ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Jul 08 11:42

Letting filthy private jets go tax-free shows how the EU prioritises the mega-rich over the masses

Despite being hugely damaging for the environment, private planes operated by millionaires are to be given carbon tax exemption by hypocritical bureaucrats who tirelessly push a green agenda. It’s Brussels hypocrisy at its finest.

Before many seriously thought about Brexit, and before Boris Johnson and the Leave brigade had even dared hope for a referendum on quitting the European Union, the party that went on to cause a political earthquake by winning the 2014 European elections came up with a brilliant campaign billboard that resonated across the country.

The large poster from the outliers at UKIP juxtaposed two images: one of a miserable and crowded commute on a bus and the other of a Brussels bureaucrat sitting comfortably in the back of a chauffeur-driven limousine, smug smile plastered across his face and the flags adorning the facade of the European Commission’s headquarters visible through the rear window.

Jul 08 11:26

The Economic Collapse Is AGAIN Accelerating!

Jul 08 08:44

Federal eviction moratorium extended until July 31, what's next? How did we get here?

Saved for another month, thousands of families have more time before the CDC's federal eviction moratorium expires July 31.

This came after the White House extended the previous moratorium which was set to expire June 30.

However, this extension is intended to be the last one.

According to the Florida Office of State Courts, as of March 2020 more than 100,000 evictions have been filed across the state.

Daniel Rollins was one of those plaintiffs in Palm Beach County who faced an eviction complaint in early 2021.

He said at the time, he was afraid to think of what would happen to him and his four-legged best friends, Rocky & Rambo, if he was out on the street.

Jul 08 06:21

Condo and Currency Collapse

Jul 07 15:18

America plunging into “Venezuela meets Truman Show” as the collapse and gaslighting accelerate

Much like Venezuela, the United States of America is now experiencing: Rigged elections and rule by lawless tyrants. -- The collapse of the economy due to endless money printing and government corruption. -- Authoritarian rule by corrupt government, complete with upcoming gun confiscations and forced “door-to-door” vaccinations. -- Skyrocketing rates of crime and violence in the streets. -- Worsening censorship and the banning / criminalization of dissenting views. -- The pushing of race wars and anti-white rhetoric by military leaders and deep state operations, all of whom seem poised to declare war on white America.

Jul 07 14:00

The Backward K and Coming Earnings Surprises

Jul 07 12:50

Retail Sales in Italy are struggling again

Jul 07 12:27

In Many Cities In America, The Criminals Are Starting To Gain Firm Control Of The Streets

If things are this bad now while the U.S. economy is in “recovery mode”, how bad will conditions get when the next severe downturn comes along? -- It is heartbreaking to watch our society come apart at the seams all around us, and I have a feeling that what we have witnessed so far is just the beginning.

Jul 07 12:14

5 Specific Reasons Why You Should Stockpile Food Right Now

A number of factors are going to combine to push prices significantly higher, and so if you can afford to stock up you should be doing so. -- Our leaders continue to insist that this bout of inflation is just “transitory”, and you can believe them if you like. -- But the truth is that high inflation is here to stay, and what we have experienced so far is just the tip of the iceberg.

Jul 07 11:58

Gold, Silver And Basel Three: A Glimpse Of The Future

By Dave Kanzler

Basel Three is not what most analysts believe it to be. Over time it may remove the fraudulent paper derivative and unallocated “gold” mechanisms in NYC and London. But for what purpose? Cui bono? Chris Marcus hosted myself, Rob Kientz and Chris Marchese last week to discuss our views on the precious metals sector and Basel Three. The must-listen portion is the segment in which Rob lays out the plan for Basel Three.

I am certain he is correct because I came to same conclusion as Rob but I was missing some pieces. Rob provides those missing pieces – at least for me. Basel Three is part of a broad plan by the Central Banks to take complete control of the global monetary system and, along with that, the various political systems. It’s not a coincidence that a former Fed Chairman – Janet Yellen – was inserted to be the Treasury Secretary, thereby completely smashing the separation of power between the Fed and the Government.

