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We are staring down the barrel of a confluence of several scenarios–each of which individually is a significant, life-changing event–but which are together conspiring is a dangerous and incendiary situation: food shortages, inflation, and a breakdown of the supply chain. A new media narrative today acknowledges food shortages, and blames animal agriculture, indicating we are … Read more
Sky News host Alan Jones has put together coronavirus, India, and our national government in “20 simple points”. h/t Dan
The Left will have a real problem in the 2021 elections as the return of President Donald J. Trump’s signature ‘MAGA’ Rallies make a comeback, giving him a massive audience to talk about his endorsements that they can not censor him from. Jason Miller, one of Trump’s long-time senior advisors, posted on Twitter on Saturday, … Read more
https://youtu.be/tjEfpRAt0MA https://youtu.be/29HGFep3Zek h/t Taz
https://twitter.com/NorthmanTrader/status/1390743210801176576 There's going to be a lot of inflationary soul searching this weekend. Monday is going to be interesting. — John Tuld (@BradHuston) May 7, 2021 still no senate hearing on hyperinflating lumber prices pic.twitter.com/zI0urtphOc — Alastair (@StockBoardAsset) May 7, 2021 A trend will continue until it forces a change of behavior. So, how high … Read more
Over the last few months private bankers in the EU in Germany at Deutsche Bank and Commerzbank are turning customers away who want to deposit cash? Banks in Germany Tell Customers to Take Deposits Elsewhere https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601 And then central bankers at the European Central Bank (ECB) want a higher inflation target with an increase in … Read more
by howmuch Capital gain tax rates are a constant subject of political debate, and they’re once again part of the new proposed tax plan. Republicans argue that capital gains should be low because income is already taxed when it’s earned, and taxing investments has the effect of lowering overall economic growth. Democrats believe the wealthiest … Read more
Greg Hunter gives the Weekly News Wrap-Up for Friday, May 7, 2021 Montana is the first state to cancel unemployment benefits. It is in response to the very tight labor market as the economy opens back up to an unprecedented worker shortage. 16 million people are still on some form of unemployment at the state or federal … Read more
It may take more than a much-weaker-than-expected April jobs report to kill the U.S. stock market rally, analysts said, though the popular reflation trade — bets that stocks more sensitive to the economic cycle will outperform their peers — saw a modest setback on Friday. “The market is rallying as the disappointment leaves the door … Read more
https://www.kens5.com/article/money/business/truck-driving-shortage-to-hit-home-for-everyone/273-a62d544e-576c-4066-8ab9-96ac9f2e6338 h/t javierruizleon
The power to tax has long conferred the power to destroy political opponents. But in the glorious era of President Joe Biden, all previous cases of government abuse of power are being expunged, at least by the media and Biden supporters. That is why it is supposedly safe to vastly increase the power of perhaps … Read more
https://twitter.com/JackPosobiec/status/1391083931798212620 h/t coorslight
The rise of social media has been one of the most powerful technological advances in world history. It has given a voice to the voiceless, a platform to every person across the globe, and a forum to those without a space to share their thoughts – from the small farmer in a third world country, … Read more
by Oak He owns a popular restaurant. He used to pay minimum wage and the staff made their money in tips. So, to get his employees to come back to work (and get off unemployment), he agreed with their unofficial union to pay $17.50/hour. They ALL came back to work. Then he put a sign … Read more
WASHINGTON – The Biden administration said Monday that it would allow 62,500 refugees to resettle in the United States this year, reversing course after the White House initially said it would keep a historically low Trump-era limit on those fleeing war, violence and persecution. President Joe Biden made the announcement weeks after he sparked a political uproar from human rights groups … Read more
"College Station police said the 34-year-old man was arrested and charged with evading detention, resisting arrest, and resisting transport." … IT'S A TRAFFIC VIOLATION JUST GIVE HIM A FUCKING TICKET AND LET HIM GO 🤦🏽♂️https://t.co/VwA3Z0jVo0 — Fifty Shades of Whey (@davenewworld_2) May 7, 2021
by: Stefan Gleason Yesterday’s release of the April Non-Farm Payrolls report fueled a new gold rally. The yellow metal gained over $20 per ounce on the news. The jobs report was a major piece of economic data-possibly the most important of the month. Expectations were high-consensus estimates were looking for an additional 1 million jobs … Read more
