Month: November 2022

‘Buy now, pay later’ orders jumped 68% during the week of Black Friday (Yellen the Felon calls this “evidence of a strong consumer” – let’s see what she calls it when millions of debt donkeys end up defaulting on their loans)

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Online purchases using the type of financing known as buy now, pay later jumped 68% during the week of Black Friday (Nov. 21 to Nov. 27) compared to the previous week, according to the latest Adobe Analytics report, published Monday. Revenue from “buy now, pay later” — also known as BNPL — rose 72% week over week, … Read more

Housing market crash is happening right now

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Is this what "stable prices" look like to you? @federalreserve @MaryDalyEcon @RaphaelBostic @neelkashkari @SenateBanking @SenSherrodBrown Just looks like you stole HOMES from young families in order to line the pockets of old people and speculators. https://t.co/75oBxhqIbM — Darth Powell (@VladTheInflator) November 28, 2022 U.S. House Prices fall Another 1.5% in September Housing prices tumbled for … Read more

Ron Gould chair of Mojave County Board of Supervisors votes to certify under duress — ‘I will be arrested and charged with a felony !

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Looks like Kari Lake has grounds now for a real legal challenge! 🚨BREAKING: Chair of the Mohave County Board of Supervisors Ron Gould states he’s voting to certify the 2022 general election under duress: “I have no choice but to vote ‘Aye’ or I will be arrested and charged with a felony " pic.twitter.com/pxa0Cz8XfD — … Read more

U.S. Air Force to unveil the ‘most advanced military aircraft ever built’

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The B-21 Raider stealth bomber will be unveiled at the Northrop Grumman facility in Palmdale, California, on Friday December 2 The bomber was designed to carry out long-range bombing and nuclear missions employing cutting edge stealth technologies There are currently six bombers being built in Palmdale at the cost of about $2 billion per aircraft … Read more

Will Global Rate Hikes Set Off a Global Debt Bomb?

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by Daniel Lacalle via Mises Raising interest rates is a necessary but insufficient measure to combat inflation. To reduce inflation to 2 percent, central banks must significantly reduce their balance sheets, which has not yet occurred in local currency, and governments must reduce spending, which is highly unlikely. The most challenging obstacle is also the accumulation of debt. … Read more

Market Indicators Make The 2008 Structural Imbalances In Gold & Silver Look Like A Rehearsal

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Latifa Alkhanjary via Kinesis In this week’s episode of Live from the Vault, Andrew Maguire sits down with hedge fund expert and metals analyst, Dave Kranzler, to uncover the market indicators that point to the metals sector readying for the next move higher. The industry leaders expose the mania of shorting COMEX gold and silver futures, with market structural imbalances … Read more

NYC Subway Felonies Rise Faster Than Ridership

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The New York City subway system saw major felony crimes increase more significantly than the overall transit system’s ridership through October 2022, according to preliminary statistics. Major felonies were committed at a roughly 40.2% higher rate within the subway system from January through October 2022 compared to the same stretch in 2021, preliminary police statistics … Read more

Fed Official: Inflation Through 2024

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Inflation will likely persist into 2024, St. Louis Federal Reserve President James Bullard warned on Wednesday, suggesting interest rates could likely surge even higher as the Fed battles rising prices. “I think we’ll probably have to stay there all during 2023 and into 2024,” Bullard told MarketWatch of high interest rates, estimating they could reach between 5 and … Read more