"The first panacea of a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permeant ruin. But both are the refuge of political and economic opportunists." -- Ernest Hemingway
At its September meeting, the Federal Reserve again sharply increased its target interest rate by three-quarters of a percent. Asked his thoughts about what effect this tightening will on the overall economy, Chairman Jerome Powell remarked, “I wish there were a painless way…There isn’t.” Actually, there is a painless way: stop raising rates.
The Fed is hardly alone in its inflation fixation. For most voters, inflation tops the list of concerns. The Fed’s moves represent a broad consensus that high inflation imperils the stability of the system, erodes living standards, and must be brought down even at the risk of squashing growth and triggering a recession. Hence why Jerome Powell, the Fed chairman, said in a speech in Jackson Hole at the end of August, “While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses…These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.”
However, now they take a different stance as poll numbers show a GOP takeover.
According to The Daily Wire, “The latest CBS Battleground Tracker poll estimates that Republicans will win control over the House. Republicans will gain a minimum of 15 seats in the upcoming midterm elections.”
The results predict that Republicans will have 228 seats, leaving the Democrats with only 208. The Daily Wire says, “The latest projection includes a margin of error of plus or minus 12 seats. It is based on a similar model used by the poll that accurately predicted the 2018 midterm election outcomes.”
Laurie Smith’s decades-long tenure as the sheriff in Santa Clara County, California came to an ignominious end on Monday afternoon when she suddenly announced her resignation from office before a jury could remove her by convicting her in a civil trial on corruption charges.
Smith was accused of using her position to rake in thousands of dollars in campaign donations in exchange for granting rarely-issued concealed carry permits in the county, and jurors in her civil trial had heard from a number of witnesses over the past few weeks; some detailing how they received their carry permit despite not meeting all of the requirements, while others revealed that their applications were left in limbo for months on end even after they’d documented specific threats against them.
Dana Perino slammed President Joe Biden’s plan to police free speech with big tech after internal documents revealed social media companies working with intelligence agencies to crack down on what they “deemed to be disinformation.”
The comments occurred ahead of the Phillies taking on the Houston Astros in the third game of the World Series. The former team won the first game 6 to 5, while the latter team won the second game 5 to 2.
Throughout time, civilization has gone through phases of being more sensitive to catastrophic events, leading people to act with caution and make preparations. Some time periods involve little concern and people live it up and act without much thought to the future. However, there are phases where signs point to disaster and people find comfort in making preparations. These phases may be related to climactic or economic changes, or it may be due to a date on the calendar. These phases of caution tend to occur around the turn of a century. While it may seem foolish to rush out a build yourself a bunker, you may want to find a happy medium where you prepare for a worst case scenario situation. People have driven themselves to needing a bankruptcy attorney or bankruptcy lawyer preparing for the unexpected. This may not be necessary, but knowing you have the ability to survive can comfort you in times of emergency.
The most important thing you can do when faced with an emergency is to stay calm. In order to stay calm during a cataclysmic event, you are going to need to prepare and feel that survival is possible; even in the harshest of conditions. Make sure you have a place to go, as well as an alternate plan. Speak with your family members about a meeting place away from your hometown. If everyone has an idea of where to drive should there be a disaster or emergency, it gives you direction and comfort. In your home, be sure to have an area that offers protection from weather-related disasters like tornadoes. An area in the basement or a closet may be enough to keep you safe for a few hours.
U.S. military personnel are now on the ground in Ukraine, keeping track of and inspecting weapons the U.S. has shipped to Ukrainian forces, a senior defense official announced during a Pentagon background briefing on Monday. These U.S. personnel are some of the first the Pentagon has acknowledged have entered Ukraine since Russia launched its large scale invasion of the country in February.
The senior defense official who spoke on background during an official Pentagon event, said, “U.S. personnel have recently resumed on-site inspections to assess weapon stocks in country whenever and wherever the security conditions allow.” The official said “the return of our defense attaché and Office of Defense Cooperation personnel in country has allowed us to resume this critical function.”
The Ticonderoga-class guided-missile cruiser USS Leyte Gulf (CG 55) arrived in Dubrovnik, Croatia for a scheduled port visit, Oct. 31, 2022.
The port visit comes after Leyte Gulf’s participation in the NATO-led vigilance activity Neptune Strike 22.2 (NEST 22.2) in the Mediterranean Sea. NEST 22.2 demonstrated the combined capacity of the Alliance….
