ECONOMY | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

ECONOMY

Jan 18 11:05

Poll: Americans See Biden Is Doing Nothing To Fight Inflation

A large majority of American voters do not believe President Joe Biden's priorities are in the proper order when it comes to record-setting inflation currently ripping the country; a sinister new poll showed on Sunday.

The agenda items the Progressive President has been focused on, like his $1.75 trillion Build Back Better bill, are only pushing his critics further away, according to the poll from CBS News and YouGov.

Jan 18 11:04

Make Preparations! Canadian Cross Border Trucking Vaxx Mandate Now In Effect, Domestic Trucking Mandate Starts Next Week

It will take a few days to see the consequences, but there will be consequences.

Keep in mind, any impact is taking place in a supply chain system that is already tenuous and unstable at best. A small disruption that may have been minimally significant against a fully operational supply chain, is more likely to be a much bigger disruption in a supply chain that is already under a severe amount of demand side stress. Somewhere in the range of 16,000 to 38,000 daily loads are likely to be impacted.

When questioned about this, Canadian Intergovernmental Affairs Minister Dominic Leblanc says the trucking industry “has had adequate time to prepare for this.” Keep in mind, the mandate was announced 45 days ago (November 30th). According to the Canadian government, changing the structural rules for all the logistics and commerce in cross border shipping, 45 days is enough notice.

Jan 18 10:44

Germany reveals when it will run out of gas

Natural gas reserves in Germany, which has one of the highest underground gas storage capacities in Europe, have fallen to historically low levels compared with previous years.

“According to the consolidated register of gas storage facilities of the European association Gas Infrastructure Europe, Germany’s gas storage facilities are 50.6% full (as of January 11, 2022),” the German Ministry of Economy said in response to a deputy's request as quoted by RIA. “This corresponds to a theoretical working gas availability of 17.7 days,” it added.

This comes as Russian energy giant Gazprom said on Monday it has not booked any capacity to pump gas to Europe through the Yamal pipeline next month. The Yamal-Europe pipeline, which usually delivers Russian gas west into Europe, continued to send it eastward from Germany to Poland for a 28th successive day on Monday, data from German network operator Gascade showed.

Jan 18 09:08

America is lurching from pandemic to major recession, after Biden's massive government spending programs released the inflation Kraken, writes ANDY PUZDER

As we emerge from the pandemic, Joe Biden's economic policy bungling is driving America into a brick wall of malaise and stagflation.

For those of us who lived through it, the comparisons to Jimmy Carter's failed presidency are hard to ignore.

So, why is the Biden administration so determined to ignore both the cause of Carter's economic failure and President Ronald Reagan's very successful formula for reversing it?

Jan 18 08:56

Energy Commodity Prices Increased By 59% In 2021, EIA Reports

The prices of energy, crude and gasoline all increased in 2021 from 2020, the U.S. Energy Information Agency reports. Prices increased because of higher demand and a range of other factors.

By the end of 2021, commodities on the energy index traded 59% higher than they did on the first trading day last year on the S&P Goldman Sachs Commodity Index (GSCI), the EIA reports.

GSCI is a commodity index that tracks the performance of global commodities markets. It’s a weighted average that’s updated every year. In 2021, the energy index comprised 54% of the GSCI, with the two crude oil benchmarks, the West Texas Intermediate (WTI) and Brent, accounting for approximately 70% of the energy index. WTI crude oil accounts for the largest share of the overall GSCI of more than 21%.

Jan 18 08:52

David Hunter: 2022 Market Crash?

Jan 18 08:01

Rumble Announces Investment to Create Independent Payment Processor

Today, the video platform Rumble announced that it has taken a stake in Parallel Economy, a transformative payment processing company. Rumble's investment in Parallel Economy furthers the company's mission to build the rails and independent infrastructure for a digital economy immune from cancel culture.

Founded in 2021, Parallel Economy is creating a financial ecosystem where creators can participate in the marketplace of ideas. Parallel Economy was started by Dan Bongino, the host of a nationally syndicated radio show and cable television news program, and Jeffrey Wernick, an early bitcoin adopter and angel investor.

Jan 18 07:34

China's Property Sector Is Crashing Again And This Time It Has Reached The Country's Biggest Developer

The crisis engulfing China's property sector - which has prompted Beijing to capitulate on its tightening ambitions yet again, and forced China to launch an increasingly more aggressive easing campaign, which so far culminated in the first rate cut in Chinese official rates in almost two years - has impacted the country's biggest developer, sending the shares and bonds of Country Garden Holdings - which is even bigger than Evergrande - plunging amid fears that a reportedly failed fundraising effort may be a harbinger of waning confidence.

