The pretending from the federal reserve chairs continues. In this interview, Neel Kashkari, the head of the Federal Reserve Bank of Minneapolis, says “we keep getting surprised” by data on inflation, which continues to be “higher than we expect, across the broad range of the economy.” Yet, notice that Kashkari refuses to outline the single cause of the broad inflation is the intentional lack of energy production. [Transcript]
Kashkari continues the selling point that demand side inflation is being targeted because demand still exceeds supply. That’s essentially true, however, it is the supply of energy that is fundamentally disrupted by Joe Biden energy policy. It is not consumer demand for goods and services, it is the structural need for consumers to have consistent, affordable energy resources.
The collapse of energy production from domestic coal, oil and gas development is the problem. Everything else is ancillary to the origination problem. However, in order to support the climate agenda, the Federal Reserve must pretend not to know this. WATCH:
Kashkari notes a serious problem can arise when wage inflation starts to catch up with inflation overall. THAT just happened last month. The combination of wage inflation to match the high consumer inflation then drives an even higher cost for goods and services. This is the inflation storm that leads to hyper-inflation, structurally high inflation that cannot be controlled by any monetary measure, and unfortunately, we just entered the first outer bands of this inflation hurricane last month.
A personal sidenote: when we were going through the pandemic crisis and response in 2020/2021, CTH took heat for saying the real objective at the end of the pandemic path was the global climate change agenda. Well, here we are. At the end of this climate change path is full control over human activity using digital currency. Hunger games.
[Transcript] – JOHN DICKERSON: We turn now to the president of the Minneapolis Federal Reserve, Neel Kashkari. Good morning, Neel. Inflation–
PRESIDENT OF THE FEDERAL RESERVE BANK OF MINNEAPOLIS NEEL KASHKARI: –John, thanks for having me.
JOHN DICKERSON: Thank you for being here. Okay. Everybody wants to know inflation, still hot? What is it? What does it look like to you?
KASHKARI: It’s very concerning, you know, we keep getting inflation readings, new data that comes in, and as recently as this past week, and we keep getting surprised. It’s higher than we expect. And it’s not just a few categories. It’s spreading out more broadly, across the economy. And that’s why the Federal Reserve is acting with such urgency to get it under control and bring it back down.
JOHN DICKERSON: Wages within that, what does the wage picture look like in two different ways, we measure it, both just on its own, and then relative to inflation?
KASHKARI: For most Americans, their wages are going up, but they’re not going up as fast as inflation. So most Americans, real wages, real incomes are going down. That’s why families are finding it increasingly hard to make ends meet. When they go to the grocery store, when they buy necessities, they’re not able to buy as much because they’re getting a real wage cut, because inflation is growing so quickly. I mean, typically we think about wage driven inflation, where wages grow quickly. And then that leads to higher prices in a self fulfilling spiral. That is not yet happening. High prices and wages are now trying to catch up to those high prices. Those high prices are being driven by supply chains and the war in Ukraine, among other factors. And so we need to get the economy back into balance before this really does become a wage driven inflation story.
JOHN DICKERSON: Let me ask you about a figure that people may not know as much about, everybody knows about the consumer price index and inflation, the economic cost index came out this week. And some economists look at that as a signal for inflation. Tell me what you saw in the economic cost index this week.
KASHKARI: Well, we have a lot of different measures, for example of wages, of what’s happening to wages. And ECI, as I call it, is one measure that it’s a- it’s a robust measure of what’s happening to wages and what’s happening to benefits, and wages continue to climb. And on one level, that’s a good thing. We want Americans to be making more money. But if wages are climbing, such that the economy shows that it’s overheating, that tells me that the Federal Reserve has more work to do to bring inflation down to bring the economy into balance just at its basic level. Inflation is when demand is outstripping supply. We know supply is low because of supply chains, because of the war in Ukraine, because of COVID. We hoped that supply would come online more quickly, that hasn’t happened. So we have to get demand down into balance. Now, I hope we get some help on the supply side. But that doesn’t change the fact that the Federal Reserve has its job to do, and we are committed to doing it.
JOHN DICKERSON: We have 30 seconds left. Help on the supply side, what does that mean?
KASHKARI: Well, I talked to a lot of global businesses who are trying to get their supply chain sorted out so that they can meet their customers’ needs and make sure that there are products on the shelves. They’re making some progress. There’s some signs, it’s getting better, but it’s taking a lot longer than they thought and that I thought and so that means we cannot wait till supply fully heals. We have to do our part with monetary policy.
JOHN DICKERSON: We’re gonna take a commercial, we’ll be back to continue this conversation with Neel Kashkari. Stick with us.
JOHN DICKERSON: Welcome back to Face The Nation. We continue our conversation with Minneapolis Federal Reserve’s Neel Kashkari. Neel, let’s pick up where you left off on this question of supply. When I was talking with two senators earlier there was this debate about whether taxation on companies that don’t pay a minimum level of taxation will have their supply hurt. So in other words, you tax- tax them supply goes down, that hurts with inflation. What’s your assessment of that?
KASHKARI: You know, long over the long term, that’s probably true. On the margin, people say that about raising interest rates, why raise interest rates, that’s going to make it more expensive for firms to invest. And that’s going to not help with the supply side. That’s true over the long-term. But over the short-term, the demand side effects totally swamped the supply side effects. And so when I look at a bill that’s being considered that your two senators talked about, my guess is over the next couple of years, it’s not going to have much of an impact on inflation. It’s not going to affect how I analyze inflation. Over the next few years, I think long term, it may have some effect. But over the near term, we have an acute mismatch between demand and supply. And it’s really up to the Federal Reserve to be able to bring that demand down, and we’re committed to doing what we need to do.
