Lawmakers Urge U.S. Action To Halt China’s Organ Trade Authored by Susan Crabtree via RealClearPolitics, A group of leading China critics in Congress is urging the State Department to step up its efforts to curb Beijing’s gruesome $1 billion forced organ harvesting trade, which targets ethnic and religious minorities, including Uyghurs, Tibetans, Muslims, Christians, and Falun Gong practitioners.  Six members of the […]

The Missing Piece Of The Puzzle: Behind The Inexplicable “Strength” Of US Consumers Is $700 Billion In “Phanton Debt” Yesterday we discussed the latest consumer credit data, which revealed that the amount of credit card debt across the US has hit a new record high of $1.337 trillion (even though it appears to have finally hit a brick wall, barely rising in April by the smallest amount since the covid crash), even as the savings rate […]

Argentina To Mine Bitcoin With Stranded Gas Authored by Vivek Sun via BitcoinMagazine.com, Argentina’s energy sector is increasingly turning to Bitcoin, this time with a state-owned facility using stranded natural gas from oil fields that would otherwise be wasted. JUST IN: 🇦🇷 Argentina state-owned company’s subsidiary will mine $BTC with Stranded Gas: Forbes Eventually, every country will be mining #Bitcoin […]

“Is Consumer Travel Spending Easing?” – BofA Identifies New Trend As Travel Companies Miss Earnings  One theme we’ve spotted this earnings season has been an increasing number of companies warning about low-income consumers.  From McDonald’s to Starbucks to Tyson Foods, executives on earnings calls have warned about mounting headwinds hitting the working poor.  Last Tuesday, Starbucks CEO Laxman Narasimhan told […]

House Votes To Nullify SEC’s Anti-Crypto Policy, Biden Vows To Veto Authored by Tom Mitchelhill via CoinTelegraoph.com, The United States House of Representatives has voted to pass a bill that overturns controversial Securities and Exchange Commission guidance preventing banks from owning crypto.  On May 8, the House voted to pass a bipartisan bill dubbed H.J. Res 109 which overturns the SEC’s Special Accounting Bulletin […]

China Blasts US For Talking Gaza “Ceasefire While Pouring In Weapons” First the Ukraine war and now the Gaza conflict… China increasingly finds itself the leader of the group of nations at odds with the West over how to handle these crises.  Beijing has criticized the United States’ role in stoking both conflicts, given Washington is the main supplier of weapons and funds for both Israel and Ukraine. Most Global South […]

Jan. 6 Arrests Running At Nearly Double The Rate Of 2023 And 2022: Report Authored by Joseph M. Hanneman via The Epoch Times (emphasis ours), Nearly 1,425 people have been arrested on Jan. 6 charges, with 2024 arrests running at almost double the rate from 2023 and 2022, a U.S. Department of Justice report shows. Capitol Police officers use pepper spray and tear gas to clear protesters from the U.S. Capitol in Washington on Jan. 6, […]

Biden Says He’ll Halt Offensive Weapons To Israel If It Invades Gaza Update(2025ET): President Biden spoke to CNN’s Erin Burnett on Wednesday, and in the interview he issued some of the most significant warnings to America’s closest Middle East ally to date, telling Israel that he’s ready to halt offensive weapons transfers if its military launches a full invasion of Rafah. “Civilians have been killed in Gaza as a consequence of […]

Philadelphia Mayor Starts Long-Awaited Process Of Cleaning Out City’s Open Air Drug Markets Philadelphia’s new mayor Cherelle Parker may be succeeding with what seems like a relatively simple task that her predecessors were wholly incapable of performing: cleaning out the city’s open air drug markets in its Kensington section. Pay attention, Democrats. There’s a chance it actually can be done. During Monday’s Committee of the […]

Putin Doesn’t Bluff Authored by James Rickards via DailyReckoning.com, Two weeks ago, the Congress passed (and President Biden signed) four key pieces of legislation related to national security. Three of the bills provided assistance to Ukraine, Israel and Taiwan. They received the most attention. The one that got the least attention was a mixed bag of provisions, such as a forced divestiture of TikTok. Included in that bill was […]

RFK Jr Challenges Trump To Debate At Libertarian Convention Hoping to exploit their overlapping appearance commitments, independent presidential candidate Robert F. Kennedy, Jr on Tuesday challenged Donald Trump to a debate at the Libertarian Party’s national convention this month, saying it represents “perfect neutral territory.”  Playing to Trump’s ego, Kennedy’s invitation started off with an expression of gratitude to the […]

Democrats Join Republicans To Block Greene’s Bid To Oust Speaker Johnson By Joseph Lord of Epoch Times The House of Representatives on May 8 overwhelmingly voted to block a measure to strip House Speaker Mike Johnson (R-La.) of the gavel advanced by Rep. Marjorie Taylor Greene (R-Ga.). Rep. Marjorie Taylor Greene (R-Ga.) forced a vote on a motion to vacate after meeting with the speaker twice this week to discuss her grievances […]

