Yellen asked about dollar's future; Treasury Dept seal falls off.

Oh Sweet Jesus, Thank you! How perfect! 🤣 

At  ~ .19 seconds. 

Oklahoma bank shut down by US Regulators.

Daily HODL: Bank Abruptly Shut Down by US Regulators in Second Bank Failure of 2024.

Financial regulators just shut down a bank in Oklahoma, marking the second US bank failure of 2024.

The First National Bank of Lindsay has been shuttered by the Office of the Comptroller of the Currency.

The agency says it took action after identifying false and deceptive bank records and other information that suggests fraud depleted the bank’s capital.

“The OCC also found that the bank was in an unsafe or unsound condition to transact business and that the bank’s assets were less than its obligations to its creditors and others.”

The OCC is also forwarding the matter to the US Department of Justice.

Off to the DOJ, eh? Well Merrick Garland will be right on top of it, you betcha! 

But wait, there's more! More banks on the verge of failing:

Cryptopolitician: U.S. banks’ unrealized losses soar to 7 times 2008 crisis levels.

Unsustainable. Awaiting the domino effect. 

Longshoremen Strike!

CNN (Updated 12:59 AM EDT, Tue October 1, 2024): Port workers strike starts across the East and Gulf Coasts.

Nearly 50,000 members of the International Longshoremen’s Association (ILA) are on strike Tuesday against the nation’s East and Gulf Coast ports, choking off the flow of many of the nation’s imports and exports in what could become America’s most disruptive work stoppage in decades.

The strike, which was confirmed by the Port Authority of New York and New Jersey as well as the Port of Virginia, began at midnight.
[.]
The strike will stop the flow of a wide variety of goods over the docks of almost all cargo ports from Maine to Texas. This includes everything from bananas to European beer, wine and liquor, along with furniture, clothing, household goods and European autos, as well as parts needed to keep US factories operating and American workers in those plants on the job. It could also stop US exports now flowing through those ports, hurting sales for American companies. 

Biden could stop this, but he his handlers don't want to. 

Washington Examiner: Biden won’t invoke Taft-Hartley to stop port strike that could cost $5 billion a day.

On Sunday, Biden said he would not get involved.

“It’s collective bargaining,” he said. “I don’t believe in Taft-Hartley.”

Oh, we have to suffer and endure more economic hardship because Biden doesn't believe in Taft-Hartley.

U.S. Chamber of Commerce: US Chamber of Commerce calls on Biden to Invoke Taft-Hartley.

Biden back at his Tiny Desk.

LINK

Twitchy: Biden at His Tiny Fake White House Desk.

Pelosi: President Biden Should Be Added to Mt. Rushmore.

Breitbart: Pelosi; President Biden Should Be Added to Mt. Rushmore.

Representative Nancy Pelosi (D-CA) said on this week’s broadcast of “CBS Sunday Morning” that President Joe Biden should be added to Mt. Rushmore.
[.]
[Lesley] Stahl asked, “Are you are saying that he belongs up there on Mount Rushmore? Lincoln and Joe Biden?”

Pelosi said, “You got Teddy Roosevelt up there and he is wonderful. I don’t say take him down, but you could add Biden.”

Pelosi is repeating what she's told to say. After Biden's failure in the presidential debate, she was one of the first on board stabbing Biden in the back, pushing for him to drop out. Her statement is an attempt to smooth-things-over within the current state of DNC/dem panic, hysteria and internal fighting. Dems are portraying themselves as being united. They're not. They're bleeding internal chaos. They're good at faking stability and consolidation for their base, though.

Joe is unlikely to remember she stabbed him in the back. Heck, he probably thinks he's still running and doesn't remember he dropped his presidential bid. His camp will stage a mock debate with a Trump look-a-like and he won't even know it, he'll think it's real.

A-HA! Trump campaign says they can't schedule a VP debate until Harris picks her VP!

RT: US Republicans urge Harris to announce VP choice.

Debating Kamala Harris would be unfair to her eventual running mate, the US Republicans have said.

There can be no vice presidential debate until the Democrats decide who will be on their ticket, the Republican campaign said on Wednesday, in a thinly veiled reference to calls for US President Joe Biden to step down.
[.]
“We don’t know who the Democrat nominee for Vice President is going to be, so we can’t lock in a date before their convention,” Trump campaign senior adviser Brian Hughes said in a statement on Wednesday evening. “To do so would be unfair to Gavin Newsom, JB Pritzker, Gretchen Whitmer, or whoever Kamala Harris picks as her running mate.”

Epic Trolling!

Joe, isolated and alone with his Vicks VapoRub while others planning to oust him.  

