Peter St Onge, Ph.D. @profstonge Twitter profile

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Peter St Onge, Ph.D.

18 hours

New data says a house now costs nearly 8 times annual income. That's twice the historical average. In fact, it's above the *peak* of the 2008 housing bubble. Add on soaring mortgage rates and the interest paid on the median home went from $150,000 pre-pandemic to over

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Peter St Onge, Ph.D.

@profstonge

11 months

Sanity in Sweden as government abandons “renewables” for nuclear. “The Swedish people wish to ground their economy in an energy source that is physically sound and secure, unlike renewables which are neither.”

Sweden abandons 100% renewable energy goal as EU reconsiders climate policies

They’re baaack! More than 40 years after the country voted to phase out nuclear power, Sweden is now looking to build more nuclear reactors after its parliament

www.westernstandard.news

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Peter St Onge, Ph.D.

@profstonge

10 months

I feel like the government should not have a goal to reduce human population 🤔

Kambree

@KamVTV

10 months

KAMALA HARRIS: “When we invest in clean energy and electric vehicles and REDUCE POPULATION, more of our children can breath clean air and drink clean water.”

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Peter St Onge, Ph.D.

@profstonge

18 days

Biden's chief economist literally has no idea how bonds work 🤯 This is actually kind of scary. I didn't think they were this dumb.

Arnaud Bertrand

@RnaudBertrand

18 days

This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy. Jared Bernstein is literally the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy

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Peter St Onge, Ph.D.

@profstonge

1 year

“Majority of Covid Hospital deaths were due to untreated Bacterial Pneumonia.” The totalitarian groupthink imposed on doctors, scientists — on all of us — these past 3 years will go down as one of the most murderous government crimes in history.

Majority of COVID Hospital Deaths Were Due to Untreated Bacterial Pneumonia

www.theepochtimes.com

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Peter St Onge, Ph.D.

@profstonge

1 year

January: "Nobody's banning your gas stove, conspiracy theorist." June: "DOE rule may block 50% of current gas stove models."

DOE rule may block 50% of current gas stove models

The Department of Energy has released more details about a proposed appliance regulation.

www.eenews.net

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Peter St Onge, Ph.D.

@profstonge

2 years

I'm beginning to think Dems aren't really reading the room.

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Peter St Onge, Ph.D.

@profstonge

4 months

"Bloodbath" of layoffs in mainstream media as 20,000 fake news activists must now learn to install drywall. What's driving it? A collapse of trust. A record 40% of Americans have zero trust at all in corporate media. Instead, Americans are turning to alt-media on X/Twitter,

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Peter St Onge, Ph.D.

@profstonge

8 months

Only 10% of the $7.5 trillion spent during Covid went to health. Where did the rest go? To hand-outs and crony payments that funded the institutional left currently trying to enslave us. So your local rioters, hand-gluers, and that army of "fact-checking" censors are now fully

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Peter St Onge, Ph.D.

@profstonge

3 months

The Great Reset is dying, with EV’s leading the way. Ford just slashed production of its much-hyped electric F-150 after losing $5 billion on EV's. Volvo’s cutting off its EV division. Apple just announced they’re giving up on EV’s after plowing $10 billion into unicorn farts.

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Peter St Onge, Ph.D.

@profstonge

2 months

In case you were thinking of retiring some day, bad news from Janet Yellen: Social Security and Medicare are now underfunded by $175 trillion. That comes to roughly $1.4 million per American household. There are only 3 solutions: - slash beneficiaries - massively hike taxes,

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Peter St Onge, Ph.D.

@profstonge

18 days

The Fed employs 400 PhD economists. Together, they lost $170 billion. So about $425 million per economist. I feel like maybe we should lay some off 🤔

E.J. Antoni, Ph.D.

@RealEJAntoni

18 days

If you had losses like these at your job, you'd be fired. Fortunately, these aren't your losses - they're the Fed's...

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Peter St Onge, Ph.D.

@profstonge

8 months

Bidenomics downgrade as the Bureau of Economic Analysis revises down the last 3 years of economic data. Turns out inflation was higher. Growth and income was weaker. And federal spending is now replacing the consumer. Gems include $1.1 trillion in vanished savings, a 9-sigma

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Peter St Onge, Ph.D.

@profstonge

4 months

Republicans are trying to sneak in a $155 billion bill that combines welfare for illegals with crony corporate tax cuts. All disguised as "tax relief for families" 🤡 Dems, of course, are only too happy to play along and fleece the voters. Welcome to America's ruling

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Peter St Onge, Ph.D.

