ECONOMY | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

ECONOMY

Nov 30 14:51

Why Inflation Is a Runaway Freight Train…

The value of these super-abundant follies will trend rapidly to zero once margin calls and other bits of reality drastically reduce demand.

Nov 30 12:33

Elon Musk tells SpaceX employees that Starship engine crisis is creating a ‘risk of bankruptcy’

Elon Musk is angry with the lack of progress SpaceX has made in developing the Raptor engines that power its Starship rocket.

He described a dire situation the day after Thanksgiving in a companywide email, a copy of which was obtained by CNBC.

“The Raptor production crisis is much worse than it seemed a few weeks ago,” Musk wrote.

“We face genuine risk of bankruptcy if we cannot achieve a Starship flight rate of at least once every two weeks next year,” Musk added later.

Starship is the massive, next-generation rocket SpaceX is developing to launch cargo and people on missions to the moon and Mars. The company is testing prototypes at a facility in southern Texas and has flown multiple short test flights. But to move to orbital launches, the rocket prototypes will need as many as 39 Raptor engines each – necessitating a sharp ramp in engine production.

Nov 30 12:00

What Happens If Europe Runs Out Of Gas?

The real test of Europe's energy supply is here. As temperatures have started dropping on the continent in recent days, power prices spiked again, and the natural gas shortage could worsen in case the winter is colder than usual. There isn't an immediate fix to the power and natural gas supply crunch, and the colder and longer the winter is, the worse the situation could become, analysts say. Currently, the only thing that could ease the pressure on tight energy supply in Europe is demand destruction in industries due to high natural gas prices, some note.

Some have even said that gas stores could fall to zero this winter if cold weather abounds.

Russia is fulfilling its contractual obligations with customers to send natural gas to Europe via pipelines, but it has not significantly raised additional supply amid the gas and energy crunch in recent months.

Nov 30 12:00

$70 Oil Won't Keep OPEC Happy

One day—that was all it took oil prices to plunge by more than a tenth after health authorities announced the identification of the latest potentially dangerous coronavirus variant in Southern Africa. Brent crude dropped from over $80 to about $72 per barrel, and West Texas Intermediate fell to $68 per barrel in the space of less than 24 hours, days after prices reacted to the release of 50 million barrels from the U.S. strategic petroleum reserve by rising. And with Brent at $72, OPEC is almost certain to halt its policy of supply increase.

“It obviously remains a wide-open question whether this new variant will truly pose a material threat to oil demand, with vaccination rates ratcheting steeply higher since the summer,” Rory Johnston, managing director of research firm Price Street, told the Financial Times. “But markets aren’t waiting to find out. Sell now, ask questions later.”

Nov 30 11:12

Millions Of Americans Are Scrambling To Become Independent Of The System As It Collapses All Around Them

Once upon a time, all of the major institutions in our society were running super smoothly, and most people could rely on the fact that they would always be there when they were needed.  But now things are going haywire everywhere that you turn.  We are in the midst of the worst supply chain crisis in our entire history, the crime and violence in our largest urban areas is starting to spiral out of control, millions upon millions of our fellow citizens are absolutely seething with hate, and this pandemic is causing officials to make extremely irrational decisions that would have been unthinkable during “normal times”.  Earlier today, I was horrified to hear that one of my readers had just been denied access to a local hospital.  He was taking his wife in for a very important reason, but there were people at the entrance that were checking the vaccination status of everyone that attempted to enter.  He and his wife had not been vaccinated, and so they were turned away.

Nov 30 09:32

Lower than 2008...

Nov 30 09:23

Russia not building ‘fortress walls’ but simply seeking to increase sovereignty – Putin

Russia is not looking to close itself off from the world and instead is very open to cooperation with other states, while taking steps to enhance its national sovereignty, President Vladimir Putin told a Moscow forum on Tuesday.

