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Along with record number of people quitting and credit card debt going sky high. I trust government job numbers as much as I trust Hunter Biden to watch my coke.
Well Russia cut off the gas totally now so Europe is fucked unless Biden and the WEF/EU agree to drop sanctions.
Aaaaand here we are next summer and gas pricise in Europe are lower than prior to the Soviet aggression. No sanctions dropped in meantime.
How are they cheaper?
Funny you bring up mis-labeling. If you read into the case more you'd find the FDA sprays all meat with non-organic chemicals, and it's never labeled anywhere. I'm actually looking for a new source of local meat because my current CSA will only guarantee no FDA if I buy whole animal.
Same boat here. Every place I move to, I try to find local farmers that optimally sell by the cut or, worst case, by the quarter. I've seen what good meat does for a body. My son is growing like a weed - he eats 1-2 lbs of meat a day.
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"Today the US government’s debt to GDP ratio is about 120% and its budget deficit is forecast to be about 7% of GDP this year A 300 basis point [interest rate] hike should increase the budget deficit to about 11% of GDP. Since 1991, all 18 other governments with deficits exceeding 11% of GDP and debt to GDP ratios exceeding 110% defaulted within two year. Thus, the Fed could soon be trapped: raising rates could trigger default and not raising them could leave inflation unchecked. Similar dilemmas in other countries have often caused extreme crises, e.g., Argentina Brazil, and Venezela; the US may soon join the club.”
- Luke Gromen in FFTT Tree Rings, 15 July 2022, quoting Hirschman Capital Year-End 2021 Letter.