-The final tally on BLS’s lies is that actual job numbers had to be revised lower by 1.5mm last year.
-A massive Lithium deposit was found in Pennsylvania this week that could provide enough to meet 40% of US demand.
--The deposits were found by a UPenn scientist who was studying the wastewater from the fracking process. He identified large amounts of Lithium in the water, which he says can be isolated and removed for use in Lithium-driven products.
-Biden vetoed the “crypto bill” on Friday, meaning that financial firms will not be able to custody bitcoin.
-The MacroEdge job cuts tracker has 93,500 job cuts for the month of May.
-GDP and PCE numbers out this week show that we are in stagflation (low growth with high inflation).
-After GDP growth numbers came in under 2% this week, crunching the numbers shows that the USGOV is spending $8.3 for every $1 of “growth.”
-Chicago PMI numbers (manufacturing) cratered to depression-era levels.
-FHA home loan delinquencies jumped over 10% this week, which was the peak of 2010.
-Despite warnings from intelligent people, the Biden administration finalized a rule on Friday that could cripple offshore oil production. ZeroHedge article is in the show notes.
-Jamie Dimon put out a statement from China this week that “if private credit sours, things could get very bad.” --On cue, private credit firm Ninepoint has halted redemptions on 3 of its funds today.
--Dimon also commented that he sees extraordinary government spending leading to stagflation.
-US pending home sales hit the lowest point since 2001 this week (down 7.7%)
-The Fed admitted this week that China, Russia, India, and Turkey (37.5% of the world’s population) are moving away from USDs and towards gold. NY Fed article in the show notes.
Business:
-Pension funds were found this week to have invested over $100bn in “buy now, pay later” schemes and startups. This is similar to the pre-1920s crash “installment credit” schemes.
-Consumers are hurting so much right now that Kohl’s announced it would be slashing prices by 85% to move inventory. The stock dropped by 30% on Friday.
-An FTX executive was sentenced to 7.5 years this week for contributing up to $100mm in illegal political campaign contributions.
-It was announced on Friday that CFTC has charged JP Morgan with failure to trace billions of client orders from 2014 to 2021.
-Another lawsuit was announced against Meta on Wednesday, this time from advertisers and customers over allegations of monopolizing the online social media advertising market and misleading users' data.
-The DOJ announced this week that thousands of North Koreans stole Americans’ identities and took remote tech jobs at Fortune 500 companies.
Health:
-A court found this week that the PCR test, which was used to publish COVID spread metrics, was found to be 97% inaccurate in its results.
--Notably, Dr. Cary Mullins is on video giving a speech talking about how PCR should never be used to identify the presence of a virus, along with some other very sharp criticisms of Fauci. And Mullins should know - he won the Nobel for inventing PCR.
-A University of Florida employee and student were caught sending drugs and toxin that causes whoopping cough back to China in an elaborate smuggling scheme.
Science:
-A 4th scientific article of the year was published this week that outlines how solar activity affects the earth’s weather far more than humans do. 8-min video explainer is in the show notes.
Crazy Conspiracy:
Concerned citizens in Illinois have filed a formal complaint with the state Board of Elections after uncovering what they believe is an elaborate election fraud scheme.
“A couple from Illinois, Jodie and Ken Zitko, have formed a group of concerned citizens who have been analyzing the Illinois state voter database. And they have found serious irregularities.”
Some of those include 300,000 votes mysteriously deleted post-election, 2.5 million votes made before the voters even registered, plus so much more!
-A massive Lithium deposit was found in Pennsylvania this week that could provide enough to meet 40% of US demand.
--The deposits were found by a UPenn scientist who was studying the wastewater from the fracking process. He identified large amounts of Lithium in the water, which he says can be isolated and removed for use in Lithium-driven products.
-Biden vetoed the “crypto bill” on Friday, meaning that financial firms will not be able to custody bitcoin.
-The MacroEdge job cuts tracker has 93,500 job cuts for the month of May.
-GDP and PCE numbers out this week show that we are in stagflation (low growth with high inflation).
-After GDP growth numbers came in under 2% this week, crunching the numbers shows that the USGOV is spending $8.3 for every $1 of “growth.”
-Chicago PMI numbers (manufacturing) cratered to depression-era levels.
-FHA home loan delinquencies jumped over 10% this week, which was the peak of 2010.
-Despite warnings from intelligent people, the Biden administration finalized a rule on Friday that could cripple offshore oil production. ZeroHedge article is in the show notes.
-Jamie Dimon put out a statement from China this week that “if private credit sours, things could get very bad.” --On cue, private credit firm Ninepoint has halted redemptions on 3 of its funds today.
--Dimon also commented that he sees extraordinary government spending leading to stagflation.
-US pending home sales hit the lowest point since 2001 this week (down 7.7%)
-The Fed admitted this week that China, Russia, India, and Turkey (37.5% of the world’s population) are moving away from USDs and towards gold. NY Fed article in the show notes.
Business:
-Pension funds were found this week to have invested over $100bn in “buy now, pay later” schemes and startups. This is similar to the pre-1920s crash “installment credit” schemes.
-Consumers are hurting so much right now that Kohl’s announced it would be slashing prices by 85% to move inventory. The stock dropped by 30% on Friday.
-An FTX executive was sentenced to 7.5 years this week for contributing up to $100mm in illegal political campaign contributions.
-It was announced on Friday that CFTC has charged JP Morgan with failure to trace billions of client orders from 2014 to 2021.
-Another lawsuit was announced against Meta on Wednesday, this time from advertisers and customers over allegations of monopolizing the online social media advertising market and misleading users' data.
-The DOJ announced this week that thousands of North Koreans stole Americans’ identities and took remote tech jobs at Fortune 500 companies.
