This is huge. House Republicans will vote on a bill abolishing the Internal Revenue Service (IRS) and eliminating the income tax. Yay! The problem? No spending cuts. While abolishing both instruments would be amazing, it would need to be followed up with slashing the federal budget. Is this likely? Nope. JUST IN: 🇺🇸 US House […]
Archives for January 2023
Jerome Powell says Federal Reserve is ‘not, and will not be, a ‘climate policymaker’
Federal Reserve Chair Jerome Powell delivered a speech at a forum hosted by Sweden’s Riksbank. He discussed how the U.S. central bank is politically independent and how important this really is to grapple with inflation. Of course, this is hogwash since the Fed is perhaps one of the most political institutions in the United States. […]
World Bank: ‘The global economy is perilously close to falling into recession’
Is the World Bank the ultimate bear? The organization released its latest report on global economic prospects. The forecasts are not good. According to the World Bank, the global economy is expected to grow by just 1.7 percent, which is down from three percent in the previous projection. This would be the third-worst performance, with […]
Egg prices soar 49% in the last year
Have you seen the price of eggs these days? It is not exactly an egg-citing time at the supermarket when you are living paycheck to paycheck. In fact, it is egghausting when you realize that you need to take out a buy now pay later loan to buy a carton of a dozen eggs. Heck, […]
Kevin McCarthy, newly chosen Speaker of the House, is a World Economic Forum member
Why does it seem like every person in a powerful position is a member of the World Economic Forum? Klaus Schwab vil use every means necessary to force ze people to eat ze bugs. The latest person to be discovered as a WEF member is none other than newly chosen Speaker of the House Kevin […]