Here is one succinct interview containing the smorgasbord of far-left policies the people behind Joe Biden are proposing as the solution to the inflation crisis they have created. It is remarkable to see it all packed into one 8-minute segment.  There is so much crazy in here it would take a week of articles to unpack it.

The ultra-leftist Biden Transportation Secretary, Pete Buttigieg, appears on ABC with George Stephanopoulos to discuss the solutions to the massive economic collapse that looms all around us.  Within the interview Buttigieg states the Biden administration goal is to use the high cost of living (policy driven inflation) as an opportunity for the government to take over household expenses and create equity via government distribution.

If reasonable people do not intervene quickly, the executive branch and legislative branch will move to begin subsidizing and controlling medicine, childcare, housing and food costs by diverting tax dollars into the social equity system.  Depending on income, the Biden administration plans to offset higher prices for Americans by providing the essential services and products they need.  In essence, Democrat-Socialism with a filter of equity in distribution, ie “enhanced dependency.”  WATCH:

Remarkably, Stephanopoulos references one of the most insane New York Times op-ed’s ever written around economics {ARTICLE HERE}.  Within the reference, the Democrat legislative proposal is for the government to take over the purchasing of essential products like food, fuel, gasoline and medicine.  The government would then distribute those products.  The entire premise is based on some academic leftist theory of economics that is just nuts. It looks nothing like capitalism.

The baseline for the approach contains the premise that inflation is driven by too many people chasing scarce goods. Thus prices are rising.  This is how the Democrats look at inflation and explain the problem.  Their solution is for government to buy the food at the prices they claim people cannot afford, and then sell the food at prices they claim the people can afford.  [Replace ‘food’ with any item they determine]

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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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Comrade taxpayers, as the glorious and esteemed senate move through the procedural hurdles to pass a massive $40 billion spending bill for the U.S. altruistic Ukraine money laundering operation, a fabulous diplomatic envoy consisting of Mitch McConnell, John Barrasso, John Cornyn and Susan Collins travel to Kyiv to meet the magnanimous defender of the international treasury and wealth transfer operation, Volodymyr Zelenskyy.

The magnificent republican leaders went to visit the nicest war zone their bipartisan efforts have created in the past four decades.  As the angels of abundance parted the clouds, many congratulations were shared from the delegation toward their generous host and the expressions of appreciation and respect for the generosity were reciprocated.  WATCH:

No U.S. border security, no gas money, no grocery money, no infant formula, no voting integrity…. Meh, no problem comrades.  We’ve got Ukrainians to support.  We are paying the pensions and benefits of Ukraine government officials and Ukraine citizens.

Keep in mind, the politicians are not tone deaf, out of touch or disconnected; they simply do not care.  We The People are irrelevant to them.

We are in an abusive relationship with our own government.

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Texas Representative Chip Roy (CD-21) goes full ultra-MAGA after the House democrats created a $40 billion Ukraine spending bill and then demand an immediate vote for support, or else you’re a Russian sympathizer.  WATCH (1 minute):

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The House of Representatives were concerned Joe Biden was not spending enough on the Ukraine laundry operation, so they took his $33 billion request and added another $7 billion making the Ukraine support package $40 billion.

Yes, you read that correctly…  ‘Unbelievable’ is an understatement. I mean seriously, does anyone in Washington DC even talk to their constituents any longer?

The DHS Customs and Border Patrol budget for our border security operations is approximately $4 billion, the Southern border is in crisis.  Meanwhile Biden and Pelosi send over $55 billion to Ukraine?

WASHINGTON, May 9 (Reuters) – U.S. congressional Democrats agreed to rush $39.8 billion in additional aid for Ukraine, two sources familiar with the proposal said on Monday, easing fears a delayed vote could interrupt the flow of U.S. weapons to the Kyiv government.

The House of Representatives could pass the plan, which exceeds President Joe Biden’s request last month for $33 billion, as soon as Tuesday, and Senate leaders said they were also prepared to move quickly.

A proposal for additional COVID-19-related funding, which some Democrats had wanted to combine with the emergency Ukraine funding, will now be considered separately.

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As expected, the Federal Reserve has raised interest rates .50%.  However, inflation is expected to remain high as prior spending debt bubble remains in place.

WASHINGTON, May 4 (Reuters) – The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank’s chief made an appeal to Americans struggling with high inflation to be patient while officials take the hard measures to bring it under control. (read more)

Within hours of the announcement, major U.S. banks including JPMorgan Chase & Co, Wells Fargo Bank and Citibank raised their prime rate to 4%, effective Thursday.

The timing of the rate increase is what was expected.  Last year’s inflation spikes started appearing in June of 2021.  By delaying the 2022 FED response until right now, the political operatives in control of U.S. monetary policy create a scenario where the Fed impact will appear to surface in June of 2022. Exactly one year from the date of the first wave of inflation from the prior COVID spend.

Year-over-year inflation will statistically begin to give the appearance of moderation, once the June (’21) to June (’22) comparison cycle arrives.  The Fed and White House will use the intentionally timed statistical outcome to claim inflation is diminishing.  It’s a political trick we expected.

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This is why Nancy Pelosi and Adam Schiff were in Kyiv yesterday…

The details of the Joe Biden $33 billion supplemental budget allocation have been released.  I would strongly urge everyone to read the proposal which now heads to congress for passage {SEE pdf here}.

