President Joe Biden keeps claiming that wind and solar energy are going to save money for consumers. But more government subsidies to “renewable energy” is a key feature of the White House anti-inflation strategy recently announced by Biden.
Tag: Zero Hedge
’76’ Gas-Station Chain Repograms Washington State Pumps For $10 A Gallon
The Post Millennial has learned gas station chain “76” has reprogrammed its pumps to include double-digit numbers in “price per gallon” at Washington state gas stations.
A 76 spokesperson confirmed to The Post Millennial they added an extra digit to pumps, noting the change doesn’t necessarily imply the company was anticipating prices above $10 a gallon.
The 76
“Build Blackouts Better”: Half Of America Faces Power Blackouts This Summer, Regulator Warns
NERC warned power supplies in the Western US could be strained this summer as a historic drought reduces hydroelectric power generation due to falling reservoir levels and what’s
Japan Probably Needs To Move To The Pro-China Camp
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.
From a macro and micro perspective, the idea of a stronger Yen with surging automobile prices
$18 For A Michelob Ultra: ‘Beer-Flation’ Hits PGA Championship
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, who
Is The Global Debt Bubble About To Burst?
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.
In some sense, falling interest rates meant that debt was becoming increasingly affordable. The monthly out-of-pocket expense for a new $500,000 mortgage was falling lower and
Pennsylvania County Bans Ballot Drop Boxes
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 building,
Economic Optimism Has Collapsed Under Biden: Poll
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 pandemic
Calls Emerge For China To Deploy Digital “Helicopter Money”
ICYMI: The Fed Is Preparing To Deposit “Digital Dollars” Directly To “Each American” https://t.co/etmxda3xkv https://t.co/gIZgWbJfkp
— zerohedge (@zerohedge) September 24,
Border Patrol Union Leader Warns Of “Complete Control” By Cartels Once ‘Title 42’ Ends
The head of the Border Patrol union warned that drug cartels would seize “complete control” of the southern border, as a Trump-era public health order to expel illegal immigrants is to expire on Monday.
“That we just don’t have anybody in the field, that we just can’t patrol the border,” National Border Patrol Council President Brandon Judd said during Fox News’ “America’s Newsroom,” after being asked about the “worst-case scenario” once the