Country Garden is one of the few remaining large, (arguably) better-quality private developers that had been largely unscathed by the liquidity crunch, even as peers such as Shimao Group Holdings - a recently investment grade developer whose collapse in December was viewed as "more devastating than debt crises at Evergrande and Kaisa" - dramatic reversals in their credit ratings.

Jan 18 07:27

US Scrambles For 'Contingency Plans' From Energy Firms On Gas Supply Crunch Amid Russia-Ukraine Crisis

Within the past days of ratcheting tit-for-tat accusations, it's also been revealed that the Biden administration is seeking to reassure European partners of 'contingency plans' should a Ukraine-Russia conflict disrupt the transfer of energy supplies to the European Union. Russia is source fpr up to one-third of all of Europe's critical gas supplies.

The Biden White House is still threatening severe sanctions, which also holds the potential for Russia using its energy supplies as a retaliatory weapon. Reuters revealed in its weekend reporting that "State Department officials approached the companies to ask where additional supplies might come from if they were needed, two industry sources familiar with the discussions told Reuters, speaking on condition of anonymity due to the sensitivity of the matter."

Webmaster's Commentary: 

And Biden just reversed Trump's plan to expand oil development in Alaska!

Jan 18 07:21

Union Pacific Bashes LA's Social Justice Reform, Threatens To Leave City Amid Soaring Train Thefts

A top Union Pacific Railroad official threatened to leave Los Angeles over the District Attorney's progressive measures to lower criminal theft offenses amid a wave of criminal gangs looting rail cars.

Adrian Guerrero, Union Pacific's director of public affairs, wrote a letter to LA County District Attorney George Gascón, denouncing the local government's relaxed criminal policies, or rather "well-intentioned social justice goals," as a catalyst for a wave of rail car thefts.

"We find ourselves coming back to the same results with the Los Angeles County criminal justice system. Criminals are caught and arrested, turned over to local authorities for booking, arraigned before local courts, charges are reduced to a misdemeanor or petty offense, and the criminal is released after paying a nominal fine," wrote Guerrero.

Jan 18 06:42

Western governments drop plans to cut Russia off from SWIFT – media

German newspaper Handelsblatt has reported that Western leaders have ruled out the possibility of disconnecting Russia from the global banking interchange SWIFT. However, the US government has contradicted the assertion.

“No option is off the table,” a spokesperson for Washington's National Security Council told reporters on Monday.

The denial comes after Handelsblatt claimed that the US had, in fact, given up on the threat of removing Russia from SWIFT in talks with the German government. If the Society for Worldwide Interbank Financial Telecommunication cuts ties with Russian banks, Germany would have no way of paying Moscow for its natural gas contracts.

It could also unleash a catastrophic rise in oil and food prices.

Jan 18 06:35

U-Haul Literally Ran Out of Trucks Leaving California

U-Haul put out its annual review of interstate moves in 2021, and Texas and Florida were the big inbound winners:

No state netted more U-Haul® customers during the last year than Texas. The Lone Star State earned bragging rights as the leading growth state of 2021, narrowly besting Florida for tops honors, according to transactional data compiled for the annual U-Haul Growth Index. Tennessee ranks third, South Carolina fourth and Arizona fifth among the top growth states. Growth states are calculated by the net gain of one-way U-Haul trucks entering a state versus leaving that state in a calendar year. Migration trends data is compiled from well over 2 million one-way U-Haul truck customer transactions that occur annually.

California, however, bled outbound citizens so badly, it broke U-Haul’s ability to measure — because the company ran out of trucks to rent:

Jan 18 06:35

Vaccine Mandate for Cross Border Trucking Now in Effect, Mandate for Domestic Trucking Begins in a Week, Prepare Your Affairs Accordingly

The cross border vaccine mandate for truckers in/out of Canada is now in effect. The U.S. vaccine mandate takes effect on January 22nd.

It will take a few days to see the consequences, but there will be consequences.

Keep in mind, any impact is taking place in a supply chain system that is already tenuous and unstable at best. A small disruption that may have been minimally significant against a fully operational supply chain, is more likely to be a much bigger disruption in a supply chain that is already under a severe amount of demand side stress. Somewhere in the range of 16,000 to 38,000 daily loads are likely to be impacted.

Jan 18 06:33

Politics Is Dead, Here’s What Killed It

Here's "politics" in America now: come with mega-millions or don't even bother to show up. Choose which "enemies list" you want to be on; there's not much choice. And don't forget to put a flower on the grave of representational democracy. The Federal Reserve transferred trillions of dollars of unearned wealth into the feeding troughs of the super-wealthy and corporations, vastly increasing the wealth the top 0.01% had to buy elections and favors. The Federal Reserve cloaked its treachery with jargon-- quantitative easing, stimulus, etc.--and then stabbed the nation's representational democracy in the back.