@profstonge

1 month

China is in default on $1 trillion it owes US citizens and Washington does nothing. That means China owes us more than we owe them. Yet they don't pay a dime of interest while we send $50 million a day to China. The debt comes from gold bonds when the Communists took power.

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Peter St Onge, Ph.D.

@profstonge

3 months

Another "Blockbuster" Jobs report. Courtesy of the most creative statisticians government money can buy. Half the jobs are fake. The other half are government jobs. And there's been zero new jobs for native-born Americans since... 2018 🤯 How do they get away with it?

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Peter St Onge, Ph.D.

@profstonge

8 months

Mayor of Chicago announces city-run grocery stores to replace the real ones fleeing the city due to predatory city government, collapsing social order, and industrial-scale shoplifting. It’s worth noting the Soviets tried this and got food shortages. And they put shoplifters in

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Peter St Onge, Ph.D.

@profstonge

4 months

UPS to lay off 12,000 just months after accepting a new union contract paying deliverymen $170,000 per year. Unions killing jobs 🤡

The Kobeissi Letter

@KobeissiLetter

4 months

BREAKING: UPS, $UPS, to cut 12,000 jobs after what its CEO called a "difficult and disappointing" year. The company has stated that they are looking to cut $1 billion of annual costs. UPS stock is currently down 6% after the announcement. Over the last 3 months, layoffs have

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Peter St Onge, Ph.D.

@profstonge

3 months

Javier Milei racks up a big win, balancing a massive 12-year budget deficit in just 9 weeks. Showing spineless Washington Republicans how it's done 🫡 Milei's clearing the way to ending Argentina's hyperinflation nightmare and decades-long stagnation. Despite bitter resistance

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Peter St Onge, Ph.D.

@profstonge

8 months

Nigeria gives up on its deeply unpopular CBDC. It’s not inevitable. None of it is inevitable. Hold the line. In a nationwide referendum, 99.5% of Nigerians rejected a CBDC. But they forced it anyway. Leading to nationwide unrest as physical cash was cancelled and the poor had

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Peter St Onge, Ph.D.

@profstonge

4 months

California rolls out its latest bit of insanity: a wealth tax. It would effectively confiscate roughly one third of the assets of affluent Californians. Obviously chasing them out of the State. Why are they doing this, aside from old fashioned envy? Because California's facing

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Peter St Onge, Ph.D.

@profstonge

9 months

Argentina populist pulls off "Shock Win," wants to abolish 80% of government 🥳

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Peter St Onge, Ph.D.

@profstonge

14 days

Our economy is run by morons. Last week we learned that Joe Biden's chief economist literally has no idea how money works -- indeed, he has no idea how debt works. These MMT morons are implanted across the administration. Spending as much as humanly possible without the

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Peter St Onge, Ph.D.

@profstonge

5 months

California is going bust, turning a $100 billion surplus to a $68 billion deficit in just 2 years -- with another $87 billion to come. In return, Californians got homeless encampments, broke-down windmills, and Mad Max cities where Kleenex boxes need to be locked up. The few

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Peter St Onge, Ph.D.

@profstonge

7 months

Excluding everything you buy, inflation is doing amazing 🤡

Paul Krugman

@paulkrugman

7 months

The war on inflation is over. We won, at very little cost

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Peter St Onge, Ph.D.

@profstonge

4 months

The Davos elite think Trump will win. In fact, they think populism will win across the West. So they're doing everything they can to lock in their revolution, to insulate it from the voters. But it's not working -- already some of their biggest rats are jumping ship.

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Peter St Onge, Ph.D.

@profstonge

1 year

Finland throttles nuclear plant because energy got so cheap it was negative price. Sure, we could just use nuclear and not do anything about "climate change." But then how would all the green activists get taxpayer money? 🤔

Finnish Nuclear Plant Throttles Output After Electricity Prices "Become Too Cheap"

"Electricity production must also be profitable for nuclear power plants..."

www.zerohedge.com

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Peter St Onge, Ph.D.

@profstonge

1 year

What happens in the first Stages of Dollar Collapse

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Peter St Onge, Ph.D.

@profstonge

6 months

Americans are "slaves" to the federal debt. Interest on federal debt now soaks up 40% of income tax — by far the largest part of federal revenue. Toss in new debt and it’s closer to 80% of income tax. All while sky-high interest rates automatically grow debt interest day by day

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Peter St Onge, Ph.D.

