Well, there’s another “economist” who can be set into the folder of ‘no longer useful’. During his appearance today on CBS Face The Nation, Mohamed El-Erian, chief economic adviser for Allianz, finishes his segment by revealing his underlying precept: Climate Change policy is now the economic policy driver of all his investment advice.
Within the interview, El-Erian said the “characterization of inflation as transitory is probably the worst inflation call in the history of the Federal Reserve.” Additionally, El-Erian said inflation is likely to remain high into the next year and perhaps beyond. Unfortunately, other than those two points of generally well educated accuracy, everything else is wrapped up in the political correctness of climate change…. which, you don’t really discover until the very end of the interview. WATCH:
The baseline for El-Erian saying the Build Back Better spending fiasco is a good thing, is based on accepting the pretense that massive amounts of federal spending will be needed to structurally change the U.S. economy from fossil fuel use to the Green New Deal. If you do not believe in this transformation, there is no merit to any component of the BBB spending proposal. It really is that simple.
As a consequence, El-Erian is staking the position that climate change agenda politics is now the focal point from which all other economic policy will be determined. He has conceded in his mind and worldview, perhaps based on his associations and peer discussions, that any forward economic analysis must therefore establish itself from the alternative fuel position.
It is only from the position that climate change is baked into forward economic outlooks that El-Erian can state inflation is structurally survivable, at the current level, with additional spending by federal government.
If he’s right…if congress does pass the BBB/GND at a level they are currently debating, then inflation will rise at/near current levels through Jan, Feb, March, then plateau around March/April for a few months, and then spike again -even higher- sometime around the spring 2022.
Keep in mind, in order for inflation to spike again in 2022, it will be building upon the prior massive inflationary step of 2021, because inflation is a measure of the percent change in prices year over year.
In 2021, we experienced around a 5% jump in overall CPI prices starting in the spring. That initial inflation jump cycles through at the same time next year, and you would expect the rate of inflation to drop or stabilize once the comparison period is passed in 2022. If the BBB bill is passed, the rate will jump again even when it cycles through the calendar.
- Example: December 2020 bread was $3.00
- December 2021 bread is $4.00 (25% increase over 2020)
- June 2022 bread at $5.00 is a 20% increase over 2021. Price difference same, but the rate of inflation is lower.
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Imagine the prices in the scenario above if the rate of inflation in 2022 is the same or higher than 2021. That’s the part people need to start thinking about now.
- Example-2: December 2020 Gasoline was $2.00/gal
- December 2021 Gasoline is $3/gal (50% increase)
- June 2022 Gasoline is $4.50/gal (50% increase), $5/gal, $5.50/gal etc
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The downstream consequences of interim energy policy shifts are major increases in current energy costs.
Few people realize how much everything jumps in price simply because oil, gas and energy costs increase. The entire process of creating stuff (raw materials), moving stuff, processing stuff (intermediate), transporting stuff, finishing stuff, shipping stuff, storing stuff, distributing stuff and selling stuff becomes a rising cumulative cost inside the supply chain.
When energy prices go up, a snowball effect starts traveling down the mountain getting bigger and bigger as it heads towards your house.
As Obama said, “Under my administration, energy prices will necessarily skyrocket“, but he could never actually do the structural energy change because: (1) Republicans took control of the House in January 2011; and (2) the economic blast damage would have been just too catastrophic for any attempt at re-election in 2012.
Joe Biden frees the leftists from those ideological constraints.
Everything you would normally consider to be a concern, anything that would limit the extremes of any legislative effort, has been removed. They plan to lose next year, so they have nothing to lose right now.
Joe Biden is an appointed figurehead for a background agenda driven by Obama’s Chicago Marxists and the global leftists.
The Biden far-left policy agenda is strategically a massive throw everything at the legislative process, in an effort to create major change in a short period of time. COVID is being used as the cover story, Biden is the disposable front man, and Nancy Pelosi is the facilitating legislative cohort.
Massive inflation, skyrocketing gas prices, collapsed supply chains, empty shelves or shortages in products, increased crime, devalued dollar, diminished international influence, horrible polling, predictable political consequences, none of this matters because Biden is disposable to the agenda.
Additionally, there are no limits to the obvious lies they will tell, because no one inside the administration cares about any public impact. This current effort is to drive the agenda regardless of political damage that can only catch them, or block them, in the 2022 mid-term election.
The “Green New Deal” legislation *is* the “Build Back Better” legislation. Once they get that bill passed, it’s mission accomplished. This is a legacy move for Nancy Pelosi, Chuck Schumer, Mitch McConnell and Joe Biden. This is the fundamental change part.
It appears in the interview with CBS Margaret Brennan, Mohamed El-Erian is accepting this Build Back Better legislation (or something similar) will pass the Senate and be enacted into law. At the very least, he is accepting that ‘climate change policy’ is now fundamentally accepted by U.S. voters. That perspective forms the baseline for him saying the climate change agenda is now baked into the U.S. economy, and inflation will have to be accepted – albeit at a debatable scale.
I hope El-Erian is wrong, because he is massively underestimating the scale of what will happen with total economic inflation as a consequence.
Factually, I think his analysis is corrupted by his associations on Wall Street. The elites (in his circle) think We The People are not smart enough to see what can happen if this complete transformation of the U.S. energy system is changed; or as healthcare policy architect Jonathan Gruber later said publicly, “We relied upon the stupidity of the American voter” to create Obamacare, the transformation in the healthcare system.
