The financial punditry class are befuddled, confused and perplexed. The Bureau of Labor and Statistics released the November jobs report [data here] showing a six figure miss from expectations.  Economists were expecting around 535,000 additional jobs; however, the U.S. added only 210,000 jobs according to the new data.

The situation itself is not that difficult to understand when you look at Main Street.  However, so many of the professional punditry class are confused because they only focus on the Wall Street economy, their only prism of reference for the last several decades.

Americans are preparing, cutting back and hunkering down from the Hurricane that is Joe Biden’s inflation.

Inside the jobs numbers, you will note the areas where consumer spending contraction first hits: retail, luxury, leisure and hospitality, is the area where November employment was flat or jobs were lost.   DUH!

The ‘retail sector‘ lost 20,000 jobs in November.  Think about that.  What usually happens in November?  People are hired to handle holiday seasonal shopping…. but they weren’t… why not?  The professional economic punditry cannot figure it out, so they avoid those questions entirely.  Those questions hold the key to unlocking the understanding.  Does the “pretending not to know things” ring familiar?

The damn jobs report is simply reflecting how Main Street USA workers, consumers, spenders and survivors live when gasoline, energy and food costs necessarily skyrocket.  The November employment results are a reflection of the blue collar prepper mindset.  This is not hard to figure out.   As long as inflation continues to hit items that cannot be avoided, at a level that is two to five times the rate of wage growth, decisions are made that are based on checkbook economics.

The cognitive dissonance is quite remarkable look:

(more…)

Yesterday the White House occupant equivocated any current supply chain shortages to the 1980’s Christmas shortage of Cabbage Patch dolls {link}.  According to the White House narrative there are no shortages of essential products other than a few hard to find non-essential toys.

Obviously, that level of executive office propaganda is intended to gaslight a national audience into questioning themselves when they see shortages of highly consumable products like pet food and grocery store items.  Unfortunately for the White House the supply chain issues are of such widespread frequency even the allied narrative engineers cannot ignore them.   NBC reported that chicken tenders are “in short supply” at stores and restaurants as President Joe Biden’s supply chain crisis persists, during a segment on NBC’s “Today”  on 12/2/2021.

.

Strange how there’s no shortage of Marijuana in the supply chain…. And no, you are not crazy if you notice these things.

(more…)

GBNews is using the opportunity of an interview with President Donald Trump to market their relatively new media franchise.  Perhaps that is to be expected, but the amount of self-promotion from the network around this interview is a little weird.   That said, Nigel Farage and GBNews were given an extended interview with President Donald Trump from Mar-a-Lago for broadcast in the U.K.   The video from GBN is below.

The video is prompted to 09:00 to eliminate nine minutes of lead-in promotion.   Farage begins the GBN narrative by saying President Trump has been invisible to the international audience since he left office.

The interview is broken down into two parts. The first part discusses the 2020 election, the second part covers current events.  During each segment GBN injects MAGA and anti-MAGA voices into the discussion, as Farage says “to give balance” to the interview.  President Trump notes it is important to look back to the problems of 2020 in order to look forward to what is needed for the MAGA movement in the next election.  WATCH:

(more…)

Sometimes the truth is hard to spot.  It’s like that little out of place thing peeking out from under the boulder of lies atop it.  Everyone focuses on the boulder, because it was purposefully placed there to get attention.  However, every once in a while someone -usually a new voice in the crowd- notices that little part they didn’t quite cover up well enough, and that is when you find out the truth.

Anthony Fauci appeared today at the White House briefing room to promote the Omicron fear narrative.  When building narratives, the timing of things is important.  Fauci was announcing the first case of the Omicron variant in California, that’s the boulder.  However, one of the usually silent and compliant journalists from the African news bureau had this pesky question (video at 16:50 prompted):

QUESTION: “Dr. Fauci, with all due respect, there’s zero case of COVID variant, of Omicron case, in Zimbabwe, in Namibia, in Lesotho, in Mozambique, what justifies imposing a travel ban on countries that have zero cases of the Omicron variant?”

FAUCI: “um,… er,… um,… You know, that’s a very good question, an important question, and, and we did struggle with that”….

… AND he never answered the question, because it wasn’t supposed to be asked.  No one was supposed to notice that little irreconcilable factoid highlighting how the Omicron fear boulder is a purposeful fraud.  They built this fear narrative called “Omicron” out of nothing, for a specific purpose.

The reporter wanted to push the issue, but the White House quickly interceded.   Funny that.

(more…)

There has been a lot of chatter behind a Washington Post report about the White House planning to introduce new COVID travel and quarantine restrictions tomorrow (Thursday).  However, tuning out the noise – remember which agency of the Fourth Branch uses the Washington Post and things make sense.

The problem for the White House is the public reaction to the new COVID variant Omicron did not meet their expectations.

The White House needs more concern, more fear, more panic to enhance their larger objective {Go Deep}.  The Biden team really need Omicron fear to permeate the American psyche, in order to achieve the Build Back Better agenda.  They desperately need it.

If people just shake it off and go about living their lives, the White House will be facing an electorate angry about inflation; that’s a problem.

The Washington Post report is framed around new international travel restrictions, increased COVID testing, and quarantine mandates as an outcome of the Omicron variant arrival.  However, given the nature of the 48 hour advanced notice provided to The WaPo, it’s likely the announcement tomorrow will contain the change that all vaccine advocates have been demanding, mandatory vaccination prior to any domestic airline travel.  Forcing domestic airline travelers to prove their vaccinated status has been a goal of the vaccine media for several months.

The worker vaccine mandate was unconstitutional federal overreach; the Biden administration knew that in advance and did it anyway because the vaccine isn’t really the end goal, it’s just a tool.  An airline traveler vaccine mandate would be similar federal overreach, and also likely to lose in court; however, that is not going to stop them from announcing one for the same reason they announced the worker vaccine mandate.

