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The U.S. Congress is in the process of approving a new stimulus package designed to counteract the damage from the COVID-19 pandemic. Pledging to spend $900 billion on stimulus checks, unemployment benefits, and other perceived benefits for both companies and the American people, this deal is set to help people get through the late stages of this practical nationwide lockdown. If this bill would have emerged a year ago, it would have been the most expensive spending bill in American history. But of course, that record was set by the $2.2 trillion stimulus package passed by Congress in March 2020....

s it time to worry about food inflation? The Food and Agriculture Organization's Food Price Index rose for a seventh consecutive month in December, led by dairy products and vegetable oils. The FAO Food Price Index averaged 107.5 points last month versus 105.2 points in November. The benchmark, which tracks global food prices of cereals, oilseeds, dairy products, meat, and sugar, averaged 97.9 points for 2020, a three-year high, and a 3.1% rise from 2019 levels. The global food index was still down 25% from its historical high reached in 2011. Vegetable oil prices saw the most significant jump, up...

Interest rates took off last week as investors grew more confident in an economic recovery. One problem: Stocks may be ill prepared for the increase. The yield on 10-year Treasury debt rose to 1.1% by Friday from 0.91% to end Monday.

Word to the wise. While being in debt is not normally a good thing, sometimes it can be wise. Take for instance the Communist Democrats being in power means that inflation will rise. With inflation comes higher prices, which means you need to reconsider certain aspects of your finances to deal with the oncoming higher cost of living.It's inevitable, because of the Democrat's social agenda of higher taxes, increased regulations, higher Federal minimum wage, and their war on the fossil fuels, because of their 100 trillion dollar Green New Deal plans. That is just the things the Democrats are promising...

The $600 stimulus checks from the latest Covid relief bill are officially on their way to bank accounts, according to two tweets from Treasury Secretary Steven Mnuchin on Tuesday evening. The checks could arrive as early as tonight for those who have direct deposit, according to Mnuchin. Your stimulus check will come this way if you set up direct deposit with the IRS for your 2019 tax return by providing them with your bank account information. If that information has changed, it will delay the receipt of your stimulus check, according to the IRS. Direct deposits will start Tuesday evening...

Several members of Congress are taking to social media to complain about the handful of hours they have to read the 5,593-page spending bill. “5600 pages. Votes allegedly in 6 hours,” Rep. Chip Roy (R-TX) wrote on Twitter about the $2.3 trillion bill. “Neither Democrats nor Republicans should vote for this nonsense. There should be bipartisan rejection of this absurdity,” he added. “Just another bill we have to pass before the American people discover all the goodies that special interests jammed into it over the past week,” Rep. Andy Biggs (R-AZ) said: “It’s not good enough to hear about what’s...

"If money really grew on trees, why not give more free money?" Watch...

​Millions of Americans who qualify for coronavirus relief funds could see payments as soon as next week, Treasury Secretary Steven Mnuchin said Monday. “The good news is this is a very, very fast way of getting money into the economy. Let me emphasize: People are going to see this money at the beginning of next week,” he said on CNBC. Mnuchin encouraged people who receive the payments — which could be as much as $600 — to spend the money and give the economy a much-needed boost.

Two months into fiscal 2021, the federal government has spent nearly twice as much money as it has taken in through revenue after posting a 14th consecutive month of deficit spending.

The IIF said global debt would break new records in the coming months to reach $277 trillion by the end of the year. Among advanced nations, debt surged above 432% of GDP in the third quarter — a 50 percentage points increase from 2019. In emerging markets, debt levels rose to over 248% of GDP, with Lebanon, China, Malaysia and Turkey experiencing the biggest rises in non-financial-sector debt.

Fed Chairman Jerome Powell said he worries about the long-term impacts from the coronavirus pandemic. Specifically, he cited women out of work involuntarily, children whose education is suffering and small business owners who have lost “generations of intellectual capital.”Speaking at a European Central Bank forum Thursday, he said “we’re not going back to the same economy.” Federal Reserve Chairman Jerome Powell said Thursday he worries about women, children and business owners who face long-term consequences from the coronavirus pandemic. Asked to name his chief concerns as the world tries to recover from the Covid-19 crisis, Powell said it’s “the risk...

At the start of 2012 Horseman Global did something which virtually none of its peers dared or would dare to do: it took its formerly 100% equity net long exposure to deep net short, launching an 8 year period in which the fund would be bearish month after month on stocks, yet as the monthly P&L table below shows, it also manged to generate impressive annual returns over this same period (with the exceptions of 2016 and 2019) despite constant central bank intervention pushing stocks relentlessly higher, largely thanks to the Fund's significant bond long position. Yet after a dismal...

One of the world’s richest cities is instituting a minimum wage which proponents say is only relatively sumptuous. Geneva, which by most metrics ranks in the top five for the globe’s priciest places to live, has approved a minimum wage which would be considered lavish elsewhere but is intended to just get food on the table for its poorest workers. The Swiss city voted in a two-thirds majority Sunday to introduce a minimum wage of 23 Swiss francs ($25) an hour for a 41-hour workweek, CNBC reported. That adds up to somewhere in the range of $4,100 a month, or...

As of June, the average retired worker was bringing home $1,514 a month from Social Security. This works out to all ost $18,200 a year. All things considered, this isn't very much -- but for 62% of retired workers receiving a Social Security benefit, their monthly payout will account for at least half of their income. The critical role Social Security plays during retirement for so many elderly Americans demonstrates just how important your claiming decision can be. Claiming age plays a big role in determining your Social Security payout Although there are more than a half-dozen factors that can...

Fed Chairman Jerome Powell will speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference. He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level. “Average inflation” targeting means the Fed will allow inflation to run higher than normal for a period of time. The effort will be the reverse of former Fed Chairman Paul Volcker’s rate hikes instituted to quash inflation in the 1980s. History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon,...

A devastating derecho ripped through several Midwest states on August 10, 2020, leaving a path of destruction, more than 1.5 million customers without power, and more than 404 600 hectares (1 million acres) of destroyed or damaged crops. Northern Illinois University meteorology professor Victor Gensini described the event as one of the worst weather events of 2020 in the United States. The storm ripped through the heart of the Corn Belt - a region of the Midwestern United States that has dominated corn production in the country since the 1850s, with winds gusts up to 180 km/h (112 mph), causing...

Patrick Rooney, Founder of Old School™(Natural Health / Success / Freedom), interviews businessman and experienced gold investor Joe Grande about the reasons people should consider investing in gold and silver, and how to get started.

U.S. Senator Cindy Hyde-Smith (R-Miss.) today introduced legislation to eliminate the cost-share payments required of states and communities included in federal disaster declarations in 2020. The Local Community Emergency Relief Act of 2020 is the second Senate proposal offered this week to mitigate coronavirus-related financial burdens affecting states and cities. Not limited to the COVID-19 emergency declaration, the bill would require the Federal Emergency Management Agency (FEMA) to provide a 100 percent cost share for all federal emergency declarations and major disaster declarations during calendar year 2020. “Cities and states are incurring ongoing revenue losses related to the COVID-19 emergency,...

Matt Bracken guest hosts The Alex Jones Show to break down the true value of stocking up on ammunition.

President Trump suggested this week the next coronavirus relief package could include a direct cash payment for American families that's potentially higher than $1,200. "It may go higher than that actually," Trump during an interview Wednesday with ABC affiliate KMID in Texas. "I'd like to see it be very high because I love the people. I want the people to get it."