I am cautiously optimistic they are both wrong right now, although I can also see how this COVID noise is providing them a lot of cover.
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That picture of him could have come off the fireplace mantle of the previous Iraqi dictatorship
American policy getting ready to help everybody but America. Go long Russian oil, Chinese windmills and food. Short everything else.
It all comes to an abrupt end when President Trump comes back into office in 2024, if not sooner, and his great economic reverse reset comes in like a bat out 9f hell!!
2024? Yeah Ok! By then there will be no country left! The Globalist cabal are not going to wait until 2024, and I fully expect something big to happen between now and then to insure that Trump or any other republican other than a deep state RINO will not be elected to office! Count on it unless the American people decided to fully revolt then all bets are off!
I’m hoping for a full revolt before then. It’s so needed.
Correct Jedi, it will be far too late by then and is likely too late now. Why? The ticking time bomb is the debt. And the ticking noise is the inflation issue. The Regime & the Fed appear to have closely coordinated all of these death bed spending bills and proclamations of “transitory inflation” to place us on the brink.
The Fed labeling inflation transitory is now being called the worst call in the history of the Fed by various investment houses and economists. It wasn’t a mistake. The issue, how to raise interest rates in the face of two horrific effects?
One – The only way to reverse inflation is to raise interest rates. As interest rates increase, investors will eventually abandon the equities market and shift to the bond market. Crash goes the Dow.
Two – As interest rates increase, the higher burden of interest rates being paid on the mountain of debt will eventually lead to chaos.
Combined, they are the catalyst for Ameristan’s transition into the great reset.
Investment losses will be historic in the market, fortunes lost, the country on the verge of default on our loans will be forced to drastically cut spending, there goes SS and Medicare and more, wherein people will beg for help. Exactly what the regime and global cabal love and want, because they have no mercy.
It’s all about making America fall and as you say, ushering in the monstrous “Reset”.
Pray people! Pray!
“The only way to reverse inflation is to raise interest rates.”
The only way to reverse inflation is for the Fed to sell off its balance sheet.
Much of the bad debt they are holding was purchased at par. When marked-to-market, it will bring pennies on the dollar.
When this “revaluation of values” takes place, it will reveal that similar assets are overpriced and will have to be sold at a loss.
This mark-down is an economic necessity but a political nonstarter. It would trigger a severe recession and politicians would lose their jobs.
Raising interest rates while allowing the Fed to continually expand its balance sheet would only lead to stagflation.
Certainly a possible scenario but no sure thing either. Depends. It’s likely easier to let the balance sheet shrink more gradually and not reinvest maturing assets. And there are what $5 Trillion (or more) in treasuries with maturities of 5 years or less?
And, with the Fed already signaling 6-7 rate hikes through 2024, they appear to have already chosen a path. Time will tell. In reality, the net effect of either scenario is crippling on the economy and the consumer and unsustainable.
He may well get into office again, but he will never be able to un-do all the the present resident has done without a lot of help from the House and Senate, and they aren’t gonna do it. Just look how much they appear to just love what the current resident is doing…..they are helping him as much as they can.
Personally, I’d love to see Trump back. I don’t approve of the current resident.
Fraud vitiates everything. It will all be unwound, no approval needed.
Trump would be back in 2025… no sooner. Lots of damage before then.
That isn’t all, read on another site that one of Bidens biggest donors got a 5B loan? to build a facility in India for more solar panels. Couldn’t do that here could we?
The Clinton’s own a huge solar farm in India
The Democrats favorite campaign contributors were running wind farms (that kill loads of birds,bats,butterflies,dragonflies etc) in Texas! So much for those “Green Jobs”
A solar plant owned by the Walton family. They like cheap labor.
Bill Gates also has large Solar panel farms going up on his newly acquired large swaths of farmland.
What a coincidence LOL. THe Clinton foundation was trying to do the solar farm thing too. Not sure if they still are, or have the other folks Walton’s etc. doing it for them now that they are under the radar for Fraud.
I serve on the board of a local financial institution. At our last meeting a motion was proposed to invest in a solar panel venture and was the lone “nay”. When the CEO asked my rationale, I unabashedly said that most panels are made in China, and as they are our main competitor as well as enemy, I could not countenance that.
Walton
“…and food.”
My sweet wife was researching the source for dried pumpkin seeds in our local grocery store. They are from China.
It led her down a path to discover that many food items are sourced from China.
I find that incomprehensible, yet it evidently is true.
Time to up the ante from my garden bags to an actual full-sized raised garden with chickens.
Baghdad Bub.
Reminds me of when Obamnation was first running for president in the fall of 2008 and said we are 6 ? days away from fundamentally transforming these United States of America. Imo he didn’t care one whit about legislation
it was all about who he was going to fill up the IC with
the Armed Forces top levels of government ( non elected but appointed) Judges etc
he was building an army of traitors to this country the likes of which we have never seen
example above DC is a cess pool of evil on both sides That is what I think this is why we have this entire scamdemic and stolen election. POWER money is secondary but it is part of it spiritual battle
we need to stay on our knees and pray There is righteous power in prayer. GOD our Heavenly Father will see us through
His promises are true and His love unfailing Grammy
I do not believe that people are singularly Stupid. Profound stupidity in one area is usually a sign of a larger issue.
Joe Biden is not F’d, we are.
PresTrump was our last chance to keep our country.
