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Saturday, December 3, 2022

Elon Musk announces general amnesty to all banned accounts.

'The people have spoken,' declared Musk some 24 hours later on Thursday. 'Amnesty begins next week. Vox Populi, Vox Dei.' 

Elon Musk announced on Twitter that he intends to lift the suspension of numerous Twitter users in a general amnesty to those who violated the site’s rules — many of whom may have been banned from the platform for spurious, or political reasons. 

Musk first took a poll on Wednesday asking Twitter users, “Should Twitter offer a general amnesty to suspended accounts, provided that they have not broken the law or engaged in egregious spam?” Over 70% of respondents voted “Yes.” “The people have spoken,” declared Musk some 24 hours later on Thursday. “Amnesty begins next week. Vox Populi, Vox Dei.” The Latin phrase means “the voice of the people is the voice of God.” 

Users who did not perform the most egregious violations on the website, such as breaking the law by engaging in threats of violence or posting child sexual materials, can expect to see their accounts reinstated as early as next week. Musk’s promise of amnesty brought about a barrage of articles in the establishment media declaring his actions to be “harmful,” with the potential to endanger marginalized groups on Twitter. 

A Washington Post article penned by Taylor Lorenz cited numerous far-left activists, including one who actively engages in threats of violence against critics of so-called “gender affirmation” procedures, to call for Apple and Google to take action against Elon Musk by removing Twitter from their app stores. 

Other articles published on ABC News, the Associated Press, and other outlets claimed the same, declaring that “online safety experts” predict a spur in hate speech and misinformation on Twitter in response to the amnesty. “Online monitoring groups have reported a rise in racism, anti-Semitism and other hate speech on Twitter since free speech advocate Musk completed his $44 billion acquisition of the social media company last month, though the billionaire said Thursday it has declined,” reported Axios. Imran Ahmed, the CEO of an activist organization called the Center for Countering Digital Hate, claimed that the move will cause “superspreaders of hate, abuse and harassment” to emerge on the platform, declaring that they “will be the only people to benefit from this latest decision by Twitter.” 

Musk himself has confirmed that under Twitter’s previous regime, censorship was only deployed against conservatives — and not those on the far-left. “We don’t hear much about Democrats and leftists being let back on Twitter. Why? Because they were never kicked off in the first place. Their lies and misinformation simply escaped all scrutiny. 

Censorship has been deployed as a one-way operation against conservatives,” wrote conservative commentator Dinesh D’Souza. “Correct,” replied Musk.

Thursday, October 27, 2022

Elon Musk Releases Letter to Advertisers – Explains Why He Purchased Twitter

“I Did It to Try to Help Humanity, Whom I Love” – Elon Musk Releases Letter to Twitter Advertisers – Explains Why He Purchased Social Media Giant, Elon Musk’s purchase of Twitter is happening. Banks have started moving billions in cash backing Musk’s takeover of the far left social media giant. Elon Musk entered Twitter headquarters on Wednesday carrying a sink. He is expected to take control of the social media giant by Friday.
On Thursday morning Elon Musk explained why he purchased Twitter and his plans for the platform. Elon opened with this, in today’s tweet: Elon Musk: There has been much speculation about why I bought Twitter and what I think about advertising. Most of it has been wrong. The reason I acquired Twitter is because it is important for the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently a great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society… That is why I bought Twitter. I didn’t do it to make more money. I did it to try to help humanity, whom I love. And I do so with humility, recognizing that failuer in pursuing this goal, despite our best efforts, is a very real possibility. Read Elon’s entire statement below.
The left is going to lose it. They fear a level playing field.

