Bizarro World! 1-month T-bill Yield Lower Than 1-year T-bill Yield (U.S. Faces A Recession If Congress Doesn’t Address The Debt Limit Within 2 Weeks, Yellin’ Yellen says)

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by confoundedinterest17 Treasury Secretary Janet “Go big or go home” Yellen is beating the hysteria drum by saying that the US faces a recession if Congress doesn’t increase the debt ceiling. Well, Janet, we are headed there anyway with GDP crashing to a measly 1.33%. The fear of not approving a debt ceiling increase (laughable since … Read more

Mitch McConnell says Republicans will not block a debt limit extension into December

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Senate Minority Leader Mitch McConnell says he will not block a debt limit extension into December, making an offer to temporarily end a partisan standoff just 12 days before the government’s deadline to avert default. McConnell announced Wednesday that Republicans will not filibuster an extension of the debt limit “into December” as long as Democrats … Read more

Bears Gain Control As Market Fails Resistance

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by Lance Roberts With yesterday’s rout, the “bears” gained control of the narrative as the market failed at resistance. In this past weekend’s newsletter, we discussed the market reclaiming the 100-dma on Friday. To wit: “It is worth noting there are two primary support levels for the S&P. The previous July lows (red dashed line) and the 200-dma. Therefore, … Read more

US Real GDP Plummets To 1.33% As Fed Continues To Help Inflate Prices (Baltic Dry Shipping Price Index Soars!)

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by confoundedinterest17 The Atlanta Fed’s real-time GDP tracker fell … again … to 1.33% as The Federal Reserve continues its bizarre monetary stimulus. The culprits? Declining auto sales, manufacturing, etc. I have discussed soaring prices since Biden’s election (food, energy, housing, rent, etc). But another soaring price component is shipping costs. Up 315% since mid-February. While Trump’s slogan … Read more

Peter Schiff: Inflation Burns While the Fed Fiddles

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YouTube/PeterSchiff, Released on 10/5/21 Gold stocks going down because investors are disappointed they aren’t going up. Fed President Jim Bullard admits inflation is here to stay. The digital revolution has made gold more valuable than ever. Jerome Powell on the chopping block means the Fed’s composition may soon change for the worse Janet Yellen wants … Read more

Everything is Going Up in Price

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from Kerry Lutz’s Financial Survival Network Todd ‘Bubba’ Horowitz and I catch up on all things economy, and address some of the negative changes that have incurred over time. Essentials such as energy are going up in cost, and water is also seeing a major price increase. We are facing a currency crisis as a result of … Read more

Start Your Xmas Shopping ASAP

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from Kerry Lutz’s Financial Survival Network The supply chain has raised a lot of concerns, especially in consideration of the upcoming holiday season. Carl Gould comes on the podcast to talk about this, and to give advice on what we can do to compensate for these disruptions. If you see something that you know you’re going to need, … Read more

The EU Is Panicking Over Skyrocketing Energy Prices

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By Tsvetana Paraskova The benchmark European gas prices continued their rally this week, surging to new record highs on Wednesday Five European countries, which include Spain and France, issued a joint statement on Wednesday on the troublesome high energy prices The statement calls for a probe into the gas market and for a reform of the … Read more

Chinese Real Estate Imploding?

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BY JOHN RUBINO As China’s massive (and massively corrupt) real estate developer Evergrande circles the drain, an anxious world is wondering if this is an isolated and therefore manageable problem, or the first in a cascade of failures that threaten to pop the everything bubble. On Monday a second domino fell: China’s Property Fantasia Turns Nightmarish (Wall Street … Read more

Where Were You When the Platinum Chip Became Real?

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by Chris Black Oh my God… this idea was literally stolen from a 1998 episode of the Simpsons, whence the government printed a trillion dollar bill to reconstruct Europe post-war. The government trusted Mr. Burns to deliver it to Europe because as the world’s richest man that also made him the most trustworthy. It never … Read more

“Alt-Media” OAN News is Owned by AT&T

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by Chris Black AT&T, the company that owns CNN, is also the top investor behind the moronic alt-con channel One America News (OAN). https://twitter.com/ryanlcooper/status/1445743616094208002 https://twitter.com/ryanlcooper/status/1445745646946816002 https://twitter.com/ryanlcooper/status/1445748500268937227 Welcome to clown world.

Twitch Hacked

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by Chris Black   An anonymous hacker on the 4chan messaging board claims to have leaked the entirety of Twitch online, including its source code and user payout information. (Video Games Chronicle)   The data breach is believed to have been obtained as recently as Monday and has been released as a 125GB torrent labelled … Read more

The GOP is a Bad Joke

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by Chris Black Hawley is a US Senator. He can sponsor legislation to punish, restrict funding for, or even abolish the FBI.  Until they do that, ignore noises Republicans make about the FBI as empty gesturing. Hawley tears into Garland for FBI crackdown on alleged harassment of school officialshttps://t.co/CeIQKwRxBY — Josh Hawley (@HawleyMO) October 5, … Read more

There Are No Coincidences in Government

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by Chris Black Attorney General Merrick Garland’s son in law Xan Tanner is the co-founder of the company that sells Critical Race Theory books.   This would explain why Garland mobilized the degenerate pedophiles at the FBI to start intimidating parents of school children who are anti-CRT (anti white racism indoctrination aka critical race theory).   Once … Read more

Capitalism for the Peasants, Socialism for the Fat Cats

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by Chris Black I see a lot of people pointing at big tech, big pharma, etc., and then blaming “capitalism” for their power, but it’s government subsidies (essentially socialism) that prop them up, helps them expand their market share, etc.  These are state-protected cartels. Take away the subsidies and these companies will have to face … Read more