Home Blog Page 3

Texas Pardons Jailed Military Veteran Who Shot & Killed Armed BLM Activist

“Texas has one of the strongest ‘Stand Your Ground’ laws of self-defense that cannot be nullified by a jury or a progressive District Attorney,” says Gov. Greg Abbott.

by Infowars.com
Info Wars

Republican Texas Governor Greg Abbott has issued a full pardon of U.S. Army Sergeant Daniel Perry after he was sentenced to 25 years in prison last year for shooting and killing an armed BLM activist in downtown, Austin, Texas.

After the Texas Board of Pardons and Parole examined Perry’s case, it decided he deserved a full pardon and restoration of his Second Amendment rights.

[…] Governor Abbott issued a statement about his signing off on the pardon.

“The Texas Board of Pardons and Paroles conducted an exhaustive review of U.S. Army Sergeant Daniel Perry’s personal history and the facts surrounding the July 2020 incident and recommended a Full Pardon and Restoration of Full Civil Rights of Citizenship,” he wrote.

Continue Reading at InfoWars.com…

The West Has an Illiterate Financial Press

by Dr. Paul Craig Roberts
PaulCraigRoberts.org

The entire the financial press has zero understanding of basic economics. The financial “journalists” just print press releases.

The US debt has never mattered, because the US dollar is the world reserve currency. That means US debt is the reserves of the world’s central banks. If US debt rises, so does the reserves of the world banking system. All central banks were delighted to accumulate more US Treasury debt as it meant the reserves of their banking system went up.

The Federal Reserve can always redeem US Treasury debt by creating money with which to buy it. The debt is always redeemable because it is denominated in dollars.

The problem arrives when the dollar is deserted as world reserve currency.

Continue Reading at PaulCraigRoberts.org…

Doug Casey On the Relentless Rise of Taxes, Regulations, and Inflation

by Doug Casey
International Man

International Man: Almost every government worldwide is moving to increase taxes and regulations on its citizens while at the same time engaging in ever-increasing currency debasement.

What do you think of this trend, and where is it going?

Doug Casey: Higher taxes, more money printing, and more regulations are long-standing trends. The cat first got out of the bag with the French Revolution and the triumph of the Jacobins, who wanted to collectivize French society. They almost succeeded. Not many years later, Karl Marx wrote The Communist Manifesto and Das Capital, letting another feral meme loose into society. The idea that the State was a good thing and should grow is now everywhere.

Continue Reading at InternationalMan.com…

We Are All Zombies Now

by Alasdair MacLeod
Gold Money

For decades, all G7 nations and more besides have prevented the creative destruction upon which economic progress depends. Whole countries are now zombified.

The consequence is soaring, unproductive debt both in public and private sectors. In the past, debt levels have been low enough for central banks to force through further interest rate suppression to perpetuate malinvestments. That is no longer possible, with G7 government debt to GDP ratios commonly exceeding 100%. This article argues that interest rates will not fall materially, if at all, but will continue to rise.

Rising interest rates threaten to destroy the stagnating businesses which make up most of G7 economies, threatening entire banking systems. As their power has increased, central banks now bear responsibility for the financial integrity of the business environment as well. Individual insolvencies may be tolerated, but the prospect of wholesale failures requires governments and their central banks to prevent them.

Continue Reading at GoldMoney.com…

Don’t Buy the Fed’s Celebratory Gunfire

by Peter Schiff
Schiff Sovereign

Did you hear the cheering in the streets? The celebratory gunfire coming from the Federal Reserve? The champagne bottles across Wall Street being uncorked?

What’s got people so excited today is the monthly CPI report— which showed consumer prices increasing by ‘only’ 3.4% year-over-year. And core inflation, which strips out food and energy prices, increased by ‘only’ 3.6%.

That was about 0.1% better than last month, so, of course, both the Fed and the White House are doing a victory lap. Expect Joe Biden to ramble incoherently about his economic prowess any moment now.

