Big Macs May Get to $2,000 Before Gold

by Chris Powell, Gold Seek: Dear Friend of GATA and Gold: Despite yesterday’s rather sensational inflation news, inflation isn’t accelerating as much as it is breaking away from the camouflage that long has been thrown over it by the U.S. government and mainstream financial news organizations. Anyone who pays close attention to prices knows, in […]

A euro catastrophe could collapse it

by Alasdair Macleod, GoldMoney: This article looks at the situation in the euro system in the context of rising interest rates. Central to the problem is role of the ECB, which through monetary inflation embarked on a policy of transferring wealth from fiscally responsible member states to the spendthrift PIGS and France. The consequences of […]

$2.7 Billion in Credit Default Swaps Blew Up One Day Before the Fed Launched Its Repo Loan Bailouts in 2019

by Pam Martens and Russ Martens, Wall St On Parade: On September 16, 2019, exactly one day before the Federal Reserve would embark on its first emergency repo loan operations since the financial crisis of 2008, $2.7 billion in credit default swaps (CDS) on a single name blew up. The dealers in those credit default […]

Facebook Facing $3.2 Billion Class Action Lawsuit over Treatment of UK Users

Facebook (now called Meta) is facing a $3.2 billion lawsuit over the alleged exploitation of its UK users. One expert involved in the lawsuit said: “They are exploiting users by taking their personal data without properly compensating them for taking that data. I don’t think the users are entirely clear when they click on the terms and conditions how unfair that deal is.”

Real Wages Plummet as Inflation Hits the US Recovery

The headline 3.9 percent unemployment rate looks positive, but job creation fell significantly below consensus, at 199,000 in December versus a consensus estimate of 450,000. The weak jobs figure should be viewed in the context of the largest stimulus plan in recent history. With massive monetary and fiscal support and a government deficit of $2.77Continue reading “Real Wages Plummet as Inflation Hits the US Recovery”

The Money Supply Grew in November, But the Bigger Trend Is Way Down

Money supply growth rose slightly in November, rising above October’s twenty-one-month low. Even with November’s rise, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During thirteen months between April 2020 and April 2021, money supply growth in the United States often climbed above 35 percent, well above even the “high”Continue reading “The Money Supply Grew in November, But the Bigger Trend Is Way Down”

Inflation is Up 7% in December Reaches Fastest Pace Since 1982

by Mish Shedlock, The Street: For December the CPI rose 0.5%. From a year ago the CPI is up 7.0%, the most since Jimmy Carter. Price Hikes From a Year Ago     • CPI 7.0% • Shelter 6.0% • Excluding Food and Energy 5.5% • Food and Beverages 6.0% • Owners’ Equivalent Rent 3.8% • Medical […]

Global Economy Heading For “Mother Of All” Supply Chain Shocks As China Locks Down Ports

Over the past month, as Wall Street turned increasingly optimistic on US growth alongside the Fed, with consensus (shaped by the Fed’s leaks and jawboning) now virtually certain of a March rate hike, we have been repeatedly warning that after a huge policy error in 2021 when the Fed erroneously said that inflation is “transitory”Continue reading “Global Economy Heading For “Mother Of All” Supply Chain Shocks As China Locks Down Ports”

The Fed Just Guaranteed a Stagflation Crisis in 2022 – Here’s How

from Birch Gold Group: From Brandon Smith I don’t think I can overstate the danger that the U.S. economy is in right now as we enter 2022. While most people are caught up in the ongoing drama of Covid-19, a real threat looms over the nation in the form of a stagflationary tidal wave. The mainstream media is […]

Report: 3,000 United Airlines Employees Call Out Sick with Coronavirus

by Katherine Hamilton, Breitbart: Three thousand United Airlines employees have called out sick with coronavirus, causing more flight cancellations, CNBC reported on Tuesday. The surge in illness comes after CEO Scott Kirby instituted a vaccine mandate for all of his U.S. employees. Those who declined to get vaccinated were either fired or obtained an exemption and were subsequently placed […]

Chinese Authorities Seal Residents’ Doors in COVID-Hit Xi’an, Depriving Them of Food Supplies

from The Epoch Times: Chinese authorities sealed residents’ homes in the city of Xi’an on Jan. 8 because of a COVID-19 outbreak, but didn’t arrange for a reliable food supply, residents say. Now, after being locked down for almost three weeks, they’re lacking in food and are on the edge of mental breakdown. The Chinese regime has claimed […]

Purchasing Power of the Dollar Goes WHOOSH!

by Wolf Richter, Wolf Street: Worst inflation in 40 years is spreading deeper into the economy. The broadest Consumer Price Index (CPI-U) jumped by 0.5% in December from November, and by 7.04% from a year ago, the highest since June 1982, according to data released by the Bureau of Labor Statistics today. But there’s a […]

Vulnerable Democrat Susan Wild Claims 'A Lot of Economic Progress' in 2021 Despite Crippling Inflation

Rep. Susan Wild (D-CA) has continuously claimed there was “a lot of economic progress” in 2021, and the economic crisis is being “greatly exaggerated” despite rising prices, rising inflation, and hiring slowing down across the county.