In the dead-woke world of the Presidential Reality Show®, where the President takes the stage to brag about strong GDP growth and rising wages for the plantation workers of Slavelandia, the average U.S. household is laying out an extra $276 a month to cover the rise in prices over the past year, according to a...
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JANUARY INFLATION WORST IN 40 YEARS
Inflation ran at 7.5 percent in January, year over year, its fastest pace since February 1982, topping December’s 7-percent rate. Used-car prices soared 40 percent year on year; the cost of energy climbed 29 percent. Overall food costs shot up 7 percent, their sharpest annual gain since 1981, with grocery prices rising 7.4 percent and...
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INTEREST RATE HIKES COMING, THE WORST IS YET TO COME
January’s 7.5-percent inflation pace all but guarantees that the U.S. Federal Reserve will raise its key interest rate next month from the 0.25 percent where the Fed has held it since March 2020. The remaining variable is the size of the rate hike. Traditionally, the Fed raises its rate by a quarter of a percentage...
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S&P STOCK PRICES SAGGED TO THEIR LOWEST IN ALMOST TWO YEARS
The Standard & Poor’s 500 stock index traded in late January as low as 19.3 times expected earnings over the next 12 months, its first dip below 20 since April 2020, according to data service FactSet. The index entered 2022 at a 21.5 multiple and still remains above the five-year average of 18.9. As of...
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FRANCE GOING NUKE TO COUNTER CLIMATE CHANGE
France announced plans to develop up to 14 nuclear reactors to counter climate change. French President Emmanuel Macron announced Thursday that the country would develop at least six reactors and possibly eight more after those are completed. “Given the electricity needs, the need to also anticipate the transition and the end of the existing fleet,...
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KILLING THE BILL OF RIGHTS
By Philip Giraldi In 2005, President George W. Bush allegedly addressed a meeting of Republicans discussing whether to renew the Patriot Act due to its possible unconstitutionality by angrily blurting out that the Constitution was “just a goddamned piece of paper!” If the story is true, it partly explains the numerous crimes committed by Bush...
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BLOCKCHAIN BATTLES
NY BITLICENSE IS DRIVING CRYPTO INNOVATION AWAY. It’s no secret that New York currently has the worst regulatory atmosphere for cryptos of any state in the union. This past week influential investor Bill Ackman took to Twitter to implore NYC Mayor Eric Adams and Governor Kathy Hochul to try to do something about it. Ackman...
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BINANCE BUYING BETTER PRESS WITH FORBES MAGAZINE?
Binance, the international crypto exchange, plans to invest $200 million in Forbes as the century-old business magazine lays plans to go public through a deal with Magnum Opus Acquisition Ltd., a special-purpose acquisition company (SPAC). Forbes is seeking $400 million in a private placement as part of its entry into the stock market, which is...
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CORPORATE MEDIA LIES ABOUT TRUCKER PROTEST BY CALLING THEM ‘FAR-RIGHT’
These are the facts as we reported them. When the Canadian truckers Freedom Convoy began to make its way to Ottawa on 27 January in protest of government regulations that forced drivers to get injected with the Operation Warp Speed gene therapy jab or else they could not cross the border into the U.S., the...
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SHORTAGES INCLUDE MANY PRESCRIPTION MEDICINES
It’s not just grocery stores and manufacturing plants feeling the shortages. According to FDA statistics, more than 100 pharmaceuticals are in limited supply throughout the country, including antibiotics, diuretics, painkillers, and heart failure meds. The FDA’s database of current and resolved medication shortages, which is updated daily, 114 pharmaceuticals were in low supply as of...