ASIA:   Moody’s Investors Service has downgraded the outlook for eight Chinese banks, including major institutions like Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank Corporation. This decision followed a similar downgrade of China’s government credit ratings. Additionally, Moody’s lowered Hong Kong’s outlook to negative due […]

  The Biden Administration’s stupidity mandating that those in the military submit to this worthless experiment MRNA vaccine or be dishonorably discharged has resulted in not just a shortage of pilots. Still, there has been a dramatic increase in heart problems among those who surrendered their human rights and took the vaccine. Heart problems have […]

According to a recent Federal Reserve report, US household wealth experienced a significant decline in the third quarter, largely attributed to deep stock losses. The central bank’s report revealed that household net worth fell by approximately $1.3 trillion, or 0.9%, from July to September, amounting to $151 trillion. The decline was primarily driven by a […]

  U Penn is the latest American university to lose a major donor due to misled students supporting Hamas. American universities were the first to promote the woke agenda and far-left policies. Hence it is not surprising to see privileged kids ripping down American flags and replacing them with the Palestinian flag. Hedge fund manager […]

Gallic Emperor Victorinus (268-270AD) was a soldier under the first Gallic Emperor Postumus, who possibly elevated him to the post of praetorian prefect after putting down a rebellion by Laelianus in 269AD. However, Postumus was murdered by his own troops organized by Marius, who became the new emperor. It was Victorinus who organized the overthrow of Marius, and subsequently, Victorinus was declared emperor by the troops. There was a rebellion in the city known today as Autun, in which he laid a siege that took 7 months. After his victory, he was assassinated by one of his own officers.

This hoard from the final year of his reign demonstrates the contagion of debasement from the Roman Empire and how in addition to the debasement from silver to bronze, the size of the flan also shrunk so that the full strike of the die was oversized to the planchet. These coins are generally Extremely Fine, showing little wear.  These are struck on reduced size planchets so the complete design does not appear. This hoard was most likely buried during the 270-273AD period since eventually Rome reunited the Gallic Empire in 273AD.

The golden rule of government is that whenever something new emerges – regulate it even when you do not understand what you are doing. While the details are not yet set, the EU wants to be the first to regulate AI. This new legislation requires foundation models such as ChatGPT and general-purpose AI systems (GPAI) […]

Canada has announced a plan to use a cap-and-trade system to impose greenhouse gas emission limits on its oil and gas industry. Under the “draft framework,” Canada will issue emissions allowances to oil and gas producers, which will be capped at levels between 35% and 38% below 2019 levels, beginning in 2030. The government will […]

ASIA:   The major Asian stock markets had negative day today: NIKKEI 225 decreased 587.59 points or -1.76% to 32,858.31 Shanghai decreased 2.73 points or -0.09% to 2,966.21 Hang Seng decreased 117.37 points or -0.71% to 16,345.89 ASX 200 decreased 5.10 points or -0.07% to 7,173.30 Kospi decreased 3.31 points or -0.13% to 2,492.07 SENSEX […]

A recent study by Achieve revealed that despite a 37% increase in income, many Americans are facing financial challenges due to rising costs and high interest rates, leading to a surge in personal debt. The average monthly participation in debt resolution programs increased by 119% in the first nine months of 2023 compared to 2020. […]

    ASIA: November, core inflation in Tokyo, Japan’s capital, slowed down, aligning with the central bank’s expectation that cost-push pressures in the country will gradually ease. Service prices, a focus for the central bank in assessing wage-driven inflation, experienced their fastest increase since 1994, primarily attributed to a spike in hotel fees due to […]