Jul 07 09:55

You're not the only one who's had enough — 95 percent of workers are considering quitting, report says

After more than a year of grinding stress, America’s workers have had enough — and it could be a big headache for employers.

A new poll from job platform Monster.com found that 95 percent of workers are thinking about finding a new job, and 92 percent would consider switching industries for a new position. The top culprit, pollsters found, was burnout. Cited by 32 percent of respondents, it was the most common reason people gave for wanting to throw in the towel on their current job.

“Burnout is especially common right now,” said Vicki Salemi, career expert at Monster.

Jul 07 08:54

Russia’s sovereign wealth fund cuts US dollar reserves to ZERO

Russia has eliminated US currency from its National Wealth Fund while boosting the share of the euro, the Chinese yuan and gold, the country’s Finance Ministry announced on Tuesday.

The proportion of US dollars in the fund was reduced from 35% to zero, while the share of the British pound was lowered to 5%. The shares of the euro and the Chinese yuan were increased to 39.7% and to 30.4%, respectively. The share of the Japanese yen stands at 4.7% and the share of non-cash gold is 20.2%, the official statement by the Finance Ministry reads.

Jul 07 07:27

America stockpiles: Supermarkets buy up to 25% more supplies as they predict inflation will soar and cost of essentials like bacon and milk rising by up to 14%

Supermarkets have started stockpiling food as inflation rises to its highest level in 13 years and they predict it will get worse.

Retailers are currently buying up to 25 percent more supplies than usual ahead of the predicted rise.

Recent data from the US Department of Agriculture revealed the consumer price index for grocery store and supermarket food purchases was up 0.7 percent in May compared to May of last year.

Jul 07 06:55

The Blind Leading the Clueless

Jul 07 06:55

Is The Retail Investor Rampage Over?

Jul 07 06:29

Biden's Policies Pushing The Wealthy Out Of The Country

The wealthiest American earners could pay $1.5 million more in taxes, shows a new analysis based on if Congress passes Joe Biden’s recommended tax hikes to pay for his so-called ‘human infrastructure’ plan.

The nonpartisan Urban-Brookings Tax Policy Center discovered that the top 0.1 percent of Americans – those who make $3.6 million or more – would pay an added $1.56 million each in federal taxes each year on top of the taxes they already pay.

Jul 07 06:00

Oil Prices Hammered After OPEC+ Talks Fail

Oil prices briefly spiked Tuesday before sinking after the latest talks by OPEC+ crude producers fell apart as global equity markets mostly retreated.

US oil futures approached a seven-year peak after the talks between the 23 members of the petroleum producers group were called off, an OPEC statement said, ending negotiations on a proposal to boost crude supply.

But investors quickly shifted course, selling off both Brent and West Texas Intermediate futures contracts, as investors fixated on a possible disintegration of any effort to rein in supply.

"There is capacity to produce more oil, much more in fact, and the market expects that logic will soon prevail," said Rystad Energy analyst Louise Dickson.

Jul 06 19:18

Boris Johnson's green drive to make UK carbon emissions net zero could add astonishing £469BILLION to national debt, warns OBR economic watchdog

The Office for Budget Responsibility (OBR) laid out the astonishing figure in a chilling report highlighting the dangers the country faces as it emerges from the 'largest peacetime economic and fiscal shock in three centuries'.

Jul 06 10:07

Bitcoin “HOT TUB”?? New York power plant FURY as mining hub powered by 8,000 computers - and more could be coming…

Bitcoin “HOT TUB”?? New York power plant FURY as mining hub powered by 8,000 computers - and more could be coming…

Residents near Seneca Lake in New York were RAGING outside environmental offices over at a power plant used to power a massive Bitcoin mining operation that pumps 135MN gallons PER DAY back into the lake after cooling the computers.

