Ripped From The Headlines - November 14, 2022
Ripped From The Headlines - November 14, 2022
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In today’s edition of “Ripped From The Headlines…”
Government control over crypto
The Fed throws in the towel
Amazon kills jobs
Plus, things you can do to cover your assets!
“FTX’s Downfall Shows CFTC Needs More Crypto Sway, Chairman Says”
“The collapse of Sam Bankman-Fried’s FTX crypto exchange adds urgency to a Washington push to transform the Commodity Futures Trading Commission into a top crypto watchdog, according to the head of the derivatives regulator.
CFTC Chairman Rostin Behnam said the implosion of FTX, whose swift and dramatic downfall culminated in a bankruptcy filing last week, is an example of why his agency needs more power to oversee cryptocurrency operations and trading.
‘I’m hopeful that this will elevate the urgency for Congress to act to pass legislation that would give the CFTC more authority to regulate cash markets and digital assets,’ the chairman said in an interview.
‘No question asked.’”
“Fed faces tough task deciding when to stop raising rates, official warns”
“The US central bank is entering a new phase of policy tightening that will be harder to navigate, a top official has warned, as pressure builds on the Federal Reserve to temper what has become one of its most aggressive campaigns to raise interest rates in decades.
‘This next phase of policymaking is much more difficult, because you have to be mindful of so many things,’ Mary Daly, president of the San Francisco branch told the Financial Times.
‘You have to be mindful of the cumulative tightening that’s already in the system. You have to be mindful of the lags in monetary policy. You have to be mindful of the risks that are all throughout the global economy and the tremendous uncertainty that we have even about what the evolution of inflation is going to be.’”
“Amazon reportedly plans to lay off about 10,000 employees starting this week”
“Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of employees.
Shares of Amazon closed down about 2% on Monday.
The cuts would be the largest in the company’s history and would primarily impact Amazon’s devices organization, retail division and human resources, according to the report. The reported layoffs would represent less than 1% of Amazon’s global workforce and 3% of its corporate employees.”
Manic Monday, Ripped From The Headlines. Things To Ponder:
How convenient that the #CFTC pops up at just the right time, huh?
Since you hang with us, and follow the case of the US vs. Randall Crater, YOU KNEW THIS WAS COMING.
They just needed justification for their move…
And guess what? There’s already a new, self proclaimed, #Crpyto Jesus!
Who’s probably doing the same thing that #FTX did.
Oh… when there’s disagreement at the Federal Reserve, the old saying rings true:
Where there’s smoke, there’s fire.
The truth is that the Fed has no real clue what to do…
They’ve been able to get by before, because maybe one or two segments of the economy were in trouble… but now, all sectors are in big trouble.
What now?
PS: Big companies that move things are saying things are really bad…
If the bomb diffuser guy is running… you should try to keep up.
By the way, Amazon is going to lay off a bunch of people… which will likely lead to laying off many more people.
Indicator: If they are laying off people during their busiest season of the year, what happens after?
What does this mean?
Things are worse than you were thinking they were.
This is one of the big reason we chose to do Ripped From The Headlines… so you can be out in front of what’s coming.
Note the power play for Crypto currency… because it’s the one thing they can’t control.
If they can scare you enough…
With a situation they created…
They can provide you a solution you’ll take… like the Central Bank Digital Currency (“CBDC”).
That ain’t good.
Why should I care?
Practical things like food and supplies appear to be in danger of not being available are already unavailable in mass, and your ability to travel could also be impacted.
You should REALLY care. They are after you.
What should I do?
Study EVERYTHING you can find on parallel and alternative economies.
Prepare to implement it.
If you are blessed to have means, start thinking about what you, your family, and your community are going to need, and how commerce will happen in a super local economy.
Tell people about what’s happening. Don’t argue, SHARE. Let them see it for themselves, then subscribe them to this newsletter.
Now.
Your future depends on it.
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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Ripped From The Headlines is your daily digest of what’s happening in the world. We help you to understand what it means, why you should care, and what you should do.
Have a tip on a story, case, or issue that needs to be covered? Email us: asksherloc@protonmail.com. Confidentially assured.