Here We Go: G7 to enforce Russian oil price cap; Russia will not comply

“The finance ministers of the Group of Seven influential nations announced on Friday their intention to ban maritime services transporting Russian oil if its price is not approved by ‘international partners.’ …Moscow has made it clear that it would not comply, instead shipping its crude to countries not bound by the cap. Deputy Prime Minister … Read more

John W. DeFeo: ‘I am not a Republican and I have zero admiration or respect for the Republican party, let alone Donald Trump, whom I’ve reviled since before he was President. That said, I consider this iteration of the Democratic party to be the greatest threat to U.S. democracy in my lifetime.’

An important clarification: My lack of respect for a political party as an *institution* does NOT mean that I have no respect for all members of a party. There are members of both parties whom I respect and love. I believe in person over party:https://t.co/0Bymp6GyY8 — John W. DeFeo (@johndefeo) September 2, 2022 ‘Democracy is … Read more

US Oil Reserves Nearly Depleted

by Martin Armstrong The US Strategic Petroleum Reserve (SPR) has been at its lowest level since, ironically, 1984. The reservoirs are composed of four underground sites constructed from salt domes on the Gulf Coasts of Louisiana and Texas. The White House began extracting oil from the emergency reserves to combat rising gas prices. Politicians simply … Read more

Famed investor sees the stock market ‘tragedy’ when ‘superbubble’ bursts. The stock market could retest its June low over the next few weeks on recession fears

via nypost: Despite a summer rally, the US stock market is still an unprecedented “superbubble” that will cause financial “tragedy” for investors when it bursts, according to famed investor Jeremy Grantham. Grantham, the co-founder of asset management firm GMO in Boston, said the current superbubble is entering its “final act” due to deteriorating economic conditions. … Read more

Wolf Richter: Runaway Inflation in the Eurozone, which Kicked Off in mid-2021, Sets New Record, Wakes Up even Ridiculously Reckless ECB

via WOLF STREET: Inflation in the Eurozone jumped to 9.1% in August, a new record in the Eurozone data going back to 1997, according to preliminary data released today by Eurostat. It topped out at 25.2% in Estonia. Germany hit at a record 8.8%. This spike of inflation started suddenly in early 2021, after years of ECB money-printing … Read more

Chad Pergram: “Dems win second special election in August, flipping a seat from red to blue.” Pelosi Celebrates.

Dems win second special election in August, flipping a seat from red to blue. Democrat Mary Peltola wins Alaska House special election to succeed late GOP AK Rep Don Young. Peltola defeats Republican & fmr GOP VP nominee Sarah Palin. — Chad Pergram (@ChadPergram) September 1, 2022 A) Pelosi: Congratulations to Congresswoman-elect Mary Peltola on … Read more

TheDailyBeast: Tim Pool Using Music to Lure People into His Right-Wing World; Tim Pool: “leftist music is called ‘lockstep’ because they march in lockstep with major corporations and the government

leftist music is called "lockstep" because they march in lockstep with major corporations and the government — Tim Pool (@Timcast) August 31, 2022 All is not what it seems, especially when it comes to Tim Pool. Host @willsommer and @AndrewKirell discuss his new song, which they think he’s using to lure people into his right-wing … Read more

The California bill literally replaces science with consensus.

The California bill literally replaces science with consensus. pic.twitter.com/1qTJ9yjjJg — Phil Kerpen (@kerpen) August 31, 2022 What's most interesting about the California law is that it's not enough for misinformation to be false — it must also be contrary to consensus. So the anti-schoolers, child-maskers, long COVID grifters, etc. are protected. — Phil Kerpen (@kerpen) … Read more

Don’t fight the Fed advice

by BlazingJava With so many people trying desperately holding on to any good news lately, remember don’t fight the fed and don’t fight the trend. If jobs number is good the fed will take it as a sign there’s more room to increase rates. If GDP grows or stagnates they will take it as a … Read more