NY State has a target of reducing carbon emissions by 40% by 2030, but a former EPA regional admin claimed “the state will not reach that goal” if the Greenidge Bitcoin mining operation continues.”

Jul 06 09:09

Iceland ran the world's largest trial of a shorter work week. The results will (not) shock you.

From 2015 to 2019, Iceland ran the world's largest trial of a shorter working week. An analysis of the results was finally published this week, and surprise! Everyone was happier, healthier, and more productive. Please pretend to be surprised.

Jul 06 09:06

Keystone XL Pipeline Developer Seeks $15 Billion in Damages From US

Energy company TC Energy has said it’s seeking $15 billion in damages from the United States government over President Joe Biden’s decision to cancel the Keystone XL pipeline project.

Jul 06 08:51

Bullish News For Oil Prices In the Last Week

Jul 06 08:22

China makes its move on Afghanistan: Beijing prepares to fill the vacuum left by Biden's premature military exit from the nation with $62B investment plan for its 'Belt and Road' program

While American troops were leaving their main military base in Afghanistan on Friday, China was already preparing to enter the war-torn country to fill the vacuum left by U.S. and NATO troops.

Authorities in Kabul are considering extending a $62 billion China-Pakistan Economic Corridor (CPEC) as part of China's Belt and Road Initiative (BRI).

First launched in 2013 by Chinese president Xi Jinping, and written into the Chinese constitution in 2017, it is billed by Beijing officials as a global infrastructure development fund which aims to better connect China to the rest of the world.

Jul 06 07:39

The New Inquisition

Jul 06 06:00

One For The History Books: A New Control Regime In Oil

You have to give pause when you think that the only news in markets that mattered today is OPEC+ and what the next move is by them. We live in a world with growing demand, shrinking supply. ESG matters, climate change, inflation, Iran, etc, mean nothing today in the global crude market. All people want to know is what OPEC+ is going to do next. So clearly IT is an important issue for the market before we tackle anything else.

The sticking point in the talks – the UAE (United Arab Emirates) want a higher baseline after large-scale CAPEX investments in recent years’ production capacity and wants to boost production by 700mbd. On the other hand, the Saudis do not want to offend the Russians and other players by adjusting the UAE baseline.

Jul 06 05:24

Crisis, Crash, Collapse

Jul 06 05:10

The Inflation vs Deflation Debate

Jul 06 04:20

Neiman Marcus, Staunch Supporter of Black Lives Matter, Looted in San Francisco

Victims of systemic oppression were filmed taking food for their families (hidden in expensive handbags) out of Neiman Marcus during a flash looting on Monday evening in San Francisco.

The oppressed peoples, who clearly live in constant fear that they could be killed by racist white police at any moment for any reason over the most minor of slights, could be seen making their getaway in what appeared to be three nice, newer-model sedans.

Jul 05 06:15

Stockman: No, We Weren't All Born Yesterday

Jul 04 19:27

300 Italian Health Workers Challenge Vaccine Obligation

By AFP – Agence France Presse

Three hundred healthcare workers in Italy have lodged a legal challenge against the requirement that they get vaccinated against coronavirus, according to media reports Saturday.

The case, brought by professionals throughout northern Italy, will be heard on July 14.

“This isn’t a battle by anti-vaxxers but a democratic battle,” constitutional lawyer Daniele Granara, who helped build up the case, was cited as saying in the Giornale di Brescia newspaper...

Jul 04 09:37

Junk Is As Good As Gold

Jul 04 09:37

Gold & Basel III’s Trillion-Dollar Question

Jul 03 17:06

Unrealistic Stock Return Expectations

Jul 03 09:34

Here Are the 10 Best (and Worst) Cities Ranked By Economic Recovery

By Brad Polumbo

When the COVID-19 outbreak began and governments started imposing economic lockdowns, most parts of the country experienced huge upticks in unemployment. But how have different cities fared in the year since? A new report from WalletHub offers some insight...

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