Category: Economy

Will Beijing De-Dollarize Or Dump US Treasury Debt? Authored by Milton Ezrati via The Epoch Times, Anticipating what tactics Beijing might use against U.S. President Donald Trump amid trade negotiations, several media outlets here, in Europe, and elsewhere have begun to speculate that China will threaten to distance its economy and its trade from the…

Bank Connected To Left Wing Billionaire Giving Loans To Illegal Immigrants To Fight “Systemic Racism” A bank connected to leftwing billionaire Tom Steyer is giving loans to illegal immigrants using a financial loophole—claiming it’s a way to fight “systemic racism”, according to the Daily Wire. Beneficial State Bank, based in Oakland, California, offers loans to immigrants…

It’s a brutal reality to accept that, as you grow older, you may have to deal with bureaucracy, such as the Social Security Administration. This is especially true, as recent government layoffs have reduced the number of people available to help. This means that people desperately need help to keep their checks coming, but help…

Why Fishermen Are Catching Fewer Lobsters In Maine Authored by Allan Stein via The Epoch Times (emphasis ours), STONINGTON, Maine—For veteran lobsterman Travis Dammier, it was the end of another trip at sea on a solo voyage to earn a living. He was approaching home, feeling less than excited as he navigated his fishing boat,…

Citigroup Reverses Course On Controversial Firearm Policies Authored by Naveen Athrappully via The Epoch Times, Citigroup reversed its policy requiring retail business clients to refrain from selling firearms to those who haven’t passed background checks, the bank announced in a June 3 statement. Citigroup instituted the policy in March 2018. It also included restricting clients…

For most people in the FIRE world, the concept of the 4% safe withdrawal rate is considered set in stone. Knowing that this is the amount of money you can live on every year as a retiree is a fundamental tenet of the entire retire early movement. The challenge is that most people aren’t entirely…

UK Makes Solar Panels Mandatory On Most New Homes Authored by Carl Deconinck via Brussels Signal, The “vast majority” of new homes in England will soon be fitted with solar panels as standard, UK energy secretary Ed Miliband has confirmed. Developers warned of added costs and bureaucratic hurdles. The announcement, part of the forthcoming Future…

Dave Ramsey put it pretty bluntly when a caller with a $200,000 combined income rang in asking what their next move is with their $8,000 debt and lack of emergency savings. He said to “cut up” those credit cards and pay off that credit card debt already. Indeed, Ramsey is right on the money as…

These Are The U.S. States With The Most Drug Use Drug abuse has long been a serious issue in the United States, with the so-called “War on Drugs” dating back to 1971 under President Nixon. Despite decades of efforts to fight addiction, the problem remains widespread and deadly. More than 80,670 Americans died from drug…

Wood Pellets: America’s Underrated Power Play Authored by Darrell Smith, Executive Director of the U.S. Industrial Pellet Association via RealClearEnergy, In an energy conversation dominated by buzzwords and breakthroughs, it’s easy to overlook the quiet, proven solutions that are already delivering results. Exhibit A: wood pellets. These compact cylinders aren’t flashy or trend on social media….

Trump To Deploy National Guard In Los Angeles As Anti-ICE Demonstrations Turn Violent The Trump administration will deploy the National Guard to Los Angeles following several violent confrontations between Immigrations and Customs Enforcement (ICE) and protesters, after ICE agents carried out multiple immigration sweeps throughout the county. Border czar Tom Homan revealed the plans Saturday night in…

Republican Lawmakers Tee-Up Battle Over Transgender Sports In Oregon Authored by Scottie Barnes via The Epoch Times (emphasis ours), The Oregon House of Representatives rejected a bill on June 5 that would have required Oregon schools to designate school sports teams by biological sex. Transgender athlete Liaa Rose finished in 5th place in the girls…

Conservative Colombian Presidential Candidate Uribe Shot In The Head In Bogota Event Conservative Colombian senator Miguel Uribe Turbay was shot in the head on Saturday in an apparent assassination attempt. There was no immediate confirmation from the authorities on the status of his condition. Urgente 🇨🇴 Aquí está el momento del atentado al Dr Miguel…

U.S. Auto Sales Mostly Steady In May As Incentive Spending Drops: Deutsche Bank In a new report out last week Deutsche Bank analysts led by Edison Yu provided an update on the U.S. auto sector, noting that sales in May reached a seasonally adjusted annual rate (SAAR) of 15.7 million units. This figure came in…

Israel Has Sold Record Amount Of Debt In US Since Gaza War Erupted Via Middle East Eye Israel has sold a record amount of debt in the US since its Gaza war erupted on October 7, 2023, according to a report by Bloomberg on Friday.  The government of Israel’s US-based bond broker, Israel Bonds, says it has sold…

Texas Yanks Major Perk From Illegal Aliens – After Pioneering It 24 Years Ago Twenty-four years after being the first in the nation to roll it out, a major perk for illegal aliens in Texas has vanished after the Trump administration filed a federal lawsuit to stop it and the Lone Star State’s attorney general quickly…

‘Very Disrespectful’: Trump ‘Assumes’ Musk Relationship Is Over Update (1715ET): Here’s the latest in the Trump-Musk feud.  Trump told NBC News that there would be “serious consequences” if Musk turns around and backs Democratic candidates to run against Republicans who support the ‘Big Beautiful Bill’ (no doubt a loaded question from NBC).  “If he does, he’ll have to pay the…

