Whenever we are discussing the intentionally managed decline of the western countries, it is important to remember the closely connected relationship between multinational corporations and the political leaders of those nations.  Specifically, their public-private connections as they run through the World Economic Forum assembly.

An intentionally managed decline of western economic activity should have a direct impact on the private corporations within those economies.  If the politicians are collectively going to stop energy development, raise energy prices (inflation), then use monetary policy to shrink the economy down to the level of energy available, we would normally think corporations were going to make less money.

That preceding paragraph is not controversial.  It simply explains exactly what is happening; that is the situation.  However, for some weird reason the system that evaluates corporate wealth is not responding negatively to the reality of the situation.

Traditionally, we would think destroying the economy would be against the interests of the multinational corporations who benefit from economic expansion.  However, in the era of subsidized and controlled economic management, I’m not so sure the corporations are stakeholders in economic growth.  Something is profoundly disconnected, or else the corporations would be raising hell with the politicians.

BERLIN, Aug 3 (Reuters) – BMW (BMWG.DE) lowered its output forecast and warned of a highly volatile second half on Wednesday, pinpointing supplies of energy in Europe and chips worldwide as the two crucial factors to the carmaker hitting full-year earnings targets.

New incoming orders were beginning to fall but order books remained filled for the next few months, chief executive Oliver Zipse said. (read more)

All of the basic indicators point in one direction.

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A few months ago, amid all of the headline warnings about inflation and prices of essential products, CTH noted that if we were to continue waiting about six months, we would see a massive backlog of unsold goods and as a consequence the prices of non-essential durable goods would begin a rapid decline.  That exact scenario is about to unfold.

Keep in mind, this is not necessarily a collapse of total global economic activity; what we are seeing is a collapse of western nation economic activity that is impacting the rest of the world.  A great economic fracturing is taking place as the western nations intentionally shrink their economy.  The supplier nations are feeling the consequences.

Maersk is the international shipping company that delivers millions of containers of goods all around the world, mostly by ship.  They are warning that warehouses are full of previously delivered goods, unsold consumer durable goods, as retail sales have come to a standstill.

The amount of inventory in warehousing is so extreme, major wholesale and retail groups have run out of storage space (link).

COPENHAGEN, Aug 3 (Reuters) – Shipping group Maersk (MAERSKb.CO) expects global container demand to fall this year as sales of durable goods come to a “standstill”, leaving flat-screen TVs and furniture piling up in warehouses, the company said on Wednesday.

A surge in consumer demand and pandemic-related logjams holding up containers in key ports had boosted freight rates and profits in the shipping industry in recent quarters, yet the cost-of-living crisis has reversed that trend.

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House Representative Jackie Walorski (R- Indiana) was elected to the House as a Tea Party reformer in 2012 [CTH LINK].  She was a staunch advocate for the military and a key voice behind the Veterans Affairs reform that followed the scandals surfacing about the VA in Arizona.   Mrs. Walorski and two members of her staff were killed today in a car accident. Mrs Walorski was 58-years-old.

Via Fox – “On August 3, 2022 at approximately 12:32 PM the Elkhart County Sheriff’s Office responded to a two vehicle crash on SR 19 south of SR 119,” the Elkhart County Sheriff’s Office told Fox News Digital in a statement.  “A northbound passenger car traveled left of center and collided head on with a southbound sports utility vehicle. All three occupants in the southbound vehicle died as a result of their injuries: Jackie Walorski, 58, Elkhart, Indiana Zachery Potts, 27, Mishawaka, Indiana Emma Thomson, 28, Washington, DC The sole occupant of the northbound vehicle, Edith Schmucker, 56, Nappanee, Indiana was pronounced deceased at the scene.”

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Trump-impeacher Pete Meijer of western Michigan lost his reelection bid to Trump-endorsed John Gibbs, a new political candidate.  That brings the removal of the House Trump impeachment crew to six, with Washington State still counting votes amid their odd ranking “splitter” system designed to avoid head-to-head challenges.

