I do not see anything on the horizon that will stop this continued dropping in existing home sales.  Financial analysts keep expected a month-over-month uptick, which would indicate the floor of the housing market has been reached.  However, that ‘uptick’ never happens, and each report shows the month-over-month number continuing negative, meaning the slope of the decline is continuing and no bottom is visible.

The gaslighting financial media keep using terms like “the pace of the decline is slowing” in an effort to continue supporting the policies that are ultimately contracting the entire economy.  The reality is behind the phrase “transitioning to the new economy,” which, by the very nature of the approach, means this is a managed decline in overall economic activity.

The temperature on Fed stove is slowly being raised, so the frogs in the economic pot don’t notice it.

(Reuters) -U.S. existing home sales dropped to the lowest level in more than 12 years in January, but the pace of decline slowed, raising cautious optimism that the housing market slump could be close to reaching a bottom.

[…] Existing home sales fell 0.7% to a seasonally adjusted annual rate of 4.00 million units last month, the lowest level since October 2010, when the nation was grappling with the foreclosure crisis. That marked the 12th straight monthly decline in sales, the longest such stretch since 1999.

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In his opening monologue Monday night, Fox News host Tucker Carlson outlined the insufferable Ukraine narrative and the geopolitical consequences that will flow from the outcome of foreign policy.

Additionally, Carlson contrasts the difference in DC priority for financially assisting Ukraine while places like East Palestine, Ohio, suffer a catastrophic toxic chemical disaster.  WATCH:

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This video interview segment was sent to me today along with a “wow, you were right” message.  Apparently, the interview took place a few weeks ago (it’s new to me), but the admissions within it are quite remarkable.

The CNBC discussion surrounds inflation and the federal reserve raising interest rates. Minneapolis Fed President Neel Kashkari is talking about the jobs report, inflation and the intention of the federal reserve to continue raising interest rates until they achieve 2% inflation, regardless of consequence.  Kashkari doesn’t hedge on the latter issue of consequence; he affirms with absolute guarantee the fed will keep raising rates until the economy shrinks enough such that 2% inflation is achieved.  However, watch what happens when Joe Kernan takes that outlook and overlays “supply side” energy policy.  WATCH (10:22 prompted):

The issue is quite simple, really.  When additional oil, coal and natural gas development is blocked as an outcome of policy, energy prices jump massively.  We are seeing 2022/2023 price increases in electricity, home heating, fuel, gasoline, natural gas and other total energy price outcomes in the 60%+ range.

As a direct outcome of energy policy, all of the downstream products and services have massive upward supply side price pressure.  When the input prices are driving upward of 60%, the downstream prices increase accordingly.  Farming costs, fertilizer, feeding, transportation costs, food at retail and wholesale, and just about every petroleum-based product, which is almost everything, increases in price accordingly.

If supply side energy price increases are pushing +60%, and the Fed will only accept a 2% inflation output result, the only method of achieving the desired result is to shrink energy demand.  This is the goal of the current Fed monetary policy.  In this interview Kashkari admits the dynamic for the first time in public.

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Prior to the 2012 election and the rise of the Sandra Fluke free birth control narrative, we used to call them social issues; however, the usefulness of cultural wars has morphed into the larger war of wokeism.

In the big picture, keeping the base GOPe voter distracted from the economic expansion of multinational globalism, the corporate ‘masters of the universe’ (ie. the Big Club), need to keep pushing anti-wokeism as a political strategy.  The cultural issues are useful tools to keep control of an alignment of voters.  It has always been thus, and even more important now that people are starting to realize the expansion of the rust belt.

The rust belt, the diminishment of the U.S. economic manufacturing base, was an outcome of corporate control over politics.  Corporations and banks seek profit, those profits are inflated by a U.S. service driven economic model.  Skilled jobs require higher wages.

If the skilled jobs can be outsourced to lower cost labor nations, the subsequent lowered labor costs drive bigger margins.  Again, it has always been thus.

At the core of the U.S. political issue, you discover that both wings of the DC UniParty agree with this basic economic model.  Republicans and Democrats now use the catchphrase ‘service driven economy‘ with bipartisan frequency.  Many voters no longer have any reference to an economic system that is anything except a ‘service driven economy’, yet nothing about that system provides long-term value for U.S. voters or workers.

Within this very specific dynamic, you find the root of the support for Donald J. Trump.  A larger, formerly considered silent majority who comprise the baseline middle class workforce, find common understanding with President Trump because he sees the flaws in the economic model.

Not coincidentally, it is only Donald Trump who has ever discussed these economic issues. Factually, no national politician in the modern era prior to Donald Trump ever dared broach the subject of economic globalism, and the negative consequences therein, because they would find themselves in the target field of the corporations who fund the political system.  A general platform more akin to a code of omerta covered the entire subject of republican economic policy.

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A lot of people are going to cite and replay a part of the remarks by World Economic Forum head Klaus Schwab, where he outlines what attributes are needed in order to beome the new “Master of the World.”

However, the more interesting, buried lead in his remarks was his talking about the new power structures within global government.  He literally says multinational corporations are the power centers for global government in the same way as nations like India.  First, the soundbite everyone will discuss. WATCH:

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But don’t get too hung up on that one aspect of his remarks.  The full speech is below, I suggest listening to it all, and pay particular attention at 04:50 where he talks about “the political transformation“.

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The Bureau of Labor and Statistics released the January consumer price index today [DATA HERE] reflecting what you already know.  The overall inflation rate stands at 6.4%, after the anniversaries of the first two waves of price increases have now tolled.

Inflation is the measure of price increases over time.  Following two years of massive jumps in price, we are now cycling through and comparing current prices to the previous period when prices had already skyrocketed.