...thanks to K.M. for spotting and sharing this one, because it's confirmation of something I've been warning about for years, namely, the more the USSA throws its reserve currency weight around, and starts endless "small" wars, and more lately, talks about nuclear war, the more promises to other powers that it breaks - such as the one made to Mikhail Gorbachev as the Soviet Union was collapsing that in return for the reunification of Germany, the USSA would not move the borders of NATO eastward (think the Ukraine) nor station any NATO or American troops in the former Warsaw pact nations- the more it breaks promises it has no intention of keeping (the American Indians know something of this history) the more it becomes a pariah government which no one will ever trust again, and that's quite a proposition for such a short national history. I know I know... the whole proposition sounds like what my mother used to call a "knee slapper," something so hilariously not true it makes you wonder why anyone would ever believe it.
But anyway, back to my "main point de jour": the USSA has been hell-bent (note the diabolical reference) on establishing its own global, worldwide, unipolar hegemony since the end of the Soviet Union, and making everyone else cow-tow to the will of increasingly zanily insane Swampington DC uni-party, that even our allies are thinking twice about being our ally, and that includes our oldest ally, France, without which we wouldn't even be a country, thank you Admiral Francois Joseph Paul Comte de Grasse. The hegemony of the uni-party wokery dominating American culture, which appears to want to make childhood transgender surgery some sort of human right, is probably not going to play too well in Paris, Berlin, Rome, Madrid, and probably even less well in Buda-pest, Warsaw, Moscow, Cairo, Tel Aviv, Tehran, New Dehli, Tokyo, Beijing, Taipei (inhale) Buenos Aires, Brasilia, Santiago, Algiers, Tripoli, ... well... you get the idea. Threatening to rain bombs down on people not willing to cow-tow to American wokery is not helping matters either, and constantly binding nations into a dollar-lined cage isn't helping.
Importing Liquified Natural Gas from the US is costing the EU a fortune and leaders across the 27-nation bloc are looking for a better deal.
EU trade ministers met on Monday. They are not happy with Joe Biden's 'Inflation Reduction Act'. It includes state aid for American manufacturers that will put EU car builders at a disadvantage.
This is all happening due to Western sanctions against Russia. Inflation is out of control. We've asked the European Commission why it's not trying to broker peace between Russia and Ukraine.
EU trade ministers accuse Russia of using food as a weapon after Moscow left a UN-negotiated deal to facilitate grain shipments from Ukraine. It follows drone attacks on Russia's Black Sea Fleet near Sevastopol on Saturday. The Kremlin blames Kiev, helped by British experts.
Eurozone inflation has climbed to a new record high of 10.7%. EU leaders are being urged to tackle a growing social crisis in the bloc.
About $6.5 billion from a memorandum with Russian energy giant Gazprom has been converted into a firm contract, a senior Iranian official says.
“God willing, the rest of the memorandum worth $40 billion will be converted into contracts in the next month, and the negotiations are ongoing,” deputy foreign minister for economic diplomacy Mehdi Safari was quoted as saying Monday.
The National Iranian Oil Company (NIOC) and Gazprom signed the $40 billion memorandum in July on the day Russian President Vladimir Putin arrived in Tehran for a summit with his Iranian and Turkish counterparts.
Under the agreement, Gazprom will help NIOC in the development of the Kish and North Pars gas fields and also six oil fields. The Russian gas producer will also be involved in the completion of liquefied natural gas (LNG) projects and construction of gas export pipelines.
US Jewish groups condemned Nazi Halloween costumes on Monday after at least two incidents sparked outrage amid increasing concerns about antisemitism in the US.
In New York City, a man walked into a bar in full Nazi regalia and was ordered to leave by staff and patrons.
In a video of the incident, customers can be heard telling the man, “What is wrong with you?” “Get out of here,” and telling him to leave “for your own safety.”
Webmaster addition: It's just make-believe. One Halloween tradition is to dress up as the antithesis of who you really are. In any event, keep something in Mind. Hitler dreamed of a thousand year Reich and eternal fame. All this fuss over cosplay is giving the SOB exactly what he wanted!
The importance of a strong power grid cannot be emphasized enough. Often, when a grid fails, the results are terrifying. Of all the major power grids in the world, the United States’ is one of the more vulnerable to attack.
State-sponsored hackers from the likes of Iran, Russia, and, unsurprisingly, China pose a real threat to the United States’ electrical transmission lines. However, there’s another (far less obvious) threat to the grid: electric vehicles (EVs).
Yes, you read that right.
