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When Microsoft went public in March of 1986, co-founders Bill Gates and Paul Allen, two friends from high school who bonded over their mutual love of computer science, became multi-millionaires. Gates, then 30, remained CEO and rose to prominence as one of the richest people in the U.S. The shares he sold made him $1.6 million, and the 45 percent stake he retained gained a market value of $350 million. The young CEO celebrated his newfound wealth by making a very sensible decision: He paid off his $150,000 mortgage, he told Fortune in 1986. "I bought one thing that was a tiny bit of a splurge," Gates told David Rubenstein during a 2016 Bloomberg interview. …

Weekly Recap 1) Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar. 2) China and France complete first LNG gas trade using Chinese Yuan, ending reliance on the US dollar for energy trades. 3) China and Brazil to settle trades in their own currencies, ditching the US dollar. 4) Brazil, Russia, India, China, and South Africa (BRICS) are developing a new currency, State Duma Deputy Chairman says. 5) Saudi Arabia partners with China to build a Chinese oil refinery for 83.7 billion yuan ($12.2 billion). 6) Kenya signs deal with Saudi Arabia and …

Abstaining from all food and water/juices or abstaining from all food but drinking water/juices?

https://www.tiktok.com/t/ZTRvxDPeV/

With the surge in demand for electric vehicles causing the need for more ‘Gigafactories to be built, demand is high for lithium ion batteries key ingredient: cobalt. Cobalt is an earth metal that makes up about 35 percent of the lithium ion battery mix — the battery used in EVs and smartphones. The battery business makes up 42 percent of the global cobalt demand, and companies such as Tesla, Apple and Google are scrambling to secure as much of the precious metal as possible. Like most things, this is easier said than done. Cobalt supply is already in a severe deficit and thats without considering the exponential increase of nearly 500 percent in demand that is t…

The chemical industry perpetually uses devious tactics to con health-seeking people into poisoning themselves. The confusion existing around fats and oils is intentional, and it is designed to prevent us from making healthier choices. The margarine scam of yesteryear presented margarine as a healthier alternative to butter. The medical establishment bought into the lie, and then it advantageously based an entirely new business segment upon eliminating cholesterol. Thus began another lucrative partnership between the food industry and the petrochemical industry, which are conveniently owned by the same people. One group profits from doing the damage, and t…

https://www.youtube.com/watch?v=t5ayg3hbhoM

Authored by Michael Snyder via The Economic Collapse blog, The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes. Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives. In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve. As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our entire financial system. But…

Their stock price is down >40% over the last month First Republic Bank's stock has been halted again due to circuit breaker rules after falling by 22%. This is the second time in a week that the First Republic Bank's stock has been halted due to a steep decline.

Who has the TIME for this stuff?

Consumer prices edged up 0.1%, according to new CPI data. That effectively cancels out the wage growth from June. But you already knew this.....