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Wall St. Journal Report Says You Should Stop Eating To Save Money

Can’t afford groceries? Just don’t eat.

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Getty Images / Oscar Wong

The Wall Street Journal published a report today that suggests Americans should combat economic strife by only eating two meals per day.

It sounds like a Babylon Bee story, but less amusing.

Eggs, cereals, fruit and coffee are among the foods that have rocketed in price the most, and so perhaps breakfast should just be consigned to the dustbin of history, according to the report.

The report notes “Egg prices increased 8.5% in January from a month earlier and are up 70.1% over the past year, the highest annual rate since 1973.”

It continues, “The deadliest avian-influenza outbreak on record has devastated poultry flocks across the U.S., leading the price of eggs to rise more than any other grocery item in 2022, according to Information Resources Inc. U.S. egg inventories were 29% lower in the final week of December 2022 than at the beginning of 2022, according to the USDA.”

They really don’t want you eating eggs.

The report also blames the “continued effects from Russia’s invasion of Ukraine,” for rampant inflation.

This even goes beyond the disgusting ‘eat ze bugs’ propaganda. Just don’t eat anything at all in order to survive. Genius.

Meanwhile, Joe Biden claimed again today that his economic plan is working:

Biden said yesterday that the latest inflation report was good and that prices are down, a complete lie.

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    Economy

    SVB’s London Bankers Received Up To $36 Million In Bonuses Days After BoE-Orchestrated Bailout

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    Zero Hedge

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    Bankers at the London branch of Silicon Valley Bank reportedly received tens of millions of dollars in bonuses just days after the Bank of England orchestrated a rescue package that led to Europe’s largest lender, HSBC, buying the failed bank’s subsidary for just £1Sky News reports.

    Sources described the bonus pool as “modest”, and said it totalled between £15m and £20m.

    It was unclear on Saturday how much had been awarded to Erin Platts, the UK bank’s chief executive or her senior colleagues.

    One insider said the bonus payments were a signal of HSBC’s confidence in the talent base at its new subsidiary and that the buyer had been keen to honour previously agreed payments in order to help retain key staff. –Sky

    What’s more, bonuses were reportedly doled out to US staff just hours before the Santa Clara, California-based bank collapsed. The bank was taken into FDIC ownership, while SVB Financial Group has filed for Chapter 11 bankruptcy protection as it looks to find buyers for their remaining assets.

    The UK arm of (formerly) SVB employs around 700 people. The London branch’s ‘guided demolition’ was coordinated with UK Prime Minister Rishi Sunak, who played a pivotal role in an emergency auction that drew interest from several challenger banks, including the Bank of London and Oaknorth.

    According to insiders, if HSBC hadn’t stepped up, the bonuses wouldn’t have been paid, while another insider pointed out that stock held by senior executives and other employees had been rendered worthless amid the implosion.

    “The UK’s tech sector is genuinely world-leading and of huge importance to the British economy, supporting hundreds of thousands of jobs,” said chancellor Jeremy Hunt. “We have worked urgently to deliver on that promise and find a solution that will provide SVB UK’s customers with confidence.”

    “[This] ensures customer deposits are protected and can bank as normal, with no taxpayer support.”

    The government had been lobbied intensively last weekend by hundreds of tech entrepreneurs about the parlous state of SVB UK.

    They warned of “an existential threat to the UK tech sector”, adding: “The Bank of England’s assessment that SVB going into administration would have limited impact on the UK economy displays a dangerous lack of understanding of the sector and the role it plays in the wider economy, both today and in the future.”

    The founders warned Mr Hunt that the collapse of SVB UK would “cripple the sector and set the ecosystem back 20 years”. -Sky

    “Many businesses will be sent into involuntary liquidation overnight,” were SVB UK not rescued, wrote the entrepreneurs.

    This post was originally published at Zero Hedge

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    Economy

    Ted Cruz Blasts Biden For Bailouts Of Corrupt ‘Bonnie And Clyde’ Banks

    “They’re robbing the bank as they know their customers’ deposits are about to get blown up.”

