This is so far beyond hubris, the gaslight from where hubris emanates would take a year to reach it.
Joe Biden spikes the football on the Twitter claiming to have lessened inflation he created. [LINK]
I try not to hold negative sentiments, but I cannot help but loathe this man.
Senator Lindsey Graham (U-DC) is trying to get the Libyan band back together as part of the effort to escalate a NATO war against Russia. In the latest development, according to the U.S. version of events, Russia took down a Reaper drone over the Black Sea:
The MQ-9 Reaper drone was making a routine flight before it was intercepted by two Russian Su-27 fighter jets on Tuesday. The warplanes dumped jet fuel on the drone and flew in front of it in a “reckless, environmentally unsound and unprofessional manner,” according to a statement from U.S. European Command.
One of the Russian aircraft then struck the drone’s propeller, rendering it unflyable and prompting U.S. operators to ditch it in the Black Sea. (link)
The Russian version of events outlines something akin to Russian pilots throwing a Pepsi at it. As relayed by Russian Ambassador to the United States Anatoly Antonov:
[…] “I explained the position of the Russian Federation,” Antonov said. “I stressed that the American UAV that was moving deliberately and provocatively towards the Russian territory with its transponders turned off violated the boundaries of the temporary airspace regime established for the special military operation, which was communicated to all concerned users of international airspace in accordance with international norms.”
Knowing, not predicting – knowing – the Biden economic policies were going to create massive U.S. inflation in the years to follow, in 2021 I pinned a tweet thread to the top of my timeline on the CTH Twitter account that could be used as a reference. [You Can Read Here] Not a single month of statistical data has come in the past two years that was not entirely predictable. Today’s report from the Bureau of Labor and Statistics (BLS) [DATA HERE] is no different.
Inflation is a measure of the change in a price. It is usually presented in terms of a percentage of change. When inflation starts to lessen, what that means is the rate of the price increase slows down. The price is still going up, but at a slower pace.
February prices overall increased 0.4% for the month, putting the current rate of annual inflation at 6.0%. Meaning prices (on aggregate) are 6% higher than this exact same time last year.
Meanwhile, wages increased 0.2% for the month, and hours worked dropped 0.3% [DATA]. Wages only rising by half the rate of prices, and hours worked dropping, means the net ‘real wages’ declined, yet again, by 0.4%.
Workers are going backwards.
The very real impact on the working class is getting worse. The blue collar team, who works for a living and does not take Instagram pictures of their lunches, are getting crushed in the Biden economy. The divide between the ‘haves’ and the ‘have-nots’ is getting wider.
Put another way, Team MAGA, the entire continuum of normally apolitical working class, is watching the rust growing and feeling the worst part of the Biden economic outcome. I have often spoken in my immediate circle of influence with the phrase, “financial anxiety is a very real concern the closer you get to the laundromat,” and many people have no idea what that means.
The biggest BS statement of the day goes to CNBC with this sentence:
I challenge you to find a more encapsulating pile of horsepucky that represents the financial media era of great pretending. When I read stuff like this, I begin to think the next great eruption of a violent war is getting even closer, and this war will have nothing to do with nations.
Last week, South Dakota Governor Kristi Noem broadcast a warning on the Tucker Carlson show about a bill that passed her State House and Senate that she was forced to veto because it changed the definition of money and banned non-govt-issued cryptocurrency like Bitcoin. {Broadcast Warning Here}
The bill stems from the generally innocuous Uniform Commercial Code (UCC), which Daniel Horowitz describes as, “a set of standards to facilitate interstate sales and commercial transactions such that all definitions pertaining to such commerce are uniform and clearly understood.” It looks like Horowitz was the first to transmit the public warning, as identified by two members of the South Dakota House Freedom Caucus, and then Kristi Noem became aware – thus the veto.
Governor Noem warned that the bill was already passing through several states, and if you look at the UCC Amendment tracking page [DATA HERE], she is correct. The states in green on the map below are states where the UCC revision bill has already been introduced.
As Daniel Horowitz notes in his initial warning dated March 2, 2023:
“The revisions to Article I are very clear now that Bitcoin will not be money, because even though the definition provides for electronic money … it says that an asset that is adopted by a government as its medium of exchange will not qualify as money … if the electronic asset, such as Bitcoin, existed before it was adopted by the government. So Bitcoin, of course, exists today; it existed before El Salvador adopted it as its currency … so it will never be money for UCC purposes. The same for other kinds of crypto currencies.” So there you have it. Officials clearly mean to pave the way for CBDC while explicitly barring all competition. (more)
The CNN panel was jaw-agape as Kevin O’Leary appeared earlier today to inform them the decision by Joe Biden to guarantee every deposit in U.S. regional banks is akin to “Joe Biden just nationalized the U.S. banking system.”