This inflation report was all the market needed to jump right back into the fantasy that inflation is licked… and the Fed can quickly and safely start cutting rates again.

Continue Reading at SchiffSovereign.com…

Powell Pessimistic After Q1

by Martin Armstrong
Armstrong Economics

Powell reiterated this week that he does not see any short-term need to lower interest rates. The Fed remains delicate in its speech to the public. They knew that inflation would continue rising due to various factors but had to say they were awaiting incoming data. The data is in for Q1 and nothing indicates that inflation is easing, therefore, expect rates to hold.

The Labor Department noted that the PPI rose to 0.5% in April from May, up 2.2% since the year prior. PCE, the Fed’s primary inflation indicator, rose 2.7% in Match from 2.5% in February. The US economy overall advanced 2.7% from October to December. We are looking at inflation beginning to rise faster than economic growth, which will lead to stagflation.

Continue Reading at ArmstrongEconomics.com…

Scouting Report: Inflation, GME, and Cows with Paul Kiker

Even the rich aren’t safe anymore. They’re on the menu too. Probably best if they joined the crowds seeking to change things before things spiral any further out of control. Oh, and we discuss cows.

by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity

I was packed from the get-go this morning with interviews and content so my scouting report got a little behind. Next thing I knew Paul Kiker and I were on deck to record our weekly Finance U podcast, and so I invited him to sit with me through this scouting report.

In what should be a truly disturbing shot across the bow of many a yacht, even rich people are being cut off from home insurance in CA and other markets. Paul theorizes that insurance companies were the dumb money in commercial real estate, they are hurting badly, and so are reeling in their policies or charging drastically more to try and make up for the losses.

Continue Reading at PeakProsperity.com…

‘Brothers Forever’: Putin, Xi Agree That Deepened Ties Project Stability Against West’s ‘Unilateral Hegemony’

from Zero Hedge

Russian President Vladimir Putin is in Beijing visiting his Chinese counterpart Xi Jinping on the occasion of the 75th anniversary of the establishment of diplomatic relations between the two countries.

On the first day of the two-day state visit, which includes top Russian defense and security officials, Putin referenced Russia being “brothers forever” with China and Xi. He quoted from a 1940s song, saying “The event is dedicated to the 75th anniversary of the establishment of diplomatic relations. There is a famous song from that time, it was created 75 years ago, but is often sung today: there is a quite famous line in it: ‘Russian and Chinese are brothers forever‘.

Continue Reading at ZeroHedge.com…

Saudi Arabia’s Wealth Fund Dumps Its JPMorgan Chase Stock; Warren Buffett’s Berkshire Hathaway Did the Same in 2020

by Pam Martens and Russ Martens
Wall Street on Parade

Foreign central banks and sovereign wealth funds are required under U.S. law to report their publicly-traded U.S. stock positions no later than 45 days after the end of each calendar quarter, if those stock holdings reach $100 million or more. This is done on Form 13F, which is filed with the Securities and Exchange Commission (SEC).

Sophisticated traders, algorithms at the big trading houses on Wall Street, and giant hedge funds mine that data to spot bullish or bearish signals they might be able to trade on.

Unfortunately, for reasons we haven’t been able to unleash from the tight grip of the SEC over many years, some of the central banks and sovereign wealth funds with massive holdings in U.S. stocks do not report their holdings, or, the SEC is granting them confidentiality.

Continue Reading at WallStreetOnParade.com…

Tens of Millions of Americans Are “Trapped” in an Endless Cycle of Debt That is Sucking the Life Out of Them Financially

by Michael Snyder
The Economic Collapse Blog

Did you know that U.S. households are 17,690,000,000,000 dollars in debt? Of course household debt is only one part of a much larger story. The federal government is 34 trillion dollars in debt, state and local governments are absolutely drowning in debt and unfunded liabilities, and corporate debt is at an all-time high. As a society, we are on the greatest debt binge in the history of the world, and it just gets worse every single year. Previous generations handed us an economy that provided us with an incredibly high standard of living, but we always had to have more. So we have been borrowing and spending with no end in sight, and now our day of reckoning is fast approaching.

