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“Biden just vetoed the only pro-crypto bill to ever come across his desk. This was a layup.”

After the recent shocking ETH ETF approval, many hoped that Biden was changing his tune of relentless antagonism toward the crypto industry – TheBlock even went so far as to report that the “Biden campaign ramps up crypto industry outreach in surprising tone shift” – and would not veto the bill overturning the SEC’s SAB 121 which makes it more difficult for entities like banks to custody crypto.

Well, that didn’t happen.

Late on Friday, Biden vetoed the bill  that would strike down Securities and Exchange Commission guidance that the crypto industry, the banks and Congress all say has stymied its ability to work with banks. The guidance, known as staff accounting bulletin No. 121, has also drawn pushback from banks since it was published in 2022. Lenders have said it effectively restricts them from scaling up services to hold digital assets on behalf of customers by making it too costly.

The resolution – which in May passed the House with a vote of 228–182, and then the Senate by a vote of 60-38 as 11 Democrats joined all republicans to smack down Liz Warren fluffer Gary Gensler – would have invalidated the SEC bulletin. Lawmakers backing the resolution, which passed the House in a 228-182 vote, said the guidance limits options for Americans who want to stow digital assets at traditional banks.

“My administration will not support measures that jeopardize the well-being of consumers and investors,” Biden said in a veto message released Friday evening. “Appropriate guardrails that protect consumers and investors are necessary to harness the potential benefits and opportunities of crypto-asset innovation.”

In his statement, Biden added that he was “eager to work with the Congress to ensure a comprehensive and balanced regulatory framework for digital assets” even though both the House and the Senate told him that the bill he just vetoed offered precisely that.

While the White House earlier this month said it opposed legislation that passed the House establishing a regulatory framework for digital assets – arguing it lacked sufficient consumer and investor protections – it stopped short of a full veto threat, indicating the president was open to negotiations on legislation governing the issue. It turned out all the senile president was “open” to was being manipulated by the anti-crypto militant wing of the Democratic party led by Senator Karen.

So, much to the chagrin of the entire industry, Biden – who is far too gone to have any idea where he is, let alone with a cryptocurrency is – ended up following the advice of a handful of millitant, anti-crypto socialist luddites led by Elizabeth Warren, a move that will cost him what little support he had left within the crypto space, which has found an ally in candidate Trump (at least until the election that is).

Some speculated that the admin’s double U-turn on crypto was prompted by the rigged ruling in the Trump hush money payments case, which allowed Biden to once again show his true anti-crypto colors…

… a decision which will now force the Democrats to come up with even more fake and illegal alien ballots to offset the flood of anti-Biden votes from the crypto industry. Even staunch never-Trumper Anthony Scaramucci said that the “very bad” veto decision will “cost him more than he realizes.”

As for Trump, hie recent efforts to court the crypto voters by both hosting an event for his NFT holders and promising to commute the sentence of Silk Road Ross Ulbricht seem to be working despite Trump’s mixed record on crypto.

But there’s no question about Biden’s record with crypto now. With this veto, Biden has explicitly aligned himself with the losing duo of Gary Gensler and Pocahonatos, and indicated he will continue to have the SEC’s back in their crusade against crypto.

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The country will be sold to foreign investors and its population replaced through immigration, the former Fox News host has claimed

The US has “betrayed” Ukraine and will destroy the country by selling off its land and “flooding” it with third-world immigrants, American journalist Tucker Carlson has predicted in an interview with former President Donald Trump’s son, Donald Jr.

In a video interview published on Friday, Carlson and Trump Jr. both agreed that US President Joe Biden has brought the world to the brink of World War III, and that the US is essentially “at war with Russia.”

“No-one’s articulated what victory in Ukraine looks like,” Trump Jr. said. “I don’t know what it means. Is it just like perpetual death of Ukrainians and Russians until they’re all wiped out and Blackrock comes in there and takes over all the farmland? That’s what it feels like to me.”

Blackrock is the world’s biggest investment company, and controls an estimated $10 trillion in assets. The firm is one of Ukraine’s largest foreign bondholders, and in 2022 signed a memorandum of understanding with Kiev stating that it would manage Ukraine’s post-conflict reconstruction. 

Several BlackRock alumni serve in the Biden administration, including Brian Deese, the head of the National Economic Council.

After Ukrainian leader Vladimir Zelensky signed a controversial package of land reforms into law in 2020, foreign investment firms like NCH Capital, BNP, and the Vanguard Group now control around 28% of Ukraine’s arable land, according to research by the Oakland Institute, an American think tank. Zelensky’s reforms were backed by the International Monetary Fund and US Agency for International Development.

“They’re already selling off lands in Ukraine to foreign investors, and they will flood Ukraine with third-world immigrants and Ukraine will not exist in 50 years,” Carlson stated. “There’ll be no Ukrainian nation. We betrayed them like no other country ever.”

Former President Donald Trump has repeatedly promised that he would end the Ukraine conflict “in 24 hours” if re-elected this November, telling a Libertarian Party conference last weekend that he intends to “quit spending hundreds of billions of dollars to fight other people’s wars.”

