Joe Biden was in Iowa today attempting to justify the massive Bidenflation his economic policies have created.  As a result of Biden energy, fiscal and monetary policy, rising oil and gasoline prices are contributing to pre-existing inflation and crushing the U.S. economy.

As part of the White House plan to blame anyone and everyone except the Joe Biden policy agenda, Biden took to the microphones to blame Russian President Vladimir Putin.  However, reflecting the synergy of human and avian opinion, a bird flew overhead and pooped on him.  WATCH:

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She did it again. Just like in February, when Psaki (seemingly out of the blue) gave a weird proactive statement about bad economic data that was going to be released the following day {LINK}. Earlier this afternoon White House spokesperson Jen Psaki gives another proactive justification for even worse inflation data that is about to be released from the Bureau of Labor and Statistics tomorrow.

In this brief soundbite, Psaki says the March inflation data that is going to be released tomorrow is going to show “Putin’s price hikes” on U.S. consumers.  However, even within the framework of her false justification, she attempts to blame Putin for gas price increases in January, when the Russian military operations did not start until February 24th.  The inflation news is going to be really bad tomorrow. How bad?  WATCH:

https://youtu.be/tNBvUq8e2Ko

None of this will come as a surprise to CTH readers.  We noted in the February inflation data (released in March), that things were going to be much worse in the April release.  The reason was simple, the massive gas price increases were not yet matriculated in the February data, and the massive food inflation was not yet captured by the USDA component. All of that preceded Russia’s invasion of Ukraine.  None of it has anything to do with Vladimir Putin.

The inflation data that will be released tomorrow is the first visible data assembly of the second inflation wave now upon us.  Remember, inflation data lags behind the reality of the price increases. What the BLS will show tomorrow is the price results from the last half of Feb through the half of the month of March.  It will likely show the largest single month inflation increase in modern history.

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Against the backdrop of increased Russia-India trade {link}, and the BRICS discussions about new trade payment mechanisms to avoid being shackled to the dollar {link}, it would appear the people behind the White House operation to create/maintain conflict with Russia are scheduling a stern conversation with India’s Prime Minister Narendra Modi.

WHITE HOUSE – ” President Joseph R. Biden, Jr. will meet virtually with Prime Minister Narendra Modi of India on Monday, April 11 to further deepen ties between our governments, economies, and our people. President Biden and Prime Minister Modi will discuss cooperation on a range of issues.” …

“President Biden will continue our close consultations on the consequences of Russia’s brutal war against Ukraine and mitigating its destabilizing impact on global food supply and commodity markets.” (read more)

The message from the White House will likely be akin to: ‘Nice country of 1.5 billion hungry people you got there Modi.  With all this talk of global famine going around, it’d be a shame if you couldn’t feed them.’ Oh, and by the way, did you happen to catch what just rolled out in Pakistan?  Imagine that – what with common borders and such… 

For those unfamiliar, it appears the DoS/CIA were up to their old tricks again, because Pakistan was favorable to the position of China and Russia in the Ukraine conflict and would not take sides with NATO and western allied leaders.

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CBS has released their latest YouGov Poll [DATA HERE], again showing the top priorities of the American people are not even on the radar of the American government.  The DC beltway disconnect is stark.

Interestingly, the recent survey of Pennsylvania voters done by Reuters, turned up this almost identical priority list, only Rusia/Ukraine did not even appear in the top five.  The economy, inflation, gas prices, crime and immigration are the top five issues across the board, in almost every poll.

Russia/Ukraine is a non-existent issue. Yet, that is the actionable priority -with questionable importance for U.S. security interests- for a totally out of touch government and media to focus on.  Sending $14 billion to help Ukraine’s border fight, while our borders are crushed with illegal aliens, is a sharp stick in the eye for every American.

Unfortunately, our opinion doesn’t matter, and frustratingly, the people using Biden as a tool to achieve their goals do not have any concern whatsoever about political fallout.  Biden is a disposable tool for a program of rapid single-term advancement of the democrat-communist agenda.

