Well, isn’t that convenient. Sorry folks, I can’t come out and take questions, I’ve got the Rona again.
Only the second thing that has been positive during his tenure.
In fact, there are several western nations who see the ‘climate change” energy transformation as an economic kamikaze mission… and that reality is upsetting those who control the larger western alliance agenda.
When we outlined the ‘biggest problem‘ we noted: Brazil, Mexico, and more recently Japan, have started pushing back against the climate change ideologues. We must do the same.
So, let’s get everyone up to speed.
Factually, Brazilian President Jair Bolsonaro is not only a nationalist leader for his country, Brazil itself is in an emerging economic relationship within the BRICS group (Brazil, Russia, India, China, South Africa). The BRICS group are not in ideological or geopolitical alignment with the World Economic Forum (WEF) climate change instructions known as Build Back Better. This lack of ideological synergy is one of the reasons we see a joint effort between the U.S. State Dept and U.S. intelligence group to target Jair Bolsonaro for removal. [Watch Bolsonaro w/ Tucker Carlson]
Recently, Mexican President Andres Manuel Lopez-Obrador (AMLO) visited the White House. AMLO is basically soft-socialist, a nationalist who does not like the influence of multinational corporations on the economic politics within Mexico. When he visited with Joe Biden, AMLO’s public comments in the oval office (he actually had them written down so he would not be deterred from his delivery) about the U.S. chasing a short-sighted and dangerous energy policy, were just ignored by media. However, watching AMLO deconstruct the Biden energy policy was very telling. [Review Outline Here].
In addition to so-called geopolitical adversaries like Russia, China and Iran, there are also geopolitical allies who clearly see that fracturing the global economy based on energy development, the center of the Build Back Better agenda, is going to create major issues for the citizens within the countries determined by ideological quest to change their energy system. As noted with Brazil and Mexico, not everyone in the “west” is on board with the program.
People often wonder why few solutions are presented for the significant challenges we face. Perhaps it is worth reminding everyone what the biggest challenge really is, and it has nothing to do with Joe Biden or our political system abusers.
The biggest problem we face as a nation is our unwillingness to admit our current condition is the result of purposeful action.
Cue example # [you_fill_in_the_ blank], a visual demonstration:
The central banks did not “fail to spot” the source of inflation. The monetary policy makers did not make mistakes. The hands that guide the economic system did not screw it up, make mistakes or fail to recognize the consequences of the policy they put into place.
When they meet together at Davos for collective discussions around opportunities presented by the pandemic, the guidebook known as Build Back Better did not just organically materialize. Nor did all the western governing central bankers make the same mistakes when they followed the agreed consensus. They knew from the outset the climate change agenda would be a radical transformation of the global energy system, and as a result, the global economy.
The central banks did not collectively “fail to spot” the inflation they were creating by lowering energy production, disincentivizing energy investment, limiting energy development, shifting policy away from new production, and generally breaking the traditional energy system finances. They knew precisely what they were doing, and they did it -and continue to do it- with forethought and purpose.
This is where people mistakenly view ‘prior justifications‘ as ‘mistakes.’ When they said inflation was transitory, they were not lying about what they created. They were, however, obfuscating the length of the term “transitory.” Inflation is transitory, from where and when it started in 2021, all the way to where and when windmills, solar panels and clean energy will take over on (fill_in_date_). That is the “transition.”
Tucker Carlson used his monologue tonight to outline how intentional Joe Biden economic policies are destroying the lifestyle of the average American citizen. As Carlson notes none of this is accidental, all of these policies are being done with intent. Yet almost the entire media system and financial class, are denying the resulting outcomes.
The administration and media are not redefining a recession, they are denying one exists in order to make all of the policies permanent. WATCH:
With mail-in ballots becoming a feature of all future elections, the United States government, specifically the United States Postal Service (USPS) is now creating a permanent division inside USPS to control the delivery and return of the election ballots. Do you know the political affiliation of your mail courier?
As often said, it’s not the vote that matters, it’s the counting…. or in this instance, the collection of the votes that really matters. Democrat lawyer Mark Elias, in charge of protecting all fraudulent voting initiatives on behalf of the Democrat National Committee, is happy with the news.
Keep in mind the union representing 300,000 U.S. postal workers previously endorsed Democrat Joe Biden for president. The National Association of Letter Carriers, is a fully compromised left-wing division of the USPS.
The USPS has just created a division of NALC employees exclusively to handle mail-in voting, just in time for the mid-term election.
WASHINGTON (AP) — The United States Postal Service is creating a division to handle election mail issues as part of an effort to ensure swift and secure delivery of ballots for the 2022 midterm election, officials said Wednesday.
The idea behind the creation of the Election and Government Mail Services is to have a permanent division dedicated to dealing with election matters, instead of handling issues one at a time as in the past.
