The Bureau of Labor and Statistics has released the May inflation report [DATA HERE] showing a 1.0% increase in the month of May, bringing the rate of inflation to 8.6 percent. The highest rate of inflation in over 40 years.
This month of inflation data is particularly important because it cycles through the May 2021 calendar comparison from last year when the first wave of massive inflation first triggered. The current year-over-year 8.6% rate of inflation now lands atop twelve months of massive increases in prices.
The data clearly shows how energy costs are the dominant factor hitting every aspect of consumer purchasing. Gasoline increased 4.1% for the month, 48.7% year-over-year. Fuel Oil increased 16.9% in May, 106.7% year over year.
The energy sector is crushing the ability of consumers to spend on anything else. Real wages declined in May 0.6% as paychecks are being eaten up by massive inflation. On an annual basis wages have declined by 4% year-over-year [BLS DATA].
Unfortunately, there is no forward optimism for any change in energy policy from the Joe Biden White House, that means energy costs will continue skyrocketing as the ideologues in control of the administration push their climate change Green New Deal policies.
Additionally, we still have the third wave of massive food price increases to look forward to later in the summer as the big increases in field costs start to reach the supermarket. Those food store increases will average around 20 to 30% more than current.
Table-2 gives you a great breakdown of the price increases in specific sectors within each of the larger categories. [SEE HERE] Eggs increased 5% in May, that’s a 60% annualized rate of inflation for eggs, which are already 32% more than last year. Chicken is exceeding 30% inflation and growing.
A CNBC media report is below, as Wall Street laments the Fed response. However, the Fed cannot do anything to stop this inflation because what’s needed is a total reversal of U.S. energy policy.
[CNBC] – ““It’s hard to look at May’s inflation data and not be disappointed,” said Morning Consult’s chief economist, John Leer. “We’re just not yet seeing any signs that we’re in the clear.”
Some of the biggest increases came in airfares (up 12.6% on the month), used cars and trucks (1.8%), and dairy products (2.9%). The vehicle costs had been considered a bellwether of the inflation surge and had been falling for the past three months, so the increase is a potentially ominous sign, as used vehicle prices are now up 16.1% over the past year. New vehicle prices rose 1% in May.
Friday’s numbers dented hopes that inflation may have peaked and adds to fears that the U.S. economy is nearing a recession.
The inflation report comes with the Federal Reserve in the early stages of a rate-hiking campaign to slow growth and bring down prices. May’s report likely solidifies the likelihood of multiple 50 basis point interest rate increases ahead.
“Obviously, nothing is good in this report,” said Julian Brigden, president of MI2 Partners, a global macroeconomic research firm. “There is nothing in there that’s going to give the Fed any cheer. … I struggle to see how the Fed can back off.”
With 75 basis points of interest rate rises already under its belt, markets widely expect the Fed to continue tightening policy through the year and possibly into 2023. The central bank’s benchmark short-term borrowing rate is currently anchored around 0.75% -1% and is expected to rise to 2.75%-3% by the end of the year, according to CME Group estimates. (read more)
We are in an abusive relationship with government…
“Nearing a recession”? Do any of these idiots go to the grocery store or put gas in their cars? Limousine liberals telling the masses that it’s not as bad as we think it is and it’s only going to get better. VOTE THEM ALL OUT.
Won’t do any good on a national level. Think local, it’s coming regardless, prepare.
Here in Calimexistan we got an “open” Jungle Primary. Your party registration doesn’t matter.
So, I registered as a Democrat this time around.
They sent me 20 ballots on the mail… I made some copies and got to vote 50 times!
Used a purple crayon… if I had used a black ball pen and properly filled in the boxes they would have been suspicious!
I believe we (the US) are in a recession right now.
lulz VOTING
If you do not do your part and vote then you are allowing them your vote and easier numbers to CHEAT with.
If everyone voted they could not add fake ballots for days/weeks to get the numbers they want.
Look at the 2020 election and know they stole the election by padding the ballots with those people that never vote and the inflated (10%)* voter rolls and you will see then numbers and counts were electronically (Dominion / voter program) manipulated to follow the 2010 Census shifted 10 years to cover the 18 – 100 ages perfectly.
We know how they do it. Now we just need to bring them all to justice. This may seem to be the hardest because so many of the courts are “Liberally” educated, indoctrinated, and ideologically entrenched, but the US Constitution and our smarter Founding Fathers who just finished fighting tyranny left us the means and other means if those fail.
*Voting roles that are only purged AFTER the election to clean their criminal fingerprints off of that source.
its like playing hard to get with a rapist.
All of you – need to understand 1 thing. ALL PATHS ARE EXHAUSTED. the only way is People United and United Locally acrosss the country with Dems voters and Rep voters.
How to do this? –> email PDJT until he gets the message that we need WEEKLY RALLYS
Reason to do this? —>
Then a protest can be effective that even the FBI couldnt stop.
Trump isn’t going to save you or the rest of us. He is no more powerful than Ted Cruz at this point. The dems have taken over the country as far as they are concerned they just have not let it all out yet for us to understand we are done as America. Oh the red wave sure………. It gets worse from here.
PDJT is the most powerful megaphone on this planet for us. If he said fight you life, they are going to kill you – everyone would be on high alert.
people that never get off their butt, got off of it for the Rallys.
