Tucker Carlson used his monologue tonight to outline how intentional Joe Biden economic policies are destroying the lifestyle of the average American citizen. As Carlson notes none of this is accidental, all of these policies are being done with intent. Yet almost the entire media system and financial class, are denying the resulting outcomes.
The administration and media are not redefining a recession, they are denying one exists in order to make all of the policies permanent. WATCH:
With mail-in ballots becoming a feature of all future elections, the United States government, specifically the United States Postal Service (USPS) is now creating a permanent division inside USPS to control the delivery and return of the election ballots. Do you know the political affiliation of your mail courier?
As often said, it’s not the vote that matters, it’s the counting…. or in this instance, the collection of the votes that really matters. Democrat lawyer Mark Elias, in charge of protecting all fraudulent voting initiatives on behalf of the Democrat National Committee, is happy with the news.
Keep in mind the union representing 300,000 U.S. postal workers previously endorsed Democrat Joe Biden for president. The National Association of Letter Carriers, is a fully compromised left-wing division of the USPS.
The USPS has just created a division of NALC employees exclusively to handle mail-in voting, just in time for the mid-term election.
WASHINGTON (AP) — The United States Postal Service is creating a division to handle election mail issues as part of an effort to ensure swift and secure delivery of ballots for the 2022 midterm election, officials said Wednesday.
The idea behind the creation of the Election and Government Mail Services is to have a permanent division dedicated to dealing with election matters, instead of handling issues one at a time as in the past.
The distance between Wall Street and Main Street has never been as brutally obvious as it is today. It is simply stunning to watch the cheerleading and casual nature of the economic and financial pundits as they speak esoterically about how policies intended to reduce the U.S. economy are so wonderful.
Seriously, the disconnect in life impact has never been as stark. At least in previous times of economic contraction there was a smidgen of appreciation for the pain that unemployment and rising costs bring to the blue collar and middle-income working class. In this new era, the financial stress and visible outcomes of destroyed families are simply shrugged aside as if these are abstract consequences.
In this segment former Federal Reserve vice-chair Randal Quarles, notes with a casual flippance how the economic policies of the Biden administration are simply doing what needs to be done in order to intentionally reduce the U.S. economy. Sure, massive unemployment, in direct correlation to the scale of the inflation that precedes it, is almost certain, but hey…. the economy must be collapsed if the Build Back Better, Green New Deal, agenda is to be fully implemented. WATCH:
Maybe this flippancy seems starker because those who consider themselves outside the collateral damage impact zone were not visible in prior generations. Perhaps it is because modern technology and the information era allows us to see conversations that were previously only described in print newspapers and journals. Whatever it is, the shameless disconnect between the unaffected rulers and the proles who have to live with the consequences are far more visible today than before.
Smiling while describing a future where working men are emasculated by their inability to support their families. Smiling and shrugging while explaining a landscape where moms are worried about how to feed their children, as the checkbook in the household creates a type of stress these ‘betters’ have likely never experienced, is almost psychotic in its detachment.
Desperation is not a good situation for any society.
Worse yet, laughing in the face of desperation leads to the type of outcomes that eventually hits the ‘betters.’
Hanover, a city in the northwest of Germany, has become the first major metropolitan area to try and reduce the use of natural gas by removing hot water from public buildings. The move comes as natural gas supplies from Russia are reduced to 20% of capacity. Germany is attempting to fill up storage facilities of natural gas in order to survive the winter.
Germany, together with several European countries, are telling their citizens to expect large increases in their electricity bills as energy costs continue to skyrocket.
Germany does not have any LNG terminals to receive shipments of natural gas into ports, they are dependent on pipelines from Russia. They are urgently trying to reduce the current amount of natural gas being consumed.
(Via Daily Mail) – […] Other desperate gas-saving measures include switching off public fountains and blacking out night-time lights on major buildings such as the town hall and museums. The city’s mayor, Belit Onay, spoke of an ‘imminent gas shortage’ that meant they had to reduce the city’s energy consumption by 15 per cent.
[…] There will also be a ban on portable air conditioners, heaters and radiators among the general populace as the average German begins to pay a price for standing up to the Russian dictator.
[…] Germany, like most of Europe, has been enjoying a hot summer which should soften the blow of the cold showers, but public officials are introducing the measures now in fear of what awaits them when the season turns.
The world’s largest chemical company, BASF, has announced they will cut down the production of ammonia in order to use less natural gas.
In the short term this will help Germany build up natural gas supplies to survive a cold winter with predicted rationing still planned. However, in the long term the shortage of ammonia means less fertilizer which will mean future shortages and increased costs for farmers; ultimately creating lower yields next year.
FRANKFURT, July 27 (Reuters) – Germany’s BASF (BASFn.DE), the world’s largest chemical company, is cutting ammonia production further due to soaring natural gas prices, it said on Wednesday, with potential ramifications from farming to fizzy drinks.
Germany’s biggest ammonia maker SKW Piesteritz and number four Ineos also said they could not rule out production cuts as the country grapples with disruption to Russian gas supplies.
Ammonia plays a key role in the manufacturing of fertiliser, engineering plastics and diesel exhaust fluid. Its production also yields high-purity carbon dioxide (CO2) as a byproduct, which is needed by the meat and fizzy drinks industries.
