In today’s world, a troubling trend has emerged: the increasing acceptance of falsehoods as part of public policy. We’ll delve into this assertion shortly, but first, some context is essential.
On Wednesday, the Bureau of Labor Statistics announced that the Consumer Price Index (CPI) rose by 0.3 percent in January. This figure seems reasonable—unless, of course, you had to fuel your vehicle. If you did, you might have felt the sting of rising prices, especially as gasoline surged by 7.4 percent over the same month.
What’s driving this situation?
In the past ten months, the price of oil has experienced a remarkable rebound, climbing from a drastic low in April 2020 to over $58 per barrel for West Texas Intermediate (WTI) crude. Furthermore, the UN Food and Agriculture Organization’s food price index has reached its highest level since July 2014, primarily fueled by a spike in grain prices.
We believe that consumer prices will likely increase much more steeply and swiftly in 2021 than what the analysts at the Bureau of Labor Statistics expect. Continue reading
Before the WallStreetBets community forced Melvin Capital to incur a staggering $7 billion loss, Robinhood was riding high. However, facing such immense losses can be quite stressful, and when things spiral out of control, criticism quickly follows.
One of the more entertaining aspects we’ve heard about is the digital confetti that showers users of Robinhood’s investment app to celebrate stock, options, and cryptocurrency purchases. This colorful display—along with spinning prices and scratch-off rewards—makes trading a thrilling experience. Watching Bitcoin prices flash in neon pink practically screams “buy!”
Engaging with Robinhood is crafted to be both enjoyable and exhilarating. The app even features alert notifications, akin to a video game where the stakes are measured in dollars and cents. With a little ingenuity, participants can potentially strike it rich.
Criticism aimed at Robinhood’s CEO, Vlad Tenev, began in the early hours of January 28, when the National Securities Clearing Corporation (NSCC) notified the company it had to secure $3 billion. Continue reading
Are you unknowingly dependent on Washington? Many individuals are, often without recognition.
A web of false promises has been spun, asserting that wealth can be generated without any actual production, that stimulus checks can be distributed without taxpayers footing the bill, and that access to free solar power can be enjoyed at others’ expense.
At the heart of these illusions are central government and planning authorities, who pledge ease and comfort while fostering dependency. They claim to provide secure retirements and free medications while orchestrating schemes that would astonish even Charles Ponzi.
Social Security may sound appealing. The government takes a portion of your paycheck every two weeks, and after 45 years of participation, you receive a retirement subsidy. Thus, you can enjoy your golden years in comfort. Continue reading
President Biden’s pace is astonishing. His series of impactful measures has been swift, especially on Day 1 when he signed 15 executive orders and 2 agency directives. Surely, he experienced writer’s cramp. Here’s a brief overview of the significant actions taken.
Among the many executive orders, President Biden has vowed to assist the environment by rejoining the Paris climate accord. However, he also risks diminishing America’s energy independence by halting the Keystone XL pipeline.
Additionally, he’s reinstated ties between America and the World Health Organization. For safety’s sake, he has mandated a hundred days of mask-wearing.
Biden is also positioned as a job creator. One of his orders has created a new role: the COVID-19 response coordinator. We imagine this position comes with appealing benefits.
If you’re struggling to meet your rent or mortgage, there’s some positive news. Biden has extended the moratorium on evictions and foreclosures until March 31, with a likelihood of prolongation. And for those who can’t manage student loan repayments, he has also extended the deferment period until at least September 30. Continue reading
As we navigate these perplexing times, it’s vital to stay informed about economic trends and government actions. Misleading narratives can cloud the truth, making it essential to remain critically engaged and aware.
