Earlier today, Joe Biden met with a roundtable group of retail executives and CEO’s.  The topics of the discussion were supply chain issues and current impacts to businesses that are causing rapid inflation.

At the conclusion of the meeting there was supposed to be a press conference where Biden was going to outline what his administration is doing to combat the ever-increasing problem of inflation.   However, moments before the public remarks were scheduled to begin, the White House cancelled them.  Instead, the people managing Joe Biden sent out the following tweet:

According to the White House messaging, everything is wonderful – there is no cause for concern, the supply chain crisis has been handled, shortages are no longer present, shelves are full, the clouds have parted and Santa is enjoying his time preparing for Christmas by watching unicorns play with the reindeer.  Baghdad Bob would be proud.

If the narrative is true, if there is so much good news to share, then why cancel the remarks and press conference about inflation?

One likely scenario is the retail CEO’s told the White House about: (1) upcoming additional price increases due to energy policy; and (2) the latest news from China where the shipment of goods is going to go from bad (slow) to much worse (a virtual halt):

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Florida Governor Ron DeSantis responded to the remarks from Dr. Anthony Fauci yesterday and from Joe Biden earlier today about the new Omicron variant of COVID and the possibility of lockdowns.

The Governor was very specific and clear about no lockdowns when he spoke today at an event to celebrate increased salaries and bonuses for law enforcement officers in the state.  Florida will continue to emphasize prevention, optional vaccinations, therapeutics and quick responsive treatment – with accessible monoclonal antibody treatments – as the state COVID mitigation protocol.  WATCH:

So far, the approach by Florida Governor DeSantis has been effective as the state now holds one of the lowest COVID infection rates in the nation, yet the state is wide open and free from any mandates or restrictions.  If people want to live in fear, they can go live somewhere else.

The full press conference is below:

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[SEE MORE HERE]

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A federal judge in the Eastern District of Missouri has blocked the federal vaccine mandate contained in the medicare and medicaid rules for healthcare workers.  [pdf ruling available here] Previously the Centers for Medicare & Medicaid Services (CMMS) issued a regulation requiring healthcare workers at facilities participating in Medicare and Medicaid to get vaccinated. This ruling is even more influential, as the workers protected in the ten states are specifically inside the healthcare industry.

(Business Insider) […] Judge Matthew Schelp of the Eastern District of Missouri issued the preliminary injunction for workers at Medicare- and Medicaid-certified medical facilities in Alaska, Arkansas, Iowa, Kansas, Missouri, New Hampshire, Nebraska, Wyoming, and North and South Dakota, court documents said.

The 10 states had sued the Biden administration, saying the vaccine mandate was unconstitutional.

Schelp — whom President Donald Trump nominated to the bench in 2019 — said the public would benefit from the ruling “because it would ensure that federal agencies do not extend their power beyond the express delegation from Congress.”  […] The Medicare and Medicaid regulation is what Monday’s ruling was about. The agency has said that rule affects 17 million workers at 76,000 healthcare facilities nationwide. (read more)

Hopefully the judicial commonsense becomes, well, more common.

FULL Analysis Below Video:

Allianz Group chief economic advisor, Mohamed El-Erian, is one of the few financial pundits who understood President Trump’s purposeful economic agenda inside the America First policy {Go Deep and Go Deep}.  However, El-Erian also has to maintain his Wall Street credibility and, like most financial pundits, has to pretend not to know things when the emperor’s new clothes -Biden economics- are being discussed.

El-Erian uses the lingo of the club as he walks carefully in the shadow of his Wall Street allies, and he has to avoid the 800lb gorilla in the room and ignore there are other newly surfacing mechanisms available to the government in their approach to inflation.  In this interview El-Erian does emphasize that inflation is not transitory, it is only going to get worse as long as the Federal Reserve keeps printing money to keep up with the massive and ongoing Democrat spending programs.

When El-Erian says the Fed needs to take their foot off the accelerator, he’s talking about how the Fed policy right now is purchasing debt (Quantative Easing) and printing money to keep up with legislative spending programs.  He knows the Biden administration will not stop this approach, they are committed to the Build Back Better program, and as a consequence El-Erian knows inflation will continue in direct proportion to that ‘demand side‘ activity.  But he cannot call it out directly – he can only say inflation will continue.

All of the Wall Street pundits know the Fed cannot hit the brakes (raise interest rates and stop purchasing debt) or else this entire manipulated economy (even on a global scale) will collapse; as El-Erian says “plunge into a recession.”  It is a tenuous house of cards the current Wall Street crew is betting to remain in place due to the ideological politics (Green New Deal, Build Back Better, etc ).

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The Times of India, a media outlet previously very skeptical of Big Pharma, is reporting from the South African Medical Association that officials are puzzled about the hype around Omicron.

The variant has only produced mild symptoms in regional patients with very little impact.

