Much like the Patriot Act had little to do with making life safer in the U.S., the Biden administration’s “Inflation Reduction Act” has very little to do with reducing inflation.
Thanks to this “Inflation Reduction Act,” our lives are about to get even more expensive for just about everyone. If you’re saving money for retirement, heating your home or driving a car, well, get ready to start paying higher prices.
That’s because of several new taxes that were tucked away in the 274 pages of the Inflation Reduction Act. Those new taxes have become law as of January 1st, 2023.
Continue reading “5 Ways the “Inflation Reduction Act” Is Stealing Your Money – PeterReagan 1/6/23″
The US Bureau of Labor Statistics released new Producer Price Index (PPI) data on Wednesday, and it looks like the rate of increase in price inflation is slowing. Nonetheless, year-over-year price inflation in December remained near 40-year highs, and shows the marketplace is still dealing with the nearly six-trillion-dollar surge in the money supply that took place during 2020 and 2021.
The PPI is a measure of prices at the production phase of goods and services. Prior to 1978, the index was known as the Wholesale Price Index….
Dozens of food processing plants were destroyed and/or damaged last year by “accidental fires.” After several months of a lull in mysterious fires rippling through the food industry, the first major one of the new year was reported by NBC Connecticut on Saturday.
Continue reading “Massive Fire Destroys Commercial Egg Farm Belonging To Top US Supplier – ZeroHedge 1/29/23”
Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said on Monday, as both Tehran and Moscow are chafing under Western sanctions.
Continue reading “Iran, Russia Link Banking Systems Amid Western Sanction – LBCGroup 1/30/23”
The Pentagon is planning to boost its production of artillery ammunition by 500% over the next two years as the US is depleting its military stockpiles by sending millions of shells to Ukraine, The New York Times reported Tuesday.
Since Russia launched its invasion of Ukraine, the US has pledged to send Ukraine over one million 155mm artillery shells. Before the US Army began efforts to increase production, it produced 14,400 155mm shells a month, but under the new plans, the number could reach over 90,000 each month.
Continue reading “Pentagon to Increase Artillery Ammunition Production by 500% for Ukraine – AntiWar 1/24/23”
Lexus chief to take over Toyota as founder’s grandson steps down
The chief executive of Toyota Motor Corp will step down as head of the company his grandfather founded, the Japanese automaker said on Thursday, handing over to the boss of its luxury car unit as it struggles to meet the shift to electric vehicles.
Continue reading “Lexus Chief to Take Over Toyota as Founder’s Grandson Steps Down – LBCGroup 1/26/23”
The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.
One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.
Continue reading “A Dollar Collapse Is Now In Motion: Saudi Arabia Signals The End Of Petro Status – BrandonSmith 1/25/23”
Let’s start with three interconnected multipolar-driven facts.
First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.”
Continue reading “Global South: Gold-backed Currencies to Replace the US Dollar – PepeEscobar 1/19/23”
International money transfers are far from private according to findings by The Wall Street Journal and Sen. Ron Wyden (D-OR).
Regular readers will know Reclaim The Net covered the start of this investigation almost a year ago.
Law enforcement in the US can access international money transfer details without a warrant through a controversial surveillance program the Arizona attorney general’s office approved in 2014.
The program resulted in the creation of a money transfers database managed by the Transaction Record Analysis Center (TRAC).
Continue reading “US Government Scooped up Information on Money Transfers Without a Warrant – ReclaimTheNet 1/19/23”
AmazonSmile is a donation program that redirects 0.5 percent of the cost of all eligible products toward charities. It is a separate website that lets you browse and buy items just like on Amazon.com. But Amazon would keep track of your purchases and donate money on your behalf.
The company started sending an email to Amazon customers announcing the change. AmazonSmile will remain open until February 20, 2023….
The retail employee who directs you to the self-scanning devices that promise to put him out of work is engaged in economic suicide. But it’s not his choice. He is ordered to do so by his boss.