We knew Dems would send us all to hell in a handbasket when they got back in power. That’s why it’s doubly tragic PresTrump’s admin didn’t last 8 years but only 4
In fact, I think we’re seeing that Dems only needed a gap to monkeywrench everything irretrievably
They’re kinda getting it done in 2 years
I hope I’ll be proved an Eeyore rather than a realist, and that PresTrump will sweep back in in 2024 and there’ll be a broad wave of actual conservative GOP that’ll rule for 10 years or more
But, if wishes were horses
You’re 100% right
if wishes were horses:
“If one could readily have what one wanted, life would be easy.”
For example, Wendy would love a brand-new car for her sixteenth birthday but-if wishes were horses.
This expression is a shortening of If wishes were horses, beggars would ride, first recorded about 1628 in a collection of Scottish proverbs.”
https://idioms.thefreedictionary.com/if+wishes+were+horses
Love it. haven’t heard that one in a long time.
If wishes were horses, we’d all be eating steak.
-Jayne Cobb
The country’s being run by the horse’s asses.
donkey’s asses…
Trump recognizes the biggest impact on any society today is the Internet. We now have a fully fledged and well trained Narcissistic society. All bought about by Facebook, Twitter. People wake up everyday and live their false selves. It is encouraged, worshiped, applauded.
Trump IS doing something about it, and the Narcissists and their parents can go to hell!
True. But we’re willing (and I run the risk of projecting here) to be totally F’d just to be sure that Biden/Obama and the oligarchy pay the greater price.
“If wishes were horses”…”many would ride”. I grew up on horseback; it’s not easy. It’s not without risk. Managing a horse, especially one you’d want in rough country, can be a challenge.But you must know your horse, and, more importantly, yourself as a rider…and most importantly, where you are going. Where the horse chooses to put its hooves are mere moments along an eternal pathway to the campfire after day’s end, to tomorrow.
Never lose sight of that.
Thanks for that, KaweahKid – it’s kinda zen but encouraging
I’ll return to it and keep re-reading it to let it absorb and settle
I’ll be looking forward to that “greatest price”
The “greater price” I had in mind was a timely topple from their thrones built upon ill-gotten privilege at the expense of the public trust, and certain judgment in the lake of fire.
But I’d be right there with them except for the grace and mercy of the True Shepherd.
I’ll take a stab at explaining that ” zen where horse’s choose to put their hooves”. I always say ” Life is just a series of decisions that we make”. Need I say more?
It was the disastrous agency picks from 2017-2020 that undid the good being done by the few good guys. Where could we be today without the insipid AGs we had to deal with, the FBI and CIA chiefs to name a few. If we make it to 2024 and win we’d better have a say in the new crew. No more Scaramuccis, Barrs, Boltons, Haspels, Wrays, McMasters et al.
Then we’d all ride. Totally agree nimrodmam.
I feel like I live in Bizarro World these days.
We have gone through the deepest rabbit hole of all time.
It’s beyond Bizarro World because half the population thinks nothing is wrong.
Amen!
Look at most of the younger women nowadays. Look at their IG, Facebook, etc. They are either on vacation 90% of the time, or posing in bikini’s pretending to be on vacation. I’d wreckon America is a failed country at this rate. They act as you said, like nothing is wrong LOL. Most of them are also the ones supporting BLM, etc. because they are Brainwashed by leftist.
Not just supporting it, but are part of it. They are the ones doing most of the marching and protesting.
You know you’re living in a failed state when the cutting edge of accepted discourse is to choose between a zillion gendered pronouns/possessives/adjectives.
“God save the King” (he/him/his, as it were)…and my forebears came across on the Mayflower!
Right? And when a good friend of mine tried to blame this on Covid I checked him like a check box at your local DMV!
Aka The Twilight Zone
I think what he is saying is
1 he doesn’t think 2022 will change anything
2 if the Rinos win they won’t change anything
3 the Rinos will be happy to let the BBB happen.
So
He thinks this is the future we are stuck with.
Unless a bunch of Rinos are primaried, and their replacements win, he is probably correct.
As an economic adviser he is being a realist. He may not agree with the policy, but he is following where the big government money is going.
Seriously. Where DOES the money go?
20% is said to be actual “infrastructure” spending whatever that means.
Does the 80% go into piglosi’s pocket?
Yes.
… and to all those smash-and-grabbers “because they’re hungry”(TM)
we will all be doing smash and grabs they way things are going , except it will be at the local supermarket !
yeah, but the difference is, you’ll be prosecuted
judging from your name, I’d wager your skin is too light for you to be one of the “because they’re hungry”
To liberal states, liberal interests, and liberal groups. A massive transfer of wealth to our liberal rulers.
Indirectly I would say yes, it goes into Pelosi, Biden, Obama, etc. Pocket, watch the money that flows outside the USA that makes it harder to track.
Basically.
Paid out as salary and overhead to the bureaucrats and political hacks running the programs. Just like the Clinton Foundation did in Haiti, Splendora, Burisma etc …
Federal welfare programs have been like that for decades – approximately 25% is paid out to the impoverished, the rest feeds the bureaucratic beast
To UNIPARTY sw*nes……mycroft
And further
We the people do NOT want climate change policy we know it is the same scam as COVID19,
And
We do not want the BBB Green Raw Deal.
But we only have Rinos to vote for in our defense.
I have pointed out before (Onama care, assault weapon ban) Rinos NEVER repeal anything enacted by Dimms.
So the Rinos will keep in place what is there, and we may get a few things, such as a wall in a deal including amnesty but once this is in place nothing will change it except kenetics and rope.
