Joe Biden is heading back from an embarrassing trip to Saudi Arabia and the middle east.  Putting aside the fact that physically and mentally Biden looked weak, foolish, and generally incoherent, in an odd way he was appropriately representative of the current of U.S. influence on the global stage.

Before getting to detail, first it is important to emphasize a point that doesn’t get attention domestically.  Democrats are exceptionally weak on all aspects of foreign policy, specifically because their modern ideology is based on hypocrisy of a stunning magnitude.

Domestically, the U.S. media protect democrats by spinning everything into the best light possible.

However, on the world stage the non-western leaders like Putin, Xi and MbS use that hypocrisy like geopolitical ammunition.

Examples… Domestically the U.S. media do not bring up the Joe Biden Afghanistan mess, the rise -and current legitimacy- of the terrorist Taliban; or the brutal mess Barack and Hillary created in Libya; or the unauthorized intervention into Syria that created ISIS; or the complete fubar that was an illegitimate invasion of Iraq; or Hillary’s insufferable “reset” in Russia; or their inability to deal with China’s proxy province of North Korea (because they pretend it’s not); or the current circus célebrè in Ukraine.

Each region, and there are many more, a typical example of how modern democrats are fundamentally weak on foreign policy.  It is not just Joe Biden either; just about every leftist head of state within the alliance of “western democracies” are also pathetically impotent when it comes to influence on a global stage.

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MAGA Candidate John Gibbs (Michigan CD-03) appears with Steve Cortes to explain why he is running a campaign to primary congressional representative Peter Meijer; one of the ten House republicans who voted to impeach President Trump.

Five of the ten House DeceptiCons are either retiring or have already been defeated in the primary races.  There are five left.  The Michigan primary election is August 2nd.

John Gibbs is an excellent candidate as outlined in this exceptional interview.  Additionally, Gibbs is fully endorsed by President Trump against Meijer – CAMPAIGN WEBSITE HERE – {Direct Rumble Link}  WATCH: 

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A few people have directed me to this recent podcast by Rich Baris, aka “The People’s Pundit, where he discusses the insufferable theater of republican club politics and how the professionally republican are trying to avoid winning too many seats in the 2022 mid-term election.

Baris accurately notes the battle for candidates inside the club dynamic comes down to people -vs- power.  The Republican club, as a professional political system, is more in line with their allies in the Democrat club, than they are with the base of voters who want to see the corrupt DC system challenged and changed.   Both wings of the UniParty are aligned to block any voting rebellion, democrat, independent or republican, from Main Street.

In all of these points Baris is correct and he goes into specific races where that dynamic is clear.  Baris also notes the republican club generally supports the corrupt candidate who is compromised by some form financial scheme.  However, where Baris doesn’t go deep enough, surrounds the issue of the DC apparatus having operational control via their black files on candidates.  The perfect candidate, from the perspective of the club, is an insider who is compromised and therefore vulnerable to the influence of the DC system.  It’s a long podcast, and he rambles a bit, but the larger message is accurate. {Direct Rumble Link} WATCH (if you have time):

The club dynamic Baris is discussing is accurate, but the origin of the most severe part of the compromise is directly tied to the efforts of Barack Obama.  Obama weaponized the surveillance system so that it only targeted one side of the political dynamic.  Obama broke with years of prior mutual agreement when he created the modern control mechanisms.

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This shouldn’t come as a surprise.  Most banks and financial institutions are being very careful right now as they prepare for the consequences of consumers running out of money.  All banks are securing reserve accounts in anticipation of defaults increasing.

July 15 (Reuters) – Wells Fargo & Co said on Friday its second-quarter profit nearly halved as the bank set aside more funds to cover potential loan losses, while its mortgage lending business came under pressure from higher interest rates.

The fourth-largest U.S. bank reported profit of $3.1 billion, or 74 cents per share, compared with $6 billion, or $1.38 per share, a year earlier. Its total loan loss provisions were $580 million in the quarter, including a $235 million increase due to loan growth.

