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USDA Raises Food Price Forecast to Highest Level in 42 Years, Third Wave of U.S. Food Inflation Will Dwarf Prior Price Increases

Have you ever seen egg prices at $1 per egg range, or $12/doz?  Hold on a few months and perhaps you will.  That is the context for the scale of food price increases the USDA is now starting to predict.  The highest predicted change in food costs in well over 40 years, that’s the USDA warning in their revised May “Food Price Outlook”. [DATA HERE]

This month the USDA just re-re-revised the forward price outlook, and things are grim.  It likely doesn’t come as a surprise to many CTH readers because we have been discussing the convergence of events since October of 2021, when we first were able to predict Wave-1 (Dec/Jan), and Wave-2 (March/Apr) inflation.  However, the underlying data for Wave-3 is double the prior two phases.

Keep in mind the data is national & skewed toward low estimations as represented by (+).

When the USDA predicts egg prices increasing by 19.5 to 20.5% (from where those prices are now), there will be regions with much higher retail increases than estimated.

Just two months ago, USDA had egg inflation at 2.5%-3.5% range, year over year.  Again, that’s the scale of change; from a 3.5% forward outlook to a 20.5% forward outlook effective right now.

Food at home (grocery store) prices: up 7% to 8% in this monthly review, versus the April outlook of a rise of 5% to 6%. That means the USDA is predicting the highest grocery store price rise since 1980 when prices rose 8.1% (prices rose 7.2% in 1981).  There is no reason to think the USDA forecast will not rise again in June.

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Jury Deliberating in Michael Sussmann Trial, Judge Cooper Proactively Announces Will Not Read the Verdict Until Tuesday

Closing arguments have wrapped up in the trial of former Clinton campaign lawyer Michael Sussmann. The jury is now deliberating.  In an unusual twist, trial Judge Christopher Cooper said if a verdict arrives today, he will withhold reading the outcome until Tuesday due to prior commitments.

Despite the evidence that Michael Sussmann lied to FBI officials about the reason for him bringing the Clinton campaign manufactured false information about a Trump-Russia connection via Alfa-Bank in Trump Tower, it is highly unlikely Sussmann will be found guilty.  The reason is simply that regardless of whether he told FBI officials the material came from Hillary Clinton’s campaign; the FBI knew Sussmann was an operative of Hillary Clinton’s campaign.  It’s an issue of materiality.

Top leadership at the FBI concealed Sussmann as the Alfa-Bank source from the FBI investigators who were given the information.  Whether Sussmann lied about bringing the false evidence on behalf of the Clinton campaign was immaterial to how the evidence was handled.  Again, as CTH has said for the past two years, the background of Durham investigating the ‘outsiders’ is filled with pretending.  Even Andrew McCarthy, a defender of the institutions, outlined the FBI playing pretend as a “bad look.”

The New York Post has a solid article outlining all the pretending – “What we learned at the trial this week is that, notwithstanding Baker’s insistence that he believed Sussmann’s cover story, FBI headquarters officials fully realized they were acting on highly political information and took steps to conceal that fact.

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Authorities Investigating Retired Federal Agent Having Contact with Buffalo Shooter Before Attack

In a disturbing twist to the Buffalo supermarket shooting that left ten people dead and three more wounded, a report is now surfacing that at least one retired federal agent was in contact with the shooter during his planning and was sent a message of intent 30 minutes before the attack began.

New York – Law enforcement officers are investigating whether a retired federal agent had about 30 minutes advance notice of a white supremacist’s plans to murder Black people at a Buffalo supermarket, two law enforcement officials told The Buffalo News.

Authorities believe the former agent – believed to be from Texas – was one of at least six individuals who regularly communicated with accused gunman Payton Gendron in an online chat room where racist hatred was discussed, the two officials said.

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Very Disturbing Updates From Texas School Shooting, Gunman Fired Outside School for Twelve Minutes, Federal Marshals Blocked Frantic Parents From School Before Shooting Started

A very alarming set of updates from the Uvalde, Texas, school shooting has everyone starting to question what was previously said by authorities about the events.

The Wall Street Journal has some updated information that is extremely disturbing.

TEXAS – […] “Victor Escalon, a regional director for the Texas Department of Public Safety, said in a briefing that the now-deceased gunman, 18-year-old Salvador Ramos, lingered outside Robb Elementary for 12 minutes firing shots before walking into the school and barricading himself in a classroom where he killed 19 children and two teachers.

Mr. Escalon said he couldn’t say why no one stopped Ramos from entering the school during that time Tuesday. Most of the shots Ramos fired came during the first several minutes after he entered the school, Mr. Escalon said.  People who arrived at the school while Ramos locked himself in a classroom, or saw videos of police waiting outside, were furious.

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Democrat Candidate Beto O’Rourke Pulls Political Stunt During Texas Governor Greg Abbott Press Conference

Civility has long been removed from the current Fascist Democrats running their political operations.  During a somber Texas press briefing today, Governor Greg Abbott was informing the public on the latest information about the Uvalde school shooting.

Former failed senate candidate, and current democrat political candidate to challenge Abbott, Beto O’Rourke, having previously planned and informed the media of his intent, pulled a political stunt by interrupting the press briefing in order to make political statement advocating for a ban on firearms. {Direct Rumble LinkVIDEO:

Republican Lt. Gov. Dan Patrick said to O’Rourke: “You’re out of line and an embarrassment.”  Patrick Francis O’Rourke, as he was being escorted out, turned around, faced the stage, pointed his finger and said: “This is on you until you choose to do something different. This will continue to happen. Somebody needs to stand up for the children of this state or they will continue to be killed just like they were killed in Uvalde yesterday.”

