CPI Crisis? Ripped From The Headlines, April 10, 2024
US Economy On The Brink With New CPI numbers, Zimbabwe Launches Gold-Backed Currency, Scotland's New Hate Law - Read, Share, & Subscribe - SherlocExposes.com
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“Progress on inflation is moving in the wrong direction. The latest Consumer Price Index, released Wednesday, showed that annual inflation ticked up to 3.5% in March from 3.2% in February. That marked the largest annual gain in half a year.
Even though the current inflation rate is better than last March’s 4.9% rate, it signifies the highly anticipated rate cuts investors were banking on may not come this year. Now, instead, they may need to brace for another rate hike as interest rates stand at a 23-year high.
This could mean that the many influential leaders and economists who long predicted storm clouds and a hurricane hitting the US economy may finally be right.
Chief among them is JPMorgan Chase CEO Jamie Dimon, whose annual shareholder letter this week highlighted ‘persistent inflationary pressures.’ He also expressed skepticism regarding whether the economy will achieve a soft landing, where inflation continues to cool without causing an unemployment spike.
Federal Reserve officials share Dimon’s concerns, leading some to question whether any rate cuts should happen this year, starkly contrasting the median forecast of three cuts they made at last month’s meeting and first signaled back in December. But potentially persistent inflation isn’t the only red flag in the economy right now.”
THINGS TO PONDER:
Regular readers of Ripped From The Headlines knew this headline was coming well over a year ago…
While there’s no pleasure in having it happen, the ability for us to forecast and share the information with you is a victory.
Follow the steps below to read all of our coverage on the economy and the fact that there would never be a soft landing.
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“Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for ‘Zimbabwe Gold.’
It is the latest attempt to stabilize an economy that has lurched from crisis to crisis for the past 25 years.
Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, and set at a market-determined exchange rate.
The ZiG replaces a Zimbabwean dollar, the RTGS, that had lost three-quarters of its value so far this year. Annual inflation in March reached 55% - a seven-month high.
Zimbabweans have 21 days to exchange old, inflation-hit notes for the new currency.
However, the US dollar, which accounts for 85% of transactions, will remain legal tender and most people are likely to continue to prefer this.
Coins will also be introduced to overcome the shortage of US coins, which has seen people receive change in sweets, small chocolates and pens.
Zimbabweans have a historic mistrust of the central bank, dating back to 2008, when it was printing Z$10tn notes while inflation had run out of control.”
THINGS TO PONDER:
The last line of this article is a peek into your future with the US dollar…
And, you should distrust the central bank of the US… the Federal Reserve… because they have been stealing your wealth FOR YEARS.
You can feel that pain once you combine it with runaway inflation.
Laugh at Zimbabwe all you want… we’re headed that way now.
Brace For Impact.
Click Here to read the full article.
“A new Scottish law that criminalizes the ‘stirring up of’ hatred against some groups has triggered a debate far beyond its borders, pitting human rights activists who say it’s needed against a rising tide of harassment and violence against conservative celebrities and politicians who say the law threatens free speech.
Scotland’s law, enacted last week, makes it an imprisonable offense to incite hatred on the basis of race, religion, transgender identity, sexual orientation, age or disability.
‘If … it’s intended to stir up hatred because of their membership of that group, then that is a criminal offense,’ Nick McKerrell, a senior law lecturer at Glasgow Caledonian University, said in a telephone interview Monday. In Scotland, prosecutors recorded 1,884 hate crime charges relating to sexual identity in 2022-23 — representing an eighth consecutive year-on-year increase — in addition to 55 charges relating to transgender identity.
Rights groups say the change is a much-needed extension of hate crime protections, consolidating them into a single statute for the first time. Its opponents — including Harry Potter author J.K. Rowling — say they are concerned that the protections are so broad that they could unfairly criminalize free expression. (Critics have also argued that women should be listed as a protected category, too; the Scottish government says it intends to do this through separate legislation.)”
THINGS TO PONDER:
This is another in a long line of “laws to protect people” where you’re not sure whether or not what you say or do next will be considered a crime…
When you combine that with the fact that many “leaders” these days are… for lack of a better word… terrible… you have a perfect storm of overreach.
And, if you haven’t already noticed… you’re not safe from this in the US either.
People are going to need to stand up against things like this in mass to remind totalitarian leaders that there’s no place for them…
Or this will become standard everywhere.
Know Your Foe.
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