Speaking to ‘Russia Calling!’, an annual event being held online due to the Covid pandemic, Putin rejected the premise posed by the representative of a London-based investment fund, who said that many people in his field believe Russia has “built a kind of economic fortress.”

“We do not seek to create fortresses and live behind fortress walls,” Putin replied. “We are simply raising the level of our sovereignty, including economic sovereignty, and we will certainly continue to strive for that. But, we will also achieve it through cooperation with our partners around the world, wherever they want it.”

Nov 30 08:24

China takes Ukraine to The Hague court

Kiev faces a financial penalty of as much as $4.5 billion, after a group of Chinese investors brought legal action against the country over violating the China-Ukraine bilateral investment agreement.

Beijing Skyrizon Aviation, along with several other Chinese investors, has submitted the application to the Permanent Court of Arbitration in The Hague.

The plaintiffs have demanded compensation for unfair treatment of Chinese investors by Ukraine, which has resulted in significant losses in both Ukraine and China, Skyrizon announced in a WeChat post.

Chinese investors claim Ukrainian authorities have continually implemented illegal measures against the company, and say they are ready to use all possible legal tools to defend their legitimate rights.

Nov 30 08:23

Russia won’t extend gas transit deal – Ukraine

Russia does not want to extend its gas transit contract with Ukraine after 2024 when the current deal ends, the head of the Kiev-based state-run oil and gas company Naftogaz claimed on Monday.

Speaking to Reuters, Yury Vitrenko said that there is “not even a hint” of negotiations on a new contract.

“We are discussing it with the Americans and the Germans that all of us would like the transit to continue, but the Russians are reluctant to start these discussions,” he said.

Nov 30 08:22

More Trouble For EU? Gazprom "Doesn't Expect Decline In Gas Prices In Coming Months"

The massive rally in European gas prices isn't likely to fade anytime soon, according to the world's largest gas producer, Gazprom PJSC.

Gazprom's finance unit head, Alexander Ivannikov, told investors on a third-quarter earnings call Monday that forward natural gas contracts "do not imply a noticeable decline in prices in the coming months." He said low levels of gas injections in European gas storages and the Northern Hemisphere winter would keep a bid under prices.

Nov 30 08:22

Renault Unveils Flying Car For Travel On Sky Highways

French automaker Renault has unveiled a flying car for the 60th anniversary of the iconic Renault 4.

Renault teamed up with Miami-based design firm TheArsenale to create the flying car based on an updated version of the 4 (also known as the 4L or "quatrelle"), which began production in 1961 and concluded in 1992. The modern version of the 4 sits on top of the drone frame. "AIR4 is a symbol of independence and freedom, born out of the realization that traffic is compounding, lives are grinding to a halt, and the world above us is unhampered," Renault wrote.

Nov 30 08:14

"Slow Disaster Playing Out" As Germany Moves To Shut Down 8.5 GW Of Baseload Nuclear Capacity

At Facebook, Danish observer Peter Bardland presents a chart and commentary on Germany’s upcoming rapid nuclear power phaseout.

By the end of 2022, the government will have shut down another 6 plants with a total (baseload) capacity of 8.54 gigawatts!

Nov 30 08:13

Kemp: European Gas Prices Jump Again As Freezing Temps Pressure Inventories

Europe’s gas prices have started rising again as a colder-than-normal start to winter makes unusually large inroads into the already meagre volume of gas in storage.

Futures prices for gas delivered in January 2022 via the Dutch Title Transfer Facility have climbed to more than 93 euros per megawatt-hour (MWh), up from a recent low of 65 euros a month ago. Previous market expectations Russia would begin large-scale gas deliveries to Europe via existing pipelines and the newly completed but not yet approved Nord Stream 2 have not been borne out.