According to the New York Fed, U.S. household debt surged to another record high during the first quarter of this year…

Continue Reading at TheEconomicCollapseBlog.com…

No, Politicians Can’t ‘Fix’ Prices – and That’s OK

Price controls lead to the misallocation of resources, shortages, diminished product quality, and black markets.

by Veronique de Rugy
Reason.com

Prices are threads stitching together the fabric of our economy. They guide countless producers, here and abroad, to meet the most urgent demands of countless consumers. Prices enable the economic coordination of millions of individuals—each with his or her own unique preferences, skills, and resources—with no need for a central planner. They direct entrepreneurs and innovators, signaling where opportunities lie and where resources are most needed.

Prices are guardians of scarce resources, ensuring that these are allocated to their most valuable uses. Prosperity results from the encouragement given to the production of goods and services that people desire most.

There is someone else who sees the price system for its beauty and would like to protect it from continued government interferences: the Cato Institute’s Ryan Bourne.

Continue Reading at Reason.com…

April’s Disinflation Delivery

by Alexander W. Salter
The American Institute for Economic Research

Although inflation remains high,disinflation continued in April. The Bureau of Labor Statistics reported the Consumer Price Index (CPI) increased 0.3 percent last month, for a year-over-year change of 3.4 percent. The Core CPI, which excludes volatile food and energy prices, also rose 0.3 percent on the month and 3.6 percent year-over-year.

On a continuously compounded annualized basis, consumer price inflation fell for the second straight month. Headline CPI inflation was 5.3 percent in February and 3.7 percent in April. Core CPI inflation, which held steady from February to March, declined from 4.3 to 3.5 percent. We are still a ways away from the Federal Reserve’s 2-percent goal. But at least we’re heading in the right direction again.

Continue Reading at AIER.org…

Beware of Climate Activists Cosplaying as ‘Conservatives’

by James Taylor
American Thinker

As a general rule of thumb, if the only reason you would identify somebody as a conservative is because they repeatedly insist they are a conservative, they likely are not a conservative. Readers should keep this general rule in mind if they read self-proclaimed conservative climate activist Benji Backer’s new book The Conservative Environmentalist: Common Sense Solutions for a Sustainable Future.

Backer has created a niche for himself claiming conservative politicians can and must embrace climate activism as a way to hold true to conservative principles and win over young voters. His message runs along the line of, Hey, conservatives, I am one of you. You can trust me that climate activism is truly a conservative issue.

Most conservatives, however, would not recognize Backer’s words and actions as those of a conservative. Prior to writing his book, Backer:

Continue Reading at AmericanThinker.com…

More Pro-Life Activists Sentenced to Years Behind Bars, Including Veteran, Two Women in Their 70s

by Katherine Hamilton
Breitbart.com

Seven pro-life activists were sentenced to years in federal prison on Tuesday and Wednesday for protesting at the Washington Surgi-Clinic in Washington, DC, in 2020, an abortion clinic infamous for late-term abortions.

President Joe Biden’s Department of Justice (DOJ) brought conspiracy against rights and Freedom of Access to Clinic Entrances (FACE) Act charges against nine pro-life activists for the protest, which carried a maximum prison sentence of 11 years and $350,000 in fines. The activists were found guilty in two separate trials in August and September of 2023 and have been in jail ever since, awaiting sentencing.

Continue Reading at Breitbart.com…

Liftoff: Look at Who Said the Silver Bull Market is Just Getting Started

from King World News

On the heels of the price of silver surging above the key psychological level of $30, look at who said the silver bull market is just getting started.

Silver Bull Market Just Getting Started

May 15 (King World News) – Gerald Celente: In 2023, solar panel production more than doubled and has continued rising this year, surging the demand—and, therefore, the price—for silver.

Silver is plentiful in solar panels. It conducts electricity exceptionally well and does not waste energy by emitting a lot of that energy as heat.

Continue Reading at KingWorldNews.com…