I think it comes down to Jill. She's running the show. She loves FLOTUS status. They're gonna have to drag her out of the WH. She's not giving up easily. 

Who will be the dem candidate? Not Harris, Newsom, Whitmer or Pritzker.

ENTER HILLARY! 🤣 

Breitbart: Flailing Democrats Urged to Consider Swapping ‘Young’ Hillary Clinton for Biden.

Step forward two-time failed presidential candidate Hillary Rodham Clinton. Pablo O’Hana said she is a “seasoned, savvy and adaptable candidate” in an opinion piece published by The Hill on Saturday.

He argued the former Secretary of State also has youth on her side at 76 as well as experience, stating in the piece[.]
[.]
“Her ability to connect with diverse audiences and articulate complex ideas with clarity and conviction re-establishes her as a formidable global stateswoman.”

I told you so:

It's fun watching democrats cannibalize themselves!

Post Presidential Debate Analysis.

On Biden: 

"WE BEAT MEDICARE!"  WUT? 🤣

I guess amphetamines don't always work. ¯\_ (ツ)_/¯ Who knew? Good Grief, Biden looked like he walked out of the embalmer's room. Pale, stiff and casket-ready. Sounded like shit, hoarse, dazed, confused, tired, mumbled, occasional staring into space Trippin' Balls. This is the best he could do after 7 days of prep?

The moments Biden appeared most alert was when Trump was talking and it was double-screen showing both candidates. I think Biden was "wired", signaling someone electronically. He touched his face and nose often, and reaching up by his ear as if sending an SOS hand signal. Then he'd start writing notes, as if receiving rebuttal talking points from his Controller via an earpiece. Thus the obvious,"Write it and say it like this Joe, 'Number One...Number Two...Number Three.'"

"That fact of the matter is...the fact of the matter is...Number one...Number Two...The...uh...I, uh, and by the way...by the way...and, uh, Guess What...I tell you what, Guess what...I tell you what...the fact of the matter is. Winnie The Pooh and juice box time now?" A rambling, word salad from someone who should reside in a Memory Care Unit. 

And in golf Biden says he's, "a six handicap." Yeeeeaaaahhhh. Sure. 

On Trump:

I don't agree with every policy he has. I don't agree with anyone 100% (well, only the wife - I say I agree but she knows when I'm lying). 

Did you catch when Trump called Biden, "Brandon"? LMAO!

Are you better off now than you were four years ago? Do you enjoy paying 2-4X more on practically everything? How can you not support Trump? 

Today I noticed that in our neighborhood, overnight, at the best price station, a gallon of gas increased from $3.04 to $3.39.

A bit repetitive on some issues but Trump had no choice but to do that in order to combat the continual accusations that have been debunked that Biden kept alleging. imho Trump turned in a fine performance.

 

ABC Post Debate analysts, including Liberal Lapdogs anchor David Muir and DC Reporter Jonathan Karl shredded Biden's performance. Karl indicating Dems in both DC and the DNC are in a state of shock, panic and disarray over Biden's abysmal performance.

Politico: Dems freak out over Biden's debate performance: 'Biden is toast'.

What are your thoughts?

Coffee prices removed from CPI index due to cost increase.

More fake and illusory Bidenomics on the way.

LINK

Hit the link. (It'll help if you have an X account). 

All the economic and job creation data spewed by this wretched, lying Biden Administration for the past 3.5 years is Cook Book Numbers and is never to be trusted.

Janet Yellen regrets saying inflation was transitory.

FOX Business: US Treasury Secretary Janet Yellen: 'I regret' saying inflation was transitory.

Oh. The Yale-educated economics expert and Harvard professor with a Masters and PhD regrets saying this. Well, it's time to forget what she said, right?

Liz Warren ROASTED over her X post.

More at Twitchy.

Rumors Biden will drop out due to health.

Biden will claim, "muh health," but the real reason? His abysmal approval ratings and his intended foreign policy failures which serve as money laundering schemes for the DNC, globalists and elites. 

^ Click=embiggen ^

Had the post from "JP Morgan" worker not misspelled "donor" ( donEr ), I might be more inclined to believe it.

Biden's handlers know they can't sell him again. They have to oust Kamala because she's equally unpopular.

Some people toss around Big Mike's name as the democrat presidential candidate. Maybe. I don't see him expressing or showing the slightest interest in pounding the pavement of the campaign trail for 10 months.

So...who's on deck?

 

Why Hillary? "So she can right the wrong of the 2016 election that was STOLEN from her by Trump and Puuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuutin!" 🤣

 

A Trump - Cankles rematch. Is there enough popcorn warehoused to cover that?

They had years to prepare.

Student Loan Deadbeats, pay your fucking loans! 

