U.S. inflation was/is driven by supply side impacts as a result of policy (Build Back Better).  The U.S. recession was/is now driven by demand side impacts that are the result of increased supply side costs.  This is the natural economic truth being denied by all levels of political leadership.

Joe Biden policy makers, specifically the U.S. treasury secretary and the federal reserve chairman, have claimed -falsely- that current inflation was/is being driven by demand. In essence, and ironically, their position means consumers are to blame for high prices.  This has been their story and they have stuck to it.  However, remember monetary policy can only impact the demand side of the economy.  Monetary policy cannot impact the supply side, that aspect is led by Joe Biden policy.

The Federal reserve, having denied (pretended) the supply side causation, has effectively raised interest rates (0.75%) into an economic environment where consumer demand was already contracting.  CTH has been asserting this fundamental position all year.   Here is the evidence:

US Manufacturing PMI fell dramatically to 52.4 in June 2022 from 57 in May.  This drop is well below the market and economic expectations of 56, and now points to the slowest growth and steepest drop in factory activity in almost two years.  Contractions in output and new orders are pushing the index down.

Production and new sales declined for the first time since the depths of the pandemic in mid-2020 driven by weak consumer demand.  Inflation and a drop in wholesale and retail purchases have lowered purchase orders.  The gears inside the economy are slowing to a halt.

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Oh, there’s so much that could be said about this… so much.  However, what Tucker Carlson outlines in this monologue is accurate insofar as it merely scratches the surface of the DeceptiCons in Washington DC. {Direct Rumble Link} WATCH:

The UniParty issue does not start in Washington DC, it surfaces in Washington DC.

The UniParty agenda, the origin of the crap that we see surface in a toxically corrupt federal government, starts IN YOUR STATE.

The UniParty is an outcome of the private organizations that run the political parties known as the RNC and DNC.  This is where almost all voters and political followers get lost.  The Republican and Democrat parties are not affiliated with any construct of the United States government.  They are private entities, private clubs, that can establish any set of rules and regulations for the people within the club/party.   That’s where the origin of the feces begins.

The club can accept or deny membership for any person who wants to run for political office.  The RNC and DNC clubs essentially select the politicians.  There is nothing within this process that is even remotely democratic, representative or even visible in the framework of the U.S. constitution.

Private corporations known as the RNC and DNC run the professional political apparatus, and from that origination all of the corruption in the body politic -as outlined in the visible UniParty agenda- surfaces.   Two clubs, both funded by Wall Street power brokers, globalists and ultra-rich mega-donors, select the members who will represent their interests in Washington DC.   That’s the root of the issue.

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Yes, inflation is global; mostly.  That’s because all of the western governments and their central banks followed the exact same pandemic lockdown & spending instructions from the World Economic Forum.

The plan -as outlined publicly, was for government leaders to lockdown the economic activity (supply side), then spend to subsidize and fill the losses in economic activity (demand side), then reopen the economies using the Build Back Better agenda as a reset moving the underlying energy economy away from fossil fuels.

This was the collective plan, and they all followed the exact same playbook.  This is the origin of inflation.  The BBB plan disrupted the supply side, then triggered a reopening of the demand side while the supply remained scarce.  Simultaneous to the reopening, all former energy development processes were no longer supported by investment or policy.

In the aftermath, the energy sector was fractured and combined with higher costs for the production of all goods, that’s what is continuing this upward inflation spiral.

CANADA – Canada’s annual inflation rate accelerated to 7.7% in May, the highest since January 1983, on gasoline prices, as well as services like hotels and restaurants, Statistics Canada said on Wednesday.  Analysts polled by Reuters had expected the annual rate to rise to 7.4% in May from 6.8% in April. (read more)

U.K. – Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and one which underlines the severity of the country’s cost-of-living crunch.

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… And if they don’t, they are Russian sympathizers.

Delivering remarks from the stage built next to the White House, earlier today Joe Biden demanded that congress and states suspend gasoline taxes for 90-days in order to offset the massive price increases his energy policy has created. {Transcript Here} Additionally, Biden says any political opposition to his demand means his opponents support Russia:

“for all those Republicans in Congress criticizing me today for high gas prices in America, are you now saying we were wrong to support Ukraine?  Are you saying we were wrong to stand up to Putin?  Are you saying that we would rather have lower gas prices in America and Putin’s iron fist in Europe?  I don’t believe that.” {Direct Rumble Link}

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It will be worth watching how California Governor Gavin Newsom responds to this instruction.  California has the largest gasoline taxes in the nation and uses them to fund the majority of their left-wing policies.

Full video and transcript below.

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The conflict of interest is simply off-the-proverbial charts here.   Tom Donilon is a deep DC swamp operator and has been for his entire career.  Donilon is connected to every tentacle of the Obama and Biden administrations.  Donilon is also the Chairman of the BlackRock Investment Institute.

We have written about the conflicts {Go Deep Here} and {Go Deep Here}, but this move by Secretary of State Anthony Blinken is stunningly fraught with serious conflicts of interest.

Tom Donilon’s literal job description at Blackrock is to “leverage the firm’s expertise and generate proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation,” and the State Dept has just appointed him as Co-Chair of the U.S. foreign policy advisory board.

Specifically, the Biden administration has just put Blackrock Investment Institute Chairman Tom Donilon in charge of U.S-China policy.

How in the proverbial hell can this be permitted?  That’s way beyond a rhetorical question.   The Dept of State has selected a team of Wall Street control agents to guide global U.S. policy.

