President Biden signed a $1.7 Trillion spending bill, because its all monopoly money anyway, right?! The Consolidated Appropriations Act of 2023 will keep the Government from shutting down, because none of us want that to happen...This bill was 4,000 pages long and filled with a lot of nonsense,
but at least they are banning TikTok on government issued phones. Message to parents, if your kid is using an app that a congressman is not allowed to use because of CCP spying, then maybe rethink what your kid is allowed to do.
Over 150,000 tech workers have been laid off this year and 51,000 of them
lost their job in November. Inflation is hitting the Tech industry harder than most. Google, Meta, Twitter and smaller startups are really feeling the hurt laid on by inflation and the continuing rate hikes by the Fed.
Kanye West managed to sink his personal net worth from $2 billion to
a measly $500 million in the course of just a few months. This comes from Kanye West becoming increasingly more unhinged from reality and more outspoken about radical views which include admiration of Adolf Hitler and the Nazi party. The reason we are highlighting this story is to show how crazy this year has been and how we should all just take a step back, realize we are living in the enemy's camp, and laugh it all off because Our Lord has already won the war.
If you take what the US has already given to Ukraine and what we are planning to give to Ukraine the total is going to be almost $100 Billion ($91.4B to be exact). Now, perhaps it is in our best interest to support Ukraine so Russia will not become an even more dominant power that will develop a border next to ally countries like Poland. Inflation hurts and this ridiculous amount of spending is absolutely a factor in why eggs and milk are so expensive. But deciding whether the aide to
Ukraine is the right or wrong thing to do because your favorite political commentator made a tweet is probably not the right way to go. Geopolitical conflicts are complicated, and it takes a lot of understanding and knowledge to come to a solution.
Peter Schiff and others are betting against Crypto. Many think that Crypto is coming to an end and they may be right after the FTX implosion that sent a tsunami through the digital currency world. Two things Peter is recommending investing in as an
alternative to Crypto...Gold and Agriculture. C3 may not agree with Mr. Schiff in the method of investing into Gold and Agriculture but we definitely agree with the sentiment. When both religious and financial commentators agree, you should probably take notice.
The Stock Market may be down, but some Hedge Funds are winning right now. Yahoo has a good story on this, but the gist is stocks performed so badly this year that some Hedge Fund Managers were able to spot a few
inefficiencies. This is not normally the case as the S&P 500 index beat out almost all hedge funds during the 2008–2017-time frame as Warren buffet predicted.
Tesla grew its
revenue 65% this year, Gross Profit Margin grew all year, and operating profit nearly tripled, yet Tesla Stock has fallen 19% this week. why? Because the market is not tied to any real production of goods and services, as we keep saying at nauseum. The Motley Fool has a story about why this happened, and their answer is that Tesla
grew too fast and even though they are continuing to grow investors are scared that Tesla will not be able to keep it up. The market moves based on fear and big players not on real economic activity.
BlackRock is the worlds largest Asset Management company and it has a world domination agenda that is a bit scary. When you look at their CEO Larry Fink and realize that the US government enlisted his help after the 2008 financial crisis which he was a main cause of, things start to get a little ominous. If you're interested in learning more about the man who controls $20 Trillion, than watch this video (https://youtu.be/GAIcet1mQwg).
However, Republican led states have pulled nearly $12 Billion from Blackrock due to their power-seeking commitment to ESG (Read the Daily Wire Story HERE).
