Saturday, October 16, 2021

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JP Morgan Chase CEO Worried About Higher Than Expected Inflation

by Peter Schiff, Schiff Gold:

With CPI data once again coming in hotter than expected, it’s getting harder and harder for the mainstream to swallow the “transitory inflation” narrative.

And some people are starting to worry.

During an earnings call, JPMorgan Chase CEO Jamie Dimon expressed concerns about higher than expected and persistent inflation ahead.

Dimon told analysts and investors that year-over-year inflationary readings under 4% are “unlikely” over the next six months.

We prepare for probabilities and eventualities. And one of those probabilities is that [inflation] might go higher than people think.”

In fact, the yearly reading has been above 5% for five straight months, and if you annualized the inflation rate through the first three quarters, you come out with a 6% inflation rate.

We Are On The Verge Of Seeing Widespread Institutional Breakdowns Throughout Our Society On A Massive Scale

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by Michael Snyder, End Of The American Dream:

As a country, we have never been through anything like this before.  In the months ahead, millions upon millions of highly qualified people are going to be forced out of their jobs because of federal, state and local mandates that will soon be implemented.  If you think that this is a good idea, you are crazy.  How will you feel if there is a fire in your neighborhood and your home burns down because there weren’t enough firefighters?  Or how about if you have a heart attack but you have to wait three hours for an ambulance because there aren’t enough first responders?  Those are just two examples of the nightmares that communities all over America will soon be facing as we witness widespread institutional breakdowns on a massive scale.  Many had been hoping that politicians would start backing down once they realized the implications of what they were doing, but that hasn’t happened.  So in the middle of the most epic worker shortage in U.S. history we are about to see millions upon millions of dedicated American workers be ruthlessly terminated.  What our politicians are doing is morally wrong, and it is going to be absolutely disastrous.

The Amazing Explosion of New Businesses Continues as Americans Strike Out on their Own

by Wolf Richter, Wolf Street:

And my 2 cents about the high “failure rates” of new businesses, being a small-business owner myself.

New business formations, based on applications for an Employer Identification Number (EIN) with the IRS, exploded in June and July last year, then zigzagged up and down, and then this year exploded again and remained far above the historical range.

In September, 431,381 EIN applications were filed with the IRS, 49% above September 2019, and at the same red-hot level as September last year, according to data released by the Census Bureau today. For the first nine months of the year, EIN applications were up by 58% from the same period in 2019:

It’s Obvious What Phase-2 of Biden’s Private Sector Vaccine Mandate Will Include Yet Everyone Seems to Be Ignoring It

from The Conservative Treehouse:

If you have followed the natural progression of things…. and if you have taken a good look at what the Biden-aligned EU and Australian vaccine passport mandates cover…. and if you are smart enough to see the difference in the U.S. effort, based on constitutional limitations of the federal government…. then you know exactly how Joe Biden will execute the next phase of vaccine passports without actually implementing a vaccine passport.

Joe Biden almost tweeted it out earlier today [LINK].  I have modified the tweet with the addition of two words (in red) that will tell you what comes next:

Ep. 1627 Zuckerbucks, George Soros And The “Movie Script” – The Dan Bongino Show

from The Dan Bongino Show:

TRUTH LIVES on at https://sgtreport.tv/

Leaving COVID Wonderland

by William Sullivan, American Thinker:

On the Saturday before Labor Day weekend, my son’s football team played its first game in almost two years.  An omnipresent feeling of gratitude could be felt in the air of my little adopted Northern California burg.  The sun was shining, Old Glory was flying, fans were laughing and cheering, and our boys were playing football.  Save the occasional mask, you wouldn’t know there was anything different about this year than any other.

Then, at the end of the game, something silly happened that dragged us all back into COVID Wonderland.  Rather than having the boys line up and shake hands at the end of the game, as usual, both teams lined up on their respective hash marks facing the other and waved from a distance.

Walmart to workers: You’re racists

from WND:

Training program claims U.S. a ‘white supremacy system’

Walmart has a training program for its employees based on the core principles of Critical Race Theory that asserts whites are inherently racist and the United States is a “white supremacy system” designed by white Europeans “for the purpose of assigning and maintaining white skin access to power and privilege,” according to internal documents.

The evidence was obtained from a whistleblower by Christopher Rufo, whose research into the implementation of Critical Race Theory in K-12 schools has fueled protest from parents in school board meetings across the nation.

Video: Fauci Claims No “True Basis” In Concerns Over Long Term COVID Vax Side Effects

by Paul Joseph Watson, Summit News:

Despite there being no long term studies

In another display of ignorance on the science, Anthony Fauci declared Wednesday that there are is no “true basis” for concerns over potential long term side effects of COVID vaccines, despite there being no long term studies to take data from.

While speaking on a virtual call in concert with CDC Director Dr. Rochelle Walensky and U.S. Surgeon General Vivek Murthy, Fauci was asked by a caller if pilots have any ‘valid concerns’ after it was suggested that many are remaining unvaccinated to avoid potential long term side effects that may infringe on their ability to fly.

Observations from A 5,000 Mile Road Trip

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by Corey Lynn, Corey’s Digs:

On September 23rd I set out on a road trip with my family, not just to unplug from reality for a bit, but to have an adventure and explore some places we’ve never been before. Of course, I knew that this long-desired adventure would entail making observations through a totally different lens than I would have five years ago, or even 2 years ago.

We rented a 26’ RV since there were four of us, along with my dog. We wanted to have the comfort while being on the road, and the space to spread out. I had high hopes of writing my thoughts while traveling, but the sheer bumpiness of the ride quickly diminished that hope. Instead, I made mental notes in my mind, and shot many photos along the way. My poor dog was in a state of shock at first, with all of the rattling noises and bumpy ride, but after a few days he began to gel into his dog bed. He was pretty much toast by the time we reached each destination, and looked like this in every pic. But once morning came, he was as excited to explore as we were, and so happy that the whole family was there. My parents were real troopers, and it was nice to hang out with my brother because we are always both so busy working.

An Emboldened, Super-Funded IRS to Target Bank Depositors

by Stefan Gleason, Money Metals:

Insidious plans are afoot in Washington to give IRS officials another $80 billion for auditors and then unleash them on bank account holders.

New, heavy-handed IRS and Federal Reserve controls along with other threats to financial privacy highlight the importance of holding wealth outside the banking system.

This week, Treasury Secretary Janet Yellen appeared on CBS Evening News to defend the IRS’s sweeping plan to track all funds flowing into and out of bank accounts, except for those holding less than $600. Yellen claimed the aim is to combat “tax fraud and cheating” by “high-income individuals.”