Monday, October 24, 2022

China’s economy will not overtake the US until 2060, if ever

As we enter the third term, Xi JinpingThe goal is to make China a moderately developed country in the next decade. This means that the economy should expand at a rate of about 5%. However, underlying trends such as poor demographics, high debt and declining productivity growth suggest that the country’s overall growth potential is about half that rate. The implications of China growing at 2.5% are not yet fully digested, including in Beijing. For example, assuming the U.S. maintains a growth rate of 1.5% with similar inflation and a stable exchange rate, it won’t be until 2060 that China overtakes the U.S. as the world’s largest economy. Long-term growth depends on more workers using more capital and using it more efficiently (productivity). With a declining population and slowing productivity growth, China has grown by injecting more capital into its economy at an unsustainable rate. China is now a middle-income country, at a stage where many economies will naturally begin to slow given their higher base. Per capita income is now $12,500, one-fifth of her in the United States. There are now 38 developed countries, all of which have grown beyond her $12,500 income level in the decades following World War II. Only 19 companies grew more than 2.5% over the next 10 years, which was achieved with the help of more workers. On average, the working-age population increased by 1.2% per year. Only two of her countries, Lithuania and Latvia, had a decreasing workforce. China is an outlier. China will become the first large middle-income country to sustain gross domestic product growth of 2.5% despite a decline in its working-age population that began in 2015. In China, this decline is steeper and tends to shrink at an annual rate of close to 0.5. percent in the coming decades. Next is debt. Debt (including governments, households and businesses) averaged 170% of GDP in her 19 countries, which maintained her 2.5% growth after reaching China’s current income level. No country was as indebted as China. Before the 2008 crisis, China’s debt was stable at around 150% of GDP. He then began pumping credit to boost growth, and by 2015 debt surged to 220% of his GDP. Insolvency usually leads to a sharp slowdown, and the Chinese economy slowed in his 2010s, by only 10% to 6%. — less dramatic than past patterns predict. Total debt reached up to 275% of GDP, much of which was invested in the property bubble China avoided a more severe slowdown thanks to a booming tech sector and, more importantly, issuing more debt. Total debt reached up to 275% of GDP, much of which was invested in the property bubble. While capital—mainly real estate investment—has helped boost GDP growth, productivity growth has halved to 0.7% over the past decade. Capital efficiency has collapsed. China now has to invest $8 to generate $1 of GDP growth, twice her level a decade ago and the worst of any major economy. In this situation, 2.5% growth is achieved. Even if he maintains basic productivity growth at 0.7%, it hardly offsets population decline. To achieve 5% GDP growth, China needs capital growth rates close to her 2010s. Most of that money was spent on physical infrastructure such as roads, bridges and housing. Overall capital growth could return to around 2.5% given the scale of the housing collapses. The consensus, of course, is that China can meet the targets set by the government, but the consensus projection is that Chinese slowdown In recent years, including this one, growth is likely to fall below 3%. Around 2010, many prominent forecasters thought the Chinese economy would overtake the US economy on a nominal basis by her 2020. By 2014, some economists argued that China was already the world’s largest economy in terms of purchasing power parity. This is a configuration based on theoretical currency values and has no meaning in the real world. These theorists argued that the renminbi was severely undervalued and should appreciate against the dollar, demonstrating the dominance of the Chinese economy. Instead, China’s currency has depreciated and its economy remains one-third smaller than the United States in nominal terms. If anything, the optimistic forecast of 2.5% points to heightened tensions between China and its main trading partners, increased government interference in the most productive private sector, technology, and an increase in debt burdens. It downplays risks to growth, such as growing concerns. China’s 2.5% growth rate has significant implications for its economic, diplomatic and military superpower ambitions. The chances of China shrinking are higher than the world still realizes.
source here

Saturday, October 1, 2022

BIDEN ECONOMY: Stocks Endure Worst September Since 2002 in the Worst Year for the Markets Ever!

The Biden economy is a nightmare. The markets showed it yesterday as the month of September 2022 is now in the books. 

Here are some observations of the markets pointed out yesterday.

Market Watch reported on the market results in September being their worst since 2002.

It was a September investors will remember — and not in a good way.

A Friday drop left the S&P 500 and Dow Jones Industrial Average with their biggest monthly losses since March 2020. And it was the worst September performance for both indexes since 2002. Seasonally inclined investors may wonder what that means for October.

Yahoo Finance noted that to date, 2022 is the worst year for the major markets since 2008 during the Great Recession.

In the first nine months of 2022, Wall Street suffered three straight quarterly declines, the longest losing streak for the S&P and the Nasdaq since the Great Recession and the Dow’s longest in seven years.

