As politicians denounce “greedflation,” claiming that “record corporate profits” are what fuels inflation, reality tells us something else. By increasing the supply of money in the economy, the Federal Reserve deliberately inflates, giving us higher prices and distorted production.
Day: August 27, 2024
David Plouffe, Architect of ‘Zuckerbucks,’ Now Advising Kamala Harris
David Plouffe, who managed President Barack Obama’s 2008 presidential campaign and advised Facebook CEO Mark Zuckerberg’s controversial “Zuckerbucks” effort in 2020, is now advising Vice President Kamala Harris’s campaign.
The post David Plouffe, Architect of ‘Zuckerbucks,’ Now Advising Kamala Harris appeared first on Breitbart.
The Korean War Week 010 – MacArthur and the Incheon Meeting – August 27, 1950
Douglas MacArthur has a plan for an amphibious invasion of Incheon, and he thinks it will turn the tide of the war. This week comes his heavy pitch to be allowed to do it to the powers-that-be among American command. The war in the field continues as the UN forces win the Battle of the Bowling Alley, but an air force attack accidentally hits targets over the border in China. Mao Zedong is furious. Also, MacArthur gets flak this week from the President for outspokenly advocating actions counter to US official policy with regard to China, so the Chinese situation grows ever more tense.
Chapters
01:28 Battle of the Bowling Alley
04:14 U.N. Air Power
06:46 Supply Issues
09:05 The British are coming
10:55 Incheon Plans
14:52 The Incheon Meeting
17:06 MacArthur and the VFW
20:25 KPA Plans for Next Week
21:24 Summary
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Director: Astrid Deinhard
Producers: Astrid Deinhard and Spartacus Olsson
Executive Producers: Astrid Deinhard, Indy Neidell, Spartacus Olsson
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Written by: Indy Neidel
Research by: Indy Neidel
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A TimeGhost chronological documentary produced by OnLion Entertainment GmbH.
NewsWare’s Trade Talk: Tuesday, August 27 | NewsWare‘s Trade Talk
S&P Futures are slightly lower this morning as markets await a new catalyst to drive momentum. Earnings after the bell include JWN, BOX, PVH & S. Tomorrow morning KSS, FL, BBWI, ANF CHWY and SJM are set to report. NVDA is the key earnings report for the week, and they are releasing tomorrow afternoon. JD.com announces a 5B buyback. Artal Intl files to sell 6m shares of CAVA. LLY announces a lower cost for its weight loss drug Zepbound. Canada to impose 100% tariffs on Chinese EV’s. National Security advisor Jack Sullivan is in China for 3 days of talks. In Europe, markets are higher due to reduced geopolitical tensions and positive earnings reports. Oil prices are lower and giving back some of yesterday’s big gains, API stockpile estimates due out after the bell.
America’s Reckoning With Reality
by Douglas Macgregor, The American Conservative: The Republican and Democratic National Conventions, always heavy on glamor and light on substance, are over. It’s time to move beyond sloganeering and address reality. In the United States, the price of food is up 21 percent in three years. Thirty-year mortgage rates were 3.7 percent; they are now […]
Trump Invites Musk To Help ‘Drain the Swamp’ in 2nd Administration
by Sean Adl-Tabatabai, The Peoples Voice: Republican presidential candidate Donald Trump has invited Elon Musk to join his new administration to help drain the swamp in D.C. During an appearance on Shawn Ryan’s podcast, Trump said he is looking at offering both the Tesla CEO and RFK Jr. positions in his new administration. Infowars.com reports: […]
If Everything Is So Great, Why Are Millions Of Americans Sleeping In Their Vehicles?
If Everything Is So Great, Why Are Millions Of Americans Sleeping In Their Vehicles?
Authored by Michael Snyder via TheMostImportantNews.com,
Have you noticed an unusual number of vehicles in the parking lots of major retailers in your area at night? If you look closely enough, you will see that many of those vehicles actually have people sleeping in them. At this point, millions of Americans are sleeping in their vehicles every night. This is happening even though we are being told that the economy is just fine. But of course the truth is that the system is failing all around us. So if you get to sleep in a very warm bed in a very warm home, you should consider yourself to be very blessed, because vast numbers of people are really struggling right now.
The primary reason why so many people are living in their vehicles is because the cost of living has soared to unprecedented heights.
In particular, the cost of housing has become extremely oppressive. In fact, housing in the United States has become more unaffordable than it has ever been before.
This week, I was stunned to read about a 33-year-old man named Ishan Abeysekera that is paying $2,100 a month to share a house with 23 other people…
In a city as notoriously expensive as New York, it’s common to see people in their late 20s and early 30s living with roommates to help manage the high cost of living.
But Ishan Abeysekera has taken that to the next level with his current living situation in Brooklyn: a communal building that he shares with a whopping 23 other people.
“When I say I have 23 housemates, people are like ‘What? That sounds wild,’” Abeysekera tells CNBC Make It. “But actually, it’s quite nice.”
