Month: July 2022

Over 80% of global countries are experiencing inflation over 6%. And these numbers are underreported. Buckle up.

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by BoatSurfer600 All over the western world, wages are being outstripped by runaway inflation, yet the central banks are still not tightening for real, and continue to create trillions out of thin air for their bond-buying sprees. https://asia.nikkei.com/Economy/Inflation/Australian-inflation-rises-to-21-year-high-peak-still-to-come Annual CPI exploded to 6.1% from 5.1% in June, more than 2x wage-growth gains

Cop goes on shooting rampage in China…

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Police in China’s Sichuan province are hunting for a decorated police officer who killed three people and injured two others in a Tuesday afternoon shooting rampage. The authoritarian Chinese Communist government has some of the strictest gun control laws in the world. The suspect, identified in Chinese media as Li Qiang, is a 36-year-old police … Read more

DISPATCHES FROM THE MINISTRY OF TRUTH: Facebook, Instagram Posts Flagged as False for Rejecting Biden’s Recession Wordplay.

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via REASON: Last week, the White House published an online article disputing the standard definition of an economic recession: i.e., two consecutive fiscal quarters in which GDP growth was negative. “Both official determinations of recessions and economists’ assessment of economic activity are based on a holistic look at the data—including the labor market, consumer and business spending, … Read more

Slowdown! US 30Y Mortgage Rate Declines To 5.28% Despite Fed Rate Hikes (Global Recession Alert!)

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by confoundedinterest17 After breaking the 6% barrier back in June 2022, Bankrate’s 30-year mortgage rate has backed-off to 5.28% despite Federal Reserve rate hikes. The reason for the decline in the US Treasury 10-year is, amongst other things, a global economic slowdown (partly due to the US and Europe “going green” and cutting the supply … Read more

Chinese invasion of Taiwan may come sooner than expected

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TAIPEI, Taiwan — The timeline for a potential Chinese attempt to take Taiwan by force seems to be getting shorter. Driving the news: Chinese President Xi Jinping warned President Biden not to “play with fire” over Taiwan on Thursday, according to the Chinese readout of a call between the two leaders. That contentious exchange comes with Beijing threatening … Read more