Ripped From The Headlines, April 11, 2023
MORE Congressional Grifting, IMF Warns Of "Hard Landing," Ohio Toxic Waste Spills Again - Read, Share, & Subscribe - SherlocExposes.com
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“Two lawmakers reported trades in bank stocks last month as they worked on government efforts to address fallout from two of the largest bank failures in American history.
The disclosures, by a New York Republican and an Oregon Democrat, mark the latest instance of congressional stock trading intersecting with official business.
Rep. Nicole Malliotakis (R., N.Y.) bought stock in a regional bank before a subsidiary agreed to take over Signature Bank’s deposits following its closure. Days before she bought the stock, she said she met with financial regulators to discuss the bank’s closure.
Rep. Earl Blumenauer (D., Ore.) reported three trades in bank stocks as he co-sponsored legislation seeking to strengthen restrictions on financial firms in the wake of the bank failures.
The trades could intensify the pressure on Congress to restrict stock trading by lawmakers.
That effort briefly gained momentum last fall, when House Democrats released a bill to ban stock trading by members of Congress, judges and senior executive-branch officials, but has since stalled. A bipartisan group of lawmakers earlier this year reintroduced a bill seeking to ban congressional stock trading.
Lawmakers are uniquely positioned to gain insight about particular industries in the course of their work. But beyond rules mandating regular disclosure and the laws against insider trading, they face no other restrictions on what stocks they are allowed to own or trade.”
”The IMF has warned of a ‘hard landing’ for the global economy if persistently troublesome inflation keeps interest rates higher for longer and amplifies financial risks.
Although the fund left its overall economic forecasts largely unchanged from January in its latest World Economic Outlook, published on Tuesday, it stressed that signs of resilience alongside lower global energy and food prices masked a darker reality.
Pierre-Olivier Gourinchas, the IMF’s chief economist, said: ‘Below the surface . . . turbulence is building, and the situation is quite fragile. Inflation is much stickier than anticipated even a few months ago,’ he said.
‘More worrisome is that the sharp [monetary] policy tightening of the past 12 months is starting to have serious side effects for the financial sector.’
In its twice-yearly full forecasts published on Tuesday, the IMF said the turmoil in the UK government bond market last autumn and the US banking turbulence last month showed the ‘significant vulnerabilities [that] exist both among banks and non-bank financial institutions.’
‘Risks to the outlook are heavily skewed to the downside, with the chances of a hard landing having risen sharply,’ the IMF said.”
“A truck carrying 40,000 pounds of contaminated soil from the East Palestine, Ohio, train derailment clean-up site crashed in Columbiana County on Monday.
According to the Ohio State Highway Patrol, the incident occurred around 1 p.m. on state Route 165 near Waterford Road, just north of East Palestine. Troopers arrived at the scene for a single-vehicle crash involving a tractor with a trailer.
‘The preliminary investigation revealed that the commercial vehicle was traveling northbound when it went off of the right side of the roadway, struck a ditch and utility pole, and ultimately overturned,’ law enforcement said in a release obtained by local media.
The incident raises concerns about the safety measures in place for the transportation of contaminated materials. Elected officials have previously raised concerns about the contaminated materials being transported from the crash site in East Palestine to facilities in other states.
Crews from Norfolk Southern, the operator of the train that derailed in East Palestine, have so far continued efforts to clean up the site.
To date, the company says it has recovered and transported off-site 11.4 million gallons of impacted water. They have also removed 19,966 tons of waste soil and flushed 5,200 feet of impacted waterways. In addition, they have sampled over 300 private drinking water wells.”
Grifting Tuesday, Ripped From The Headlines. Things To Ponder:
“Don’t Mind Us, We’ll Just Be Over Here Profiting From The Mess We Made…”
So… stock trading and congressional work meet again…
This keeps happening… situations where members of Congress have access to key information, they legislate favorably (for themselves) and they always seem to be on the right side of the equation.
We covered this in our article, “When Liars Conspire” (Click Here to read), where we showed how members of Congress were legislating crypto to their advantage, including cushy jobs in the private sector once they do the work to get what they want, making this possible.
Masters of the grift-a-verse!
Your tax dollars are hard at work… jumping into their pocket.
