The U.S. Census Bureau {LINK} reports the March retail sales data {pdf LINK} showing a contraction in sales overall (excluding gasoline) and a massive contraction in on-line sales.  As we expected, we are seeing the continued demand side contraction for non-essential purchases.

First, when you review the data, keep in mind all of the statistics are based on dollars.  Currently the BLS calculates the rate of inflation at 8.5 percent year over year. So, when we look at retail sales figures, we must remember the items being sold cost more.  Any reported sales figures in a sector that do not exceed the inflation in that sector, indicates decline in units sold.

The top-line for March retail sales is 0.5% growth; however, the rate of inflation is 8.5%, so the amount of goods sold is substantially less than the 0.5% dollar increase would indicate.  Subtract the sales of gasoline (w/ massive price increases), and retail sales are negative (-0.3%) in March.  SEE TABLE-2

A good category to note the contraction in non-essential purchases is electronics and appliances.  Again, CORE inflation in that segment is around 6%, and yet total sales were only 3.3% higher, meaning less actual units sold.  Compared to 2021, electronics and appliance sales dropped 9.7%.

Showing how much people are pinched, gasoline prices are around 60% higher than this time last year, yet gas station sales only increased by 8.9%.  This means people are buying a lot less fuel at much higher prices.  People have shifted their transportation habits because gas costs so much.

Two more very interesting notes:

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The richest man in the world, Tesla CEO Elon Musk, made an offer to purchase the Twitter platform for a price of $41 billion.  The offer represents a value of 38% more than the current evaluation.  [SEC FILING HERE]  The offer is filed with the US Securities and Exchange Commission proposing a full takeover for $54.20 per share in cash.

Within the filing Elon Musk states his intentions:

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.  However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. Twitter has extraordinary potential.  I will unlock it. (SEC LINK)

What Elon Musk appears to be doing is perhaps the biggest story that few understand.

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Against the backdrop of increased Russia-India trade {link}, and the BRICS discussions about new trade payment mechanisms to avoid being shackled to the dollar {link}, it would appear the people behind the White House operation to create/maintain conflict with Russia are scheduling a stern conversation with India’s Prime Minister Narendra Modi.

WHITE HOUSE – ” President Joseph R. Biden, Jr. will meet virtually with Prime Minister Narendra Modi of India on Monday, April 11 to further deepen ties between our governments, economies, and our people. President Biden and Prime Minister Modi will discuss cooperation on a range of issues.” …

“President Biden will continue our close consultations on the consequences of Russia’s brutal war against Ukraine and mitigating its destabilizing impact on global food supply and commodity markets.” (read more)

The message from the White House will likely be akin to: ‘Nice country of 1.5 billion hungry people you got there Modi.  With all this talk of global famine going around, it’d be a shame if you couldn’t feed them.’ Oh, and by the way, did you happen to catch what just rolled out in Pakistan?  Imagine that – what with common borders and such… 

For those unfamiliar, it appears the DoS/CIA were up to their old tricks again, because Pakistan was favorable to the position of China and Russia in the Ukraine conflict and would not take sides with NATO and western allied leaders.

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Appearing on ABC’s This Week to give his opinion on the current status of COVID-19, White House medical advisor Anthony Fauci warns the CDC may soon revert back to an indoor mask mandate.  This is additionally troublesome, because many people now define themselves by COVID-19.

There are many people who can only identify with other like-minded people fearful of COVID.  WATCH:

There are a significant portion of the American public who worship at the altar of COVID theatrics.  For them getting booster shots, following the CDC orders and participating in the mask theatrics is a profoundly religious experience that defines who they are in the modern world of pandemic fear.

Observing the behaviors of mask promoters, is almost like watching a livestream of unstable political expression.  It truly is one of the most bizarre new realities. Many of the Branch Covidians become mentally and emotionally unstable when they experience contact with a non-mask-wearing person.

Even after all of the ‘scientific evidence’ that shows masks provide no substantive benefit or lowering of infection risk, there are a great many people who cannot fathom not wearing one for the remainder of their lives.  The psychological training from two years of massively promoted COVID fear and the drumbeat of worry, has left a large portion of the American people in a permanent state of profound instability.

It is unnerving to realize how many people can be influenced to believe in something that lacks any logic or reason.  I’m not sure how long, if ever, this tear in the social fabric will last or take to repair.  Many of these COVID consequences have divided people permanently.  The full interview is below.

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CBS has released their latest YouGov Poll [DATA HERE], again showing the top priorities of the American people are not even on the radar of the American government.  The DC beltway disconnect is stark.

Interestingly, the recent survey of Pennsylvania voters done by Reuters, turned up this almost identical priority list, only Rusia/Ukraine did not even appear in the top five.  The economy, inflation, gas prices, crime and immigration are the top five issues across the board, in almost every poll.

Russia/Ukraine is a non-existent issue. Yet, that is the actionable priority -with questionable importance for U.S. security interests- for a totally out of touch government and media to focus on.  Sending $14 billion to help Ukraine’s border fight, while our borders are crushed with illegal aliens, is a sharp stick in the eye for every American.

Unfortunately, our opinion doesn’t matter, and frustratingly, the people using Biden as a tool to achieve their goals do not have any concern whatsoever about political fallout.  Biden is a disposable tool for a program of rapid single-term advancement of the democrat-communist agenda.

