Psaki Confronted over Inflation Claim

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White House Press Secretary Jen Psaki, when pressed by a reporter over concerns about inflation, says “no economist” is projecting it to go higher. “Americans are seeing their dollars, their paychecks stretched right now,” NBC reporter Peter Alexander said at a White House press briefing on Monday. “Why should Americans not be concerned that injecting … Read more

How To Recognise The Best Bank Accounts

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While there are many banks to choose from, the way banks treat their customers is still quite archaic. Even though nearly all money today is electronic, and all transactions happen quickly and instantly, banks still charge their customers high fees, as if they must cover the cost of pre-internet era labour and logistics.  Unfair and … Read more

Look at these charts. Just unbelievable

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"the problem is getting worse — much worse. The new figures … ****represent a 28.5 percent increase from the same period a year earlier.*** "The financial, mental health, housing and other difficulties of the covid-19 pandemic are widely blamed"@dtkeating @LennyMBernstein — Jeff Stein (@JStein_WaPo) November 17, 2021

EV Bubble

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by whitesweatshirt Rivian’s IPO really opened my eyes to the bubble that is the EV market. Let’s think logically: How can general motors stock be 90b and Tesla’s stock be 1T. Let’s say they eventually sell as many cars as Toyota (400b Market cap), their current valuation is still 2x this, and they aren’t even close … Read more

European natural gas prices jump above 100 euros/MWh for the first time in a month

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European natural gas prices jump above 100 euros/MWh for the first time in a month🚀🚀🚀 Delays to the Nord Stream 2 pipeline from Russia stoked fear of a winter natural gas shortage in Europe. Prices are again approaching last month's record high levelhttps://t.co/SEzrclUJx1 pic.twitter.com/MeEiXHGfUJ — Stephen Stapczynski (@SStapczynski) November 17, 2021

Did you know the US Strategic Petroleum Reserve (SPR) is being drawn down?

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by pinecarr From ZH, “Here’s Why Biden Was Forced To Beg Xi To Release Oil From China’s SPR” As we have detailed in depth over the past few days (here, here, and here), the Biden administration is utterly desperate to stop retail gasoline prices soaring as the president’s approval rating plunges ever lower. So desperate that last night we reported that Biden had reportedly … Read more

Rivian bubble has just been popped

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Rivian bubble has just been poppedhttps://t.co/pJFByqcNsa pic.twitter.com/JZSckhESOS — Russian Market (@runews) November 17, 2021 Volkswagen • Deliveries: 10 million vehicles/year• Revenue: $300 billion/year• Market cap: $136 billion Rivian • Deliveries: 156 vehicles total• Revenue: $0 • Market cap: $152 billion — Morning Brew ☕️ (@MorningBrew) November 17, 2021 Rivian is now the third most valuable … Read more

2 more Walgreens close in San Francisco due to rampant shoplifting…

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SAN FRANCISCO (KGO) — Sunday is the last day of business for two Walgreens stores in San Francisco. The store on Clement Street in the inner Richmond, and the store on Gough Street in Hayes Valley are closing for good starting Monday. Walgreens says prescriptions are being moved to other nearby locations. https://abc7news.com/walgreens-theft-san-francisco-closing/11236068/

Jim Rickards: Gold Breakout Imminent!

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BY JAMES RICKARDS This is getting ridiculous. And that’s a good thing. By “this,” I mean the price of gold, and by “ridiculous,” I mean repetitive to the point of absurdity. That’s OK. The prospects for gold from here are highly positive. By now, readers are tired of my description of gold trading as range-bound between … Read more

Celebrating The Long-Awaited Breakout: Biden Signs a Bill to Revive Infrastructure…and Gold!

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by Arkadiusz Sieron of Sunshine Profits Gold rallied thanks to the changed narrative on inflation, and Biden’s infrastructure plan can only add to the inflationary pressure. Huge price moves ahead? I have a short quiz for you! What the government should do to decrease inflation that reached the highest level in 30 years? A) Decrease its expenditure to make room … Read more