Office Tower Turmoil In NYC Worsens Ahead Of Trillion Dollar Maturity Wall  A combination of factors, including remote work, an exodus of progressive cities, higher interest rates for longer, and diminished credit availability, continues to pressure the office tower market nationwide. The latest example of challenges facing the $20 trillion commercial real estate market comes from New York City. Bloomberg reports that the $400 […]

500 Individuals Recount Discrimination, Sexual Harassment At FDIC In New 200-Page Report Authored by Andrew Moran via The Epoch Times, The Federal Deposit Insurance (FDIC) failed to provide its employees a safe workplace free from “sexual harassment, discrimination, and other interpersonal misconduct,” a new report released on Tuesday concluded. Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), […]

Gen-Zers Slide Deeper Into Debt As Bidenomics Failure Crushes America’s Future Leaders  It may seem crazy, but here’s some advice for heavily indebted Gen-Zers: Put down the smartphone. Stop spending on DoorDash and Uber Eats. Perhaps cancel a few streaming services. Also, the spending party is over despite calls from the White House to cancel student debt.  The rising debt load Gen-Zers are carrying is alarming. The […]

AstraZeneca Pulls COVID Vaccine After Admitting Rare Side Effect In yet another damning development for the ‘safe and effective’ crowd, AstraZeneca has announced the worldwide withdrawal of its Oxford-AstraZeneca vaccine, branded as Vaxzevria, due to a rare but serious side effect. This decision marks the end of the vaccine once hailed as a “triumph for British science” by Boris Johnson and credited with saving over six million […]

Be Careful What You Wish For: Weaker Yen A Blessing And A Curse For Japan By Simon White, Bloomberg Markets Live reporter and strategist A weaker yen will boost inflation in Japan, but it may do so to an undesirable extent, especially as there are growing signs price growth is becoming embedded. Be careful what you wish for. For years, Japan has yearned for sustainable inflation around 2%. Add a pandemic, a rise in energy prices […]

Disney Cast Biological Male As “Evil Queen” At Florida Wilderness Lodge, Outraged Father Claims Video surfaced this week from Walt Disney World in Florida where, at the Wilderness Lodge resort, the company appears to have cast a biological male to play the role of Snow White’s wicked queen.  “….the Evil Queen without a doubt had a man’s voice,” said the father of a family who dined at Wilderness Lodge, Brietbart […]

The “Soft Landing” Lie: A Global Economic Slowdown Is Already Underway Authored by Brandon Smith via Alt-Market.us, If people have learned anything from the past few years of Ivy League elites and TV talking heads feeding them economic predictions, I hope they finally understand that the “experts” are usually wrong and that alternative analysts have a far better track record. Whenever establishment economists make a a call the […]

When “Making It” Becomes Hopeless Authored by Charles Hugh Smith via OfTwoMinds blog, No wonder so many people devote themselves to curating an artificial digital representation of themselves that they reckon is worthy of recognition and status. What does it take to “make it” in today’s economy? As described in Withdrawing from the Rat Race Is Going Global, the world has changed in fundamental ways that have made it much more […]

ARM Loses Leg After Downbeat Annual Revenue Forecast It was all looking good for a second or two as ARM Holdings released earnings with top- and bottom-lines beating expectations… *ARM HOLDINGS PLC 4Q TOTAL REV. $928M, EST. $880.4M *ARM HOLDINGS PLC 4Q ADJ EPS 36C, EST. 30C So good, so far, then the chip designer said that sales will be $875 million to $925 million in the June quarter (which compares favorably with an […]

Bond Yields & Black Gold Bounce As Hawkish FedSpeak Slows Stocks Mixed bag today: Macro (ugly wholesale sales print, implied gasoline demand at decade-lows ex-COVID, GDPNOW up at 4.18%?), Micro (TRIP exposed as M&A premium evaporates exposing reality of tourism business, UBER hinting at consumer pain, SHOP signaled more consumer pain, AFRM cut revenues forecasts as BNPL schemes falter – more consumer pain, TSLA […]

The Three Reasons People Hate Trump… Authored by Brent Hamacheck via American Greatness, In my recently published book, Dissidently Speaking: Change the Words. Change the War: I use both logic and empiricism to prove (I do mean prove) that there is absolutely no such thing as “right wing-left wing” as we use the terms in this country.  They are nothing more than non-defined terms used to characterize and label people with […]

Someone Is Lying: Atlanta Fed Claims US GDP Is 4.2% While DOE Reports Lowest Gasoline, Diesel Demand Since Covid On one hand, the Atlanta Fed triumphantly blasted earlier today that Bidenomics is the greatest thing since sliced bread, helping push its Q2 GDP Nowcast to a whopping 4.2%, up from its latest estimate of 3.3%. On the other hand, Biden’s own DOE – in its latest attempt to slam oil, gas and diesel prices because nothing […]

Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed Back in March, when eyeing the tremendous rebound in the crypto space, we joked that creditors in Sam Bankman-Fried’s bankrupt exchange, FTX, would recover 200% of their claims. FTX bankruptcy will be the first Chapter 11 where creditors recover 200% of their claims — zerohedge (@zerohedge) March 2, 2024 Well, as so often happens in the “new abnormal”, it […]