GREAT NEWS – Looks like the Italians have decided to Make Italy Great Again and voted overwhelmingly to support Giorgia Meloni and the nationalist coalition.  With an anticipated 45% of the exit polls, this outcome will almost certainly make Giorgia Meloni the first female prime minister in Italy.

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There it is again. A lot of attention is being paid to the remarks by Hillary Clinton where she compared President Trump MAGA rallies to Adolf Hitler rallies and President Trump supporters to Nazis. However, that’s not the dynamic that should be emphasized.

The real issue at the heart of the leftist nonsense is the part where they keep contrasting “democracy” vs “autocracy.”

It’s an issue I keep referring to {Here and Here and Here} because their nonsense is so easy to deconstruct.  Never has there been a more obvious example of Democrats acting as unilateral Autocrats as was exhibited during the COVID-19 crisis.  Biden literally mandated a vaccine.  Democrat governors and officials literally mandated rules and regulations by fiat with zero representative input.

For a full year of COVID-19, Donald Trump never dictated a single mandate and deferred everything to the states.  Trump’s unwillingness to force action, including federal mask mandates, became an election year campaign issue.  However, as soon as they took power, the Joe Biden authoritarian government, in combination with the state leaders who supported it, instantly became most autocratic, non-democratic, leaders in modern U.S. history.  Yet, in order to retain their insane ideological projection, all of them – including Hillary Clinton in this soundbite – must deny and pretend not to know that reality.  WATCH:

[Transcript] – “I remember as a young student, you know, trying to figure out how did people get, um, basically, bought in by Hitler?  How did that happen? And I watched newsreels and I’d see this guy standing up there and ranting and raving, and people shouting and raising their arms, and I thought – what’s happened to these people, why did they believe that?  

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The bizarre part, from the perspective of normal democracy, is the open admission by EU Commissar Ursula von der Leyen that she intends to punish the Italian people if they elect the wrong political leadership to run their country.  Yes, she literally threatened to punish Italy if the voters elect an Italy-first candidate tomorrow.

Having previously sanctioned Hungary and Poland for electing heads of state that are nationalist minded, Ursula von der Leyen warned the Italian people she will take the same action if Italians defy the will of the European Union collective. When asked about EU citizens demanding their elected leaders listen to their specific and unique economic needs, the EU President Stated {Direct Rumble Link}:

“We will see the result of the vote in Italy. If things go in a difficult direction — and I’ve spoken about Hungary and Poland — we have the tools.”

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The remarks come from Commissar von der Leyen because a rising nationalist star in Italy named Giorgia Meloni is anticipated to win victory.  Meloni is an unapologetic nationalist who believes in Italy-first.  As a result, the EU media consider Meloni an ultra-far-right-wing politician.   However, the scale of public support for Meloni has positioned her to become Italy’s first female prime minister in the election tomorrow.

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Finally, a finance and economic discussion that touches on the critical component to inflation that no one dare say, or else they suffer political backlash.  Although Mick Mulvaney, Austin Goolsbee and to a lesser extent, Rick Santelli, had to maintain the acceptable ‘pretending’ approach, parsing words carefully, at least this is one of the first times where the supply side (energy driven) issue of global inflation was discussed.

As the group collectively admitted there is no other option other than a “hard landing” that collapses the economy from the current Fed approach; additionally, Rick Santelli, blasts the relationship between the political central banks and the global leaders who have pressured this dynamic.  WATCH:

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Still pretending, but lessened a little.  Hey, progress.

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National Grid and Eversource are the two major electricity providers for Massachusetts. Both companies have notified the Department of Public Utilities (DPU) that rates for electricity are about to skyrocket.

National Grid has announced a 64% increase in electricity rates effective November 1st. While Eversource is on a different schedule, they too have announced an increase in natural gas rates of 38% on November 1st and the January 1, 2023, electricity rate will be announced in the next few weeks. Eversource is anticipated to announce a similar rate increase to National Grid. WATCH:

Both major power companies rely on natural gas to create electricity.  Thanks to Joe Biden’s energy policies, which includes the massive export of natural gas in LNG form, domestic prices for natural gas have skyrocketed and will continue increasing as production is further shut down by regulation.

We are helping the EU survive their sanction driven energy crisis by sending them natural gas (LNG format), while simultaneously forcing Americans to pay more in order to maintain the EU export.   Everything about the process is FUBAR.

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With most financial media being intentionally obtuse with the Biden economic impact upon Main Street, it is refreshing to see analysis that cuts to the heart of the matter.  HatTip to ZeroHedge who provides a link to a great article outlining reality for blue and white-collar working families.