We have to clean out the rinos that are up for relection and neuter the likes of beijing mitch mcconell, spineless kevon mccarthy, thune, barrasso, rimnry, collins, mukowski, tillis, Ernst and so forth and so on!!
We need to deprive mcconnell of his leadership in the senate and spineless mccarthy in the house!!
Both lez cheney and sh*t for brains kindinger will both be gone!! Other house rinos who need to go as an example 2 new jersey house rinos chris smith and Jeff van drew (former dem turned rino) both of new jersey –
Dem senators such as both dem senators from new jersey- racist f*ckhead booker and pervert menendez from New Jersey .
Dems like waters, swalwal, the entire squad in the house as well as dem senators sanders, hiawatha, coons, carver, kobechar, and the entire dem new york and california house members.
Start voting out the enture dem racist black and dem hispanic caucuses !!
Purge our government!! Get rid of lying deepstate incompetent political hacks like schiff, nadler, schumer, etc!!
Then start voting in people who want to work to support and defend our constitution andv”WE THE PEOPLE”.
Cut off government benefits for lazy generational lazy scum !! No work, no money!!
Clean out government at all levels – local, srate and federal!! Break administrative agencies like osha, dept of education, epa, etc!!
If a crooked politician gets caught, seize his or her assets and send them to jail!! Break them!!
Strengthen the criminal justice system- break terrorist groups like antifa, blm, c.a.i.r who support hamas and hesbollah, the anti American palestinan terrorist supporting groups . In addition, bust radical hispanic terror groups like la raza, etc.
Purge our educational system of radical murderous scum like bilateral, Angela Davis, etc!! Blacklist and deport everyone of the above if they step out of line!!
Purge the U.S. Government- of tratorious scum like the bushes, clintons, carters, obamas, kerry’s , bidens- if they commit treason execute them!!
Build a sring military- and enforce the U.S. Monroe Doctrune throwing the murderous chicom commie chinese, the russkies, the Iranians, out of our sphere of influence!!
Sieze all possessions of overt, and covert, foreign enemies of the United States!!
If a terrorist is caught in the act execute them like that radical murderous islamic jihadist who went on a shooting spree at // on Fort Hood .
If you murder a police officer or federal agent/officer – its the death penalty!!
Start to bounce and prosecute judges at all level that legislate and violate the U.S. Constitution!!
Stop all illegal money making schemes, scams and in government at all levels – local, state and federal. If you feel your not making enough money as a legislator- make it impossible to line their pockets!!
If you have tratorious scum for legislators like the squad – aoc; pressley,; bush; talib; and omar, etc. Bring them up on charges, prosecute, seize all their assets and imprisoned andvdepirt them like talib and omar for instance!!
Legislate “strong” non watered down legislation- strengthen what’s on the books and limit government and business influebce in our government- especially by anti Constitutional foreign/international conglimerates!!
Prosecute filthy scum like soris, etc who seek to over throw the United States of America!! Finally, either one is a “legal” U.S. citizens in order to vote, obtain benefits such as hospitalization, etc. If illegal deport on the spot!!
Do away with dual citizenship- your either a U.S. citizen or not, no other way!!
Cut off all foreign aid as well as all monies tinthe illegal united nations!! Throw them the hell out of the U.S. if they owe money to the U.S. their property is seized until full restitution is made!!
Cut the size of the state department and intelligence community!!
Trators there that are found out like Brennan, comey, McCabe, etc if and when found guilty execute for treason and espionage!!
If you break the law you pay!! If you do the crime you do the time as harsh as possible!!
Cartels pushing drugs- automatic death penalty!!
LOUIS N BAILEY FOR PRESIDENT YOU GOT MY VOTE R.D.
If BBB is passed it creates programs that will not go away. . . Ever. We will be in a perpetual war against an invisible foe without ways to measure progress or failure except for govt propaganda.
As bad as Covid fear-mongering and control has been, climate fear and control will be much worse and it will never go away.
Unfortunately Manchin will cut a deal and there will be at least a couple of RINO’s that will be happy to make it bi-partisan.
Thus far republicans have been huge failures at repealing any scam programs once they get back in power, see Obamacare.
The RINO’s will not wake up until there is no energy and all production collapses.
They’ll not wake up until they get the “2020 Dominion” treatment and are out of office. Rs are largely pansyfied careerists who calculate everything for re-election. When that strategy withers in the face of the high tech lynching they’ll go home and start lobbying careers. Ds will own the show bc Rs couldn’t be bothered.
Amazing how intelligent people will betray their soul to try and remain on the invite list. Pathetic.
They are rushing us to our extinction. They will be sorry when it is done and they wake up to their new reality. It is unbelievable.
That is their aim, and they are winning.
These are the minions – men who sold their souls.
El-Erian’s chit has been called in.
The New Deal was a flop and what pulled us out of the Great Depression was WW II.
The New Deal was an economic flop, as a social and political vehicle it was tremendously successful at expanding the size and nature of the Federal government.
What pulled us out of the Great Depression was forced savings brought about by strict rationing during the war.
When the war ended, this capital pool financed new homes and automobiles for demobilized soldiers.
And a lot of GIs were taken off the bread lines when they didn’t come back with their buddies.
If war acts as a stimulus, why didn’t East Germany develop as far and as fast as West Germany?
Right it wasn’t the war it was the post war. Us soil was unscathed and there wasn’t any competition
…and the production capabilities of Europe were scarce because the war destroyed property on a vast scale.
US loans and export trade revived Europe and made Americans more prosperous than ever before.