Nothing I posted above is about VOTING. its about j6ing every local office across the country. and legally purging the corruption in the Red states. then using the Red states to push the FED off.
Nope. It’s past the tipping point. Federal government along with state legislatures and with MSM in the dems corner as well, stole our election. Both Republicans and Democrats wanted Trump out to continue Congress getting kick backs from giving foreign governments our money.
Congress is not about governance but a business that feeds from the Treasury trough and the labor of citizens.
When our voices are nulled by theft and removed from public square, there is no measurable way it can be restored.
It will be interesting to see what happens in San Francisco.
They recalled the very liberal crackpot DA, Chesa Boudin and many say he will just be replaced with a more liberal crackpot.
He was recalled by a fairly wide margin, the people spoke so we will see how the mayor London Breed responds.
Will Boudin’s replacement be closer to what the people want or will it be another crackpot liberal?
If it is another liberal jerk what will the people do next?
I do not know but it might be a show of some kind of force on the Mayor’s house or City Hall.
The people of San Francisco might be tired of being ignored and pushed around.
They can not fight at the federal level but they can show extreme displeasure at the local level.
I am not saying that they will shoot the place up or burn the place down, but there are ways of having a “show of force” that will get attention.
I have wondered if this is where we will start.
We can not all travel back to DC but we can travel to our state capitals.
That might be where we start to give the other side an idea of how many of us there are out here.
God Bless America.
Boudin was funded by Soros. Soros states he will fight all recalls.
I agree WhiteBoard.
Donald Trump is a very powerful asset to our side.
The Enemy is working hard to destroy him, his is # on their hit list.
He can not do it alone and needs our help, but working together We The People and Pres Donald Trump can win this.
We have many different tactics to use and do not need to argue about which are best.
Some of us are good at one thing and some others.
For now perhaps, instead of arguing which tactic is best we should choose one and go at it as best we can.
Long and hard depending on how much time, energy and money we have.
The other side loves to have us argue about what we should do instead of working on how to defeat them.
God Bless America.
It kills me to agree but you are correct. The liberals own the press, and the judicial system. That leaves us a single option and it is not a good option.
Come the end of the day you really have to ask if the machine is broke beyond repair, and can we ever recover from this?
I will never stop fighting, and conceding defeat is not in my DNA!
FJB
You are absolutely correct. I’ve come up with a plan to do just what you speak of. I’ve presented it here a couple of times. Hint, I know I can trust you by your posts. If we only had a direct way of communicating. I’ve come up with a solution.
I agree……whatever the actual # FJB had it was enough cover to allow them to steal it. I surmise it was around 65mil votes. Conjuring up 15mil fake votes is no easy task and it showed those with eyes to see the giant con job. Say it was only 50mil now they would have had to manufacture 30mil. Not sure that they could have pulled that off.
Look I’m not going to pretend it doesn’t suck. We used to have to worry about D’s cheating here and there. I think we all knew last election DT would need to win by 3% at least just to avoid their shenanigan bullshit. Well he easily won by more than 5% but they did it anyway. What else would you expect from a beast that is cornered with nothing left to lose.
I have severe reservations about voting our way out of this. Still we must try. If they go down this road again there may be a lot more people who wake up. If there’s a bunch of Populist Candidates likely to win not sure the voting will even happen. Hello Covid or Cyber Attack!!
They knew how many votes they needed to fake before the election. They knew the actual count in the two previous elections that they no doubt cheated to win. They were ready to go, and still needed a couple of million more.
They didn’t go to all this effort to seize the country to just let it go in the next election. We now have an authoritarian dictatorship running this country, you can’t vote your way out of that.
The western financial system was on its way to collapsing. Everything Obama did after 2008 just kicked the can down the road to get to this point. The reset is not just a wish for them, it’s a necessity, or they all get the lamp post treatment.
Everything happening now was planned years ago. Hillary was supposed to be the one to bring it in because she is evil. Biden is even better for their purpose, he’s so demented he can go out and read some lines he actually doesn’t care what he says, or what the population thinks of him, because he has always been a completely corrupted compulsive liar and cheat. He’s a child molester and a rapist for goodness sakes.
The unelected bureaucrats far out number those that are elected, and the unelected are actually the ones who control things. There’s only one way out of this and it doesn’t involve voting.
I am afraid you are right. Most people in DC are part of the system of power…like the Russia colluuuusion hoax they will not back down quietly. Elected officials either vote them more money or they need to watch out.
yep….2nd, 3rd and 4th echelon un-elected bureaucrats have to be purged or elections do not count – imho
Irish had plan for that.
There’s always more than one option.
We could do “nothing”
As in a national strike.
No bullets required.
Just prepare .
They cheated over 6 million votes, that is hard to beat even with everyone voting.
Everybody looks at Dominion and the ballot box stuffers, etc. What about all the buses bringing people to several voting stations throughout the day?
Motor voter and illegals getting drivers licenses also greatly increased their voting base.
Notice how there hasn’t been a Rock the Vote campaign for years now? That’s because they figured out they don’t want people actually voting, they just registered everyone they could to vote, and voted for them. It happened everywhere in the country. They have the voter rolls. ERIC Pffft.
Welfare recipients are notorious for not returning their ballots. I think the Democrats know that and vote for them.
No, they do not. They have tax paid errand boys to to take care of delivering their taxpayer funded transportation and meals.
