Treasury Secretary Janet Yellen delivered a remarkable speech today outlining “the future of the international order,” in the aftermath of the global pandemic and the current conflict in Ukraine.  Within the speech, Yellen outlines the priorities of the United States according to the current administration and the international financial mechanisms that she controls.

The speech is quite jaw-dropping when you consider the nature of her position, and the fact that she is an unelected bureaucrat within government.

As you read the speech {Transcript Here}, keep in mind she is not the President of the United States, or the commissioner of the New World Order, yet she presents herself as authorized to control the geopolitical constructs of the Biden administration.  The hubris is astounding.

Secretary Yellen: outlines the goals and objectives of the international order, predicts a concerning global famine, warns against the cleaving of financial mechanisms for international trade as an outcome of the Ukraine conflict, threatens any nation who does not support the western political alliance and outlines the need for decarbonization of the global economy.

Yellen expresses all of these powers from the position of a U.S. Treasury Secretary – the equivalent of a government financial minister.  Speech highlights with emphasis mine:

(Transcript) – […] “Russia’s horrific conduct has violated international law, including core tenets of the UN Charter—challenging countries to demonstrate where they stand with respect to the international order that has been built since World War II.  Therefore, when I speak about a changed global outlook, I’m not just talking about growth forecasts.  I’m also referring to our conception of international cooperation going forward.  

I will focus my remarks today on the significance of international cooperation in this current environment and for our future.

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U.S. Magistrate Judge Michael Harvey (Obama appointee in 2015) declined to hold the two men in jail who are accused of impersonating federal agents in Washington DC. “There’s been no showing that national security information has been compromised,” Harvey said in his decision.

If the DOJ does not appeal the decision, both men, Arian Taherzadeh, (40) and Haider Ali (35), who are also in the United States with expired visas, will be allowed bond.

(Reuters) – […] Harvey ordered both men to remain in home confinement, subject to GPS monitoring, with their parents and that they surrender their passports and stay away from airports and embassies.

[…] The judge said prosecutors did not prove the defendants tried to infiltrate the Secret Service with nefarious purposes, and noted they were so “spectacularly outed” that there is no risk anymore that they can continue to pose as agents.

Harvey said neither defendant is charged with a violent crime and neither one faces a stiff prison term if convicted – all elements that work against the prosecution’s claims they pose a danger to the community. Harvey added there have been “significantly worse and more dangerous impersonation cases” before the court in the past.  (read more)

It was also recently revealed the Secret Service tipped-off the two imposters right before they were about to get arrested.

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I want to be very careful here, because multiple people have sent me a version of this outline asking for opinion. Basically, is David Friedberg correct?

The discussion in this video surrounds farming as a construct of global caloric creation.  Meaning, with all that is taking place in the farming system on a global scale, will there be dramatic food shortages?  It is a complex issue.  In the larger picture what Friedberg, a former scientist within the Monsanto organization, explains is accurate; however, I would inject some nuanced dissension as it relates to U.S. farm production specifically.

The first four and a half minutes of the video are an accurate representation of the global state of farming, albeit with a little too much weight on the Ukraine-Russia aspect.  There was a preexisting issue long before Russia entered the picture. The price of fertilizer was already skyrocketing, Russia-Ukraine has made that already looming issue, worse.  WATCH First 04:30 minutes:

https://youtu.be/1xtGTVWrw-M

The problem described, about farmers deciding not to plant, is weighted more heavily in less developed countries where access to the financing for a future crop is not stable {AP Article Here}.  For most of the developed world farming will continue; it is the end product where prices will reflect the additional costs of bringing a harvest to market.  Bottom line, as the futures market is showing, crops will be more expensive.

There is going to be a problem in the same areas of the world where food stability and dependency is already an issue.  Yes, the convergence of current farm challenges will make those areas more vulnerable.  We do not know, to what extent.

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Joe Biden was in Iowa today attempting to justify the massive Bidenflation his economic policies have created.  As a result of Biden energy, fiscal and monetary policy, rising oil and gasoline prices are contributing to pre-existing inflation and crushing the U.S. economy.

As part of the White House plan to blame anyone and everyone except the Joe Biden policy agenda, Biden took to the microphones to blame Russian President Vladimir Putin.  However, reflecting the synergy of human and avian opinion, a bird flew overhead and pooped on him.  WATCH:

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New York Lieutenant Governor Brian Benjamin (below right) was indicted on bribery, wire fraud, and falsification of records charges.  He turned himself in for arrest and resigned within hours.

NEW YORK – New York Governor Kathy Hochul’s second-in-command pleaded not guilty to bribery charges Tuesday after being indicted for allegedly funneling illicit donations to one of his past campaigns. Benjamin entered the plea in federal court in Manhattan before being released on a $250,000 bond. He surrendered to authorities early in the morning as the indictment was unsealed, the U.S. attorney’s office said.

“While the legal process plays out, it is clear to both of us that he cannot continue to serve as Lieutenant Governor,” Hochul said in an emailed statement. (link)

According to the Washington Post Benjamin was seeking political donations and public matching funds when he enlisted the help of a real estate developer to raise money and disguise its source. In exchange, Benjamin used his official authority to try to steer $50,000 to a charitable organization the developer controlled.  A typical quid-pro-quo.

This is not going to be news to CTH readers and intellectually honest analysts.  The Bureau of Labor and Statistics has released the March consumer pricing data [DATA HERE] showing the recent surge in energy, gasoline and food costs that we have all felt.