Trump has never fully elaborated on how he would do this, save for forcing Zelensky to negotiate with Russian President Vladimir Putin, but recent reports by Bloomberg and the Washington Post suggest that he would leverage the US’ massive military assistance to Kiev to pressure Zelensky into accepting the loss of some of Ukraine’s pre-conflict territory.

However, Trump’s rhetoric on Russia has toughened in recent months, with the former president telling donors last week that he “would have bombed” Moscow when Russia’s military operation began in 2022. Trump did not lobby his Congressional allies to block a $61 billion aid package for Kiev in April, and said at the time that he would support lending, rather than gifting, money to Zelensky in future.

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January 6th was a setup and a reverse coup and Maui was a massacre.

Look at the footage. Weigh the evidence. Don’t be a weak-minded fool. Because you are next.

Don’t miss:

BREAKING: Deep State Attempted To Shut Down Infowars Headquarters Last Night

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International Cocoa Organization has admitted that the global cocoa shortage will be significantly larger than expected

The International Cocoa Organization has admitted that the global cocoa shortage will be significantly larger than previously forecasted. Cocoa prices in New York have rebounded in recent weeks, inching above the $9,330 per ton mark to close the week. 

First reported by Bloomberg, ICCO forecasted demand will exceed production by 439,000 tons, driven mainly by higher cocoa grinding in consuming countries. This is the second estimate for the current October-September year and is much larger than the February forecast for a deficit of 374,000 tons. 

“Currently available data reveal that cocoa grinding activities have so far been unrelenting in importing countries despite the record cocoa price rallies,” the ICCO, adding, “As the 2023-24 season progresses, it is certain the season will end in a higher deficit than previously expected.”

After the ‘great cocoa’ run-up in New York in the first 3.5 months of the year, through the first half of April, from $4,000 a ton to over $12,000 (a record high), prices crashed into May, down 44%. But in the last nine trading sessions, prices have surged to $9,330, or about 39%. 

The ICCO has increased its estimate for global cocoa grindings to 4.86 million tons, up from the initial forecast of 4.78 million tons, and increased its production projection by 12,000 tons to 4.46 million tons.

The revised forecast has likely captured the attention of Andurand Capital Management’s Pierre Andurand, who has been bullish on cocoa prices this year. 

Earlier this month, Andurand joined Bloomberg’s Odd Lots hosts Tracy Alloway and Joe Weisenthal to discuss the cocoa trade. 

Weisenthal asked the hedge fund manager: 

So what did your analyst see? Or how was your analyst able to see something in the supply and demand situation that he felt, and you felt, was not being identified by the analysts who cover this closely?

Andurand responded:

I think it’s mainly an understanding of how much prices have to move to balance the market. You know, sometimes people can trade that market for like 20 years. They’ve been used to a range of prices and they believe, okay, the top of the range is the high price for example.

But they don’t really ask themselves what makes that price, right?. And sometimes taking a step back can help. I mean what makes the price is mainly the fact that in the past you would have the supply response if prices were going up. But if now you don’t get the supply response, or the supply response takes four or five years, then you need to have a demand response.

And a lot of people look at prices in nominal terms. So you hear people saying ‘Oh, we are at all time high prices in cocoa, but that’s because they look at prices in nominal terms. [The] previous high in 1977 was $5,500 something dollars a ton of 1977 dollars, which is equivalent to $28,000 a ton of today’s dollars.

So we are still very far from previous highs. And so you have to look at a bit more history and understand in the past how prices reacted to a shortage, how long it took to recover the product shortage to actually solve itself. And what’s different today.

So there’s a ratio that we look at that most people look at, it’s actually the inventory to grindings ratio. So it’s a measure of inventory to demand, what we call grinding is basically industrial companies that take the cocoa beans and they want to make chocolate with it. So it’s a process and some of them make the end product chocolate directly. Some of them sell back the product to other chocolate makers.

And so basically a typical grinder would take cocoa beans and make cocoa butter and powder with it. And the prices of both those elements also went up even more than cocoa beans, which means that actually we probably had some destocking everywhere in the chain.

So it looks like demand, when we look at the chocolate makers, the end demand for chocolate didn’t go down at all, it looks to be flat on the year. Grindings look to be down three, three and half percent this year, despite the fact that the end demand is the same in volume, which means that they’ve been destocking cocoa beans actually.

And so we had destocking everywhere — at the end chocolate level, at the cocoa beans, at the cocoa butter and cocoa powder level. So we had this destocking everywhere on the chain and now we have the largest deficit ever on top of two previous years of deficit. And it looks like next year we will have a deficit.

So we’re in a situation where we might actually run out of inventories completely. I mean this year we think we will end up with an inventory to grinding ratio — so inventory at the end of the season — of 21%. For the last 10 years we’ve been between 35% and 40% roughly. At the previous peak in 1977 we were at 19% and that’s what drove us to $28,000 a ton, of todays’s dollars.

