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Economy
The labor market is cracking:
New job postings on Indeed fell 38% year-over-year last week and now stand at the lowest level since August 2020.
Job postings have dropped for nearly 3 years straight and are now down 49% since the February 2022 peak.
As a result, new available… pic.twitter.com/l59edvdcKi
— The Kobeissi Letter (@KobeissiLetter) December 13, 2024
vacancies are 5% below pre-pandemic levels. This is in contrast to October US job openings reported by the BLS which have declined 34% since February 2022 and are ~8% above the pre-pandemic. However, data provided by Indeed is more current than the BLS-provided series, which suggests US job openings will continue to fall in the coming months. The labor market is set for more weakness.
The US debt crisis is set to get even worse:
US net interest payments on national debt are estimated to hit 25% of total government tax revenue over the next decade.
That would be DOUBLE the percentage recorded in 2022.
This would also exceed the 20% record seen in the 1990s… pic.twitter.com/m7GCZTMZ5E
— The Kobeissi Letter (@KobeissiLetter) December 12, 2024
and significantly above the World War 2 levels. The worst part? Current projections assume lower interest rates and no recessions over the next decade. In Q3 2024, annualized net interest costs reached a record $1.12 trillion. What happens if a recession hits?
The Department of Education spent over $1 Billion promoting DEI in America’s schools
-$489,883,797 for race-based hiring
-$343,337,286 for DEI programming
-$169,301,221 for DEI mental health initiativesSource: https://t.co/0OLt4QEsdx
— Department of Government Efficiency (@DOGE) December 12, 2024
Staffers at the International Monetary Fund and the World Bank raking in six-figure, tax-free salaries at both global bodies qualify for free memberships at the Bretton Woods Recreation Center in Maryland, according to documents obtained by The Post.
Stiff initiation fees at the IMF-owned course — which range from $12,000 to $20,000 — are automatically waived for all employees on the payroll of the two institutions, according to the documents, which are not in the public domain.
Now, how are those membership fees effectively subsidized? Well, the U.S. taxpayer has “financial commitments” to the World Bank and the IMF numbering into the hundreds of billions, and American tax dollars (and debt) remain the top “contributor” to both institutions. Here’s this, from a Congressional Research Service report released in May of this year:
And, from a CRS report released in 2022 on the IMF’s financial structure:
The United States contributes $117 billion to the IMF quota (17.46%). In addition, the United States has contributed $44 billion to funds at the IMF that supplement quota resources.
Source: americanthinker.com
BREAKING: President-elect Donald Trump is looking for ways to potentially eliminate top bank regulators including the FDIC, per WSJ.
The Department of Government Efficiency, @DOGE, has reportedly asked if the FDIC could be abolished. pic.twitter.com/G4ZPG8vBu9
— The Kobeissi Letter (@KobeissiLetter) December 13, 2024
Source: news.yahoo.com
BREAKING: The state of Florida is conducting a study to explore using gold and silver as currency, potentially bypassing the Federal Reserve system. pic.twitter.com/b1MWFm686W
— The General (@GeneralMCNews) December 12, 2024
Political/Rights
Holy shlit. Crystal Mangum just admitted after 18 years that she made up the r*pe allegation against the 3 Duke Lacrosse players.
She deserves life in prison.pic.twitter.com/lSpC8gwV0i
— End Wokeness (@EndWokeness) December 13, 2024
Tawana Brawley, Jussie Smollett & now Crystal Mangum:Why do so many blacks think they can get away w/ fabricating charges of racism against whites?Because it fits the liberal media narrative.The rise in fake cases of racism risks few believing when real cases rear their ugly head
— Paul Sperry (@paulsperry_) December 13, 2024
— Election Wizard (@ElectionWiz) December 13, 2024
It's possible a Chinese spy in the USA has a kiddie porn fetish.
But it's far more likely a Chinese spy in the US has a hard drive full of child pornography to plant and carry out blackmail operations in the USA. https://t.co/ZQROjifxeW
— Mike Belcher (@MikeBelcher14) December 12, 2024
JUST IN: NY Mayor Eric Adams stuns a room full of liberal reporters with a blunt reality check about open borders and their link to sex trafficking.
“We have 500,000 children who had sponsors in this country that we can’t find. We can’t find them. We don’t know if they’re doing… pic.twitter.com/U7VuRgpXKo
— The Vigilant Fox 🦊 (@VigilantFox) December 12, 2024
The Biden Administration waved as many as ten million illegal immigrants into this country — maybe more. They aren't just living in California, Texas, and New York. They've spread to every corner of America.
President Trump was elected with a mandate to restore law and order,… pic.twitter.com/2aZ3GEX2Cd
— Charlie Kirk (@charliekirk11) December 13, 2024
Texas will buy all the border materials that the Biden administration is trying to auction off. pic.twitter.com/TpGqkpy6Pp
— Insurrection Barbie (@DefiyantlyFree) December 13, 2024
Geopolitical/Police State
Macron Rolls the Dice… Again: Appoints Centrist Ally François Bayrou as New French Prime MinisterSource: breitbart.com
And for the first time, Nigel Farage now heads the betting to become next Prime Minister.https://t.co/8K5c9IoM2i https://t.co/JVHbQnPoq8 pic.twitter.com/IhRMhLqPJo
— Ladbrokes Politics (@LadPolitics) December 10, 2024
War
The Adults are further depleting our weapons stockpiles. Reckless. https://t.co/gMcRV832NB
— Ezra A. Cohen (@EzraACohen) December 13, 2024