The inflationary impact to any specific country is directly proportionate to the scale of the government intervention in the COVID lockdown spend.  Almost all of the nations who deployed the WEF program are in the same inflationary position.

The U.S., U.K., New Zealand, Australia, Canada and the EU, within which Germany is the largest economy, all followed the WEF spending instructions.

(Germany) – According to the German Retail Association (HDE), consumers should prepare for another wave of price hikes for everyday goods and groceries.

Even before the outbreak of war in Ukraine, prices had risen by about five per cent “across the product range” as a result of increased energy prices, HDE President Josef Sanktjohanser told the Neue Osnabrücker Zeitung on Friday.

With Russia’s invasion hitting economies and the supply chain harder, yet another series of price increases is on the horizon. “The second wave of price increases is coming, and it will certainly be in double figures,” Sanktjohanser warned. (read more)

Every time the supermarket checkout rings, a yellow vested rebel is created.

During a speech to highlight the administration’s ongoing effort to battle COVID-19, today Joe Biden said:

WHITE HOUSE – […] “Congress hasn’t provided enough money to keep purchasing these monoclonal bo- — antibodies.  We’ve had to cancel planned orders and cut the supply we’re sending to the states.  Without more funding, we’ll start to run out of them by the end of May — the end of May.  We’ve also had to scale back our plan to purchase more preventive therapies for Americans who are immunocompromised — critical tools to protect the most vulnerable among us.  Without more funding, we risk running out of the supply by this fall.” (link)

Approximately 3 minutes after making that speech, the White House provided a readout from a telephone call between Joe Biden and Ukrainian President Volodymyr Zelenskyy that took place shortly before the speech:

WHITE HOUSE – “President Biden informed President Zelenskyy that the United States intends to provide the Ukrainian government with $500 million in direct budgetary aid” (link)

We the People are in an abusive relationship with our government.

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This is beyond ridiculous.   Senate Minority Leader Mitch McConnell announces a $14 billion Ukraine aid package will come over from the House of Representatives inside a massive Joe Biden Ominbus spending bill, because there is no budget process being followed.

The Democrats know the Senate Republicans want to send Ukraine a bunch of money to continue funding the graft, kickback and payment schemes used by the Senate in order to enrich their donors and families.  So, Nancy Pelosi takes the massive Omnibus spending bill to fund the Biden agenda and inserts the $14 billion Ukraine package she knows the Republican Senators will vote for.  WATCH:

It’s a typical UniParty manuever.  The Republicans cannot be seen on record funding Biden’s agenda, so wink-wink, nod-nod, adding the Ukraine aid gives the Republicans political cover.  Mitch, and the DeceptiCons,will now say they had to vote for Biden’s massive spending Omnibus because it’s the only way they could get the money to support the babies in Ukraine.

A vote against the Joe Biden massive Omnibus spending package is a vote to kill the Ukrainian people by not sending them $14 billion.

House Democrats shut down the government over President Trump’s buget request for $10 billion to build the southern border wall, but House Democrats can prioritize $14 billion in deficit spending to protect the borders of Ukraine.   See the agenda?

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West Virginia Senator Joe Manchin appears to be done with the badgering and pressure over the Build Back Better legislation.

Politico reports the discussions between Senator Manchin and the White House are at a stalemate, with the White House saying “things are going poorly.”  Meanwhile, the New York Post is reporting that Manchin finally exploded on communist stenographers who have been continually hounding him for the past two months.

Senator Joe Manchin on Wednesday angrily shouted at reporters to go away — telling one, “You are bulls–t!” and “I’m done!” after he was peppered with questions about his reluctance to support President Biden’s mammoth social spending bill.

“I’m not negotiating with any of you, OK?” the West Virginia Democrat said as reporters followed him around Capitol Hill. 

Eventually Manchin added, raising his voice: “You guys, let me go. This is bulls–t. You are bulls–t! OK? I’m done! I’m done! God Almighty.” (link)

The communist guerillas never relent, they just modify their attack angles to keep pushing forward.

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There’s a lot of convoluted internal stuff, but essentially Mitch McConnell is going to set up a process for Democrats in the Senate to raise the debt ceiling by themselves.

Mitch will enlist the usual Decepticon suspects to change the senate rules, for one-time only, allowing democrats to raise the debt ceiling without having to enter negotiations and concessions for anything republican lawmakers want (like eliminating the Biden spending bill).

McConnell will need nine more republicans to change the process, but it looks like he’s going to be successful.

This will permit Democrats to raise the debt ceiling by approximately $2 trillion, so they can continue debate on Biden’s Build Back Better bill.   Yeah, Uniparty gonna Uniparty.

WASHINGTON DC – […] The Senate minority leader spent Tuesday selling his members on a convoluted strategy that would require at least 10 Republicans to approve legislation that would later allow Senate Democrats to raise the debt ceiling by a simple majority vote. After a leadership meeting and a Senate GOP lunch, McConnell said he’d done enough work to clinch the deal in a vote expected on Thursday. (read more)

So the Senate DeceptiCons will *claim* to be against the multi-trillion ‘Build Back Better’, fundamental change, spending bill.  Yet they will have facilitated the Democrats not having to negotiate or eliminate anything inside the BBB bill, by removing the leverage of the debt ceiling raise.  Yep, Uniparty gotta Uniparty – all courtesy of the DeceptiCon caucus.  I hate them.