Liquor is free in Congress. Most likely food also.
Not “free” but paid for by others.
Yeah we’ll use Dominion voting systems to accomplish this
This is the difference between us and the DC swamp elites. And they don’t care. And even the Kool Aide drinkers are starting to wake up. Can’t blame bad tweets on what’s happening. Reality is gonna slap them harder with every coming day.
Reality – if inflation outstrips GDP we are in a recession. Using today’s stats it’s about -7%. Using 1981 calculations we are about -17%. That’s a depression folks
The recession will be in full force when we stop seeing “help wanted” signs.
…and this follows the show trial that would rival any other dictatorship’s propaganda-laden, one-sided, televised “judicial” performance.
Wonder how all of this is playing with the folks at home?
Yes, a one-sided “judicial” performance by the legislative branch because we no longer observe the separation of powers devised by our brilliant Founders.
Apples to apples from 40 years ago it’s more like 17 to 25% year over year.
Yep. They’ve changed the method of calculating inflation twice since the 1970s. As of last month it was 17% using the old method. This month isn’t up yet.
http://www.shadowstats.com/alternate_data/inflation-charts
Rising crime, rampant inflation, open borders, wars that can’t be justified or paid for, rounding up and jailing political opponents. If I wanted to take down a country and her people….
That’s what I would do.
the more pertinent question remains what we would do to restore it.
We aren’t allow to organize, the FBI will track us down. Only Obama and he kind can organize and he has a 10-12 year head start on us.
Our President Trump says he has the answers.
I no longer think American have the guts of our forefathers. A few will die fighting the rest will appreciate it.
Only 3% of the US population fought in the Revolutionary war. Food for thought. Hence the III%’s.
10 million armed Americans may not defeat the US Govt, but it would be decimated nonetheless
The corporations controlling the U.S. government would be better targets IMO. The government is nothing but puppets. The good news is we have massive power with both without firing a shot in offense. Learn from PDJT. He did it to other nations and entities across the planet. Use money as a weapon. We saw what the Canadians did with Trudeau started freezing bank accounts. Use it.
This is a different world. The weapons the powers have at their fingertips can wipe us out quickly and completely. They know where we are and what we are doing 24/7. Our lives are lived through the internet.
Most won’t be able to leave their houses to fight. They’ll be to busy trying to protect their loved ones from the marauding bands of starving people willing to kill to get what they want.
Be encouraged by the fact that a very low percentage of patriots were part of the American cause for independence from Britain. The majority were just trying to scratch out a living for their families. Some even sides with Britain! Today we have multiple strong organizations at work dealing with voter fraud alone. If you do not have a free and fair election you do not have a country. There are specific groups dealing with the border issues and many others. Find your cause and stick with it. We need to fight this beast from every angle. They are doing the same. I personally am involved in an Article 5 Convention of States as a District Captain. For a short explanation see video
I have heard people on this site defame this cause because of their lack of understanding. The three COS planks would severely curtail the radicals on both sides of the aisle through 1) term limiting them 2) imposing fiscal restraint better known as cutting the purse strings which will automatically bring about the third plank which is 3) reduce the size and power of the federal government. COS wants to take the power from the federal government and return it to the states for local control and oversight the way our founders planned. Some say we can accomplish this with voting Not if the elections are fraudulent. I work elections in my state. The JBS say we can accomplish this with nullification. Not if there are no boundaries put on our federal government. Without boundaries it is just a game of wack a mole to see who will get tired first. I say there is room for all of these projects to work together. Nullification is that immediate action taken by a local or state government when unjust laws or dictates are imposed. Governor DiSantas is a perfect example of the use of nullification. But why can’t the American people also work to bring pressure to bear through Convention of States and election integrity as well? There is room for all three to work. While people criticize and say there is not enough time the globalists and American governmental handmaidens are gaining. I love Conservative Treehouse. Over the past 6 years I have learned so much here. But we need to stop complaining. I am a grandmother of 9 and they are each one a very good reason to roll up my sleeves and get involved. Many opportunities can be done from home! We have a country to save.
COS is has a very effective system of grassroots organization and is growing exponentially. Probably we have the most recent election fraud and Biden Administration to thank for our growth!
Is it?
The economy stems from energy, and our ability to produce it.
A stick up Brandon’s ass is not energy.
He’s a puppet, is what I’m saying.
Speaking of Brandon’s back side, I had homemade bean soup yesterday and had hot dogs and barbecue baked beans tonight and haven’t had any problems with gas………………….YET.
Spent $4.49 per gallon this morning in Kerr County, TX. I know it’s much higher in other areas of the country.
Stay vigilant, if you’re a believer, you know how this ends.
$7.19/gal for Shell premium as of yesterday in Contra Costa County, CA.
#LetsGoBrandon
Will_in_CA: I’ll be driving cross country, soon, from CA, and look forward to saving money on gasoline!
bring a couple of jerry cans. fill them when your in red states, use em when your in blue.
Harbor Freight has a d battery powered fuel transfer pump that will make the process much easier. It’s about 20 bucks.
Same here, I am leaving CA for a new state in late July.
76 station on Ashby has diesel at $7.69
in order for it to get to that end you speak of, are we called to act or just to stand around and watch?
