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Click On Picture To See Larger PictureThe green new deal just hit the wall, Co2 makes the world greener. Layoffs continue and the economy is breaking apart. Fake news says the quiet part out loud and terrorists are planning to shutdown global trade. The [DS] is now preparing the cyber attack narrative which they most likely use during the election. Trumps fake hush money trial begins, he will not get a fair trial and most likely they will find him guilty and throw him in the clink. Trump acknowledges that 200 million are behind him, the counterinsurgency is working. We the people are the cure.

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Economy

https://twitter.com/tomselliott/status/1779628609876967601

https://twitter.com/WallStreetSilv/status/1779676014395687322

Over 1,300 Layoffs Hit Logistics Companies Across US

Layoffs continue across the freight and logistics industry, with companies in Florida, Georgia, Illinois, Michigan and Texas announcing job reductions and facility closures over the past two weeks

Warren, Michigian-based Universal Logistics is permanently shuttering two of its subsidiaries and laying off a total of 677 employees, according to notices recently filed with the state.The layoffs are related to Universal-operated entities Logistics Insights Corp. and Universal Dedicated of Detroit, an auto parts warehousing and logistics facility. Both operations were in Detroit.Universal Dedicated of Detroit’s closure will affect 230 truck drivers who worked from the facility.  Logistics Insights Corp.’s closure includes 164 warehouse workers, 212 forklift operators, 26 dockworkers and 45 clerical employees.Universal Logistics is a truckload transportation, intermodal and logistics provider across the U.S, Mexico, Canada and Colombia. The company has more than 10,000 employees.It did not provide a reason for the cessation of operations at the two entities in their state filings.Officials for Universal Logistics did not immediately respond to a request for comment from FreightWaves.Swissport Cargo Services

Source: zerohedge.com

CNN Is Wrong... Deflation Is A Good Thing

A recent video by CNN states that lower prices are bad for the United States economy and that consumers must get used to the newer, higher prices.The video goes so far as to say, “We’re never going to pay 2019 prices again.”Americans should simply get used to paying more and more each year and be happy about it. Except, deflation is actually good for consumers despite the contentions of inflation-supporting economists.The conclusion that inflation is a good thing is reached by the mishandling of economic terms.While Austrian economics accepts that inflation is the expansion of the money supply, mainstream economics contends that inflation is an increase in the general price level in an economy. This skewed definition allows one to erroneously conclude that inflation causes prosperity by raising profits and incomes through higher consumer prices. The problem with this is that “price inflation” is also often caused by real inflation: the increase of the money supply. An increase in the money supply comes from the creation of additional units of money ex nihilo, out of nothing. The wealth of savers is diluted by the expansion of the money supply, which leads to the hardships many Americans face.Further, while the video contends that the pandemic may have caused rising prices, it cannot explain the continual growth of prices even after the effects of the pandemic have subsided.