Greatest Rug Pull Ever? Russia Warns U.S. Will Use Crypto To Eliminate $37T Debt At World’s Expense

Greatest Rug Pull Ever? Russia Warns U.S. Will Use Crypto To Eliminate $37T Debt At World’s Expense

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What to expect as Federal Reserves ends QT

His speech comes as the Fed ends quantitative tightening (QT) while the odds of a cut at the upcoming meeting continue to climb, which is a positive for the crypto market.

The Fed ends QT today, which is a positive for the crypto market.

Jerome Powell ends Quantitative Tightening; Financial Repression to Follow?
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China Has Quietly Won the Trade War—and Now Leads the World

China has quietly won the trade war and is now reshaping global leadership—not through force, but through strategy, stability, and vision. It’s time for the West to learn, adapt, and embrace a shared future led by a preponderant China.

“There are decades where nothing happens; and there are weeks where decades happen.”
—Vladimir Lenin

China Has Quietly Won the Trade War—and Now Leads the World (archived)

H/T: The Most Revolutionary Act

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Quote Origin: Days Into Which 20 Years Are Compressed

Trump Treasury pick Scott Bessent could become highest-ranking openly LGBTQ+ person in US history

The Pink Palace (Wikimedia Commons)

Donald Trump’s nominee for secretary of the Treasury, Scott Bessent, who lives in Charleston, South Carolina with his husband and family, could become first Senate-approved LGBTQ+ member in a Republican cabinet.

Trump Treasury pick Scott Bessent could become highest-ranking openly LGBTQ+ person in US history

On the strategic relationship between Venezuela and China

During a state visit to the People’s Republic of China in September 2023, Venezuelan president, Nicolas Maduro met president Xi Jinping and both agreed to strengthen the relationship of their countries by establishing seven sub commissions to elevate it to the level of ‘all-weather strategic partnership’. This is the culmination of a relationship that began with president Hugo Chavez’s first visit to Beijing in 1999, the very first year of his presidency.

On the strategic relationship between Venezuela and China

Sen. Rand Paul: Ukraine Has Canceled Their Elections, So No We’re Not Defending Democracy

Sen. Rand Paul: Ukraine Has Canceled Their Elections, So No We’re Not Defending Democracy

I don’t think good idea for our country to borrowing. We’ve given them, I think over $113 billion, they’re asking for another $24 billion. But if you read between lines, they’ll tell you it will last about two to three months and then they’ll be back again. Every two to three months they’re over here, you know, he’ll be here again today begging for more money.

NY Times Blames SOCIAL SPENDING for Debt Crisis—Ignores Endless War

This is a clip from our show SYSTEM UPDATE, now airing every weeknight at 7pm ET on Rumble. You can watch the full episode for FREE here: How Endless War Bankrupted the US While Inflicting Mass Suffering at Home. Plus: Macron Threatens Internet Shutdown & Update on US Govt’s Private Data Purchases | SYSTEM UPDATE #111

NY Times Blames SOCIAL SPENDING for Debt Crisis—Ignores Endless War via Glenn Greenwald

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America Is Living on Borrowed Money

America’s Wars and the US Debt Crisis

Jeffrey Sachs: Bipartisan Support of War, from Iraq to Ukraine, Is Helping Fuel U.S. Debt Crisis

Yellen secretly yells for China’s help

By Herman Tiu Laurel

The US and its President Biden has been looking sillier and sillier to America’s global audience the past months. Take the inane “Chinese spy balloon” hullabaloo the shadowy anti-China political-media network concocted in February, Pentagon just a few days ago, on June 30, now officially admits “did not collect intelligence while flying over the country.” Yet, that spy thriller concoction delayed Blinken’s “reconciliation” visit to China by five months, pushing through only on June 18.

Yellen secretly yells for China’s help

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[2008] China’s Hu, Bush discuss financial crisis (archived)