@profstonge

9 months

How to End the Fed? Since America's founding, we've had 4 central banks. We shut down 3. One to go. The last time was Andrew Jackson, a firebrand populist the elite hated as much as they hate Donald Trump. The central bankers fought back hard — and they fought dirty. But

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Peter St Onge, Ph.D.

@profstonge

4 months

CEO of @Heritage at Davos 🫡

Kevin Roberts

@KevinRobertsTX

4 months

My message to the self-appointed global elites: Your time is up.

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Peter St Onge, Ph.D.

@profstonge

5 months

CDC warns vaccination is plunging across the board. As @zerohedge adds, "Maybe forcing everyone to take a rushed, experimental vaccine that you lied about wasn't the best strategy?" They squandered an astounding amount of trust. It'll take decades to earn back, maybe never.

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Peter St Onge, Ph.D.

@profstonge

4 months

Fresh GDP numbers came in and it was a blowout. The kind of blowout only $2.7 trillion of deficit can buy. While the real economy crumbles. To see why, in the past 12 months the federal deficit increased by $1.3 trillion. Yet we only got half that in GDP. In other words,

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Peter St Onge, Ph.D.

@profstonge

9 months

“The Coming Green Energy Bailout” Wind farms are pulling a mass bait and switch with price hikes of 48% to 64%. Reneging on those cheap promises of cheap energy. So they took your money to build it. Now they'll take more every month to keep it going. Meanwhile, Texas plunges

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Peter St Onge, Ph.D.

@profstonge

5 months

Universal Basic Income coming to Canada. Canada hits the loot-the-treasury stage, set to hand everybody $2,000 per month whether they work or not. This will drive inflation, it will destroy the treasury, and it will convert millions of Canadian workers into permanent parasites

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Peter St Onge, Ph.D.

@profstonge

1 month

Turns out all the new jobs are part-time. And none of them are going to natives. Last month we got yet another "blockbuster" jobs report -- this time 300,000 new jobs. And, once again, it's BS under the surface. We actually lost full-time jobs -- 6,000 of them. And natives

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Peter St Onge, Ph.D.

@profstonge

8 months

People don’t believe government inflation statistics. And they’ve got the grocery receipts to prove it. Media laughs, but it turns out the widely-respected “Big Mac Index” says inflation has been almost twice the official government numbers for at least 20 years. That means

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Peter St Onge, Ph.D.

@profstonge

2 months

America's Farmers are getting wiped out. Leaving hollowed-out communities that rival the rust-belt. According to the USDA, we’ve lost 140,000 farms just in the last 5 years. What’s driving it is inflationary costs, falling revenue, and green mandates. One new rule alone, on

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Peter St Onge, Ph.D.

@profstonge

4 months

Turns out half the jobs were fake. Worth noting the WSJ estimates over half of new jobs were government or welfare. Makes you wonder if we gained any real jobs at all 🤔

E.J. Antoni, Ph.D.

@RealEJAntoni

4 months

Putting the BS in BLS? Quarterly census has 332k private sector job gains in Q2 '23 vs. 603k increase in nonfarm payrolls from monthly jobs reports - which were already revised heavily downward; explains why people hate this economy: job gains roughly half the advertised figure

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Peter St Onge, Ph.D.

@profstonge

2 months

Tens of thousands of mainstream journalists laid off in what's being called an "Extinction Event" for corporate journalism. Of course, that's great news for regular Americans given mainstream journalists have become activists whose main purpose is gaslighting voters.

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Peter St Onge, Ph.D.

@profstonge

4 months

Turns out the "Elite" really does hate you. New poll finds the globalist one percent have political views unrecognizable to regular Americans: They think people have too much freedom and the government too little power. They think teachers -- not parents -- should raise kids.

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Peter St Onge, Ph.D.

@profstonge

8 days

Turns out Biden's jobs numbers are fake. Because they fail to count between 5 million and 7 million Americans who dropped out of the labor force since Covid. Millions have gone onto government benefits. Millions more downsized their lifestyle, limping along until social

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Peter St Onge, Ph.D.

@profstonge

8 months

Are we living the Fall of Rome? New York cuts police budgets to pour $12 billion into migrants. Adding to New York’s 80,000 homeless. While we spend $100 billion on the Circus in Kiev. Edward Gibbon’s 1788 book on the fall of Rome laid out the path taken by collapsing empires:

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Peter St Onge, Ph.D.

