At War with the Truth

Countering free speech

Dow 40,000

Published in 1999

Took twenty-five years (and $7 Trillion in Fed Fun Coupons didn’t hurt either)!

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Welcome to the new paid subscribers!

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Start living life instead of consuming it.

Best commentary I’ve heard in a long time, and I listen to a lot of commentary.

Melody Wright with Mike Farris

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Countering Free Speech

The "advocacy group" mentioned below (Center for Countering Digital Hate) is closely tied to Keir Starmer's Labour Party, the ones currently doing the ridiculous fascist crackdown on British citizens.

I expect criticism of Kamala Harris to be called "hate speech" soon. More on this shady group here.

Link

This is not journalism, or even reporting, or clickbait. This likely a psy-op. But then again, CNBC is an infomercial.

“This is not the first rodeo of British and U.S. intelligence services creating a cutout for the purpose of influencing the online news economy, to rig public debate in favor of political speech that supports agency agendas.” - Mike Benz

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Today in Gaslighting

What’s wrong with this headline?

CNBC is truly awful. And, at times, funny.

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Rate Cut?

So the CORE CPI model, year-over-year, has been ABOVE THREE-PERCENT since April 2021, yet the Fed has tapered their anemic QT, and are talking a rate cut in September?

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Don’t Forget That The Fed Wanted High Inflation

CNBS had an article on Wednesday, "Consumer sentiment tumbles as ‘recession-like’ symptoms spread among Americans."

There's a line that says, "The major reason is stubborn inflation cutting into people’s paychecks."

I'd just like to again remind everyone of this:

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A win for the shorts

I’m not a short-seller (since 2009 at least), but I think they often provide a valuable service. Shout out to friend of the show Marc Cohodes, who has been railing against B. Riley ($RILY) for a long time.

The Credit Strategist has a nice B. Riley summary here: “The sooner this company is shut down by regulators - who should have acted sooner - the better.”

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”Swiss central bank will struggle to break its interventionist habit”

Thoughts and prayers.

Link

“The SNB creates Swiss francs out of thin Alpine air...they go and call their broker and go on a tour of the US stock exchange. They get involved in important companies from the S&P which create real profits, and they do that with money which has been created out of nothing”

Jim Grant, 2017

Free subscribers stop here. Go watch Seven Samurai.