Quantcast

Cleaving Beginning? – Climate Change Policy Makes Europe Too Expensive for Low-Cost EV Manufacturing

We have been closely monitoring the signs of a global cleaving around the energy sector taking place.  Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies.

Within the BBB western group (identified on map in yellow), the logical consequences are increased living costs for those who live in the BBB zone, and increased prices for goods manufactured in the BBB zone.  In the zone where traditional low-cost energy resources continue to be developed (grey on map), we would expect to see a lower cost of living and lower costs to create goods.   Two divergent economic zones based on two different energy systems.

This potential outcome just seemed to track with the logical conclusion.  The yellow zone also represented by the World Economic Forum, and the gray zone also represented by an expanding BRICS alliance.  Against this predictable backdrop we have been watching various events unfold, some obvious and some less so.

Today, we get an obvious example:

(more…)

Housing Sales to Institutional Investors Dropped 30% in Third Quarter

There is a significant lag in all data within the housing market.  That said, the third quarter (July, Aug, Sept) data reflects a significant drop in institutional investment within the housing market.

If you look closely at the timing (keep in mind the data reporting lag) what you will notice is that financial institutions began a big surge in purchasing hard assets, specifically real estate, as soon as Joe Biden took office (Jan ’21), and the economic policy became evident.   Intangible financial instruments became an immediate risk as the professional financial control groups recognized energy policy would drive inflation (supply side) and devalued money would fuel it (demand side).

As an offset to predictable inflationary policy (the insiders’ game), institutional money (Blackrock, Vanguard etc) was moved into hard assets with tangible value.  This shift in asset allocation, institutional sales, helped fuel a false surge in home prices and their valuations.  CTH was writing about this in 2021, and sounding alarms as it took place.  25% of all real estate purchases were being made by institutional investors.

The dynamic was predictable.  The Biden administration economic policy, energy policy and monetary policy, was going to cause massive inflation.  CTH was shouting about it in early 2021 and warning everyone to prepare for waves of price increases that would naturally surface first on high-turn consumable goods, and then embed into longer-term durable goods.

Despite claims to the contrary, this 2021 inflationary explosion had nothing to do with the pandemic or supply chain shortages.  It is entirely self-created by western governmental policy; the collective ‘Build Back Better’ agenda.  You can see now from the background moves within the financial sectors, they too knew the reality and their money shifts reflected that despite their ‘transitory’ pretending they were mitigating their own exposure.

(more…)

Horrible News – United Furniture (Lane Brand) Lays Off 2,700 Workers Immediately Via Text Message

This is terrible news for many blue-collar families in Mississippi and North Carolina.  Last night, United Furniture, makers of Lane brand, fired all of their manufacturing employees and transportation workers effective immediately.

Fortunately, other manufacturers are quickly messaging the displaced workers with job offers {link}, but the overall message from the collapsed company is alarming.

Read the email letter from today that accompanied the late-night notification:

(Via Furniture Today) – “At the instruction of the Board of Directors of United Furniture Industries, Inc., and all subsidiaries (the “Company”), we regret to inform you that due to unforeseen business circumstances the Company has been forced to make the difficult decision to terminate the employment of all its employees, effective immediately, on November 21, 2022, with the exception of over-the-road drivers that are out on delivery. Your layoff from the Company is expected to be permanent and all benefits will be terminated immediately without provision of COBRA.

Over-the-road drivers that are out on delivery will be paid for the balance of the week. Whether or not you have completed your delivery, please immediately return equipment, inventory, and delivery documents for those deliveries that have been completed to one of the following locations: Winston-Salem, N.C., Verona, Miss., or Victorville, Calif. location. To be clear, do not complete any additional deliveries.

We regret that this difficult and unexpected situation has made this necessary. Additional information will be provided shortly.

Thank you for your service and dedication.
UFI/Lane Corporate Communications” (link)

A few quick points.

(more…)

Farm Bureau Calculates Thanksgiving Dinner Price Jumps 20% Over Last Year

The American Farm Bureau price estimation for the Thanksgiving Day basic foodstuffs seems underestimated every year.  However, this year with grocery store prices jumping dramatically the basic Thanksgiving Dinner as calculated is up 20% [Data Here]

(AFB) – Spending time with family and friends at Thanksgiving remains important for many Americans and this year the cost of the meal is also top of mind. Farm Bureau’s 37th annual survey provides a snapshot of the average cost of this year’s classic Thanksgiving feast for 10, which is $64.05 or less than $6.50 per person. This is a $10.74 or 20% increase from last year’s average of $53.31.