Trades-academy notes that the DOW and S&P 500 are in bear market lows.

Dow Jones futures will open Sunday night, together with S&P 500 futures and Nasdaq futures. The key indexes fell solidly previously week, capping a horrible September. The S&P 500 index and Dow Jones are at bear market lows, with the Nasdaq on the verge of doing so. Treasury yields backed off from 4%, however prolonged their weekly win streak.

The DOW is having its worst year ever. If this current pace keeps up, it will be the worst year ever.

On January 20, 2021, the DOW closed at 31,188. On Friday, September 30, 2022, the DOW closed at 28,725. This is a more than a 2,400 point drop for the DOW since Biden stepped into office. 

The DOW is currently down 7,613 points this year alone (the DOW was at 36,338 on December 31, 2021).

The worst year prior to 2022 was 2008 when the DOW was down 4,488 points. 

2022 is currently the worst year in US stock market history and Americans are seeing it in their 401ks.

The War Room yesterday discussed the status of Biden’s economy and the picture is horrific.

Expert analysts are putting their money in cash instead of bonds and equities with the goal of a “return of capital” not even a “return on capital”.

This was an excellent analysis of what is going on under this American-hating and incompetent regime.

Monday, September 19, 2022

More Downward Days" That Could Ultimately End up being a "Huge Flush"

A "Couple of Additional Downward Days" That Could Ultimately End up being a "Huge Flush" - Investors to Fed Rate Increment Anticipated For this present Week

Investors are getting ready for the business sectors to endure more shots this week after the Fed meets and increments rates again with an end goal to reduce expansion.

The Biden economy is a wreck and deteriorating. The Fed is supposed to meet this week and increment financing costs by up to 1%. This would end the economy however many accept preventing expansion from going crazy is important

Investors talked with at the Market Watch shared:

Investors became acclimated to "the tailwind for more than 10 years with falling loan costs" while searching for the Fed to step in with its "put" should the going get rough.

“I think (now) the Fed message is ‘you’re not gonna get this tailwind anymore’,” Courtney told MarketWatch on Thursday. “I think markets can grow, but they’re gonna have to grow on their own because the markets are like a greenhouse where the temperatures have to be kept at a certain level all day and all night, and I think that’s the message that markets can and should grow on their own without the greenhouse effect."

In the mean time, the Fed's forceful position implies investors ought to be ready for what might be a "couple of additional everyday cuts descending" that could ultimately end up being a "last large flush," said Liz head of venture procedure at SoFi, in a Thursday note.

“This may sound odd, but if that happens swiftly, meaning within the next couple months, that actually becomes the bull case in my view,” she said. “It could be a quick and painful drop, resulting in a renewed move higher later in the year that’s more durable, as inflation falls more notably.”

Individuals are attempting to live with 10% expansion however it is getting extreme.

Very few Americans have a lot of confidence that Jerome Powell can effectively stop this expansion rocket transport.

Americans are feeling the Biden expansion torment. Costs are mind blowing and Americans know it.

Biden couldn't make a more regrettable showing in the event that he attempted. The US economy and all the other things is enduring an onslaught and being obliterated by the bad hooligans in the Biden Organization.

Thursday, January 10, 2019

Fed Chairman Powell Getting Cold Feet on Aggressive Policies

The Federal Reserve released minutes from the December Federal Open Market Committee meeting on Wednesday and it looks like the “Powell Put” might be in.

