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The CPI Rose Sharply in March Led by Shelter and Gasoline
The CPI Rose Sharply in March Led by Shelter and Gasoline The CPI rose 0.4 percent in March. Rent is up another 0.4 percent in March with gasoline up 1.7 percent. Together, the pair was about half of the total rise. CPI data from the BLS, chart by Mish Yet Another Groundhog Day for Rent […]
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar Global reserve currency status allows for amazing latitude in terms of monetary policy. The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally […]
This Double Whammy Will Unleash Unprecedented Money Printing… or Break the U.S. Economy
This Double Whammy Will Unleash Unprecedented Money Printing… or Break the U.S. Economy Deficits, Deficits, and More Deficits, Unravelling Social Security, Money Printer Going Brrr “A government big enough to give you everything you want is a government big enough to take from you everything you have.” ~ Gerald Ford The Federal Reserve is gearing […]
Israel Warns Iran Of Massive Regional War If Directly Attacked
Israel Warns Iran Of Massive Regional War If Directly Attacked Update(1831ET): With Israel’s embassies around the world on a heightened state of alert, and extra IDF reservists called up, and home and weekend leave for all combat troops having been abruptly canceled Thursday, the Israeli population is anxiously awaiting a response – with some reports saying residents […]
The Second and Final Gilded Age
The Second and Final Gilded Age New data shows that the total wealth of the top 1% of Americans just hit a record $44 trillion. Corporate profits are also hitting record highs, raking in $2.8 trillion in the last three months of 2023 alone. And that’s after taxes. It won’t surprise you to hear, given these massive numbers, […]
A Million Simulations, One Verdict for US Economy: Debt Danger Ahead
A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Bloomberg Economics ran a million forecast simulations on the US debt outlook. 88% of them show borrowing on an unsustainable path. The Congressional Budget Office warned in its latest projections that US federal government debt is on a path from 97% of GDP last […]
Israel just raised the risk of a regional war
Israel just raised the risk of a regional war And US troops may suffer the consequences. Iranian protesters burn US flags during a protest gathering to condemn the Israeli airstrike against the Iranian consulate in Syria, at Palestine Square in Tehran, Iran, on April 1, 2024. Morteza Nikoubazl/NurPhoto via Getty Images Joshua Keating is a senior correspondent […]
From the Recycling Bin to the Landfill: The Major Flaw in Plastic Recycling
From the Recycling Bin to the Landfill: The Major Flaw in Plastic Recycling Reports estimate that less than 6 percent of plastic in the United States is recycled, pointing to the impracticality of recycling on a large scale. People may be putting plastic into recycling bins, but most of it generally ends up in landfills […]
Chris Hedges: The Crucifixion of Julian Assange
Chris Hedges: The Crucifixion of Julian Assange British courts for five years have dragged out Julian Assange’s show trial. He continues to be denied due process as his physical and mental health deteriorates. This is the point. The Crucifixion of Julian Assange – by Mr. Fish Prosecutors representing the United States, whether by design or […]
America’s Minsky Moment Approaches
America’s Minsky Moment Approaches Commentary Named after American economist Hyman Minsky, the idea behind a Minsky moment is that a financial markets crisis (especially in credit markets) is caused by a sudden and systemic collapse in asset prices, usually after a sustained period of speculative investment, excessive borrowing, and widespread financial risk taking. In other […]
Oh Say Can You See?
Oh Say Can You See? “A modern nuc can fit in the trunk of a car. When millions of people can walk across our border with impunity what do you think the chances are we would catch something that size?” — Sam Faddi That’s Sam Faddis, retired CIA (quote didn’t quite fit in block). Who […]
David Stockman on How the US Federal Debt Has Gone Parabolic…
David Stockman on How the US Federal Debt Has Gone Parabolic… The federal debt has been recently increasing by $1 trillion every 100 days. That’s $10 billion per day, $416 million per hour. In fact, Uncle Sam’s debt has risen by $470 billion in the first two months of this year to $34.5 trillion and […]
Rule by Criminals: When Dissidents Become Enemies of the State
Rule by Criminals: When Dissidents Become Enemies of the State “In these days of worldwide confusion, there is a dire need for men and women who will courageously do battle for truth.”— Martin Luther King Jr. When exposing a crime is treated as committing a crime, you are being ruled by criminals. In the current governmental climate, obeying one’s […]
In Texas, the Heat Index Is Rising Faster Than the Temperature
In Texas, the Heat Index Is Rising Faster Than the Temperature A new study of summer weather in Texas finds the heat index — an indicator of how hot it feels outside — is rising much faster than the temperature. The reason, scientists say, is that warming is leading to a rise in humidity. Historically […]
Most Americans Believe US Will Be in World War Within Next Decade
Most Americans Believe US Will Be in World War Within Next Decade The majority of Americans believe it is likely that the US will be involved in a world war during the coming decade. Under President Joe Biden, the US is preparing for great power wars with Russia and China, engaged in multiple Middle East […]
