Kraft-Heinz has announced the next wave of anticipated inflationary prices for their products.  The announcement, and the timeline they provide for the price increases, is exactly in line with our prior estimations.

Prior CTH outlines on the path of inflation for this specific company are HERE (Dec) and HERE (Jan).  Keep in mind, depending on the size of the buyer or wholesaler, and depending on the terms of the contracts for purchase, generally speaking, terms are net payment in 30, 60 or 90 days based on 180 day contracted price agreements which include rebates to retailers.

(Reuters) […] “The company expects inflation to be in the low-teens percentage range for 2022, with higher levels in the first half than in the second, said Chief Financial Officer Paulo Basilio.” (link)

Both Proctor & Gamble and Kraft-Heinz provide the best data points to predict future retail grocery inflation.  Based on their previous notifications, we can now see that Kraft is anticipating the March – July rates of increase to remain approximately where they have been (20 to 30%) and then stabilize in the last half of the year bringing the yearly average into the “low teens.”  This timeline is what we predicted back in October.

The prices we will see at the grocery stores will rise again in the spring (this is the backside of the inflationary cycle), continue through mid-summer, and then price increases should likely level off at the end of summer this year.  Between the price today and the price at the point of leveling is approximately a 20% increase.

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The New York Times is reporting, “Tow-truck operators, who have been reluctant to cooperate with the police, will also now be compelled to work with law enforcement agencies to clear Ottawa’s streets and the border crossings at Coutts, Alberta. If they don’t cooperate, they could face arrest.” (link)

Meanwhile, the pontificating pustule of sanctimonious pomposity, Canadian Prime Minister Justin Trudeau, is doubling down on his position that in order to save democracy in Canada his administration must first destroy it:

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Additionally, the Ottawa Police Chief, Peter Sloly, has resigned amid severe criticism from the far-left communists in Canada, because he did not crack down hard enough on the people demanding freedom from oppressive COVID mandates.

[…] Peter Sloly’s resignation as Ottawa police chief, which was confirmed by the minister of public safety, came after Mr. Trudeau took the rare step of declaring a national public order emergency aimed at stopping protests that have roiled Canada for weeks. (link)

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The previously planned Russian training exercises [Announcement Here] have been completed in Belarus – close to neighboring Ukraine. Today those troops began returning to their places of regular deployment as reported by the Russian Ministry of Defense in Moscow.

As a result, the Biden manufactured ‘wag the dog‘ scenario, a fabricated ‘Russia invading Ukraine‘ premise by the White House, U.S. Dept of State, Pentagon and intelligence apparatus, needs to come to an end quickly.

After pretending that Russia was going to invade Ukraine in an effort to manufacture a political win out of thin air, Joe Biden will declare today he saved the world.

(New York Times) President Biden will speak on the Ukraine crisis at the White House this afternoon. Western analysts said it was too early to say if the announced troop movements were meaningful, but it might be a sign that Russia is stepping back from the threat of invasion.

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Here we go folks. Jumpin’ ju-ju-bones, the first wave of producer driven inflation has just been quantified.  The economic analysts are shocked, stunned, flabbergasted and surprised, because the January single month wholesale inflation of 1.0% is double what they expected.

The “producer price index” 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 January price data [Available Here] showing a dramatic 9.7% increase year-over-year in Final Demand products at the wholesale level.

Check out the single month wholesale price increases in these categories [Table 2]: Beef jumped 6.5% in January (43.9% for year). Gasoline jumped 1.9% in January, (53.9% for year).  Diesel fuel jumped 9.4% in January (56.5% for year). Cooking oil 4.7% in January (36.4% for year).  Home heating oil jumped 7.3% in January (47.4% for year).  Pasta jumped 3.0% in January (16.2% for year). Tires jumped 4.6% in January (9.0% for year). Wholesale cleaning supplies jumped 3.8% in January (34.9% for year).

Unfortunately, there is nothing upstream in the supply chain and manufacturing pipeline to suggest that higher prices at the retail level are not coming.  The price of raw materials, and the wholesale energy costs to process those materials into finished goods, are still rising.

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The triggering of an official invocation of the Canadian Emergency Measures Act to eliminate protests is stunning.  Using the Emergency Act to target individual citizens in Canada, and their bank accounts, is yet again another level of astonishing. RESOURCES:

♦ Emergency Act HERE ♦ Summary Justification of Act HERE

♦ Press Release HERE ♦ Finance Minister Statement HERE

The Canadian Civil Liberties Association has announced their opposition to the government declaration:

I am carefully reviewing the details of the authorization because according to the public statements by Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland, they have authorized banks, financial institutions and insurance carriers to suspend the accounts of Canadian citizens based on their social media postings.

Yes, you read that correctly.   Support of “blockades and/or occupations” are specifically noted.

Anyone in Canada (individual or business) who supports or “furthers” the Freedom Convoy or Freedom Protest on Facebook, Instagram, Twitter or any other social media platform, is a target to have their bank accounts frozen and insurance policies nullified.

