The US federal government’s budget deficit reached $1.1 trillion in the first half of the fiscal year

by

The U.S. budget deficit hit $1.1 trillion in the first half of fiscal year 2023, the Treasury Department said Wednesday, $432 billion more than the shortfall in the same period a year ago. That includes a March deficit of $378 billion. The wider deficit is mostly due to increased government spending, which rose by 13% … Read more

Doug Casey: Why the US Is Headed into Its Fourth Turning

by

Guest Post by Doug Casey at InternationalMan.org: International Man: The economic, political, social, and cultural situation seems to have become increasingly volatile in the United States and more broadly in the West. Is this a unique situation or part of a recurring historical cycle? Authors William Strauss and Neil Howe introduced a popular theory in … Read more

Armstrong: Someone must protect our children

by

by Martin Armstrong Bud Light chose a transexual man who often dresses as a little girl to represent their brand. People are voting with their dollars and boycotting the cheap beer.  Distributors for Anheuser-Busch have stated that businesses already began to cancel orders over Easter weekend. Beer Business Daily noted that despite limited data as … Read more

“URBAN STRUGGLES”: Walmart Closing Half its Chicago Locations. “I’m more interested in WaPo reporter Jaclyn Peiser’s skewed take than I am in any problems Walmart has in one of the nation’s most violent cities.”

by

via pjmedia: Discount retail giant Walmart is only the half the giant it once was in Chicago, saying this week that it will shutter four of its eight locations there. The Washington Post says the move signals “urban struggles.” Outgoing mayor Lori Lightfoot, who has overseen a massive spike in murder and other crimes, said in a statement, … Read more

HARDBALL: Republicans want to make it difficult for Senate to replace Feinstein on key panel.

by

via NBCNEWS: In response to some Democrats calling on her to resign, Feinstein, 89, asked Senate Majority Leader Chuck Schumer to find a substitute for her on the powerful committee until she can come back. With Feinstein’s absence, the committee, split 11-10, has delayed advancing more than a dozen of President Joe Biden’s judicial nominees … Read more

DON SURBER ON CHICAGO: Shockingly high crime, shockingly low arrest rates.

by

via donsurber: The San Francisco Standard reported, “One of the largest supermarkets in Downtown San Francisco—the Whole Foods Market at Eighth and Market streets—intends to shut down at the close of business Monday just a little more than a year after the store opened, company officials told The Standard.” High theft and hostile visitors did it. … Read more

SUSTAINABILITY: Deficit Tops $1 Trillion in First Six Months of FY2023.

by

via CNSNEWS: The federal deficit topped $1 trillion in the first six months of fiscal 2023 (October through March), according to the Monthly Treasury Statement released today. This was despite the fact that federal tax revenues in the first six months of this fiscal year were $2,048,196,000,000, which was the second-highest in the nation’s history … Read more

Only 32% of Lenders Profited on Mortgages in 2022

by

by Martin Armstrong The talking heads have been warning of a housing crash, but that is not what Socrates indicated. The 30-year fixed rate is around 6.89% at the time of this writing. Housing costs continue to rise, causing the costs of servicing mortgage debt to rise. Housing inventory is limited, and a recent report … Read more

Bragg Sued for Election Interference

by

by Martin Armstrong It is clear to everyone that Alvin Bragg is going after Donald Trump to prevent him from running in the 2024 Presidential Election. The Manhattan DA, who campaigned solely on a promise to take down Trump, but failed over 100 times, has made a mockery of the US legal system. Since no one … Read more

Military exercises suggest China is getting ‘ready to launch a war against Taiwan,’ island’s foreign minister tells CNN

by

CNN — One day after China simulated “joint precision strikes” on Taiwan during military exercises around the island, Taiwan’s Foreign Minister Joseph Wu condemned Beijing’s actions in an exclusive interview with CNN and warned that “they seem to be trying to get ready to launch a war against Taiwan.” “Look at the military exercises, and … Read more

Italy declares STATE OF EMERGENCY over influx of migrants

by

by: Ramon Tomey (Natural News) Italy has declared a state of emergency for a six-month period following a rise in the number of migrants entering the country. The declaration announced on April 11 earmarked €5 million ($5.5 million) to build new holding facilities for migrants. A statement from Italian authorities said they are hoping to set up … Read more

Inflation as Fed’s target is a scam

by

by joeyang043 Let me give an extreme example. A pizza is priced at $10 two years ago. One year later, it is priced at $1000. The yoy inflation is ~10000%. Another year later, the price drops to $990. The yoy inflation is -1%. According to Fed, it is a total victory. Inflation is under control. … Read more

Tesla’s U.S. EV share subsequently fell from nearly 75% of the market in January 2022 to just over 50% in January 2023.

by

by scott_jr General Motors’ EV market share grew from 0.1% to 9.9%, and Ford’s foothold grew to 8.4%. S&P Global estimates the EV market will grow from just over 50 models today to 78 by year-end before more than doubling to 160 by the end of 2025. General Motors sold more than 20,000 EVs for … Read more

Stubborn inflation causes the price of Big Macs to soar

by

by: Cassie B. (Natural News) The relentless inflation that has been draining Americans’ savings extends far beyond the grocery store, and one popular fast food sandwich illustrates just how much prices have risen in recent months. Although its price varies by location, a Big Mac combo meal is now selling for $16.89 in Connecticut. Right … Read more

Gimme Shelter! Fed Leans Toward Another Hike, Defying Staff’s Recession Outlook (Shelter CPI UP 8.2% YoY, Food CPI UP 8.5% YoY)

by

by confoundedinterest17 Gimme (cheap) shelter. Two of the biggest items for consumer are housing and food. Shelter inflation (CPI) is still growing at 8.2% YoY and food is still growing at 8.5% YoY. Federal Reserve officials appear on track to extend their run of interest-rate hikes when they meet next month, shrugging off their advisers’ warning … Read more

Whole Foods Faces Store Closings As Biggest Retailers In America Brace For Bankruptcies

by

https://www.youtube.com/watch?v=vVTqzQN9dU4 Now several Whole Foods stores are being shuttered as fears of retail bankruptcies grow across the sector. Experts are saying that the organic supermarket chain is Amazon’s biggest risk and many pieces of evidence show why Whole Food locations are falling apart faster than other grocery stores. This week, Whole Foods made the headlines … Read more