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Report, JP Morgan Predicts National Average Gasoline Prices Over $6 Gallon by August

Zero Hedge published a good article yesterday with some solid internal data showing a strong likelihood that national gasoline prices are likely to rise another 40% from current levels by mid-late summer.  That would put the national average for a gallon of gasoline around $6.20 by August.

The data behind the prediction is solid and essentially boils down to the U.S. refineries not having the expanded capacity needed to keep up with an increased summer demand, particularly as they need to keep generating high volumes of diesel fuel due to current critical shortages.

The issues are created by the Biden administration and the regulatory stranglehold they put on the oil and gas industry last year.  Obviously, all of this is a feature of the administration plan, not a flaw.  The Green New Deal agenda necessarily requires that gasoline rise in price to $7/gal this year in order to force the change in profit dynamic for alternative fueled transportation.

Unfortunately, we the consumers will be the ones punished as the progressive, communist and far-left policy makers chase their climate change agenda.  Cheap and cost-effective energy has to be made ‘not cheap’ and ‘not cost-effective’ in order to create the energy crisis their agenda requires.

Massive increases in gasoline prices are a feature, not a flaw.

Remember, Biden is disposable.  The people behind Biden purposefully selected him in order to generate a kamikaze ‘fundamental change’ mission within a single 4-year presidential term.  Getting crushed on the political outcomes is irrelevant, they just need to push the agenda fast enough, far enough, and destructive enough, so that all energy policies become irreversible.

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Interesting, DHS Pauses Disinformation Governance Board, Ministry of Truth Head Nina Jankowicz Removed

Interesting background discussions today, very interesting.  There are some aspects to the Washington Post story about DHS abandoning, at least temporarily, the Dept of Homeland Security Disinformation Governance Board.

WaPo represents the CIA public relations/narrative engineers, so it doesn’t come as a surprise they would be the announcing outlet for the leaked information.  There’s also an interesting aspect in who was selected to write the article, Taylor Lorenz, the conscripted narrative engineer and lead on-line counterintelligence/propaganda pusher.  [LINK]

However, beyond the background intelligence motive; and accepting the expressed intent of the DHS ministry of truth effort; notice the picture Lorenz published to accompany the notification (see above). “Nina Jankowicz … works in a press room at Volodymyr Zelensky’s campaign headquarters in 2019 in Kyiv, Ukraine.”  Quite telling.

The takeaway from the above data points, outlines how long the DHS has been planning to use the conflict in Ukraine to advance the agenda of the State Dept and intelligence apparatus (CIA).  When combined with the rapid response from big tech search engine notifications about removing on-line content that contradicted the official position of the U.S. government toward the Ukraine conflict (Google and DuckDuckGo), what we see is a very fulsome picture of how the U.S. government advanced propaganda was being constructed.

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Project Veritas Catches Vicious Twitter Executive Dismissing Free Speech and Mocking People with Asperger’s, Elon Musk Reacts

It did not take Elon Musk long to react to the second explosive undercover video of Twitter executives disparaging free speech and even mocking Musk for Asperger’s.   This will not end well for Mr. Alex Martinez, Lead Client Partner for Twitter advertising.

[NEW YORK – May 17, 2022] Project Veritas has published the second part of their series on Twitter. This story features undercover footage of Lead Client Partner, Alex Martinez, an employee for the tech giant, who sometimes speaks on behalf of the company at events. This footage shows a very candid Martinez speaking about how the company’s “ideology” led them to be less “profitable,” among other incendiary comments.

[…] Martinez even made distasteful comments about Musk having Asperger’s. “He has Asperger’s,” Martinez says at one point adding, “so, he’s special.” Going further, Martinez later says, “We all know that and that’s fine. So here, no one’s going to say some f**king crazy sh*t because he’s special.” (read more)

The successful entrepreneur, SpaceX and Tesla CEO, and world’s richest man responded via Twitter.

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Special Prosecutor Frames the Background of the Sussmann Case, The FBI Was Manipulated, Duped by Clinton Campaign

New York Times narrative engineer Charlie Savage is tweeting from within a packed media center at the E. Barrett Prettyman courthouse in Washington DC for the government case against Clinton lawyer Michael Sussmann. [TWEET THREAD]  The mentions and notations, while skewed toward the self interest of media, give us a good insight into what is taking place in the courtroom.

First things first. All media reporting of this case will be done through the prism of their own cooperation in the perpetration of the fraud.  The MSM knew along with everyone else inside and outside of government, that their efforts to create the Trump-Russia conspiracy and collusion narrative were based on fraudulent pretext manufactured by the Clinton campaign.  They all knew it. They all acted collaboratively and they all engaged purposefully.