Human beings who voluntarily develop and perfect artificial intelligence elevate the perverse todestrieb to a nearly incomprehensible scale. A.I. workers could do anything else. They could do nothing at all. They could sabotage the bots and self-driving cars and autonomous armed drones that will drive us to the unemployment line before blowing off our heads. I do not know what the fact that A.I. scientists roll up their sleeves and do their best to render us all redundant and obsolete demonstrates about our psychological wiring, but it cannot be good.
Continue reading “Overlords at the Easel – TedRall 1/18/23”
In this refreshingly fact-focused report, Matterhorn Asset Management (MAM) advisor, Ronni Stoeferle, takes a deeper look at the false “eco war” on gold.
In a world of ever-growing public narratives completely at odds with transparent reality (from “Putin’s” war to “Transitory Inflation”), it should come as no surprise that the current ESG and “Green Revolution Army” of the woke West has turned its political gun sights toward the one precious metal which serves as the greatest threat to a dying fiat currency system: Gold. With puffed chests and lofty claims, global environmental leadership has conveniently made a disingenuous but full-frontal assault on gold mining (and hence gold) as an environmental threat.
Continue reading “5 Reasons Why Gold Is Green – Ronni Stoeferle 1/13/23”
Coal provides a staggering 31% of German electricity production, up from 8% in 2015.
The Greens forced a shutdown of nuclear power under Angela Merkel. Now they are both for and against coal, the dirtiest of all electrical power sources.
Continue reading “A Big Green Mess in Germany With Coal a Stunning 31 Percent of Electricity – Mike”Mish”Shedlock 1/13/23″
Central banks globally added another net 50 tons of gold to their reserves in November, driven in part by the first official purchase by China since 2019.
Continue reading “Central Banks Add More Gold in November as China Joins Buying Spree – SchiffGold 1/8/23”
Belarusian dictator Alexander Lukashenko has signed a new law that legalizes piracy of movies, music, TV shows and software owned by rightsholders from ‘unfriendly countries’. The law also allows goods protected by intellectual property law to be imported from any country without obtaining permission from rightsholders….
One of the most dishonest games being played in economics today is the attempt by various groups (political and financial) to deflect blame for the rise of inflation. The Biden White House and Democrats desperately want to blame Russia and the war in Ukraine, even though inflation was spiking long before the war ever started. The Federal Reserve pretended for years that inflation was not a threat at all despite numerous alternative economists warning what would happen. Now they blame supply chain disruptions instead of their own monetary policies. The GOP wants to blame Biden alone for the crisis while ignoring the dominant role of the Fed in the economy (and their unilateral power) over the course of multiple presidencies.
Continue reading “Is There A Way To Stop Inflation Without Crushing The Economy And Killing The Dollar? – Brandon Smith 1/4/23”
One week ago, in his latest – and arguably most important note of 2022 – Credit Suisse repo guru Zoltan Pozsar discussed the two key anchors of the Bretton Woods III regime he believes will replace the world in which the dollar is a reserve currency: i) commodity encumbrance (i.e., rehypothecation) and ii) the Petroyuan, and – intertwined inbetween them – China’s aggressive accumulation of gold.
This was hardly a coincidence: just a few weeks earlier, we learned that for the first time in years, China had bought 32 tons of gold in the month of November, its first official purchase since September 2918 (even as it had unofficially been buying up much more gold over the past three years). We added the following:
Continue reading “China Extends Aggressive Gold Buying With Another 30 Tons Purchase In December – ZeroHedge 1/8/23”
State Treasurer: If they boycott fossil fuels, we won’t do business with them.
Kentucky has joined a growing list of conservative states that have begun to boycott banks they charge are discriminating against the fossil fuel industry.
In compliance with a Kentucky law passed in March, State Treasurer Allison Ball yesterday released a list of banks that “are engaged in energy company boycotts.” This list included Wall Street giants BlackRock, Citibank, JPMorgan Chase, BNP Paribas, HSBC, and six other smaller banks.
Continue reading “Kentucky Joins Growing Movement to Blacklist ESG Banks – TheEpochTimes 1/4/23”
With barely any notice from the US media, Japan’s conservative LDP government has embraced a counter-strike strategy – giving it the ability to strike enemy bases overseas – for the first time since 1945. The announcement has sparked protests in South Korea and Japan and generated outrage in North Korea and China. The first of a two-part article.
