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Why Are Americans Going With a Tighter Budget This Summer? (Guest: Dr. Michael Grayson)

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The credit expert and author discusses a report that suggests how U.S. citizens are being forced to lighten up on their spending. Just when it seemed like the U.S. was getting back into the swing of a regular economy, it appears that wallets are tightening up yet again. A new report from CNN has revealed that consumers are looking to spend less on away-from-home entertainment and vacations, in an effort to save up for the remainder … Read more

Are we about to see Runaway Inflation?

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IRAQuote.com’s Brett Winterble discusses what’s happening with the almighty dollar. The entire banking system may be about to collapse. IRA denominated in dollars might soon be worth less than one nickel on the dollar. That means if you have $500,000 in your 401k, overnight it could be worth $25,000. According to Brett Winterble of IRAquote.com, your whole life savings could vaporize. But with every action there is an opposite and equal reaction, so tangible assets, such … Read more

The Fed Has Raised Interest Rates Again, and It’s the Highest It’s Been In Fifteen Years (Guest: IRAQuote.com Representative)

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An IRAQuote.com representative takes a closer look at what this could mean for the economy in 2023. Once again, the Federal Reserve has opted to raise interest rates – and once again, consumers are wondering how it will tie in with a potential recession in 2023. A new report from The Epoch Times shows that the rate rose an additional 50 basis points, bringing it into a target range of 4.25-4.5 percent. That’s the highest level it’s … Read more

Small Businesses Have Been Feeling the Crunch of Inflation – And Things May Not Be Looking Better Anytime Soon (Guest: IRAQuote.com Spokesperson)

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An IRAQuote.com spokesperson explains why “stagflation” could stem from the ongoing situation with small business owners. Inflation has taken its toll on a number of Americans over the past few months, from the gas pump to just being able to go out to eat. But for small business owners, it’s a whole different nightmare. A new report from The Epoch Times are struggling with inflation woes – and to add to that, they’ve had to lay off … Read more

President Joe Biden is Reversing Course On Domestic Oil Production, But Is It a Move Merely To Protect His Own Interests? (Guest: Guy Mitchell)

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Author Guy Mitchell discusses the latest environmental move by the President, which goes against his previous direction. After spending a great deal of time pushing back against domestic oil production, President Joe Biden appears to be shifting course in an effort to fight back against rising gas prices and overall inflation. Per this report from Newsmax, Biden’s new plan will produce a “profit for taxpayers” with domestic oil production, releasing 15 more barrels of oil … Read more

President Biden’s Questionable Actions Against His Own Energy Policy Could Come Back To Haunt Him, Especially With the Petroleum Reserve Getting Lower (Guest: Guy Mitchell)

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Author Guy Mitchell explains why Biden’s latest actions towards energy conservation could add up to a big problem. President Joe Biden and his administration have been pushing heavily with their climate agenda, in the hopes of transitioning from fossil fuels to green energy within the first two years of his stay in office. However, this has led to disastrous results in the past few months, and things might just get worse. Along with gas prices … Read more

The Senate Has Passed a New Bill To Cut Back Inflation, But Will It Really Do the Job? (Guest: Steve Beaman)

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In an effort to strike back against growing inflation, the Senate has finally passed a huge bill introduced by the House Democrats. In it, it will provide funds to address climate change, as well as growing health care costs and increasing taxes on large corporations. As a whole, it’s meant to ease the strain of inflation quite a bit. Senate Majority Leader Chuck Schumer proclaimed victory with the passing of the bill, noting, “It’s been … Read more

We’ve Already Seen What Some Businesses Have Done In the Face of Inflation, But What Will Banks Be Doing? (Guest: Steve Beaman)

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2022 has not been a good year to many, mainly due to the rising cost of inflation. Despite best efforts to bring down gas prices, they continue to sit at an all-time high; and housing and food costs aren’t going down either. We’ve already seen what some businesses are trying to do to stay afloat…but where does this leave the banks? This new blog over on IMF kind of gives an indication. Several banks, including the … Read more

The U.S. Economy’s Latest Quarter Still Points At a Recession – and a Possible Return of the Great Depression (Guest: Steve Beaman)

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In spite of President Joe Biden and the Federal Reserve putting forth their best efforts to deflect it, a recession looks all but confirmed for 2023. And it could get even worse. Gross domestic product fell 0.9 percent for the second quarter of 2022, according to the Bureau of Economic Analysis. While that’s not as severe a decline as the 1.6 percent consumers saw in the first quarter, it’s still a decline – and paints … Read more

