The timing here is genuinely ridiculous.  It’s as if the federal government, specifically the U.S. Consumer Product Safety Commission, led by… Richard Trumka Jr (yes, that guy’s son)… doesn’t think or care that we can see the real issue is to change energy uses.

Now that Russia has been isolated from natural gas sales, the European Union needs the supply of all other natural gas markets in order to keep itself from freezing to death.  Simultaneously, natural gas as an energy resource is now bad, terrible like oil and coal, amid the climate change cult.

So, they need to change the narrative and stop people from using natural gas appliances.

Suddenly, after generations of natural gas appliances existing in almost half of the kitchens, suddenly the appliances are toxic, dangerous and likely to require a ban against use.

(Bloomberg) – A federal agency says a ban on gas stoves is on the table amid rising concern about harmful indoor air pollutants emitted by the appliances.

The US Consumer Product Safety Commission plans to take action to address the pollution, which can cause health and respiratory problems. “This is a hidden hazard,” Richard Trumka Jr., an agency commissioner, said in an interview. “Any option is on the table. Products that can’t be made safe can be banned.”

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The Washington Post speaks for the CIA, IC and DNI.  The New York Times and Politico speak for the FBI, DOJ-NSD and DHS concerns, while CNN is the representative voice of the U.S. State Dept.   These are the constants in the ever-changing world of narrative engineering.  Never forget them.

As a direct result of the concerns expressed within a New York Times article, it’s abundantly clear the FBI and DOJ-NSD are worried about the new House Subcommittee on Federal Weaponization of Government.  Specifically, the concern of the DOJ/FBI is the potential for the committee to start looking behind the curtain at the activity and intents of the special counsel operation.

(New York Times) – […] The resolution appears to give him authority to subpoena the Justice Department for information about the special counsel inquiry into Mr. Trump’s attempts to overturn the 2020 election and his handling of classified documents, along with other politically charged matters like an open tax investigation into President Biden’s son, Hunter Biden.

The text of the resolution would also grant Mr. Jordan’s panel the power to receive the same highly classified information that intelligence agencies make available to their oversight committee, the House Permanent Select Committee on Intelligence.

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The Bureau of Labor and Statistics (BLS) released the December jobs report today [DATA HERE] showing 223,000 jobs gained in December ’22.

Most of the job growth was in the “leisure and hospitality” sector (+67,000), healthcare (+55,000), construction (+28,000) and social assistance (+20,000).  Additionally, average hourly earnings rose by 0.3%, with a year-over-year measure of wage growth at 4.6%.

At this point in the history of our economic pretending game, we are well aware the employment numbers are heavily manipulated in order to support the government policymaking that is destroying the same workforce they claim to represent.   It’s all a ruse, just look around your community and you will see what I am talking about.

The financial pundits, Wall Street, government policy makers and various individuals and economic gaslighters are concerned that worker wage growth could drive inflation.  This is one of the most aggravating aspects to reviewing the majority of economic punditry. [Example:]

This knuckleheaded narrative engineer from the New York Times/Atlantic even has the audacity to say, “let prices continue to fall to target,” as if there is a single item at any price that is dropping.  His spin is a good example of gaslighting just from the use of the statement “price inflation is falling back towards where we want it.”

Price inflation is not price.  ‘Price inflation’ is the rate of increase.  There’s a BIG DIFFERENCE between “inflation falling back” and prices dropping. Inflation falling back is merely a lessening of the rate of price increase.  The price does not drop, and never will.

This reality is why it is infuriating to see government policymakers and pundits decry wage growth as a bad thing that might cause inflation.

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That slow grinding creak you hear in the background; that’s the U.S. economic engine running without oil and beginning that slowdown phase just before it stutters and stalls completely.  Alas, the pretending continues…

As noted by the Wall Street Journal, an economic gaslighting institution with a central mission to maintain pretenses, “business surveys show U.S. factory activity declined in December, the Institute for Supply Management and S&P Global both said this week. Separately, S&P Global said Thursday that U.S. services-sector businesses reported a decline in output for the third month running in December.” This comes as “U.S. imports dropped more, by 6.4% on the month, as Americans cut back on holiday-related purchases, including items from other countries such as computers and autos.”

Keep in mind, November retail sales—which included consumer spending at stores, online and at restaurants—fell 0.6% from the prior month for their biggest decline of 2022, according to the Commerce Department. Manufacturing output declined in November as well, the Fed reported, while U.S. home sales fell for a record 10th straight month.

Into this mix of economic metrics, driven by a collapse in disposable consumer income and high energy prices, now we begin to see the number one business expense being curtailed.

(Market Watch) […] Amazon.com Inc layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back amid economic uncertainty.

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Abraham Lincoln once said, “No man has a good enough memory to make him a successful liar.” Lincoln somewhat underestimated the Mike Morell types of the world, who have become liars as a profession. {Direct Rumble Link}

Mike Morell was the former acting CIA director in the aftermath of Benghazi when General David Petraeus was removed from the position. Morell is a Clinton crony who not only constructed the infamously fabricated talking points used by Susan Rice to blame the Benghazi attack on a YouTube video, Morell was also the guy moved into position to protect Clinton in the aftermath of the terrorist attack, and then years later in July 2016 the same Mike Morell penned the first Trump-Russia thesis in the New York Times.