The spending request outlines a massive amount of money for various ideological foreign policy initiatives under the guise of Ukraine relief (it isn’t).  The proposal outlines a kickback and bribery scheme.

Some of the spending includes an allocation of funds to the State Dept including funds to USAID to “provide $8.8 billion to the Department of State for economic support and assistance to the people of Ukraine and other affected countries, including direct budgetary support, as well as support for food security, democracy, anticorruption, cybersecurity, counter-disinformation, human rights, atrocity documentation, energy, and emergency infrastructure needs.” {pdf page 41}  The request specifically authorizes the transfer of these funds globally, outside of Ukraine.

{READ SOURCE DOCUMENT}

Apparently, the State Dept is going to set up an international version of DHS “disinformation governance board.”  But wait, it gets worse…

U.S. taxpayers are also going to subsidize farming in Europe and fund the climate change initiatives by paying for the development of alternate energy sources. “This would include [$500 million] support for small- and medium- sized agrobusinesses during the fall harvest and for natural gas purchases by the Ukrainian state energy company.” {page 44}

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This is getting seriously out of hand.  On top of the $14 billion already appropriated for Ukraine assistance, Joe Biden is now asking for a supplemental budget allocation of an additional $33 billion for Ukraine.  Good grief, that’s almost $50 billion in aid, plus the billions in distributed weapons.

Biden is asking for U.S. taxpayers to fund the budget, salaries and pension obligations of the Ukraine government.  Biden made his request in a letter [SEE HERE] to House Speaker Nancy Pelosi:

[…] “I am writing to provide you with my request for fiscal year (FY) 2022 emergency supplemental funding for critical security and economic assistance to Ukraine.
 
I appreciate the Congress’ continued bipartisan support for Ukraine, NATO, and other partner countries affected by Russia’s War in Ukraine.  My Administration is committed to providing the Ukrainian people the assistance they need.  Our assistance to date has made a difference on the battlefield, helping Ukraine win the battle for Kyiv. 

This $33.0 billion request for additional funding and authority builds on the Congress’ supplemental appropriation of $13.6 billion on March 15, 2022, and seeks to address immediate and near-term security and economic needs.  Additional security assistance will put urgently needed equipment into the hands of Ukraine’s military and police, including ammunition, armored vehicles, small arms, demining assistance, and unmanned aircraft systems. 

Economic assistance will provide Direct Budget Support to provide rapid, flexible funds to assist the Government of Ukraine.” (read more)

Joe Biden wants U.S. taxpayers, those who are struggling to pay our own bills, to fund the government of Ukraine?  In case anyone is not up on current events, we are broke.

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The government of Ukraine is asking western nations to fund their budget.  Volodymyr Zelenskyy has asked for $7 billion per month in financial assistance to retain their government obligations.  Yesterday, Ukraine Prime Minister Denys Shmyhal reiterated that demand saying, “the cash, in sense of our budget, is very important for social and humanitarian responsibilities of our state to our people.”

l am not wanting to belabor a point that many have discussed here, but there really does come a time when the American people must draw a red line and ask, ‘to what end?‘  The United States government, both the white house and congress, have already pledged $14 billion dollars to Ukraine without a single representative asking the American people if they support it.

Certainly, there is an argument to be made that Ukraine needs the support of the world as they struggle with a conflict in their nation.  However, charity begins at home, and for too long our national leadership has been willing to use our income taxes as tools for their own political agenda.  The brazen expectation by leaders of Ukraine for the United States citizens to finance their government is, in my opinion, the last straw of a series of straws.

The issue would not be so significant if that request was not also accompanied by the visibility of western European nations, supposedly NATO allies, barely spending any money of their own wealth to assist their direct neighbor.  The U.S. financial support is ridiculous when compared to how Europe is responding to the Ukraine crisis.

Compounding this issue is our own American economy and the serious pain being felt by American workers and taxpayers as the spending creates even more massive inflation that we have to cope with.   We gained national independence around the premise of taxation without representation from England, and yet here we are again sending scarce income, without consultation or representation, to DC elites who send that money overseas.

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Given the scale of the stakes for western government; and given the professed intentions of govt-aligned big tech to control the story; it is almost impossible to have an honest and open dialogue on the internet about what is happening in Ukraine.  That said, for those who have been using independent resources to form their own opinion of the events in/around Ukraine, this interview highlights some important aspects.

First, notice how Prime Minister Shmyhal is not the least bit bashful about saying cash is important because American taxpayers, the working American people, have a duty to fund the pensions and retirement accounts of the Ukrainian people, including govt politicians. [03:37] Indeed, much of the financial assistance Joe Biden has been sending to Ukraine (beyond the weapons to support the proxy war) is going toward paying the wages and salaries of corrupt Ukranian leadership.

Let that first point settle in deeply, as we consider how working Americans are being financially destroyed by U.S. monetary/fiscal policy, yet the same U.S. officials wiping out your bank account are funding the bank accounts of people in Ukraine.  Interview WATCH:

Second point.  Notice [06:02] how Prime Minister Shmyhal hedges, pauses and thinks about the response to the question of ‘what is victory’, a stalemate or Russian exit?  In the U.S. proxy war against Russia, Shmyhal is not the person who can answer that question, only the White House can.

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