Mohamed El-Erian, a Blooomberg Opinion contributor, cracks me up in his efforts to avoid speaking directly.  Generally, El-Erian knows the situation, he was one of the first to identify the issue with inflation in March 2021.   However, he continues avoiding any mention that the U.S. economy is already in a negative position for growth.

Consider this…. In this interview El-Erian says he believes the Fed will flip-flop and lower rates in reaction to what is happening in the economy.  Keep in mind, the only reason for the Fed to reverse rates so quickly is if the economy is already in a demand side contraction and the latest .75% increase in rate is being done into a negative GDP environment.

Of course, the reality is exactly that.  The U.S. economy is already contracting, mostly because of inflation chewing up the supply side, and the Fed is factually raising interest rates into an economy already in a demand side recession.  But everyone must pretend that’s not the case, so here’s El-Erian saying Jerome Powell is going to end up reversing himself, flip-flopping, which doesn’t make sense if you don’t first establish that the economy is right now shrinking as he speaks.  WATCH:

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“On June 16, 2022, at approximately 8:30 p.m., U.S. Capitol Police (USCP) received a call for a disturbance in the Longworth House Office Building,” Capitol Police said in a statement obtained by the Washington Examiner. “Responding officers observed seven individuals, unescorted and without Congressional ID, in a sixth-floor hallway.” (read more)

Apparently, California congressman Adam Schiff was helping the television crew to break the law.  The group reportedly banged on doors of several Republican offices –  including that of Minority Leader Kevin McCarthy of California, Jim Jordan of Ohio and Lauren Boebert of Colorado — as they allegedly filmed a skit for Colbert’s “Late Show” program that was to center around the January 6 hearings.  The incident was covered by Jesse Watters on his broadcast this evening. WATCH:

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Y’all saw this coming months ago.  The Biden administration is now considering sending taxpayer funded “gas cards” to taxpayers who cannot afford the gasoline prices created by the Biden administration energy policy.  Yes, murica’ it’s a circle of stupid.

WASHINGTON – […] Biden officials are taking a second look at whether the federal government could send rebate cards out to millions of American drivers to help them pay at gas stations — an idea they examined months ago before ruling it out. Aides had found that shortages in the U.S. chip industry would make it hard to produce enough rebate cards, two people familiar with the matter said. White House officials also fear there would be no way to prevent consumers from using them for purchases other than gasoline, according to another person familiar with the discussions.

[…] Biden aides have also looked in recent days at invoking the Defense Production Act to move diesel and other refined products should localized shortages materialize, two people familiar with the matter said.

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Much is being made of Mayra Flores flipping Texas CD-34 (South Austin through Rio Grande Valley) from democrat to republican with a special election victory last night.  Indeed, a great many cocktail class republicans, those who couldn’t identify a taco without a bell next to it, are waxing philosophically about the political ramifications and what it means.

However, in ordinary terms, what Flores did was highlight a commonsense cultural disconnect between modern leftists and working-class Latinos who carry one of the best and most valuable dispositions for this day and age…. An unwillingness to pretend.

Men have penises and cannot have babies.  Women do not have penises and can have babies. That might sound radical given the incessant drumbeat from leftist, DC, Marxist democrats who manipulate sociology and science, but it’s the truth.

Spend time with any Latino group, family, friends or coworkers and start talking about the modern political left, and you will quickly find out this is one socioeconomic group who are not into this modern cultural pretending.  Their willingness to speak quiet truth is refreshing, even if they -at first- keep quiet until they see that you are not sold into the cultural ‘isms’ of madness.

Faith and family are important to the Latino community.  Additionally, a tradition of respect for pragmatic commonsense within the social fabric of the Latin and Mexican culture also inoculates them from gender nonsense.  It takes a few generations of American cultural infection before the commonsense synapse is numbed by the democrat drumbeat.

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The White House shares the contents of another phone call between Joe Biden and Ukraine President Volodymyr Zelenskyy today in a media release.  According to the details of the call, a generous Joe Biden has directed another $1 billion in aid to the laundry operation in order to assist Ukraine “families to purchase essential items.”

WHITE HOUSE – “This morning, I spoke with President Zelenskyy to discuss Russia’s brutal and ongoing war against Ukraine.

[…] I informed President Zelenskyy that the United States is providing another $1 billion in security assistance for Ukraine.

