Democrats’ tax plan would cost US economy more than it raises in new revenue: analysis

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President Biden’s signature social spending and climate bill promises to offset nearly $2 trillion in spending with higher taxes on corporations and the wealthiest Americans, but a new analysis shows how the U.S. economy would actually lose more in revenue than is generated in the long run. The newest “Build Back Better” proposal – pared … Read more

Belarus Cuts off Oil to Poland

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Lukashenka regime adds some pressure on the hybrid eastern front? 1. Oil pipeline to Poland has been shut down due to “an urgent 3-days repair”. 2. Power unit of BY Nuclear Power Plant has been “automatically disconnected from the grid.Radiation level is within normal limits” pic.twitter.com/YKBS4lly2M — Denis Kazakiewicz (@Den_2042) November 17, 2021 "The EU … Read more

Biden Throws Taiwan Under the Bus

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Biden reiterates that U.S. government is committed to one-China policy, does not support "Taiwan Independence," and hopes for peace and stability across Taiwan Straits. #ChinaUS pic.twitter.com/z5zSv8OdUX — CGTN (@CGTNOfficial) November 16, 2021 https://twitter.com/Breaking911/status/1460778350344085510 Biden abandons Taiwan just like he did the ppl in Afghanistan! In other words, Biden follows the mandate of his stakeholder, China. … Read more

Doug Casey on Why Uranium has Enormous Upside Potential

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by Doug Casey International Man: What makes uranium attractive as a speculation? Doug Casey: First of all, consider simple physical reality. Uranium is the cleanest, cheapest, and safest form of mass power generation. I understand that most people will be shocked to hear that, so let me explain. It’s the cleanest. Unlike coal—which generates millions of … Read more

U.S. IMPORTS EVEN MORE SILVER THIS YEAR: Pulling Supply From Turkey, Russia, Uzbekistan & Kazakhstan

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by Steve St Angelo of SRSrocco Report With American silver investment demand continuing to be very strong this year, the U.S. is importing even more silver.  The U.S. market is now acquiring metal from Turkey, Russia, Uzbekistan, and Kazakhstan to access more silver.   While the U.S. receives most of its silver from Mexico and Canada, it imported nearly 10 … Read more

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