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 mandate.  WATCH:

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Mohamed El-Erian, Allianz and Gramercy advisor, is one of the least dishonest people amid the Wall Street propaganda crowd.  Although due to peer pressure, he still tends to couch his economic analysis behind the CNBC screen of pretending not to know things.   [On a personal level, I bet this guy is 80% cash right now.]

This interview is generally not that impressive.  However, at the very end of this segment talking about inflation, what El-Erian says about the first 10 days of June is 100% and he’s the first person to say it. But he won’t repeat it.  WATCH (Prompted):

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He’s looking at the same data set we are.  Watch closely when the May Producer Price Index (PPI) is released (origination, intermediate and final demand to wholesalers), we will see how the inflation costs are continuing to accumulate in the supply chain for all goods and leaking over into the vulnerable service sector now.

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It’s worth paying attention to where and when Joe Biden is standing when he makes his ridiculous economic claims today about Russia being the cause of the energy policy from the White House.

Do not let it go unnoticed that it’s June, the last month of the second quarter for economic data.  Do not let it pass your reference that Joe Biden is speaking from the Port of Los Angeles (POLA) as he spins his nonsense about the inflation, he alone is responsible for.  And do not overlook the attendee mentioned in this subtle statement, “And, John, I can’t thank you.  You’re — you’re the real deal.  Anybody — well, I won’t get into — get you in trouble, but thanks for sticking up for me.”

“John” is the White House Port Envoy John D Porcari. A severely partisan former Obama official who was selected by Joe Biden to lead the fraudulent effort to improve supply chains when the White House was under assault in the fall of 2021.  Porcari was the person who designed “operation hide the ships” to give the illusion of port efficiency improvement, and it is almost a certainty that it was Porcari who leveraged his influence with the POLA to hold back the December 2021 import data in order to try and improve the GDP statistics.  {GO DEEP}

A recession is defined as two consecutive quarters with negative GDP growth.  The first quarter of 2022 was -1.5% as detailed by the Bureau of Economic Analysis.  That means if April, May and June 2022 are also negative GDP then we are factually in an economic recession.   That makes this month, June 2022, critical for Joe Biden.  The White House will do anything to avoid that label appearing on their economic policy when the reporting is released at the end of July.

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The Express.UK has a poll released today [DATA HERE] showing U.S. sentiment toward the Ukraine crisis.  “More Americans believe that it would be better for them for Biden to be removed (56 percent) than Putin (43 percent).” Also, “Russia is also only seen as the fourth biggest international threat (14 percent) compared to China (45 percent), Iran (20 percent) and North Korea (17 percent).”

The entire poll is devastating for the Biden administration – SEE MORE HERE

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It looks like the Biden administration has quit pretending about their energy policy. Joe Biden’s Commence Secretary Gina Raimondo and Treasury Secretary Janet Yellen both threw in the towel on gas prices today saying, “there isn’t very much more to be done.”

The high gas prices are an intended feature of the climate change ideologues controlling U.S. energy policy. WATCH (44 secs):

Janet Yellen soundbite below.

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Surprisingly this NBC report admits the obvious.  The national price of a gallon of unleaded regular gasoline is projected to hit $6.00/gal by Labor Day.  Some states like California are already exceeding that amount, with reports that some CA gas stations are near $10/gal.  WATCH (1:08 sec):

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Earlier today, Joe Biden, working toward the agenda of Elizabeth Warren, Bernie Sanders, Wall Street multinationals, and the radical climate change activists within the far left of the socialist democrat party, declared a national emergency around the issue of U.S. energy prices and policies. [SEE HERE]

On the front side of the justification, the people in control of the Biden administration, claim that current and future increases in energy prices are likely to do severe damage to the economy and the lives of all Americans.  However, in the background of the issue, this is the ‘never let a crisis go to waste’ phase of an energy crisis the administration has intentionally created.

The real goal is to fundamentally transform the foundation of the U.S. economy away from fossil fuels and into a new era of clean renewable energy. This is what all of the Biden cabinet officers now refer to as the “economic transition” phase.

Joe Biden’s executive announcement today is the triggering of increased federal government control over the United States energy system.

Ideological government intervention, completely disconnected from the free market, is facilitated by the declaration of a federal national emergency:

[WHITE HOUSE] – Today, President Biden is authorizing the use of the Defense Production Act (DPA) to accelerate domestic production of clean energy technologies – unlocking new powers to meet this moment. Specifically, the President is authorizing the Department of Energy to use the DPA to rapidly expand American manufacturing of five critical clean energy technologies:

• • Solar panel parts like photovoltaic modules and module components;
  • Building insulation;
  • Heat pumps, which heat and cool buildings super efficiently;
  • Equipment for making and using clean electricity-generated fuels, including electrolyzers, fuel cells, and related platinum group metals; and
  • Critical power grid infrastructure like transformers.

