NYT: Trump’s Deregulation is ‘Increasing Costs On Americans’
by Jack Hellner
American Thinker
As Joe Biden issued new regulations as fast as he could and inflation soared to a forty-year high, the NYT and other media outlets stayed virtually silent on the massive cost of government regulations. But less than five months into Trump’s term, the NYT falsely claims that they have data to show that Trump’s deregulation doesn’t reduce costs.
How Trump’s Regulatory Rollbacks Are Increasing Costs on Americans
A new DOGE tally claims that erasing rules on credit card fees, appliance standards and health insurance ‘saves the American people’ money. Data show the opposite.
The first deregulation they attack is Trump’s elimination of the CFPB regulation to force banks to lower overdraft fees from over $30 to $5. They claim that will save millions of Americans an average of $220 and almost $10 billion. That is not data. That is an estimate. The regulation shows how little the media, CFPB, and other Democrats understand banking and how the economy works.
Food Inflation in Russia and Ukraine
by Martin Armstrong
Armstrong Economics
The world’s bread basket is facing significant food inflation. Prices on groceries in Ukraine rose 22.1% in May compared to the same time period last year. Overall, CPI rose 15.9% on an annual basis as well. Fruit prices alone have soared by 17.6%, with authorities claiming it is primarily due to poor weather conditions that reduced harvests.
Ukraine and Russia are both relying on imports to offset the uptick in food prices. Ukraine exported around 10.6% of the nation’s food supply last year. The European aggregate came in at an estimated $5 billion in food exports for the year, with Poland, Germany, and France becoming top suppliers. In fact, 51.3% of all food imported to Ukraine came from the EU.
Food inflation for Russia, as of April, hit 12.66%, with general inflation resting at 10.2%.
Fed to Keep Rates On Hold at Least Until September as Inflation Risks Linger
by Reuters
Kitco
BENGALURU, June 10 (Reuters) – The U.S. Federal Reserve will keep interest rates on hold for at least another couple of months, according to most economists polled by Reuters, as risks linger that inflation may resurge due to President Donald Trump’s tariff policies.
With most trade negotiations incomplete as the July 9 deadline for a 90-day pause on tariffs announced in April approaches, forecasters have been reluctant to change their already fragile economic outlook.
Rising concerns about U.S. debt and a deluge of bond issuance fuelled by a sweeping tax cut bill passed by the House of Representatives, but not the Senate, are not helping.
Market Begins to Doubt Stagflation Warnings as CPI Looms
The market action was choppy following positive hints on China negotiations.
by James “Rev Shark” DePorre
The Street
Market action was choppy on Tuesday as Commerce Secretary Howard Lutnick stated that negotiations with China went “really, really well.” However, a very important CPI report is due on Wednesday morning at 8:30 a.m. ET, and that kept some buyers parked on the sidelines.
It is anticipated that May CPI will tick higher as some pressure from tariffs starts to flow through the supply chain, but the economic news has consistently been better than expected. The bears have been warning that the danger of stagflation still exists, but after so many false calls, market players aren’t taking the predictions as seriously as they did when tariffs were first implemented.
Breadth was solid at around two-to-one positive, and there were over 550 new 12-month highs.
Stagflation Signs Have ‘Crept Back’ Ahead of Highly Anticipated Inflation Data This Week
by Christine Idzelis
Market Watch
Barclays analysts said in a note Monday that they expect the May inflation reading from the consumer-price index on Wednesday will show “a slight pickup in core CPI,” which excludes food and energy prices. They expect the data will show that core CPI rose 0.27% in May on a month-over-month basis and climbed 2.9% year over year.
Silver Hits $37! Gold & Silver Gain as Faith in the U.S. Dollar Erodes
from King World News
Gold, and now silver, have gained in strength as faith in the US dollar and other fiat currencies continues to erode.
Gold Gains As Faith In Dollar Erodes
June 9 (King World News) – Paul Wong, Market Strategist at Sprott: Key takeaways.
— Gold rose for a fifth straight month and is up 25.33% YTD, as markets reacted to tariff shifts, fiscal concerns and bond market volatility; long-term drivers like inflation, deglobalization and rising deficits continue to support gold’s structural bull case.
Why Can’t We Just Print More Money?
Inflation is not just a number on a graph, it’s a reflection of a weakening economy. When prices rise faster than incomes, people’s real purchasing power falls
by Adwaid M S
TaxScan
Introduction
When I was 10 years old, I remember asking my father, “Why can’t we just print more money so that nobody has to be poor?” It seemed like the perfect solution to all of India’s problems—just create more currency and hand it out. At that time, like many others, I didn’t understand how economies truly function. Today, at 20, I realize that printing more money might seem like a shortcut to prosperity, but it’s actually a guaranteed path to inflation, chaos, and long-term economic disaster.
Let’s unpack this misconception and understand the deeper truth through simple examples, real-world case studies, and viable economic alternatives.
Robert Kiyosaki Warns of Hyperinflation in America
by Jing Pan
MSN
“The end is here: what if you threw a party and no one showed up? That is what happened yesterday,” he wrote in a May 21 post on X. “The Fed held an auction for U.S. bonds and no one showed up. So the Fed quietly bought $50 billion of its own fake money with fake money.”
He added, “The party is over. Hyperinflation is here. Millions, young and old to be wiped out financially.”
Warren Buffett Responds to U.S. Dollar Doomsayers
The US dollar is on the verge of losing its throne as the world’s reserve currency, or de-dollarization, is the question that has been agitating geopolitical and economic circles in recent months.
by Luc Olinga
The Street
Famous and influential CEOs and investors couldn’t escape two questions in recent months.
The first is whether the Federal Reserve should pivot its rate hike policy that began last year to combat stubborn inflation in the face of the economic slowdown.
The other question is related to the first: is the U.S. dollar in the process of losing its status as the world’s reserve currency, or de-dollarization, that it has had since the end of World War II?
This question arises from blunt headlines saying that Russia is now considering using China’s yuan for its global trade. Then talk followed that Saudi Arabia, a major US ally, was considering charging in yuan for its oil exports to China.
‘May God Have Mercy’: Robert Kiyosaki Warns of Hyperinflation in America – Says ‘Millions, Young and Old’ Will Be ‘Wiped Out Financially,’ but He Sees Massive Upside in These Three Assets
by Jing Pan
AOL
“The end is here: what if you threw a party and no one showed up? That is what happened yesterday,” he wrote in a May 21 post on X. “The Fed held an auction for U.S. bonds and no one showed up. So the Fed quietly bought $50 billion of its own fake money with fake money.”
He added, “The party is over. Hyperinflation is here. Millions, young and old to be wiped out financially.”