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The debt ceiling uncapped… we're going to be smothered!
The debt ceiling uncapped… we're going to be smothered!Insolentiae – May 31, 2023
Charles SANNAT's editorial
The worst will not happen, and objectively, the Republicans, finally the Republican "Speaker" Kevin McCarthy rather crashed and the agreement they theoretically reached between McCarthy and Biden leans without question for a victory almost by White House knockout.
Indeed, the debt ceiling is not raised by a few tens of billions, or even a few hundred.
No.
It is simply deleted.
What am I saying, it is suspended.
It is a "no limit" mode which is now possible for the White House... until 2025.
All this remains a provisional agreement insofar as it must be validated by the representatives in the House, but something happened in the United States.
When we look in detail at the planned agreement, overall nothing is happening. Social spending is not being cut, nor is environmental spending, let's just say they agreed to build more wind turbines and also more oil wells! But again, that's not important. Nor is ceasing to spend “Covid” funds economically meaningful.
So let's go to the essentials that this agreement does not say.
Don't tell you.
And that no one noticed.
But why switch to "no limit" mode and no more ceiling until 2025?
Why?
Why not add a limit of 2000 billion, come on, let's be crazy, the current debt is more than 31 billion dollars, we could even have added 000 billion dollars to give ourselves some slack.
Here, it's limitless.
The cap no longer exists for the next two years?
Why?
Last modification 54 there is
Total bank deposits falling in the United States!
Insolentiae – May 16, 2023
I'm not talking to you about bank deposits in regional banks that would take shelter in big banks, those too big to fail for example, no, I'm talking about total bank deposits.
I'm talking about the total amount held in banks by Americans.
This amount is falling.
And that's quite logical. For what ?
Because there are fewer loans granted, in particular by the regional banks which are suffering.
Thus, the credit you take out, for example, to buy your car or your house, is a deposit for the one you pay.
Less credits = less deposits.
I buy your house with money that I don't have and I borrow, but when I buy your house, I give you the money right away, even if it takes me 20 years to pay it off. the bank !
Less credits = less deposits.
It also works with the car you are going to resell, or of course with the machine supplier for a company that will buy its new machines on credit and the manufacturer will collect the amount immediately.
Credit makes deposits in large part.
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French wool ends in manure
French wool ends in manureReporterre - Dec 18, 2022
Breeders no longer know what to do with the wool, which has become almost unsaleable. The recovery sector has been destructured and relaunching a profitable activity on a large scale is proving complex.
The ram of Greek mythology was adorned with a golden fleece. Today, the wool from sheep in our countryside is not worth more than a few centimes a kilo... when it doesn't end up in manure. “This year, the bales of wool went for 15 cents per kilo. And again, the merchant only takes the best wool, says Rémi, breeder of some 700 ewes in Mornand-en-Forez in the Loire. I had two big sacks of rava wool, a breed with a lot of hair [long, stiff hair, not suited for textiles], he didn't want any. I used it as bedding for my cattle, so it ended up in manure. »
Last modification 54 there is
Switzerland wants to ban electric vehicles to avoid power outages
Switzerland wants to ban electric vehicles to avoid power outagesDigital Dawn - 04 Dec 2022
Switzerland could limit the use of electric vehicles (EVs) in the event of a power shortage this winter, as part of a new four-step plan to prevent blackouts and blackouts.
To ensure energy security this winter, Switzerland could become the first country to limit the driving and use of EVs, German daily Der Spiegel reports, citing multiple media outlets on Switzerland's four-step action plan to avoid power outages.
Driving EVs could be banned in Switzerland, except for "absolutely necessary journeys", according to the third stage of the energy saving plans. The country is also planning for a stricter speed limit on highways in the recently proposed action plan, which has yet to be adopted.
Switzerland generally imports electricity from France and Germany to meet all of its electricity needs, but this year the supply from its neighbors is limited.
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Amazon lost $1 trillion in valuation, a record
Amazon lost $1 trillion in valuation, a recordEquality and Reconciliation - Nov 13, 2022
In just over a year, Amazon has lost more than half of its market valuation. Microsoft is also in a complicated situation
Amazon has become the first publicly traded company in the world to see its valuation fall by $1 trillion. Even more impressive, this fall occurred in an extremely short period of time: less than 000 months.
Amazon is now valued at $879 billion, a far cry from the $1 billion it was worth in July 880. The company had largely taken advantage of the health crisis to do well in 2021 and 2020, but is going through a much more troubled period right now.
Amazon is experiencing a sharp slowdown in e-commerce growth as consumers return to pre-pandemic habits. In addition, inflation weakens demand, while the costs of storing, packaging and transporting products increase [...].
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Military, energy and food crisis
Military, energy and food crisisInternational Network - Jul 9, 2022
At the beginning of June, the Center for Strategic and International Studies published an article1 which clearly describes a certain paradigm shift in the North American approach to the conflict in Eastern Europe.
It now seems entirely possible that Ukraine will not regain its territory in the east, that it will not receive the levels of aid it needs to rebuild quickly, that it will face continuing threats of Russia to the east which will limit its ability to recreate an industrialized zone, and that it will face major problems in terms of maritime trade.
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Is Spain on the brink of national bankruptcy?
Digital Dawn - June 04, 2022
Spain is not only one of the European countries where the covid hysteria has been successfully implemented, but also the fifth most indebted country in the world. State bankruptcy seems to be at hand.
This is why the left socialist government is in the process of passing a law authorizing the expropriation of private property and a “corralito”.
This last point means that the state can access the savings that people have in their bank accounts. In these “crisis situations”, the citizen would only be entitled to withdraw small sums. The rest of the money could be “temporarily” confiscated. The maximum amount would be determined by the authority of the country concerned, explained the portal "La Información" in March 2021.
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The agenda for the Bilderberg Group meeting 2022 - 120 guests
Digital Dawn - June 04, 2022
The agenda for the 2022 Bilderberg Group meeting: Disinformation, de-globalization and disruption of the global financial system
Every year, the world's wealthiest and most powerful corporate executives, bankers, media executives, academics and politicians meet behind closed doors to discuss how to shape the world while perpetuating a status quo. quo which has been very beneficial for a handful of people. We are, of course, talking about the annual, and always very secretive, meeting of the Bilderberg Group.
The 68th Bilderberg Meeting is already underway in Washington, DC, and kicked off Thursday and will continue through Sunday.
Albert Bourla, CEO of Pfizer, Eric Schmidt, former CEO of Google, Henry Kissinger and William J. Burns, Director of the CIA, are among the 120 guests (click here for the full list) this year, hailing from 21 countries… but rare are the Russians.
“If the Bilderberg Group is not some conspiracy, it is run in such a way as to give a remarkably good imitation of it”
