Author: Lamont Traeger

IDEA address: TVn1pUH8FmJSNowYxXJpuqcpPgiDwPx7kr
US Coal Prices Soar Above $200
4. 10. 2022 No Responses

US Coal Prices Soar Above $200

Bloomberg said spot coal prices for the week ending Sept. 30 increased to $204.95 per ton. Data was sourced from US Energy Information Administration, which said this was the highest price in records dating back to 2005. The energy-market shockwaves from Russia’s invasion...
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US Hits Chinese Firms With New Sanctions Over Iranian Oil
30. 9. 2022 No Responses

US Hits Chinese Firms With New Sanctions Over Iranian Oil

The US has slapped new sanctions on Chinese firms related to Iran’s petrochemical and petroleum trade, after years of reports of Chinese tankers engaged in sanctions-busting activity, and at a moment that a finalized restored JCPOA nuclear deal has all but....
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Germany: Greens Plan To Ban Native Germans From A Third Of Jobs To Promote ‘Diversity’
24. 9. 2022 No Responses

Germany: Greens Plan To Ban Native Germans From A Third Of Jobs To Promote ‘Diversity’

In the name of promoting “diversity,” ruling Greens in the German the city of Hanover plan to ban a third of native citizens from applying for government jobs so they can be given to migrants. “A green mayor makes the...
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White House Releases First Ever Comprehensive Crypto Regulatory Framework
16. 9. 2022 No Responses

White House Releases First Ever Comprehensive Crypto Regulatory Framework

Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and draconian regulation of the crypto ecosystem. The White House has published a legal framework for engaging with bitcoin and cryptocurrencies in t...
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Pentagon Halts F-35 Stealth Fighter Deliveries Over Use Of Chinese Alloy
8. 9. 2022 No Responses

Pentagon Halts F-35 Stealth Fighter Deliveries Over Use Of Chinese Alloy

The Pentagon suspended the Lockheed Martin F-35 Lightning II deliveries over Chinese rare-earth metals used in magnets for pumps on the stealth fighter jet. Defense Department spokesman Russell Goemaere told Bloomberg in an email that the F-35 program office...
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Bed Bath & Beyond’s CFO fell to his death from New York’s Tribeca skyscraper
4. 9. 2022 No Responses

Bed Bath & Beyond’s CFO fell to his death from New York’s Tribeca skyscraper

The Bed Bath & Beyond Chief Financial Officer Gustavo Arnal, who was found dead on Friday after falling from the 18th floor of a New York City apartment building, recently was named in a lawsuit accusing him of fraud. The incident occurred...
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Russian ‘De-Dollarization’ Escalates
1. 9. 2022 No Responses

Russian ‘De-Dollarization’ Escalates

Begins “strategic” plan to buy billions In “friendly” currencies. Ever since March 2018, when Moscow dumped practically all of its US Treasury holdings, Russia has been at the forefront of a global process of ‘de-dollarization&#82...
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Cineworld – The World’s Second-Largest Cinema Chain Confirms It Is Mulling Bankruptcy Filing in US
23. 8. 2022 No Responses

Cineworld – The World’s Second-Largest Cinema Chain Confirms It Is Mulling Bankruptcy Filing in US

Cineworld Group PLC confirmed on Monday that it is considering filing for voluntary bankruptcy in the U.S. as well as associated proceedings in other regions. The London-based cinema company–which owns Regal Cinemas–was responding to recent press r...
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China Jails Billionaire Xiao Jianhua For 13 Years, Slaps $8.1 Billion Fine
20. 8. 2022 No Responses

China Jails Billionaire Xiao Jianhua For 13 Years, Slaps $8.1 Billion Fine

In the most glaring lesson yet to the country’s upstart nouveau-riche oligarchs, a Chinese court has sentenced Xiao Jianhua, the billionaire founder of Tomorrow Group known for managing assets for descendants of prominent Chinese leaders, to 13 years i...
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North Korea fired two cruise missiles towards the sea
17. 8. 2022 No Responses

North Korea fired two cruise missiles towards the sea

South Korea says it is investigating launches after it detected two missiles fired from the North’s west coast into the sea. North Korea has fired two cruise missiles into the sea, according to South Korean officials, in Pyongyang’s first weapons...
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Spain Bans A/C Dropping Below 80°F, Threatens Massive Fines
6. 8. 2022 No Responses

Spain Bans A/C Dropping Below 80°F, Threatens Massive Fines

Penalties will range from up to €60,000 for minor offenses, to a maximum of €600,000 for serious violations. Citing “a real risk of a natural gas shortage during the coming winter,” the Spanish government has decreed that all shops, department s...
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Retail broker Robinhood cutting workforce by 23%
2. 8. 2022 No Responses

Retail broker Robinhood cutting workforce by 23%

Retail broker Robinhood CEO Vlad Tenev said Tuesday in a press release that the broker fintech company will reduce its workforce by approximately 23%. The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed...
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Von Greyerz: Some numbers about the massive money creation
4. 7. 2022 No Responses

Von Greyerz: Some numbers about the massive money creation

The massive money creation by central and commercial banks in this century has resulted in a growth of global assets from $450 trillion in 2000 to $1,540 trillion in 2020. Debt To GDP Growth As the chart below shows US...
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FTX gains option to buy BlockFi for up to $240mln
2. 7. 2022 No Responses

FTX gains option to buy BlockFi for up to $240mln

Cryptoexchange FTX has also agreed to provide BlockFi with a $400 million revolving credit facility, Prince said in a tweet. He added that BlockFi has faced a jump in withdrawals after news of crypto lending platform Celsius Network’s freeze. Sam...
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ECB Will Buy Italian, Greek Bonds Using Proceeds From German, French Bonds To Avoid Crash
29. 6. 2022 No Responses

ECB Will Buy Italian, Greek Bonds Using Proceeds From German, French Bonds To Avoid Crash

Not that long ago analysts and media joked that the ECB’s cunning “market fragmentation” plan – which became critical after Italian bonds crashed when markets realized that QT is not, in fact, QE and without the ECB backstopping worthle...
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