Tuesday, May 21, 2024

The Debt Ceiling Deal Is Far Worse Than Most Conservatives Imagined

by JD Rucker, Discern Report:

As details emerge about the debt ceiling deal reached between Speaker of the House Kevin McCarthy and the Biden-Harris regime, the hopes of sensible fiscal policy flies out the window. Most conservatives who have been paying attention knew we were going to get hosed, but this is even worse than expected.

Here’s a breakdown by Congressman Chip Roy with some of the main points of idiocy:

Mike Adams interviewed by Uncle Vigilante about Epic Cash, DeFi, Bitcoin and PRIVATE MONEY

from Health Ranger Report:

TRUTH LIVES on at https://sgtreport.tv/

Deflation/Inflation/Bust with Michael Pento

by Kerry Lutz, Financial Survival Network:

Michael Pento believes that the Fed’s rapid rate increases have caused a banking crisis, and that the Fed’s actions have created an artificial construct that will lead to a deflationary recession/depression followed by runaway inflation. He predicts a 30-50% drop in equity averages and suggests investors play it safe by collecting dividends in a safe manner.

Bitcoin Will Save Democracy From The Oligarchy Says RFK Jr!

from The Jimmy Dore Show:

TRUTH LIVES on at https://sgtreport.tv/

END OF EMPIRE: INEVITABLE DEFAULT, OR HYPER INFLATION — Bob Kudla

from SGT Report:

Puppet in Chief Joe Biden is literally BEGGING for Republicans to “raise the debt ceiling” which has never really existed to begin with, but one thing is certain, either the criminal corporate government defaults on the $32 TRILLION is stated debt, or it hyper inflates our currency into oblivion. Bob Kudla joins me to discuss this and more.

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Africa’s First Test Run for a CBDC has Failed

by Martin Armstrong, Armstrong Economics:

The transition to CBDC in Nigeria did not go as planned. The elites always seek out African nations to use as their test subjects. Nigeria attempted to slowly roll out the program dubbed eNaria built on the Hyperleger Fabric blockchain. The Central Bank of Nigeria (CBN) is solely responsible for running the nodes of this digital currency. Beginning stress tests stated this currency could execute 2,000 transactions per section.  In October 2021, the government began offering incentives to citizens who chose to CBN.

Claudio Grass – The [DS] Tactics Have Failed, The Avalanche Is Picking Up Speed & Can’t Be Stopped

from X22 Report:

TRUTH LIVES on at https://sgtreport.tv/

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Jeremy Slayden and Chris K join me to discuss the border treason of Joe Biden and Alejandro Mayorkas, two white men who despise all white men who aren’t in the big satanic club. We also shine the light of truth on the trans insanity and much more. Thanks for tuning in.

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MENTIONED: Dr. John Coleman – Committee of 300
https://thephaser.com/2023/05/must-hear-the-most-important-speech-take-notes-dr-john-coleman/

Catastrophic Borrowing Kills Global Financial System – John Rubino

by Greg Hunter, USA Watchdog:

Analyst and financial writer John Rubino says this time, the so-called debt ceiling fight could end in a systemic failure.  Rubino points out, “In a well-run society, the debt limit would be zero.  Governments should not borrow money in the first place.  The amount of money we are borrowing is catastrophic.  Historians are going to look back at this era, and they are just going to wonder why we allowed it to happen and what were we thinking.  We are destroying the global financial system by allowing governments to borrow this much money.  The debt limit thing is being called a crisis, and if they let it go too far, it will be a crisis. . . . I think this game of chicken will end in the not-too-distant future, and if it doesn’t, they have an ulterior motive.  They want to crash the economy because that achieves something for them.  We can speculate about this.  The party in power wants to crash the economy, and that is a very dark scenario. . . . They are willing to burn down the world around them to get what they want.  Look at Russia-gate and the contents of the Durham Report.

COMEX Gold Futures Explained Part 1: The Basics

by Jan Nieuwenhuijs, Gold Seek:

This is part one of a series on COMEX gold futures contracts, for those interested to reach a proper understanding on this section of the gold market. In this first part we will discuss the history of futures trading and the basics of COMEX gold futures.

The History of Futures Trading

According to various sources the first traces of futures trading have been found in ancient Greece, medieval Europe, and seventeenth-century Japan. Though futures markets as we know them today emerged from North American commodity trade in the nineteenth century.