from Sarah Westall:
TRUTH LIVES on at https://sgtreport.tv/
Liberal Utopia: Two-Mile-Long Vehicle Encampment Spotted In California
from ZeroHedge:
The growing number of homeless encampments has spread like wildfire throughout the San Francisco Bay Area. For years, lawmakers in the state have implemented progressive policies that have backfired, sparking a multitude of crises, including soaring crime, rising homelessness, out-of-control drug overdoses, and population and business exodus.
One of the latest examples of implementing failed progressive policies is the inability to effectively address the homelessness and drug crisis on a two-mile stretch of road in Marin County, California, overrun by cars, tents, RVs, and trailers parked on the side of the road.
Homeless Encampments Are Exploding In Size All Over America As Rents Soar And Evictions Surge
by Michael Snyder, The Economic Collapse Blog:
Communities all over the United States are being taken over by giant homeless encampments, but we are supposed to believe that this is perfectly normal. The Biden administration is trying very hard to convince all of us that the economy is in fine shape even though many of our most prominent corporations are currently conducting mass layoffs and even though Challenger, Gray & Christmas is telling us that the number of jobs cuts during the first three months of this year was up 396 percent compared to the same period last year. Just like in 2008 and 2009, large numbers of people that have lost their jobs or their businesses are ending up living in the streets, and as a result homeless encampments are absolutely exploding in size from coast to coast.
California panel approves reparations proposal of up to $1.2 million EACH for black residents… but activists demand more than $200 million at heated public meeting
by Kamal Sultan, Daily Mail:
- California’s reparations task force approved recommendations which could give black residents $1.2million each as compensation for slavery and discrimination
- But activists believe it is ‘nowhere near enough’ and demanded $200million as some called it a ‘further injustice’ and others called for direct cash payments
- Previous calculations from economists predicted the reparations could cost around $800billion- more than twice California’s $300 billion annual budget
Retailers abandon downtown San Francisco in droves. Nordstrom is the latest, signaling the death of the area.US Debt: Net Interest to Exceed $700B by November
by Peter Schiff, Schiff Gold:
The chart below shows the gimmicks the Treasury has been using to manage the debt while the debt ceiling keeps a lid on new issuance. The primary gimmick used is pillaging government retirement funds which hold non-Marketable debt. In April, the government replenished some of what has been taken by retiring public debt (mostly short-term) as tax receipts increased cash available to the Treasury. They will most likely tap back into this next month as the government gets closer to running out of money.
Unicoin: “Universal Monetary Unit” Paves the Way to Global Currency
by Marie Hawthorne, Activist Post:
In March, Daisy wrote about FedNow, the instant payment system currently in the works. The American banking and government systems expect to start using it in July. As Daisy discussed, FedNow isn’t a central bank digital currency (CBDC), but it provides the framework for one.
I encourage you to read Daisy’s FedNow article. It will give you a good idea of how digital payments will be initially billed as a convenience, then something we can’t do business without. Read the article, and then imagine digital currency on a global scale.
This is in the works, too.
PART 2 – Smoking Guns: Nord Stream Sabotage ‘Secret Teams’ Revealed
from 21st Century Wire:
Get comfortable as you are about to embark on Part 2 of our investigative report into the Secret Team behind the Nord Stream pipeline sabotage operation. Despite facing the large swell of propaganda coming from the legacy media and their sudden renewed interest in the Nord Stream attack, we hope readers will appreciate the evidence-based, more realistic picture presented here regarding what an actual CIA-backed covered operation entails, as we identify the likely players, aiders and abetters from participating NATO members states.
In Only 4 Months in 2023, There Have Been 70 Major Bankruptcies
by Jose Nino, Big League Politics:
According to Mike Shedlock of Mish Talk, there have been 70 bankruptcies through April of 2023.
For perspective, in 2009, 118 bankruptcies took place through April. During the height of the Wuhan virus in 2020, there were 71 bankruptcies through April.
Shedlock listed off some of the most prominent companies to file for bankruptcy in the fourth month span in 2023:
Six Consecutive Withdrawals From SLV
by Ed Steer, Silver Seek:
The gold price wandered quietly sideways until around 12:30 p.m. China Standard Time in GLOBEX trading on their Friday afternoon — and from there it was sold quietly lower until the the commercial traders of whatever stripe pulled their bids when the jobs report was released at 8:30 a.m. in New York. Its low tick was set at, or minutes after, the 10 a.m. EDT afternoon gold fix in London — and its ensuing rally ran into ‘something’ around 12:45 p.m. It then traded quietly sideways to a bit higher until the market closed at 5:00 p.m. EDT.
Utter Chaos at the Short End of the Treasury Market and at the 28-Day Treasury Bill Auction: A Deep Dive
by Wolf Richter, Wolf Street:
Investors exacting their pound of flesh for the risk of a default “as early as” June 1.
The chaos has been going on for weeks. And then it got funny at the Treasury auction on Thursday. Back on April 20, I marveled that the totally crazy 164-basis-point spread between the one-month and two-month Treasury yields: the one-month yield collapsed to 3.4% in just days (from 4.8%), while the two-month yield was just fine, ticking up past 5%. A plunging yield means that the price is surging amid huge demand. Investors were piling into a safe asset that will give them their money back in about a month, before June. What might happen in June? The US might default. That was the calculus back then.
This Is How To Start A War With Russia!
from The Jimmy Dore Show:
TRUTH LIVES on at https://sgtreport.tv/
