Knowing, not predicting – knowing – the Biden economic policies were going to create massive U.S. inflation in the years to follow, in 2021 I pinned a tweet thread to the top of my timeline on the CTH Twitter account that could be used as a reference. [You Can Read Here] Not a single month of statistical data has come in the past two years that was not entirely predictable.  Today’s report from the Bureau of Labor and Statistics (BLS) [DATA HERE] is no different.

Inflation is a measure of the change in a price. It is usually presented in terms of a percentage of change. When inflation starts to lessen, what that means is the rate of the price increase slows down. The price is still going up, but at a slower pace.

February prices overall increased 0.4% for the month, putting the current rate of annual inflation at 6.0%.  Meaning prices (on aggregate) are 6% higher than this exact same time last year.

Meanwhile, wages increased 0.2% for the month, and hours worked dropped 0.3% [DATA]. Wages only rising by half the rate of prices, and hours worked dropping, means the net ‘real wages’ declined, yet again, by 0.4%.

Workers are going backwards.

The very real impact on the working class is getting worse.  The blue collar team, who works for a living and does not take Instagram pictures of their lunches, are getting crushed in the Biden economy.  The divide between the ‘haves’ and the ‘have-nots’ is getting wider.

Put another way, Team MAGA, the entire continuum of normally apolitical working class, is watching the rust growing and feeling the worst part of the Biden economic outcome.  I have often spoken in my immediate circle of influence with the phrase, “financial anxiety is a very real concern the closer you get to the laundromat,” and many people have no idea what that means.

The biggest BS statement of the day goes to CNBC with this sentence:

“Inflation began rising in early 2021 due to a supply-and-demand imbalance. Now, it’s largely fueled by strong demand for labor, economists said.”  (link)

I challenge you to find a more encapsulating pile of horsepucky that represents the financial media era of great pretending.  When I read stuff like this, I begin to think the next great eruption of a violent war is getting even closer, and this war will have nothing to do with nations.

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Last week, South Dakota Governor Kristi Noem broadcast a warning on the Tucker Carlson show about a bill that passed her State House and Senate that she was forced to veto because it changed the definition of money and banned non-govt-issued cryptocurrency like Bitcoin. {Broadcast Warning Here}

The bill stems from the generally innocuous Uniform Commercial Code (UCC), which Daniel Horowitz describes as, “a set of standards to facilitate interstate sales and commercial transactions such that all definitions pertaining to such commerce are uniform and clearly understood.”  It looks like Horowitz was the first to transmit the public warning, as identified by two members of the South Dakota House Freedom Caucus, and then Kristi Noem became aware – thus the veto.

Governor Noem warned that the bill was already passing through several states, and if you look at the UCC Amendment tracking page [DATA HERE], she is correct.  The states in green on the map below are states where the UCC revision bill has already been introduced.

As Daniel Horowitz notes in his initial warning dated March 2, 2023:

“The revisions to Article I are very clear now that Bitcoin will not be money, because even though the definition provides for electronic money … it says that an asset that is adopted by a government as its medium of exchange will not qualify as money … if the electronic asset, such as Bitcoin, existed before it was adopted by the government. So Bitcoin, of course, exists today; it existed before El Salvador adopted it as its currency … so it will never be money for UCC purposes. The same for other kinds of crypto currencies.” So there you have it. Officials clearly mean to pave the way for CBDC while explicitly barring all competition. (more)

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Appearing on Sunday Morning Futures with Maria Bartiromo {Direct Rumble Link HERE} House Speaker Kevin McCarthy was asked about the January 6 video. He said, “we will slowly roll out to every individual news agency, they can come see the tapes as well,” and explained that Fox News had to go to the House to review the footage.

The questioning about this process starts at 10:55 of the video below. The main issue raised by everyone is, why doesn’t the House just post the video to a platform and let people go review it themselves?  Has anyone heard a good explanation for why this is not possible?  WATCH:

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The CNN panel was jaw-agape as Kevin O’Leary appeared earlier today to inform them the decision by Joe Biden to guarantee every deposit in U.S. regional banks is akin to “Joe Biden just nationalized the U.S. banking system.”

O’Leary is correct, and anyone who is holding assets like stocks or bonds in U.S. banks now needs to reconsider the disappeared line between government and the bank assets.  If the government can assume, control and backstop every single account balance within the bank, the government can assume and control all activity of the bank.  WATCH:

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Downstream…. think about the consequences.  Remember the frozen bank accounts in Canada as a result of defining truck protest supporting Canadian citizens as domestic extremists?

Now think about the government no longer needing to ask the bank to take action, the govt has a regulatory ability to demand the bank to take action.  This takes “debanking” to an entire new level.  People are wondering why cryptocurrencies went up in value today.  There’s your answer.

Comrade citizens, at the end of this rainbow of bank nudges, we will find ourselves at the footsteps of a government controlled central bank digital currency.

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The installed occupant of the White House said something today that is just brutally false on its face.

From the words typed into the teleprompter of Joe Biden you hear, “No losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund.” Who the hell does Biden think are paying those “fees”? Those fees paid into banks, and then out of banks, from all around the nation are paid by the people using the bank, that’s taxpayers.

The United States government does not create a single dollar of revenue. They transfer revenue from people to processes and systems of government. Charles Payne has a good perspective on this entire dynamic. {Direct Rumble Link} WATCH:

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During an interview with Margaret Brennan today, Congressman Michael McCaul -another GOPe weasel – said he stands with Vice President Mike Pence in saying “they avoided a constitutional crisis” on January 6, 2021, when Congress declared an emergency session and refused to entertain any challenges to the 2020 election certification.  WATCH:

[Transcript] – MARGARET BRENNAN: We turn now to the chairman of the House Foreign Affairs Committee, Texas Republican Congressman Michael McCaul.

