(Mark Jeftovic) Only a complete “dictatorship of the proletariat” can kill Bitcoin. Evergrande is being called China’s “Lehman moment” and overnight the PBC closed the loop on their clampdown on crypto with a total ban on virtual currency transactions.
economy
Pelosi On Democrats’ Reckless $3.5 Trillion Spending Spree: “Let’s Not Talk About Numbers & Dollars”
(Leisa Audette) Nancy Pelosi is the poster child for term limits. She represents all that is wrong with D.C. This morning, her elitist tone-deaf delivery was showing during a discussion about the boondoggle $3.5 trillion spreading spree Democrats want to pass. It’s all about “human infrastructure,” and that means a push to socialism for America. Free community college, free daycare, and so many other free government handouts…
Joe Biden Could Owe as Much as $500,000 in Back Taxes For Improperly Using “S Corporations” to Avoid Paying Medicare Taxes on Speaking Fees
(Cristina Laila) For all the noise about Trump’s taxes, it looks like “middle class” Joe Biden, AKA, “The Big Guy,” is the one who improperly avoided paying taxes before being installed in January.
Where Did All The People Go?
(Michael Snyder) Why are companies all over the world suddenly desperate for workers? In my entire life I have never seen anything like this. When the labor shortage started in the United States, a lot of people blamed overly generous government handouts, but that doesn’t explain why the exact same thing is happening in nation after nation all over the globe. There aren’t enough factory workers, there aren’t enough truck drivers, there aren’t enough port workers, there aren’t enough employees to properly staff our stores, and the shortage of doctors and nurses is becoming a major crisis in some areas. During normal times, we were always told that the global economy was not producing nearly enough jobs for everyone, but now for the very first time we are facing an enormous worldwide labor shortage. It is almost as if millions upon millions of people suddenly disappeared from the system.
Crash: Dow Plummets More Than 500 Points at Monday Open, Following Three Straight Weeks of Losses
(Sophie Mann) Asian markets are in turmoil and the Federal Reserve has investors nervous
Is Biden Trying to Collapse the US Dollar? Current Actions Indicate He’s Handing the Dollar Over to International Entities Like the IMF (VIDEO)
(Joe Hoft) This very well put together video explains three actions that are in place that will result in the collapse of the US dollar along with massive inflation and the ultimate handover of American currency to international entities like the IMF.
Pay-by-Palm: Just an Innocent Technology to Make Life Easier?
(Aden Tate) Looks like the folks at Amazon have taken up palm reading with the recent rollout of Amazon One, a pay-by-palm technology.
‘Social Responsibility,’ ESG Scores, and China’s Social Credit System
(Jack McPherrin) Corporate Social Responsibility, ESG Scores, and China’s latest foray into totalitarianism via its recently introduced Social Credit System share significant commonality. Each system engenders the same erosion of individual liberty via the propagation of a singular “morality” unilaterally determined by an authoritarian overseer. That the governance structure surrounding the former is made up of economic elites operating from a relatively free society, while the latter is made up of high-ranking governmental officials in a significantly less free society, is immaterial.
China Cracking down on Content That “Bad Mouths” Its Economy
(Franz Walker) China is cracking down on commercial platforms and social media accounts that post finance-related information that “bad-mouth” the country’s economy.
A Conservative Climate Expert’s Answer to Global ‘Lukewarming’: Grow the Economy
(Natalia Mittelstadt) Since 1980, damage and deaths per capita as a result of weather have dramatically dropped, says Patrick Michaels, former state climatologist of Virginia.
As Inflation Skyrockets in the US, Russia and Saudi Arabia Sign Agreement Ending the ‘Petrol Dollar’, Putting the US Dollar and Economy at Even Higher Risk
(Joe Hoft) With inflation rocketing skyward, Russia and Saudi Arabia sign deal to end
Grocery Prices Skyrocket 31 Percent in One Year as Lockdowns, Drought and Money Printing Unleash Food Inflation
(Mary Villareal) Food prices in July were up 31 percent from the same month in 2020, according to the United Nations Food and Agriculture Organization. This rise is fueled by supply chain disruption and extreme weather conditions.
Destroying the Economy – Democrat’s Hope to Pass $5.4 Trillion in New Spending And Yet the Debt Limit Is Not Addressed
(Joe Hoft) The Democrats are planning to pass $5.4 trillion in new spending this week and yet the debt ceiling is busted and inflation is sky-high.
Venezuela’s Central Bank Will Launch Digital Currency Oct. 1 to “Stabilize the Economy”
(J.G. Martinez) I have been home for over two months now, and I have only acquired four banknotes of 500,000 Bolivares each. Finding cash is a pain. I went to see if the bank could unlock my old account. Unfortunately, there is no way, and I will have to open a new one. And wait for God knows how much time for something as simple as an ATM card. The wait can be months in this small town.
Yes, Prices for Food Are Rising Steady As Inflation in the Biden Era Starts to Run Rampant: Here’s How We Know
(JD Heyes) Americans didn’t hear much about inflation during the previous administration because prices for food and commodities weren’t out of sync with rising wages that all demographics enjoyed under President Donald Trump’s kick-butt economy.