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Biden’s political appointees are transforming ICE from a law enforcement agency into a social services agency without Congress’s permission (Molly Bruns, Headline USA) With new horrors and atrocities emerging daily along President Joe Biden’s open borders, the U.S. Immigration and Customs Enforcement has predicted that they will run out of money by October unless the … Read more
By Egon von Greyerz In this brief interview with Wall Street Silver’s Jim Lewis and Ivan Baroukhi, Matterhorn Asset Management principal Matthew Piepenburg discusses the trap which central banks have set for themselves and the longer-term implications this will have on inflation and hence precious metal pricing. Matthew opens with the slow but clear process of de-dollarization … Read more
View post on imgur.com https://www.bloomberg.com/news/articles/2022-07-14/japan-s-kishida-orders-restart-of-up-to-nine-nuclear-reactors h/t dr0id
by confoundedinterest17 As Americans are painfully aware, inflation is the highest in 40 years prompting The Federal Reserve to remove the massive punch bowl. In fact, Federal Reserve Governor Christopher “Fats” Waller backed raising rates by 75 basis points this month. How hot was the recent inflation report? The Atlanta Fed’s flexible price index rose to 18.74% YoY. … Read more
https://twitter.com/MFHoz/status/1547577863368425475 https://twitter.com/MFHoz/status/1547873218052050950 https://twitter.com/MFHoz/status/1547295051977555970 https://twitter.com/MFHoz/status/1547315706458505218 Republican economic expectations lowest on record. Democrat expectations lowest under Biden's presidency pic.twitter.com/Zdl6HSfCyH — zerohedge (@zerohedge) July 15, 2022 Consumer participation is declining in both real and now nominal terms, at least per $WFC's credit card spend data. Something to watch closely. https://t.co/Fu2YTyh2wU — Markets & Mayhem (@Mayhem4Markets) July 15, 2022 … Read more
It is spreading like wildfire. Homebuyers in China are refusing to pay the mortgage on properties they’ve bought but that their financially strapped developers can’t finish. Some say that they will only resume payments when construction restarts. The protest involved more than 100 delayed projects as of July 13, up from 58 projects just one … Read more
by Shaun Richards This morning there are quite a few economic arrows pointing at the Euro area and by consequence the European Central Bank or ECB. One was unintentionally fired by the Bank of Canada yesterday. Today, we raised the policy interest rate by 100 basis points, or 1%. An increase of this magnitude at … Read more
Are there ways of making a better income? You want to spend less but something happens. When life interferes with it, the car has to have the tires replaced, the teenager needs braces, and the house has to get a new roof. Is that something you know? The reality is, it is not necessary that … Read more
All these guys are completely clueless pic.twitter.com/9TUYJJlkPU — zerohedge (@zerohedge) July 14, 2022 Maybe it's time to retire. pic.twitter.com/ypeb7uB2sD — Sven Henrich (@NorthmanTrader) July 14, 2022 pic.twitter.com/HvZ8FVoEhC — RNC Research (@RNCResearch) July 14, 2022 RECESSION MOVES CLOSER 👇👇👇 pic.twitter.com/R8mgXqe2UN — Win Smart, CFA (@WinfieldSmart) July 15, 2022 Global recession is coming. The shock to US … Read more
by Boo_Randy Millions of Chinese bagholders pre-paid for apartments that will likely never be completed as deeply indebted property developers are going bust left and right. Now huge numbers of those baggies have vowed to stop making their mortgage payments, which is going to further slam the Chinese banking sector. Will China be the first … Read more
Being a parent is priceless — but how much does it cost to become one? A new study revealed that giving birth costs an estimated $20,000 in the US, an astounding number when the median household income is just $67,521. The Kaiser Family Foundation study used data from the IBM Health Analytics MarketScan Commercial Claims and Encounters Database, which … Read more
“Segregation today, segregation tomorrow, segregation forever!” The University of California has now joined with the University of Arizona in deciding that American Indians should be afforded special favored treatment above all other races and will therefore no longer have to pay tuition. From the announcement letter [pdf], signed by the university’s president, Michael Drake: Starting in Fall 2022, the University … Read more
Look how he shuffles along, pointing. He needs to be in a nursing home. He’s got much worse lately This is concerning… pic.twitter.com/rMqQETvs5y — The Post Millennial (@TPostMillennial) July 14, 2022 h/t Tess
(Reuters) -Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing “extreme” market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. … Read more
https://youtu.be/rrMB-2h8i4g Short video of protests today in Italy. Citizens stormed a mayors office voicing complaints about not having bread/food. A small farmers convoy formed to show support for the Dutch farmers. And a massive crowd of Italians celebrated the news of the Prime Minister resigning (I believe the resignation has been rejected). h/t Settlemente
