Russia is done with the West. The divorce is nearly complete. In the past few days we’ve heard from all major Russian leaders the same thing, “The West will play by our rules now.”…
Finance
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Sunday Talks, NEC Director Brian Deese Explains Biden Inflation Solution, Raise Taxes, Take Over Drug Prices and Subsidize Energy Costs for Poor Americans…
NEC Director Brian Deese delivers a consistent blend of words, claimed to be economic policy, that make absolutely no sense. Deese is almost as bad at parse tongue gibberish as Pete Buttigieg and Kamala Harris, but not quite up to their level…
As the Speeding Crypto Train Crashes, Scientific and Engineering Experts Tell Congress that Both Crypto and Blockchain Were a Sham from the Beginning…
Crypto pushers hired themselves Trump’s outgoing SEC Chairman, Jay Clayton; a boatload of celebrities like Matt Damon (see his commercial below), LeBron James, Spike Lee, Tom Brady, Alec Baldwin, among numerous others; and high-priced lobbyists to sway Congress and state legislatures to back off any regulatory push. Crypto even slapped its name on sports stadiums and arenas – similar to Enron and Citigroup just before they blew up from specious business models…
Joe Biden Read This: All You Need to Know About the U.S. Refining Industry…
President Joe Biden has written to major oil companies to complain about the high refining margins for gasoline and diesel and demanded an explanation for refinery closures since 2020. The president’s letter, dated June 14, should be seen mostly as a political exercise to deflect responsibility for high fuel prices and accelerating inflation (“Biden warns big oil over gasoline output”, Axios, June 15)….
Exxon Mobil Slams Biden in Fiery Letter…
”We kept investing even during the pandemic, when we lost more than $20 billion and had to borrow more than $30 billion to maintain investment to increase capacity to be ready for post-pandemic demand.”…
There it is, Samsung Signal Flare, Demand Side Contraction, Inventories Too High, Request Suppliers Stall Shipments…
We have been waiting for the non-essential durable goods side of the manufacturing sector to start showing evidence of demand side contraction in consumer purchases. There have been subtle sector-by-sector indicators of consumer spending shifts for several months; however, today we get the direct evidence from Samsung…
Chevron Hits Back, Says Biden Trying to “Impose Obstacles” to Energy Delivery…
Chevron has hit back at the Biden administration, claiming that their policies since January 2021 have sent a message that it aims to “impose obstacles to our industry delivering energy resources the world needs,” according to Bloomberg’s Annmarie Hordern, citing a statement by the company…
Why the Fed Raised 75 bps and How to Break the Davos Crowd…
I sat down for a long chat with my good friend Crypto Rich over the weekend and have just found the 20 minutes to post them here. We did a series of videos, Duran-style, on a number of topics. They are all below…
Fed Hikes Rates By the Most in 28 Years, Signals Volcker-Era Is Back…
The Fed hiked rates by a stunning (but expected) 75bps – the biggest hike since 1994. Esther George dissented (preferring 50bps). Fed expresses that is “strongly committed” to fighting inflation…
Economic Security is National Security, and the Foundation of Economic and National Security Is Energy Policy, Biden Is a Threat to National Security…
Economic security is the foundation of national security. When the government takes action that destabilizes our economy, every element of national security is put at risk. We are experiencing that right now as we suffer through Joe Biden’s intentionally flawed energy policy that is destroying the U.S. economy and everyone within it…
SHOT: Biden Threatens Oil Companies with ‘Emergency Powers’ If They Don’t Boost Supply…
Biden says oil companies are earning ‘historically high’ profits…
CHASER: ‘Big Oil’ Responds to Biden’s Threats: Here’s 10 Things You Can Do to Ease Gas Prices…
Following President Biden’s letter to many ‘Big Oil’ executives, threatening them with forced production quotas, windfall taxes, and/or price-caps (because all those things have proved so successful in past crises… not), Exxon Mobil issued a reasoned response to The White House accusations and scapegoating:…
Production Prices Continue Exceeding Current Consumer Prices, Meaning Higher Prices Still Coming…
The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released the May 2022 price data [Available Here] showing another 10.8% increase year-over-year in Final Demand products at the wholesale level…
Ssshhhh! Don’t Tell the Biden Administration We’re Importing Evil Russian Oil…
And in the first 100 days of the war, Russia earned 93 billion euros from fossil fuel sales…
Is the Biden Administration Purposely Destroying Reliable Energy in the U.S.?…
ESG mafias, inflation nation, & eco fanatics…
High Gas Prices, Empty Shelves and Soaring Inflation Has Nothing to Do with Putin. This Australian Sets Her Viewers Straight (VIDEO)…
US President Joe Biden’s “performance” had “started badly and got worse” during a recent interview with Jimmy Kimmel, says Sky News host Rita Panahi…
Western Economic Inflation is a Feature, Not a Flaw, Currently Hidden Behind the Purposefully Useful Sanctions Against Russia…
Joe Biden’s repeated use of the phrase “Putin’s price hikes” is intended to shift responsibility for inflation away from his own policy and assign blame to Russia. Biden is essentially pretending that Vladimir Putin has control over White House energy policy, in order to protect his administration from the American people realizing all of the economic pain they feel is being done purposefully…
Poll: Most Believe Biden Admin Allowing Gas Prices to Rise to Get Americans off Fossil Fuels…Voters Have Caught onto the Scam…
Most voters believe the Biden administration is allowing gas prices to rise to force Americans to use less fossil fuel, a Convention of States Action/Trafalgar Group survey released Friday found…
Job Creators Network Puts Biden’s Failures on Times Square Billboard…
Job Creators Network (JCN) put up another billboard, which if wasn’t so painfully true, would be comical. It is located in the Mecca of all billboard areas: in the heart of Times Square…
Government Employees Got $872 Million in Bonuses Out of COVID Aid Cash…
The federal bailout of state and local governments padded the paychecks of many public employees.
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