Saturday, June 6, 2020

Inflation Is Back, Part 7: Just Check Out This Chart

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by John Rubino, Dollar Collapse:

Monthly economic readings tend to be full of noise and are therefore unreliable. So it’s best to save the excited assertions for established trends.

The US Consumer Price Index appears to have reached that point:

As most readers probably know, the CPI is widely believed to understate the true rate of inflation because of statistical tricks like hedonic adjustment and substitution. So when this index starts rising you know the real action is even more extreme.

G7 Globalist Fear Trump Trade Reset

from BATR:

President Trump has announced that the U.S. piggy bank will no longer subsidize or be sucked dry to finance a pack of ungrateful allies. Keeping the Socialist EU afloat and putting up with backstabbers like Canada or allowing Japan to roll up massive trade surpluses must stop. The latest rumblings out of the UK are that all efforts are working overtime to nix the will of the Brit public from the Brexit vote. As for corporatists within the United States, the bulwark of opposition to Trump’s push to demand reciprocal treatment from “so called” trading partners means an end to the gravy train of plundering American workers and ripping off a viable domestic economy.

The business press has followed the pseudo political news reporting to trash all things Trump. The unbearable whining from the likes of ‘Free Traders’ Dagen McDowell and Charlie Gasparino on Fox business illustrates that fair and balanced distorts the value of understanding the core reason why our jobs were systematically moved overseas. Such globalists are not reporters. They are sycophants for their corporate masters.

The most successful investor in modern history is selling… here’s what it means for you

by Simon Black, Sovereign Man:

It’s typically pretty hard to find anything exciting to say about drywall.

Yes, drywall… as in, the building material that’s used for interior construction.

Drywall, also known as wallboard, is manufactured from rehydrated gypsum to produce a calcium sulfate plaster, that’s later mixed with mildew-resistant foaming agent. . . hello? Are you still there?

Seriously, though, in this particular case, drywall is a big deal.

Texas Bullion Depository Open for Business; Sets the Stage to Challenge Federal Government’s Monopoly on Money

by Peter Schiff, Schiff Gold:

The Texas Bullion Depository officially opened for business this week. The creation of the facility represents a power-shift away from the federal government and sets the foundation to undermine the Federal Reserve’s monopoly on money.

Countries that stockpile gold create a foundation of stability for their monetary systems. This is precisely why China, Russia, Turkey and several over countries are increasing their gold holdings. But it’s not just countries looking to gold to provide political clout and economic power. Texas recently laid the groundwork for its own gold depository. The reason? To wrest some economic power from the Federal Reserve by bringing some monetary autonomy to the Lone Star State.

U.S. Intelligence Community Wants To Use DNA For Data Storage

by Aaron Kesel, Activist Post:

The U.S. intelligence community wants to unlock more efficient ways to store troves of data humans generate every day, and it believes inside DNA is the storage area, NextGov reported.

The Intelligence Advanced Research Projects Activity last month issued a broad agency announcement seeking research teams for the agency’s Molecular Information Storage program, which aims to create a system for storing vast quantities of data on sequence-controlled polymers, like human DNA.

Critical Tucson Update w/ Oath Keeper’s Stewart Rhodes

from NorthWestLibertyNews:

NOTE: Friends, I have e-mailed Stewart saying, “Partnered” was a very poor choice of words on my part in that video, my apologies. But I do I fear that it’s possible now that there may be a more nefarious “operation” (not the fault of Oath Keepers) to discredit and/or divide, in play down there, just my gut feeling.

Worth How Much? FIFA World Cup Trophy Is Beautiful Plus It’s Made With Lots Of 18K Gold

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from Silver Doctors:

Some trophies are worth a lot of fiat currency, but the FIFA World Cup trophy is on an entirely different level. Here’s the details…

So the 2018 FIFA World Cup gets underway in Russia this week.

Team U.S.A will not be competing, having been eliminated by Trinidad & Tobago last October.

Granted, that’s probably a good thing, you know, with all the Russian spying, hacking, collusion, and all the other evil things that Russia does that forces our Treasury Department to levy sanctions on Russia so much so that we can’t even keep up.

Where Are the Proofs!? #NewQ #QAnon #GreatAwakening

from Neon Revolt:

Okay, I have to first apologize for all the site issues of late. If you’ve been encountering errors and such – yes – I found out the site has been under attack.

If you follow me on Gab, you’ve seen all the status updates, but in short, it looked like a renegade plugin was wrecking things at first, and when that turned out to not be the case, it was determined that a team of bots was attacking the site.

I installed and upgraded countermeasures today, so we’ll see how that all goes, but it was like trying to wrangle a wild beast. It would twist, and I would pull back. It would thrash, and I would rein it in. It would snarl and bite, and I would grit my teeth and hang on.

Has the Tide Turned on Russophobia?

by Phil Butler, New Eastern Outlook:

In his most recent marathon Q & A session with Russian citizens, Russian President Vladimir Putin hit hard and long on the logicality of Russia’s geopolitical position today. The eternal pragmatist, Putin showed renewed confidence and vigor in painting for the audience the reality of the current American strategy. Putin’s professions and a growing anti-America trend may show us a reversal of the tides soon. Here are some key points and indicators from the Russian front.

With Donald Trump on the veritable “tariffs” warpath with world nations, Vladimir Putin did not miss the chance to take a stab at the way America now seems to run roughshod over the rest of the world. Referring to Trump’s new tariffs levied onto neighbors as “sanctions” by another name, Putin said:

“The introduction of US tariffs on steel, on aluminum, not only for Europe but also for Canada and Mexico, are sanctions disguised in other terms.”

WHO’S THE SUCKER?

by Jim Quinn, The Burning Platform:

The two charts below reveal what is going on in the boardrooms of corporate America and on Wall Street, where those in the know are doing what they do best – screwing average American families. The Trump tax cuts are taking full effect. Corporations will pay $60 billion less in taxes this year. It appears they are taking all $60 billion in savings, borrowing another $80 billion from Wall Street, and buying back their own stock at near all-time high prices.

If you thought the narrative about corporations using their tax savings to invest in new facilities and hiring thousands of new employees was going to happen, you haven’t been paying attention to how things work in the real world. Even though corporate GAAP profits have been flat for the last few years, the stock buybacks, funded by low interest debt provided by the Fed, increase the EPS of mega-corporations thereby pumping up the salaries and bonuses of top corporate executives.