Free Republic

Joe Biden has been called a pathological liar, Pinocchio on steroids, delusional and totally detached from reality. That’s unfair. Instead, let’s just say the president has a flair for fiction. Think of him as a master storyteller to put Hans Christian Andersen and the Brothers Grimm to shame. Here are a few of my favorite Biden bedtime stories:The Democrats Freedom to Vote Act will secure the right to vote for millions of Americans the GOP is trying to disenfranchise – Biden said Republicans working for election reform (secure ballots) are on the side of George Wallace not Martin Luther...

Treasury Secretary Janet Yellen is having trouble with the curve (yield curve, that is). It keeps inching up, meaning that Treasury’s cost of debt financing is inching up too. As Treasury yields keep rising, so does the problem of financing the massive Federal debt load. Here is a chart showing the interest outlays in the Federal budget against the cost of Federal funding at the 10-year and 2-year tenors. Now, The Fed is predicted to raise their target rate 4 times in 2022 (according to Fed Funds Futures data) and it looks like a whopping 100 basis points (or 1%)....

Peter Schiff discusses whether the current inflation will turn into hyperinflation and how to protect your savings and investments. The Rob Schmitt Show on Newsmax 1/11/22. Segment...

Huge Housing Bubble, worse than Japan or US, has burst, and everything is going to Hell on roller skates.

Imagine you're a White House staffer, or even Joe Biden himself. Suffering from a serious case of bad political news, you decide to tune into CNN's New Day, assured of some chicken soup for the soul. But, wait a second! They're talking of Democrats "panicked" over Biden's "abysmal, spectacular, failures." They're rolling an SNL clip mocking Biden over approval ratings so low, they're in "power-save" mode. You shake the remote: did you unintentionally tune into that horrible right-wing network? This can't be happening! But, sadly for the Biden's folks, there was no mistake. That actually was New Day, absolutely taking...

A top economist at the ADP Research Institute slapped down the asinine leftist narrative that the United States is experiencing explosive jobs growth. ADP Chief Economist Nela Richardson joined CNBC Squawk Box following the shocking news Jan.12 that inflation had spiked a whopping 7 percent year-over-year in December, the highest level since 1982. After noting that real wage earnings, “which are negative,” Richardson said whatever wage increases the media has been propping up as a bellwether for a peachy economy was driven by “labor shortages.” Richardson then dropped the hammer: “The economy — and this is an important point —...

I know this is discussed frequently on here, but wanted to gather your input. Do you actually think the Fed will carry on with its plan to raise rates? Even though it can potentially trigger a stock market correction/housing correction? If this scenario plays out, I can see it making Biden/Democrats even more unpopular heading into the midterms. On the other hand, if the Fed doesn't raise rates and remains complacent, inflation could continue raging. Either way, it seems like Biden/Democrats/the Swamp are on the losing end of this.

Chaos will reign as the future upends the past. Chaos doesn’t lend itself to prediction.Stupidity, arrogance, and evil ultimately destroy themselves, but their rampage was unabated in 2021. A group of stupid, arrogant, and evil people are using a virus and its variants to shepherd the world into a scheme of totalitarian global governance. This was conspiracy theory when the virus first surfaced; now it’s nakedly obvious reality. The one redeeming feature of the year was that more people saw the light. The self-impressed and self-anointed rule not by claim of divine right, but by claim of superior intelligence and...

Ever wonder why prices are rising so fast? One reason is that with rapidly rising energy prices under the Biden Administration, the costs are getting passed-through to consumers in the form of higher prices. According to the Cass Corp Freight Index, the total spent in December on shipping goods to their customers in the US spiked by 43.6% from December 2020 to December 2021. Not surprising since energy prices over the past year have soared by almost 50%. But at the same time, the Baltic Dry index (The Baltic Dry Index (BDI) is a shipping and trade index created by...

Florida Gov. Ron DeSantis (R) said Thursday that he disagreed with then-President Trump’s decision to shut down the economy at the beginning of the COVID-19 pandemic. DeSantis appeared on conservative podcast Ruthless, where he claimed that one of his biggest regrets in office is not speaking out “much louder” against the initial COVID-19 shutdown in March 2020.

That Bidenflation is really hurting Americans. Start with the UMich Buying Conditions for Houses. It “rose” to 83. Unfortunately, 100 is the baseline and any number below 100 is bad. The reason? The massive increase in US home prices since 2020. But retail sales are hurting thanks to higher prices. Retail sales less food services and auto are DOWN 3.1% MoM. Meanwhile, US industrial production fell to -0.3%. Mission accomplished?

