Neel Kashkari is head of the Minneapolis Federal Reserve. If you know the financial lingo, you can see the dire forecast behind the opaque language.  In plain-speak, Kashari is saying when it comes to prices and inflation, “we’re screwed“…

In this interview with CBS talking head Margaret Brennan, Kashkari admits inflation is still going up, and it will get worse. Keep in mind, the lingo of the inflation conversation is discussing “percentages of change.” Kashkari claims the percentages of change will start to slow in a few years, but the prices will never return to their former level.

The percentage of inflationary change (this year vs last year) will continue going up, as prices continue to skyrocket over almost every sector. CTH points out this issue, because as the Fed continues printing current money, the value of future money drops and the price of goods continues to climb. The fast-turn goods rise in price quickest (now recorded at 6.2%), and the inflation on slow-turn durable goods lags but hits even harder.

Current real inflation inside the ‘total’ economy, the cumulative snowball that is coming down the mountain, is over 20% and still growing. This situation puts the forecast prices of 2022 goods at an alarming level. WATCH:

The fed has no tools to slow the rate of current inflation, as interest rates are disconnected {Revisit The New Dimension in Modern Economics} from the cost of goods produced. The only thing the Fed can do is to stop purchasing debt (Quantitative Easing), stop purchasing our own bonds, at a slower rate.

Despite being a progressive himself, even Neel Kashkari is telling congress to stop spending money.

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ABC always pairs with The Washington Post for their media polling [DATA pdf HERE].  It has always made sense for the deep swamp (DC Inc) to work with the intelligence PR firm of the Washington Post, as they attempt to prop up their politics.  Unfortunately, the results of the latest outlook look terribly horrible for their future.

Why does George Stephanopoulos have a case of the sads… “As things stand, if the midterm elections were today, 51 percent of registered voters say they’d support the Republican candidate in their congressional district, 41 percent the Democrat. That’s the biggest lead for the Republicans in 110 ABC/Post polls to ask this question since November 1981.” The economic outcomes from JoeBama policy are again crushing Americans, as only 29% of voters view the economy as good.

70 percent of Americans say f**k Joe Biden, things are not good.  The key factor is the economy.  With inflation soaring, 70 percent say it’s in bad shape, up from 58 percent last spring. Joe Biden’s approval for handling the economy overall is down to 39 percent. Fifty-five percent now disapprove of Biden’s economic performance. In terms of Biden’s job performance overall, a new low of 41 percent approve, while 53 percent disapprove; similar to his rating on the economy.

The Biden economic agenda is purposefully destroying America with massive inflation that is crushing the middle class. While the majority of Americans do not know the specifics of how the JoeBama policy is doing this, everyone can see and feel the outcomes…. and it is only getting worse.

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The U.S. 5th Circuit Court of Appeals in New Orleans has ruled against the Joe Biden OSHA vaccine mandate calling it “staggeringly overbroad.”

[The 22-page ruling and opinion is AVAILABLE HERE]

The three judge panel upheld its previous decision to put a stay on the order by Joe Biden against companies with 100 workers or more.  The Biden administration had instructed the Department of Labor to require COVID-19 vaccines.  The Biden administration’s effort to use an Emergency Temporary Standard OHSA rule was rejected by the court citing numerous flaws in their review and ruling:

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It is appropriate, given the severity and urgency of the issues we face, that we not mince words.  Qatar is the formal Middle East government that supports political Islam through the organization known as the Muslim Brotherhood, aka “the brotherhood.”

The Muslim Brotherhood is the fabric covering the umbrella of political Islam.  The umbrella ribs are the different factions of Islam reflecting varying degrees of extremism or authenticity.   As a result, all of the various factions of Islamic extremism, al-Nusra, al-Qaeda, ISIS, Taliban, ISIS-k etc., are given legitimacy through the political front of The Muslim Brotherood which faces the aggregate west.

The nation state of Qatar is the primary financing agent for The Brotherhood, and all nations who engage with Qatar on a geopolitical level are essentially engaging with The Brotherhood.  Conversely, if a nation state wants to engage with any of the various Islamic groups -each containing various levels of authenticity (ie. extremism)- they can do so through Qatar which acts as an official government intermediary on behalf of The Muslim Brotherhood.

EXAMPLES: •When President Abdel Fattah al-Sisi expelled the radical leaders of The Brotherhood from Egypt, they went to Qatar.  •When President Donald Trump asked the Gulf Cooperation Council (GCC) to confront radical Islamic extremism, the Arab nations confronted Qatar.  •When Qatar was forced to expel the five most radical leaders of The Brotherhood they went to Turkey.  [Turkish President Recep Erdogan is aligned in common principle with The Brotherhood.]  •When the U.S. released captured Islamic extremists from Gitmo (al-Qaeda in Afghanistan), they were transferred to Qatar.  •When the the Taliban took back control over Afghanistan, the al-Qaeda leaders from Qatar went back to Afghanistan.

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This article is written as both a representative disconnect of the current administration, and also as a direct warning to readers of a never before seen increase in U.S. food prices.  As grandma always said: “charity begins at home.”

Earlier today in Paris, France, Kamala Harris waxed as philosophically as she could about the inequities around the globe.  Specifically, she proclaimed that world leaders have no excuse for some unknown “we” creating enough food to “feed the entire world” while children are hungry.

The words written for Harris to recite may sound good to an audience who values their own virtue through hollow soundbites and empty phrases; however, there is a very stark and concerning disconnect specifically when it comes to U.S. leadership making these proclamations.  Watch first 30 seconds (prompted):

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“Why have we allowed so many of the world’s children to go hungry when we know that we produce enough food to feed the entire world. […] We must instead agree that these growing gaps are unacceptable,” Harris proclaims with maximum virtue-signaling emphasis in the effort to raise her approval rating.

