A few months ago, amid all of the headline warnings about inflation and prices of essential products, CTH noted that if we were to continue waiting about six months, we would see a massive backlog of unsold goods and as a consequence the prices of non-essential durable goods would begin a rapid decline.  That exact scenario is about to unfold.

Keep in mind, this is not necessarily a collapse of total global economic activity; what we are seeing is a collapse of western nation economic activity that is impacting the rest of the world.  A great economic fracturing is taking place as the western nations intentionally shrink their economy.  The supplier nations are feeling the consequences.

Maersk is the international shipping company that delivers millions of containers of goods all around the world, mostly by ship.  They are warning that warehouses are full of previously delivered goods, unsold consumer durable goods, as retail sales have come to a standstill.

The amount of inventory in warehousing is so extreme, major wholesale and retail groups have run out of storage space (link).

COPENHAGEN, Aug 3 (Reuters) – Shipping group Maersk (MAERSKb.CO) expects global container demand to fall this year as sales of durable goods come to a “standstill”, leaving flat-screen TVs and furniture piling up in warehouses, the company said on Wednesday.

A surge in consumer demand and pandemic-related logjams holding up containers in key ports had boosted freight rates and profits in the shipping industry in recent quarters, yet the cost-of-living crisis has reversed that trend.

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The Trump-endorsed candidates in Arizona are running the board; however, the corrupt, conniving and scheming UniParty constructs that have thoroughly infected the state election process still remain.

As it currently stands, Trump-endorsed Blake Masters appears to have easily won the GOP primary in the Senate race and will now face Mark Kelly.  The comprehensively corrupt Rusty Bowers, the Arizona state House speaker who was insistent upon retaining corruption as a political business model – and a favorite of the J6 committee in DC, has thankfully lost his bid for a state senate seat to Trump-endorsed David Farnsworth.

Additionally, Trump-endorsed Kari Lake (pictured above last night) has taken a sizable lead in Governor’s primary race over decepticon Mike Pence-endorsed Karrin Taylor Robson.

Meanwhile, Arizona voters have overwhelmingly selected Trump-endorsed Mark Finchem as their candidate for the secretary of state’s office.  Perhaps Finchem, if he succeeds in the general election, can finally fix the insufferable mess of Arizona elections.

Kari Lake’s victory, if certified, is a profound set-back for the two UniParty wings of the political club.

No doubt RNC Club Chairwoman Heavy McD (Ronna McDaniel) ate a few extra slices of red velvet cake for breakfast before throwing the coffee pot at the trembling concierge hiding behind the spa door.  For the Arizona contest, Ms Kari Lake raised about $3.8 million in mostly small dollar donations, while Ms. Taylor Robson -a billionaire club member- raised more than $18 million. The one thing Arizona voters and Heavy D would agree upon, is that Arizona rebels are revolting.

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Trump-impeacher Pete Meijer of western Michigan lost his reelection bid to Trump-endorsed John Gibbs, a new political candidate.  That brings the removal of the House Trump impeachment crew to six, with Washington State still counting votes amid their odd ranking “splitter” system designed to avoid head-to-head challenges.

John Gibbs is a strong testimonial to the renewed effort of the rebel alliance. Citizen led legislative representatives that carry a servant’s heart with the intent to represent America’s interests first. John Gibbs is a smart, eloquent and more importantly, a profoundly decent man, carrying the banner.

Gibbs win is being heralded as an ‘upset’, but truly it is more reflective is a voting base that’s had enough of the UniParty.  This is not a battle of miles gained, we are fighting for every inch; forced by the skewed corruption within our republic to fight like insurgents.  Indeed, this is an insurgency to save our republic.

While this modern American rebellion taking place, a grassroots commonsense insurgency led by the disruptor known as Donald Trump, all of the corrupt multinational corporations, Wall Street benefactors and federal institutions are doing everything in their power to fight it.

(Fox News) John Gibbs has defeated incumbent Rep. Peter Meijer, R-MI, in the closely watched Republican primary for Michigan’s 3rd Congressional District, the Associated Press called just after 3 a.m. Wednesday.

The race pitted former President Donald Trump, who backed Gibbs, against one of only 10 House Republicans who voted to impeach him following the Jan. 6 storming of the U.S. Capitol last year.

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Project Veritas has obtained whistleblower materials from official FBI training and instruction, highlighting images that are defined as evidence of Militia Violent Extremists or MVE’s.  Among the material now identified by the FBI as extreme are pictures of the Gadsden flag, Betsy Ross flag, Patriot symbols, Molon Labe and a host of other historic images that are now defined as evidence of Militia Violent Extremism.

[WASHINGTON, D.C. – Aug. 2, 2022] Project Veritas released a newly leaked document today provided by an FBI whistleblower, which shows how the Bureau classifies American citizens it deems to be potential “Militia Violent Extremists” [MVEs].

In the document, the FBI cites symbols, images, phrases, events, and individuals that agents should look out for when identifying alleged domestic terrorists.

