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8:30a GDP Q2
Quarter over Quarter - Annual Rate 0.9% actual vs -1.6% prior
Personal Consumption Expenditures - Annual Rate 1.0% actual vs 1.8% prior
Consensus Outlook
Second-quarter GDP is expected to accelerate to 0.5 percent annualized growth versus first-quarter contraction of 1.6 percent. Personal consumption expenditures, after the first-quarter's plus 1.8 percent rate, are expected to rise 1.3 percent.
Definition
Gross Domestic Product represents the total value of the country's production during the period and consists of the purchases of domestically-produced goods and services by individuals, businesses, foreigners and government entities. Data are available in nominal and real (inflation-adjusted) dollars, as well as in index form. Economists and market players always monitor the real growth rates generated by the GDP quantity index or the real dollar value. The quantity index measures inflation-adjusted activity, but we are more accustomed to looking at dollar values.
Household purchases are counted in personal consumption expenditures -- durable goods (such as furniture and cars), nondurable goods (such as clothing and food) and services (such as banking, education and transportation). Private housing purchases are classified as residential investment. Businesses invest in nonresidential structures, durable equipment and computer software. Inventories at all stages of production are counted as investment. Only inventory changes, not levels, are added to GDP.
Net exports equal the sum of exports less imports. Exports are the purchases by foreigners of goods and services produced in the United States. Imports represent domestic purchases of foreign-produced goods and services and must be deducted from the calculation of GDP. Government purchases of goods and services are the compensation of government employees and purchases from businesses and abroad. Data show the portion attributed to consumption and investment. Government outlays for transfer payments or interest payments are not included in GDP.
The GDP price index is a comprehensive indicator of inflation. It is typically lower than the consumer price index because investment goods (which are in the GDP price index but not the CPI) tend to have lower rates of inflation than consumer goods and services. Note that contributions of each component, as averaged over the prior year, are tracked in the table below (components do not exactly sum to total due to chain-weighted methodology). Consumption expenditures, otherwise known as consumer spending, has over history been steadily making up an increasing share of GDP.
8:30a Initial Jobless Claims
Initial Claims - Level 256K actual vs 261K (rev) prior
Initial Claims - Change -5K actual vs 17K (rev) prior
4-Week Moving Average 249.25K actual vs 243.00K (rev) prior
Consensus Outlook
Jobless claims for the July 23 week are expected to hold steady at 249,000 versus 251,000 in the prior week.
Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smooths out weekly volatility.
Today's Economic Calendar
8:30 GDP Q2
8:30 Initial Jobless Claims
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $38B, 7-Year Note Auction
4:30 PM Fed Balance Sheet
Today's Markets
In Asia, Japan +0.4%. Hong Kong -0.2%. China +0.2%. India +1.9%.
In Europe, at midday, London -0.1%. Paris flat. Frankfurt -0.1%.
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.6%. Crude +2.1% to $99.34. Gold +2.2% to $1756.30. Bitcoin +8.1% to $23,048.
Ten-year Treasury Yield +6 bps to 2.79%
They scared us with dangerous bugs
And fooled us with dangerous drugs
Both evil and crude
They're after our food
Elites are some dangerous thugs!
-The Limerick King
Today's Economic Calendar
8:30 GDP Q2
8:30 Initial Jobless Claims
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $38B, 7-Year Note Auction
4:30 PM Fed Balance Sheet
Today's Markets
In Asia, Japan +0.4%. Hong Kong -0.2%. China +0.2%. India +1.9%.
In Europe, at midday, London -0.1%. Paris flat. Frankfurt -0.1%.
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.6%. Crude +2.1% to $99.34. Gold +2.2% to $1756.30. Bitcoin +8.1% to $23,048.
Ten-year Treasury Yield +6 bps to 2.79%
They scared us with dangerous bugs
And fooled us with dangerous drugs
Both evil and crude
They're after our food
Elites are some dangerous thugs!
-The Limerick King
Arras Minerals acquires five new mineral exploration licences increasing its total land package in northeastern Kazakhstan by 70%
TSX-V: ARK
Vancouver, British Columbia – Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce the acquisition of five mineral exploration licences. The new licences held by the Company’s 100 % owned Kazakh Subsidiary, Ekidos Minerals LLP, cover a total of 2,122 square kilometers (“sq km”) in northeastern Kazakhstan focussed on the Bozshakol-Chingiz and Baidaulet-Akbastau metallogenic belts.
Highlights:
• A total of five new mineral exploration licenses (namely, “Maisor”, “Aktasty”, “Elemes”, “Norgubek”, and “Akkuduk”) totaling 2,122 sq km have been granted by the Ministry of Industry and Innovational Development, Government of Kazakhstan, increasing the Company’s total land package in northeastern Kazakhstan by 70% to 3,028 sq km. All licenses are located within a 120 km radius of Arras' operational base in the city of Ekibastuz, Pavlodar facilitating cost-effective exploration.
• Arras is now the largest license holder in the highly prospective Bozshakol-Chingiz metallogenic belt, and the third largest in the Republic of Kazakhstan, after Fortescue Metals Group and Rio Tinto.
• The Bozshakol-Chingiz and Baidaulet-Akbastau metallogenic belts host the producing Bozshakol porphyry copper-gold mine and Maikain volcanic-hosted massive sulfide (“VHMS”) mine, respectively, as well as Arras’ Beskauga porphyry-epithermal copper-gold project where an initial 10,000-meter drill program (permitted for 30,000m) is currently underway.
• Compilation, digitization, and interpretation of Soviet-era geological and geophysical datasets for the new licenses has identified multiple targets for porphyry, epithermal, VHMS, and orogenic gold mineralization.
More at:
https://www.arrasminerals.com/
Whole World is a Banana Republic – Bill Holter
By Greg Hunter
On July 26, 2022
A few months back, precious metals expert and financial writer Bill Holter predicted the economy was going to tank, and today, the U.S. is officially in a recession. Holter says it’s not just America buckling under enormous debt, but the entire world. Holter explains, “This is only the start. They are trying to debate whether or not we are in a recession, but it’s pretty much a lock. Yes, we are in a recession. And this is not just the U.S. This is a global problem. . . . Let me put his into perspective. If you add up all the global GDP’s, we are roughly $100 trillion. The problem is there is well over $350 trillion in debt worldwide. . . . When I graduated college . . . anything above 100% debt to GDP was considered a banana republic. Look where we are today. Globally, it’s 350% debt to GDP. What that tells me is the world is a banana republic.”
So, it’s no surprise big money is getting out of fiat currencies like the U.S. dollar. Less than a month ago, Holter, who is also a precious metals broker for Miles Franklin, brokered what looks like the biggest U.S. silver coin deal in history. Just the Silver Eagle portion of the deal was 650,000 coins, which was only part of the $50 million deal. Only $27 million of that could be bought in U.S. incremented silver coins. (The rest was used to buy gold U.S. coins.) Holter says that cleared out the wholesale market for U.S. silver coins, including so-called junk silver. Holter contends, “That shows you how thin it really is. By the way, a fair portion, 15% or so, was future deliveries from the mint. So, we basically cleaned up the next four to eight weeks of Silver Eagle deliveries. They belong to us, and we are still waiting for delivery from the mint. . . . The client wanted U.S. coin. In the U.S., that is the best form of silver ownership. We did not touch bars, generics or foreign sovereigns. So, there is still much more out there to be bought, but how much? I think $1 billion would buy all the available silver in the U.S. Think about it. A billion dollars today is not even the mustard on a ham sandwich. . . . Make no mistake, this deal was a big hit to the inventory . . . of U.S. silver coins. . . . This paper Ponzi scheme is going to come down, and the best place to hide is gold and silver.”
On housing, Holter says it has topped and predicts, “Now, there are no bids, and homeowners are lowering the price. It was a virtuous cycle to the upside. Now, it’s reversed, and it will be a virtuous cycle to hell on the downside. I say hell because there is so much debt outstanding, it will create margin calls across the board.”
Holter is still predicting a Mad Max apocalyptic future that looks more and more like a real possibility. Holter says, “We have had free and carefree times for the last 40 years. Now, you are going to see the reverse. Debt is a two-edge sword, and after 40 years, we are going to see the dangerous side of the sword. . . . There is going to be starvation. This is going to be unlike anything . . . anyone has even written about from a fictional basis. . . . I’ll be surprised if we make it through this year with the real economy functioning as it is right now. Supply chains will break down . . . We will have some dire markets leading to . . . market closures and bank closures.”
There is much more in the 44 min interview.
Join Greg Hunter on Rumble as he goes One-on-One with financial writer and precious metals expert Bill Holter of JSMineset.com for 7.26.22.
https://rumble.com/v1dqkb1-whole-world-is-a-banana-republic-bill-holter.html
After the Interview:
Holter adds, the derivative market will take down the central banks because it is thousands of times larger than all central bank capital combined. “When the system goes down, it will go down fast, and it will be uncontrollable,” predicts Holter.
There is much free information and analysis on JSMineset.com. If you want to become a subscriber to cutting edge original analysis and articles, click here: https://bit.ly/3PEk8oY
https://usawatchdog.com/whole-world-is-a-banana-republic-bill-holter/
Whole World is a Banana Republic – Bill Holter
By Greg Hunter
On July 26, 2022
A few months back, precious metals expert and financial writer Bill Holter predicted the economy was going to tank, and today, the U.S. is officially in a recession. Holter says it’s not just America buckling under enormous debt, but the entire world. Holter explains, “This is only the start. They are trying to debate whether or not we are in a recession, but it’s pretty much a lock. Yes, we are in a recession. And this is not just the U.S. This is a global problem. . . . Let me put his into perspective. If you add up all the global GDP’s, we are roughly $100 trillion. The problem is there is well over $350 trillion in debt worldwide. . . . When I graduated college . . . anything above 100% debt to GDP was considered a banana republic. Look where we are today. Globally, it’s 350% debt to GDP. What that tells me is the world is a banana republic.”
So, it’s no surprise big money is getting out of fiat currencies like the U.S. dollar. Less than a month ago, Holter, who is also a precious metals broker for Miles Franklin, brokered what looks like the biggest U.S. silver coin deal in history. Just the Silver Eagle portion of the deal was 650,000 coins, which was only part of the $50 million deal. Only $27 million of that could be bought in U.S. incremented silver coins. (The rest was used to buy gold U.S. coins.) Holter says that cleared out the wholesale market for U.S. silver coins, including so-called junk silver. Holter contends, “That shows you how thin it really is. By the way, a fair portion, 15% or so, was future deliveries from the mint. So, we basically cleaned up the next four to eight weeks of Silver Eagle deliveries. They belong to us, and we are still waiting for delivery from the mint. . . . The client wanted U.S. coin. In the U.S., that is the best form of silver ownership. We did not touch bars, generics or foreign sovereigns. So, there is still much more out there to be bought, but how much? I think $1 billion would buy all the available silver in the U.S. Think about it. A billion dollars today is not even the mustard on a ham sandwich. . . . Make no mistake, this deal was a big hit to the inventory . . . of U.S. silver coins. . . . This paper Ponzi scheme is going to come down, and the best place to hide is gold and silver.”
On housing, Holter says it has topped and predicts, “Now, there are no bids, and homeowners are lowering the price. It was a virtuous cycle to the upside. Now, it’s reversed, and it will be a virtuous cycle to hell on the downside. I say hell because there is so much debt outstanding, it will create margin calls across the board.”
Holter is still predicting a Mad Max apocalyptic future that looks more and more like a real possibility. Holter says, “We have had free and carefree times for the last 40 years. Now, you are going to see the reverse. Debt is a two-edge sword, and after 40 years, we are going to see the dangerous side of the sword. . . . There is going to be starvation. This is going to be unlike anything . . . anyone has even written about from a fictional basis. . . . I’ll be surprised if we make it through this year with the real economy functioning as it is right now. Supply chains will break down . . . We will have some dire markets leading to . . . market closures and bank closures.”
There is much more in the 44 min interview.
Join Greg Hunter on Rumble as he goes One-on-One with financial writer and precious metals expert Bill Holter of JSMineset.com for 7.26.22.
https://rumble.com/v1dqkb1-whole-world-is-a-banana-republic-bill-holter.html
After the Interview:
Holter adds, the derivative market will take down the central banks because it is thousands of times larger than all central bank capital combined. “When the system goes down, it will go down fast, and it will be uncontrollable,” predicts Holter.
