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The EU is experiencing inflation. Will make the case to raise rates and this way the Fed can use this as why they are not lowering the rates.8 billion of the green new scam has been cancelled. Trump calls out Powell, letting everyone know he is an obstructionist. Powell is interfering on purpose. The [DS] is destroying themselves by telling the American public that they want illegals to get health insurance. Is this a cover story to keep the Government shutdown long enough to try to get ICE, National Guard to abandon their posts. No matter what the D’s do there is no coming back from this. Trump is now prepositioning the National Guard in the cities where Antifa operates or is shipped into. All this is being done for the insurrection that is coming to America.
Eurozone inflation rises over 2% target
Annual inflation in the euro area rose to 2.2% in September, up from 2.0% in August and the highest level since April, n .Among inflation’s key drivers, services led the pack with a 3.2% annual increase, up slightly from 3.1% in August, according to statistics body Eurostat, the statistical office of the European Union. Food, alcohol and tobacco prices rose by 3.0%.Although Wednesday’s figures means inflation now sits above the European Central Bank’s (ECB) forecast of 2%, it is still lower than in the UK where inflation was 3.8% in August.Source: uk.finance.yahoo.com
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https://twitter.com/russvought/status/1973450301236715838
ADP Payrolls Unexpectedly Crater To -32,000, Worst Since March 2023 And Below All Estimates
ADP reported that in September, the US private sector shed 32,000 jobs, the worst print since March 2023…… and far below the lowest estimate; in fact the print was a 6 sigma miss to estimates of which Pantheon’s +25K was the lowest.
the original number was actually well higher, at 11K, but after the ADP conducted its annual preliminary rebenchmarking of the National Employment Report in September based on the full-year 2024 results of the Quarterly Census of Employment and Wages (which as a reminder eliminated 911K jobs from the Biden regime that were never actually there), there was a reduction of 43,000 jobs in September compared to pre-benchmarked data. The trend was unchanged; job creation continued to lose momentum across most sectors.https://twitter.com/KobeissiLetter/status/1973365787143393588
jobs report we receive this week. Friday’s jobs report will not be published as long as the government shutdown continues.
BREAKING: Supreme Court Allows Federal Reserve Governor Lisa Cook to Keep Her Job… For Now
The US Supreme Court allowed embattled Federal Reserve Governor Lisa Cook to remain in her chair for now.The high court will hear the case in January 2026 and allow Lisa Cook to keep her job in the meantime.This also means Lisa Cook will be able to participate in December’s interest rate meeting.Source: thegatewaypundit.com
https://twitter.com/mrddmia/status/1973411249208594489
financial institutions.” “The Federal Reserve is committed to upholding the highest ethical principles to strengthen public confidence in the impartiality of its decisionmaking processes.” There is clear evidence Lisa Cook committed mortgage fraud when she lied about her principal residence to secure a lower interest rate. Even if Lisa Cook fraudulently secured this mortgage before her current Fed appointment, she is still benefiting from the lower interest rate each month. (Did she pay off the mortgage before she started?) President Trump fired her for cause under the relevant statute. Democrat activist lower-court judges purported to reinstate her. (Instead of simply paying them to go away, you can force the President of the United States to rehire people he doesn’t want working for him?) The Supreme Court refused to overrule them, instead punting the decision until next year. The Supreme Court must decide this: 1. Does ongoing mortgage fraud by a Fed governor create cause to fire her under the relevant statute? (This is laughably easy.) 2. If not, does the President of the United States have the Article II power under the U.S. Constitution to fire at will any executive branch officer (or employee), including a Fed governor? Or did our Founders unintentionally create another branch of government in the U.S. Constitution? (Again, this is laughably easy.) Maybe the Supreme Court will muster up the courage to follow the law after January? Apparently, October is not a good time.https://twitter.com/FOOL_NELSON/status/1973051643605266934
An obstructionist is a person who deliberately delays, hinders, or prevents progress, especially in official, legislative, or decision-making processes,
https://twitter.com/BitcoinMagazine/status/1973356959287116235
CAMT, enacted under the 2022 Inflation Reduction Act, imposes a 15% minimum tax on the adjusted financial statement income of large corporations (those with average annual adjusted book income over $1 billion). The original proposal would have included unrealized gains from digital assets like Bitcoin in this calculation—potentially taxing “paper profits” that hadn’t been sold—while exempting unrealized gains on traditional stocks.Key Changes in the Relaxed Rule
Exclusion of unrealized crypto gains: Corporations can now exclude unrealized appreciation in digital assets (e.g., Bitcoin holdings) from CAMT calculations, treating them similarly to stock gains. This aligns crypto taxation more closely with conventional assets and prevents a mismatch that could have triggered unexpected tax bills.Interim guidance: The new rules provide temporary relief while final regulations are developed, giving companies time to adjust.What This Means for PeopleThis development primarily benefits corporations and institutional investors holding large Bitcoin or crypto positions, but it has ripple effects for everyday people involved in the crypto space. Here’s a breakdown:
Group
Implications
Large corporations (e.g., MicroStrategy)
Major relief: Firms like MicroStrategy, which holds ~$27 billion in unrealized Bitcoin gains, avoid billions in potential CAMT taxes. This preserves cash flow for further investments, reducing financial strain and supporting corporate Bitcoin adoption. MicroStrategy’s stock rose ~5% on the news.
Individual Bitcoin/crypto holders
Indirect positive: No direct change to personal capital gains taxes (which only apply on realized sales), but it eases pressure on the broader market. Fewer corporate tax hits mean less forced selling of Bitcoin to cover liabilities, potentially stabilizing or boosting prices. Everyday holders benefit from a friendlier regulatory environment for crypto growth.
Small businesses or retail investors in crypto
Neutral to positive: If you’re not a massive corp, CAMT doesn’t apply anyway. But the policy shift signals U.S. regulators are warming to crypto, which could encourage more institutional inflows and innovation—good for long-term holders.
The wider crypto market
Bullish signal: Removes a key overhang that had worried the industry about “unfair” taxation of volatile assets. Expect short-term optimism, possibly higher Bitcoin prices, and more corporate treasuries viewing BTC as a viable reserve asset without tax penalties on fluctuations.
Overall, it’s a win for the crypto ecosystem, reducing regulatory friction and promoting parity with traditional finance. If you’re holding Bitcoin personally, keep an eye on your realized gains for IRS reporting—rules there remain unchanged. For personalized tax advice, consult a professional.
https://twitter.com/_johnnymaga/status/1973138881043419180