JOHN DICKERSON: Neel, help me understand recessions. There is a debate in Washington that’s full of political gamesmanship. So take us inside why it matters if America is in a recession, and what the component parts are, that are a part of that and how that helps us understand the health of the economy.
KASHKARI: Well, it really matters when Americans feel it, when Americans are, especially in the job market. That’s the most important part of the economy, so to speak, for Americans is their job. Do they have a decent place to work and earning decent wages? And typically, recessions are, they demonstrate why job loss is high unemployment, those are terrible for American families. And we’re not seeing anything like that. The labor market so far, is very strong, we are seeing some sectors like the tech sector start to shed workers or start to cool down in hiring. But fundamentally, the labor market appears to be very strong. While GDP, that the amount the economy is producing, appears to be shrinking. So we’re getting mixed signals out of the economy. From my perspective, in terms of getting inflation in check, whether we are technically in a recession or not, doesn’t change my analysis. I’m focused on the inflation data. I’m focused on the wage data. And so far, inflation continues to surprise us to the upside, wages continue to grow. So far, the labor market is very, very strong. And that means whether we are technically in a recession or not, doesn’t change the fact that the Federal Reserve has its own work to do. And we are committed to doing it.
JOHN DICKERSON: Last 20 seconds, Neel, on GDP when it goes down, isn’t that kind of what the Feds trying to do? Slow down growth? So is that a good number?
KASHKARI: Well, we definitely want to see some slowing. We don’t want to see the economy overheating. We would love it if we can transition to a sustainable economy without tipping the economy into recession. There’s not a great record of doing that. Typically when the economy slows down, it slows down by quite a bit, especially if it’s the central bank that is inducing the slowdown. So we’re going to do everything we can to try to avoid a recession. But we are committed to bringing inflation down and we’re going to do what we need to do. And we’re a long way away from achieving an economy that is back at 2% inflation and that’s where we need to get to.
JOHN DICKERSON: All right, Neel Kashkari. Thanks so much for being with us. And we’ll be back in a moment. (read more)
Wages were already below where they should be, the inflation has only compounded this. Real wages are down.
Oh, it’s all good though , you will soon not be ” allowed ” to pay in cash.
Zerohedge – Israel war on cash about to get more drastic.
Paying in cash above a set amount is the start. Soon they want it a crime to simply possess ” too much cash .”
No Food for you , No Energy for you , No Cash for you – Brave New World is here.
I could tell you this from my family’s personal experiences in making ends meet for as long as I can remember. My family was never wealthy to begin with being part of the working class from Central Maine.
Inflation is a cycle. And, we are just finishing year 1.
It will last a minimum of 5 years. No quick fixes.
A measure of inflation has always been a part of how the economy has worked for more than a century with the Fed.
The difference now is the intentional compounding of inflation by policy.
Why does it have to be a cycle?
It takes a long time for the economy to digest any shock. It is not quick process.
What we have seen so far is an energy shock combined with a currency shock. This year was inflation of things. Next year it will be services.
And, although groceries have gone up, that was due to processing and transport costs. We still have not seen the impact of the farm goods themselves.
And, following inflation of things we still need to see the inflation of Services before the cycle is over.
Much pain until then, and what’s left of the middle class will pay for it; as usual.
No way inflation lasts 5 years, by the fall of 2023 will see a dramatic up turn in the economy.
Cycles can get sped up nowadays.
You forgot water which will also be controlled through digital meters. Tamper with them and it’s terrorism/insurrection.
Remember the “Water of the United States” EPA rule, from 2015, deleting the word “navigable” from the rule…Meaning your private well, drainage ditch, natural spring, ON YOUR PRIVATE LAND, can be controlled by the feds.
P. Trump canceled the rule, but it’s just waiting to come back.
Another example of how the covid hoax is being used as excuse because handling money spreads covid.
Experienced it yesterday while taking my daughter to a carnival. They dont even tell you cash is not accepted until you get there.
So I tell the useful idiot at the door they went full retard and left.
Covid is / was not a hoax. Please come up with something else.
I’m going with mass psychosis , it was and is a hoax. A fear mongering hoax. But you believe what you want and so will I. Oh and how about those tests that can’t determine if it’s the flu or the fear monger flu, cdc admitted that.🤷♀️🤷♀️🤷♀️
The virus was real, engineered by humans. The rest was a hoax; a psyop. The vaccines are real. Engineered by humans. Opinion varies; I call them tertiary bioweapons.
I don’t fear the virus or the psyop. Never did. My destiny is to die of lead poisoning. I’ve seen it. We all go to God.
Bravo Sierra
I see it as a way for governments around the world to crash their economies and increase their control over their people, as preparation for the coming new world order.
That the “vaccine” is taking a deadly toll on people is a side benefit, in the eyes of the demonic elites.
We’re getting infiltrated.
by trolls.
He meant that saying that MONEY PASSING COVID was a hoax, not COVID itself.
As the old saying goes, “Never underestimate the power of stupid people in large numbers”
What the “Novel corona virus C-19” showed us is just how easy it is to get large numbers of people to fall prey to mass psychosis over a cold virus with an overall survival rate of 99.87%
In fact, if you don’t have at least one co-morbidity(the average is three) your survival rate may as well be 100%.
And yet, look what they have been able to get people to get in line and do.
That is the scary part.
WON’T Happen in Mexico for many years! To many Mata and other ingenious people living off the grid. They will not tolerate the nwo scum.
