Germany's Scholz wants fractured parliament to act to shield top court from extremists https://www.reuters.com/world/europe/germanys-scholz-wants-fractured-parliament-act-shield-top-court-extremists-2024-11-15/?taid=6737412521ecf8000129dee1&utm_medium=Social&utm_source=Mastodon
This clown is the ladt nail in 'Democracy's' coffin... #germany #afd #wef
Who will be the European Javier Milei who is there to take out the bureaucratic garbage when the time comes?
#milei #libertarian #marketeconomy #freedom #bitcoin #mises https://video.nostr.build/b3b2a52df8a7720b9d795531ddabe3db10af13e0ab2299c269313549fc8c81a5.mp4
China Unveils Landmark $1.3B Megaport in Peru, Boosting Asia-Latin America Trade
Beijing, China - In a landmark move, Chinese President Xi Jinping has officially inaugurated the groundbreaking Chancay deep-water port in Peru, a $1.3 billion infrastructure project under China's Belt and Road Initiative. The new megaport is set to transform trade dynamics between Asia and Latin America, generating an estimated $4.5 billion in annual revenue and creating 8,000 much-needed jobs.
The strategic investment comes amid rising geopolitical tensions, as the project has drawn concerns from Washington over potential military and intelligence uses by China. However, Beijing maintains that the port is purely a commercial venture aimed at bolstering economic ties between the two regions.
#China #Infrastructure #BeltAndRoad #LatinAmericaTrade #PortDevelopment #GlobalEconomy #brics
The EU Europeans fear nothing more than Donald Trump mercilessly exposing the EU's geopolitical impotence with the withdrawal of the Americans from the old continent. Project Ukraine is lost, the economy is in free fall, the energy crisis can hardly be covered up and, at the same time, key governments such as the German government are collapsing over these problems. With its centralist project and the centralization of the monetary system, Europe is heading towards a difficult era.
#europe #eu #usa #ukraine #trump #energy #germany
Fed's Powell's Rosy Picture vs Reality: The Hidden Job Market Truth and the Eurodollar Fight
The Federal Reserve appears unhurried about rate cuts, with Powell citing economic resilience during his Dallas speech. However, a deeper analysis reveals concerning patterns.
Behind the optimistic federal narrative lies a more complex reality: Government-sponsored employment programs appear to be artificially inflating job numbers ahead of election season. Like European markets, the U.S. faces a proliferation of part-time positions with workers juggling multiple jobs to survive. These government-created positions mask underlying economic weaknesses while providing politically advantageous statistics.
This context makes Powell's recent statements look like damage control for previous hasty rate cuts and rising inflation, rather than genuine economic strength. Besides this: the Fed still is in the processto dry the Eurodollar credit machine. This should lead to more problems in the ECB tower where the Eurocronies are bagging for cheap money and trying to get back to the zero bound interest rate policy. They need the Fed to capitulate to avoid capital flight.
#FederalReserve #fed #btc #EconomicReality #JobMarket #GovernmentSpending #MonetaryPolicy #ElectionEconomics 
China's macro environment remains exciting
The year-on-year economic data published today from China in October show an interesting picture: on the one hand, industrial production rose by 5.3%, private consumption by 4.8% and at the same time real estate prices continued to fall dramatically. They fell by 5.9% in October YoY. This is a deflationary death spiral that the fiat money system and the lending banks cannot afford. So we can continue to expect big stimulus packages and bailouts for the banks in China!
#China #economy #realestate #deflation #ccp #pboc #inflation #bitcoin
Sources: Incoming Administration Proposes Eliminating EV Tax Credits
In a move that is likely to stir controversy in the burgeoning electric vehicle (EV) industry, sources close to the incoming administration have indicated plans to eliminate the $7,500 consumer tax credit for EVs.
The tax credit is viewed by the new transition team as an easy target for elimination given the Republican majority in Congress. While proponents argue the incentive is crucial for driving mainstream EV adoption, opponents claim the credits unfairly benefit wealthy consumers.
Interesting... the green wave of subsidies and market distortions gets a first hit.
#usa #trump #EVs #ElectricVehicles #TaxCredits #greennewdeal
Pennsylvania Moves to Embrace Bitcoin as Reserve Asset
#Bitcoin #USA #FinancialInnovation #Pennsylvania #Legislature
In a groundbreaking move, the Pennsylvania House of Representatives has introduced legislation that would enable the state to hold Bitcoin on its balance sheet as a reserve asset. This marks a significant shift in the recognition of $BTC as a viable store of value and asset class.
The proposed legislation aims to provide Pennsylvania with the legal framework to incorporate Bitcoin into its financial operations, positioning the state as a pioneer in the emerging BTC landscape. This move comes as a growing number of governments and institutions worldwide are exploring the strategic benefits of integrating BTC into their reserve portfolios.
