Against the backdrop of Rishi Sunak being installed as the U.K. Prime Minister, during his weekly monologue today, a fired-up friend of the Treehouse, Neil Oliver, asks two questions: #1) Why should WE put up with the pain predicted in our future by the same people who made it inevitable?… And #2) How quickly do they think we forget what only just happened?  WATCH:

[Transcript] –  I have two questions this week:

Question one: Why should WE put up with the pain predicted in our future by the same people who made it inevitable?

And question two: How quickly do they think we forget what only just happened? First the pain.

Rishi Sunak conjured up and blew away a mountain of money – hundreds of billions of pounds worth of the funny, all-but-fraudulent money that is the gift only of the private bankers who have him and every other western leader in their pocket.

Now he’s got an even bigger job than before and gets to tell us we’ll have to endure tough times ahead, real pain. That’s real pain for us proles of course – and champagne for him and his pals. All of this mess is of his creation – him and his pinstriped cronies – and yet we, who did nothing wrong, are the patsies handed the bill.

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All around this western world of ours we find ourselves surrounded by economic pretenders and financial pundits, perhaps intentionally stuck, using old school economic theory to analyze a new era in government manipulation of the economy.  It’s maddening… but at least we do not need to pretend on these pages.

Milton Friedman was not wrong at the time he stated that inflation is driven by monetary policy.  Print money and the value of it diminishes; this is true.

However, we are in an era that Friedman never foresaw, nor could he fathom, where the structural policy of government is created to intentionally shrink economic activity.

Purposefully reducing energy resources and then purposefully reducing economic activity to match the diminished level of energy available, is the underlying purpose of what the western globalists call “Building Back Better.”   The claim of “climate change” is the justification for their action.  Too few people truly understand this, and as a result we see false arguments about the root of inflation being presented.

The ROOT CAUSE of modern western inflation is the intentional shortage of traditional energy resources (coal, oil, gas), which is driving up the price of the everything attached to the use of energy, everything.  It is a supply side causation with policymakers trying to forcibly shrink energy demand.   Quit making excuses in any other direction.

As energy products skyrocket, everything attached to the energy product rises in price – that is a supply side issue.  Yes, if you wish to be obtuse and support the justification from the policymakers, you can -if you chose to join the pretending- argue that demand for energy is the cause. However, demand for energy is far more consistent than the reductions in the supply that have been created.

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I’m not sure what’s more remarkable; the transparency of Joe Biden’s cognitive decline, or MSNBC broadcasting it.  Then again, this was live at around 5:30pm ET, so there wasn’t an opportunity to edit out the disturbing part.  Sundowning?

During a live MSNBC interview broadcast today, Joe Biden was asked about his decision to run for reelection in 2024.  When a short follow-up question is asked, things got weird and uncomfortable.  WATCH:

BIDEN: “It’s my intention to run again.”

MSNBC: “Dr. Biden is for it?”

BIDEN: crickets

MSNBC: (Uncomfortable) “Mr. President?”

BIDEN: (Confused) “Dr. Biden thinks that uh, my wife thinks that uh, that I uh, that, that we’re, that we’re doing something very important.”

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Earlier today Steve Bannon was sentenced to four months in jail for refusing to appear and be questioned by the congressional J6 committee.  However, Judge Carl Nichols has temporarily deferred the sentence pending an appeal by Bannon which will likely go into next year.

More than half the country holds contempt for congress, and the targeting of Bannon is transparently political. A defiant Steve Bannon spoke outside the courthouse after his sentence was delivered.  WATCH (prompted):

WASHINGTON DC – A federal judge has sentenced longtime Donald Trump adviser Steve Bannon to four months in jail for defying a subpoena from lawmakers investigating the Jan. 6, 2021 attack on the Capitol by a pro-Trump mob. He will also be required to pay a $6,500 fine if his convictions stand.

U.S. District Court Judge Carl Nichols, a Trump appointee, said Bannon inappropriately defied the House’s select committee on a matter of significant national interest, and even after roadblocks to his testimony had been removed.

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Unbelievable and infuriating at the same time.  The CDC voted unanimously today (15-0) to include the emergency use authorized mRNA vaccine as part of the childhood immunization schedule, effectively forcing most school aged children to undergo a COVID shot as part of the state requirement to attend school.

(Via Politico) The CDC’s independent vaccine advisers voted 15-0 Thursday to add most Covid-19 vaccines offered in the U.S. to the childhood, adolescent and adult immunization schedules.

The immunization schedules, which are updated every fall before going into effect the following year, consolidate all of the CDC’s vaccine recommendations in one document for states that use them as guidance for school entry requirements and busy physicians. The additions formalize recommendations the CDC has already made on Covid vaccination in individuals ages 6 months and older for shots that the FDA has approved or has authorized for emergency use.

Covid vaccines’ inclusion on the schedules don’t constitute mandates, particularly for schoolchildren, which are the purview of states, localities or jurisdictions, depending on local laws. Still, the committee’s vote sparked controversy and debate on social media about what the additions mean for vaccine requirements after Fox News’ Tucker Carlson asserted Tuesday that the CDC would trigger mandates for students.