Under an accounting standard that took effect in 2020, banks must factor the economic outlook into loan loss reserves. Last year, the bank had released $1.6 billion from its reserves for loan losses as the economy rebounded from the pandemic.

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Joe Manchin didn’t completely torpedo the $500 billion in Green New Deal climate change spending, but he did stall it for a month saying he would not support the climate change spending until he sees July’s inflation numbers in August, which should be a warning.

If you think carefully about it, it’s a classic Manchin head-fake.  The July and August inflation numbers, to be released in August and September respectively, are almost guaranteed to be lower than June.

July/Aug are the two months we are in right now where inflation is hitting a plateau.  Gasoline prices are dropping due to a drop in demand. This is the period before prices start rising again in September and October when the energy farming costs start to roll out with the next harvest.

Senator Manchin isn’t stupid; in fact, he is quite Machiavellian, he knows this… thus, his position.

Manchin can give the illusion of prudence, but he knows the July inflation rate will show a decrease for two reasons.

First, in the month-to-month comparison, July will not carry the same scale of gasoline and energy increases as June.  Second, in the year-over-year comparison, July ’22 will be comparing to July 2021 when prices already started skyrocketing.  Bottom line, July inflation will give the illusion of dropping, which gives Manchin a shield to support the spending…. and he will.

WASHINGTON DC – Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs, or try to negotiate a larger bill in September that includes climate and tax reform with no guarantee it will pass.

The West Virginia Democrat said Friday that he wants to see another month of inflation numbers before considering legislation that might increase taxes on some higher-income Americans and plow hundreds of billions of dollars into the energy sector. On Thursday Manchin “unequivocally” rejected July or August approval of Democrats’ proposed energy investments and tax increases in a meeting with Senate Majority Leader Chuck Schumer, according to a person briefed on the meeting.

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CNBC is the Biden defense team for media broadcasts of anything related to the economy.  As a result, you know things are bad when CNBC broadcasts that Joe Biden’s economy has the highest level of dissatisfaction in the history of their surveys.

Steve Liesman was given the task again to share the horrible results. WATCH:

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The “Producer Price Index” (PPI) 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 June price data [Available Here] showing another 11.3% increase year-over-year in Final Demand products at the wholesale level.

Overall, the wholesale inflation rate is being driven by energy prices.  The June calculation shows exactly that problem with energy prices embedded in goods driving 10% of the price increase.  However, there is some good news in the short-term for July and August, as the intermediate and raw material costs are leveling off temporarily.  Unfortunately, that raw material price plateau is almost certainly the result of a drop in demand.

CTH has modified Table-A and Table-B to take out the noise.

The June inflation rate for final demand goods (2.4%) is driven mostly by higher energy prices (10%).  Energy costs are passed along through every stage of the supply chain contributing to an overall wholesale price increase of 2.4% in June, 11.3% year-over-year.

Notice the slight drop in final demand services; that is important.  What we are seeing is a contraction in the service economy overall, as the service sector -which includes restaurants- cannot pass along the scale of energy price increase to customers. People are changing their spending habits – service demand overall is dropping.

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Gasoline in Mexico is $3.12/gal.  Gasoline in the United States is $4.78/gal

The media did not give this much attention; however, Mexican President Andres Manuel Lopez-Obrador thoroughly, albeit diplomatically, dressed down Joe Biden over his economic and energy policy during a Tuesday visit to the White House.

You might remember that together with a host of south and central American leaders, Mexican President Lopez-Obrador refused to attend Joe Biden’s Latin-America summit last month {Go Deep}.  With that in mind Obrador’s media remarks in the oval office are quite remarkable in their pointedness.

The video and audio are tenuous, and the delay for interpretation makes following the flow of AMLO’s comments a little challenging.  However, if you read the transcript you can clearly see how AMLO is diplomatically undressing Biden over the economic issue of U.S. energy policy.  It would appear that AMLO is not part of the great western reset and has no intention on inflicting the pain that is deliberately being created by other western leaders.  [Video at 23:30, Transcript Below] WATCH:

Now keep in mind that socially AMLO is a soft-socialist (immigration).  However, he is also a strong economic nationalist who has previously expressed a strong dislike for the influence of multinational corporations in Mexico.  AMLO is not a World Economic Forum acolyte.  AMLO is on team BRICS.

