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June Jobs Report Shows Gains of 372,000, April and May Reports Revised Downward by 74,000

The Bureau of Labor Statistics (BLS) has released the June jobs report [Data Here] showing 372,000 job gains on the establishment survey of businesses.  However, the April and May reports were revised downward by 74,000 jobs, and there is an odd disconnect between the survey of businesses and the survey of households.

The survey of businesses (BLS establishment report) shows job gains of 372k for the month of June, but the survey of households (BLS household report) shows that fewer people are working.  The labor-force participation rate slipped to 62.2% from a previous high of 62.4%, fewer people are working.

This odd disconnect has many people wondering what is going on?

Wage growth comes in at 5.1% on an annual basis, which is far below the current BLS calculated rate of inflation at 8.6%. Meaning wage growth is not keeping up with inflation despite workers entering the labor force at a higher entry level wage.

Economists overall are flummoxed as job gains would indicate a strong economy. However, the actual economic activity, the creation of goods and services, is not growing.  Quite the opposite appears.  Orders for factory goods have dropped, inventories of currently available goods are climbing, and sales figures across a broad spectrum of companies are negative.  The economy as measured by the creation of goods and services is stalled, but the economy as a measure of employment is firm.

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Former Prime Minister Shinzo Abe Dead, The Nation of Japan Mourns

After an assassin shot former Prime Minister Shinzo Abe during a political street rally, Doctor Fukushima Hidetada of Nara Medical University said, “We tried to resuscitate him but, unfortunately, he died at 5:03 p.m.”

1954 – 2022

Prime Minister Shinzo Abe was a transformative figure in Japanese politics.  A devout nationalist with a humble demeanor, Abe shifted the national sentiment from post war apology toward an outlook of pride in Japanese culture, work ethic and traditional value.  He was beloved by conservatives and patriots in Japan and disliked by leftists and globalists.

Perhaps the best example of Abe’s incredible personal and political influence was his visit to Pearl Harbor in December 2016.  It was the 75th anniversary of the Japanese attack.  Although Japanese leaders had visited Pearl Harbor before, Prime Minister Abe was the first to visit the hallowed memorial resting atop the sunken USS Arizona.  It was an amazing and moving moment in history.

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Oil and Gasoline Prices Start Moderating as Economy and Consumer Demand Drops

The Energy Information Agency has finally updated “on road” diesel prices after a month of frozen data [SEE HERE].  Conspicuously, the technical “glitch” correction is resolved [statement here] as the price for diesel starts to drop a little.

Oil prices are showing a drop in price, and subsequently gasoline prices are starting to moderate.  Unfortunately, as noted at The Hill, the drop in price is not related to an increase in production, but rather a decline in consumer demand.

WASHINGTON – The price of U.S. crude oil was hovering around $98 per barrel on Wednesday afternoon, down from about $108 late last week. Brent crude fell to about $101 per barrel, down from about $111 late last week. 

[…] “We’re on the cusp of seeing more savings,” said Patrick De Haan, head of petroleum analysis at gas price tracking site GasBuddy. “I’m trying to be a little bit optimistic here that this relief could make its entire way to the pump in the weeks ahead.” 

[…]  “The average price per gallon could fall 40 to 65 cents over the coming weeks,” he said, adding that the drop could be over a three- to six-week period. 

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British Prime Minister Boris Johnson Resigns

Facing a blistering amount of criticism for several false statements, U.K. Prime Minister Boris Johnson announced today he was resigning.

Prime Minister Johnson took to the podium outside Ten Downing Street with a massive number of cameras and media microphones awaiting his predictable announcement.

The Daily Mail has all the details – SEE HERE.

I would not be surprised to see the British leftists try to use this opportunity and overthrow the Brexit movement, fighting -once again- to get back into the European Union.

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No National Politician Will Go There – However, at Least Tucker Carlson Does

One of the most frustrating aspects to our current state of national affairs is that no politician will articulate the basic commonsense problem, and how the people handling Joe Biden are directly to blame for it.  Instead, DC and national politicians talk around it, all of them pretending not to know.

However, at least there is one voice in Tucker Carlson who articulates the economic and political reality in a framework that most can understand.

In his opening monologue tonight, Carlson succinctly points out how the current state of economic anxiety is directly the result of Joe Biden chasing the Green New Deal initiatives that progressive, communist democrats have advocated for years.  WATCH:

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The energy crisis is intentional.  The food crisis is intentional.  Everything that is happening domestically in our economic crisis is happening intentionally.  All of the problems are the result of intentional policy decisions.