John Gibbs is a strong testimonial to the renewed effort of the rebel alliance. Citizen led legislative representatives that carry a servant’s heart with the intent to represent America’s interests first. John Gibbs is a smart, eloquent and more importantly, a profoundly decent man, carrying the banner.

Gibbs win is being heralded as an ‘upset’, but truly it is more reflective is a voting base that’s had enough of the UniParty.  This is not a battle of miles gained, we are fighting for every inch; forced by the skewed corruption within our republic to fight like insurgents.  Indeed, this is an insurgency to save our republic.

While this modern American rebellion taking place, a grassroots commonsense insurgency led by the disruptor known as Donald Trump, all of the corrupt multinational corporations, Wall Street benefactors and federal institutions are doing everything in their power to fight it.

(Fox News) John Gibbs has defeated incumbent Rep. Peter Meijer, R-MI, in the closely watched Republican primary for Michigan’s 3rd Congressional District, the Associated Press called just after 3 a.m. Wednesday.

The race pitted former President Donald Trump, who backed Gibbs, against one of only 10 House Republicans who voted to impeach him following the Jan. 6 storming of the U.S. Capitol last year.

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Project Veritas has obtained whistleblower materials from official FBI training and instruction, highlighting images that are defined as evidence of Militia Violent Extremists or MVE’s.  Among the material now identified by the FBI as extreme are pictures of the Gadsden flag, Betsy Ross flag, Patriot symbols, Molon Labe and a host of other historic images that are now defined as evidence of Militia Violent Extremism.

[WASHINGTON, D.C. – Aug. 2, 2022] Project Veritas released a newly leaked document today provided by an FBI whistleblower, which shows how the Bureau classifies American citizens it deems to be potential “Militia Violent Extremists” [MVEs].

In the document, the FBI cites symbols, images, phrases, events, and individuals that agents should look out for when identifying alleged domestic terrorists.

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Democrat Senator Joe Manchin wears the purple tie today as he answers questions from the DC legislative narrative engineers.  There are two videos below.  The first is a general presser with multiple members of the DC media (print journos) about the Green New Deal energy bill he negotiated with Senator Chuck Schumer. The second video is an interview between Manchin and Fox News host Harris Faulkner.

Unfortunately, in both the presser and the direct interview no one pins Manchin down on where “expanded energy production” of the bill is located.  Manchin claims there is legislative language in the deal that supports the fast domestic production of oil, coal and natural gas to meet the immediate issue of skyrocketing energy prices.  However, Manchin is a smooth operator, and he states confidence that rapid and expanded development of oil, coal and gas is part of the deal.  WATCH:

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I was unaware that monkeypox was an issue for the White House. However, today the Biden administration is proud to present a team of government officials tasked for the purpose of handling the whole of government response to the U.S. outbreak of monkeypox.

Additionally, I’m not exactly sure what a “stakeholder in monkeypox” is, but this team is in charge of making sure they have “health equity.”

WHITE HOUSE – “Today, President Biden named FEMA’s Robert Fenton as the White House National Monkeypox Response Coordinator and Dr. Demetre Daskalakis as the White House National Monkeypox Response Deputy Coordinator. Fenton and Daskalakis will lead the Administration’s strategy and operations to combat the current monkeypox outbreak, including equitably increasing the availability of tests, vaccinations and treatments.

[…]  “Bob Fenton and Dr. Daskalakis are proven, effective leaders that will lead a whole of government effort to implement President Biden’s comprehensive monkeypox response strategy with the urgency that this outbreak warrants,” said Anthony Fauci, Chief Medical Advisor to the President. “From Bob’s work at FEMA leading COVID-19 mass vaccination efforts and getting vaccines to underserved communities to Demetre’s extensive experience and leadership on health equity and STD and HIV prevention, this team will allow the Biden Administration to further accelerate and strengthen its monkeypox response.”