Jan 18 01:28

Experts Are Warning That Empty Shelves And Food Shortages Are Going To Continue For Many Weeks To Come

The term “return to normal” is being thrown around a lot these days, but will things ever truly return to the way that they were before the pandemic came along?  I don’t think so.  From an economic standpoint, an extraordinary amount of lasting damage has been done over the past two years.  A seemingly endless list of major problems has thrown thousands upon thousands of critical supply chains into a complete and utter state of chaos, and this has resulted in some very painful shortages.  For quite a while, the mainstream media kept insisting that the shortages would soon be gone, but now they are being forced to admit the truth.  If you can believe it, NPR has even published a major story about the growing shortages in this country…

Jan 18 00:16

Union Pacific takes issue with LA’s soft-on-crime appoach

That’s not likely to help supply chain issues all that much, but it can’t be worse than having so many containers robbed each and every day. -- The problem, as Union Pacific notes, is that when there are arrests made, the charges get dropped down to misdemeanors with just a fine, putting the culprits back out onto the streets so they can rob the railroad yet again. -- Frankly, I don’t blame them for considering how to bypass the city entirely. I sure would.

Jan 17 16:32

White House Denies Report Saying US & EU Rule Out Russia's Disconnection From SWIFT

Earlier, Germany's Handelsblatt newspaper reported, citing German government sources, that Western governments are no longer considering cutting Russian banks off from the SWIFT global payments system.

The White House has denied a report saying that the US and EU have abandoned their plans to disconnect Russia from the SWIFT system as part of restrictive measures that would be imposed if Russia invades Ukraine.

The US does not rule out such a possibility, a spokesperson for the White House National Security Council said, quoted by the presidential pool.

He added that Washington has remained in close contact with its European colleagues concerning possible grave consequences for Russia should it invade Ukraine.

This comes after earlier on Monday, Handelsblatt reported, citing German government sources, that the West was no longer opting for blocking Russia from SWIFT and was mulling economic sanctions against major Russian banks as an alternative.

Jan 17 13:48

Biden’s approval rating bottoms out as vast majority of Americans see democracy “in danger of collapse”

Joe Biden’s presidency continues to collapse, if the steady cratering of his approval ratings is any indication, proving once again that there is no way this basement campaigner garnered ‘the most votes in the history of the country.’ -- According to a new Quinnipiac University survey, Biden’s approval has all but bottomed out at just 33 percent, the lowest of his failed presidency thus far and far below Donald Trump’s real approval ratings at this time in his presidency, while 53 percent of respondents say they disapprove of the job he’s doing (such as it is).

Jan 17 11:28

A Great Opportunity to Restore the Republic

But make no mistake about it: If foreign interventionism generates another such attack, the national-security establishment will seize on it to justify ever-increasing power, money, and influence, just as it did with the 9/11 attacks. -- That’s why the American people should seize the day and use this opportunity to restore our nation’s founding governmental system — a limited-government republic — to our land. They should do so now because the window of opportunity might not be there tomorrow.

Jan 17 10:42

Girlboss: How a 19-Year-Old in a Steve Jobs Turtleneck Snookered America’s Failed Ruling Class

Alongside all the hype and chatter about the January 6 anniversary, there was another worthy news story the first week of 2022. On Monday, January 3, a federal jury in California convicted Theranos founder Elizabeth Holmes on three counts of wire fraud and one of conspiracy to defraud investors. Holmes, six years removed from being the richest self-made woman in the world, now faces as many as twenty years in prison, though she will likely receive less.

While it’s always good to see criminals receive their just desserts, there is another upbeat aspect to the Holmes saga. The conviction of Holmes isn’t just an indictment of her fraudulent business practices. It’s a profound and permanent humiliation for America’s entire incompetent, vacuous leadership caste.

Jan 17 09:16

Watch: Whiney Progressives Who Want Free Stuff Pissed As NY Gov Sides With Landlords

New York's eviction and foreclosure moratorium expired on Saturday, while the Housing Court reportedly has at least 291,000 pending cases that it will start hearing on Tuesday.

New York instituted the eviction moratorium in March 2020 by then-governor Andrew Cuomo and has been regularly extended since, but current Gov. Kathy Hochul has refused to do so.

The critical economic support program was put in place at the onset of the pandemic. Its ending sets the stage for a possible rush by landlords to attempt to oust low-income renters.

Jan 17 09:15

Brace yourself for Impact: Luciferian elite launch ‘Great Collapse’ of Western civilization

You know time is running out on the false reality in which most Americans live when the corporate-owned mainstream media starts to report some of the things that we in the alternative media have been reporting for years.

I’ve been warning since 2018: America is heading toward civil war. For the last six months or so many of us have been warning about the creaky supply chain.

That chain is getting ready to buckle and break like a water pipe in the dead of winter, when frigid air sneaks in from the north.

