The great pretending continues.  During a Sunday talk show appearance, San Francisco Fed Chair Mary Daley states, “what I see is supply and demand are just unbalanced. About 50% by my own staff’s estimates of the excess inflation we see is related to demand. The other 50% to supply.”  Note, she is not talking about energy.

Margaret Brennan, maintaining her position as the professional CBS narrative engineer, never thinks to ask: (a) where is this demand you speak of, and what exactly are they demanding? and/or (b) What is this 50% inflation on the supply side connected to?  Obviously, an actual probing of inflation wasn’t in the script. The great pretending continues.  [Transcript Here]

CTH has stated without reservation that August’s inflation report will show a significant –albeit temporary– drop in inflation as measured by the govt.  The drop in gasoline prices throughout July (created by a drop in demand) will allow the fiscal and monetary policy makers to falsely claim overall inflation peaked. However, after a brief respite the inflation now growing in the ground (massive increases in farm costs), will then launch into the food supply chain.  This delayed food inflation will overtake the energy inflation in the latter part of this year.  WATCH:

[Transcript] – MARGARET BRENNAN: We turn now to the state of the economy and the president of the San Francisco Federal Reserve Bank, Mary Daly. Good morning to you.

FEDERAL RESERVE BANK OF SAN FRANCISCO PRESIDENT MARY DALY: Good morning.

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Every once in a while, you come across an article that seems like one thing but is actually another thing entirely.  The NPR story of how “The U.S. made a breakthrough battery discovery — then gave the technology to China“, is one such article.

Several people sent this to us for opinion and review; however, the background of the article reveals something quite different. Then again, perhaps that’s exactly why NPR wrote it.

[READ THE STORY HERE]

It is important to read the story as presented by NPR, because it is oddly written as if someone is trying to use the outlet to get out ahead of something else.

The issue surrounds a new product technology called a vanadium redox flow battery.  Essentially the U.S. government funded scientists to develop an advanced battery that could store energy without degrading.  After success, the technology was then sent to China for manufacturing.  China then invested heavily in the product and used the technology to mass manufacture the battery for the global market. The United States is now behind in the product development and manufacture.

As the story is told in NPR, “the Chinese company didn’t steal this technology. It was given to them — by the U.S. Department of Energy. First in 2017, as part of a sublicense, and later, in 2021, as part of a license transfer.”  Except that’s not what happened at all.  There is some major ‘ass-covering’ in that false narrative.

The lead scientist working on the vanadium redox flow battery project was a man named Gary Yang.  Mr. Yang was born in China and emigrated to the U.S. becoming a U.S. citizen.  Yang worked with U.S. scientists to develop the technology and was funded by a multi-million research grant from the Dept of Energy.

After their initial success, according to NPR, “in 2012, Yang applied to the Department of Energy for a license to manufacture and sell the batteries.”  The Dept of Energy license was granted, and Yang launched UniEnergy Technologies as the parent company to develop the commercial application of the product.

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A few days ago, we were discussing the disconnect within the economy as it relates to corporate valuations.  The Bureau of Labor Statistics report today [DATA HERE] highlights another economic disconnect, this time with labor.  According to the BLS survey 528,000 jobs were added to the economy in July, the unemployment rate drops to 3.5%.

The household data [Table A] shows the number of eligible workers unemployed dropped 242,000; however, the number of eligible workers no longer in the workforce increased by 239,000.  The total labor force is shrinking as unemployment drops.

Keep in mind the previous BLS survey of job openings (JOLTS report) showed available jobs dropped 605,000 in July.  “On the last business day of June, the number and rate of job openings decreased to 10.7 million (-605,000) and 6.6 percent, respectively. The largest decreases in job openings were in retail trade (-343,000), wholesale trade (-82,000), and in state and local government education (-62,000).” [JOLTS survey]

Going back to today’s release, 303,000 part-time jobs were added in July; these are workers working part-time for economic reasons.  The Household Data shows that within the leisure and hospitality sector [Table B-1] restaurants and bars added 74,000 jobs.

If we combine both BLS surveys two days apart is: 605,000 job openings cancelled, and 528,000 new jobs gained.

