Reuters reports that the U.S. sent 5 million barrels of oil to China, India, and Europe last month. Why?…
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Texas Authorities Urgently Beg Residents to Turn Off Air Conditioning Because There is No Wind to Power the Windmills
This is not The Onion or any form of spoof. This is real life, and it is happening today…
Grand Theft Labor: Feds Paid $78B in Errant, Fraudulent Jobless Benefits in 2021 Alone…
Labor Department in violation of federal payments integrity law, as its record of protecting taxpayers worsened during pandemic…
REPORT: 75% of $800B Paycheck Protection Program Didn’t Reach Employees…
Study found that taxpayers shelled out $4 for every $1 in wages and benefits received by workers from the Paycheck Protection Program…
Biden and His People Are Living in the Disinformation Corporate Media Matrix Because Nothing Else Can Possibly Explain This — Biden’s SpokesWOMAN Karine Jean-Pierre Claiming Current U.S. Status Is Best Economy in Our Nation’s History..Cognitive Dissonance Anyone???…
White House Press Secretary Karine Jean-Pierre on Thursday absurdly claimed the US is now “economically stronger” than we have been in history…
Biden Administration Preventing America’s Second-Largest LNG Plant from Restarting Operations…
The administration of President Joe Biden is preventing America’s second-largest liquefied natural gas (LNG) plant from restarting operations after it was forced to shut down due to a fire in June over alleged “risks to public safety.”…
Oil from U.S. Strategic Reserves Loaded Up on Ships Heading to Distant Shores…Little Staying Here…
More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs…
Are You Willing to Suffer Through a Recession for the Good of “The Liberal World Order”?…
How much are you willing to sacrifice for “the future of the liberal world order”?…
Oil Billionaire Blasts Biden’s Gas-Price Blame-Games, Says Only One Thing Will Fix Inflation…
New York billionaire and refiner John Catsimatidis, who owns hundreds of gas stations, blasted President Joe Biden’s pinning the blame on high prices at the pump on gas station owners, arguing there’s only one solution for inflation – boosting production of crude…
Prince Charles Will No Longer Take Bags Of Cash From Gulf Sheikhs…
Prince Charles years ago stopped accepting bags full of cash from Gulf royalty and won’t do it again, a senior royal source told BBC on Wednesday…
Exxon CEO Warns That Consumers Will Pay for Hasty Energy Transition…
ExxonMobil expects all new cars sold two decades from now to be electric vehicles. But the U.S. supermajor also believes that people will “pay a high price” in this rush to renewables without providing the energy the society currently needs…
Atlantic Council Pushes Biden Admin. Towards a U.S. Digital Currency…
The executive order issued by Joe Biden on Mar. 9, 2022, was primarily focused on cryptocurrencies. Nonetheless, his mention of a U.S. digital currency received significant attention and brought the U.S. government one step closer to regulating both cryptocurrencies and a United States central bank digital currency (CBDC)…
Is the Crypto Threat to U.S. Financial Stability $889 Billion or $10 Trillion?…
Yesterday, Benzinga reported on a curious statement made by Fed Chair Jerome Powell during his appearance before the Senate Banking Committee on Wednesday…
Crypto Victims’ Cries for Help Are Piling Up at a Federal Complaint Center…
The Consumer Financial Protection Bureau (CFPB) is the federal agency that was created under the Dodd-Frank Act of 2010 in response to Wall Street’s harrowing abuses to average Americans in the leadup to the financial crash of 2008…
Two Examinations of U.S. Economic Policy…
Today I am pleased to present a double feature on economic policy. Michael Hudson leads off with an explanation of economic policy as a social cost to the working class, and I follow up with an explanation that US economic policy is an act of national suicide…
The Perfect Storm in Oil Caught Markets Off Guard…
Just a couple of years ago, some of the biggest names in the oil market could have never imagined the current demand and supply situation…
Russia’s New Rules…
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.”…
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)….
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