Keyword: blogpimp
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In March of 1962 JFK observed that “Those who make peaceful revolution impossible will make violent revolution inevitable.” Sixty years later his words resonate. We are seeing the foundations laid for a revolution. Whether that revolution is peaceful or violent remains to be seen. With virtually every society over time power becomes accumulated into the hands of the few elites. Those elites in turn run the nation as their personal fiefdoms where they utilize the machinery of the state to enrich themselves, accumulate power and use trifles to appease the exponentially larger population of serfs they rule over. This reality...
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Ah, the start of a new week with Treasury Secretary Janet Yellen arguing (with a straight face) that there is no room in the Federal budget for cuts. Apparenly, Yellen never read any of the massive, pork-laden spending bills signed by Biden (no one else did in Congress either, nor did Biden). Let’s start with the US credit default swap (1 year). It remains high at 68.72 (the price of insuring against a US default). And the US Treasury yield curve (10Y-3M)? It remains deeply inverted at -114 basis points this morning signaling an impending US recession. Then we have...
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The Conference Board’s Leading Indicator should be called The Bleeding Indicator given that the leading index has declined to 10 straight months. This is happening as The Fed tightens monetary policy to combat inflation. Leading indicators include economic variables that tend to move before changes in the overall economy. These indicators give a sense of the future state of an economy. How about mortgage rates? Settling in a 6.47%.
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I wish I could go through a day without having to reference Orwell and Huxley when observing how the ruling class is able to manipulate, subjugate, and propagandize the willfully ignorant masses through lies, deceptions, disinformation, and fear. But here we are, living through a dystopian nightmare blending the worst aspects of Orwellâs 1984 and Huxleyâs Brave New World.
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King Charles is a figurehead. He reigns as King but does not rule. However he is the titular head and moral leader of both the Anglican Church and the British Commonwealth Of Nation. So I now exercise the free speech right to push for him to show moral leadership and recognise the crisis of morality within the institutions of his realm which undermines the authority of those institutions.
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The first headline I saw when I turned on Bloomberg.com was “DOJ Officials Find More Classified Documents at President Biden’s Home.” This is an improvement! So far, the task has been handled by Biden’s private attorneys who don’t have proper security clearance; at least the Justice Department is finally getting involved! But back to the US yield curve. It is now the most inverted in 30+ years as M2 Money growth stalls. Inverted yield curves have preceded recessions in the past. But as China reopens and Europe is experiencing a warmer winter than expected (meaning that Europe has sufficient natural...
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If George Santos Is A Liar And A Crook Why Does He Have To Leave Congress He Fits In Just Fine? This week Steven Crowder who has been associated with Glenn Beck and The Blaze coming out not attacking people but making his case for uncensored content on Big Conservative Media Platforms... And to follow up on that historically media newcomers and I think of Cable TV network folks like Ted Turner back in the 1970's and 80's they had to deal with money and banks and financial power... Abortion Starts Well Before The Abortion... If Rush Limbaugh Had Lived...
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The Thursday strike and protests against President Emmanuel Macron's "Pension Reform" leading to more than two million participants according to organizers. The government's estimate 1.12 million. A call for a another national strike and protest on January 31st and for smaller strike actions to begin Monday. Today the "Left" in France led by its political leader Jean-Luc Melenchon will hold a protest march to oppose the Macron pension plan. The march spearheaded by youth groups. Protesters are gathered in Paris this afternoon opposing COVID policy and dressed in Yellow Vests... The Left protest against the "pension reform" came later in...
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I must admit, Joe Biden has a horribly misleading nickname “Middle Class Joe.” Between Biden’s horrible energy policies and Pelosi’s/Schumer’s spending binges, the US middle class and low wage workers have suffered mightely with the inflation tax. Throw in Jerome Powell and The Federal Reserve’s manic money printing and the American middle class has a problem. US inflation peaked at 9.1% year-over-year (YoY), but has declined to a still painful 7.1% YoY as The Fed removes it aggressive monetary stimulus. But to cope with persistent US inflation, consumers have had to dip into savings and use more credit cards. As...
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"The Kid" was released 102 years ago on January 21. It is the story of an economically marginalised man who raises and loves an abandoned baby boy through his earliest years. Modern feminism demonises the caring nature of most men and marginalises mums. The Trump family doesn't do that. As Melania has said, "We must find better ways to honor and support the basic goodness of our children ....." God Bless Her And Her Family
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In Israel the Attorney General is reported close to ordering Prime Minister Benjamin Netanyahu to step aside and take a leave of absence... The COVID mask mandate has been rescinded in most places in the Navajo Nation which includes parts of Arizona, New Mexico and Utah... The US says it has evidence of North Korean arms shipments to Russia... The protests in Peru continue tonight demonstrators in the capital city of Lima... In New Zealand there's only one candidate in the Labor Party to replace Jacinda Ardern... About 30 people have been killed in suspected jihadist attacks... Thousands of Pro-Life...
