Ohio lawmakers consider hefty gas tax hike

by

It’s been 14 years since Ohio raised the rate of tax on motor fuel. But in those 14 years, fuel efficiency, electric and hybrid cars, and rising costs of materials to maintain, repair and replace roads have widened the gap in funding for road infrastructure. “We look at it as a user fee for the … Read more

Inflation will be Biden’s Achilles’s heal… Perceived conditions for buying cars, durable goods & houses have deteriorated to the worst levels in decades.

by

US inflation is at 5.4%/yr for July. Consumers are paying the price. With the explosive growth in the US money supply, I predict that inflation will reach 6%-9% by the end of the year. Inflation will be Biden’s Achilles’s heal. pic.twitter.com/46v9Xf3DRE — Steve Hanke (@steve_hanke) August 14, 2021 Fast Food This Year: 1. Chipotle raised … Read more

Peter Schiff: Larger Deficits Mean Higher Inflation

by

by Peter Schiff of Peter Schiff Podcast Gold reacts counterintuitively to inflation fears. Fed changes the definition of transitory inflation. Q2 Productivity numbers disappoint analysts. Biggest government expansion of the welfare state since the New Deal and Great Society. Elizabeth Warren wants to sick the IRS on the middle class. AMC tries to pump their stock as a … Read more

Consumer Sentiment in U.S. Plunges to Lowest Since 2011 (Good Time To Buy A Home Falls To 30% Share Due To Raging Home Price Growth)

by

by confoundedinterest17 U.S. consumer sentiment fell in early August to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects, inflation and the recent surge in coronavirus cases. The University of Michigan’s preliminary sentiment index fell by 11 points to 70.2, the lowest since December 2011, data released Friday showed. … Read more

Here’s how much your Social Security check may increase in 2022 – COLA for 2022 may be 6.2%.

by

It looks like retirees will get a raise next year. The Senior Citizens League is a nonpartisan advocacy group for older Americans and has a history of accurately forecasting the annual cost-of-living adjustment. The group estimates the Social Security COLA for 2022 may be 6.2%. The boost would be much higher than the 1.3% change … Read more

AUSTIN, TX is quickly becoming the least affordable place to own a home outside of California

by

SAN FRANCISCO (KRON) – A recent Zillow report is predicting several cities will become even less affordable for homeowners within a few short months. The report says Austin, Texas, will become the least affordable major U.S. city by December for home-buyers, if you take all California locations out of the equation. https://www.wrbl.com/news/lifestyle/this-city-is-quickly-becoming-the-least-affordable-place-to-own-a-home-outside-of-california/ h/t Sheriff of … Read more

Grammy Winner Erykah Badu Begs Obamas to Forgive Her for Posting Videos Showing Maskless Birthday Bash

by

Grammy Award-winning singer Erykah Badu is begging the Obamas to forgive her after she posted videos to social media showing the world just how former President Barack Obama celebrated his 60th birthday last weekend among hundreds of maskless party guests. Obama’s party came just as the delta variant of the coronavirus was surging across the … Read more

White House praises DeSantis…

by

There are concerns, however, the governor isn't focused enough on COVID mitigation. @CarlosGSmith saying today DeSantis needs to take more proactive measures. "Right now, our hospitals are in crisis," he says. pic.twitter.com/Isia6KTXrq — Forrest Saunders (@FBSaunders) August 12, 2021

China just gave a giant middle finger to Biden…

by

Intelligence sources say China is preparing to recognize the Taliban’s legitimacy Islamist militants now control two-thirds of Afghanistan after military blitz They are closing in on Kabul following the withdrawal of US troops  China has close ties with Pakistan, which some say is aiding the Taliban Beijing seeks to expand trade and resource extraction in post-US … Read more

Now We Know Why the Fed’s Throwing the Fight Against Inflation

by

Photo by cottonbro   From Birch Gold Group The U.S. Treasury publishes its balance sheet annually. The most recent, for fiscal year 2020, is so egregiously out of whack it might be hard to wrap your head around: Total Assets: $5.95 trillion Total Liabilities: $32.74 trillion Net Position (total assets minus total liabilities): -$26.80 trillion All figures above have … Read more