I will be in Kerr County next week to help out at EchoHill.org Gold Star Camp which is an amazing all expense paid camp experience for children who lost a parent in the military. It is owned and operated by Kinky Friedman and his sister Marcie. Lots of great active and retired military volunteers make the camp incredible beyond belief.
I am looking forward to paying $5 a gallon for my diesel fuel in Texas. Here in Santa Barbara it is $7 a gallon and climbing by the day. I’m sure I’ll hit some $10 a gallon stops on my drive out, especially when passing through Los Angeles.
Looking at about five and a quarter for diesel out there in Kerrville and the Hill Country.
Thanks. Not surprised. I left Kerrville in late April and diesel was around $4.50 and inching toward $5 as I drove west.
But there is going to be A LOT of suffering before The End..also America isn’t even mentioned in End Times prophecy…what happened to us…self destructed or conquered by our enemies
Exactly correct! We’re living in the suicide of America. Those pieces of human garbage that are currently doing everything possible to destroy the nation will be the ones the evil of the one world government will eliminate first thing. They not only have to face a devastating future here, their eternal place will be right there with their dark leader.
Murder, not suicide.
Paid $5.59 in Olympia Washington at a Fred Meyer’s.
North Bend just east of Seattle.
$5.79.
$4.89 in Richmond Virginia.
$5.19 in the Metro Detroit suburbs, and only going up!
“Unfortunately, there is no forward optimism for any change in energy policy from the Joe Biden White House, that means energy costs will continue skyrocketing as the ideologues in control of the administration push their climate change Green New Deal policies.”
None of this has anything to do with “saving the environment”, and everything to do with the destruction of the USA.
Everything is going to plan, and there is virtually NOTHING that anyone outside of the regime can do about it.
The USA is finished, and it’s time for those States where sanity and integrity still prevail to begin the process of gaining their independence, to assert their respective rights to self-determination. The Communist iceberg has ripped an enormous hole in the hull of the USS Titanic, and it’s time to abandon ship. The Texas Nationalist Movement is leading the effort in Texas.
texitnow.org
tnm.me
The TNM is also forming an election integrity task force to ensure that future election fraud is mitigated. Every Texan should be made aware of that.
Terrific post, thank you.
We are truly in uncharted waters ( at least in my time 63 years)
There is not one Western nation that is not in on the scam.
We remember when they all mocked your inspirational President at the G7 etc.
I would like to take this opportunity to again thank Sundance and the CTH posters.
While the wife and I are doing okay financially ( we grew up poor and still live with thrift/value in mind.)
We have closely followed CTH articles and have quietly accumulated more cash and assisted a son with a mortgage renewal approximately nine months ago . ( the rate he and his wife secured is now a full 2% higher and rising weekly)
Agreed think local.
Our scumbag Trudeau is off waltzing around with the Governor of California yammering on about Green Energy.
Screw Canada…Our town, the town our vacation home is in are the only locations I care about now.
Cheers!😎
Dekester, your “Justice” Minister, Lametti, has made the statement that Canadians do not have an absolute right to private property…
I beg your pardon…Justin’s “Justice” Minister. Mea culpa.
Yes he did!
Interestingly though Punjabi, Chinese and other immigrant groups I know will turn on the powers that be with extreme violence should they go after property.
Many years ago in the affluent side of Vancouver B.C. local leftist politicians attempted a subtle increase on taxes in the affluent Westside.
Well, the next day thousands and I mean thousands of folks of all political persuasions took to City Hall and that idea was shelved.
What is interesting is that many folks are getting nervous.
They had drank the Kool Aid, and enjoyed the Pablum the MSM was spoon feeding them.
Many are in despair.
As always..Cheers!
You notice how NO republicans are doing anything to fight this.
That is the tell tale that this is going to get much worse.
“..the Fed cannot do anything to stop this inflation because what’s needed is a total reversal of U.S. energy policy.”
Exactly right. Until we go back to sensible energy policies the out of control inflation will continue to soar. Everything we use is reliant on fossil fuel in some capacity, from manufacturing to delivery, personal comfort to transportation. The so called “sustainable energy” can’t even be produced without fossil fuels.
The Real President Trump: I have solutions to this intentional disaster inflicted on the American people.
The
FraudFake President Joe Biden: Shut up and learn to accept your new normal. We are not done with you yet.The only people getting screwed is that same as it’s always been, the consumer. These corporations are doing just fine and yes that includes oil companies.
Those at the top of the hierarchy will always be fine, but the many good people working to produce our energy are suffering every bit as much as the rest of the country.
In general I agree, though these days no one is untouchable; we’ve come a good distance from the days of castles and moats. The one thing we can rob those with delusions of omnipotence of is easy freedom. Task them at every turn. Make their soldiers work. We are many, they are few.
This came to me watching D.C. Metro use dump trucks and snow plows to block freeway offramps as the convoy circled the beltway a few months back. Just driving around tasked them and caused much frustration and I believe one death when a motorist ran into a snowplow on an offramp. They made their choice to do that. Convoy didn’t threaten them in any way. Use it.
They are burning down the structure of our existence, which is based on energy.
Problem with their radicle approach is, there will not be anything left to produce their new wind-up toys, that they claim will save the structure they are burning down…
I keep seeing the term recession….
I think they should start telling the truth and say a depression is coming…🤷🏼♂️
Crime rates are going to skyrocket …
We’re heading in to a dark tunnel.
Ugh only thing I can say good about the situation is I didn’t vote for this shit.
