We know what’s coming and we are prepared.
🇬🇧🤡 How the British Government Covered Up 🇵🇰 Pakistani Grooming Gangs?
🇺🇸 US billionaire Elon Musk has sparked the controversy by calling out the UK government for failing to act on grooming gangs, which reportedly exploited 1,400+ children over the period of 1997-2013, while the authorities dismissed the issue.
💢 Musk labeled these crimes as a "mass crime" and accused PM Keir Starmer of complicity for not taking action.
What are these grooming gangs?
🤬 The grooming gangs, largely composed of men of Pakistani descent, targeted and abused young girls for years across cities like Rotherham, Rochdale, Telford, and others.
Threatening the victims with murder and threats of harming their families if they complained led many victims to suffer silently at the hands of the Islamists.
👮♀️ Investigations revealed systemic failures, with multiple scandals showing how authorities ignored or mishandled these crimes, because they feared of raising Islamophobic backlash in the country.
◾️ In 2023, then-Prime Minister Rishi Sunak launched a task force to combat grooming gangs, yet public outrage continues over the lack of accountability and delayed justice.
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🇸🇾 🏴 - New jihadist group in Syria issues a video statement threatening Christians and Alawites with suicide bombings.
"Moderate" free Syria, everyone!
🇺🇸📉💸 Regional banks are facing a perfect storm of credit problems, with commercial real estate loans comprising 44% of their portfolios versus just 13% for large banks. Office loan delinquencies have hit 10.4%, approaching 2008 crisis levels, while over $1 trillion in CRE loans must refinance by year-end in a higher-rate environment.
The Fraud Factor
Recent disclosures reveal deeper problems beyond market stress. Zions Bancorporation disclosed $60 million in provisions and $50 million in write-offs related to alleged loan fraud from its California division, while Western Alliance faced similar issues. These incidents echo Jamie Dimon's warning about "more cockroaches" in the credit market, suggesting systematic underwriting problems beyond economic cycles.
The Concentration Risk
Florida Atlantic University analysis found 59 of the 158 largest banks have CRE exposures exceeding 300% of total equity capital. New York Community Bancorp's Flagstar subsidiary shows a particularly ...
🇺🇸 America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shaky
J.P. Morgan’s David Kelly warned this weekthat while America is “going broke” it’s doing so slowly enough that markets aren’t panicking yet.
With U.S. national debt now topping $37.8 trillion and interest payments exceeding $1.2 trillion, Kelly said the debt-to-GDP ratio—already at 99.9%—will likely keep rising even under moderate growth.
Despite tariff revenues and temporary deficit relief, he cautioned that political choices or a slowdown could quickly worsen the fiscal picture, urging investors to diversify away from U.S. assets before “going broke slowly” turns fast.
🔗 https://finance.yahoo.com/news/america-going-broke-slowly-says-103935731.html
