During his opening monologue Friday evening, Fox News host Tucker Carlson went into great detail outlining the current evidence of how the SARS-CoV-2 virus originated.

As a direct consequence of the COVID-19’s global impact, a geopolitical reset has taken place.  Carlson asks the questions of whether this reset was done purposefully, and why is there no one looking at how the virus originated?   WATCH:

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University of Pennsylvania, Wharton School of Business, Finance Professor Jeremy Siegel, takes a closer look at the June jobs data from the Bureau of Labor Statistics.  Professor Siegel notes a .01% drop in average hours worked is the labor equivalent of losing 450,000 jobs.

With factory demand dropping, and with inventories climbing, and with FTE’s (Full-Time Equivalents) dropping, the jobs report takes on additional context that aligns with the overall decline we feel in Main Street activity.  Essentially, regardless of how many jobs are “created” within the economy, the overall economic activity -as measured by the value of products & services generated- is declining.

Additionally, as noted by Professor Siegal, the current best estimate as reviewed by the several data points, is a current drop in overall GDP in the -2% range.   Seigal points this information out because the Federal Reserve is raising interest rates into an economy that has declining (demand side) consumer activity, which, correctly as he states, only makes the contraction more severe.  WATCH:

The core supply side costs (all based on energy policy) continue to increase and drive consumer prices upward.  Simultaneously, consumer demand is dropping because the goods and services impacted by the increased costs (most of which are unavoidable) are more expensive.  This creates a downward spiral.  Consumer prices are increasing on housing, energy, food and gasoline (supply side impacts), at the same time discretionary spending contracts.

In this scenario there is no way to avoid a steep recession.  However, the real priority of Joe Biden surrounds whether Jill will allow his favorite pudding, and if the shoes on the pancake mix keeps making sparkly rabbit noises.

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Earlier today Joe Biden held an official ceremony promoting the killing of unborn babies as a legacy initiative of his administration. Biden signed an executive order [View Here] stating that abortion “is essential to justice, equality, and our health, safety, and progress as a Nation.”

{Direct Rumble Link} – Executive Order Here – WATCH:

(Via Reuters) – […] Biden, [a member of the progressive death cult], has been under pressure from supporters, particularly progressives, to take action after the landmark decision, which upended roughly 50 years of protections for women’s reproductive rights.

The president’s powers are constrained, because U.S. states can make laws restricting abortion and access to medication, and the executive order is expected to have limited impact.

Biden will direct the Health and Human Services Department to take action to protect and expand access to “medication abortion” approved by the Food and Drug Administration, the White House said.

Experts have said a pill used to terminate early pregnancies is unlikely to become available without a prescription for years. States that already restrict the medication would not be affected by the presidential order.

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The Bureau of Labor Statistics (BLS) has released the June jobs report [Data Here] showing 372,000 job gains on the establishment survey of businesses.  However, the April and May reports were revised downward by 74,000 jobs, and there is an odd disconnect between the survey of businesses and the survey of households.

The survey of businesses (BLS establishment report) shows job gains of 372k for the month of June, but the survey of households (BLS household report) shows that fewer people are working.  The labor-force participation rate slipped to 62.2% from a previous high of 62.4%, fewer people are working.

This odd disconnect has many people wondering what is going on?

Wage growth comes in at 5.1% on an annual basis, which is far below the current BLS calculated rate of inflation at 8.6%. Meaning wage growth is not keeping up with inflation despite workers entering the labor force at a higher entry level wage.

Economists overall are flummoxed as job gains would indicate a strong economy. However, the actual economic activity, the creation of goods and services, is not growing.  Quite the opposite appears.  Orders for factory goods have dropped, inventories of currently available goods are climbing, and sales figures across a broad spectrum of companies are negative.  The economy as measured by the creation of goods and services is stalled, but the economy as a measure of employment is firm.

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Japanese Prime Minister Fumio Kishida held a brief press conference [2:00am ET] after arriving back in his office and recalling all cabinet members following the assassination attempt upon the life of former Prime Minister Shinzo Abe.

According to Kishida, the condition of Shinzo Abe is still grave and serious, and all medical personnel are still working to save his life.

(NHK) – Japanese Prime Minister Kishida Fumio told reporters that former prime minister Abe Shinzo is in serious condition after he was attacked in Nara City.

