Rudy Havenstein, Senior Markets Commentator. Profile picture
He/Haw/Xi Reichsbank President 1908-1923 Uncategorizable. Tweets are solely for my own amusement. "My way of joking is to tell the truth." - G.B. Shaw
Cheri Stahl Profile picture Red Redux V Profile picture Potato Of Reason Profile picture David Profile picture david Christoph Profile picture 8 subscribed
Feb 20 17 tweets 7 min read
Naked Capitalism is a left of center site.

I normally don't watch Carlson, but our government's massive attack on free speech this century via the "Censorship Industrial Complex" is an existential issue.

A perfect issue for common ground, left & right.

nakedcapitalism.com/2024/02/mike-b…
Image "...the financial stakeholders who depend on the battering ram of the national security state would basically be helpless against governments around the world."

#IMF #WorldBank

happyscribe.com/public/the-tuc…
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Jul 18, 2023 7 tweets 2 min read
Like most of you, I have the House Financial Services subcommittee hearing on climate-related financial risks and monetary policy on in the background right now.

c-span.org/video/?529389-… There's something called the "Network for Greening the Financial System." Not sure what they do but pretty sure the main goal will be you will own nothing.
Jun 27, 2023 8 tweets 4 min read
"The bailout really did protect billionaires from taking a modest haircut" $SVB


commondreams.org/news/billionai…
zerohedge.com/markets/fdic-m…
Image This is disgraceful.

"Sequoia Capital, the world’s most prominent venture-capital firm, got covered the $1 billion it had with the lender. Kanzhun, a Beijing-based tech company... received a backstop for more than $900 million."

@secyellen $SVB @fdicgovarchive.ph/RYzxO
Jun 21, 2023 12 tweets 6 min read
This is a great question:

"Why aren’t we hearing about interest rate derivatives blowing up and taking down either a U.S. mega bank or its counterparty on the wrong side of the trade?"

wallstreetonparade.com/2023/06/wall-s…
Image "Adding to our curiosity as to how everybody landed on the correct side of the interest rate derivative trades during the fastest rate hikes in 40 years, is a chart in the most recent OCC derivatives report for the first quarter of this year...How is this possible?" Image
Jun 7, 2023 4 tweets 2 min read
"Fraud and scam and corporate malfeasance is the weather, and the Fed creates the climate."

- Christopher Leonard

thehub.ca/2023-02-02/how… "The Fed Trader will say, “Hey, we want to purchase $8 billion worth of Treasury bills from you at this price.” And the bank says, “Okay, here you go.”...It pumps up asset prices." Image
Feb 15, 2023 4 tweets 2 min read
"The average monthly payment for a new car has soared to a record $777, nearly doubling from late 2019"

archive.ph/7JClp In the years before the last housing bubble before this one, as Bernanke was utterly clueless, along with most of the MSM, you could learn a lot from little blogs.

In a similar way, Reddit, while mostly awful, does have some wheat in among the chaff.

reddit.com/r/REBubble/com… Image
Jan 2, 2023 12 tweets 7 min read
"...a few months ago [Marc Cohodes] went to the Bloomberg crypto team with all the information he had about Silver Gate and FTX, and the fact that there was something very wrong here...[Marc said] you should ask Sam these questions."

$SI #FTX

- @MikeBurgersburg with @ttmygh @MikeBurgersburg @ttmygh And their response was... (paraphrased)

Bloomberg Crypto: 𝙔𝙤𝙪 should ask Sam these questions.

Marc Cohodes: Why aren’t 𝙮𝙤𝙪 asking him these questions?

Bloomberg Crypto: Well, if we ask those questions, he won’t talk to us anymore.

#FTX cc @AlderLaneEggs Image
Dec 23, 2022 11 tweets 4 min read
"We don't want to give Sam the benefit of the doubt. He doesn't deserve it. He was committing crime from day one, and my personal belief is that this was just an extension of criminal activity that started from day one and just got ever bigger until it imploded." 💥

- David Dorr "When you go to institutional funds, you expect world class due diligence. And this guy failed even the most basic, basic due diligence tests. I mean, nobody bothered to ask this guy what he was using for his financial systems. I mean, I come from FinTech. These are the basics." Image
Dec 6, 2022 8 tweets 3 min read
"This isn't FTX or anything." - Barry Sternlicht (actual quote)

"Never believe anything in politics until it has been officially denied." - attributed to Otto von Bismarck Barry Sternlicht on CNBC earlier...
Nov 9, 2022 4 tweets 2 min read
""What is so amazing to me is how his entire social circle knew about this & just blithely overlooked it,” she said of his penchant for adolescents. While praising his charm, brilliance & generous donations to Harvard, those she spoke to...“all mentioned the girls, as an aside."" That quote is from Vicky Ward, quoted in a July 2019 NY Times story.

nytimes.com/2019/07/08/opi…

archive.ph/XEIzb
Oct 11, 2022 14 tweets 8 min read
"The modern economists & central bankers actually use [John] Law as model...a cognitive dissonance between the praise given to Law as...the first practitioner of what would be called active monetary policy & the complete disaster of his scheme."
Chancellor
podcasts.apple.com/us/podcast/edw… John "Law’s banking successors have been Ben Bernanke, Janet Yellen and Mario Draghi."

