“Weekly News Wrap-Up 5/7/21
by Greg Hunter’s USAWatchdog.com
"President Trump is now calling the fraud of the 2020 Election “The Big Lie.” It’s much bigger than the Russia collusion hoax, impeachment #1 and #2 combined. It’s all in the process of being unraveled in the ongoing audit in Arizona. The Democrats are frantically trying to stop the audit. If they cannot stop it, they will simply discredit it. Even the DOJ is threatening to get involved as it might break federal election laws in a pre-crime kind of move. This is the biggest story out there because if the Maricopa County Arizona audit uncovers fraud, it will be just the first election audit domino to fall. The Democrats are watching all their power slip away as the audit progresses. Keep your eyes on Arizona.
Montana is the first state to cancel unemployment benefits. It is in response to the very tight labor market as the economy opens back up to an unprecedented worker shortage. 16 million people are still on some form of unemployment at the state or federal level. Will other states follow Montana’s move?
Inflation is roaring back, but the Federal Reserve and the Treasury Department seem to be at war with each other. Fed Head Jay Powell says inflation will be “transitory.” Powell does not seem to be worried about inflation. Meanwhile, Treasury Secretary Janet Yellen says rates are going to have to rise to keep the economy from “overheating.” In other words, Yellen is worried about inflation. Which is it? Well, check prices, and you will see just about everything is going up in price, especially commodities. Gold, silver, lumber, steel, iron ore, corn, wheat and soy beans are all going up - way up. That is inflation. Many in the investment community do not believe it is “transitory” but here to stay and getting worse - much worse.”
Join Greg Hunter on Rumble as he talks about these
stories and more in the Weekly News Wrap-Up for 5.7.21.
(Correction: The Fed is supporting the repo market with
$125 billion a month and NOT $1.25 trillion.)