Inflation Concerns Worsen

by David Morgan of The Morgan Report The rate of inflation, as measured by the consumer price index, reached a 30-year high of 8.3 percent. Think that is big? In 2020 the rate of inflation was only at 1.4%, so we are already …

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Seven of the world’s richest crypto founders have lost a combined $114 billion since November as digital-asset values crumble.

by Boo_Randy What’s the best way to become a crypto millionaire? Start off as a crypto billionaire. Should’ve bailed out of the pump & dump and transferred your profits into the safe haven of physical precious metals. https://www.bloomberg.com/news/articles/2022-06-13/crypto-billionaire-fortunes-vanish-as-quickly-as-they-were-made?srnd=premium-asia&sref=ibr3A0ff Seven of …

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It’s all so tiresome….

It's yet another supply chain problem where women are bearing the brunt of the cost, as mothers struggle to feed their babies during the baby formula shortage.https://t.co/p5mAPlSwPM — NPR (@NPR) June 13, 2022

Fading business confidence…

Fading confidence: ⁦@NFIB⁩ Small Business Optimism Index fell in May to 93.1 vs. 93 est. & 93.2 prior; outlook component (orange) collapsed to an all-time low (-54%); % expecting to ramp up hiring and raise prices increased, while plans to …

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Credit Card Debt on the Rise

by Martin Armstrong The various handouts and moratoriums during the pandemic drove the personal savings rate down to World War II levels. Everything was closed – there weren’t many opportunities to spend. US consumers paid off a record $83 billion …

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We basically just fight the war for him: Ukraine says they can win, just send us 500 tanks, 1000 howitzers, 2000 armored vehicles, 1000 drones and 300 rocket arty systems

Volodymyr Zelensky’s top adviser has told the West to dramatically step up deliveries of heavy weapons if Ukraine is to defeat Russia’s invasion. Mykhailo Podolyak said Monday that Kyiv needs 1,000 howitzers, 300 rocket artillery systems, 500 tanks, 2,000 armoured …

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SKYNET HAS BECOME SELF-AWARE…

Google Engineer On Leave After He Claims AI Program Has Gone Sentient. A Google engineer is speaking out since the company placed him on administrative leave after he told his bosses an artificial intelligence program he was working with is now sentient. Blake Lemoine …

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