If war is an economic stimulus, why not just build huge fleets of aircraft carriers and sink them in the Pacific?
What Chistian Warren left out is the silencing of the unions for national security reasons. Unions had been a huge drag during the 30s. Dems had an excuse to silence them during the war. After the war they passed laws taking power from unions.
“What Chistian Warren left out is the silencing of the unions for national security reasons.”
Unions don’t cause inflation; they create unemployment.
When unemployment rises, the Fed depreciates the currency so as to make labor more affordable.
Inflation is always and everywhere a monetary phenomenon.
The same people’s minions and the same system got you into a Depression and created both world wars .
In a strange twist of fate , they now have more power but we have more awake numbers.
This fact leads me to believe something must “Snap”sooner rather than later.
These climate nuts, are very worried, as the above joins Cramer in the looney bin. Just suppose 2022 and 2024 does not have the Dominion Vote? Suppose 2022 & 2024 puts to pasture or Gitmo or a rope the Political Puppet Players that have been on steroids since 2016 trying to cover up all things illegal and of Treason against the folks and USA. With the return of the environment of 2016, these evil doers will not only loose their freedom, possibly life, but massive amounts of wealth. “The best is yet to come”. Hold on tight to your dreams. Can’t stop it! Merry Christmas!🎄🇺🇸🙏
Red States will boom.
Blue States will suffer but no accountability. Tax base will shrink, crime will increase, and local blue state governments will illustrate to the union how corrupt and ineffective they are.
Move to a red state!
If they voted for their scum to destroy their state, they need to stay with them.
We don’t want them in beautiful flyover country. The mentally ill Liberals should be made to stay where they destroy. You could also airlift and drop them off in the African Congo and let them see the real face of Diversity
Build walls
further ‘no accountability’ for Blue states is that they will get bailed out when they default (by solvent Red states)
Nnooooo! Don’t invite them to move to a red state. They are the ones that voted the blue in, let them suffer it. You know that they bring all the carp with them when they move to a red state…..Please do not encourage it.
No worries. We won’t move to your states there all being flooded by illegals anyhow. Your Rinos in your red states are just as responsible for this mess as the blue state dems. You voted for them. It’s your own fault.
They have the SALT tax scam for that, it launders the money from Red states to Blue states.
The Fed must “regain control of the inflation narrative.”
El-Erian gives the game away here. He doesn’t want inflation to end, which would necessitate the end of any new asset purchases by the Fed.
No, he wants Chairman Powell to quietly buy up whatever portion of the $3 billion in Green New Deal debt the capital markets cannot absorb.
good catch
furthermore, El-Erian doesn’t much care whether inflation ends, he wants the Fed to “regain control” of the NARRATIVE
I am tired of hearing the slogan Build Back Better, nothing was broken to build back. I despise Communists.
Yes commie scum propaganda slogans also give me the sh*ts , in the most oppressive state in the Western World the slogan on all gov documents and even on registration plates is
” Victoria the place to be ”
Sickening.
Now there is some irony. That would grate on my nerves big time every time I read it.
Stones , ‘cough’, ‘cough’ scratches ‘cough’ !
Glad to see your still with us Mungrel hope your keeping your head down and your family safe be well my friend prayers for you and yours R.D.
In my ‘much younger days’ I’d understood that the gas tax we have paid for eons was supposed to go for ‘fixing’ the roads, but haven’t seen it yet….who gets the taxes and where does it really go? Several years back they they raised the tax on cigarettes, I worked at a ‘smoke shop’. Didn’t smoke, but worked there. When I tried to look up how much money the state got, it was invisible….nowhere did it list cigarette tax as state income…..like there was none collected, but it was sure charged. Who’s ‘ pockets did it line?
“[T]he gas tax we have paid for eons was supposed to go for ‘fixing’ the roads, but haven’t seen it yet….who gets the taxes and where does it really go?”
The fuel excise tax, inaugurated by President Eisenhower, was established as a dedicated highway maintenance fund.
Bill Clinton was allowed to raid this money and use it to paper over the deficit his administration was running.
He then declared the budget was balanced and there would be revenue surpluses for “as far as the eye can see”.
The manbearpig VP was given the task of selling this fiction, which was embraced with few exceptions.
In short, the highway funds have been misappropriated. Now they will have to raise taxes for an infrastructure build-out that never should have been financed through general revenues.
BrokeBack better. Just add the Mtn for their satanic GloboHomo/transhuman agenda
Don’t think Republicans will save the Republic and repeal Biden’s BBB if they win majorities in the House and Senate in 2022. The GOP never reverses Democrat gains and legislation. NEVER. Consider that McConnell was instrumental in enabling BBB to be passed. He helped Schumer do it. Republicans won’t have the votes to repeal any of it because half the GOP enabled it in the first place. They have no intention of reversing it and alienating their globalist donors.
I pray the GOP gets their act together. Many of them say BBB paves the road to socialism – we need them to fight this tooth and nail.
In the end they won’t ratchet it back
The ice cold reality. Whatever R senator votes to continue with McConnell is a traitor and a fraud… but isn’t that all of them? Sticking with Turdle is their outing.
The Sun is the horses. The Earth is the Chariots.
What is man?
The Fly on the Chariot Wheel.
Climate Change predates man. It predates monkeys. It is caused by the sun and to a lessor degree the earth, yet puny little man, with his overblown ego, thinks he is controlling it or can control it. This is like Asope’s Fly on a Chariot Wheel with the fly’s “oh, what a dust I raise”. If stupidity were comedy, it would be the entertainment of an eternity.
