Sunday, July 25, 2021

While Fed Blows Off Inflation, Hawkish Bank of Russia Shocks & Awes with Rate Hikes, Sees “Persistent” & “Prolonged” Inflation

by Wolf Richter, Wolf Street:

But the US and Russia have similar red-hot inflation rates.

In Russia, the official rate of inflation was 6.5% in June. In the US, the official rate of inflation as measured by CPI was 5.4% in June. The CPI-W, which is used for the cost-of-living-adjustments to Social Security payments, was 6.1%. You see, there is barely any difference in inflation between Russia and the US.

The Bank of Russia sees the “persistent factors” to inflation, and it has therefore been cracking down on inflation. The Fed has decided to be in official denial about the persistent factors, is brushing them off as “temporary,” and is letting inflation rip.

French hospital goes on INDEFINITE strike to protest Covid-19 vaccination mandate

from RT:

The staff of the hospital in Montelimar, in the French department of Drome, have gone on indefinite strike to protest the new rules demanding they take a vaccine against Covid-19 by mid-September or face losing their jobs.

The strike against “forced vaccination” was announced on Thursday by the CGT-GHPP trade union, and affects some 200 doctors and 1,500 nurses in the southeastern French city.

Hundreds of them gathered outside the hospital on Friday, denouncing lockdowns and vaccine mandates and chanting “liberté!” (freedom).

Dubai Makes Artificial Rain With Drones That Shock Clouds

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from ZeroHedge:

The United Arab Emirates (UAE) uses drones that fly into clouds and deliver an electric shock to “cajole them” into producing precipitation amid dangerous heat waves regularly surpassing triple digits.

According to Daily Mail, UAE’s National Center of Meteorology (NCM) is flying drones equipped with electric-charge emission instruments that deliver an electric charge to air molecules, which generally encourage precipitation.

CNN: Segregate Unvaccinated, Make Them Pay For Tests Every Day

by Paul Joseph Watson, Summit News:

“Experts” suggest getting “very aggressive” with those who choose not to get vaccinated

CNN continued its wall to wall broadcasts calling for unvaccinated people to be punished, with analysts again calling for those who haven’t gotten the COVID shots to be segregated from society and forced to pay for tests every single day.

First up was CNN’s resident medical health “expert” Dr. Leana Wen who called for vaccine passports and forever masking.

“I think it depends on the circumstance,” Wen said, explaining “So if you’re going to the grocery store, and the grocery store doesn’t have the capacity to enforce some kind of proof of vaccination, then they have to say that indoor masking needs to apply, because we don’t know who’s vaccinated and who’s not.”

After JPMorgan Chase Admits to Its 4th and 5th Felony Charge, Its Board Gives a $50 Million Bonus to Its CEO, Jamie Dimon

by Pam Martens and Russ Martens, Wall St On Parade:

The unthinkable is happening with alarming regularity at the Frankenbank JPMorgan Chase. Over the last seven years, with Chairman and CEO Jamie Dimon at the helm, JPMorgan Chase has managed to do what no other federally-insured American bank has managed to do in the history of banking in the United States. The bank has admitted to five separate felony counts brought by the U.S. Department of Justice, while regulators took no action to remove the Board of Directors or Jamie Dimon.

Now, once again, the outrageous hubris of this Board is on display. Just last fall the bank forked over $920 million of shareholders money to settle its fourth and fifth felony counts brought by the Department of Justice, this time for rigging the precious metals and U.S. Treasury market. Now, in the dog days of summer, rarely a time for bonuses on Wall Street, the JPMorgan Chase board announced on July 20 that it is giving Dimon 1.5 million stock options which, according to a specialist cited at Bloomberg News, have a total value of $50 million on paper.

Biden Responds To Question About Defunding Police By Asking About Democrats ‘Sucking Blood Out Of Children’

by Jordan Lancaster, The Daily Caller:

President Joe Biden asked Daily Caller reporter Shelby Talcott to determine if Republicans believe Democrats are vampires who suck the blood out of children.

Talcott asked Biden about some Democrats’ support for defunding the police after Wednesday’s town hall, where the president said that Republicans who say Democrats are in favor of defunding the police are “lying.”

‘It’s time to start blaming the unvaccinated’: Gov. Ivey on rise in COVID-19 cases, low vaccination rate

by Phil Pinarski, CBS42:

BIRMINGHAM, Ala. (WIAT) — On Thursday, Alabama Gov. Kay Ivey addressed concerns about the recent rise in COVID-19 cases in the state and its low vaccination rate.

In the last two weeks, the state has seen over 9,900 cases of COVID-19. In Jefferson County alone, over 1,000 new cases have been reported.

Health officials and the governor herself site the low vaccination rate as a major hurdle in trying to combat the virus and the new, highly contagious Delta variant.

IT’S NO TIME TO BE NORMAL

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from The Waking Times:

These times of the new normal are not normal times at all. Psychoanalyst Joyce McDougall coined the term normopathy to connote an excessive—and pathological—attachment and adaptation to conventional social norms. English psychoanalyst Christopher Bollas has coined a term with a similar meaning – normotic, which seems to be a variation of and play on the word neurotic. Not having developed an independent sense of self, people who are normopathic or normotic have a neurotic obsession with appearing normal, to fit in – they are abnormally normal. At the bottom of this malady is an insecurity of being judged and rejected. Normotics are overly concerned with how others view them, rendering them afraid to creatively express their unique individuality (which remains undeveloped as a result), which results in being afraid of participating in the call of their own individuation. As Jung counsels, we should be afraid of being too healthy-minded, as, ironically, this can easily become unhealthy.

New Video Alleges Strange Object Detected In Vaccinated Blood Under Microscope, Graphene?

from Tim Truth:

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

Market Report: Swaps can’t close their bears in gold

by Alasdair Macleod, GoldMoney:

As can be seen in our headline chart, the gold price has gently climbed for a month now. Silver held its level until this week, when it sold off sharply and is yet to recover its poise. This morning, gold was at $1802, down $9 from last Friday’s close, and silver was trading at $25.20, down 40 cents on the same timescale.

Silver dipped as low as $24.75on Wednesday, the lowest since mid-April. The physical shortages have eased, with SLV’s inventory declining by 2.7 million ounces since the end of June. There is little doubt that the RobinHood ramp of a few months ago has a sting in its tail, having created stale bulls who are now selling.

America Is Only One Step Away From A South African-Style Social Implosion

by Brandon Smith, Alt Market:

On the global news front I have been watching one event with special attention, mainly because it seems like almost no one else is – I am speaking of course about the social and economic collapse in South Africa that has been escalating over the past couple weeks. What is strange to me is that certain parallels between South Africa and the US are being summarily ignored.

Basically, the South African situation is a more exaggerated version of what is happening in America, and we need to consider if it is merely a preview of future events as the extra financial protections in the US begin to fall away.