This is epic. This is like listening to Grandpa rail against the Federal Reserve and central banks without realizing the motive behind what the Federal Reserve and central banks are doing.   This is the best example to date of the misconception behind ‘The Great Pretending.’

U of Penn, Wharton Business School professor of finance, Jeremy Siegel, rails against Jerome Powell and the central bankers for raising interest rates into a collapsing western global economy.  Everything, everything he outlines, is essentially accurate about the damage being done to western economies. …. Except the biggest realization and acceptance is missing…. It’s being done by design.  The people he outlines are not making a mistake, they are doing it on purpose.  First, WATCH:

The U.S, EU, CA, AU and western economic central bankers did not respond sooner to the inflation crisis (2021) because the central banks were waiting for the politicians in their systems to establish the energy policy that their pre-planned action was intended to support.  [<- Reread that if needed].

Once the collective Build Back Better/Climate Change energy policy was established (2021), and after the resulting inflation created the justification for the central bank action, then -and only then- did the central bankers trigger the next phase of raising interest rates (2022) to reduce western economic activity and support the Build Back Better agenda.

All of this was by design.  None of this was by mistake.  The process, strategy and timing were all part of the Build Back Better agenda.  Purposefully created inflation, the result of the energy policy, was planned and used by the central banks to justify the rate increases.  It was a self-fulfilling prophecy built into the Build Back Better roadmap.

Now these ‘bankers’ are trying to collapse the economy to meet the reduction in energy production.  The bankers are supporting the political motives of the politicians.  This is all intentional.  Jeremy Siegel misses this core and fundamental aspect.   However, some of the lesser ideological western leaders (politicians) are starting to get ‘cold feet.’

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Tonight President Donald J Trump is holding a Save America Rally in Wilmington, North Carolina.  The venue is the Aero Center at Wilmington International Airport and President Trump is scheduled to deliver remarks at 7:00pm ET.

President Trump, is traveling to North Carolina to support Ted Budd, Republican Nominee for U.S. Senate from North Carolina, and the entire North Carolina republican ticket.  Rumble livestream Links Below.

RSBN Rumble Livestream – Trump Campaign Rumble Livestream – Alternate Rumble livestream

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The DeSantis Crew, formerly the 2016 Cruz Crew, is up in arms over a selectively edited soundbite from Jared Kusher, President Trump’s son-in-law. {Direct Rumble Link}

Florida Governor Ron DeSantis went shopping for South American aliens at an El Paso migrant processing facility in Texas.  The DeSantis people took the aliens to a hotel with plans to fly them to Delaware, Joe Biden’s home state.  However, facing backlash over the legality of spending Florida funds on a previous operation to move Texas migrants to Martha’s Vineyard, the DeSantis team abandoned the recruited Venezuelan aliens at the hotel, leaving them confused and stranded.

Jared Kushner noted in a Fox appearance that he did not like the approach of recruiting, manipulating and using arriving aliens as political pawns.  Immediately the DeSantis supporters pulled an 8-second soundbite from a one-hour Fox News appearance and proclaimed Kusher was criticizing Ron DeSantis, which in the world view of Team DeSantis makes Kushner an enemy.  However, the full statement with context is not controversial at all, and in my opinion Kusher is correct.  WATCH:

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The fact that Ron DeSantis sent people to Texas to recruit aliens from an El Paso processing facility with the promise of a flight to Delaware, then abandoned them when the political heat started, literally leaving them at the hotel confused and waiting for a bus that never arrived, shows the operation itself was using aliens as “political pawns,” and it is unseemly.

The DeSantis people can try to spin this against Kushner, but the outrage should really be toward the people working for DeSantis who pulled this stunt.

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National Grid and Eversource are the two major electricity providers for Massachusetts. Both companies have notified the Department of Public Utilities (DPU) that rates for electricity are about to skyrocket.

National Grid has announced a 64% increase in electricity rates effective November 1st. While Eversource is on a different schedule, they too have announced an increase in natural gas rates of 38% on November 1st and the January 1, 2023, electricity rate will be announced in the next few weeks. Eversource is anticipated to announce a similar rate increase to National Grid. WATCH:

Both major power companies rely on natural gas to create electricity.  Thanks to Joe Biden’s energy policies, which includes the massive export of natural gas in LNG form, domestic prices for natural gas have skyrocketed and will continue increasing as production is further shut down by regulation.

We are helping the EU survive their sanction driven energy crisis by sending them natural gas (LNG format), while simultaneously forcing Americans to pay more in order to maintain the EU export.   Everything about the process is FUBAR.

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With most financial media being intentionally obtuse with the Biden economic impact upon Main Street, it is refreshing to see analysis that cuts to the heart of the matter.  HatTip to ZeroHedge who provides a link to a great article outlining reality for blue and white-collar working families.

The folks at NerdWallet have taken the inflation date from the Bureau of Labor and Statistics (BLS) and applied the math to real life.  The result is a good encapsulation of checkbook economics and how the Biden economy is painful for the working class.

