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September Consumer Price Index Shows Inflation Continuing to Rise More Than Expected, Fed Raising Rates Having No Impact Because it is NOT Demand Side Inflation

The Bureau of Labor and Statistics released the September Consumer Price Index (CPI) today [DATA HERE].  The financial and business media call the continued rise of consumer inflation “unexpected,” however, the results are not a surprise to those who are not pretending.

This CNBC headline highlights the economic pretense still entrenched: “Inflation increased 0.4% in September, more than expected despite rate hikes.”  Those who are not pretending fully understand the economic dynamic, but you will not find reality expressed by the mainstream media.

FED rate hikes can only impact the demand side of the inflation issue. U.S (and global) inflation is NOT the result of excess demand. It has not been driven by demand for over a year.  The root cause of inflation is on the supply side. That root is grounded in the energy policy making everything entering the marketplace more expensive.

The historic rise in energy prices; the result of Joe Biden’s specific energy policy to limit oil, gas and coal as energy resources; are what have driven inflation throughout the economy.  The monetary policy (Fed policy) continues to pretend this dynamic does not exist.  The FED is trying to support the political policy, but the bloom is off the ruse.

Overall inflation increased 0.4% in September, leading to a result of 8.2% year over year.  Food and energy prices continue driving inflation, additionally core inflation (everything except food and energy) continues to be driven by the originating issue of extreme energy costs.

Everything costs more because energy costs more.  That is the reality of this inflation issue.

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Real Average Hourly Wages Continue to Decline as Inflation Destroys Economy and Now Hours Worked is Contracting

The Bureau of Labor and Statistics (BLS) released the September wage report [DATA HERE] delivering worse economic news for workers.

Real wages are dropping at a historic rate as inflation continues to rise and as a result wages buy less.

[BLS] “Real average hourly earnings decreased 3.0 percent, seasonally adjusted, from September 2021 to September 2022. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.8-percent decrease in real average weekly earnings over this period.” (link)

REAL WAGE CHART:

As the Biden economic/energy policy and Federal Reserve monetary policy merge together, the economy shrinks.  As the economy shrinks, fewer goods and services are purchased.  As less consumer goods are purchased, employment hours drop.  As employment hours drop, wages decline.

Declining wages combined with increased inflation forms the perfect storm against middle-class and working-class families.  This dynamic means lowered income and higher prices for essential goods and services like food, fuel, energy and housing.  It’s not difficult to see why this is happening.

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Leading Edge of Field to Fork Inflation Starts to Arrive in September Producer Price Index

The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released September price data [Available Here] showing another 8.5% increase year-over-year in Final Demand products at the wholesale level.  However, that’s not the bad news in this data.

While the overall September PPI was higher than expected at 0.4%, the Final Demand Producer Price for food products in September was a whopping 1.2% (14.4% annualized).

The BLS notes the driver by saying, “a major factor in the September increase in prices for final demand goods was a 15.7-percent advance in the index for fresh and dry vegetables. Prices for diesel fuel, residential natural gas, chicken eggs, home heating oil, and pork also moved higher.”

That’s a 15.7% increase in price, in one month, for fresh and dry vegetables.  Annualized that’s a rate of price increase of 188.4% for vegetables.   Remember the warning about farm costs (energy, fertilizer, fuel) driving field to fork inflation at harvest?  This is the leading edge of that third wave of food price increases.

I have modified BLS Table-2 to focus specifically on food costs.  The data is on left.

You will note that ‘row crops’ are the big drivers along with grain and seed products.  This is exactly as we predicted it would be because those specific farming costs are the ones with greatest increase from energy, fuel, fertilizer, weed and insect control, and diesel costs.

All of those higher costs have been growing in the fields and will now surface at harvest.   The higher farm costs transfer from the field to the fork via the food supply chain.  This is only the leading edge of the price increase.

In October 2021 we first warned of the food price increases coming in distinct waves.  The first was Jan, Feb and March 2022.   The second wave was May through July 2022.  This third wave will be bigger than the first two and starts arriving this month, October 2022.

People laughed at me when I said in late 2022 eggs were going to reach .50¢ EACH ($6/doz).

Well, in September the price of fresh eggs jumped 16.7% in a single month.  That’s an annualized rate of price increase for eggs over 200%.

