ECONOMY NEWS
Home Prices DROPPING across Texas | Reventure Consulting
https://www.youtube.com/watch?v=kVM8M1B7vCo
Wall Street Is Selling Homes Fast! | Real Estate Ninja
https://www.youtube.com/watch?v=62538YPjeBc
Wall Street landlords are selling homes back to Main Street. Here's what it might mean for runaway housing prices.
LEAKED! Bank CEO's Selling Stocks At Record Pace! | Michael Cowan
https://www.youtube.com/watch?v=vyyv0JiUiUc
Bank of America Insiders Sell US$14m Of Stock, Possibly Signalling Caution
https://finance.yahoo.com/news/bank-america-insiders-sell-us-130118857.html
(July-31-2023) The 3 Trillion Dollar Black Swan Event Unfolding | ITM Trading
https://www.youtube.com/watch?v=Ar90xLsd_DI
(July-24-2023) Shifting Your Bank Accounts to FedNow Without Your Knowledge - by Lynette Zang | ITM Trading
https://www.youtube.com/watch?v=fwjKXsHOduo
You Will Be Forced To Change Banks ( Fednow CBDC Digital Currency ) | The Economic Ninja
https://www.youtube.com/watch?v=Zy2KyBT37J0
(July-19-2023) JP Morgan, BofA, Wells Fargo, and 20 other Banks to Give Away Your Money! | ITM Trading
https://www.youtube.com/watch?v=o9wy9jt6u1M
(Aug-4-2023) Banks Have Lost Your Cash | I Allegedly | I Allegedly
https://www.youtube.com/watch?v=nOz4iZMlpEU
Wells Fargo is losing peoples money with an unsolved "glitch".
NEW YORK TIMES - Some Wells Fargo Customer Deposits Disappear Because of a ‘Technical Issue’
The Boom is Over. The Bust has Begun | Heresy Financial
https://www.youtube.com/watch?v=Pi4CHqn1ppI
Heartland Tri-State Bank Failed Because of a Scam! | Nobody Special Finance
https://www.youtube.com/watch?v=aXq0gFPs3W8
This Time is Different | Heresy Financial
https://www.youtube.com/watch?v=E6UV2Ntc7QU
Warning: Buy Food Now As Plants Close Their Doors | The Economic Ninja
https://www.youtube.com/watch?v=nL9MUgc0b38
$1T Comes Due In Apartment Loans
Apartment-building values ⬇️14% for the year ended in June after rising 25% the prior year
Blackstone has defaulted on mortgages for 11 Manhattan apartment buildings
Borrowing costs ⬆️200%, rent growth is slowing & building expenses are rising
https://nitter.net/ProdigalThe3rd/status/1688548148422066176
Wind Industry Hits Rough Seas
+10 offshore projects worth $33B delayed or cancelled across the US & Europe in recent weeks
Wind power developers & buyers scrapping contracts, renegotiating terms, delaying projects & postponing investments
Turbine maker Siemens expects to lose…
https://nitter.net/ProdigalThe3rd/status/1688575779494326273
Wage pressure:
America’s Truckers, Cargo Pilots & Package Carriers Are Fed Up
Inflation & resentment stoke heightened labor activism
Pilots at FedEx recently surprised industry observers by voting down a union-brokered deal that would have raised their wages about 30% by 2028
https://nitter.net/ProdigalThe3rd/status/1688545778707406848
Saudi Aramco plans for further investments in China as it reaffirms massive capital spending program
China= #1 Saudi crude buyer
Armanco plans to convert 4M b/d of oil production into petrochemicals by 2035
….recently bought a 10% stake in China’s Rongsheng Petrochemical for…
https://nitter.net/ProdigalThe3rd/status/1688543676308320256
US regional banks still relying on hundreds of billions of dollars in government financing via Federal Home Loan Banks (FHLBs)
6/2023: US banks & credit unions had $880B in outstanding FHLBs loans; ⬆️150% from 12/2021
Banks not required to disclose if or how much…
https://nitter.net/ProdigalThe3rd/statue/1688534314521116672
MIT & UCLA study finds new full-time remote hires are 18% less productive than their in-office counterparts
66.7% of the productivity drop was evident from the first day of work
Remaining productivity drop occurred due to differences in learning speeds between the two groups
https://nitter.net/ProdigalThe3rd/status/1688162527010504705
BEFORE:
“Renewables are saving Texas. Again. So give them their due.”-🤡
NOW:
“Texas Power Prices to Surge 800% on Sunday…”
