Quantcast

Real Average Hourly Wages Continue to Decline as Inflation Destroys Economy and Now Hours Worked is Contracting

The Bureau of Labor and Statistics (BLS) released the September wage report [DATA HERE] delivering worse economic news for workers.

Real wages are dropping at a historic rate as inflation continues to rise and as a result wages buy less.

[BLS] “Real average hourly earnings decreased 3.0 percent, seasonally adjusted, from September 2021 to September 2022. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 3.8-percent decrease in real average weekly earnings over this period.” (link)

REAL WAGE CHART:

As the Biden economic/energy policy and Federal Reserve monetary policy merge together, the economy shrinks.  As the economy shrinks, fewer goods and services are purchased.  As less consumer goods are purchased, employment hours drop.  As employment hours drop, wages decline.

Declining wages combined with increased inflation forms the perfect storm against middle-class and working-class families.  This dynamic means lowered income and higher prices for essential goods and services like food, fuel, energy and housing.  It’s not difficult to see why this is happening.

(more…)

Leading Edge of Field to Fork Inflation Starts to Arrive in September Producer Price Index

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 September price data [Available Here] showing another 8.5% increase year-over-year in Final Demand products at the wholesale level.  However, that’s not the bad news in this data.

While the overall September PPI was higher than expected at 0.4%, the Final Demand Producer Price for food products in September was a whopping 1.2% (14.4% annualized).

The BLS notes the driver by saying, “a major factor in the September increase in prices for final demand goods was a 15.7-percent advance in the index for fresh and dry vegetables. Prices for diesel fuel, residential natural gas, chicken eggs, home heating oil, and pork also moved higher.”

That’s a 15.7% increase in price, in one month, for fresh and dry vegetables.  Annualized that’s a rate of price increase of 188.4% for vegetables.   Remember the warning about farm costs (energy, fertilizer, fuel) driving field to fork inflation at harvest?  This is the leading edge of that third wave of food price increases.

I have modified BLS Table-2 to focus specifically on food costs.  The data is on left.

You will note that ‘row crops’ are the big drivers along with grain and seed products.  This is exactly as we predicted it would be because those specific farming costs are the ones with greatest increase from energy, fuel, fertilizer, weed and insect control, and diesel costs.

All of those higher costs have been growing in the fields and will now surface at harvest.   The higher farm costs transfer from the field to the fork via the food supply chain.  This is only the leading edge of the price increase.

In October 2021 we first warned of the food price increases coming in distinct waves.  The first was Jan, Feb and March 2022.   The second wave was May through July 2022.  This third wave will be bigger than the first two and starts arriving this month, October 2022.

People laughed at me when I said in late 2022 eggs were going to reach .50¢ EACH ($6/doz).

Well, in September the price of fresh eggs jumped 16.7% in a single month.  That’s an annualized rate of price increase for eggs over 200%.

(more…)

Behind the Scenes of World War Reddit

On February 24, 2022, Deputy National Security Advisor and Deputy Director of the National Economic Council, Daleep Singh, told the world what to expect about the U.S. and allied response to the war in Ukraine.  We called the white house strategy “World War Reddit.”  Here’s what Deputy NSA Singh said:

…”Strategic success in the 21st century is not about a physical land grab of territory; that’s what Putin has done.  In this century, strategic power is increasingly measured and exercised by economic strength, by technological sophistication and your story – who you are, what your values are; can you attract ideas and talent and goodwill? And on each of those measures, this will be a failure for Russia.”  ~ Deputy National Security Advisor Daleep Singh

Deputy National Security Advisor Daleep Singh boiled down geopolitical power to a cultural issue of social likeability.  Realize that what he said is the White House strategy leading our foreign policy.  That strategy is why the White House enlisted TikTok influencers for their Ukraine effort [link].  Remember, the State Dept is also leading this effort.  That is the context for this video. WATCH:

That’s why we called it World War Reddit eight months ago.  Where the State Dept was going with this “war” was obvious.

.

(more…)

Biden Threatens Saudi Arabia for “Siding with Russia” Over OPEC Oil Production Cuts

The global economic cleaving continues.  Western allied nations are intentionally shrinking their economies to meet intentionally lowered energy production, ie ‘the green new deal’.  However, as the phrase is used, “managing the transition to the green energy economy” still requires the use of oil and gas no longer being generated within the same western allied nations.

