… And if they don’t, they are Russian sympathizers.

Delivering remarks from the stage built next to the White House, earlier today Joe Biden demanded that congress and states suspend gasoline taxes for 90-days in order to offset the massive price increases his energy policy has created. {Transcript Here} Additionally, Biden says any political opposition to his demand means his opponents support Russia:

“for all those Republicans in Congress criticizing me today for high gas prices in America, are you now saying we were wrong to support Ukraine?  Are you saying we were wrong to stand up to Putin?  Are you saying that we would rather have lower gas prices in America and Putin’s iron fist in Europe?  I don’t believe that.” {Direct Rumble Link}

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It will be worth watching how California Governor Gavin Newsom responds to this instruction.  California has the largest gasoline taxes in the nation and uses them to fund the majority of their left-wing policies.

Full video and transcript below.

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Federal Reserve Chairman Jerome Powell admitted the obvious in his senate testimony today when asked about U.S. inflation.  However, his testimony directly contradicts the White House claims.

Senator Bill Hagerty (R-Tenn.), member of the Senate Banking Committee, walked through the inflation timeline and asked Chairman Powell about the cause of the escalated inflation in 2021.  Powell admitted the massive rise in inflation had nothing to do with the Russian invasion of Ukraine. WATCH (02:16 Prompted):

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Earlier today, touting vaccines for babies and children 6months through 5 years of age, Joe Biden explained they needed more taxpayer money to give to pharmaceutical lobbyists to pay for vaccines and organize the next pandemic. {Direct Rumble Link} – WATCH:

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We The People are in an abusive relationship with Joe Biden’s government.

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Joe Biden gave an impromptu interview with media at the beach in Delaware early this morning.  There is a lot going on in the video of the interview below.

First, Joe Biden’s daughter, Ashley Biden (jean shorts and green shirt), is obviously on alert and assigned to the role of Joe’s handler during this outing.  Two parents asked Joe for a picture with their daughter, a little girl in a bathing suit.  It appears Ashley was nervous about the optics and made some quick moves when creepy Joe gets ‘handsy.’  WATCH:

https://youtu.be/AR4h9InKYBc

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Secondly, if you have watched the video, you will notice Joe Biden said he talked to Larry Summers this morning.  Yesterday on Meet the Press, Summers stated a recession was a certainty given the status of the economic conditions.  However, creepy Joe says today he doesn’t believe a recession is likely.

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NEC Director Brian Deese delivers a consistent blend of words, claimed to be economic policy, that make absolutely no sense.  Deese is almost as bad at parse tongue gibberish as Pete Buttigieg and Kamala Harris, but not quite up to their level.   Many will think Deese is uniquely unqualified. However, if you accept that Deese job is to be the distracting front man -spewing nonsense platitudes while others detonate the economic explosives- then he is being successful.

Deese appeared for two interviews, one on Fox News Sunday {SEE HERE} and on on CBS {SEE FULL INTERVIEW HERE}. Fox News (Shannon Bream) attempted zero pushback on Deese ridiculous claims.  CBS (Margaret Brennan) at least pushed back a little harder.  However, we must accept both media outlets are advancing the same corporate agenda by playing the pretend game with Deese appearances.

Deese used the word “transition” eleven times in both interviews in relationship to the economy.   Deese was never asked what this actual “transition” is that he speaks so often about.  At certain trigger points Deese gets down to political nonsense when he says what the Biden team is doing to combat inflation.  He brings up three legislative priorities that he claims will lower consumer costs: (1) raise taxes; (2) federal takeover of all Rx prices; and (3) subsidize energy prices for low-income Americans.   That’s the plan; at least that’s what his unserious word assemblies are intended to claim as a plan, and he’s sticking to it while the media nods along.  WATCH:

{Full Interview with Brennan Here}

FYI, the Brian Deese economic plan is also the Larry Summers economic plan as outlined on Meet the Press {SEE HERE}.  At this point the entire DC system, including both democrat and republican wings of the UniParty vulture, are in alignment to fundamentally change the U.S. economy, justified via climate change, and kick start their carbon trading platform.    There is no entity in/around Washington DC trying to stop the economic collapse caused by energy policy.

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This interview is nothing but gaslighting crazy talk from an insufferable ideologue who is responsible for managing the insane policy driven consequences of transitioning from oil, gas and coal into an era where windmills and solar panels provide U.S. electricity.  Janet Yellen is the decline manager.

Treasury Secretary Janet Yellen begins the interview by denying the U.S. economy is shrinking.  Literally in the first answer Yellen says the economy “has been growing at a very rapid rate as the labor rate has reached full employment, it’s natural now that we expect a transition to steady and stable growth.”  Obviously, in order to say the economy has been growing, Yellen needs to pretend not to know the first quarter GDP was -1.5% as measured.  But wait… it gets more ridiculous….