If we have another deficit next year, then we might go down to 13%. So I don’t think it’s actually possible. That’s when you really have real shortage of cocoa beans, you can’t get it and that’s when the price can really explode. And so understanding that you have to slow down demand and we know that demand can’t really be slowed.

So that’s when you can have an explosion [in price]. And remember that these commodity futures, you need to have, they’re actually physically settled. So if somebody wants to take delivery, they have to converge with the price of the physical. If you have no physical, somebody wants to take delivery, the price can go anywhere.

So it’s a dangerous commodity too short, right? If you have no physical against it. And actually sometimes we read news that the funds have been pushing cocoa prices. It’s actually completely untrue because the funds have been selling since February. They actually went from a length of 175,000 lots, so that’s 1.75 million tons of cocoa lengths, I think it was around like September last year in average, or a bit earlier, to 28,000 lots to 280,000 tons at the moment.

So they sold more than 80% of their length actually. And the people who’ve been buying the futures from the funds, it’s producers because they’re producing a lot less than they expected.

So what has been happening in the cocoa market is that you had a reduction of what we call the open interest, where both the longs would use their length and the shorts would use their shorts. And then we get into a market where you have less liquidity because you have less exposure, you have less longs and less shorts, and then the volatility increases.

So in the past when people were comfortable being, let’s say, having a 100 lots position now because it moves more than 10 times more than in the past, we’re going to have like a 10 lots position, right? So the market became more — due to the fact that we had a massive move and we have a massive deficit, so everybody’s reducing their positions and because of the increased volatility, we have less activity. And that’s what makes the point more volatile as well.

Andurand reaffirmed his $20,000 price target for later this year or next year… 

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The movement’s forces struck ships in the Red Sea, the Arabian Sea and the Indian Ocean that “belong to companies that violated the decision to ban passage to [Israeli] ports.”

Yemen’s Ansar Allah movement, also known as Houthis, attacked a US aircraft carrier, destroyer and a number of ships in the Red Sea, Houthi military spokesman Yahya Saree said.

The Houthi navy, missile units and drones have conducted six operations, the spokesman said.

“The US aircraft carrier Dwight Eisenhower was attacked in the northern Red Sea with several missiles and drones,” Saree said, adding that a US destroyer was also attacked in the Red Sea.

The movement’s forces struck ships in the Red Sea, the Arabian Sea and the Indian Ocean that “belong to companies that violated the decision to ban passage to [Israeli] ports,” the spokesman added.

The US Central Command (CENTCOM) said in a statement that it had shot down one Houthi uncrewed aerial system and two anti-ship ballistic missiles in the southern Red Sea that had been fired in the direction of USS Gravely destroyer and were destroyed in “self-defense.”

Houthis vowed in November 2023 to attack any ships associated with Israel until it halts military actions in the Gaza Strip. Amid the Houthi attacks, some companies suspended shipments through the Red Sea. The attacks prompted the United States to form a multinational coalition, which includes the United Kingdom among others, to protect shipping in the area of the Red Sea, as well as to strike Houthi targets on the ground.

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Is This Infowars’ Last Broadcast? Patriots Rally Behind Alex Jones and Crew

Could Appalachia be primed for revitalization trends and capitalize off decarbonizing trends?

America’s transition to a decarbonized economy demands massive base metals and rare Earth minerals. Currently, China dominates the rare Earth mineral market. However, initiatives are already underway by the US federal government to sever reliance on the Chicoms and boost domestic mining and refining abilities. 

One unlikely area where 40% of the nation’s lithium supply could be sourced from is ‘Trump’s coal country,’ otherwise known as good ole’ Appalachia. 

According to Justin Mackey, a research scientist at the National Energy Technology Laboratory and PhD student at the University of Pittsburgh, wastewater from oil/gas rigs across the Marcellus Shale formation could supply the nation with 40% of its lithium needs. 

“This is lithium concentrations that already exist at the surface in some capacity in Pennsylvania, and we found that there was sufficient lithium in the waters to supply somewhere between 30 and 40 percent of the current US national demand,” Mackey told CBS News. 

Mackey said there are lithium mining operations in the US. But he told local media outlet Pittwire, “This is different. This is a waste stream, and we’re looking at a beneficial use of that waste.” 

He said finding lithium in water recycled in hydraulic fracking wasn’t difficult, adding, “If you can extract value out of materials, and specifically lithium from this, then you reduce the cost of remediating and handling this waste.” 

The researcher said future wastewater extractions of lithium from oil/gas rigs in neighboring states, such as West Virginia, Western Maryland, and Ohio, could spark an “economic boom for the region.”

Trump country has been economically decimated over the last several decades amid de-industrial trends. Death and despair, along with big pharma, helped ignite an opioid and pill epidemic that has killed tens of thousands, if not more. 

Could Trump’s coal country be primed for revitalization trends and capitalize off decarbonizing trends? If so, then the land across the region could become increasingly more valuable over the coming decade.

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Robert De Niro Runs From Angry New Yorkers