It usually happens in the middle of the night, while everyone is sleeping in their warm beds. Under the stress of steadily dropping temperatures, the pipe starts to expand. Now compromised, the pipe starts to drip, then suddenly it pops. Water gushes out and into the house.

At that point, you have a big mess on your hands. If only you’d seen the cold weather coming, you would have wrapped your pipes and protected them from the damage.

Jan 17 09:13

US Truckers Issue Devastating Warning To Biden On Unlawful Shot Mandate

The Biden administration’s totalitarian mandates of experimental shots for truckers has led to the American Trucking Association to demand they rescind the unlawful mandate and warns of devastation to the US economy if it remains in place.

Katie Daviscourt at The Post Millennial reports:

The American Trucking Association urged the Biden administration to rescind the mandate and explained that the majority of truckers spend their days alone.

The President of Private Motor Truck Council of Canada warns that the vaccine requirement for truckers crossing the US/Canada border has the potential to result in a devastating economic collapse.

Jan 17 08:17

China Unexpectedly Cuts Key Rate, Adds Liquidity As Economic Growth Slowed, Retail Sales Slump

A busy night started with weakness in US equity futures (Nasdaq down 0.5%) and an unexpected cut in a key China policy rate and a modest addition of liquidity. This was then followed by a mixed bag of China macro with a GDP beat (but slowing growth) but ugly retail sales disappointment. All of which sent the Yuan lower...

As Bloomberg reports, China lowered a key interest rate for the first time since the peak of the pandemic in 2020 as a property-market slump and repeated virus outbreaks dampened the nation’s growth outlook. The People’s Bank of China cut the rate on its one-year policy loans by 10 basis points to 2.85%. That’s the first reduction since April 2020. It also slashed the rate on the seven-day reverse repurchase agreements by the same magnitude to 2.1%.

Jan 17 08:04

New Poll Shows Vast Portion of Americans Not Happy With Biden's Handling of Economy, Inflation

President Biden, who is celebrating a full year in office next week, has faced a number of major crises over the past year, including migrants at the southern border, inflation levels not seen in decades, and new, more transmissible strains of COVID-19.

A majority of Americans believe the Biden administration has not focused enough on the economy and inflation, and 50% say the president's first year in office has left them "frustrated," a fresh CBS/YouGov poll released Sunday showed.

According to the poll, 58% feel the Biden White House has not paid enough attention to the economy, and 65% say the same about the administration's handling of inflation.

Jan 17 08:03

Russia Warns Against Politicization of Nord Stream 2 as Germany Links Project to Ukraine Crisis

Nord Stream 2, the joint Russian-European gas- and hydrogen-carrying pipeline running from Russia to northeastern Germany along the bottom of the Baltic Sea, was completed and made ready for operation late last year. The pipeline's certification is now being held up by German regulators, with Gazprom saying this process may drag on until spring.

The Russian side will comply with all required norms during the certification of Nord Stream 2, and hopes the process is not artificially delayed or politicised, the Russian Foreign Ministry has said.

Jan 17 07:58

Experts Warn the Dollar Days are Over

Jan 17 07:27

Canadian Truckers to Go Full STRIKE January 23 - Store Shelves Will be Empty Until Vax Mandates are gone"

Canadian Truck Drivers have announced a full nationwide strike beginning January 23 and continuing until ALL VACCINE MANDATES are removed. They are openly saying "store shelves will go bare; food will be gone, and it will stay that way until the government removes these vaccine mandates."

There was widespread news earlier this week that the previously announced vaccine mandate for cross-border truckers would take effect January 15.

Just a day or two before that date, the Canadian government announced they would NOT begin the requirement because it would create an instant trucker shortage. Folks were happy and the issue seemed dealt with. Not so! The government turned around and said the mandate WOULD be imposed.

Truckers in Canada are now saying "Starve to death" because we're shutting down all trucking in Canada beginning January 23 and we will not return to work until ALL the mandates are permanently removed.

Jan 17 06:48

Why Is CNN Only Talking About January 6 When Inflation Is Out Of Control?

CNN is trying to hide America's record inflation with reports on developments regarding the Jan. 6 Capitol riot and House Select Committee on the Jan. 6 Attack, according to a study.

Inflation has increased by almost 7% since December 2020, and goods from nearly every industry have seen soars in prices, the Department of Labor said Wednesday, but CNN seems to favor coverage of the Capitol attack over America's economic woes.

According to a Thursday study published by media watchdog NewsBusters, the economy has been overshadowed by a factor of almost 3 to 1 by coverage of the House Jan. 6 committee.

Jan 17 06:40

US Truckers Issue Devastating Warning To Biden On Unlawful Shot Mandate

The American Trucking Association urged the Biden administration to rescind the mandate and explained that the majority of truckers spend their days alone.