Health:
-A court found this week that the PCR test, which was used to publish COVID spread metrics, was found to be 97% inaccurate in its results.
--Notably, Dr. Cary Mullins is on video giving a speech talking about how PCR should never be used to identify the presence of a virus, along with some other very sharp criticisms of Fauci. And Mullins should know - he won the Nobel for inventing PCR.
-A University of Florida employee and student were caught sending drugs and toxin that causes whoopping cough back to China in an elaborate smuggling scheme.
Science:
-A 4th scientific article of the year was published this week that outlines how solar activity affects the earth’s weather far more than humans do. 8-min video explainer is in the show notes.
Crazy Conspiracy:
Concerned citizens in Illinois have filed a formal complaint with the state Board of Elections after uncovering what they believe is an elaborate election fraud scheme.
“A couple from Illinois, Jodie and Ken Zitko, have formed a group of concerned citizens who have been analyzing the Illinois state voter database. And they have found serious irregularities.”
Some of those include 300,000 votes mysteriously deleted post-election, 2.5 million votes made before the voters even registered, plus so much more!
“From April through June 2022, they also sat down with over 1,300 Illinois residents across the state and — with their consent — reviewed their 20-year voting histories. They uncovered over 57% irregularities, including:
- votes cast when voters did not vote
-votes missing when they did vote
-voters registered and voting at addresses where they did not live
-registrations with illogical registration dates”
x.com/JDunlap1974/st…
Macro takeaways/lessons from the week:
-The zealots have crossed the political, banana republic Rubicon.
-All of those economic cracks that I’ve been warning about since we started this podcast? They’ve grown from cracks into fissures.
-The NeoCons who’ve been wrong on every military decision since the 1970s are now hurtling us toward nuclear war.
White pill for the week:
The Soviet NY show trial seems to have backfired massively and jolted quite a few “fence sitters” awake to the reality of what the zealots are willing to do.
The only way to fix a problem is to be able to name and isolate it accurately.
The Weekend Meditation/contemplation (Friday):
I will leave you with a quote for the weekend from Erasmus, which I personally believe aligns quite well with what we saw in NY on Thursday and the few who are dull-minded enough to be celebrating it:
“The less talent they have, the more pride, vanity, and arrogance they have. All these fools, however, find other fools who applaud them.”
-Erasmus, 1509
Links mentioned in the show:
Mike Amabile and Run Over Twice “Blind”
open.spotify.com/track/6SG99nL3…
Erik Prince NeoCons are Morons Videos 1-3:
youtu.be/RY3BAgRGtqQ?si…
youtu.be/w_qZOZ2WoiY?si…
youtu.be/7YdiPLH5I0A?si…
Tucker Carlson with Erik Prince, Jeffrey Sachs, and Dave Smith
youtu.be/BLPNqby0AGI?si…
youtu.be/JS-3QssVPeg?si…
youtu.be/s2QS8bUNzHk?si…
Solar Activity and “Space Weather” Affects the Earth’s Climate
x.com/SunWeatherMan/…
Biden Admin Finalizes Rule that Could Cripple Offshore Oil Production
zerohedge.com/energy/despite…
NY Fed: 37.5% of the World Moving Away from Dollars and To Gold
libertystreeteconomics.newyorkfed.org/2024/05/taking…
- votes cast when voters did not vote
-votes missing when they did vote
-voters registered and voting at addresses where they did not live
-registrations with illogical registration dates”
x.com/JDunlap1974/st…
Macro takeaways/lessons from the week:
-The zealots have crossed the political, banana republic Rubicon.
-All of those economic cracks that I’ve been warning about since we started this podcast? They’ve grown from cracks into fissures.
-The NeoCons who’ve been wrong on every military decision since the 1970s are now hurtling us toward nuclear war.
White pill for the week:
The Soviet NY show trial seems to have backfired massively and jolted quite a few “fence sitters” awake to the reality of what the zealots are willing to do.
The only way to fix a problem is to be able to name and isolate it accurately.
The Weekend Meditation/contemplation (Friday):
I will leave you with a quote for the weekend from Erasmus, which I personally believe aligns quite well with what we saw in NY on Thursday and the few who are dull-minded enough to be celebrating it:
“The less talent they have, the more pride, vanity, and arrogance they have. All these fools, however, find other fools who applaud them.”
-Erasmus, 1509
Links mentioned in the show:
Mike Amabile and Run Over Twice “Blind”
open.spotify.com/track/6SG99nL3…
Erik Prince NeoCons are Morons Videos 1-3:
youtu.be/RY3BAgRGtqQ?si…
youtu.be/w_qZOZ2WoiY?si…
youtu.be/7YdiPLH5I0A?si…
Tucker Carlson with Erik Prince, Jeffrey Sachs, and Dave Smith
youtu.be/BLPNqby0AGI?si…
youtu.be/JS-3QssVPeg?si…
youtu.be/s2QS8bUNzHk?si…
Solar Activity and “Space Weather” Affects the Earth’s Climate
x.com/SunWeatherMan/…
Biden Admin Finalizes Rule that Could Cripple Offshore Oil Production
zerohedge.com/energy/despite…
NY Fed: 37.5% of the World Moving Away from Dollars and To Gold
libertystreeteconomics.newyorkfed.org/2024/05/taking…
YouTube
Blood Money: The Neocon establishment’s conspiracy to profit from endless war
Erik traces the development of the Neocon establishment in Washington, starting with the collapse of the USSR and the need for new justifications to maintain the high defense spending that sustains the military-industrial complex. From an unnecessarily militant…
Merchan's judicial experience was in family court? Holy shit now it all makes sense.