Month: August 2021

More Housing Inventory is Coming! 850,000 Borrowers Will Exit Forbearance Between August and October (Will The Fed And Biden/HUD/Congress Take Action?)

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by confoundedinterest17 The ball is in the court of The Fed, the Biden administration (HUD) and Congress. Will they take action? There will be more housing inventory hitting the market soon. As home prices are up and most are no longer in negative equity situations, some will decide to sell into this hot market. Obviously not … Read more

Snopes is a FAKE fact checker

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Snopes retracted 60 articles after a BuzzFeed News investigation found that David Mikkelson, its co-founder, plagiarized from news outlets in an attempt to scoop up web traffic. Mikkelson, who owns half the company, will continue as chief executive. https://www.nytimes.com/2021/08/13/business/media/snopes-plagiarism-David-Mikkelson.html?smid=tw-nytimes&smtyp=cur Snopes is a fake fact checker https://t.co/yQXwT3gFxC — Tim Pool (@Timcast) August 15, 2021 https://twitter.com/MrDavidAngelo/status/1426298550502240258   … Read more

WATCH: School Children shown propaganda song urging them to put their ‘Faith in Fauci’

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Parents at a grade school in Corpus Christi, Texas are demanding answers after their children were shown a vulgar propaganda video that encouraged the kids to stop complaining about wearing face masks and to put their faith in Dr. Anthony Fauci. It’s a class example of the sort of classroom indoctrination.. “It is propaganda and I … Read more

U.S. Ambassador has left the Embassy carrying the American Flag

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NEW: US AMBASSADOR HAS LEFT THE EMBASSY IN #KABUL. He and the flag are at the airport, per @CBSNews. — Ruffini (@EenaRuffini) August 15, 2021 Ambassador is at the airport with the official embassy flag. Sounds like the situation is deteriorating. https://twitter.com/wilddogranch/status/1426924749423321093 IT’S OVER! ALL FOR NOTHING, Americans Escape From Kabul Embassy! This is the … Read more

Digital Health ID Coming Next Month

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Former Biden Aid drops some information on what we can possibly expect in early September. In order to stop the fake cards they might roll out or announce the digital ID Health pass at the Federal level. Not sure but trying to put the pieces of the puzzle together. Read the original Tweet thread here: … Read more

Leaked Audio: DHS Chief Warns ‘We’re Going To Lose’ Control…MSM Ignore Worsening Crisis

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Mayorkas says border crisis ‘unsustainable’ and ‘we’re going to lose’ in leaked audio Watch the latest video at foxnews.com Homeland Security Secretary Alejandro Mayorkas met privately with Border Patrol agents in Texas and said in leaked audio that the border crisis is “unsustainable” and “we’re going to lose” if “borders are the first line of … Read more

At least the big intervention smash humiliated the World Gold Council

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by Chris Powell of the Gold Anti-Trust Action Committee (GATA) Dear Friend of GATA and Gold: Painful as this week’s government intervention against gold was for gold investors, at least it may have demolished what was left of the credibility of the World Gold Council. The council’s “chief market strategist,” John Reade, tiptoed up to the intervention and then … Read more

Whatever anyone thinks of Trump, no one can deny that Biden is the most pathetic president the US has ever had.

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…. pic.twitter.com/QUNzkxx1nX — ELINT News (@ELINTNews) August 15, 2021 “There's going to be no circumstance where you see people lifted off the roof of an Embassy of the United States of America from Afghanistan” – Joe Biden, July 8, 2021pic.twitter.com/R1qnnTvyoX — Jack Posobiec (@JackPosobiec) August 15, 2021 The American public has turned on Joe Biden … Read more

Eraserhead! The Fed Has Been Erasing US Dollar Purchasing Power (And Money Velocity) Since 1913 (Home Price Inflation Highest In Modern US History!)

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by confoundedinterest17 The purchasing power of the US Dollar has been virtually erased since the creation of The Federal Reserve in 1913 when $1,000 in 1913 is now worth $36.36. And M2 Money Velocity (GDP/M2 Money) has crashed and burned to the lowest level in history. Inflation? Home price growth YoY is the highest in modern … Read more

Ohio lawmakers consider hefty gas tax hike

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It’s been 14 years since Ohio raised the rate of tax on motor fuel. But in those 14 years, fuel efficiency, electric and hybrid cars, and rising costs of materials to maintain, repair and replace roads have widened the gap in funding for road infrastructure. “We look at it as a user fee for the … Read more

Inflation will be Biden’s Achilles’s heal… Perceived conditions for buying cars, durable goods & houses have deteriorated to the worst levels in decades.

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US inflation is at 5.4%/yr for July. Consumers are paying the price. With the explosive growth in the US money supply, I predict that inflation will reach 6%-9% by the end of the year. Inflation will be Biden’s Achilles’s heal. pic.twitter.com/46v9Xf3DRE — Steve Hanke (@steve_hanke) August 14, 2021 Fast Food This Year: 1. Chipotle raised … Read more

Peter Schiff: Larger Deficits Mean Higher Inflation

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by Peter Schiff of Peter Schiff Podcast Gold reacts counterintuitively to inflation fears. Fed changes the definition of transitory inflation. Q2 Productivity numbers disappoint analysts. Biggest government expansion of the welfare state since the New Deal and Great Society. Elizabeth Warren wants to sick the IRS on the middle class. AMC tries to pump their stock as a … Read more

Consumer Sentiment in U.S. Plunges to Lowest Since 2011 (Good Time To Buy A Home Falls To 30% Share Due To Raging Home Price Growth)

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by confoundedinterest17 U.S. consumer sentiment fell in early August to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects, inflation and the recent surge in coronavirus cases. The University of Michigan’s preliminary sentiment index fell by 11 points to 70.2, the lowest since December 2011, data released Friday showed. … Read more

Here’s how much your Social Security check may increase in 2022 – COLA for 2022 may be 6.2%.

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It looks like retirees will get a raise next year. The Senior Citizens League is a nonpartisan advocacy group for older Americans and has a history of accurately forecasting the annual cost-of-living adjustment. The group estimates the Social Security COLA for 2022 may be 6.2%. The boost would be much higher than the 1.3% change … Read more