ForexPeaceArmy
705 subscribers
2.74K photos
510 videos
6 files
1.18K links
ForexPeaceArmy.com

Analysis of hot economical, political global events, rumors and humor
Download Telegram
โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธโ˜ข๏ธ๐Ÿ—ฃโšก๏ธMeanwhile, there was a sensation in the investigations into the Biden family. The day before, the head of the Oversight Committee, James Comer , announced the start of a Congressional no-confidence procedure against FBI Director Christopher Ray due to the latter's refusal to provide the FBI document (Form FD-1023), allegedly revealing the Biden's machinations "in one country."

And just a few hours after the ultimatum was presented, Comer issued an official statement about the FBI's consent to provide the document :

โ€œAfter weeks of refusing to even acknowledge the existence of the FD-1023 tape, the FBI relented and is now allowing all members of the Oversight and Accountability Committee to view this unclassified tape, which memorializes conversations between a confidential source and a foreign national who claimed to have bribed then Vice President Joe Biden โ€ .

That is, Christopher Ray suddenly retreated under the onslaught of the Republicans? This could be a radical turn for Biden. It is noteworthy that with a high degree of probability, the โ€œone countryโ€ referred to in the document is Ukraine and the corruption episode with Burisma . At least that's the conclusion that can be drawn from the amount of the bribe that allegedly appears in the FBI records. We are talking about 5 million received by Biden when he was vice president. A similar order of money received is recorded by various bank documents on the firms of Biden and his partners, published back in 2019 .

Comer's application is more than serious. The oversight committee is going to hold a press conference today. Let's see what the "Biden files" from the FBI will open - the intrigue is serious, friends.

Adding fuel to the fire is a comment by Congresswoman Anna Paulina Luna , who tweeted following the results of the Oversight Committee hearing that " the FBI fears their whistleblower will be killed if exposed based on information he provided about the Biden family" .
โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธโ˜ข๏ธ๐Ÿ—ฃGary Gensler*:

We don't need more digital currencies... we already have a digital currency called the US dollar. For many centuries, it has never happened that the economy and the public needed more than 1 means of transferring value.

source: coindesk.com
* SEC Chairman
๐Ÿ‡จ๐Ÿ‡ณ๐Ÿ‡จ๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ Escalation is spinning up...
China
will pay Cuba to host a secret spy base where Beijing can spy on American ships and electronic communications in the US Southeast.

China and Cuba have reached a secret agreement for China to set up an electronic listening center on the island, in Beijing's new brazen geopolitical challenge to the US, according to US officials familiar with top-secret intelligence
โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธโ˜ข๏ธ๐Ÿ—ฃBinance.US suspends US dollar deposits after crackdown by regulators

June 8 (Reuters) - Crypto exchange Binance.US said on Thursday it is suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as early as June 13, just days after U.S. regulators sued Binance and its CEO Changpeng Zhao.
โ˜๏ธโ˜ข๏ธ๐Ÿ—ฃ - ๐Ÿ‡บ๐Ÿ‡ธThe fourth largest American bank Wells Fargo has limited cash withdrawals to $1,000 due to "emergency conditions and in order to serve all customers" - write many on social networks

No comments...๐Ÿค”
Please open Telegram to view this post
VIEW IN TELEGRAM
โ˜๏ธโ˜ข๏ธ๐Ÿ—ฃ - ๐Ÿ‡บ๐Ÿ‡ธ US macro data: Initial Jobless Claims

FACT: 261K
FORECAST: 235K
PREV: 233K

Highest level in 1.5 years
โ˜๏ธโ˜ข๏ธ๐Ÿ—ฃ - ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿฆ JPMorgan frightening: Growing gap between stocks and bonds threatens a 20% drop for stocks.
This media is not supported in your browser
VIEW IN TELEGRAM
๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฌ๐Ÿ‡งU.S. President Biden and British Prime Minister Rishi Sunak signed the Atlantic Declaration, a first-of-its-kind economic partnership on AI and other economic and trade relations .

And the next one -

๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ณ The United States intends to impose certain restrictions on the investment of American capital in the Chinese economy, said US President Joe Biden, speaking on Thursday at a joint press conference with British Prime Minister Rishi Sunak.

