Month: July 2022

WSJ: Baby-Formula Shortage Getting … Worse?… Bidenflation: Producer-price Index Skyrockets 11.3%

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A White House website didn’t solve it. Airlift flights from Europe didn’t fix it. Nine months after the New York Times first reported the shortages and three months after Joe Biden acknowledged he finally learned of it, retail inventory of baby formula dropped to its lowest level in July, the Wall Street Journal reports this morning: Availability of powdered formula products in … Read more

Draghi resignation refused…

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Despite winning a confidence vote, Italian Prime Minister Mario Draghi said he would resign after the populist Five Star Movement, a coalition ally, pulled its support for the government. In a roller-coaster day of politicking in Rome, Italian President Sergio Mattarella announced late Thursday that he would not accept the resignation of Prime Minister Mario … Read more

The First Amendment is Dead But You Already Know It

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by Chris Black Three people have been charged with 115 felony hate crimes for posting 115 fliers promoting something called the “Aryan National Army.” This is a flagrant violation of their First Amendment rights, goes without saying. With that said, we need to choose our battles because the government has systematically decided that people on … Read more

Fed members are tripping over each other to become more hawkish.

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Fed members are tripping over each other to become more hawkish. There is now an 86% probability of a 1% rate hike in two weeks:https://t.co/EZuPl45Eqz Volcker Madness. pic.twitter.com/XAYu5lQHP2 — Mac10 (@SuburbanDrone) July 14, 2022 Beige book pic.twitter.com/5PpsiS5QKi — Alessio (@AlessioTMAD) July 14, 2022 Fasten your seat belts https://t.co/LtwZCjyzO2 — Alessio (@AlessioTMAD) July 14, 2022 As … Read more

Collapse Coming: Consumer Prices Surge As Wages Fall

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by Mac Slavo of SHTFplan Consumer prices in the United States have surged higher while wages have fallen for the 15th straight month. This cannot go on forever, and a major economic collapse is on the way. The Consumer Price Index (CPI) soared 9.1% Year over Year (vs 8.8% exp and 8.6% prior), according to a report by ZeroHedge. The … Read more

United States’ 9.1% inflation rate is one of the HIGHEST among developed countries despite Biden saying the OPPOSITE – and is costing Americans an extra $500 a month

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by Boo_Randy How’s that “Build Back Better” working out for ya, ‘Murica? https://www.dailymail.co.uk/news/article-11010535/United-States-sees-one-HIGHEST-inflation-rates-developed-countries.html The United States is experiencing one of the highest inflation rates among developed countries, with the federal government reporting on Tuesday that inflation climbed to a 41-year high of 9.1 percent last month. The consumer price index, a broad measure of goods and services in … Read more

Biden claims the U.S. has lower inflation than “almost every major nation in the world,” but he’s lying — and even CNN isn’t buying it.

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Biden claims the U.S. has lower inflation than "almost every major nation in the world," but he's lying — and even CNN isn't buying it. "The rate of inflation in the U.S. is higher than it is in Canada, France, Italy, Japan, India, Mexico, China…" pic.twitter.com/F3ogqZjs71 — RNC Research (@RNCResearch) July 14, 2022

It’s Official: a Crash is Coming

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By Graham Summers, MBA The financial system is now screaming “RECESSION!” The yield curve is perhaps the single best predictor of recessions in the world. If you’re unfamiliar with how the yield curve works works, in broad terms, there are three categories of U.S. debt: Treasury Bills or T-bills (usually short-term debt), Treasury Notes (long-term … Read more

Rents in US Rise at Fastest Pace Since 1986, Buoying Inflation

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by Boo_Randy Rents are soaring and millions are homeless, yet the Fed is still fueling Housing Bubble 2.0 with its purchases of MBSs from its bankster cronies. https://www.bloomberg.com/news/articles/2022-07-13/rents-in-us-rise-at-fastest-pace-since-1986-buoying-inflation?sref=ibr3A0ff Rents rose in the US last month at the fastest pace since 1986, helping to propel overall inflation to a fresh four-decade high. An index measuring rent … Read more

Argentina braces for 90% yearly inflation after economy’s Minister’s exit

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This could be the future of the United States if we don’t get our inflation under control. What caused it? Government spending and the printing of currency! The same things we are doing right now. https://www.msn.com/en-us/money/markets/argentines-brace-for-90-inflation-after-economy-minister-s-exit/ar-AAZz1Ma?ocid=msedgdhp&pc=W046&cvid=224cb290dd3b48fca0946715e4a7373d So now we have Venezuela, Sudan, Argentina and soon to be Sri Lanka. Which country is the next? h/t … Read more

Sri Lanka president flees country, protesters storm prime minister’s office as state of emergency is declared

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Sri Lankan President Gotabaya Rajapaksa fled the country early on Wednesday, just days after thousands of protesters stormed his residence over the nation’s crippling economic crisis. Rajapaksa and Prime Minister Ranil Wickremesinghe had both agreed to resign, with the president’s resignation effective on Wednesday. Wickremesinghe said he will step down once a new government is … Read more

Founders of bankrupt crypto hedge fund 3AC go missing, as investors try to recoup assets

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Lawyers representing 3AC’s creditors say the physical whereabouts of Zhu Su and Kyle Davies are “currently unknown.” The court filing from Friday also alleges that the founders have not yet begun to cooperate with the liquidation process “in any meaningful manner.” The co-founders of failed crypto hedge fund Three Arrows Capital appear to be on … Read more