Makes sense, the illegals coming from Mexico are exempt from covid restrictions too.
Communist Democrats make that happen!
They are way behind.
Frnce put a limit of 1,000 euros couple of years ago, Belgium 3,000, Spain 1,000, Greece 500, Italy 1,000, Portugal 3000, australia was going to be 10,000, but it got canned at the final hurdle, but its coming back soon.
.
This has been happening under everyone’s noses for a while.
Thank you for that info.
I wish some elder Jews would tell the current Israeli government about the Nazis and what they did to the financial assets of the German and Polish Jews.
All Americans don’t have a checking account or bank cards. I live in rural Alabama. Money orders are still used to pay bills all the time. Cashless society will hurt us and the church.
Children collecting change and allowance teaches them finance. This is a horrible idea. These criminals have no clue how much this will destroy lives. Just like the Covid and gas. I pray they fail.
I must disagree.
These criminals know EXACTLY how much this will destroy lives.
It is intentional.
Never ascribe to ignorance or stupidity what is more accurately attributed to evil.
They hate us and want us dead.
So keep praying.
I have read the end of the Book, and God wins!
But Satan is going to put up a heck of a fight.
It’s gonna be a bumpy ride!
Alternative economy; embrace it. It does require some lifestyle changes and perhaps a bit of suffering, an anathema to Americans.
One focus by patriots should remain on the intentional destruction of our free market economy. Humans did that, on purpose. Never forget. Opportunities will occur. Make their appointment with God.
The transitory inflation debate hinges on whether inflationary expectations get ignited, in which case, it’s buh-bye transitory, hullo embedded inflation.
But that’s only the price inflation debate. Imo the inverted yield curve in the eurodollar market is flashing structural deflation, or is it deflation-born-of-precipitous-demand-destruction?
If mortality keeps increasing at a 40% or more clip, there will be fewer people chasing goods. Death is good for deflation.
Hmmmm ….. that sounds like part of TPTB’s plan.
So, your saying we can expect more estate sales?
Sadly, it’s looking that way, isn’t it?
If we continue to allow the Demshoviks to control the terms of engagement, we will lose.
I am beginning to think I need to go stand on the busiest overpass in town with a sandwich board that says, I will not comply.
We are being collectively eaten one bite at a time.
I am but one person, the time to rise up is now.
The Dutch Farmers are being ‘ un-governable ‘ ….. all media is pretending not to see it.
TheCounterSignal . com
@TheRealKeean
The first rule for fighting deadly authoritarianism.
TPTB have ignored us too, stealing an election!!!
Make a note. Where do these people who will arrest you live. Where are the council members residing. You may peed to interact with these folks directly. The time is approaching quickly. I’m sorry to have to convey these messages but I’ve lived 75 years and watched as the country I love has collapsed. Treehouse has been my main source of information since the days of Travon Martin. Look at how far we’ve traveled this road to serfdom. Do you believe things will just change? Will we regain our freedom by continuing the same behavior. I remain optimistic that we will prevail. Freedom loving people will eventually push back. When we do we will be met with force. You and I will be required to do things we never dreamed. I pray this never comes but I live here. In the real world.
I love your country, too, Patrick. My heart breaks for what has happened to it, my home for 20 years.
We elderly make great targets. To the regime’s soldiers we’re easy prey. Use it. Remember overwatch. Every dead soldier is a victory no matter what uniform of the regime they wear.
Remember what we contributed to build this great Republic. It was a lot more than just a life. It had value. So do we. Even in death we will have value. Never forget. God bless and be with you in good health.
Never doubted you Sundance for a minute! Don’t know who was foolish enough to do that. I still think they put the dumb ones out front to do the speaking- the truly evil ones coming up with everything lurk in the shadows. We need MAGA to shine a bright light on those actors. I can’t bear to even watch these shows now- it’s pure gaslighting. Too painful to hear those lies.
I still can’t decide which I believe, and which is scarier?
That there is some cabal that knows exactly what they are doing, and has this all planned,….or that there ISN’T!
It’s *gotta* be planned.
They have taken one step after another for Two. Years. now that have led us continually in the same, drastic direction.
And they’ve done *Nothing* to correct any of the previous mistakes.
All they’ve done is send the Appropriate Propaganda Spokesman (whoever it may be, from Buteggieg to Krugman, etc.) out on the Sunday shows to lie to their audience and say “Don’t believe what you’re seeing, believe what we SAY you’re seeing”.
No way this is an accident.
Oh yeah. They even started a “war” in Ukraine in an attempt to cover up the actions that have led us to where we are.
The “smart” ones who control our government will always stay in the shadows. The dumb ones like FJB and Kamala are disposable to them. PDJT started shining that light on them, and Sundance is doing the same. We, those who understand what is going on, have to be the light the extends this uncovering of the evil and corruption that is DC and its minions (e.g., the MSM). The federalism solution SD talks about is what we have to do. We have to use the states to turn the boat around. The Senate will be the hardest nut to crack, as it is the most corrupt and the hardest remove the entrenched players. The SSCI is the biggest example. Corny – oops Fraudulin slip, Rubio, Graham all must be removed and replaced with true patriots that will either fix the IC or end it as it exists today.
Cash-n-Carry, Is a fine Rinocrat. Wondering what he learned at Wharton? I did not know they had courses in Keynesian economics.
Much to my everlasting shock, it is Israel which is working hardest to move to a cashless society and a digital currency. Their rules are in place already, now also with a proposal by their finance ministry to make it a criminal offence for anyone to be in possession of more than $14,700 (shekel equivalent). The amount will no doubt be lowered in the future.
