Why the House leadership continues to introduce Continuing Budget Resolutions rather than a two-year budget is a betrayal to all Americans. The U.S. debt is out of control and is a chief reason for the high inflation Americans are financially struggling to manage…
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Trump Promises to Halt Taxes on Social Security; Cites ‘Inflation Nightmare’ for Seniors…
“I will always protect Social Security as I did just four years ago,” he said. “Our great senior citizens will be happy and they will be safe. And they will be getting their money from Medicare and Social Security.”…
Great Replacement Job Shock: 1.3 Million Native-Born Americans Just Lost Their Jobs, Replaced by 635,000 Immigrants…
Nine months later, we are delighted to see that our relentless efforts to bring attention to this critical topic finally worked, and the continued replacement of native-born workers with immigrants and illegal aliens was finally the biggest political and media talking point…
The June and July Jobs Reports Were Just Revised Lower…
Bureau of Labor Statistics released August Nonfarm employment data. They’ve once again revised their employment numbers downward this time being for June and July…
How Reuters Manipulates the Oil Market, in Two Headlines…
100% of the time, Reuters’ oil market manipulation – on behalf of various unnamed deep state interests – works 100% of the time. Last Friday morning, just as Brent crude was threatening to extend gains above $80, forcing oil CTAs and other momentum-chasers to close out their near record net short positioning…
Stocks Tumble in Tech Led Weakness on Return from Labor Day…
Stocks were slammed on return from the Labor Day weekend with the Nasdaq underperforming amid a slump in the tech sector which saw losses of c. 4.5%….
Wall Street Outraged over Latest Epic F*ck up by Biden’s Labor Department…
…frustration turned to anger and outrage on Wall Street as word spread from trading desk to trading desk that the BLS was releasing the number to some firms over the phone! When the data was finally released shortly after 10:30 am, it showed payrolls will likely be revised down by 818,000 for the 12 months through March, the biggest downward revision to the job numbers since 2009…
Biden Commerce Secretary Gina Raimondo Has No Idea Labor Dept Revised Jobs Report to Remove 818,000 Jobs…
The bureaucrats at the Bureau of Labor and Statistics let loose the real data behind the Biden-Harris fake job reports revising the alleged total jobs created downward by 818,000 jobs and the Secretary Gina Raimondo being caught by surprised when asked about the real numbers…
All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels…
As indicated on the above graph, as of December 31, 2023, Goldman Sachs Bank USA, JPMorgan Chase Bank N.A., Citigroup’s Citibank and Bank of America held a staggering total of $168.26 trillion in derivatives out of a total of $192.46 trillion at all federally-insured U.S. banks, savings associations and trust companies. That’s just four banks holding 87 percent of all derivatives at all 4,587 federally-insured financial institutions in the U.S. that existed as of December 31, 2023…
Monopoly Round-Up: Price Gouging vs Price Fixing vs Price Controls…
Kamala Harris proposed a slew of proposals arguing that pricing in America has gone haywire. Economists got mad. Trump called her a Communist. What does it all mean?…
Kamala Harris Unveils Economic Plan — Including a Whopping $1.7 TRILLION, that’s TRILLION with a “T”, in Handouts and “Price Gouging”…
Not sure how anybody can take this Harris-Walz economic proposal seriously…
Data from the Fed’s Emergency Funding Program Shows Spring 2023 Banking Crisis Was Far Deeper than Americans Were Told…
It is now one of the unspoken but immutable dictates on Wall Street: with each new banking crisis, the Federal Reserve will quickly create an emergency bailout program and give it a three to four letter abbreviation so that it vanishes into an alphabet soup blur of Fed bailout programs that preceded it….
Core Consumer Prices Hit New Record High – up for 50th Straight Month…
Following last month’s ‘deflationary’ print (-0.1% MoM), analysts expected headline CPI to rise 0.2% MoM and they were spot on, shifting the YoY CPI print to 2.9% (from 3.0%) – the lowest since March 2021…
Eric Trump Previews Major Trump Org Move into Crypto as He Charts the Family Company’s Future…
Looking more and more like cryptocurrency is going to be in American’s future….
FLASHBACK: Kamala Harris Cast the Tie-Breaking Vote to Let the IRS Track Workers’ Tips to be Taxed (VIDEO)…
“Two years ago today, I proudly cast the tie-breaking vote to pass our Inflation Reduction Act,” Kamala Harris boasted last week on Facebook. The so-called ‘Inflation Reduction Act’ added more than 80,000 new IRS agents to the agency to track tipped workers and $600 Venmo payments….
These FDIC-Insured Banks Have Lost 69 to 40 Percent of Their Market Value Year-to-Date…
Here’s a look at three FDIC-insured banks that have lost 69 percent, 57 percent and 40 percent, respectively, of their share price year-to-date. The decline represents the change from their share price at the close on the last trading day of 2023 (Friday, December 29) and their close yesterday, (Monday, August 12, 2024)…
FTX Ordered to Pay $12.7M to Customers, Fraud Victims…
The now defunct cryptocurrency exchange FTX and its sister company Alameda Research have been ordered to pay $12.7 million to their customers and fraud victims, the Commodity Futures Trading Commission (CFTC) announced Thursday…
Global Markets Rebound After Historic Bloodbath, Japan Soars…
After Monday’s historic selloff that capped a three-week, $6.4 trillion rout in global equities as a brutal unwind in the carry trade driven by last week’s BOJ rate hike hammered most consensus trades, a dead cat bounce arrived as some investors looked for bargains and markets saw a hint of calm return on Tuesday…
What’s the Sahm Rule? Alarming Jobs Report Raises Recession Risk…
A key indicator has predicted every recession since 1970, and the alarm just sounded…
$1 Trillion Wipeout: Market Rout Punishes Megacap Tech…
As U.S. markets opened for trading on Monday, tech’s megacap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week….
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