@profstonge

6 months

Half of all American workers now make under $41,000 per year. That comes to $3,400 per month. Given the median rent is $1,978 and used car payment is $528, that leaves precisely $894 for everything else -- food, utilities, medical insurance and premiums, clothes, car repairs,

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Peter St Onge, Ph.D.

@profstonge

20 days

Biden wants 45% tax on capital gains -- nearly half. That would be the highest in 111 years. And it would gut investment. Turns out all those little $60 billions for Ukraine -- or migrants -- weren't actually free. Why all the taxes? Because Biden also wants to ramp up spending

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Peter St Onge, Ph.D.

@profstonge

1 month

Apparently one in three climate-tracking weather stations don't actually exist. Yet they keep reporting temperature data "like magic." The data is BS. And they're hoping to ride it to take over the world.

Hidden Behind Climate Policies, Data From Nonexistent Temperature Stations

"They are physically gone—but still report data—like magic..."

www.zerohedge.com

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Peter St Onge, Ph.D.

@profstonge

4 months

UN demands $150 trillion to stop global warming 😂🤡 That's roughly half the accumulated wealth of humanity since the dawn of time. And going by past form it will only go up. "Climate" has been one of the most successful taxpayer fleecings in history. And they're only getting

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Peter St Onge, Ph.D.

@profstonge

2 months

Canadian living standards could fall dramatically in the next few years, leading to widespread civil unrest. So says Canada's FBI in a leaked secret report, adding it could be "the end of abundance" in Canada. Canada's had a rough decade under Trudeau, to the point the average

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Peter St Onge, Ph.D.

@profstonge

6 months

Blackrock wants $4 trillion from your retirement accounts to build rusting windmills in third world jungles. Because tens of trillions in taxpayer dollars just aren’t doing it for the weather fairies. The money would come from a “blended finance” model where subsidies push

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Peter St Onge, Ph.D.

@profstonge

7 months

The “it’s not a recession” argument hinges on one number: 3.8% unemployment. But it turns out counting missing workers takes unemployment to almost 7%. While almost half of new jobs are either part-time or double-counting. The jobs we do have are dominated by gig-work,

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Peter St Onge, Ph.D.

@profstonge

2 months

The Federal Reserve just reported its largest loss in history. By Far — $114 Billion dollars But don’t worry — you’ll be covering it.

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Peter St Onge, Ph.D.

@profstonge

12 days

Turns out those Fed trillions did trickle down -- in inflation. Earnings from McDonald's, Kraft, and Coke say low-income consumers are finally breaking, unable to keep up with inflation. Meanwhile, it's record sales at luxury brands -- Lamborghini just sold 10,000 cars for the

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Peter St Onge, Ph.D.

@profstonge

9 months

After bureaucrats destroyed Maui, DC holds relief money hostage for Ukraine. They don’t work for you.

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Peter St Onge, Ph.D.

@profstonge

3 months

NY Fed warns of mass defaults as household debt hits a record $17.5 trillion. That's up $3.4 trillion since the pandemic -- almost $30,000 per household. On top of $10 trillion in new federal debt -- almost $80,000 per household. In all the average American household is now

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Peter St Onge, Ph.D.

@profstonge

3 months

The uniparty just crapped out a "border deal" that trades war money for amnesty for million of illegals while locking our open borders into law. The welfare-warfare state in full effect. The long game is replace Americans with a brand new crop of voters who, going by history,

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Peter St Onge, Ph.D.

@profstonge

3 months

Powell on 60 Minutes: We screwed up. With $34 trillion in debt destabilizing the financial system, Jerome Powell finally admits the obvious: That federal spending is "unsustainable." Of course, he was a big part of that, with the Fed printing most of the Covid $7 trillion.

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Peter St Onge, Ph.D.

@profstonge

8 months

Paper money turns government from parasite into predator. Aside from stealing your life savings and launching depressions, one of the nastier features of paper money is what it does to governments. Because once a government can print what it likes, it no longer needs taxes.

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Peter St Onge, Ph.D.

@profstonge

8 months

CNN viewers drop to new low: 345,000. For perspective, my daily videos get twice that and I'm a random guy filming on an iphone 🤯

CNN posts lowest weekend ratings in key demo in its recorded history

Ratings-challenged CNN hit rock bottom in a key viewership demographic last weekend -- another sign of the difficulties facing incoming boss Mark Thompson.

nypost.com

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Peter St Onge, Ph.D.

