from Arcadia Economics:
TRUTH LIVES on at https://sgtreport.tv/
by Geoffrey Grinder, Now The End Begins:
by Jamie Redman, Bitcoin:
Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions” as soon as possible so dishonorable crypto businesses are avoided.
by Harvey Organ, Harvey Organ Blog:
CPI NUMBERS FROM GOVERNMENT TODAY, A RED HOT 5% PER ANNUM (REAL NUMBERS: CLOSER TO 12%)/CPI SPARKED GOLD AND SILVER A LITTLE: GOLD UP $1.40 TO $1893.50//SILVER ADVANCED TO THUNDEROUS APPLAUSE GAINING ONE CENT//STRONG QUEUE JUMP IN GOLD AS NEW STANDING 70.29 TONNES//SILVER AT 13.025 WITH A SMALL QUEUE JUMP//CORONAVIRUS UPDATES/VACCINE UPDATES/IVERMECTIN UPDATES//A LITTLE LATE BUT THE G7 CALL FOR A FRESH PROBE INTO THE ORIGINS OF THE COVID (A JOKE)//MONGOLIA HAS A BIG OUTBREAK OF COVID WITH THE DELTA STRAIN THE LIKELY SUSPECT//ALEX BERENSON NOTES FOR THE FIRST TIME: MYOCARDITIS IN TEENS AFTER VACCINE JABS//15 MILLION AMERICANS STILL ON THE DOLE//INFLATION WATCH: MICHAEL EVERY AND DR. DANIEL LACALLE/SWAMP STORIES FOR YOU TONIGHT
Justin Robert from We Are Change
by Wolf Richter, Wolf Street:
New York Fed’s Williams prepares markets for “technical adjustments” to the Fed’s “administered interest rates” to get a handle on this phenomenon.
The Fed sold a record $503 billion in Treasury securities this morning via overnight “reverse repos” (RRP) to 59 counterparties, and thereby took in $503 billion in cash from the counterparties. These overnight RRPs will mature and unwind tomorrow. Yesterday’s record $497 billion in overnight RRPs matured this morning and were replaced by this new and even larger flood.
by Brianna Lyman, The Daily Caller:
A mother who fled Mao Zedong’s communist China slammed Critical Race Theory (CRT) during a Loudoun County School Board meeting in Virginia on Tuesday night.
“I’ve been very alarmed at what’s going on in our schools. You are now teaching, training our children to be social justice warriors and to loathe our country and our history. Growing up in Mao’s China, all this seems very familiar,” the impassioned mother tells the school board. “They are [a] Communist regime use the same critical theory to divide people. The only difference is they use class instead of race.”
by Charles Hugh Smith, Of Two Minds:
We’re getting a real-world economics lesson in rip-your-face-off increases in prices, and the tuition is about to go up–way up.
Inflation will be transitory, blah-blah-blah–I beg to differ, for these reasons. There are numerous structural sources of inflation, which I define as prices rise while the quality and quantity of goods and services remain the same or diminish. Since the word inflation is so loaded, let’s use the more neutral (and more accurate) term decline in purchasing power: an hour of your labor buys fewer goods and services of lesser quality than it did a decade ago or a generation ago.