American consumers are now facing 7%+ mortgage rates, 4.2%+ inflation, and a 30% loss in the purchasing power of the US Dollar since 2020.
Meanwhile, US CPI inflation continues to follow a similar trajectory as the late 1970s.
Will history repeat itself?
Incomes not keeping pace with inflation has been the persistent economic issue for tens of millions of Americans for quite some time.
When Congress borrows trillions and runs massive deficits, it is still an effective tax increase — it just comes in the form of higher prices.
The 3x Semiconductor ETF is up 1,550% over the last year. That's a 16x return.
The last time we saw moves like this was in 1999-2000 during the dot-com bubble.
But today's version is even more extreme because leverage allows investors to pour gasoline on the fire.
In 1992 Al Gore predicted that within two decades, Florida would lose 60% of its population due to climate change.
Today, 34 years later, Florida's population is 425% higher than it was in 1992.
Russell Crowe stopped a mob of autograph seekers in Paris and made his terms very clear.
"Don't fu*king push in on me. As soon as somebody's a dick, I'm gone."
Honestly, fair enough.
JEFF BEZOS SAYS: "WE DON'T HAVE A REVENUE PROBLEM IN THIS COUNTRY. WE HAVE A SPENDING PROBLEM."
"A nurse in Queens who makes $75,000 a year pays more than $12,000 a year in taxes."
His suggestion:
"How about we start by having the nurse in Queens not pay taxes at all? We shouldn't be asking this nurse in Queens to send money to Washington. They should be sending her an apology."
The math behind it: "The bottom half of income earners in this country pay only 3% of the taxes."
He added the US already has "the most progressive tax system in the world. The top 1% of taxpayers pay 40% of all the tax revenue."
Jeff Bezos explains to @AOC how billionaires are created: providing at least a billion dollars in value to society -- the opposite of exploitation.
Bezos: "Let me give you a simple example. Let’s say you start a burger joint, and you have 10 employees, and you make a little bit of money.”
SORKIN: “Right.”
Bezos: “Until you have — this is — this just one — one outlet. And by the way, these are the most delicious burgers in the world. People love your burgers, Andrew. And so then, you open a second outlet —”
SORKIN: “Right.”
Bezos: “— and now you’re making a little bit more money, and you have 20 employees. Nd you open a third outlet. By the time you’ve opened a thousand outlets, you are a billionaire.”
SORKIN: “Right.”
Bezos: “And by the way, this is a real life story, it happens all the time, it’s In-N-Out Burger, it’s Raising Cane’s Chicken. At what point did that money all of a sudden become unethical, or it didn’t? There was one outlet, and then there were two, and then there were three. What you’re doing — the way — the way you make a billion dollars, or a hundred million dollars, or 10 million dollars, or anything, is you create a service that people love. And if millions of people choose your service, you’re going to end up with a billion dollars.”
SORKIN: “Right.”
Bezos: “And you can, you know, just try it with a chicken franchise.”
SORKIN: “Do you think though —”
Bezos: “But your chicken has to be good.”
Prestigious doctor leaves a crowded room stunned after asking pro-abortion politicians:
"If abortion is healthcare, my question is: what disease are you treating?"
I told Senator Sheldon WhiteClub today that I won’t be listening to or caring about any of his lessons on morality knowing that he joined an all-white Rhode Island Country Club.
I’m also done with the likes of AOC, Al Gore, John Kerry, and the rest of the lying cabal that make stupid climate predictions, plunder tens of billions of tax dollars, enrich their well-connected allies, and are committed to strangulating out of existence entire sectors of our economy.
Climate alarmist AOC wants to be taken seriously while also insisting the world is imminently about to end due to climate change (Just under 5 years remain on her nutty Jan 2019 prediction that only 12 years of life are left on Earth).
Al Gore is now speaking publicly about his concern with global freezing after decades of grift talking about global warming. “Within the decade there will be no more snows of Kilimanjaro,” said Gore in 2006 (There’s still snow on Kilimanjaro year-round). Gore also predicted in 2009 ice-free Arctic summers within 5-7 years.
John Kerry warned in 2009 that the Arctic would be ice-free by 2013.
These people are dishonest, power-hungry hacks.
The GREEN NEW SCAM is DEAD!!!
A new study of U.S. temperatures from 1899 to 2025 uses 40 million daily records across 1,211 stations
It finds extremes have declined.
The most intense heat remains in the 1930s.
In 1936, about 22% of stations recorded all-time highs. No modern year comes close.
Heat waves peak between 1930 and 1944, then drop and only partly recover. The long-term trend is flat to down.
Cold extremes also decline, but mostly at night. This is largely a product of urbanization over the decades, which traps heat and so lifts overnight lows.
Overall, the extreme temperature burden is down about 30%.
U.S. temperatures are less extreme today, not more.