Market Fluctuations and Fed Rate Hike Moves U.S. Economy Closer To Recession (Guest: Steve Beaman)

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Following a recent report about growth woes in the most recent quarter, there are still many concerns that U.S. citizens will face some form of recession as 2023 looms. The initial report indicated that growth has tumbled nearly a full percentage point, indicating that some companies are expected lose employees and prepare for the worst in terms of a recession. But coupled with other news this week, things are looking problematic. First up, it’s no secret that … Read more

Europe Has Made a Deal To Cut Natural Gas Use, But Will the Deal Last? (Guest: Guy Mitchell)

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This week, European Union governments made an agreement to cut back on consumption of natural gas over the winter, in the hopes of avoiding any further supply cuts by Russia during its invasion of Ukraine. The law notes that it expects the countries to lower demand for gas by roughly 15 percent starting in August, though some are apparently exempt from the deal. It notes the steps to reduce gas consumption are voluntary, but if … Read more

Some of the World’s Biggest Companies Detail Price Increases In the Midst of a Skyrocketing Pandemic (Guest: Steve Beaman)

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Confidence in U.S. consumer businesses has fallen to its lowest point since February 2021 with the news that Unilever, Coca-Cola and McDonald’s issued news about additional increase in pricing above and beyond recent spikes. Unilever, the branding group behind such clients as Dove soap, Hellmann’s mayonnaise and Cif cleaning products, rose an average of 11.2 percent in pricing over the course of the second quarter, with no signs of slowing down. The move tied in … Read more

President Biden Believes the U.S. Is Not Headed Towards a Recession – But the Numbers Say Otherwise (Guest: Steve Beaman)

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As the White House awaits a much-anticipated report that could post a gloomy outlook on growing inflation for the year, President Joe Biden continued to make it clear that the United States isn’t headed for a recession. “We’re not going to be in a recession, in my view,” he explained to reporters on Monday. “The employment rate is still one of the lowest we’ve had in history. It’s in the 3.6 (percent) area. We still … Read more

Walmart Reports Lesser Profit Outlook In the Face of Consumers Spending More On Necessities and Less On Other Items (Guest: Steve Beaman)

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Walmart is considered one of the leading retailers in the United States, with stores practically miles apart from one another. However, it appears that even with its immense reach, the chain is not immune to the effects of inflation. The company recently reported a cut in its quarterly and full-year profit reports, stating that rising inflation is forcing consumers to spend money on important goods and less on fancy electronics and clothing. As a result, … Read more

Inflation and Other Factors Are Putting a Huge Dent In Restaurant Service – And It’s Not Getting Any Easier (Guest: Steve Beaman)

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The past couple of years have not been easy for the restaurant industry – and judging by the current state of inflation, the road’s only getting tougher. The United States has been at the forefront of a true labor shortage, which has put a large dent in businesses – especially smaller ones. It has forced them to cut back on hours, as well as cutting down their customer service teams and other parts of operations. … Read more

Inflation: Highest in 40 years and Still Rising! Why? (Guest: Steve Beaman)

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Inflation just spiked to a whopping 9.1%, its highest level in 40 years, even after multiple Federal Reserve rate hikes. Gasoline is double of what it was during the Trump Presidency. Housing costs are sky-high for both renters and homeowners. Helping us makes sense of the current financial mess is our guest, Steve Beaman, CEO of Elevare Club, a provider of services to small businesses. Q&A:  The Federal Reserve raised interest rates multiple times with … Read more

U.S. Inflation Numbers Skyrocket for June, Leaving Americans Wondering When Relief Is on the Way (Guest: Devlyn Steele)

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Following the rise of U.S. inflation to 8.6 percent in May, there now is confirmation that prices climbed even higher in June. The data indicates that inflation for last month reached a staggering 9.1 percent year over year. That’s the highest it’s been in more than 40 years. The principal drivers of the most recent increase are the rising costs of fuel, housing and food. The Consumer Price Index (CPI) for the month showed an increase of … Read more

Stagflation is coming. What is it, and why should we care? (Guest: Ron Paul and Brett Winterble)

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Stagflation is dual suffering: Inflation plus high unemployment. Stagflation is a combination rarely seen in periods of high unemployment since people have less money to spend on goods and services. Therefore, prices are supposed to go down, not up. So, Stagflation is a little bit like bootstrapping and defying gravity. The last time we saw Stagflation was in the 1970s  when inflation hit 13.3%, unemployment over 6%, and the Fed raised interest rates to 20% to slow … Read more

