TAXPAYER RISK: Obama Presidential Center's $470M endowment sits at just $1M as subcontractors claim they're owed millions days before grand opening.
The fund was promised as an insurance policy so Chicago taxpayers wouldn't get stuck covering future costs on the 99-year deal. Construction costs have ballooned from $330M to at least $850M.
The Obama Foundation says the center is 'fully funded' and plans to make 'significant investments' in the endowment in coming years — but critics say a promise to raise money later is not the same as having a funded backstop in place.
You do realize that the President is playing 4D chess when it comes to the economy and before Election Day gasoline prices will be down, inflation will be down and economy will be humming.
Scott Jennings on critics of White House UFC fight: " I guess they want to live in misery. But this is fun and we should have fun." Jamal Simmons responds, "I don't want to live in misery."
🚨WARNING: SOMETHING EXTREMELY BAD IS COMING TOMORROW!!
The Bank of Japan will officially raise interest rates to 1.00%.
Japan hasn't seen rates at 1.00% since the 1990s.
And if you think Japan has no impact on global markets...
YOU ARE COMPLETELY WRONG.
Every time BOJ hiked rates, Bitcoin dumped by 20%+ in days.
And this isn't just about Bitcoin.
It's about global liquidity.
It's about capital flows.
And it's about a market that isn't prepared for what's coming.
Let me explain.
The last time Japan operated in this interest rate range, the global financial system was already showing signs of stress.
In 1994, the infamous "Great Bond Massacre" wiped out roughly $1.5 TRILLION in bond market value.
Then the pressure intensified.
In early 1995, the Japanese yen went PARABOLIC.
On April 19, 1995, USD/JPY fell to 79.75 - the lowest level ever recorded.
Now here's the part almost nobody talks about.
Japan tightened policy...
Then was forced to reverse course.
Later that same year, the BOJ cut its discount rate back to 0.50%.
That single fact tells you everything you need to know.
Because when Japan tightens into a fragile system, the consequences don't stay inside Japan.
Japan is the backbone of global liquidity.
Japan is the world's largest funding source.
And Japan remains one of the largest foreign holders of U.S. debt.
Today, Japan owns more than $1.25 TRILLION in U.S. Treasuries.
Which means any major shift in Japanese policy will affect EVERY major asset class on the planet.
THIS IS THE WARNING.
Not because rates are rising.
But because the last time Japan reached these levels, financial stress was already there.
Markets aren't pricing that risk today.
But eventually, they will.
I've spent more than a decade studying macro and market cycles.
I've called many market tops and bottoms, including the $126K Bitcoin ATH.
Follow and turn notifications on.
I'll publicly post the next call here first.
I I’ll never forgive people who voted for Trump. This is on them. The Lincoln Memorial is hallowed ground. Where our greatest president, who gave his life to end slavery, is commentated. Where the Gettysburg Address is written. We live as graffiti now.
This UFC spectacle at the White House, dripping with corporate sponsors and pay-to-play billions is crass corruption. While families struggle to afford groceries, rent, and healthcare, we’re watching Trump play Gatsby on the People’s lawn.
This grift must end. We deserve better.
Be brutally honest: Are you deeply outraged that, while hundreds of millions of Americans and I are struggling financially, @elonmusk has just now become the world's first trillionaire, with more wealth than he could spend in 1,000 lifetimes? Yes or no?
🇺🇸 THE U.S. STOCK MARKET IS IGNORING THE MOST IMPORTANT SIGNAL RIGHT NOW.
Every time we have seen a large spike in inflation, the S&P-500 crashed violently.
This is only happening because the AI narrative is acting like a shield.
As soon as that hype fades, the market will realize what's happening.
That will result in a very bad crash.
The only reason Nithya Raman beat Spencer Pratt is because they "found" 47,000 votes out of nowhere.
Karen Bass's total stayed almost flat compared to Raman's climb. They kept it spicy until then end, eliminating the Republican with massive mail-in ballot dumps.
The system is designed for FRAUD.
@OANN
James Carville: "The worst Democrat’s 100x better than the best Republican. NOTHING can get in the way of that. We’re just looking to stop the son of a b*tch from taking the whole country down."
Thoughts?
CA homeless admit they are paid to fill out 4 to 5 fraudulent ballots a day or every time ballot mules come to rig California Elections.
The is a sophisticated election fraud operation funded with your taxpayer dollars through shady NGOs and Democrat politicians.
CA MAIL-IN BALLOTS under Gavin Newsom made permanent during 2020, with NO VOTER ID & NO SIGNATURE VERIFICATION.
Voters can literally place an "X" as a signature that is NOT verified. Below a "smiley face" is used, and the so called "witness" signature is not verified either.