Continue reading “Japan Crosses the Rubicon: The First of a Two-Part Article on Japan’s Rearmament – TimShorrock 12/23/22”
Over Christmas I had a short talk with a relative about the war in Ukraine. He asked me who would win and was astonished when I said: “Ukraine has zero chance to win.” That person reads some German mainstream news sites and watches the public TV networks. With those sources of ‘information’ he was made to believe that Ukraine was winning the war.
One may excuse that with him never having been in a military and not being politically engaged. But still there are some basic numbers that let one conclude from the beginning that Russia, the much bigger, richer and more industrialized country, had clearly all advantages. My relative obviously never had had that thought.
The ‘western’ propaganda is still quite strong. However, as I pointed out in March last year propaganda does not change a war and lies do not win it. Its believability is shrinking.
Continue reading “Ukraine: The Big Push To End The War – MoonOfAlabama 1/4/23”
Lack Of Good Analyses Contributes To The Decline Of The ‘West’
What really hit me last year was the dearth of correct analyses in main stream media and in politics with regards to the war in Ukraine. Little if anything is based on facts. More than 90% of the published output is propaganda.
Continue reading “Lack Of Good Analyses Contributes To The Decline Of The ‘West’ – MoonOfAlabama 12/30/22”
This article is in two parts. In Part 1 it looks at how prospects for gold should be viewed from a monetary and economic perspective, pointing out that it is gold whose purchasing power is stable, and that of fiat currencies which is not. Consequently, analysts who see gold as an investment producing a return in national currencies have made a fundamental error which will not be repeated in this article.
Continue reading “Gold in 2023 – Alasdair Macleod 12/30/22”
On Sept. 8, SBF met with senior Biden adviser Steve Ricchetti in a previously unreported encounter, White House officials familiar with the matter said. The meeting was “the latest in a handful of sessions,” according to the report.
Continue reading “SBF Was Meeting With Senior White House Officials Shortly Before FTX Collapse – ZeroHedge 12/30/22”
A massive, $1.7 trillion funding bill was approved in the US Congress last Friday and will become law once signed by President Biden.
And once that happens, it will bring into force proposed legislation introduced last year, INFORM Consumers Act, designed to regulate a sensitive segment of online marketplaces, delving deep into and disclosing sellers’ personal data under some circumstances.
Continue reading “$1.7 Trillion Spending Bill Requires Platforms to Verify ID of Those Earning $5,000 Revenue per Year – ReclaimTheNet 12/28/22”
It’s inconvenient when those whose sacrifices are essential to the system get fed up and find some other way to live.
Convenience isn’t just about small appliances. It’s also about ruling nations. Let’s start with the semantics of ruling nations. Some labels might be viewed as somewhat inflammatory (Kleptocracy, anyone?), so let’s stick with the neutral Ruling Order.
Continue reading “An Inconvenient Revolution – CharlesHughSmith 12/27/22”
The Office of Ukrainian President Volodymyr Zelenskyy announced Wednesday that he had met with CEO Larry Fink of investment firm BlackRock, and that the two had agreed to coordinate their efforts to invest in Ukraine’s reconstruction.
Continue reading “BlackRock Will Partner With Ukraine To Help Attract Investors, Rebuild Country, Zelenskyy Says – DailyCaller 12/28/22”
After months of feigned confidence and optimism from both the West and Ukraine’s senior military leadership, cracks are beginning to appear. During Ukrainian Commander-in-Chief General Valery Zaluzhny’s recent interview with the Economist, Ukraine’s desperate need for additional arms and the consequences for not receiving them was made very clear.
Continue reading “The Ukraine Arms Drain – BrianBerletic 12/27/22”
The potential of losing your funds isn’t the only reason to secure your own bitcoin. It also ensures the price cannot be manipulated.
Are you keeping bitcoin on an exchange?
Let me tell you a story about what happens when you, and others, leave your bitcoin on exchanges. You might be surprised to hear what that means for your holdings. It might sound a lot like your own.