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Sky News Rowan Dean Draws the Connection Between Justin Trudeau, Mark Rutte, Dutch Farm Protests and World Economic Forum Global Food Program

A great monologue by Sky News Host Rowan Dean connecting the dots between Canadian Prime Minister Justin Trudeau, Dutch Prime Minister Mark Rutte, the current farmers protests and the World Economic Forum global food hub initiative. {Direct Rumble Link} WATCH:

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President Trump Reveals Newly Renovated Great MAGA King Airplane

Joe Biden previously called President Donald Trump, “the great MAGA king” in an effort to disparage both Trump and MAGA supporters everywhere.  It didn’t work.

As anticipation builds around the question of President Trump running for office in 2024, the Great MAGA King provides an update:

“During my four years in the White House, I didn’t use everybody’s favorite airplane, the Boeing 757 we campaigned on for our big 2016 WIN. Now it has been completely modernized and renovated, and looks GREAT, all done in the Great State of Louisiana, and coming back to the skies in the Fall of 2022, or maybe sooner. Get ready! ” ~ Donald J Trump WATCH:

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She is beautiful.

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UK Prime Minister Boris Johnson Under Pressure to Resign, Nigel Farage Gives His Take on the Beginning of the End for Boris

It emerged yesterday that British Prime Minister Boris Johnson — having previously claimed no knowledge — was warned about alleged sexual misconduct by a cabinet member named Chris Pincher. Mr. Pincher is accused of sexually touching male aides on several occasions in the past, and Prime Minister Johnson was warned about the issue at least five times since July 2019, yet he did nothing.

Against a backdrop of partygate and odd scandals in his administration, now everyone in British politics is using the Pincher scandal to go after Johnson. [Daily Mail Has Details]

Several high-level members of Johnson’s government have resigned.  A total of more than 35 members of his government have left their position [Details Here] as the apex of the mob now descends on 10 Downing Street and the British media are in a frenzy.  The big question is, ‘will Boris Johnson survive?’  Nigel Farage gives his take. {Direct Rumble Link} – Video Below:

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Steve Bannon Interviews Michael Yon from The Netherlands as Protesting Dutch Farmers Surround Police Station Demanding Release of Farm Teen Who Was Shot at by Police

Things in the Netherlands are remaining spicy after Dutch police attempted to stop one farmer protest by shooting at one of the teenage farm tractor drivers.

A summary of the background story is HERE.  Independent journalist Michael Yon has now travelled to the Netherlands to document the protest as western interest in the conflict starts to increase.  Steve Bannon interviewed Yon earlier today. {Direct Rumble Link}, Video Below:

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After the Dutch police shot at one of the protesting farmers last night, they took the tractor driver -a teenage boy- to a local police station.   The farmers responded earlier today by surrounding the police station and demanding his release.  The Dutch farmers are not backing down, they have doubled-down and are now blocking airports.

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German Chancellor Olaf Scholz Proactively Blames Russia for Pending Global Food Shortage

Step back for a minute and elevate the discussion to a bigger review.  In the past several months every single institution of policy making has stated, many emphatically, that a looming global food crisis is imminent.   No one is hedging on this point; everyone in the geopolitical system is in alignment saying there will be food shortages.

Joe Biden, NATO, the G7, the European Union, the World Bank, USAID, and every western leader in the United States and Europe has stated there will be food shortages.

They are not saying there might be shortages; their statements are emphatic, there will be shortages.

Accept this basic cornerstone.  Then ask why not a single proactive step has been taken by any of the aforementioned institutions or governments to alleviate what they declare is a certainty.  Why?

Simple question, “why?”

If all of the western nations, non-govt organizations and heads of state, are aware of a coming food crisis, why is there no proactive response?

It is a question that even the most hardcore leftists will not answer, because there is only one answer.  No action is being taken because they do not want to take action.  No effort to avoid the crisis is being done, because they do not want the crisis avoided.

Peel all the layers of obfuscation and causation away, and what we find is the epicenter of the food shortage is directly the result of the Build Back Better agenda.  A post-pandemic western government deliberate decision to radically change global energy development.  In succinct terms, the climate change agenda.

However, regardless of how you feel about the validity of “climate change,” the cause of diminished food supplies is purposeful.  It is not climate change causing food shortages. It is the purposeful action taken under the guise of mitigating climate change that is causing the shortage of food.

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