The quality of your comments has been of a high level lately. Keep up the good work, please.
I have to agree offcoursenation has really ben on a roll i love it keep em coming R.D.
And a big part of the covid scamdemic was a front to get climate change policy in thru the back door. What better way to hurt the fossil fuel companies than to lock people in their homes and ruin their jobs and businesses?
Everything the left does points to the same globalist/marxist end game.
Goldman Sachs, Blackrock, Vanguard and most of the other Wall Street firms are all into Tesla and the Climate Change stocks which is why John Kerry, Biden, Pelosi, Obama and the Democrats are pushing the Hoax!
Before it collapsed it was CCX, Chicago Climate Exchange that was going to make them trillions squeezing us Kulaks
A few years ago I spoke with my neighbor. He is a small business owner and very fiscally conservative. I was trying to explain to him about the climate exchange and the whole carbon credit scam whereby countries would be allotted fixed credits.
A country like Hati would get X number of credits off the bat but they would never use them. A country like the US would get X number of credits and they would use them all up quickly. They would have to negotiate via the carbon credit exchange with countries like Hati to get them to transfer their credits to the US.
I explained that this was all made up graft. People like al gore and John Kerry would get rich just by being alive. The US would still build cars and tractors. Hati would still build nothing.
My neighbor looked at me like I had two heads.
It all reminds me of “Shovel Ready Jobs”
The corrupt and fraudulent government in DC is making a lot of “shovel-ready” stuff but it sure isn’t jobs……
The Chamber of Commerce and CCP demand BBB/GND, so Republicans will make sure Americans are last.
2021 – If we just spend a couple trillion more that tornado doesn’t happen
2022 – If we just spend a couple trillion more that tornado doesn’t happen
2023 – If we just spend a couple trillion more that tornado doesn’t happen
2024 – If we just spend a couple trillion more that tornado doesn’t happen
20xx – If we just spend a couple trillion more that tornado doesn’t happen
Biden Calls Kentucky Tornado A ‘Hurricane’ – YouTube
well, they’re both twirly things …
In the picture, Biden has much whiter teeth than Obama.
My dentist said Biden has false teeth, not just crowns.
It’s not just his teeth. The man is false, through and through.
new mask again ???hmmmm
false or veneers
they do veneers these days
He said in a video, he saw Biden’s upper teeth drop a bit.
ah, ok
so Sleepy Joe’s part of the Polident generation
I used to really look to this guy, (mostly seeing him on M. Bartiromo’s show) for solid insight into the financial world. No longer. What is wrong with these people?
He and Jim Cramer have been drinking the same Kool-Aid. Their livelihoods depend on maintenance of The Narrative.
It’s not prudent to assume anything that you watch on TV is accurate.
Maria Bartiromo has him on all the time. I will not listen to him and his observations anymore.
In my opinion, we (the world), should just allow the gradual transition from the current energy fuels, to better, and cheaper forms of energy, without cutting off our current fuels causing financial problems.
Henry Ford didn’t jump from the model t to today’s ford cars in 20-30 years. The wright brother’s first plane didn’t jump to today’s planes in 20-30 years. So why would we think we can get to zero emissions in 20-30 years?
Smart free people will always beat any government programs, as we have seen in the past, like some solar companies, etc.
And might you be so kind as to enumerate a short list of these alleged “better and cheaper” forms of energy?
thanks in advance
My point was, to “allow the gradual transition from the current energy fuels, to better, and cheaper forms of energy”, as they may come along in future discoveries, just as all other things I mentioned. It took many new discoveries in the car and plane examples I referred to get to today’s models.as examples. Who knows what new energy types may come along in the near future?
Stargate has zero point units that could be invented
“as they may come along in future discoveries, just as all other things”
All well and good, Coyote
Problem is – Dems want to force things NOW
… and at present, those “better and cheaper” yada yada ain’t here yet
Dems ain’t waitin’ for those “future discoveries” you speak so glowingly about
So we’ve got a disconnect
A second reading of El-Erian gives me reason to think that he may be genuinely uneasy about the Federal Reserve’s policies and wants Powell to begin tapering off soon.
https://www.cnbc.com/video/2021/11/30/short-el-erian-inflation-is-the-biggest-threat-to-investors-but-buying-opportunities-exist.html
El-Erien was formerly the big boss at Pimco, the world’s largest bond-holding company. He may still have financial links to them. Inflation is fatal to bonds and this could be one reason he is trying his best to tamper inflationary expectations.
And …The Stupid Party will ensure they do their part to make it all happen.
Ah yes, the same old climate change scam. Lets talk about how the Great Lakes came to be, thousands of years ago????
Economic analysis, Uniparty Swamp Creatures that violated inside trading laws. Eric Cantor changed it so families could still trade. If you are working for the gummint, you should not be allowed to buy/trade stock, period. Big Pharma seems to be a winner for them.
https://www.yahoo.com/news/29-members-congress-caught-violating-193508477.html
” Climate Change policy is now the economic policy driver of all his investment advice.”
Sounds like he is following the political winds. Good or bad that’s part of his job.
I’m not defending him, just making a point.
I suppose you are right.
When stupidity gets massive amounts of government $$$$$$, invest in stupidity.
Well speaking of Federalism it seems TX and a few other states could go rogue and drill, baby, drill irregardless of what the rest of the energy sector does. Let the dummies wreck other states’ electricity generation capacity while our states use natural gas.
