Monday, June 21, 2021

Another Inflation Warning: Import-Export Prices Rise Faster Than Expected

by Peter Schiff, Schiff Gold:

In another sign of rapidly accelerating price inflation, import-export prices rose much faster than expected in May.

Import prices were up 1.1% month-on-month in May, and the Labor Department revised April’s increase from 0.7% to 0.8%. Projections for May were for a 0.7% increase. The actual number was higher than the high end of estimates.

It was the seventh monthly gain in import prices, bringing the year-on-year increase to 11.3%. That marks the largest rise since September 2011.

Medical establishment attempts to MEMORY HOLE “natural immunity” while post-vaccine outbreaks strike cruise lines and hundreds of doctors

by Mike Adams, Natural News:

In the latest insane push for vaccine fanaticism at the expense of legitimate science, the medical establishment is now trying to memory hole any mention of “natural immunity” in previous pandemics, hoping that humanity will forget about the very existence of the human immune system. The only route to immunity, according to corrupt, quack science “officials” like those from the CDC, FDA and WHO, is to receive a vaccine injection. Thus, natural antibodies don’t count, they claim.

World Bank Refuses To Support El Salvador Bitcoin Rollout, Citing Environmental Concerns

by Ian Haworth, Daily Wire:

Citing environmental concerns, The World Bank rejected a request from El Salvador to help implement the use of Bitcoin as legal tender.

According to the BBC, the “international lender” also “cited concerns over transparency,” indicating that El Salvador may struggle to meet its deadline of accepting Bitcoin throughout the country within the next three months.

5TH EXEC JOINS MODERNA BILLIONAIRE CLUB — AS STOCK PRICE SOARS DESPITE GROWING NUMBER OF INJURY REPORTS

from The Waking Times:

For the fifth time since the onset of the COVID pandemic in early 2020, the skyrocketing price of Moderna stock has produced a billionaire.

Moderna President Dr. Stephen Hoge is the company’s latest shareholder and executive to join the “three-comma-club” — with an estimated $1.1 billion fortune.

Other club members are CEO Stéphane Bancel, chairman and cofounder of Noubar Afeyan, founding investor Timothy Springer and cofounder Robert Langer, Forbes reported.

Four News Events That Could Drive Bullion Demand

by Clint Siegner, Money Metals:

The halfway point of the year is quickly approaching. Dwindling confidence and concern over the direction of the country along with rising inflation expectations continue to drive strong demand for physical gold and silver. That trend appears set to continue through the second half of 2021.

Here are a few big stories with the potential to drive bullion buying in the months ahead.

Biden EU Disaster Trip, Vax Updates, Fed Stokes Inflation

by Greg Hunter, USA Watchdog:

Vice President Biden went to Europe this week for the G-7 and a big meeting with the person Biden called a “killer” aka Vladimir Putin, President of Russia.  The G-7 meetings the public was allowed to see showed a weak and mentally lacking Biden.  He had cheat sheets to remind him to blame Trump for everything.  (I kid you not.  There are photos.) His handlers shouted down reporters asking off-script questions, and Biden even started calling President Putin by the name Trump and caught himself mid-word.  Biden was exposed as the incompetent and illegitimate imposter, and America suffered for it.  President Putin stuck it to Biden in an interview where he called Trump “talented” and “extraordinary” unlike “career man” Biden.  Ouch!!!!  In short, VP Biden’s trip was an unmitigated disaster for “We the People.”

Fed Will Foolishly Continue QE Purchases in Search of Higher Inflation

by Mish Shedlock, The Street:

The Fed held interest rates pat and participants expect earlier hikes, but the Fed will not taper its asset purchases.

The Fed’s Monetary Policy Projections shows the Fed expects to hike by the end of 2023. In March, the median projection was no hikes until 2024.

USA ON REVERSE REPO POOL ACCELERATES ANOTHER $230 BILLION UP TO $756 BILLION AS MONEY MARKETS ARE BROKEN

by Harvey Organ, Harvey Organ Blog:

BIS ORCHESTRATE MASSIVE RAID ON GOLD WITH GOLD DOWN $83.10 TO $1776.90 AND SILVER DOWN $1.86 TO $25.86//GOLD STANDING AT THE COMEX:71.365 TONNES//SILVER STANDING: 14.495 MILLION OZ//CORONAVIRUS UPDATE//VACCINE UPDATES//IVERMECTIN UPDATES//USA ON REVERSE REPO POOL ACCELERATES ANOTHER $230 BILLION UP TO $756 BILLION AS MONEY MARKETS ARE BROKEN//UNEMPLOYMENT BENEFITS IN USA ROSE AGAIN THIS WEEK//SWAMP STORIES FOR YOU TONIGHT