The folks at NerdWallet have taken the inflation date from the Bureau of Labor and Statistics (BLS) and applied the math to real life.  The result is a good encapsulation of checkbook economics and how the Biden economy is painful for the working class.

In total, Joe Biden’s energy policy driven inflation has added $961/month to preexisting expenses.  That’s $11,532 a year just to retain the status quo standard of living.

(NerdWallet) – […] In all of 2020, American households spent $61,300, on average. This number includes everything we spend our money on: housing, food, entertainment, clothing, transportation and everything else. In 2022, it stands to reach $72,900, a difference of more than $11,500 if consumers want to maintain the same standard of living. Keep in mind, this is an average, a number that represents an approximation across all Americans, but one that’s exact to a very few. Those who earn (and therefore spend) more will see more dramatic dollar increases. Those who earn less may see less dramatic dollar jumps, but the impact of these rising prices could be more significantly felt. (read more)

If the average household spent $61,300 and inflation is adding $11,500 to the expense, that means we now have to spend 18.7% more just to maintain the current standard of living.  That average is in line with what we are seeing in the real world.

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On August 8, 2022, the FBI conducted a raid on President Trump’s home in Mar-a-Lago.  Tonight, Sean Hannity invited President Trump on to his television show so the former President could listen to him talk about it. WATCH:

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President Trump also discussed the New York AG civil lawsuit against him and his family.

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Federal Reserve Chairman Jerome Powell announced another 75-point increase in federal interest rates today. This is the third consecutive 0.75 percentage point increase.  Additionally, Fed policymakers have pledged to continue raising rates as high as 4.6% in 2023.

While Powell walked through his reasoning to continue targeting inflation by lowering consumer demand, not once in any of his remarks did he mention energy policy driving up the cost of materials and goods.  The Great Pretending continues. WATCH:

The Fed chair is trying to manage the economic policy transition by reducing economic activity to match intentionally diminished energy supplies.  Lowering economic activity drops demand for energy. Unfortunately, as admitted by Powell on August 26, 2022, in Jackson Hole, this means a period of “some pain” for Americans as the central banks join together in an effort to lower consumption.  (more…)

The king of manipulating Wall Street shorts is Citadel founder Ken Griffin.

The Wall Street hedge fund billionaire has made most of his money betting against Main Street stocks and then manipulating their downfall to reap the rewards.

Griffin is despised by small investors, especially the Reddit WallStreetBets group who went head-to-head against the titan in the Gamestop and Robinhood story {backstory}.  Recently Griffin moved his financial HQ from Chicago to Miami after giving Florida governor Ron DeSantis $10 million for his reelection effort.

Bloomberg News reported earlier today that Ken Griffin has said he is open to taking the position of U.S. Treasury Secretary after he is successful installing Ron DeSantis as the 2024 presidential winner.

[New York] – […] Griffin also revealed that he would be open to serving as Treasury secretary in a Ron DeSantis administration if the GOP governor of Florida decides to make a bid for the White House in 2024.

He told Bloomberg that he “will definitely be involved in the presidential race” and that he would consider moving to Washington, DC, if called upon to do so by a Republican president. (link)

There are trillions at stake…

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“Hoffman Estates” is a Chicago area location containing an abandoned furniture store and warehouse.  The Obama Foundation leased, then re-upped the lease, to use the facility to store all the paper documents from the Obama administration {Location Link}.

The Obama administration told the National Archives and Records Administration (NARA) they were going to upload the documents into a digital form for use in the Obama library.  The paper documents were, still are, held at the Hoffman Estate warehouse while this digitization process took place.  It should be noted, the Obama Foundation has never digitized the records, hence they renewed the warehouse lease.

Contrast against the DOJ-NSD legal position about classified records held in the secure facility of Mar-a-Lago, a 2018 letter {Obama.org pdf here} from the Obama Foundation to the NARA is an example of the two-tiered selective justice system.  Within the 2018 letter the Obama team admit to storing both “classified and unclassified” documents at the warehouse: [Page #2, bullet-point 7]

[Obama.Org pdf]

Obviously, there were no raids on Hoffman Estates from the FBI to secure the classified documents.  Nor did the DOJ National Security Division trigger a criminal investigation of President Obama for holding documents, particularly classified documents, against the interests of the NARA while they “digitized them;” a process, which again should be noted, never even began.

The intent of sharing this information is just to highlight the political dynamic within the NARA, DOJ and FBI as it pertains to selective enforcement of presidential records.

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