Welcome to Sott.net
Fri, 09 Dec 2022
The World for People who Think

Society's Child

Piggy Bank

Eminent economist flags 'biggest bubble in world history'

© Patrick McMullan/Getty Images
Robert Kiyosaki
Robert Kiyosaki has urged investors to dump their paper assets and to consider buying physical gold

The economy today is the "biggest bubble in world history," renowned writer and economist Robert Kiyosaki has warned. The co-author of the best-selling personal finance book Rich Dad Poor Dad has urged investors to dump their paper assets.

This year has brought little cheer for most investors as financial markets were exposed to high volatility, with stocks and bonds tumbling and even broad benchmark Exchange-Traded Funds (ETFs) going deep in the red.

While a host of financial assets have fallen in price amid the current market downturn, some investors have resorted to risky strategies with hopes for a potential reward. However, Kiyosaki believes that the worst is yet to come and cautions against giving in to such temptations.

Comment: His best advice: Do not trust the Fed.


59% of Moldova's citizens believe country is controlled by US or EU forces - poll

Ursula von der Leyen and Moldova's President Maia Sandu

FILE PHOTO. European Commission President Ursula von der Leyen and Moldova's President Maia Sandu.
More than 60% of Moldovans believe the country is ruled by external powers, according to a new poll conducted by the IMAS research institute. The survey was published on Tuesday and sampled some 1,100 adult respondents across the country.

The poll by the Chisinau-based data company shows that a majority - 59% - believe Moldova is under the control of US or EU forces. A further 3% suggested the nation is ruled by Russia. Only 32% thought it was actually led by President Maia Sandu, while 6% of respondents were not able to answer who exactly governed their homeland.

When asked how much the president was involved in the country's affairs, some 39% said she had not been engaged at all during her two years in office, while another 25% suggested she did not pay due attention to Moldova's internal affairs. Only 23% indicated Sandu had been properly involved in ruling the state, while some 8% insisted she was actively doing so.

Comment: Credit where it's due, because, despite the threat of looming blackouts and economic collapse, a significant number of Europeans are oblivious to the destructive influence that the US currently has on their own government.


TIME Magazine admits 'election denier' is nonsense invented to smear GOP

Hakeem Jeffries
© Fox News
Hakeem Jeffries
If 'election denier' doesn't describe what Hakeem Jeffries and other Democrats did in 2016, then it doesn't mean anything at all.

Time Magazine
claimed that Democrat and soon-to-be House Minority Leader Hakeem Jeffries' refusal to accept the results of the 2016 presidential election as legitimate doesn't count as "election denial" because he's not a Trump-supporting Republican, in a tacit admission that "election denier" is a nonsense phrase that only exists to make Republicans look like "threats to democracy."

In the Friday piece, Time staff writer Jasmine Aguilera admitted, "In tweets, news interviews, and House hearings, Jeffries called to question the legitimacy of Trump's election." She even embedded posts from the Republican National Committee with screenshots of Jeffries' tweets saying Trump and his "buddies in the Kremlin" were "trying to steal the election" and that "history" would "never accept" Trump as a "legitimate president." In another post, Jeffries said that "the more we learn about 2016 election the more ILLEGITIMATE it becomes. America deserves to know whether we have a FAKE President in the Oval Office."


US sports announcer Bob Rathbun begins convulsing and loses consciousness on air

Bob Rathbun
© Bally Sports
Bob Rathbun had a medical episode before the Hawks game
Atlanta Hawks announcer Bob Rathbun suffered a scary medical emergency while on-air.

Prior to Monday night's game against the Thunder, while color commentator Dominique Wilkins was speaking, Rathbun started convulsing and lost consciousness.

The Hawks said in a statement to The Post that the 68-year-old Rathbun was dehydrated, and is now "stable and responsive" while undergoing further treatment.

Comment: By this point, it would be probably more surprising if it WASN'T related to the experimental Covid jabs:


Big advertisers including Amazon returning to Twitter, says report

the bird is freed
Twitter's ad revenue had been declining rapidly since Elon Musk's chaotic £36bn takeover of the company, but the CEO appeared to confirm in a tweet, that some companies had returned.

Amazon is planning to resume multimillion dollar advertising on Twitter, according to reports.

The move will see Amazon ply about $100m (£81.3m) per year into the platform, now owned by Elon Musk, according to Reuters news agency, citing a tweet from the tech blog Platformer.

Comment: Elon removes all the child-porn from the platform and suddenly the big corporations don't want to advertise there anymore. Strange.