@profstonge

3 months

Does the economy need migrants? The left claims we need millions of unskilled migrants to avert a catastrophic labor shortage. In truth, migrants do nothing for labor shortages. Because they consume as much labor as they produce, from dentists to mechanics to social workers.

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Peter St Onge, Ph.D.

@profstonge

3 months

In a sign of what's coming to America, Canadians are getting crushed by taxes, inflation, and housing costs that turn middle-class salaries into barely scraping by. In short, Trudeau has delivered West Virginia wages with houses that cost a million dollars and taxes that would

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Peter St Onge, Ph.D.

@profstonge

8 months

“Perfect Storm” is going worldwide: Europe and UK are on the edge of formal recession. China's collapse continues. And the US is settling into stagflation: stagnant growth and rising prices. The crash is worldwide because the cause was worldwide: printing trillions to bribe

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Peter St Onge, Ph.D.

@profstonge

9 days

The 2023 bank crash was far bigger than 2008. The difference? In 2008 they had to come begging for a couple trillion. In 2023 tens of trillions are on auto-pilot.

Balaji

@balajis

9 days

The banking system broke in 2023. They've just been hiding it in plain sight. And it's already far beyond 2008.

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Peter St Onge, Ph.D.

@profstonge

1 month

It's a big club and you ain't in it. The economic "Deep State" that runs our economy showed some cards this week. Separate leaks from the Federal Reserve and the data-cooking Bureau of Labor Statistics suggest insider trading and a politicized Fed that tries to dictate who runs

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Peter St Onge, Ph.D.

@profstonge

5 months

The lying sociopaths at CNN running their routine on @RobertKennedyJr

Christian Movick

@ChristianM_74

5 months

Wow! CNN caught red-handed lying about Robert Kennedy’s record by selectively editing a clip. RFK Jr.’s campaign put out this video showing the full context of his statement next to the version CNN aired, which mischaracterises part of his speech to mean something he didn’t say.

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Peter St Onge, Ph.D.

@profstonge

3 months

Why are Americans so down on the economy when official numbers say jobs, GDP, and consumer spending were holding up? Simple: The statistics aren't designed to inform, they're designed to hide the truth. Accounting for the games they play, joblessness is near 2008 levels,

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Peter St Onge, Ph.D.

@profstonge

5 months

US Steel -- once the largest company on earth -- is being sold for scrap to Nippon Steel. Thanks to a federal regulatory and trade agenda that is wiping out what remains of honest work. Back in the 80's this would have been the story of the year. Today it's just another random

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Peter St Onge, Ph.D.

@profstonge

1 year

"Climate Change" is about Controlling You

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Peter St Onge, Ph.D.

@profstonge

6 months

Great clip from President Bukele how the international organizations warned him that cracking down on crime would crash the economy -- gangsters are jobs, according to them. Yet he persevered, and it turns out freeing the economy of predators makes it grow even faster🫡

Nayib Bukele

@nayibbukele

6 months

Crime & the Economy. El Crimen y la Economía.

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Peter St Onge, Ph.D.

@profstonge

8 months

Fed admits they caused the inflation. AOC isn’t buying it, maintains inflation is actually “right-wing propaganda.” A new paper from the Fed finds the runaway inflation of these past two years had nothing to do with corporate profits. Instead, as we've said, it was caused by

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Peter St Onge, Ph.D.

@profstonge

4 months

Inflation is back. After months of mainstream victory laps, new inflation data is soaring. It almost doubled the year-ago, and almost tripled the previous month. Why? Simple: They never cut Federal spending. In fact, it soared. Giving us faked GDP and jobs numbers, and now

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Peter St Onge, Ph.D.

@profstonge

5 months

The rise of the "Welfare Industrial Complex" Why are GDP and jobs defying slowdown predictions? Because most new jobs -- 56% -- are disguised government spending. In states like Illinois and New York, they make up between 113% and 121% of new jobs. In other words, the rest of

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Peter St Onge, Ph.D.

@profstonge

2 months

With fresh Ukraine bills blocked, Europe moves to seize $300 billion from the Russian Central Bank and hand it to Kiev for weapons. If this goes through, it could further threaten faith in the Western financial system. And it could accelerate the flight from the dollar -- and

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Peter St Onge, Ph.D.