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As expected, in the France election no candidate achieved 50% of the vote.  That sets up a runoff election fifteen days from now to determine who will be the next president.  Reuters Article Here – Guardian/MSM Article Here

In the primary race the final results are not yet announced; however, current President Emmanuel Macron has approximately 28% of the vote, and challenger Marine Le Pen has around 24% of the vote.  No other candidate was close enough to change the top two outcome.

In the head-to-head matchup, the race is essentially tied, well within the margin of polling error (as above).  Interestingly, Le Pen has flipped the 18-to-34-year age bracket and now holds majority support in the younger voting bloc.  Perhaps, due to young French citizens feeling the outcomes of the professional political left thirsting for unilateral power during COVID.

There was around a 65% voter turnout according to most early analysts.  The general election is essentially a coin toss based on the current polling.  The final vote to determine the winner will take place April 24th.  It will be a very closely watched event by leaders around the world.  A Le Pen victory would be seismic in the world of politics, akin to Trump’s victory in 2016, and that outcome is a strong possibility.

The professional political left are apoplectic.

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Loretta Mester, the president and CEO of the Federal Reserve Bank of Cleveland, appears on CBS Face the Nation to discuss inflation, the economy and monetary policy.  Ms Mester is in a tough place, because she cannot admit the influence of federal monetary policy is far outmatched in the era where Joe Biden energy policy is limiting oil and gas development and creating massive inflation.

Mester does admit the supply chain crisis will extend well into 2023, but blows hopeful unicorn wishes by projecting that price inflation will temper by the end of this year.  From the perspective that 20 to 50% price increases on critical goods (housing, food, fuel, energy) are unsustainable in repeated cycles, she is correct; the rate of inflation will lower. However, that’s only because the baseline prices will have increased so high the rate of increase measure falls.  WATCH:

A $4 item that gains a $2 increase holds a 50% rate of inflation.  The next year that $6 item again has a $2 increase, but the rate of inflation drops to 33%.  The price increase is the same, but the rate of inflation drops.  That’s what is going to happen in the second half of this year.  FUBAR

The White House is doing this on purpose in order to chase their ideological dreams of sustainable energy and climate change.  Energy prices underline the entire economy, because oil and gas prices touch everything.  Insofar as they continue the war against coal, oil and gasoline, there’s nothing monetary policy can do to combat inflation.  The Fed must however, pretend not to know things.

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Every time the U.S. government attempts to clarify the biolabs in Ukraine, they end up making things less clear.

In the most recent example, Deborah Rosenbaum, the assistant secretary of defense for nuclear, chemical, and biological defense programs, told the House subcommittee on Intelligence and Special Operations on Friday that “I can say to you unequivocally there are no offensive biologic weapons in the Ukraine laboratories that the United States has been involved with.”

In a fact sheet produced March 11, 2022, the U.S. Defense Department admitted to working with biological weapons facilities in Ukraine [LINK]. “The United States … has invested approximately $200 million in Ukraine since 2005, supporting 46 Ukrainian laboratories, health facilities, and diagnostic sites.”

As the current story is told the U.S. government was coordinating with the Ukraine government on biologic research facilities, many of which were left over from the former Soviet era.  In/around the time the Russian invasion was feared, they worked quickly to destroy the pathogens, because they were worried what might happen if the Russians took control of the facilities.

This begs the obvious first question, if the U.S. Defense Department was working with Ukraine since 2005, and they could destroy the deadly pathogens in a few days before the conflict, why didn’t the Pentagon destroy them in the preceding 16 years?

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GBNews pundit Neil Oliver uses his weekly monologue [Transcript Here] to ask what is this new madness that forces us to suspend disbelief in order to accept it?

Curiouser and curiouser we find ourselves muttering as those who operate the global funhouse mirrors bend the reflected narrative to give the appearance of fat made skinny, boys made girls, and contorted views of their political truth.  WATCH:

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[Transcript] – “I wonder how far all this will go. By “all this”, I mean the headlong push, always in the same direction, always away from the world I recognise. To me it seems as though a pendulum is swinging, has been swinging for years now, but always and only one way – further and further from the point where I stand. I wonder too, how far that pendulum can swing before it must stop and, inevitably swing back the other way, and with a vengeance. Every action, after all, has an equal and opposite reaction.

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The Washington Post, aka the U.S. intelligence community, is lamenting the likelihood that Hungarian nationalist Viktor Orban is likely to win reelection tomorrow despite the efforts of the multinational corporations and globalists in western politics trying to defeat him.

According to the public relations stenographers for the U.S. intelligence community, Orban retains a great deal of support from the working class in Hungary, despite the influence campaign the western alliance has been waging to support his political opposition.  The framework from the Washington Post indicates just how tentacled the U.S. government is in meddling in the affairs of our allies.

According to the CIA publication: “He has angered his neighbors and triggered harsh blowback from Ukrainian leaders for what they see as a wishy-washy reaction to the war. Yet by portraying himself domestically as a steady hand navigating between larger world powers, he has gained ground on the political opposition in Hungary and increased his odds of winning a fourth consecutive term as prime minister in a parliamentary election Sunday.”

The WaPo notes the job of the global intelligence community and the western manipulators within the NATO alliance become more complicated with Orban likely to continue advocating for the best interests of his country.  This makes it more challenging for “the European Union, which is trying to maintain a hard line against Moscow — from all 27 members of the bloc — while also pressing Hungary on rule-of-law issues and democratic backsliding.”  Orban, an economic nationalist, represents another roadblock in the western effort to create new “democratic norms” through a one world order model of government.

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