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We will keep this pinned to the top of the page as the primary election results from Michigan (9pm ET), Missouri (8pm ET), Kansas (8pm ET), Arizona (10pm ET) and Washington State (11pm ET) come in.

There are a lot of key races to keep in mind [SEE HERE]. Of particular interest in Arizona is the GOP contest for Governor and Senate (AZ polls close 10:00pm ET); in Kansas the abortion ballot initiative; in Missouri the hotly contested republican Senate race, and in Michigan and Washington State (WA polls close 11:00pm ET) the primary challenges to the three decepticons, Jaime Herrera Beutler (WA), Dan Newhouse (WA) and Peter Meijer (Mich).

New York Times Election Results Here

CNN Election Results Here

Politico Election Results Here

Decision Desk HQ Election Results Here

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It’s not just the scale of the increase that is surprising; it’s the history of how long it has been since this scale of debt increase happened in a single quarter.

(CNBC) – […] Although average hourly earnings are up 5.1% from a year ago, prices have been rising much faster. The Consumer Price Index, which measures the average change in prices for consumer goods and services, jumped a higher-than-expected 9.1% in June, the fastest pace in over four decades.

To bridge the gap, more consumers are relying on credit cards to get by, which has helped propel total credit card debt to $890 billion.

Overall, credit card balances rose 13% in the second quarter of 2022, notching the largest year-over-year increase in more than 20 years, according to a report from the Federal Reserve Bank of New York. (read more)

This doesn’t sound like a good economic omen.

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Democrat Senator Joe Manchin wears the purple tie today as he answers questions from the DC legislative narrative engineers.  There are two videos below.  The first is a general presser with multiple members of the DC media (print journos) about the Green New Deal energy bill he negotiated with Senator Chuck Schumer. The second video is an interview between Manchin and Fox News host Harris Faulkner.

Unfortunately, in both the presser and the direct interview no one pins Manchin down on where “expanded energy production” of the bill is located.  Manchin claims there is legislative language in the deal that supports the fast domestic production of oil, coal and natural gas to meet the immediate issue of skyrocketing energy prices.  However, Manchin is a smooth operator, and he states confidence that rapid and expanded development of oil, coal and gas is part of the deal.  WATCH:

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I was unaware that monkeypox was an issue for the White House. However, today the Biden administration is proud to present a team of government officials tasked for the purpose of handling the whole of government response to the U.S. outbreak of monkeypox.

Additionally, I’m not exactly sure what a “stakeholder in monkeypox” is, but this team is in charge of making sure they have “health equity.”

WHITE HOUSE – “Today, President Biden named FEMA’s Robert Fenton as the White House National Monkeypox Response Coordinator and Dr. Demetre Daskalakis as the White House National Monkeypox Response Deputy Coordinator. Fenton and Daskalakis will lead the Administration’s strategy and operations to combat the current monkeypox outbreak, including equitably increasing the availability of tests, vaccinations and treatments.

[…]  “Bob Fenton and Dr. Daskalakis are proven, effective leaders that will lead a whole of government effort to implement President Biden’s comprehensive monkeypox response strategy with the urgency that this outbreak warrants,” said Anthony Fauci, Chief Medical Advisor to the President. “From Bob’s work at FEMA leading COVID-19 mass vaccination efforts and getting vaccines to underserved communities to Demetre’s extensive experience and leadership on health equity and STD and HIV prevention, this team will allow the Biden Administration to further accelerate and strengthen its monkeypox response.”

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Republican gubernatorial candidate Kari Lake discusses primary election day today in Arizona.  {Direct Rumble Link} Most polls show Trump endorsed Kari Lake with a significant lead over the establishment candidate Karrin Taylor Robson; however, the GOPe apparatus (including Brett Baier) has been promoting push-polls that show a much closer race.

Ms. Lake appears on Steve Bannon’s war room podcast to discuss.  WATCH:

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The Bureau of Labor Statistics (BLS) produces a monthly report of available job openings.  The Job Openings and Labor Turnover Summary (JOLTS report) shows the number of available jobs at a captured moment in time.  This JOLTS report [DATA HERE] is a summary of the last day in June.

As you can see within modified Table-1, the number of available jobs dropped by 605,000 in this report.

Hires and separations were little changed, so too was the number of people who quit their jobs.  The big change in this JOLTS survey was the removal of available jobs.  Employers cancelling job openings.

BLS – “On the last business day of June, the number and rate of job openings decreased to 10.7 million (-605,000) and 6.6 percent, respectively. The largest decreases in job openings were in retail trade (-343,000), wholesale trade (-82,000), and in state and local government education (-62,000).”

If we monitor the JOLTS report as an indicator of employment strength reflecting the general pattern of consumers, we can see a pullback in both the goods and service sector.

Retail job openings dropping 343,000 as consumer spending tightens even more due to inflation, and now we see the service side with leisure and hospitality dropping 91,000 openings.

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