@profstonge

2 months

Hardship withdrawals from 401k retirement accounts hit a fresh record. Up 30% on the year and tripling the pre-pandemic rate. 1 in 7 Americans now has a loan against their 401k. Nearly half borrowed to avoid foreclosure. With medical bills coming in #2 . With household debt also

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Peter St Onge, Ph.D.

@profstonge

8 months

Nigeria gives up on CBDC after endless nationwide protests. Bottom line, it's not inevitable. None of it is inevitable. Hold The Line 🫡

How a CBDC Created Chaos and Poverty in Nigeria

The Nigerian government should have seen the economic disaster the eNaira would cause. They didn’t, and chaos and rioting followed.

mises.org

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Peter St Onge, Ph.D.

@profstonge

3 months

Retail sales crash as the American consumer hits a wall. Sales fell at an annualized 10% rate 🤯 As Zerohedge put it, soft-landing is morphing into crash-landing. Despite media gaslight, consumer sentiment has been recession level for over a year. Unsustainable debt kept it

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Peter St Onge, Ph.D.

@profstonge

4 months

Tens of millions of Americans "Doom Spending" their way to oblivion -- one in four. Especially the young, who are apparently giving up on buying a house or starting a family and taking cruises instead. The gutting of the Middle Class has been going on for 25 years now -- ever

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Peter St Onge, Ph.D.

@profstonge

1 month

California Bans Low-Skill Jobs with new $20 minimum wage for fast food workers. Mass layoffs are already being announced, while major chains pour money into store automation so they can keep running without workers. Fast food is only the start; California's already going after

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Peter St Onge, Ph.D.

@profstonge

2 months

Fiscal collapse accelerates as Treasury issues $7 trillion of debt in just 3 months. That matches the worst of Covid -- no pandemic needed. And it's double the previous record that had stood for 231 years.

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Peter St Onge, Ph.D.

@profstonge

6 months

Biden blames companies for inflation, accusing them of "price gouging" for raising prices to cover inflating costs. Once they start with "price gouging" it's a sign that government's going from clown to predator. Nixon tried it in the 1970's and it was a disaster. FDR tried it

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Peter St Onge, Ph.D.

@profstonge

5 months

Such talent yet she chooses to Serve the People 🫡

Inverse Cramer (Not Jim Cramer)

@CramerTracker

5 months

Nancy Pelosi (+65%) literally beat every Hedge Fund in 2023, legend💀

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Peter St Onge, Ph.D.

@profstonge

4 months

The SEC should not exist. Fraud is already illegal, everything else the SEC does serves corrupt bankers. In fact, the SEC doesn't even prosecute fraud -- Gensler was having coffee with Sam Bankman-Fried while random Bitcoiners were exposing FTX crimes.

Pierre Rochard

@BitcoinPierre

4 months

1. ETFs should not need regulatory approval. 2. The SEC should have approved the first Bitcoin ETF that applied in 2013. 3. It took ten years for the SEC to finally make the correct decision to approve, after losing in court. 4. The SEC completely bungled the announcement.

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Peter St Onge, Ph.D.

@profstonge

26 days

When professional boxers understand the economy better than Harvard economists you know this "elite" is pretty crap. Last week UFC fighter Renato Moicano gave a hard-core victory speech defending liberty and begging people read Ludwig von Mises' "Six Lessons" to save America.

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Peter St Onge, Ph.D.

@profstonge

4 months

"Experts suggest your standard of living be reduced by 85%." Yesterday it was the UN demanding $150 trillion for climate. But that's just the start: The climate also needs you to reduce your "footprint" by 85%. Say goodbye to air conditioning, barbecues, camping and

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Peter St Onge, Ph.D.

@profstonge

9 months

China is facing a "Lehman Moment" that could spark a financial crisis, according to the Wall Street Journal. The Chinese economy is flatlining, youth unemployment is skyrocketing, and $5 trillion in homebuilder debt is at-risk. Now the government is ordering banks to prop up

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Peter St Onge, Ph.D.

@profstonge

19 days

Washington's train-wreck is picking up speed as JP Morgan warns of 8% rates. That would bring double-digit mortgages and bond losses that dwarf the bank crashes we saw last year. Considering FDIC bank insurance is roughly 200 times under-funded, if banks go down they will raid

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Peter St Onge, Ph.D.

@profstonge

5 months

Your kids will have to pay $50 trillion in debt so Yemen can be leveled 🫡

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Peter St Onge, Ph.D.

