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Latest Articles: Business/Finance
U.S. Mint Loses $171 Million Minting Coins
Post Date: 2023-05-06 21:51:20 by BTP Holdings
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U.S. Mint Loses $171 Million Minting Coins It now costs more than 2.5 cents to make a penny, and more than 10 cents to make a nickel... By Wire Editor May 5, 2023 Coins cast a reflection. / PHOTO: donjd2 (CC) (By Adam Andrzejewski, RealClear Wire) Rising raw material prices are hitting the United States Mint hard. It now costs more than 2.5 cents to make a penny, and more than 10 cents to make a nickel, resulting in a net loss of $171 million to mint these coins in 2022, according to the Washington Times. In addition to pennies and nickels, the cost of dimes and quarters have also gone up, but they still cost less to make than their value. The U.S. Mint admitted, “The average ...
Days After Biden Makes Biggest Socialist Move Yet – Over Half of the States Shut Him Down
Post Date: 2023-05-03 19:31:58 by BTP Holdings
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Days After Biden Makes Biggest Socialist Move Yet – Over Half of the States Shut Him Down by Kit Fargo Biden keeps suggesting he is a “moderate” Democrat. Yet, from the moment he entered office, he has pushed a far-left, socialist agenda. He’s been spending our tax dollars like there’s no tomorrow. His every decision (if he is really the one making decisions) has punished hard-working Americans and rewarded outsiders and people unwilling to work. But his latest move was the most shocking yet. Biden’s Federal Housing Agency is pushing a new rule that would hurt every homeowner doing the right thing. It would increase their mortgage payments to bail out folks ...
Exxon Smashes Expectations, Reports Strongest Ever Q1 Results
Post Date: 2023-04-28 09:23:29 by Esso
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And the hits for the company that makes "more money than god" just keep on coming, while the White House looks on with impotent fury. Exxon Mobil, our favorite stock since 2020 when it briefly traded below $40, posted its strongest-ever first quarter as oil production soared from new wells in the US and off the coast of South America. Net income more than doubled from a year earlier to $11.4 billion ($11.6bn ex items), the highest Q1 profit in the oil giant’s 140-year history, which is remarkable since oil prices tumbled during Q1. Adjusted EPS of $2.83 a share blew away the consensus estimate of $2.63; this even as total revenue of $86.56 billion (which beat expectations ...
The Courage of Tucker Carlson
Post Date: 2023-04-25 09:07:43 by Ada
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Tucker Carlson anchored the most interesting and important news show on television. Tucker Carlson is out at Fox News, and his enemies are aflutter with media-industry schadenfreude. Contrary to their self-image, most media types—including in right-wing journalism—are highly risk-averse and deferential in the extreme to the imperatives of power. So they can’t help crowing “Aha! Aha!” when a genuinely defiant and independent-minded figure among them appears to stumble. Such a figure is Carlson. Beginning in 2016, he anchored the most interesting and important news show on television. He soon emerged as a tribune for populist opponents of endless war and Big ...
Coinbase, Biggest Stock Performer YTD, Says They’re Going to Leave the US Because Biden is Smelling Their Hair
Post Date: 2023-04-19 09:53:44 by Ada
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Coinbase is the single best performing large cap stock YTD 2023. They’re beating Nvidia, Facebook, Spotify, and Tesla. Click for Full Text!
What If the Dollar Falls?
Post Date: 2023-04-16 07:18:21 by Ada
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If the dollar does lose its position as the global reserve currency, it will be catastrophic for the American economy. The past few weeks, major countries have been moving away from the US dollar, raising doubts about the dollar’s long-dominant role in the world. Eight weeks ago, it was just pariah nations like Iran or Russia trying to de-dollarize. Now it’s Brazil, France, even Saudi Arabia—the lynchpin of the decades-long “petrodollar” arrangement. If the dollar does lose its position as the global reserve currency, it will be catastrophic for the American economy. Catastrophic for the American people on whose backs 80 years of reserve status were built. And it ...
