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Thursday, January 9, 2025

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Playing with Fire: A Dollar Rout in the Making…

As the Biden administration showers the nation in debt-funded handouts and federal bailouts, new concerns are emerging as to the likelihood of a “Great Reset” in the value of our currency. However, this potential dollar rout has been in the making for many years. Abusive monetary and fiscal policy in Washington...

MORE INFLATION EVIDENCE: Wholesale Prices Jump .6% in April

(Associated Press) Wholesale prices rose a higher-than-expected 0.6% in April, driven by escalating food costs. It's more evidence that inflation pressures are starting to mount as the country emerges from a recession brought on by the pandemic. The increase in the producer price index, which measures inflationary pressures before they reach consumers,...

Calif. Carbon Offset Boondoggle Grants Credits for NOT Cutting Down Trees

California's cap-and-trade program transfers wealth from manufacturers and oil companies to environmentalists, yet it has not demonstrated any ability to reduce carbon dioxide in the atmosphere. The program relies on selling "polluters" carbon credits that give them the right to emit carbon dioxide—a naturally occurring gas in the atmosphere. A recent...

Whitmer Threatens Profit Seizure if Oil Pipeline w/ Canada Keeps Operating

(Headline USA) Michigan Gov. Gretchen Whitmer threatened Tuesday to go after Enbridge's profits from a Great Lakes oil pipeline if the company defies her order to shut it down. The Democrat governor issued the warning in a letter to the Canadian energy transport company on the eve of a state-imposed deadline...

Scramble on for New Fuel Routes after Colonial Pipeline Hack

(Associated Press) State and federal officials are scrambling to find alternate routes to deliver gasoline in the Southeast U.S. after a hack of the nation’s largest fuel pipeline led to panic-buying that contributed to more than 1,000 gas stations running out of fuel. There is no gasoline shortage, according to government...

Consumer Prices Shoot Up in April as Inflation Worries Escalate

(Associated Press) A worrisome bout of inflation struck the economy in April, with U.S. consumer prices for goods and services surging 0.8%, the largest monthly jump in in more than a decade, and the year-over-year increase reaching its fastest rate since 2008. The acceleration in prices, which has built for months,...

Gas Stations Already Run Out of Fuel After Colonial Pipeline Hack

(Bethany Blankley, The Center Square) Gas stations in multiple U.S. states began to run out of gas after Georgia-based Colonial Pipeline, the nation’s largest pipeline, fell victim to a cyberattack over the weekend. Residents living in Florida, Georgia, South Carolina, North Carolina and Virginia have already reported running out of fuel...

Biden Threatens to Take Away Benefits After Disastrous Jobs Numbers Report

After denying on Monday that increased federal coronavirus relief was a contributing factor to a nationwide labor shortage, President Joe Biden warned that Americans who turn down a “suitable job” could lose their benefits. A devastating Friday jobs report found that only 266,000 jobs were created in the past few...

Cybersecurity Experts Slam Biden’s ‘Absolutely Stupid’ Response to Pipeline Hack

Cybersecurity experts condemned President Joe Biden's administration after senior officials rejected the FBI's advice not to allow private companies to negotiate with ransomware demands, the Daily Mail reported. Specialists in cybersecurity argue that the White House's decision will lead to an increase in ransomware incidents because of the lure of...

Job Openings Soar to Highest Level on Record; Businesses Can’t Get Help

(Associated Press) U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands. Yet total job gains increased only modestly, according to a Labor Department report issued Tuesday. The figures...

What the Fed DOESN’T Want You to Know About Inflation

Is it a temporary blip… or the beginning of a long-term trend? That’s the key question facing consumers, investors, and retirees when it comes to inflation. There’s no denying that inflation pressures have picked up dramatically over the past 12 months. Price spikes in commodities including copper, grains, gasoline, and lumber...

Transport Gasoline by Truck? There Aren’t Enough Drivers, Either

(Bethany Blankley, The Center Square) A gas shortage is expected this summer not because there won’t be enough fuel but because there aren’t enough highly trained and licensed tanker drivers to transport it. Many tanker drivers retired last year after demand for oil and gas plummeted because fewer people were traveling...
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