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Biden Celebrates Inflation Reduction Act as Stock Market Collapses Due to Massive Inflation Report

If there was ever an audio-visual of the disconnect between Joe Biden policy and the horrific consequences they create, today would be the case study.

As the stock market is plummeting after a horrific inflation report from the Bureau of Labor and Statistics, Joe Biden is simultaneously celebrating the passage of the “Inflation Reduction Act,” most commonly known as the Green New Deal.  WATCH:

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The same thing happened on Fox News.

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The Machiavellian Intent of John Durham Surfaces inside His Court Filing, Outlining the FBI Hiring of Igor Danchenko as Confidential Informant

This is sickening to read, and perhaps even more sickening to accept.  CTH has long outlined the belief that Bill Barr was the Bondo application to cover the DOJ and FBI institutional rot, and John Durham was the ongoing spray paint application.

The bottom line is an ongoing DC operation to preserve the institutional credibility of the justice system. A credibility, which is – at this point, entirely destroyed – yet the effort continues.

In a court motion today [pdf HERE], special prosecutor John Durham outlines the case against Christopher Steele’s primary source, Igor Danchenko.  For more granular information about the filing itself, visit Techno Fog [review article HERE].

The basic legal case brought by Durham is predicated on the notion that Christopher Steele’s source for his dossier, Igor Danchenko, 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.

This is where we must stop pretending.  The Durham premise of a “duped FBI” is laughable on its face. No one in the FBI or DOJ-NSD was “duped” by false information from Igor Danchenko.

The lies, as they were with Clinton lawyer Michael Sussman, were well known to be false, yet materially beneficial to the unspoken intention of the DOJ/FBI, which was to target Donald Trump.   The corrupt intent of the DOJ and FBI is the basic rot John Durham was appointed to cover over.

John Durham is running a Deep State cover operation to protect the institutions of the DOJ and FBI from evidence of their prior activity. The bulls**t of pretending this is not his motive is, well, quite simply nonsense and needs to stop.  Look at today’s filing itself, overlay the timeline and you can see the corrupt intention of the FBI and John Durham’s clear objective is to cover for them.

The big picture takeaway is right there on the second page.  Pay attention to the dates.

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Despite Temporarily Lower Gasoline Prices, August Inflation Skyrockets with Biggest Jump in Food Prices Since 1979

We are in an abusive relationship with our own government. If you want a real-time example of how governmental bureaucracy fits into this statement, look no further than the footnote at the bottom of this article ¹cited from the BLS report today.

The Bureau of Labor and Statistics (BLS) has released the August inflation data today [DATA HERE] with a top line at 8.3 percent year over year.  Unfortunately, things are unfolding exactly as we previously shared.  [Modified Table 1 at left]

Despite the temporary drop in gasoline prices (-12%), the costs of food (+13.5%), electricity (+15.8%) and housing (+6.7%) are crushing U.S. consumers.  The stock market is responding accordingly.  We can only imagine the inflation data if the heavily weighted gasoline factor was not pushing overall toplines down.  Estimation of inflation would be well over double digits.

Keep in mind, as you read this review the price of the current harvest (prior field costs) is only right now coming into the food supply chain.

Food inflation is running at its highest rate since 1979 (+11.4%) and it will go higher as the third wave in this sector hits.

To give you an example, margarine increased in price 7% in August alone, that’s an annualized rate of 94% [Table 2 details].  Flour is also on pace for another 22.8% increase right as the holiday baking season begins.

We cannot eat gold, silver or durable goods.  Electricity, home heating (natural gas), food and housing costs are priorities right now.  Main Street USA is being crushed by Joe Biden overall economic and energy policies.  It’s bad now, and going to get worse – much worse, as the third wave of food inflation has only just begun.

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President Trump Lawyers Dispute Classified Status of Mar-a-Lago Documents, Refutes Arbitrary Definitions by DOJ and Supports Special Master Reviewing Everything

First, a follow-up.  In further support of CTH view of the Trump legal strategy, a bolstering prior media notation is worthy. In regard to the intent of the Trump -v- Clinton lawsuit a lawyer for President Trump told media: “Habba later said she might appeal the decision, and also that Trump had told her that the case would ultimately not be a winner and she should just drop it. “I said no. We have to fight. It’s not right what happened. And you know, he was right.”  {source} This expressed perspective from Trump -via a member of his legal team- supports our contention that creating the lawsuit as a vehicle to legally share documentary evidence and establish a silo (attny-client privilege) was the goal, not the actual outcome of the lawsuit itself.

