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BREAKING: After Draining Strategic Petroleum Reserve to Lowest Level in 40 Years, Biden CANCELS Plan to Refill it Because Oil is “Way Too Expensive” | The Gateway Pundit

Apr 3, 2024 Survive the News 0 Comments

(Photo by Drew Angerer/Getty Images) The Biden Regime canceled its plan to refill the Strategic Petroleum Reserve because oil is “way too expensive.” Biden drained the U.S. Strategic Petroleum Reserve…

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Most voters see President Joe Biden as a poor leader and an untrustworthy chief executive, according to the results of a new survey. The poll, conducted by Center Square and Noble Predictive Insights (NPI) from July 31 to Aug. 3, sampled 2,500 respondents. Unlike traditional national polls that had a cap of about 1,000 participants, the survey had a larger comprehensive respondent size. Registered voters who leaned Republican, Democratic and Independent were surveyed. According to the poll, 49 percent of voters say Biden is not a strong leader compared to the 36 percent who believe otherwise. Forty-nine percent also say Biden does not have the judgment to serve effectively, compared to the 40 percent who believe he does. Moreover, 47 percent say the incumbent president isn’t trustworthy while 40 percent believe he can be trusted. The survey also found that 66 percent of respondents – a solid majority – say the country is headed in the wrong direction under Biden’s leadership. Fifty-four percent of respondents – slightly over half – disapprove of the job Biden is doing. (Related: NOTHING NEW HERE: Poll shows 52% of Americans DISAPPROVE of Biden.) NPI CEO Mike Noble noted how Biden’s rating is “underwater” with both older and younger voters. He also pointed out that four in 10 Democratic-leaning voters think the country is going in the wrong direction. Seven in 10 independent-leaning voters share the same sentiment, Noble added. According to the NPI founder, two events have played a big part in Biden’s tanking approval. The rapid rise in inflation – dubbed “Bidenflation” – during his presidency coupled with the chaotic withdrawal of troops from Afghanistan after more than two decades changed people’s view of the chief executive for the worse. “It’s crazy; when you look at the numbers for Biden, first six or seven months, he was fantastic,” Noble said. “And right when the Afghanistan withdrawal happened, he dropped like a rock and he never recovered.” Noble: Biden has “perception issue” based on survey results The NPI founder and CEO observed that Biden’s trustworthiness as reflected in the poll’s results was rather surprising. “Historically, I think Joe would have scored really high on that question. But I think due to the Hunter Biden issue, he is viewed more untrustworthy than trustworthy among the overall electorate – which I think is a bit of an issue for him,” Noble said. The Biden crime family has been the subject of intense scrutiny over allegations that it benefited from overseas business dealings from the incumbent president’s time as vice president under former President Barack Obama. Under the leadership of its chairman Rep. James Comer (R-KY), the House Oversight Committee (HOC) has released witness testimonies, documents from Federal Bureau of Investigation informants and bank records that support these allegations. The HOC argues that the Biden crime family and its associates received about $20 million from entities in China, Ukraine, Romania, Russia and Kazakhstan. The money was coursed to about 20 shell companies before being transferred to the bank accounts of individual family members – including Joe, who was dubbed the “big guy” in electronic correspondences. At the same time, whistleblowers from the Internal Revenue Service testified that the Department of Justice meddled with the investigation into Hunter, Joe’s second-eldest child. The presidential son, who allegedly spearheaded the overseas deals, is now facing tax and gun-related charges. These allegations, Noble said, have eroded Americans’ trust in the incumbent president. Watch Owen Shroyer of InfoWars outlining some reasons why President Joe Biden’s approval rating is dismal in the video below. This video is from the InfoWars channel on Brighteon.com. More related stories: Survey: 75% of people in Joe Biden’s America believe the country’s economy is GETTING WORSE. CNN Poll: Joe Biden’s favorability rating drops to lowest point yet amid bribery allegations. Survey: 71% of Americans believe Joe Biden is TOO OLD for a second term. Joe Biden’s favorability rating the lowest of any U.S. president in 70 years. Survey: Only 37% of Democrats want a second Biden term. Sources include: JustTheNews.com Brighteon.com

Aug 24, 2023 Survive the News 0 Comments

Most voters see President Joe Biden as a poor leader and an untrustworthy chief executive, according to the results of a new survey. The poll, conducted by Center Square and…