(STATE DEPT) – Today, Secretary Blinken announced his selections for the U.S. Department of State’s Foreign Affairs Policy Board.

Since its establishment in 2011, the Board has provided independent advice on the conduct of U.S. foreign policy and diplomacy, consistent with each Secretary of State and administration’s evolving priorities for it.

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Federal Reserve Chairman Jerome Powell admitted the obvious in his senate testimony today when asked about U.S. inflation.  However, his testimony directly contradicts the White House claims.

Senator Bill Hagerty (R-Tenn.), member of the Senate Banking Committee, walked through the inflation timeline and asked Chairman Powell about the cause of the escalated inflation in 2021.  Powell admitted the massive rise in inflation had nothing to do with the Russian invasion of Ukraine. WATCH (02:16 Prompted):

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Fox News host Tucker Carlson, use the opening segment of his television broadcast to spotlight the most alarming threat to our democracy in recent years.  According to Capitol Hill police an extremist movement, with the full cooperation of congressional members, attempted to overthrow democracy by breaking into the Capitol last week in a carefully planned insurrection.   WATCH:

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The definition of the modern “western democracy” in Ukraine is increasingly showcased as the goal for modern totalitarian government.

The inflection point away from representative democracy was first evident in the way COVID-19 was leveraged by “western” governments in the U.S, Canada, Australia and the European Union.  Totalitarian minded leaders within those democracies, including governors in the United States, began operating without any elected representative feedback. Everything shifted from legislative representation to a system of dictatorial fiats with no opposition allowed in the arbitrary rules and regulations.

From forced lockdowns and arbitrary determinations of “essential workers,” various western government leaders were drunk on their new power.  Those who were already predisposed to the benefits of communism (aka Justin Trudeau) and various shades therein, dropped all pretense of believing there were limits to their power and began dispatching opposition views.

It did not take long before we saw things escalate into lockdowns, travel bans, forced business closures, quarantine camps and ultimately forced vaccinations and checkpoints for transit.  Collectively, none of these efforts ever went before a representative body for debate and consent; they were done through brute force and power of a top-down centralized authoritarian government.  It did not seem as if most people realized how ‘western democracy’ changed overnight through the use of the pandemic.

What we see taking place in Ukraine is an outcropping of this newly defined ‘western democracy.’   Using a declaration of emergency power, President Volodymyr Zelenskyy has now banned all opposition voices, taken control of broadcast media and now today banned the second largest political party in Ukraine. [Radio Free Europe Link]

Ukraine’s Opposition Platform For Life (OPPL) was the second largest political force in the Ukraine Parliament.  As of today, the party is officially banned by a Ukrainian court at the request of the Zelenskyy Ministry of Justice.   All assets, funds and property belonging to OPPL have been seized and transferred to the state.

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Kaliningrad is an enclave of Russia on the Baltic Sea, with a population of around 450,000 Russians.  Kaliningrad is surrounded by NATO countries Lithuania to the north and Poland to the south.

Land access for Russia to Kaliningrad is a matter of treaties between Russia and Lithuania providing transit to the Russian enclave through Suwalski gap where railroads connect Kaliningrad to Belarus.

In an intentionally provocative move, the NATO alliance has now decided to use Lithuania to cut off access to Kaliningrad by land.  The NATO alliance is saying this is part of their execution of economic sanctions against Russia by stopping the transport of goods and products through the Suwalski gap.

The blockade began today, and the Russian government is evaluating how to respond to this aggressive effort against Kaliningrad.

This action is being taken as the same time as EU NATO countries are threatening to rush NATO membership for Ukraine into place.  There is no other way to look at this decision by NATO member states as anything except a deliberate effort to increase the likelihood of war between Russia and the western alliance.

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NEC Director Brian Deese delivers a consistent blend of words, claimed to be economic policy, that make absolutely no sense.  Deese is almost as bad at parse tongue gibberish as Pete Buttigieg and Kamala Harris, but not quite up to their level.   Many will think Deese is uniquely unqualified. However, if you accept that Deese job is to be the distracting front man -spewing nonsense platitudes while others detonate the economic explosives- then he is being successful.

Deese appeared for two interviews, one on Fox News Sunday {SEE HERE} and on on CBS {SEE FULL INTERVIEW HERE}. Fox News (Shannon Bream) attempted zero pushback on Deese ridiculous claims.  CBS (Margaret Brennan) at least pushed back a little harder.  However, we must accept both media outlets are advancing the same corporate agenda by playing the pretend game with Deese appearances.

Deese used the word “transition” eleven times in both interviews in relationship to the economy.   Deese was never asked what this actual “transition” is that he speaks so often about.  At certain trigger points Deese gets down to political nonsense when he says what the Biden team is doing to combat inflation.  He brings up three legislative priorities that he claims will lower consumer costs: (1) raise taxes; (2) federal takeover of all Rx prices; and (3) subsidize energy prices for low-income Americans.   That’s the plan; at least that’s what his unserious word assemblies are intended to claim as a plan, and he’s sticking to it while the media nods along.  WATCH:

{Full Interview with Brennan Here}

FYI, the Brian Deese economic plan is also the Larry Summers economic plan as outlined on Meet the Press {SEE HERE}.  At this point the entire DC system, including both democrat and republican wings of the UniParty vulture, are in alignment to fundamentally change the U.S. economy, justified via climate change, and kick start their carbon trading platform.    There is no entity in/around Washington DC trying to stop the economic collapse caused by energy policy.

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