Kentucky republican House member Thomas Massie had some interesting statistics in hand when questioning Transportation Secretary Pete Buttigieg about the administration goal to make electric vehicles 50% of all cars, vans and trucks sold by 2030.

Essentially, it is a cart and horse scenario.  An electric vehicle requires five times as much energy production as the standard home air conditioning cost.  The U.S. electricity grid cannot support an increase in household energy use that is equivalent of adding five times as many houses using air conditioning.  Math is math.  WATCH:

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Comrades, the likely federal government solution is simple.  Comrade citizens can have one electric car (mandated by regulatory compliance), or they can have their home air conditioned, but they cannot have both.  [Assuming social credit scores are high enough]

See how easy that is?

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CTH cannot overestimate what is more likely than not, as the Biden administration is now reportedly going to declare a national climate emergency in order to take their Green New Deal policy to the next level via executive fiat.  [The Hill Story Here]

Any possibility of the Biden administration creating an even deeper economic collapse under the auspices of climate change regulation, has essentially been stalled by congressional opposition to further Green New Deal (Build Back Better) spending and regulatory legislation.

Some, albeit not enough, congressional representatives, can see what lies at the end of this fundamental energy change, a significant collapse of the United States economy.  However, the committed ideologues behind Joe Biden are not going to let the legislative branch interfere in their climate change agenda.

What we are about to see is most reasonably predictable against the backdrop of how Biden’s administration exploited the “national COVID emergency,” that backstopped and justified their eventual use of OSHA to mandate vaccinations, and regulatory control over the private sector, under the guise of a pandemic emergency.  We predicted that administration approach in December of 2020, and that is exactly what they did {GO DEEP}.

When CTH shared that OSHA would be the institutional regulatory vector for forced vaccinations, many said we were conspiracy theorists.  Ten months later that is exactly what the people behind Joe Biden did (link). Now we can expect that same health emergency approach (massive regulations) to repeat with the declaration of a national climate emergency.

Pause and think about the ramifications to all domestic economic and business interests if the federal government starts using all agencies to regulate a new climate emergency policy.  Think about the regulations, the scale of potential regulations, from the dept of transportation, the dept of labor (including OSHA), the dept of the interior, the dept of energy, the dept of housing and urban development, the dept of education, the dept of health and human services, and many more.

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No doubt it was only the public pressure and ridicule against this activist Manhattan District Attorney that caused him to reverse course.

Facing intense public scrutiny for his ideological efforts, Manhattan DA Alvin Bragg has dropped charges against the 61-year-old Latino bodega owner who defended himself against a violent attack by the black boyfriend of an angry customer.

The entire episode, including the ridiculous charges against Jose Alba, was fraught with racist undertones from the district attorney’s office.

NEW YORK – After intense backlash from local bodega workers and city tabloids, Manhattan district attorney Alvin Bragg on Tuesday dropped all charges against bodega clerk Jose Alba, who was allegedly acting in self-defense when he fatally stabbed a man who was attacking him.

The liberal DA’s decision comes after weeks of criticism of Bragg’s decision to send the 61-year-old to Riker’s Island and charge him with second-degree murder in the death of 35-year-old Austin Simon. Bragg first requested Alba’s bail be set at $500,000 before it was lowered to $50,000 in response to criticism from the community. He was later released on a $5,000 bail bond.

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The Humane Society of Virginia is trying to find homes for 4.000 beagles, exactly two weeks after NIAID Director Anthony Fauci told congress he would no longer use beagles for allergy testing.

These two stories seem connected.

July 5, 2022 – Under fire from foes of federal animal testing, the agency headed by COVID-19 czar Anthony Fauci has canceled a plan to start new tests of allergy medicine on beagles, some as young as 6 months.

In a letter to Sen. Joni Ernst (R-IA) and promoted by the White Coat Waste Project, Fauci said that instead of dogs, the new hay fever drug will be tested on rodents.

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British Prime Minister Boris Johnson resigned.  Days later, former Japanese Prime Minister Shinzo Abe was assassinated. A few days passed and both the President and Prime Minister of Sri Lanka, resigned and fled the country.  Today, with their ruling governments in a state of turmoil, Estonian Prime Minister Kaja Kallas and Italian Prime Minister Mario Draghi have both tendered their resignations.

The collapse of each of these national leaders is not necessarily connected; however, the global political system is reverberating with tremors directly connected to the post-pandemic economic turmoil.  It would be naïve not to see these governing issues as consequences.  The legitimacy of the governing class is slipping; perhaps it would be fair to say, some have ‘lost’ their legitimacy altogether.