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Data coming out of Europe shows that business activity this month has contracted to its lowest level since November 2020. In the Eurozone – the parts of the continent that currently use the euro as its main legal currency – the HCOB Flash Eurozone composite purchasing managers’ index (PMI) fell to 47.0 in August from 48.6 in July, its weakest level in 33 months. A PMI is a comprehensive index attempting to measure the prevailing direction of economic trends in certain economic sectors. The quoted flash composite PMI is focused on the eurozone’s manufacturing and services sectors. (Related: Conservative German party brands EU a “failed project,” calls for its complete overhaul as a federation of autonomous nations.) A reading of 50 or above would have marked an expansion in economic activity, while a reading below last month’s 48.6 would have signaled a contraction in the continent’s economy. Some economists were hoping for a very modest increase to 48.8 for August. The recent PMI would be the lowest reading since April 2013 if the Wuhan coronavirus (COVID-19) pandemic months were excluded. Cyrus de la Rubia, chief economist for the Hamburg Commercial Bank in northern Germany, said the eurozone’s service sector is “unfortunately showing signs of turning down to match the poor performance of manufacturing.” The services PMI dropped to a 30-month low at 48.3, while the manufacturing PMI only rose slightly from 42.7 in July to 43.7 in August – nowhere near enough to prevent the eurozone from entering a recession. “Considering the PMI figures in our GDP [growth] nowcast leads us to the conclusion that the eurozone will shrink by 0.2 percent in the third quarter,” predicted de la Rubia. “The downward pressure on the economy of the eurozone in August stems mainly from the German service sector, which switched from growth to contraction at an unusual pace,” de la Rubia added, noting that reduced output in German manufacturing also added to arguments that the country is becoming “the sick man of Europe.” Euro, British pound falling in value Following the release of the eurozone composite PMI, the euro responded by losing approximately 0.3 percent of its value compared to the United States dollar, trading at a low of $1.0809. Across the English Channel, the United Kingdom pound similarly experienced a dip, falling by 0.8 percent in value to $1.2636. These values represent a more than one-month low for the euro and a two-month low for the pound. Furthermore, the worse-than-expected readings have made financial analysts predict that both the Bank of England and the European Central Bank (ECB) may respond with less aggressive interest rate increases. “The continuing sharp drop in the PMI data will test the ECB’s growth optimism,” said Mark Wall, chief European economist at Deutsche Bank. “Ongoing manufacturing weakness might be more than just cyclical. It could reveal a more persistent and structural competitive shock.” “The weakening in services might reveal that monetary transmission is stronger than the hawks were expecting,” he continued. “We are expecting the ECB to pause [rate increases] in September, but it is not clear that inflation is where the ECB wants it yet. A pause should not be misinterpreted as the peak.” Back in July, ECB President Christine Lagarde herself noted that, for August, the central bank would either raise rates or pause rate hikes. No discussions were done considering decreasing interest rates. “We continue to expect services inflation to ease enough over the coming months to convince the ECB to not hike past September,” said Melanie Debono, senior Europe economist for economic research firm Pantheon Macroeconomics. “Stagnating employment combined with decreasing production and results therefore in lower output per head,” said de la Rubia. “As a result, the ECB may be more reluctant to pause the hiking cycle in September.” Current predictions suggest that ECB rates will remain unchanged next month at 3.75 percent. Learn more about the rapidly deteriorating state of the global economy at EconomicRiot.com. Watch this video discussing how at least four European countries – Estonia, Germany, Hungary and the Netherlands – are already in a recession and at least 24 more are on the verge of it. This video is from the channel MEGA (Make Earth Great Again) on Brighteon.com. More related stories: The international monetary system will COLLAPSE, warns James Rickards – it’s not a matter of IF but WHEN. Bond investors warn: Brace for INEVITABLE RECESSION caused by Fed’s continued RATE HIKES. Calm before the storm: Financial experts warn current market calm is a sign of impending recession. Germany falls into RECESSION amid high energy prices and drop in consumer spending. Europe has spent hundreds of billions in energy subsidies to shield citizens from EU-caused energy crisis. Sources include: CNBC.com Barrons.com MarketWatch.com Investopedia.com Brighteon.com

Aug 24, 2023 Survive the News 0 Comments

IMPLOSION: Latest data shows Europe’s economy has contracted to its lowest activity level since first year of pandemic Data coming out of Europe shows that business activity this month has contracted…

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