President Donald Trump notes the Mitch McConnell nonsense in a statement:

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West Virginia Senator Joe Manchin held a press conference moments ago to say he’s done with the insufferable chicanery within the legislative social spending bill, also called the “human infrastructure bill” or Biden’s “build back better” bill, or the “reconciliation bill”.

Nancy Pelosi has been sitting on the previously passed $1.5 trillion infrastructure bill that was passed by the House and Senate {Go Deep} but has refused to allow a vote until a bigger social spending bill -constructed using the reconciliation process to radically change the U.S. by the AOC radical communists in congress- can be attached.  For months the debate over how far the communists can push the social spending package has been argued and debated, today Joe Manchin tapped out.

Manchin has done today what he was always likely to do, and two issues triggered today as his moment.  The cherry in his construct is Biden’s current location. WATCH:

Now, let’s get to the politics of why Manchin is making his move….

It is not coincidental that Manchin makes this statement today, as the NBC poll showing massive drops in support for Joe Biden is being discussed widely.  Manchin knows he is sitting in a spotlight of an inflection point; Manchin is politically astute and cunning to the ways of politics.  Manchin comes across as meek and mild-tempered, a man of reasonable disposition… but that doesn’t accurately portray his cunning.  This is his chance to make a big move.

Senator Joe Manchin also knows that Democrats are going to implode as the Obama allied communist puppet masters behind Biden have a one term agenda to exploit their control over the dementia patient currently occupying the White House.  Manchin knows the collapse of the Democrat Party is his opportunity; he also knows THE REALITY behind the released Marist Poll [data here] showing a majority of non-communist Democrats want nothing to do with the senile occupant of the White House.

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The New York Post has an excellent expose’ [See Here] showcasing just how manipulative the legislative tricks are within the mega-trillion dollar human infrastructure and Build Back Better bill.

As anticipated by most political observers, the Democrats are using budgetary tricks to avoid the Congressional Budget Office putting a real price tag on their legislation.  The article is easy to understand even though the legislative tricks are far beyond anything any congress has ever attempted.

(New York Post) – After months of criticizing Sens. Joe Manchin and Kyrsten Sinema for balking at the original $3.5 trillion price tag, congressional Democrats are finally accepting reality and paring President Biden’s social welfare package to between $1.5 trillion and $2 trillion over the decade.

Does this mean they are responsibly removing the bill’s worst provisions and crafting fiscally sustainable legislation? Of course not!

Instead, welcome to the gimmick Olympics, where progressives are using classic accounting tricks to hide the true cost of the bill.

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The Democrats control the White House, the House of Representatives and the Senate.  If Democrats want to raise the debt ceiling they can do so at any time.  However, because media provides them cover; and because the larger American electorate do not seem to understand how Congress works; the White House is attempting to blame Republicans for Democrats not wanting to raise the debt ceiling.  The insanity continues….

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Watch the media jackels go nuts during this press gaggle as Senator Joe Manchin announces he will not support the $3.5 trillion “human infrastructure” spending bill, effectively crushing the AOC caucus hopes of extreme progressive victory.  Previously unknown, in July of this year, Joe Manchin and Majority Leader Chuck Schumer came to an agreement to start debate on the budget reconciliation “no earlier than October 1, 2021,” with a topline of $1.5 trillion, according to a copy of the agreement obtained by POLITICO. 

With Manchin sticking to his previous statements to Chuck Schumer, the media have devolved into a high school clique where wokeness and progressive bona-fides determine the social strata of each journalist.  When Manchin announced he would not support, and effectively negotiation was over, the 50 media present attacked the senator like mini-AOC piranhas.  Eventually Manchin had to just tell them, “Hey look, I’m not a progressive”… and yet, they continued.  WATCH:

https://youtu.be/GZWQ8YGzZbQ

(Politico) […] The discussions come as President Joe Biden’s domestic agenda teeters, with the fate of the bipartisan physical infrastructure package unclear in the House and moderates like Manchin and Sen. Kyrsten Sinema (D-Ariz.) still engaging in negotiations with the White House over the social spending plan. (read more)

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Well, well, well…. though financial media will say this is remarkably unexpected, it is something CTH specifically predicted we would see – and it is happening exactly on the timeline CTH anticipated.

The Bureau of Labor Statistics releases the second quarter national wage rate data today {BLS DATA HERE}.  U.S. wages DECLINED 1.2% in the second quarter of 2021 compared to last year.  When reviewing the data [Table 2], look at the negative impact to women, specifically Black and Asian women:

TOP LINE – Combine a 1.2% decline in earned wages with a 5.4% overall inflation rate recently reported {Go Deep},  and what you get is a 6.6% drop in real income amid the working class.  That, my friends, is exactly what we said should be expected.  That is also why the JoeBama administration needs to pump more money into the system (human infrastructure spending) in order to stop people from realizing just how bad it is.

You cannot have declining wages and massive inflation and expect the middle-class to survive.  Additionally, when I said six weeks ago that we had just passed peak home value, this is another data point to bolster that prediction.  We are in a plateau period on macro-level real home values, from this point they start dropping.  You cannot have near double digit drops in real income and simultaneously expect people to afford high mortgages.  It just doesn’t happen.

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