Adventures in Clown World: October 2023 edition
Welcome back to the “Adventures in Clown World” series here on RVIVR. We’ve got plenty to discuss for the month of October, so let’s dive into three outrageous stories from this past month. With that, let’s dive right now,
1. 8% Mortgage rates?
Under the Biden Regime, interest rates have gone up dramatically. The Federal Reserve has raised interest rates (i.e. the Federal Fund rate) above the the artificially low interest rates from the previous decade due to the rampant inflation under the Biden Administration. The bad news is that inflation is still well above the Federal Reserve’s target of 2%–considering the CPI showed inflation at 3.7% for the month of September.
One of the negative by-products of higher interest rates is the heightened cost of borrowing homes. This month, 30 year fixed Home mortgage rates hit roughly 8%–the highest rate in over 20 years. When you consider that home prices have skyrocketed in the past twenty years, housing has become pretty much unaffordable for most young Americans. According to the Federal Reserve, the price of an existing American home increased from $200k to about $500k.
8% interest rates on a $500k home is pretty insane, and there appears to be no end in sight to both the overinflated cost of real estate in urban America and high interest rates.
We are surely witnessing sown “Clown World” style economics under the current Biden adminsitation.
2 Will America eat the Bugs?
Back in January, I wrote an semi-satirical article here on RVIVR about the rising “bug eating” trend. Unfortunately, this cringy trend looks like it is here to stay.
Earlier this month, multiple media outlets reported that Tyson Food purchased a stake in a European insect-protein company Protix. On its website, Protix calls itself “the world leader in insect ingredients” and offers products such as Insect protein meal, insect fertilizer, and insect-based pet food.
This company’s mission aligns with the desires of globalist Klaus Schwab and the sinister World Economic Forum (WEF). Just last year, the WEF published an article on its website about how humans need to “eat the bugs” in order to combat so-called “climate change”.
It doesn’t matter that bugs are not a health source of protein for humans and cause people to become sick. The WEF and other globalist organizations will continue pushing the “bug eating” trend unless people start resisting.
I will NOT eat the bugs, and neither should you.
3. Corporate America won’t hire White Men?
About a month ago, Bloomberg published a report about Corporate America’s hiring preferences in the post 2020 (BLM) era. According to its report, Bloomberg discovered Corporate America’s preference for non-White job applicants over the past few year:
Bloomberg obtained 2020 and 2021 data for 88 S&P 100 companies and calculated overall US job growth at those firms. In total, they increased their US workforces by 323,094 people in 2021, the first year after the Black Lives Matter protests — and the most recent year for which this data exists. The overall job growth included 20,524 White workers. The other 302,570 jobs — or 94% of the headcount increase — went to people of color.
This report shows that Corporate America is blatantly discriminating against white males, yet you won’t hear Regime-backed media outlets or the Equal Employment Opportunity Commission (EEOC) throwing a fit over this fact. In fact, you’ll often see quite the opposite when perusing most Left-wing media outlets.
The unfortunate reality is that the “anti-white male” sentiment found on many college campuses has now infiltrated the Corporate workplace. Only time will tell if Conservative politician will take action against Corporate America’s unethical hiring practices.
If you want to learn more about this disturbing trend in Corporate America, then you check out these two Substack articles too.