Hope you’re feeling better SD.. Have a good day Treeps!
👍🇺🇸💪🏼🍻👊🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🍻🍻🍻
Small businesses are going to start falling like dominoes.
I had to make the decision today to stop patronizing my favorite diner because it now costs $15 for breakfast w/tip plus $2 in gas to make the trip, and he’s warned us that prices are going up again. I simply can’t afford it any longer in retirement. The same food prepared at home is about $4. Do the math. I empathize with the Diner, but all “dine out” places better brace for impact. I’m not the only one who is strapped.
I’m in Mountain Home Arkansas temporarily. Ate at Schlotzkys 4 weeks ago. Same exact meal last night was up $2! From $7.79 to $9.79. Saw at McDonalds they had a deal: 2 cheeseburgers, 20 ct chicken nughets, 2 medium fries for $15! Crazy time. I’m done eating out until I hit the road to drive home in July.
Biden is going to give a talk on how the US is leading an effort to fight inflation. How absurd is this after pushing his $2 trillion stimulus plab through Congress.
That and p!ssing away hundreds of billion$ in foreign aid just in the past year. 🙁
It’s not only food & gas. I had to spend $9.98 for a small(2.8 oz) tube of GE silicone that I use in my biz that was less than $4.00 6 month’s ago
I bought a baby 2oz tube of red Loctite last week. Nine bucks! Nuts.
$8 bucks for bales of dead grass at Lowes???
Yep it’s insane, I had to buy a box of silicone the other day…. 66% increase when you figure sales tax on top.
Then there was the paint I needed 118% increase since he stole the WH. Unheard of in my lifetime!
FJB.
See auto parts.
See tractor parts!
Inflation data point: at Safeway last night the small bags of Pete’s coffee (10.5 ounces) had jumped up from $10.99 to $12.99. I haven’t bought coffee for a month or two, but this seemed very sudden.
I mentioned it to a cashiers who I see regularly and she said that the instant she buys is up from $2.99 to $5. Holy cow.
A can of Kirkland dark roast coffee at Costco has gone from $8.99 to $14.99 ! A 6 pack of their canned chicken up to $14.99 from $9…a six pack of frozen Cornish game hens up to $25 from $19…that’s nearly a $20 increase for 3 items in your cart
I used to get a six pack of canned beef for $8.99 and now it is a four pack for $10.99.
Reminds me of my beloved grandma Ruby who started voting Democrat in the 1930s when FDR bought up all the starving cattle. Ruby says her family would have starved to death had it not been for the canned stringy beef handed out by the FDR administration to those living in the Midwest ‘Dust Bowl’.
Ruby voted Democrat until 1980 when she cast her first Republican President in almost 50 years, Ronald Reagan. She continued to vote GOP until her death in 1999.
And then promptly started voting democrat again, post 1999 😉
LOL! I should check the voting roll where she lived. Her family came to California in the Dust Bowl migration in 1935 so there is a chance she is still voting.
Liz Cheney: “You will hear the president yelling and quote ‘really angry at advisors who told him he needed to do something more.’ And aware of the rioters chants to hang Mike Pence the president responded with this sentiment, quote, ‘Maybe our supporters have the right idea.’
At this point that is hearsay and there is no evidence he said that. And almost no one’s even heard about any “Hang Mike Pence” chants because out of the million people in attendance at the protest that day there were only a few who were saying it. She should be arrested for lying to We the People; oh, never mind, that’s not a crime. Have her arrested for lying to Congress!
President Trump came out on Truth Social today and confirmed this was another Liz Cheney lie.
For the first time in my life I paid over $100 for a tank of gas yesterday. I whispered loudly “F*ck you Joe Biden” and the guy on the other pump started laughing.
TexSwede: Next time, don’t wisper. Shout.
I haven’t purchased gasoline in 7 weeks. Went to fill my S-15 mini truck and WOW! Talk about a shock!
Biden is talking now – says 40% more efficient with containers at the LA port.
Are they still keeping the containers in the Ocean to help this lying piece of shit make catch phrases like the one above?
WhiteBoard: Yes, I have seen the shipping stack-up, outside Ports of LA and Long Beach. I usually count at least a dozen ships within easy view. The rest are out in the fog (which tends to sit right offshore, this time of year), or over the horizon (16 miles or more out to sea).
https://www.medey.com/industry-news/vessel-map/
nimrodman: Cool map.
it was 2nd in the list that came up from a keyword search “Long Beach ship tracker”
1st didn’t have a ready-made map, had search boxes to look up each ship by name
8% my ass. Try 75% plus.
FJB and F UNIPARTY
Last nights sham j6 show was a distraction from what is an economic disaster created by a resident who aims to destroy us!
Don’t know but HGTV had great remodeling shows.
I watched the Lightning beat the Rangers.
I am reminded of an old man’s story about his friend years ago.
The friend goes in to see the banker. The banker said “You better get prepared because a depression is coming.”
The friend said “You better be the one getting prepared. I’ve been in a depression all of my life.”
This will not go away for at least 5 years.
nobody ever believes me about what I say. My email box is getting full….lol.
Inflation is higher than expectations? Or it’s all going according to plan?
The local car dealer sent me a postcard wanting to buy my 4-year-old car back.
True?
