from Kerry Lutz's Financial Survival Network
Kerry and John Rubino delve into pressing economic issues, predicting a looming crisis driven by rising mortgage rates and increasing retail store closures. They argue the necessity for significant government intervention, similar to the pandemic-era stimulus measures, to mitigate the economic downturn. The conversation also explores the unique challenges facing retailers, especially in California, where lax laws on shoplifting complicate business operations. Additionally, they discuss the controversial “weaponization” of the criminal justice system, suggesting its impact on social order and business environment. Rubino and Lutz propose radical ideas for government restructuring, such as firing government employees in alphabetical order and maintaining only essential workers during crises. They emphasize the importance of essential services, including police, road maintenance, and waste management, referencing similar strategies from Argentina and El Salvador. Political dynamics also take center stage as they speculate on potential vice presidential candidates for Donald Trump, particularly focusing on Ron DeSantis. They consider how political issues, notably abortion, could influence upcoming elections.
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Decades of interest rate suppression have resulted in debt traps in both public and private sectors which will destroy faith in fiat currencies. This leads to higher, far higher interest rates and the escape into gold is only just starting.
This is how ‘trickle-truthing’ works. A little bit of a painful truth is leaked out over time. Each time a little more. The idea is that this causes less of an explosion than simply being truthful up front.
War is one of the few things that only the State can do. Indeed, as Randolph Bourne said, “War is the health of the State.” Let’s briefly discuss the nature of the State to see why World War 3 is on the way.
We have a special place in our heart for DoubleVerify because it blacklists WOLF STREET in the “brand safety” services it touts to advertisers.
It’s another slow news day but, because of that, the weekly jobless claims data got far more attention than usual. And it’s a good thing, too, as the weekly totals finally budged off of the ridiculously stable 212,000 number for the first time in weeks.
On April 24, two lead developers of Samourai Wallet (SW), the most-advanced privacy-centric wallet in the bitcoin ecosystem, were arrested and charged with money laundering and money transmitters offenses by order of the United States Department of Justice (DOJ). This is just the latest assault of an escalating war waged by US regulators on financial privacy and freedom.
In recent years we have literally seen millions of Americans relocate from blue states to red states. In some cases, there is simply a desire to be around other like-minded people. In other cases, specific political policies that have been enacted in certain states have motivated large numbers of people to relocate. This was particularly true during the pandemic. Of course there are also many that are just trying to escape the crime, drugs, homelessness and violence that are plaguing so many major cities in blue states. For those that are trying to raise a family, finding a safe environment for their children is often of the utmost importance. As a result of the factors that I have just mentioned, we have been witnessing a “mass exodus” to “Red America” that is unlike anything we have ever seen before. Vast numbers of people have been moving from blue states such as California, New York and Illinois to red states such as Florida, Idaho and Montana…
Unions are said to be having a moment. The story goes something like this: Helped by a presidential administration that touts itself as the “most pro-union in history,” labor unions—after decades of decline—are winning big victories against anti-union corporations and extracting impressive concessions for their workers. But is it all true?
Special Prosecutor Jack Smith has just admitted that he and other DOJ and FBI minions manipulated documentary evidence underlying the Mar-a-Lago case against Donald Trump. Everybody from Judge Aileen Cannon on down realizes this is bad. Still, I wonder how many people have noticed that Smith has admitted to doing what the J6 defendants are accused and have been convicted of doing: Violating 18 U.S.C. § 1512(c)(2). The statutory charges against the J6 defendants are a specious abuse of the law but they perfectly fit Smith’s admitted conduct.
Yes, We were told lies about the safety and effectiveness of the Covid “vaccines.”
Americans are extremely pessimistic about the state of the U.S. economy, and that is really bad news for Joe Biden. Despite the glowing economic numbers that the Biden administration has been relentlessly feeding us, there is an overwhelming consensus among the American people that the economy is rapidly heading in the wrong direction. Prices continue to rise, mass layoffs are happening all over the country, loans are going bad at a staggering rate, homelessness and poverty are spiking, and economic activity is slowing down all around us. According to a poll about the economy that was recently conducted for Newsweek, the percentage of Americans that believe that the economy is going in the wrong direction is twice as high as the percentage of Americans that believe that the economy is going in the right direction…