(Jim Hoft) Joe Biden’s first action as president was to shut down construction of the Keystone Pipeline and eliminate an estimated.52,100 American jobs in the process.
Economy
Supply Chain Issues, Soaring Food Prices Wreak Havoc on US Economy #EmptyShelvesJoe
(Arsenio Toledo) Food prices in the United States have skyrocketed to their highest levels in a decade as compounding supply chain issues continue to wreak havoc on businesses everywhere.
Procter & Gamble Exec Announces Prices of Household Staples Will Be Raised ‘Week After Week’
(Abby Liebing) Allison, a mother from Chicago, told the New York Post that as she sees her grocery bill keep rising, her family is starting to feel the pinch.
“People Are Hoarding” – Supermarkets Are The Next Supply Chain Crunch As Food Shortages Persist
(Tyler Durden) It’s been 19 months since the virus pandemic began, and supply chain disruptions continue, making it more difficult for customers to find their favorite item at supermarkets nationwide. Simultaneously, the psychology of empty store shelves and President Biden’s inability to normalize supply chains forced some people to panic hoard this fall as uncertainty about food supplies mount.
Labor and Energy Shortages: The Cracks in the Economy Are Showing
(Ramon Tomey) The Wuhan coronavirus (COVID-19) pandemic has had a negative impact on the U.S. at large. However, an impending economic collapse – with the economy showing signs of it – is threatening to make things worse. The recent shortages in manpower and energy reported in various parts of the world can attest to this.
Mayor Pete Reassures Everyone Supply Chain Disruption Will Continue – And That’s a Good Thing
(Kyle Becker) Secretary of Non-Transportation Pete Buttigieg is set to go on Eternity Leave while the nation grapples with major supply-chain disruption. But before setting off to cuddle with a baby that he had nothing to do with creating with his same-sex partner, he left us with some consoling words of wisdom about the massive mess he is leaving us. It’s actually a good thing. No, seriously.
American Farmers Are Having Trouble Finding Replacement Tractor Tires Amid Escalating Supply Chain Woes
(Ethan Huff) A new and unexpected problem has emerged in America’s collapsing supply chain that is making it close to impossible for some farmers to continue growing food.
MUST SEE VIDEO: China’s Economic Crisis is MUCH Bigger Than Expected – It’s Property Market, Largest in the World, Is Collapsing
(Joe Hoft) The situation in China is much worse than originally thought. The largest property market in the world is set to collapse and the ramifications will impact the entire world.
Buttigieg Says Higher Prices and Supply Chain Crisis “Will Continue Into Next Year” (VIDEO)
(Cristina Laila) Small town mayor-turned-Transportation Secretary Pete Buttigieg on Sunday said higher prices and supply chain woes will continue into next year.
Are You Prepared For The Mass Repricing Of Goods And Services?
(Tyler Durden) Rising consumer price inflation is not going away. This, of course, is counter to the “transitory” argument made by Federal Reserve Chairman Jerome Powell earlier this year.
China’s Economy Weakens Then Comes COVID, Now China’s Economy is Worse and There’s a Global Shipping Crisis, What’s Next?
(Joe Hoft) The world is waking up to the fact that maybe being dependent upon China for its goods is not such a good idea.
Biden’s Jobless Report Is Proof That the Democrats Are Intentionally Tanking Our Economy
(Jeff Dornik) The latest Jobs Report came out, and (not surprisingly) it was disappointing. Less than 200,000 jobs created in the month of September. Team Biden blames the Delta Variant. The truth is much more sinister.
BIDEN EFFECT: US Government Expects Households to See Heating Bills Jump as Much as 54% This Winter
(Cristina Laila) It will cost Americans a lot more money to keep their homes heated this winter thanks to Joe Biden.
The Inflation Lie: ‘Shortages’ Aren’t Causing It. Money Creation Is.
(Mihai Macovei) For central bankers and mainstream analysts the recent inflation outburst is only a transitory phenomenon which has nothing or very little to do with the massive monetary and fiscal stimuli unleashed during the pandemic. Although the Fed has recently conceded that price pressures are persisting longer than expected, the surge of inflation is allegedly due to supply bottlenecks caused by the pandemic.
Michael Burry, the Famous Investor Behind “The Big Short,” Defends President Trump and Slams Fake News Media in Latest Tweetstorm
(Jim Hoft) Michael Burry, the famous investor behind “The Big Short” warned of rising inflation and a huge market bubble.