from King World News
The mighty fall of the consumer is leading a much bigger collapse.
The Rise And Fall Of The Consumer
June 30 (King World News) – Crescat Capital: After experiencing the largest government-financed consumption boost in history, household demand for goods and services is poised to fall off a cliff. The US economy simply cannot handle the Fed’s continued monetary tightening. This is the onset of a vicious stagflationary environment. The unprecedented combination of excessive debt, the bursting of speculative asset bubbles, and the persistence of inflation due to structural supply imbalances makes the current economic and market environment truly precarious. A major contraction in consumer demand is imminent. These factors will soon pressure the Fed into a policy dilemma.
Putting this all together, it’s clear that the source of the current housing bubble is the explosion of financial speculation fueled by central bank policies. 
Today’s world is faced with two possible future systems. On the one hand, there is a multipolar approach in defense of sovereign nation states premised on long-term thinking, scientific optimism and win-win cooperation stands as one possible outcome; on the other, there is a unipolar paradigm of world government, depopulation and zero-sum thinking.
Last Tuesday, the Office of the Comptroller of the Currency (OCC) released its quarterly report on derivatives held at the megabanks on Wall Street. As we browsed through the standard graphs that are included in the quarterly report, one graph jumped out at us. It showed a measured growth in precious metals derivatives at insured U.S. commercial banks and savings associations over the past two decades and then an explosion in growth between the last quarter of 2021 and the end of the first quarter of this year.
Hit by the brick-and-mortar meltdown years ago, it attracted short sellers, which attracted meme stock traders, which blew up the short sellers, and then each other.
There will be nuclear war if we stay on this path. Almost every day, we get more news about how both sides are escalating the conflict in Ukraine. If the American people truly understood what was at stake, there would be giant protests in the streets of every major U.S. city right now. But they don’t. Most of us are entirely convinced that our leaders can do whatever they want in Ukraine without sparking a nuclear war. But the Russians see things very differently. On Russian television there are endless discussions about how the war in Ukraine is really a proxy war between the United States and Russia, and pundits openly discuss the possibility that eventually nuclear weapons will be used. In fact, the destruction of specific U.S. cities has even been discussed on Russian television, but most Americans never hear anything about this.
Arizona lawmakers passed a groundbreaking bill last week allowing the State’s 1.1 million students — from kindergarten to high school graduation — access to a school of their choice.
Leading Biden officials outlined their methods to keep pushing the administration’s climate agenda if the Supreme Court limits the powers of the Environmental Protection Agency (EPA) on Wednesday.
As the most momentous Supreme Court term in recent memory comes to a close, are things better or worse for libertarians?
Riding the New York City subway this afternoon, this deplorable saw a sign advertising the new City University of New York (CUNY) ASAP program. ASAP stands for Accelerated Study in Associate Programs. This program provides additional support and funding for students in two-year community college programs and is supplemented by another program for four-year students. These are giveaway programs to incentivize more students to go to college and stay in college and to participate in the leeching mindset that has attacked our culture.
A subsidiary of a £886 billion net worth bank attempted to virtue signal by proclaiming “pronouns matter” alongside an image of an employee wearing a “she/her/hers” tag, but the stunt massively backfired on Twitter.