As the world obsesses over Trump’s taxes or whether or not he is using oxygen during his covid hospitalization, the biggest overhaul in monetary and currency history is quietly taking place just behind the scenes. Just two weeks ago, Cleveland Fed president Loretta Mester hinted at just how close the US is to a comprehensive…

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For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb on loans they had made, or even by frontrunning the Fed with their prop (and flow) trading desks, they would “earn” their way to just above consensus estimates by releasing…

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 The identity and actions of these world powers are described primarily in Daniel, Ezekiel, and Revelation. The king of the west is the Antichrist who will lead the ‘revised’ Roman Empire [the seventh kingdom] and its western allies. The ‘revised’ Roman Empire today is the European Union in transition. The king of the south is Egypt and its southern Islamic allies. The…

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“Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases. Inflation is not caused by the butcher, the baker, or the automaker, although they usually get blamed. On the contrary, by producing real wealth, they fight the effects…

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Deutsche Bank plans 18,000 job cuts in robot strategy called “Operations 4.0”. Operations 4.0 Underway Deutsche Bank says Operations 4.0 is already underway. The plan is to Replace 18,000 Jobs With Robots. Mark Matthews, head of operations for Deutsche’s corporate and investment bank, told Financial News that machine learning algorithms “massively increased productivity” and “redistribute capacity.”…

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