Just in case you needed a reminder of how this works, here you go:
“Rep. Nicole Malliotakis (R., N.Y.) bought stock in a regional bank before a subsidiary agreed to take over Signature Bank’s deposits following its closure. Days before she bought the stock, she said she met with financial regulators to discuss the bank’s closure.”
Know. Your. Foe.
“Not To Worry! It’s Just Going To Be A Hard Landing For Your Financial Future…”
Your friends at the International Monetary Fund (IMF) are basically saying you’re screwed…
That’s a “hard landing…”
When the economy tanks, your wealth tanks, and everything else tanks…
And you’re really poor.
We would like to take you back to our commentary from January 2, 2023, where we discussed inflation and the IMF, as it will you to make sense of what’s happening:
“Crazy Lady In Charge Isn’t Crazy…”
Remember when we were crazy to think we were in a recession?
Joe Biden told us we were crazy… Insane even! Click Here To See Proof.
Then Kristalina Georgieva (2nd in command at the IMF who in large part tells crazy uncle Joe what to do) tells a different story…
Guess what?
It’s going to be a bumpy ride… here’s what we shared a few weeks ago:
“Inflation Murders American Dream, “Film at 11”…
We thought it would be good to fix that headline from Bloomberg…
It’s hurting everyone… AND IT’S COMPLETELY MANUFACTURED with the poor typically take in on the chin. But this time, it has been the middle class that has been seeing things the worst during these downturns, especially with inflation.
Why? Inflation is a sneaky tax… and it gets people who really can’t afford to go into more debt… to go into more debt…
That they can’t afford.
But it’s either - be homeless and hungry, or just do it.
2023 is not going to be pretty. Please get prepared.”
It’s true what they say: “Wherever You Go, There You Are…”
Brace for impact.
“Oh, Don’t Worry… There’s No Chemical Issue In Ohio!”
Do you remember the chemical train derailment in East Palestine, Ohio?
Remember when this happened?
Matter of fact, the CEO of Norfolk Southern was quite upset that people were saying things were not safe:
“Mr. Shaw said that he would bring his own family, including his children, to East Palestine. 'There’s so much misinformation out there that is hurting the folks of East Palestine,' he said, pointing to inaccuracies on social media that are creating a stigma.”
Well, it turns out things ain’t so good, Mr. Shaw! As we said back on February 22, 2023:
“It’s SO Safe, I’ll Bring My Family In!”
That’s what Alan Shaw, the CEO of Norfolk Southern is saying… and, that there’s too much “misinformation…”
Do you mean like the lawyers showing up in town trying to get residents to sign waivers and take $1000 settlements so that they can’t sue you, Mr. Shaw?
It’s interesting that the NTSB hasn’t provided their report yet, the EPA is still trying to take over the operation, and trained specialists say things are very dangerous, but “…they don’t like that people are calling it American Chernobyl when all the tests show that it is safe and that it is clean.”
So… 11 million gallons of tainted water, and 20,000 tons of waste soil later, a truck carrying some of that poison wrecks…
And people rightly freak out.
What was that about everything being safe, Mr. Shaw?
Readers, know this: When it happens where you live, they will treat you the exact same way.
What does this mean?
The “Fail Train” just keeps on rolling…
This is the big reason we chose to do Ripped From The Headlines… so you can be out in front of what’s coming.
Take note of what’s happened as we’ve looked at the inflation numbers fiasco, public servants committing massive grift, and lying about toxic spills…
If they can scare you enough…
With a situation they created…
They can pay off the people that need to be paid, and make it look like a mistake…
They can also provide you with a solution you’ll take… like the Central Bank Digital Currency (“CBDC”).
Hegelian Dialectic (Problem - Reaction - Solution) is hard at work.
That ain’t good.
Why Should I Care?
Because this is going to be your future if you don’t do something about it:
You are going to save yourself.
You should care.
What Should I Do?
Given where we’re at, we want to share our recommendations for things to do:
Grab some precious metals at SherlocEZ.com.
Grab supplies at 4Patriots.
Get started on a food forest at Food Forest Abundance.
Share this newsletter with everyone you know. Steal the content. Repeat.
YOUR FUTURE DEPENDS ON IT.
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