Ecuador Begins US-Backed Law Enforcement Operations, Orders Curfew

The "Good News" Is Always The Same: The Stock Market Is Up... Until It Isn't Authored by Charles Hugh Smith via OfTwoMinds blog, Cloaking a fake "market" with artifice to maintain its asymmetrical distribution of wealth and income also cloaks its detachment from the real world. I often refer to the dynamics of self-correction and self-liquidation. Systems that use feedback to rebalance extremes are self-correcting: rather than accelerate as they approach a cliff, they slow down and reorganize to avoid runaway self-reinforcing feedback (i.e. positive feedback), a.k.a. run to failure. Some things are self-liquidating by...

Tether Launches Self-Custodial Wallet Supporting USDT, Bitcoin, & Tokenized Gold Authored by Naga Avan-Nomayo via TheBlock.co, Tether, issuer of the world’s largest stablecoin USDT, is stepping further out from behind the rails with the launch of its self-custodial wallet, which it says is designed to put its payments infrastructure directly in the hands of users, rather than operating solely as a backend layer for crypto markets. The application, dubbed tether.wallet, targets "billions of users left behind by the traditional financial system," the firm said in a Tuesday announcement. Tether stated that it also builds...

President Trump on Tuesday threatened Iran with “consequences never seen before” if its forces lay mines in the Strait of Hormuz, as the Trump administration appears to be scrambling on how to deal with the war’s impact on the global oil market. “If Iran has put out any mines in the Hormuz Strait, and we […]