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Within the same 30-day cycle Joe Biden asked Venezuela to produce and deliver more oil in order to help him politically.  The Venezuelan government, having been the subject of an attempted coup and sanctions driven by the DC interventionist mindset, refused to assist.  Joe Biden then refused to invite Venezuela to his Latin-America summit scheduled for this week.

Latin-America leaders are not stupid.  It doesn’t matter whether the self-interested bully comes from the east or the west, they are not blind to the parasitic self-interest contained within the blackmail of any larger nations on the geopolitical stage; especially as the cleaving of the west and east is taking place with increased ferocity.

Today Mexican President Andres Manuel Lopez-Obrador announced he will not attend Joe Biden’s Latin-America summit.

AMLO joins the leaders of Bolivia, Guatemala, Honduras and the tiny Caribbean state of St. Vincent in refusing to attend the summit because Cuba, Venezuela and Nicaragua were blocked from attending by the Biden administration.

(Via Wall Street Journal) – […] After weeks of wrangling over the issue amid threats of country boycotts, the administration excluded the three autocracies due to U.S. concerns over human rights and lack of democratic institutions in those countries, the officials said. The regional summit, scheduled for June 6-10 in Los Angeles, is expected to focus on migration and economic issues.

“I’m not going because not all the countries of America are invited,” said Mexican President Andrés Manuel López Obrador Monday at his daily press conference. The Mexican leader said he had a good relationship with Mr. Biden and that he planned to visit the White House in July.

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Last Friday the Biden administration raised the mandatory amount of biofuel, specifically ethanol, that must be blended within the U.S. gasoline supply.  The previous amount of 10% (summer blend) was raised to a year-round 15% (waiver) by the Environmental Protection Agency (EPA).  This is likely to lead to two sets of bigger issues, less food and higher gas prices.

♦ First issue. – The Renewable Fuel Standard (RFS) is a government mandate, passed in 2005 and expanded in 2007, that requires growing volumes of biofuels to be blended into U.S. transportation fuels like gasoline and diesel every year.  Approximately 40 percent of corn grown in the U.S. is used for ethanol.  Raising the amount of ethanol required in gasoline will result in the need for more biofuel (corn).  With farming costs and outputs already under pressure this could be problematic.

♦ Second issue – The EPA enforces the biofuel standard by requiring refineries to submit purchase credits (known as Renewable Identification Numbers, or RINs) to the Environmental Protection Agency (EPA) proving the purchases.  This enforcement requirement sets up a system where the RIN credits are bought and sold by small refineries who do not have the infrastructure to do the blending process.  They purchase second-hand RIN credits from parties that blended or imported biofuels directly. This sets up a secondary income stream, a trading market for the larger oil companies, refineries and importers.

The RIN credit trading platform is similar to what we might expect to see if the ‘Carbon Trading’ scheme was ever put into place.   However, now that summer biofuel requirements for blended gasoline have gone from 10% to 15%, the price of the RIN credits will likely jump.  This will cost refineries billions in additional expenses,…. which will mean the cost of the gasoline from the refineries will increase,….. which will mean the cost of the gasoline at the pump will go higher.

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Here is one succinct interview containing the smorgasbord of far-left policies the people behind Joe Biden are proposing as the solution to the inflation crisis they have created. It is remarkable to see it all packed into one 8-minute segment.  There is so much crazy in here it would take a week of articles to unpack it.

The ultra-leftist Biden Transportation Secretary, Pete Buttigieg, appears on ABC with George Stephanopoulos to discuss the solutions to the massive economic collapse that looms all around us.  Within the interview Buttigieg states the Biden administration goal is to use the high cost of living (policy driven inflation) as an opportunity for the government to take over household expenses and create equity via government distribution.

If reasonable people do not intervene quickly, the executive branch and legislative branch will move to begin subsidizing and controlling medicine, childcare, housing and food costs by diverting tax dollars into the social equity system.  Depending on income, the Biden administration plans to offset higher prices for Americans by providing the essential services and products they need.  In essence, Democrat-Socialism with a filter of equity in distribution, ie “enhanced dependency.”  WATCH:

Remarkably, Stephanopoulos references one of the most insane New York Times op-ed’s ever written around economics {ARTICLE HERE}.  Within the reference, the Democrat legislative proposal is for the government to take over the purchasing of essential products like food, fuel, gasoline and medicine.  The government would then distribute those products.  The entire premise is based on some academic leftist theory of economics that is just nuts. It looks nothing like capitalism.

The baseline for the approach contains the premise that inflation is driven by too many people chasing scarce goods. Thus prices are rising.  This is how the Democrats look at inflation and explain the problem.  Their solution is for government to buy the food at the prices they claim people cannot afford, and then sell the food at prices they claim the people can afford.  [Replace ‘food’ with any item they determine]

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