israel. Just as every people builds its capital and in its capital, so too do we reserve the right to build Jerusalem and in Jerusalem. This is what we have done and what we will continue to do,” he said, according to a statement from his office.
The cabinet meeting was held in Jerusalem’s City hall in honor of Jerusalem Day on Monday.
The Federal Reserve is expected to increase current interest rates by one-quarter of a percentage point. The Fed's forthcoming decision is raising questions as the banking crisis appears to be far from over, despite stabilization measures being taken by the US and Swiss governments.
The US federal takeover of Silicon Valley Bank and Signature Bank, and the Credit Suisse merger with UBS has not calmed markets so far, according to the Western press. Banks around the world reportedly face falling customer deposits and losses on holding securities.
Financial experts predict an economic slowdown and growing recession risks. Some say that the unfolding banking crisis is largely prompted by the Federal Reserve's aggressive interest rate hikes and project that the US central banking system may cut rates in September 2023 to avert recession. Others suggest that the banking crisis has long been in the making and is caused by the failure of an economic structure built upon artificially cheap money.