Nov 30 08:12

The Doom Loop is Building Momentum

Nov 30 08:12

San Francisco Homeless Insider Tells All

In my new book, San Fransicko, I describe why progressives create and defend what European researchers call “open drug scenes,” which are places in cities where drug dealers and buyers meet, and many addicts live in tents. Progressives call these scenes “homeless encampments,” and not only defend them but have encouraged their growth, which is why the homeless population in California grew 31 percent since 2000. This was mostly a West Coast phenomenon until recently. But now, the newly elected progressive mayor of Boston, Michelle Wu, has decided to keep open a drug scene at Mass and Cass avenues, even though it has resulted in several deaths from drug overdoses and homicides.

Nov 30 08:11

In Low Key Move, Singapore’s Central Bank Adds 26 Tonnes To Its Gold Reserves

It has just come to light that Singapore’s central bank, the Monetary Authority of Singapore (MAS), added 26.35 tonnes of gold to its official monetary gold reserves over a 2 month period between May and June this year, in the process boosting its strategic gold holdings by 20% to a claimed 153.76 tonnes.

This addition to the monetary gold holdings of the Monetary Authority of Singapore was first pointed out by the World Gold Council’s Krishan Gopaul in a 25 November tweet, following an update to Singapore’s gold holdings appearing in the IMF’s International Financial Statistics (IFS) database, a source which World Gold Council uses to keep track of central bank and sovereign gold holdings.

Nov 30 07:44

Backed by AFRICOM, corporations plunder DR Congo for “climate-friendly” materials and blame China

Cobalt, a key metallic element used in lithium batteries and other “green” technology, is sourced from slave labor in the Democratic Republic of Congo. As the West points the finger at China, the US Africa Command is indirectly policing mining operations that profit US corporations.

Ever since Belgium’s King Leopold II (1835-1909) established the Congo Free State in 1885, international powers have exploited the region’s vast resources. Leading a regime that went on to kill an estimated eight million people to plunder their gold, ivory, and rubber, Leopold reportedly described Congo as “a magnificent African cake.”

Nov 30 07:30

How California "Solved" Its Record Ship Pileup: It Moved Them Out Of Sight, Over The Horizon

By one measure, the number of container ships stuck waiting offshore of Los Angeles and Long Beach has plummeted. The logjam hit a peak of 86 container ships offshore on Nov. 16, according to data from the Marine Exchange of Southern California. A week later, it was a mere 61, the lowest since early October.

Problem solved?

Far from it.

The waiting container ships are still out there — more of them than ever. It’s just that more are over the horizon, where you can’t see them, thanks to the successful implementation of a new queuing system that began last week.

“The overall flow of container ships and big-picture backup has not changed,” acknowledged Marine Exchange of Southern California Executive Director Kip Louttit.

Nov 30 07:28

The similarities to 2008 keep piling up...

Nov 30 06:58

Russia Warns The U.S. Not To Interfere With Nord Stream 2

The Russian Government has warned the US not to put further pressure on anyone over the certification of the $11bn Nord Stream 2 (NS2) gas pipeline.

The newly completed 1,764km double pipeline is still awaiting clearance from German regulators before Russia can start exporting gas through it. NS2 bypasses Ukraine and instead imports Russian gas directly to Germany via the bed of the Baltic Sea. If green-lit, it will double Russia’s overall flows to Germany, providing 55bn cubic meters of gas through both pipelines.

Speaking to reporters on Monday, Kremlin spokesperson Dmitry Peskov said: “It is very important, of course, that the United States of America does not put pressure on anyone in connection with the ongoing implementation and certification of this project,” Peskov emphasized. The comments follow the Biden administration imposing sanctions targeting Russia-linked Transadria and its operating vessel.

Nov 30 06:47

Kremlin: Gas Sale is Primary Issue, Transit via Ukraine is Secondary One

The topic of gas transportation through Ukraine is a secondary issue, the fuel must first be sold, Kremlin spokesman Dmitry Peskov said on Tuesday.

"As for transit affairs, certainly, we need to address the question to Gazprom. I just want to remind you of [Russian] President Putin’s statement that in order to transit something, you need to sell it, you need to have final buyers in Europe, for whom this transit will be carried out," Peskov said when asked about the date of negotiations on gas transit through Ukraine after 2024.

