University of Pennsylvania, Wharton School of Business, Finance Professor Jeremy Siegel, takes a closer look at the June jobs data from the Bureau of Labor Statistics.  Professor Siegel notes a .01% drop in average hours worked is the labor equivalent of losing 450,000 jobs.

With factory demand dropping, and with inventories climbing, and with FTE’s (Full-Time Equivalents) dropping, the jobs report takes on additional context that aligns with the overall decline we feel in Main Street activity.  Essentially, regardless of how many jobs are “created” within the economy, the overall economic activity -as measured by the value of products & services generated- is declining.

Additionally, as noted by Professor Siegal, the current best estimate as reviewed by the several data points, is a current drop in overall GDP in the -2% range.   Seigal points this information out because the Federal Reserve is raising interest rates into an economy that has declining (demand side) consumer activity, which, correctly as he states, only makes the contraction more severe.  WATCH:

The core supply side costs (all based on energy policy) continue to increase and drive consumer prices upward.  Simultaneously, consumer demand is dropping because the goods and services impacted by the increased costs (most of which are unavoidable) are more expensive.  This creates a downward spiral.  Consumer prices are increasing on housing, energy, food and gasoline (supply side impacts), at the same time discretionary spending contracts.

In this scenario there is no way to avoid a steep recession.  However, the real priority of Joe Biden surrounds whether Jill will allow his favorite pudding, and if the shoes on the pancake mix keeps making sparkly rabbit noises.

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Monmouth University conducted another political poll of U.S respondents [SEE Survey HERE].  In addition to the plummeting approval of Joe Biden, the worst yet approval at 36% according to the survey, the respondents were asked to list their top concerns (Question #7).

The responses were recorded but did not come from a list presented by Monmouth.  They just compiled the results.  As stated, “what is the biggest concern facing your family right now?”  The results show the top priorities of Americans and the disconnect between the priorities of congress and the American people are stark.

(Source, Question #7)

Nowhere on the expressed concerns did anyone identify supporting Ukraine or the Russia -v- Ukraine conflict, as a priority; yet, Ukraine has taken up almost all of the legislative effort from congress.  The total taxpayer-funded congressional spending is nearing $100 billion.  Additionally absent from the concerns of the American people, is any mention of the January 6th committee; again, another time wasted political exercise by a congress detached from the priorities of the electorate.

The top priorities are what we would expect to see, economic issues.  Inflation, Gas Prices, the Economy and the ability to pay everyday bills (groceries) are the priorities of the American people.  All of these issues are directly caused by Joe Biden and the policy of his administration.  Climate change, the #1 focus of the administration, is not even in the top ten.  We are in an abusive relationship with our own government.

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[Hat Tip Mailroom] This is a very interesting little bureaucratic energy issue with big downstream ramifications.

Almost every transportation and manufacturing company uses the U.S. Energy Information Administration (EIA) “weekly publication of average diesel prices” in order to calculate shipping costs.  According to people in the industry, “this national average is what almost every trucking and logistics company bases their fuel surcharges on.”

However, on June 13th the U.S. Department of Energy, Energy Information Administration, stopped reporting the average weekly diesel price.  For almost a month companies have been using an outdated average price in order to calculate shipping costs and fuel surcharges. [See Screengrab]

Originally the EIA said, “We are implementing new methodology to estimate weekly on-highway diesel fuel prices. On June 13, we started conducting the On-Highway Diesel Fuel Price Survey using new statistical methodologies.” {LINK} However, the EIA has not updated anything since that announcement.

As a result, all of the transportation charges and fuel surcharges have been underestimated and priced for almost a full month.  The political motive for this move is transparent, it stops higher diesel prices from being passed along in the supply chain… which gives an artificial pause on inflation that comes as an outcome of higher diesel transportation costs (specifically trucking).  As explained to CTH:

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It is interesting to remember the recent comments from Christine Lagarde, the president of the European Central Bank, who outlined the EU energy crisis as the heart of the current inflation rate in the eurozone.  Lagarde discussed inflation in Europe while drawing a distinction in COVID-19 spending between the EU and U.S.

Essentially, according to Legarde, the EU subsidized businesses to maintain employment; the EU covered payroll expenses during lockdowns, while the U.S. sent direct payments to the American people who were impacted by the lack of work (basically everyone).

Lagarde outlined this difference in spending approach to explain why the Eurozone inflation was less than U.S. inflation.

How long did that EU Central Bank explanation hold up? Approximately two months.

The U.S. inflation rate is currently estimated at 8.6%, and today the eurozone inflation rate just reached,…. wait for it,…  Yep, an exact match at 8.6%.

LONDON (AP) — Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s war in Ukraine.

Annual inflation in the eurozone’s 19 countries hit 8.6% in June, surging past the 8.1% recorded in May, according to the latest numbers published Friday by the European Union statistics agency, Eurostat. Inflation is at its highest level since recordkeeping for the euro began in 1997.

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It’s not a secret that billionaire Bill Gates wants to radically change the process and outcome of farming, agriculture and ultimately food humans consume, in order to follow his climate change ambitions.  Bill Gates has been advocating for the removal of cows, pigs and animal-based protein for multiple years.  This is not a revelation.

However, what is new, is the amount of farmland that Bill Gates is purchasing.  Why would an entrenched climate change ideologue who wants to change food production be purchasing over a quarter million acres of prime farmland?