Criminal!
First the inexplicable order that their citizens serve as guinea pigs for the beastly
German BioNtech jabs, now this…hurrying the WEF plan right along.
Of all the countries I’d least expect to submit to a totalitarian, existential existence, Israel is it. Have they forgotten everything?? It seems so.
I am absolutely gobsmacked.
what makes you think a fake nation, created by cabal banksters/nobility, is not totaliatarian, or not more totalitarian than others? they have also been involved in dictating our domestic and foreign policy for 75 years. they have run the epstein ops and others like them. research the samson option and 271,301. you have been believing in cartoons.
Too bad they didn’t put you in one of those boxcar. Maybe you’d feel differently.
You will really be gobsmacked when America is nothing you recognize as it is quickly becoming.
Fifteen years ago when I moved back from two decades living across the pond, I immediately saw that the country I returned to was not the country I left.
I didn’t recognize it then. I’ve just watched it disintegrate faster and further since.
So, in truth, I probably have a fifteen year head start on most in America in realizing that this country has been transformed out of all recognition.
We’ve moved closer and closer to the edge. All it will take to finish us is one more shove. I’m thinking that may come with another round of corrupt elections in November, obviously in the works now.
When Brandon succumbs to covid and once we’ve completed our two weeks’ required public mourn-fest, mail-in balloting will be mandated because, well, we all saw how dangerous it was for Robinette to come into personal contact with other humans. Never let a crisis go to waste, even if the crisis has to be manufactured.
This is precisely why I’m glad to start hearing less and less about the putative “red wave” coming in November, Yinzer.
I’ve got an ominous feeling it will not be so.
Betsy, like you, an American, I lived across the pond (UK and amongst ex-pats in Spain) for 20 years. Whilst abroad I realised how utterly spoiled we Yanks were and how I failed to appreciate how blessed Americans were to have been born here. But, when I returned two years before you I felt like a foreigner in my own country. May God have mercy on our younger generation. Please open their eyes and their hearts to thee Heavenly Father that they might see.
Piper, thank you.
I’ve addressed this so many times, as well as the concept of the Ugly American, which I regret to say is all too accurate.
Somerset Maugham said once that some feel as if they were born in the wrong country. And that if they were lucky they would come to live elsewhere, where they instantly felt at home, as if that place is where they were meant to be. I am paraphrasing, as he stated it more eloquently.
In my case, I found this to be possibly the truest thing I ever read as it pertained to my circumstances. Remarkably so.
But as nothing remains the same, choices are forced upon us, even when the circumstances changing might not be ours but those of others.
What I encountered when I arrived back here made me question if I had disembarked by mistake elsewhere. It was in small things at first, such as having to show my driver’s license and sign paperwork in order to purchase over the counter cold medicine.
But then it became more disturbing. There seemed to be less friendliness, less civility, more out and out rudeness. The whole character of this country seemed changed.
So while I’ve adapted, I still feel like a stranger in a strange land. The one I left, unfortunately, has changed now as well, and from this side of the pond I can only watch in disbelief.
It’s a tragedy, but in the tired banal phrase it is what it is, and I can only look back and be grateful that I had the chance to experience the time I had, the family I acquired, and the bless-ed friends I made and still have. That was an unexpected gift, and I am so appreciative of it.
I am too Betsy. But, I remember that Satan attacks where he is most jealous and he is jealous of the people God calls His own.
There is no doubt in my mind, BFAW, that there is something supernatural going on in this world that in no way can be described as human. Evil does exist. And I firmly believe it has cast off its cloak of invisibility.
Whether or not it has wiped clean the memories of what happened to them not so long ago historically, and has cast a collective spell of amnesia over Israel? I have no idea. I’ve got no explanation for what has been going on there since the bioweapon was released and its concomitant “vaxxxx” was introduced.
But I do know that God has withdrawn His favour from that country before.
Just colour me perplexed and horrified.
But He will never forget or abandon His people.
As our pastor reminds us, Satan doesn’t kick a dead horse.
Israel was established by God, true.
But it is governed by men, just as fallen as men in all the other nations.
Remember, Israel will welcome a false Messiah before the people accept the true Messiah and say blessed is He Who comes in the Name of the Lord.
Gonna be a rocky road to get there, but God will not forget His people.
I’d say they’ve made that choice as we watch in real time.
Two countries that gobsmacked me are Israel, as you outlined, and Australia.
Particularly the Israelis. Never in my life. Not with all they’ve been through over time.
Yes…and New Zealand and to some degree Canada. I agree. Evil is no respecter of borders.
Israelis are very secular and very liberal for the most part. The Bible documents their endless failures.
The Federal Government is of the spices Vampyroteuthis Infernalis, lit. “Vampire Squid from Hell”, sending its tentacles out to any and everything that looks or sounds like freedom or prosperity or any kind of sanity and strangling it to death.
If it wasn’t for BS, the illegitimate administration would have nothing to say.
When does the real questions start to get asked? What are you doing about it? Why have you let it progress this far? When do the Dominion machines get fixed? Why do people get tested for the rona with no symptoms? This all adds up to a yuge crock of BS! All we have now are water carriers for the Left! Journalism is no longer applicable!
It’s almost eerie how on the days when the “experts” are all surprised by the bad news the stock markets go up.
LOL. Exactly. It’s all a big evil coup.
They’re not surprised. They are complicit. And benefiting.
That’s why “experts” earn the big bucks.
“Well, here we are. At the end of this climate change path is full control over human activity using digital currency. Hunger games.”
