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Latest Articles
The Fed Is Losing the Inflation Fight
Post Date: 2023-05-23 21:52:57 by Charles_Byrd
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We saw a big selloff in the gold market last week and the price dropped below $2,000 an ounce. The catalyst for that selloff was tough talk from several Federal Reserve officials and an increasing expectation that the central bank will raise rates again in June. As Peter Schiff explained in his podcast, everybody thinks the Fed is going to win the inflation fight because it is going to be even tougher. In reality, they are talking tougher because they are losing the fight. On Thursday, Dallas Fed President Lorie Logan said she’s concerned that “much too high” inflation is not cooling fast enough to allow the Fed to pause its interest-rate hike campaign in June. Click for ...
India: Another Demonetization?
Post Date: 2023-05-23 21:51:07 by Charles_Byrd
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In late 2016, the Indian Prime Minister, Narendra Modi, came on TV at 8 pm to announce that most currency bills would no longer be legal tender after midnight. An individual was allowed to convert only about $30 per visit to the bank. This led to massive crowds (not lineups, because Indians don’t follow the lineup system) at the banks, suffering, chaos, and deaths— there were no exceptions for the sick, older people, and pregnant women. Eventually, more than 100% of the demonetized cash returned to the banks, although I know no one who didn’t forget to convert some of his misplaced currency bills. What happened? Demonetization ended up laundering massive amounts of ...
Montana governor signs law to define ‘sex’ as only male or female
Post Date: 2023-05-23 21:49:30 by Charles_Byrd
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Republican Governor Greg Gianforte has signed a bill defining the word “sex” in state law as only male or female — joining Kansas and Tennessee, which have similar laws that LGBTQ+ advocates argue will deny legal recognition to nonbinary and transgender people. Medical professionals say the laws also ignore that some people are born as intersex — a term that encompasses about 60 conditions in which a person is born with genitalia, reproductive organs, chromosomes and/or hormone levels that don’t fit typical definitions of male or female. Click for Full Text!
DOE Mobile-home Rule Won’t Save Planet, Will Make Housing More Expensive
Post Date: 2023-05-23 21:47:21 by Charles_Byrd
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A new Department of Energy (DOE) rule requiring mobile homes to be made more energy-efficient in order to reduce carbon emissions not only will have no effect on carbon emissions, but also will drive up the cost of such housing, making it unaffordable for many low-income households. The DOE’s rule — all 97 pages of it — requires mobile, or manufactured, homes to meet strict energy-conservation standards by improving insulation and sealing. The rule is set to take effect next Wednesday, barely more than a year after it was finalized. Click for Full Text!
Biden Okays F-16s For Ukraine, US Weapons To Attack Crimea
Post Date: 2023-05-23 21:44:11 by Charles_Byrd
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The Biden administration has signed off on both F-16s for Ukraine and attacks on Crimea using US-made weapons. Both of these moves have drawn dire warnings from nuclear-armed Russia, and both would have been unthinkable a year ago. In a Sunday interview with CNN’s Jake Tapper from the G7 summit in Hiroshima, Biden’s National Security Advisor Jake Sullivan made it clear that Washington would approve of US weapons being used in an offensive to recapture Crimea, a horrifying prospect that many experts have agreed is the most likely scenario to lead to nuclear warfare in this conflict. Sullivan told Tapper that while the US has forbidden the use of American weapons to attack Russia, ...
Are You Ready For a Real Recession?
Post Date: 2023-05-23 21:42:34 by Charles_Byrd
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We haven't had a real recession in forty years (1981-82) and so only those who were in the workforce back then have any experience of how far and how fast things we think are solid can unravel. What's a real recession? In the most basic terms, a real recession is an organic, i.e. unmanipulated by central banks, completion of the credit cycle, also known as the business cycle. The credit / business cycle is intuitively easy to understand. When the cost of borrowing money (a.k.a. the cost of capital) declines and credit standards loosen so more enterprises and households can qualify for loans, the incentives to borrow and spend / expand increase. Lenders start making more money ...
How the Bipartisan War Party Fostered Fiscal Ruin
Post Date: 2023-05-23 21:40:52 by Charles_Byrd
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When big spending Barrack Obama left the White House the national security budget properly measured totaled a staggering $822 billion. That included $600 billion for defense, $46 billion for security assistance and international operations and $177 billion for veterans compensation and services, which reflects the deferred cost of prior wars. So much for the "peace candidate" of 2008 and the antiwar democratic party of the Vietnam era and its aftermath. To the contrary, that $822 billion national security budget reflected the cost of global hegemony and the Forever Wars to which it gave rise – notwithstanding that the only real threat to homeland security in the postwar ...
