Month: July 2022

Most Americans Think Government Is Corrupt, a Third Say Armed Revolution ‘May Be Necessary’ Soon

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Another sign of growing discontent in America? A new poll from the University of Chicago’s Institute of Politics finds a majority of Americans think the government is corrupt and stacked against them. To probably no one’s surprise, 73 percent of poll respondents who identify as “strong Republican” respondents agreed with the statement that the government is “corrupt and … Read more

Inflation may hit 15% this winter, as Bank of England hints it was considering steeper interest rate rises to cool inflation

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by Boo_Randy The Keynesian fraudsters at the central banks are always “considering” or jawboning about steeper interest rate hikes, while they keep expanding their balance sheets thanks to their “unlimited” bond buying “tools” which equates to unlimited QE. In terms of inflation, we ain’t seen nothing yet. https://www.dailymail.co.uk/news/article-11044827/Inflation-hit-15-winter-Bank-England-hints-considering-steeper-rate-rises.html

Paul Pelosi Already Up $500K on Stock Trade

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Democrats have carved out quite a niche for themselves as the party of the have-nots, even if it’s mostly a hypocritical marketing ploy. Bernie Sanders, the socialist, lives a pretty non-socialist life with a town house, a vacation home and all the comforts of the bourgeoisie while he claims to champion the proletariat. There’s no … Read more

PA Sending Out $650 Rent Rebate Payments

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Qualifying homeowners in Pennsylvania could receive rebates of up to $975 as part of the state’s property tax/rent rebate program, the Department of Revenue announced. An estimated $121.7 million will be distributed to homeowners across the Keystone State, targeting homeowners who are older, have a disability, or are renting property, per the department. The application … Read more

The RATS are Fleeing the TITANIC…

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NEW YORK (Reuters) -Deutsche Bank’s global investment banking coverage and advisory chief Drew Goldman will step down and be replaced by regional heads, according to a memo seen by Reuters on Monday. Goldman, who has held numerous leadership roles during his 22-year tenure at the German lender, wants to pursue opportunities outside investment banking, according … Read more

Chronic Wasting Disease in animals, not good

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CWD was first identified in captive deer in a Colorado research facility in the late 1960s, and in wild deer in 1981. By the 1990s, it had been reported in surrounding areas in northern Colorado and southern Wyoming. Since 2000, the area known to be affected by CWD in free-ranging animals has increased to at … Read more

Tesla on Autopilot Rear-ends Motorcycle, Rider Killed

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BLUFFDALE, Utah (KUTV) — A motorcyclist died after a crash on I-15 early Sunday morning after being hit by Tesla on autopilot, authorities said. According to a statement from the Utah Department of Public Safety, the motorcycle was traveling southbound near the Salt Lake-Utah county line just after 1 a.m. when the Tesla approached from behind. … Read more

Recession Warning? Total US Foreclosures Starts UP 440.91% YoY In June (Black Knight)

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by confoundedinterest17 This bit of housing news won’t soothe the Biden Administration which is terrified of getting blamed for a recession. Total US foreclosure starts are up 440.91% YoY in June, according to Black Knight. Rising mortgage rates, declining REAL wage growth? This spells trouble in River City (Potomac River city, that is!) Welcome to the Land of a Thousand home … Read more

Fair to say that consumer confidence in China has completely collapsed……..

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Fair to say that consumer confidence in China has completely collapsed…….. pic.twitter.com/suVOKmItFO — Otavio (Tavi) Costa (@TaviCosta) July 25, 2022 🇨🇳 #China | The sharp decline of Consumer Confidence (the year of Xi reelection) also explains why officials will react quickly to any negative shock.*HT @TaviCosta pic.twitter.com/V0fbdSlwEU — Christophe Barraud🛢🐳 (@C_Barraud) July 25, 2022 China … Read more

Global recession is coming.

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Global recession is coming. It's becoming increasingly clear that important Euro zone economies like Germany (blue) and Italy (orange) are heading for recession. What is a surprise is that US data are falling also (pink). We're in a synchronized slowdown, heading for recession… pic.twitter.com/HIvBa5KOIG — Robin Brooks (@robin_j_brooks) July 25, 2022 RECESSION IS COMING pic.twitter.com/5XJrhhgNNM … Read more

Reverse Currency Wars?

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by Claudio Grass via Claudiograss.ch Part II of II, by Claudio Grass, Hünenberg See, Switzerland “Reverse currency wars”? Although the parity event may have captured the attention of the mainstream financial press and most western citizens, there’s a much bigger shift that has been going on in the background, which received much less coverage. We are all familiar … Read more

The Official Story About the Economy Doesn’t Add Up

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by: Stefan Gleason It’s official: the economy isn’t going into recession. That pronouncement comes straight from the same top Biden administration official who last year declared that inflation would be transitory. On Sunday, Treasury Secretary Janet Yellen went on NBC’s “Meet the Press” and said, “This is not an economy that is in recession.” Interpretations … Read more

Ranchers Are Selling Off Their Cattle In Unprecedented Numbers Due To The Drought, And That Has Enormous Implications For 2023

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by Michael Thanks to the horrific drought which is absolutely devastating ranching in the Southwest, ranchers are now in “panic mode” and are selling off their cattle at an unprecedented rate.  In fact, some are choosing to sell off their entire herds because they feel like they don’t have any other options.  In recent days, seemingly … Read more