Don’t kid yourself. It’s even worse than that. Everything is digital. You won’t be just debanked. You will be de-existed, George Baileyed, erased. No driver’s license, no passport, no home address, no social identty, no cell phone number, no birth certificate. The caption on the bank screen should read “there is no such person”
Think they can’t do it? Think they WON’T do it? Sure they will. But their own hubris will be their undoing. They will use their Icarus power recklessly, like debanking all those Canadian truckers and their supporters.
When they de-exist people, they will inadvertently create an army of invisible ninjas bent on revenge, along with their families who will help them. What’s the line from the song? “When you got nothing, you got nothing to lose.”
Go ahead. Keep going down this total control path. See what happens.
You mean I’ll be UNDOCUMENTED? That doesn’t sound all that bad. I don’t want to be part of their system, anyway.
So what’ll you use for currency? Other than brass and lead, that is.
Do NOT accept the Mark of the Beast.
That is where all this is leading.
Trust in God and be faithful to Him.
If you are called to be a martyr, then be a martyr.
Better to be burned at a stake in this life than to burn in Hell eternally.
Being set up to live off the land helps. Right now I barter my services and raw materials as currency, since I spent decades owning a business that built things for America. Being the village blacksmith helps. Currency is mutually agreed value. We’re all armed so everyone is polite and crime is low.
Where I live it’s long been a subsistence economy after the Fed decimated the logging and paper industries. We’re used to it. People adapt. I’ve got fiat currency that’s been laying around for months if not years. Don’t really use it. I do have a couple old bank accounts, a few bucks left in them for posterity. I cleaned out the financial industry stuff years ago after the last crash when I saw the writing on the wall.
Most Americans won’t live like that. They like their comfort and convenience. Free country, for now anyway.
Exactly. The goal of every criminal is to have a fake i.d., in order to be able to disappear.
They DON’T want to disappear people, they want to be able to THREATEN to disappear them, in order to gain compliance.
Max Headroom’s Edison Carter experienced exactly that, in a TV show episode written maybe thirty years ago. His “credit tube” was locked and with it, his funds and his identity. He became a “blank” in the parlance they used.
“Twenty minutes into the future” ….
Stay tuned: “I’m not so sure.” Winter is coming to the northern hemisphere. Russia is demonstrating what lies ahead with the simple turn of a valve. I think that “this whole ‘climate’ thing” is about to fly asunder … and, take with it the entire fabrication that “The West” is omnipotent and must be obeyed.
Not only does the basic need for self-preservation kick in, but we also hear Tonto’s reply to the Lone Ranger: “whaddaya mean ‘we,’ paleface?”
Fully two-thirds of this planetary population ISN’T “The West.” Ditto its physical natural resources. All of them can very plainly see that “The West” is now committing suicide while beckoning for the rest of them to follow.
You insist that you are richer and therefore more powerful than anyone else. But, when you want a few trillion more in your pocket, you do nothing more than print it: you don’t actually DO anything. So, “that’s Rumpelstiltskin’s ‘gold.’” And nothing more. We see that.
Well, “very sorry, Mr. Soros,” but that is NOT how all of this is going to come down. “Alternatives to Your Way can be built, and they are and they will be. You might be tremendously surprised to learn, also, that you can’t stop it.
When these politician say “demand exceeds supply” – are they planting the seeds for the next phase of their eugenicist narrative that people are simply too greedy, demanding to have things that ruin the climate, thus ruin the earth, as part of their way to justify their upcoming global starvation storyline?
After all, without FBJ and his cohorts in the agencies shutting down production, whether oil, gas or farming, along with the European nations cutting off fertilizer so their farms become less productive, if they had simply left things alone with what PDJT had put in place – there would be no shortage of materials.
That is not what they the globalist’s want, they want you under their full and total control. They will decide whether you eat , have money or not.
I hate to say it, but China and Russia seem to have a better combination of leaders/systems than we do, right now.
That would have been crazy talk just a few, short years ago. But now…I agree with you.
Hate to say it, but they at least realize that hard assets have value and there are only two sexes. They may be evil, but at least they live in reality.
Only because stealing an election in the middle of the night might cause horrific and ruthless responses…..instantly.
If you like brutal communism yeah you are right.
Russia yes, China no.
I don’t agree about China, but Russia’s government seems to be more on the side of its own people than our current administration is on ours.
While inflation is crippling everyone, making all run faster and faster on the treadmill, too busy just trying to survive to actually see what is happening, the Congress is about to pass the ” Climate Change Bill ” , the Uni-Party contribution to U.N. Agenda 2030.
” Pay attention to the Dutch Farmer protests , America is next ” — The Federalist . com
In short, SparrowHawk, the US Congress is going to, again and again, do the only thing it knows how to do: print multiple trillions if not quadrillions of “US Currency Units” and dump them into circulation. It’s “Rumpelstiltskin all over again,” yet they’re certain that it will never stop. That it can’t, because they own the casino.
“Gross mismanagement” of this scale will hit very, very hard as the rest of the world builds equally effective alternatives… and thereby calls their bluff. Painful though this promises to be, we can’t keep going the way we are. We call it, “the Almighty Dollar,” but we are making it functionally worthless and unacceptable. A currency can’t survive like this. The rest of the people on this planet WILL stop the abuse.
I think really , the plan boils down to this :
When a loaf of bread costs $3200 ‘dollars’ , but it is illegal to make any cash purchase over say $1700 , like Israel after Aug.1st , you are , all society is propelled / compelled into their utopia ‘ cashless system’.