With the Fed Rate Hike, Things Could Look Bad For the Economy – Possibly Leading Into a Recession In 2023 (Guest: Devlyn Steele)

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With its meeting this week, the Federal Reserve raised its interest rates by as high as .75 percent – three quarters of a percentage point – in an effort to fight back against inflation. But the question is, what kind of effect will it really have? Joel Griffith, an economic expert for the Heritage Foundation, explained to The Center Squad, “The Federal Reserve’s complicity in financing Congress’ outrageous spending spree of the past two years … Read more

Fed Rate Hikes may lead to a 2023 Recession (Guest: Ron Paul or Brett Winterble)

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  The Federal Reserve raised its interest rates by three-quarters of a percentage point – in an effort to fight back against inflation. But the question is, what kind of effect will it really have? Joel Griffith, an economic expert for the Heritage Foundation, explained to The Center Squad, “The Federal Reserve’s complicity in financing Congress’ outrageous spending spree of the past two years is largely to blame for the sky-high inflation, the new housing … Read more

Bank of America Issues Warning of What’s To Come With Inflation Shock, and Notes That Technical Recession Is Happening (Guest: Birch Gold Representatives)

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As gas prices and other items continue to grow in the face of inflation, Bank of America has warned that the worst could be just around the corner. With annual inflation rising to a staggering 8.6 percent in May (the highest it’s been in over 40 years), Michael Harnett, who serves as chief investment strategist for the group, noted that the shock from said inflation is far from over. “We’re in technical recession but just … Read more

The Dow Has Hit an All Time Low, Right When the Stock Market Needed To Rise In the Face of Inflation (Guest: Dr. Ron Paul)

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Following the May consumer price index report noting that inflation has hit its worst point for the first time in over 40 years, many were looking to the stock market for some kind of hope heading into a troublesome summer. Alas, the Dow Jones Industrial Average did not provide such relief. A new financial report revealed that the Average lost 690 points, or roughly 2.1 percent. In addition, the S&P 500 also dropped 2.5 percent, while … Read more

Treasure Secretary Janet Yellen Has Deemed the United States’ Inflation “Unacceptable” – But Hasn’t Really Offered Any Solutions For It (Guest: Birch Gold)

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As inflation continues to roll through the United States over the course of the summer, many citizens are looking to the government for relief. Treasure Secretary Janet Yellen recently discussed these complaints, noting that the country currently faces “unacceptable” odds. “We currently face macroeconomic challenges, including unacceptable levels of inflation as well as the headwinds associated with the disruptions caused by the pandemic’s effect on supply chains, and the effects of supply side disturbances to … Read more

Gasoline Prices Are Sky High – and With Growing Inflation, They Might Get Even Worse (Guest: Brett Winterble)

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Inflation has been on the rise throughout 2022, reaching its highest peak in a 40 year period. And one of the most crucial areas that’s been hit the hardest is the price of gasoline. In a new report, the Epoch Times noted that the price of gasoline has spiked 33 cents over the past two weeks alone, with the national average being $4.71 per gallon. But it’s likely to get even worse, with gas expected … Read more

Bad Economic Numbers For Joe Biden Leave Some People Wondering If There’s an End In Sight For Inflation (Guest: Ron Paul)

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While inflation numbers are at an all-time high right now – particularly with gas and house pricing – there is one thing that appears to be dropping. And that’s President Joe Biden’s approval numbers. A recent Economic Confidence Index number gathered by the team at Gallup suggest that the current president sits at -45 for the month of May. Considering that +100 is very good and -100 is very bad, it indicates that most Americans … Read more

Why Do Americans Keep Spending Money In the Face of Growing Inflation? (Guest: Devlyn Steele)

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Inflation has reached its highest point in 40 years, with gas and housing prices reaching an all-time high – with no signs of slowing down. That said, a new report suggests that Americans are continuing to spend money. According to the New York Times, consumer spending has risen 0.9 percent for the month of April. Surprisingly enough, auto sales have risen as well, following months of shortage on the market. The article notes that part … Read more

A Nation In Economic Turmoil (Guest: Dr. Ron Paul)

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Full interview is available on VCY America. Within the hour prior to this edition of Crosstalk, Jim checked the U.S. national debt clock.  It showed nearly 30.5 trillion dollars in national debt.  Over two-thirds of the populace is saying the economy is bad.  Inflation is out of control as are food and gasoline prices, and that’s if the items you need are available at all (think baby formula)! Appearing on Crosstalk to bring some answers … Read more

