Thought for the day

"The difference between stupidity and genius is that genius has its limits." -- Albert Einstein

The Great Decline: California To Have MASSIVE Budget Deficit Next Year

In 2021, California's Independent Legislative Analyst's Office forecasted the state would have a $97 billion budget surplus for the 2022 fiscal year.

The EU has frozen Russian assets worth 68 billion euros. Politico writes about this with reference to the document of the European Commission.

"Belgium accounts for 50 billion euros out of 68 billion euros," the publication said. It is followed by Luxembourg, where assets worth 5.5 billion euros were frozen.

At the same time, the EU does not know the exact size of the frozen national reserves of the Russian Federation. In the document, they are estimated at an approximate amount of 33.8 billion euros.

Hungarian Prime Minister Viktor Orban today called the European Union's sanctions against Russia "a step towards war."

Orban is intensifying his criticism of Brussels' strategy, which he considers dangerous.

"Anyone who intervenes economically in a military conflict is taking a position," Hungary's nationalist prime minister said in his traditional interview with pro-government radio.

"Little by little we are sliding towards war," noted Orban, concerned by the buildup of sanctions against Russia over its invasion of Ukraine.

Stick a fiscal fork in ’em: These student loan debtors are done.

As they contend with a second legal setback to President Biden’s estimated $430 billion student debt cancellation plan, some exasperated borrowers told The Post they won’t ever pay another penny toward their massive tabs — regardless of how it might impact their future finances.

Germany may face a meat shortage and a subsequent surge in prices within the next four to six months, Die Welt reported this week, citing the German Meat Industry Association (VDF).

“In four, five, six months we will have gaps on the shelves,” Hubert Kelliger, the head of group sales at meat marketer Westfleisch and a VDF board member, told the news outlet.

The story of the scam that was FTX is going to be epic when discovery takes place for all of the upcoming trials.

In the meantime, here are some of the latest facts about this crypto Ponzi exchange:

There is a lot more to this story, and it intersects with all of the usual Cult players, from BlackRock to the CIA to the WEF and various “nonprofit” slush funds, et al.

Sam Bankman-Fried, the founder of FTX, which was, until last week, the world’s second-largest cryptocurrency exchange, is today facing prison time for allegedly defrauding his customers of billions of dollars. Bankman-Fried, 30, donated to many progressive causes allied with the “effective altruism movement,” including pandemic prevention and response.