USA - One does not have to be an economist or financial advisor to recognize the massive threat to the US economy posed by China and Russia. The leaders of the BRICS coalition have as their stated goal to replace the dominance of the US Dollar in the world. If they can even partially accomplish this goal, they will disrupt the abilities of American businesses and citizens to thrive. If they can fully accomplish their goals, it would cause an economic collapse in the United States unlike anything we’ve seen.
DEMOCRATIC REPUBLIC OF THE CONGO - What these short-sighted armchair activists fail to realize is that their green absolutism actually promotes inequality. Do they know what is being done to satiate their need for all these electric batteries? Slavery and child labor. No, I’m not being hyperbolic. In the Democratic Republic of the Congo (DRC), so-called “artisanal” miners work in extremely dangerous conditions to mine cobalt and nickel-elements crucial in the production of batteries seen in electric cars like Teslas, Fords, and VWs.
USA - America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask. The average interest rate on a new card is 24 percent, the highest figure since the Reaganomics era. A typical American household now carries $10,000 in credit card debt, by one estimate, another record. If that doesn’t sound like a lot of debt, try paying it off. At $250 per month, with 24 percent interest, you’ll be making payments until 2030, and you’ll spend a total of $20,318, twice what you owed. And that assumes you never use the card again. “It’s hard to build wealth when you’re paying 20 percent interest every month,” said Ted Rossman, a senior industry analyst at Bankrate.com. The nation’s credit card debt stands at $986 billion, according to the Federal Reserve. The figure has climbed by $250 billion in two years. Some other estimates range higher. A WalletHub report put total card debt at $1.2 trillion at the end of 2022.
USA - The federal government paid Wyoming farmers $5.5 million in 2022 not to farm certain land plots, a significant leap from the 2021 grant of $3.4 million. Industry experts credit changing demands for food and skyrocketing fuel and equipment prices in 2022 for Wyoming farmers’ growing interest in the federal Conservation Reserve Program. Farmers will sign up for the Conservation Reserve Program if it looks more lucrative than farming.
USA - A black woman worked for the gym Equinox. The company fires her, says she was late 47 times in 10 months. She says she was fired for being black. A jury just awarded her $11.25 million. If you own a business in New York City, sell it immediately. If you live there and you value common sense, leave there as quickly as possible. The city is lost.
JAPAN - Growing human babies from scratch in a lab could be possible in just five years thanks to a new breakthrough. Researchers in Japan are on the cusp of being able to create human eggs and sperm in the lab from scratch, which would then develop in an artificial womb. Professor Katsuhiko Hayashi, a Japanese scientist at Kyushu University who has already figured out the process in mice, believes he is just five years away from replicating the results in humans.
GERMANY - According to experts, Germany’s recession is seen as the first falling domino within the EU, given that Germany has long been the flagship and a powerhouse of Europe. Germany entered a technical recession in the first quarter of 2023, according to recent figures from the Federal Statistical Office. What’s behind the new trend and what does the future have in store for the German economy? As per international economic observers, the unfolding economic slowdown has largely been caused by the disruption of Germany’s energy ties to Russia, which exacerbated the already swirling crisis in the country and contributed to gradual de-industrialization.
USA - Renowned radio host, filmmaker, book author and archeological dig expert Steve Quayle has been warning of dark times coming for America and the world. Quayle now warns of a specific time frame, “I can’t remember a more dangerous time than the month of June.”
UK - Bonds are meant to be boring. Investors buy them because they provide a predictable income stream. Pension funds buy them to hedge against their riskier bets. Prices and yields are usually dull and predictable - yet that is precisely the point. However in recent months, the gilt market - as UK government bonds are known - has been turned on its head. Prices have been swinging wildly, moving at speeds not seen in years. What has changed? The difference now is rampant inflation. Today, inflation stands at 8.7 percent, well above the rest of the G7 club of rich nations. Food prices are soaring at rates not seen since the 1970s and even Bank of England governor Andrew Bailey admits he has no idea when prices at the checkout will start falling.
USA - The Pentagon’s attempts to reach out to China’s military in recent months have been ignored or rebuffed, Ely Ratner, US Assistant Secretary of Defense for Indo-Pacific Security Affairs, has claimed. Secretary of Defense Lloyd Austin “believes in the importance of open lines of communication with the PRC [People’s Republic of China] and we have sought to build out those open lines of communication. Unfortunately... we've had a lot of difficulty when we have proposed phone calls, meetings, dialogues,” Ratner said during an event hosted by the Center for Strategic and International Studies in Washington on Thursday.
USA - US President Joe Biden has told journalists that he feels “extremely negative” about Russian tactical nuclear weapons being stationed in Belarus. Biden’s comment, which was reported by Reuters, came hours after Belarusian President Alexander Lukashenko announced that “the deployment of nuclear munitions has already begun.” Russia shouldn’t worry about the safety of its weapons as the Belarusians, being “practical and thrifty people,” will be able to keep them safe, Lukashenko added.
USA - The price of ketchup, mustard and relish have skyrocketed in the last week. Food prices have steadily climbed over the last two years thanks to Joe Biden’s tax-and-spend policies. Biden has repeatedly downplayed the record increases in food prices. The cost of eggs, poultry and beef have all increased thanks to Bidenflation. And now the price of mustard, ketchup and relish have all increased… just in time for the Memorial Day holiday weekend. Enjoy!
USA - Biden's Special Presidential Envoy for Climate, former Senator John Kerry, made a stunning revelation earlier this month when he spoke about the need to transform the way food is produced in order to lower emissions. The new crusade for climate activists is to reduce emissions that are a result of food production. "A lot of people have no clue that agriculture contributes about 33 percent of all the emissions of the world," Kerry said, "depending a little bit on how you count it, but it's anywhere from 26 to 33. And we can't get to net zero, we don't get this job done, unless agriculture is front and center as part of the solution.
USA - Pride Month — formerly known as June — is right around the corner, and with that comes the annual rainbow lighting of the White House, heaping of praise upon people like the Nashville shooter, and the continued denigration of religious institutions by American corporations. For decades now, American institutions, ideologically captured by the left, have collaborated to establish a new system of social priorities while preventing dissent from challenging their grip on power.
USA - There is a war going on. It’s a culture war. Even those of us who don’t consider ourselves right or left politically are being put in positions we don’t like. The language is heated. One side is accused of being fill-in-the-blank-phobic, hateful, extreme MAGA, and intolerant. The other side is deemed to be Satanist, perverted, hedonistic, regressive left, snowflakes, and ultra-feminist. You have to align with your “side” in an all-or-nothing way, or suddenly, you are called an insulting name.