This gives a false impression of price moderation (hindsight inflation); however, the price of goods and services is significantly higher, and those prices will not drop. The higher prices are now embedded in the economy.

After a brief respite, a plateau, in energy price increases over Nov (0.5%) and December (0.4%), the January energy prices began climbing again (0.6%).  This is what we have all noticed in the past three months.

Additionally, “shelter” costs, rent and housing, continue to increase in price (0.8%, January). Overall shelter costs now +7.9% for the 12 months preceding January, 2023, with rents up 8.6% for the period [Table-1].

We have also cycled through the anniversary of the first two waves of massive food price increases, ending January 2022.  Despite that cycle, food prices still show an increase of 10.1% for the preceding 12 months. Cereals +15.6%, dairy +14.0%.  These food price increases are on top of similar jumps in the period that preceded January ’22.  Most of these volatile food price increases are attributable to the overall scale of energy and transportation costs.  These prices will never reverse.

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Hungary has been in the crosshairs of the Biden/Obama administration ever since Prime Minister Viktor Orban refused to align with the WEF Western Democracies in their quest for regime change in Russia.  As the NATO led western alliance assembled to use Ukraine as a proxy war against Russia, Hungarian Prime Minister Orban would not join.

In early April 2022, Hungarian Prime Minister Viktor Orban was overwhelmingly reelected {LINK}, despite the massive efforts against him by the European Union, western and euro-centric multinational globalists.   As a result of the victory, Brussels was furious at the Hungarian people.  Associated Press – […] “Orban — a fierce critic of immigration, LGBTQ rights and “EU bureaucrats” — has garnered the admiration of right-wing nationalists across Europe and North America.” (link)

Within the statements reported from his 2022 victory speech, Prime Minister Orban warned citizens of the NATO and western allied countries about the manipulation of Ukraine and how he views the Zelenskyy regime:  […] “while speaking to supporters on Sunday, Orban singled out Zelenskyy as part of the “overwhelming force” that he said his party had struggled against in the election — “the left at home, the international left, the Brussels bureaucrats, the Soros empire with all its money, the international mainstream media, and in the end, even the Ukrainian president.” (link)

This put Hungarian Prime Minister Viktor Orban in the crosshairs of the western alliance, specifically the EU and U.S. bureaucrats who use their power, position and intelligence apparatus to manipulate foreign nations.  A year later and now we see USAID Administrator Samantha Power in Hungary openly discussing her seeding of the NGO’s and political activist systems in order to generate yet another color revolution. {Direct Rumble Link} – WATCH:

Samantha Power, the wife of Cass Sunstein, is well known as the Obama/Biden administration’s advance operative who uses her position in U.S. government to influence activism in targeted nations. Hungary is now her target.

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If you accept the likelihood of the 2024 Wall Street Republican roadmap being the defining difference between 2016 and 2024, then you can easily see how the Republican Governor’s Association (RGA), the state level system where the policy of GOP governors are purchased by big money, will be the driving influence.  It is into this mixed manipulation where New Hampshire Governor Chris Sununu becomes of strategic value.

Someone has to try and maintain the narrative of “free markets” as a Republican priority, enter Chris Sununu.  Readers here and middle-class workers of America have decades of experience seeing exactly what the outcome of Republican “free market” capitalism creates.  Selling out the U.S. worker and manufacturing base in favor of globalism, multinational corporate exploitation and profits at any cost are the result.  In modern economic reality, there is no such thing as a “free market,” there are only controlled markets {GO DEEP}.

Pushing the conservative ‘free market’ narrative, the corporate controlled Chris Sununu appears on Face the Nation to gaslight the base republican voter with old catchphrases that used to work; they no longer do.  People can now see through the rustbelt prism and identify the destruction created by the Wall Street funded UniParty apparatus.  This is what 2024 presidential candidate Chris Sununu is trying to lie about. However, no republican candidate is an economic nationalist, except President Donald Trump.  WATCH: 

[Transcript] – MARGARET BRENNAN: Welcome back to Face the Nation. We’re joined now by the Republican governor of New Hampshire, Chris Sununu. And it’s good to have you here…

GOVERNOR CHRIS SUNUNU (R-New Hampshire): Thanks.

MARGARET BRENNAN: … in person.

GOVERNOR CHRIS SUNUNU: Great to be here. Better here than the rest of Washington, because this whole town gives me the — it gives me the chills sometimes.

(LAUGHTER)

MARGARET BRENNAN: Well, you might need to go get over that if you’re going to run for 1600 Pennsylvania Avenue, as, apparently, you are considering doing.

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Arkansas Governor Sarah Huckabee-Sanders delivers the Republican rebuttal to the Joe Biden state of the union address. {Direct Rumble link}

In this pointed rebuttal speech, Governor Sanders doesn’t pull punches and hits on the key issues that form the Democrat platform of Joe Biden and the Democrat leadership he represents.  It is a very strong rebuttal speech.  WATCH: 

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This guy is really a piece of work.  Fed Chairman Jerome Powell delivers remarks to the pontificating pustules at the DC Economic Club.  Within his remarks, notice how Powell used the word “disinflation” to describe how prices are starting to drop in the “goods sector.”

Of course, durable goods are dropping in price, fewer consumers have any money to buy them.  Yes, excess manufactured goods created by the disappearance of buyers will naturally lead to lowered prices by those who need to sell them.  Our economic problem is not, and was not, ever an outcome of excessive demand for durable goods.

Our economic problem is the scale of energy price increases that are chewing through paychecks and driving up the costs of high-turn consumables like food.

Massive price increases for food, fuel, energy, electricity, home heating and natural gas eating up paychecks.  There is no room for discussion about the next phone, refrigerator, or new car that might be needed.  Simultaneous to ignoring this issue, Chairman Powell is giddy that wages are not rising.  WATCH:

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