(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.
economy
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.
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.
Want a job? Get a Shot!
(Ron Paul) Mask tyranny reached a new low recently when a family was kicked off a Spirit Airlines flight because their four-year-old autistic son was not wearing a mask. The family was removed from the plane even though the boy’s doctor had decided the boy should be exempted from mask mandates because the boy panics and engages in behavior that could pose a danger to himself when wearing a mask.
13 Attorneys General File Lawsuit Against Joe Biden For Cancelling Oil and Gas Leasing Permits
(Erin Coates) Thirteen Republican attorneys general filed a lawsuit Wednesday against the Biden administration for halting oil and gas leasing on federal lands and waters.
Hooray! The Government is Handing out Free Money
(Michael Busler) If you and your spouse had income of $150,000 or less last year, you are about to receive another windfall from the Federal government. It will be $5,600, counting the free money for your two kids, your wife and you. It doesn’t matter that you didn’t suffer any income loss this past year. The money is there for you to spend as you please.
The Vatican Says They’re Broke. Are they?
(Scott Boyd) Billions are hurting across the world. But the Vatican’s financial woes seem huge. Are they really?
Pork or Economic Boost? Here’s What’s in the $1.9t Stimulus Plan
(Paul Vigna) The Senate is expected to begin debate today on the $1.9 trillion COVID-19 relief bill that passed the House last week.
The Great Reset is Coming for the Currency
(Stefan Gleason)As the Great Reset proceeds from globalist think tanks and technology billionaires to allied media elites, governments, schools, and Woke corporations, what will be “reset” next?
Funny ‘Help Wanted’ Sign Has Liberals Turning Purple With Rage, Conservatives Laughing
(Steve Straub) Here is by far, hands down, what we think is the very best ‘help wanted’ type signs of all time:
Dems Succeed in Pushing Joe Biden’s $1.9 Trillion Bill Through Divided Senate on Strict Party-Line Vote
(Steve Straub) The Senate on Saturday passed President Joe Biden’s $1.9 trillion COVID-19 relief plan in a party-line vote after an all-night session that saw Democrats battling among themselves over jobless aid and the Republican minority failing to push through some three dozen amendments.
Senator Rand Paul Forces Dems to Remove Relief Bill Provision That Would Have Funded Planned Parenthood
(Cassandra Fairbanks) Senator Rand Paul forced Democrats to remove a coronavirus relief bill provision that would have allowed every Planned Parenthood in the nation to receive money through the Paycheck Protection Program.
“We are declaring ourselves open for business”…Over 600 Restaurant Owners in California Town Defy Shutdown Orders
(Leisa Audette) In Carlsbad, California, restaurant owners defied public health orders and are not waiting for permission to reopen indoor dining. Most of the restaurants in the California town are now open inside and outside. These Americans aren’t waiting for the governor of their state to approve the move. They say they’re opening and never going back.
Biden Beaten: Senate Parliamentarian Rules That $15 Minimum Wage Not Included In Relief Package
(Ryan Ledendecker) Shockingly, the Senate parliamentarian dealt a major blow to President Joe Biden and his administration today.