Has any state gotten a new and honest election “processor” to replace Dominion? Didn’t think so. Dimocrats win in landslides. You expected the Fabian Socialists to roll over and forfeit the election?
In case you missed it, the Biden Crime Family Cartel just spent Thanksgiving at the mansion in Nantucket of one of the billionaire founders of the Carlyle Group which owns Dominion. Can it get more in your face to Heritage America that they stole the election? They are rubbing our faces in it
“By 2030, you will be made to starve in order to save Mother Gaia — and you will like it, comrades!”
El Arian, El Erian…remember the Muslim Brotherhood engineering Prof at USF who was dismissed and deported and it made such a stink? Is it a coinkidink of spelling? Or are they related somehow? I know Arabic translates many different ways as to vowels.
The Muslim Brotherhood has most certainly infiltrated the Democrat party. Huma Abedin comes immediately to mind.
Huma Abedin’s ties to the Muslim Brotherhood
https://thehill.com/blogs/pundits-blog/presidential-campaign/292310-huma-abedins-ties-to-the-muslim-brotherhood
I was thinking of Sami El Arian. He was the professor of engineering that was dismissed.
That works also friend. I’ve been watching the Democrat-Communist-Muslim alliance since the Bosnian days.
At this stage of the game, why are we listening to anyone named Mohamed? After all, to the Muslims, we are the enemy and they want to rule us anyhow….or kill us.
If it provides any hope, I was at a private talk El-Erian gave around a decade ago on a different subject, the “Arab Spring”.
I don’t remember much, but I do remember the absence of any mention of the Muslim Brotherhood. And naturally, no mention of el-Sisi, who wasn’t to enter the Egyptian scene for probably months. This must’ve been around the time after Mubarak was out and Morsi was in, but before el-Sisi saved Egypt.
In other words, El-Erian tacitly accepted that Morsi was here to stay.
El-Erian is quite fallible.
Does anyone else notice the high number of non-Heritage Americans( & Non-Heritage Europeans in Europe) in positions of power now?
It’s intentional. They don’t have any legacy and are easier to control..
Bingo and do not have any ties to the countries & peoples they destroy at their “hidden” masters bidding
No skin in the game so to speak
Yet their skin is often their sole “qualification.”
Amazing how these people wish to pass a planet on to those they deem fit to smash on the head, vacuum out, slop into buckets, and discard as trash and cells for their plastic surgery! THEY MAKE ME SICK!
An old great article exposing the Wall St “Global Warming/Climate Change” Carbon tax scam. Green is Red!
Blood And Gore: Making A Killing On Anti-Carbon Investment Hypehttps://www.forbes.com/sites/larrybell/2013/11/03/blood-and-gore-making-a-killing-on-anti-carbon-investment-hype/?sh=4129ad4a32dc
It is very scary, Because you all know it your heart that this is all based on lies. Anything built on lies will never ,ever succeed. So what will they say when this country is in an even bigger mess. MY BAD? They can take their theories and stick them where the sun don’t shine. they seem to have a lot of them. This Transformation is socialism or communism lite ,they just refuse to admit it and use their own language to descibe it to make it seem like it will be a Good thing . And they will call you a crazy extremist for even calling them out! They have a lot of useful idiots who will follow them to the gates of hell.
No thank you. I’ve been there and it aint a nice place
Any Repubs vote for Build Back Better garbage should be voted out or taken out on a rail.
They have not thought this through all so called green energy anything is nothing but leftist bs jobs and tax farming.
Every weapon system in the military is built and run on fossil fuels. All this electric garbage requires precious metals that come from you know where. All electric vehicles (are golf carts) The ability to travel by driving will be restricted. Those idiotic windmills are made with fossil fuels and also made in you know where. This stuff will increase prices across the board…but that the plan isn’t it.
They can’t keep the power on now because these stupid things.
None of this will make American lives better besides their leftist patrons and foreigners who wish to see America fall. These people truly hate everyone.
What Biden is proposing is ridiculous; making cars obsolete, having people travel by train instead (Amtrak specifically), not being energy independent, putting the kabash on owning single family homes, a supply chain crisis – I feel like it’s the return of the 1930’s.
Favelas and controlled transportation for everyone. Bugs living in a hive.
These people are sick and stupid.
While I agree in concept, there’s one detail I still don’t agree with.
They aren’t planning to lose in 2022. They don’t plan to allow that to be an option. The entire point of this massive push is to break the system completely before that point so that they can usher in its replacement. And its new leader.
the bankers completely run the climate change agenda
they want to make the US dollar backed by carbon dioxide (rather than oil)
the last 30 years of climate change, focussed on C02 has been all setup for financialization of the ecosystem, the air itself becomes a commodity
climate change is the new bullshit buzzword. Used to be privatization, then outsourcing, offshoring, mass immigration, social justice etc.
Now, its CLIMATE CHANGE.
C02 has been financialized, its like Gold or a barrel of oil. Its now fungible and the market is completely owned by bankers.
The bankers ARE the owners of CLIMATE CHANGE.
Time for new financiers imho
“Sell! Sell! Sell!”—Randolph Duke (Ralph Bellamy)
—Trading Places (1983)
And if they hadn’t transformed the health care system with Obamacare, they would be unable to perpetuate the COVID fear, as we now see it allows them control over the narrative, Doctors and treatment
I think, eventually, the country may figure out that the Chicago Marxists are producing Chicago crime on a massive scale…but, by then, it might be too late. When the Al Capones run the Federal Government‚ even the world, where will lawlessness end?
