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Get Beyond the Gaslighting – Media Now Falsely Claim Biden Administration Underestimated Negative U.S. Economic Impact from Russian Sanctions

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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Retail Sales Turn Negative in May Reflecting Continued Contraction Within Economy

The U.S. economy is 70% driven by consumer spending.  When consumers stop spending the economy shrinks, it is that simple.  The U.S. Dept of Commerce has released the May retail sales [pdf DATA HERE], showing a 0.3% drop in retail sales for the month.  If you are interested in details, look at Table-2.

The critical point to remember is this sentence extracted from CNBC, “the numbers are not adjusted for inflation, which increased 1% for the month on the headline number and 0.6% excluding food and energy.”  Everyone ignores this point, and every MSM economist pretends not to know it.

Retail sales -as measured in units purchased- have been in a contracting position since June of 2021.  When the current data shows a drop of -0.3% in May, the actual drop in retail sales is much, much greater.  The dept of commerce calculates retail sales in dollars.  When prices are 20% higher and sales are low, retailers are selling less stuff (less units) at higher prices.  This has been the reality of our economy for several months.  This is also why productivity has been declining for more than a year.

If you take the 8.6% inflation rate (far understated) and an aggregate drop in sales of 0.3% (again, far understated as a measure of inflation), that means consumers are spending limited incomes on critical or essential purchases like housing, food, fuel and energy.  Consumers are not purchasing durable goods; people are hunkering down.

Yearly retail sales (May ’21 compared to May ’22) are +8.1%.  However, yearly retail inflation for the same period is +8.6%.  Again, reflecting that less stuff is being purchased inside the economy at higher prices.  If the commerce dept was measuring actual units being purchased, we would be seeing massive drops in sales.

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Economic Security is National Security, and the Foundation of Economic and National Security is Energy Policy, Biden is a Threat to National Security

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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Production Prices Continue Exceeding Current Consumer Prices, Meaning Higher Prices Still Coming

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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Biden Senior Climate and Energy Policy Advisor Demands Social Media Companies Immediately Block Content Identifying Biden Policy as Source of Energy Inflation

There is one big problem for the people inside the Biden administration executing the Green New Deal energy policy, the massive increases in energy cost including gasoline.

You see, everything is an academic estimate until the actual Green New Deal is transferred from theoretical policy into a set of actions that creates a major disruption in the economy.  As things in society start to collapse; and as people begin to really feel the inflationary consequences of the Biden energy policy in action; suddenly all of those ‘talking points’ about shutting down the fossil fuel industry take on a new meaning.   People didn’t realize the Green New Deal was going to mean $10/doz eggs, $15/gal milk, $20 happy meals at McDonalds, or $150/tank of gasoline…. Now they are paying attention.

For former EPA Administrator Gina McCarthy, the current senior climate and energy policy advisor within the White House, all of these ‘in your face‘ surfacing Green New Deal consequences have become problematic for the Biden administration.  Her proposed solution, however, is rather remarkable.

In this interview discussing the skyrocketing inflation and consequences created by the Green New Deal policies, Gina McCarthy urgently begs all of the social media companies to start removing the content from American people who are giving real world examples of the pain and economic hardship they are feeling.  McCarthy says that if social media do not start to help Joe Biden hide the pain, the climate change agenda might be at risk.  WATCH [11:00 prompted]:

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S&P 500 Closes Down 20 Percent from High, Officially a Bear Market

The S&P 500 fell 151.23 points, or 3.9%, to 3749.63. The Dow Jones Industrial Average dropped 876.05 points, or 2.8%, to 30516.74. The tech-heavy Nasdaq Composite declined 530.80 points, or 4.7%, to 10809.23 (33% lower that the November record).

CNBC – […] U.S. stocks on Monday entered a bear market because the S&P 500 closed more than 21% below its all-time record close reached as recently as last January, S&P Global Dow Jones Indices senior index analyst Howard Silverblatt wrote.

Stocks had been flirting with a bear market for the past several weeks on an intraday basis, but had never actually closed below 3837, the level S&P Global needed to see in order to officially declare one.

