from The Salty Cracker:
TRUTH LIVES on at https://sgtreport.tv/
With China’s Economy On “Verge Of Collapse”, PBOC Central Banker Calls For Helicopter Money
from ZeroHedge:
As Bloomberg’s Garfield Reynolds writes in the aftermath of last night’s unexpected Chinese rate cut, while the nation’s economic struggles were (finally) severe enough for the authorities to respond with their biggest interest-rate cut since the pandemic, it will be nowhere near powerful enough to help spark a turnaround.
For a start, Reynolds writes, that scope “is rather less impressive when you realize the reduction in the rate on one-year PBOC loans — or medium-term lending facility — was all of 15 basis points. Most central banks faced with the sort of slowdown China is facing might well decide to cut by three times as much or more.”
New BRICS Currency Bad for Dollar – John Rubino
by Greg Hunter, USA Watchdog:
Analyst and financial writer John Rubino has a new warning about the fate of the U.S. dollar with the announcement next week (Aug 22–24) of the new BRICS (Brazil, Russia, India, China and South Africa) currency. There has been lots of speculation about it. Will it work? Is it gold backed? Will it immediately replace the U.S. dollar? 30 countries in all have signed onto the BRICS currency experiment. Rubino contends, “No matter what shape it takes, the new BRICS currency is bad for the dollar. . . . You don’t want to be an enemy of the U.S., but neither do you want to be a target just because you are doing what you think is right in the world. . . then the U.S. comes in and destroys your banking system. That is now a real possibility for a lot of countries. If you take the BRICS countries . . . and you add in all the other countries who want to join the BRICS coalition, and that includes Saudi Arabia and Mexico, you take all those countries together and, basically, you have half the world’s population and half the world’s GDP. So, this is not trivial. This is a major potential currency block, or trading block that is a real threat to U.S. dominance in the world. The sad fact is it’s our fault. The U.S. made this bed, and now we have to lie in it. We blundered around the world starting wars, overthrowing governments and bombing anybody that gets in our way. The world is just about at the point where it’s done. Regardless of what is going to happen at the BRICS meeting next week, it’s part of a trend of countries looking for ways to avoid dependence on the dollar and the dollar centric financial system. We could be seeing the end of U.S. dominance . . . dollars will still be used for trade, but the peak of the dollar could be happening before our eyes right this minute.”
GEE, WHAT A “COINCIDENCE” 
from Mark Dice:
TRUTH LIVES on at https://sgtreport.tv/
Wall Street Mega Banks and Their Disgraceful Bailout Charts Since the Repeal of the Glass-Steagall Act in 1999
by Pam Martens and Russ Martens, Wall St On Parade:
The Bill Clinton administration’s repeal in 1999 of the 1933 Banking Act, commonly known as the Glass-Steagall Act, ushered in the greatest kleptocracy America has ever known.
The Cambridge dictionary defines “kleptocracy” as: “a society whose leaders make themselves rich and powerful by stealing from the rest of the people.” In fact, the actual goal of repealing Glass-Steagall was to do just that.
Meet The Man That Has Bet A Billion Dollars That The Stock Market Is Going To Crash
by Michael Snyder, The Economic Collapse Blog:
Would you be willing to bet a billion dollars that stock prices are going to collapse? Needless to say, only an extremely small fraction of the population has that much money. And once you have accumulated a billion dollars, one would think that you would be extremely determined to protect it. But that is not what Michael Burry is doing. During the financial crisis of 2008, his massive bets against the housing market made him incredibly rich, and now he is making another “big short”. According to CNN, Burry has bet over 1.6 billion dollars that the stock market is going to crash…
Video: RFK Jr. Warns Of Thousands Of “DEATH SCIENTISTS” Developing Killer Microbes In America
by Paul Joseph Watson, Summit News:
“We are making bioweapons.”
During an interview with Tucker Carlson, presidential candidate Robert F. Kennedy Jr warned that there are thousands of so called ‘scientists’ developing killer bioweapons inside America without oversight.
The topic was raised when the pair began to discuss biolabs in Ukraine, with Kennedy noting that the U.S. “has biolabs in Ukraine because we are making bioweapons.”
Drugs or Dog Food Now That Student Loans Are Due with John Rubino
by Kerry Lutz, Financial Survival Network:
In this show, Kerry and John Rubino discussed a range of topics, including the impact of rising student loan debt on credit card balances, the benefits and risks of writing covered calls on certain stocks, and the consequences of San Francisco and California’s experiment with legalizing crime and camping on the streets. They also discussed the severity of China’s real estate crisis, the ongoing Russia-Ukraine war, the recent wildfire in Hawaii, the changing nature of rebellion and protest art, and the recent lawsuits against Facebook for censorship. Throughout the conversation, the speakers shared their personal experiences and opinions on each topic, highlighting the complexity of the situations and the potential impact on the global economy and society. They emphasized the need for unity and change in the face of exploitation and injustice, and expressed hope that the courts will protect their rights and come down on the side of the First Amendment.
And There It Is – Hawaii Gov. in Aftermath of Deadly Maui Wildfires: “I’m Already Thinking of Ways for State to Acquire That Land”
by Kyle Becker, Becker News:
The Hawaiian governor Josh Green revealed plans for the state to potentially purchase properties in the seaside town of Lahaina, which was devastated by the deadliest wildfire in modern U.S. history.
“I’m already thinking of ways for the state to acquire that land so that we can put it into workforce housing, to put it back into families, or make it open spaces in perpetuity as a memorial to the people who were lost,” Green commented amid the ruins.
Tree Euthanasia? Climate Alarmists Now Warn That Our Forests Will Worsen Global Warming
by Selwyn Duke, The New American:
Back in the 1970s, when trees became almost a protected class, we heard that we had to ditch paper supermarket bags (and move to plastic) because we were decimating too many forests. Now, 50 years later, with more tree cover in the U.S. than a century ago, the greentopians have another complaint:
American forests will become CO2 emitters by 2070, they aver, joining 10 protected forests worldwide that already are net spewers of the gas.
Reflecting the complaints many misanthropic leftists have about people, the issue is that as trees age they become takers: Their growth slows and they use less CO2. In fact, the amount metabolized is lower than that produced by wildfires and dead-tree decomposition.
Ballot Harvesting — Only The Brain Dead Believe It Now!
by Jay Valentine, American Thinker:
The world of U.S. election fraud tactics changed forever — in the most fundamental of ways — last week with the Gateway Pundit publication of the alleged 2020 Michigan ballot manufacturing factory.
Days later, the Michigan Secretary of State confirmed that indeed this event did take place, adding a little different spin — the system caught this fraud before it impacted an election. Interesting that now, three years later, an admitted massive election fraud event did occur — yet not one person has been jailed. Not one prosecuted. Not one indicted. Crickets!
Read more: https://www.americanthinker.com/articles/2023/08/ballot_harvesting__only_the_brain_dead_believe_it_now.html#ixzz8AW2kgn7G
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Biden Allowed Major Donor to Hand Advanced Military Tech to China
by Daniel Greenfield, FrontPage Mag:
“When I was in another State they would slip and say ‘now I want to introduce the Senator from DuPont–I mean Delaware’”, Joe Biden had joked at a Senate Subcommittee on Crime session.
There’s a certain truth to the joke. DuPont is the corporation that defines Biden’s career. His first Senate bid was staffed with DuPont employees, including future chief-of-staff and senator Ted Kaufman, who was conveniently allowed to take a “leave of absence” from DuPont to help elect Biden. Biden celebrated his victory at the Hotel DuPont and bought a former DuPont mansion.