I have a 2013 Ram 3500 dually that one dealer is offering me $43k… with 79000 miles on it. I bought it 9 years ago for 38k. It’s nuts out there. A friend has a 2004 f150 with 180k miles. He was offered 11k for it. He bought it used in 2008 with 18000 miles for 14k. Crazy!
We get one a month offering what we paid for it. It is a 2016. Sounds good until I realize I have to replace it.
Biden just said the MAGA Gang is trying to take away peoples Social Security money.
i wish he was younger! so he could suffer once the law actually gets enforced. That Ring wont always be owned by these punks
Biden just said Exxon made more money than God this year. And said they arent drilling with the leases he gave.
is it not obvious their means of power is simply pushing lies
My congress person witch has this excuse all over her FB page.
Massive layoffs are coming. People aren’t going to be traveling (hotels, cruises, airlines, resorts, amusement parks, beach/lake rental properties), shopping (malls, etsy/ebay sellers, small retailers), eating out or buying extra treats (restaurants), golf/pool/country club fees.
Then there’s services like streaming services, lawn service, maid service, HVAC service, hair and nails, gym memberships, other subscription services.
How many layoffs are we looking at as this attack on energy goes on?
Government workers will be traveling. It’s one of the many way the federal government launders lobbyists’ money. Hotel lobby gives money to our elected representatives. Those elected representatives then enact legislation that pays money to hotels. I travel a lot and the hotels biggest customers I meet at the Holiday Inn Express level are government workers and military. I won’t stay at the lower end type places because they appear to be full of people staying there on ‘homeless’ vouchers.
You are 100% correct. I am glad I don’t work in or with any of those services.
Agree.
I canceled my car wash service subscription earlier today.
Hated to do it….but every penny counts!
Biden’s ‘Inflation Tax’ Is Costing US Households $433 Per Month
JUN 10, 2022
https://www.zerohedge.com/personal-finance/bidens-inflation-tax-costing-us-households-433-month
Everybody was thrilled to get stimulus checks in the mail during the COVID-19 pandemic.
“It’s free money!” many exclaimed. But nothing in life is free. This includes “free” things handed out by the government.
So today, you’re paying for those stimmy checks and the government pandemic spending spree.
I’ve written that American consumers are paying more and getting less. Analysis bears this out.
According to estimates by Bloomberg Economics, US households will spend $5,200 more this year than they did last year on the same consumption basket.
That breaks down to $433 extra in expenditures every single month.
Heinlein quote. TANSTAAFL. There ain’t no such thing as a free lunch.
The Moon is a Harsh Mistress … excellent book.
The harsh reality for many is that rather than spending $433 more per month,
they will be living with less of everything.
I’ll put it bluntly and crudely. Feel free to stop reading now.
We are in an abusive relationship with government.
We are being gang raped by our gvt mafia and I for one have no practical idea how to make it stop.
Vote for every Republican candidate in November. We can at least slow some of it down until we can re-elect Trump in 2024.
There is no way to make it stop.
I posted about it above:
“Unfortunately, there is no forward optimism for any change in energy policy from the Joe Biden White House, that means energy costs will continue skyrocketing as the ideologues in control of the administration push their climate change Green New Deal policies.”
None of this has anything to do with “saving the environment”, and everything to do with the destruction of the USA.
Everything is going to plan, and there is virtually NOTHING that anyone outside of the regime can do about it.
The USA is finished, and it’s time for those States where sanity and integrity still prevail to begin the process of gaining their independence, to assert their respective rights to self-determination. The Communist iceberg has ripped an enormous hole in the hull of the USS Titanic, and it’s time to abandon ship. The Texas Nationalist Movement is leading the effort in Texas.
texitnow.org
tnm.me
The TNM is also forming an election integrity task force to ensure that future election fraud is mitigated. Every Texan should be made aware of that.
We are on the wrong path and it is destroying America, so let’s just bust it up? I never undersood the logic of this.
Ever been divorced? Sometimes the only way to survive an abusive relationship is terminate it.
How to make it stop? Vote? HAHAHAHA.
Could Johnny Depp have voted his way from amber Turd?
We decided the secession issue 150 years ago. Try it again and you will get the same result. NO STATES LEAVE. Period. Put your energies into something productive. Bloviating about secession is bull shit.
OK bloviate how to do something productive. Don’t be shy. Tell us how to do it.
BTW 150 years ago was 150 years ago.
I never understood the logic of doing the same thing over and over and expecting different results.
No, but he had balls enough to sue her for defamation and won his case
… but I hear ya on the terminate bit
At least he had status. Something us little peoples don’t have. /s
I would be interested in hearing your thoughts on how to solve the problem…………you get zero points for suggesting we vote our way out of this mess. That has been tried….looking for new ideas.
But we DO vote our way out of it, from the bottom up. Vote in locals who will get rid of the rigged machines and do it all with paper ballots and manual counts. Keep working our way up. It took the leftists half a century to take control. We won’t get rid of them in one election cycle, and we certainly won’t get rid of them by trying to secede, since they currently control the US military and would not hesitate an instant to forcibly quash your attempt.
The recent recall of Boudin in San Francisco is a huge blow to them. Even liberals eventually come to realize that the faculty lounge marxist and progressive political philosophies are just so much hocum and simply do not work in the real world with real people.
Unfortunately, it looks like it will get worse before it even begins to get better. Keep the faith, even if that is at some point all we have left. Infiltrate. Fake it. Then hijack Build Back Better and morph it into Build Back MAGA.