He added that until Gazprom is determined on this line, negotiations on transit will remain a second priority.

"First, you need to sell gas. This has been explained by President Putin many times," he added.

Peskov added that Moscow hopes that there will be no threats to the certification of the Nord Stream 2 gas pipeline as European consumers are interested in the project.

Nov 29 19:36

Supreme Court Refuses to Block Vaccine Mandate for Massachusetts Hospital Workers

By Kelsey Reichmann

WASHINGTON (CN) — Justice Stephen Breyer on Monday afternoon refused to grant relief to workers at a Boston-based hospital in the latest challenge to Covid-19 vaccine mandates to come across the high court’s shadow docket.

Without referring the case to his colleagues on the court, Breyer denied the request for an emergency injunction with no explanation for his ruling or call for a response from the hospital...

Nov 29 14:49

What’s happening with home foreclosures?

A new report from the property data firm ATTOM found that foreclosure filings rose 5% last month. The federal moratorium on foreclosures was lifted earlier this year.

The foreclosures happened mostly at abandoned properties, vacant lots, and properties that were already in foreclosure before the pandemic.

“These are properties that would have been foreclosed on a long time ago, if it hadn’t been for the government foreclosure moratorium,” said Rick Sharga, executive vice president at RealtyTrac, which is owned by ATTOM.

Since foreclosures were halted last year, he said we can expect new foreclosures to keep rising.

Nov 29 12:28

Anyone else feel like they are literally saying “monthly subscriber plans now available?” : Pfizer, Moderna stock pump and dumps surge after FDA authorizes “booster” shots

None of this is about health, of course. It is being done for two reasons: to degrade people’s immunity while generating more quick cash for the elite. In other words, the plandemic is about deception, greed and mass genocide.-- Whether or not people agree to actually take these boosters is almost moot, at least on the financial side of things. The stocks jumped and that is all that matters to the greedy who live to profit on other people’s suffering.

Nov 29 12:24

Government in Action : Transportation Secretary Pete Buttigieg on paid leave since mid-August amid supply crisis

The supply chain crisis extended into grocery stores this week, with some businesses reporting empty shelves for canned goods, snacks, and pet food. -- “Typically where shoppers can find snacks, canned goods, and pet food, the shelves were bare and nearly empty,” Jacksonville news station WJXT reported. - “In Target, fruit snacks were limited, protein bars were nearly gone too, and Lunchables were low in stock,” the outlet said. “We saw the least amount of available frozen foods at Publix and snack foods like beef jerky were running low.” (Long story short, this guy takes 3 months of "laying low" and not his job for 3+ months, while AMERICANS SUFFER AND PAY HIS SALARY)

Nov 29 11:56

Supply Chains and the Shortage Economy

Our elected officials imagine that they can solve all our problems. Unsurprisingly, President Biden appointed a “port czar” in August and has said, “If the private sector doesn’t step up, we’re going to call them out and ask them to act.” Many experts suggest we need someone, presumably government, in charge. An authority quoted in the Washington Post said, “It’s like an orchestra with lots of first violins and no conductor. … No one’s really in charge.” -- Yet government control over supply chains would help make shortages permanent. Supply chains are too complex for anyone, including the managers of companies like Apple and Nike, to understand. Companies use suppliers and do not know all their suppliers’ logistics. The resulting economy is so interconnected that the lumber shortage has worsened transportation problems. How? As American Institute for Economic Research economist Peter Earle explains, shipping containers require wooden pallets.

