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The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
Vietnamese real estate tycoon Truong My Lan was sentenced to death by a court in Ho Chi Minh City in the country’s largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 billion, or nearly 3% of the country’s 2022 GDP.
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Mortgage rates spike +0.23 to 7.29% after inflation data is released …
U.S. 10 Year Treasury jumps +0.141 to 4.507%
Avg 30 yr fixed mortgage rates make another big move higher…
Rates have to go higher to attract investors to the risk, unless the Fed starts printing… pic.twitter.com/b9xABI04mo
— Wall Street Silver (@WallStreetSilv) April 11, 2024
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“They are coming.”
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Australia’s Banks Are Already Refusing Cash Withdrawals For Their Customers:
“I thought it was absolutely crazy”
“How can you go to a bank and not get your own money out?”
“I thought she misheard what I wanted”
“What’s in the bank if there’s no cash?”
“They just said”… pic.twitter.com/1FgoRhUdvN
— Wall Street Silver (@WallStreetSilv) April 10, 2024
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McDonald’s $25 ‘deal’ goes viral.
People blame California’s minimum-wage increase.
This is the new normal.
Fast food is no longer cheap.
— Wall Street Silver (@WallStreetSilv) April 11, 2024
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How does Nancy Pelosi have a net worth of over $150 MILLION while only making an annual salary of $223,500 in congress?
Insider trading perhaps?
… music pic.twitter.com/k57NavsXqA
— Wall Street Silver (@WallStreetSilv) April 11, 2024
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“We’re approaching the point where high inflation is bound to still be in voters’ minds when they head to the polls, regardless of how the price figures come in over summer.”
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Get ready for $100 oil and $150 fill-ups.
Bloomberg blames geopolitical tensions, OPEC cuts, and Ukraine drones for soaring oil.
But given all commodities are on a tear — gold’s up 15% — the real puppetmaster is the Federal Reserve.
Now, the Fed’s frog-marching a coalition of… pic.twitter.com/oHdDl7mf78
— Peter St Onge, Ph.D. (@profstonge) April 10, 2024
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Why are people so worried about TikTok when the CCP is getting access to all of our credit card data from Visa and Mastercard? https://t.co/CpGPx4rcjz
— Wall Street Silver (@WallStreetSilv) April 9, 2024
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“I’ve had 5 uber drivers tell me they’re no longer staying in Toronto, Canada”
“How can the average person afford this country anymore?”
“Interest rates are high”
“Inflation is high”
“What’s going to happen to our city in the next 5 years?”
“Canada is no longer the top 10… pic.twitter.com/uSYVNvgt57
— Wall Street Silver (@WallStreetSilv) April 10, 2024
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Long Island’s North Fork epitomizes New York’s severe housing crunch, with home prices surging by 50% to nearly $1 million, and available listings plummeting by 60% for its 50,000 residents.
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“There is no plan B this time,” he said. “The main policy will be hope – hope that UBS doesn’t get into trouble. But hope is not a strategy.”
When Credit Suisse failed, they had UBS to do a merger to paper over the problem. If UBS gets into trouble, there is no backup plan. pic.twitter.com/d8EdjhVB6P
— Wall Street Silver (@WallStreetSilv) April 10, 2024
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The government wants your money.
It will beg, steal or borrow if necessary, but it wants your money any way it can get it.
This is what comes of those $1.2 trillion spending bills: someone’s got to foot the bill for the government’s fiscal insanity, and that “someone” is the U.S. taxpayer.
The government’s schemes to swindle, cheat, scam, and generally defraud taxpayers of their hard-earned dollars have run the gamut from wasteful pork barrel legislation, cronyism and graft to asset forfeiture, costly stimulus packages, and a national security complex that continues to undermine our freedoms while failing to making us any safer.
Americans have also been made to pay through the nose for the government’s endless wars, subsidization of foreign nations, military empire, welfare state, roads to nowhere, bloated workforce, secret agencies, fusion centers, private prisons, biometric databases, invasive technologies, arsenal of weapons, and every other budgetary line item that is contributing to the fast-growing wealth of the corporate elite at the expense of those who are barely making ends meet—that is, we the taxpayers.
According to the number crunchers with the Committee for a Responsible Federal Budget, in order to spend money it doesn’t have on programs it can’t afford, the government is borrowing roughly $6 billion a day.
Basically, the U.S. government is funding its existence with a credit card.
Let’s talk numbers, shall we?