If you're looking for evidence that the U.S. economy in 2026 is being held up by a clown-car of financial chicanery far beyond anything the C-Suite at Enron imagined, look no further than Digital Asset Treasury companies, which are themselves a grift built on a grift, claiming to stabilize their own finances by purchasing stock… of each other.
h/t Matt Levine, entertaining and informative as always.
https://archive.ph/6hJYb#selection-1929.0-1929.13:~:text=might%20look%20elsewhere.-,DAT%20ouroboros,-The%20basic%20idea
#finance #economy #economics #financialCollapse #houseOfCards
Comments on the critique of Jason Hickel by Liegey, Nelson and Leahy

[Ted Trainer] Hickel's critics makes two major points, one of which I disagree with but the other is in my opinion correct and important.

15/15\15

Trump's constantly trying to undermine the Fed shows he can't handle any real policy, just tweets and chaos. Democracy needs sound leadership, not his clown show. #FinancialCollapse #Corruption

🔗 Read more: https://www.facebook.com/389436163047122/videos/1996247781114068

7.7K views · 301 reactions | Dollar sinks on report Trump could try to undermine Fed chair Powell | The dollar eased to a fresh three-and-a-half-year low on the euro as concerns about the future independence of the US Federal Reserve undermined faith in... | By Reuters | Facebook

The dollar eased to a fresh three-and-a-half-year low on the euro as concerns about the future independence of the US Federal Reserve undermined faith in...

A recent* report from the US Senate says this about climate change and finance:

"...resulting in ever-scarcer insurance and ever-higher premiums. This is predicted to cascade into plunging property values...a collapse in property values with the potential to trigger a full-scale financial crisis similar to what occurred in 2008"

*recent but prior to the LA Fires.

https://www.budget.senate.gov/imo/media/doc/next_to_fall_the_climate-driven_insurance_crisis_is_here__and_getting_worse.pdf

#ClimateChange #FinancialCollapse #ClimateCatastrophe

Silicon Valley Bank has been closed by regulators, in FDIC possession

Trading was halted for shares of the financial firm early Friday after the stock plunged more than 86%.

Markets Insider
Dave Troy: “Why spark a global financial crisis? Crush the fiat dollar and ‘End the Fed’, paving the way to restore a modern gold standard. Which is Putin's plan too.” https://washingtonspectator.org/paranoia-on-parade/ #DebtCeiling #GlobalFinancialCrisis #FinancialCollapse #Extremism #Accelerationism #Authoritarianism #Fascism
Paranoia on Parade | Washington Spectator

How reactionary grievances have helped bring America’s democracy to the brink of collapse

Washington Spectator
U.S. debt default could wipe out 6 million jobs and $15 trillion in wealth, Moody's says

Failure by lawmakers to raise the government's borrowing limit would throw economy into reverse, economist warns.

Dave Troy @davetroy: “Pay attention to this clip from Nov 20, 2021 where Flynn telegraphs the plan: create a financial collapse, blame the Dems. They postponed this from Dec 2021 until now. This is what today's "debt ceiling" situation is about, re: McCarthy and the gang of House traitors.” https://twitter.com/ronfilipkowski/status/1462165511157030915?s=61&t=j8oGtfgEzEK2tqtWGSBR6w #Flynn #DebtCeiling #FinancialCollapse #Extremism #Accelerationism
Ron Filipkowski 🇺🇦 on Twitter

“Michael Flynn says Democrats are plotting to cancel the 2022 elections to seize control of the national govt. He says they are intentionally orchestrating a controlled financial collapse of the American economy so they can enact strict govt control of every aspect society.”

Twitter