Nov 29 10:10

Price of Food, Cost of Living and Inflation

Nov 29 09:58

INFLATION MAKES YOU POORER

Nov 29 09:46

This Thanksgiving Weekend Proved That America Is Now Living In A Very Dark New Reality

The entire narrative around “Black Friday” has completely changed.  In the old days, I would write a column every year about the chaos that we would see at major retailers all over America as crazed consumers fought over deeply discounted merchandise.  The fact that Americans would get so crazed over cheap trinkets made in China said a lot about where we were as a society, but there was also a side to Black Friday that was fun and exciting.  It was a yearly ritual that millions of Americans looked forward to, and major retailers always made a lot of money.  Unfortunately, those days are now gone.  This Black Friday, store traffic was 28 percent lower than it was in 2019…

Nov 29 08:23

Joe Biden touts “well-stocked shelves” as major retailer announces long list of shortages across the southeast

Over the Thanksgiving holiday, Joe Biden made sure to remind Americans that Big Government is meeting the “needs” of the public, and that his administration is in full control over the food supply. Pretending that the economy is in a state of recovery, the Biden administration ignores the growing problems of rapid inflation and food rationing. Reading from his weekly propaganda script, Joe Biden touted that grocery stores were “well-stocked with turkey” and “everything else” that Americans “need.” He made the announcement at the same time Publix announced a long list of food item shortages across 1,280 stores.

Nov 29 07:46

DeSantis: 'What Biden Was Trying To Do Would've Absolutely Crippled The Supply Chain Further'

Nov 29 07:30

Wall Street Has Deployed a Dirty Tricks Playbook Against Whistleblowers for Decades – Now the Secrets Are Spilling Out

For more than two decades, the general counsels of Wall Street’s mega banks have been meeting together secretly once a year at ritzy hotels and resorts around the world. This would appear to be a clear violation of anti-trust law but since Wall Street’s revolving door has compromised the U.S. Department of Justice over much of that time span, there has been no pushback from the Justice Department to shut down these clandestine meetings.

Wall Street insiders say that among the top agenda items at this annual confab are strategy sessions on how to keep Congress from enacting legislation that would bring an end to Wall Street’s privatized justice system called mandatory arbitration. This system allows the most serially corrupt industry in America to effectively lock the nation’s courthouse doors to claims of fraud from its workers and customers. This private justice system also keeps the details of many of Wall Street’s systemic crimes out of the press.

Nov 29 06:56

Hunter Biden Received 3-Carat Diamond on Top of $10M a Year Deal With Chinese Businessman, Book Says

The deal was first reported in 2020, when the contents of a laptop that had presumably belonged to Hunter Biden, were uncovered by the press on the eve of the presidential election. The reports based on the contents of the laptop cast a shadow over Joe Biden's claims of keeping politics and his son's business ventures separate.

Hunter Biden received a 3.16-carat diamond worth $80,000 from Ye Jianming, the ex-chairman of the now-bankrupt energy giant CEFC with ties to Beijing, as a gift to seal a lucrative deal he inked with the son of then-US Vice President Joe Biden, New York Post columnist Miranda Devine has claimed in her upcoming book called "Laptop from Hell".

Nov 29 06:46

Looting Like Never Before On Black Friday:

Roaming packs of burglars ransacked another luxury retailer in Los Angeles on Black Friday before proceeding on to Home Depot, despite California Gov. Gavin Newsom's promise to crack down on the string of organized 'smash and grabs' plaguing the state.

The Bottega Veneta store in LA's trendy Beverly Grove shopping district saw a large group invade the store at 5:21 p.m. and snatch pricey merchandise before one robber pepper-sprayed an innocent person in the face, the LA Police Department reported.

Nov 29 06:41

Leaked Docs Reveal Germany Is Urging Congress To Thwart Biden Admin Sanctions On Nord Stream 2

Axios on Sunday has revealed that Germany has been quietly urging the United States not to sanction the Nord Stream 2 pipeline, even as geopolitical tensions between Europe and Russia have been on edge over the past month given recent allegations the Kremlin is building up troops near Ukraine for a possible near-future offensive.

The report details documents obtained by Axios wherein Congressional members are warned that fresh Biden admin sanctions would "ultimately damage transatlantic unity" and leave Washington's credibility weakened.