The President of Private Motor Truck Council of Canada warns that the vaccine requirement for truckers crossing the US/Canada border has the potential to result in a devastating economic collapse.

An estimated 30,000 truckers that deliver goods and services between the US/Canada border have not yet submitted their vaccination paperwork. Beginning January 15, truckers will be required to show proof of vaccination upon entering Canada. The same mandate for truckers entering the United States from Canada goes into effect on January 22.

When the coronavirus pandemic began nearly two years ago, the Trump administration made land/border crossings essential. However, the Biden administration’s mandate issued by the Department of Homeland Security trumps the former president’s.

Jan 17 04:47

Politics promises an interesting year in store

No, the Left doesn’t want America to recover. They want America to change. But this isn’t Obama’s “Change We Can Believe In” — quite the contrary. It isn’t just Biden’s approval ratings that have tanked, America’s economy is tanking too. That’s according to plan — loyal to Marx and Lenin, the Left wants to destroy America in order to save “democracy.” -- There’s only one problem. There’s an election next November. How are they going to win it?

Jan 16 10:13

Prof Links Rise of Bitcoin and Other Cryptocurrencies to ‘White Nationalism’

Professor links Bitcoin to ‘far right’ nationalists. Expert Peter McCormack discusses why that might be wrong.

Elon University professor Megan Squire recently teamed up with Southern Poverty Law Center spokesman Michael Edison Hayden to publish an article linking the world’s first and largest cryptocurrency, Bitcoin, to the rise of “[W]hite nationalism.”

According to their analysis piece, “White supremacists embraced cryptocurrency early in its development, and in some cases produced million-dollar profits through the technology, reshaping the racist right in radical ways, a Hatewatch analysis found,” the writers’ Dec. 9 article states.

The online analysis piece also contains a graphic, “Bitcoin Bet Pays Off for the Racist Right,” which details the amount of Bitcoin sent and received by prominent figures that identify as “Alt-Right.”

Jan 16 09:47

Bonds Remind Investors How Unsafe They Are

Jan 16 09:36

Germany has lost its economic freedom – Russia

The ongoing saga with the Nord Stream 2 gas pipeline and its long wait for approval and certification shows that Germany has no freedom to pursue its own economic interests, Russia’s foreign minister has claimed.

Speaking to the Russian First Channel on Thursday, Sergey Lavrov suggested that right now Berlin doesn't have economic sovereignty and is at the mercy of third parties.

“About Nord Stream 2, it’s no longer about freedom to choose alliances. It’s just freedom to carry out ordinary commercial activities on world markets,” he said. “It turns out there is no freedom for Germany to pursue its economic interests.”

The controversial Nord Stream 2 natural pas pipeline was completed in September but is yet to be certified. Approval of the project, which could have come this month, was suspended in mid-November by the German Federal Network Agency over a regulatory issue.

Jan 16 08:20

20 foods that will last forever in your Prepper Pantry/food shortages GET READY NOW

Hello, today we have 20 plus foods that will last forever in your prepper pantry, IF THEY ARE SEALED PROPERLY! With shortages on the rise, we have been searching for all the items that will last forever if we package then correctly and this is our list so far. I am sure there are more items that will last and as we find them, we will share them with you! We hope you are all continuing to stock up! Winter will be here before we know it and we need to be ready.

Jan 16 07:00

How to prepare for possible food shortages

If you have been paying attention, you likely know already that if lockdown measures and border restrictions continue, shortages of products will be inevitable.

Given the facts that employees are constantly sent home to “quarantine” when they aren’t sick and border crossings are often bunged up due to red tape ostensibly needed to “slow the spread,” it was only a matter of time before commerce would reach a bottleneck scenario.

It seems as if that bottleneck is fast approaching, and it is likely that we will all start to see the effects in our lives in some way. The recent news about vaccine mandates for truckers is the most alarming.

Jan 16 06:48

Lee Camp: The silver bullet to ending poverty that we choose to ignore

Here’s how the world should operate in simple terms: A certain country or region or city or township or Hobbit hole tries something in order to help their society or group or hovel – if it works, other places then do it. If it doesn’t work, other places don’t do it. It’s like when you were a kid and you saw your brother slide down the banister and rack himself on the newel post – You then thought, “Maybe that activity is not for me.” But if he didn’t nail himself in the jewels, you probably thought, “I think I’ll try that.”

That’s how the United States government should work, but it doesn’t. For-profit healthcare, corporate personhood, the drug war, funding terrorists overseas that we call “moderate rebels,” etc. – all of these things have been tried, they fu***n’ suck every time, and we keep doing them. The U.S. continually racks itself on the newel post all day long and then responds, “I think I’ll try that again.”