Market Risk, Financial Risk, and the Downfall of the Dollar
Post Date: 2023-04-08 10:41:08 by Ada
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“Sneaky and underhanded, the Federal Reserve has been sucking the life blood out of the United States since 1913. Like a black widow spider, it weaves a web of corruption and deceit. Unknown to its prey, the FED’s bite is poisonous, deep, long-lasting and brings financial upheaval and misery to Americans.” ~ Jim McCarthy, The Money Spiders, the Ruin-NATION of the United States by the Federal Reserve As difficult as it may be to imagine, the above quote is actually understated. The Federal Reserve, and fractional reserve banking, (now zero reserve banking) are the tools of the most evil and prolific tyrants. Control by the few of the ‘money’ and monetary system, ...
US Will Threaten Europe To Implement Sanctions on Russia
Post Date: 2023-04-08 07:54:10 by Ada
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Two officials from the Treasury Department will visit European allies to demand trade with Russia ends The White House plans to send a clear message to its European partners in the economic war against Russia, "you are either with us or against us." Two US Treasury officials will visit European and Central Asian partners next month to demand all sanctions on Russia be implemented. Treasury officials Liz Rosenberg and Brian Nelson will meet with leaders of financial institutions in Switzerland, Italy and Germany. The AP reports the officials will have a simple message, "1. Continue to provide Moscow with material support or 2. Keep doing business with countries that ...
Why the Dollar-Based International System Is Breaking Up
Post Date: 2023-03-30 07:47:45 by Ada
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The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets. This frightens depositors and they withdraw their deposits. Depositors also are withdrawing their money because they can get much higher interest rates on safe US Treasuries. According to some reports, $1 trillion has already been withdrawn from US banks. Bloomberg is reporting rumors that Schwab’s $7 Trillion empire based on low rates is cracking from bond losses. In the face of this vulnerability of the financial system, the Federal Reserve raised interest rates further. There is also the problem of the currency and interest rate ...
White House worried over Janet Yellen’s fumbling of US bank crisis: sources
Post Date: 2023-03-26 09:41:47 by Ada
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Janet Yellen is once again on thin ice inside the Biden Administration over her bungling of the banking crisis that keeps roiling markets, The Post has learned. The question is when will Sleepy Joe & Co. finally act? They need to put Yellen out of her misery and end ours by handing her job to someone who knows how to deal with the very real possibility of banks failing on a scale not seen since the 2008 financial crisis and a possible deep recession. As we have reported, the political types in the White House — the people that craft messaging and give input on cabinet choices — have been increasingly wary of Yellen’s ability to do the job despite her expansive resume ...
Incompetent Federal Reserve Goofs Again
Post Date: 2023-03-24 08:38:28 by Ada
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The Federal Reserve decided it had not wiped out enough banks and again raised interest rates, thereby pushing more banks toward insolvency. The goofs think, or pretend to think, that too many Americans are working, making and spending too much money, and causing inflation despite the obvious fact that the rise in prices is due to the lockdowns and sanctions which busted up supply chains and reduced supply. The quickest and surest way to reduce prices is to remove the sanctions and repair the Nord Stream pipelines. Putting people out of work by pushing the economy toward recession reduces supply and will add to price pressures. As Michael Hudson and I have made clear, higher interest ...
SVB + FTX + SBF = WTF?
Post Date: 2023-03-20 10:08:09 by Ada
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“Deny, deflect, minimise & mock your enemies questions. Don’t engage them in good faith, they’re attacking you with a view to undermining you. Don’t fall for it. Don’t give them an inch.” — Aimee Terese on Twitter The net effect of all the lying propaganda laid on the public by the people running things lo these many recent years is a peculiar inertia that makes us seemingly impervious to gross political shocks. Momentous things happen and almost instantly get swallowed up by time, as by some voracious cosmic amoeba that thrives on human malignancy. Case in point: the multiple suicide of several giant banks just days ago that prompted “Joe ...