What Could Be the Long-Term Effects From a Pending Recession? (Guest: Devlyn Steele)

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Over the past couple of months, American citizens (as well as others across the globe) have been feeling the effects of growing inflation. From rising gas prices to heavily priced items being imported from other markets, it’s left some people feeling like they’re in a crunch. And there are many indications this could lead to the first significant recession since 2008. Some experts believe that a forthcoming recession is inevitable, and could start as soon … Read more

Inflation and Market Selloff Have Young Families and Retirees Most At Risk! (Guest: Brett Winterble)

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Terrible news for the most vulnerable among us: young families and retirees. As the Wall Street wipeout continues, people are wondering if their retirement dollars are safe. Even the inventor of the 4% rule has had to rethink his approaches, it is a rule that has been held since 1994. The 4% retirement rule was instituted in in1994. Since then, retirees have relied on this rule to help determine how much they should spend in retirement. … Read more

U.S. Inflation Numbers For April Show a Slight Sign of Hope, but Don’t Expect Immediate Drops (Guest: Devlyn Steele)

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A new report today from the Consumer Price Index (CPI) revealed a slight drop from the catastrophic numbers provided the month prior – but that doesn’t mean the effects from inflation are set to wear off anytime soon. The report showed a slight drop from 8.5 percent in March to 8.3 percent for April, though prices continued to rise by 0.3 percent for the month, according to the report. That said, while some analysts suspect … Read more

TOPIC: Inflation Soars to 8.3% in April to a near 40-year High (Guest: Dr. Ron Paul)

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Surging inflation in Biden’s America has consumer prices running near a 40-year high, with the cost of everyday goods for millions of American families, such as gas, groceries, rent, and other consumer goods, growing to 8.3% in April. Can this continue? Here to discuss is Dr. Ron Paul, a former Congressman from Texas and advocate for fiscally responsible government. Discussion Questions: Looks like President Biden will blame anyone for rising inflation, record-breaking gas prices, and a disastrous economic … Read more

The S&P Just Suffered Its Longest Losing Streak In Well Over a Decade, But What’s This Mean For the Year Ahead? (Guest: Ron Paul)

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In the face of a growing inflation and the Federal Reserve continuing to raise its rates, the S&P saw an alarming stock trend headed into the weekend. A report from Yahoo! News indicates that the S&P 500 recently fell to its lowest level in just about a year’s time. But what’s more alarming is the “losing streak” that it’s been on. With five consecutive weeks of drops, it’s entered the worst drop record in well over a … Read more

Why Did the Dow Drop More Than 1000 Points Thursday? (Guest: Devlyn Steele)

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The Dow dropped 1063 points on Thursday (May 5, 2022) for the worst trading day of the year, putting it in the 10 biggest single-day declines of all time. What exactly is going on with stocks, including the eCommerce and tech stocks sectors. What’s more, aren’t stocks supposed to be a hedge against inflation? Here to help us gain perspective on the economy is Devlyn Steele, education director for Augusta Precious Metals.  1. Welcome, Devlyn. … Read more

Overseas Inflation Leads To Questions About Other Potential Investments

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U.S. inflation hit a staggering 8.5 percent this past month, and isn’t showing any signs of slowing down despite recent action by the Federal government. But what’s happening overseas could be of bigger interest to international investors. A recent report at Bloomberg notes that traders are already expecting an increase in inflation due to the ongoing Ukraine-Russia conflict. In fact, some believe the increase will actually become higher than in the United States, with 3.02 percent … Read more

What Is Significant About the Fed 50-Point Hike?

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The financial world was waiting with bated breath for the Federal Reserve to make the announcement wherein they revealed they are making a 50 basis point hike. What exactly does that mean? Joining us in this discussion is Devlyn Steele, education director for Augusta Precious Metals.  Q&A: 1. There seems to be a lot of “noise” surrounding the news that the Federal Reserve has raised interest rates by 50 basis points. Why is this such … Read more

Dow is down 1000 points, and Amazon is Way Down. Biden Predicts Extraordinary Elevated Inflation, 18 Percent Annualized (Guest: Ron Paul)

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The Dow dropped nearly 1000 points on Friday (April 29, 2022), in its worst month since 2008. Inflation is up to an annualized rate of 18%. So what’s wrong with this picture? The Nasdaq Composite and the S&P 500 lost even larger percentages than the 940 points dropped by the Dow. And Amazon considered a Bluechip stock, plunged a whopping 14%, its most significant drop since 2006. Does the Biden administration know something we don’t know … Read more