Continue reading “The Dangers of Paper Bitcoin – BitcoinMagazine 12/19/22”
It may prove to be as historic as the harnessing of fire, invention of the wheel, or the channeling of electricity. It will certainly rank on a par with the first release of nuclear energy in an experimental Chicago reactor or its first test as an atomic weapon near Los Alamos, New Mexico.
It is the first successful experiment to extract power from controlled fusion.
Continue reading “Unleashing Clean Fusion Power Is America’s Best Defense against Tyranny – LawrenceKadish 12/20/22”
Would you like to pay a carbon tax every time that you turn your heater on? What about every time that you fill up your vehicle with gasoline? Incredibly, this will soon be what life is like in Europe. When I first heard that the EU plans to impose direct carbon taxes on individuals, I thought that it must be just another false Internet rumor. But it isn’t a false rumor. News sources in Europe are reporting on it, and you can find information about this plan on the official website of the European Parliament. I don’t know why the corporate media in the United States is not talking about this, because this is an enormous story.
Continue reading “The EU Plans To Impose Direct Carbon Taxes On Individuals – MichaelSnyder 12/19/22”
Another United Nations climate conference has come and gone. The twenty-seventh, to be exact.
Its forgettable full name is the Conference of the Parties to the United Nations Framework Convention on Climate Change. Or COP27, for short.
COP27, like all of the UN’s previous annual climate summits (COP1 through COP26), addressed none of the actual existential issues facing humanity. Instead, its delegates, gathered in Sharm El Sheikh, Egypt, bombarded the rest of us with endless chatter about how human-induced climate change will spell the end of humanity if trillions of dollars aren’t thrown at this alleged catastrophe.
Continue reading “COP27: Understanding Climate Change and the UN’s Hidden Agenda Behind ‘Catastrophic Global Warming’ – DavidSkripac 12/22/22”
The EU Commission will provide funds to a consortium whose job is to launch a payments pilot for the bloc’s digital ID wallet.
The NOBID (Nordic-Baltic eID Project) has been chosen to head a multi-national consortium comprising a number of companies such as Thales and iProov, who are expected to start the pilot focusing on payments – one of four EU digital identity pilots – in March 2023.
Continue reading “EU Funds Test of Biometric Payments from Digital Wallets – ReclaimTheNet 12/19/22”
Berkshire Hathaway vice chairman says he doesn’t want Larry Fink to ‘be my emperor’
The acquisition by investment managers BlackRock and Vanguard of ever-increasing shares in America’s public utility companies is setting off alarm bells from conservatives and progressives alike.
Continue reading “State AGs Sound Alarm About BlackRock, Vanguard Buying Large Stakes in Utilities – TheEpochTimes 12/19/22”
Money is routinely defined by what it does, rather than what it is. That is unfortunate because its modern definition overlooks money’s important – but now forgotten – fourth function.
Aristotle observed that money is a medium of exchange, unit of account, and store of value. This definition omits the fourth function needed to explain money and currency in our modern economy.
Continue reading “The Forgotten Fourth Function of Money & G-SIBs – JamesTurk 12/20/22”
U.S. To Send More Wunderwaffen To Ukraine
A new round of Wunderwaffen deliveries to Ukraine is taking place. It is unlikely to change the strategic or even operational picture of the war.
The U.S. and its ‘allies’ are engaged in a boil-the-frog operation in which they steadily increase the lethality and complexity of arms and other support they deliver to Ukraine. At some point in time this process will cross Russian red lines. That’s when it will become really interesting …
The newest gimmick to be deployed is the Patriot air defense system likely soon to be followed by main battle tanks:
Continue reading “U.S. To Send More Wunderwaffen To Ukraine – MoonOfAlabama 12/14/22”
The Senate on Thursday night passed the massive $858 billion National Defense Authorization Act (NDAA) in a vote of 83-11. The spending bill has already been approved by the House and now heads to President Biden’s desk for his signature.
The $858 billion bill is $45 billion more than Biden asked for and represents an 8% increase from the 2022 NDAA. It marks the second year in a row that Congress added tens of billions of dollars to the president’s original request, as massive military spending is popular on both sides of the aisle.
Continue reading “Senate Passes Massive $858 Billion NDAA – Antiwar 12/15/22”