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The Bureau of Labor Statistics (BLS) produces a monthly report of available job openings.  The Job Openings and Labor Turnover Summary (JOLTS report) shows the number of available jobs at a captured moment in time.  This JOLTS report [DATA HERE] is a summary of the last day in June.

As you can see within modified Table-1, the number of available jobs dropped by 605,000 in this report.

Hires and separations were little changed, so too was the number of people who quit their jobs.  The big change in this JOLTS survey was the removal of available jobs.  Employers cancelling job openings.

BLS – “On the last business day of June, the number and rate of job openings decreased to 10.7 million (-605,000) and 6.6 percent, respectively. The largest decreases in job openings were in retail trade (-343,000), wholesale trade (-82,000), and in state and local government education (-62,000).”

If we monitor the JOLTS report as an indicator of employment strength reflecting the general pattern of consumers, we can see a pullback in both the goods and service sector.

Retail job openings dropping 343,000 as consumer spending tightens even more due to inflation, and now we see the service side with leisure and hospitality dropping 91,000 openings.

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There was a lot of back-and-forth hostility between the government of China and the administration of Joe Biden in advance of Nancy Pelosi’s trip to Taiwan.  Some Chinese state media even suggested a possibility that Pelosi’s plane could be shot down.  However, none of the threats materialized.

Yesterday it was obvious the White House was attempting to diffuse the aggressive grievances of Beijing when spokesperson John Kirby, technically the NSC Coordinator for Strategic Communications, made a specific statement:

“The world has seen the United States government be very clear that nothing has changed — nothing has changed — about our One China policy, which is of course guided by the Taiwan Relations Act, the Three Joint U.S.-PRC Communiqués, and the Six Assurances.  We have said — and we have repeatedly said — that we oppose any unilateral changes to the status quo from either side.  We have said that we do not support Taiwan independence.  And we have said that we expect cross-Strait differences to be resolved by peaceful means.”

Those six words, “we do not support Taiwan independence,” was a very deliberate and public assurance to China.  Essentially, the United States will not do anything to support the independence of Taiwan, do whatever you want.  Joe Biden took a knee to Chairman Xi.  As a result, Beijing dropped back their tone to traditional rhetoric saying in a statement Tuesday morning, the visit “seriously infringes upon China’s sovereignty and territorial integrity.”

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Today is a very consequential primary election day for the states of Arizona, Kansas, Michigan, Missouri and Washington. There are high profile senate races in Arizona and Missouri, and an abortion ballot measure is going to be decided in Kansas.

Additionally, a key contest between the MAGA base and establishment republicans will be determined in the Arizona governor race between Trump endorsed Kari Lake and Pence endorsed Karrin Taylor Robson. All of the manipulative media has been working in that Arizona contest, including Fox News trying to tip the scales for the professional cocktail class of republicans.

As if all that wasn’t enough, three of the House DeceptiCons who voted to impeach President Trump are being confronted in Washington State and Michigan. Representative Jaime Herrera Beutler and Representative Dan Newhouse of Washington state along with Representative Peter Meijer in Michigan are facing strong primary challenges.

Kinzinger, Kato, Gonzalez and Upton all decided to quit their seats rather than face defeat.  Tom Rice tried to get reelected but was defeated in South Carolina by MAGA republican Russell Fry.  Today, Newhouse, Beutler and Meijer are facing the voters, and then next week Liz Cheney will be on the block.  Ms Cheney is desperately pleading with Democrats to switch parties in Wyoming and save her from republican voters.

President Trump endorsed Joe Kent to face Jamie Beutler (WA, CD-03). President Trump endorsed Loren Culp to challenge Dan Newhouse (WA, CD-04), and in Michigan, President Trump endorsed John Gibbs to squish wormy Pete Meijer (MI, CD-06).  It will be interesting to watch the results tonight.

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