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International Man: The Social Security Administration recently announced an 8.7% cost of living adjustment for next year. That's the largest increase in over 40 years.
If you live in a major urban area, you may have noticed that "tent cities" are starting to pop up all around you. The worst inflation crisis in decades has combined with the worst drug crisis that we have ever seen to create an unprecedented hom
"... rising interest rates are creating a major barrier to entry for car shoppers."
Back to 2019 levels!
International Man: The Social Security Administration recently announced an 8.7% cost of living adjustment for next year. That's the largest increase in over 40 years.
There was a remarkable moment during today's Jay Powell post-FOMC presser, which revealed once again just how out of touch the Fed is when it comes to correctly evaluating the broader economy.
They are trying really hard to convince all of us that everything is just fine. But close to one-fifth of the U.S. population is skipping meals because food prices are too high.
Artificially low interest rates blew up a big housing bubble. In a podcast, Peter Schiff explained that it is actually a bigger bubble than the one preceding the 2008 crash. But this time, it is combined with an overall bubble in the entire economy t
It's the third-highest rate since I bonds were introduced in 1998, and investors may lock in this rate for six months by purchasing anytime before the end of April.
Speaking on Oct. 27 at the Valdai International Discussion Club, Russian President Vladimir Putin questioned the sanity of those who would "spoil relations with China at the same time they are supplying billions-worth of weapons to Ukraine in a fight
Host:
Ernest Hancock
Tim Picciott (The Liberty Advisor) gives the Economic Report; Federal Reserve and the coming digital currency (CBDC's), inflation, precious metals, cryptos, etc...
Endangered freedom: Communist China is buying up American infrastructure, land and assets: check out these examples
An unsettling survey by the Nationwide Retirement Institute® found that the economic crisis is starting to have daily effects on Americans. Millions of people are now skipping meals, forgoing prescription medication, buying less nutritious food, an
Two bombshell reports by the Associated Press and Washington Post Monday and Tuesday have confirmed that the United States has boots on the ground in the Ukraine conflict.
"If they don't, they're going to pay a higher tax on their excess profits and face other restrictions," he said in remarks from the Roosevelt Room at the White House, flanked by Treasury Secretary Janet L. Yellen and Energy Secretary Jennifer M. Gran
US gasoline prices rose for the first time in 16 days, potentially posing a political challenge for the Biden administration ahead of elections even as it casts a spotlight on Big Oil's massive profits.
There has long been a cottage industry of telling Americans they don't save enough. One of many Wall Street Journal articles in this genre, for instance, was Kelly Greene's "Workers Saving Too Little to Retire."
Anyone who doesn't believe Communist China wants to own & control America isn't paying attention.
In this brief yet engaging discussion with Jim Lewis and Ivan Bayoukhi of Wall Street Silver, Matterhorn Asset Management principal, Matthew Piepenburg, addresses further evidence of the U.S. Fed's undeniable distortion of basic capitalism, social
HOW THE DIESEL CRISIS WILL IMPACT YOUR LIFE- 24 DAYS TO GO!
Boots on the Ground...Oct. 28th...Prices are going up monthly...No end in sight for higher prices.
In the spring of 1980, Paul Volcker did engineer a mini-recession but it didn't put a dent in the inflation momentum.
Home price growth of the sort we've seen in recent years simply cannot be sustained without a continued commitment to easy money from the central bank, and it shows.
Tech companies led the way for the U.S. economy over the past decade and buoyed the stock market during the worst days of the coronavirus pandemic. Now, amid stubborn inflation and rising interest rates, even the biggest giants of Silicon Valley are
We have been saying the Federal Reserve is bluffing in this inflation fight because it is holding a losing hand. And Peter Schiff thinks the central bank has folded with a soft pivot. He explained why on his podcast.
We are seeing delinquencies rise before the layoff cycle begins.
The oil war between the United States and OPEC has begun. And unfortunately, there will likely be casualties in the form of our wallets being pinched again.
Markets throw all manner of things, and expletives, at the charge led by the Fed's 75bp strides: but as the inflation-fighters are united, they have strength in numbers.
We have reached a point where nearly two-thirds of all Americans are living paycheck to paycheck.
"President" Joe Biden described the U.S. economy as, "Strong as hell," in a recent sound bite. No one except his most ardent supporters, a vanishingly small number in reality, believes that.