Torches and pitchforks, or their modern equivalents are the order when it is illegal to carry enough cash to buy daily necessities. What else would you have to lose at that point? That or looking forward to survival as a slave in their system.
That is when you trade a chicken for a loaf of bread or some such barter system.
I hear whiskey and cigarettes are always tradeable.
Yes, some of us are already doing that. Lately I’ve been trading bricks for diesel, ten bricks per gallon. Got a neighbor’s electric heater going for five dozen eggs from her chickens.
I’m more of a vodka guy but yeah in general, alcohol can be a versatile and useful item if one doesn’t have an addictive personality. My neighbor barters MJ with folks and does pretty good. I’m not into tobacco or MJ but see the value there.
A currency collapse on that level launched Adolf Hitler’s career.
Let them try and take land in the USA and all bets are off on violence.
Think China has already purchased a fair amount of US land.
So has Globalist Bill Gates.
We saw a bit of that when patriots throughout the west converged on Bundy’s fight with the Fed over grazing rights. Plenty of Feds were in the reticle of rifle scopes that day. They’re not Gods. They made their choices of allegiance. I respect them. Worthy adversaries in the coming war.
They won’t need to physically take it to lose it to them. Too much work.
Beeg shout-out to Joe and The Turtle if it passes both houses. Oh, and Kevin McCarthy, too.
I started listening to James Howard Kuntsler’s book “Living in the Long Emergency”. Such an optimist, that guy. /s
If you haven’t read it, Part 1 discusses where we are with energy and the problems with alternatives. I believe I can sum the section up by saying it’s the end of the world as we know it given that we won’t have the energy sources to continue as we are and it’s going to be a lot more expensive to produce than it is now.
I’m currently in Part 2 listening to the stories of people as they try to adapt and live differently. I am planning to buy a hard copy because I’m going to want this for reference. He’s saying the things politicians don’t and we need to listen.
Good job. Excellent material for trying to understand what our reality could become if we don’t stop the little global terrorists from implementing their wicked plans.
If you keep “getting surprised” then let me congratulate you on your selection as mucking foron of the year!
Neel Kashkar is a Hindu married to Christine Ong.
Where all the White Christian Americans at?
https://twitter.com/neelkashkari/status/475718070908882944/photo/1
Obsolete. Cancelled. Past their best-by dates.
Not to worry.
Inflation will only be transitory.
The “Transitory Period” will be a decade.
Transitory Period
That is like jumping off of a high rise and splatting on the street below.
From the time you jump until you hit bottom is the transitory period.
The transitory period is not so much of a problem. Getting to the end of it is a different situation.
These people must not realize that we are experiencing the economy so we look at these people as either out and out liars, completely out of touch and unaware of actual facts, elites who neve go to the store or pump gas or bay their own bills, or that they are just plain stupid.
I would say that they know exactly what they are doing. They get to benefit from the inflation more or less immediately before the effects ripple throughout the economy.
Reminds of some of what I read on the Cantillion Effect.
https://www.adamsmith.org/blog/the-cantillion-effect
Worse, is that this is intentional in order to deprive the common man of his hard earned wealth and to alter behaviors toward a particular end.
” Silent Weapons For Quiet Wars ” – social engineering declaration of war on the common man.
Covid-19 Vaxx anyone? Sure to be one around soon for that Monkey Pox too…
Yes, intentional = The Great Reset
But we choose The Good Reset
@WallStreetSilv
·
Protests have erupted in Bangladesh over power cuts and rising fuel & electricity costs… police killed one protester and injured 40… the harsh police response has triggered further protests…
I do not understand why people accept the authority of these non-elected, nongovernmental organizations which include the Federal (nothing federal about them) Reserve, the WHO (owned by Bill Gates) and the WEF (the hobby of Klaus Schwab who comes from a Nazi/ Prussian family with connections.)
Which people do you refer to?
Surprise rate hikes soon.
Geeze! Thanks for telling me, I didn’t notice!
‘We keep getting surprised..’
Sure they do….
…only if they all have personal shoppers and never look at the bill.
Why do they care. You are the one paying for them.
With their printing presses humming away I’m not sure we’re really paying them any more. The debt is, increasingly, paying their wages. However we could test that by ceasing to work and ending all tax payments. See what happens.
So now we have had our daily dose of everything is awful and it’s only going to get exponentially worse, until we’re all dead or starving.
What should We the People do?
What’s the answer?
Prepare as best you can and pray for the best.
You don’t need to out run the bear just all the unprepared.
Security remains my highest concern because everything else just takes awarness and planning.
Security yes. You could have everything you would need for years but desperate people will try to take it.
Amen, thus why night watchmen were invented.
The ground level of civilization.
Every man does his time.
This the basic foundation of the next cycle.
You hit upon the most difficult aspect that peaceful, God-fearing, loving humans will have to deal with. Killing other humans. We’re simply not trained for that psychologically. Some of us who’ve killed during wars have better skills but still it’s hard.
Pray about it. My dad carried a rosary in his gear during the war. IDK how he did it. Never shared. Sad that it’s come to this.
Focus on not starving and dying.
First of all, get right with God.
Pray.
Ask God for His leading. He is not a god of confusion. He will guide you in His perfect will, if you let Him.
Take care of those entrusted to you, like your family.
Be as kind to your fellow man as you can.
Remember the golden rule.
Buckle up and hold on tight, because it’s going to be one bumpy ride, but never forget:
GOD WINS!
And the only way the can force acceptance of digital currency, is by destroying fiat currency, so that there is no choice for ‘consumers’ just as destroying current food supply will force us to eat bugs, and destroying energy will force us to accept windmills and panels, and give up having personal transport, other than shanks mare.
