Lunatic RBA steers Australia toward recession with 0.5% rate hike

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by Boo_Randy Central bank engineered boom/bust cycles are the most efficacious means to transfer the wealth and property of the soon-to-be-extinct middle class to the central bankers’ oligarch accomplices. Looks like the RBA just broke it off in the asses of the housing speculators – setting the stage for “private equity” vulture funds to hoover … Read more

Sri Lanka promises to stop printing money soon as inflation hits 60%

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by Boo_Randy Watch & learn, Jerome Powell, Yellen the Felon, & Brandon. https://www.independent.co.uk/asia/south-asia/sri-lanka-inflation-rate-money-printing-b2115862.html Sri Lanka, which is facing one of the worst economic crises in years with depleting foreign reserves, recorded the highest inflation in Asia amid plans to stop printing local currency to pay salaries. Prime Minister Ranil Wickremesinghe said on Tuesday that the inflationrate is expected … Read more

A Massive Police Database of Allegedly 1 Billion Chinese Citizens Is Being Sold Online

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by Boo_Randy If you want to see the “fundamental transformation” the globalists and their Democrat-Bolshevik Quislings have in mind for America, just look at the creepy Orwellian surveillance & control measures the DNC’s ideological mentors in the CCP have implemented in China. https://www.vice.com/en/article/y3pgyw/china-leak-1-billion-shanghai-police The sample files contain a trove of crime reports, including cases of … Read more

Joe Biden faces a Jimmy Carter moment on inflation, and Carter-era officials warn of political doom as the White House has few tools to tame rising prices.

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Veterans of Carter's inflation wars say that the "excessive" American Rescue Plan surely fueled inflation and that Biden must abandon his Build Back Better spending ambitions and focus on deficit reduction. pic.twitter.com/JbjKDKHLVe — Alan Rappeport (@arappeport) July 5, 2022

This is a major breakout for the greenback as a result of this continued global flight to safety trade.

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The US dollar index at *106.04*, a 19-year high! The Euro is nearing parity, sinking down 1.26% to 1.035. This is a major breakout for the greenback as a result of this continued global flight to safety trade. pic.twitter.com/8PH7wOfMEm — Markets & Mayhem (@Mayhem4Markets) July 5, 2022 … leaving would-be #leverageloan borrowers in the lurch: … Read more

Deflation to Trigger Fed’s 180

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by David Brady via Sprott Money While everyone is focused on inflation, it is becoming increasingly clear that we’re on the cusp of deflation in everything but necessities such as food and energy. It is also convenient for the Fed that they exclude the most important factors for consumers in their analysis of inflation and its influence on … Read more

Payment For Order Flow & The SEC’s Plan To End It

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By Lance Roberts “Payment For Order Flow” remains a contention between retail investors and Wall Street. On the one hand, it creates the ability to have “free trading” for retail investors. However, it also creates an opportunity for Wall Street to “front-run” individuals for profit. In financial markets, “Payment For Order Flow,” or “PFOF,” refers to a broker’s compensation from third parties to influence how the … Read more

Supermarkets put security tags on ‘high value’ items cheese, meat and BABY MILK as cost-of-living crisis drives thefts…

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Now Lurpak nears a TENNER a pack: 1kg tub is spotted on sale in Iceland for eye-watering £9.30 while supermarkets put security tags on ‘high value’ items cheese, meat and BABY MILK as cost-of-living crisis drives thefts Photos posted to social media showed £3.99 blocks of cheddar on shelves in Aldi with electronic tags fitted … Read more

The U.S. Economy Is Starting To Slow Down Dramatically

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https://youtu.be/KQKPS4bNrII The pace at which economic conditions are deteriorating is shocking the experts. Just a few months ago, authorities were saying everything was under control and things would soon start improving again. But since the start of 2022, a major shift has taken place. Most of the headlines have been about the highest consumer prices … Read more

Powell about inflation

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“Weekly Inflation Outlook: Time To Be Wrong More Slowly” “We’ve lived in that world where inflation was not a problem. I think we understand better how little we understand about inflation.” http://www.investing.com/analysis/weekly-inflation-outlook-time-to-be-wrong-more-slowly-200626637

Chinese real estate crisis is coming…

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https://www.cnn.com/2022/07/04/economy/chinese-developer-shimao-default-intl-hnk/index.html Another Chinese real estate investment missed payment. So just how bad is this. I mean, evergrande seem to have fall out of news for no reason. People have been predicting Chinese real estate collapse for over a decade. Now for some context, in that time, chinas economy has continued to grown to the envy … Read more