Joe Biden is the gift that keeps on giving. First he promised to make Americans poorer which he quickly accomplished through high energy costs, paying people not to work and inept leadership. Now Joe is unwrapping a brand new plan. Apparently, our el presidente not only wants Americans to be poorer but he also wants us to forget about COVID. It's called misdirection. Don't worry about being sick peasants because very soon you will be starving and quarantined. Clever. Biden recently pivoted from solving the COVID crisis and turned his focus on solving the supply line crisis. Joe thinks that...

Americans, beset by product shortages, rising prices and the arrival of omicron, sharply cut their spending in December after a burst of spending in the fall that helped bolster the holiday season Retail sales fell a seasonally adjusted 1.9% in December compared with the previous month when sales increased 0.3%, the U.S. Commerce Department said Friday. Sales at department stores fell 7%. restaurant sales slipped 0.8% and online sales fell 8.7%. Omicron was identified by the World Health Organization in late November, and the December report from the Commerce Department is the first to capture some of its effect on...

During an interview with CNBC Thursday afternoon, Hayman Capital founder Kyle Bass joined Jeffrey Gundlach and other astute observers of the market by postulating that the Fed won’t be able to succeed with its planned 4 interest-rate hikes by the end of the year. “Gundlach said that the Fed could get to 1.5% on the Fed funds rate, which might happen in the next 12 to 18 months. But that would trigger a recession,” he said. But by the time the Fed gets to the second hike, markets will tank, forcing the central bank to backtrack. Kyle Bass agrees with...

Over the past month, as Wall Street turned increasingly optimistic on US growth alongside the Fed, with consensus (shaped by the Fed's leaks and jawboning) now virtually certain of a March rate hike, we have been repeatedly warning that after a huge policy error in 2021 when the Fed erroneously said that inflation is "transitory" (it wasn't), the central bank is on pace to make another just as big policy mistake in 2022 by hiking as many as 4 times and also running off its massive balance sheet... right into a growth slowdown. The Fed is going from one huge...

Wholesale prices rose at the fastest pace on record in December, the latest evidence that inflationary pressures are continuing to plague the U.S. economy. The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, surged 9.7% in December from the year-ago period. It marked the highest figure on record since the government began tracking the data in 2010. Still, there are some signs that inflation could be decelerating: On a monthly basis, prices rose just 0.2% in December following a revised gain of 1% in November. Economists surveyed by...

NBC Senior Business Correspondent Stephanie Ruhle is having a tough few days. She can no longer dismiss skyrocketing inflation as just a minor occurrence that Americans can afford. “KABOOM!” That’s the word Ruhle used to describe inflation spiking an eye-popping 7 percent year-over-year during the Jan. 12 edition of MSNBC’s Morning Joe. Ruhle stated that the increase was the “biggest yearly increase we have seen since the 1980s” and said, “This is not a good number.” After trying to spin the news by saying that “we have a very good economy,” she then took a detour back to reality: “High...

Inflation in the US is at historically high levels.(Peter Schiff and Tucker Carlson Discuss the Worst Inflation in US History)So, why hasn’t gold taken off? We hear this question over and over again. In this video, Peter Schiff answers this question and explains why the markets will eventually wake up to their misperception. That’s the key word – misperception. Taper tantrums and fear of Fed rate hikes have distorted perception in the markets. People are selling gold when they should be buying gold on the dips. And at the root of this misperception is the market’s focus on nominal interest...

Today, I heard two local, small town radio DJs going on about rate hikes coming down the pike, and I thought wow here we are again with rate-hike-hysteria. Eight years ago I posted an article, Interest Rates Cannot Rise, Here’s Why In that article I depicted my model, forecasting that interest rates would not and could not rise. Now remember 2014 was the peak messaging period by the Fed and Wall Street gearing up for “rate normalization”. So to go on record stating that rate normalization was impossible, was a risky move. In fact, a friend, who is a friend...

This week, the incoming New York City Mayor Eric Adams -- the supposed rational corrective to uber-radical outgoing Mayor Bill de Blasio -- announced that he would allow legislation to proceed allowing local voting for 800,000 noncitizens. The same week, the legislature in California took up a bill that would establish single-payer health care in the state, paying for the increase in costs by essentially doubling taxes. Americans have been fleeing the most liberal states in mass numbers. Those numbers are about to increase even more. Between July 2020 and July 2021, approximately 352,198 residents of New York State embarked...