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Loretta Mester, the president and CEO of the Federal Reserve Bank of Cleveland, appears on CBS Face the Nation to discuss inflation, the economy and monetary policy.  Ms Mester is in a tough place, because she cannot admit the influence of federal monetary policy is far outmatched in the era where Joe Biden energy policy is limiting oil and gas development and creating massive inflation.

Mester does admit the supply chain crisis will extend well into 2023, but blows hopeful unicorn wishes by projecting that price inflation will temper by the end of this year.  From the perspective that 20 to 50% price increases on critical goods (housing, food, fuel, energy) are unsustainable in repeated cycles, she is correct; the rate of inflation will lower. However, that’s only because the baseline prices will have increased so high the rate of increase measure falls.  WATCH:

A $4 item that gains a $2 increase holds a 50% rate of inflation.  The next year that $6 item again has a $2 increase, but the rate of inflation drops to 33%.  The price increase is the same, but the rate of inflation drops.  That’s what is going to happen in the second half of this year.  FUBAR

The White House is doing this on purpose in order to chase their ideological dreams of sustainable energy and climate change.  Energy prices underline the entire economy, because oil and gas prices touch everything.  Insofar as they continue the war against coal, oil and gasoline, there’s nothing monetary policy can do to combat inflation.  The Fed must however, pretend not to know things.

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Neil Oliver takes a look at the economics of COVID and how government intervention and spending has crushed the working class.  However, it is not the financial aspects that carry the worst debt in the aftermath, there is a human cost that can never be repaid or recreated.  WATCH:

{TRANSCRIPT} –  “There are debts that can be repaid and debts that can’t. During the time of Covid, vast piles of money were conjured into being by the government, borrowed as if by magic from the distant future. Unimaginable quantities of that funny money were wasted – spent on PPE that didn’t work or that wasn’t needed and is now yet more plastic heaped into landfills or otherwise littering the landscape and seascape. Millions went on the Nightingale hospitals that were never used. Around 37 billion pounds – ten percent of a total of 370 billion pounds set aside for Bounce Back Loans and the Eat Out to Help Out scheme – were lost to fraudsters. £37 billion pounds.”

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Last weekend, it was the Hungarian election that surfaced as the first contest between globalism -vs- nationalism in the “post-COVID” era.  This weekend, it is the election in France that will indicate how the French people feel about similar issues of the totalitarian, fascist or corporate state, i.e. “globalism.”

There are a multitude of parties and coalitions in France represented by multiple candidates.  However, if no candidate wins 50% of the total vote tomorrow, only the top two candidates will advance to the second round national election on April 24th.  Those top two candidates are likely to be current French President Emmanuel Macron (globalist wing) and Marine Le Pen (nationalist wing).

Currently Macron holds around 25% and Le Pen around 23% (individually) for the first round, with multiple candidates holding smaller percentages of the remaining vote.  Therefore, it is almost certain that Macron and Le Pen will advance to a head-to-head matchup on April 24th.  That’s when things will really become important for the larger battle of globalism v nationalism.

The two candidates have faced off before, however, this time the pandemic response by Emmanuel Macron could likely tilt the election in favor of Le Pen.

SIDEBAR – I predict we will see Barack Obama enter the French presidential election again, as an influence agent, between Monday of next week and April 24th, just as he did the last time in order to try and convince the French people to stick with Macron.  Foreign interference in national elections (think Russia interfering in U.S. elections) is a horrible thing, a terrible threat to democracy, except when the U.S. globalists need it.

When the U.S. leftists, Democrats, need to influence the Canadian election, suddenly election interference is a good thing.  When the Democrats need to influence the Mexico election, no big deal. When the U.S. leftists need to influence the French election, or Egyptian election, or Israeli election, or U.K. election, no biggie, no biggie, no biggie.  Their hypocrisy is boundless when they know the media will let them pretend not to know things.  Watch for it, I’ll bet one donut the U.S. will pull out all the stops to support Macron. I digress…back to the point of current France.