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Behind the Scenes of World War Reddit

On February 24, 2022, Deputy National Security Advisor and Deputy Director of the National Economic Council, Daleep Singh, told the world what to expect about the U.S. and allied response to the war in Ukraine.  We called the white house strategy “World War Reddit.”  Here’s what Deputy NSA Singh said:

…”Strategic success in the 21st century is not about a physical land grab of territory; that’s what Putin has done.  In this century, strategic power is increasingly measured and exercised by economic strength, by technological sophistication and your story – who you are, what your values are; can you attract ideas and talent and goodwill? And on each of those measures, this will be a failure for Russia.”  ~ Deputy National Security Advisor Daleep Singh

Deputy National Security Advisor Daleep Singh boiled down geopolitical power to a cultural issue of social likeability.  Realize that what he said is the White House strategy leading our foreign policy.  That strategy is why the White House enlisted TikTok influencers for their Ukraine effort [link].  Remember, the State Dept is also leading this effort.  That is the context for this video. WATCH:

That’s why we called it World War Reddit eight months ago.  Where the State Dept was going with this “war” was obvious.

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Biden Threatens Saudi Arabia for “Siding with Russia” Over OPEC Oil Production Cuts

The global economic cleaving continues.  Western allied nations are intentionally shrinking their economies to meet intentionally lowered energy production, ie ‘the green new deal’.  However, as the phrase is used, “managing the transition to the green energy economy” still requires the use of oil and gas no longer being generated within the same western allied nations.

As a result of this self-serving and ideological dynamic, any foreign oil provider who restricts the western nations from having access to cheap imported energy is viewed as an enemy.  The U.S. and western alliance forbid domestic development of oil, coal and gas, but the U.S. and western alliance still need oil, coal and gas.  This is the backdrop for Biden creating a dependency on foreign oil and being angry at Saudi Arabia for lowering production. {Direct Rumble LinkWATCH:

The era of great pretending continues.

In this example Jake Tapper pretends not to know that Biden’s policy to block U.S. oil development has made the U.S. vulnerable to foreign oil decisions.  Saudi Arabia is the bad guy for limiting oil production, but Joe Biden is not confronted for limiting U.S. oil production.  It’s a media game of pretending not to know things.

In a semi related note, do not forget the connections.  NYT/Politico are used for FBI/DOJ narratives.  The Washington Post is used for CIA/IC narratives, and CNN is used for State Dept narratives.   The US State Department is conducting the war operations in Ukraine which is the core issue in the CNN interview above.

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During Trial Senior FBI Analyst Admits Agency Offered Dossier Author Chris Steele Up to One Million Dollars to Prove Authenticity of Claims

The legal case brought by prosecutor John Durham against Igor Danchenko is predicated on the notion that Christopher Steele’s source for his dossier willfully and intentionally lied to the FBI, and therefore Danchenko is guilty of purposefully misleading FBI investigators assigned to the Trump-Russia/”crossfire hurricane” investigation.

Transparently everyone knows the FBI were not duped by Danchenko and records indicate Danchenko told them the Steele dossier was full of fabricated nonsense. Additionally, to keep the revelation of the dossier as nonsense hidden, the FBI hired Danchenko as a confidential human source, technically shielding him from being questioned or exposed.  The FBI decision to hire Danchenko was to keep the fraudulent dossier useful for their Trump targeting operation.

So, what’s going on?

This is where John Durham is doing two things: (1) He is protecting the corrupt DOJ and FBI institutions by not investigating any government action; and yet, (2) Durham is exposing corrupt FBI and DOJ action through his court filings and cases.  Yesterday Durham provided more evidence of just how corrupt the FBI was in the lead-in to the 2016 election.

FBI supervisory analyst Brian Auten testified Tuesday that Hillary Clinton’s contracted opposition researcher, Christopher Steele, hired by Fusion GPS to dig up dirt on Donald Trump, was offered up to $1 million by the FBI in early October 2016 if Chris Steele could prove the claims within the Trump dirt dossier he authored.

Steele was never paid the money because he could not prove the claims within the dossier, nor would he give up the name of the primary source for the information, Igor Danchenko.  However, despite the FBI knowing the dossier could not be proved, validated or verified, later that same month they used the dossier as evidence to support a Title-1 FISA warrant against former Trump campaign aide, Carter Page.

The details provided by Durham only prove the researched outline we made almost 5 years ago.

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Florida Surgeon General Dr. Joseph Ladapo Discusses His Decision to Recommend Against COVID-19 Vaccines for Young Adult Males

On October 7, the Office of Florida’s Surgeon General Joseph A. Ladapo, MD, PhD, issued an announcement recommending “against males aged 18 to 39 from receiving mRNA Covid-19 vaccines.” [link] This created quite a stir as his advice goes against the recommendations of the Centers for Disease Control and Prevention (CDC) and numerous other scientific organizations.

