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TakeYouToTasker 2.0
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TakeYouToTasker 2.0

I suspect we’ll soon see media outlets explaining why banks and other financial institutions need to be bailed out in order to protect the economy, along with more “capitalism has failed” dogma.

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Hitbyaparkedcar
On 7/9/2021 at 2:14 PM, TakeYouToTasker 2.0 said:

I suspect we’ll soon see media outlets explaining why banks and other financial institutions need to be bailed out in order to protect the economy, along with more “capitalism has failed” dogma.

E45955B7-AB81-4068-B486-9B4C76258536.jpeg

The creature from Jekyll Island is NEVER satiated. Pillaging, plundering, and legalized theft will continue until the revolution begins. Hope everyone is prepared, because they want it ugly when the time comes. Once that line is crossed, the people must demand unconditional surrender from those that have put their feet on our necks....

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25 minutes ago, Foxx said:

 

Supply chain is breaking down

 

Up to 25% of health care workers, federal contractors, and federal employees are threatened with losing their jobs over vaccine mandates

 

Microchip shortages

 

A return to energy dependence

 

Its almost like somebody is setting us up to fail

 

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I expect this won't be the last state default in the days ahead.

 

Bloomberg article:

Quote

 

Sri Lanka Default Looms as Debt Payments Halted to Save Dollars

  • Dollar bond due July 2022 extends losses to record low
  • President calls for ‘unity, understanding’ as protests mount

Sri Lanka warned of an unprecedented default and halted payments on foreign debt, an extraordinary step taken to preserve its dwindling dollar stockpile for essential food and fuel imports. 
 

All outstanding payments to bond holders, bilateral creditors and institutional lenders will be suspended until a debt restructure, the finance ministry said in a statement Tuesday. The newly appointed central bank governor, Nandalal Weerasinghe, said in a briefing that authorities are seeking to negotiate with creditors and warning of a possible default. ...

 

 

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Saudi Arabia and Iran have been invited to join BRICS. If Saudi does join, we will have left the petrodollar world and entered into a new bipolar space.

 

A Newsweek article:

As NATO Grows, China and Russia Seek to Bring Iran, Saudi Arabia Into Fold

Quote

... In the East, however, security and economy-focused blocs led by Beijing and Moscow are looking to take on new members of their own, including Iran and Saudi Arabia, two influential Middle Eastern rivals whose interest in shoring up cooperation on this new front could have a significant impact on global geopolitical balance.

 

The two bodies in question are the Shanghai Cooperation Organization (SCO) and BRICS. The former was established in 2001 as a six-member political, economic and military coalition including China, Russia and the Central Asian states of Kazakhstan, Kyrgyzstan and Tajikistan before recruiting South Asian nemeses India and Pakistan in 2017, while the latter is a grouping of emerging economic powers originally consisting of Brazil, Russia, India and China (BRIC) upon its inception 2006, and including South Africa in 2010.

 

"The BRICS and the SCO share one important ideological quality: they are both focused on multipolarity, and their summits have even been held back to back with one another at times," Matthew Neapole, an international affairs expert and contributor to the Macdonald-Laurier Institute in Canada, told Newsweek.

 

"Both are angling to act as force multipliers for this drive for multipolarity, to help along with alternatives [i.e, in currency or banking]," he added. "It could, in theory, facilitate economic linkages and step into gaps that U.S. institutions are not filling due to sanctions, such as those laid on Russia." ...

 

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Italian Markets Pummeled After Draghi’s Government Rocked

 

... It’s the latest problem investors in Italian assets have to assess, adding to surging inflation, rate hikes and recession fears. Italian bonds have already been under pressure for months from the withdrawal of the ECB’s ultra-accommodative policies, widening spreads between Italian and benchmark German yields.
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