Laptop Class on Notice

Amazon was busy this week, sending out pink slips. When it’s all said and done, this massive round of layoffs could hit up to 30,000 employees. This amounts to about 10 percent of the entire corporate workforce.

The reduction in force (RIF) is expected to spread across several departments, including Human Resources, Cloud Computing (AWS), and Advertising. Moreover, this is Amazon’s largest RIF since 2022, which eliminated around 27,000 jobs.

The massive layoffs have several aims. First, to address the remaining excess of the pandemic hiring spree, when online shopping boomed and Amazon doubled its warehouse network. Second, CEO Andy Jassy says he wants to use Artificial Intelligence to “do more with less.”

In other words, these layoffs aren’t merely a reaction to typical economic headwinds – things like high prices or a slower market. Rather, they’re part of a structural shift for big corporations and will have permanent consequences for business, labor, and the economy. Continue reading

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Dollar Debasement as Permanent Policy

Fed Chair Jerome Powell recently stated quantitative tightening is about to end. What’s more, this will happen well before the Fed’s balance sheet ever gets close to $4 trillion, which is where it was prior to the coronavirus money printing festival.

If you recall, between 2020 and 2022 the Fed spiked its balance sheet to $8.9 trillion. To do so it created credit out of thin air and loaned it to the U.S. Treasury through purchases of Treasury securities. This process is known as quantitative easing.

The Treasury used the debt infusions to send out round after round of stimmy checks, among other things. This drove consumer price inflation to 40-year highs.

Any hope consumer prices would ever return to their pre-2020 level is gone. Over the last three years the Fed has brought its balance sheet down to about $6.6 trillion. Now it’s throwing in the towel before the job is even halfway done.

Last week, while speaking at the National Association for Business Economics conference in Philadelphia, Powell said: Continue reading

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The Great Gold Fever of the 2020s

Economic Prism Articles | Insights on Gold, Stocks, Inflation & FOMC“The whole way I’m driving out, I’m thinking I’m going to pull out this freaking $100,000 nugget.”

The remark was recently made by 50-year-old Mike Hewlett, a welder from California. With gold now over $4,300 per ounce, he’s traded his hobbies of snowboarding, skiing, and dirt biking, for prospecting. He’s hoping to make big bucks.

In fact, Hewlett recently extracted a chunk of gold about half the size of his pinkie fingernail out of the dirt in the forested Mount Shasta area. “I was jumping all around like you see in cartoons and stuff,” he said. When he later weighed his find, he discovered it was worth $175.

Sometimes in life there are endeavors where even the slimmest chance of a big score is reason enough to do it. The adventure – and the hope – are what make it worthwhile, regardless of if the ultimate payoff comes or not. Prospecting the well picked over mountains of California in the year 2025 is one of those endeavors.

Nonetheless, Hewlett is not alone. Others have recently been bitten by the gold fever bug too. Cody Blanchard, for example, a sanitation worker from Sacramento, recently found pieces of quartz veined with gold that he located with a metal detector. Continue reading

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Big Brother is Watching

Do you like being monitored? Do you like being surveilled? Do you like your digital footprints being tracked and stored by government contractors like Palantir for profit?

What if innocent activities – like criticizing the government – could one day be used against you in an authoritarian society? What if that not-too-distant future is already here?

Today we turn to Joel Bowman, founder and author of Notes from the End of the World, for edification. In this guest article, Big Brother is Watching, Mr. Bowman shares some alarming details about what our brethren across the pond, in the United Kingdom, are currently being subjected to.

Here is the USA, Digital IDs are a no longer a question of “if”, but of “when”. Alas, in the UK, the “when” is “now”. Buckle up for Bowman’s insights below!

After giving it a read, head over to his website and subscribe to his newsletter for all the latest findings as they’re reported in real time.

Enjoy! Continue reading

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