Ripped From The Headlines, January 10, 2023
Global economy is "on a razor’s edge," NY Gov a pain in the... gas, Binance on the brink - Read, Share, & Subscribe - SherlocExposes.com
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Ripped From The Headlines - A Tribute To The Legendary Paul Harvey
(EDITOR’S NOTE: Orange-linked text is clickable for additional information.)
“The global economy is 'on a razor’s edge' and risks falling into recession this year, World Bank officials have warned as the institution unveiled its latest projections for global growth.
The Washington-based organisation expects the world economy to grow by just 1.7 per cent this year, a sharp fall from an estimated 2.9 per cent in 2022, according to the latest edition of its twice-yearly Global Economic Prospects report, published on Tuesday.
'The risks that we warned of six months ago have materialised and our worst-case scenario is now our baseline scenario,' said Ayhan Kose, the World Bank economist responsible for the report. 'The world’s economy is on a razor’s edge and could easily fall into recession if financial conditions tighten.'
'There is a lot of debate about whether the US and the eurozone will go into recession,” Kose said. “But whether they do or not in technical terms, they are going to feel like they are experiencing a recession.'”
"Governor Kathy Hochul is proposing to make New York the first state in the US to ban natural gas heating and appliances in new buildings as a way to fight climate change, the latest salvo in a nationwide fight over the fuel.
Hochul called during her state-of-the-state address Tuesday to ban the use of fossil fuels by 2025 for newly built smaller structures and 2028 for larger ones. New York would also prohibit the sale of any new fossil-fuel heating systems starting in 2030.
'Buildings are the largest source of emissions in our state, accounting for a third of our greenhouse gas output,' Hochul said in her prepared remarks.
'Any efforts to ban highly efficient natural gas stoves should raise alarm bells for the 187 million Americans who depend on this essential fuel every day,'said Richard Meyer, vice president of energy markets and analysis for the American Gas Association, in an email Tuesday."
"Binance, the world’s largest cryptocurrency exchange, is struggling to hold onto assets. In the wake of the collapse of rival FTX, investors have been pulling their crypto in recent weeks, and despite assurance from CEO Changpeng Zhao that the situation had stabilized, outflows are accelerating. Customers withdrew a net $360 million on Friday, according to data from crypto data firm Defillama.
On December 13, Nansen, a separate crypto data firm broke the news that Binance had lost $3 billion of assets over the previous week, representing 4% of the firm’s total at the time. A Forbes investigation revealed that, in fact, Binance lost 15% of its assets since a Twitter posting by Zhao (widely known as CZ) on the same day as he downplayed the Nansen report withdrawals. "
Not Your Average Tuesday, Ripped From The Headlines. Things To Ponder:
“We’ll Be Fine! Just Don’t Look Over There… Or There… Or There…”
That’s how the economy feels right now, doesn’t it?
Also interesting how the World Bank is super active around this… talking about their “worst case scenario” becoming the “baseline scenario…”
That means you’re screwed…
Not just you though… look at what rich guy said about the idiots geniuses running the world's financial system for their own gain and your future slavery:
”Some of the world’s largest asset managers such as BlackRock Inc., Fidelity Investments and Carmignac are warning markets are underestimating both inflation and the ultimate peak of US rates, just like a year ago.
The stakes are immense after Wall Street almost unanimously underestimated inflation’s trajectory. Global stocks saw $18 trillion wiped out, while the US Treasury market suffered its worst year in history. And yet, going by inflation swaps, expectations are again that inflation will be relatively tame and drop toward the Federal Reserve’s 2% target within a year, while money markets are betting the central bank will start cutting rates.
That’s set markets up for another brutal ride, according to Frederic Leroux, a member of the investment committee and head of the cross-asset team at €44 billion ($47 billion) French asset manager Carmignac, since worker shortages are likely to fuel higher-than-expected inflation.
‘Inflation is here to stay,’ said Leroux in a phone interview. ‘After the crisis, central bankers thought they could decide the level of interest rates. In the past two years, they realized they don’t: inflation does.’”
Ouch.
“Doubling Down On Being A Pain In The… Gas…”
That’s the Governor of New York…
It seems like it was just yesterday we reported on the climate activists nazis going after natural gas…
Oh, it was.
And now they have their elected minion doing their bidding…
You have to understand, these people are on a schedule… to make you poor, shove you in a “15-minute smart city,” control you, and kill you…
ASAP.
Better keep an eye on this one.
“Fake Savior Needs Saving… Film at 11…”
We’re talking about Binance CEO Changpeng Zhao, loving known as “CZ…”
He’s also the guy who popped the lid on the #FTX business…
See, he was going to buy FTX… then, looking around a bit, offered them a “financial bailout…” and then, after more looking around, pulled the offer altogether…
So far, so good… except that it wasn’t.
All of the exchanges generally have the same problem… Binance has been infected by the contagion… and it’s bleeding out.
Truly decentralized crypto and decentralized exchanges are the real answer.
But that would mean you would have lots of control over outcomes…
Which big government doesn’t want…
It’s worth paying attention to alternatives to traditional systems…
What does this mean?
Things continue to deteriorate at a more rapid pace economically. Every warning bell is ringing, but many aren’t listening.
Things are actually worse than you were thinking.
This is one of the big reasons we chose to do Ripped From The Headlines… so you can be out in front of what’s coming.
Note the perfect storm of issues, combined with ongoing infrastructure challenges, supply shortages, high prices, and “climate activism” looking to kill natural gas.
None of this is good.
Why should I care?
This stuff is accelerating, fast, and you stand to lose a lot, quickly.
We’re noticing a rapid spike in scams of all kinds. Be vigilant.
You should REALLY care.
They are after you... and everything you have.
What should I do?
Think about the basics that people need, and look at those things as potential avenues to protect yourself.
Do you know why Berkshire Hathaway’s stock is so expensive?
They touch 90% of your life every day, and you don’t even realize it.
You should also tell as many people as you can about what’s happening. Don’t leave people behind, while we still have a window to help them.
A quick way to do that: Share this newsletter… heck, take from it, and do your own. We give you permission…
Take the time to learn more about Parallel Economies, and find alternatives to the things you use today… food, money, and transportation.
GET MOVING ASAP.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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