Remember, the DOJ National Security Division (DOJ-NSD) was created by Barack Obama and Eric Holder to weaponize a relationship between Main Justice (DOJ) and the Intelligence Community (IC).  Within this structure, the Office of the Director of National Intelligence (ODNI) now used their newly created agency to monitor domestic political opposition under the guise of domestic threat surveillance.  [The Eye of Sauron]

Within the system they created, the DOJ-NSD collaborates with the newly established authorities of the DNI, which includes their unilateral authority to define documents they consider “classified.”  The intent is to conduct lawfare against the domestic target while both agencies shield their efforts under claims of national security.

That is the encapsulated modern mission and relationship between the DOJ-NSD and the Intelligence Community (ODNI). These are the two main pillars of the corrupt national surveillance state that exist based on collapsed oversight, as a result of ideological support from the Senate Select Committee on Intelligence.  This is the weaponized fourth branch of government.

Now we turn to today.  Lawyers for President Trump submit a responsive filing to counter the DOJ effort to stay court order for a ‘special master.’ [Motion pdf Here].

The position of the DOJ-NSD, a position that should be considered in alignment with the ODNI, is that no outsider should be permitted to review their work product.  The DOJ does not want a court appointed special master to review what they are unilaterally declaring as “classified national security documents.”

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A Different Take on the Dismissal of the Trump v Clinton Lawsuit

To accept a bigger picture is often to accept the foundation of what is present is not what it appears.

Recently a Florida judge dismissed the lawsuit brought by President Trump against Hillary Clinton. [65-page Ruling Here]  The media have enjoyed ridiculing Trump by using the words of the judge who dismissed the case.  As noted by the Washington Times, “Judge Donald M. Middlebrooks, a Clinton appointee, said Mr. Trump’s filing was too lengthy, detailing events that “are implausible because they lack any specific allegations which might provide factual support for the conclusions reached.”

Pay attention to the framework underpinning Middlebooks’ opinion.  I have been reluctant to write about the decision to dismiss the lawsuit of President Trump against a multitude of conspirators, including Hillary Clinton, for two reasons.

First, because when I originally read the 108-page lawsuit filed in March, it took me a few moments, and then I realized this was not a lawsuit; this was a legal transfer mechanism created by lawyers to establish a proprietary information silo.  Second, because I do not want another ridiculous subpoena from DC simply because they can’t fathom how any outside entity could solve a puzzle without insider assistance.  As to the former, I have prayed on it and come to the opinion it’s worth sharing. As to the latter, it’s just another waste of taxpayer funds, but whatever – the truth has no agenda.

So, here’s a totally different take on the issues surrounding the Trump -v- Clinton lawsuit, which -from the outset- I always believed was going to be dismissed because suing all of those characters under the auspices of a civil RICO case was never the objective.  However, in the aftermath, the silo created by the lawsuit is also grounded upon attorney-client privilege, a legal countermeasure to a predictable DOJ-NSD lawfare maneuver, which unfolded in the Mar-a-Lago raid and ongoing issues.

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Massive Increases in U.S Natural Gas Exports are Driving Up U.S. Energy Prices

It is good to see at least one energy finance analyst at the Institute for Energy Economics and Financial Analysis, speaking commonsense.  In an article by Clark Williams-Derry for Barron Magazine [SEE HERE], the author accurately outlines how significant U.S. Liquified Natural Gas (LNG) exports are driving up natural gas prices for American consumers.

The author accurately refutes the notion that exports do not drive-up domestic prices, by walking through the example of how natural gas prices dropped for U.S. consumers when the liquefied natural gas plant in Quintana, Texas [Freeport LNG] was temporarily shut down, blocking a portion of the export capacity.  However, that facility is about to come back on-line and with increased exports from other facilities domestic U.S. prices have already doubled.

According to the U.S. Energy Information Association (IEA), U.S. storage of Liquified Natural Gas (LNG) is 12% below the five-year average (LINK).  Additionally, the IEA is expecting the U.S. to export 11.7 billion cubic feet of LNG per day during the fourth quarter of 2022 — up 17% from the third quarter. The destination of that export is Europe.

Consider that 43% of U.S. households use natural gas for home heating, and power suppliers use natural gas to create electricity.  With the massive 2022 exports of LNG to Europe (+17% in fourth quarter alone), that means lower domestic supplies and increased prices here in the United States for electricity and home heating.  We are seeing and feeling these massive price increases right now.

Barrons – […]  If you need more evidence of the impact of natural gas exports on prices, just compare supply and demand fundamentals for the year leading up to February 2020 (the last pre-pandemic month) versus the year leading up to this May (the most recent month with full federal data). Annualized production rose over the period, while domestic consumption remained roughly flat. Yet LNG exports almost doubled—a surge that tightened U.S. gas markets and doubled the price that U.S. consumers pay for the fuel. 