There is less pretending in this segment, but the core of intent is still missing. As soon as Ms. Bartiromo can admit the monetary policy is specifically designed to create lower economic activity, she will be able to reconcile the policy conflicts which she still views as hypocrisies.
While not outlining the motive, in the segment beginning at 1:07 Ms Bartiromo does a good job outlining the current state of the economy. WATCH:
Comrades, prior to the Joe Biden economy the average American worker was earning 29 onions per hour. After, the Biden economic policies were put into place, the average American worker is now earning 11 onions per hour.
Jumpin’ ju-ju-bones, CTH did not expect the BEA to admit the U.S. economy was in recession. CTH originally predicted the BEA would use lower import data as the primary tool to modify the GDP result.
Factually, in this report, import data -in combination with lower consumer spending- was the primary sector that led to the result. However, even with drops in the valuation of imports which lift GDP calculations, the economy still contracted.
Things must be much worse than officially admitted (details below), if the BEA is going to admit things are bad.
Gross Domestic Product (GDP) is the dollar value of all goods and services produced in the economy, minus the dollar value of goods and services we import. The percentages discussed are percentages of change over time.
The Bureau of Economic Analysis (BEA) released their first estimate of the second quarter GDP [Data Here] reflecting a 0.9% drop in U.S. economic activity. The second quarter contraction follows a 1.6% drop in the first quarter, which means we now have two consecutive quarters of declining economic activity, the technical definition of a recession.
The two primary data points which show the economic contraction are: (1) Lowered consumer spending; and (2) much lower imports as a result of lower consumer spending on durable goods and non-essential items. High Q1 inventories of goods were also flushed out by companies and not replaced. Starting with the consumer spending, here’s the data [Table-2, BEA report]:
Consumer spending, also called “personal consumption expenditures” declined 1.08% for goods overall in the second quarter.
Consumer spending represents two-thirds of all GDP in the United States. Americans buy lots of stuff, and when Americans stop spending on goods the economy stalls. As you can see in Table-2, consumer spending on goods dropped 1.08% and spending on services increased 1.78%. The net difference is 0.70%, a massive drop in consumer spending compared to prior quarters/years.
The next component with major impact is the result of the drop in spending.
Tucker Carlson used his opening monologue to compare and contrast the different responses from the DOJ to Donald Trump vs Joe Biden. Carlson outlined the different response from the DOJ/FBI toward the pro-violence statements by various democrat politicians to the DOJ/FBI response currently underway to target Donald Trump.
Essentially, what this boils down to is a system of two-tiered banana republic style justice. All efforts are exhausted to avoid targeting democrat politicians, and all DOJ/FBI efforts are exhausted to manipulate the targeting of republicans. The same selective targeting and investigating holds true based on the geographic venue for criminal conduct. WATCH:
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Two weeks ago, CTH warned everyone that Joe Manchin’s torpedoing of the $500 billion Green New Deal senate spending program was a head fake; he was always going to sign up to expand the control of the federal government over energy use. Today Manchin and Chuck Schumer made it official.
The people operating the “energy transition” levers will get $370 billion to spend on bigger windmills, more solar panels and new energy programs to eliminate coal, oil and natural gas. They will pay for it by raising taxes and hiring a new army of IRS enforcement officials. In exchange for his vote, the federal government will pay increased health insurance subsidies for West Virginians and pass out lower priced medications.
There you go. Exactly as predicted. Energy inflation will continue as the energy transition becomes a permanent feature. Ironically, Joe Manchin made them change the name to “The Inflation Reduction Act,” and pushed the effective dates for all renewals past the 2024 election (where he plans to be a candidate against Gavin Newsom).
WASHINGTON – Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday reached a deal on a bill that includes energy and tax policy, a turnaround after the two deadlocked earlier this month in talks on Democrats’ marquee party-line agenda. In a joint statement, the two Democrats said the legislation will be on the Senate floor next week. It includes roughly $370 billion in energy and climate spending.
While admitting that consumer spending had dropped; and while admitting that production of goods and services had “slowed significantly”; and while admitting that consumers have “lower real disposable incomes and tighter financial conditions; and while stating that “activity in the housing sector had weakened”, housing purchases have fallen; and while accepting that “business fixed investment seems to have declined in the second quarter,” Fed Chairman Powell announces his intention to continue targeting excessive demand.
If we accept that monetary policy can only impact the demand side of the economy (regulatory policy impacting the supply side); and if we accept all off the currently existing realities of a declining demand side, as outlined by Powell; then you might wonder what excessive demand is it that he’s targeting? The answer to that question is the secret sauce. They want less energy demand. WATCH (2 mins):
The federal reserve, just like all the central banks around the collective western alliance, is trying to reduce the economy in order to reduce energy use. This is the monetary policy side supporting the Build Back Better, Climate Change, regulatory policy side. {Go Deep}
They cannot admit openly what they are doing, but the bankers are trying to help the globalist politicians by shrinking their economy. Raising interest rates into preexisting economic contraction is against their legislative mandate, because it only leads to unemployment and a smaller economy.
Powell is using the pretense of demand side inflation as a justification to raise interest rates. It’s not demand driving inflation, it’s the energy policy.