(more…)

Reports on the beginning of the Christmas holiday shopping season do not look good for retailers.  CNBC is reporting the Black Friday sales were down a significant 28.3% from pre-pandemic levels in 2019 [link].  The difference was not made up inside on-line sales as Cyber Monday had the first drop in sales in the history of tracking on-line sales [link].

The financial pundit spin, intended to protect the Biden administration, includes a talking point that U.S. consumers decided to make their holiday purchases early this year, therefore the holiday spending metric no longer applies.

As the narrative is built, people were concerned about shortages of products so they purchased them early in the year.  While part of that is likely true, early shopping is not that unusual and cannot account for such a massive drop in purchasing.

The same narrative was used to explain the drop in Cyber Monday sales: “Shoppers nationwide spent nearly $11 billion on digital sales on Cyber Monday, a tracking firm said — a decrease of 1.4% from last year and the first decline ever for a major shopping holiday.” […] “It spread out e-commerce spending across the months of October and November.”  There’s virtually no limit to how the financial media will avoid identifying the real motive for declining sales, inflation and the lack of disposable income.

(more…)

Earlier today, Joe Biden met with a roundtable group of retail executives and CEO’s.  The topics of the discussion were supply chain issues and current impacts to businesses that are causing rapid inflation.

At the conclusion of the meeting there was supposed to be a press conference where Biden was going to outline what his administration is doing to combat the ever-increasing problem of inflation.   However, moments before the public remarks were scheduled to begin, the White House cancelled them.  Instead, the people managing Joe Biden sent out the following tweet:

According to the White House messaging, everything is wonderful – there is no cause for concern, the supply chain crisis has been handled, shortages are no longer present, shelves are full, the clouds have parted and Santa is enjoying his time preparing for Christmas by watching unicorns play with the reindeer.  Baghdad Bob would be proud.

If the narrative is true, if there is so much good news to share, then why cancel the remarks and press conference about inflation?

One likely scenario is the retail CEO’s told the White House about: (1) upcoming additional price increases due to energy policy; and (2) the latest news from China where the shipment of goods is going to go from bad (slow) to much worse (a virtual halt):

(more…)

Florida Governor Ron DeSantis responded to the remarks from Dr. Anthony Fauci yesterday and from Joe Biden earlier today about the new Omicron variant of COVID and the possibility of lockdowns.

The Governor was very specific and clear about no lockdowns when he spoke today at an event to celebrate increased salaries and bonuses for law enforcement officers in the state.  Florida will continue to emphasize prevention, optional vaccinations, therapeutics and quick responsive treatment – with accessible monoclonal antibody treatments – as the state COVID mitigation protocol.  WATCH:

So far, the approach by Florida Governor DeSantis has been effective as the state now holds one of the lowest COVID infection rates in the nation, yet the state is wide open and free from any mandates or restrictions.  If people want to live in fear, they can go live somewhere else.

The full press conference is below:

(more…)

There has always been strong cynicism amid those who accept the intellectual argument that everything around COVID-19 is political.  From that viewpoint, the federal vaccine mandate was always just a Biden talking point, a way to weaponize a fear they created and create controlled division.  A memorandum circulating today lends evidence to that perspective.

WASHINGTON DC – The White House’s Office of Management and Budget is telling federal agencies they should hold off on suspending or firing federal workers for not complying with the vaccine mandate until after the holidays, according to a memo obtained by ABC News.

This change, which has not yet been publicly announced, comes as President Joe Biden is putting pressure on private employers to embrace their own vaccine mandates.

Ninety-two percent of federal workers have already had at least one vaccine dose, according to the Office of Management and Budget. The federal workforce’s compliance rate stands at 96.5%, meaning employees have had at least one vaccine dose or have a pending or approved exception or extension request. (link)

If the latest Omicron variant was factually all that Biden is claiming it to be, this contradiction would not be evident – but it is.  However, the exponentially and rapidly climbing list of contradictions and hypocrisies from officials, institutions and agencies can all be reconciled with one simple acceptance: It’s all political. All of it. Every element, no matter how granular or big picture, is all political.

(more…)

FULL Analysis Below Video:

Allianz Group chief economic advisor, Mohamed El-Erian, is one of the few financial pundits who understood President Trump’s purposeful economic agenda inside the America First policy {Go Deep and Go Deep}.  However, El-Erian also has to maintain his Wall Street credibility and, like most financial pundits, has to pretend not to know things when the emperor’s new clothes -Biden economics- are being discussed.

El-Erian uses the lingo of the club as he walks carefully in the shadow of his Wall Street allies, and he has to avoid the 800lb gorilla in the room and ignore there are other newly surfacing mechanisms available to the government in their approach to inflation.  In this interview El-Erian does emphasize that inflation is not transitory, it is only going to get worse as long as the Federal Reserve keeps printing money to keep up with the massive and ongoing Democrat spending programs.

When El-Erian says the Fed needs to take their foot off the accelerator, he’s talking about how the Fed policy right now is purchasing debt (Quantative Easing) and printing money to keep up with legislative spending programs.  He knows the Biden administration will not stop this approach, they are committed to the Build Back Better program, and as a consequence El-Erian knows inflation will continue in direct proportion to that ‘demand side‘ activity.  But he cannot call it out directly – he can only say inflation will continue.

All of the Wall Street pundits know the Fed cannot hit the brakes (raise interest rates and stop purchasing debt) or else this entire manipulated economy (even on a global scale) will collapse; as El-Erian says “plunge into a recession.”  It is a tenuous house of cards the current Wall Street crew is betting to remain in place due to the ideological politics (Green New Deal, Build Back Better, etc ).

(more…)