US Macro Data Show Mixed Basket
The U.S. labor market continues to demonstrate resilience, with Initial Jobless Claims coming in at 217,000, beating the expected 224,000 and the previous 221,000. This positive data suggests that the economy remains robust despite broader macroeconomic headwinds.
The Producer Price Index (PPI) for October showed a year-over-year growth of 2.4%, surpassing the 2.3% estimate and the prior 1.8% reading. Core PPI, which excludes volatile food and energy prices, also came in stronger than expected at 3.1% versus the 3.0% estimate and the previous 2.8% figure.
On a month-over-month basis, PPI increased by 0.2%, in line with expectations, while Core PPI ticked up 0.3%, slightly higher than the 0.2% forecast.
#US #Economy #MacroData #LaborMarket #Inflation #FederalReserve
Eurozone Industrial Production Plummets as Downturn Persists
The catastrophic economic development of the eurozone makes it clear what is now needed to cure it: more EU regulation, further increasing fiscal burdens, the expansion of the welfare state at the expense of the productive part of society, higher minimum wages or even further climate regulations and deeper involvement in the Ukrainian war.
The data:
Industrial production in the Eurozone has declined for the fifth consecutive month, as the sector struggles to reverse a persistent economic downturn led by its largest member - Germany.
According to Eurostat, the EU's statistical agency, industrial output (excluding construction) fell by a seasonally adjusted 2.0% in September compared to the previous month. Economists polled by Dow Jones Newswires had expected a more modest 1.2% decline.
Compared to the same period a year earlier, Eurozone industrial production was 2.8% lower, surpassing the 1.6% drop predicted by analysts. In Germany, Europe's industrial powerhouse, production slumped by 2.7% month-over-month and 4.5% year-on-year.
The production of capital goods decreased by 3.8% in the Eurozone compared to the prior month, while intermediate goods stagnated. On an annual basis, capital goods output fell by 6.4%, and intermediate goods production was down 2.6%.
#Europe #EU #Industry #Recession #EconomicDownturn #EurozonePMI
The germans are paying an incredibly high price for the economic illiteracy of its political representation, for the ideologization of society, for the hypermoralism of an incompetent caste of politicians.
#germany #recession #moralism #energycrisis #nuclearpower #climateapocalypse
To think #Bitcoin is overpriced or could be at all shows that they don't understand what it is.
I really find this very very funny
The whole system is running on this lie...
U.S. Inflation Holds Steady
The Consumer Price Index (CPI), a key measure of inflation, revealed that year-over-year (YoY) growth in October remained unchanged at 2.6%, meeting market expectations.
Digging deeper, the core CPI, which excludes volatile food and energy prices, also held steady at 3.3% YoY, matching the previous month's figure and the forecasted estimate.
On a month-over-month (MoM) basis, the CPI increased by 0.2%, mirroring the previous month's pace and aligning with the market's projections. Similarly, the core CPI registered a 0.3% MoM rise, in line with both the previous month's data and the consensus estimate.
#USInflation #EconomicData #ConsumerPrices #MarketAnalysis
True. Sad but true
It's falling apart in real-time. Incredible
Climate Stalinism: USA out, Taliban in
What a time to be alive. And You really can't make this sh.t up anymore but someone above (and this guy really has a sense of humour) must have opened the floodgates to dismantle nearly anything (still waiting for the Epstein list though) the woke rainbow stalinists have put into place to crush our freedom and sovereignty.
And it's more than the usual stuff when these people were fucking around again and again with our money, failed like no normal human being ever would have failed, just to invent something total crazy to distract us from their fraud and moronic ideology (let's say: lock us all up for nothing to cover up illiquidity in the bond markets).
No this time, maybe it only hits my personal sense of humour, but they really hit the nail. The moment, the new Hitler, Donald Trump, announced to withdraw the USA from the climate apocalypse club, 'Paris Climate Treaty, Save The Fu..ing World Gays Club' or whatever the trophy of crappy commie bs is called now, our beloved liberal friends from Afghanistan, the Taliban bros, announced to join the club, sending some of their best humanists and famous defenders of enlightenment to the climate summit COP (whatever number they put behind this time, I guess it's 30 now??).
Ladies, liberal girls and big Kamalians, You remember: these are the boys that really fight for an open, progressive and humanist society by oppressing one half of the population (yes right: they are pointing at Youhu...).
But in the end, I suppose, it's all for the climate fight, locking the girls up at home could be a model to really bring down these climate killing emmissions. I think that's the reason why 'democrats' like Emmanuel Macron and other degenerates of his thinker's society will have a good time with the beards boys club (not ZZ Top!!).
And The Donald, the new Hitler, will be watching a new sunrise, a foggy, polluted sky, from his terrace at Mar-a-Lago nearby a stinking sea that, at least that's what I've heard from my Berlin sources, was renamed to 'Obersalzberg' recently, to show his real commitment to MAGA... inshallah, my friends. And keep the girls at home!
#climatescam #taliban #cop #trump #eu #socialism #mises #co2 #democracy #clubofrome #feminism #donald #donaldtrump