CNBC: Student loan bills resume for 40 million Americans. How it could shake the economy.

Ryan Moran, a nurse in Jacksonville, Florida, hasn’t thought about his federal student loans in years. But this month, he’s scrambling to figure out how to make room in his budget for his $500 monthly bill.

He and his wife, Amelia, plan to dine out less and to skip the football games they love to attend. His grocery bills will also need to shrink.

“And it’s not only consumption that decreases,” said Moran, 26. “Increasing monthly payments means I have to work overtime, taking time away from my family.”
[.]
Meanwhile, many people with student debt plan to cut back their spending on clothing, travel and food.

Oh, so during the past years these people knew this date was coming and instead of preparing for it many were spending on travel, sporting events and dining out. It didn't dawn on them to set X dollars aside per month for this day?

B-B-B-but..."the economy is so bad." I don't know why they think this, Biden tells everyone this is the greatest economy ever.

RochesterFirst: Payments resume for student loans; Rochester students, graduates react.

In Collegetown, local students shared their thoughts — with some saying they are not a fan of the idea of having to pay it back in this economy. [Do they mean the Biden Economy? Who did they vote for? - DD]
[.]
“Students must have access to university and become something free for everybody and not become something for few people or just for who is rich.” Foreign college student Elona Ndoj said. “It’s not fair because education is the base of any society.”

And there it is; the fallback phrase of every whining liberal cuck student loan borrower: "It's not faaaaaaaaaaaaaaaaaaiiiiiiiiiiiiiiir." 

Which one of you held a gun to Elona's head and forced him/her/it to travel to the U.S. for their education instead of staying home and mastering the art of baked mud pie or lizard-on-a-stick?

"Life is sooooooooooooooooooooo hard with a student loan. Waaaaahhhhhhhh!" 

The Self Entitled Permanent and Coddled Infant Mind Generation. 

Get a second or third job. Eat Ramen. Suck it up, Buttercups.

Biden tells reporters to shush-up.

Biden was asked about the debt ceiling: 

Twitter Link and Thread

Why isn't The Diaper King wearing his wedding ring? Did he lose it? Did he eat it? Something amiss in his wedded bliss with Tamale Jill? 🤔

PacWest Shares Plunge 60%, More Banks Drawn Into Quagmire.

MSN: PacWest Shares Plunge 60%, More Banks Drawn Into Quagmire.

PacWest shares plunged by 60 percent in after-hours trading Wednesday, raising concerns that the Los Angeles-headquartered bank might be the latest victim of the turmoil sweeping through the banking sector ever since the collapse of Silicon Valley Bank (SVB) in March.
[.]
Growing anxiety over the fate of PacWest and other smaller banks in the future would likely increase pressure on the Fed, which in the aftermath of the SVB's collapse was widely expected to pause its interest rate hikes.

Another smaller bank, Western Alliance, saw its shares drop by as much as 38 percent in after-hours trading on Wednesday.

But despite predictions and expectations, the Fed has so far persisted in its strategy.

^ The Fed's Strategy ^

Maybe...if we all started wearing masks again the bank failures will stop.

More bank failures on the way?

Hit The Kobeissi Letter at Twitter for ongoing updates. The outlook...let's just say it's not optimistic.

Conservative Playbook: Are PacWest and Western Alliance the Next 2 Dominoes to Fall?

Things weren’t supposed to move this quickly.  Just hours after First Republic was dissected, two more major banks are in very serious trouble.

Are the dominoes going to start to fall more quickly than we were anticipating?  After his bank gobbled up First Republic, Jamie Dimon told the world that “this part of the crisis is over”, and many in the corporate media believed him.
[.]
Both institutions are now highly vulnerable, and as Dick Bove has aptly noted, those that have made massive amounts of money from recent bank failures are searching for their next victim[.]
[.]
Of course PacWest and Western Alliance are not the only potential targets.

Fed Chair Jerome Powell punked by Russian Prank Callers.

🤣

NY Mag: Jerome Powell Got Punked by Russian Prank Callers.

...it’s a little jarring to see that on Thursday, the gray-haired Powell was made the butt of a joke by two Russian pranksters crudely posing as Ukrainian president Volodymyr Zelenskyy. This happened back in January, but Powell apparently thought this call was a private one with the world leader and talked candidly about how a recession was just as likely as it was not, and it is now making the rounds on Russian media and Twitter.

BBC: Federal Reserve chair Jerome Powell pranked by Russians.

Comedians Vladimir Krasnov and Alexei Stolyarov - known as Vovan and Lexus - claimed credit for the stunt.
[.]
In one of the clips shared on Russian television, Mr Powell praised Russia's central bank chief Elvira Nabiullina for managing the Russian economy amid Western sanctions, according to the BBC Monitoring service.

