The S&P 500 fell 151.23 points, or 3.9%, to 3749.63. The Dow Jones Industrial Average dropped 876.05 points, or 2.8%, to 30516.74. The tech-heavy Nasdaq Composite declined 530.80 points, or 4.7%, to 10809.23 (33% lower that the November record).

CNBC – […] U.S. stocks on Monday entered a bear market because the S&P 500 closed more than 21% below its all-time record close reached as recently as last January, S&P Global Dow Jones Indices senior index analyst Howard Silverblatt wrote.

Stocks had been flirting with a bear market for the past several weeks on an intraday basis, but had never actually closed below 3837, the level S&P Global needed to see in order to officially declare one.

S&P Global says a 20% decline in the S&P 500 on a closing basis from its previous peak is all it takes to define a bear market. Which means that this bear market is already more than five months old, since the S&P 500 all-time high came on January 3. (read more)

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They might even hold hearings on it….

The United States government illegally intercepts the private electronic communication of every American including emails, text messages, phone calls and social media content postings and comments.  The NSA unlawfully secures that library of data in order to maintain an electronic record uniquely identifying every American in a searchable database.

The government unlawfully allows the database to be searched for domestic threats as defined by the U.S. Dept of Homeland Security, the Dept of Justice and the FBI.  By mutually beneficial arrangement, access portals to search the NSA/FBI database are included as workspaces inside the law offices of Perkins Coie, the legal firm representing the Democrat National Committee….

…. And the J6 Committee wants us to worry about something they call “a threat to our democracy.”

Additionally, do you really think the Republican wing of the DC apparatus want to be responsible to voters for dismantling the national surveillance state?

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The constant and strategic pressure by Russian military in eastern Ukraine is slowly and methodically taking more ground each day.  Russian troops have now encircled and captured the city of Severodonetsk, which will join Lysychansk under full Russian control within days, according to the Washington Post.

Ukraine forces are running out of supplies as the U.S. State Dept. tries to organize the battle formations on behalf of U.S. interests in the country.  The Russian advances are slow, methodical and very deliberate.  The Ukraine military is losing ground and Zelenskyy is calling for more western help urgently.

LVIV, Ukraine—The leaders of France, Germany and Italy plan to meet with Ukrainian President Volodymyr Zelensky in Kyiv this week, officials said, as reports showed Russia making gains in the country’s east and Ukrainian officials urgently sought arms from Western nations to hold Russian forces at bay.

French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi were planning to visit the Ukrainian capital on Thursday, said two European officials, who cautioned that plans could yet change. The trip would be the first to Ukraine since the beginning of the war for the three Western leaders.

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During his Sunday show, Chuck Todd did a breakdown of American trust in government.

Remember that 4:1 ratio I keep mentioning?  WATCH:

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Democrats and Republicans in the Senate have announced their agreement for new laws which will restrict gun ownership.  The measures include a new federal firearm registry (known colloquially as “enhanced background checks”), and new laws for the federal government to define the standard of mental health that will allow gun ownership (known colloquially as “red flag laws”).

If approved, the structure looks somewhat similar to current discussion.  Continued or new firearm ownership will be permitted if the cross functional DHS/FBI social media and cognitive stability panel (the moderators inside Govt, Facebook, Twitter, Instagram, Google, Microsoft) approve the mental outlook of the firearm applicant.

The NSA database containing all privacy information on individuals will likely be accessed by a much larger audience of stakeholders (teachers, employers, social workers, bureaucrats) who will conduct ongoing stability reviews for firearm owners and flag any concerning content.

According to ABC – […]  The 20 lawmakers — double the initial bipartisan group who restarted negotiations late last month — are Sens. Richard Blumenthal of Connecticut, Roy Blunt of Missouri, Cory Booker of New Jersey, Richard Burr of North Carolina, Bill Cassidy of Louisiana, Susan Collins of Maine, Chris Coons of Delaware, John Cornyn of Texas, Chris Murphy of Connecticut, Lindsey Graham of South Carolina, Martin Heinrich of New Mexico, Mark Kelly of Arizona, Angus King of Maine, Joe Manchin of West Virginia, Rob Portman of Ohio, Mitt Romney of Utah, Kyrsten Sinema of Arizona, Debbie Stabenow of Michigan, Thom Tillis of North Carolina and Pat Toomey of Pennsylvania.

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Mohamed El-Erian is generally more correct than most, but the insufferable coded language he is required to use makes it difficult for the ordinary person to see exactly what he is saying.   For this CBS segment, we will apply the decipher. [Transcript Here]

Notice this key phrase in the beginning of his discussion of inflation. “Of course, we know about the Ukraine war, we know about the energy transition, also the Federal Reserve mischaracterize inflation and fell behind.”  No, Mohamed, most Americans do not know about the forced energy transition and how that has created this unavoidable inflation spiral.  How about dropping the code and saying it directly?  Joe Biden initiating the Green New Deal means much higher prices are permanent.