AMMUNITION, as an alternative currency. A little bulky, for buying a house, but for smaller ticket items, BETTER than fiat currency.
Impractical to counterfeit
A lot already “in circulation”.
Comes in denominations, and can be broken down into very small units
HAS intrinsic value, unlike fiat currency.
Maybe thats another reason they want to eliminate guns,..because AMMO is such an obvious alternative currency, to do what currency ALWAYS does, which is fill in the hole, inherent in bartering?
So how does a digital currency work with no power?
Instructive story, my wife was in the checkout line at our local grocery store, a few years back.
The power went out due to an ice storm, but they had back up generators to protect the frozen and cooled products.
Anyway, even though my wife had cash, they couldn’t process the sale because the computers were down as a result. It’s not about payment but just in time inventory control.
My wife remarked at the sense of entitlement of most in the line. The employees were trying there best but it wasn’t working.
So she put everything back and came home empty handed. Some just left their carts. Such self entitled A holes.
When she came home without food, I said now do you understand what I fear and thus what I’m doing?
If there is one benefit from what is coming, people won’t take for granted the lifestyle an economic system using inexpensive energy is capable of vs one that has limited and expensive energy.
Yes, that’s what I’ve wondered about too–what happens to all the crypto currencies (e.g. Bitcoin) if there’s a problem with the power grid?
You know of course, that they plan on there being a problem with the grid.
Especially in areas where there is resistance to their program.
It didn’t matter, even paper currency didn’t work.
Yes, with everyone slaves to computerization, it’s tough.
Our local mom and pop dealt with it during an ice storm that left the power out for days. They drug out the old price stampers and had stockers stamp prices on the items and put the nine keys out and dealt with it. Cash was common so buyers had plenty of small change and denominations to make exact change.
Sure it took a lot longer but in rural areas life moves at a slower pace anyway. People cooperated and found a way. IDK what they did about inventory but can guess they took the prior numbers and did a night count of everything once the power came back on to reset the systems and update their accounting.
At least they given up claiming that inflation is transitory. The new lie is “We would love it if we can transition to a sustainable economy without tipping the economy into recession.” Fat chance of that when we’re already in a recession.
#StopLyingToUs
Unfortunately, for this gentleman’s hopes regarding the supply chain, China’s factory output took a big tumble in July and their banking system is in a mess with Evergrande. The CCP just voted to continue massive lockdowns. We are about to see layoffs in many sectors here beginning in September if not sooner. The tech sector was only the beginning.
There is a part of me that wishes the Rev. Jim Jones was still active down there in the tropics. I could get his recipe for “kool aide” and see if it compares to what the democrats are offering.
When the sewers overflow, democrats say “the tide is rising for everyone and that’s a good thing!” What is the difference if you replace sewer with inflation?
Here, have a cool refreshing drink, prepared by those who love you, truly love you…it will taste familiar, as it is supposed to! Bye bye…sweet dreams my darlings!
Here’s proof we’re in a recession! Krugman always wrong but never in doubt! Typical leftist expert! 🤣
Krugman weighs about 106, and his head is 20 pounds of it.
A media failing? What exactly is that?
The media isn’t convincing enough people that things are good?
SMH
I can say this: My best financial years of my life were when PDJT was in office.
4 years of prosperity.
My business boomed, and that after a major relocation and re-engineering.
I bought a home @2.95% mortgage.
My home increased in value by roughly 35% in those 4 years.
NOW, I’m scraping to pay my mortgage, and looking for a second job.
CTH nails it…At the end of this climate change path is full control over human activity using digital currency. Nobody buys or sells without the mark of the beast.
If you want to see how it plays out in more detail, read Revelation.
Grocery stores in NYC are locking up SPAM, and other similar products.
https://www.breitbart.com/crime/2022/07/31/photo-spam-locked-due-inflation-crime-nyc-gone-too-far/
Sundance, no offense, but I sincerely hope and pray that your endgame prediction is wrong.
Oh what a terrible mystery. The deep state can’t stand people like you Sundance who know the truth without having to prove it; who know them through and through no matter what smoke screens they try to fog the mind with.
Highly recommend this guy’s channel. John Titus works with Catherine Austin Fitts and understands the central bankers and the coup:
(Kashkari played a key role in the TARP looting operation)
“Presenting America’s Real Coup d’Etat” bats leadoff in this about-10-part series, “Murder of a Rebel Nation” (MORN), which will document the actual, done-deal takeover of the U.S. by corporate criminals over a decade ago. While the moving parts and pieces needed to effect that coup have been shifting into place for a very long time, the fulcrum event that irreversibly flipped the U.S. over the wrong side of the prison wall into the land mass of full-blown criminality was the TARP bailout in October 2008, as we shall see in future episodes. One month after that watershed event, Barack Obama was elected as the 44th President of the United States—a purely titular office by the time he took up residence in the White House three months later.
In this introductory episode, we consider why Obama would get on national TV and tell lies about why he and his administration had not prosecuted and would not ever prosecute any major Wall Street banks or executives despite the uncontested fact—established repeatedly by his own top law enforcers—that serious crime was quite common if not endemic throughout Wall Street in the run-up to the global financial crisis. The answer, as we suggest in this episode and will establish beyond all doubt in coming episodes, is that Wall Street effected a coup d’etat in 2008, coinciding with the passage of the Troubled Asset Relief Program (TARP) bailout just one month before Barack Obama was elected. For Wall Street, the fruit of its coup—indeed the fruit of any successful coup—is criminal immunity, possession of which by Wall Street was amply demonstrated throughout Obama’s first term.