Of the 528,000 new jobs gained, 303,000 were part time jobs with the largest growth in the jobs in restaurants and bars.

Again, blending data from both reports and focusing on retail.  The retail sector cancelled 343,000 job openings in July, and the retail sector added 21,600 jobs in July.  Within the retail sector (table B-1), jobs at automotive dealers, furniture stores and clothing/apparel stores dropped by a combined 7,200 jobs.

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Arizona Senator Kyrsten Sinema has announced her support for the senate climate change spending and tax proposal after some modifications to the new taxation.

To support the hedge fund donors, Senator Sinema insisted the carried interest loophole tax provision be removed and instead replaced with a corporate tax on stock buybacks.  Any time a corporation wants to buy back their own shares of stock, they will now pay the U.S. government a tax for doing so; at least that’s the ¹intent.

[¹Note: taxing shares of company stock will never work, because that’s exactly what shell companies were designed to avoid.  Set up a child shell company to purchase the stock and the parent company doesn’t pay taxes on the child’s purchase.  It’s a shell game]

Additionally, according to reports, there is some kind of agreement to modify the 15% corporate minimum tax.  Details unknown.  Bottom line, Senator Sinema now supports the $700 billion climate change spending and tax proposal.

“We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation,” Sinema said, signaling that she plans to vote to begin debate on the bill.  “Subject to the parliamentarian’s review, I’ll move forward,” she said.  (link)

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Tucker Carlson used his opening monologue tonight to discuss George Soros and the efforts of the Soros foundation to fund activist state prosecutors who will not enforce laws. The Soros agenda is an end-run around the U.S. constitution that empowers We The People to enact laws and rules of society through legislative representation.

By selecting prosecutors who will not enforce laws against criminal behavior, the Soros initiative subverts the voice of the people.  Florida Governor Ron DeSantis is the first governor to use his state constitutional authority to remove an activist prosecutor.  Tucker Carlson interviewed him immediately after the monologue. {Direct Rumble Link} WATCH:

The monologue that preceded the interview is below.

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The long-term motives and plans of the J6 committee and their coordination with the DOJ are starting to come into increased clarity as the mid-term elections draw near.

A key indicator of the strategy from within the J6/DOJ effort surfaced when the quasi-constitutional “committee” sent a subpoena to former President Trump legal counsel Pat Cipollone, then leaked the subpoena, then leaked the testimony, then shaped, edited and broadcast the testimony during their prime-time broadcast.   After the J6 broadcast, attorney Cipollene was then subpoenaed by the DOJ and recent reports indicate he is being called to testify before a grand jury.

The legal strategy, hereafter called by what it is, a Lawfare strategy, is now clear.

The legislative branch, specifically the J6 committee, is attempting to use their self-created legislative legal authorities, to fracture long established attorney-client privileges, and then send the results to the DOJ for use against the client of the attorney.  This explains the importance of former White House attorney Lisa Monaco taking up her position as Deputy Asst Attorney General.

The DOJ would be shut down by any ordinary court of jurisdiction, even in the heavily political Washington DC system, if they attempted to get a lawyer to give testimony about his legal advice to a client.  It is one of the most basic tenets and legal privileges in our system.

Attorneys cannot be compelled to give testimony against their clients, it is a standard long accepted in our legal system.  Any attorney who would break the confidence of the attorney-client privilege would lose their license.

Additionally, as the president, other privileges exist for President Trump, specifically the executive privilege to receive counsel or advice -from any person- on any issue that would pertain toward the administration of the executive office.  The president needs to be able to receive information in confidence, and the people giving advice and counsel need to be able to speak freely without fear the content of the conversation would later be used by another entity not involved in the issue at hand.

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Keeping with historic trends in Puerto Rico, another corrupt governor has been arrested and indicted on corruption, bribery and fraud charges.  Wanda Vazquez Garced replaced Ricardo Rosselló after he was accused of racism and having a homophobic cabinet.

