Home Daily Digests Musk-Leads X Joins WEF, Daring Shift Amid Criticism

Musk-Leads X Joins WEF, Daring Shift Amid Criticism

Elon Musk’s X joins the Global Alliance for Responsible Media, Berliner Volksbank closes AfD’s donation account, Patriot Front marches in Nashville, Target stops accepting personal checks, and gold gains favor amid global financial instability.

The User's Profile Ivor July 9, 2024
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Elon Musk’s recent collaboration with the World Economic Forum (WEF) has raised eyebrows, particularly given his previous criticism of the WEF’s ESG policies. Musk has appointed a WEF board member as CEO of X (formerly Twitter), which has now joined the Global Alliance for Responsible Media (GARM). GARM aims to combat harmful and misleading media content, a move that aligns with the WEF’s broader goals. This partnership comes as X faces declining ad revenue and accusations of allowing hate speech and disinformation. Despite Musk’s ambitious target of 600 million daily active users by 2025, X’s user base has stagnated since his takeover in November 2022.

In Germany, Berliner Volksbank has closed the donation account of the right-wing opposition party Alternative für Deutschland (AfD) following a petition by Grandmothers Against the Right (Omas gegen Rechts). The petition, which garnered 33,500 signatures, urged the bank to uphold its values of tolerance and opposition to right-wing extremism. Although the bank did not confirm the closure due to banking secrecy, the AfD’s website no longer lists the account for donations. This move is part of a broader trend of “de-banking” political figures and parties, as seen with British politician Nigel Farage and AfD co-leader Tino Chrupalla, whose accounts were also terminated due to their political views.

In Nashville, Tennessee, members of the Patriot Front marched over the holiday weekend, donning their customary facemasks, blue shirts, and khakis. The group, often described as right-wing, carried shields, banners, and flags while chanting and drumming through the city. The event has sparked discussions about the use of public funds and the group’s intentions, with some suggesting it was an attempt to divert attention from other political issues.

Target has announced that it will stop accepting personal checks as a form of payment starting July 15th. The decision, attributed to “extremely low volumes” of check transactions, is part of the retailer’s broader efforts to implement cost-saving measures. Target has also introduced a 10-item limit for self-checkout and instructed employees to intervene in thefts involving items worth $50 or more. These changes come as the company grapples with significant financial losses due to shoplifting, which Target’s CFO Michael Fiddelke has described as a “significant financial headwind.”

The global financial landscape is reportedly facing significant challenges, with political instability and economic turmoil becoming increasingly prevalent. In the US, the upcoming election is expected to result in a thin majority for either candidate, exacerbating political divisions. France’s President Macron and the UK’s Prime Minister Kier Starmer are also contending with limited support and mounting challenges. Geopolitical risks, including potential major wars and cyber warfare, add to the uncertainty.

As traditional financial systems falter, gold and silver are reportedly emerging as key assets for wealth preservation. The US debt has surged since abandoning the gold standard, and the stock market’s reliance on continuous debt expansion is unsustainable. The Dow-Gold ratio suggests a potential significant rise in gold prices, with central banks increasingly favoring gold over US treasuries. Experts like Egon von Greyerz advocate for holding a substantial portion of financial assets in physical gold and silver, stored in secure vaults in safe jurisdictions, as a hedge against the impending financial crisis.


Elon Musk’s Surprising Turn: X Joins World Economic Forum’s Media Alliance

Musk himself deemed the ESG policies of the WEF to be “satanic” only one year ago, but now, he has appointed a WEF board member to act as CEO of X.

Source | Submitted by bcoop

Banking on Values: Volksbank Shuts Down AfD Account After Petition

German bank Berliner Volksbank has closed the donation account of the right-wing antiglobalist opposition party Alternative für Deutschland (AfD) following a petition by a group calling itself Grandmothers Against the Right (Omas gegen Rechts).

Source | Submitted by richcabot

Patriot Front Marches in Nashville: Viral Spoof Video Sparks Controversy

The famed Patriot Front boys marched in Nashville, Tennessee over the holiday weekend for some reason.

Source | Submitted by richcabot

Target to Cease Accepting Personal Checks Amid Cost-Cutting Measures

Target will no longer accept checks as a form of payment beginning July 15th.

Source | Submitted by bcoop

As Political Systems Crumble, Gold and Silver Shine Bright

As political parties, currencies, stocks, bonds and other bubble assets fall, the indisputable winners will be gold and silver.

Source | Submitted by rhollenb

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