There is much free information and analysis on JSMineset.com. If you want to become a subscriber to cutting edge original analysis and articles, click here: https://bit.ly/3PEk8oY
https://usawatchdog.com/whole-world-is-a-banana-republic-bill-holter/
Blues Traveler ~ Hook
Blues Traveler ~ Hook
Blues Traveler ~ Hook
Flood insurance hikes on horizon
A report from FEMA claims higher prices may drive a falloff of 1 million policies compared to the beginning of the decade.
BY MICHAEL PHILLIS
Associated Press
July 25, 2022
ST. LOUIS — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.
But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates 1 million fewer Americans will buy flood insurance by the end of the decade — a sizable number of people at risk of catastrophic financial loss.
As climate change drives increased flood risk in many areas, FEMA has updated its flood insurance program to more accurately reflect risk, but also make it more solvent. It’s a response in part to criticism that taxpayers were funding big payouts when coastal mansions in risky locations flooded.
But nine senators from both parties expressed “serious concerns” about the new pricing system in a letter last September, after hearing that the agency’s internal numbers predicted policies would drop off by 20%. The next month FEMA told the AP those figures were “misleading” and “taken out of context” and that on the subject of how many people will be insured “there is no study or report to share.”
The agency painted a different picture at the end of the year when it sent a report to the treasury secretary and a handful of congressional leaders saying higher prices would drive a falloff of 1 million policies compared to the beginning of the decade.
The issue of how many people go uninsured for flooding is vital, said Chad Berginnis, executive director of the Association of State Floodplain Managers.
“We are talking the basic economic health, I think of not only our households and businesses, but our communities at large” if fewer people buy flood insurance, he said.
The federal flood insurance program was started when many private insurers stopped offering policies in high-risk areas. It operates in the red, paying out more in claims than it collects in premiums.
By more accurately setting rates, the update, officially referred to as Risk Rating 2.0, makes it more expensive to develop in flood-prone regions, shifting the risks of disaster toward those homeowners.
Risk Rating 2.0 will factor in a property’s unique flood risk — like its distance to water and cost to rebuild. The old system was based largely on a home’s elevation and whether it was in a designated flood zone. Most policyholders will now see their rates go up. But for the first time, nearly a quarter of policyholders will see theirs go down. Buyers of new policies began seeing the new prices in October.
FEMA downplayed the report obtained by the AP as a pessimistic projection, aimed at forecasting finances, not insurance participation. The agency said it has not directly studied how many people will buy flood insurance.
“There’s numerous reasons that growth could occur as time goes on,” said David Maurstad, a senior executive of the National Flood Insurance Program, adding that an enrollment analysis should consider the agency’s marketing efforts, the program’s clear messaging of flood risk, price decreases and other factors.
But critics like Sen. Bob Menendez, D-N.J., said affordability is a problem and FEMA didn’tclose the impact of those higher costs.
“This report makes it crystal clear that FEMA failed to be transparent with policyholders, Congress, and ultimately the American public,” Menendez said in a statement. It shouldn’t have taken a records request for details to emerge, he said.
When Francisca Acuña, a climate and community activist in Austin, Texas, was given a new quote, it was hard for her to believe.
“I go, ‘No, you’re making a mistake,’” she said.
Acuña had previously paid $446 a year. Under Risk Rating 2.0, she was quoted $1,893. Rate increases that large are rare. Increases are generally capped at 18% a year, but Acuña, juggling other expenses, had let her policy lapse so she was required to pay the full amount right away.
“There’s no way, no how, that I can afford it,” Acuña said.
Told of Acuña’s situation, Maurstad said the rates reflect actual risk. It’s unfortunate when people face big increases, but ensuring the financial health of the program and accurate rates, is “good public policy,” he said.
Jim Rollo, a New York-based insurance agent, said he’s seeing a change in some buyer attitudes. Some seem more skeptical about properties that have previously flooded and have higher premiums. Others “roll the dice” and forgo costly insurance if it’s not required.
“We are writing fewer policies than we were before,” Rollo said.
Congress should create an affordability program for people struggling to buy insurance and fund efforts to improve flood protections, said Joel Scata, a lawyer at the Natural Resources Defense Council, an environmental advocacy group.
But Maurstad said FEMA’s mission is different from the private sector. FEMA must help people “before, during and after” disasters, as well as charge premiums that are risk-based and financially sound.
“We have certain responsibilities we are charged with. The number of policies sold isn’t one of them, again, because we are a government program,” he said.
Nevertheless, the agency report predicts that the program, even with higher revenue, will continue to sink deeper into debt.
https://tampabaytimes-fl.newsmemory.com
Flood insurance hikes on horizon
A report from FEMA claims higher prices may drive a falloff of 1 million policies compared to the beginning of the decade.
BY MICHAEL PHILLIS
Associated Press
July 25, 2022
ST. LOUIS — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.
But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates 1 million fewer Americans will buy flood insurance by the end of the decade — a sizable number of people at risk of catastrophic financial loss.
As climate change drives increased flood risk in many areas, FEMA has updated its flood insurance program to more accurately reflect risk, but also make it more solvent. It’s a response in part to criticism that taxpayers were funding big payouts when coastal mansions in risky locations flooded.
But nine senators from both parties expressed “serious concerns” about the new pricing system in a letter last September, after hearing that the agency’s internal numbers predicted policies would drop off by 20%. The next month FEMA told the AP those figures were “misleading” and “taken out of context” and that on the subject of how many people will be insured “there is no study or report to share.”
The agency painted a different picture at the end of the year when it sent a report to the treasury secretary and a handful of congressional leaders saying higher prices would drive a falloff of 1 million policies compared to the beginning of the decade.
The issue of how many people go uninsured for flooding is vital, said Chad Berginnis, executive director of the Association of State Floodplain Managers.
“We are talking the basic economic health, I think of not only our households and businesses, but our communities at large” if fewer people buy flood insurance, he said.
The federal flood insurance program was started when many private insurers stopped offering policies in high-risk areas. It operates in the red, paying out more in claims than it collects in premiums.
By more accurately setting rates, the update, officially referred to as Risk Rating 2.0, makes it more expensive to develop in flood-prone regions, shifting the risks of disaster toward those homeowners.
Risk Rating 2.0 will factor in a property’s unique flood risk — like its distance to water and cost to rebuild. The old system was based largely on a home’s elevation and whether it was in a designated flood zone. Most policyholders will now see their rates go up. But for the first time, nearly a quarter of policyholders will see theirs go down. Buyers of new policies began seeing the new prices in October.
FEMA downplayed the report obtained by the AP as a pessimistic projection, aimed at forecasting finances, not insurance participation. The agency said it has not directly studied how many people will buy flood insurance.
“There’s numerous reasons that growth could occur as time goes on,” said David Maurstad, a senior executive of the National Flood Insurance Program, adding that an enrollment analysis should consider the agency’s marketing efforts, the program’s clear messaging of flood risk, price decreases and other factors.
But critics like Sen. Bob Menendez, D-N.J., said affordability is a problem and FEMA didn’tclose the impact of those higher costs.
“This report makes it crystal clear that FEMA failed to be transparent with policyholders, Congress, and ultimately the American public,” Menendez said in a statement. It shouldn’t have taken a records request for details to emerge, he said.
When Francisca Acuña, a climate and community activist in Austin, Texas, was given a new quote, it was hard for her to believe.
“I go, ‘No, you’re making a mistake,’” she said.
Acuña had previously paid $446 a year. Under Risk Rating 2.0, she was quoted $1,893. Rate increases that large are rare. Increases are generally capped at 18% a year, but Acuña, juggling other expenses, had let her policy lapse so she was required to pay the full amount right away.
“There’s no way, no how, that I can afford it,” Acuña said.
Told of Acuña’s situation, Maurstad said the rates reflect actual risk. It’s unfortunate when people face big increases, but ensuring the financial health of the program and accurate rates, is “good public policy,” he said.
Jim Rollo, a New York-based insurance agent, said he’s seeing a change in some buyer attitudes. Some seem more skeptical about properties that have previously flooded and have higher premiums. Others “roll the dice” and forgo costly insurance if it’s not required.
“We are writing fewer policies than we were before,” Rollo said.
Congress should create an affordability program for people struggling to buy insurance and fund efforts to improve flood protections, said Joel Scata, a lawyer at the Natural Resources Defense Council, an environmental advocacy group.
But Maurstad said FEMA’s mission is different from the private sector. FEMA must help people “before, during and after” disasters, as well as charge premiums that are risk-based and financially sound.
“We have certain responsibilities we are charged with. The number of policies sold isn’t one of them, again, because we are a government program,” he said.
Nevertheless, the agency report predicts that the program, even with higher revenue, will continue to sink deeper into debt.
https://tampabaytimes-fl.newsmemory.com
10:00a Pending Home Sales
Month over Month -8.6% actual vs 0.4% (rev) prior
Index 91.0 actual vs 99.6 (rev) prior
Consensus Outlook
Up 0.7 percent in May, pending home sales ended six straight sharp declines. Yet a further gain is not expected for June where the consensus is a decline of 1.0 percent.
Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. Specifically, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale.
10:00a State Street Investor Confidence Index
Delayed at source
10:30a EIA Petroleum Inventories
Crude Oil Inventories - W/W -4.5M barrels actual vs -0.4M barrels prior
Gasoline Inventories - W/W -3.3M barrels actual vs 3.5M barrels prior
Distillate Inventories - W/W 0.8M barrels actual vs -1.3M barrels prior
Definition
The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.
11:00a Survey of Business Uncertainty
Sales Growth 5.02% actual vs 4.73% prior
Employment Growth 5.06% actual vs 4.92% prior
Definition
The survey of business uncertainty is a panel survey measuring year-ahead expectations that US firms have about their own sales and employment growth. The sample covers all regions of the US economy, all industries except agriculture and government, and a broad range of firm sizes. Sample size is about 150 responses per month. Readings in Econoday's presentation are seasonally adjusted. The Atlanta Fed publishes this monthly survey in partnership with the University of Chicago Booth School of Business and with Stanford University. (Federal Reserve Bank of Atlanta)
10:00a Pending Home Sales
Month over Month -8.6% actual vs 0.4% (rev) prior
Index 91.0 actual vs 99.6 (rev) prior
Consensus Outlook
Up 0.7 percent in May, pending home sales ended six straight sharp declines. Yet a further gain is not expected for June where the consensus is a decline of 1.0 percent.
Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. Specifically, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale.
10:00a State Street Investor Confidence Index
Delayed at source
10:30a EIA Petroleum Inventories
Crude Oil Inventories - W/W -4.5M barrels actual vs -0.4M barrels prior
Gasoline Inventories - W/W -3.3M barrels actual vs 3.5M barrels prior
Distillate Inventories - W/W 0.8M barrels actual vs -1.3M barrels prior
Definition
The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.
11:00a Survey of Business Uncertainty
Sales Growth 5.02% actual vs 4.73% prior
Employment Growth 5.06% actual vs 4.92% prior
Definition
The survey of business uncertainty is a panel survey measuring year-ahead expectations that US firms have about their own sales and employment growth. The sample covers all regions of the US economy, all industries except agriculture and government, and a broad range of firm sizes. Sample size is about 150 responses per month. Readings in Econoday's presentation are seasonally adjusted. The Atlanta Fed publishes this monthly survey in partnership with the University of Chicago Booth School of Business and with Stanford University. (Federal Reserve Bank of Atlanta)
Kunstler: The Wrecking Crew Will Be Overcome
By James Howard Kunstler
July 25, 2022
We stumble into the horse latitudes of summer feeling trapped in the stillness. The heat disorders minds — and these are minds already scrambled by official propaganda. We are this close to a general recognition that the Covid vaccines were a deadly scam, even while Rochelle Walensky of the CDC keeps pushing boosters on TV and the entire public health bureaucracy stands by silently behind this murderous fakery. When their trials finally come, will they plea that they just didn’t know? How is that possible? (It’s not.)
The crisis of the vaccinated is coming and there won’t be any hiding it. Anyway, nobody expects actual news reporting out of the legacy media. It will get around through the alt.media for sure, and already is, but the real spread will proceed when all the everyday people see themselves and those around them get sick, and realize they have one thing in common: those vaxxes they submitted to. It’s already happening.
In keeping with the principles of mass formation psychosis, the maliciously insane people in charge of our nation’s affairs will expect you to swallow ever-greater absurdities to maintain their control (and protect themselves). But we’re way beyond the “women-with-penises” stage of the mind-fuckery program. Nobody with a functioning brain believes that bullshit anymore — except the people who run the California prison system. Next up, apparently, is a hot little war with Russia or China, a useful distraction from the systematic self-dismantling of Western Civ.
