The female equivalent of Barack Obama (albeit with less oratory skills), Kamala Harris, delivered remarks on the U.S. economy and the Biden administration’s ongoing efforts to curb inflation at the 90th Annual Meeting of the U.S. Conference of Mayors {full video}.
During the speech, Kamala delivered another profound ‘Deep Thought‘ reflection to the captivated audience. WATCH (18 seconds):
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This person is medicated or under the influence.
During press remarks yesterday, Joe Biden implied that Ukraine may need to cede territory in Eastern Ukraine to Russia as part of a “negotiated settlement.”
The statement came at the end of remarks centered around the May jobs report and Biden’s claim that U.S. consumers were in the best economic position of the past decade, therefore the government must begin increasing direct subsidies to offset energy costs and massive inflation pressure. When Biden was asked, “does Ukraine have to cede territory to achieve some peace?” he stated:
[Transcript] – [F]rom the beginning, I’ve said and I’ve been — not everyone has agreed with me — nothing about Ukraine without Ukraine. It’s their territory. I’m not going to tell them what they should and shouldn’t do.
But it appears to me that, at some point along the line, there’s going to have to be a negotiated settlement here. And what that entails, I don’t know. I don’t think anybody knows at the time.
But in the meantime, we’re going to continue to put the — the Ukrainians in a position where they can defend themselves. Thank you all so very much. (link)
It has been obvious from the outset that annexing Eastern Ukraine, the region containing a majority pro-Russia population, was always the intended objective of Russian aggression. With Biden making this admission public, it raises the question then why did we agree to send $40 billion?
There was a really bizarre dichotomy on display today within the teleprompter script prepared for Joe Biden to use.
Dear Leader took to the microphones to brag about his economic accomplishments and remind Americans how all good thinking people should be feeling:
[Source Transcript] – {Direct Rumble Link} WATCH:
Do you hear what he is saying? Americans have less debt, their savings are up, and they are more comfortable financially today than ever before.
If those remarks were based on reality, then why was the following segment stated exactly 52 seconds later in the same script?
…”one way we can make things a little better for families is by helping them save on other basic items their family needs on a monthly basis, like their utility bills, their Internet bills, their prescription drug bills, and other costs like housing. My goal is to make sure that at the end of the month families have a little more breathing room than they — than they have now.” (link)
These are not two different speeches; these are two paragraphs a few moments away from each other in the exact same speech. [Full Transcript Here]
This speech should ring massive alarm bells, not because of what is being said – but because the people behind Biden are just phoning in the propaganda now and not even trying to hide it or give the illusion of a president in control. No president, in command of the office and the issues, would read those two paragraphs of a prepared speech and not point out the literal hypocrisy his handlers were telling him to read.
The Bureau of Labor and Statistics (BLS) has released the May jobs report {DATA HERE} showing a net 390,000 jobs added overall.
The leisure and hospitality sector gained 84,000, as restaurants and hotels appear to be recovering from the massive pandemic losses. However, within the reporting there is concern about the sectors that are now showing signs of increased employment weakness, including 61,000 job losses in retail.
The unemployment rate remains the same at 3.6% in May. About 330,000 people joined the labor force, however the participation rate remains below prepandemic levels.
Most analysts like the Wall Street Journal are explaining the contradictory sector specific numbers by saying, “Consumers, who loaded up on goods such as televisions and furniture early in the pandemic, have started to shift their spending to in-person services such as travel or restaurant meals.” While there may be some truth to that outlook, it appears that most macro-perspectives are still discounting the extreme increases in price that are now baked into this new ‘transitional economy.’
Consumer purchasing is very prioritized because food, fuel, energy and housing are now eating up much more of the average person’s paycheck. People cannot pay 30 to 50% more at the gas station and grocery store and still retain disposable income for durable goods purchases. That’s the basic issue.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned of a “hurricane” as the economy struggles against fiscally induced growth, quantitative tightening and Russia’s invasion of Ukraine. Mr Dimon was delivering remarks at a conference sponsored by Alliance Bernstein Holdings Wednesday.
Higher oil prices, higher fuel prices, higher energy prices and much higher food prices are all looming over the horizon as the Biden administration switches the baseline for the U.S economy from oil and gas to the Green New Deal energy program. Things are going to get worse, the question is, how much worse? WATCH:
You do not need anyone to affirm that Main Street is in trouble, you can see it all around you. Inflation is crushing blue-collar and white-collar workers as prices continue to rise on essential goods. Consumer spending is now prioritized around the higher cost of housing, energy, gasoline and food. Family earnings are spent before the paychecks arrive for most Main St workers, and now we are starting to see the alarming result economic contraction, beginning with small businesses.
That’s the message within the ADP private sector payroll report released today [DATA HERE], which shows a contraction in small business employment. Economists were looking for private payroll increases in the 300,00 range; but the result was far lower at 128,000. Small businesses lost 91,000 jobs in May. Main Street is in trouble.
WASHINGTON, June 2 (Reuters) – U.S. private payrolls increased far less than expected in May, which would suggest demand for labor was starting to slow amid higher interest rates and tightening financial conditions, though job openings remain extremely high.
