
Brian Seavey
1.9K posts





The Fed expanded the money supply by nearly $9 trillion under Powell. Inflation has averaged >4% per year over the past 6 years. Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control. The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money.




















Volkswagen plans to cut its production capacity by another one million cars, CEO Oliver Blume said. "On the one hand, we're investing heavily in products. At the same time, we've already taken extensive measures. We're currently looking at cutting a further million units of capacity to reflect the global market situation," Blume said. Overall, Volkswagen aims to cut capacity to 9 million cars worldwide per year from originally 12 million, the CEO added.

BREAKING: ADM Paparo, 4-star Admiral and Commander of U.S. Indo-Pacific Command, just testified before the Senate that “Bitcoin shows incredible potential” as a tool for U.S. national security. Watch the full exchange:






HORMUZ UPDATE: Iran has now turned back 20 vessels attempting to cross the Strait of Hormuz today and the US "blockade" has turned back a total of 23 vessels. It appears we are now entering a complete shutdown of the Strait of Hormuz. Prior to the US blockade, vessels from Iran and Iran's allies were permitted to sail through the Strait of Hormuz. Now, under the US "blockade," the US is prohibiting vessels from accessing Iran's ports and coast. We may be seeing the first ever complete shutdown of Hormuz. More details to come shortly.






