Restaurants Now Charging Inflation Fees

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The national restaurant chain is now charging a $2 “temporary inflation fee.” The fee is tacked on the bottom of customers’ bills. Customer Alison Burke said she was surprised but she “completely understands” the need for the restaurant to do that. Loyal Macaroni Grill customers WESH 2 talked to say they don’t mind. “We had … Read more

Former White House Physician Says “Biden Won’t Finish His Term” “His mind is too far gone.”

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The former physician, who is now a Texas Congressman, made the comments after it was revealed that Barack Obama had sent Jackson an email chastising him for questioning Biden’s cognitive ability. “I have to express my disappointment at the cheap shot you took at Joe Biden via Twitter,” Obama wrote, adding, “It was unprofessional and … Read more

Biden Administration Being Sued Over Govt/Media Collusion. It’s on like Donkey Kong

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Judge Grants Attorneys General of Missouri & Louisiana Discovery in Collusion Case Against Top Biden Officials & Social Media Companies https://amgreatness.com/2022/07/13/judge-grants-attorneys-general-of-missouri-louisiana-discovery-in-collusion-case-against-top-biden-officials-social-media-companies/ Yes..we now get discovery regarding these topics: 1. The Hunter Biden Laptop Story 2. The Lab Leak Theory 3. The Efficacy of Masks In their lawsuit, the AGs argue that the Biden regime colluded … Read more

ICE Set to Run Out of Money Before October, in time for elections ? and open border

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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

No Good Solutions Left for Central Banks

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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

The Core? Flexible Price Inflation Rises To 18.74% While Core Inflation Plunges To 8.40%, “Fats” Waller Backing 75 Basis Point Hike (30Y Mortgage Rate Rises To 5.83%)

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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

This is what asset deflation looks like… The economy is melting down fast!

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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

[China in July] Having witnessed first-hand how the subprime mortgage crisis dragged down the Lehman Brothers and threatened the entire industry, this environment is starting to feel eerily similar.

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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

The ECB is getting ready to fire a peashooter

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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

All these guys are completely clueless…

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All these guys are completely clueless pic.twitter.com/9TUYJJlkPU — zerohedge (@zerohedge) July 14, 2022 https://twitter.com/NorthmanTrader/status/1547564699557908481 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 housing is much bigger than in past monetary tightening cycles, as mortgage … Read more