The Consumer Financial Protection Bureau (CPFB) was originally created by congress (Elizabeth Warren lead) as a quasi-constitutional watchdog agency to reach into the banking and financial system, under the guise of oversight, and extract money by fining entities for CFPB defined regulatory and/or compliance violations.

Essentially, the CFPB is a congressionally authorized far-left extortion scheme in the banking sector.  The CFPB levies fines; the fines generate income; however, unlike traditional fines that go to the U.S. treasury, the CFBP fines are then redistributed to left-wing organizations to help fund their political activism.

The Consumer Financial Protection Bureau (CFPB) was the brainchild of Senator Elizabeth Warren as an outcome of the Dodd-Frank legislation. Within the CFPB Warren tried to set up the head of the agency, the Director, in a manner that that he/she would operate without oversight. Unfortunately, her dictatorial-fiat-design collapsed when challenged in court.  Backstory #1 – Backstory #2

Previously, a federal court found the CFPB Director position held too much power and deemed it unconstitutional. The court decision noted that giving the President power to fire the Director would fix the constitutional problem.  However, a second set of legal challenges targeted the core of the CFPB scheme, the financing.

WASHINGTON DC – An appeals court on Wednesday ruled that the Consumer Financial Protection Bureau’s funding mechanism is unconstitutional, in a victory for lenders that have targeted the agency’s structure in a years-long bid to tamp down regulation.

A three-judge panel of the 5th U.S. Circuit Court of Appeals ruled that the design of the CFPB violated the Constitution because it receives funding through the Federal Reserve, rather than appropriations legislation passed by Congress. Democrats established the structure when they created the CFPB in the 2010 Dodd-Frank law as a way to shield the bureau from political pressures that could impact its oversight of the finance industry.

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Cultural Marxism is the modern philosophy to advance political correctness toward the agenda of social change.  Creating fear around speech is a technique for controlling what people are permitted to say and ultimately think.  Cultural Marxism is the merging of political correctness with advanced social pressures, including from the Big Tech social media platforms, from the political left to stop and shun any speech they disagree with.

One of the common ways to understand this is to realize that speech the leftists disagree with, they label as ‘violence’.  However, actual violence that supports the leftist agenda is labeled as speech.  Cultural Marxism is the twisting of words and control of language to advance a far-left agenda.

In part of his monologue tonight, Fox News host Tucker Carlson uses the example of Elon Musk and Twitter to highlight the threat they perceive from the possibility of an open public discussion. {Direct Rumble Link} – 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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Closing arguments wrapped up on the trial of Igor Danchenko, the primary source who delivered fraudulent information to Christopher Steele for transmission to the FBI.  The jury now has the case and it’s likely they will not convict.

When you accept the FBI knew the Steele Dossier was a fabricated assembly of political dirt against Trump, the trial of Danchenko becomes more about the FBI corruption than lies by the defendant.   How can the same DOJ who willingly and willfully benefitted from the lies, now turn around and prosecute the liar.   Hillary Clinton lawyers providing the defense for Danchenko used this angle to criticize the prosecution in closing arguments.

(Via CNN) […] Danchenko lawyer Stuart Sears said prosecutors brazenly cast aside information that “doesn’t support their narrative that he’s a liar.” Sears pointed out how Durham turned on his own witnesses after they provided evidence that helped the defense.

“The special counsel attacked them mercilessly,” Sears said. “They attacked the credibility of the very witnesses they called in here, because they didn’t say what they wanted them to say.”  Sears added: “The government’s own evidence in this case proves that the defendant is not guilty.”

Durham’s team urged jurors to convict Danchenko on Monday, telling them to “look at his own words” in emails from 2016 that they believe prove that he later misled the FBI about his ties to a possible dossier source.  “You didn’t check your common sense at the courthouse door,” prosecutor Michael Keilty said. “You need to use it.”

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After CNN’s Dana Bash failed in her effort to make Arizona Republican Candidate Kari Lake look bad in an interview, Lake’s opponent Katie Hobbs came on the broadcast.  The difference between professional Kari Lake and the up-talking nonsense of Katie Hobbs is stark.

