(Ramon Tomey) A new report revealed that the family of House Speaker Nancy Pelosi (D-CA) has had many business deals with China. This is a stark contrast from Pelosi’s earlier stance, which was critical of the Chinese Communist Party (CCP).
Economy
How People Around The World Feel About Their Economic Prospects
(Activist Post) Each year, the Edelman Trust Barometer report helps gauge the level of trust people place in various systems of power.
Outrage as Biden Gives Soros Nonprofit $164 Million to Help Criminal Migrants Beat Their Cases
(Warner Todd Huston) Even as the White House claims that Joe Biden is not soft on crime, it has been reported that his administration has the potential to give nearly $200 million to a Soros-linked group to help criminal illegals escape punishment.
Money Printing Is DESTROYING America’s Dollar
(Aden Tate) Let’s start with this: over the course of the past two years alone, the Federal Reserve has printed approximately 80% of the US dollar supply. The money printing machines must be running around the clock.
Once the Richest Man in Asia, China Evergrande’s Founder Hui Ka Yan, Now Watches as His Company Faces Insolvency
(Joe Hoft) The Evergrande crisis continues.
Getting Professional Medical Care After an Economic or Societal Collapse
(J.G. Martinez D) One of the main concerns of the responsible caregiver/parent is to protect the health and well-being of our loved ones. And a large part of our ability to do that derives from our ability to get proper medical attention. In a SHTF situation, this is even more important. Do you know how to get professional medical after an economic collapse? Do you know what to do?
Biden Economy: Oil Trader Warns National Average for Gas Could Hit $5 Per Gallon
(Joshua Caplan) Appearing Thursday on the Fox News Channel, oil trader and network contributor Phil Flynn warned that President Joe Biden’s energy policies and a potential conflict between Russian and Ukraine could lead to a national average gas price of $5 per gallon.
Visualizing The $94 Trillion World Economy In One Chart
(Zero Hedge) Just four countries – the U.S., China, Japan, and Germany – make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. In fact, as Visual Capitalist’s Dorothy Neufeld notes, the GDP of the U.S. alone is greater than the combined GDP of 170 countries.
Biden’s Lawless WH: Energy Sec Granholm Failed to Report $240,000 Worth of Stock Trades for Months
(C. Douglas Golden) When Joe Biden was running for president, he promised Americans a transparent administration in the White House. Energy Secretary Jennifer Granholm seems to be one of many who haven’t gotten the message.
Exclusive: Lithuanian MP Says German Companies Bending to ‘Beijing’s Will’ are Destroying the EU Single Market
(Kurt Zindulka) German companies that side with Communist China over Lithuania are effectively destroying the European Union’s Single Market in favour of a “Sino-centric trade system,” a leading MP has told Breitbart News.
Survey: Economic Nationalism Is Most Popular Policy Solution to Inflation
(John Binder) Economic nationalism, centered on reshoring manufacturing back to the United States, is the most popular policy solution to President Joe Biden’s record inflation, most likely voters say.
Shocking Consumer Credit Numbers: US Credit Card Debt Soars Most On Record With Savings Long Gone
(Tyler Durden) While it is traditionally viewed as a B-grade indicator, the November consumer credit report from the Federal Reserve was an absolute stunner and confirmed what we have been saying for month: any excess savings accumulated by the US middle class are long gone, and in their place Americans have unleashed a credit-card fueled spending spree.
Edible Oil Prices Hit Record High As Food Inflation Worries Persist
(Tyler Durden) Edible oil prices continue to surge to record highs amid adverse weather conditions for the world’s oilseed growers, adding to food-inflation worries that will persist through 2022.
The Pain of Public Debt
(Gary Marshall) One of the big arguments against government borrowing comes from James Buchanan, winner of the Nobel Prize in economics in 1986. In his book Public Principles of Public Debt, he argued against government borrowing because he claimed that the public enjoys the benefits of public expenditures while the debts incurred pass along to future generations for settlement. Buchanan surmised that if residents endure no consequences for funds borrowed and spent, little constraint exists to dampen the fiery spending aspirations of government bureaucrats and leaders. It would not be very different from a person indulging every consumptive whim while handing the bill to distant progeny.
Three Major US-Based Retailers That Cashed In On COVID Pandemic Significantly Raise Prices of At-Home COVID Test Kit After Deal With Biden Regime Ends
(Amber Crawford) COVID-19-related shutdowns brought unexpected benefits to Kroger, Amazon, and Walmart. While mom-and-pop businesses across America that relied on foot traffic in their brick-and-mortar stores were forced to close their doors permanently, big box stores were making money hand over fist.