Trump 2024
Defeatist attitudes never solved ANY problems.
I am interested in hearing your ideas to solve the problem of an illegitimate, illegal and unconstitutional putsch regime occupying the seat of the federal government and that putsch regime being supported by the corrupt and criminal elected and unelected bureaucracy.
Too bad we don’t have presidential recalls.
Trump won. And everybody knows it.
Yes indeed, TRUMP WON !
So far 2022 to date is the worst year for the DOW in recorded history by the numbers.
The DOW currently is down more than 4,700 points since the beginning of the year.
Is Biden a legitimately elected president? If not, why would you wish to “recall” him? Recall implies legitimacy. Biden is a usurper. What is the proper way to deal with usurpers? There are about 335 million people in the US. (maybe only 290 million of us are “legal”). You and I (and perhaps a few others) think Trump won. What should the few of us do to achieve justice?
Everybody with an IQ in the triple digits.
I would be curious to see the total numbers from the election, or from the inauguration. A lot of damage was done in the first few months of this globalist term.
President Biden Speaks With Retailers About Ocean Shipping Costs
It’s all BS from the BS in Chief, but the Whitehouse staff forgot to turn off the comments like they always do.
Thanks! I saved some of that page for when it disappears.
Less than 200 likes…that is definitely a “tell” .
And scrolled for quite a ways and did not find even one positive comment.
spaul: Yeah, a stroke of JoeBama’s pen will fix it. You bet.
I tanked up my car at a “cheap” gas station–$4.97 a gallon for regular. Next, I suffered sticker shock at the local grocery store where pork was the price of sirloin and sirloin was out of stock, which doesn’t matter anyway because it would probably be the price of tenderloin. I bought ground beef which had been discounted because it was at its expiration date. Thought about making some nice cutlets for dinner, which would mean cubing some slices of bread, but even the plain dinner rolls were $5 a bag. I remembered I had frozen bread in my freezer, so that would do nicely. I also recalled I had a half can of breadcrumbs–not sure how long they were sitting at the back of my pantry, and at one time I had thought about throwing them out, but now is not the time to think about wasting something that is still (probably) edible. Bought eggs at double the price from last year. Not organic, not free-range, nothing special but they still cost almost $4 a dozen. Signs throughout the store apologized for the absence or shortages of certain items. I am grateful for what I have but it galls me to spend so much for so little. Families who have to drive to work and feed their little ones–how do they survive??? God help us all.
They won’t be surviving…. Joe Biden and all the other Anti Trump Commies are gonna create the worlds Largest Famine. The real math behind inflation and the percentage increases people are paying out of pocket for food (since Biden Stole our WH) will Guarantee no affordable Food for hundreds of millions!
saw an article about grain shipments failing to get out of Ukraine
My son bought a small ranch in Hays County Texas. Right now I am staying there part time in a trailer while he builds a couple of ADUs. I travel between a rural town on the central coast of California and my son’s ranch. My husband and my daughter’s family intend to stay in California. I believe when the ADUs are complete they may have a change of heart.
Everyone needs to do whatever they can to grow their own food. Lots of good depression era gardening tips and recipes are on the internet. I am growing what my son calls my “garbage garden”. Instead of buying seeds or plants, I have been planting the root ends of my onions and sprouted pieces of potatoes with great success. Of course we also have a traditional garden, plus laying hens.
As for best by dates and expired food, use your eyes, nose and common sense to determine what is still good. Trade good and services when possible. We will get through this and be better for it. Hopefully when this ends, we will no longer see 350 pound people on electric scooters buying cookies with EBT cards.
nah – you’ll still see that
them EBT cards bees all bottomless an’ sheeeeeeit
gnomesayin’ ?
Last year I got a rooster and have let my hens sit on eggs, I now have a batch of chicks running around.
I took out a shovel and added more square footage to my primary garden, planted more food crops.
I added a few more small gardens around my house.
I buy wheat berries (seeds) that I grind up for bread. They can be germinated and so they can also be planted.
I have a few books on first aid, have taken a few classes on it and have put together a decent home first aid kit.
I bought 4 more solar panels and will be installing them to my backup auxiliary power supply.
A few years ago I started planting fruit and nut trees, they are not producing much yet.
Been buying canning lids when available.
I have bought a few books on foraging wild edibles and have been going on forage hikes trying to learn the plants in my area. Some of them are pretty good eating and most are super healthy.
I have started to cut fire wood for winter.
I’ve been buying oil, filters and air cleaners for my rigs. I have enough for a couple of oil changes.
I have a supply of 2 stroke oil and bar chain oil for my chain saws
My propane tanks are full as are a few gas cans
Hard times may be coming our way, being proactive and being constructive has it benefits. It’s best to be doing something now while supplies are still available and while I still have a job.
I can live pretty frugal for awhile with what I’ve put together so far.
I was gonna suggest tossing those old bread crumbs onto a flat pan and into a heated over to re-toast them
But I reckon you’d eat up more cost heating the oven than if you’d just bought fresh bread crumbs
Lived in a housemate situation for a number of years and was told once:
“Y’know – you can throw out food”
Mom raised me thrifty
I wasn’t depression-era, but she and Dad were
Washing and re-using aluminum foil, that sorta thing
Gas up $1 in last 2 weeks in TN. It’s out of control.