Jan 16 06:35

The Great Omicron Sickout: Millions Of Unwell Americans Causing "Hellacious" Worker Shortages

Record spikes in Covid-19 Omicron cases across the country are causing a nationwide worker "sickout," as businesses from airlines to grocery stores are suffering from disruptions, even though the new variant is markedly far less severe - yet far more transmissible - than prior strains.

According to Delta Airlines CEO Ed Bastian, the past few weeks have been "hellacious," adding that around 10% of his workforce, or 8,000 of his employees, have contracted the virus in the past month. The shortages contributed to over 2,200 canceled Delta flights since December 24.

Jan 16 06:33

HOW PRIVATE CONTRACTORS DISGUISE THE REAL COSTS OF WAR

It’s well known that waste, fraud, and abuse were widespread among contractors working for the US government in Iraq and Afghanistan, but the negative consequences of the heavy reliance on contractors to help wage wars go well beyond that to the question of whether and how the United States wages war.

Jan 16 06:20

Hundreds of thousands of NYC tenants face eviction as state's pandemic-era moratorium ended last night: Housing Court has 291,000 pending cases that can begin Tuesday

New York let its eviction and foreclosure moratorium expire on Saturday, and the Housing Court reportedly has at least 291,000 pending cases that it will start hearing on Tuesday.

New York instituted the eviction moratorium in March 2020 by then-governor Andrew Cuomo and has been regularly extended since, but current Gov. Kathy Hochul has declined to do.

The critical economic support program was put in place at the start of the pandemic. Its ending sets the stage for a possible rush by landlords to try to oust low-income renters.

Jan 16 06:17

GOP Rep. Gallagher: Russia Engaging in ‘Preparation’ for Invasion of Ukraine and Dems Gave Them a ‘Gift’ by Blocking Sanctions

On Friday’s “Hugh Hewitt Show,” Rep. Mike Gallagher (R-WI) said that he thinks the cyberattack in Ukraine “portends an invasion. I would call this preparation of the battlespace right now.” And argued that Democrats gave Russia “a gift” by blocking sanctions on the Nord Stream 2 pipeline and the Biden administration’s belief that threatening sanctions after an invasion will provide deterrence is wrong.

Gallagher said, “I think it portends an invasion. I would call this preparation of the battlespace right now. And I also — we’ve heard reports out there that Jake Sullivan has said the intel. community has information which suggests Russia is laying the groundwork to fabricate a pretext for invading Ukraine.”

Jan 16 01:04

Train Derails in Garbage-Strewn Area Trashed by Looters in Los Angeles

Video out of Lincoln Heights on Saturday captured a Union Pacific train getting derailed in the section trashed by looters who stole thousands of packages and left the garbage all over the tracks.

Jan 15 09:21

“Don’t Fight The Fed”

Jan 15 09:01

JOE BLOW: EPIC LOSING STREAK…

In the two months since signing the $1 trillion infrastructure bill into law, President Biden has by almost every measure bombed big time on the things that matter most. -- The big picture: Biden, who marks one year in office next Thursday, has never been less popular nationally, after personally lobbying his party and the public on Build Back Better and voting rights — and failing.

Jan 15 08:26

This one-two punch from China and Russia marks the end of American adventurism

Damascus officially joined China’s Belt and Road Initiative (BRI) on Wednesday, which will provide a massive lifeline to the country that has been torn to shreds after more than a decade of war and Western sanctions. But more than this, this development has set a precedent that will fundamentally change the geopolitical landscape.

This is because the decade-spanning Syrian conflict has hosted several proxy conflicts, which has invariably left the United States and its Western allies the losers.

Blinken’s blinkered vision of RussiaREAD MORE: Blinken’s blinkered vision of Russia
For starters, while the conflict itself was, at least initially, part of the Arab Spring in the early 2010s, numerous sources (including U.S. government sources published by WikiLeaks) suggest that the United States had been seeking regime change in Syria long before then. There are also countless reports by very good journalists, including on RT, that have dug up these connections.

Jan 15 08:24

US, China step up race for rare-earth dominance

A bipartisan piece of legislation to be introduced in the US Senate on Friday would force defense contractors to stop buying rare earth minerals from China by 2026, Reuters reports.

The bill will also require the use of the Pentagon to create a permanent stockpile of the strategic minerals. It essentially uses the Pentagon’s purchase of billions of dollars-worth of fighter jets, missiles and other weapons as leverage to require contractors to stop using Chinese rare earths and thus support revival of domestic output. Waivers are allowed only in rare situations.

Rare-earth metals – a group of 17 elements that are critical for a wide range of industries from consumer electronics to military hardware – have long been at the center of the US-China trade war. The US used to be the world’s number-one producer of those minerals, but is now heavily dependent on Chinese exports.

Jan 15 08:16

The Double Helix Of Entwined Pandemic And Economic Strategy

Three years ago, I said to an American Professor from the US Army War College in Washington, in respect to the campaign to return American lost Blue Collar jobs to Asia, that these jobs would never return. They were gone for good.