As noted by Charlie Savage, prosecutor Deborah Shaw, a member of the Durham team, delivered the opening remarks to frame the government position in the case.

The telling remarks came early: “Shaw addresses “the elephant in the room” – tells jury their feelings about Russia, Trump, Clinton can’t play a role in the case. This is about “our FBI” which should not be used as a tool by anyone, Republicans or Democrats.”  In essence, prosecutor Shaw is telling the jury the FBI were duped into the Trump-Russia conspiracy investigation by outsiders connected to the Clinton campaign.

That’s a critical baseline from the government we must understand and accept.  That baseline now indicates that none of the DOJ and FBI operatives involved in the fraudulent scheme will be held accountable by the Durham team.  “Our FBI should not be used as a tool by anyone,” yet they were, so sayeth the United States Government.

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Erdogan Will Not Accept Sweden and Finland into NATO Until He Extracts Concessions for Former Positions Against Interests of Turkey

Turkey as a member of NATO has always been a thorny and multi-layered geopolitical issue.  In the latest chapter of the dynamic, Turkish President Recep Erdogan, a man with visions of his own grandiose importance as the leader of the next Ottoman empire, has said Sweden and Finland do not warrant entry into NATO because they have held positions adverse to the interests of Erdogan and the Muslim Brotherhood.

As the entry point from the middle east into Europe, Erdogan has long leveraged his gatekeeper status to create an oversized influence of power.  When the EU formally declared the era of multiculturalism was failing 2012, and Islamic extremists were carrying out terrorism attacks all over the NATO alliance, Erdogan leveraged his ability to open the floodgates from Syria to gain additional financial benefits.

On one hand, when Turkey shot down a Russian fighter jet in northern Syria, Erdogan hid behind the skirt of NATO seeking protection from Russian retaliation.  On the other hand, when the U.S. refused to give Turkey missile defense systems, Erdogan buried the hatchet with Putin and purchased Russian missile defense systems.   President Erdogan plays all sides in advancing his interests.

In the latest development, what Joe Manchin is to the leftist agenda of Joe Biden, Erdogan is playing that role toward the globalist agenda of NATO.  The big picture behind Erdogan’s priorities is always connected to the agenda of the Brotherhood.

ISTANBUL (Reuters) -Turkish President Tayyip Erdogan said on Monday that Swedish and Finnish delegations should not bother coming to Ankara to convince it to approve their NATO bid.

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Sunday Talks, Bartiromo Interviews Nunes and Patel About Sussmann Trial

In the second segment of the interview with Maria Bartiromo, Devin Nunes and Kash Patel discuss the trial of Michael Sussmann which begins tomorrow. {Direct Rumble Link}

Ultimately the issue in the Michael Sussmann trial is quite simple:

Did the DOJ and FBI know the material Michael Sussmann was giving them came from the Hillary Clinton campaign?

We all know the answer to that question, of course they did.  However, there has been –and continues to be– a game of grand pretense from the DOJ/FBI group where they pretend not to have known.

Two groups: the “insider group” (DOJ/FBI) and the “outsider group” (Perkins Coie, Fusion GPS, Clinton campaign, Sussmann, Elias, Mook, etc).

Claiming the DOJ and FBI were duped, is the government firewall that protects the inside group.  However, this claim is now against the interest of Michael Sussmann who has been accused of false representation and lying to the FBI about the provenance of the information he provided.

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Sunday Talks, Bartiromo Interviews Nunes and Patel About Musk and Twitter

Fox News Maria Bartiromo interviewed Devin Nunes and Kash Patel ahead of the trial for Clinton campaign lawyer Michael Sussmann which begins tomorrow.  The interview breaks down into two segments, the first segment outlines the discussion of Elon Musk purchasing Twitter. {Direct Rumble LinkWATCH, Part I

The issue of ‘bots’ operating on the Twitter platform is an interesting aspect when you consider the cost of platform operation.

On one hand, extensive auto-generated ‘bots’ would be an issue of cost and data-processing, a net negative.  On the other hand, the use of bots would be a manipulative practice for the creation of false impressions to generate advertising revenue.

If the scale of data-processing was subsidized, an outcome of a network of data processing centers -clouds- linked to government resources, the bots would not be an issue for the operation.  Despite the false impressions generated, bots would, however, under this weird situation, be useful for the manipulation of the conversation.  At the root of Elon Musk’s line of inquiry is the need to discover if this suspicion is true.