That is nuts!
Who would pay that much to live with 23 total strangers?
Of course most Americans can’t afford to pay $2,100 a month for housing.
For example, it is being reported that some flight attendants that work for American Airlines are “sleeping in their cars” because the pay is so low…
Most new flight attendant hires are required to live in cities like Dallas, Miami, and New York, which have high costs of living that they cannot afford, Hedrick noted.
American flight attendants are sleeping in their cars, she said. Some of them fight for trips just for the chance to eat the plane meals, if the pilots don’t take their meals first.
“Our new hire flight attendants are struggling,” Hedrick said, adding that new hires most strongly rejected the 17% hike.
When I was growing up, I always thought that those that were selected as flight attendants had very good jobs.
But those days are long gone.
In this economy, many flight attendants can’t even afford a place to live.
Of course there are millions of others in a similar position. In recent years, “van life” has become quite trendy, and more than 3 million Americans now fall into this category…
“Van life” or “van living” is a term that is becoming more popular around the country. People packing up their lives, moving into a mobile unit and exploring the states.
According to Yahoo Finance, the number of American van lifers has increased by 63% over the last couple of years, going from 1.9 million in 2020, to 3.1 million in 2022.
In the old days, if you lived in a van down by the river you were considered to be a bum.
But in this economy, living in a van down by the river is just considered to be normal.
Needless to say, there are some “van lifers” that choose the lifestyle because of the freedom it offers.
But there are many others that have been forced into this lifestyle. A woman named Michelle Rose that used to own a home in Montana is one of them…
Three and a half years ago, at the beginning of the pandemic, Michelle Rose was about to lose her Montana home, was having issues with her job, lost her mother, and put everything she owned into a van to live in it permanently.
“I was like let’s just do this, let’s just sell the house and get on the road and we will figure out things as we go. It has sort of been a by the seat of my pants kind of life,” said Rose.
Michelle says that finances are the hardest part of van life for her, it is a constant worry and finding work is also challenging.
Another woman named Katie that “works as a manifestation coach and at a local coffee shop” admits that it was a tough mental adjustment when she started to live out of her vehicle…
Katie J., who works as a manifestation coach and at a local coffee shop, spoke about the mental legwork she had to work through in order to reach a sense of belonging in the community.
“Van life is fun and cool and saves money and it’s flashy on Instagram and stuff,” Katie J. said, “but it will bring up a lot for you to work through when it comes to not having roots somewhere … I’m a black woman and I’m already rare in Truckee as is, so to be also living in a van, I had so much stuff around that, so much shadow work to do around the limiting beliefs and feeling like I’m not supposed to be here, and I shouldn’t be parking here and I’m gonna get in trouble.”
A lot of these people have jobs, and a lot of these people would not be officially classified as “homeless”.
But the cost of living crisis has driven them to the brink of losing everything.
Unfortunately, our leaders never seem to learn. They keep borrowing and spending money at an unprecedented rate, and this continues to create even more inflation.
If you can believe it, our government is even spending “up to a quarter million taxpayer dollars” to teach Iraqi kids how to be climate activists…
The State Department is offering up to a quarter million taxpayer dollars to an eligible nonprofit to teach Iraqi teenagers about climate activism.
Iraqi high schoolers could receive “Eco Action Clubs” bankrolled by taxpayers that will teach them how to advocate for environmental reform in their home country, according to a grant solicitation posted by the State Department earlier this month. The clubs will have several objectives, ranging from developing an “eco-agenda and action plan” which will generate “climate change solutions” to running a social media campaign to increase awareness of the climate crisis.
We are literally committing national suicide, but most of the population doesn’t seem to care.
Every election cycle, the big spenders are sent back to Washington over and over again.
Meanwhile, more Americans are being forced to sleep in their vehicles with each passing day.
Please do not look down on those that have been forced to sleep in a vehicle, because with a bit of bad luck just about anyone could end up in the same situation.
* * *
Michael’s new book entitled “Chaos” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
Tyler Durden
Tue, 08/27/2024 – 07:20
Ukraine says 594 Russian soldiers captured in Kursk incursion
Ukraine’s army chief Oleksandr Syrsky said Tuesday that Kyiv’s forces now control 1,294 square kilometres (almost 500 square miles) and 100 settlements in the Russian border region of Kursk. Syrsky added that Ukraine has taken 594 Russian soldiers prisoner during the three-week-long incursion.
The post Ukraine says 594 Russian soldiers captured in Kursk incursion appeared first on Insider Paper.
Olympic Wife Beating Contest””???!”
Overcrowded Bridge Collapses With Over 200 People On | Plainly Difficult
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On 30th October, 2022, an overloaded 140 year old steel cable suspension bridge over the Machchhu River in Morbi, Gujarat, India, collapsed, causing the deaths of at least 141 people and injuries to more than 180 others.
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