At 06:30 of the interview, Yellen claims with a straight face that U.S. energy policy, which includes massive amounts of new crushing regulations from Biden, is not responsible for U.S. oil and gasoline prices.   WATCH (prompted):

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Neil Oliver uses language to hack the great red pill vending machine and feed the masses.   In his weekly monologue today, Oliver notes the great resetters, the alliance of multinational corporations and government leaders, are intent on using fear and finance to build the post-covid control mechanisms over the people within western society.

Create massive costs, destabilize the people, manipulate the crisis and leave the common family left trying to figure out what is happening.  Government and bankers using fear and finance respectively; both leveraged against the people, while drumbeating the continued nonsense of climate change and the need to ‘save the planet’.  Video and Transcript below, well worth WATCHING and Reading:

[Transcript] – “Things are heating up – can you feel it?

It’s been warm in parts of Britain – although not as warm as climate crisis experts predicted. By this I mean the latest figures released by the United Nations’ Intergovernmental Panel on Climate Change – the infamous IPCC – show the world’s temperature hasn’t risen for 15 years.

According to press reports last week, politicians in Germany, Hungary, Belgium and the US – politicians who depend on climate crisis scientists’ computer modelling and predictions to justify their hugely expensive green energy policies – apparently wanted the many hundreds of scientists around the world responsible for the report to cover up the inconvenient truth that Earth’s temperature has plateaued for a decade and a half.

The report was just quietly slipped out onto the Internet instead, without press release or any other fanfare.

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We have been waiting for the non-essential durable goods side of the manufacturing sector to start showing evidence of demand side contraction in consumer purchases.  There have been subtle sector-by-sector indicators of consumer spending shifts for several months; however, today we get the direct evidence from Samsung.

Samsung is one of the leading manufacturers of consumer electronics and products that require chips.  For three months the electronics sector has shown background signals that inventory was not moving.  One of the more recent indicators of a demand side contraction was the lack of upward price pressure inside the electronics sector.  Essentially, consumers are not purchasing the current inventory, so prices are actually dropping in this segment.  [SEE TABLE 2, CPI Chart]:

Despite overall inflation of 8.6% within the CPI, deep inside the category indexes you will note that electronic prices are actually dropping.  Televisions -9.5%, Video equipment -4.3%, etc.  Video and audio products overall dropped in price 1.4% for May, and dropped 5.2% year-over-year.

The supply chain in this sector is lengthy. Meaning inventory builds slowly as consumers stop purchasing in the USA.  Retail store inventory turns slow, store inventory climbs, then warehouses inventories climb as stores do not need product. The negative boxcar effect travels back to the manufacturer overseas over the course of several purchase cycles.  Eventually, everyone within the sector is telling the supplier we do not need product.  Then the manufacturer has to quickly slowdown raw material.

Due to lengthy supply chains, including trans-pacific shipments, the process to stop deliveries in this electronic goods sector is around 90-days before the drop in retail sales reaches the manufacturer to stop production.  Here is the announcement from Samsung:

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The White House shares the contents of another phone call between Joe Biden and Ukraine President Volodymyr Zelenskyy today in a media release.  According to the details of the call, a generous Joe Biden has directed another $1 billion in aid to the laundry operation in order to assist Ukraine “families to purchase essential items.”

WHITE HOUSE – “This morning, I spoke with President Zelenskyy to discuss Russia’s brutal and ongoing war against Ukraine.

[…] I informed President Zelenskyy that the United States is providing another $1 billion in security assistance for Ukraine.

[…] We also remain committed to supporting the Ukrainian people whose lives have been ripped apart by this war. Today, I am also announcing an additional $225 million in humanitarian assistance to help people inside Ukraine, including by supplying safe drinking water, critical medical supplies and health care, food, shelter, and cash for families to purchase essential items.” (read more)

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The South Carolina republican club keeps an open primary election so they can coordinate with Democrats on key races.  The larger goal is to retain power.  As planned, democrats in/around Charleston voted to support Club candidate Nancy Mace as part of the power control.   However, at least Tom Rice was eliminated in district 07.

(Via Politico) […] Rep. Tom Rice, one of the 10 House Republicans who voted to impeach the former president, lost his primary to Trump-endorsed state Rep. Russell Fry. It’s the first time this year that a Republican impeachment backer has faced a challenger backed by Trump — and the results were emphatic, with Rice’s party support crashing to just a quarter of the vote. (read more)

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