We are starting to downsize workforce through attrition. Economy is tanking quickly. Cost of energy is unsustainable.
Sundance, I’m not sure if you are aware of this, but, as of 12/31/2021 the R&D tax credit had a sunset clause on R&D expenses being taken in the year they occur. Meaning that the expenses that make up a companies R&D expenses have to be capitalized and amortized over 5 years if they are conducted in the USA, and 15 years if conducted over seas.
The other caveat to this is, even if a company does not take the R&D credit, they will be deemed to have some sort of R&D expenses based on their industry average. Meaning that EVERY company almost, will now have to capitalize standard expenses for operations. Which means companies could be paying taxes on enormous profits that they did not truly have. This will crush thousands of businesses. And finish off our economy. There is a bill before congress with bi partisan support and PwC believes this will be repealed, but based on this fake administration there is a good likelihood that it does not.
To illustrate how catastrophic this will be read here FTA:
“Imagine a company has $10 million in revenue and spends $100 million offshore on drug development.
Traditionally, the company would have a $90 million taxable loss. When the standing law goes into effect in 2022, however, the company could have $6.7 million of taxable profit instead.
This illustrates how capitalizing R&D will have a financial statement impact: What you’re deducting for R&D costs may not be deductible for tax purposes.”
I hope you keep your eye on this situation and keep everyone prepared.
See link here: https://www.mossadams.com/articles/2021/09/prepare-for-changes-to-r-d-tax-deductions#:~:text=Current%20law%20requires%20companies%20to,the%20year%20they%20were%20incurred
Having “expectations” about anything that FedGov announces is pointless.
The only expectations that matter are your own.
Take the reported figure, add a “1” at the front, and you should be pretty close to the actual inflation rate -i.e., 18.6%.
You will eat insects and be happy.
Now you know why they are televising the Jan 6th BS, to try to get people’s attention away from what is really going on in America. Curious to see what the viewership was for that shit show last night. At the rate we are going there won’t be a Country left by 2024.
They are trying to brainwash the people who are too stupid to realize the lies! It’s worse than Treason…. and they had to resort to this because their Social Media Botfarms (which they normally used to sway leftist nuts) have been revealed.
Sadly, there were millions who watched it. Millions.
We hate each other
Still have a few liberal friends
Haven’t had this conversation yet but it may come to it
“Y’know – at some level I’ve got to consider you a mortal enemy.
“Because you support and vote to enable Leftist actions and attitudes that will destroy my nation.
“Sorry, but that’s a fundamental truth … or is it an inconvenient truth? Can’t quite recall.”
If you want to see the impact of the charts in Sundance’s article go to the Market Performance Summary of the 11 x US Economic Sectors. The Fidelity website has a good link via their Markets & Sectors Tab or go to Market Watch.
All 8 of the major GDP Producing Sectors are down over 2%+.
The only sectors preforming at or near par are those driven by basic consumer subsistence needs:
Consumer Staples
Utilities (thanks to Consumer related services sub-sectors)
Healthcare (thanks to Consumer related sub-sectors)
Then there is this fascinating report that says the economy is still employing 800,000 FEWER workers than 2020.
Plus, the recently released report that Unemployment Claims are UP and rising. If all goes per past reports this number will be revised to show even worse numbers by 20-50% in 2-weeks.
The balance of trade number (export vs import) is still getting worse.
It’s 8.6% using the “new” measure of so-called “core inflation.”
Here’s what it is using the old pre-1980 measure. 17%!!! Highest since World War II.
Excellent thread.
The fake President put in by cheating and scandle continues to do insuffeable harm to America. The prop president continues to take his marching orders from the globalists as they continue to try to bring America to its knees. God please help us to wake up and fight these monsters.
I am not worried about inflation more than I’m scared of Democrats not worrying about inflation.
And the WH response is “darn that Putin”
they are misleading everyone hoping the economy will kneel us
Fuel oil prices are going to do a lot of people in this winter.
Dark Winter. They keep trying.
Whenever I go shopping, I complain to the manager and the cashier. I do it nicely, but I want to make sure corporate is aware of the pressure coming from their customers.
The
mainstreamcorporatistmediapropaganda machine long ago became a tool of the gov. They will “cover” inflation, but they won’t say “WHY”. It’s just a “deal with it and carpool to save money” BS line.Needless to day, if it weren’t for the early morning Tata’s on Univision or the High Speed Pursuits on KCAL, I don’t much watch the corporatist propaganda machine.
And Biden can’t understand why he’s polling so low.
So the guy who won the presidential election with an inflated vote count is leading the country to it’s worst inflation on record.
He’s consistent, you gotta give him that.
One thing is for certain though: this has nothing to do with J03 Bai D3n…
Speaking of food shortages, I recall a potato shortage prediction that hasn’t materialized in the local stores. Was the prediction premature? Or has some other factor intervened to keep us supplied with french fries? Not complaining, wanting to understand what’s happening so I can prepare.
There was a potato shortage about 6 months back, many potato products were not in stock for about a month.
I think they were sending the potato’s to Ukraine, because my friend over there sent me photos of pallet loads of potato’s at their food banks around the same time. Which would explain Joe Biden’s behavior as always. Sending them to Ukraine is more acceptable than giving our Baby formula to illegals though, especially since Mexico has plenty of formula.