“Joe Biden” has sent troops from the 82nd and 101st Airborne Divisions to Europe, supposedly to “train” the NATO forces of Euroland. Is this some kind of bluff? Or does “Joe Biden” and Company imagine that they’ll pull off some blitzkrieg counter-offensive on-the-ground in Ukraine and recapture territory secured by Russia painfully since February. If we send troops into Ukraine proper, it would amount to a deliberate sacrifice of our supposedly best soldiers in a meat-grinder. Maybe the purpose is simply to further weaken the US military, humiliate NATO, and hasten the death of the West.
Of course, we have no real strategic national interest in Ukraine. We had no quarrel all the years that the Russian Soviets owned and operated it. We set in motion the current conflict by cooking up the 2014 color revolution. (There followed the fat years for Hunter Biden converting US aid money into revenue for his many shell corporations.) I doubt that a plurality of Americans will fall for another such stupid Hate Russia ploy. We’ve had enough pointless and costly foreign misadventures. This would be a war exceeding the unpopularity of Vietnam and could easily unleash widespread street protests. Only this time the Left will be pro-war and the Party of Chaos will send out its ragtag army of Antifa trannies to make the street protests bloodier. It will be seen for what it is: the ruling regime’s war on its own people. And it will be overcome.
Vying in the absurdity Olympics, the World Health Organization (WHO) just declared Monkeypox a Public Health Emergency of International Concern (PHEIC) — but only after the outfit’s chief, Tedros Adhanom Ghebreyesus, overruled a WHO committee that voted against such a move. Monkeypox, you understand, is a disease spread almost exclusively among the gay population, that is, men having sex with men, exchanging bodily fluids. Outbreaks have been keyed to gay orgies, especially during the recent June “Pride Month” festivities. Do you think it might be more appropriate for the WHO to issue an advisory against gay orgies?
But, really, it’s just another obvious power-grab, an attempt by the Schwabenklausian maniacs to push people around and wreck the economy in order to Build Back Better — that is, to orchestrate a program of severe digital social control for managing its depopulation event. The US Department of Defense (DOD) is now authorized under the 2022 National Defense Authorization Act (NDAA) to administer a mandatory vaccine program, while the CDC has bought millions of doses of supposed monkeypox vaccine.
Knowing how deadly the Covid vaxxes were, do you really think that masses of Americans who happen to not engage in gay sex might line-up willingly for these new shots? I kind of doubt it. The idiotic war provocations, the renewed climate hysteria, and dishonest health scares are devices for postponing, cancelling, or screwing around with the US midterm election. If the Left loses the US Congress, then the globalists will lose their main weapon: the Party of Chaos. Meanwhile, Euroland leaders are already falling and whole governments over there will crash and burn in the months to come.
All of this is happening against the background of a wobbling financial system that is making life unaffordable for what’s left of the middle-classes. One way or another, they will be sharply motivated to rescue their own livelihoods and recreate a country under real rule-of-law in the service of liberty. We await “Joe Biden” and Company’s most desperate move: to turn off the Internet so that Americans won’t be able to communicate easily or remain informed about anything. Of course, if they try that, they’ll also destroy everything that is managed automatically by computers in this land and plunge America into battle against the demented bureaucracy that rules us.
https://kunstler.com/clusterfuck-nation/the-wrecking-crew-will-be-overcome/
Kunstler: The Wrecking Crew Will Be Overcome
By James Howard Kunstler
July 25, 2022
We stumble into the horse latitudes of summer feeling trapped in the stillness. The heat disorders minds — and these are minds already scrambled by official propaganda. We are this close to a general recognition that the Covid vaccines were a deadly scam, even while Rochelle Walensky of the CDC keeps pushing boosters on TV and the entire public health bureaucracy stands by silently behind this murderous fakery. When their trials finally come, will they plea that they just didn’t know? How is that possible? (It’s not.)
The crisis of the vaccinated is coming and there won’t be any hiding it. Anyway, nobody expects actual news reporting out of the legacy media. It will get around through the alt.media for sure, and already is, but the real spread will proceed when all the everyday people see themselves and those around them get sick, and realize they have one thing in common: those vaxxes they submitted to. It’s already happening.
In keeping with the principles of mass formation psychosis, the maliciously insane people in charge of our nation’s affairs will expect you to swallow ever-greater absurdities to maintain their control (and protect themselves). But we’re way beyond the “women-with-penises” stage of the mind-fuckery program. Nobody with a functioning brain believes that bullshit anymore — except the people who run the California prison system. Next up, apparently, is a hot little war with Russia or China, a useful distraction from the systematic self-dismantling of Western Civ.
“Joe Biden” has sent troops from the 82nd and 101st Airborne Divisions to Europe, supposedly to “train” the NATO forces of Euroland. Is this some kind of bluff? Or does “Joe Biden” and Company imagine that they’ll pull off some blitzkrieg counter-offensive on-the-ground in Ukraine and recapture territory secured by Russia painfully since February. If we send troops into Ukraine proper, it would amount to a deliberate sacrifice of our supposedly best soldiers in a meat-grinder. Maybe the purpose is simply to further weaken the US military, humiliate NATO, and hasten the death of the West.
Of course, we have no real strategic national interest in Ukraine. We had no quarrel all the years that the Russian Soviets owned and operated it. We set in motion the current conflict by cooking up the 2014 color revolution. (There followed the fat years for Hunter Biden converting US aid money into revenue for his many shell corporations.) I doubt that a plurality of Americans will fall for another such stupid Hate Russia ploy. We’ve had enough pointless and costly foreign misadventures. This would be a war exceeding the unpopularity of Vietnam and could easily unleash widespread street protests. Only this time the Left will be pro-war and the Party of Chaos will send out its ragtag army of Antifa trannies to make the street protests bloodier. It will be seen for what it is: the ruling regime’s war on its own people. And it will be overcome.
Vying in the absurdity Olympics, the World Health Organization (WHO) just declared Monkeypox a Public Health Emergency of International Concern (PHEIC) — but only after the outfit’s chief, Tedros Adhanom Ghebreyesus, overruled a WHO committee that voted against such a move. Monkeypox, you understand, is a disease spread almost exclusively among the gay population, that is, men having sex with men, exchanging bodily fluids. Outbreaks have been keyed to gay orgies, especially during the recent June “Pride Month” festivities. Do you think it might be more appropriate for the WHO to issue an advisory against gay orgies?
But, really, it’s just another obvious power-grab, an attempt by the Schwabenklausian maniacs to push people around and wreck the economy in order to Build Back Better — that is, to orchestrate a program of severe digital social control for managing its depopulation event. The US Department of Defense (DOD) is now authorized under the 2022 National Defense Authorization Act (NDAA) to administer a mandatory vaccine program, while the CDC has bought millions of doses of supposed monkeypox vaccine.
Knowing how deadly the Covid vaxxes were, do you really think that masses of Americans who happen to not engage in gay sex might line-up willingly for these new shots? I kind of doubt it. The idiotic war provocations, the renewed climate hysteria, and dishonest health scares are devices for postponing, cancelling, or screwing around with the US midterm election. If the Left loses the US Congress, then the globalists will lose their main weapon: the Party of Chaos. Meanwhile, Euroland leaders are already falling and whole governments over there will crash and burn in the months to come.
All of this is happening against the background of a wobbling financial system that is making life unaffordable for what’s left of the middle-classes. One way or another, they will be sharply motivated to rescue their own livelihoods and recreate a country under real rule-of-law in the service of liberty. We await “Joe Biden” and Company’s most desperate move: to turn off the Internet so that Americans won’t be able to communicate easily or remain informed about anything. Of course, if they try that, they’ll also destroy everything that is managed automatically by computers in this land and plunge America into battle against the demented bureaucracy that rules us.
https://kunstler.com/clusterfuck-nation/the-wrecking-crew-will-be-overcome/
7:00a MBA Mortgage Applications
Composite Index - W/W -1.8% actual vs -6.3% prior
Purchase Index - W/W -0.8% actual vs -7.3% prior
Refinance Index - W/W -3.7% actual vs -4.3% prior
Definition
The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.
8:30a Durable Goods
New Orders - M/M 1.9% actual vs 0.8% (rev) prior
Ex-Transportation - M/M 0.3% actual vs 0.5% (rev) prior
Core Capital Goods - M/M 0.5% actual vs 0.5% prior
Consensus Outlook
Forecasters see durable goods orders falling 0.5 percent in June following a better-than-expected 0.8 percent rise in May. Ex-transportation orders are seen inching 0.2 percent higher as are orders for core capital goods.
Definition
Durable goods orders are new orders placed with domestic manufacturers for factory hard goods. The report also contains information on shipments, unfilled orders and inventories. The advance release provides early estimates and is revised about a week later by the factory orders report.
8:30a International Trade in Goods (Advance)
Balance $-98.2B actual vs $-104.0B (rev) prior
Imports - M/M -0.5% actual vs 0.0% (rev) prior
Exports - M/M 2.5% actua; vs 1.5% (rev) prior
Consensus Outlook
The US goods deficit (Census basis) is expected to narrow by $0.8 billion to $103.2 billion in June after narrowing by $2.8 billion in May to $104.0 billion (revised from an initial $104.3 billion).
Definition
The Census Bureau is now publishing an advance report on U.S. international trade in goods. The Bureau of Economic Analysis will incorporate these data into its estimates of exports and imports for the advance GDP estimates. This is expected to reduce the size of revisions to GDP growth in the second estimates.
Note that data in the advance goods report are accounted for on a census basis and can differ slightly from subsequent data in the international trade report where goods data are accounted for on a balance of payment basis to adjust for changes in ownership that can occur without goods passing into or out of the US.
8:30a Retail Inventories (Advance)
Month over Month 2.0% actual vs 1.1% prior
Definition
Retail inventories measure the monthly dollar value of inventories held by retailers. The advance report is released late in the month for the following month and is part of the Monthly Advance Economic Indicators report (which also includes data on wholesale inventories and international trade in goods). Final monthly data for retail inventories are released about two weeks later with the Business Sales and Inventories report
8:30a Wholesale Inventories (Advance)
Month over Month 1.9% actual vs 2.0% prior
Definition
Wholesale inventories measure the monthly dollar value of inventories held by merchant wholesalers and are tracked to gauge inventory change in quarterly GDP. The advance report is released late in the month for the following month and is part of the Monthly Advance Economic Indicators report (which also includes data on retail inventories and international trade in goods). Final monthly data for wholesale inventories are released about two weeks later with the Wholesale Trade report which also includes initial monthly data on wholesale sales.
7:00a MBA Mortgage Applications
Composite Index - W/W -1.8% actual vs -6.3% prior
Purchase Index - W/W -0.8% actual vs -7.3% prior
Refinance Index - W/W -3.7% actual vs -4.3% prior
Definition
The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.
8:30a Durable Goods
New Orders - M/M 1.9% actual vs 0.8% (rev) prior
Ex-Transportation - M/M 0.3% actual vs 0.5% (rev) prior
Core Capital Goods - M/M 0.5% actual vs 0.5% prior
Consensus Outlook
Forecasters see durable goods orders falling 0.5 percent in June following a better-than-expected 0.8 percent rise in May. Ex-transportation orders are seen inching 0.2 percent higher as are orders for core capital goods.
Definition
Durable goods orders are new orders placed with domestic manufacturers for factory hard goods. The report also contains information on shipments, unfilled orders and inventories. The advance release provides early estimates and is revised about a week later by the factory orders report.
8:30a International Trade in Goods (Advance)
Balance $-98.2B actual vs $-104.0B (rev) prior
Imports - M/M -0.5% actual vs 0.0% (rev) prior
Exports - M/M 2.5% actua; vs 1.5% (rev) prior
Consensus Outlook
The US goods deficit (Census basis) is expected to narrow by $0.8 billion to $103.2 billion in June after narrowing by $2.8 billion in May to $104.0 billion (revised from an initial $104.3 billion).
Definition
The Census Bureau is now publishing an advance report on U.S. international trade in goods. The Bureau of Economic Analysis will incorporate these data into its estimates of exports and imports for the advance GDP estimates. This is expected to reduce the size of revisions to GDP growth in the second estimates.
Note that data in the advance goods report are accounted for on a census basis and can differ slightly from subsequent data in the international trade report where goods data are accounted for on a balance of payment basis to adjust for changes in ownership that can occur without goods passing into or out of the US.
