Monday, January 17, 2022

Biden Admin Causing ‘A Massive F*** Up’ For Private Evac Flights Out Of Afghanistan, Organizer Says

by Tim Pearce, Daily Wire:

The Biden administration is hampering private groups attempting to evacuate people from Afghanistan, according to people organizing charter flights out of the country.

Former GOP Virginia Rep. Scott Taylor and Washington lobbyist Robert Stryk are working together to airlift Americans and others out of Afghanistan through charter flights. Both accuse the Biden administration of failing those stranded in Afghanistan by refusing to escort people through Taliban checkpoints and into Kabul’s Hamid Karzai International Airport, according to The Daily Caller News Foundation.

In a Hypocritical Letter to the FTC, Biden Accuses Oil Companies of Illegal Price Gouging

by Mish Shedlock, The Street:

Biden moans to the FTC about mounting evidence of anti-consumer behavior by oil-and-gas companies.

When All Else Fails, Moan About Oil Companies

White House Chief of Staff, Ronald Klain, posted this Tweet.

Ep. 1658 The Ugly Ghislaine Maxwell Trial Details – The Dan Bongino Show

from The Dan Bongino Show:

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

First Down Payment on a Boondoggle

by Jim Rickards, Daily Reckoning:

Thirteen Republican congressmen crossed the aisle late Friday night to help pass a $1.2 trillion infrastructure bill. The original proposal was $2.3 trillion, so some Republicans consider it a victory.

But it creates programs that will likely remain in place once the bill’s spending authorization expires in five years. Like Ronald Reagan said, “Nothing lasts longer than a temporary government program.”

And at 2,700 pages, you can be sure there’s plenty of wasteful pork in it. Only about one-third of that money goes toward actual infrastructure such as bridges, tunnels, roads and airports.

Market Report: Sell-off over?

by Alasdair Macleod, GoldMoney:

In last Friday’s market update I pointed out that the factors driving precious metal prices lower probably had further to run, with the bullion banks trying to manage the market ahead of the year end, when trading profits for the year are determined. A further sell off did transpire but following the release of the FOMC minutes on Wednesday gold and silver rallied off their lows.

This morning, gold was trading at $1808 in London up a net $25 from last Friday’s close, having traded as low as $1753 on Wednesday. Silver is up 45 cents at $22.60 over the same time frame, having dipped to $21.45. Volume in both Comex contracts slowed to a crawl ahead of the FOMC minutes, picking up noticeably yesterday.

Incomes Got Chewed Up by Inflation. Americans Spent Heroically on Goods, But Not on Services. Eviction Moratoriums & Forbearance Implicated

by Wolf Richter, Wolf Street:

Millions of people didn’t spend on two big services: rent and interest. How spending got skewed in bizarre ways.

Before taking inflation into account, personal income from all sources – from wages, interest, dividends, rental income, transfer payments such as unemployment compensation, stimulus checks, and Social Security benefits, etc. – rose by 0.2% in August from July.

But after taking inflation into account, it’s uglier: Inflation-adjusted – or “real” – personal income fell by 0.2% in August from July, to an annual rate of $17.8 trillion (in 2012 dollars), according to the Bureau of Economic Analysis on Friday.

Chinese Gold Market Continues Post-Pandemic Recovery

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by Peter Schiff, Schiff Gold:

The Chinese gold market continues to show signs of recovery after it was hit hard by the coronavirus pandemic.

Chinese gold demand rebounded sharply in the first half of 2021 after plummeting in 2020, and imports remained strong in July, above 2019 levels, according to the latest data from the World Gold Council.

China ranks as the world’s largest gold consumer.