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Tow trucks from Michigan have been sent to assist Ontario police and Canadian federal law enforcement to remove the Freedom Protestors and truckers from the Ambassador bridge at the border crossing between Canada and the U.S.A.

Yesterday, Canadian Prime Minister Justin Trudeau and U.S. President Joe Biden held a phone call to discuss the collaboration of U.S. and Canadian federal law enforcement as well as joint intelligence agencies to remove any blockades at the border crossing points.   Michigan Governor Gretchen Whitmer also told media she would assist the Canadian government effort.

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As local, regional and federal law enforcement on both sides of the border begin to confront the blockades, it appears they are sharing resources.  Previously, Canadian tow trucks refused to cooperate against their own citizens in protest.  It appears that Michigan tow trucks are willing to do the dirty work. However, the initial tow companies pictured can only move regular passenger vehicles and pick-up trucks, like those driven by supporters of the truckers.

Police arrived shortly after dawn this morning to clear the protest group who spent the night at the busiest crossing between the United States and Canada and enforce a court order issued yesterday. “The Windsor Police & its policing partners have commenced enforcement at and near the Ambassador Bridge. We urge all demonstrators to act lawfully & peacefully. Commuters are still being asked to avoid the areas affected by the demonstrations at this time,” police tweeted.

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Comrades, Ontario Premier Doug Ford held a press conference this afternoon to announce he has declared a ‘state of emergency‘ and intends to issue orders against dissident truckers authorizing the police to place them under arrest, initiate fines up to $100k each individual, and revoke the personal and commercial licenses of anyone who doesn’t comply.  The rebellion must be quashed, before the citizens start to think they have power.

As a typical DeceptiCon, Premier Ford begins his justification with the feels, and then gets to down to the business of calling the Freedom Protest in Ottawa an illegal occupation.  Ford emphasized that workers are not permitted to challenge government. In essence, all your paychecks are belong to us – and you have no right to disrupt economic activity controlled by government.

Referencing the growing cross border blockades and looking/sounding like a corrupt union boss from the 1950’s, Comrade Premier Ford reminded the Canadian citizens that only government is permitted to destroy livelihoods, collapse businesses and create economic pain.  The people in/around Ontario are not allowed to disrupt or influence the provincial economic activity; picking winners and losers is exclusively the role of government.  WATCH:

CANADA – […] “While these emergency orders will be temporary, we have every intention to bring new legislation forward that will make these measures permanent in law. We are taking the steps necessary to support our police as they do what it takes to restore law and order,” Ford said at a press conference at Queen’s Park.

The state of emergency will make it illegal and punishable to block and stop the movement of goods, people and services along critical infrastructure.

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…Not just any lockdowns, this time Governor Gretchen Whitmer is apoplectic over citizen trucker lockdowns.  This is far beyond irony and is case study in how leftists need to pretend not to know things.

Michigan Governor Gretchen Whitmer, the same governor who was full-throated to lockdown businesses in her state and destroy the economic livelihoods of michiganders for over a year, is now deeply concerned, aghast and furious over the “economic impact” being created by the trucker protest and subsequent lockdowns of the supply chain they have created by their effective blockades.

As if she cannot fathom the similarity between her government forced lockdown mandates and the recent citizen inspired lockdown consequences, the insufferable Michigan governor goes on television to decry economic impact from the Ambassador Bridge blockade.  WATCH her give all the reasons why the blockades must be removed so the multinational corporations can get back to work.

How is the business interruption from the trucker blockade any different than the business interruption from the Gretchen Whitmer lockdown?  It isn’t… The difference is who created it.

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During his opening segment today, Fox News host Tucker Carlson discussed the Canadian Freedom Convoy and the results they are achieving.  During a portion of the segment Carlson mentions the YouTube channel ZOT.   Tucker Carlson does a great job outlining the current status of events in/around Ottawa and contrasts the response from the government.  It’s a good segment. WATCH

CANADA – Prime Minister Justin Trudeau’s office has indicated the government’s willingness to “respond with whatever it takes,” to bring the trucker convoy protests under control, confirming federal ministers and top Canadian officials are working with U.S. representatives to “resolve” the situation.

This comes as political pressure has been increasing across Canada and in the United States to see the anti-mandate and anti-government blockades end.

Trudeau held a series of late-night meetings on Thursday about the situation, including with key cabinet ministers and senior officials, and opposition party leaders, though no new measures were announced. (read more)

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The people constructing the policies of the Biden administration are the same people who installed him, community activists from Team Obama.  In essence, Joe Biden’s expressed policies unleashed, are Obama term 3 without care for the political fallout.

CNN reports on the results [POLL HERE] and show that exactly what has been discussed here for well over a year. Obama’s ideological crew have pushed disposable Joe Biden directly into the furnace of political consequence.  WATCH:

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