The Federal Reserve Is the Root Cause of the Banking Crisis
Post Date: 2023-03-17 11:05:13 by Ada
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The Justice Department has announced it is investigating the banking crisis. It will undoubtedly charge that banking officials are responsible for the crisis. One thing is for sure: It will not indict the Federal Reserve System, which is the root cause of the crisis. In fact, in its search for scapegoats, it will not even acknowledge the Fed’s role in the crisis. That’s because the Fed plays a sacrosanct role in America’s welfare-warfare state, and every federal official knows that. Of course, this is not a new phenomenon. Back in the 1930s, the last thing government officials were going to do is admit that the Federal Reserve was the root cause of the 1929 stock-market ...
Money Troubles
Post Date: 2023-03-15 09:59:51 by Ada
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“As for the evil: It lurks in the interstices of our bureaucratic institutions, which, as they have grown in size and complexity since the nineteenth century, behave in ways that are increasingly impossible to understand and contrary to human flourishing.” — Eugyppius on Substack Money is all theoretical… until it’s not. Paper money is bad enough, as France learned under the tutelage of the rascal John Law in the early 1700s. The nation was broke, exhausted by foolish wars, and heaped under unbearable debt. Monsieur Law, a Scottish genius-wizard (the Jerry Lewis of political economy), landed in Paris, cast a spell on the regent Duc d’Orléans, set up a ...
The Cover-Up Begins
Post Date: 2023-03-15 09:18:17 by Ada
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The disinformation service, Bloomberg, takes the lead. Bloomberg points its finger at Donald Trump and “Trump era deregulation.” In Bloomberg’s rewriting of history, Trump is responsible because he signed a bill passed by Democrats and Republicans that allowed mid-sized banks to “skirt some of the strictest post-financial crisis regulations.” So, where was the federal reserve? Where were the bank regulators? Bloomberg doesn’t say. Presidents don’t write financial legislation. Financial legislation that the Federal Reserve and the SEC don’t approve doesn’t get passed. A third world immigrant-invader, Ro Khanna, who somehow represents in Congress ...
Banking Troubles on the Horizon?
Post Date: 2023-03-14 09:25:44 by Ada
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The failure of Silicon Valley Bank (16th largest bank in US) last Friday resulted from depositors withdrawing their funds in response to a drop in value of the bank’s bond portfolios caused by the Federal Reserve’s ill-considered hikes in interest rates. The mindless policy implemented by the Federal Reserve cures inflation by producing bank runs, failed banks, and unemployment. The Federal Reserve and neoliberal economists are still stuck in the worn out thinking of 20th century Keynesianism. Yesterday federal regulators seized New York’s Signature Bank which was overwhelmed by deposit withdrawals. The banks’ failures, with troubles reported afflicting Republic Bank ...
SVB had NO head of 'risk assessment' for nine months before it collapsed... as woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a 'Lesbian Visibility Day' The collapsed Silicon Valley Bank had no risk assessment head for nine months
Post Date: 2023-03-12 11:30:17 by Ada
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The bank's previous head left in April 2022, her replacement wasn't named until January While the bank's European risk officer is accused of being more focused on diversity efforts Collapsed lender Silicon Valley Bank operated without a chief risk officer between April 2022 and January 2023 while the operation's United Kingdom-based CRO stands accused of prioritizing pro-diversity initiatives over her actual role. Click for Full Text!
To Cover Rising Costs, Hunter Now Charging 15% For The Big Guy
Post Date: 2023-02-10 09:11:43 by Ada
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U.S. — As inflation and consumer prices continue to soar, world-renown master painter and influence salesman Hunter Biden has announced that all corrupt dealings with foreign oligarchs will now include a 15% surcharge for the "Big Guy." "Listen, 10% just isn't enough anymore. Not a joke," said Hunter in an email to Russian arms dealer Viktor Bout in a text message on a phone left in the toilet of a local brothel. "Hookers are up, crack is up, and my Dad's dementia medication ain't cheap! Starting today, my prices are going up 33% and I'm charging 15% for the Big Guy." "I just can't with these prices," said CCP Defense ...
