by Michael Snyder How does it feel to live in a country with double-digit inflation? On Tuesday, the Bureau of Labor Statistics told us that the consumer price index has risen 5.4 percent over the past 12 months, and such a high number shocked a lot of people. But in order to make a fair … Read more
The economy is returning to a 1970s era of higher inflation, potentially reaching double digits, said Mark Skousen, editor-in-chief of Forecasts & Strategies. Speaking to David Lin, anchor for Kitco News, Skousen’s comments come as CPI data released Tuesday showed 5.4% annual inflation in June. 0:00 – Headline CPI 2:00 – Used cars and trucks … Read more
by Michael Ballanger via Streetwise Reports No doubt most of you know all about the Gold Anti-Trust Action Committee, otherwise known as GATA, founded in the late 1990s by my two dear friends Bill Murphy and Chris Powell. I freely contribute to Bill’s website (lemetropolecafe.com), arguably the best place on the planet to get solid input from an army of free … Read more
by mapi Recent documents from the Metropolitan Police Department in D.C. (MPD) and the Boston Police Department (BPD) show that Regional Intelligence Centers (RIC) are encouraging police officers to put children and adults in secret gang databases. Last month an article in The Intercept showed that police gang databases are riddled with civil rights violations and errors. It revealed how police used … Read more
by Lance Roberts Bubbles are evident and only get acknowledged after they pop. Such is because, during the inflation phase of the market bubble, investors rationalize why “this time is different.” We have seen many examples of this rationalization over the last couple of years. Such as stocks are cheap based on economic growth, low-interest rates justify high … Read more
This is an excerpt from a longer video of the #CCP's military channel at https://t.co/PFGFL3Mwrs. It was uploaded two days ago, and has 2.37 M views, 11K comments and 88K likes so far. The channel has 2 M subscribers. — Inconvenient Truths by Jennifer Zeng (@jenniferzeng97) July 13, 2021
Former President Donald Trump, in a book out Tuesday by Michael Wolff, says he is “very disappointed” in votes by Supreme Court Justice Brett Kavanaugh, his own hard-won nominee, and that he “hasn’t had the courage you need to be a great justice.” Driving the news: “There were so many others I could have appointed, and … Read more
An American envoy accused of endangering lives by breaking and stealing a railway sign from a busy train junction left Russia to return home to the US rather than face potential criminal action, officials in Moscow have said. Speaking as part of an interview with a news program broadcast on YouTube on Tuesday, Foreign Ministry … Read more
US internet giant Google is facing its largest fine ever, €500 million euros from the French competition authority, which has ruled that the company had not respected the copyright rules surrounding licensing fees. The country’s competition authority hit Google with the half-a-billion-euro fine on Tuesday for its failure to comply “in good faith” with media … Read more
Two lawsuits have been filed against Universal Orlando because of one of their actors allegedly posed for a photo with biracial children and flashed the “upside-down OK” symbol, was the media was duped into believing to be a symbol of “white power” after 4chan spread a hoax about the common gesture. The two girls involved … Read more
The Left wanted a culture war. It got one. Now it’s upset. DEMOCRATS ARE COMMUNISTS: Radicalization: “Democrats have moved left far more than Republicans have moved right”. CRT Wars Are Taking A Toll On Lefty Administrators. File this report under “good news if true.” According to NBC News, opposition to attempts to impose left-wing race-oriented propaganda in … Read more
Desmond Lachman, an economist and senior fellow with the American Enterprise Institute (AEI), told Breitbart News on Sunday that the U.S. is beginning to resemble a Latin American country given its inflation, government spending, and printing of money. “[The U.S. is] in [a]very bad position from a long-term point of view. I don’t see how … Read more
by confoundedinterest17 Inflation keeps rising and wage earners continue to suffer. Today’s inflation print shows headline CPI YoY at 5.4% and core CPI YoY are 4.5%, the highest since 1991. The problem is that real average hourly earnings printed at -1.7% YoY. 0.9% June inflation x 12 months = 10.8% Run Rate Inflation. If we look … Read more
Via SchiffGold.com, Consumer prices have been rising precipitously this year. If you annualize the Consumer Price Index through the first five months of 2021, you get a CPI increase of over 6%. Federal Reserve Chairman Jerome Powell continues to push the narrative that inflation is transitory, but not everybody buys into this storyline. On the Wolf Street … Read more
https://twitter.com/FatEmperor/status/1414881545979146244 https://twitter.com/FatEmperor/status/1414881549925986305 h/t Tess
BY JOHN RUBINO There’s never been a generation as influential, for good or ill, as today’s Baby Boomers. So our mass retirement over the next decade should, in theory, be a big deal. One scenario has us selling our stocks and either spending the proceeds or moving them into less risky assets like bonds and cash. … Read more
https://twitter.com/NorthmanTrader/status/1414917841577517067 https://twitter.com/RetirementRight/status/1414959652731867137 https://twitter.com/RetirementRight/status/1414959030582267910 https://twitter.com/farrisbaba/status/1414763541828149250 Get ready for more food price increases…there are a lot of food products that contain oilseeds https://t.co/rLTPc9hp6l — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) July 13, 2021 https://twitter.com/RetirementRight/status/1414761356763402248 Another hot #inflation report with #US CPI inflation accelerating to 5.4% in June (vs. 4.9% expected)Persistent inflationary pressures could eventually become negative for US … Read more
In a new survey, 60% of millennials earning over $100,000 said they live paycheck to paycheck. Some of these millennials — known as HENRYs — prefer a comfortable, expensive lifestyle. In today’s economy, $100,000 is considered middle class in the US. High-earning millennials feel broke. Sixty percent of millennials raking in over $100,000 a year said they’re living paycheck to … Read more
Former New Jersey Governor Chris Christie said that in regards to the Texas voting law, Democrat rhetoric “outstrips what’s actually being done,” during a segment on ABC’s “This Week” with George Stephanopoulos on 7/11/2021. Be sure to like, subscribe, and comment below to share your thoughts on the video.
⚠️#unrest and #collapse are already coming to some countries🇿🇦. #CubaLibre too.After Summer…Worldwide🌐🇪🇸La que se avecina💥 https://t.co/uIX3ZYKu2L — Antonio Pérez-Algás (@apanalis) July 12, 2021 https://twitter.com/arbitrage_andy/status/1414761544840327169