This entire administration is a massive abuse of power. Across the board.

President Biden has invoked executive privilege to block the release of audio recordings from his interview with Special Counsel Robert Hur, investigating his handling of classified documents. This move has sparked debates over transparency, accountability, and the use of executive privilege in criminal investigations. Critics argue that the use of executive privilege in this case …

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Gold’s Bull Run Is Just Getting Started

These days, between bank runs and debt defaults and trade wars, trust is in short supply. When the global financial system relies on trust to function, we have to ask – without trust, what are we left with From Peter Reagan for Birch Gold Group Right now, one thing that seems to be in short supply …

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Real average weekly earnings since Biden took office

But the stock market broke 40,000! Inflation flattens Americans’ wealth gains under Biden: report The move was widely expected after the PBOC left another medium-term facility rate unchanged last week. Both rates were kept at record lows, as Beijing sought to shore up economic growth by keeping local monetary conditions as loose as possible.The PBOC …

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Maybe people would be willing to work for less than $30 if rent wasn’t so high.

Maybe inflation has something to do with housing supply. But what do I know? A recent report highlighted the ongoing debate surrounding the minimum wage in California. The state recently introduced a $20 minimum wage. https://www.msn.com/en-us/money/smallbusiness/california-s-workers-now-want-30-minimum-wage/ss-BB1mrTtM Sice 2019, U.S. rents have grown 30.4%, while wages have grown 20.2%. Rents have outpaced wages in 44 of …

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42% of $100,000+ earners struggle with buy-now-pay-later payments: The American dream in crisis

In a land once brimming with promise, the American Dream now flickers like a distant star, obscured by the harsh realities of financial struggle and unattainable aspirations. $100,000 income no longer buys the American Dream in most places, per CNBC. — unusual_whales (@unusual_whales) May 17, 2024 About 42% of those with household income of more …

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America is broke folks

With the end of the 2023 debt ceiling suspension fast approaching, experts are sounding alarms about a potential fiscal crisis. The looming election could exacerbate political gridlock, making it harder for Congress to reach an agreement on the debt ceiling. Without a confirmed Treasury Secretary in place, the financial markets and economy face heightened risks, …

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AI eats the web… GOOGLE could accelerate decline of 30+-year-old internet…

Google’s increasing reliance on AI-generated search results is transforming how we interact with the internet. While this shift offers convenience, it threatens the traditional web ecosystem. As AI provides direct answers to queries, web traffic to content creators decreases, potentially undermining the accuracy and richness of future AI data due to reduced human input. Key …

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The Medicare Bubble Has Burst…

The once lucrative Medicare Advantage business, which has been a significant profit driver for health-insurance giants, is experiencing a decline in profitability due to policy changes and increased medical costs. Key points:   Medicare Advantage, a program where the government pays insurers to manage seniors’ care, has seen a drop in profitability due to policy …

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So walking round Manhattan/Brooklyn all times of day and night with young kids is very safe…

So, this man made a post about how bad New York is… https://twitter.com/_/status/1791382902791372996 This woman replied “We walked round Manhattan/Brooklyn all times of day and night with young kids. Never felt safer” We walked round Manhattan/Brooklyn all times of day and night with young kids. Never felt safer. — Urkel Grue (@ccharlie_123) May 17, 2024 …

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‘Stocks are at the highs, vol is at the lows. I’m on the record short small caps. I’m not going anywhere. I think hedging makes sense here.’

Trigger Warning: Chart of the Day: Citi Surprise Index vs SFR9 My hypothesis is that the US economy has begun to slow due to the long and variable lags of monetary policy finally starting to offset the positive benefits that have come from higher government deficits putting… pic.twitter.com/KP9FXPKLqH — Craig Shapiro (@ces921) May 16, 2024 …

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The Credit Card Problem: A Ticking Time Bomb for Gen Z and Millennials, and it’s Only a Matter of Time Before it Explodes

1 out of 7 Gen Z consumers saw their credit maxed out in Q1 2024, according to the New York Fed. This is the highest percentage since the 2020 pandemic lockdown. Meanwhile, 12% of Millennials have utilized over 90% of their credit limit, an even higher share than the pandemic.… pic.twitter.com/6CIE2eO8CR — The Kobeissi Letter …

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Chinese activity data lost some steam and the real estate crisis just got worse.

2/By sector, automobile production remains very strong, followed by electronics… two of the categories targeted by the new US imports tariff hikes. pic.twitter.com/vUmh3zk03r — Patrick Zweifel (@PkZweifel) May 17, 2024 4/Investment spending fell in April, but remains very solid over 3 months (>14% ann.), driven by the manufacturing sector, which benefits from public support for …

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Is the Fed about to make another major screw up?

