(Elizabeth Allen) In a stunning Interim Staff Report of United States Senate Subcommittee on Government Operations and Border Management Committee on Homeland Security and Governmental Affairs, the Biden administration is literally wasting $3 million per day for a total of $2.087 billion to date to NOT build the southern border wall.
Finance
Trump: Big Tech Is ‘Getting the Biggest Subsidy That Any Company Has Ever Gotten from a Government’
(Natalia Mittelstadt) Former President Donald Trump discussed his class-action lawsuit against Big Tech censorship on Fox News’ “Sunday Morning Futures,” saying he believes it will be “very successful.”
Crypto Carnage Sends Bitcoin Into Red For 2021
(Tyler Durden) Well that de-escalated quickly. Having dropped into the red for the year (briefly), a wave of crypto dip-buyers have sent Bitcoin back above $32k and into the green for the day…
Crypto Carnages Wipes $1 Trillion In Wealth As Transactions Tumble To 3-Year Lows
(Tyler Durden) Bitcoin prices are rebounding after MicroStrategy upsized its bond offering (which will be used to acquire more bitcoin), offsetting anxiety over regulation demands from the IRS.
Biden’s Commerce Secretary: Cyberattacks on American Businesses Are Here to Stay and, if Anything, Will Intensify (VIDEO)
(Cristina Laila) Joe Biden’s message to criminals around the world: The US is too weak to stop cyberattacks so go ahead and hack our infrastructure.
Lumber Prices Slump As Historic Boom Hits A Wall
(Tyler Durden) Lumber futures on Chicago Mercantile Exchange fell -3.1% to $1,284.20 per 1,000 board feet, extending last week’s first loss since January. For the last 18 trading sessions, lumber prices have come under pressure amid signs that an unprecedented rally may be waning.
In Less Than Two Weeks, Millions of Americans Will Lose Unemployment Benefits
(John Titor) With at least 24 GOP-led states set to end federal unemployment assistance before they’re set to expire on Sept. 6, millions of Americans are going to need to dust off those resumes and start helping reduce the massive job shortage after being paid to stay home for over a year.
A JPMorgan Icon Quits, And Has Some Parting Words About Cryptocurrencies
(Tyler Durden) For the better part of the past decade, Wall Street traders would end their week with at least a casual glance at JPMorgan’s closely-followed cross-asset report written every week by the bank’s top x-asset strategist, John Normand. But not any more: as Normand wrote in his May 21 note published last Friday, “this is my last research note and video, as I am moving on after 24 years.” In his note, Normand discusses lessons “learned in over two decades with JPM Research, covering cross-asset strategy/asset allocation, Currencies, Commodities and Fixed Income” a period “which covers four business cycles, three US/global recessions and four financial crises (that didn’t cause US recessions), plus hundreds of weekly reports and client meetings.”
Money Out Of THICK Air & Hidden Financing Statements
(Scott B) You’ve probably heard the saying ‘printing money out of THIN air’ – and most likely you’ve heard it regarding todays banksters. It’s blamed for many things, most commonly the seeming ability by banksters to print money from nowhere…
The XRP Factor. The new global financial system?
(Gunther Sonnenfeld) The new global financial system is being rolled out, and you might be surprised by what this entails.
DOG MONEY! Will This Cryptocurrency Really Go to the Moon?
(Joe Hoft) DOG MONEY! People are going crazy over Dog Money. Will it be another Beanie Baby bust or is it a good investment?
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.
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.
How Not to be Owned
(Gary M. Galles) This March marks the 75th anniversary of the Foundation of Economic Education. Because FEE has done yeoman work in defense of people’s rights and liberty for that entire time, starting when those prospects were bleak, that is also a milestone for the advancement of society. And given that Leonard Read was FEE’s founder and guiding light, it is worth reminding ourselves of his commitment to those principles.
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.