S&P Global says a 20% decline in the S&P 500 on a closing basis from its previous peak is all it takes to define a bear market. Which means that this bear market is already more than five months old, since the S&P 500 all-time high came on January 3. (read more)

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Washington DC is Concerned About Inflation

They might even hold hearings on it….

Sunday Talks, El-Erian Speaks in Coded Language About Inflation Not Going to Improve

Mohamed El-Erian is generally more correct than most, but the insufferable coded language he is required to use makes it difficult for the ordinary person to see exactly what he is saying.   For this CBS segment, we will apply the decipher. [Transcript Here]

Notice this key phrase in the beginning of his discussion of inflation. “Of course, we know about the Ukraine war, we know about the energy transition, also the Federal Reserve mischaracterize inflation and fell behind.”  No, Mohamed, most Americans do not know about the forced energy transition and how that has created this unavoidable inflation spiral.  How about dropping the code and saying it directly?  Joe Biden initiating the Green New Deal means much higher prices are permanent.

El-Erian speaks about supply side inflation, but doesn’t want to talk about the next phase, demand and service side inflation.  The three month inflation data is higher than the year-over-year inflation data. That means inflation is growing.  There is no way for inflation to drop when the most recent price increases are significantly higher than the previous price increases.  Inflation is now detached from any intervention. WATCH:

Consumer demand for non critical goods are contracting at the same time prices continue rising (that’s stagflation).  Demand side contraction, what El Erian calls “demand destruction,” means lost jobs (that’s recession).  Food, fuel and energy prices all continue rising.  The field costs are higher than current fork costs, and that (30%+) wave of inflation coming in from over the horizon is going to blow the doors off any economic growth.  The process is unavoidable now.

The credit markets will feel the impact before the end of the year as consumers will no longer be able to make payments for loans, and still eat.  Mortgage defaults will increase, vehicle repossessions will increase, credit card debt and bankruptcies will increase. The credit markets will get drowned in a tsunami of default.  That’s the direct language El Erian will not use, but it is present inside the coded-language he does use.

If you did not purchase a house this year, you are ahead financially.  Equity and values are plummeting.

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Americans Respond to Biden Saying U.S. Economy is Great

An independent journalist named Savanah Hernandez took to the streets in Dallas, Texas, to ask ordinary people what they think about Joe Biden’s economy and his continued claims that everything is ok.  She shares her findings in a short video segment. {Direct Rumble Link}

“Biden keeps touting America’s “strongest, fastest, economic recovery” & that “Americans feel more financially comfortable”. So, I went out on the streets of Dallas to ask real Americans if this was true”…  WATCH:

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In the background of these interviews, it is worth emphasizing that no other political candidate -from either side of the aisle- has the ability to reach such a broad segment of the U.S. population as Donald J Trump.  The Trump coalition is the largest and most diverse assembly of the American electorate that cuts through all categorized special interest groups.  It has been this way from the outset.

The broad support for the economic nationalist, America-First, commonsense agenda and platform created by Donald Trump, is the exact reason why DC democrats and republicans need to try and take him out of the arena.  Trump represents the majority sentiment, and the basic framework of his policy positions appeal to every spectrum of the American working class.

With Donald Trump in the picture the democrats are left with a very small, fragmented political support system consisting primarily of uppity white liberals, left-wing racists and toxic democrat-Marxists.

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Despite Massive Media Promotion and Every Outlet Pushing, J6 Prime Time Hearings Fall Flat with Less Than Half Regular Audience

Despite every single media outlet, broadcast and cable, promoting the J6 committee hearings which aired on every channel during prime-time viewership, the total Neilsen audience was around 20 million.  According to media tracker Joe Concha that’s about half an ordinary viewership for the regular broadcast networks.

Given the amount of attention the corporate media pushed in advance, the results are a major failure for the J6 effort.  As noted by Just The News, the ratings were “dismal.”

Tucker Carlson opened his show tonight talking about the media fiasco, and Tucker is also the only broadcast to cover the new Biden ethanol mandateWATCH:

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