The centerpiece on most Thanksgiving tables – the turkey – costs more than last year, at $28.96 for a 16-pound bird. That’s $1.81 per pound, up 21% from last year, due to several factors beyond general inflation. (read more)

On the positive side of things, we note two points: #1) the third wave of food inflation should crest the beginning of December; and #2) a lot of readers here were proactive and purchased holiday ingredients long before the massive price increases showed up.  Great job.

(more…)

Oliver’s Gist – “A Betrayal Too Far”, Perhaps Time for Citizens to Secede from Government

Neil Oliver has a thoughtful monologue this week that pertains to the specifics of the British political landscape; however, in the era where global government is identical in just about every shore, the points could just as easily pertain to America.

U.K. citizens face the same problem of non-representative government -ruling by dictate and fiat- as we do in the United States. I would suggest the reason, and indeed the similarity we find in various nations, has more to do with multinational corporations now giving instructions to government leaders than anything else.

The disconnect between what one would call “best interests” and actual “policy via government,” has less to do with the decisions and more to do with the instructions.  As Oliver accurately notes, the outcome is a system of government that has no connection to the needs of the actual citizens they are supposed to serve.  WATCH:

(Transcript) – I keep waiting for the betrayal too far – that action by the State against Britain that finally pushes every last citizen of the country that used to be Britain into the grim realization that those illegitimates are out to get us.

The Green Agenda that guarantees the impoverishment of the peoples of the West by pursuing the lie that wind and solar can take the place of gas, oil and coal? The Green Agenda that pushes the palpable nonsense those of us with petrol and diesel cars today are meant to have electric cars tomorrow – when all the evidence makes plain that you and I are meant to be going nowhere while our self-appointed masters go anywhere and everywhere?

The Green Agenda that invites us to think that Net Zero and the rest are about anything more than stealing our rights and freedoms while further enriching the already rich?

(more…)

The Big Club Is Openly Reassembling

When we are intellectually honest with each other, we accept the traditional Republican apparatus has always been in favor of Wall Street interests, multinational corporations, multination trade agreements, offshoring jobs, overseas manufacturing, open borders to provide endless supplies of unskilled service workers to fulfill their affluent needs, and, in the most general sense, economically no different than the traditional Democrat apparatus.   After all, both wings of the DC UniParty feed from the same trough.

The counter economic position to this multinational system has always been the America First outlook.  An economic outlook that puts the U.S. worker at the heart of policy. Perhaps encapsulated by saying ‘Main Street over Wall Street’ etc.

It was also the economics of the thing that created the Bernie Bros (Bernie Sanders) and the MAGA team (Donald Trump) commonality.

As a result, the Big Club distraction and distinction game has always been played on the field of social issues.  Social issues continually used as a wedge to keep the working class from recognizing their common assembly.

Skilled politicians, those tenured in the ways of the club power retention, play up the social stuff publicly, while both wings of the UniParty give a wink and a nod to each other as they pass through the halls.  The “reach across the aisle” code of Omerta exists.

I have no idea how the pragmatic and angered view of President Trump, with full intent to fracture this UniParty apparatus, is going to play out.  Fighting both enemies simultaneously has proven to be a massive whac-a-mole undertaking. However, that said, what is abundantly clear is the reassembly of the group trying desperately to block the populist upheaval.

The Multinational corporations are all-in within the process of this inverted Fascism. Corporations now determining the political agenda, and it’s not just here in the United States.  We are seeing in in North America, Great Britain and throughout Europe.  The larger “western democracy” assembly is expanding the corporate dynamic, while media run cover for the totality of modern expansion.

(more…)

Amazon Planning to Announce Layoff of 10,000 Workers This Week

At a time when/if the economy was functioning as most economic pundits have previously proclaimed, Amazon and other retail giants would normally be beefing up workers in anticipation of the holiday shopping season.  However, with the midterm election in the rearview mirror, exactly the opposite is happening. {Backstory on prior employment announcements}

According to multiple media reports, Amazon is expected to announce layoffs for approximately 10,000 U.S. workers this week.  Yet another indication the economic pretending is coming to an end right after the midterm election is concluded.

(CNBC) – Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of employees.

Shares of Amazon closed down about 2% on Monday.

