#economy
California Worst State to Do Business
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California's economic condition began to rot and decay even before Gavin Newsom took over as Governor in 2019. Between 2018 and June 2021, 272 large companies divested their assets and relocated their headquarters to other states. In the last six months alone, 74 multi-billion dollar corporations have left California, including Tesla.Tesla CEO Elon Musk cited the rising cost of housing in the Bay Area as a factor in moving headquarters from Palo Alto. "It's tough for people to afford houses, and people have to come in from far away," Musk said at the company shareholder...
Biden Inflation Breaks 40 Years Record
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Inflation for November reached 6.8 percent, the highest growth in the United States in 39 years. The economic policy of the current administration of US President Joe Biden, all infrastructure bills and wasted trillions of dollars show only the beginning of a total rise in prices. In the past few months, gasoline prices horrified Americans, reaching an astonishing $ 5 a gallon, in a country leading in oil production and refining. “On a month-over-month basis, the CPI rose 0.8% in November, coming in ahead of the 0.7% rise anticipated. This also marked an eighteenth str...
18 of the 50 Million Barrels of Crude Oil That Should Have Dropped US Gas Prices ALREADY SOLD to China and India
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Biden's attempt to revive the oil market in the United States and keep gasoline prices again became a cover for another international deal. The Americans are so unhappy with the economic situation that they have forced the presidential administration to move in the direction of fixing the petrol chaos. On orders from the White House, the Department of Energy will release 50 million gallons of crude oil to stabilize gasoline prices. But Biden did not say that a third of this amount has already been sold to India and China. China and India have been actively purchasing U.S...
Biden is thinking about closing the oil pipeline 5 and Energy Secretary has already predicted gasoline prices of more than $ 4
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The Biden administration is seriously considering a total exit from the oil and gas market, as pipeline 5, connecting Superior, Wisconsin, with Sarnia, Ontario, is likely to be closed. Despite the long-term practice of extermination and infringement of the indigenous peoples of America, this time it was the requirement of the Bay Mills Indian Community that laid the basis for the termination of the pumping of oil and gas, referring to the agreement of 1836, according to which these resources and land belong to the Indians. On the other side, there is a coalition of 13 Re...
Government cryptocurrency will deprive people of the right to their own money
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The main anti-US government whistleblower, Edward Snowden, warns that Central Bank Digital Currencies (CBDC) are dangerous to society, as they will destroy the concept of freedom and transfer the ability to spend or own money in the hands of the government. “Most of your money exists not as something folded in your wallet, but as an entry in a bank’s database, faithfully requested and rendered beneath the glass of your phone,” Snowden wrote. “If someone else gets to decide *if* and *how* you can spend it, is it really yours?” Most of your money exists not as somethin...
Gas prices hit a seven-year high
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A record rise in gasoline prices was recorded this week. Based on the analysis of prices from more than 150 thousand gas stations throughout the country, it becomes clear that the US government cannot keep the oil market stable. Highest gas prices of 2021 cast shadow over holiday weekend road trips. Gas prices are at their highest levels since the start of the year. Gas prices rising across the US The average cost of gasoline in the U.S. continues to increase as Americans hit the road. pic.twitter.com/1klNH4nTVc — Samson Nyimu (@SamsonNyimu2) October 11, 2021 The cu...
Tourists visiting the United States must be fully vaccinated but illegal immigrants should not: White House
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The Biden administration has attempted to create conditions for opening the borders to tourists. As part of this procedure, foreigners will need to undergo a full vaccination, while illegal immigrants continue to leave temporary detention centers, being infected with Covid-19. As part of plans to reopen US borders, a White House official told Reuters it will require nearly all foreign visitors to the US to be vaccinated, reported Reuters. The reopening of borders will be "a phased approach that over time will mean, with limited exceptions, that foreign nationals traveli...
US Holds Hearings to Require Private Companies to Condemn Their Own Consumers
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A Senate hearing on Tuesday turned into an attempt by the American government not only to devalue the shares of super-profitable companies, but, literally, to turn Chinese consumers away from American products. After the very first question, it became obvious that Sen. Tom Cotton (R-AR) explicitly urges Coca-Cola to commit financial suicide. Paul Lalli, Coca-Cola’s Global Vice President for Human Rights met face-to-face with a senator who weaves a political bias in doing business. A bizarre way to divest the assets of American companies that sponsor the Beijing Winter Ol...
Biden's lunacy attack promises to reduce inflation with a weird strategy
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It becomes obvious that a person who, for almost 50 years of his political career, has not been able to bring anything useful to the United States, will be able to do even worse in the next 4 years. “Spending money we don't have will lead to printing more money which will lead to more inflation,” says common sense and the vast majority of viewers of Biden's speech. Joe Biden's speech in Cincinnati undermined the president's credibility, confirming that the current government does not understand a damn thing about economics. "No. Look, here's the deal. Moody's today w...