If John Law was alive today, he'd get a "Nobel" Prize.

"They fail to heed Cantillon’s warning that it’s all very well to embark on a grand monetary experiment, but there is no painless exit." Image
Sep 22, 2022 4 tweets 3 min read
Some of you may remember Stephen Glass, and a time when MSM lying was considered unusual, and wrong.

Anyway, "The deification of the chair of the Federal Reserve System was, in the roaring 1990s, something of an undisputed fact."

#FedHistory #Greenspan press.princeton.edu/books/paperbac… Image This apparently was not made up.

Spring 2001 #FedHistory #Greenspan providencephoenix.com/archive/featur… Image
Sep 16, 2022 20 tweets 6 min read
Just saving this for future historians. Image I'm not a crypto guy, but this guy set my b.s. meter spiking.

Come on, @CNBC.

"It's important for people to be able to operate in the ecosystem without being terrified that unknown unknowns were gonna blow them up somehow."

- Sam Bankman-Fried

cnbc.com/video/2022/09/…
Nov 23, 2021 5 tweets 2 min read
R.I.P. JFK Image Abraham Bolden was pardoned by Biden today.

goodreads.com/book/show/2834…
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Oct 11, 2021 4 tweets 2 min read
Since Greenspan, top 1% share of Net Worth has gone from 23.6% to 32.3%, while middle-class (50th-90th %) has fallen from 35.5% to 27.8%. This is the Fed-led kleptocracy I've railed against for years.

The 2020 bailouts made it all worse, as I warned.
fred.stlouisfed.org/series/WFRBSN4…
Image Seems to me the American Middle-Class has pretty much been destroyed already, am I right @jeromehpowell?

@federalreserve?
@neelkashkari?
@MaryDalyEcon?
@FSCDems?
@FinancialCmte?
@BankingGOP?
@SenateBanking?

fred.stlouisfed.org/series/WFRBSN4…
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Oct 8, 2021 19 tweets 7 min read
The Bill of Rights is all we Americans really have, and that's already been shredded by the "war on drugs" and the "war on terror."

To see so many actively trying to destroy the Bill of Rights is terrifying. Reading comments from so many terrified, sad people on here who actually think it's reasonable to show ID and a "passport" to buy a cup of coffee, and are furious at those who think that's repressive. What a way to live.
Jul 15, 2021 18 tweets 6 min read
I've noticed that people worth over $100 million don't generally worry about the cost of living. What you are experiencing in your daily life is not reality.

Reality is what some econ-cult math majors and the overpaid staff of a private-equity guy worth 9-figures tells you it is.
Jul 6, 2021 8 tweets 3 min read
"EU draft exempts private jets, cargo from jet fuel tax"


This is so typical of our amoral elites - rules are for YOU, not US - we're saving the world! https://t.co/hgOrjyBqZ4archive.vn/aW95d
Jul 1, 2021 19 tweets 8 min read
For tonight's homework, here are two Federal Reserve Bank of New York publications, both versions of "The Story of Inflation," from 1981 and 2010.

Note to Econ Majors: The pictures are already colored in.



https://t.co/LC2Szts7Vq https://t.co/dYA2tKniFemediacommons.unl.edu/MediaManager/s…
floridaliteracy.org/Financial/Inst…
Today I'll just post some random wisdom from New York Fed comic books about inflation...

"Inflation is very unpopular"
Mar 25, 2021 14 tweets 6 min read
I hate when I learn something new (to me) & stunning about the Jeff Epstein network (h/t MoodyKnowsNada.)

Where to begin?

So our new Secretary of State Anthony Blinken's stepfather, Samuel Pisar, was "longtime lawyer and confidant of...Robert Maxwell," Ghislaine Maxwell's Dad. Image "Pisar was one of the last people to speak to Maxwell, by phone, probably an hour before the chairman of Mirror Group Newspapers fell off his luxury yacht the Lady Ghislaine on 5 November, 1991." scotsman.com/news/obituarie…
Dec 29, 2020 6 tweets 3 min read
So let's check in on "Newsguard," one of the Orwellian groups (e.g., The Atlantic Council) that totally reliable sites like @voxdotcom and @axios use to decide what is "Unreliable" and "fight disinformation."

One example: axios.com/unreliable-new… OK, so "The Daily Wire" and "" are unreliable. Fair enough, maybe they are (I don't use either one of them).

So let's look into one of our new official arbiters of "reliability," Newsguard!

What's their advisory board look like?

Bongino.com
newsguardtech.com/our-advisory-b…
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