Rising

Biden Begs OPEC to Boost Oil Production to Combat Rising Gas Prices After Canceling Drilling and Keystone Pipeline

Biden Begs OPEC to Boost Oil Production to Combat Rising Gas Prices After Canceling Drilling and Keystone Pipeline Tap here to add The Western Journal to your home screen.

Portland Forms Special Police Unit To Fight Rising Murder Rate But Cops Don’t Want To Join

The city of Portland, Oregon has finally figured out that it needs police to fight violent crime. As the murder rate in the city ticks up, they’ve decided to put together a special unit to combat the problem. Unfortunately for them, there aren’t many police who want the job. Who can blame them? The Washington…

‘Covid Cases Are Now Rising in Communities with Low Vaccination Rates’

‘Covid Cases Are Now Rising in Communities with Low Vaccination Rates’ – Joe Biden Continues His War on Unvaccinated Americans (VIDEO) Tap here to add The Western Journal to your home screen.

Sydney, Australia Goes Into Hard Lockdown Amid Rising Covid Cases

Australia’s largest city went into a hard lockdown – again – on Saturday amid rising Covid cases. Sydney ordered a shutdown of all construction sites and non-essential retail. 600,000 residents are banned from leaving their neighborhood for work, Reuters reported. Reuters reported: TRENDING: TODAY’S DOUBLE STANDARD JUSTICE SYSTEM: Dem Rep Joyce Beatty STORMS US Capitol,…

Joe Biden Suggests Global Warming and Rising Sea Levels May Have Contributed to Florida Condo Collapse (VIDEO)

Joe Biden traveled to Surfside, Florida on Thursday to deliver remarks on the collapsed condo. Last Thursday morning a portion of the Champlain Towers South condo building in Surfside, Florida collapsed. The death toll rose to 18 on Thursday with 145 people unaccounted for. A reporter asked Biden what he learned about the collapsed condo…

Biden to Cancel Oil and Gas Leases in Alaska’s Arctic Refuge Amid Rising Gas Prices

The Biden Administration will suspend all oil and gas contracts in Alaska’s Arctic National Wildlife Refuge amid rising gas prices. The national average price of gas per gallon in the US is $3.045 as of Tuesday, June 1. Gas prices have spiked in Southern California to $6 per gallon. Joe Biden is now freezing all…

Beige Book Finds Prices Rising Everywhere

One month after the November Beige Book toed the “modest recovery” party line with most of the Fed’s 12 districts characterizing economic expansion as the trite “modest or moderate”, even as four districts described “little or no growth” while five narratives noted that activity remained below pre-pandemic levels for at least some sectors, the economy…

The Probability Of Stagflation Is Rising

Authored by Bryce Coward via Knowledge Leaders Capital blog, This week we were privy to both new inflation and initial unemployment claims data. The CPI data revealed a rather mundane inflation scenario. Meanwhile, the weekly initial claims number came in at a whopping 853K and missed estimates by the largest amount since June. Yet, even…

Rising Up – Anti-Lockdown Protests Spread Across Europe

Via Off-Guardian.org, As the alleged “second wave” of the Coronavirus “pandemic” is reported to be sweeping across Europe in recent weeks, many governments have enthusiastically embraced their totalitarian side and granted themselves sweeping new “emergency powers” alongside new lockdown measures. The public has been markedly less co-operative this time around. Rebelling against the seemingly arbitrary…

Xi’s Forbearance Mode Ends With Rising SOE Defaults

By Ye Xie, macro commentator at Bloomberg Beijing is moving away from its implicit support for state-owned enterprises in the bond market. Yongcheng Coal & Electricity’s default this week sent a shock wave through the market, causing dollar bonds of several other Chinese state-owned enterprises to tumble. Over the past two months, three of the five…

As Bitcoin Tops $16k, Dalio Warns Nations Will ‘Outlaw’ Crypto If Prices Keep Rising

The ongoing institutional flow into crypto has pushed Bitcoin back above $16,000 this morning. Source: Bloomberg That is the highest since Jan 2018… Source: Bloomberg But this bullish surge could have consequences as Ray Dalio, the billionaire hedge fund legend, warns that Bitcoin’s price going higher will only force governments to take action. image courtesy…

Why Asset Bubbles Involve So Much More Than Just Rising Prices

Authored by Frank Shostak via The Mises Institute, According to the Financial Times from October 18, 2020, senior Federal Reserve officials are calling for tougher financial regulation to prevent the US central bank’s low interest rate policies from giving rise to excessive risk taking and asset bubbles in the markets. Eric Rosengren, president of the Federal Reserve Bank…