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President Trump and DOJ Present Their Selections for Special Master Appointment

Lawyers representing the DOJ National Security Division (DOJ-NSD) and lawyers representing President Trump have presented their list of candidates for Special Master to review documents seized from Mar-a-Lago. [8-page pdf Here]

The DOJ-NSD has listed their candidates including:

♦ The Honorable Barbara S. Jones (ret.) – retired judge of the United States District Court for the Southern District of New York, partner in Bracewell LLP, and special master in In re: in the Matter of Search Warrants Executed on April 28, 2021 and In the Matter of Search Warrants Executed on April 9, 2018.

♦ The Honorable Thomas B. Griffith (ret.) – retired Circuit Judge of the United States Court of Appeals for the District of Columbia Circuit, special counsel in Hunton Andrews Kurth LLP, and Lecturer on Law at Harvard Law School.

President Trump lawyers have listed their candidates including:

♦ The Honorable Raymond J. Dearie (ret.) – former Chief Judge of the United States District Court for the Eastern District of New York, served on the Foreign Intelligence Surveillance Court, formerly the United States Attorney for the Eastern District of New York.

♦ Paul Huck, Jr.—founder, The Huck Law Firm, former Jones Day partner, former General Counsel to the Governor, former Deputy Attorney General for the State of Florida.

The majority of the remaining filing lists the agreements of both the DOJ-NSD and Trump lawyers, as well as points of disagreement for how the special master process should continue.   The position of the DOJ-NSD is the special master should not review any documents they deem classified or vital to national security, regardless of whether they contain markings or not.   The DOJ just doesn’t want anyone to review what they are calling “classified documents.”

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Professor Alan Dershowitz Recommends a Retired Federal Judge Should Hold Special Master Appointment in Mar-a-Lago Raid Document Review

The deadline for both the Trump Team and DOJ-NSD Team to submit their recommendations for a special master to review the Mar-a-Lago documents is tonight at midnight.

During an interview presented by Newsmax, Harvard Professor Emeritus and legal scholar Alan Dershowitz gives his impression on the appointment itself as well as the background issues surrounding the documents at the heart of the conflict.

Mr. Dershowitz recommends that a former federal judge would be the best candidate for the role of special master and supports the opinion with his viewpoint. WATCH:

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McConnell Senate PAC Urging MAGA Senate Candidates to Ask Trump PAC for More Money

The internecine angle to the intra-party political and financial conflicts come via Politico, so apply that prism accordingly. However, the overarching background of the story (as presented) does align with the internal party power conflict we all know about.

According to the outline, Mitch McConnell has withdrawn spending of the Senate PAC funds from MAGA senate candidates. McConnell is telling his senators who are more favorably aligned with President Trump, to push the Trump PAC to spend more on them if Trump wants to see them win in 2022.

President Trump has, and continues to, support all of the MAGA candidates with direct funding [See FEC Filing], campaign rallies [LINK], and major big donor fundraisers [LINK], including at least one example of excessive funds distributed [LINK].   However, whenever anything involves McConnell, particularly when it involves money, it is critical to apply a Machiavellian prism to McConnell’s DeceptiCon motives.

By now everyone should know Senator McConnell holds no fundamental interest in being in the majority.  Nothing in his power structure changes if Democrats are in the majority.  From McConnell and the club approach, the “control of the senate” argument is a fundraising gimmick.  Give the DeceptiCons control of the senate and nothing structurally changes in the policy or legislative sphere.  Reference the 2014 to 2020 GOPe control, anti-Trump resistance, budgets and support for Obamacare, as examples of the last time the GOPe had senate majorities.

Absent of any real motivation to gain a republican majority in the senate, illusions and pretenses dropped, the “battle for control of the senate” simply comes down to a strategy of what is best to support Big Corps, and downstream fundraising.  However, the fundraising angle does afford Mitch the opportunity to leverage more power and eliminate influence.

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EU Central Bank Raises Interest Rate 75 Points in Further Effort to Withstand Storm of Energy Driven Inflation

Energy inflation continues to pummel all western nations as they chase the climate change agenda. Today, the European Central Bank has raised interest rates to support the goal of lowered economic activity.   Lowering economic activity lowers energy use.

Absent of any desire to raise energy supply and/or energy production, monetary policy can support the goal of lowering energy use by driving down all economic activity.

In the big transition picture, the economies within the western alliance must be reduced until they match the energy output of windmills and solar farms.

FRANKFURT—The European Central Bank raised interest rates by the largest amount since the early days of Europe’s currency union, moving aggressively to combat record inflation even as an energy crisis puts Europe on the brink of recession.

The bank said in a statement that it would increase its key rate to 0.75% from zero—its second hike this year following a 50-basis-point rise in July—and signaled that further rises were likely over the coming months.

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