El-Erian speaks about supply side inflation, but doesn’t want to talk about the next phase, demand and service side inflation.  The three month inflation data is higher than the year-over-year inflation data. That means inflation is growing.  There is no way for inflation to drop when the most recent price increases are significantly higher than the previous price increases.  Inflation is now detached from any intervention. WATCH:

Consumer demand for non critical goods are contracting at the same time prices continue rising (that’s stagflation).  Demand side contraction, what El Erian calls “demand destruction,” means lost jobs (that’s recession).  Food, fuel and energy prices all continue rising.  The field costs are higher than current fork costs, and that (30%+) wave of inflation coming in from over the horizon is going to blow the doors off any economic growth.  The process is unavoidable now.

The credit markets will feel the impact before the end of the year as consumers will no longer be able to make payments for loans, and still eat.  Mortgage defaults will increase, vehicle repossessions will increase, credit card debt and bankruptcies will increase. The credit markets will get drowned in a tsunami of default.  That’s the direct language El Erian will not use, but it is present inside the coded-language he does use.

If you did not purchase a house this year, you are ahead financially.  Equity and values are plummeting.

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In his monologue this week Neil Oliver hits the target so perfectly he deserves extra appreciation.  You see, like many – including us, Oliver refuses to just let the two years of COVID madness disappear in the ether as if it didn’t exist, simply because the elites now find the questioning a little too uncomfy.

For two years they shoved their intolerant fingers in our faces, destroyed lives and livelihoods, made ridiculous demands in order to sustain their own fear, threatened our children, destroyed the economy, used COVID as an excuse to destroy families and steal an election, attempted to force us to kneel at the altar of their mask wearing and never-ending vaccine crap… and we’re just supposed to what, forgive them?  Fat chance…. WE NEED a reckoning.  WATCH:

[Transcript] – “The question is this: are we stupid? Or are we just being treated as if we’re stupid? How long will they keep trying to tell us 2+2=5, when so many of us can see that the answer is 4.

Spanish newspaper El Mundo, and other news agencies, reported last week that Jose Maria Fernandez Sousa-Faro, president of European pharmaceuticals giant Pharma Mar was among 2,200 Spanish elites and celebs, investigated by police for allegedly paying thousands of Euros to be injected with a saline solution – salt water – instead of any of the Covid vaccines and so had their names added, falsely, to the National Immunization registry.

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Comrades, a dissident member of the National Football League named Jack Del Rio has been caught publicly expressing wrong thoughts.

The NFL Ministry of Social Justice and NFL Homeland Tolerance and Social Cohesion Agency launched an investigation and assigned a social demerit punishment equal to $100,000 that will be removed from his financial accounts as a warning to others.

(Reuters) – The Washington Commanders said on Friday they fined defensive coordinator Jack Del Rio $100,000 after he minimized last year’s assault on the U.S. Capitol a “dust-up” compared to the 2020 racial justice protests that followed George Floyd’s death. (link)

Comrade Del Rio was made to apologize for his non-compliant thinking and brazen display of verbal violence toward society.  His reeducation began almost immediately.

Washington head coach Ron Rivera said in a statement that he met Del Rio earlier on Friday, “words have consequences and his words hurt a lot of people in our community,” Mr Rivera reiterated.

Good citizens are reminded to keep a lookout for subversive or rebellious activities that could harm the sensibilities of correct thinking citizens.

If you spot any suspicious whispering or unauthorized smiling that might indicate the presence of conversation against the interests of our new society, you are reminded to contact regional FBI authorities immediately.  You can remain anonymous and may be eligible for enhanced social credit deposits in your gasoline equity account.

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An independent journalist named Savanah Hernandez took to the streets in Dallas, Texas, to ask ordinary people what they think about Joe Biden’s economy and his continued claims that everything is ok.  She shares her findings in a short video segment. {Direct Rumble Link}

“Biden keeps touting America’s “strongest, fastest, economic recovery” & that “Americans feel more financially comfortable”. So, I went out on the streets of Dallas to ask real Americans if this was true”…  WATCH:

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In the background of these interviews, it is worth emphasizing that no other political candidate -from either side of the aisle- has the ability to reach such a broad segment of the U.S. population as Donald J Trump.  The Trump coalition is the largest and most diverse assembly of the American electorate that cuts through all categorized special interest groups.  It has been this way from the outset.

The broad support for the economic nationalist, America-First, commonsense agenda and platform created by Donald Trump, is the exact reason why DC democrats and republicans need to try and take him out of the arena.  Trump represents the majority sentiment, and the basic framework of his policy positions appeal to every spectrum of the American working class.

With Donald Trump in the picture the democrats are left with a very small, fragmented political support system consisting primarily of uppity white liberals, left-wing racists and toxic democrat-Marxists.

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