This is the first time I have watched Ms. Hobbs during a broadcast election interview, and it does not come as a surprise to see CNN not upload the outcome onto their YouTube channel for additional attention and replay.  Hobbs is a complete ideological idiot, and I don’t say that lightly.  How this woman is even being considered to become a governor is beyond my comprehension.  Seriously, WATCH:

https://youtu.be/ppxZCPDTqqY

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Who in their right mind would consider this a qualified candidate for governor?  Good grief, the only example this compares to is that 2007 Ms. Teen USA nonsense.  Hobbs even sounds like her. Yikes.

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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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Not that long ago, I would have said to allow the free market to decide if a merger or acquisition was valuable for the consumer.  However, in the era where massive multinational corporations, investment groups and financial institutions have now used corporatism to merge their interests with government, the massive multinationals need scrutiny.

Two major food retailers, Kroger and Albertsons, have announced their intent to merge into one massive company in a deal valued at $24.6 billion.  The majority stakeholders in Kroger are institutional investors Vanguard ($3.72 billion/11.29%) and Blackrock ($3.02 billion/ 9.17%).   The majority stakeholder in Albertsons is institutional investment group Cerberus ($3.90 billion/28.54%).

In the past few years, food has surfaced as a growing national security issue.  Foreign companies and large multinationals continue to expand their control over U.S. farm production and export U.S. farm products (Big Ag).  A major retail level move like the merger of Kroger and Albertsons creates a weaker competitive environment and gives a larger potential footprint to price control.

CBS – […] Together, the companies will have more than 710,000 workers and operate nearly 5,000 stores, along with roughly 4,000 pharmacies. Kroger, based in Cincinnati, Ohio, operates 2,800 stores in 35 states, including brands like Ralphs, Smith’s and Harris Teeter. Alberstons, based in Boise, Idaho, operates 2,220 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw’s. 

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In this brief segment on fall harvest inflation, NBC notes consumer prices for food stuffs continue increasing regardless of the economic action by the Biden administration. The reason is very simple and is outlined within the segment by Jacob Goebbert, the Goebbert’s farm general manager.  WATCH:

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The current inflation is embedded in the cost of products, because it’s a supply side issue.

Financial “experts” can shout all day long about the fiscal policy (spending) being the origin of inflation (ie. demand side), they’re wrong.  Our current inflation cycle, most notably evident within massive increases in food prices, is a supply side issue created by the increased energy costs.  Full stop.  It’s a Biden policy outcome.

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Joe Biden’s economic and energy policies have resulted in another record matching former President Jimmy Carter.  The Social Security Administration (SSA) has announced an inflation driven increase in SAA benefits of 8.7% beginning in January 2023.  This is the largest cost of living adjustment in 40 years.

(Social Security Administration) – Approximately 70 million Americans will see a 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, Social Security benefits will increase by more than $140 per month starting in January.

Federal benefit rates increase when the cost-of-living rises, as measured by the Department of Labor’s Consumer Price Index (CPI-W). The CPI-W rises when inflation increases, leading to a higher cost-of-living. This change means prices for goods and services, on average, are higher. The cost-of-living adjustment (COLA) helps to offset these costs.

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The Bureau of Labor and Statistics released the September Consumer Price Index (CPI) today [DATA HERE].  The financial and business media call the continued rise of consumer inflation “unexpected,” however, the results are not a surprise to those who are not pretending.

This CNBC headline highlights the economic pretense still entrenched: “Inflation increased 0.4% in September, more than expected despite rate hikes.”  Those who are not pretending fully understand the economic dynamic, but you will not find reality expressed by the mainstream media.

FED rate hikes can only impact the demand side of the inflation issue. U.S (and global) inflation is NOT the result of excess demand. It has not been driven by demand for over a year.  The root cause of inflation is on the supply side. That root is grounded in the energy policy making everything entering the marketplace more expensive.

The historic rise in energy prices; the result of Joe Biden’s specific energy policy to limit oil, gas and coal as energy resources; are what have driven inflation throughout the economy.  The monetary policy (Fed policy) continues to pretend this dynamic does not exist.  The FED is trying to support the political policy, but the bloom is off the ruse.

Overall inflation increased 0.4% in September, leading to a result of 8.2% year over year.  Food and energy prices continue driving inflation, additionally core inflation (everything except food and energy) continues to be driven by the originating issue of extreme energy costs.

Everything costs more because energy costs more.  That is the reality of this inflation issue.

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