…due to vehicle insurance at 22.6%. The excuse of rising maintenance and parts have long since passed. This and other rampant services inflation is impervious to higher rates. The Fed are nuts to target something they can't really control, creating unprecedented goods deflation — Albert Edwards (@albertedwards99) May 16, 2024 Another 100 million Fed intervention …

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EU proposes criminalizing speech critical of migration

The European Union is considering legislation to criminalize criticism of migration, with potential penalties for individuals and media outlets that engage in such speech, including the possibility of media shutdowns. ALERT: EU Wants To Criminalize Migration Speech. "Criticism of migration will become a criminal offence" "And media outlets that give room to criticism of migration …

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Gen AI! New Atlas killer robot from Boston Dynamics leaked. $100b OpenAI plan… and new project to TRY to avoid our extinction.

New Atlas robot from Boston Dynamics/OpenAI, leaked $100b OpenAI plan and a new project to avoid our extinction. $100b Slaughterbots. Godfather of AI shows how AI will kill us, how to avoid it. Apr 19, 2024 New Atlas robot from Boston Dynamics and Figure 01 from OpenAI, leaked $100b OpenAI plan and a new project …

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How Powell Destroyed His Inflation War as he Eats the Poor

BY DAVID HAGGITH We have long lived in a Fed-funded Wonderland where financial markets hope for bad news in order to rise because Fed rescues with helicopter cash have come to mean more than good business. Photo by Neil Mark Thomas on Unsplash On May 3rd, I wrote the following about how a recent tiny rise in unemployment …

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Rampant Poverty And Rampant Homelessness Are Fueling Rampant Theft And Rampant Violence In Major U.S. Cities

by Michael The tremendous chaos that is gripping communities all over this country did not emerge out of a vacuum.  For years, poverty and homelessness have been on the rise.  According to a recent report from Harvard University, the number of homeless Americans has increased by almost 50 percent in less than a decade.  Meanwhile, the ranks …

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Sen. Josh Hawley: ‘Cohen has changed his story more than my 3-year-old when she’s in trouble…The longer it goes on, the more Donald Trump goes up in the polls’….Even CNN is saying Cohen is a liar!

Why is Trump facing a felony charge? Vivek breaks it down.https://t.co/X8G7b9CSRa — News Nomad 🗞 (@The_Nomad_News) May 16, 2024 CNN legal analyst: "I don't think I've never seen a star cooperating witness get his knees chopped out quite as clearly and dramatically as what just happened with Michael Cohen." pic.twitter.com/NcghETrUIJ — MAGA War Room (@MAGAIncWarRoom) …

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Gavin Newsom ramps up energy policy, considers state-run refineries

WATCH: California Democrat Governor Gavin Newsom has ratcheted up his war on energy. Newsom appointed Siva Gunda of the California Energy Commission. Gunda just testified that state-run refineries are “on the table.” pic.twitter.com/L93qHOfXcO — Steve Guest (@SteveGuest) May 15, 2024 Refinery capacity is tight because no refinery has been built on American soil since the …

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This tells everything you need to know…

JUST IN: 148 Democrats just voted AGAINST a bill to detain and deport illegal aliens who assault law enforcement officers 🚨🚨🚨JUST IN: 148 Democrats just voted AGAINST a bill to detain and deport illegal aliens who assault law enforcement officers. What’s your reaction? pic.twitter.com/zkJoEUvRNe — TONY™ (@TONYxTWO) May 15, 2024 Black voters fleeing Biden and …

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Egypt Preparing for War with Israel & Hezbollah Launches Airstrike Against Israel

BREAKING: RT, citing retired Israeli army lieutenant colonel Eli Dekal, says the Egyptian army is preparing for war against Israel. pic.twitter.com/fQLAk24rcf — Swing Trader The Art Of Learning (@niteshgupta98) May 16, 2024 Hezbollah launched the first Arab airstrike on the occupation ever since the Arab-West/Israel 1973 war using a drone that fired S5 air-to-surface missiles …

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Lock em up! BLS releases CPI data early

The CPI was “leaked” 30 minutes early ( likely to big institutions or banks because f**k the Poor’s) and last month we found out JpMorgan and BlackRock ( I believe it was blkrk) get a super exclusive sneak peak at CPI data prior to their release so they can front run the market on trades …

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Biden blocks release of audio from classified documents investigation; House panel moves toward contempt for AG Garland

The public has a right to hear the transcript. President Joe Biden has blocked the release of audio recordings of his interviews with the special counsel who investigated his handling of classified documents, per FT — unusual_whales (@unusual_whales) May 16, 2024 In a dramatic turn of events, a House panel has escalated tensions by advancing …

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