[…] We also remain committed to supporting the Ukrainian people whose lives have been ripped apart by this war. Today, I am also announcing an additional $225 million in humanitarian assistance to help people inside Ukraine, including by supplying safe drinking water, critical medical supplies and health care, food, shelter, and cash for families to purchase essential items.” (read more)

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I am tired and weary of the bullshit from every side of the political continuum -particularly the professionally republican idiots- that continue to hide the reality of the situation.  We are adults, let us talk honestly in the framework of reality; that will allow prudent preparation for the massive crisis we are about to experience.

When the tenant realizes they have a leaking fish tank, they realize they are going to be financially responsible for the water damage.  The tenant concocts a plan to avoid responsibility. The tenant intentionally loosens a pipe in the bathroom creating water damage, thereby hiding the fish tank leak.

The owner is now on the hook for the repair. The tenant escapes liability.

The people behind Joe Biden knew their radical transformation of energy policy was going to create massive economic damage.

The people behind Biden used the opportunity of the Ukraine-Russia conflict to trigger economic sanctions they knew would worsen the global inflation damage they were creating through energy policy.

Economic sanctions against Russia were as used as the broken pipe in the bathroom to hide the energy policy fish tank leak.  All of the media discussing the situation are now pretending not to know this.  The conservative pundits are a combination of pretending and too stupid to actually see what is happening.

BLOOMBERG – […] There’s no sign that administration officials feel their sanctions policy was a mistake or that they want to dial back the pressure. If anything, officials have said a key US goal is to ensure Russia can’t do to other nations what it has done in Ukraine. 

But the collateral damage from the sanctions has been wider than expected. 

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Economic security is the foundation of national security.  When the government takes action that destabilizes our economy, every element of national security is put at risk.  We are experiencing that right now as we suffer through Joe Biden’s intentionally flawed energy policy that is destroying the U.S. economy and everyone within it.

“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.”

~ Niccolo Machiavelli

Never has that Machiavelli quote been more apropos than when considering the MAGA movement and the rise of Donald Trump.

Thankfully, we are now in an era when the largest coalition of American voters have awakened to the reality that, to quote the former president: “Economic Security is National Security.”

As we live through the economic mess of a Biden administration hell bent on eroding the middle class of the United States, there are numerous pundits contemplating 2024 Republican presidential candidates other than Donald Trump; consider this group the lukewarm defenders Machiavelli noted.

At the same time the leftist coalition, writ large, are apoplectic about the base of the Republican Party now belonging to Donald Trump.  This group consists of those affluent Wall Street agents and politicians set on retaining the profits derived from decades of institutional objectives.

Institutional Democrats hate Trump, and institutional Republicans are lukewarm, at best, in defending Trump.  Both wings of the DC UniParty fear Trump.  Extreme efforts at control are a reaction to fear.  In this outline, I rise to explain why Donald Trump is the only option for the America First MAGA coalition; and I make my case not on supposition, but on empirical reference points that most should understand.

Everything, is about the economics of it.

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Today there are primary elections in Nevada, South Carolina, Maine, North Dakota and Texas’ 34th congressional district.

South Carolina, polls close at 7pm ET. Maine polls close at 8pm ET. Texas’ 34th CD polls close at 8pm ET. North Dakota, polls close at 8pm and 9pm ET. Nevada, polls close at 10pm ET.

Many people will be watching South Carolina to see if anti-MAGA Nancy Mace and Tom Rice will be removed by primary challenge.

New York Times – Election Results Here

Politico – Election Results Here

CNN – Election Results Here

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The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released the May 2022 price data [Available Here] showing another 10.8% increase year-over-year in Final Demand products at the wholesale level.

The inflation within the total goods supply chain continues to accumulate at a more significant rate than the finished goods on the store shelves.  This means replacement goods will continue arriving with higher prices than current.   Final demand goods in May were 1.4% higher than April (16.8% annualized).  And the May year-over-year prices show a 10.8% increase [See Table A].  However, there’s more trouble ahead:

More troubling than the final demand price increases (wholesale finished goods), are the price increases in the intermediate goods and unprocessed raw materials.

Intermediate processed goods increased 2.3% in May (27.6% annualized).  The intermediate unprocessed goods, raw materials, jumped even higher in price at 6.3% for May (that’s a whopping 75.6% annualized increase).   It would appear the raw materials coming into the goods sector are coming in with even higher built-in energy costs than most people anticipated.

Once those intermediate products reach the final demand stage (wholesale), the cumulative price increase will mean even higher consumer prices.

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Tucker Carlson used his opening monologue tonight to point out the serious problems with federal “red flag laws” as proposed.  WATCH:

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