The Bureau of Labor and Statistics has released the May inflation report [DATA HERE] showing a 1.0% increase in the month of May, bringing the rate of inflation to 8.6 percent. The highest rate of inflation in over 40 years…
Remarkable Admission, Pete Buttigieg Announces Biden Inflation Plan is to Create Increased Dependency State and Apply Socialist Economics, Biden Led Govt to Provide Medicine, Childcare, Housing and Food…
Here is one succinct interview containing the smorgasbord of far-left policies the people behind Joe Biden are proposing as the solution to the inflation crisis they have created. It is remarkable to see it all packed into one 8-minute segment. There is so much crazy in here it would take a week of articles to unpack it…
More Pretending, Treasury Secretary Janet Yellen Pretends She Got It Wrong on Inflation, She Did Not…
Treasury Secretary Janet Yellen has more financial and analytical resources at her fingertips than thousand hedge funds combined. When Secretary Yellen claims today that she “got it wrong” about inflation, what she is doing is continuing the game of pretending; she’s positioning the administration as incompetent, not deliberate…
Inflationary Pressure Is Worse Than They Say…
We are apparently back in the spend-your-way-to-prosperity mode. Last week Wall Street greeted the “strong” April PCE number with a spree of dip-buying, but you have to wonder just how long households can keep reaching into their cookie jars in order to spend what they are not earning…
Ed Dowd Explains the Four Converging Forces That Will Destroy the Economy (VIDEO)…
1.) Deflation of assets
2.) Out of control inflation
3.) Supply chain breakdowns
4.) Green New Deal policies that fail to address pressing issues.
Ed Dowd: “The Fed will say they’re fighting inflation and maybe raise [interest rates] one or two more times, but they’re making a huge policy error, and they can’t raise rates; they’re trapped. And that’s why a new monetary system is coming, and this is all smoke and mirrors, and there’s going to be all sorts of explanations as to why the economy is collapsing.”…
Americans Have Lost $20 Trillion Since the Start of 2022 Americans Have Lost $20 Trillion Since the Start of 2022…
Citing estimates from JPMorgan, over the weekend Bloomberg wrote that courtesy of a Biden administration terrified of what soaring inflation will mean for the Democrats in the midterms, and a Fed that is determine to do anything – even crash the market and spark a recession – to do Joe Biden’s “kill inflation” bidding, the US faces a new scary threat: a plunge in wealth which JPM estimates at least $5 trillion, and could reach $9 trillion by year-end…
The Great Currency Reset and Why Europe Is Trapped…
There’s a lot of news flying around about the changes happening in global currency trading. From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of the divide…
“Highly Attentive” Fed Unleashes Biggest Rate-Hike Since Bursting the Dot-Com Bubble…
Since the last FOMC meeting, the short-term interest-rate (STIR) market has adjusted dramatically more hawkish in its outlook for the rest of the year – now pricing-in 11 more rate-hikes (that includes the expectation of 2x 25bps hikes today). But at the same time, the expectations for subsequent easing from what will inevitably create a recession have barely budged…
Roots of Our Current Inflation: A Deeply Flawed Monetary System…
A monetary system that allows the creation of money out of thin air is vulnerable to the fits of credit expansion and credit contraction. Periods of credit expansion typically occur over many years and even decades while the phases of credit contraction happen like sudden implosions. The monetary policy makers tend to promote the prolongation of credit expansion because they fear deflation…
Biden’s Policies Are Directly to Blame for America’s Soaring Inflation…
Every month since President Biden has been in office, inflation continues to rise…
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