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Last night, Congressman Matt Gaetz joined “Prime News with Jenn Pellegrino” on Newsmax to share his reaction to Igor Danchenko’s acquittal, and how the Durham investigation failed to bring accountability to the FBI. {Direct Rumble Link}

The evidence to prove Matt Gaetz perspective is brutally obvious.  John Durham never brought any issue to the surface that would indict the people within government. Durham focused exclusively on those outside government.   As Gaetz notes, the Durham investigation was structured to present the FBI as victims to outside forces.  WATCH:

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New England consists of six states in the US Northeast, Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.  The states have been warned by regional ISO electricity providers for several years about their vulnerability if the winter weather is harsh and there is a significant increase in demand for home heating.  Those warnings are now multiplied by the massive price increases for natural gas.

Keep in mind as all these natural gas and LNG issues surface, the U.S. has been exporting natural gas to Europe as part of the Biden effort to subsidize the NATO effort against Russia.  Prices for natural gas have skyrocketed, and now shortages of the fuel source for energy production may create even bigger problems for New England.

[Via Zero Hedge] – […] The region’s power mix changes have left it increasingly reliant on international NatGas spot markets. State governors have asked US Energy Secretary Jennifer Graholm to waive the Jones Act and allow foreign-owned tankers to ship LNG from the US Gulf region. 

All of this has led to New England residents facing some of the highest electricity bills in years. Heating season is already underway. 

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Igor Danchenko was a well-known fabricator of (dis)information long before the FBI made the purposeful decision to enlist him in their Trump targeting efforts.  Specifically because Danchenko had no moral compass to the truth he was particularly useful for the FBI effort.  This was the big problem for John Durham in prosecuting Danchenko for material lies the FBI knew from the outset were false.

How does the same DOJ who used the lies for their political purposes, then prosecute the liar for the false information?  That was always the structural flaw in any case brought by Durham.  As a result, the trial was not so much about the lying Danchenko as it was about the lying FBI and their use of Danchenko.

A jury found Igor Danchenko not guilty on four counts of lying to the FBI, on four occasions.  (1) Danchenko told FBI agents he received a phone call in late July 2016 Sergei Millian. However, Danchenko knew he had never received a call from Millian. (2) Danchenko gave a false statement to FBI agents that he “was under the impression” that the late July 2016 call was from Millian. (3) Danchenko falsely stated to FBI agents that he believed he spoke to Millian on the phone on more than one occasion. And (4) Danchenko lied that he “believed he has spoken to [Millian] on the telephone,” when Danchenko well knew he had never spoken to Millian.

The FBI didn’t care about the details of the lies that were told to them; the lies served a purpose.  The FBI purpose was to use the Steele Dossier as the foundation for a fraudulent all-encompassing search warrant against the Trump campaign and presidency, using Carter Page.  That construct was always the motive of the DOJ/FBI use of Danchenko, Chris Steele and the infamous dossier that gave the DOJ the patina they needed for the FISA application.

The trial itself showed how corrupt the FBI and DOJ were in this scheme by: A) offering Chris Steele $1 million for proof of the dossier content.  B) By making Danchenko a confidential human source for two years to shield him, “sources and methods”, from investigative inquiry. C) By paying Danchenko $200,000 for his time as a useful tool and confidential human source.

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I do not know how to describe this with the Through The Looking Glass absurdity it deserves.

The ability of financial media and national economists to suspend accepting current reality, while making claims about the possibilities for next year, is ridiculous. Ask me why this era of great economic pretending is underway, and I have no answer. The intellectual dishonesty is beyond my comprehension.

The first and second quarters of the U.S. economy showed negative Gross Domestic Product valuations (GDP). We just finished the third quarter (July, Aug, Sept) and the likelihood of another negative GDP is high. Production is down, demand is down, consumer spending is down, inventories are climbing, and the economy is contracting. We are in a literal, technical and structural recession. Considering the Q1 and Q2 outcomes, we have been in a recession all year.

The Wall Street Journal publishes an article citing several notable economists who are putting the likelihood of a 2023 recession at 63%.

(WSJ) – […] On average, economists put the probability of a recession in the next 12 months at 63%, up from 49% in July’s survey. It is the first time the survey pegged the probability above 50% since July 2020, in the wake of the last short but sharp recession.

Their forecasts for 2023 are increasingly gloomy. Economists now expect gross domestic product to contract in the first two quarters of the year, a downgrade from the last quarterly survey, whereby they penciled in mild growth.

[…] Forecasters have ratcheted up their expectations for a recession because they increasingly doubt the Fed can keep raising rates to cool inflation without inducing higher unemployment and an economic downturn. Some 58.9% of economists said they think the Fed will raise interest rates too much and cause unnecessary economic weakness, up from 45.6% in July. (read more)

They are analyzing a pending recession in 2023 without even admitting we are in a recession right now. AT THIS VERY MOMENT.  We have two consecutive negative quarters of economic growth behind us (another Q3 result pending), and these economists are discussing a recession “next year“?

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John King’s ex wife on CNN, narrative engineer Dana Bash, was well prepared to target Arizona gubernatorial candidate Kari Lake on Sunday.  However, with a solid foundation grounded in pragmatic common sense, Mrs Lake eviscerated the effort of Ms. Bash.   Kari Lake continues to impress.

Dana Bash began the interview with a constructed strawman argument about how Kari Lake as governor would address the Joe Biden inflation crisis.  Kari Lake swatted the issue away with a strong policy position to eliminate state rental tax and taxes on groceries in Arizona.  Bash didn’t expect it, and never quite recovered. WATCH: 

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