from Kerry Lutz's Financial Survival Network
Kerry Lutz and David Stryzewski discussed various economic topics, including the recent Bitcoin halving and its effects on the market, the potential application of halving to address U.S. debt and inflation, the current economic climate, and the potential of U.S. oil production. They highlighted the need for patience and a focus on supply and demand dynamics, as well as the potential regulatory hurdles and geopolitical risks that could impact the market in the long term. The discussion underscored the need for a strategic and proactive approach to navigating the complex economic challenges ahead, advocating for responsible policies to support sustainable growth.
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“Something will have to give.”
President Joe Biden’s pro-migration border chief is opening new processing centers for Muslim migrants, amid pro-HAMAS riots in U.S. cities and just after Congress granted $3.5 billion more for migration within the $95 billion aid package for Ukraine and Israel.
In a throwaway line of green marketing for her country, Iceland’s Prime Minister Katrín Jakobsdóttir told the Financial Times in late March that her island in the mid-Atlantic should use its abundant energy not for bitcoin mining but for… growing corn(!).
This week, Congress moved closer to passing four separate bills with $95 billion in funding for Ukraine, Israel, Indo-Pacific allies, and the domestic submarine industrial base. This funding has been debated for months, with much of it intended for wars that have been going on—and likely will continue—for a while. In other words, it’s not new or surprising. Yet once again, it will be labeled “emergency spending,” a tool allowing legislators to double down on their fiscal irresponsibility.
I’ll preface my commentary with the obvious: All of the “mostly peaceful” protests by our “college educated” on campuses nationwide that are clearly pro-Hamas and aimed at Jewish students are wrong, illegal, and all involved should either go back to the classes their parents and taxpayers are funding or be arrested and prosecuted to the fullest extent of the law.
Video captured at New York University shows that some of the students protesting there have no idea why.
According to the absurd numbers that the government feeds us, the unemployment rate is very low and there are lots of jobs available. But if what they are telling us is true, why are so many Americans not able to find work? As you will see below, some people haven’t been hired even though they have literally applied for hundreds of jobs. There seems to be an enormous disconnect between what is actually happening in the real economy and the economic narrative that they are constantly pushing. By the time you are done reading this article, I think that you will agree with me.
Does the Fed even matter that much to the real economy and investor portfolios?
You would have thought that after the massive Covid debacles, where government misinformation and disinformation led to untold thousands of unnecessary deaths and gaps within childhood development and education, “they” would have been chastened. Maybe slinked off to hide from their fellow humans out of shame.