The Biden administration is desperate to consign the internal combustion engine to the dustbin of history. In this radical shift to embrace a new, zero-emission world, Americans are being told to embrace EVs. Such an embrace, however, requires a stellar power grid, the very thing the United States lacks.
Just to be clear, the U.S. power grid (or electric grid) involves a huge network of transmission lines, power plants, and distribution centers. The United States has three major grids: the Eastern Grid, the Western Grid, and the ERCOT Grid, otherwise known as the Texas Grid. Of the three, the Eastern Grid is the largest.
Although the three grids can operate independently, they’re also connected. A failed grid means no power for tens of millions of citizens and prolonged periods of darkness. Imagine a power grid failure in the likes of Los Angeles or New York. The two cities are already riddled with crime; grid failures would make things many times worse.
Renewable energy stocks are having a hard time, even in the middle of Europe’s energy crisis. It seems that the sector needs central banks to take their foot off the gas in hiking interest rates, but it may have to wait a little longer.
The European Renewables Index has lost most of its summer outperformance over the wider Stoxx Europe 600 Index. Since a year-to-date peak in August, renewable stocks have fallen 20%, and only real estate has performed worse. They’ve recovered a bit since Oct. 12 thanks to expectations for a change in tone from central banks, but are again at risk of disappointing investors if the Federal Reserve remains hawkish with a jumbo rate hike this Wednesday.
The stepped-up measures from the UK's chief veterinary officer make the housing measures a legal requirement, and are accompanied by stringent biosecurity measures to protect flocks from disease, Sky News reports.
On Monday, President Biden’s special envoy for Iran, Robert Malley, said the US isn’t going to “waste its time” on talks with Tehran to revive the nuclear deal and would use a military option as a “last resort” against Iran.
Negotiations between the US and Iran on the nuclear deal, known as the JCPOA, have been stalled since early September. The Biden administration hasn’t officially said it’s done with the talks, but Malley’s comments are the surest sign that diplomacy between Washington and Tehran is dead.
Many experts expect public anger over inflation to enable Republicans to regain a majority in the US House of Representatives and maybe the Senate in next week’s midterm elections.
However, even if every close Senate race broke in Republicans’ favor, and the new Republican majority was determined to pass a pro-liberty agenda, there still would not be the votes to override President Biden’s vetoes, or Chuck Schumer’s filibusters.
The Michigan football player who was violently attacked by several Michigan State players following the game between the two teams at The Big House in Ann Arbor over the weekend is filing criminal charges against those responsible for the incident.
Much has been written to hypothesise why there has been a majority of the global populace, that have been hoodwinked by the propaganda assault of late, or those that have chosen to be willfully ignorant of self-evident truths. Rather than overly citing specific examples of the fallacies and outright fabrications of realities crafted and spun by governments, this post shall explore the theories and the philosophical questions surrounding why so many have rushed towards pseudoscience and authoritarianism.
For context on examples of the masses’ unshakeable belief systems towards approved narratives and consensus, please delve into a previous post that provides a light-hearted look at anecdotal instances, to describe the mindset of what I ‘endearingly’ termed to be The NPC Community.
American Federation of Teachers president Randi Weingarten faced heavy scrutiny after publicizing her support for an article published Monday, which called on its readers to declare “amnesty” for spreading misinformation during the COVID pandemic.
British scientists intentionally created hybrid Covid strains in risky experiments judged to be like 'playing with fire', MailOnline can reveal.
Hamsters were infected with mutant viruses, blends of the original Wuhan strain and parts of either Omicron or Delta.
Critics of the research, carried out by Imperial College London, called it 'insanity' and warned the lab trials could, in theory, unleash a new viral threat. Twenty scientists were involved in the project, including one who sits on the Government's advisory panel SAGE.
Socialist Lula da Silva allegedly defeated Jair Bolsonaro in the election Sunday. On Tuesday morning, Joe Hoft of The Gateway Pundit reported that Brazil is the latest country to have their election stolen using the “Drop and Roll” method of electoral fraud.
The election in Brazil is very similar to the 2020 Presidential Election in the US. Like President Trump in 2020, the conservative candidate Bolsonaro’s party picked up numerous lower house seats and governorships across the country. It was a conservative wave, with the exception of the presidential race.
David DePape pleaded not guilty Tuesday to all charges in his first court appearance on Tuesday. DePape pleaded not guilty to the numerous charges against him in the alleged Paul Pelosi attack on Friday morning.
DePape appeared in court with a sling on his arm. He was not shackled for some reason.