8:30a Retail Inventories (Advance)
Month over Month 2.0% actual vs 1.1% prior
Definition
Retail inventories measure the monthly dollar value of inventories held by retailers. The advance report is released late in the month for the following month and is part of the Monthly Advance Economic Indicators report (which also includes data on wholesale inventories and international trade in goods). Final monthly data for retail inventories are released about two weeks later with the Business Sales and Inventories report
8:30a Wholesale Inventories (Advance)
Month over Month 1.9% actual vs 2.0% prior
Definition
Wholesale inventories measure the monthly dollar value of inventories held by merchant wholesalers and are tracked to gauge inventory change in quarterly GDP. The advance report is released late in the month for the following month and is part of the Monthly Advance Economic Indicators report (which also includes data on retail inventories and international trade in goods). Final monthly data for wholesale inventories are released about two weeks later with the Wholesale Trade report which also includes initial monthly data on wholesale sales.
Today's Economic Calendar
7:00 MBA Mortgage Applications
8:30 Durable Goods
8:30 International Trade in Goods (Advance)
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
10:00 Pending Home Sales
10:00 State Street Investor Confidence Index
10:30 EIA Petroleum Inventories
11:00 Survey of Business Uncertainty
11:30 Results of $24B, 2-Year FRN Auction
2:00 PM FOMC Announcement
2:30 PM Chairman Press Conference
Today's Markets
In Asia, Japan +0.22%. Hong Kong -1.13%. China -0.05%. India +0.76%.
In Europe, at midday, London +0.50%. Paris +0.41%. Frankfurt +0.08%.
Futures at 6:20, Dow +0.52%. S&P +1.00%. Nasdaq +1.26%. Crude +0.83% to $95.77. Gold +0.25% to $1722.00. Bitcoin +0.9% to $21,314.
Ten-year Treasury Yield +3 bps to 2.79%
The world will be slaughtered like sheep
We're herded with nary a peep
With wolves at the lead
And evil indeed
And most of the herd still asleep
-The Limerick King
Today's Economic Calendar
7:00 MBA Mortgage Applications
8:30 Durable Goods
8:30 International Trade in Goods (Advance)
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
10:00 Pending Home Sales
10:00 State Street Investor Confidence Index
10:30 EIA Petroleum Inventories
11:00 Survey of Business Uncertainty
11:30 Results of $24B, 2-Year FRN Auction
2:00 PM FOMC Announcement
2:30 PM Chairman Press Conference
Today's Markets
In Asia, Japan +0.22%. Hong Kong -1.13%. China -0.05%. India +0.76%.
In Europe, at midday, London +0.50%. Paris +0.41%. Frankfurt +0.08%.
Futures at 6:20, Dow +0.52%. S&P +1.00%. Nasdaq +1.26%. Crude +0.83% to $95.77. Gold +0.25% to $1722.00. Bitcoin +0.9% to $21,314.
Ten-year Treasury Yield +3 bps to 2.79%
The world will be slaughtered like sheep
We're herded with nary a peep
With wolves at the lead
And evil indeed
And most of the herd still asleep
-The Limerick King
Flood insurance hikes on horizon
A report from FEMA claims higher prices may drive a falloff of 1 million policies compared to the beginning of the decade.
BY MICHAEL PHILLIS
Associated Press
July 25, 2022
ST. LOUIS — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.
But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates 1 million fewer Americans will buy flood insurance by the end of the decade — a sizable number of people at risk of catastrophic financial loss.
As climate change drives increased flood risk in many areas, FEMA has updated its flood insurance program to more accurately reflect risk, but also make it more solvent. It’s a response in part to criticism that taxpayers were funding big payouts when coastal mansions in risky locations flooded.
But nine senators from both parties expressed “serious concerns” about the new pricing system in a letter last September, after hearing that the agency’s internal numbers predicted policies would drop off by 20%. The next month FEMA told the AP those figures were “misleading” and “taken out of context” and that on the subject of how many people will be insured “there is no study or report to share.”
The agency painted a different picture at the end of the year when it sent a report to the treasury secretary and a handful of congressional leaders saying higher prices would drive a falloff of 1 million policies compared to the beginning of the decade.
The issue of how many people go uninsured for flooding is vital, said Chad Berginnis, executive director of the Association of State Floodplain Managers.
“We are talking the basic economic health, I think of not only our households and businesses, but our communities at large” if fewer people buy flood insurance, he said.
The federal flood insurance program was started when many private insurers stopped offering policies in high-risk areas. It operates in the red, paying out more in claims than it collects in premiums.
By more accurately setting rates, the update, officially referred to as Risk Rating 2.0, makes it more expensive to develop in flood-prone regions, shifting the risks of disaster toward those homeowners.
Risk Rating 2.0 will factor in a property’s unique flood risk — like its distance to water and cost to rebuild. The old system was based largely on a home’s elevation and whether it was in a designated flood zone. Most policyholders will now see their rates go up. But for the first time, nearly a quarter of policyholders will see theirs go down. Buyers of new policies began seeing the new prices in October.
FEMA downplayed the report obtained by the AP as a pessimistic projection, aimed at forecasting finances, not insurance participation. The agency said it has not directly studied how many people will buy flood insurance.
“There’s numerous reasons that growth could occur as time goes on,” said David Maurstad, a senior executive of the National Flood Insurance Program, adding that an enrollment analysis should consider the agency’s marketing efforts, the program’s clear messaging of flood risk, price decreases and other factors.
But critics like Sen. Bob Menendez, D-N.J., said affordability is a problem and FEMA didn’tclose the impact of those higher costs.
“This report makes it crystal clear that FEMA failed to be transparent with policyholders, Congress, and ultimately the American public,” Menendez said in a statement. It shouldn’t have taken a records request for details to emerge, he said.
When Francisca Acuña, a climate and community activist in Austin, Texas, was given a new quote, it was hard for her to believe.
“I go, ‘No, you’re making a mistake,’” she said.
Acuña had previously paid $446 a year. Under Risk Rating 2.0, she was quoted $1,893. Rate increases that large are rare. Increases are generally capped at 18% a year, but Acuña, juggling other expenses, had let her policy lapse so she was required to pay the full amount right away.
“There’s no way, no how, that I can afford it,” Acuña said.
Told of Acuña’s situation, Maurstad said the rates reflect actual risk. It’s unfortunate when people face big increases, but ensuring the financial health of the program and accurate rates, is “good public policy,” he said.
Jim Rollo, a New York-based insurance agent, said he’s seeing a change in some buyer attitudes. Some seem more skeptical about properties that have previously flooded and have higher premiums. Others “roll the dice” and forgo costly insurance if it’s not required.
“We are writing fewer policies than we were before,” Rollo said.
Congress should create an affordability program for people struggling to buy insurance and fund efforts to improve flood protections, said Joel Scata, a lawyer at the Natural Resources Defense Council, an environmental advocacy group.
But Maurstad said FEMA’s mission is different from the private sector. FEMA must help people “before, during and after” disasters, as well as charge premiums that are risk-based and financially sound.
“We have certain responsibilities we are charged with. The number of policies sold isn’t one of them, again, because we are a government program,” he said.
Nevertheless, the agency report predicts that the program, even with higher revenue, will continue to sink deeper into debt.
https://tampabaytimes-fl.newsmemory.com
Flood insurance hikes on horizon
A report from FEMA claims higher prices may drive a falloff of 1 million policies compared to the beginning of the decade.
BY MICHAEL PHILLIS
Associated Press
July 25, 2022
ST. LOUIS — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.
But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates 1 million fewer Americans will buy flood insurance by the end of the decade — a sizable number of people at risk of catastrophic financial loss.
As climate change drives increased flood risk in many areas, FEMA has updated its flood insurance program to more accurately reflect risk, but also make it more solvent. It’s a response in part to criticism that taxpayers were funding big payouts when coastal mansions in risky locations flooded.
But nine senators from both parties expressed “serious concerns” about the new pricing system in a letter last September, after hearing that the agency’s internal numbers predicted policies would drop off by 20%. The next month FEMA told the AP those figures were “misleading” and “taken out of context” and that on the subject of how many people will be insured “there is no study or report to share.”
The agency painted a different picture at the end of the year when it sent a report to the treasury secretary and a handful of congressional leaders saying higher prices would drive a falloff of 1 million policies compared to the beginning of the decade.
The issue of how many people go uninsured for flooding is vital, said Chad Berginnis, executive director of the Association of State Floodplain Managers.
“We are talking the basic economic health, I think of not only our households and businesses, but our communities at large” if fewer people buy flood insurance, he said.
The federal flood insurance program was started when many private insurers stopped offering policies in high-risk areas. It operates in the red, paying out more in claims than it collects in premiums.
By more accurately setting rates, the update, officially referred to as Risk Rating 2.0, makes it more expensive to develop in flood-prone regions, shifting the risks of disaster toward those homeowners.
Risk Rating 2.0 will factor in a property’s unique flood risk — like its distance to water and cost to rebuild. The old system was based largely on a home’s elevation and whether it was in a designated flood zone. Most policyholders will now see their rates go up. But for the first time, nearly a quarter of policyholders will see theirs go down. Buyers of new policies began seeing the new prices in October.
FEMA downplayed the report obtained by the AP as a pessimistic projection, aimed at forecasting finances, not insurance participation. The agency said it has not directly studied how many people will buy flood insurance.
“There’s numerous reasons that growth could occur as time goes on,” said David Maurstad, a senior executive of the National Flood Insurance Program, adding that an enrollment analysis should consider the agency’s marketing efforts, the program’s clear messaging of flood risk, price decreases and other factors.
But critics like Sen. Bob Menendez, D-N.J., said affordability is a problem and FEMA didn’tclose the impact of those higher costs.
“This report makes it crystal clear that FEMA failed to be transparent with policyholders, Congress, and ultimately the American public,” Menendez said in a statement. It shouldn’t have taken a records request for details to emerge, he said.
When Francisca Acuña, a climate and community activist in Austin, Texas, was given a new quote, it was hard for her to believe.
“I go, ‘No, you’re making a mistake,’” she said.
Acuña had previously paid $446 a year. Under Risk Rating 2.0, she was quoted $1,893. Rate increases that large are rare. Increases are generally capped at 18% a year, but Acuña, juggling other expenses, had let her policy lapse so she was required to pay the full amount right away.
“There’s no way, no how, that I can afford it,” Acuña said.
Told of Acuña’s situation, Maurstad said the rates reflect actual risk. It’s unfortunate when people face big increases, but ensuring the financial health of the program and accurate rates, is “good public policy,” he said.
Jim Rollo, a New York-based insurance agent, said he’s seeing a change in some buyer attitudes. Some seem more skeptical about properties that have previously flooded and have higher premiums. Others “roll the dice” and forgo costly insurance if it’s not required.
“We are writing fewer policies than we were before,” Rollo said.
Congress should create an affordability program for people struggling to buy insurance and fund efforts to improve flood protections, said Joel Scata, a lawyer at the Natural Resources Defense Council, an environmental advocacy group.
But Maurstad said FEMA’s mission is different from the private sector. FEMA must help people “before, during and after” disasters, as well as charge premiums that are risk-based and financially sound.
“We have certain responsibilities we are charged with. The number of policies sold isn’t one of them, again, because we are a government program,” he said.
Nevertheless, the agency report predicts that the program, even with higher revenue, will continue to sink deeper into debt.
https://tampabaytimes-fl.newsmemory.com
Kunstler: The Wrecking Crew Will Be Overcome
By James Howard Kunstler
July 25, 2022
We stumble into the horse latitudes of summer feeling trapped in the stillness. The heat disorders minds — and these are minds already scrambled by official propaganda. We are this close to a general recognition that the Covid vaccines were a deadly scam, even while Rochelle Walensky of the CDC keeps pushing boosters on TV and the entire public health bureaucracy stands by silently behind this murderous fakery. When their trials finally come, will they plea that they just didn’t know? How is that possible? (It’s not.)
The crisis of the vaccinated is coming and there won’t be any hiding it. Anyway, nobody expects actual news reporting out of the legacy media. It will get around through the alt.media for sure, and already is, but the real spread will proceed when all the everyday people see themselves and those around them get sick, and realize they have one thing in common: those vaxxes they submitted to. It’s already happening.
In keeping with the principles of mass formation psychosis, the maliciously insane people in charge of our nation’s affairs will expect you to swallow ever-greater absurdities to maintain their control (and protect themselves). But we’re way beyond the “women-with-penises” stage of the mind-fuckery program. Nobody with a functioning brain believes that bullshit anymore — except the people who run the California prison system. Next up, apparently, is a hot little war with Russia or China, a useful distraction from the systematic self-dismantling of Western Civ.