Dem Va. Legislators: Parental Rights, Protecting Kids From Porn Are “Stupid,” “Crap”
Post Date: 2023-05-23 21:37:51 by Charles_Byrd
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Two Democratic members of the Virginia state Legislature were recently caught on a hot mic expressing their disdain not only for Republican Governor Glenn Youngkin, but also for parents who insist on their rights to guide and direct the upbringing of their children. In the recordings, the Democratic lawmakers can be heard describing parental rights as “garbage,” “crap,” and “stupid.” In two separate tweets, the Republican State Leadership Committee (RSLC) posted the audio recordings of state Senator Monty Mason and state Delegate Shelly Simonds during a political social function at Christopher Newport University. In the first of the two recordings, Mason and ...
Adventures in NATOstan: Sparks Flying in Ibiza, Locked Down Bilderberg in Lisbon
Post Date: 2023-05-23 21:08:27 by Charles_Byrd
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With G7 “leadership” mired in a sticky swamp of intellectual shallowness, predictably the only agenda in colonized Japan was more sanctions on Russia. Let’s start with a graphic depiction of where the Global North and the Global South really stand. Click for Full Text!
Belarus Is Not Our Business
Post Date: 2023-05-23 21:06:54 by Charles_Byrd
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According to rumors confirmed by a member of the Russian government, Alexander Lukashenko, the president of Belarus, is ill. Reports of the illness's severity vary. While he was recently in Moscow for the May 9 Victory Day celebrations, he was noticeably less mobile than the other leaders gathered and was seen carrying some sort of electronic device. Since then, his only public appearance has been in a still photo and a brief video message on Telegram in which he appeared bandaged with a hoarse voice. While it is possible that he will recover, it is also possible that the nearly 70-year-old dictator will not. Nevertheless, the West should start to prepare for the eventuality of his ...
Stanford professor says aliens are ‘100 per cent’ on earth, US is ‘reverse-engineering downed UFOs’
Post Date: 2023-05-23 20:25:15 by Charles_Byrd
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A Stanford professor who has researched unidentified aerial phenomena for the US government says he believes extraterrestrial intelligence has not only visited earth but “it’s been here a long time and it’s still here”. Dr Garry Nolan also claimed that whistleblowers who have worked on “reverse-engineering downed craft” had recently given classified testimony to Congress, creating a “hornet’s nest in Washington”. Click for Full Text!
Here's how long EVs have to be driven before they save emissions versus gas cars
Post Date: 2023-05-22 19:08:50 by Charles_Byrd
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Electric vehicles must spend a while on the road before they reduce carbon emissions relative to gas-powered cars, an environmental consideration looming over President Joe Biden's push to electrify the vehicle fleet. That’s because producing an electric vehicle — and manufacturing the battery, in particular — yields a significantly larger carbon footprint compared to producing a traditional, internal combustion engine vehicle. Click for Full Text!
Facebook hit with record $1.3B fine in European privacy case
Post Date: 2023-05-22 19:04:59 by Charles_Byrd
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Facebook parent company Meta was hit with a record $1.3 billion (1.2 billion euros) fine on Monday by the European Union, which demanded the social media giant stop transferring user data to the United States. The European Data Protection Board (EDPB) found Meta made a “very serious” infringement concerning transfers “that are systematic, repetitive and continuous,” EDPB Chairwoman Andrea Jelinek said in a statement announcing the fine. Click for Full Text!
Britain Confirms Ukraine Has Used Storm Shadow Missiles
Post Date: 2023-05-22 19:03:41 by Charles_Byrd
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British Defense Secretary Ben Wallace confirmed on Thursday that Ukraine’s armed forces have used the Storm Shadow missiles provided by London, which have a range of more than 155 miles. “All I can confirm is it has been used successfully, that is the information I received from the Ukrainians, and I’m pleased it is helping them to defend their country,” Wallace told CNN. Click for Full Text!
Does God exist? Only half of Americans say a definite yes
Post Date: 2023-05-22 19:02:19 by Charles_Byrd
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Only half of Americans now say they are sure God exists. That finding, from the closely watched General Social Survey, stands out among several nuggets of new data about religion in America. Click for Full Text!
Pentagon Error Overvalued Weapons Sent to Ukraine by $3 Billion
Post Date: 2023-05-22 19:00:30 by Charles_Byrd
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According to a report from Reuters, the Pentagon overestimated the value of military equipment it sent to Ukraine by $3 billion, meaning the US could ship even more weapons to the country. Two unnamed Pentagon officials said the error was assigning a higher value to weapons the US has shipped to Ukraine from US military stockpiles. “We’ve discovered inconsistencies in how we value the equipment that we’ve given,” one official told Reuters. Click for Full Text!