O’Leary is correct, and anyone who is holding assets like stocks or bonds in U.S. banks now needs to reconsider the disappeared line between government and the bank assets. If the government can assume, control and backstop every single account balance within the bank, the government can assume and control all activity of the bank. WATCH:
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Downstream…. think about the consequences. Remember the frozen bank accounts in Canada as a result of defining truck protest supporting Canadian citizens as domestic extremists?
Now think about the government no longer needing to ask the bank to take action, the govt has a regulatory ability to demand the bank to take action. This takes “debanking” to an entire new level. People are wondering why cryptocurrencies went up in value today. There’s your answer.
Comrade citizens, at the end of this rainbow of bank nudges, we will find ourselves at the footsteps of a government controlled central bank digital currency.
Thousands of protesters took to the streets in Moldova yesterday, wanting to express their opinion that NATO escalating hostilities against Russia is only going to mean further regional crisis, conflict and likely bloodshed.
There is a significant amount of support for Russia within the country of Moldova, but that presents a problem for the western alliance, specifically NATO, as the peace demand runs against their interests. As a result, Russia is blamed for inspiring the street protests against NATO escalation.
When the U.S. activates NGOs in European countries (Moldova, Hungary, Georgia) the media call it “spreading democracy.” However, when the people who live in the country organically rise up in the opposite direction against the government outcomes from the NGO pressure, the media call it “Russian interference.” NBC pushes the NATO message:
(Via NBC) – Police in Moldova said they foiled a plot by groups of Russia-backed actors who were trained to cause mass unrest during a Sunday protest against the country’s new pro-Western government.
The head of Moldova’s police, Viorel Cernauteanu, said in a news conference that an undercover agent had infiltrated groups of “diversionists,” some Russian citizens, who allegedly were promised $10,000 to organize “mass disorder” during the protest in the capital, Chisinau. Seven people were detained, he said.
Separately, police said they arrested 54 protesters, including 21 minors, who exhibited “questionable behavior” or were found to be carrying prohibited items, including at least one knife.
The installed occupant of the White House said something today that is just brutally false on its face.
From the words typed into the teleprompter of Joe Biden you hear, “No losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund.” Who the hell does Biden think are paying those “fees”? Those fees paid into banks, and then out of banks, from all around the nation are paid by the people using the bank, that’s taxpayers.
The United States government does not create a single dollar of revenue. They transfer revenue from people to processes and systems of government. Charles Payne has a good perspective on this entire dynamic. {Direct Rumble Link} WATCH:
This is huge in the geopolitical world. China operated as a broker in the structurally unstable relationship between Iran and Saudi Arabia.
It will be intensely interesting to see how Israel positions itself w/ this new dynamic.
BEIRUT — Saudi Arabia and Iran announced an agreement in China on Friday to resume relations more than seven years after severing ties, a major breakthrough in a bitter rivalry that has long divided the Middle East.
The agreement was a result of talks in Beijing that began Monday as part of an initiative by Chinese President Xi Jinping aimed at “developing good neighborly relations” between Iran and Saudi Arabia, the three countries said in a joint statement. The agreement, which was signed by top Iranian security official Ali Shamkhani and Saudi national security adviser Musaed bin Mohammed al-Aiban, said embassies would be reopened within two months.
After his review of the Twitter Files, Michael Shellenberger is beginning to take a big picture approach to each of the discoveries. {Direct Rumble Link}
Shellenberger, appears on Tucker Carlson tonight to discuss how in the big picture the U.S. government is conducting psychological warfare against domestic citizens through the auspices of Twitter and likely other social media platforms. He’s not wrong, we’ve been calling it out in real time. WATCH:
Semi-related. You might remember for several months CTH has been outlining the state of the issues between the United States and Mexico regarding energy policy. Within the dynamic I have said repeatedly to “watch Mexico” through the prism of: what would the USIC, specifically in this instance the CIA, do to turn American sentiment against Mexico?
Remember me repeatedly saying that? Within those questions, and from that baseline, you will discover why I have not been writing about a Mexican cartel kidnapping four American hostages, killing two.
Fox News host Tucker Carlson became public enemy #1 as a result of him showing some of the CCTV footage from the January 6, 2021, protests in Washington DC. Collectively both parties in Washington DC and their stenographers in the mainstream media spent the last day in hysteric criticism of Tucker Carlson.
The need for control is a reaction to fear, and Mr. Carlson seems to understand that sunlight always brings forth the greatest demands for control. In his opening segment tonight, Mr. Carlson took on the critics directly. WATCH:
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