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Economy

President Biden recently repeated the claim that high prices are caused by greedy businesses. Biden is not alone in trying to gaslight the people into thinking price inflation is rooted in the actions of private individuals and not the fiat money system Americans have lived under since 1971. In the …

Gov. Newsom wants to run for president on his record of turning California into a bankrupt, filthy, crime-ridden hellhole. “Socialism works until you run out of other people’s money.” California is running out of other people’s money. California’s budget deficit has swelled to a record $68 billion after months of unexpectedly low …

The media will applaud *Bidenomics* for the jobs report but the reality is the majority of the jobs are government jobs and strikers returning to work. Employment in retail trade declined during the holiday season are second and 3rd jobs and seniors coming out of retirement because people can’t afford …

Donald Luskin, an economist andTrendMacro CIO said that “deflation is coming” and it will cause a stock market crash. Ahead of the December meeting, Luskin argued the Federal Reserve’s “dangerously high” interest rate hikes are transitory, and that the Fed will make cuts in the first quarter of next year. “Please, …

For a long time, it has been clear that the middle class is being systematically destroyed.  The cost of living has been rising faster than paychecks have for years, and this has pushed millions of Americans into poverty.  As for those that were already impoverished, many of them have been …

Is your job safe?  According to the Bureau of Labor Statistics, there were more than 13 million layoffs and discharges in the United States during the first nine months of 2023, and now “layoff season” has arrived.  As the end of the year approaches, companies start taking a hard look …

Do you believe the politicians in Washington or do you believe your own eyes?  The politicians keep telling us that “inflation is low”, but everyone can see that everything sure does cost a lot more than it once did.  Our standard of living just keeps going down, and even JPMorgan Chase …

If you do things the right way, in the long run you will get positive results.  But if you do things the wrong way, in the long run you will get negative results.  Our banks are the beating heart of our entire economy, and unfortunately they have been doing things …

For decades we were warned that someday our politicians would push things too far.  We were warned that someday our national debt would spiral out of control, servicing that debt would become extremely oppressive due to soaring interest rates, existing bonds would crash thanks to the shift in interest rates, …

Why are big banks suddenly rushing to shut down so many local branches all over the nation?  As I have discussed in previous articles, U.S. banks are currently sitting on hundreds of billions of dollars in unrealized losses.  When financial institutions get into trouble, they start getting really tight with …