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    Steve Watson

    BRENDAN SMIALOWSKI/AFP via Getty Images

    Senator Ted Cruz has slammed the Biden Administration for effectively bailing out Silicon Valley Bank, labelling it a ‘corrupt Bonnie and Clyde’ like operation.

    On his “Verdict” podcast, Cruz stated that the failure of SVB has “called into question a lot of the financing for venture capital, and it has potentially imperiled a significant number of mid-sized banks.”

    “In response to this, the Biden administration rolled out a major bailout, conveniently bailing out the politically connected friends of the Biden White House in a way that will have lasting repercussions for the economy, and will almost certainly incentivize future bad conduct by other banks,” Cruz asserted.

    The Senator continued, “They were gambling that the Fed would not raise rates even though they’d been screaming from the mountaintops that they were going to raise rates.”

    “A bank that is being prudent can hedge its investments against interest rates rising by investing also in counterbalancing investments that will go up when interest rates go up. They didn’t do that! They were focused on virtue signaling. They were focused on showing just how woke they are,” Cruz added referring to the revelation that SVB was obsessed with pushing ‘diversity and inclusion’ policies:

    “These bank officers were bad actors,” Cruz continued, adding “Let me let me tell you two data points that have been vastly underreported. Number one, hours before the bank was shut down Silicon Valley Bank gave very substantial bonuses to all of its employees. They just began writing checks to everyone hours before they were shut down. Data point number two: in the two weeks prior to their being shut down, the CEO and the CFO sold large amounts of stock. The CEO ended up making over a $2 million profit from selling stock less than two weeks before the bank was shut down. Both of those indicate corrupt intent.”

    Cruz also noted that he “had a conference call in the last 48 hours with all 100 Senators were invited to participate and Treasury and the FDIC was on there and I asked I said, ‘Look, is it true that they gave bonuses to their employees, number one? If so, I think it is outrageous. And number two, has there been any investigation into clawing back those bonuses?’”

    “As far as I’m concerned, this is like Bonnie and Clyde,” Cruz charged, urging that “They’re robbing the bank as they know their customers’ deposits are about to get blown up. And much of the media coverage has ignored the exceptionally bad conduct by the bank’s officers.”

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    Economy

    Signature Bank Gave Lecture on Gender Pronouns 6 Months Before Collapse

    Get woke, go broke.

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    Six months before its collapse, Signature Bank chairman Scott Shay hosted a “know your pronouns” company seminar during which employers were lectured on how to pronounce “gender-neutral pronouns” such as “Ze” and “Hir”.

    Maybe they should have been concentrating on more important matters.

    Signature Bank was seized by the feds on Sunday after the closure of Silicon Valley Bank prompted nervous customers to withdraw more than $10 billion in deposits, with the bank’s failure representing the third largest in U.S. financial history.

    The “Know Your Pronouns” symposium was part of Signature Bank’s “Social Impact” series and also involved Finn Brigham, a Manhattan-based corporate consulate on gender issues who was described as a “genderqueer trans masculine person” during the event.

    Referring to former Rep. Barney Frank (D-MA), Shay bragged about how Signature Bank was “the first bank in the United States to have an openly gay man on our board.”

    Staff were taught how to properly use the pronouns she, hers, he, his, they, them, ze, and hir by Brigham, who stated, “I don’t know if there’s anyone in the Signature Bank world, but probably you have clients that use ‘they’/’ them’ as pronouns. They’re gender-neutral pronouns on purpose.”

    “‘Ze’ is another gender-neutral pronoun,,” he added. “The other part of that would be ‘hir’ — spelled H-I-R.”

    Emphasizing its commitment to wokery, Signature Bank promoted “sustainability, diversity, equity, inclusion, community engagement, employee development, employee health and safety, and any other environmental, social, or governance-related initiatives.”

    As we highlighted yesterday, Signature Bank wasted millions of dollars creating cringeworthy, woke music videos & TV shows about themselves, prompting critics to ask whether the cash could have been used more wisely elsewhere.

    The bank’s commitment to regime narratives was also reinforced when it closed down Donald Trump’s accounts following the incident at the Capitol on January 6, 2021.

    Maybe the lesson should be don’t put your money in woke banks, but given that virtually all of them are the same, that’s a difficult task to accomplish.

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