FBI Foils Teen’s Bomb And Mass Shooting Plot At Oregon Mall Last month, the FBI foiled a planned mass shooting and bombing at Three Rivers Mall in Kelso, Washington, about 50 miles north of Portland off I-5, according to MyNorthwest.com. On May 22, Columbia County Sheriff’s deputies arrested a teenager—whose name is withheld due to…

Walmart’s Drone Delivery Coming To 5 More US Cities Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Walmart is set to launch its drone delivery service in five more U.S. cities: Atlanta, Charlotte, Houston, Orlando, and Tampa, the company said in a June 5 statement. An undated photograph shows a Walmart drone delivering…

Iran Furious At ‘Racist’ US Travel Ban Targeting Muslim Nations At a moment both sides are still engaged in highly sensitive nuclear negotiations, Iran has strongly condemned US President Donald Trump’s new travel ban, blasting it as “racist” and indicative of Washington’s deep hostility toward Iranians and Muslims. The executive order restricts travel from 19 countries,…

Trump Signs Orders On Deregulating Flying Cars, Supersonic Flight Authored by Jacob Burg via The Epoch Times (emphasis ours), President Donald Trump signed executive orders on June 6 to deregulate and open research and development into flying cars and supersonic aviation technology. A British Airways Concorde jet, the only commercial supersonic plane. Aero Icarus from…

Consumer Debt Surges In April As Student Debt Soars At a time when conventional media “wisdom” claims that US consumers are panicking ahead of a looming recession and aggressively reducing their spending, moments ago we got the latest consumer credit data from the Fed which confirmed none of that. In fact, one month after consumer…

Walmart (NYSE: WMT) may realize Jeff Bezos’ dream of order delivery before Bezos does. As far back as 2013, Bezos created the early version of what he called Amazon Prime Air. He said the systems for delivering Amazon orders would be working in five years. It took a lot longer. Walmart is implementing a program…

USSS Ordered Destruction Of White House Cocaine Day After Closing Case Authored by Susan Crabtree via RealClearPolitics, Two years after the U.S. Secret Service discovered a bag of cocaine in the White House in July, 2023, documents showing orders for its destruction within 24 hours after the agency closed the case are raising new questions…

Ukraine Just ‘Gave Putin A Reason To Bomb The Hell Out Of Them,’ Trump Says On Friday Trump was asked whether Ukraine’s drone strikes deep inside Russia changed his view of Zelensky’s “cards”. For months, Trump has said that Kiev has no cards to play, but reporters wondered if last Sunday’s ‘Operation Spider’s Web’ – which involved…

Trump Reportedly Urged Sen. Graham To Weaken Russian Sanctions Bill Authored by Kyle Anzalone via AntiWar.com, President Donald Trump is quietly leaning on Senator Lindsey Graham (R-SC) to “water down” the sanctions bill on Russia that could see China and India slapped with 500% tariffs. Trump believes he needs the flexibility to engage in talks with Moscow…

“I Just Wish Him Well”: Trump And Musk Turn Down The Temperature, But BBB Still Looms It was a turbulent week in American politics as the Trump–Musk feud erupted over the ‘Big Beautiful Bill’ – shattering their alliance with little indication of reconciliation in the near term, though both men appear to have simmered down.  Speaking…

Key Points A Reddit user shares various benefits of using credit cards over debit. Some of these include getting rewarded for purchases, building credit, and gaining protection. Credit cards are a valuable financial tool, but only when managed well by users. Did you know some credit cards can actually help you get OUT of debt…

The AI Arms Race Could Destroy Humanity As We Know It Authored by Merav Ozair via CoinTelegraph.com, The AI arms race is moving too fast for safety, with companies pushing boundaries and governments lagging. AI-driven dehumanization and the unchecked proliferation of autonomous weapons require responsible leadership before it’s too late. The launch of ChatGPT in…

Riots Erupt At LA ICE Facility As Mexican BLM Clone Unleashes Color Revolution Operation After failing to ignite multiple color revolution-style protests earlier this year targeting Elon Musk and President Trump over DOGE-related efforts, Democrats and their rogue NGO network appear to be at it again—this time staging a new protest movement against Immigration and Customs Enforcement officers in…

People who think Tesla’s (NASDAQ: TSLA) stock is doing poorly should think again. For those who bought it at $480 in mid-December, the current $300 price is ugly. For those who bought it a year ago, their return is up 80%. Tesla traded for $168 last June, which is its 52-week low. Key Points Tesla’s…

Building an investment portfolio can take many forms, a lesson that both new and experienced investors continually learn. One such method that’s increasingly popular during market ups and downs is to focus heavily on dividend stocks that can provide stable returns during unstable times.  Key Points There is a definite trend to earn passive income…

The House Education Committee Gets It Right: Restore Excellence; Dump DEI Authored by Teresa Manning via American Greatness, On May 21, the House Education Committee held a hearing, Restoring Excellence: The Case Against DEI , or “Diversity, Equity, and Inclusion,” a euphemism for neo-racism and therefore a wolf in sheep’s clothing. Thankfully, the hearing got this message…