Economists expect inflation, interest rates to stay high: survey
Post Date: 2023-05-22 18:58:51 by Charles_Byrd
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A new survey of economists found that respondents expect the Federal Reserve to make little progress this year on curbing rising prices, saying they expect inflation and interest rates will remain stubbornly high. The National Association for Business Economics’s (NABE) survey included responses from 45 economists. Click for Full Text!
The FBI just got caught in yet more massive, outrageous FISA abuses
Post Date: 2023-05-22 18:57:13 by Charles_Byrd
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Like the casino gambling scene in “Casablanca,” the Foreign Intelligence Surveillance Act court is “shocked, shocked” that the Federal Bureau of Investigation continues to ravage the privacy of vast numbers of Americans. For each American the FISA court permitted the FBI to target, the bureau illicitly surveilled almost 1,000 additional Americans. Click for Full Text!
NATO to Draw Up Russia War Plans for First Time Since Cold War
Post Date: 2023-05-22 18:54:40 by Charles_Byrd
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NATO is drawing up plans on how to fight a war with Russia for the first time since the Cold War. According to Reuters, at the upcoming NATO summit in Vilnius this July, alliance leaders will approve thousands of pages of secret military plans that will detail how to respond to a Russian attack. Click for Full Text!
Ex-Trump Lawyers Signaling Bad News for Former President: Kirschner
Post Date: 2023-05-22 18:52:53 by Charles_Byrd
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Donald Trump's lawyers are sending a troubling signal to the former president, said former federal prosecutor Glenn Kirschner. Trump, who is again seeking the presidency in the 2024 election, has faced a number of legal woes in recent months. He is facing several investigations related to his actions surrounding the 2020 presidential election, a federal probe into classified documents found at his Mar-a- Lago residence and was recently indicted in a Manhattan case surrounding an alleged 2016 hush money payment. Click for Full Text!
The feds and their Big Tech copycats spy on unsuspecting Americans
Post Date: 2023-05-22 18:50:53 by Charles_Byrd
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The federal government recently revealed that at least 50 U.S. government personnel working in 10 foreign countries have had their mobile devices hacked by unknown parties employed software known as “zero-click.” The zero-click product, Pegasus, is manufactured by an Israeli high-tech company, NSO Group. Pegasus enables the user to download the contents of the target’s mobile device or desktop without having to trick the target into clicking on a link. It also enables the user to follow the person in possession of the device, capturing all texts and emails and listening to conversations on the device or that take place near it. Click for Full Text!
US Announces New Russia Sanctions With G7 Nations
Post Date: 2023-05-22 18:48:50 by Charles_Byrd
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The US on Friday announced new sanctions on Russia that were imposed in coordination with the Group of Seven, but they fall far short of what the Biden administration was hoping to achieve. According to the Treasury Department, over 300 sanctions were implemented on individuals, entities, vessels, and aircraft. The measures are meant to combat the circumvention and evasion of Western sanctions on Russia. Click for Full Text!
Is NATO Crowding the Russian Bear Into a Nuclear Corner?
Post Date: 2023-05-22 18:46:26 by Charles_Byrd
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Western officials who salivate over the prospect of inflicting a decisive, humiliating defeat on Russia in its war with Ukraine remain oblivious to the dangers entailed in that scenario. As I pointed out early in the conflict, Russian leaders consider Ukraine to be the most vital of vital national security interests and they are likely to adopt whatever measures are necessary to prevent such a defeat. Not even the option of using tactical nuclear weapons in Ukraine is off the table. So far, the danger of such a potentially catastrophic escalation has remained modest. Deficiencies in Moscow’s lumbering military, combined with recklessly expansive NATO military assistance to Kyiv, have ...
Republican Senators Introduce Bill to Scrap Last Nuclear Arms Treaty With Russia
Post Date: 2023-05-22 18:44:54 by Charles_Byrd
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Sen. Tom Cotton (R-AR) introduced a piece of legislation last week that would formally accuse Russia of violating New START and call on the US to withdraw from the treaty. New START is the last nuclear arms control treaty remaining between the US and Russia and places limits on the deployment of nuclear warheads and launchers. Russia suspended its participation in the treaty earlier this year but has said it will continue to abide by its limits. Click for Full Text!
Trump tears into ‘The View’ co-host, ex-aide Alyssa Farah Griffin in online tirade: A 'sleazebag' and 'loser'
Post Date: 2023-05-22 18:42:47 by Charles_Byrd
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Former President Trump unloaded on his former staffer and "The View" co- host Alyssa Farah Griffin in a social media post on Saturday, calling her a "sleazebag," and "loser" after she criticized his performance in CNN's town hall. "Backbencher in the Trump Administration, Alyssa Farah, like so many other sleazebags, had only glowing reviews of the Trump Administration until long after she left," Trump posted on Truth Social. " A loser then, and a loser now!" Click for Full Text!
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