We’ve already pointed out that the new Twitter under Elon Musk may be facing some big challenges from the FTC in the US. The company is under a consent decree, and it’s not clear that Musk is complying with the terms of the consent decree. And unlike SEC violations, violating an FTC consent decree can hurt. Between the FTC and the DOJ, they can make it hurt. The fact that basically all of the remaining Twitter execs whose necks were on the line for potentially violating the FTC consent decree quit at the same time should tell you something (I guarantee it told the FTC something).
If You Thought The FTC Was Going To Fuck Over Elon, Just Wait Until He Learns About The EU
Tag: Securities and Exchange Commission
US Treasury recommends exploring creation of a digital dollar
The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Administration officials say it’d help reinforce the U.S. role as a leader in the world financial system.
US Treasury recommends exploring creation of a digital dollar
H/T: PFYT2
Related:
A digital dollar would allow Americans to directly open up an account at the Fed
And while some have suggested that the Fed could potentially launch a digital dollar on a public network like Ethereum, Luther suspects that it would instead choose to launch on its own dedicated blockchain.
“A public blockchain would limit the government’s ability to control access and monitor transactions. I am not convinced it will give up control and oversight, even if doing so would be in the best interest of society.”
Fed’s Powell: a U.S. digital dollar could help maintain international primacy
The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday, weighing in with generally positive remarks on a hot-button topic at the central bank that has left policymakers divided.
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Ten countries have already launched central bank digital currencies and another 105 countries are exploring the option, according to the Atlantic Council, leading to fears the dollar could lose some of its dominance to China.
How Wall Street Is Funding The Culture War
The leading right-wing pugilist against “critical race theory” is backed by Wall Street execs whose financial crisis crushed communities of color.
How Wall Street Is Funding The Culture War
If you’re kid is learning critical race theory, congratulations on them getting into law school! 🤡
One Man Has Set Up a $1.6 Billion Slush Fund to Fuel the Radical Right’s Takeover of Congress; Get Ready for a Dirty Tricks Campaign
By Pam Martens and Russ Martens: August 26, 2022
The New York Times dropped a political bombshell on Monday. The public interest website, ProPublica, built further on the story that afternoon. And, as luck would have it, Wall Street On Parade finds itself in the unique position of filling in missing pieces of the story thanks to an investigative report we published in 2010.
One Man Has Set Up a $1.6 Billion Slush Fund to Fuel the Radical Right’s Takeover of Congress; Get Ready for a Dirty Tricks Campaign
Nancy Pelosi Visit to Taiwan Backfired….Asia Pacific Wants China!
Sep 3, 2022 – The world is watching Taiwan and now a month after Nancy Pelosi’s visit to Taiwan we are starting to see Asia Pacific countries speak out for peace and hope there is no conflict. In today’s video I document how the US foreign policy is too emotional and lacks strategic direction, both of which will result in a more dangerous and chaotic world.
Nancy Pelosi Visit to Taiwan Backfired….Asia Pacific Wants China! via Cyrus Janssen
Cyrus brings up Paul Pelosi Jr but he doesn’t mention which mining companies that Jr invested in. A quick search shows which mining companies and that he was also involved with a few other companies.
Related:
Tech war: US tightens export rules with ban on Nvidia, AMD selling advanced AI chips to China
Nancy Pelosi criticised for including son in Taiwan delegation
Nancy Pelosi criticised for including son in Taiwan delegation
Borqs’ filings with the US Securities and Exchange Commission from June 2021 show that Paul Jnr. acquired 700,000 shares of Broqs Technologies as part of an “employee benefit plan”. But his name does not appear among the company’s 10 major shareholders in an SEC filing submitted on May 2, 2022.
China Heralds Another Major Oil Discovery
China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves.
The discovery is the result of exploration in the Shunbei oil and gas field, said to be one of the deepest commercial fields in the world, in the country’s Xinjiang region.
China Heralds Another Major Oil Discovery
Related:
Chinese Oil Giants Sinopec And PetroChina To Delist From NYSE
The Energy Industry in Xinjiang, China: Potential, Problems, and Solutions
Vast oil deposits discovered in Xinjiang
I’m sure Halliburton would love to get their hands on that oil! Oh wait, that was Iraq!
Exclusive: The Fugitive Who Tried to Spark a US-China War
Exclusive: The Fugitive Who Tried to Spark a US-China War
Guo’s intelligence handlers, Ma and Zhou, were allies of Ling Jihua, who was former President Hu Jintao’s chief of staff. The crucial link between Ma and Ling was provided by Sun Zhengcai, the former party secretary of Chongqing, also a Politburo member.
As we’ve seen, Zhou, Ling, and Sun all ended up in jail – targets of Xi’s anti-corruption campaign. But, remarkably, not Guo – who according to former Chinese government officials was Ma’s MSS agent in charge of special ops overseas.
Guo’s job in 2012 was to sabotage the ascension of Xi by spreading an array of fake news in China and among the Chinese diaspora. That failed.
Nonetheless, Guo remained at work as an MSS agent until at least October 2021, according to well-placed Chinese sources. Considering his recent activities and the fact he was lavishly embraced by prominent US China hawks, it appears that his assignment was to cause maximum damage to US-China relations, arguably derailing them to a point of no return.
Links behind paywalls (all but a few that I weren’t archived):
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