Estonia is part of the EU and a member of NATO:

HELSINKI — Estonia’s president on Thursday asked Prime Minister Kaja Kallas to form a new government after she tendered the resignation of her one-party minority Cabinet, ending a more than month-long political stalemate in the Baltic nation.

President Alar Karis said in a tweet after meeting with Kallas that “I signed the resignation request of Prime Minister @kajakallas but also asked her to form a new government which could start working quickly and deal with all important issues of Estonian life.”

Estonia’s government crisis culminated in early June as Kallas, leader of the ruling center-right Reform Party, kicked out the left-leaning Center Party from the two-party coalition. The parties had substantial differences over spending and welfare policies amid increasing Estonian household costs because of high inflation. (more)

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CNBC is the Biden defense team for media broadcasts of anything related to the economy.  As a result, you know things are bad when CNBC broadcasts that Joe Biden’s economy has the highest level of dissatisfaction in the history of their surveys.

Steve Liesman was given the task again to share the horrible results. WATCH:

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Sad news. President Donald Trump’s former wife, Ivana Trump, mother to Donald Trump Jr, Eric Trump and Ivanka Trump, has died. She was 73-years-old.

President Trump made the announcement on Truth Social:

[LINK]

Ivana Trump was born Ivana Zelnickova in 1949 in the Czechoslovak city of Gottwaldov.  She married Donald Trump in 1977 and they were divorced in 1992.  They remained good friends and according to Ivana, they spoke to each other every week.

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The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released June price data [Available Here] showing another 11.3% increase year-over-year in Final Demand products at the wholesale level.

Overall, the wholesale inflation rate is being driven by energy prices.  The June calculation shows exactly that problem with energy prices embedded in goods driving 10% of the price increase.  However, there is some good news in the short-term for July and August, as the intermediate and raw material costs are leveling off temporarily.  Unfortunately, that raw material price plateau is almost certainly the result of a drop in demand.

CTH has modified Table-A and Table-B to take out the noise.

The June inflation rate for final demand goods (2.4%) is driven mostly by higher energy prices (10%).  Energy costs are passed along through every stage of the supply chain contributing to an overall wholesale price increase of 2.4% in June, 11.3% year-over-year.

Notice the slight drop in final demand services; that is important.  What we are seeing is a contraction in the service economy overall, as the service sector -which includes restaurants- cannot pass along the scale of energy price increase to customers. People are changing their spending habits – service demand overall is dropping.

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Sorry, I had no idea President Trump was delivering remarks today.  President Donald J Trump is speaking from Las Vegas and delivering remarks On America First Policies. Ongoing livestream links below.  However, they are having major technical issues:

Donald J Trump Rumble Livestream – RSBN Rumble Livestream Link

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Elon Musk has notified Twitter and the SEC [SEE LETTER HERE] that he is exercising his “right to terminate the merger agreement and abandon the transaction contemplated” due to the social media company not providing transparent access to background data that would allow authentication of “monetized daily active users” (mDAUs).

It appears that Twitter Inc did not want to reveal how Jack’s Magic Coffee Shop was able to sustain operations, at an extremely high cost, without making money.   That’s the essential source of the issue.

The social media company did not want anyone looking at the data stream inside the communication platform.   Musk was not allowed to authenticate the number of real users and identify the number of ‘spam’ or ‘bot’ accounts within the platform.

From the SEC Letter: […] ” Specifically, in the Merger Agreement, Twitter represented that no documents that Twitter filed with the U.S. Securities and Exchange Commission since January 1, 2022, included any “untrue statement of a material fact” (Section 4.6(a)). Twitter has repeatedly made statements in such filings regarding the portion of its mDAUs that are false or spam, including statements that: “We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts during the first quarter of 2022 represented fewer than 5% of our mDAU during the quarter,” and “After we determine an account is spam, malicious automation, or fake, we stop counting it in our mDAU, or other related metrics.”

Mr. Musk relied on this representation in the Merger Agreement (and Twitter’s numerous public statements regarding false and spam accounts in its publicly filed SEC documents) when agreeing to enter into the Merger Agreement. Mr. Musk has the right to seek rescission of the Merger Agreement in the event these material representations are determined to be false.

Although Twitter has not yet provided complete information to Mr. Musk that would enable him to do a complete and comprehensive review of spam and fake accounts on Twitter’s platform, he has been able to partially and preliminarily analyze the accuracy of Twitter’s disclosure regarding its mDAU. While this analysis remains ongoing, all indications suggest that several of Twitter’s public disclosures regarding its mDAUs are either false or materially misleading. 

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