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In Chapter 1, sub-section 1.4 of the 2022 Canadian budget, there is a rather remarkable new rule that bans foreign ownership and investment in housing for a period of two years.  [LINK HERE]

“To make sure that housing is owned by Canadians instead of foreign investors, Budget 2022 announces the government’s intention to propose restrictions that would prohibit foreign commercial enterprises and people who are not Canadian citizens or permanent residents from acquiring non- recreational, residential property in Canada for a period of two years.”

Two points about this issue.  First, can you imagine the media outcry if a conservative prime minister would ever make such a proposal?  Quite a leftist change from the previous mantra “diversity is our strength”?

Second, considering the issue of foreign investment that creates housing, there is a likelihood this could backfire.  The new position of Canada will certainly put more upward pressure on the U.S. housing market.  Every action tends to have an equal and opposite reaction.  It will be interesting to follow this and see where it leads.

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While we have not followed the case as closely as some, the original framework of the federal case against men accused in the kidnapping plot of Michigan Governor Gretchen Whitmer seemed seriously sketchy from the outset.  When it was revealed that twelve FBI operatives were involved in the plot {LINK}, well, it looked like a classic entrapment case.

Six total suspects were arrested of the group of 18 total plotters.  Twelve of the eighteen were feds.  Two men took a plea deal for lesser charges leaving four men to stand trial.

After four weeks of testimony, the jury was given the ability to consider an entrapment defense. Four days of deliberations have resulted in a not guilty verdict for two of the suspects and a hung jury on two more.

MICHIGAN – A federal jury didn’t find four men suspected of conspiring to kidnap Michigan Gov. Gretchen Whitmer guilty Friday.  

Brandon Caserta, 34, of Canton, and Daniel Harris, 24, of Lake Orion, were found not guilty of conspiring to kidnap, a potential life offense.  The jury was hung on conspiracy charges against Barry Croft Jr., 46, of Bear, Delaware, Adam Fox, 38, of Wyoming. 

Harris and Caserta were additionally found not guilty on additional weapons charges and will be released from detention. […] The U.S. Attorney’s Office could retry Fox and Croft, who remain jailed, on their unresolved counts. (more)

Julie Kelly followed the case closely, and she posts the following article [SEE HERE]

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CTH noted earlier, in the aftermath of the COVID-19 control mechanisms, things were being done legislatively to follow a ‘new world order’ for western democracies {Go Deep}.  One of the nations we noted following this new direction, was Canada.  Today, a review of the proposed Canadian 2022 budget finds something to align with the new version of democracy – the establishment of funding to create a central bank digital currency.

That should not necessarily come as a surprise.  After all, despite a massive amount of denial from the Canadian Finance Minister and Canadian Prime Minister toward the context of CTH research {Go DEEP}, the direct evidence we were looking for is now discovered.

Buried deep, very deep, in Chapter 9.2 of the Canadian Budget you will find this:  …”In the last several months, for example, there have been a number of high-profile examples—both around the world and here in Canada—where digital assets and cryptocurrencies have been used to avoid global sanctions and fund illegal activities.”

(Chapter 9.2) […] Budget 2022 includes measures that will help maintain the integrity of the financial system, promote fair competition, and protect both the finances of Canadians and our national security.

• • Budget 2022 announces the government’s intention to launch a financial sector legislative review focused on the digitalization of money and maintaining financial sector stability and security. The first phase of the review will be directed at digital currencies, including cryptocurrencies and stablecoins.
  • Budget 2022 also proposes $17.7 million over five years, starting in 2022-23, to the Department of Finance to lead the review.

The review will examine, among other factors: how to adapt the financial sector regulatory framework and toolbox to manage new digitalization risks; how to maintain the security and stability of the financial system in light of these evolving business models and technological capabilities; and the potential need for a central bank digital currency in Canada. (LINK)

Huh. Imagine that.  What was called a “conspiracy theory” just a few weeks/days ago, is now the expressed intent of the same government who denied it was ever being considered.

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