(Julian Conradson) As Biden’s Gas crisis kicks into overdrive, setting record highs for 10 straight days, gas stations across the United States are beginning to run out of fuel as prices at the pump continue to rocket upwards. The situation has become so bad in areas like Washington that gas stations are reportedly reprogramming their pumps in order to add an additional number in anticipation of double-digit prices per gallon.
Economy
BIDEN ECONOMY: Stock Market Down Over 1,100 Points on Wednesday – Worst Drop Since 2020
(Joe Hoft) US Stocks fell today in their worst loss since 2020.
They Can Print Money, But They Can’t Print Food
(Michael Snyder) Whenever there is some sort of a major crisis, our politicians normally attempt to solve it by spending money. But in this case, that isn’t going to work. Our leaders can try to throw billions or even trillions of dollars at the global food crisis, and they may even convince themselves that they are making a difference. However, the truth is that they simply cannot create food out of thin air. As I discussed last week, we are facing a worldwide nightmare of epic proportions. Fertilizer prices have spiked to absurd levels, extremely bizarre weather patterns are playing havoc with crop production all over the planet, and the war in Ukraine has caused a growing supply crunch that will not be resolved any time soon. There simply is no “magic wand” that our politicians can wave that will make this problem go away.
Sri Lanka Will Run Out of Fuel This Week, New Leader Says
(Cullen Mccue) The island nation is on the brink of collapse over an existential, years-long economic crisis.
At Least 20 European Gas Buyers Open ‘Rubles-For-Gas’ Account With Gazprombank
(Tyler Durden) Europe’s anti-Russian virtue signaling and harsh language are nothing more than a facade as the number of European companies opening accounts with Gazprombank JSC has doubled as President Vladimir Putin demands rubles for natural gas.
Tried-and-True Tips for Surviving a Turbulent Economy
(Fabian Ommar) First, a disclaimer: this is not financial advice. These are just common-sense, real-life ideas and advice. The world is absolutely crazy, and everything is highly volatile, so I strongly recommend that you dig deeper into the topics of your interest to learn more.
BREAKING: April Inflation Rate Higher than Expected — 8.3% Actual vs. 8.1% Expected – Double Last Year’s Rate
(Jim Hoft) The US inflation rate was released on Wednesday morning. The 8.3% inflation rate was higher than expected at 8.1%.
Ron DeSantis Fights ‘Bidenflation’ With Major Tax Relief Package for Floridians
(Jon Dougherty) Popular Florida Gov. Ron DeSantis has signed a tax relief package aimed at providing Sunshine State residents some economic relief amid a period of major price spikes on everything from food to clothing and gasoline.
It’s Mid-2022 And The Fed Has Still Done Nothing To Fight Inflation
(News Editors) It was last August when Jerome Powell began to admit that inflation just might be a problem. But even then, he was only willing to say that inflation would likely be “moderately” above the arbitrary 2 percent inflation standard. Back in August, low inflation—not high inflation—was still perceived to be the “problem.” But things had certainly changed by late November when Powell was forced by reality to retire “transitory” as the preferred adjective to describe price inflation. At that point, the Fed began strongly hinting that it would finally do something to rein in price inflation. But exactly when that might happen remained anyone’s guess.
BIDEN ECONOMY: Recesssion Looming – US GDP Down 5 Months in a Row – Last High Was in October 2021
(Joe Hoft) The Gateway Pundit reported one month ago on April 4th that the US economy was contracting and in the early stages of a recession. Today’s numbers show that the US GDP is down five months in a row with the last high in October 2021.
Food Shortages In Six Months – The Globalists Are Telling Us What Happens Next
(Tyler Durden) In mid 2007 the Bank for International Settlements (The central bank of central banks) released a statement predicting an impending “Great Depression” caused by a credit market implosion. That same year the International Monetary Fund also published warnings of “subprime woes” leading to wider economic strife. I started writing alternative economic analysis only a year earlier in 2006 and I immediately thought it was strange that these massive globalist institutions with far reaching influence on the financial world were suddenly starting to sound a lot like those of us in the liberty movement.
“Never Let a Crisis Go to Waste” – Samantha Power Celebrates Fertilizer Shortages That will Force Farmers to Transition to “Natural Solutions” (VIDEO)
(Cristina Laila) Samantha Power, Joe Biden’s administrator of the US Agency for International Development (USAID), on Sunday said countries outside of Ukraine are feeling “huge cascading effects” of Putin’s war through “spiraling food prices.”
As Economy Contracts, Biden Considers Canceling Student Loan Debt
(The Center Square Staff) President Joe Biden is considering canceling student loan debt for millions of Americans, a move critics say could increase inflation and further exacerbate the nation’s economic woes.
Basic Solutions To Our Economic Problems That Establishment Elites Won’t Allow
(Brandon Smith) I think one of the great misconceptions about economic crises is that solutions are always dependent on centralized government action. In truth, most financial disasters are actually caused by too much government action and involvement. Central banks like the Federal Reserve are also primary culprits; as I outlined in last week’s article their machinations, which are independent of government oversight, fall into the category of deliberate sabotage. The Fed bankrolls corruption through fiat money creation while government officials and corporations utilize that money to wreak havoc on our living standards.
Maxine Waters Paid Daughter Another $24k In Campaign Cash, Adding To $1.2M In Previous Payments
(Martin Walsh) California Democrat Rep. Maxine Waters paid her daughter another $24,000 in campaign cash during the most recent quarter.