Other video now circulating on the internet shows Mr Powell describing a sharp slowdown in growth in the US, following the bank's efforts to rein in price rises.

"We would tell you that a recession is almost as likely as very slow growth," he said of expectations for 2023. "I think that is partly because of us having raised rates quite a bit but this is what it takes to get inflation down."
[.]
"Embarrassing moment for the Fed," chimed in Jesse Cohen, global markets analyst at Investing.com.

"Embarrassing moment for the Fed." Ya think?

Powell needs to go. Didn't care for his policies during Trump's term, he shouldn't have been appointed, still don't care for his policies.

This wasn't a perfect phone call. Resign.

Biden formally announces he's running in 2024.

Announced it at 6AM. 6AM? Riiiiiiiiiiiiiiight. 

^LINK

News Round Up

RT: China is ‘ghosting’ the US because normal diplomacy has proven useless.

No countries are returning Biden's call. The only one is Zelensky, begging for ... 

Breitbart: Zelensky DEMANDING another $14B.

-

Rolling Out: Rapper EGYPXN shoots mother, sister, brother. Drops music video. Then is killed in a police shootout.

-

Forbes: OPEC Back in the Driver's Seat.

Why OPEC in the Driver's Seat? Because they can't stand Biden, he alienated them and China will buy all they have. Happy Summer Gas Prices!

-

Not The Bee: Arnold Schwarzenegger went viral for filling in a pothole ... turns out it was an active service trench.

Arnold "Screw your freedoms" Schwarzenegger. Couldn't have happened to a more deserving Dick.

-

Daily Mail: Elon Musk calls to 'defund' NPR after it quit Twitter over spat with CEO, who branded the public broadcasting.

Taxpayer $ to NPR should have ceased decades ago.

-

Breitbart: Former NHL Player Raymond Sawada Dies of a Heart Attack at 38.

-

RT: Musk claims Twitter HQ landlord rejected homeless shelter plan.

Twitter owner Elon Musk has blamed his landlord for shooting down a proposal to use vacant office space at the social media company’s headquarters in San Francisco to help ease the city’s homeless crisis.

“We tried to turn it into a homeless shelter,” Musk said on Tuesday night in a BBC News interview. “They (the owners) won’t let us.” He added, “We’re only using one of the buildings, so the other building could be a homeless shelter.

Elon provides a partial solution.

Liberal Reaction: "We didn't think of this so we don't like the idea. What? Elon suggested it? Double-Ewwwwwwwwwwwwwww."

-

Forbes: BTC staying above $30K.

"Some say" ... it might be a time to consider buying.

-

207-year old Dianne Feinstein (D) asks for temporary fill-in. She'll claw to that Senator Seat until the first shovel of dirt hits her casket. FFS, Retire. 

Breitbart: Dianne Feinstein’s Request for Temporary Replacement on Committee ‘Unprecedented’.

No Republican would be afforded the same political leniency.

-

MSN: Kitty gets head stuck in iron grate drain.

Kitty extracted, doing fine and probably back to knocking everything off shelves and countertops.

Biden annual exam: He's "healthy and vigorous."

Biden is Healthy AND Vigorous!

Yeah...Okay...Sure.

Biden says, no recession this year or next year.

Annnnnnnnnnnnnnnnnnd.........mark! Timing starts to see how long Biden's words age very, very badly.

Breitbart: Biden: U.S. Will Not Have a Recession This Year or Next Year. 

President Joe Biden said Wednesday on “PBS NewsHour” that the United States would not have an economic recession this year or next year.
[.]
[JUDY] WOODRUFF: So when people at the Gallup Poll saying most Americans think next year the economy is going to be bad, do you think there’s going to be a recession?

BIDEN: No.

WOODRUFF: This year?

BIDEN: No. Or next year. From the moment I got elected, how many of the experts are saying within the next six months is going to be recession?

Well, we sure hope not, Cap'n Diaper. We already had 2Q's of negative growth last year:

PBS, July 29, 2022: U.S. just had 2nd quarter of negative growth.

al-Reuters, July 28, 2022: US Q2 GDP shows 2nd quarter of negative growth.

I don't think anyone can argue that Leni Riefenstahl's PBS and al-Reuters are two Right-Leaning publications. Both, and other news outlets, reported we had 2Q of negative growth last year. 

Two consecutive Q's of negative growth have been the past definition of recession. Until last year, when other reasons were added to what defines a recession, meaning we were in a recession even though we weren't. "...Reasons..."

We're likely going to have a recession this year and next year. Because last year...no one could have predicted it. They didn't see it coming.