@profstonge

7 months

Japan’s slow-motion train-wreck is speeding up as the yen crashes below 150 per dollar. A level not seen since the 1980’s bubble era. What’s happening in Japan is a zombie economy built on government spending and zero interest rates is driving investors overseas for higher

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Peter St Onge, Ph.D.

@profstonge

5 months

Javier Milei explains the Cantillon Effect 🥳

DutchLibertarian

@LibertarianDuty

5 months

Javier Milei explains why printing money hurts the poor the most

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Peter St Onge, Ph.D.

@profstonge

8 months

Even if the federal government shuts down, Washington will continue paying the salaries of 57,000 Ukrainian civil servants. Remember this when they pull the standard "seniors will eat cat food" at shutdown talks.

US To Keep Paying Salaries For Tens Of Thousands Of Ukrainians During Government Shutdown

Simultaneously Washington will furlough American citizens in the impending government shutdown...

www.zerohedge.com

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Peter St Onge, Ph.D.

@profstonge

4 months

Chinese stocks crash below 2007 levels. Sending Beijing into panic mode, shoveling billions to prop up financial markets. The dirty secret is China’s been a money hole for 20 years. And foreign investors are finally waking up and pulling their money out. Sadly, precious

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Peter St Onge, Ph.D.

@profstonge

1 year

Morgan Analyst: “Stunning Collapse” in US dollar

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Peter St Onge, Ph.D.

@profstonge

3 months

Federal debt is up $100 billion in just 4 days. We're on track for $37 trillion by the end of this year. And $40 trillion by the end of next. Now a prominent Wharton professor is warning of a "meltdown" as early as 2025 as debt swamps financial markets.

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Peter St Onge, Ph.D.

@profstonge

15 days

43% of small businesses can't pay the rent, Bloomberg reports. For restaurants, 52% can't pay the rent. That's the highest number since the depths of the lockdowns. And it's very odd considering "blockbuster" official statistics on GDP and unemployment.

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Peter St Onge, Ph.D.

@profstonge

4 months

Another "blockbuster" jobs report as half a million imaginary jobs are revised away and another 700,000 Americans drop out of the labor force. Meanwhile, the economy lost 1.5 million full-time jobs -- in a single month. Replaced by gig work, Doordash, and government jobs. All

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Peter St Onge, Ph.D.

@profstonge

21 days

It's official: Inflation is soaring while the economy grinds to a halt. As Business Insider put it, "The US economy may be barreling towards stagflation, an outcome worse than recession." Last time they screwed up this bad we got years of double-digit unemployment *and*

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Peter St Onge, Ph.D.

@profstonge

8 months

When's the Next Crash? Since the Federal Reserve was founded in 1913, it’s caused 20 recessions. About one every 5 and a half years. Every time it’s the same playbook — cheap money leads to inflation. Which sets off panic-hikes and the crash. While regime economists cling to

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Peter St Onge, Ph.D.

@profstonge

8 months

Is America getting poorer? Have our ruling clowns finally killed the Golden Goose? Half of young Americans are now living at home. Cars on the road have never ben older. Houses are shrinking. The American diet is going third world. Even life expectancy is falling for almost a

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Peter St Onge, Ph.D.

@profstonge

9 days

How did California lose $100 billion? It rained 🤡

Kevin Dalton

@TheKevinDalton

9 days

Reporter: Can we explain to Californians how we moved from $100 billion surplus to such a significant deficit in just a few years? Gavin Newsom: Climate Change

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Peter St Onge, Ph.D.

@profstonge

5 months

In the year since @elonmusk took over, traffic tripled, eclipsing Instagram 🤯 This is becoming humanity's public square 🫡

Elon Musk

@elonmusk

5 months

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Peter St Onge, Ph.D.

@profstonge

8 months

"The State does not create wealth, the State destroys it. The State can give you nothing, because it produces nothing." -- Javier Milei

"Never Embrace Socialism... Or The Siren Song Of Social Justice" - Argentine Presidential Candidate...

"The State does not create wealth, the State destroys it. The State can give you nothing, because it produces nothing..."

www.zerohedge.com

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Peter St Onge, Ph.D.

@profstonge

6 months

Soaring bankruptcies, crashing volumes, and mass lay-offs in shipping and freight -- one of the most reliable indicators of recession. Prices across the eight major shipping routes have plunged by half this year, going from $3,000 per container to just $1,400. One analyst

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