“Joe Biden” has sent troops from the 82nd and 101st Airborne Divisions to Europe, supposedly to “train” the NATO forces of Euroland. Is this some kind of bluff? Or does “Joe Biden” and Company imagine that they’ll pull off some blitzkrieg counter-offensive on-the-ground in Ukraine and recapture territory secured by Russia painfully since February. If we send troops into Ukraine proper, it would amount to a deliberate sacrifice of our supposedly best soldiers in a meat-grinder. Maybe the purpose is simply to further weaken the US military, humiliate NATO, and hasten the death of the West.
Of course, we have no real strategic national interest in Ukraine. We had no quarrel all the years that the Russian Soviets owned and operated it. We set in motion the current conflict by cooking up the 2014 color revolution. (There followed the fat years for Hunter Biden converting US aid money into revenue for his many shell corporations.) I doubt that a plurality of Americans will fall for another such stupid Hate Russia ploy. We’ve had enough pointless and costly foreign misadventures. This would be a war exceeding the unpopularity of Vietnam and could easily unleash widespread street protests. Only this time the Left will be pro-war and the Party of Chaos will send out its ragtag army of Antifa trannies to make the street protests bloodier. It will be seen for what it is: the ruling regime’s war on its own people. And it will be overcome.
Vying in the absurdity Olympics, the World Health Organization (WHO) just declared Monkeypox a Public Health Emergency of International Concern (PHEIC) — but only after the outfit’s chief, Tedros Adhanom Ghebreyesus, overruled a WHO committee that voted against such a move. Monkeypox, you understand, is a disease spread almost exclusively among the gay population, that is, men having sex with men, exchanging bodily fluids. Outbreaks have been keyed to gay orgies, especially during the recent June “Pride Month” festivities. Do you think it might be more appropriate for the WHO to issue an advisory against gay orgies?
But, really, it’s just another obvious power-grab, an attempt by the Schwabenklausian maniacs to push people around and wreck the economy in order to Build Back Better — that is, to orchestrate a program of severe digital social control for managing its depopulation event. The US Department of Defense (DOD) is now authorized under the 2022 National Defense Authorization Act (NDAA) to administer a mandatory vaccine program, while the CDC has bought millions of doses of supposed monkeypox vaccine.
Knowing how deadly the Covid vaxxes were, do you really think that masses of Americans who happen to not engage in gay sex might line-up willingly for these new shots? I kind of doubt it. The idiotic war provocations, the renewed climate hysteria, and dishonest health scares are devices for postponing, cancelling, or screwing around with the US midterm election. If the Left loses the US Congress, then the globalists will lose their main weapon: the Party of Chaos. Meanwhile, Euroland leaders are already falling and whole governments over there will crash and burn in the months to come.
All of this is happening against the background of a wobbling financial system that is making life unaffordable for what’s left of the middle-classes. One way or another, they will be sharply motivated to rescue their own livelihoods and recreate a country under real rule-of-law in the service of liberty. We await “Joe Biden” and Company’s most desperate move: to turn off the Internet so that Americans won’t be able to communicate easily or remain informed about anything. Of course, if they try that, they’ll also destroy everything that is managed automatically by computers in this land and plunge America into battle against the demented bureaucracy that rules us.
https://kunstler.com/clusterfuck-nation/the-wrecking-crew-will-be-overcome/
Kunstler: The Wrecking Crew Will Be Overcome
By James Howard Kunstler
July 25, 2022
We stumble into the horse latitudes of summer feeling trapped in the stillness. The heat disorders minds — and these are minds already scrambled by official propaganda. We are this close to a general recognition that the Covid vaccines were a deadly scam, even while Rochelle Walensky of the CDC keeps pushing boosters on TV and the entire public health bureaucracy stands by silently behind this murderous fakery. When their trials finally come, will they plea that they just didn’t know? How is that possible? (It’s not.)
The crisis of the vaccinated is coming and there won’t be any hiding it. Anyway, nobody expects actual news reporting out of the legacy media. It will get around through the alt.media for sure, and already is, but the real spread will proceed when all the everyday people see themselves and those around them get sick, and realize they have one thing in common: those vaxxes they submitted to. It’s already happening.
In keeping with the principles of mass formation psychosis, the maliciously insane people in charge of our nation’s affairs will expect you to swallow ever-greater absurdities to maintain their control (and protect themselves). But we’re way beyond the “women-with-penises” stage of the mind-fuckery program. Nobody with a functioning brain believes that bullshit anymore — except the people who run the California prison system. Next up, apparently, is a hot little war with Russia or China, a useful distraction from the systematic self-dismantling of Western Civ.
“Joe Biden” has sent troops from the 82nd and 101st Airborne Divisions to Europe, supposedly to “train” the NATO forces of Euroland. Is this some kind of bluff? Or does “Joe Biden” and Company imagine that they’ll pull off some blitzkrieg counter-offensive on-the-ground in Ukraine and recapture territory secured by Russia painfully since February. If we send troops into Ukraine proper, it would amount to a deliberate sacrifice of our supposedly best soldiers in a meat-grinder. Maybe the purpose is simply to further weaken the US military, humiliate NATO, and hasten the death of the West.
Of course, we have no real strategic national interest in Ukraine. We had no quarrel all the years that the Russian Soviets owned and operated it. We set in motion the current conflict by cooking up the 2014 color revolution. (There followed the fat years for Hunter Biden converting US aid money into revenue for his many shell corporations.) I doubt that a plurality of Americans will fall for another such stupid Hate Russia ploy. We’ve had enough pointless and costly foreign misadventures. This would be a war exceeding the unpopularity of Vietnam and could easily unleash widespread street protests. Only this time the Left will be pro-war and the Party of Chaos will send out its ragtag army of Antifa trannies to make the street protests bloodier. It will be seen for what it is: the ruling regime’s war on its own people. And it will be overcome.
Vying in the absurdity Olympics, the World Health Organization (WHO) just declared Monkeypox a Public Health Emergency of International Concern (PHEIC) — but only after the outfit’s chief, Tedros Adhanom Ghebreyesus, overruled a WHO committee that voted against such a move. Monkeypox, you understand, is a disease spread almost exclusively among the gay population, that is, men having sex with men, exchanging bodily fluids. Outbreaks have been keyed to gay orgies, especially during the recent June “Pride Month” festivities. Do you think it might be more appropriate for the WHO to issue an advisory against gay orgies?
But, really, it’s just another obvious power-grab, an attempt by the Schwabenklausian maniacs to push people around and wreck the economy in order to Build Back Better — that is, to orchestrate a program of severe digital social control for managing its depopulation event. The US Department of Defense (DOD) is now authorized under the 2022 National Defense Authorization Act (NDAA) to administer a mandatory vaccine program, while the CDC has bought millions of doses of supposed monkeypox vaccine.
Knowing how deadly the Covid vaxxes were, do you really think that masses of Americans who happen to not engage in gay sex might line-up willingly for these new shots? I kind of doubt it. The idiotic war provocations, the renewed climate hysteria, and dishonest health scares are devices for postponing, cancelling, or screwing around with the US midterm election. If the Left loses the US Congress, then the globalists will lose their main weapon: the Party of Chaos. Meanwhile, Euroland leaders are already falling and whole governments over there will crash and burn in the months to come.
All of this is happening against the background of a wobbling financial system that is making life unaffordable for what’s left of the middle-classes. One way or another, they will be sharply motivated to rescue their own livelihoods and recreate a country under real rule-of-law in the service of liberty. We await “Joe Biden” and Company’s most desperate move: to turn off the Internet so that Americans won’t be able to communicate easily or remain informed about anything. Of course, if they try that, they’ll also destroy everything that is managed automatically by computers in this land and plunge America into battle against the demented bureaucracy that rules us.
https://kunstler.com/clusterfuck-nation/the-wrecking-crew-will-be-overcome/
Aztec Minerals Becomes 100% Owner of Cervantes Property in Sonora, Mexico, Acquires 35% interest from Kootenay Silver
July 26, 2022
Vancouver, Canada – July 26, 2022 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec”) and Kootenay Silver Inc. (TSXV: KTN) (“Kootenay”) are pleased to announce that, on July 22nd 2022, they entered into a Purchase and Sale Agreement (the “Agreement”) whereby Aztec will indirectly acquire Kootenay’s 35% interest in the joint venture company (“JV Corp.”) that holds the Cervantes porphyry gold-copper project in Sonora, Mexico (the “Transaction”). As consideration for the acquisition, Aztec will issue to Kootenay 10,000,000 common shares in the capital of Aztec, at a price of C$0.25 per share, and Kootenay will retain a 0.5% Net Smelter Return Royalty (“NSR”). Upon completion of the Transaction, JV Corp. will be a wholly owned subsidiary of Aztec.
The Transaction is subject to standard closing conditions including final acceptance of the Transaction by the TSX Venture Exchange. The closing of the Transaction is anticipated to occur on or about August 5, 2022.
Simon Dyakowski, CEO of Aztec, commented: “We are thrilled to announce this opportunity to consolidate a 100% interest in the Cervantes porphyry gold-copper project and welcome Kootenay Silver as a major shareholder of Aztec. We now look forward to continuing to define the open pit, heap leach gold potential of the porphyry gold oxide cap at the California Zone and evaluating the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap.”
James McDonald, CEO of Kootenay, commented: “We believe this agreement is a win-win deal and that the best way to move Cervantes forward is with consolidated ownership of the project. Becoming Aztec’s largest shareholder and retaining an NSR provides Kootenay Silver the upside in the project, and allows Kootenay to monetize on one of its many assets.”
About Aztec Minerals Corp. – Aztec is a mineral exploration company focused on the discovery of large polymetallic mineral deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-copper property in Sonora, Mexico. Aztec also has control of the historic, district-scale Tombstone properties host both bulk tonnage epithermal gold-silver as well as CRD silver-lead-zinc mineralization in Cochise County, Arizona. Aztec’s shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).
About Kootenay Silver Inc. – Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information:
Aztec Minerals Corp.
Simon Dyakowski
CEO
Tel: (604) 619-7469
Email: simon@aztecminerals.com
Website: www.aztecminerals.com
Kootenay Silver Inc.
James McDonald
CEO and President
Tel: (403)-880-6016
Website: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2022/aztec-minerals-becomes-100-owner-of-cervantes-property-in-sonora-mexico-acquires-35-interest-from-kootenay-silver
Aztec Minerals Becomes 100% Owner of Cervantes Property in Sonora, Mexico, Acquires 35% interest from Kootenay Silver
July 26, 2022
Vancouver, Canada – July 26, 2022 - Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) (“Aztec”) and Kootenay Silver Inc. (TSXV: KTN) (“Kootenay”) are pleased to announce that, on July 22nd 2022, they entered into a Purchase and Sale Agreement (the “Agreement”) whereby Aztec will indirectly acquire Kootenay’s 35% interest in the joint venture company (“JV Corp.”) that holds the Cervantes porphyry gold-copper project in Sonora, Mexico (the “Transaction”). As consideration for the acquisition, Aztec will issue to Kootenay 10,000,000 common shares in the capital of Aztec, at a price of C$0.25 per share, and Kootenay will retain a 0.5% Net Smelter Return Royalty (“NSR”). Upon completion of the Transaction, JV Corp. will be a wholly owned subsidiary of Aztec.
The Transaction is subject to standard closing conditions including final acceptance of the Transaction by the TSX Venture Exchange. The closing of the Transaction is anticipated to occur on or about August 5, 2022.
Simon Dyakowski, CEO of Aztec, commented: “We are thrilled to announce this opportunity to consolidate a 100% interest in the Cervantes porphyry gold-copper project and welcome Kootenay Silver as a major shareholder of Aztec. We now look forward to continuing to define the open pit, heap leach gold potential of the porphyry gold oxide cap at the California Zone and evaluating the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap.”
James McDonald, CEO of Kootenay, commented: “We believe this agreement is a win-win deal and that the best way to move Cervantes forward is with consolidated ownership of the project. Becoming Aztec’s largest shareholder and retaining an NSR provides Kootenay Silver the upside in the project, and allows Kootenay to monetize on one of its many assets.”
About Aztec Minerals Corp. – Aztec is a mineral exploration company focused on the discovery of large polymetallic mineral deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-copper property in Sonora, Mexico. Aztec also has control of the historic, district-scale Tombstone properties host both bulk tonnage epithermal gold-silver as well as CRD silver-lead-zinc mineralization in Cochise County, Arizona. Aztec’s shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).
About Kootenay Silver Inc. – Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively.
For additional information:
Aztec Minerals Corp.
