3/22/24: FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray,Ray Said Bankman-Fried’s Victims “Will Never Be Returned to the Same Economic Position They Would Have Been in Today Absent His Colossal Fraud
By Cheyenne Ligon Current FTX CEO John J. Ray III is pushing back against his disgraced predecessor Sam Bankman-Fried’s claims that customers lost “zero” money in the exchange’s 2022 collapse, calling them “categorically, callously, and demonstrably false.” In a victim…
1/22/24 How the Government Constructs Positive Economic Data, Its All Made-Up
by Tyler Durden Via SchiffGold.com, A startling disconnect as we edge closer to the 2024 general election: On one hand, so-called “experts” parade optimistic economic reports, but for the average American, the story is starkly different. In heated debates, economists squabble over whether the…
Financial Chaos,Civil War–Joe Biden’s Economy Is Driving the United States Toward Collapse
The right knows that the system is breaking down, and it has a plan: violence and unity with Satan Solder elements that are traitorous. Nobody wants to see what’s coming because no one wants what’s coming. Even the most astute,…
The Data Missing from Wall Street Economists: Skyrocketing Disabilities and Injuries in U.S. Workforce After COVID-19 “Vaccines”
BanksterCrime: by Brian Shilhavy Editor, Health Impact News The word “unprecedented” is being used more and more in financial news stories these days to describe the economy, and on financial news sites you can often read articles describing the same…
Talk About BS: JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience
BanksterCrime: JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the remainder of the current year and…
Us Inflation Cools, Spending Stagnates as Economy Loses Steam
The Federal Reserve’s preferred measures of U.S. inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum. The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed Friday. From a year…
The Worst Economic Crisis Anyone Has Ever Seen
We have been watching, with disbelief and bemusement, how the “recovery-narrative” has been touted in the financial media and among some economists and analysts. Categorically, an economic recovery is a period of expansion, where we eventually exceed the previous peak…
The Economy Is Mortally Wounded
A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially. We all know the movie scene in which the character is wounded but dismisses it as no big deal, and then lurches into…
Pandemic, Economic Collapse, Full Societal Breakdown
“And the will of Zeus was moving towards its end.” – Homer Symbiotic Disharmony The recline and flail of western civilization beats on. Pandemic, economic collapse, full societal breakdown. The sequence grooves from one to the next with the symbiotic…
JPMorgan Is “Counting The Days” Until The Second Covid Wave
As governments ease lockdown restrictions, attention is focused on the risk of a second wave of COVID-19 infections. And, as JPMorgan writes, “the message from most people is: so far, so good, although as everyone also recognizes the lags with…