Faze The Nation.
there are less motivations from the USG and global corrupt governments to establish alt energy that actually works, than the motivation to simply create another state control market and start transferring wealth from oil producers and the oil industry as a whole. The goal is have direct control over oil producers AND to also have it with alt energy producers.
to congress and the rest of the corrupt nation states who have adopted similar insane unworkable funding schemes for these programmes, the costs will surely exceed any comparable return. It will be an “investment” that will be ear marked writ large for graft, fake contracts, phoney technologies that are unviable, stock speculation and the new market magic that happens with the proposed new energy companies that will surely be announced as major oil producers will spin off chasing down lucrative goverment funding to create white elephants.
they have manufactured a existential threat and now are self funding their own interests to create a new market that will allow them to transfer wealth and POWER from oil production companies.
it has nothing at all to do with climate change.
this is a wealth transfer event.
nothing more.
even IF climate change is real, even IF CO2 is the bad gas that can be controlled to prevent broiler year 2040, it would take the entire global power infrastructure to realize near zero emmissions …about a 90 percent reduction in current terms over the course of nearly 100 years. and that is just to level off. This will not reverse the climate change problem related to CO2.
So even IF climate change is real, the US and the rest of the world would have to start immediately and literally shut down every single natural gas, cracking, fuel oil, coke and coal energy company…every single ICE engine, vehicle, truck, private and public, or commercial…parked….
all of that replaced by alt power energy.
and every single nation and society would have to match that effort.
and all that infrastructure, parts, tooling, instrumentation, brain trust, training, labor, technicians, transmodal systems to support it..new regulations..new business rules…
all of that would have to happen, then AFTER that is all done, you wait 100 years for CO2 to stabilize. It doesn’t go down. It just stops climbing.
so goes the climate change science..
The real reasons why these corruptors want to do this right now and in this way is to disrupt the market.
and there is nothing like making big big money when you can start a brand new market ..whether that market actually does anything of significance in the main street and globally. It just sounds terrific and great…and that’s all that matters to corruptors. the money..always the money.
big oil knows the benefit also…fuel prices will go skyward to provide the fuel energy for all those “changes”.
The real reasons why these corruptors want to do this right now and in this way is to disrupt the market.
Indeed. Disruption so profoundly destructive that it massively reduces the human population and herds the remainder into tightly controlled hives.
The Dystopian Dream.
Bidet
did askDEMANDED that the MSM write better economic news for him.“The Biden far-left policy agenda is strategically a massive throw everything at the legislative process, in an effort to create major change in a short period of time. COVID is being used as the cover story, Biden is the disposable front man, and Nancy Pelosi is the facilitating legislative cohort.”
Yet the Biden far-left policy agenda is a dialectical arrow in the Quigley quiver. Nothing more.
Where’s the Uniparty in this analysis? Are we pretending it’s repealable or an intermittent manifestation in our alleged ‘two-party’ system? The genius of the system is that even our most astute political commentators must fall of necessity onto one or the other side of the scrimmage line. Red/Blue is a powerful cognitive dividing line, signifying very little in the final analysis.
This analysis seems to be implicitly championing the ‘better team’, the Repugs. However there is no better team. There is only one team. The elites are gonna go where they’re gonna go, wending a path of cosmetic division to fool the rubes. A Biden is a Paul is a Pelosi is a DeSantis: members of a duotone team, all pulling in one direction, some perhaps less consciously than others.
Of course, anthropogenic global warming (AGW) is a complete fantasy, but I don’t think that that is not Mo’s point. His point seems to be that it is going to drive global government policy, because the Ruling Class can make money off of it.
Germany’s already there with their “Energiewende” destabilizing their electric power grid and driving costs through the roof. The U.S. is already well on its way. My natural gas prices have more than doubled from last December, going from $0.32 per CMF to $0.69 due to “President” Biden’s antics.
In this sense, it is similar to the “Covid vaccine” mandates. Most Americans don’t want to be told they have to take an untested drug, but the Ruling Class can make money off of it, so the FedGov mandates it.
Neither initiative, “renewables” or “Covid vaccines” will continue forever, since neither is based on reality, but they will continue long enough for the Ruling Class to make buckets of money. Destroying American lives is just a side benefit from their perspective.
Destroying human civilization in order to build back bitter is their dream.
The Climate change fanatics are merely the props used by the totalitarian tyrants to Steal our money. Scammers, Rats, Theives. I don’t think they are the least bit concerned about climate change. It suits their agenda the same way the covid fear porn is being used on us.
El-Erian was a bond pimp in 2008. He also was a cheerleader/apologist for the mortgage fiasco makers.
El-Erian is a bond pimp now. He’s making the hot mics just like he did back then.
When equities fall (or looks like they will fall) where does the money go?
What greater scam is there for bonds than BBB?
Brainwashed Children of the Corn desperately cling to the Cult of Climate Change. For 1/2 a century, the climate grifters have been issuing 10 year “end of days” warnings. For a while, during the 1970s, global warming, global chilling, and global famine were all said to end the world in 10 years. (Simultaneous dire warnings) There is always a new ignorant generation, Brainwashed Children of the Corn, who slurp the toxic Kool Aid. Snake oil salesmen, such as Gore, grift huge $$$ banking on their stupidity. MAGA !
Corn=Ethanol. The conversion of corn to ethanol drove up prices for Dairy. Green is Red!
It drove up prices for food to the degree that it produced famines in the Third World.
Ethanol is a monstrously destructive joke that rapes our soils to no benefit for anyone but the grifters.