Nov 29 06:41

The Race For Nuclear Fusion Is Going Private

For the past 100 years, commercial nuclear fusion has existed in a realm far closer to science fiction than to scientific practice. In fact, when English mathematician and astronomer Arthur Eddington hypothesized that our sun and stars generate their own power through a process of merging atoms to create massive amounts of energy, heat, and light just a century ago, he was very nearly dismissed as a quack. But since that time, nuclear fusion has advanced by leaps and bounds, from thought experiments to lab-tested experiments, and in the last few years, to major breakthroughs that hint that commercial fusion could really finally be just around the corner.

Nuclear fusion is sought after as the “holy grail of clean energy” because it is a totally clean energy source with the potential to create essentially limitless power with absolutely zero greenhouse gas emissions if the full power of fusion reactions can be harnessed by humans.

Nov 29 06:39

US Refuses To Engage With Marshall Islands On Nuke Damage

The US is refusing to engage with the Marshall Islands on compensation for environmental and health damage caused by the dozens of US nuclear weapons tests carried out in the 1940s and 50s, The Associated Press reported Thursday.

The Marshall Islands are home to a major US military base and are essentially treated as a US territory under an agreement known as the Compact of Free Association. But the agreement is due to expire soon, and the dispute over the nuclear weapons test has some members of Congress concerned.

The US lawmakers are not worried that the people of the Marshall Islands haven’t been properly compensated. Instead, they fear China could move in. "China is all too ready to step in and provide the desperately needed infrastructure and climate resiliency investment that is sought by these long-time partners," 10 Democratic and Republican House members wrote in a letter to National Security Advisor Jake Sullivan.

Nov 29 06:26

Bill Gates Is Pumping All of His Cash into China and Nobody’s Asking Why

According to a disturbing report by the National Pulse, Since the onset of Chinese Coronavirus pandemic, the Bill & Melinda Gates Foundation has funnelled over $54 million to fund “global health” projects in China, including to institutions controlled by the Chinese Communist Party (CCP) and Wuhan Institute of Virology collaborators:

Since December 2019, the Foundation has sent a total of 93 grants adding up to $54,573,428 to China-based projects.

Among the grant recipients are several CCP-run institutions including Beijing Normal University, Peking University, Tsinghua University, and official regime bodies including the Ministry of Agriculture, the Chinese Center for Disease Control and Prevention (CDC), and the Ministry of Science and Technology.

Nov 29 06:20

Germany Warns US Congress Nord Stream 2 Sanctions Will 'Damage Transatlantic Unity', Docs Show

The German Embassy in Washington reportedly handed American congressmen a document saying that the pipeline poses no threat to Ukraine or the EU and arguing that new restrictions could undermine US-German ties and weaken the credibility of the US government.

The German government has called upon US congressmen not to impose sanctions on the Nord Stream 2 pipeline, insisting that doing so will "damage transatlantic unity", Axios has reported, citing newly obtained documents.

"US Sanctions targeting Nord Stream 2 would undermine the commitment given to Germany in the Joint Statement, weaken the credibility of the US government, and endanger the achievements of the Joint Statement, including the provisions supporting Ukraine", the German "non-paper" dated 19 November and marked as "classified" said.

Nov 29 06:14

Everything You Need To Know About The Global Chip Shortage

They are small and inconspicuous, but semiconductors are the driving force behind almost every modern technology. Today, millions of products like cars, smartphones, game consoles, and microwaves rely on computer chips, also known as semiconductor chips. However, there aren’t enough semiconductor chips to meet current demand, causing many products to short supply.

Why are semiconductor chips important? Why is the world facing a shortage of semiconductor chips? Which industries are hard hit? Is the government doing anything to remedy the situation? We spent some time looking for answers to these questions and more.