Simon Dyakowski
CEO
Tel: (604) 619-7469
Email: simon@aztecminerals.com
Website: www.aztecminerals.com
Kootenay Silver Inc.
James McDonald
CEO and President
Tel: (403)-880-6016
Website: www.kootenaysilver.com
https://www.kootenaysilver.com/news/kootenay/2022/aztec-minerals-becomes-100-owner-of-cervantes-property-in-sonora-mexico-acquires-35-interest-from-kootenay-silver
10:00a Consumer Confidence
Index 95.7 actual vs 98.4 (rev) prior
Consensus Outlook
Expectations of approaching weakness for the jobs market headlined what was a broadly unfavorable report in June, underscored by a 4-1/2 point drop in the headline index to 98.7 for the lowest reading since early last year. Forecasters aren't counting on much strength for July where the consensus is a nearly 2-point decline to 96.8.
Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.
10:00a New Home Sales
Annual Rate 590K actual vs 642K (rev) prior
Consensus Outlook
Sales of new homes are expected to fall noticeably to an annualized rate of 664,000 in June versus 696,000 in May.
Definition
New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances.
10:00a Richmond Fed Mfg.
Index 0 actual vs -9 (rev) prior
Consensus Outlook
At a consensus of minus 10, forecasters see the Richmond Fed manufacturing index remaining deeply negative in July. June's minus 19 and May's minus 9 were both far below expectations.
Definition
This survey tracks business conditions in the Richmond Fed's manufacturing sector. The headline index is a composite of the new orders, shipments, and employment indexes.
10:00a Consumer Confidence
Index 95.7 actual vs 98.4 (rev) prior
Consensus Outlook
Expectations of approaching weakness for the jobs market headlined what was a broadly unfavorable report in June, underscored by a 4-1/2 point drop in the headline index to 98.7 for the lowest reading since early last year. Forecasters aren't counting on much strength for July where the consensus is a nearly 2-point decline to 96.8.
Definition
The Conference Board compiles a survey of consumer attitudes on the economy. The headline Consumer Confidence Index is based on consumers' perceptions of current business and employment conditions, as well as their expectations for six months hence regarding business conditions, employment, and income. Three thousand households across the country are surveyed each month. In general, while the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.
10:00a New Home Sales
Annual Rate 590K actual vs 642K (rev) prior
Consensus Outlook
Sales of new homes are expected to fall noticeably to an annualized rate of 664,000 in June versus 696,000 in May.
Definition
New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances.
10:00a Richmond Fed Mfg.
Index 0 actual vs -9 (rev) prior
Consensus Outlook
At a consensus of minus 10, forecasters see the Richmond Fed manufacturing index remaining deeply negative in July. June's minus 19 and May's minus 9 were both far below expectations.
Definition
This survey tracks business conditions in the Richmond Fed's manufacturing sector. The headline index is a composite of the new orders, shipments, and employment indexes.
9:00a S&P Corelogic Case-Shiller Home Price Index
20-City Adjusted - M/M 1.3% actual vs 1.7% (rev) prior
20-City Unadjusted - M/M 1.5% actual vs 2.2% (rev) prior
20-City Unadjusted - Y/Y 20.5% actual vs 21.2% (rev) prior
Consensus Outlook
Econoday's monthly consensus estimates for May are a respective monthly gain of 1.6 percent for the adjusted 20-city index and a yearly rate of 21.0 percent unadjusted. These would compare with 1.8 and 21.2 percent in April, the latter a record for this series.
Definition
The S&P Corelogic Case-Shiller home price index tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the nation. Composite indexes and regional indexes measure changes in existing home prices and are based on single-family home resales. Condominiums and co-ops are excluded as is new construction. Note that forecasters, in line with recommendations from Standard & Poor's questioning the accuracy of seasonal adjustments, track both seasonally adjusted and not seasonally adjusted monthly data for this indicator.
9:00a FHFA House Price Index
Month over Month 1.4% actual vs 1.5% (rev) prior
Year over Year 18.3% actual vs 18.9% (rev) prior
Definition
The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. The House Price Index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. In contrast to other house price indexes, the sample is limited by the ceiling amount for conforming loans purchased by these government-sponsored enterprises (GSE). Mortgages insured by the FHA, VA, or other federal entities are excluded because they are not "conventional" loans. The FHFA House Price Index is a repeat transactions measure. It compares prices or appraised values for similar houses and applies to both purchases and refinancing.
9:00a S&P Corelogic Case-Shiller Home Price Index
20-City Adjusted - M/M 1.3% actual vs 1.7% (rev) prior
20-City Unadjusted - M/M 1.5% actual vs 2.2% (rev) prior
20-City Unadjusted - Y/Y 20.5% actual vs 21.2% (rev) prior
Consensus Outlook
Econoday's monthly consensus estimates for May are a respective monthly gain of 1.6 percent for the adjusted 20-city index and a yearly rate of 21.0 percent unadjusted. These would compare with 1.8 and 21.2 percent in April, the latter a record for this series.
Definition
The S&P Corelogic Case-Shiller home price index tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the nation. Composite indexes and regional indexes measure changes in existing home prices and are based on single-family home resales. Condominiums and co-ops are excluded as is new construction. Note that forecasters, in line with recommendations from Standard & Poor's questioning the accuracy of seasonal adjustments, track both seasonally adjusted and not seasonally adjusted monthly data for this indicator.
9:00a FHFA House Price Index
Month over Month 1.4% actual vs 1.5% (rev) prior
Year over Year 18.3% actual vs 18.9% (rev) prior
Definition
The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. The House Price Index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. In contrast to other house price indexes, the sample is limited by the ceiling amount for conforming loans purchased by these government-sponsored enterprises (GSE). Mortgages insured by the FHA, VA, or other federal entities are excluded because they are not "conventional" loans. The FHFA House Price Index is a repeat transactions measure. It compares prices or appraised values for similar houses and applies to both purchases and refinancing.
CV19 Vax Lies – Greatest Trust Destroyer in Human History – Steve Kirsch
By Greg Hunter
On July 23, 2022
Steve Kirsch was a Big Tech CEO who retired from his job after he was double vaxed for Covid 19. Not long after, he learned the entire injection and Covid narrative did not match the science or the facts. The vaccines, for example, were not safe and effective as he was led to believe. Healthy people he knew were dropping dead after they were vaxed. So, Kirsch who holds two degrees from MIT, started a quest to learn everything about CV19 and the so-called vaccines used to treat it. In the process, he became a warrior for truth and posted his cutting-edge journalism and analysis that exposed huge Covid19 lies on his wildly popular Substack.com site. Kirsch explains, “I actually look at the science to see if that backs up what the recommendations are, and every time, I am surprised to find out the actual science doesn’t match what we are being told. This is true for the vaccines, this is true for the masks, and for basically any of the interventions we have been told about. The ‘six feet rule,’ even something as simple as that, you can’t find a paper that says it’s 6 feet as opposed to 7 feet, or 5 feet or whatever. It’s much more complicated than that.”
Kirsch says, “Whenever I have an audience, I ask people, ‘How many people in your household died from Covid?’ There will be one hand or two hands. Then I ask, ‘How many people do you know died from the Covid vaccine?’ The last time I asked that question, it was a 7 to 1 ratio. 7 times more people reported a death from the vaccines. If they are wrong even by a factor of 10 . . . it is still a disaster beyond proportion. . . . I saw a tweet from a doctor saying how much longer are we going to pretend that these (vax death) incidents are just bad luck? He is basically saying we know the vaccine is causing this, but we can’t speak out because we will be fired and have our hospital privileges revoked. We will have our licenses to practice medicine revoked. This is why you are not seeing doctors who realize this speaking out. They all have to remain silent.”
Kirsch goes on to say, “This is the biggest catastrophe in American history. Even a member of the EU parliament recently said this. She said these vaccines are the biggest disaster ever.”
The massive amount of victims of this vaccine fraud are waking up to the fact they have been poisoned and murdered. Kirsch says, “They are not going to be happy. I don’t want to predict what they are going to do, but a lot of people are going to be extremely upset. I think at minimum, they will not trust anything from the CDC, FDA and NIH ever again. That’s at a minimum, and they won’t trust the mainstream media either. They won’t trust representations from Congress because most of the people in Congress are saying get your vaccine. This will destroy trust in the mainstream media, Congress, in the mainstream medical community, in government agencies and medical science in general. It will be the greatest trust destroyer in human history, these Covid vaccines. This is not just in the U.S., this is worldwide. When people figure out that they were told by their government to take a shot that was way more likely to kill them than to save them, people are going to be livid. It won’t just be a few people that will be livid, it will be a lot of people.”
There is much more in the 1-hour and 10-minute interview.
Join Greg Hunter from USAWatchdog.com on Rumble as he goes One on One with CV19 truth warrior Steve Kirsch.
https://rumble.com/v1ddidj-cv19-vax-lies-destroyed-trust-everywhere-on-the-planet-steve-kirsch.html
After the Interview:
You can find lots of free information and analysis on the Steve Kirsch Newsletter page like his latest post called “Will physicians EVER speak out"? https://bit.ly/3ztS2qJ
https://usawatchdog.com/cv19-vax-lies-greatest-trust-destroyer-in-human-history-steve-kirsch/
CV19 Vax Lies – Greatest Trust Destroyer in Human History – Steve Kirsch
By Greg Hunter
On July 23, 2022
Steve Kirsch was a Big Tech CEO who retired from his job after he was double vaxed for Covid 19. Not long after, he learned the entire injection and Covid narrative did not match the science or the facts. The vaccines, for example, were not safe and effective as he was led to believe. Healthy people he knew were dropping dead after they were vaxed. So, Kirsch who holds two degrees from MIT, started a quest to learn everything about CV19 and the so-called vaccines used to treat it. In the process, he became a warrior for truth and posted his cutting-edge journalism and analysis that exposed huge Covid19 lies on his wildly popular Substack.com site. Kirsch explains, “I actually look at the science to see if that backs up what the recommendations are, and every time, I am surprised to find out the actual science doesn’t match what we are being told. This is true for the vaccines, this is true for the masks, and for basically any of the interventions we have been told about. The ‘six feet rule,’ even something as simple as that, you can’t find a paper that says it’s 6 feet as opposed to 7 feet, or 5 feet or whatever. It’s much more complicated than that.”
Kirsch says, “Whenever I have an audience, I ask people, ‘How many people in your household died from Covid?’ There will be one hand or two hands. Then I ask, ‘How many people do you know died from the Covid vaccine?’ The last time I asked that question, it was a 7 to 1 ratio. 7 times more people reported a death from the vaccines. If they are wrong even by a factor of 10 . . . it is still a disaster beyond proportion. . . . I saw a tweet from a doctor saying how much longer are we going to pretend that these (vax death) incidents are just bad luck? He is basically saying we know the vaccine is causing this, but we can’t speak out because we will be fired and have our hospital privileges revoked. We will have our licenses to practice medicine revoked. This is why you are not seeing doctors who realize this speaking out. They all have to remain silent.”
Kirsch goes on to say, “This is the biggest catastrophe in American history. Even a member of the EU parliament recently said this. She said these vaccines are the biggest disaster ever.”
The massive amount of victims of this vaccine fraud are waking up to the fact they have been poisoned and murdered. Kirsch says, “They are not going to be happy. I don’t want to predict what they are going to do, but a lot of people are going to be extremely upset. I think at minimum, they will not trust anything from the CDC, FDA and NIH ever again. That’s at a minimum, and they won’t trust the mainstream media either. They won’t trust representations from Congress because most of the people in Congress are saying get your vaccine. This will destroy trust in the mainstream media, Congress, in the mainstream medical community, in government agencies and medical science in general. It will be the greatest trust destroyer in human history, these Covid vaccines. This is not just in the U.S., this is worldwide. When people figure out that they were told by their government to take a shot that was way more likely to kill them than to save them, people are going to be livid. It won’t just be a few people that will be livid, it will be a lot of people.”
There is much more in the 1-hour and 10-minute interview.
Join Greg Hunter from USAWatchdog.com on Rumble as he goes One on One with CV19 truth warrior Steve Kirsch.
https://rumble.com/v1ddidj-cv19-vax-lies-destroyed-trust-everywhere-on-the-planet-steve-kirsch.html
After the Interview:
You can find lots of free information and analysis on the Steve Kirsch Newsletter page like his latest post called “Will physicians EVER speak out"? https://bit.ly/3ztS2qJ
https://usawatchdog.com/cv19-vax-lies-greatest-trust-destroyer-in-human-history-steve-kirsch/
Today's Economic Calendar
FOMC meeting begins
9:00 S&P Corelogic Case-Shiller Home Price Index
9:00 FHFA House Price Index
10:00 Consumer Confidence
10:00 New Home Sales
10:00 Richmond Fed Mfg.
