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

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.

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)

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs