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November 13: Crypto Bloodshed, Marvelous Inflation News, Europe still screwed (Recap ep201)

November 13: Crypto Bloodshed, Marvelous Inflation News, Europe still screwed (Recap ep201)

In today’s Recap, despite the terrible cryptocurrency scenario brought on by the bankruptcy of the FTX exchange, we finally have some positive news on inflation as it came in under what was projected; Europe is still having trouble meeting its energy demands for the next winter. The cryptocurrency market plunged on Tuesday after the 2 biggest crypto exchanges in the world, Binance & FTX, came to a merger agreement to fix the latest reported “liquidity crunch”. Bitcoin plunged over -14% on Wednesday, […]

November 6: The Fed Is going to destroy everything (Recap Ep200)

November 6: The Fed Is going to destroy everything (Recap Ep200)

In this week’s recap, the main news is the Fed raising interest rates again, pushing breaks more challenging economy in an effort to slow inflation. US markets ended negative for the week, and international markets ended mostly positively. Also, commodities and bitcoin finished positive this week. Labor Dept Fri US added +261K jobs in October & unemployment rate rose to +3.7%, with labor participation falling to 62.2%. The labor market shows other signs of slowing under the pressure of high prices, stubborn […]

October 30: Kanye West Canceled! Elon Musk buys Twitter, Middle Class being destroyed US (Recap ep199)

October 30: Kanye West Canceled! Elon Musk buys Twitter, Middle Class being destroyed US (Recap ep199)

The middle class will be most impacted by the interest rate increase and price increases, according to Marcello’s recap of th week. Elon Musk ultimately succeeded in acquiring Twitter, and Kanye West has been dropped by numerous firms due to some antisemitic comments. Elon Musk has finally taken ownership of Twitter with business efficiency, quickly firing top executives as he moves forward to achieve the agenda he has outlined for the influential social media platform. “The bird is freed,” he tweeted after […]

October 23: Record HACK in crypto, Internet Cable Cut, IMF Admits control with CBDC (Recap ep198)

October 23: Record HACK in crypto, Internet Cable Cut, IMF Admits control with CBDC (Recap ep198)

In today’s Recap, Marcello talks about how October is on track to be the worst month to date for digital assets that have been stolen through hacking; Another significant communication cable has been cut in France, affecting thousands of users around the world; According to the IMF, the use of CBDC would let governments control what people spend money on. Liz Truss has become the shortest-serving U.K. Prime Minister & the 1st since Winston Churchill to serve 2 monarchs when she resigned […]

October 16: Europe Burns Trash for Energy, Inflation persists, Real Estate Market collapses (Recap ep197)

October 16: Europe Burns Trash for Energy, Inflation persists, Real Estate Market collapses (Recap ep197)

In this week’s recap, Marcello talks about how Germany and Poland are allowing citizens to burn trash for heat; inflation persists. Pepsico is a prime example. Its prices have risen by 17% year on year; the real estate market is suffering as a result of central banks’ conservative policies. Russia launched cruise missiles on Ukrainian cities on Monday in what the U.S. called horrific strikes, killing civilians & knocking out infrastructure & utilities, with its most widespread air attacks since the start […]

October 9: Elon Musk Buys Twitter Again! US Govt buys anti radiation pills, Ukraine blows up Russian Bridge (Recap ep196)

October 9: Elon Musk Buys Twitter Again! US Govt buys anti radiation pills, Ukraine blows up Russian Bridge (Recap ep196)

In today’s Recap, Marcello talks about Elon Musk retaking his project of acquiring Twitter; the U.S. government has bought millions of dollars in antiradiation pills, Is it a coincidence?; and the bridge connecting Crimea and Russia has been blown up in an escalation of the conflict between Russia and Ukraine. U.S. President Biden’s stark warning Thursday evening that the world faces the highest prospect of nuclear war in 60 years was not based on any new intelligence about Russian President Putin’s intentions […]

October 2: New World Order crypto coin, Zuckerberg loses $76 Billion, Hurricane Ian causing Food Shortages? (Recap ep195)

October 2: New World Order crypto coin, Zuckerberg loses $76 Billion, Hurricane Ian causing Food Shortages? (Recap ep195)

In this week’s recap, Marcello tells us about how the IMF has some ideas about also pursuing a digital SDR mechanism; Forbes reports that Zuckerberg lost more than half his fortune and dropped from #3 on The Forbes 400 list of the U.S.’ wealthiest people to No. 11; and Hurricane Ian has caused significant damage to Florida, North and South Carolina’s infrastructure. Florida, North & South Carolina faced a massive clean-up on Saturday, from the destruction wrought by Cat 4 Hurricane Ian, […]

September 25: Stock Market Massacre, Tesla Recalls Vehicles, Russia Threatens Nuclear War (Recap ep194)

September 25: Stock Market Massacre, Tesla Recalls Vehicles, Russia Threatens Nuclear War (Recap ep194)

In today’s Recap, Marcello talks about the negative results of the markets overall; Tesla is “recalling” some vehicles to fix a bug on them; and Russia is said to be ready to use nuclear weapons if necessary. Electric vehicle manufacturer Tesla is recalling nearly 1.1M U.S. vehicles because the window automatic reversal system may not react correctly, after detecting an obstruction, thus increasing the risk of injury. The National Highway Traffic Safety Administration was told that Tesla will perform an over-the-air software […]

September 18: UK Banks limiting withdraws? FedEx collapses everything, Consumer Debt Explodes (Recap Ep193)

September 18: UK Banks limiting withdraws? FedEx collapses everything, Consumer Debt Explodes (Recap Ep193)

In this week’s recap, US & international stock markets remained negative, as investors brace for interest rates to keep rising rapidly. FedEx warns about the overall health of the U.S. economy with its dropped guidance. FedEx shares were down -21.65% at $160.52. Goldman Sachs warning further -27% drop S&P could be coming if inflation hawks are right. Inflation continues damaging US economy: Total US debt reaches 31 trillion; US inflation rose more exp in August +8.3% over the past year; US Grocery […]

September 11: US networth Craters $6 trillion, Housing Markets Collapses, Banned ads for meat products (Recap Ep192)

September 11: US networth Craters $6 trillion, Housing Markets Collapses, Banned ads for meat products (Recap Ep192)

In this week’s recap, US markets ended higher, as US household net worth fell over $6 trillion in Q2. 69 million households are canceling vacations, driving less & cutting grocery bills, with inflation hitting homes. Internationally markets mixed this week. Europe and Latin America mostly higher. Bitcoin higher this week: Up +7.40% from $19,850.90. Energy crisis continues around the world: European gas prices up by +35% on Monday; Japan currently imports about 94% of its energy supply; gas futures surging over +280% […]

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