Europe’s model of economic prosperity “is geared towards a world that is gradually disappearing,” Christine Lagarde, president of the European Central Bank (ECB), said in a 21 November keynote speech to the European Banking Congress.
Category: HOMEPAGE
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ECONOMIC UPDATE – MARKET OVERVIEW
Earlier today, the Dow was down nearly 600 points, the S&P was down 1.1 percent, and the Nasdaq was down nearly 2 percent. But as we go to press, they all bounced back somewhat.
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CRISIS. CASH. CONTROL (THE OPERATING MODEL OF THE U.S.)
This pattern, CRISIS… CASH… CONTROL… is how the US runs from “emergency” to “emergency” and from “crisis to “crisis” to expand debt, levitate assets, and consolidate power by design.
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“JOB CREATION IS PRETTY CLOSE TO ZERO,” POWELL SAYS
The U.S. labor market might appear healthy, with a jobless rate near historic lows. However, once statistical overcounting is adjusted out of the data, “job creation is pretty close to zero,” U.S. Federal Reserve chair Jerome Powell said in a 15 November press briefing.
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SAM ALTMAN: ANOTHER CONFLICTED TRANSHUMANIST
The same person who unleashed sophisticated generative AI on the world in late 2022, is backing a San Francisco start-up bent on gene-editing human embryos.
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SUPER-RICH CONSOLIDATING POWER BY BUYING UP MEDIA OUTLETS
Robert Reich, the former secretary of labor under Bill Clinton, penned an op-ed last week that highlighted the growing trend of the richest people in the U.S. buying up major media outlets and, in the process, giving them more control than ever to use their power to suppress democracy.
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SEATTLE’S NEW MAYOR COMPARED TO MAMDANI IN NEW YORK
Katie Wilson, the newly elected self-described socialist mayor of Seattle who campaigned on taxing the wealthy in the city, has been compared to New York’s new mayor, Zohran Mamdani, who also focused his campaign on the economic hardship faced by everyday people in his city.
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ECONOMIC UPDATE – MARKET OVERVIEW
Yes, the rich are getting richer, and the middle class is shrinking. And as for young Americans having trouble finding decent paying jobs, this is part of a mega-trend that is shaping the economic future.
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LIQUIDITY ADDICTION DESTRUCTION (BLOWOUT… HOLLOW-OUT)
Weakening the dollar helps service US debt, but pushes trade blocs to settle outside the dollar. With that, lower external USD demand = more of our own debt must be held internally/absorbed into The System.
