Oil industry sues Biden administration over ‘unprecedented’ leasing freeze

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American Petroleum Institute leads 11 energy associations The American Petroleum Institute and other major energy trade groups filed a lawsuit Monday against what they called the Interior Department’s “unprecedented” freeze on new oil and gas leasing on public lands. No drilling auctions have been held since President Biden issued his Jan. 27 executive order, a … Read more

Perhaps an interesting trio of charts for asset allocators…

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🌍 Perhaps an interesting trio of charts for asset allocators… pic.twitter.com/PY4lnwPslJ — Mikael Sarwe (@MikaelSarwe) August 17, 2021 Macro expectations vs. equity allocation 👇 Draw your own conclusion. Ht @MikaelSarwe (BofA) pic.twitter.com/5muXG046y5 — Michael A. Arouet (@MichaelAArouet) August 17, 2021 #China's Ningbo container port remains partially closed, congestion at other major China ports is increasing. … Read more

President Biden’s daily job approval % will be down again today – to a new historic low.

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Good Morning ! President Biden's daily job approval % will be down again today – to a new historic low. Trends – https://t.co/IpMwcO6S1a — Rasmussen Reports (@Rasmussen_Poll) August 17, 2021 Interesting Unscientific Twitter Poll Results. We ran these nationally last night & will run again tonight. Stay tuned for #Science tomorrow. pic.twitter.com/omq0TQ39kT — Rasmussen Reports … Read more

Shutoff of the World’s Supplies

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Our global supply chains are grinding to a halt because they are overloaded and at the breaking point, which is strange since a huge percent of businesses went under in the last 18 months, but demand for everything across the world is at all time highs. There seems to be a disconnect. At least Bitcoin … Read more

#BIDENFLATION Biden’s Spending Could Result In ‘Perpetual’ Price Increases… 21% Boost In Food Stamps Due To Inflation

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The $3.5 Trillion Budget Plan Could Make Inflation a Perpetual Problem Just as the breakneck pace of inflation seemed to be slowing, U.S. lawmakers took steps that could ensure it’s the reprieve itself that is transitory. It was almost easy to miss the $3.5 trillion budget resolution passed by the Senate at around 4 a.m. … Read more

Brazil gold reserves surge nearly 100% in three months as Central Bank doubles purchases

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Brazil’s central bank purchased over 62 tons of gold in three months through July 2021, raising the nation’s reserves to nearly 130 tons. The estimated growth of physical holdings reportedly amounted to 92.4%. The bulk purchase of 41.8 tons was recorded in June. In May and July, the regulator acquired 11.9 tons and 8.5 tons, … Read more

Should We Blame Biden For Afghan War Loss?

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by Daniel McAdams and Ron Paul of Ron Paul Liberty Report The race is on to blame Biden for the dramatic fall of Saigon…er…Kabul over the weekend. Politicos who’ve been most responsible for the 20 year disaster continuing are now pointing fingers elsewhere. The truth is there is plenty of blame to go around…but will we finally learn the lessons? … Read more

TOXIC SOCIAL MEDIA: ‘Likes’ and ‘shares’ teach people to express more outrage online.

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Social media platforms like Twitter amplify expressions of moral outrage over time because users learn such language gets rewarded with an increased number of “likes” and “shares,” a new Yale University study shows. And these rewards had the greatest influence on users connected with politically moderate networks. “Social media’s incentives are changing the tone of … Read more

On Aug 5th 2021 The G20 Officially Approved The Digital Economy Working Group As Permanent

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On Aug 5th 2021 The G20 Officially Approved The Digital Economy Working Group As Permanent The G20 Also Formally Approved Plans For A Global Digital ID Called The Digital Green Certificate On Aug 5th 2021 The G20 Officially Approved The Digital Economy Working Group As Permanent The G20 Also Formally Approved Plans For A Global … Read more

Mohamed El-Erian: Fed tapering won’t cause market ‘collapse situation’

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CNBC, Released on 8/16/21 CNBC’s ‘Squawk Box’ team discusses the potential for the Fed’s tapering timeline, markets, economy and more with Mohamed El-Erian, Allianz and Gramercy advisor. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment … Read more

Interior Dept. RESUMES OIL and GAS LEASING under court order, Environmentalists not happy

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Biden administration appeals injunction lifting pause on new drilling auctions The Interior Department announced Monday that it would resume new oil-and-gas leasing on public lands to comply with a federal court order, but environmentalists weren’t happy about it. Climate groups urged President Biden to stick to his promise to ban drilling on federal lands and … Read more