Meanwhile, the Biden-Inflation cost of food in the United States is increasingly becoming a problem for working class Americans.  Forget feeding children around the world, we are weeks away from people not being able to feed their own kids, and massive shortages in the stop-gap systems like food banks.

I’m not sure people understand yet exactly how desperate things are going to become, so let me be very specific for an audience of long-term readers who have my track record of accuracy to measure my predictions.   Within the next 120 to 180 days, you are about to see butter cost $8 to 10.00/lb at your local supermarket.  Bread will cost $6.00 a loaf, minimum, and other key staple item food prices, in the first two quarters of 2022, will increase 20 to 30% from where they are right now.

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During a speech in Jacksonville earlier today, Florida Governor Ron DeSantis discussed some of the potential state actions that can be taken to block the distribution of illegal aliens into the state.

Joe Biden has been sending covert flights of illegal alien border crossers into Florida in the late night hours.  Governor DeSantis is now looking at punitive damages, or state level punishment, against the private sector contractors who are facilitating the transport.  Additionally, DeSantis noted one potential solution would be for Florida state law enforcement to put the illegal aliens onto chartered buses and sending them to Joe Biden’s home state of Delaware.

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On Monday July 19, 2021, the White House occupant declared that inflation was temporary and would be “transitional”.  Current economists now refute that claim, as inflation continues to escalate at an alarming pace.   In July Joe Biden said (transcript):

“Now, I want to be clear: My administration understands that if we were to ever experience unchecked inflation over the long term that would pose real challenges to our economy. So while we’re confident that isn’t what we are seeing today, we’re going to remain vigilant about any response that is needed.”

Joe Biden was asked a follow-up question after his remarks:

Q Yes, thank you, Mr. President. At what point would you consider inflation unchecked to a point at which you would either consider taking action or you would want to see the Fed take action?

To wit Joe Biden responded:

THE PRESIDENT: “Yeah. There’s nobody suggesting there’s unchecked inflation on the way — no serious economist. That’s totally different”. (link)

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Against catastrophic outcomes, we have been pointing out how the people within the Biden administration are not incompetent; they know exactly what they are doing, and they are destroying the U.S. economic system on purpose.  All of their economic damage is by design, it’s a feature – not a flaw.

An example today is so demonstrative of that point, it’s almost a parody. Joe Biden’s nominee for the Office of the Comptroller of the Currency (OCC), a branch of the Treasury Department that polices some 1,125 banks, is a communist ideologue named Saule Omarova. She is directly from communist central casting and literally from Kazakhstan in the former Soviet Union. Ms. Omarova graduated from Moscow State University in 1991, and Joe Biden nominated her for the OCC job in September.

Today, Ms. Omarova is caught on tape saying it is the intent of the Biden administration to use the treasury department to bankrupt oil, coal and natural gas companies. This is what happens often with avowed ideologues; they are so focused on their mission to destroy the U.S., they often just say the stuff out loud. WATCH:

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The FIRST STEP in defending against this onslaught is to stop excusing it by saying they don’t know what they are doing, or any version of the incompetency argument. They know exactly what they are doing.

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This might be somewhat preaching to the choir, but it’s the only way I know to help Treepers prepare their families according to very visible economic signals happening just over the horizon. Back in August, when we discussed the massive inflation that was climbing straight up, I warned everyone to look behind the finished good prices, into the prices of origination and intermediate goods. {Go Deep}

The “producer price index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate and Final. The final product inflation rate in July (reported in August) was alarming at 7.8%. However, we warned of much higher flowing into the supply chain.

Today, The Bureau of Labor and Statistics (BLS) released stunning price data for October [DATA Here], showing a dramatic 8.6% price increase in Final Demand products at the wholesale level.  As expected prices are still going up, and there’s no end in sight, because the raw material inflation is still higher than current.

[BLS] “The Producer Price Index for final demand increased 0.6 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.5 percent in September and 0.7 percent in August. (See table A.) On an unadjusted basis, the final demand index rose 8.6 percent for the 12 months ended in October.”  (more)

I modified Table A (final demand product pricing) taking out some of the noise to make it a little easier to see the big picture of what is happening.

When you see the wholesale level of prices almost double the increase in consumer level inflation rate, you can predict that consumer prices will likely go even higher.  Future finished goods at a retail level will carry the current wholesale price increase.

Stuff costs a lot now… and because the inbound stuff to make the finished goods is still climbing in price…. stuff is about to cost even more.   You can see this in the inflation rate of intermediate goods which I have highlighted below.

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We are witnessing a very specific type of electoral frustration caused by officials within a system attempting to stop a communist style fundamental change by taking action within the same system simultaneously collapsing through the actions of the communists.

Joe Biden’s approval rating has collapsed to the lowest level in history {data here} ,which would normally cause a pause amid the political operators.

However, in this new era, where collapsing the U.S. economic and social system is the objective, the polling is irrelevant.

The Obama plan to use Biden as a disposable figure was designed for one specific four year term of maximum damage.

The polling is irrelevant.

Evidence of this purpose is found in the White House telling businesses to continue operating as if the vaccine mandate is legally authorized, despite a court ordered injunction against it {data here}.  We are in a post-constitutional system now where the traditional checks and balances are ignored.   This is a very Machiavellian approach being deployed against the American people.

The U.S. borders are unsecured, and illegal alien hordes are intentionally welcomed.  Again, by design.   Simultaneously, the U.S. military is likely to be put into a crisis position by thousands of critical servicemen rejecting the mandated vaccine {data here}.  Yes, another element of the design.  Saul Alinsky taught the designers how to overwhelm and collapse the system, they are doing exactly that.

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