Another Debt Ceiling Hike Won’t Fix What’s Broken

by: Clint Siegner Washington DC politicians are busy cobbling together yet another bi-partisan bill to raise the federal borrowing limit. Congress imposed the debt ceiling on itself in 1917. Democrats and Republicans have worked together to circumvent it ever since. Borrowing and spending more money is one area where politicians always manage to find common … Read more

Millions Of Chinese Residents Lose Power After Widespread, “Unexpected” Blackouts; Power Company Warns This Is “New Normal”

Just yesterday we warned that a “Power Supply Shock Looms” as the energy crisis gripping Europe – and especially the UK – was set to hammer China, and just a few hours later we see this in practice as residents in three north-east Chinese provinces experienced unannounced power cuts as the electricity shortage which initially … Read more

The Markets Are Totally Fubar

by Chris Black BEYOND PETROLEUM: A rather unscientific survey, but just visited 5 BP stations in West London, and all but one were dry (and the one that still had some availability had only gasoline but no diesel). Officially, BP says 30% of its network has no fuel #OOTT https://t.co/p1zuyujtgf pic.twitter.com/5WLsv55fAG — Javier Blas (@JavierBlas) … Read more

People Still Don’t Understand What Neoliberalism Means

by Chris Black People are still calling globalist elites “Neo-Liberals”, while they’re in the middle of creating a technocratic, centralized world government, abolishing all rights and freedoms, implementing universal basic income, abolishing private property, buying up all privately owned land and telling people they will become a “nation of renters” who will “own nothing and … Read more

Boston Fed President to retire — 9 months earlier than planned… Follows stock trading controversy…

https://twitter.com/QTRResearch/status/1442471457913819145 Boston Federal Reserve President Eric Rosengren announced he is stepping down on Thursday, citing health concerns. The move comes nine months ahead of his planned retirement in June. The announcement comes on the heels of controversy the regional Fed leader had faced regarding personal stock trading. https://www.cnbc.com/2021/09/27/boston-fed-president-rosengren-to-retire-september-30-9-months-earlier-than-planned.html

Bonds Just Called the Fed’s Bluff… Stocks Are on Borrowed Time

by The Phoenix The biggest development last week was the breakout in the 10-year U.S. Treasury. The 10-year US Treasury is arguably the single most important bond in the world. The yield on this bond represents the risk-free rate of return against which all risk assets (stocks, corporate bonds, mortgages, real estate, etc.) are valued. Now, this yield … Read more

Turley: Progressives Ask Big Tech To Censor ‘Bad’ Ideas To Save Us From Ourselves

Two centuries ago, rulers sought to convince subjects that they should embrace the notion of “enlightened despotism,” living without rights under the beneficent watch of overlords. Holy Roman Emperor Joseph II summed up the idea with the maxim “everything for the people, nothing by the people.” Today, we seem to be living in an age … Read more

Biden’s Weaponization Of IRS Faces Backlash

Amajor component of President Joe Biden’s plan to raise revenue to pay for his trillions of dollars in new federal spending is now under fire from trade associations across the country. The Biden administration has made clear its plan to beef up IRS auditing by expanding the agency’s funding and power. Biden’s latest proposal would … Read more

Higher Tax Rates Coming

from Kerry Lutz’s Financial Survival Network Should we be apprehensive about tax changes? Wayne Titus, a member of Savant Wealth Management, comes on the podcast to break down some of the shifts in taxes and what to expect. The tax reform act was passed back in 2017, and brought on many changes in tax brackets. If Congress doesn’t … Read more

Panic-Buying Could Leave 90% Of UK Gas Stations Dry; BoJo Considers Calling In Army To Resupply

UK politicians panic as similarities to the 1970s-style “winter of discontent” of shortages and socio-economic distress have already materialized. Prime Minister Boris Johnson requested the Army to begin fuel deliveries to petrol stations. According to Reuters, 90% of petrol stations could run dry across major metro areas on Monday after buying panic accelerated the crisis of low … Read more