The cuts would be the largest in the company’s history and would primarily impact Amazon’s devices organization, retail division and human resources, according to the report. The reported layoffs would represent less than 1% of Amazon’s global workforce and 3% of its corporate employees. (read more)

(more…)

With Elections Over U.S. Multinationals Begin Announcing Job Cuts

There was always a strong suspicion the woke corporations were holding back negative employment intentions until after the midterm elections.

Well, as expected, the U.S. multinationals are starting to announce advanced downsizing.

(CNBC) – Tens of thousands of tech workers have been laid off within days, as tech giants including MetaTwitterSalesforce and others shed headcount going into the final stretch of the year. At least 20,300 U.S. tech workers were let go from their jobs in November, and more than 100,000 since the beginning of the year, according to Layoffs.fyi, which tracks layoffs in the field.

Tech workers reported huge drops in confidence in their job security through the summer, as news of layoffs, hiring freezes and rescinded offers put a damper on what’s so far been a worker-driven Covid pandemic recovery.

But the latest headlines are all converging at once as businesses course-correct on over-hiring and acknowledge how rising interest rates are thwarting their growth plans, says ZipRecruiter chief economist Julia Pollak. (more)

(more…)

John Kerry Introduces COP27 to Carbon Trading 4.0 – The Newest WEF Multinational Scheme Using Climate Change Income for Elite Affluence

They have proposed and refined so many of the carbon trading schemes, it becomes difficult to remember which iteration each new formula replaces.  Heck, I’ve lost track of how many of the individual components of the larger plan are already in place.  However, John Kerry has introduced the western elites at COP27 to the latest acceptable proposal surrounding coal fired energy.

Against the backdrop of sped-up Build Back Better urgency, this coal-based carbon trading platform is called the Energy Transition Accelerator (ETA).

When you stay elevated to the larger way the Energy Transition Accelerator works you can clearly see the transferring of wealth from your bank account to the global control mechanism that will eventually determine your energy allotment.  The companies that provide energy are simply the collectors for the fees you will pay to the World Economic Forum income disbursement group.

(Reuters) – […] The scheme, known as the Energy Transition Accelerator (ETA), was launched at the United Nations’ COP27 conference this week by John Kerry, the United States’ climate envoy, in collaboration with the Rockefeller Foundation and the Bezos Earth Fund.

[…] Voluntary carbon markets, in which companies get emissions credits in return for channeling cash to poor countries that cut their carbon output, have often been riddled with fraud and double-counting. Many critics think rich countries should just fork out the cash themselves to close coal plants – or tax fossil fuel companies to get the money. (read more)

There’s the system in a nutshell.  Energy providers must purchase emission credits from the ‘carbon market’ (govt); in the U.S. likely the EPA as they do with RIN credits.  The electricity provider puts the carbon purchase credit fee in your electricity bill.

(more…)

Lauren Boebert Wins Colorado CD-03, Also Arizona and Nevada Solid GOP Wins – Delays Are Media Anti-Trump Narrative Engineering Efforts

Folks, relax.  We’ve seen enough, and we’ve seen this exact playbook before.

The delayed “official results” from Colorado, Arizona and Nevada are all part of the organized narrative engineering from SoS offices, party officials (local and state) and corporate media.  It’s transparent now.

There were key “target races”, not defined for political outcomes per se’ but rather …. they were identified for official media targeting; for script writing and narrative engineering; under the guise of being identified as “key races” to sense, gauge and create a storyline for election distribution by corporate media.

In the big picture, the goal was to undermine and deflate the MAGA base represented by President Donald Trump.  2022 midterm MAGA wins downplayed and or delayed. 2022 MAGA losses overemphasized, highlighted and promoted as part of the script.  That’s what we are seeing now.  That’s all we are seeing now.

Lauren Boebert has won Colorado CD-03, exactly as I said she would at 00:32 on election night [DATA]:

The Boebert lead will continue widening until they “officially” call the race.  The delay is strictly because Lauren Boebert was an identified media/maga target, similar in construct to Marjorie Taylor Green, who won by too wide a margin to be useful for this intention.

The delays in Arizona are for the exact same reason.   All GOP wins.  Kari Lake easily won the Governor contest and Abraham Hamadeh has easily won the Arizona AG position. Slightly lesser probability, but still likely, both Blake Masters (AZ Senate) and Mark Finchem (AZ Secretary of State) will stand victorious at the end of this narrative engineering delay.

The same applies for Nevada where Republican Adam Laxalt has easily won the Senate Race and Joe Lombardo is the new Republican governor.

(more…)