Mortgage Company CEO Sounds Off On Bank of America’s “Elevated Inflation” Outlook For the Remainder of 2022 (Guest: Blake Harbin)

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During an earnings call this week, Bank of America CEO Brian Moynihan and CFO Alastair Borthwick have noted that, even with more investment from consumers, prices are not expect to go down anytime this year. In fact, they expect elevated inflation to stick around through the end of 2022. Bank of America chief investment strategist Michael Hartnett added that inflation could lead to an economic downturn in 2023, including “inflation shock worsening, rates shock just beginning,” and … Read more

2023 Appears To Be a Year of “Modest Recession,” According To Experts — But There’s Still Reason To Be Concerned, Says Blake Harbin of Houzzle Financial

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Inflation is skyrocketing to a high it hasn’t seen in 40 years, with gas, food and housing combining to a rate of 8.5 percent. And it doesn’t appear to be done anytime soon. A new report from Fannie Mae suggests that inflation will continue to grow, leading to a potential “modest recession.” The analyst team noted that it won’t be “similar in magnitude or duration to the recession of 2008,” though Blake Harbin, CEO of Houzzle … Read more

Biden Predicts Extraordinary Elevated Inflation, 18 Percent Annualized, Will We Soon Shatter the Prior 100-Year High of 18.5 Percent? (Guest: Ron Paul)

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If you were to hear Republicans predicting “extraordinarily elevated” inflation coming around for the second year of the Biden administration, you’d likely see the mainstream media blasting those ‘haters’ for using ‘fuzzy math’ to demean Joe Biden. But what if I were to tell you that the source of this inflation prediction came from Joe Biden himself?  That’s right. He just did. The White House just released its April Economic Report projecting ‘extraordinarily elevated’ inflation. Our guest … Read more

Bidenflation Continues To Rise, Along With Concerns

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Inflation has surged so quickly under the current administration that many are calling it Bidenflation. And it’s showing no signs of stopping. The rate of U.S. inflation recently topped eight percent in March, the highest that it’s been in four decades. In addition, the consumer price index jumped 8.5 percent over the past month, mainly due to the rising cost of housing, gas, and food, among other items. That marks the highest increase since March … Read more

Ron Paul On Inflation, Debt, Stocks, Government Spending

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Inflation is one of the most significant issues facing Americans today. For a while, we were able to cut back on luxury items. But with skyrocketing prices on our basic needs to survive, like food and shelter, we may soon be forced to but back on necessities.  During the Trump Administration, gas was under $2 a gallon just two years ago. Today it’s about $4.50 and still rising. As a result, millions of people now … Read more

Mortgage Rates Soar To Levels Not Seen In 4 Years — And They’re Not Through Yet!

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Mortgage rates are soaring to levels not seen in nearly four years, and if they keep rising this quickly, we may see homes soon become out of reach for millions of families. The 30-year fixed-rate mortgages have risen even higher, to 4.72 percent. Just last year, they were just under half that. That’s a one percentage growth over the last month alone. Not to mention that, at its current rate, it could reach 5 percent … Read more

Inflation surging fastest since 1982 (Guest: Phillip Patrick of Birch Gold Group)

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Inflation is rising faster than it has since 1982. The Labor Department says annualized inflation is at 6.8%, but that’s just what they are admitting. They conveniently leave things like food and gas out of the equation, claiming those categories are too volatile. Too volatile? Give me a break; what is not volatile these days. So the real question is: What is the true inflation rate? In this discussion, financial forecaster Phillip Patrick of Birch … Read more

Inflation Nation: How Can Businesses Keep Pace?COMMENTARY

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  Guest, John Ricci, founder/CEO of Danavation Technologies Corp   Intro: Have you ever noticed how the government statistics for inflation are dramatically lower than the price hikes we deal with every day? You, know, things like gas and groceries, and housing. But what you might not know is that these categories are all exempted from the official government inflation numbers. So, your Medicare benefits might rise 2%, but your food and gas might increase … Read more

Black Friday and Beyond (Guest: John Ricci)

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Black Friday is coming up once again. Government subsidies have run dry. Shipping bottlenecks are responsible for some empty store shelves. And employee shortages will likely cause longer than usual checkout lines. So, just what can we expect to see for this busiest month of shopping? Helping us answer this question and more is John Ricci, CEO of Danavation Technologies. Q&A: What is your forecast for retail sales for Black Friday and beyond? Answer: People … Read more

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