The monthly increase of 1.3% brings the annual rate of inflation to 8.5 percent year-over-year.  However, the details tell the exact story we have been outlining for well over six months.   This is the second wave of inflation being recorded.  Grocery store prices (food at home), energy prices, and gasoline prices are all driving the inflation rate. [BLS Table 1]

Again, I modified Table-1 to take out the noise.  The data shows what we have felt for the past two months.  Working class families are feeling the pinch as their wages cannot keep pace with the increase in prices on products that are a priority.  Food, housing, gasoline, energy.

If we were using the old CPI method for analysis, current inflation would be well above 20%.

That said, there are issues also inherent and visible in the data for the non-food and energy segments, what I would call the durable goods side.  First, we are seeing the beginning of the durable good contraction getting quantified as we have previously discussed.   The prices for used vehicles, electronics, appliances and other non-critical durable goods are now flatlining, or even dropping in price.

Every indication within the economy indicates this is being caused by a demand contraction.  People are not purchasing durable goods because their disposable income is gone.  This lack of demand also shows up in wage rate suppression.  Despite high employment, wages are not rising – in part because there is excess productivity in the durable good economy.

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During his opening segment tonight, Fox News host Tucker Carlson gave a summary explanation of the horrors in Shanghai, China.  The city of 25 million residents has been locked down by the Chinese Communist Party as an outcome of their zero COVID policy. {Direct Rumble Link}

Desperate people are running out of food and have been locked in their homes from the outside by regional authorities.  The pets, including cats and dogs of residents who tested positive to the COVID-19 virus, have been confiscated and killed by the government.  The scenes and sounds from the area are very troubling as thousands of people scream into the night begging for help and mercy. WATCH:

https://rumble.com/embed/vy1dwf/?pub=4

A few more aspects to this outlined below.

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Anthony Fauci gave a warning yesterday that this was going to be the future for all of the United States.

Just in time for the Pennsylvania primary election (May 17th), Philadelphia returns to a mandatory mask mandate.  According to Philadelphia officials, effective April 18th masks “will be required in all indoor public spaces, including schools and childcare settings, businesses, restaurants, and government buildings.”

(ABC Philadelphia) – Philadelphia has become the first major U.S. city to reinstate its indoor mask mandate, following an increase in COVID-19 infections, in recent weeks.

Beginning April 18, masks will be required in all indoor public spaces, including schools, child care settings, businesses, restaurants and government buildings.

“I sincerely wish we didn’t have to do this again. I wish this pandemic was over just as much as any of you, but I am very worried about our vulnerable neighbors and loved ones. My hope that our actions today will slow the spread of COVID and help us avoid seeing our ERs, once again, gets so crowded, that people can’t get timely care when they need it,” Health Commissioner Cheryl Bettigole said during a press conference on Monday. (read more)

Many people have noted a set of common characteristics behind most mask wearers.  Philadelphia, Pennsylvania, represents a high density concentration of those characteristics.

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Catherine Engelbrecht and Gregg Phillips from ‘True the Vote’, sat down with Charlie Kirk for a lengthy interview and discussion about the 2020 ballot harvesting process that took place in multiple states.  {Direct Rumble Link Here}

True the Vote worked through a painstakingly massive data file (2 petabytes) of cell phone use to identify “ballot mules,” people who were paid by political activist groups to gather massive numbers of mail-in ballots, take them to a central facility and then drop them off in various ballot collection boxes in specific states, specific counties and approximately 71 specific precincts.  The trackable cell phone data was then matched with CCTV records to identify and document the ballot harvesting activity that took place.

The results of the data were shared with various public officers, state and federal law enforcement in an effort to document the potentially unlawful activity.  Unfortunately, the political clubs (RNC and DNC) have largely ignored the story and avoided participating in any process that would use the information to bolster security efforts for the 2022 election.  It’s a lengthy discussion with detail, but well worth the time.  WATCH:

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Take out your cell phone. Go to where you would make a call.  Type in *#06# and watch what happens.  That’s the individual cell phone data, the tracking information, that was purchased and utilized by True the Vote to create the mapping of activity.  A fascinating interview.

Another interesting aspect within the interview is the strong likelihood that after the 2020 election, federal law enforcement went through the work of obtaining cell phone tracking data of Trump supporters, then set up an electronic perimeter, a real time surveillance and monitoring system for the January 6th DC protest.  Any pre-selected cell phone that tripped the created electronic fence, would then ping the feds.  The cell phone would be matched to the physical identity of the owner, and that explains the speed of the feds to identify their J6 targets.

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She did it again. Just like in February, when Psaki (seemingly out of the blue) gave a weird proactive statement about bad economic data that was going to be released the following day {LINK}. Earlier this afternoon White House spokesperson Jen Psaki gives another proactive justification for even worse inflation data that is about to be released from the Bureau of Labor and Statistics tomorrow.

In this brief soundbite, Psaki says the March inflation data that is going to be released tomorrow is going to show “Putin’s price hikes” on U.S. consumers.  However, even within the framework of her false justification, she attempts to blame Putin for gas price increases in January, when the Russian military operations did not start until February 24th.  The inflation news is going to be really bad tomorrow. How bad?  WATCH:

https://youtu.be/tNBvUq8e2Ko

None of this will come as a surprise to CTH readers.  We noted in the February inflation data (released in March), that things were going to be much worse in the April release.  The reason was simple, the massive gas price increases were not yet matriculated in the February data, and the massive food inflation was not yet captured by the USDA component. All of that preceded Russia’s invasion of Ukraine.  None of it has anything to do with Vladimir Putin.

The inflation data that will be released tomorrow is the first visible data assembly of the second inflation wave now upon us.  Remember, inflation data lags behind the reality of the price increases. What the BLS will show tomorrow is the price results from the last half of Feb through the half of the month of March.  It will likely show the largest single month inflation increase in modern history.

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