Dear DailyClout, On June 29, 2024 about 500,000 Patelco Credit Union members could not log into their accounts. At the time, the only update was on the https://x.com/PatelcoPays X page that said they were experiencing an outage. Over the course of the week, Patelco Credit Union Members have received emails from […]
“The Meltdown of Commercial Real Estate”
In case you’ve still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of US banks. Leaving taxpayers on the hook for trillions in losses. The note, by Senior Editor James Crombie, walks us through the festering hellscape that is commercial […]
Heading to Centralized Control: Digital Currencies (CBDC), Cyber Attacks & Climate
Originally published on the author’s Substack, Musings by Efrat Written by Efrat Fenigson for Bereshit Newspaper | Translated by Deborah Garber The European Union – Moving Towards CBDC Last month, a prank video by two podcasters called Van and Lexus posing as Volodymyr Zelensky, the president of Ukraine, who pulled a fast one […]
The Ever-Growing Gap in Income and Wealth
Since the publication of my book Survival of the Richest in July 2017, the bleak numbers I documented in terms of disparity of wealth have only grown worse. A recent paper from the Economic Policy Institute found that the top 1 percent of American families made an astounding 26.3 times […]