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NBC Poll, Contracted to Same Democrat Firm Who Created Ultra MAGA Branding Effort, Reflects Highest Disapproval Ever for Joe Biden

NBC is promoting their contracted poll today [pdf HERE] around the lesser-important voting issue of abortion.  However, before getting to the poll it is worth noting again who they contracted with.  Inside the article you will note this sentence, “[…] who conducted this survey with Democratic pollster Jeff Horwitt of Hart Research Associates.”   If that name sounds familiar, that’s because it is the same ideologically aligned polling outfit who spent six months creating the ultra-MAGA branding campaign for Anita Dunn and the White House {link}.

The abortion polling is irrelevant to the issue of larger public opinions of the Biden administration.  On abortion, 10% of polled respondents say they are single issue voters [respondents = 790 RV’s, (79 single issue)].  Out of 79 single issue voters, 22% list abortion as their top priority. So, out of 790 registered voters, 17 view abortion as their single issue to vote on.  That’s the scale being overemphasized.

On the larger issues of voter priorities, the economy dominates with 40% responses.  Additionally, the polling identifies 39 percent of Americans approving of President Biden’s job as president, versus 56 percent who say they disapprove.  75% say the country is heading in the wrong direction, and only 16% saying the country is on the right track.   That’s the bigger headline.  WATCH:

[POLL pdf Here]

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Sunday Talks, Goldman Sachs CEO LLoyd Blankfein Still Sees Demand Side Inflation

Appearing on Face the Nation (FtN) Goldman Sachs CEO Lloyd Blankfein discussed his views and perspectives on the economy overall and U.S. inflation specifically.  Undoubtedly Blankfein has access to resources and analysis far beyond CTH scope; however, despite a statistically factual contracting GDP, Blankfein is claiming to see overall demand side inflation remaining in the macro economy.

Perhaps that view might still be true domestically on the service side (it certainly isn’t on the trade side), but demand driven inflation does not appear visible on the goods side of the economic ledger.  What is clearly present as the price driver is “production side inflation,” the costs to create goods and bring them to market.   If you look at economic activity in units instead of dollars, the units are contracting.

The demand for goods is now focused almost entirely on priority or essential purchases like housing, energy, fuel and food.  The price for those essential products is driven by production costs, which are a direct outcome of the energy policy, environmental policy, regulatory policy, and to a lesser extent trade policy, of the Biden administration.  Blankfein is pretending not to know things… WATCH:

Putting housing aside due to investment purchasing of real estate, if Blankfein was correct, and demand was still driving inflation, then a massive deflationary cycle would be coming as a result of lowered consumer purchasing of goods.   There isn’t any chance we are going to see “deflation” in the next several years.  [We will likely see housing prices collapse, but not consumer goods.]

Inflation is being driven by production costs, and there is no end in sight to the production cost increases as long as the crew behind Joe Biden keeps strangling the U.S. energy sector…. and then compounding the domestic price issue by creating incentives for energy exports (vis-a-vis EU sanctions).  The production inflation is a purposefully inflicted wound on our economy.  Production inflation is avoidable.

That interview is Wall Street gaslighting to a Main Street audience.  I don’t like it one bit.

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The Pentagon Testified Assessing Ukraine and No One Noticed

As we contemplate the massive $40 billion transfer of U.S. taxpayer funds to Ukraine, a few things need to be emphasized.

First, congress has decided to pay the salaries, benefits and pensions of Ukraine political officials and citizens.  As U.S. citizens try and figure out how to afford housing, gasoline, food and basic goods, congress has decided to subsidize another country.  That’s the first point.

Second, as to the pragmatic question of “to what end?” There was a critical point made last week by Defense Intel Agency (DIA) Director Lt. Gen. Scott Berrier, that not a single media outlet or politician discussed.  During his briefing to the Senate Armed Services Committee, Berrier was asked “can Ukraine win” the conflict against Russia?

Lt. General Berrier replied: “That is a difficult predication to make. I think where the assessment is at, is a prolonged stalemate should no factor change on either side. In other words, the Russians continue to do what they’re doing, and we continue to do what we are doing for the Ukranians.”  WATCH:

The Pentagon assessment is the best that can be achieved is a stalemate.  Billions of billions of dollars being poured into Ukraine, and the most likely outcome is a stalemate.  More people killed, an endless need for continued money to be poured into the ‘war’, and the best possible outcome is a stalemate.

So, riddle me this, why isn’t the U.S. policy position advocating for Zelenskyy and Putin to enter negotiations for a resolution?

What possible U.S. interest can be advanced, knowing the only outcome is a stalemate, where people are killed on either side and money spent on a proxy conflict that ends in loggerheads at some distant point months from now?

Also, why has no U.S. media outlet or pundit played the remarks and assessment from the Defense Intelligence Agency, so that the American people can understand the intent of U.S. policy?

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