1:00 PM Results of $46B, 5-Year Note Auction
1:00 PM Money Supply
Today's Markets
In Asia, Japan -0.24%. Hong Kong +1.67%. China +0.83%. India -0.84%.
In Europe, at midday, London +0.57%. Paris -0.1%. Frankfurt -0.3%.
Futures at 6:20, Dow -0.39%. S&P -0.27%. Nasdaq -0.31%. Crude +1.79% to $98.43. Gold +0.01% to $1719.30. Bitcoin -3.92% to $21,123.
Ten-year Treasury Yield -4.4 bps to 2.776%
When children play robots at chess,
The message is simple: Don’t mess;
Some kids gotta learn
To wait for their turn
Or wind up with one finger less.
https://t.co/BkoKCrzuXu
-Mick Twister
Today's Economic Calendar
FOMC meeting begins
9:00 S&P Corelogic Case-Shiller Home Price Index
9:00 FHFA House Price Index
10:00 Consumer Confidence
10:00 New Home Sales
10:00 Richmond Fed Mfg.
1:00 PM Results of $46B, 5-Year Note Auction
1:00 PM Money Supply
Today's Markets
In Asia, Japan -0.24%. Hong Kong +1.67%. China +0.83%. India -0.84%.
In Europe, at midday, London +0.57%. Paris -0.1%. Frankfurt -0.3%.
Futures at 6:20, Dow -0.39%. S&P -0.27%. Nasdaq -0.31%. Crude +1.79% to $98.43. Gold +0.01% to $1719.30. Bitcoin -3.92% to $21,123.
Ten-year Treasury Yield -4.4 bps to 2.776%
When children play robots at chess,
The message is simple: Don’t mess;
Some kids gotta learn
To wait for their turn
Or wind up with one finger less.
https://t.co/BkoKCrzuXu
-Mick Twister
Mint 1952 Mickey Mantle card could fetch record price at auction
NEW YORK -- A decades-old, mint condition Mickey Mantle baseball card could break a record at auction.
The collectors' item from 1952 features one of baseball's most celebrated and charismatic legends, and is widely regarded as one of just a handful in near-perfect condition.
It's estimated the card could exceed $10 million when the auction ends Aug. 27. The record is $6.6 million for a 1909 Honus Wagner card that was sold at auction a year ago, months after another 70-year-old Mantle card fetched $5.2 million.
Interest was already heavy Monday when the auction debuted online, with bidding up to at least $4.2 million.
Heritage Auctions
No matter the final price for the rare Mantle rookie card, it will be a hefty profit for the current owner, a New Jersey waste management entrepreneur who bought the card for $50,000 at a New York City show in 1991.
"Every time he got up to the plate, the crowd would go crazy, the roars would be there. And he never disappointed you. ... He had that aura about him," card owner Anthony Giordano said of Mantle, who spent his entire career with the New York Yankees from 1951 to 1968. "Whether you're from the New York area or not, or a Yankees fan, it was always Mickey Mantle that was highlighted."
The switch-hitting Mantle -- the Mick -- was a Triple Crown winner in 1956, a three-time American League MVP and a seven-time World Series champion. The Hall of Famer, who died in 1995, was considered a humble player on the field. When he hit a home run, he would often run the bases with his head bowed.
"I figured the pitcher already felt bad enough without me showing him up rounding the bases," Mantle once said.
As for the baseball card, its rarity is on par with its subject's mythical reputation.
"The quality of the card is the key," said Derek Grady, the executive vice president of sports auctions for Heritage Auctions, which is running the bidding. "Four sharp corners, the gloss and the color jumps off the card."
Grady said that the collectibles market is having a renaissance, noting that cards that are "the crème de la crème, the best of the best, are still selling despite the economy right now," and that Mantle, "the king" of baseball cards, "has always done well."
Giordano, 75, said it was time to give the Mantle card a new home.
"It's the right thing to do," he said. "My boys and I have had the cards for over 30 years, and we've enjoyed it. We've enjoyed showing anybody that's close to me -- friends and relatives -- and I think it's time for someone else."
The card will be on display in Atlantic City from Wednesday through Sunday at the National Sports Collectors Convention, and at the New York office of Heritage Auctions the following week.
https://www.espn.com/mlb/story/_/id/34293166/mint-1952-mickey-mantle-card-fetch-record-price-auction
Mint 1952 Mickey Mantle card could fetch record price at auction
NEW YORK -- A decades-old, mint condition Mickey Mantle baseball card could break a record at auction.
The collectors' item from 1952 features one of baseball's most celebrated and charismatic legends, and is widely regarded as one of just a handful in near-perfect condition.
It's estimated the card could exceed $10 million when the auction ends Aug. 27. The record is $6.6 million for a 1909 Honus Wagner card that was sold at auction a year ago, months after another 70-year-old Mantle card fetched $5.2 million.
Interest was already heavy Monday when the auction debuted online, with bidding up to at least $4.2 million.
Heritage Auctions
No matter the final price for the rare Mantle rookie card, it will be a hefty profit for the current owner, a New Jersey waste management entrepreneur who bought the card for $50,000 at a New York City show in 1991.
"Every time he got up to the plate, the crowd would go crazy, the roars would be there. And he never disappointed you. ... He had that aura about him," card owner Anthony Giordano said of Mantle, who spent his entire career with the New York Yankees from 1951 to 1968. "Whether you're from the New York area or not, or a Yankees fan, it was always Mickey Mantle that was highlighted."
The switch-hitting Mantle -- the Mick -- was a Triple Crown winner in 1956, a three-time American League MVP and a seven-time World Series champion. The Hall of Famer, who died in 1995, was considered a humble player on the field. When he hit a home run, he would often run the bases with his head bowed.
"I figured the pitcher already felt bad enough without me showing him up rounding the bases," Mantle once said.
As for the baseball card, its rarity is on par with its subject's mythical reputation.
"The quality of the card is the key," said Derek Grady, the executive vice president of sports auctions for Heritage Auctions, which is running the bidding. "Four sharp corners, the gloss and the color jumps off the card."
Grady said that the collectibles market is having a renaissance, noting that cards that are "the crème de la crème, the best of the best, are still selling despite the economy right now," and that Mantle, "the king" of baseball cards, "has always done well."
Giordano, 75, said it was time to give the Mantle card a new home.
"It's the right thing to do," he said. "My boys and I have had the cards for over 30 years, and we've enjoyed it. We've enjoyed showing anybody that's close to me -- friends and relatives -- and I think it's time for someone else."
The card will be on display in Atlantic City from Wednesday through Sunday at the National Sports Collectors Convention, and at the New York office of Heritage Auctions the following week.
https://www.espn.com/mlb/story/_/id/34293166/mint-1952-mickey-mantle-card-fetch-record-price-auction
Flood insurance hikes on horizon
A report from FEMA claims higher prices may drive a falloff of 1 million policies compared to the beginning of the decade.
BY MICHAEL PHILLIS
Associated Press
July 25, 2022
ST. LOUIS — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.
But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates 1 million fewer Americans will buy flood insurance by the end of the decade — a sizable number of people at risk of catastrophic financial loss.
As climate change drives increased flood risk in many areas, FEMA has updated its flood insurance program to more accurately reflect risk, but also make it more solvent. It’s a response in part to criticism that taxpayers were funding big payouts when coastal mansions in risky locations flooded.
But nine senators from both parties expressed “serious concerns” about the new pricing system in a letter last September, after hearing that the agency’s internal numbers predicted policies would drop off by 20%. The next month FEMA told the AP those figures were “misleading” and “taken out of context” and that on the subject of how many people will be insured “there is no study or report to share.”
The agency painted a different picture at the end of the year when it sent a report to the treasury secretary and a handful of congressional leaders saying higher prices would drive a falloff of 1 million policies compared to the beginning of the decade.
The issue of how many people go uninsured for flooding is vital, said Chad Berginnis, executive director of the Association of State Floodplain Managers.
“We are talking the basic economic health, I think of not only our households and businesses, but our communities at large” if fewer people buy flood insurance, he said.
The federal flood insurance program was started when many private insurers stopped offering policies in high-risk areas. It operates in the red, paying out more in claims than it collects in premiums.
By more accurately setting rates, the update, officially referred to as Risk Rating 2.0, makes it more expensive to develop in flood-prone regions, shifting the risks of disaster toward those homeowners.
Risk Rating 2.0 will factor in a property’s unique flood risk — like its distance to water and cost to rebuild. The old system was based largely on a home’s elevation and whether it was in a designated flood zone. Most policyholders will now see their rates go up. But for the first time, nearly a quarter of policyholders will see theirs go down. Buyers of new policies began seeing the new prices in October.
FEMA downplayed the report obtained by the AP as a pessimistic projection, aimed at forecasting finances, not insurance participation. The agency said it has not directly studied how many people will buy flood insurance.
“There’s numerous reasons that growth could occur as time goes on,” said David Maurstad, a senior executive of the National Flood Insurance Program, adding that an enrollment analysis should consider the agency’s marketing efforts, the program’s clear messaging of flood risk, price decreases and other factors.
But critics like Sen. Bob Menendez, D-N.J., said affordability is a problem and FEMA didn’tclose the impact of those higher costs.
“This report makes it crystal clear that FEMA failed to be transparent with policyholders, Congress, and ultimately the American public,” Menendez said in a statement. It shouldn’t have taken a records request for details to emerge, he said.
When Francisca Acuña, a climate and community activist in Austin, Texas, was given a new quote, it was hard for her to believe.
“I go, ‘No, you’re making a mistake,’” she said.
Acuña had previously paid $446 a year. Under Risk Rating 2.0, she was quoted $1,893. Rate increases that large are rare. Increases are generally capped at 18% a year, but Acuña, juggling other expenses, had let her policy lapse so she was required to pay the full amount right away.
“There’s no way, no how, that I can afford it,” Acuña said.
Told of Acuña’s situation, Maurstad said the rates reflect actual risk. It’s unfortunate when people face big increases, but ensuring the financial health of the program and accurate rates, is “good public policy,” he said.
Jim Rollo, a New York-based insurance agent, said he’s seeing a change in some buyer attitudes. Some seem more skeptical about properties that have previously flooded and have higher premiums. Others “roll the dice” and forgo costly insurance if it’s not required.
“We are writing fewer policies than we were before,” Rollo said.
Congress should create an affordability program for people struggling to buy insurance and fund efforts to improve flood protections, said Joel Scata, a lawyer at the Natural Resources Defense Council, an environmental advocacy group.
But Maurstad said FEMA’s mission is different from the private sector. FEMA must help people “before, during and after” disasters, as well as charge premiums that are risk-based and financially sound.
“We have certain responsibilities we are charged with. The number of policies sold isn’t one of them, again, because we are a government program,” he said.
Nevertheless, the agency report predicts that the program, even with higher revenue, will continue to sink deeper into debt.
https://tampabaytimes-fl.newsmemory.com
Flood insurance hikes on horizon
A report from FEMA claims higher prices may drive a falloff of 1 million policies compared to the beginning of the decade.
BY MICHAEL PHILLIS
Associated Press
July 25, 2022
ST. LOUIS — When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it.
But in a FEMA report obtained by The Associated Press under the Freedom of Information Act, the agency estimates 1 million fewer Americans will buy flood insurance by the end of the decade — a sizable number of people at risk of catastrophic financial loss.
As climate change drives increased flood risk in many areas, FEMA has updated its flood insurance program to more accurately reflect risk, but also make it more solvent. It’s a response in part to criticism that taxpayers were funding big payouts when coastal mansions in risky locations flooded.
But nine senators from both parties expressed “serious concerns” about the new pricing system in a letter last September, after hearing that the agency’s internal numbers predicted policies would drop off by 20%. The next month FEMA told the AP those figures were “misleading” and “taken out of context” and that on the subject of how many people will be insured “there is no study or report to share.”
The agency painted a different picture at the end of the year when it sent a report to the treasury secretary and a handful of congressional leaders saying higher prices would drive a falloff of 1 million policies compared to the beginning of the decade.
The issue of how many people go uninsured for flooding is vital, said Chad Berginnis, executive director of the Association of State Floodplain Managers.
“We are talking the basic economic health, I think of not only our households and businesses, but our communities at large” if fewer people buy flood insurance, he said.
