August US Inflation At 5.3% YoY, Real Avg Hourly Earnings At -0.9% (Gasoline Up 42.7% YoY, Used Cars And Trucks Up 31.9% YoY, Home Prices Up 18.6% YoY)

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by confoundedinterest17 US inflation remained about the same in August as it was in July. CPI YoY fell ever so slightly from 5.4% in July to 5.3% in August. Real hourly earnings remain negative. The source of consumer inflation? Gasoline prices rose 42.7% YoY while used cars and trucks rose 31.9% YoY. Shelter rose 2.8% YoY. That … Read more

BIS gold swaps fell slightly in August but remain high

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By Robert Lambourne via GATA The recently released August statement of account of the Bank for International Settlements – https://www.bis.org/banking/balsheet/statofacc210831.pdf — contains information suggesting a decrease of about 38 tonnes in the bank’s gold swaps in August, from 502 tonnes to 464 tonnes. This compares to the record high estimated at 552 tonnes as of February 25 this … Read more

Evergrande’s collapse has begun. The firm just entered technical default. by itself Evergrande is likely to default on more debt in value than the ENTIRETY of all assets that imploded during the entirety of the US subprime crisis.

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  Ouch. The Dow Jones Transportation index is massively diverging from the S&P 500. Just happens to be at the same time as the Chinese economy is having major issues. Overall US stocks look poised to follow to the downside. pic.twitter.com/ZRGiFVucBl — Otavio (Tavi) Costa (@TaviCosta) September 14, 2021 #Evergrande's collapse has begun. The firm … Read more

Fox News: Prices “Surging,” “Perfect Storm For Prices to Go Up”… Home Prices and Rent Hit New High YoY in US

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https://twitter.com/leadlagreport/status/1437892026276663301 Price increases over last yr (CPI report)…Gasoline: +42.7%Used Cars: +31.9%Gas Utilities: +21%New Cars: +7.6%Overall CPI: +5.3%Electricity: +5.2%Food away from home: +4.7%Transportation: +4.6%Apparel: +4.2%Food at home: +3.0%Shelter: +2.8%Medical care service: +1.0% — Charlie Bilello (@charliebilello) September 14, 2021 Global Debt Hits A Record $300 Trillion, Up $36 Trillion Since COVID https://t.co/irod6Nh0df — zerohedge (@zerohedge) September … Read more

Natalie Winters scoop on Fauci…

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Acoronavirus study funded by Anthony Fauci’s National Institutes of Health agency – which names Wuhan Institute of Virology scientists as authors – was carried out in collaboration with an “arm” of the Chinese Communist Party’s military, The National Pulse can reveal. The 2014 study entitled “Isolation and Characterization of a Bat SARS-like Coronavirus that Uses … Read more

Fear is a tool of the devil….

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SHOCK VIDEO: Senior doctors and a marketing director at in North Carolina discussed inflating COVID-19 numbers by counting recovered patients as active COVID patients. "We need to be… more scary to the public… If you don't get vaccinated, you know you're going to die." pic.twitter.com/66CcIsVR4B — National File (@NationalFile) September 10, 2021

Tim Pool & Russell Brand: The Mainstream Media Are Trying To Start A CIVIL WAR!!

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Russell Brand, Released on 9/14/21 I spoke with Tim Pool on my Under the Skin podcast – in it Tim describes how the US have already entered into a psychological civil war! You can listen to the rest of my podcast with Tim Pool on Apple Podcasts here: http://apple.co/russell Tim Pool is an American citizen journalist, YouTuber, … Read more

Inflation and Economy Breakdown with Peter Schiff

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Anthony Pompliano, Released on 9/14/21 Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall … Read more

The U.S. Economy In a Nutshell: When Critical Parts Are On “Indefinite Back Order,” the Machine Grinds to a Halt

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by Charles Hugh-Smith A great many essential components in America are on ‘indefinite back order’, including the lifestyle of endless globally sourced goodies at low, low prices. Setting aside the “transitory inflation” parlor game for a moment, let’s look at what happens when critical parts are unavailable for whatever reason, for example, they’re on back order or indefinite … Read more

Alexander S. Vindman: “If this is true GEN Milley must resign. He usurped civilian authority, broke Chain of Command, and violated the sacrosanct principle of civilian control over the military.”

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If this is true GEN Milley must resign. He usurped civilian authority, broke Chain of Command, and violated the sacrosanct principle of civilian control over the military. It’s an extremely dangerous precedent. You can’t simply walk away from that. #dotherightthingintherightway https://t.co/izsMMCFPrz — Alexander S. Vindman 🇺🇸 (@AVindman) September 14, 2021 😂😂😂😂😂😂😂😂😂 Talk about zero self-awareness. … Read more

Two-faced Facebook’s hypocrisy on freedom of speech reveals it is now a clear and present danger to democracy

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The exposure of a secret programme that grants elite users special publishing privileges exposes how the tech giant pays lip service to its claim that its rules apply to everyone. It’s all about the ruthless pursuit of profit. So, the truth is finally out: despite all the claims, promises and knee-bending by Facebook’s PR department, … Read more

14 Percent Inflation…

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from Kerry Lutz’s Financial Survival Network As usual, we find that transitory inflation is not so transitory. Michael Pento comes on the podcast today to talk about some of the causes and effects surrounding inflation in the current economy. Pento says this is perhaps the worst inflation the country has ever seen, and the coming years don’t look … Read more

How to Profit From a Market Crash

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by The Phoenix Yesterday, I explained why I believe we are due for a period of below average stock market returns. By quick way of review: Inflation is roaring higher. Official inflation measures put it at over 5%. Unofficial, more accurate measures have it clocking in at over 8%. And we are seeing corporations raise prices … Read more