JOHANNESBURG: “The new Omicron variant of the coronavirus results in mild disease, without prominent syndromes, Angelique Coetzee, the Chairwomman of the South African Medial Association told sputnik news on Saturday.” … “We will only know this after two weeks. Yes, it is transmissible, but for now, as medical practitioners, we do not know why so much hype is being driven as we are still looking into it.” (read more)

Occam’s Razor – The new variant is being hyped because international governments need it to be hyped.  The biggest threat to politicians and the global financial system attempting to Build Back Better via enlarged government spending, is not COVID; the biggest threat is anger from the citizenry over the inflation the government spending and buying of debt is creating.

What is the quickest way to eliminate the political risks due to inflation? Shut down demand.  Lock down economies, turn the valves closed on economic demand and then watch price increases slow down.

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Dr. Aseem Malhotra exposes a link between mRNA vaccines and heart disease in an explosive British news broadcast.  Mahotra also outlines other scientific studies that have confirmed the link between Acute Coronary Syndrome (ACS) in the aftermath of taking the vaccine, but the researchers are fearful to report them.

Dr. Malhotra is referencing his own empirical findings with a currently circulating study by renowned cardiologist Dr. Steven Gundry.  The most important element of the discussion is ongoing research reflecting data showing the COVID-19 Pfizer and Moderna mRNA vaccines “dramatically increase” a common measure of heart risk in people.

The recently published “warning” in the journal Circulation by cardiologist Dr. Steven Gundry, known as a pioneer in infant heart transplant surgery, is having reverberations around the cardiology community.  Gundry’s analysis was presented at the recent meeting of the American Heart Association. “We conclude that the mRNA vacs dramatically increase inflammation on the endothelium and T cell infiltration of cardiac muscle and may account for the observations of increased thrombosis, cardiomyopathy, and other vascular events following vaccination.”

Within the British media interview, Dr. Malhotra cites these studies and his own research to say governments should immediately stop mandating the vaccines, and instead allow patients and doctors to determine the health risk factors.  Here’s the interview:

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The PULS (Protein Unstable Lesion Signature) test measures the most clinically significant protein biomarkers that leak from cardiac lesions in the blood vessel walls, providing a measure of the body’s immune system response to arterial injury.

The Gundy study, published 8 November 2021, included 566 patients, aged 28 to 97 years, in a preventive cardiology practice.  Participants included men and women in equal proportions.  All participants have received a PULS Cardiac Test every 3-6 months for 8 years, including “post-vaccination.”

The PULS Cardiac Test measures multiple protein biomarkers and uses the results to calculate a 5-year risk score for new ACS.  From pre-Covid injection to post-Covid injection, the 5-year ACS PULS risk score increased from 11% to 25%.

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If the report from Axios is accurate, the nomination of communist Saule Omarova to Office of the Comptroller of the Currency is sunk.

However, this could also be viewed as an Overton window maneuver where the next radical nominated will be only slightly less communist, and thereby gain appointment.

AXIOS – […] In phone call on Wednesday, Sens. Jon Tester (D-Mont.) Mark Warner (D-Va.) and Kyrsten Sinema (D-Ariz.), all members of the Senate Banking Committee, told Sen. Sherrod Brown (D-Ohio) — the panel’s chairman — of their opposition. They’re joined in opposing her by Sens. John Hickenlooper (D-Colo.) and Mark Kelly (D-Ariz.). (more)

Senator Mark Warner’s opposition is a little unusual. Perhaps this is a downstream consequence of the recent Virginia election.  Regardless, at least this is one nomination that did not get through.   So far, Biden’s economic, energy and finance policies have been disastrous for Main Street; unfortunately, that also looks like a feature not a flaw.

Apparently the people behind Joe Biden realize the ridiculous prices at the gas pump are going to be a major political issue for them in the next election. As a result, they have decided to release 50 million barrels of oil from the strategic petroleum reserve (SPR), enough for approximately 3 days of demand. [Announcement Here]

The strategic reserve is intended as an emergency supply in the event of war or national crisis that demands we have some insurance measures to protect ourselves. The SPR is the world’s largest supply of emergency crude oil, and the oil stocks are stored in underground salt caverns at four storage sites in Texas and Louisiana.

The oil in the strategic oil reserve was previously paid for by taxpayers. What Biden is doing right now is giving reserve oil to energy companies who then turn around and refine it into gasoline for taxpayers to purchase. We get to buy it twice, and Biden wants to be thanked for doing it.

The Biden administration is going to lower gas prices for taxpayers by allowing taxpayers to purchase their own oil.  Brilliant!

In related news, the Biden administration also held a call today [LINK] to announce their plan to ease inflation by printing more money.

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NBC ran an interesting segment on how to cope with the massive inflation and additional costs caused by Joe Biden.  Given the collapsing state of the U.S. economy, and crushing price increases for products created by White House policy, the administration previously suggested we should lower our expectations.

NBC takes the ‘lower expectations‘ theme to entirely new levels.  I’m not sure they thought through the meaning of Thanksgiving prior to the suggestions; however, Biden’s NBC stenographers have a few interesting recommendations.

The first suggestion is don’t buy the Thanksgiving day turkey, it’s too expensive.  The second odd suggestion to save money is do not invite friends of family to dinner.  WATCH:

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