Nov 28 09:40

LOOK OUT! Repeat Economic Crash of March 2020

Nov 28 09:37

Supply Chains and the Shortage Economy

By Daniel Sutter

America is experiencing extended shortages of goods without recent precedent. The global transportation system is heavily congested, with dozens of ocean freighters waiting off California to dock. Is America’s economy beginning to emulate the former Soviet Union?

Consumer spending quickly recovered from a sharp decline at the Covid-19 pandemic. More significantly, the pandemic and the policy responses changed buying plans. Consumers shifted from dining out and entertainment to purchasing goods. Stay-at-home orders led to a demand for building supplies for DIY projects while remote schooling led to huge purchases of Chromebooks. Covid stimulus checks encouraged additional purchases.

Nov 28 07:51

U.S. Nov Fed Meeting Minutes Signal Concerns of High Inflation — CNBC Asia

Nov 28 07:31

Hippie Lawmaker Ironically DEMANDS More Gas Produced

Sen. Elizabeth Warren (D-Mass.) questioned some of the United States’ largest natural gas producers about exporting “record amounts” of heating fuels as Americans head into the winter months while energy prices continue to soar.

“I am writing regarding my concern about rising natural gas prices for American consumers, the impact this will have for families struggling to pay their bills and keep their homes warm this winter,” Warren wrote in the letters dated Nov. 23.

The letters were addressed to the chief executive officers from 11 natural gas producers, including ConocoPhillips, EQT, Exxon Mobil, Coterra, BP, Antero Resources, Chesapeake Energy Corporation, Ascent Resources, Southwestern Energy Company, Range Resources Corporation, and Occidental Petroleum Corporation.

Nov 28 07:16

Goldman Slams Omicron Panic: "This Mutation Is Unlikely To Be More Malicious; No Reason For Portfolio Changes"

One look at the ridiculous plunge across asset markets on Friday, which sent oil into one of its biggest tailspins in history (which as Goldman calculated would only make sense if the Omicron lockdowns are twice as bad as anything observed so far), and one would think that the Omicron variant - which as Edward Snowden so aptly put it "sounds like the name of an 80s movie's evil Robot King" (of course, the WHO had no choice but to skip the Xi variant, located right before Omicron in the Greek alphabet for obvious propaganda reasons) - is several times more aggressive and far more deadly than the Delta or any other Covid variant to date. Neither is the case, and in fact, as even Tom Peacock, one of the original Imperial College narrative-setters admitted, "it may turn out to be an odd cluster that is not very transmissable."

Webmaster's Commentary: 

Killing people is okay, but we GOTTA protect the money!

Nov 28 06:51

Biden to Increase U.S. Oil Lease Fees 50% While Accusing ‘Big Oil’ of Anticompetitive Activities

The Biden-Harris administration issued a report Friday to increase the price of oil leasing fees on federal lands in the United States by 50 percent—even while accusing oil companies of artificially increasing prices through illegal and anticompetitive actions.

Despite record-high gasoline prices impacting American families across the country with winter around the corner, the Biden-Harris administration is recommending Congress hike the cost of oil leases on government lands from 12.50 percent to 18.75 percent.

Webmaster's Commentary: 

This is Biden's way of sucking more money out of the people at the gas pump!

Nov 28 06:49

Biden’s Build Back Better: IRS Audits for Working Class, Tax Cuts for the Rich

President Joe Biden and Democrats are hoping to squeeze an extra $200 billion in tax revenue out of American taxpayers by mostly targeting working and middle class households with Internal Revenue Service (IRS) audits.

As part of Biden’s “Build Back Better Act,” which was already passed by House Democrats, nearly 600,000 more working and middle class Americans earning $75,000 or less a year would be audited by the IRS, an analysis by Republican lawmakers reveals.