Start smelling like AUKUS... It all fits.
๐Ÿ”ฅ๐Ÿค”
Please open Telegram to view this post
VIEW IN TELEGRAM
Fed Bank Bailout Facility Breaks $100 Billion For First Time, Money Market Inflows Soar Again

โœ”๏ธUnfortunately, things are not going well for the Fed - money market funds received $36.6 billion inflows to a new all-time high of $5.457 trillion . This is the 7th week of influx in a row (and the 12th of the last 13 weeks)...
....๐Ÿ‘†Which begs the question, if everything is so great - regional bank stocks are at 3-month highs - why would they need $100 billion in debt from the Fed?
The Fed hasn't been sitting idly by - its balance sheet rose unexpectedly by $3.47 billion - the biggest increase since the SVB bailout...

As for QT, the Fed sold assets for a very modest $2.4 billion

By the way, during the last press conference, Powell noted that they can adjust QT depending on the situation. However, it cannot be said that the published figures should somehow radically influence the market.
โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธ-๐Ÿ‘†Guys, do you understand something?

โ–ช๏ธThe International Monetary Fund
has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to alter course with its rate-hiking cycle, CNBC reported on Sunday, citing IMF's Managing Director Kristalina Georgieva.

โ–ช๏ธReuters - US hotel developers run out of cash as construction lending dries up.

Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.
โšก๏ธ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ—ฃ๐Ÿ‘†European Central Bank interest rate hikes could take longer than usual to pass through to the real economy and their impact may be more muted than usual, ECB board member Isabel Schnabel said in a newspaper interview.

"Given the current shortage of workers, one could expect monetary policy transmission to be weaker than usual," Belgian newspaper De Tijd quoted her as saying in an article published on Wednesday.
โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธโ˜ข๏ธ๐Ÿ—ฃThe U.S. trade deficit widened by the most in eight years in April

โ–ช๏ธThe trade deficit jumped 23.0% to $74.6 billion.

โ–ช๏ธGoods imports rose 2.0% to $263.2 billion in April, boosted by motor vehicles, parts and engines.

โ–ช๏ธExports of goods plunged 5.3%, the most in three years, to $167.1 billion. That was the lowest level since February 2022.

โ–ช๏ธOverall exports fell 3.6%, the largest drop in three years, to $249.0 billion. That was the lowest level since March 2022. The services surplus was the highest since March 2021.

โ–ช๏ธThe nation's goods trade deficit with China widened to $24.2 billion in April from $22.6 billion in March.
Media is too big
VIEW IN TELEGRAM
โšก๏ธ๐Ÿ”Š๐Ÿ‘†Central Bankers Are Absolutely Buying Gold: Crowell

โ€œWe saw record holdings from central banks increase significantly in 2022 and will continue into this year.โ€ Ruth Crowell, chief executive officer at the London Bullion Market Association
โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธโ˜ข๏ธ๐Ÿ—ฃ Cryptocurrencies market snapshot - no comments...
โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธโ˜ข๏ธ๐Ÿ‘†Dear crypto lovers. As we can see, the conspiracy theory that any problems with the exchanges cause a decrease in the potential supply of bitcoin on the exchanges in anticipation of the upcoming QE is valid.

More precisely, the theory is precisely that this is done specifically so that the cue balls leave the exchanges and are not used for short.

A couple more lawsuits and it will be possible to vacuum the entire remaining volume for some 10 billion dollars.
โ˜๏ธโ˜ข๏ธ๐Ÿ—ฃ - ๐Ÿ‡บ๐Ÿ‡ธIn 2008 and 2020, the Fed provided liquidity to the overnight market when banks stopped lending to each other. This delayed the crisis. Only when the Fed took liquidity did the system collapse. This gives the Fed complete control over when the crash occurs.

Fed interventions to bail out the banking sector now exceed 2020 right before the crisis hit. The Fed's recently created Other Lending Facility and Bank Term Financing program totaling $278 billion is over $255 in 2020 and $133 in 2008. The spread adjusted for high yield options looks the same

When the Fed is ready to crash the markets, we will see a -20% to -50% reduction in the two credit lines created in March 2023 under the Fed's Term Financing Facility (BTFP) and Other Credit Extensions (OCE). liquidity, which is usually a repurchase agreement (REPO)
๐Ÿฆ๐Ÿ‡บ๐Ÿ‡ธBloomberg - The US budget deficit for eight months of the fiscal year increased by 2.7 times.

The US budget surplus in May amounted to $240.348 billion, which is 3.6 times higher than the figure for the same month last year ($66.223 billion), the Treasury Department said.
โ–ช๏ธBudget revenues fell by 21% to $307.487 billion.
โ–ช๏ธSpending increased by 20.3% to $547.835 billion. The main increase was in the Medicare health insurance program and in the social insurance system.