The minutes revealed a much more dovish sounding Fed as we move into 2019. Members of the FOMC indicated they could be “patient” with future rate hikes and said the future path of the central bank’s monetary policy is “less clear.”
What is clear is that Powell and company seem to be getting cold feet when it comes to continuing on an aggressive tightening policy. The question is why?
According to Reuters, the minutes revealed that “a number of” policymakers said that before raising interest rates again, it was important for the central to take stock of risks that had become “more pronounced in recent months.” In fact, a few FOMC members were apparently arguing for a pause in rate increases.
On the other hand, Fed members still seem optimistic about the US economy. The minutes indicated members generally think “the economy had been evolving about as they had anticipated.” They view the labor market as “strong.” FOMC members project continued economic growth and say inflation remains relatively “muted.”
Yet, the central bank appears to be waffling when it comes to normalizing rates. What gives?
A recent talk by Federal Reserve Chair Jerome Powell in Atlanta reflected the sudden dovish turn. Peter called the comments “tailor-made” for the stock market — and this may well reveal why the Fed has gone wobbly on rate hikes.
It’s almost as if he brushed up his script, somebody took him behind the barn and got his mind right, and he came out as an uber-dove. All he talked about was why the Fed is going to be patient. Patient now is back – patient in raising rates. The Fed is not worried about inflation. The Fed is not worried specifically about rising wages, about the low unemployment rate. None of this stuff, which would have concerned the Fed a few months ago, all of a sudden the Fed is not worried at all about any inflationary pressures in the market, about wage growth. Everything is fine.”
Powell also walked back statements he made last month about quantitative tightening being on “autopilot,” saying the Federal Reserve would not “hesitate to make a change” to its balance-sheet reduction plan if data showed that it was harming economic growth.
Basically, that’s what the market wanted to hear and that is what caused a rally to move into a higher gear and you saw the big rise in the stock market.”
I think Peter hit the nail on the head. Powell and company are telling the markets what they want to hear. The Powell Put is in. He wants to rescue the stock market. The hope is that a little dovish talk will ease investors’ concern and stabilize the markets.
Peter was actually talking about this last summer. Even before the stock market started to tank, Peter was saying that eventually, the Fed was going to have to give. This was back in August when everybody was focused on problems in emerging markets.
And the main reason that everybody believes the US dollar is going to continue to strengthen is because they believe the Fed is going to keep raising rates and shrinking its balance sheet. So, the longer the Fed is going to keep up the pretense that it’s going to raise rates and shrink its balance sheet, then it continues to put pressure on emerging markets and it continues to put pressure on the housing markets. So, ultimately, the Federal Reserve is going to have to give, and what the markets are going to have to start anticipating is the end of the cycle. Because even though the Fed is still talking about removing the monetary combination, there’s not much left that they can remove without the whole thing comes toppling down. In fact, the evidence is already there that the economy is weak, despite the refusal of the markets to acknowledge that. And clearly, Donald Trump wants to continue to pretend that the economy is strong.”
Fast forward to today. The stock market bubble has popped. There is even more pressure on the Fed to ease up on rate hikes. In fact, President Trump has been verballing hammering the Fed for months. The central bankers can talk about their political independence until they’re blue in the face. We all know that’s a myth. Powell has to feel that pressure. It would certainly account for the sudden dovish turn we see at the Fed.
Here’s the bottom line: even though Powell and company still think the economy is strong (It isn’t) and that should support continued monetary tightening, they believe propping up the stock market is a bigger priority. This paragraph from the minutes makes that pretty clear:
After taking into account incoming economic data, information from business contacts, and the tightening of financial conditions, participants generally revised down their individual assessments of the appropriate path for monetary policy and indicated either no material change or only a modest downward revision in their assessment of the economic outlook.”
The only thing that’s actually changed in the minds of FOMC members is conditions on Wall Street. But that matters.
So, the Powell Put is in.

Now, what’s going to happen when the central bankers actually figure out that the economy is about to follow the stock market into the valley?

Source: Here

Wednesday, July 25, 2018

4 or 5% ? Excitement builds for GDP on Friday Drudge Teases Excellent POTUS Economic Report

Media mogul Matt Drudge spread optimistic speculation on Tuesday, as The Department of Commerce is set to release its latest GDP report.
While he might have a source inside the White House (he’s frequently met with POTUS), the proprietor of DrudgeReport.com could have been clued-in by a Tuesday Trump tweet, in which the president alluded to the “best financial numbers on the Planet.”
Last week, the president even suggested the economy could be “better than it’s ever been.”
“If GDP does surpass 4% on a quarterly basis it will be the first time it has done so since the third quarter of 2014, when it registered 5.2% during Obama’s second term in office,” reports Fox Business.
A recent NBC News/Wall Street Journal poll found 50 percent of registered voters agree with the president’s handling of the economy.

 Source: Here

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