During her term in office, millions of dollars’ worth of Hurricane Maria aid was discovered being stored and sold on the black market from various warehouses. [Go Deep]

The hurricane supplies provided by U.S. taxpayers were never given to citizens and were instead being used by government officials and sold to retailers. The Housing Secretary (Fernando Gil), the Department of Family Secretary (Glorimar Andújar) and the director of Puerto Rico’s emergency management agency were all fired as part of the scandal.

Governor Wanda Vazquez lost her primary reelection bid in August 2020, and today was indicted for corruption, bribery and wire fraud.

(Via DOJ) -A former governor of Puerto Rico was arrested today on bribery charges related to the financing of her 2020 campaign.

Relatedly, a political consultant for the former governor and the president of the international bank have also pleaded guilty to participating in the bribery scheme.

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Under the Florida constitution the Governor has the authority to suspend state officials for reasons of misfeasance, malfeasance, neglect of duty, drunkenness, incompetence, permanent inability to perform official duties, or commission of a felony. The Governor has further authority to fill that office by appointing a replacement for the duration of the suspension.  Today, Florida Governor Ron DeSantis suspended Hillsborough County state prosecutor Andrew Warren for failing to enforce the laws of Florida.

Specifically, Andrew Warren had announced he would not enforce laws created by the Florida legislature that were as against his personal political outlooks. Warren publicly stated he would not enforce laws restricting abortion, anti-riot laws, and any law that sought to protect children from adult predators.  “We don’t elect people in one part of the state to have veto power over what the entire state decides on these important issues,” Governor DeSantis said.

Governor Ron DeSantis made the announcement of the suspension and replacement in Tampa, with a group of law enforcement and sheriffs from across the state. WATCH:

This was/is a bold move and Ron DeSantis is well supported in Florida for doing it.

TAMPA, Fla.— Today, Governor Ron DeSantis suspended State Attorney Andrew Warren of the 13^th Judicial Circuit due to neglect of duty. The Governor has the authority to suspend a state officer under Article IV, Section 7 of the Constitution of the State of Florida.

The Governor has appointed Susan Lopez to serve as State Attorney for the period of suspension. She has most recently been serving as a Judge on the Hillsborough County Court. To view the order suspending Andrew Warren and appointing Susan Lopez, click here.

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Democrat Senator Joe Manchin wears the purple tie today as he answers questions from the DC legislative narrative engineers.  There are two videos below.  The first is a general presser with multiple members of the DC media (print journos) about the Green New Deal energy bill he negotiated with Senator Chuck Schumer. The second video is an interview between Manchin and Fox News host Harris Faulkner.

Unfortunately, in both the presser and the direct interview no one pins Manchin down on where “expanded energy production” of the bill is located.  Manchin claims there is legislative language in the deal that supports the fast domestic production of oil, coal and natural gas to meet the immediate issue of skyrocketing energy prices.  However, Manchin is a smooth operator, and he states confidence that rapid and expanded development of oil, coal and gas is part of the deal.  WATCH:

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There was a lot of back-and-forth hostility between the government of China and the administration of Joe Biden in advance of Nancy Pelosi’s trip to Taiwan.  Some Chinese state media even suggested a possibility that Pelosi’s plane could be shot down.  However, none of the threats materialized.

Yesterday it was obvious the White House was attempting to diffuse the aggressive grievances of Beijing when spokesperson John Kirby, technically the NSC Coordinator for Strategic Communications, made a specific statement:

“The world has seen the United States government be very clear that nothing has changed — nothing has changed — about our One China policy, which is of course guided by the Taiwan Relations Act, the Three Joint U.S.-PRC Communiqués, and the Six Assurances.  We have said — and we have repeatedly said — that we oppose any unilateral changes to the status quo from either side.  We have said that we do not support Taiwan independence.  And we have said that we expect cross-Strait differences to be resolved by peaceful means.”

Those six words, “we do not support Taiwan independence,” was a very deliberate and public assurance to China.  Essentially, the United States will not do anything to support the independence of Taiwan, do whatever you want.  Joe Biden took a knee to Chairman Xi.  As a result, Beijing dropped back their tone to traditional rhetoric saying in a statement Tuesday morning, the visit “seriously infringes upon China’s sovereignty and territorial integrity.”

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