As a result of this self-serving and ideological dynamic, any foreign oil provider who restricts the western nations from having access to cheap imported energy is viewed as an enemy.  The U.S. and western alliance forbid domestic development of oil, coal and gas, but the U.S. and western alliance still need oil, coal and gas.  This is the backdrop for Biden creating a dependency on foreign oil and being angry at Saudi Arabia for lowering production. {Direct Rumble Link}  WATCH:

The era of great pretending continues.

In this example Jake Tapper pretends not to know that Biden’s policy to block U.S. oil development has made the U.S. vulnerable to foreign oil decisions.  Saudi Arabia is the bad guy for limiting oil production, but Joe Biden is not confronted for limiting U.S. oil production.  It’s a media game of pretending not to know things.

In a semi related note, do not forget the connections.  NYT/Politico are used for FBI/DOJ narratives.  The Washington Post is used for CIA/IC narratives, and CNN is used for State Dept narratives.   The US State Department is conducting the war operations in Ukraine which is the core issue in the CNN interview above.

(more…)

During Trial Senior FBI Analyst Admits Agency Offered Dossier Author Chris Steele Up to One Million Dollars to Prove Authenticity of Claims

The legal case brought by prosecutor John Durham against Igor Danchenko is predicated on the notion that Christopher Steele’s source for his dossier willfully and intentionally lied to the FBI, and therefore Danchenko is guilty of purposefully misleading FBI investigators assigned to the Trump-Russia/”crossfire hurricane” investigation.

Transparently everyone knows the FBI were not duped by Danchenko and records indicate Danchenko told them the Steele dossier was full of fabricated nonsense. Additionally, to keep the revelation of the dossier as nonsense hidden, the FBI hired Danchenko as a confidential human source, technically shielding him from being questioned or exposed.  The FBI decision to hire Danchenko was to keep the fraudulent dossier useful for their Trump targeting operation.

So, what’s going on?

This is where John Durham is doing two things: (1) He is protecting the corrupt DOJ and FBI institutions by not investigating any government action; and yet, (2) Durham is exposing corrupt FBI and DOJ action through his court filings and cases.  Yesterday Durham provided more evidence of just how corrupt the FBI was in the lead-in to the 2016 election.

FBI supervisory analyst Brian Auten testified Tuesday that Hillary Clinton’s contracted opposition researcher, Christopher Steele, hired by Fusion GPS to dig up dirt on Donald Trump, was offered up to $1 million by the FBI in early October 2016 if Chris Steele could prove the claims within the Trump dirt dossier he authored.

Steele was never paid the money because he could not prove the claims within the dossier, nor would he give up the name of the primary source for the information, Igor Danchenko.  However, despite the FBI knowing the dossier could not be proved, validated or verified, later that same month they used the dossier as evidence to support a Title-1 FISA warrant against former Trump campaign aide, Carter Page.

The details provided by Durham only prove the researched outline we made almost 5 years ago.

(more…)

Biden Announces U.S. Air Defense System for Ukraine Following Retaliatory Russian Missile Attacks

In a statement today from the White House, Joe Biden has pledged “to continue providing Ukraine with the support needed to defend itself, including advanced air defense systems.” [link]  The statement comes as a result of a phone call between Biden and Ukraine President Volodymyr Zelenskyy.

Two days ago, a bridge between Russia and Crimea was bombed by Ukraine causing a section of the bridge to collapse.  Yesterday, Vladimir Putin retaliated with missile strikes against several cities in Ukraine and key infrastructure for energy.

The U.S. State Dept and CIA are continuing to lead and coordinate the Ukraine war effort with U.S. personnel in place to organize operations. [link]

Like the bombing of the Nordstream pipeline, it is highly likely the Kerch Strait bridge targeting was planned by Ukraine and the United States.  However, we are not permitted to speak about these coordinated efforts. The bottom line is the U.S. Biden administration going further toward direct engagement with Russia via the proxy state of Ukraine.

KYIV, Ukraine — President Vladimir V. Putin unleashed a far-reaching series of missile strikes against cities across Ukraine on Monday, hitting the heart of Kyiv and other areas far from the front line, in the broadest assault against civilians since the early days of Russia’s invasion.

Mr. Putin said the strikes on almost a dozen cities were retaliation for a blast that destroyed sections of a bridge linking Russia to the Crimean Peninsula, though they also seemed intended to appease hard-liners in Russia who had been openly critical over the prosecution of the war.

(more…)

Connecting Things – Konnech Election Compromise, CCP Infiltration, CEO Arrest, True The Vote and Recent Deep State Misinformation Efforts

Major Hat Tips to Rasmussen [link], Kanekoa News [link] and Catherine Englebrecht of True the Vote [link].

