Buckle up kids …… This baby is gonna crash

by BoatSurfer600 via Yahoo: It’s too soon to declare victory, but Federal Reserve Chair Jerome Powell is on track to navigate the U.S. economy to a soft landing. That’s the view of Jan Hatzius, the chief economist of Goldman Sachs, in a new note to clients. “Since the FOMC started hiking the funds rate early … Read more

California’s day ahead power prices (starting to look like Germany)

California's day ahead power prices (starting to look like Germany)@SoberLook pic.twitter.com/4NtDCgJ3GI — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) September 7, 2022 Biden Energy Secretary: “California is in the lead” on energy and “can show the rest of the nation how it is done.” CBS LA: Blackouts are expected throughout California this week. Set your thermostat to … Read more

Modern day book burning…

by TheHiveminder https://en.wikipedia.org/wiki/Talk:Mass_killings_under_communist_regimes#RFC%3A_Structure_of_Mass_killings_under_communist_regimes A new form of censorship – Wayback Machine (an internet archive website) is removing “deplatformed” websites Wayback Machine, which archives old websites, is moving into a new form of censorship. Now, it is not letting various saved old webpages be found. For those who don’t know, Wayback Machine is a pretty powerful … Read more

More Americans tapping buy now, pay later services for groceries ‘shows the height of personal desperation,’ Harvard researcher says

With food prices at historic highs, more consumers are turning to buy now, pay later services for their weekly essentials. “Once people start stretching out grocery payments it shows the height of personal desperation,” says Marshall Lux, a fellow at the Harvard Kennedy School. As prices rises, Americans are increasingly finding new ways to make … Read more

Federal Reserve Alert! U.S. economy likely to slow further, Fed’s Beige Book finds. Most business respondents “expected price pressures to persist at least through the end of the year.”

via federalreserve.gov: Labor Markets Employment rose at a modest to moderate pace in most Districts. Overall labor market conditions remained tight, although nearly all Districts highlighted some improvement in labor availability, particularly among manufacturing, construction, and financial services contacts. Moreover, employers noted improved worker retention, on balance. Wages grew across all Districts, although reports of a … Read more

Pentagon suspends F-35 deliveries after discovering materials from China…

The Pentagon has temporarily halted delivery of F-35 fighter jets to the military branches and international customers after Lockheed Martin discovered a metal component used in the jet’s engine had come from China, according to the Pentagon. The Defense Contract Management Agency notified the F-35 Joint Program Office at the Pentagon on Aug. 19 that … Read more

Outrage after California governor newsom threatens rolling blackouts while he wears a coat in AC filled room!

California Democratic Gov. Gavin Newsom was slammed as a hypocrite Wednesday for wearing a fleece coat in a seemingly air-conditioned room while urging residents to “save energy” amid a historic heat wave. “CA is experiencing an unprecedented heatwave [sic]. This will be the hottest & longest on record for September,” Newsom said in a tweet … Read more

BRIDGE FOR SALE: Hillary Clinton says she doesn’t plan on running for president again

(CBS Evening News) In a wide-ranging interview with CBS News, former Secretary of State and Democratic presidential candidate Hillary Clinton said she does not plan on running for president again after losing to former president Trump in 2016. But Clinton said she plans to do “everything I can” to ensure future presidents defend democratic principles. … Read more

Nancy Pelosi: Inside Trader of the Year

by Martin Armstrong Pelosi knew when to sell! Paul Pelosi, Speaker Nancy Pelosi’s husband, sold off 25,000 shares of Nvidia. A month later, the US government banned Nvidia from selling chips to Russia and China to “address the risk that the covered products may be used in, or diverted to, a ‘military end use’ or … Read more

Egon von Greyerz: Be prepared for the most massive money printing bonanza in history… Tavi Costa: Gold is approaching a major turning point

by silvertomar Europe and the UK announces accelerated money printing to soften the blow from high energy prices… not only will this increase money in circulation… it will lead to more paper currency chasing commodities, speeding up price increases…We are witnessing the destruction of fiat currency in real time… We must be prepared for the … Read more