Federal Fiscal Shortfall Nears $1M Per Household

The U.S. Treasury has published a major report revealing that the federal government has amassed $124.1 trillion in debts, liabilities, and unfunded obligations. To place this shortfall in perspective, it equates to: $955,407 for every household in the U.S. 29 times annual federal revenues. …

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Adam Schiff, CNN and Daily Beast get sued…

The Delaware computer repairman who blew the whistle on Hunter Biden’s laptop filed a multimillion-dollar defamation suit Tuesday against Democratic Rep. Adam Schiff, CNN, the Daily Beast and Politico, saying they falsely accused him of peddling Russian disinformation. The former …

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Psaki out on May 13: Jean-Pierre In!

The White House announced Thursday that Karine Jean-Pierre will replace Jen Psaki as White House press secretary in the coming week. Jean-Pierre will become the first openly gay person and first Black woman to hold the role. The White House said that Jean-Pierre would assume …

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On The Abortion Ban Extravaganza

by Chris Black Only 14% of the population supports a total abortion ban. It’s empirically an unpopular opinion but they make up for it with moral zeal. Pro-life people operate like leftists rather than conservatives, which is why they are …

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HOW IS SHE WORTH 3.17M?

Stacey Abrams’ net worth skyrocketed over 2,800% in just three years thanks in part to her holdings in a company called Now Corp. (previously called NowAccount or “Now”), a Government Accountability Institute study has found. In 2018, Abrams reported a …

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Axel Merk launches Stagflation ETF

The Merk Stagflation ETF (ticker STGF), which launches Wednesday, tracks a portfolio divided between 55%-85% U.S. Treasury Inflation-Protected Securities and between 5%-15% real estate, gold and oil. The ETF charges a 0.45% expense ratio and will rebalance as needed to …

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Anyone with a modicum of understanding knows the crisis is coming. A monetary unravelling is about to occur that going to leave nations perhaps as economically damaged as Ukraine…

by mark000 https://morningporridge.com/blog/blains-morning-porridge/central-banks-inflation-and-debt-were-in-trouble/ ………….. But monetary and fiscal interventions since 2008 have had massive consequences and created intense market distortions. They created the financial asset bubbles (that are now deflating) and have distorted the efficient allocation of capital by financial …

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