After more than two centuries the US government has finally decided to kill the penny.
The Treasury Department will stop minting new pennies and putting them in to circulation by early next year.
The penny currently costs more than four times its value to make and the Treasury lost $85 million minting the coins last year alone … (Continue to full article)
Jamie Dimon – America’s Most Powerful Banker… Stuns With Warning US Faces Something Worse Than Recession
JP Morgan the Pirate (Jamie Dimon)
JPMorgan Chase CEO Jamie Dimon has warned that the threat of stagflation could still strike the US economy.
Stagflation is the combination of economic stag-nation and in-flation. Prices continue to soar at the same time as unemployment rises and economic growth slows – a triple whammy of problems.
It’s higher inflation and weaker economic growth that is the result of policy – tariff policy and immigration policy…. (Continue to full article)
We Are Looking Down The Barrel Of A Worldwide Credit Market Crisis That Threatens To Be Absolutely Horrific
National governments around the world are collectively more than 100 trillion dollars in debt. The United States accounts for about 35 percent of that total, China accounts for about 16 percent of that total, and Japan accounts for about 10 percent of that total.
For a long time, national governments were able to fund their debt binges very cheaply, but now nervous investors are demanding higher interest rates to hold long-term government debt. This is driving up borrowing costs, and it has thrown credit markets around the globe into a state of chaos. If bond yields continue to rise at a very brisk pace, there is a risk that investors could become so nervous that credit markets actually start freezing up.
If that were to happen, the entire global financial system would go completely haywire… (Continue to full article)
United Hell Care’s Alleged Plan to Cut Costs? Just Let the Elderly Die
If you ever wondered what would happen if private equity logic were incorporated into America’s healthcare systems, look no further than United Hell Care.
According to a report from The Guardian, United Hell Care has allegedly been pressuring nurse practitioners to flip elderly patients’ status to “Do Not Resuscitate,” even when these patients have explicitly requested to be resuscitated. If the report is correct, then United Hell Care is choosing to kill the elderly as a cost-cutting measure.
One former practitioner who spoke to The Guardian says that United Hell Care is “pretending to make it look like it’s in the best interest of the member…but it’s really not.” The reality of it is that it looks more like a ploy to reduce hospitalizations and to jack up profits. This wouldn’t just be unethical; it’s potentially criminal… (Continue to full article)
GOP Senators Rail Against Staggering $4.7 Trillion in Untraceable Treasury Payments
Nearly one-third of Treasury payments a year lack proper identification codes, Treasury Secretary Scott Bessent testified to Congress recently
Prior to the discovery, Treasury Account Symbol (TAS) identification codes were optional for $4.7 trillion in Treasury Department payments, so they were often left blank and were untraceable. The field is now required to increase “insight into where the money is actually going,” the Treasury Department and DOGE announced in February.
“Of the 1.5 billion payments that we send out every year, they are required to have a TAS, a Treasury Account Symbol. We discovered that more than one third of those payments did not have a TAS number,” Treasury Secretary Scott Bessent said before the House Appropriations Subcommittee on Financial Services and General Government earlier this month… (Continue to full article)
GOP Budget Bill Favors the Rich, Takes from the Rest
Tax cuts in House Republicans’ megabill would lead to increased assets for the richest Americans, while reducing them for the lowest-income households through cuts to federal spending on Medicaid and food aid, according to a new preliminary analysis from the Congressional Budget Office.
The analysis, requested by top Democrats, gives fuel to Democrats’ attacks on the bill that it would lead to gains for wealthy Americans while taking away benefits for lower-income people
We are Screwed, Blued and Tattooed!!! (Continue to full article)
