Biden’s social spending spree may unleash bigger inflation wave… the CPI would show 14%, if we measured it like we did in the 1980’s.

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Biden's social spending spree may unleash bigger inflation wave: JEC Republicanshttps://t.co/xiSC9lCfDt — FOX Business (@FoxBusiness) October 6, 2021 Are prices rising much faster than the data suggests? @Convertbond says the CPI would show 14%, if we measured it like we did in the 1980's.https://t.co/vnprmoTviS — Paul Greaney (@PaulGreaney_NTD) October 6, 2021 The Next Financial Crisis … Read more

Potential sales slowdown in the U.S.?

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I work for a delivery company, one of those food delivery places im sure you know of. Last year I made 200$ a day all year. Earlier this year I was around 100$ a day. This last month or two down to 40-60$ a day. So… anyone else notice a huge sales downturn? Feels like … Read more

How to become a billionaire… even if it takes 200 years

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by Simon Black https://traffic.libsyn.com/secure/sovman/Freedom_podcast_14.mp3 It’s a simple question of arithmetic. Imagine you could go back in time to 1871 and ask one of your long lost ancestors to invest $2,500 for the benefit of future generations. That amount of money wasn’t insignificant… but certainly not a major fortune; it would be worth roughly $50,000 in today’s … Read more

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