Watch: Rand Paul, Pompeo Warn Wuhan Lab Still Running, Involved With Bioweapons

https://www.nationandstate.com/2021/05/31/watch-rand-paul-pompeo-warn-wuhan-lab-still-running-involved-with-bioweapons/

Watch: Rand Paul, Pompeo Warn Wuhan Lab Still Running, Involved With Bioweapons Authored by Steve Watson via Summit News, Over the weekend Senator Rand Paul and former CIA director and secretary of state Mike Pompeo both warned that the Wuhan Institute of Virology is still up and running, and that evidence points to involvement with…

Defense Secretary Austin responds to criticism about ‘woke’ recruiting, say military not ‘soft’

https://www.nationandstate.com/2021/05/31/defense-secretary-austin-responds-to-criticism-about-woke-recruiting-say-military-not-soft/

Austin also said he won’t “lose one minute of sleep” over what China, Russia are doing. Go to Source Author: {Just The News}… Read more

Denmark accused of helping United States spy on European allies, including German Chancellor Angela Merkel – ABC News

https://www.abc.net.au/news/2021-06-01/denmark-allegedly-helped-us-spy-on-merkel/100180282

  • The first Germany knew about the spying allegations was when they were reported on Danish television
  • Questions on the scandal will be asked in the Danish Parliament by a supporter of the government
  • The new spy claims follow similar accusations made by former NSA contractor Edward Snowden in 2013

U.S. governors urge Biden to build more F-35 jet fighters – Nwo Report

https://nworeport.me/2021/05/31/u-s-governors-urge-biden-to-build-more-f-35-jet-fighters/

Source: Nworeport

WASHINGTON D.C.: Democratic and Republican governors have contacted Fraudulent President Joe Biden, urging him to continue the manufacturing of F-35 jets made by Lockheed Martin Co.

Biden’s $753 billion national security budget request, expected to be delivered to Congress on Friday, will increase research and development spending to prepare for future warfare.

However, states became concerned following comments by Pentagon officials seeking to reduce expenditures.

At a Senate hearing on Tuesday, Frank Kendall, Biden’s nominee for Secretary of the Air Force, said “The key to keeping the cost down in an air fleet is getting the numbers up. There is a strong correlation between the size of the fleet and the cost of the fleet. In my view, we should get the cost down and keep the procurement at a rate that makes sense.”

Letters sent to Biden, according to Reuters, were written by four Democrats and one Republican governor. The governors noted that the F-35 fighter jet included components made in 48 states and Puerto Rico.

Further, the manufacturing of the jet is responsible for more than 245,000 direct and indirect jobs.

The F-35 is the Pentagon’s most expensive weapons program, expected to cost over $1.7 trillion during its service life.

Earlier, Republican and Democratic Senators wrote to the heads of the Appropriations and Armed Services committees urging the purchase of additional fighter jets.

The 2022 budget submitted by the Biden administration is expected to request 85 F-35 jets for the U.S. armed services, with 48 going to the U.S. Air Force. The jets would be delivered in 2024.

In 2021, plans call for Lockheed to deliver 133 to 139 F-35 jets to both U.S. and international customers and partners.

ALARM GOES OFF AT FULTON COUNTY GA SECURE FACILITY STORING BALLOTS – BUILDING FOUND OPEN AND UNATTENDED – Nwo Report

https://nworeport.me/2021/05/31/alarm-goes-off-at-fulton-county-ga-secure-facility-storing-ballots-building-found-open-and-unattended/

Source: CD Media Staff

Emerald Robinson, Newsmax White House Correspondent reported just now that the storage facility for Fulton County, GA elections has been broken into, the alarm sounded, and the facility was found wide-open and unattended.

Plastic pollution invades the Galapagos Islands. – Scientific Inquirer

https://scientificinquirer.com/2021/05/31/plastic-pollution-invades-the-galapagos-islands/

…A new study – by the University of Exeter, Galapagos Conservation Trust (GCT) and the Galapagos Science Center – found plastic in all marine habitats at the island of San Cristobal, where Charles Darwin first landed in Galapagos…

The lesser-known costs of inflation

The lesser-known costs of inflation

by tonytran2015 (Melbourne, Australia).

Click here for a full, up to date ORIGINAL ARTICLE and to help fighting the stealing of readers’ traffic.

(Blog No.30x).

#money, #inflation, #hyperinflation.

Beside the obvious effects of inflation there are also additional effects causing higher costs to the economy. They are given below:

1. Inflation feeds on itself to result in even hyperinflation. Government budgeting becomes undisciplined. Politicians are known to be like spoilt kids, they just keep printing more and more fiat money to buy influence. Elections may degenerate into only a competition to gain the control room of the money printing press.

2. Inflation causes loss of faith on government stated inflation rate. The population will have less trust in the government than in market commentators or market speculators.

3. Inflation results in a rent on money when it is kept by traders. Traders will be forced to quickly spend any money on hand so that they have no time to search for their best deals.

4. Inflation creates taxes on False,  Unreal Capital Gains. False, unreal capital gains are created when the nominal values of objects and merchandises increase only due to the devaluation of the fiat currency.

5. Inflation causes loss of capital held in currency for wholesalers and aggregators who need to gradually accumulate goods or money by the nature of their operations.

6. Inflation causes complication for the pricing of long term projects when gold or other real moneys cannot be used. Multiple inflation assumptions and complex formulas are needed for pricing.

7. Different pricings may result from different assumptions of inflation. Suppliers may go bankrupt if they supply goods below inflation adjusted costs. For their own survival, suppliers will require higher profit margins and want higher prices. They may not make more profits as sales number may reduce but they are less likely to have sudden fast loss.

8. Political events will affect inflation and the pricing of goods will depend on daily political events. Political speculations will vary daily prices wildly. Daily shopping will become a speculative nightmare.

9. Treasury bonds are priced according to anticipated interest and inflation rates. It is undesirable to see the values of treasury bonds going up and down daily. Wild fluctuation in values of treasury notes corrode trust in saving and in superannuation schemes.

10. Foreign exchange ratios of a fiat currency depend on anticipated interest rates offered by its national Reserve Bank and on its inflation rate. It is hard to anticipate fluctuating interest and inflation rates. Different ratios in foreign ecxhange may result from different assumptions on inflation rates. Importers and exporters may go bankrupt if buying and selling at the wrong exchange rates therefore they may require larger foreign exchange margins. This results in higher costs for importing and exporting. Importers and exporters may not make more profits as their sales number may reduce but they are less likely to have sudden fast loss.

In conclusion, the above lesser known effects create higher operation costs for various types of business and this may even stagnate the economy.

References:

[1]. Inflation is vicious to fiat money users posted on March 29, 2017

[2]. CPI can be manipulated to leave out individual Inflation components posted on April 01, 2021.

[3]. Why are government published inflation and superannation return rates quite different from DJIA and gold growth rate? posted on 2021/04/24

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Ukraine sends almost 200 oxygen concentrators to India (Photos) | Ukraine Today .org

https://ukrainetoday.org/2021/05/31/ukraine-sends-almost-200-oxygen-concentrators-to-india-photos/

A plane with oxygen concentrators for COVID-19 patients has departed from Kyiv for Delhi, India.

This was reported by Ukraine’s State Emergency Situations Service (SESS) on Facebook on May 30.