In later episodes, once we’ve proved that a coup took place—which by definition means that the rule of law is dead in the U.S.—we examine the post-coup power structure in the U.S. and identify the single criminal enterprise that rules over the rest. The result will surprise no one who’s viewed this channel with any regularity.
Presenting America’s Real Coup d’Etat [MORN_01]
These are the people that lead our country. When will we declare enough and mean it. Stop being one of the ‘controlled opposition’. Be the opposition or shut your mouth.
Was just at Aldis. A coffee I’ve bought for years at 4 or 5 bucks is now $8.69.
A couple was looking aghast at the same coffee.
I said “Wow. I can’t *believe* how expensive that coffee is!”
The husband turned around and said “I know! I know!” Then told me about a tire he had just had just looked at that had nearly tripled in price.
I said “They are intentionally destroying this country”. He said “I KNOW!”
The good news, is I stocked up on coffee before the price went thru the roof.
The bad news is, I’ve gotta buy a tire at some point.
My wife did as well. I didn’t know why at the time, but now I do.
Energy is an embedded cost in almost every product in the country and they are surprised how broad the inflation is?
These people are so full of BS.
While it is not exactly publicly admitted, the Fed’s real task for decades has been crushing wage inflation. When wages rise strictly in response to rapid inflation, you end up in very short order with hyperinflation because you have more and more dollars chasing a static or declining pool of goods and services.
And from the Fed’s point of view, as an added bonus keeping inflationary costs ahead of wages in any given cycle nicely serves to remind the working class that they are nothing more than peons. In this respect, nothing has changed in the history of western civilization since the bad old days of the Roman Republic.
Let me keep hammering this point home. The end goal is feudalism, by reversing the American, French and Industrial revolutions. The tens of millions here and in Europe illegally and as refugees, coming from feudal regimes, are meant to replace us because they are more amenable to bowing and scraping before a padron, and pose far less of a threat to our global overlords.
This fossil fuel war that Biden started better end quickly.
Americans are going to freeze in their homes this Winter waiting for windmills to unfreeze and snow to melt from solar panels.
Anyone here with dogs notice Milk Bones have gone from $10 to $17.85?
My overall monthly Dog food bill has risen $30.
$360 a year increase! I will start cutting back now with home canned green beans mixed into less food.
Inflation is spreading by design. It’s all part of the DNCCP plan to collapse America and build bigger butttplugs …
What a mush-mouth. Just answer the damn questions. And still blaming it all on Putin.
I went to Newport Oregon South Shore Marina on Friday and stayed the night at a dirt motel (camp ground) on Friday and Saturday night. The camp ground should have been packed but it was half empty. The boat launch parking lot had lots of open parking spaces. It also should have been packed full. The inland weather was hot and in the past the inland people would be flocking to the coast to get some reprieve from the heat.
The offshore weather forecast was decent for boaters/fishermen. Halibut, salmon, tuna, crabbing and rock fish was open. The marina and boat ramp should have been crazy and packed, it wasn’t.
I fished from out of my boat on Friday and Saturday and did pretty good on salmon, rockfish and crab. Again, with good fishing and hot inland temps the place should have been packed.
The guy at the fuel dock said business is down about 30%, I believe he is in denial, it’s probably down by more than that.
FJB
I used to go up to Newport before I had kids.
It was exactly as you described, in the summer.
I loved it. Good rock fishing and a great town.
Now, since I’ve had kids, we just head to Brookings for a similar thing.
Its closer, but not as nice as Newport.
We also go to Agness on the regular.
Thats a great little river spot with decent fishing, and beautiful.
Also have been East to Odell Lake recently. That’s an annual as well.
Mackinaw has been good every time.
Neither Brookings or Odell were “down business” as far as I could tell.
Agness is always full where we go.
I love Oregon, but our politicians are insane and
prices are undoubtedly up for everything.
South of you but yup, the Commies from the big three who own the vacation homes in my area aren’t showing up nearly as much and the beach traffic is way down. This week is dune fest so that’ll be a big flashy sign of reality.
For the sake of the remaining local businesses I hope it goes well. Not much left other than salmon and steelhead season then it’s the long, dark winter.
North of you in Washington. Annual Hydro Plane races in the Tri-Cities. Usally we are slamed during the weekend of the water follies. The local bars would be slammed with folks, crowds in the park , motels full. This year dead.
I recall watching some blowhard economist saying a digital currency would be great because the could just reduce dollars in accounts to fight inflation.
Foolishness.
You can count on the fact that workers that will be getting the “haircut” first, always.
Bail-ins, like Cyprus a few years back. And then more bailouts for the too big to fail corporations.
Also,
Returned from a trip to North Carolina recently.
I couldn’t turn it down, as the entire trip was on the house.
Spent a week in Castle Hayne, which is close to Wilmington.
Went to my first Cracker Barrel, and visited Baldhead Island, fished Cape Fear river, Carolina Beach.
Everything was a good 15-20% cheaper than in Oregon.
…water is wet…Kashkari is a miseducated idiot or a traitor to this nation…I favor the former AND the latter….
….perhaps the dumbass just didn’t get the $5 diesel memo…a wholly contrived and intentional result of lefties stealing elections…
” …the single cause of the broad inflation is the intentional lack of energy production.”
That’s it- that 1 sentence should be uttered by every conservative pundit and staunch Republican.
Ad nauseum.
Force the opposition to answer to it, & our government to defend why it isn’t so.
It’s also what all MAGA contenders need to articulate in every Fall debate.
Is that really too difficult for us?