He retorted that that was precisely so, but I was missing the point, he said. America did not expect, or want, the majority of those humdrum manufacturing jobs back.

They should stay in Asia.

The Élites, he said, wanted only the commanding heights of Tech. They wanted the intellectual property, the protocols, the metrics, the regulatory framework that would allow America to define and expand across the next two decades of global technological evolution.

The real dilemma however, he said was:

“What is to be done with the 20% of the American workforce that would be no longer needed: that was no longer necessary to the functioning of a tech-led US economy?”

Jan 15 08:15

How Central Planners Corrupted The World

The impossible happened in the late-1970s. Inflation and unemployment simultaneously went vertical. Leading economists were baffled. This contradicted their academic training.

The Phillips curve said there’s an inverse relationship between inflation and unemployment. When unemployment goes down, inflation goes up. Conversely, when unemployment goes up, inflation goes down.

Economist William Phillips first sketched his curve using wage rates and unemployment data in the UK in the years 1861 to 1957. The depiction of explicable order was impressive. And it provided an economic model central planners could use to somehow optimize inflation and unemployment rates through economic intervention.

How could it be, in the late-1970s, that both inflation and unemployment went up in tandem? According to the Phillips curve they were mutually exclusive.

Jan 15 07:45

The $ARKK continues to take on water....

Jan 15 07:40

Looters Target Cargo Trains, Steal Packages And Leave Garbage Strewn All Over The Tracks in Los Angeles

The DOJ under Attorney General Merrick Garland by their own count has 94 U.S. Attorneys' Offices chasing the non-existent threat of "white extremists" as their highest priority while crime is exploding, flash looting is going wild and homicides are at record levels in most major cities!

Jan 15 07:28

Democrats Use Dreaded Filibuster to Block Ted Cruz Bill Sanctioning Russia’s Nord Stream 2 Pipeline

Democrats used the Senate filibuster, which they are busy trying to eliminate, to block a bill by Sen. Ted Cruz (R-TX) on Thursday that would have sanctioned companies associated with Russia’s Nord Stream 2 pipeline. The bill had 55 votes.

The filibuster requires 60 votes to end debate and move to a final vote, which meant that despite the 55-44 margin, and the votes of five Democrats in favor, the bill could not advance — a win for President Joe Biden’s approach to talks with Russia.

The Biden administration allowed the Nord Stream 2 pipeline to proceed last year — after shutting down the Keystone XL pipeline project in the U.S. to appease environmentalists — saying that the project was too close to completion to reverse.

President Donald Trump had sought to block Nord Stream 2 because it would have made Europe more dependent on Russia’s natural gas, increasing President Vladimir Putin’s leverage in the west and his ability to circumvent pipelines in Ukraine.

Webmaster's Commentary: 

Ah, the hypocrisy!

Jan 15 07:27

Gavin Newsom Proposes Billions for Doomed California High-Speed Rail

California Gov. Gavin Newsom has proposed spending billions to continue building the California High-speed Rail Project to connect rural areas in the Central Valley.

In a statement Thursday on his “California Blueprint” for a”clean infrastructure” in the state, Newsom declared:

Jan 15 07:25

China blasts US sanctions on Iran with launch of strategic partnership

China has reaffirmed its opposition to unilateral sanctions by the United States against Iran as the Chinese and Iranian foreign ministers announced the launch of a 25-year cooperation agreement aimed at strengthening economic and political ties.

Chinese Foreign Minister Wang Yi met his Iranian counterpart Hossein Amir-Abdollahian in the city of Wuxi, in Jiangsu province on Friday, with a summary of the meeting posted on China's foreign ministry website on Saturday.

Wang, who is also State Councilor, said the US bears primary responsibility for the ongoing difficulties with Iran, having unilaterally withdrawn from a 2015 nuclear deal.

The United States reimposed the sanctions that the agreement had removed and slapped new bans under different labels.

Wang said China firmly opposes unilateral sanctions against Iran, political manipulation through topics including human rights, and interference in the internal affairs of Iran and other regional countries.

Jan 15 07:01

Situation with Nord Stream 2 reveals Germany's lack of economic freedom — Lavrov

The situation with Nord Stream 2 shows that Germany does not have the freedom to pursue its own economic interests, Russian Foreign Minister Sergey Lavrov told Channel One Russia on Thursday.

"As for Nord Stream 2, it’s no longer about the freedom to choose alliances, it’s simply about the freedom to carry out ordinary commercial activities on world markets. It turns out that Germany does not have any freedom to pursue its own economic interests. That’s where they, double standards, are most striking," he said.

Jan 15 06:52

Union Warns That Vaccine Mandates Taking Their Toll On Trucking Industry

The President of the Private Motor Truck Council of Canada cautions that the vaccine requirement for truckers crossing the U.S./Canada border could result in a devastating economic failure.