In total, Joe Biden’s energy policy driven inflation has added $961/month to preexisting expenses.  That’s $11,532 a year just to retain the status quo standard of living.

(NerdWallet) – […] In all of 2020, American households spent $61,300, on average. This number includes everything we spend our money on: housing, food, entertainment, clothing, transportation and everything else. In 2022, it stands to reach $72,900, a difference of more than $11,500 if consumers want to maintain the same standard of living. Keep in mind, this is an average, a number that represents an approximation across all Americans, but one that’s exact to a very few. Those who earn (and therefore spend) more will see more dramatic dollar increases. Those who earn less may see less dramatic dollar jumps, but the impact of these rising prices could be more significantly felt. (read more)

If the average household spent $61,300 and inflation is adding $11,500 to the expense, that means we now have to spend 18.7% more just to maintain the current standard of living.  That average is in line with what we are seeing in the real world.

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On August 8, 2022, the FBI conducted a raid on President Trump’s home in Mar-a-Lago.  Tonight, Sean Hannity invited President Trump on to his television show so the former President could listen to him talk about it. WATCH:

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President Trump also discussed the New York AG civil lawsuit against him and his family.

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The 11th Circuit Court of Appeals has ruled in favor of the U.S. Dept of Justice, National Security Division, and blocked the lower court order instructing the Special Master to review the DOJ claimed, “classified documents.” [pdf Ruling Here]

Essentially the order of the appellate court is based on the DOJ calling the material “classified” and “vital to national security”, and the court’s determination they have no authority to question the decision of the executive branch when it comes to matters of national security.

The court (judicial branch) openly states they defer to the DOJ (executive branch) as to any/all claims of harm to national security that may be caused by a review of documents the DOJ-NSD determine, on their own authority, to be identified as classified (sensitive, secret or top-secret).

Therefore, if the DOJ states sharing the “classified documents” with a special master may harm national security, the court must accept that position without challenge.

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Federal Reserve Chairman Jerome Powell announced another 75-point increase in federal interest rates today. This is the third consecutive 0.75 percentage point increase.  Additionally, Fed policymakers have pledged to continue raising rates as high as 4.6% in 2023.

While Powell walked through his reasoning to continue targeting inflation by lowering consumer demand, not once in any of his remarks did he mention energy policy driving up the cost of materials and goods.  The Great Pretending continues. WATCH:

The Fed chair is trying to manage the economic policy transition by reducing economic activity to match intentionally diminished energy supplies.  Lowering economic activity drops demand for energy. Unfortunately, as admitted by Powell on August 26, 2022, in Jackson Hole, this means a period of “some pain” for Americans as the central banks join together in an effort to lower consumption.  (more…)

The king of manipulating Wall Street shorts is Citadel founder Ken Griffin.

The Wall Street hedge fund billionaire has made most of his money betting against Main Street stocks and then manipulating their downfall to reap the rewards.

Griffin is despised by small investors, especially the Reddit WallStreetBets group who went head-to-head against the titan in the Gamestop and Robinhood story {backstory}.  Recently Griffin moved his financial HQ from Chicago to Miami after giving Florida governor Ron DeSantis $10 million for his reelection effort.

Bloomberg News reported earlier today that Ken Griffin has said he is open to taking the position of U.S. Treasury Secretary after he is successful installing Ron DeSantis as the 2024 presidential winner.

[New York] – […] Griffin also revealed that he would be open to serving as Treasury secretary in a Ron DeSantis administration if the GOP governor of Florida decides to make a bid for the White House in 2024.

He told Bloomberg that he “will definitely be involved in the presidential race” and that he would consider moving to Washington, DC, if called upon to do so by a Republican president. (link)

There are trillions at stake…

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“Hoffman Estates” is a Chicago area location containing an abandoned furniture store and warehouse.  The Obama Foundation leased, then re-upped the lease, to use the facility to store all the paper documents from the Obama administration {Location Link}.

The Obama administration told the National Archives and Records Administration (NARA) they were going to upload the documents into a digital form for use in the Obama library.  The paper documents were, still are, held at the Hoffman Estate warehouse while this digitization process took place.  It should be noted, the Obama Foundation has never digitized the records, hence they renewed the warehouse lease.

Contrast against the DOJ-NSD legal position about classified records held in the secure facility of Mar-a-Lago, a 2018 letter {Obama.org pdf here} from the Obama Foundation to the NARA is an example of the two-tiered selective justice system.  Within the 2018 letter the Obama team admit to storing both “classified and unclassified” documents at the warehouse: [Page #2, bullet-point 7]

[Obama.Org pdf]

Obviously, there were no raids on Hoffman Estates from the FBI to secure the classified documents.  Nor did the DOJ National Security Division trigger a criminal investigation of President Obama for holding documents, particularly classified documents, against the interests of the NARA while they “digitized them;” a process, which again should be noted, never even began.

The intent of sharing this information is just to highlight the political dynamic within the NARA, DOJ and FBI as it pertains to selective enforcement of presidential records.

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