#USDC, the 2nd largest #StableCoin is no longer stable. It depegged from the U.S. dollar and is now trading at 91 cents. A portion of its reserves were held in a non-insured account at #SVB. Just one domino of many …
The Federal Reserve won’t be able to get US inflation down to its 2% target without “crushing the economy,” economist Mohamed El-Erian warned on Friday, but he said the central bank is unlikely to officially change that goal post. “You …
SNIP Getty Images is suing Stability AI, creators of popular AI art tool Stable Diffusion, over alleged copyright violation. In a press statement shared with The Verge, the stock photo company said it believes that Stability AI “unlawfully copied and …
by Boo_Randy The UK just pulled ahead of the US by a nose in our race to become a full-fledged banana republic. https://www.dailymail.co.uk/news/article-11285371/UK-Government-debt-outlook-cut-stable-NEGATIVE.html A top US credit rating agency has lowered its outlook for British government debt from stable to negative after …
by Simon Black of Sovereign Man Robert Mugabe could have gone down in history with the same esteem and grandeur as Nelson Mandela. Like Mandela, Mugabe was imprisoned for several years for being a prominent anti-colonialist leader in Zimbabwe— then called Rhodesia. Upon …
So prices are nowhere near "stable." You have miserably failed your first mandate. https://t.co/l84PyLlAxE — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) April 12, 2022
Via Birch Gold The Wall Street Journal recently reported that state and local pension funds have just received a historic windfall of cash, thanks in part to taxpayer dollars: State and local pension funds are reaping a historic windfall thanks to billions …
by laflammaster Caption: Sunac https://www.fitchratings.com/research… Caption: Times China https://www.fitchratings.com/research… Caption: BoA Meryl Lynch https://www.fitchratings.com/research…
"Rather than putting the debt on a stable and then downward path, the President’s budget would blow past the prior record and increase debt levels to 117% of GDP by 2031. The national debt is on an unsustainable path and …
by Ron Paul of Ron Paul Liberty Report The Fed, politicians and their crony corporate friends persistently manipulate the dollar and U.S. economy to their advantage, at the expense of everyone else. Prices are meant to relay economic truth to everyone. Instead, …
Did S&P go to sleep in 2019??The last two stimulus bills account for approximately 25% of GDP. Add another $2 or $3 trillion in infrastructure fiscal stimulus and your north of 33%. pic.twitter.com/98Ri9tXTrm — Jack (@JackPScott) March 16, 2021 US …
by Egon von Greyerz One of the Fed’s three main objectives is to maintain stable prices. But they have never achieved that at least not since 1971. Again, the Fed did a volte face because they have a total inability …
by Charles Hugh-Smith A funny thing happens on the way to stabilizing things by doing more of what’s failed: the system becomes even more unstable, brittle and fragile. A peculiar faith in pushing extremes to new heights has taken hold in …
by Pamela Williams The House Intelligence Committee, led by Trey Gowdy, will be holding a closed-door hearing on Russian interference in the 2016 election on Thursday. FBI Director Comey and NSA Director Rogers will be there to testify. Tucker Carlson …