Dr. Ladapo cited a Florida health dept study showing an 84% increase in the incidence of cardiac-related death among males 18-39 years old within 28 days following mRNA vaccination.  Immediately Dr. Ladapo became a target by federal officials, big tech and defensive media.  {Direct Rumble Link}  Dr. Ladapo appeared on Tucker Carlson last night to discuss.  WATCH:

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U of F Students Protest Against Nebraska Senator Ben Sasse as University President

Students from the University of Florida (Gators) showed up to protest against the installation of Nebraska Senator Ben Sasse as their university president.

According to the Tampa Bay Times, “the protesters made five demands. They wanted Sasse to decline the president’s job and the UF board of trustees to release the names — thus far withheld — of all 12 people they had interviewed for the post. They also demanded more transparency during the selection process and the repeal of a new Florida law that makes presidential searches at state colleges and universities largely secret.” (more)

Everyone in Florida knows Governor Ron DeSantis cleared the field for his friend Senator Ben Sasse.  As noted by Politico: “Sasse’s sherpa through the university search process was Gov. Ron DeSantis’ chief of staff James Uthmeier, who was put in contact with Sasse several months ago after he quietly expressed interest in becoming UF president.“ (link)

Senator Sasse is a never Trumper reelected in 2020 and his term doesn’t expire until 2026.  Sasse is expected to depart this year and the Nebraska governor will make an appointment to fill his senate seat.

…”Nebraska Gov. Pete Ricketts would then appoint a replacement for Sasse under state law, with the seat then up for a special election in 2024. One of the people familiar with Sasse’s plans said Ricketts himself is viewed as a potential appointee for the seat.”

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Report, Durham Wrapping Up

After several days of research interviews in a locked down and closed Washington DC, in the spring of 2020 I sat alone in a hotel room and pondered how to boil down the essence of the most critical information into one question.

Multiple days of questions and contacts accompanied three years of background research and 600+ pages of retrieved open-source citations sat on the table in front of me.  The exact same material was organized into two assemblies.

•The first set was organized in the timeline for when the documents were released or became public.  •The second set was the result of taking the documents and putting them into the chronological order of when the events took place.   As I stared at it, the answer became obvious…

Ask people a simple question, “what was the purpose of former FBI Director Robert Mueller’s two-year probe?

Returning to those same discussions and going back into the individual silos, that new question was asked, “what was the purpose of Mueller?”

The responses showed the reality.

Every single person in Washington DC, across the broad spectrum of institutions from all branches – including media, would speak plainly that Mueller’s team objective (from May 2017 to April 2019) was to use the authority of his appointment to block any review of the preceding events he was presumably investigating.

Yes, in private conversation everyone stated a similar core truth, Mueller was the tool for DC to protect itself against accountability.

That reality was a bitter pill to swallow, because accepting that common response in private stood in contrast to those same voices talking publicly about the honor and respect of Robert Mueller.  The charade was clear.

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Connecting Things – Konnech Election Compromise, CCP Infiltration, CEO Arrest, True The Vote and Recent Deep State Misinformation Efforts

Major Hat Tips to Rasmussen [link], Kanekoa News [link] and Catherine Englebrecht of True the Vote [link].

CTH often says don’t get so close to any granules that you miss the big picture.  Rasmussen Reports has drawn attention to that big picture, the timeline tells the story, and with recent announcements about ‘misinformation’ and ‘disinformation’ triggers, it is worth putting the details of the entire dynamic into context.  I would consider all these issues easily connected.

First, it is important to note how the public impression is constructed using the affiliations and relationships CTH continually points out.  When the FBI/DOJ need to get out in front of an issue they use the New York Times (and Politico) to establish the defensive and offensive narrative.   [The State Dept use CNN, and the CIA use the Washington post] These are constants in an ever-changing world of information warfare.

♦On October 3rd New York Times journalist Stuart Thompson writes a hit piece against Catherine Englebrecht and True The Vote, written to cast their election review efforts as conspiracy theories. [link]

♦24 hours later, October 4th, the CEO of  Konnech – a company specializing in proprietary PollChief software to manage election workers – was arrested. [link] Konnech Corporation Chief Executive Officer Eugene Yu was arrested for exploiting access to U.S. election data, including election worker information, and transferring the files to China.

I guarantee journalist Stuart Thompson was used as a tool by FBI officials who knew the arrest was forthcoming.  Essentially, the arrest of Eugene Yu was based on the exact claims of Chinese datamining that Catherine Englebrecht and Gregg Phillips had been outlining since late 2020.  [link] The FBI was/is working to diffuse the truth of U.S. election compromises that True the Vote has been outlining.

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