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The price of Bitcoin was rangebound on early Friday around the $56k handle. The world’s largest cryptocurrency then spiked when the kneejerk read of the November payrolls came in as very disappointing, seen as postponing the Fed’s plans to accelerate the taper but then began to decline during the US cash session to about $54k-$53k […]
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From Asia Times We’ve all heard of the arms race, the space race, and even the peace race. But there’s one race that’s completely off the general public’s radar: who will be the first to mine Helium-3 in space in significant quantities in order to try to develop nuclear fusion reactors that do not create […]
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Weather observer Electroverse is forecasting a “severe blast” of Arctic air to encompass parts of the US Lower-48 beginning late next week. Cap Allon, Electroverse’s editor, wrote a note Tuesday which outlines how a possible Arctic air mass will pour into the U.S. from Canada beginning on Nov. 18. Allon said, “a word of caution, though: this forecast is still […]
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From medium I have a simple question for every ‘expert’ who thinks they understand the root causes of the shipping crisis: Why is there only one crane for every 50–100 trucks at every port in America? No ‘expert’ will answer this question. I’m a Class A truck driver with experience in nearly every aspect of […]
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By @Bit_hedge As the political discussion around stablecoins continues to rage on, one could be forgiven for not knowing how it’s played out in actual crypto markets which this month for the first time saw open interest in stablecoin-margined Bitcoin futures surpass that of their crypto-margined counterparts. Before stablecoins mimicked Bitcoin’s rocket to $60,000+ with their […]
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From ZH Former President Donald Trump’s new media enterprise – Trump Media & Technology Group – is already worth an implied $8.2 billion following last week’s buying frenzy following the announcement of it’s special purpose acquisition company (SPAC), Digital World Acquisition Corp. (ticker: DWAC). Shares in DWAC had been hovering around $9 before Wednesday’s announcement, before rising […]
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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. Even its serious proponents — who are not […]
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Authored by Charles Hugh Smith via OfTwoMinds blog, The era of abundance was only a short-lived artifact of the initial boost phase of globalization and financialization. Global corporations didn’t go to all the effort to establish quasi-monopolies and cartels for our convenience–they did it to ensure reliably large profits from control and scarcity. Not all scarcities […]
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Earlier this week, with Fed hawks suddenly dropping like flies following the resignations of Boston and Dallas Fed presidents, Rosengren and Kaplan, amid a public outcry over their recently-revealed daytrading activities which benefited them as a direct result of monetary policy decisions they were explicitly and directly involved in, we joked that if the Fed wants to […]
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From ZH China expanded its escalating crackdown on cryptocurrencies on Friday when its central bank declared that all activities related to digital coins are “illegal” and must be banned. In a statement the People’s Bank of China said the latest notice was to further prevent the risks surrounding crypto trading and to maintain national security and social […]
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