Kishida said, “It is such a despicable act that took place during an election period, which is the foundation of democracy. It is totally unacceptable. I condemn the act in the strongest possible terms.” Kishida added that it is important for the government to prepare to take all necessary measures to deal with any possible situation. WATCH:

The assassin of Shinzo Abe has been identified as 41-year-old Yamagami Tetsuya, who used a homemade black powder shotgun.  Tetsuya was a former member of the maritime defense forces where he served for three years.  According to Japanese media:

…”The 41-year-old suspect lives in Nara city where the shooting took place. Defense sources say the suspect worked for the Maritime Self Defense Force for three years until around 2005.  Police say the suspect told investigators that he was dissatisfied with the former prime minister and intended to kill him.”

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The Energy Information Agency has finally updated “on road” diesel prices after a month of frozen data [SEE HERE].  Conspicuously, the technical “glitch” correction is resolved [statement here] as the price for diesel starts to drop a little.

Oil prices are showing a drop in price, and subsequently gasoline prices are starting to moderate.  Unfortunately, as noted at The Hill, the drop in price is not related to an increase in production, but rather a decline in consumer demand.

WASHINGTON – The price of U.S. crude oil was hovering around $98 per barrel on Wednesday afternoon, down from about $108 late last week. Brent crude fell to about $101 per barrel, down from about $111 late last week. 

[…] “We’re on the cusp of seeing more savings,” said Patrick De Haan, head of petroleum analysis at gas price tracking site GasBuddy. “I’m trying to be a little bit optimistic here that this relief could make its entire way to the pump in the weeks ahead.” 

[…]  “The average price per gallon could fall 40 to 65 cents over the coming weeks,” he said, adding that the drop could be over a three- to six-week period. 

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Facing a blistering amount of criticism for several false statements, U.K. Prime Minister Boris Johnson announced today he was resigning.

Prime Minister Johnson took to the podium outside Ten Downing Street with a massive number of cameras and media microphones awaiting his predictable announcement.

The Daily Mail has all the details – SEE HERE.

I would not be surprised to see the British leftists try to use this opportunity and overthrow the Brexit movement, fighting -once again- to get back into the European Union.

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One of the most frustrating aspects to our current state of national affairs is that no politician will articulate the basic commonsense problem, and how the people handling Joe Biden are directly to blame for it.  Instead, DC and national politicians talk around it, all of them pretending not to know.

However, at least there is one voice in Tucker Carlson who articulates the economic and political reality in a framework that most can understand.

In his opening monologue tonight, Carlson succinctly points out how the current state of economic anxiety is directly the result of Joe Biden chasing the Green New Deal initiatives that progressive, communist democrats have advocated for years.  WATCH:

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The energy crisis is intentional.  The food crisis is intentional.  Everything that is happening domestically in our economic crisis is happening intentionally.  All of the problems are the result of intentional policy decisions.

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A great monologue by Sky News Host Rowan Dean connecting the dots between Canadian Prime Minister Justin Trudeau, Dutch Prime Minister Mark Rutte, the current farmers protests and the World Economic Forum global food hub initiative. {Direct Rumble Link} WATCH:

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Monmouth University conducted another political poll of U.S respondents [SEE Survey HERE].  In addition to the plummeting approval of Joe Biden, the worst yet approval at 36% according to the survey, the respondents were asked to list their top concerns (Question #7).

The responses were recorded but did not come from a list presented by Monmouth.  They just compiled the results.  As stated, “what is the biggest concern facing your family right now?”  The results show the top priorities of Americans and the disconnect between the priorities of congress and the American people are stark.

(Source, Question #7)

Nowhere on the expressed concerns did anyone identify supporting Ukraine or the Russia -v- Ukraine conflict, as a priority; yet, Ukraine has taken up almost all of the legislative effort from congress.  The total taxpayer-funded congressional spending is nearing $100 billion.  Additionally absent from the concerns of the American people, is any mention of the January 6th committee; again, another time wasted political exercise by a congress detached from the priorities of the electorate.

The top priorities are what we would expect to see, economic issues.  Inflation, Gas Prices, the Economy and the ability to pay everyday bills (groceries) are the priorities of the American people.  All of these issues are directly caused by Joe Biden and the policy of his administration.  Climate change, the #1 focus of the administration, is not even in the top ten.  We are in an abusive relationship with our own government.

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