The Corporate Layoffs Have Started And Leftist Big Tech Is Leading The Pack; Consumers, Workers, and Monopolies: Free Markets Serve All; Hispanic Voters and Political Realignment
China On Verge Of Violent Debt Jubilee As "Disgruntled" Homebuyers Refuse To Pay Their Mortgages
The Corporate Layoffs Have Started And Leftist Big Tech Is Leading The Pack
“If the current stagflation trend continues, layoffs will accelerate into the end of this year and into 2023, likely on a scale similar to 2009.”
“There are two major forces at work within the US economy today that pull in different directions but end up in the same place: These forces are price inflation caused by central bank stimulus along with supply chain instability and recession triggered by rising interest rates. Immense corporate and consumer debt also play a role, but this ties in directly with the interest rate issue.
In other words, we are looking at a classic stagflationary scenario amplified by years of fiat dollar printing by the Federal Reserve. The only element that has been missing is rising unemployment, until now.
The word ‘recession’ is being used liberally lately and there is a good reason for this – It is vague and gives the public little to no idea of what to expect or how bad the economic downturn could get. It is also a convenient distraction from the much more dangerous issue of rising prices. If a ‘recession’ is on the way, won't this mean prices will fall? Not necessarily, at least not anytime soon. “
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Consumers, Workers, and Monopolies: Free Markets Serve All
“The ruling class is claiming that free markets are nothing more than a "trickle-down" scheme. But a free market system really does serve society best.”
“Consumers aren't a section of society; they are not different from others. Anyone who buys goods and services is simply a consumer. In a modern economy, a consumer can buy goods and services with help of a tool called money.”
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Man, Economy, and Tacos: Hispanic Voters and Political Realignment - Radio Rothbard
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss Jill Biden's "Latinx" outreach and recent polling that illustrates a dramatic shift in political voting patterns. Are we seeing the end of the modern political party system? Do the struggles of American progressives reflect a broader global divide between secular and traditionalist politics?”
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China On Verge Of Violent Debt Jubilee As "Disgruntled" Homebuyers Refuse To Pay Their Mortgages
“The names on the list doubled every day in the past three days...”
“While US snowflakes are all too happy to talk the talk (which remains free, even despite Biden's hyperinflation), Chinese residents are increasingly walking the walk. First, it was the violent outcry against mandatory covid vaccines that put an end to Beijing's desire to forcibly innoculate all Beijing residents in just 48 hours - a feat not all of America's armed militias have been able to achieve, and now it's a grassroots push for what appears to be a debt jubillee as millions of homeowners suddenly stop paying their mortgages, a shocking move that has sent shockwaves across China's capital markets and has sparked panic within China's political leadership circles.
As Bloomberg reports overnight, a rapidly increasing number of "disgruntled Chinese homebuyers" are refusing to pay mortgages for unfinished construction projects, exacerbating the country’s real estate woes and stoking fears that the crisis will spread to the wider financial system as countless mortgages default.
According to researcher China Real Estate Information, homebuyers have stopped mortgage payments on at least 100 projects in more than 50 cities as of Wednesday, up from 58 projects on Tuesday and only 28 on Monday, according to Jefferies Financial Group Inc. analysts including Shujin Chen.”
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