https://nitter.net/ProdigalThe3rd/status/1688128778323542016
Local Malls Stuck in “Death Spiral”
Older, low-end malls ⬇️50-70% from 2016 values
MOODY’S: 20% of all malls financed via CMBS are underwater
$14B in loans backed by these malls due in next 12 months
Crystal Mall (CT) $153M in 2012, recently sold in foreclosure for $9.5M
https://nitter.net/ProdigalThe3rd/status/1688120846265597952
Bonds for China’s largest developer by contracted sales are in free fall
https://nitter.net/ProdigalThe3rd/status/1688117056778936321
BANKS HIDING DEPOSITS BY RENTING DEPOSITS FROM LARGER BANKS LIKE JP MORGAN THROUGH "BROKERED DEPOSITS"
https://nitter.net/profstonge/status/1688527914139332608
Fresh off Fitch's recent US downgrade last week, Moody’s downgrades 1/7th US banking system | Peter St Onge
https://www.youtube.com/watch?v=CELOaOFacxo
China Enters Deflation as Prices Plunge in World's Factory. | Nobody Special Finance
https://www.youtube.com/watch?v=gJ9ItLTyPoY
@KobeissiLetter
The US government has spent an alarming $6.7 trillion over the last 12 months.
This is up 14% since last year and just shy of the $7.6 trillion record during 2020.
We are now spending just $900 billion less than a period when $4 trillion was handed out.
The worst part?
##Over the last 12 months, the US deficit is at $1.4 trillion.
This is up $1 TRILLION compared to last year.
Simply put, this is unsustainable.
https://nitter.net/KobeissiLetter/status/1688343901193576448
Peter St Once @profstonge
Episode 16 of the Podcast is up! 🥳
- Bank of Japan could drain trillions from America
- Housing “gridlock” traps sellers
- Federal “Debt Tsunami” Coming
- Biden’s Fake Manufacturing numbers
- Ford losing $4.5 billion on electric vehicles
https://nitter.net/profstonge/status/1688490171719675904
Thanks to u/Trump1234KAG for this important news!
Largest Asset Manager in the world, Blackrock, Exits US Markets to Avoid Corporate Debt Bubble and Looming Recession | RJ Talks
https://www.youtube.com/watch?v=_12MeY1KUcw
Thanks to u/ValueFuckingDeep for this fantastic series by Peruvian Bull (also recommend @PeruvianBull on Twitter). I HIGHLY recommend watching:
The Dollar Endgame Part 2.5- The Derivatives Monster
I have not looked into Cardano, but you should look at XRP. I was only clued into XRP recently but that is one big potential.
Bitcoin, Ethereum, and XRP for me.
I've looked a bit a XRP but it doesnt challenge the banking system, it seems to join it from what I see. Also they dont have smart contracts yet even though they gave Vitalik Buterin the idea in 2014 when he interned there on a project they later scrapped.
The best tech is Cardano in all kinds of directions
Hydra for 1,000,000 TPS, Mithril full node light wallet, their side chains, liquid staking, Project Catalyst, ISPOs, Voltaire Governance, Ouroboros protocol, EUTXO model vs everyone else using Account based model.
You only need 100 ADA ($30) to start a stake pool that can be ran on a Raspberry Pi 4 to validate transactions. They have 2000+ stake pools, extremely decentralized. Wallet distribution is also much more linear than others like Bitcoin.
Set currency amount so its sound money and no burning mechanism which encourages hoarding (and kills dapps over time Ethereum).
Whole blockchain is programmed in Haskell to separate side effects (protects against any kind of outside input exploits of the program) and has a strong type system for type safety. Haskell is made for software that doesn't fail and Cardano has been up every single second since it launched in 2017 with no downtime.
You can compare the 2, XRP doesn't have a quarter of this. Highly recommend, it's a fantastic chain and my contender for a new reserve currency!
Ok. I will look into Cardano now. I mean, might as well diversify, right?
It's worth it! Lots of info to look at, if you have any questions DM me. I keep up to date with the projects and concepts
Ok will do. Thanks.