Call Me Stormy

Finding righteous currents in turbulent times

Archive for the category “Economizing”

Inflationary Spiral Worsens

Never mind the bumbling naysayers from Joe Biden’s inept administration. What they were describing as “temporary” inflation is now spiraling out of control. It’s apparent the United States will be wrecked by the worst inflation we have seen in 40 years, a persistent inflation that could well transform into hyperinflation. More from the Wolf Street Report.

Inflation hits 5.4 percent in June — a half percent above expected. This is the third straight month where inflation surpassed expectations. In other words, the Biden administration can’t keep calling this temporary or transitory. Owing to Biden’s pathetic and rancid economic policies, Carterism is back baby! More from Styxhexenhammer666.




The Big Ripoff

Big business and big government are not enemies like everyone thinks they are. Tim Carney, a staffer on the Washington Times who authored The Big Ripoff, says politicians claim they protect us from big business by passing regulations. In reality, those regulations are often written by big business lobbyists and they hurt small competitors most.

“When government gets bigger, whether through spending or taxes or regulations, big business benefits,” Carney says. “Capitalism is a cutthroat thing, but this isn’t capitalism. When you turn to government to regulate your competitors out of business, we need to say, ‘No, this is wrong!'” Carney joins John Stossel to debate the issue.

Financial Crisis Looming

With inflation barreling out of control, the Federal Reserve announced it expects to raise interest rates several times beginning later this year and into 2023. It’s a decision that doesn’t sit well with Rana Vig, CEO of Blue Lagoon Resources, who says jacking rates will devastate our economy.

“The reality today is, the government is in so much debt, it cannot raise interest rates,” Vig says. He says we’re now  facing a $30 trillion deficit and, if interest rates only went up 5 percent, that would incur $1.5 trillion interest payments alone. “The U.S. government would become insolvent,” he says.

Meanwhile, World Alternative Media’s Josh Sigurdson reports that countless experts are running from fiat and getting into gold, silver and Bitcoin. There appears to be a significant monetary revolution happening. The question is, when will the boom happen? Here’s more with Sigurdson and Vig.




Rich And Poor Get Richer

Everywhere people trash capitalism. It’s become the punching bag of choice because people don’t understand it. Popular refrains are: The rich always get richer, or capitalism funnels all the money to the top one percent.

Appearing on the John Stossel podcast, economist Dan Mitchell sets the record straight and busts the ridiculous ideas about rich entrepreneurs, income inequality and monopolies. Says Mitchell, “The rich get richer in a capitalist society, but guess what? The rest of us get richer as well.” Here more with Stossel and Mitchell.

Meme Stocks Creating Havoc

Meme stocks continue to create havoc on Wall Street and they aren’t going away anytime soon. It’s a scenario that has taken the hedge funds by storm, where individual investors band together on social media to promote trending stocks, usually to meteoric heights, as was the case with GameStop earlier this year and more recently AMC.

Gunjan Baner Ji, financial correspondent for the Wall Street Journal, says the meme-stock phenomenon has basically pitted social-media investors against the expert hedge-funders and the little guys are winning. Baner Ji joins Just The News AM host Sophie Mann to explain further.

 




When You Buy At The Top

Meet the man who bought the top of every stock trend More from Ryan Long.

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Hyperinflation Now Triggered

David Garofalo, Chairman and CEO of Gold Royalty Corp, returns to SGT Report to discuss the extremely dire outlook for the US Dollar and fiat currencies around the world, which are beginning to hyperinflate when priced in hard assets like copper, lumber, real estate, Bitcoin and precious metals. It looks like the Federal Reserve’s easy money policies have triggered the start of the destruction of the Dollar’s purchasing power. David explains that not only can’t the Fed stop it, they don’t even want to.




It’s Time To Pay Up

Big government rushed to the aid of Americans struggling financially during the COVID pandemic, but much of the relief came with stipulations that could have devastating impacts on Americans’ finances and records, such as your credit score.

In simple terms, it’s time to pay your debt. Glenn Beck explains that the government forbearance, or the idea that you don’t have to pay your mortgage or rent now, went a long way to help Americans during the pandemic. But it’s important to understand it didn’t mean the debt was excused. And with America on its way to normality again, the financial pain begins. Here’s more with Beck.

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The Markets Are Rigged

At base, the markets are a con game where the rich and powerful employ a raft of confidence men to lure suckers into the latest mania. In this game, the suckers are the general public who are left holding the bag as the market bubble bursts while the smart money swoops in to buy up the leftover assets at pennies on the dollar. In this week’s edition of The Corbett Report, James Corbett pulls back the curtain on the Wall Street casino and reveals how the house always wins the rigged games. More from the Corbett Report Extras.




Terrorists Steamroll Joe Biden

Terrorists threaten a major U.S. oil pipeline and all Joe Biden’s administration can do is to jawbone and warn companies to tighten their security. You can’t have the FBI investigate the terrorists, after all, when those extorting the pipeline are probably Democratic allies!

Besides, the Democrats could care less! These kinds of attacks could drive up the cost of gas to $5 a gallon, and that fits the Democrats’ demented environmentalist, electric car agenda to a tee! More from The Salty Cracker.




Fuel shortages occurred in 17 states, mostly across the South but extending up the Atlantic Seaboard, including Virginia and Washington DC. A widespread emergency was declared in response to the terrorist attack. Did the FBI round up the terrorists? Of course not. FBI agents were too busy harassing grandmas who voted for Trump. More from Tim Pool.




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