“Democrats’ tax and spending spree will more than double Americans’ chances of being audited as it targets lower and middle-income earners,” the analysis states:

The proposal will lead to an additional 1.2 million IRS audits each year, nearly half of which will hit middle class families making less than $75,000. All this so Democrats can wring an extra $200 billion out of the American people, particularly from middle class families and small businesses.
[Emphasis added]

Webmaster's Commentary: 

Nov 27 13:57

Ties to Big Pharma: Meet the CDC Committee Members Who Recommend the COVID Vax for Kids Aged 5-11

By B.N. Frank

As pressure increases for Americans of all ages to take the COVID jab, some experts have already testified that the U.S. COVID death count is not being accurately reported. Additionally, millions of COVID tests have recently been recalled due to inaccuracies. Furthermore, a significant number of vaccine recipients are still getting the virus. Side effects, injuries, and deaths continue to be blamed on the COVID jab as well. Nevertheless, the CDC vaccine advisory committee unanimously voted in favor of recommending the Pfizer pediatric COVID shot for young children. Parents may be interested in knowing more about these folks before signing up their little ones...

Nov 27 12:35

RASI Failed At +500, Bad News For Bulls

Nov 27 10:57

Flash mob robberies set to explode across America as mass money printing drives the poor into desperation

“This is like watching a piranha consume a cow carcass,” wrote one commenter at Information Liberation about the video footage of several of the incidents. “We’re done, society will never be the same.” -- “We are done if we allow the Republican Party to keep patriotic opposition sitting at home rather than marshaling it in the streets to oppose these animals destroying our nation,” responded another.

Nov 27 09:46

Rare Earth Elements: Where In The World Are They?

Rare earth elements are a group of metals that are critical ingredients for a greener economy, and, as Visual Capitalist's Nicholas LePan details below, the location of the reserves for mining are increasingly important and valuable.

This infographic features data from the United States Geological Society (USGS) which reveals the countries with the largest known reserves of rare earth elements (REEs).

Nov 27 08:57

Biden’s Build Back Better: IRS Audits for Working Class, Tax Cuts for the Rich

President Joe Biden and Democrats are hoping to squeeze an extra $200 billion in tax revenue out of American taxpayers by mostly targeting working and middle class households with Internal Revenue Service (IRS) audits.

As part of Biden’s “Build Back Better Act,” which was already passed by House Democrats, nearly 600,000 more working and middle class Americans earning $75,000 or less a year would be audited by the IRS, an analysis by Republican lawmakers reveals.

“Democrats’ tax and spending spree will more than double Americans’ chances of being audited as it targets lower and middle-income earners,” the analysis states:

The proposal will lead to an additional 1.2 million IRS audits each year, nearly half of which will hit middle class families making less than $75,000. All this so Democrats can wring an extra $200 billion out of the American people, particularly from middle class families and small businesses.
[Emphasis added]

Nov 27 08:08

Catherine Austin Fitts - Useful steps for navigating the financial reset

Nov 27 07:56

Holy S**T! Look at these food prices!

Nov 27 07:39

Centrist Democrats Are Sinking Biden, Vow To Oppose 'Soviet-Born' Treasury Pick

Five centrist Democratic senators have reportedly announced to the White House that they’ll fight the nomination of Saule Omarova, President Joe Biden’s doubtful lefty pick for head of the Treasury Department’s Office of the Comptroller of the Currency.

The opposition from both Republicans and, now, some of Biden’s own party could destroy the nomination of the Soviet-born academic to the critically relevant post, according to Axios.

In a Wednesday phone call, Sens. Jon Tester (D-Mont.), Mark Warner (D-Va.) and Kyrsten Sinema (D-Ariz.), all members of the Senate Banking Committee, explained to Sen. Sherrod Brown (D-Ohio), the panel’s chairman, said that they would face Omarova’s nomination to the post, Axios reported.

Nov 26 15:12

The Bloodbath Has Arrived

Nov 26 12:42

Jim Rogers on the coming market collapse

Nov 26 12:32

Oscillations getting wilder and wilder!

Nov 26 12:31

Coming Inflation Will Be Well Above Targets

Nov 26 11:11

The Huge Economic Shift That Can’t Reverse

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA