NATION AND STATE

Japan Probably Needs To Move To The Pro-China Camp

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Japan Probably Needs To Move To The Pro-China Camp By Russell Clark of the Capital Flows and Asset Markets Substack

Japan has benefited massively from the free trade world that the US conjured into existence 40 years ago.

Japanese industry and particularly its auto industry benefited hugely from access to the US auto market. For this reason, I expected US new car CPI moved higher (car prices rising after years of stagnation) that this would be Yen bullish. Instead the Yen has weakened considerably. ...read more

$18 For A Michelob Ultra: ‘Beer-Flation’ Hits PGA Championship

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$18 For A Michelob Ultra: ‘Beer-Flation’ Hits PGA Championship This week’s beer prices at the 2022 PGA Championship at Southern Hills Country Club in Tulsa, Oklahoma, shocked many who attended the event (and even players) and sparked just as much buzz as Tiger Woods.

After spending hundreds of dollars for a basic ticket to walk around the course, watching players tee off or sink a putt (or miss a crucial putt), many craved a refreshing cold beer. However, ‘beer-flation’ hit the PGA as it costs $18 for a Michelob Ultra and $19 for a Stella Artois.

Pro-golfer Justin Thomas,

Is The Global Debt Bubble About To Burst?

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Is The Global Debt Bubble About To Burst? Authored by Gail Tverberg via Our Finite World blog,

Is the debt bubble supporting the world economy in danger of collapsing?

The years between 1981 and 2020 were very special years for the world economy because interest rates were generally falling:

Figure 1. Yields on 10-year and 3-month US Treasuries, in a chart made by the Federal Reserve of St. Louis, as of May 10, 2022. ...read more

TRUMP TAKES THE FIGHT TO THE DIRTY 51! TODAY’S DURHAM TRIAL EVENTS GIVE LITTLE HOPE FOR JUSTICE+NEWS

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#BCPTODAY #TRUMP #JOHNDURHAM

JOIN OUR COMMUNITY FOR FREE! www.TheRealBCP.com ...read more

Economic Optimism Has Collapsed Under Biden: Poll

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Economic Optimism Has Collapsed Under Biden: Poll While the Biden administration continues to congratulate itself for the ‘strongest job creation economy in modern times’ (which isn’t difficult when your y/y baseline was caused by economy-killing lockdowns), most people aren’t buying it.

In fact, as people face $100 tanks of gas and skyrocketing grocery prices, the Economic Optimism Index poll from IBD/TIPP plunged 9.5% in May, dropping to 41.2 – which, as Issues & Insights‘ editorial board notes, puts it firmly in the pessimism zone.

This marks the worst reading since the height of the COVID

Pennsylvania County Bans Ballot Drop Boxes

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Pennsylvania County Bans Ballot Drop Boxes Authored by Beth Brelje via The Epoch Times (emphasis ours),

A standing room-only crowd made up mostly of organized, left-leaning, political activists shouted, “Shame! Shame!” when commissioners in Pennsylvania’s Lancaster County voted to remove a ballot drop box placed at the county building on Monday, the day before the primary election.

Now, instead of placing absentee ballots in the drop box located just three steps inside the door of the county

Calls Emerge For China To Deploy Digital “Helicopter Money”

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Calls Emerge For China To Deploy Digital “Helicopter Money” Back in 2020, we sketched out the monetary endgame as follows: the Fed – along with all other central banks – was rushing to roll out a CBDC (digital dollar) so that when the next crisis hit, it could then directly deposit said “Digital Dollars” directly into the accounts of each American – or at least those Americans the Fed found worth of such stimmies – to offset a deflationary bust.

ICYMI: The Fed Is Preparing To Deposit “Digital Dollars” Directly To “Each American” https://t.co/etmxda3xkv https://t.co/gIZgWbJfkp

— zerohedge (@zerohedge) September