In these remarks, AMLO is very pointedly telling Joe Biden that his U.S. energy policy is seriously flawed.  It is really quite remarkable.

AMLO tells Biden that Mexico will continue investing in expanded refining of gasoline, and he is willing to sell that gasoline to American companies because Joe Biden will not issue permits to expand gasoline refining capacity in the United States.  Additionally, AMLO affirms his position on further oil development in Mexico and then, here comes the kicker,…. offers to expand electricity sales to the United States, including supplying Texas with electricity because both the Biden administration and Texas are not developing their own energy resources.

AMLO is telling Biden that Mexico will increase energy subsidies to the United States if Biden asks him to.  Think about that.

[Transcript] – PRESIDENT LÓPEZ OBRADOR:  (As interpreted.)  Yes, I fully coincide with what you have proposed, President Biden.  And I could summarize everything we’ve been saying in five basic items of cooperation.

Number one, since the energy crisis started, Mexico has used 72 percent of its crude and fuel oil exports to United States refineries — 800,000 barrels a day.

Therefore, we decided that while we’re waiting for prices of gasoline to go down in the United States — and I hope that Congress approves or passes your proposal, Mr. President —

PRESIDENT BIDEN:  It has gone down for 30 days in a row.  (Laughs.)

PRESIDENT LÓPEZ OBRADOR:  (As interpreted.)  — of lowering — lowering prices, yes.  That’s it.

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The Bureau of Labor Statistics (BLS) has released the June Consumer Price Index (CPI) [DATA HERE] showing yet another “surprising” increase in overall inflation.  For the month of June overall inflation increased 1.3% bringing the annual rate of inflation to 9.1% as calculated.

Economists and financial pundits are “shocked”, “surprised” and the proverbial “unexpected” is running amok again amid the typeset.  The reality of Joe Biden energy policy being the origin of our current inflation crisis is being avoided at all costs by the pretenders.  The federal reserve raising interest rates can only impact the demand side, but it’s the supply side (total energy policy) creating the problem.  Table-A shows the overview.

(CNBC) – […] The consumer price index, a broad measure of everyday goods and services related to the cost of living, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked the fastest pace for inflation going back to November 1981.

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During an extensive opening monologue on Tuesday evening, Fox News host Tucker Carlson walked through the origin of the modern American push for a transformation in the U.S. energy system; as outlined in the Green New Deal advocacy of Alexandria Ocasio-Cortez, and how Joe Biden is implementing the agenda by executive fiat.

The Green New Deal is domestically to the U.S. as the Build Back Better agenda is to the rest of the western nations who follow the instructions from the World Economic Forum. Collectively the economies of western government are starting to collapse as the underlying energy policies (climate change) are being implemented.

Carlson walks through several examples of countries who have tried and failed to switch from oil, gas and coal to the “green renewable” energy programs. Everything from farming to home heating is now under attack by the governmental energy policies of western nations.  Civil society is starting to collapse in according to the schedule of the nations who have tried to transition.  Perhaps the worst part about it, is that western politicians -like Joe Biden- do not care how much damage is done, they are doing it anyway. WATCH:

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Something has to change, and soon.  As a nation we are going to self-destruct if we do not stop this mad effort to use windmills and solar energy as alternative power sources to oil, coal and natural gas.  Already there are signs that states like Texas are bordering on an energy crisis because there is not enough wind to power their windmills.

From the complete restructuring of farming under the guise of climate change (the intentional shift to eating bugs and lab-grown meat), to the complete collapse of stable energy as a result of chasing climate change goals, we are fast approaching the point of no easy return.

We are not going to like the civil unrest and national instability that comes along with public desperation.

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