1%, hyperinflation, quantitative easing, Revelatioin, wealth disparity
“The guaranteed basic income discussion is an important one. I think that conversation is one we should continue to have and think about.”
What’s universal basic income, you ask? Think helicopter money and magic money tree, on steroids.
And with that all discussions about rate hikes, “taperings”, or anything else for that matter is moot, because the only way the conversation about guaranteed basic income – where the Treasury sells unlimited amounts of debt to “fund” UBI, debt which is purchased by the Fed – makes any sense is if the Fed ensures that rates can never again rise. Which is why all those traders panicking about rising yields, or CTAs who are now shorting 10Y yields, and as the following chart from Goldman confirms, they are – just as we said they would once yields rose above 1.10%…]
Iran has started work on uranium metal-based fuel for a research reactor, the UN nuclear watchdog and Tehran said on Wednesday, in the latest breach of its nuclear deal with six major powers as the country presses for a lifting of US sanctions.
Iran has been accelerating its breaches of the deal in the past two months. Some of those steps were required by a law passed in response to the killing of its top nuclear scientist in November, which Tehran has blamed on Israel.
They are also, however, part of a process started by Tehran in 2019 of committing breaches in response to US President Donald Trump’s 2018 withdrawal from the deal and his reimposition of US sanctions that the deal lifted in exchange for restrictions on Iran’s nuclear activities.
The moves raise pressure on US President-elect Joe Biden, who takes office next week and has pledged to return the United States to the deal if Iran first resumes full compliance.
Iran wants Washington to lift sanctions first. Read More
Speaker Nancy Pelosi shocked many in Washington by appointing Eric Swalwell as a house managers in the impeachment of President Donald Trump as he continues to face calls for his removal from the House Intelligence Committee due to his alleged intimate relationship with a Chinese spy.
Swalwell has been hunkered down to avoid questions from the media and the public, but he will now be one of those prosecuting the case against the President. Read More
Zero Hedge, Pat Buchanan:
What are the specific grounds for impeaching Trump?
In the first draft of the resolution of impeachment, apparently, the crime is “incitement to insurrection.”
Yet, in his Wednesday speech on the mall, Trump declared, “We’re going to cheer on brave senators and congressmen and -women, and we’re probably not going to be cheering so much for some of them.”
Trump added, “Everyone here will soon be marching over to the Capitol building to peacefully and patriotically make your voices heard.”
Nowhere in Trump’s remarks was there a call to violence or to invade the Capitol building, or to engage in the mob criminality that took place under the Capitol dome Wednesday afternoon.
But the effort to disgrace and drive Trump from an office he will vacate in 10 7 days is only a part of the general purge that is underway against conservatives, Republicans and Trumpists.
Twitter and Facebook — the social media megaphones Trump has used to communicate with some 80 million followers — have terminated the president’s personal accounts.
Apple, Amazon and Google have cut ties to the social media website Parler, which is popular among conservatives.
The goal of Big Tech is censorship — to circumscribe Trump’s capacity to communicate with his followers, and then to cripple the capacity of the right to communicate with one another. Read More
Police in London are investigating a disturbing incident involving crosses that were painted on Jewish homes in a substance that appeared to have been blood.
A number of houses on a street in Stamford Hill — a district of North London with a large Orthodox Jewish population — were marked with a single cross daubed alongside the mezuzot on the doorframes.
Pictures of the vandalism were circulated online by the Shomrim, a Jewish community defense group.
The group called the vandalism a “hate crime” and “antisemitism” and claimed the perpetrator “appears to have used blood.” Read More
Happy Wednesday, intrepid travelers on the Kruiser Morning Briefing Way. The minstrels will be here at noon.
Obviously, the do-over isn’t happening. We’re going to have to wade through whatever slog the universe keeps throwing at us.
One of the unfortunate by-products of being on the side of the political aisle that isn’t a hive mind is that one often finds oneself at odds with members of one’s own party. That’s something the Democrats rarely have to deal with. Yeah, they have their little spats but they play nice when it counts. Alexandria Ocasio-Cortez and her Squad have enjoyed giving Nancy Pelosi grief since they got into office but they all voted for her re-election as Speaker.
It’s that way with legislation too. When the Democrats need the votes, the majority of the time they’ll bury a hatchet or two and do what’s needed.
Republicans aren’t like that, and a lot of that has to do with — you guessed it — the media. Democrats get love from the media no matter what they do. Not so much with the Republicans, of course. The weaker among us are tempted by occasional flashes of attention from the media. There’s a formula to getting the attention: all they have to do is side with the Democrats.
The Republicans who like to go begging for favor from the mainstream media will always tell you that they’re driven by conscience and deep principles.
That, my friends, is a trainload of hooey.
The passport, created by biometrics firm iProov and cybersecurity firm Mvine, will be issued as a free app and will allow users to prove digitally if they have had their first or second jab – or no jab at all.
Though the Department of Health said there were ‘no plans’ to introduce vaccine passports, the Government’s own science and research funding agency Innovate UK has already pumped £75,000 into the project. Read More
According to SANA, the “Israeli enemy carried out an air aggression on Deir Ezzor City and al-Bukamal” in southeastern Syria at 1:10 AM Wednesday.
The London-based Syrian Observatory for Human Rights reported Wednesday morning about intense Israeli raids that targeted military sites of the Syrian regime forces and Iranian militias in Deir Ezzor, on the Syrian border with Iraq.
The Center, which is affiliated with the Syrian opposition, claimed that at least 23 people were killed and 28 injured in the overnight attack attributed to Israel. According to the report, seven Syrian soldiers and 16 members of the pro-Iranian militias were killed.
Al-Alam, an Arabic news channel broadcasting from Iran and owned by the state, reported that more than 18 sites had been targeted.
Al Mayadeen, a TV channel broadcasting from Lebanon and affiliated with Hezbollah, reported about repeated explosions heard on the Syrian-Iraqi border, apparently from airstrikes on Syrian territory. Read More