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Trump’s instincts on social security and Medicare are better than almost every other Republican. Going after these programs is suicide and hurts Republican voters that are working-class and on fixed incomes the most. See: politico.com Trump to GOP: Don’t touch Medicare or Social Security in debt ceiling fight
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On this date in 1964, Cambodian dissident Preap In was shot in Trapeang Kraleung … an execution so public that every cinema-goer in the country would witness it. This is the Cambodia of Narodom Sihanouk — “a libertine and a francophile, a filmmaker and a painter, a serial husband and father and philanderer, a cherubic but ruthless god-king,” in the words of one obituary when he died late last year. Plucked from the distant branches of the royal family tree and set up on the throne as an 18-year-old French puppet in 1941, Sihanouk cast a long shadow over his...
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Its a sign of the times! First, US default risk as measured by credit default swaps remains elevated (primarily because Biden and Democrats refused to cut wasteful spending or reign in non-retirees on Social Security). And NY Fed’s Reverse Repos remain elevated. And then we have Citi’s economic surprise index for the US at -17 as The Fed slows money growth to 0%. I wish I knew a place where inflation and insane Federal government spending and policies doesn’t exist. Joe Biden was in California and had a secret meeting with Nancy Pelosi’s nephew Gavin Newsome. Is Joe replacing Kamala...
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On Tuesday, New York magazine published a looooooong hit piece on what a horrible boss Elon Musk supposedly is at Twitter yet the biggest revelation was its admission that it favors censorship. This admission by the authors Zoë Schiffer, Casey Newton, and Alex Heath appeared in "Twitter’s staff spent years trying to protect the platform against impulsive ranting billionaires — then one made himself the CEO." Before getting around to slamming Musk, the New York authors celebrated the early free speech era of Twitter before absurdly claiming it was somehow ruined by Orange Man Bad.
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The Thrill Is Gone from the US housing market as M2 Money growth fells to 0%. US Existing Home Sales fell -1.5% from November to December (MoM) to 4.02 SAAR units sold. That translates to a depressing -34% decline since December 2021 (YoY). On the positive side, these numbers are better than expected (-3.4% MoM expected). Still, these numbers are pretty dismal. Existing home sales MEDIAN PRICE fell to $366.9k as M2 Money growth vanishes. And inventory of existing homes for sale remains lower than pre-Covid levels. Let’s see what Powell and the Gang (aka, The Federal Reserve Board of...
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I rate Donald Trump along with Ike, Kennedy, Nixon and The Gipper as one of the best five American presidents of my lifetime. (I was born in 1957 on a day when Andy Williams "Butterfly" was on top of the charts.) I believe that what the Trump Presidency did for America and for the Western World would never have happened if he had not had smart beautiful women who loved him in his family and at his side. Words and images which I believe prove this can be seen by clicking the link in red type below the title of...
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What you are about to read is the epitome of pure evil. A journalist from Townhall.com wrote a horrifying story Tuesday about an LGBTQ ring involving a gay couple allegedly raping and pimping out their adopted children to pedophiles in the Atlanta, Georgia suburbs. Mia Cathell, the journalist who wrote the article, had been investigating William Dale Zulock, Jr and Zachary Jacoby Zulock for months after their initial arrest in July 2022. The Gateway Pundit previously reported that both men were accused of making porn with the children, who are adopted siblings. The children were rescued and taken by officials....
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US Treasury Secretary Janet Yellen has signalled that she will “tap” into Social Security to avoid breaching the US debt limit. Of course, if she does, it is unlikely that she will return the dollars. The Credit Default Swaps 1-year for the US (insurance against default) sits at 68.55, near the highest since 2013 debt ceiling crisis. Notice that the debt ceiling keeps on climbing once the Kabuki Theater of Democrats and Republicans is over. The Volatility Cube for the US CDS 1 year signals that it will all be over soon. So, Yellen and Treasury are threatening us with...
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The same media figure who led the leftist news outfit that peddled and pushed the Steele Dossier cast shade on Twitter owner Elon Musk’s warnings about the dystopian elitism that undergirds the World Economic Forum (WEF). Semafor Editor-In-Chief and gaslighting savant Ben Smith pooh-poohed Musk “whipping” “up” right-wing ire on Twitter about the WEF, an organization that promoted an Orwellian proposal to microchip children. He mocked conservatives with well founded concerns, smugly calling them “people who think that the CEOs here are gathering to make you take vaccines and to eat bugs,” on the Jan. 19 edition of CNBC’s Squawk...
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