WELCOME BACK, CARTER: Fed official sees first interest rate hike next year, not in 2023, thanks to inflation.

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Fed official sees first interest rate hike next year, not in 2023, thanks to inflation St. Louis Federal Reserve Bank President James Bullard sent markets tumbling on Friday when he predicted an interest rate hike in late 2022, earlier than the central bank consensus. Bullard, who has led the St. Louis Fed since 2008, said … Read more

Adem Tumerkan: Disinflation Coming Soon Because of China’s New Credit & Commodities Policy?

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Wall St. For Main St., Released on 6/18/21 Adem Tumerkan from Speculators Anonymous made a contrarian guest post video about how and why deflation or disinflation can come in the next few months. There is also brief commentary about Adem’s video and his disinflation thesis by Jason at the end of Adem’s video about China’s … Read more

Paychecks Cancelled: After Stopping TX Election Integrity Bill, Dem Lawmakers Learn Gov. Abbott Just Vetoed Their Salaries

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Want to stop governing in order to stop a bill? In Texas, that’ll stop you from getting paid. On Friday, Texas Republican Gov. Greg Abbott vetoed funding for the Texas Legislature after the state House Democratic caucus walked out to avoid a vote on an election integrity bill late last month. The move, first reported by the Texas … Read more

TOP OBAMA ETHICS OFFICIAL RAGES: Biden’s Actions ‘A Real F*** You’ To U.S., He’s A ‘F***ing Failure.’

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https://twitter.com/waltshaub/status/1405884451469545475?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1405884451469545475%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.dailywire.com%2Fnews%2Ftop-obama-ethics-official-rages-bidens-actions-a-real-f-you-to-u-s-hes-a-fing-failure https://www.dailywire.com/news/top-obama-ethics-official-rages-bidens-actions-a-real-f-you-to-u-s-hes-a-fing-failure

It’s fun watching Bill Maher being slowly red-pilled…

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Bill Maher Tells Lin-Manuel Miranda To ‘Stop Apologizing’ To Critics For Lack Of Representation In New Film. Bill Maher had some harsh words for the critics of Lin-Manuel Miranda’s new film during his talk show Friday, according to Deadline. Miranda’s new film, “In the Heights“, has received criticism for not including enough darkly-colored Afro-Latino characters. … Read more

There’s certainly no shortage of Critical Graft Theory studies in Joe Biden’s America

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IT’S A GRIFT: Well-meaning Americans are being suckered into an illiberal political cabal. Days before the Fourth of July, the famed KIPP charter schools announced they’d be abandoning their longtime slogan: “Work Hard, Be Nice.” In a statement, KIPP’s leaders said they were dumping the decades-old slogan because “Working hard and being nice is not going to dismantle … Read more

Governments Are Failing at Their Most Basic Duties While Promising Free Stuff

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by Gary Galles via Mises Three city blocks were systematically burned to the ground as hundreds of the local police stood by and viewed the violence. They were obeying orders not to harm the arsonists. The National Guard was called, adding more armed watchers. A passive gendarmerie consorting with open rebellion has rarely been seen in American history, … Read more

‘Woke up sweating’: Texas power companies remotely raise temperatures on people using their smart thermostats

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Power companies in Texas are remotely raising temperatures inside of some customers’ homes amid the state’s ongoing energy shortage. Houston resident Brandon English, whose home has an internet-connected smart thermostat installed, was shocked to learn of the practice after his wife and infant daughter “woke up sweating.” Speaking with KHOU 11, English stated that despite his … Read more

SOCIALISM: IF YOU BUILD IT, THEY WILL LEAVE. “San Francisco saw the second largest population decline of all major cities in the U.S. in 2020, according to census data. Only one city —Baltimore — logged a greater population decline.”

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San Francisco saw the second largest population decline of all major cities in the U.S. in 2020, according to census data. Only one city —Baltimore — logged a greater population decline. San Francisco’s population shrank by 1.39% between July 1, 2019, and July 1, 2020, U.S. Census data shows. Before that, San Francisco’s population had … Read more

Hit by a ransomware attack? Your payment may be deductible

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WASHINGTON (AP) — As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: The ransoms may be tax deductible. The IRS offers no formal guidance on ransomware payments, but multiple tax experts … Read more

Tropical storm brings flooding rainfall to Gulf Coast… 15 inches? CONE…

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Tropical storm brings flooding rainfall to Gulf Coast… Less than three weeks into the season, the Gulf Coast of the United States was bracing for its first significant impact of the 2021 Atlantic hurricane season. Tropical storm warnings were plastered along the coast from southwestern Louisiana to the far western Florida panhandle on Friday, and … Read more

Prices Rise & Standards of Living Fall – Yet The Fed Keeps Printing Like Crazy

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How can a government, that’s $28 trillion in debt, spend trillions of dollars that it does not have? Well, one major way is the Federal Reserve creates money-out-of-thin-air and then ‘loans’ it to the government by buying the government’s bonds. Naturally, when the Fed counterfeits new dollars to do this, the value of the dollars … Read more

Stocks as a percentage of household financial assets just hit a record high. Prior peaks have come before dreadful bear markets.

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https://twitter.com/UPFINAcom/status/1405677266332434435 You want to know how it looks like a 💣TICKING BOND💣? US high-yield corporate bonds' real yield turned negative. @SaxoStrats @saxomarketcall @saxobank pic.twitter.com/T9M1F2qSGa — Althea Spinozzi (@Altheaspinozzi) June 17, 2021 In summary, the prospect of a rate hike two years from now obliterated the cyclical rally. Ponzi inflation was obliterated by the sell order. … Read more

“If inflation comes back, inequality gap will shrink.” This is idiotic. Inflation is the most regressive tax.

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"If inflation comes back, inequality gap will shrink." This is idiotic. Inflation is the most regressive tax. https://t.co/eYPhdkZnRq — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) June 18, 2021 Reminded me of this pic.twitter.com/Ee79MLkd7x — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) June 18, 2021 The #Fed effectively tightened monetary policy by going from "not even thinking … Read more

Buy, Buy, Buy!

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https://twitter.com/farrisbaba/status/1406273336154509315   Just put things into perspective: Germany's Dax has dropped 1.6% this week. The combined mkt cap of all 30 Dax Blue Chips has fallen to $1.65tn, also b/c the Euro has lost >2% against the dollar this week. Is now again lower than that of the US big 3: #Apple, #Microsoft, #Amazon. pic.twitter.com/FuFvY7l7Px … Read more

‘Severe’ Blood Shortage Nationwide…

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MINNEAPOLIS (WCCO) — Right now, blood banks are desperate for donors. There is a severe blood shortage nationwide, including here in Minnesota. This shortage is due to a rise in trauma cases, organ transplants and elective surgeries. The American Red Cross is looking for donors of all blood types, especially type O and those giving … Read more

Congress passes bill making Juneteenth federal holiday to mark the end of slavery

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The US House has voted to pass legislation that would make Juneteenth a federally recognized holiday, meant to celebrate the end of chattel slavery in the country. Republican critics say the law will only fuel “identity politics.” Lawmakers voted 415-14 to pass the bill on Wednesday, making the 19th of June “Juneteenth National Independence Day,” … Read more