Category: Business

Jack Dorsey Loses Half A Billion In A Day, His ‘Cash App’ Is Accused Of Lying To Investors And Catering To Criminals

On Thursday, March 23rd, his company Block (formerly known as Square) took a tumble in the stock market, as the price  of the company’s shares fell by nearly 15% – causing Dorsey’s net worth to fall by U$562 million dollars.

The sharp decline in share prices was caused by a report by Hindenburg Research “accusing the firm of misleading investors and embracing a criminal user base.”

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COLLAPSE OF THE DOLLAR? Investor Bets That Bitcoin Will Go From $27k To $1 Million In 90 Days – “The Bankers Lied”

One investor just bet $1 million dollars that Bitcoin will skyrocket over the next 90 days.

“This isn’t your typical fractional reserve situation. The problem is that there isn’t enough in the banks on a mark-to-market basis to cover withdrawals. They knew this through all of last year, and communicated it internally in their coded language.”

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‘Getting Very Close To Joe Biden’: Congress Probes Dozen Bank Accounts That Enriched First Family

Congressional investigators have identified a labyrinth of at least a dozen bank accounts that were used to funnel money from foreign sources to Joe Biden’s family and uncovered the first evidence that some funds went to benefit the future “resident,” the chairman of the House Oversight and Accountability Committee has disclosed.

“It’s getting very close to Joe Biden,” Rep. James Comer (R-Ky.) told Just the News.

“There’s so many problems,” he said. “He would have ethics violations, disclosure violations, tax evasion problems. So at the end of the day, we’re investigating Joe Biden. I know the press calls it the Hunter Biden investigation, but there’s so many Biden family, I mean, it’s investigating Joe Biden for the Biden family influence peddling. And I can tell you with confidence, they were influence peddling.”

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Meta To Layoff 10,000 More Staff In The Coming Months

Facebook parent company Meta is set to lay off another ten thousand employees in the latest round of layoffs in tech.

This is a new round of layoffs to hit the company, after they had cut over 10,000 jobs late last year. Meta, among other in the tech industry, have found themselves needing to cut costs. Which means they’ve needed to let go of thousands of employees.

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Donald Trump Gets the Last Laugh at Woke Bank That Closed His Account After the 2020 Election

Trump has gotten the last laugh in his battle against a ‘Woke’ bank that closed his account in the aftermath of the 2020 election. Signature Bank is now finding itself closed.

After the January 6 Fedsurrection, Signature Bank issued a self-righteous statement that was a signature example of Woke stupidity.

“We have never before commented on any political matter and hope to never do so again,” said the New York-based bank led by Joseph J. DePaolo. “However, as Americans we are deeply, deeply saddened by the rioting and insurrection which took place in the most sacred of American institutions, our United States Capitol.”

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Kevin McCarthy Signs Bill Killing Biden’s ESG Rule For Retirement Plan Investments

“President Biden is prioritizing politics over his own people,” House Speaker Kevin McCarthy said at a signing ceremony for a bill that would nullify a Department of Labor rule that allowed retirement plan investment managers to prioritize environmental or social factors (ESG) over financial benefits when making investment decisions should it pass into law.

“Hardworking Americans don’t need a regulation from Washington that steers them into higher fee, lower performing, less diversified funds, and that’s what these so-called ESG funds are,” Rep. Andy Barr (R-KY), who brought the bill to Congress, said. “Where people who are invested in ESG — unwittingly and without their consent in many cases — they suffer losses far greater than the average investor who is broadly and diversely invested across the board. And it’s true: these funds carry 43 percent higher fees which also eat their returns.”

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Remote Work Leading More Women to Have Kids: Report

Many Americans’ increased amount of time at home due to the flexibility of remote work is leading to more marriages and more babies, according to a new report by the Economic Innovation Group (EIG).

Women who work from home were 10 percent more likely to be pregnant or trying to get pregnant than their in-office counterparts — if their finances were in order — the report found. And a lot of it boils down to cutting out the commute to and from the office.

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Organic Food Store Green Zebra Shutters All Locations In Portland Amid Staffing, Supply Chain Concerns

Portland grocer Green Zebra is shutting down its 3 locations after ten years in business.

Green Zebra’s Founder and CEO Lisa Sedlar told Fox 12, “We have been holding on by a thread since the pandemic started and have been in austerity mode since then. We experienced 9 straight quarters of increases to our cost of goods, packaging, fuel, insurance, taxes, freight charges and well, pretty much everything.”

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Fixing The Incentives: How Fiat Money Broke The World

In the first three parts of this series, [the author] examined the different ways that fiat money has led to terrible incentives at the individual, corporate and national levels. We are more isolated than ever, we are less satisfied with our work and we work under tyrannical, authoritarian governments as a result of fiat money. In this article, I go through the ways the entire world is incentivized by fiat money.

The previous articles spoke more generally about how individuals, companies and nations are affected by fiat money. This article will be a lot more specific as there’s only the one world we live in and we don’t need to speak generally. Thus, I will start this article with some historical context as that will give us a better understanding of why the financial incentives in the world are the way they are.

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I'm Nate Houstman

I'm a blogger, podcaster, and web design and business consultant. Economic freedom is my mission, so I talk about money, entrepreneurship, and I expose the corruption in the financial system.

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