(Kyle Becker) The Biden administration appears intent to make it as hard as possible for the U.S. economy to create jobs. On Wednesday, it rescinded a Trump-era rule that allowed businesses to designate workers as independent contractors instead of employees.
Economy
China’s ‘Social Credit Scoring’ is Expanding Globally, Now Openly Operational in Western Canada
(Scott McGregor & Ina Mitchell) China’s Orwellian “social credit system” that records the social and financial behaviour of individuals and corporations across China, using a vast surveillance system, has expanded globally, and is now openly operational at the renowned Haidilao hot pot restaurant, in Western Canada.
Hundreds of Millions in Ppp Loans Went to Ccp-backed Firms, as U.S. Small Businesses Went Under
(Sophie Mann) The Golden Horseshoe is a weekly designation from Just the News intended to highlight egregious examples of wasteful taxpayer spending by the government. The award is named for the horseshoe-shaped toilet seats for military airplanes that cost the Pentagon a whopping $640 each back in the 1980s.
Is the World Economic Forum’s ‘Cyber Polygon 2020’ Predicting an Upcoming Internet Attack?
(Joe Hoft) After COVID-19 should we be worried about a world cyberattack that impacts the Internet and shuts it down?
Bitcoin Is Officially Here – Coinbase IPO Direct Listing Today Estimated to be Valued at $100 Billion or More
(Joe Hoft) Coinbase is going public today on the NASDAQ in an IPO estimated to be valued at $100 Billion or more. Coinbase is the latest Silicon Valley “unicorn”, defined as a market value of $1 Billion or more. Coinbase, which will trade under the symbol [COIN], is a cryptocurrency market exchange and trading platform, providing a well-financed (and hopefully secure) platform for the trading of cryptocurrencies like Bitcoin [BTC] that rose to a new high yesterday, surpassing the $62,000 level.
The Global Debt Problem
(Alasdair Macloed) It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be treated with caution, and they probably underestimate financial sector debt. Furthermore, no allowance in these figures is made for OTC derivatives, which according to the Bank for International Settlements have a gross value of $15.48 quadrillion(!), netting out at $609 trillion.
Egypt Just Seized The Ever Given
(noah) This is huge.
Investment Banker Speaks Out— “It’s An Industry That Rewards Psychopaths.”
(Mayukh Saha) ‘Investment banker’ is a title that thousands of people around the world dream about achieving.
Major Pushback as Big Business, Big Government Join Hands for ‘Dystopian’ Vaccine Passports
(Brett Kershaw, The Western Journal) As state and local authorities began to lift pandemic restrictions, some American lawmakers and political commentators have floated the idea of imposing a mandated COVID-19 vaccine passport, stirring heated controversy about the future of the post-pandemic world.
Breaking: Democrat Sen. Joe Manchin Rejects Joe Biden’s Corporate Tax Increase – Says More Democrats Will Join Him
(Jim Hoft) Democratic Senator Joe Manchin said on Monday he rejects Joe Biden’s corporate tax increase to 28% and he may not be the only Democrat to break with the president on the enormous tax increase.
Businesses Fight Covid Vaccine Hoax and Lockdown Rules
(Steven Rotter) Businesses fight Covid Vaccine Hoax rules regardless of penalties.
Suez Canal Crisis Could Cause Far More Supply Chain Damage Than Anyone Imagined
(Robert Wheeler) As of right now, the Suez Canal blockage seems only to be a human interest story. Some readers watching the story of the grounded sky-scraper-sized Ever Given container ship may find it comical and curious. Surely you’ve seen the many memes circling the internet?
In a Huge First, Visa Moves to Allow Payment Settlements Using the Cryptocurrency USD Coin
(The Federalist Papers) Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
Socialism UBI: Growing Coalition of Lawmakers Push for Recurring Stimulus Payments to Americans
(Jack Davis) Even before many Americans have received the latest round of cash doled out by Congress and the Biden administration, some lawmakers are calling for recurring payments until the economy fully recovers from COVID-19.
Veteran Investor Says Governments Are Planning to Totally Outlaw Bitcoin
(Paul Joseph Watson) Veteran investor Ray Dalio warns that governments across the globe are planning to outlaw Bitcoin because the financial elite cannot tolerate something that they don’t have monopoly control over.