An estimated 30,000 truckers that deliver goods and services between the U.S./Canada border have not yet presented their vaccination paperwork. Starting January 15, truckers will be demanded to present proof of vaccination upon entering Canada. The same mandate for truckers entering the United States from Canada goes into effect on January 22.

Jan 14 20:24

Grocery shortages deepen as pandemic dries supplies… (article deflects the incompetence of the Biden regime though)

High demand for groceries combined with soaring freight costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce companies, leading to empty supermarket shelves at major retailers across the United States.

Jan 14 19:04

Should You Move While You Can, Or When You Must?

Knowing this, I don’t ask this question lightly: Should You Move While You Can, Or When You Must? The question is consequential because the window in which we still have options can slam shut with little warning. -- The origin of the question will be visible to those who have read my blog posts in 2021 on systemic fragility, our dependence on long, brittle supply chains, the vulnerabilities created by these dependencies and my polite (I hope) suggestions to fashion not just a Plan B for temporary disruptions but a Plan C for permanent disruptions.

Jan 14 14:52

Goodbye 'godsend': Expiration of child tax credits hits home

For the first time in half a year, families on Friday are going without a monthly deposit from the child tax credit — a program that was intended to be part of President Joe Biden’s legacy but has emerged instead as a flash point over who is worthy of government support.

Retiree Andy Roberts, from St. Albans, West Virginia, relied on the checks to help raise his two young grandchildren, whom he and his wife adopted because the birth parents are recovering from drug addiction.

The Robertses are now out $550 a month. That money helped pay for Girl Scouts, ballet and acting lessons and kids’ shoes, which Roberts noted are more expensive than adult shoes. The tax credit, he said, was a “godsend.”

Jan 14 13:51

Bets against Beyond Meat have made the plant-based food company the most shorted stock on the Russell 1000 Index

Bearish bets against Beyond Meat stock are piling up, with famed short-seller Jim Chanos also reportedly joining in.

According to the latest data from financial analytics firm S3 Partners, short interest in the plant-based food company is now about 37% of available shares, or $1.38 billion. That up from 26% in early October, and it means Beyond Meat is the most shorted company on the Russell 1000 Index, according to Bloomberg.

Betting against the company was a profitable position last year, considering short sellers made $735 million in profits, Ihor Dusaniwsky of S3 Partners told Insider in an email. In the new year though, short sellers so far have lost $126 million as Beyond Meat stock has rallied 10%.

Jan 14 11:07

The Fed Has Triggered A Stagflationary Disaster That Will Hit Hard This Year

I don’t think I can overstate the danger that the U.S. economy is in right now as we enter 2022. While most people are caught up in the ongoing drama of Covid-19, a REAL threat looms over the nation in the form of a stagflationary tidal wave. The mainstream media is attempting to place the blame on “supply chain disruptions,” but this is a misrepresentation of the issue.

Jan 14 11:04

Universities Received Millions in COVID Relief; Some are Still Imposing Delays, Remote Instruction

By Peter Cordi

Campus Reform revisited the money universities received in 2020 through the CARES Act.

This legislation gave universities billions to help students directly and make campuses better equipped for the pandemic.

In 2020, the federal government gave American colleges and universities approximately $14 billion in relief through the CARES Act. As part of the $2.2 trillion COVID-19 stimulus package, the CARES Act allocation mandated that approximately half its funds be used for emergency student aid.

Now, nearly two years after President Donald Trump signed the CARES Act in March 2020, numerous institutions that received aid are delaying in-person learning due to the Omicron variant...

Jan 14 08:34

New York, California, and Illinois Saw Historic Population Drops in 2021

By Peter Jacobsen

Last week, the US Census Bureau released its “New Vintage 2021 Population Estimates” for the United States and surrounding territories. I’m always especially interested in net domestic immigration numbers, which reveal whether people are coming to a state or leaving it. These numbers are interesting because, taken as a whole, net migration patterns likely reveal changing preferences for different states.

Jan 14 08:17

It'll go up higher. Don't worry.

Jan 14 08:14

It’s time to take out your money from the bank! Vaccine mandates ban the unvaxxed from visiting banks in multiple countries – Next is ITALY

And it begins. Restricting access to the non compliers. Have a jab & you can have your money. But remember, this is all about health, nothing else but just health.

Italy’s latest covid restrictions came into force on Monday January 10, 2022, with the government once again expanding the scope of the Super Green Pass, the digital certificate which can only be obtained by those who are vaccinated or have recovered from covid-19.

From January 20th, the basic Green Pass will be needed to access hairdressers and beauticians, while from February 1st (not January 20th as shown in the Tweet below), it will be required to enter banks, post offices, non-essential shops and shopping malls.

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