(News Editors) WASHINGTON (AP) — Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy.
finance
Chase Bank Says It ‘Made an Error’ Sending Credit Card Cancellation Letter to Gen. Flynn: Report
(Natural News) Retired General Michael Flynn received a letter from Chase Bank explaining that doing business with his household was a “reputational risk to our company.”
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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…
Rep. Jim Jordan: Democrats’ Big Tech Bills Are ‘Going to Make a Bad Situation Worse’
(Natalia Mittelstadt) The Democrats’ new Big Tech bills are “going to make a bad situation worse,” warns Ohio Republican Rep. Jim Jordan.
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.
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US Mint Postpones Silver Coin Pre-orders amid Global Silver Shortage
(Virgilio Marin) The United States Mintdelayed pre-sales of its non-circulating silver coins amid a global silver shortage. In a statement on May 27, the bureau said that its supply of silver blanks is not able to keep up with the demand for its coins.
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.
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.”
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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.
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.
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.
Chinese Businessman Indicted For Stealing American Trade Secrets
(Natalie Winters) A Chinese businessman was indicted for conspiring to steal trade secrets from General Electric worth millions of dollars.
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.