See also:


'Moderate and protect': The EU launches operation against Musk

elon musk european union

The European Union (EU) has warned billionaire technocrat Elon Musk that Twitter will be banned across the continent unless he reimplements Draconian free speech regulations.
The EU authorities are scrambling to protect their social media space against the 'free speech absolutist'

After Elon Musk's purchase of Twitter and the recent reactions of Brussels' bureaucrats, it has become clear how far the EU is willing to go in order to preserve its own bubble of political agenda.

Just as one needs a special dictionary in order to understand Kant's work and his own understanding of certain terms and concepts, more and more, one needs a special dictionary to understand the language of the EU. And the first entry to look up is 'F - Freedom'. Its synonym, 'liberty', is the first word in France's motto. And with the acquisition of Twitter by Elon Musk and the wish of the billionaire to restore total freedom of speech on the platform, we have a new opportunity to try to decrypt it.


Wokeism is costume elites wear to 'signal virtue' and 'hide greed, corruption': Former Levi's executive

jennifer sey
© Jack Wang/The Epoch Times
Jennifer Sey, former Levi Strauss and Co. chief marketing officer and brand president, as well as author of “Levi's Unbuttoned: The Woke Mob Took My Job but Gave Me My Voice," in Denver on Nov. 20, 2022.
The pose of wokeness is a costume that the left liberal elite puts on to virtue signal that they care about social justice and to hide their greed and corruption, said the former executive of a major brand-name apparel manufacturer.

Jennifer Sey, former chief marketing officer and brand president of Levi Strauss & Co., told EpochTV's "American Thought Leaders" program that she had "pushed back" on the public school closures due to COVID-19 for two years, and in the end, she was pushed out of the company for her advocacy.

Sey, who was sending her children to public schools, believed that prolonged school lockdowns were harmful to children and started speaking out against them at the beginning of the pandemic.

Comment: See also:


Kirstie Alley dies at 71 after battle with cancer

Kirstie Alley
Actress Kirstie Alley, who starred in "Cheers," "Veronica's Closet," and "Drop Dead Gorgeous," has died. She was 71 years old.

Kirstie Alley died of cancer, which her family confirmed was a recently found health issue for the actress.

"We are sad to inform you that our incredible, fierce and loving mother has passed away after a battle with cancer, only recently discovered," the statement said. "She was surrounded by her closest family and fought with great strength, leaving us with a certainty of her never-ending joy of living and whatever adventures lie ahead."

"As iconic as she was on screen, she was an even more amazing mother and grandmother," the statement continued. "We are grateful to the incredible team of doctors and nurses at the Moffitt Cancer Center for their care."


Former liberal darling Michael Avenatti sentenced to 14 years prison in California fraud case

Michael Avenatti
Michael Avenatti, the already imprisoned lawyer who represented porn actress Stormy Daniels in litigation against Donald Trump, was sentenced on Monday to another 14 years in prison after he admitted to cheating four other clients, including a paraplegic, out of millions of dollars.

The sentence imposed by U.S. District Judge James Selna in Santa Ana, California is in addition to the five years in prison that Avenatti, 51, was already serving for two unrelated convictions in Manhattan federal court.

Selna also ordered Avenatti to pay $10.8 million in restitution to the clients and the Internal Revenue Service. The agency said he obstructed it from collecting more than $3 million in payroll taxes from a coffee business he owned.

"Michael Avenatti was a corrupt lawyer who claimed he was fighting for the little guy. In fact, he only cared about his own selfish interests," U.S. Attorney Martin Estrada in Los Angeles said. "Now he will serve a richly deserved prison sentence."

Bizarro Earth

'Extraordinary new phase' of renewable energy as Ukraine war accelerates shift from fossil fuels, energy leader says

renewable energy
The global energy crisis is turbocharging an "extraordinary" boom in renewable energy so vast it could yet "keep alive the possibility of limiting global warming to 1.5C".

That verdict from the world-leading International Energy Agency (IEA) comes today in a new report, which also predicts the world will build as much wind, solar and other renewable power in the next five years as it did in the last 20.

The massive expected increase is some 30% higher than the amount of growth forecast just one year ago.

That fact highlights "how quickly governments have thrown additional policy weight behind renewables," amid energy security concerns following Russia's latest invasion of Ukraine, the IEA said.

"Renewables were already expanding quickly, but the global energy crisis has kicked them into an extraordinary new phase of even faster growth as countries seek to capitalise on their energy security benefits," said the think tank's chief, Fatih Birol.

Comment: And so we see how war is being manufactured as a means of pushing the 'leap forward' toward the Green Revolution. Surely, Mao would be proud. Never mind that renewable energy cannot save the plant or that it isn't MEANT to work. Just eat your bugs in the cold, and be contented that you are doing right because the elite technocrats certainly have your best interests at heart.