Good morning to you, Chairman McCaul.

REPRESENTATIVE MICHAEL MCCAUL (R-Texas): Good Morning, Margaret.

MARGARET BRENNAN: I have got a lot to get to with you today.

But I want to start where I just left off with those very strong remarks from Mike Pence last night. Do you want to associate yourself with what he said?

REPRESENTATIVE MICHAEL MCCAUL: Let me just say Vice President Pence exercised moral clarity and judgment that day by doing his constitutional responsibility, authenticating the votes and counting them.

He avoided a major constitutional crisis that day. As you know, I voted for certification. That is our constitutional role not to overturn state- certified ballots. So, I agree. I mean, look, it was a dark — dark day. And I think people will be — history will judge everyone by what they did that day.

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The Ring of Truth – “I am too well accustomed to the taking of evidence not to detect the ring of truth.” 1908, Edith Wharton

Much has been made of the events of January 6, 2021, and with the latest broadcast of CCTV video from inside the Capitol Hill complex, more questions have been raised.

Within the questions: the FBI and government apparatus had advanced knowledge of the scale of the J6 mall assembly yet doing nothing?  Why were the Capitol Hill police never informed of the FBI concerns?  Why didn’t House Speaker Nancy Pelosi secure the Capitol Hill complex, and why did she deny the request by President Trump to call up the national guard for security support?  Why did the FBI have agent provocateurs in the crowd, seemingly stimulating rage within a peaceful crowd to enter the Capitol building?  There have always been these nagging questions around ‘why’?

Long time CTH reader “Regitiger” has spent a great deal of time reviewing the entire process, looking at the granular timeline and then overlaying the bigger picture of the constitutional and parliamentary process itself.  What follows below is a brilliant analysis of the federal government motive to create a J6 crisis that permitted House Speaker Nancy Pelosi to trigger an emergency session and avoid the 2020 election certification challenges.

Those congressional floor challenges, known and anticipated well in advance of the morning of January 6, 2021, would have formed a legal and constitutional basis for ‘standing’ in judicial challenges that would have eventually reached the Supreme Court.  The certification during “emergency session” eliminated the problem for Washington DC.

Regitiger explains below, only edited by me for clarity and context:

I think most, not all, but a large number of people, are totally missing what happened; and why this happened on Jan 6th.  I am going to try my best to outline the events that day, blast past the commonly held assumptions and get right down to the core corruption.

I will present this as a series of questions and answers.

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The 44-hour collapse of Silicon Valley Bank (SVB) is having some reverberations amid the tech sector as companies who carried unsecured deposits with the bank are facing an uncertain future.

Tech company Roku streaming services holds $487 million in cash reserves at SVB representing 26% of their liquid holdings. Those unsecured funds are now tenuous, depending on what steps are taken next.  Additionally, Etsy an online brokering retailer for mostly independent sellers, has also run into a snag with processing disbursement payments to those same sellers.  Etsy used SVB as a depository and payment transfer provider to the merchant accounts.

According to Axios, “Circle’s usd coin (USDC), the second largest stablecoin in the world” is also in a tough position “because a portion of its cash reserves were held at SVB, which the U.S. government took control of on Friday.”  These and other ancillary issues are now part of a larger conversation about whether SVB is representative of a weakness that may impact other banks.   However, current consensus is that a contagion effect is not expected.

SVB was exclusively a tech sector bank.  Small to mid-size tech companies who relied on SVB may have some immediate issues; but the larger banking sector seems much more solid and less exposed to the long-term treasuries that SVB was holding. “People are used to having zero interest rates and easy money, and it’s gone. And there are people who will manage that well and people who will not,” former Congressional Budget Office Director Doug Holtz-Eakin said during an interview on “Cavuto Coast-to-Coast” Friday. {link}

Meanwhile, congress is meeting with treasury and FDIC officials to discuss if taxpayer intervention is needed.  {insert eyeroll here}:

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Drawing attention to the testimony of FBI Director Christopher Wray in his responses to Representative Darin LaHood.

Representative LaHood is leading an internal congressional review of the FISA “702” reauthorization.  During the testimony, LaHood waxes philosophically about the importance of FISA-702 targeting as a tool for the FBI while simultaneously outlining how the FBI is weaponizing the tool.  At 06:24 of the video below, LaHood goes on to outline the details of the NSA noncompliance report showing how the FBI intentionally targeted him, likely because he is leading the 702 reauthorization group.

The irony here is thick.  The FBI illegally uses 702 search queries, and in the example of LaHood, it is demonstrable targeting because the search query was only for his name, so there can be no claim of “inadvertent” search result.  Simultaneously, FBI Director Chris Wray states the number of illegal FBI searches of the database is 84% improved year-over-year. In essence, the FBI is saying they are breaking the law 84% fewer times.  WATCH:

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After his review of the Twitter Files, Michael Shellenberger is beginning to take a big picture approach to each of the discoveries.  {Direct Rumble Link}

Shellenberger, appears on Tucker Carlson tonight to discuss how in the big picture the U.S. government is conducting psychological warfare against domestic citizens through the auspices of Twitter and likely other social media platforms. He’s not wrong, we’ve been calling it out in real time.  WATCH:

Semi-related.  You might remember for several months CTH has been outlining the state of the issues between the United States and Mexico regarding energy policy.  Within the dynamic I have said repeatedly to “watch Mexico” through the prism of: what would the USIC, specifically in this instance the CIA, do to turn American sentiment against Mexico?

Remember me repeatedly saying that?  Within those questions, and from that baseline, you will discover why I have not been writing about a Mexican cartel kidnapping four American hostages, killing two.

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