Yes, the US Government Has Defaulted Before
Post Date: 2023-02-08 09:18:32 by Ada
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It may very well be that a default could lead to significant economic and financial disruptions. But let's stop pretending that a default is unprecedented or that the United States always pays its bills. The regime is trying to whip up maximum hysteria or the chances that the US government could default on its debts if the debt ceiling is not raised. Anyone whose been paying attention for a while, however, knows there’s a 99.99 percent chance that the parties involved will soon raise the debt ceiling and the US will go back to adding to its $30-trillion-plus debt hoard as usual. Yet the political posturing over the debt ceiling always offers the media and Democratic politicians ...
Lose-Lose
Post Date: 2023-02-06 09:48:43 by Ada
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“The White House has taken the entire West in such a direction and speed of triumphalism, arrogance and “egregious” imbecility that there is no going back or reversal possible without a total defeat of the official narrative and the consequent eternal shame.” — Hugo Dionisio The New York Times — indicted this week as a chronic purveyer of untruths by no less than their supposed ally, The Columbia Journalism Review — is lying to you again this morning. This whopper is an artful diversion from the reality on-the-ground that Ukraine is just about finished in this tragic and idiotic conflict staged by the geniuses behind their play-thing President ...
Wind power makers suffer huge losses, want to abandon major project
Post Date: 2023-02-05 08:58:04 by Ada
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The greenies’ dream of “clean” (except for millions of dead birds) energy from wind farms is dying in the face of the poor economics (even with tax subsidies) and unreliable technology. The big players in constructing wind turbines are facing massive losses and write-downs and cancelling big offshore wind projects. Brace yourself for demands for even more subsides to the failing industry. The green energy subsidiary of German electrical equipment giant Siemens just reported Thursday that it lost nearly a billion dollars in the last quarter. Via Fox News (Hat tip: Beege Welborn, Hot Air): Global green energy company Siemens Gamesa reported Thursday that it had lost a ...
Steven Crowder Finally Admits It - His $50 Million Dollar Scheme Is Up! - Mark Dice Was Right!
Post Date: 2023-01-28 09:13:44 by Esso
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Poster Comment:There's crazy amounts of money involved in this internet nonsense.
Big Three Making Cars People Don’t Want
Post Date: 2023-01-10 11:11:19 by Ada
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I grew up in a household with parents who were of the Greatest Generation. They lived and shouldered through the Great Depression, and then their lives and families were thrown into turmoil on Dec. 7, 1941. My grandfather worked for the War Department in Washington, D.C., and during World War II, my father served in the Pacific Theater. Both my mother and father made a solemn vow that as long as they lived, they would never buy a German or a Japanese car. No matter how well they were made. They were the enemies. They were the ones who killed nearly half a million Americans. Period. And that value system was transported to me. In honor of my parents’ values, I couldn’t in good ...
Federal Reserve, top bank regulators flag 'significant' worries over crypto assets
Post Date: 2023-01-03 20:38:49 by Dakmar
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The Federal Reserve, FDIC, and the Office of the Comptroller of the Currency (OCC) issued a joint statement on Tuesday warning about "significant" risks crypto assets may pose to the broader banking system. “It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system,” the agencies said in a joint statement. [Stay ahead of the market] “Given the significant risks highlighted by recent failures of several large crypto-asset companies, the agencies continue to take a careful and cautious approach related to current or proposed crypto-asset-related activities and exposures at each banking ...
One Big FTX
Post Date: 2022-12-26 12:00:09 by Ada
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Regimeology is not just the art of interpreting the official pronouncements from the managerial elite, but it is also for interpreting their actions. Nothing they say can ever be accepted at face value, so nothing they do is on the level either. It is all signaling back and forth to communicate between nodes of the collective. If the regime happens to do something useful for the people, it is a happy accident. Most of what they do is about the internal dynamics of the regime. The Sam Bankman-Fried story is a good example. At this point everyone understands that this is not a corporate financial scandal. There is little chance that the sophisticated people involved with this guy and his ...
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