The federal flood insurance program was started when many private insurers stopped offering policies in high-risk areas. It operates in the red, paying out more in claims than it collects in premiums.
By more accurately setting rates, the update, officially referred to as Risk Rating 2.0, makes it more expensive to develop in flood-prone regions, shifting the risks of disaster toward those homeowners.
Risk Rating 2.0 will factor in a property’s unique flood risk — like its distance to water and cost to rebuild. The old system was based largely on a home’s elevation and whether it was in a designated flood zone. Most policyholders will now see their rates go up. But for the first time, nearly a quarter of policyholders will see theirs go down. Buyers of new policies began seeing the new prices in October.
FEMA downplayed the report obtained by the AP as a pessimistic projection, aimed at forecasting finances, not insurance participation. The agency said it has not directly studied how many people will buy flood insurance.
“There’s numerous reasons that growth could occur as time goes on,” said David Maurstad, a senior executive of the National Flood Insurance Program, adding that an enrollment analysis should consider the agency’s marketing efforts, the program’s clear messaging of flood risk, price decreases and other factors.
But critics like Sen. Bob Menendez, D-N.J., said affordability is a problem and FEMA didn’tclose the impact of those higher costs.
“This report makes it crystal clear that FEMA failed to be transparent with policyholders, Congress, and ultimately the American public,” Menendez said in a statement. It shouldn’t have taken a records request for details to emerge, he said.
When Francisca Acuña, a climate and community activist in Austin, Texas, was given a new quote, it was hard for her to believe.
“I go, ‘No, you’re making a mistake,’” she said.
Acuña had previously paid $446 a year. Under Risk Rating 2.0, she was quoted $1,893. Rate increases that large are rare. Increases are generally capped at 18% a year, but Acuña, juggling other expenses, had let her policy lapse so she was required to pay the full amount right away.
“There’s no way, no how, that I can afford it,” Acuña said.
Told of Acuña’s situation, Maurstad said the rates reflect actual risk. It’s unfortunate when people face big increases, but ensuring the financial health of the program and accurate rates, is “good public policy,” he said.
Jim Rollo, a New York-based insurance agent, said he’s seeing a change in some buyer attitudes. Some seem more skeptical about properties that have previously flooded and have higher premiums. Others “roll the dice” and forgo costly insurance if it’s not required.
“We are writing fewer policies than we were before,” Rollo said.
Congress should create an affordability program for people struggling to buy insurance and fund efforts to improve flood protections, said Joel Scata, a lawyer at the Natural Resources Defense Council, an environmental advocacy group.
But Maurstad said FEMA’s mission is different from the private sector. FEMA must help people “before, during and after” disasters, as well as charge premiums that are risk-based and financially sound.
“We have certain responsibilities we are charged with. The number of policies sold isn’t one of them, again, because we are a government program,” he said.
Nevertheless, the agency report predicts that the program, even with higher revenue, will continue to sink deeper into debt.
https://tampabaytimes-fl.newsmemory.com
Kunstler: The Wrecking Crew Will Be Overcome
By James Howard Kunstler
July 25, 2022
We stumble into the horse latitudes of summer feeling trapped in the stillness. The heat disorders minds — and these are minds already scrambled by official propaganda. We are this close to a general recognition that the Covid vaccines were a deadly scam, even while Rochelle Walensky of the CDC keeps pushing boosters on TV and the entire public health bureaucracy stands by silently behind this murderous fakery. When their trials finally come, will they plea that they just didn’t know? How is that possible? (It’s not.)
The crisis of the vaccinated is coming and there won’t be any hiding it. Anyway, nobody expects actual news reporting out of the legacy media. It will get around through the alt.media for sure, and already is, but the real spread will proceed when all the everyday people see themselves and those around them get sick, and realize they have one thing in common: those vaxxes they submitted to. It’s already happening.
In keeping with the principles of mass formation psychosis, the maliciously insane people in charge of our nation’s affairs will expect you to swallow ever-greater absurdities to maintain their control (and protect themselves). But we’re way beyond the “women-with-penises” stage of the mind-fuckery program. Nobody with a functioning brain believes that bullshit anymore — except the people who run the California prison system. Next up, apparently, is a hot little war with Russia or China, a useful distraction from the systematic self-dismantling of Western Civ.
“Joe Biden” has sent troops from the 82nd and 101st Airborne Divisions to Europe, supposedly to “train” the NATO forces of Euroland. Is this some kind of bluff? Or does “Joe Biden” and Company imagine that they’ll pull off some blitzkrieg counter-offensive on-the-ground in Ukraine and recapture territory secured by Russia painfully since February. If we send troops into Ukraine proper, it would amount to a deliberate sacrifice of our supposedly best soldiers in a meat-grinder. Maybe the purpose is simply to further weaken the US military, humiliate NATO, and hasten the death of the West.
Of course, we have no real strategic national interest in Ukraine. We had no quarrel all the years that the Russian Soviets owned and operated it. We set in motion the current conflict by cooking up the 2014 color revolution. (There followed the fat years for Hunter Biden converting US aid money into revenue for his many shell corporations.) I doubt that a plurality of Americans will fall for another such stupid Hate Russia ploy. We’ve had enough pointless and costly foreign misadventures. This would be a war exceeding the unpopularity of Vietnam and could easily unleash widespread street protests. Only this time the Left will be pro-war and the Party of Chaos will send out its ragtag army of Antifa trannies to make the street protests bloodier. It will be seen for what it is: the ruling regime’s war on its own people. And it will be overcome.
Vying in the absurdity Olympics, the World Health Organization (WHO) just declared Monkeypox a Public Health Emergency of International Concern (PHEIC) — but only after the outfit’s chief, Tedros Adhanom Ghebreyesus, overruled a WHO committee that voted against such a move. Monkeypox, you understand, is a disease spread almost exclusively among the gay population, that is, men having sex with men, exchanging bodily fluids. Outbreaks have been keyed to gay orgies, especially during the recent June “Pride Month” festivities. Do you think it might be more appropriate for the WHO to issue an advisory against gay orgies?
But, really, it’s just another obvious power-grab, an attempt by the Schwabenklausian maniacs to push people around and wreck the economy in order to Build Back Better — that is, to orchestrate a program of severe digital social control for managing its depopulation event. The US Department of Defense (DOD) is now authorized under the 2022 National Defense Authorization Act (NDAA) to administer a mandatory vaccine program, while the CDC has bought millions of doses of supposed monkeypox vaccine.
Knowing how deadly the Covid vaxxes were, do you really think that masses of Americans who happen to not engage in gay sex might line-up willingly for these new shots? I kind of doubt it. The idiotic war provocations, the renewed climate hysteria, and dishonest health scares are devices for postponing, cancelling, or screwing around with the US midterm election. If the Left loses the US Congress, then the globalists will lose their main weapon: the Party of Chaos. Meanwhile, Euroland leaders are already falling and whole governments over there will crash and burn in the months to come.
All of this is happening against the background of a wobbling financial system that is making life unaffordable for what’s left of the middle-classes. One way or another, they will be sharply motivated to rescue their own livelihoods and recreate a country under real rule-of-law in the service of liberty. We await “Joe Biden” and Company’s most desperate move: to turn off the Internet so that Americans won’t be able to communicate easily or remain informed about anything. Of course, if they try that, they’ll also destroy everything that is managed automatically by computers in this land and plunge America into battle against the demented bureaucracy that rules us.
https://kunstler.com/clusterfuck-nation/the-wrecking-crew-will-be-overcome/
Kunstler: The Wrecking Crew Will Be Overcome
By James Howard Kunstler
July 25, 2022
We stumble into the horse latitudes of summer feeling trapped in the stillness. The heat disorders minds — and these are minds already scrambled by official propaganda. We are this close to a general recognition that the Covid vaccines were a deadly scam, even while Rochelle Walensky of the CDC keeps pushing boosters on TV and the entire public health bureaucracy stands by silently behind this murderous fakery. When their trials finally come, will they plea that they just didn’t know? How is that possible? (It’s not.)
The crisis of the vaccinated is coming and there won’t be any hiding it. Anyway, nobody expects actual news reporting out of the legacy media. It will get around through the alt.media for sure, and already is, but the real spread will proceed when all the everyday people see themselves and those around them get sick, and realize they have one thing in common: those vaxxes they submitted to. It’s already happening.
In keeping with the principles of mass formation psychosis, the maliciously insane people in charge of our nation’s affairs will expect you to swallow ever-greater absurdities to maintain their control (and protect themselves). But we’re way beyond the “women-with-penises” stage of the mind-fuckery program. Nobody with a functioning brain believes that bullshit anymore — except the people who run the California prison system. Next up, apparently, is a hot little war with Russia or China, a useful distraction from the systematic self-dismantling of Western Civ.
“Joe Biden” has sent troops from the 82nd and 101st Airborne Divisions to Europe, supposedly to “train” the NATO forces of Euroland. Is this some kind of bluff? Or does “Joe Biden” and Company imagine that they’ll pull off some blitzkrieg counter-offensive on-the-ground in Ukraine and recapture territory secured by Russia painfully since February. If we send troops into Ukraine proper, it would amount to a deliberate sacrifice of our supposedly best soldiers in a meat-grinder. Maybe the purpose is simply to further weaken the US military, humiliate NATO, and hasten the death of the West.
Of course, we have no real strategic national interest in Ukraine. We had no quarrel all the years that the Russian Soviets owned and operated it. We set in motion the current conflict by cooking up the 2014 color revolution. (There followed the fat years for Hunter Biden converting US aid money into revenue for his many shell corporations.) I doubt that a plurality of Americans will fall for another such stupid Hate Russia ploy. We’ve had enough pointless and costly foreign misadventures. This would be a war exceeding the unpopularity of Vietnam and could easily unleash widespread street protests. Only this time the Left will be pro-war and the Party of Chaos will send out its ragtag army of Antifa trannies to make the street protests bloodier. It will be seen for what it is: the ruling regime’s war on its own people. And it will be overcome.
Vying in the absurdity Olympics, the World Health Organization (WHO) just declared Monkeypox a Public Health Emergency of International Concern (PHEIC) — but only after the outfit’s chief, Tedros Adhanom Ghebreyesus, overruled a WHO committee that voted against such a move. Monkeypox, you understand, is a disease spread almost exclusively among the gay population, that is, men having sex with men, exchanging bodily fluids. Outbreaks have been keyed to gay orgies, especially during the recent June “Pride Month” festivities. Do you think it might be more appropriate for the WHO to issue an advisory against gay orgies?
But, really, it’s just another obvious power-grab, an attempt by the Schwabenklausian maniacs to push people around and wreck the economy in order to Build Back Better — that is, to orchestrate a program of severe digital social control for managing its depopulation event. The US Department of Defense (DOD) is now authorized under the 2022 National Defense Authorization Act (NDAA) to administer a mandatory vaccine program, while the CDC has bought millions of doses of supposed monkeypox vaccine.
Knowing how deadly the Covid vaxxes were, do you really think that masses of Americans who happen to not engage in gay sex might line-up willingly for these new shots? I kind of doubt it. The idiotic war provocations, the renewed climate hysteria, and dishonest health scares are devices for postponing, cancelling, or screwing around with the US midterm election. If the Left loses the US Congress, then the globalists will lose their main weapon: the Party of Chaos. Meanwhile, Euroland leaders are already falling and whole governments over there will crash and burn in the months to come.
All of this is happening against the background of a wobbling financial system that is making life unaffordable for what’s left of the middle-classes. One way or another, they will be sharply motivated to rescue their own livelihoods and recreate a country under real rule-of-law in the service of liberty. We await “Joe Biden” and Company’s most desperate move: to turn off the Internet so that Americans won’t be able to communicate easily or remain informed about anything. Of course, if they try that, they’ll also destroy everything that is managed automatically by computers in this land and plunge America into battle against the demented bureaucracy that rules us.
https://kunstler.com/clusterfuck-nation/the-wrecking-crew-will-be-overcome/
10:30a Dallas Fed Manufacturing Survey
General Activity Index -22.6 actual vs -17.7 prior
Consensus Outlook
The Dallas Fed's general activity index, despite very high energy prices, has been in negative ground and little relief is expected. After June's minus 17.7, July is expected to come in at minus 12.0.
Definition
The Dallas Fed Manufacturing Survey tracks factory activity in Texas on a monthly basis. Firms are asked whether output, employment, orders, prices and other indicators increased, decreased or remained unchanged over the previous month. Responses are aggregated into balance indexes where positive values generally indicate growth while negative values generally indicate contraction. About 100 manufacturers regularly participate in the survey.