CTH often says don’t get so close to any granules that you miss the big picture.  Rasmussen Reports has drawn attention to that big picture, the timeline tells the story, and with recent announcements about ‘misinformation’ and ‘disinformation’ triggers, it is worth putting the details of the entire dynamic into context.  I would consider all these issues easily connected.

First, it is important to note how the public impression is constructed using the affiliations and relationships CTH continually points out.  When the FBI/DOJ need to get out in front of an issue they use the New York Times (and Politico) to establish the defensive and offensive narrative.   [The State Dept use CNN, and the CIA use the Washington post] These are constants in an ever-changing world of information warfare.

♦On October 3rd New York Times journalist Stuart Thompson writes a hit piece against Catherine Englebrecht and True The Vote, written to cast their election review efforts as conspiracy theories. [link]

♦24 hours later, October 4th, the CEO of  Konnech – a company specializing in proprietary PollChief software to manage election workers – was arrested. [link] Konnech Corporation Chief Executive Officer Eugene Yu was arrested for exploiting access to U.S. election data, including election worker information, and transferring the files to China.

I guarantee journalist Stuart Thompson was used as a tool by FBI officials who knew the arrest was forthcoming.  Essentially, the arrest of Eugene Yu was based on the exact claims of Chinese datamining that Catherine Englebrecht and Gregg Phillips had been outlining since late 2020.  [link] The FBI was/is working to diffuse the truth of U.S. election compromises that True the Vote has been outlining.

(more…)

Transpacific Shipping Drops 75% During Peak Season as Joe Biden Energy Inflation Bites and Consumer Spending Collapses

The economic data coming in the past week is in alignment with prior forecasts.  Bottom line, energy driven inflation has collapsed consumer spending, inventories climbing, vendors are cancelling orders, and this is peak season for transpacific shipping- which has now recorded the most rapid drop in history.

A single transpacific container shipment cost $19,000 in 2021, then $14,500 in 2022 as the intentional slowdown began.  Now it’s only $3,900 as entire fleets of cargo shipments are cancelled due to lack of demand by U.S. purchasers.

Folks, get ready…. because it’s not going to get better.  Prior farm costs, an outcome of energy price increases, are now reaching the supply chain. Food costs will continue increasing throughout the holiday season.

(Wall Street Journal) […] Trans-Pacific shipping rates have plummeted roughly 75% from year-ago levels. The transportation industry is grappling with weaker demand as big retailers cancel orders with vendors and step up efforts to cut inventories. FedEx Corp. recently said it would cancel flights and park cargo planes because of a sharp drop in shipping volumes. On Thursday, Nike Inc. said it was sitting on 65% more inventory in North America than a year earlier and would resort to markdowns.

(more…)

Musk Twitter Purchase Back on Table, Unfortunately with Plan for Everything App

The only thing I can do is research and write about it.  With an even stronger degree of certainty than originally expressed, and with all of the subsequent data points falling into alignment with the initial suspicions, the background of Jack’s Magic Coffee shop remains unchanged. {Go Deep}

Six weeks ago, the Twitter security ‘whistleblower’ came forward to congress.  The whistleblower is a former technology expert who came from within the research farm of DARPA, the Defense Advanced Research Projects Agency.  Peiter “Mudge” Zatko, is a well-known cybersecurity expert who left government work, entered the public world, and eventually became the head of Twitter security, reporting directly to the CEO. {Go Deep}

According to a recent SEC filing [LINK HERE], Elon Musk is now back to supporting the purchase of Twitter as the first step in creating the “everything app.”

{{{sarcastic voice}}} Gee, what could this be about?  I mean what could go wrong?….  We already know the infrastructure of Twitter’s operational database is tied into portals with the Dept of Homeland security {citation}, and now Musk wants to use that central infrastructure to create an all-inclusive “everything app”?

(more…)

Tucker Carlson Discusses Nord Stream Pipeline Sabotage, Almost Certainly a U.S. Covert Action Against Russia

Tucker Carlson accurately outlined the most likely suspect of the sabotage against Russia’s Nord Stream I and II pipeline today.  When you consider the media blitz by Joe Biden’s National Security Advisor, Jake Sullivan, last weekend (ABC, CNN, NBC and CBS); specifically pointing out the U.S. position against Russia; it is almost a certainty that U.S. action was behind the underwater detonation of explosives to take out Nord Stream pipeline system.  WATCH:

.

(more…)