Category: Finance

Via SchiffGold.com, The “transitory inflation” narrative has completely broken down. And now Twitter and Square CEO Jack Dorsey has warned us. Hyperinflation is coming. Hyperinflation is going to change everything. It’s happening. — jack️ (@jack) October 23, 2021 Responding to comments, Jack tweeted “It will happen in the US soon, and so the world.” It’s… Continue reading Peter Schiff On Twitter CEO Jack Dorsey’s Hyperinflation Warning

Update (1610ET): Well that escalated quickly… After puking from $61k to $58, Bitcoin has soared back to the highs of the day above $62,000… The flash-crash appears to have been an orchestrated stop-run… And Ethereum has extended its gains, testing up to $4300… A key resistance level… The move higher was perhaps helped by MicroStrategy… Continue reading Bitcoin Soars Back Above $62k After Big Flash-Crash, Ether Hits $4300

The last 24 hours have seen some truly remarkable fireworks in the world of bonds, and especially in the short-term rates space, where as we reported yesterday first Canadian, then Australian 2Y yields exploded higher, as the two central banks turned surprisingly hawkish, prompting a violent selloff. Commenting on these violent moves, Nomura’s Charlie McElligott… Continue reading 96 Billion Reasons Why The Treasury VaR Shock Is About To Get Worse

Authored by Simon Veazey via The Epoch Times, French authorities have detained a British trawler for fishing in their territorial waters without a licence, amid an ongoing tussle for post-Brexit fishing rights. The detention of the vessel came on the day that French authorities announced further retaliatory measures over Britain’s refusal to license more French trawlers to fish in… Continue reading France Detains British Trawler Amid Fishing Rights Dispute

Ahead of today’s sale of $62BN in 7Y paper, we tweeted that unlike this week’s previous absolutely stellar 2Y and 5Y auction which were only superb because traders were short cash bonds heading into the auction and needed paper to satisfy their short obligations, today’s auction was not at all special in repo suggesting the… Continue reading Poor 7Y Auction Sends Yields To Session Highs

During a heated Senate Judiciary Committee hearing on Wednesday, Sen. Tom Cotton (R-AK) ripped Attorney General Merrick Garland a new one – slamming him over his use of a memo from the National School Boards Association to justify ‘weaponizing‘ the FBI to “facilitate the discussion of strategies for addressing threats against school administrators, board members,… Continue reading “Thank God You’re Not On The Supreme Court”: Tom Cotton Eviscerates Garland Over DOJ Memo

A new poll from the Center for Politics at the University of Virginia reveals that 52% of Trump voters and 41% of Biden voters ‘at least somewhat agree’ that red and blue states should secede from the union, splitting the country. Via Mediaite: The idea that the nation’s political divide has become so toxic that… Continue reading Most Trump Supporters Agree It’s ‘Time To Split The Country’: Poll

Update (2000ET): This is going to take some serious cognitive dissonance – the most pro-choice of Supreme Court Justices just refused to block NYC’s teachers’ vaccine mandate that stands in direct contradiction of the ‘my body, my choice’ doctrine when it comes to medical intervention. Supreme Court Justice Sonia Sotomayor – who is responsible for emergency matters… Continue reading Liberal Justice Sotomayor Rejects NYC Teachers’ Pro-Choice Vaccine Plea

Former Secretary of State and CIA Director Mike Pompeo has responded to a recent Yahoo News investigation detailing Trump Administration plans to kidnap or kill Wikileaks founder Julian Assange that he makes “no apologies” for whatever measure his agency planned to take to safeguard “sensitive information” – covered in the latest Ron Paul Liberty Report. Pompeo in… Continue reading Pompeo: “No Apologies” For Alleged Plan To Kill Assange

Authored by Michael Snyder via The Economic Collapse blog, An endless tsunami of illegal drugs is turning the streets of our major cities into desolate wastelands, and yet our politicians seem powerless to do anything about it.  In fact, in some of our biggest cities the politicians actually don’t seem interested in doing anything about… Continue reading The Streets Of Major US Cities Are Being Flooded With Far More Drugs Than Ever Before