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It Has Been 7% Inflation Since 1996
It Has Been 7% Inflation Since 1996 And so finally, now fiat $USD financial authorities are being forced to admit we have at a minimum 7% price inflation annualized. The issue, as per usual, is the real value loss truth is like twice that amount in terms of real purchasing power disappearances over the last twelve months. To […]
Labor Shortage And Surging Shipping Costs Are Biggest Drivers Of US Food Inflation
Labor Shortage And Surging Shipping Costs Are Biggest Drivers Of US Food Inflation Setting aside the ever-present issue of the global supply chain crunch presently gestating in the PROC, where factories and ports are struggling with the most restrictive lockdown measures since the (Fauci-funded) “China virus” first burst forth out of Wuhan, the US is still facing […]
China Set To Release Crude From Strategic Reserve In Early February
China Set To Release Crude From Strategic Reserve In Early February China has agreed with the United States to release crude from its SPR around the Lunar New Year holiday on February 1 The volume of the release may depend on actual crude prices China has agreed with the United States to release crude from […]
Supermarkets Slash Hours As Workers Call Out Sick; Store Shelves Remain Bare
Supermarkets Slash Hours As Workers Call Out Sick; Store Shelves Remain Bare Labor shortages at supermarkets across the country have increased in recent weeks as the COVID-19 omicron variant continues to spread. Workers are calling sick, and there are not enough cashiers, baggers, and stockers, forcing some supermarket chains to slash hours of operations. Compounding […]
The Fed Just Guaranteed a Stagflation Crisis in 2022 – Here’s How
The Fed Just Guaranteed a Stagflation Crisis in 2022 – Here’s How Chair Powell leads a two day meeting of the Federal Open Market Committee (FOMC) held January 29-30th, 2019. Public domain photo courtesy of the Federal Reserve I don’t think I can overstate the danger that the U.S. economy is in right now as we enter […]
Peter Schiff: The Inflation Freight Train
Peter Schiff: The Inflation Freight Train December Consumer Price Index data came out on Wednesday (Jan. 12). Month-on-month, it was again even hotter than expected. Peter called it an inflationary freight train that the Fed’s “field of dreams” monetary policy will not stop. “Transitory” inflation has now been running hot for a full year. The […]
Oil Producers Aren’t Keeping Up With Demand, Causing Prices to Stay High
Oil Producers Aren’t Keeping Up With Demand, Causing Prices to Stay High OPEC Plus, the United States and others have been slow to ramp up output, lagging production goals. An oil refinery in Port Arthur, Texas. Lagging production of oil worldwide has been sending prices to seven-year highs and driving inflation.Credit…Brandon Thibodeaux for The New […]
Global Economy Heading For “Mother Of All” Supply Chain Shocks As China Locks Down Ports
Global Economy Heading For “Mother Of All” Supply Chain Shocks As China Locks Down Ports Over the past month, as Wall Street turned increasingly optimistic on US growth alongside the Fed, with consensus (shaped by the Fed’s leaks and jawboning) now virtually certain of a March rate hike, we have been repeatedly warning that after […]
No Bubble Here, Folks!
No Bubble Here, Folks! Anyone see a bubble anywhere? This is short and sweet because the picture says it all: We’ve just seen the fastest, highest rocket ride in stocks in the history of the world! Because that makes sense during a time of global plague and global economic lockdowns, creating extreme labor shortages, resulting […]
Coming Market Madness Could Take 70 Years to Recover
COMING MARKET MADNESS COULD TAKE 70 YEARS TO RECOVER Cervantes famous classic novel Don Quixote can in simple terms be described as a fight for liberty and freedom against oppression and against the state. This book is from 1605 and considered to be one of the best books ever written. In the midst of market […]
Ending Fiat Money Won’t Destroy the State
Ending Fiat Money Won’t Destroy the State A certain meme has become popular among advocates of both gold and cryptocurrencies. This is the “Fix the money, fix the world” meme. This slogan is based on the idea that by switching to some commodity money—be it crypto or metal—and abandoning fiat currency, the world will improve […]
Forecast 2022 — Dumpster Fire Blazing on the Frontier of a Dark Age
Forecast 2022 — Dumpster Fire Blazing on the Frontier of a Dark Age If 2021 was the year of maximum corruption, political decadence, and mind-fuckery in US history, 2022 is looking like a convulsive snap-back to the harrowing rigors of reality, spiked with shocking losses, reckonings, and not a little retribution for the rogues and […]
US Consumer Prices Soar At Fastest In 39 Years, Real Wages Tumble For 9th Straight Month
US Consumer Prices Soar At Fastest In 39 Years, Real Wages Tumble For 9th Straight Month Consensus was convinced – with barely any outliers – that this morning’s consumer price index would print with an astonishing 7.0% YoY (and notably 7 of the last 9 releases have come in above consensus) and they nailed it […]
Peter Schiff: The Fed Can’t Do What It’s Saying It Will Do
Peter Schiff: The Fed Can’t Do What It’s Saying It Will Do The Fed FOMC minutes came out last week, signaling tighter monetary policy. Peter Schiff talked about the minutes in his podcast, arguing that the Fed can’t do what it says it’s going to do. If it does, it will crash the markets and the economy. […]