The distance between Wall Street and Main Street has never been as brutally obvious as it is today. It is simply stunning to watch the cheerleading and casual nature of the economic and financial pundits as they speak esoterically about how policies intended to reduce the U.S. economy are so wonderful.
Seriously, the disconnect in life impact has never been as stark. At least in previous times of economic contraction there was a smidgen of appreciation for the pain that unemployment and rising costs bring to the blue collar and middle-income working class. In this new era, the financial stress and visible outcomes of destroyed families are simply shrugged aside as if these are abstract consequences.
In this segment former Federal Reserve vice-chair Randal Quarles, notes with a casual flippance how the economic policies of the Biden administration are simply doing what needs to be done in order to intentionally reduce the U.S. economy. Sure, massive unemployment, in direct correlation to the scale of the inflation that precedes it, is almost certain, but hey…. the economy must be collapsed if the Build Back Better, Green New Deal, agenda is to be fully implemented. WATCH:
Maybe this flippancy seems starker because those who consider themselves outside the collateral damage impact zone were not visible in prior generations. Perhaps it is because modern technology and the information era allows us to see conversations that were previously only described in print newspapers and journals. Whatever it is, the shameless disconnect between the unaffected rulers and the proles who have to live with the consequences are far more visible today than before.
Smiling while describing a future where working men are emasculated by their inability to support their families. Smiling and shrugging while explaining a landscape where moms are worried about how to feed their children, as the checkbook in the household creates a type of stress these ‘betters’ have likely never experienced, is almost psychotic in its detachment.
Desperation is not a good situation for any society.
Worse yet, laughing in the face of desperation leads to the type of outcomes that eventually hits the ‘betters.’
The federal reserve looks carefully at the Personal Consumption Expenditures (PCE) price index when weighting inflation data. The Bureau of Economic Analysis just released the PCE index for June [DATA HERE] and the results show a 6.8% increase in June from a year ago, the largest jump in four decades.
Wage growth in the second quarter (April, May, June) was generally strong, rising 1.6%. However, it now looks like the consumption index and the wage indexes are creating their own inflationary spiral. In addition to supply-side inflation, driven by Joe Biden’s energy costs, the labor costs are now increasing substantially which adds costs on the production side of the economy.
As wages go up to keep pace with supply side inflation, the prices of goods and services produced/handled by those workers also increases. This is the inflation spiral that can get out of hand quickly. The major concern (not necessarily expressed by pundits) is the inability of any institutional economic response to offset the originating inflation caused by the energy policy. The economic team is pretending supply-side inflation created by energy policy doesn’t exist. They are only directing attention to demand side inflation.
As long as energy policy keeps driving the price of electricity, gasoline and petroleum products higher, workers need higher wages. Those wage increases, while significant in scale, still lag the rising originating prices of the goods; and the wage growth adds to the final costs. Inflation then becomes structurally embedded, hyper-inflation begins. This looks like the current situation.
Comrades, Secretary Janet Yellen reminds everyone how important it is to smile and support the policies of Dear Leader as they manage our overwhelming happiness through this period of exceptionally wonderful abundance.
The secretary reminds us that our “household finances are strong” and we have good employment to keep ourselves industrious and valuable on behalf of the state. WATCH:
The beet and potato harvest will provide soup for everyone, but only if we continue to do our best. All of the best comrade citizens are cheerful and happy.
There is less pretending in this segment, but the core of intent is still missing. As soon as Ms. Bartiromo can admit the monetary policy is specifically designed to create lower economic activity, she will be able to reconcile the policy conflicts which she still views as hypocrisies.
While not outlining the motive, in the segment beginning at 1:07 Ms Bartiromo does a good job outlining the current state of the economy. WATCH:
Comrades, prior to the Joe Biden economy the average American worker was earning 29 onions per hour. After, the Biden economic policies were put into place, the average American worker is now earning 11 onions per hour.
The great pretending continues in order to protect the Federal Reserve from sunlight upon them. Central banks (U.S. Fed Reserve included) are raising interest rates into a recession, which is specifically against their legislative mandate. Therefore, in order to protect the bankers, the pundits and politicians must deny a recession exists.
Pundit Steve Liesman spins the data, says we need to wait longer, and circles the wagons to protect the policy makers, specifically the White House. Mohamed El-Erian tries to split the baby (02:00 video); while not admitting directly that the economy is in a recession, he states the “economy is weakening much faster than expected.” WATCH:
At a certain point all of this pretending and denial is going to come crashing down. The “economic transition” to a new “green future” they are all pretending not to see as the root cause of the economic collapse, has unavoidable consequences.
The dam is breaking around them and they are running out of fingers and toes to stop the inevitable collapse. Meanwhile the Davos crowd has purchased all the scuba gear and awaits the final outcome.