North Dakota – Bill Gates has secured legal approval for the controversial purchase of thousands of acres of prime North Dakota farmland, after the deal drew fury from the state’s residents.

The state’s Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate farming law. The Depression-era law prohibits corporations or limited liability companies from owning farmland or ranchland, but allows individual trusts to own the land if it is leased to farmers, which Gates intends to do.

Gates is the largest private owner of farmland in America after quietly amassing some 270,000 acres across dozens of states, according to last year’s edition of the Land Report 100, an annual survey of the nation’s largest landowners.

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Keep in mind as you review this article from the Wall Street Journal that every corporate (think Wall St) media outlet, has claimed for well over a year, that inflation was predominantly a demand side issue.  In essence, consumer demand was so strong that prices were rising because of it.

The demand side argument/justification for inflation was always false.  However, it was/is still the claim made by members of the Biden administration and almost every board member of the federal reserve.

All of them, almost universally, dismissed the supply side inflation argument which is the reality at the epicenter of inflation causation.

Inflation was/is an exclusive outcome of three supply side aspects which merged simultaneously: (1) the Joe Biden energy policy, (2) the Joe Biden promoted covid response via legislative spending, and (3) the promoted Biden administration monetary policy.

While the legislative spending did create artificial economic activity, all of these inflationary sources are supply side impacts.

The demand side claim for the origin of inflation was always a ruse, a con, a complete farce intended to backstop the claim that inflation would be “transitory” once consumer spending moderated.   From that perspective every approach from government toward controlling inflation was wrong.  Not wrong by accident, wrong as a matter of deceit and purposeful media manipulation in order to maintain the “Build Back Better” or “Green New Deal” agenda….. which, I might add, benefitted from the advanced Wall Street investment in both constructs, globally and domestically.

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National Economic Council Chairman Brian Deese essentially confirms what everyone suspected about Joe Biden’s polling, approval and disapproval.  It is quite obvious to everyone now that Biden is a disposable figurehead for the people inside the administration and government who are going full speed ahead with the Green New Deal via executive and regulatory action.

During a CNN segment Deese is challenged by the 85% disapproval and he ignores the opposition from the American people by saying the White House needs to “remind people as we go through this period” where energy costs are skyrocketing because climate change goals are unsustainable, during this economic “transition” they have made other progress.  WATCH: 

Joe Biden represents the once in a lifetime opportunity for every ideological leftist in government to carry out the most extreme energy policy without regard to political consequence.  Biden doesn’t even know what they are doing; that’s why there are conflicts between his statements about energy policy and the factual activity that is taking place around energy policy.  Biden couldn’t name the Interior Secretary if his life depended on it.

The extreme elements around Biden are taking advantage of his cognitive and intellectual deficit.  Obama told everyone Biden was an idiot, and now the Obama ideologues are using that idiot to fundamentally change America.   It is clear what they are doing; unfortunately, almost everyone in media and the leadership of both parties are pretending not to know what is happening.

But wait, it gets worse in the next soundbite from Deese .

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In his opening monologue tonight, Fox News host Tucker Carlson outlined a political list of DOJ and FBI targets over the past 18 months.  Some of these examples are probably forgotten; however, when you see the examples highlighted with a timeline it really does showcase how our system of government has been weaponized by a corrupt Dept of Justice and corrupt FBI.

The part where the political dissidents are outlined begins at 05:39 (prompted) WATCH:

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Fox News propagandist Bret Baier continues his devolution into the external appearance of a human Cabbage Patch doll, while intellectually his leftist DNA has won the battle for his frontal cortex.  After delivering a love-fest interview for establishment GOP candidate Karrin Taylor Robinson last week, Baier sharpened the knives for MAGA candidate Kari Lake.

Within the interview [Direct Rumble Link Here} Brett Baier accused Kari Lake of throwing transgender parties at her home and participating in drag queen sex shows.  Mrs. Lake was furious at the outlandish claims by Fox News, and then things got ugly.   WATCH:

Fox News is well positioned to hire Adam Kinzinger as a host next to Trey Gowdy. The Arizona state Primary Election will be held on Tuesday, August 2, 2022.

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Project Veritas Action, a subsidiary of Project Veritas, has released a leaked audio from South Carolina Democrat Krystle Matthews, promoting a political strategy where blacks infiltrate the republican party and use drug money to fund organized political changes.  See Website Here.  A portion of the audio is below {Direct Rumble Link}

What South Carolina Senate candidate Matthews is outlining in the leaked audio sounds remarkably similar to the prior successful operation of Georgia democrats and republicans.  The networks of the AME church and the political activists within the Black Lives Matter movement, coalesce by infiltrating the republican party and then working to support the agenda of the Democrat political apparatus.  LISTEN: 

This is the quiet part of turning a red state blue.  It is far too late for any effort in Georgia to reverse the situation as the Republican club is now completely compromised.  Stacey Abrams will be the next Governor of Georgia and her three political activist groups, containing multiple levels of election workers and campaign organizers, will solidify the next decade of elections in support of Democrats.  However, states like Texas and South Carolina should pay attention to the strategic part of the effort outlined by Ms. Matthews, there is still some time to stem the outcome in those states.

[CHARLESTON – June 26, 2022] Project Veritas Action has published a recording of U.S. Senate candidate, Krystle Matthews, talking about her desire to break multiple laws while using profanities and racially-charged language.

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