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“Nasdaq Whale” Beached: SoftBank’s Attempt To Corner Tech Stocks Leads To $3.7BN Loss

The last time we looked at SoftBank’s performance in the public capital markets following the stunning news reported here first that it was the Japanese Conglomerate that had attempted to corner the Nasdaq using derivatives to create the biggest “gamma squeeze” on record which led to a massive late-August melt up in FAAMG names (and…

Once “Immune” To The Pandemic, The Financial Industry Is About To Face A Wave Of Layoffs

By Tyler Durden We covered  when Wells Fargo laid off 700 employees in early October, noting the bank, best known in recent years for scamming retail customers and botching small business refi loans, was just likely just starting to implement a larger plan that would result in the loss of tens of thousands of jobs. We…

De Blasio’s Daughter In Verbal Slip Up, Claims Biden “Was Able To Steal” Election

Authored by Paul Joseph Watson via Summit News, Mayor De Blasio’s daughter was caught in an embarrassing on camera verbal slip up when she told an interviewer that Joe Biden “was able to steal” the election. There were in fact two major gaffes, with Chiara de Blasio initially telling the interviewer how happy she was…

NYC to Experiment Responding to Some Calls With Mental Health Workers Instead of Police

By John Vibes On Tuesday, New York City Mayor Bill de Blasio announced a new pilot program that will send mental health and crisis workers instead of police on emergency mental health calls. The program is expected to begin in February and will be composed of new mental health teams from the Fire Department’s Emergency…

JPMorgan Finds No Benefits From COVID Lockdowns

While the latest vaccine progress news out of Pfizer was welcome by the market (and its CEO who sold over 60% of his PFE stock on the day of the announcement) in a week where global infection resurgence continued with cases jumping 8% W/W last week (537k vs. 309k in Aug-Oct) and EU/ UK re-imposed…

Taxpayers Hit for $750K After Cops Attack NBA Star Sterling Brown — for Parking Incorrectly

By Matt Agorist Milwaukee, WI — In January 2018, Milwaukee Bucks guard Sterling Brown was running into a Walgreens store when he was approached by a lone police officer. That one officer then called for backup and within minutes, nearly a dozen cops had this innocent man, surrounded, assaulted, tasered, and arrested because he had…

Americans Didn’t Vote Against Trump, They Voted Against More Media Psychological Abuse

Authored by Caitlin Johnstone via CaitlinJohnstone.medium.com, The word “coup” is being thrown about in American liberal media today, not because US liberals suddenly became uncomfortable with the fact that their nation constantly stages coups and topples governments around the world as a matter of routine policy, but because they are all talking about (you guessed…

Deutsche Bank Proposes A 5% “Work From Home” Tax

By Tyler Durden At a time when the Fed is already monetizing the entire US budget deficit thanks to helicopter money, sparking conversations about the utility of taxation, and when a Biden administration is set to at least try and roll back most of the Trump tax cuts, the last thing the population wants to…

17 People Were Shot In Chicago On Monday Alone

We’re not sure what it’s going to take for Chicago mayor Lori Lightfoot to realize that backing her city’s police department and enforcing the law, not avoiding it, is what’s going to make a difference in cleaning up her city. Perhaps the following stat will be shocking enough for her to get a grip on exactly what…

Investigation: Facial Recognition at Schools is Growing Due to COV*D1984

November 11, 2020 By The Conscious Resistance Derrick Broze breaks down a new investigation from WIRED magazine which reveals the growing use of surveillance and facial recognition in response to COVID1984. Schools are prisons, free the kids! ? Watch on Minds / Flote / Hive / Bitchute / Odysee Source: Schools Adopt Face Recognition in…

Rogoff Warns Of Dollar “Calm Before The Exchange-Rate Storm”

Authored by Ken Rogoff via Project Syndicate, Core dollar exchange rates have so far been surprisingly stable during the pandemic, most likely because major central banks’ policy interest rates are effectively frozen at or near zero. But although the current stasis could last awhile, it will not last forever. With alternative assets such as gold…

In Blow to Online Privacy EU Seizes on Vienna Attack to Enact Long-Desired Ban on Encryption

The European Union is rushing through new legislation to get rid of end-to-end digital encryption. This would mean the end of privacy for users of popular messaging apps like WhatsApp and Signal. A European Council draft resolution on encryption quietly published on Friday afternoon lays out the EU’s Orwellian position in detail. “The European Union fully…

Cohen Cleans House: After Securing Mets Purchase, New Owner Purges Team’s Front Office

With his $2.475 billion purchase of the New York Mets finally closing late last week, Steve Cohen is officially in charge of the Mets. And his first order of business is cleaning house. Cohen immediately fired general manager Brodie Van Wagenen and special assistant Omar Minaya, who has was the team’s GM for 6 years between…

Congress to Cast Vote Next Month That Will Legalize Cannabis Nationwide, Expunge Arrests

By Matt Agorist On November 3, 2020, history was made in the American war on drugs. Drugs won. Oregon moved to decriminalize all drugs, even hard ones like meth and heroin as five other states moved to legalize cannabis in some form. Fast forward to this week and a top leader in the US House…

Europe To Pay Lower Price For Pfizer COVID Vaccine Than US

Even after the Trump Administration shelled out $2 billion in Operation Warp Speed money to secure 100 million doses of the Pfizer-BioNTech vaccine (don’t listen to the MSM when it claims Pfizer hasn’t benefited from government money), Europe has still somehow managed to secure a better price as part of a deal reported earlier on…

One Way Or The Other, Life In America Will Be The Same After This…

Authored by Michael Snyder via The The Economic Collapse blog, How in the world will it be possible for America to have a bright future when about half the country is going to feel like the election has been stolen from them no matter what the final outcome is?  There simply isn’t going to be…

Walmart to Introduce Self-Driving Cars for Grocery Deliveries Despite Accidents, Expert Warnings, and Eliminating Human Jobs

By B.N. Frank A 2019 study determined that the implementation of Artificial Intelligence (AI) could affect all occupational groups. There have also been countless reports already about humans losing their jobs to robots and AI (see 1, 2). Even though Walmart has decided to eliminate their store robot employees – they seem intent on replacing…

Forget The ‘Blue Wave’, JPM Says ‘The Democratic Tide Actually Went Out’

Assuming no unexpected reversals from state recounts or voter fraud litigation, last week’s Biden election win was historic – for the first time in 100 years, a challenger unseated an incumbent President at a time of strong economic and market tailwinds. The rarity of such an outcome tells you how hard this is to accomplish….

Klaus Schwab: “Technocratic Dictatorial Rule By A Tiny Elite”

Writers, journalists and analysts are dancing around the fact that Technocracy has been the plan of the global elite for a very long time. It didn’t just start. It wasn’t by random chance or just the “luck of the draw.” Modern globalization started with the formation of the Trilateral Commission in 1973, founded by David…

Bomb Strikes WWI Memorial Event In Saudi Arabia Hosted By Western Diplomats

A terror attack has targeted a World War I commemoration event in Jeddah, Saudi Arabia on Wednesday, resulting in several people wounded and widespread panic.  The ceremony was attended by Western diplomats on the occasion of European countries observing Armistice day or Remembrance day, November 11, which this year marks 102 years since the end of the…