The ultra-far-left moonbat democrats have no comprehension of sensitivity, timing or civility.  Democrat candidates like Beto represent an emotionally unstable, immature, illogical, opportunistic and violent mob of radical communists.

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Most Don’t Know it Was Andrew Weissmann Who Publicly Released the Carter Page FISA Application, Even Fewer Know Why

This has been one of the odd aspects to the special counsel investigation deployed under the nameplate of Robert Mueller.   However, with the trial of Hillary Clinton campaign lawyer Michael Sussmann bringing more curious minds to the backstories, here’s one that few people understand.

You will remember the massive media debate in early 2018 about the FISA application deployed against former short-time Trump campaign aide Carter Page.  The DOJ, at the time under the control of the Mueller special counsel for all things Trump-Russia related, wouldn’t let congress see the FISA application. Devin Nunes complained to House Speaker Paul Ryan.

Eventually a deal was struck and two members from the House Intelligence committee (democrats and republicans) and two members from the House Judiciary Committee, were allowed to go to Main Justice and read the FISA application, but not copy it.  Four congressmen were allowed to go read and take notes. Trey Gowdy and John Ratcliffe represented the two republicans, and their notes formed the basis for what later was called “The Nunes Memo.”

The Democrats were not happy with the claims in the Nunes memo, and subsequently HPSCI ranking member Adam Schiff wrote the democrat version.

Both of those sets of memos then needed to be declassified, more delays, before they could be made public.  For weeks and weeks, the Nunes -vs- Schiff memos were debated by both sides, with each saying their version was the truth and the other party’s version was spin and/or false.   All of this was happening in January, February and March 2018.

Then, later in the summer, something really weird happened.  Main Justice completely reversed position on keeping the FISA application secret, and for the first time in U.S. history a top secret classified Title-1 FISA application was released to the public (with redactions).

People were so filled with curiosity about the Carter Page FISA application that few, heck, almost no one, stopped to ask why it was released?  Why the sudden secrecy reversal by the DOJ?

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Mitch McConnell and Chuck Schumer Team Up to Expedite Finland and Sweden Entry into NATO

The preparations and proactive moves to establish the global cleaving are being carried out by Wall Street globalists, the World Economic Forum and the various western politicians who align with the objective.  The opinion of the citizens within each nation are irrelevant to the decisions of the leaders.

Fundamentally, the big picture dynamic is to create a global network of allied nations based on one overarching principle, energy and human control through the carbon trading platform.  There are multiple moving puzzle pieces, but one big dynamic. Western government leaders are cleaving the world into two economic systems.

One economic system will be based on traditional energy as the underpinning of the economy.  One system will be based on renewable energy, with climate change agenda as the overarching basis for all of their economic shifts.  Pressure from within traditional alliances like the G7, G20, NATO etc, will create the wedge.  Terms like Build Back Better, Green New Deal, Paris Treaty Accords, and other reference points are part of this cleaving agenda.

Each nation will eventually have to make a decision about which team they will join.  The entry of Finland and Sweden into the NATO alliance is only one part of this dynamic.

WASHINGTON – Senate Majority Leader Charles Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.) plan to present a resolution that will press the Biden administration to rush the paperwork for Finland and Sweden to join NATO.

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Biden Admits U.S. Gas Prices Driven by Incredible Transition Away from Fossil Fuels

During a joint press conference held in Tokyo, Japan, held by Joe Biden and Prime Minister Fumio Kishida, Biden was asked about the financial pain Americans are feeling with massive increases in gasoline prices.

Outlining how his energy policy is directly related to the gasoline price, Joe Biden said: “Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over.” Yet again proving the intent of the administration is to implement the ‘Green New Deal’ through executive action.  WATCH:

https://youtu.be/s3mtbvZdpEA

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This admission is akin to former President Obama saying, “energy prices would necessarily skyrocket” in order to achieve the goals of the administration.

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With $40 Billion Secured, Zelenskyy Says Ukraine War Must be Solved Through Diplomacy and Negotiations

Heh, it’s almost as if Team Zelenskyy read the tea leaves inside the New York Times editorial opinion recently [SEE HERE] that warned Joe Biden he better get to a negotiated peace deal quickly or the administration will look even worse than it already does.

Two days after the New York Times editorial board says, “it is still not in America’s best interest to plunge into an all-out war with Russia, even if a negotiated peace may require Ukraine to make some hard decisions; and the U.S. aims and strategy in this war have become harder to discern, as the parameters of the mission appear to have changed,” now Zelenskyy is saying he needs to enter diplomatic talks with Russia.

(BBC News) – The war in Ukraine can only be resolved through “diplomacy”, President Volodymyr Zelensky has said. Speaking on national TV, he suggested his country could be victorious against Russia on the battlefield. However, he added that the war could only come to a conclusive halt “at the negotiating table”.

Meanwhile, heavy fighting is taking place in and around Severodonetsk, as Russian forces step up efforts to seize the whole of the Luhansk region.

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Sunday Talks, Kash Patel Gives His Review of Sussmann Trial Revelations

Kash Patel, a well-known figure in the background of ‘Spygate’, is usually a little bit too heavily invested in the rose-colored glass business for my tastes.  However, that said, if you need a shot of hopium to help get you through next week, Kash has the stash.

Appearing with Maria Bartiromo, Kash Patel gives his opinion of the Sussmann trial so far, while selling the trusty planner narrative in the second segment.  {Direct Rumble Link 1} and {Direct Rumble Link 2}  – WATCH:

Part II Below:

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