Private payrolls rose by 128,000 jobs last month, the ADP National Employment Report showed on Thursday. Data for April was revised down to show 202,000 jobs added instead of the initially reported 247,000. Economists polled by Reuters had forecast private payrolls increasing by 300,000 jobs. (read more)
Treasury Secretary Janet Yellen has more financial and analytical resources at her fingertips than thousand hedge funds combined. When Secretary Yellen claims today that she “got it wrong” about inflation, what she is doing is continuing the game of pretending; she’s positioning the administration as incompetent, not deliberate.
The illusion of incompetence plays into the scheme of hiding the fact the administration is working through a purposeful strategy. In the game of pretending; and under the current circumstances; it is better to be seen as incompetent than recognized as working with malicious intent. This is the illusion behind Joe Biden’s usefulness.
This is also the organized pretending game within DC that too few people will accept or admit. The Treasury Secretary and Federal Reserve Chairman are not making mistakes, they are working on a specific agenda and economic plan. Federal Reserve Chairman Jerome Powell was not late to raise interest rates, he waited on purpose. He waited for the political reason of waiting until the triggered 2021 inflation spike cycled through the full calendar year.
These are not monetary policy leaders making monetary policy mistakes. These are monetary policy political ideologues, carrying out a political agenda within the U.S. economy. This is part of what National Economic Council Chairman Brian Deese would call the “economic transition.” WATCH this through the correct prism:
Does anyone remember during the Jimmy Carter era when odd/even days on license plates to get gas? Well, if the International Energy Agency is accurate, and the issue extends into the U.S. as predicted by many industry insiders, we could very well see gasoline rationing once again.
Beyond all the obfuscation, denial and continual pretending, the reason for the gasoline shortages is related to this forcible shift in energy policy that is underway in Europe and the United States. It’s not a shortage of oil, it’s the new era where the Green New Deal is the policy priority. The people within the Biden administration do not care about the consequences, Biden is pushed in front of the camera as a useful idiot to take the blame.
Business Insider – The US could see fuel shortages this summer once people start taking their vacations — and Europe could take a particular hit from the lack of supply, the head of the International Energy Agency has warned.
“When the main holiday season starts in Europe and the US, fuel demand will rise,” Fatih Birol told Der Spiegel. “Then we could see shortages — for example, in diesel, petrol or kerosene, particularly in Europe.”
Joe Biden sought counsel today from New Zealand Prime Minister Jacinda Ardern about how best to remove firearms from Americans and force the U.S. economy to a dependency on renewable energy. Prime Minister Ardern took the top spot in the global progressive movement after the retirement of German Chancellor Angela Merkel.
PM Ardern, a remarkable smiley-faced fascist, now represents the face of modern global leftism and boned-up her progressive bona fides with the totalitarian New Zealand COVID policy. The corporate fascists within the World Economic Forum love the government compliance model represented by Ardern to the collective global society they are creating.
New Zealand has a population of 5 million people, and a GDP of $205 billion (about the same as Nevada). By comparison the U.S. has a population exceeding 350 million and a GDP exceeding $21 trillion. That said, during their White House meeting today, Joe Biden emphasized that he welcomes the assistance of PM Ardern in helping to guide U.S. efforts for firearm regulation and a comprehensive climate change driven renewable energy economy.
[Transcript] – […] You understand that your leadership has taken on a critical role in this global stage — and it really has — galvanizing action on climate change; the global effort to curb violence, extremism, and online, like happened in Christchurch.
And — you know, we want to be — I want to work with you on that effort. And I want to talk to you about what those conversations were like, if you’re willing.
Anytime you hear the code-word “transition”, what the explainers mean is the change from traditional oil, gas and fossil fuels to renewable energy and the Green New Deal. The phrase “economic transition” is used to explain the economic collapse of Main Street that will happen during the switch. Remember THE GOAL? It has never changed.
National Economic Council Director Brian Deese, aka the U.S. version of Baghdad Bob, appears before several audiences today in an effort to use as many words as possible to explain the “transition,” without actually explaining the “transition.” Why? Because they don’t want the average person to know what the “transition” is all about…. Because if the average person knew what this “transition” is all about, then they might realize all of these massive increases in price are being done intentionally. WATCH:
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Again, you guys are going to get sick of me saying this…. BUT, the number one problem our country faces is that the vast majority of us are PRETENDING.
The White House is pretending the U.S. government does not have full control over what is happening in the economy. The media are pretending not to know that the White House is avoiding admitting the agenda and economic pain is intentional and unavoidable. The republican politicians are pretending the Biden economic transition program is because the White House is incompetent. All of these -and so many more- are just pretenses.
What is being done by the government, in this decision to switch from an oil and gas economy into a wind and solar economy, is being done on purpose. Yes, everyone at every level of government, both political parties and every agency within it, and the entirety of the corporate media are pretending not to know this is the Green New Deal taking place.
We cannot confront or solve this stuff, until we -including media- stop pretending. Brian Deese is Baghdad Bob.
I will not eat the bugs.