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    Janet Yellen

    Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event

    by Daily Digest

    Monday, January 18, 2021, 5:37 PM

Economy

UBS Wealth Warns Clients Crypto Prices Can Actually Go to Zero

Strategists at one of the world’s largest wealth managers are issuing a warning to newbie crypto investors plunging into the record rally: You could still lose all your money.

Between regulatory threats and central bank-issued competitors, there’s nothing stopping a wipeout in big-name digital currencies eventually, according to UBS Global Wealth Management.

After judge orders hospital to use experimental Covid-19 treatment, woman recovers

A judge ordered Millard Fillmore Suburban Hospital last week to give a Covid-19 patient an experimental treatment, and her family and attorneys say they believe that saved 80-year-old Judith Smentkiewicz’s life.

The drug Ivermectin – a pill sometimes used to treat children with head lice or to rid dogs and cats of worms – is not yet approved by the federal government for use against Covid-19. But Smentkiewicz’s son and daughter call it “a miracle drug” in their court papers.

Facebook Censors Mexican Cardinal for Denouncing ‘New World Order’

Facebook has censored a video of Cardinal Juan Sandoval Íñiguez, archbishop emeritus of Guadalajara, for suggesting that globalist leaders are exploiting the coronavirus pandemic to bring about a new world order.

In place of the cardinal’s weekly video, Facebook exhibited a greyed-out screenshot emblazoned with the banner “False information.” Underneath, Facebook added, “This publication repeats information about COVID-19 that independent fact checkers deemed false.”

The Ireland Event

For the past year, I’ve been consumed with how Covid numbers are used/manipulated to create political narratives. From China to WHO to don’t-test-don’t-tell to Covid Trutherism in all its forms … that’s been the windmill I’ve tilted at for almost 12 months now.

Last week I became consumed by a new twist on all this – Covid numbers that were being largely ignored. Insane infection numbers coming out of UK and Ireland, apparently driven by a new virus strain, that we acknowledged over here but didn’t seem to be too mussed about.

Americans Are Being Divided As The War On Domestic Terror Expands

Americans appear too divided and distracted to recognize that the architects of the Patriot Act and the failed War on Terror now have their sights set on the American homeland.

The first week of 2021 kicked off with chaos at the Capitol in Washington D.C. Was it a protest, a riot or an insurrection? Were there provocateurs, and if so, were they Antifa, the cops, and/or the Feds? As usual, everyone on the internet thinks they know the answer within ten minutes. Unfortunately, this genuinely leads to the spreading of unfounded theories – many based on nothing but speculation and emotion. But while the public is debating over theories and arguing amongst themselves, the newly emboldened Military Industrial Complex is eagerly anticipating the incoming Biden Administration as an opportunity to expand the War on Domestic Terror.

Poland Set To Make Censoring Social Media Accounts Illegal​​​​​​​

On Jan. 6, pro-Trump extremists stormed the US Capitol complex and disrupted Congress’s joint session to confirm President-elect Joe Biden’s electoral victory. Days later, social media companies went on a free speech crusade against President Trump, banning or limiting the president from various platforms, including Twitter, Facebook, and Snapchat.

It appears some Polish government officials have denounced big tech’s censorship of Trump. They are preparing to draft a law that will make it illegal for tech firms to ban accounts, according to The Guardian.

Top US banks’ tax bill could surge $11B under Biden administration

Top American banks could see their tax bill rise surge if President-elect Joe Biden forges ahead with his campaign pledge to increase the corporate rate.

A new analysis published by Bloomberg found that the nation’s six biggest banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley — could owe as much as $11 billion more in taxes if Biden increases the corporate rate from 21% to 28%.

Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package

Treasury Secretary nominee Janet Yellen on Tuesday steps into a new role following more than a quarter-century in government: salesperson for economic policy after years of defending Federal Reserve thinking and actions.

The Senate Finance Committee’s 10 a.m. hearing Tuesday is likely to feature topics from foreign-exchange policy to taxes, but it will also serve as the first congressional forum where lawmakers will vet President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan. Yellen will tell them that low borrowing costs mean it’s time to “act big,” according to her prepared remarks.

Gold & Silver

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Provided daily by the Peak Prosperity Gold & Silver Group

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