After successfully doing his job to protect Clinton in the aftermath of Benghazi, Mike Morell was hired by CBS President David Rhodes.  Obama’s Deputy National Security Advisor Ben Rhodes is David’s brother.  Mike Morell now continues to work for CBS and today he declared a likelihood that a “U.S. or western interest” is likely to be attacked by an al-Qaeda affiliate in 2023.

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The New Year brings a look of forward-looking economic perspectives from major financial institutions.  Unfortunately, if the perspective of Bank of America Chief Economist Michael Gapen is reflective of the larger institutional analysis, the financial pretending is anticipated to continue.

[Side Note: Notice how they will all start talking about ‘deglobalization’ in 2023. There’s a reason for that that I will touch on in the IMF interview to follow]

Appearing on Face the Nation Gapen accurately indicates the U.S. housing market is already in a steep economic recession, housing prices falling rapidly with a considerable amount of distance to go (-30% range), and the overall housing market will likely be in this situation for around two years.  On a macro level the Bank of America indicators line up with the general housing trajectory.  From a lending standpoint, Gapen would have specific insight.

Beyond the housing sector, Mr. Gapen starts to get sketchy.  He anticipates inflation taking 24 to 36 months to lower to the norm 2% range.  That is generally in line with CTH expectations; however, nowhere in the analysis does Gapen even mention energy costs and the overall impact to the economy from energy policy.  You will note this absence will be present in almost all financial punditries.  Mentioning “energy policy’ as a cause of economic pain is a third rail amid his peer group; it is simply not permitted.

Astute readers will note the great financial and economic pretending that surrounds the Build Back Better and Green New Deal climate change agenda will not be discussed by anyone, ever. The massive price impacts, the supply side inflation pressures, are baked into the western global economic outlooks.  It is strictly verboten to talk about climate change policy being stopped, modified, reversed or even, well, gasp, removed.  WATCH:

[TRANSCRIPT] – […] BANK OF AMERICA CHIEF ECONOMIST MICHAEL GAPEN: Happy New Year as well. Thank you for having me on.

MARGARET BRENNAN: You know, a majority of voters polled by The Wall Street Journal say that the economy is going to look and feel worse in 2023. What is your forecast?

GAPEN: So I think that’s probably true. I think we’re in a situation where the risk of recession is high, may not be a deep and prolonged one. But we’re in a situation where the economy has recovered very rapidly from- from COVID, and it’s come with a lot of inflation. And the Federal Reserve is trying to slow down the economy, to bring inflation down. And in the past, more often than not, that’s coincided with some sort of recession in the US economy and the U.S. labor market. It’s not baked in. It’s not for certain. We may be able to avoid it, but I would agree that the outlook by most people who sit in the position that I do think 2023 could be a difficult year for the U.S..

MARGARET BRENNAN: So we may be able to avoid recession?

GAPEN: Yes.

MARGARET BRENNAN: Or it could be mild?

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If 2022 was not the apex year for the era of great pretending, then we remain sitting in a handbasket – destination, full speed ahead.

When asked for the topic of a ‘big picture‘ podcast this 2022-year ending, the obvious answer from me was We Need to Quit Pretending.

For the past two years I can only encapsulate the entire social, political and socioeconomic dynamic that surrounds us by saying we are living in an era of great pretending.  Why?  Because nothing else adequately explains it.

A recession is no longer two negative quarters of economic growth.  Elections are no longer defined by votes cast, but by ballots counted.  Meanwhile, women are claimed to have penises and people will argue -strenuously and with commitment- that men can give birth to babies.

Simultaneously, vaccines are no longer about medicines to avoid viruses, and Americans have some moral obligation to fund the administrative salaries, pensions and expense accounts for a nation of European politicians, in a country that few taxpayers could find on a map.

We must pretend the occupant of the oval office is not a dementia patient, at the same time we must pretend the Dept of Homeland Security and FBI is not telling online speech platforms that identifying the dementia patient, as a dementia patient, means you are a domestic violent extremist.  The absurdity of the pretenses are off-the-charts.

However, on the upside, we now see even blissfully ignorant people starting to realize something is wrong when their electricity and heating bills quadruple, while the same system of governmental caretakers are telling us to embrace a new earth friendly normal of $12 dollar eggs.  We been knew, but more are now knowing – thank God.

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The ideology of these elitist minded control officers is really remarkable.  The president of the European Central Bank, Christine Lagarde, has given several statements to media saying policy measures must be put into place in order to stop wage growth from fueling inflation.

Think about this in the most practical of terms.  Western politicians have created massive inflation through their collective ‘Build Back Better’ energy policy.  The central banks have raised interest rates, an effort to shrink the economy by lowering energy demand, to offset the skyrocketing costs of the energy problem the politicians created.

With workers demanding pay raises to help afford the skyrocketing costs of energy, the central EU bank is now worried that wage increases will fuel inflation.

There’s a truckload of pretending needed to avoid seeing the insufferable dynamic of reality.

Political policy drives up energy costs. Central banks try to drive down energy demand.  Workers unable to afford the energy prices created by politicians, are then blamed for the inflation the political policy creates.

Sooner or later ordinary people are going to figure out this abusive cycle.

(Via Reuters) – Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde told a Croatian newspaper.

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As we’ve been saying for seven months, keep watching how the globalists respond to Mexico.  AMLO doesn’t want to join the economic suicide pact known as Build Back Better, or the North American version “Green New Deal.”   This puts him in a precarious place.

This sentence from a recent financial analysis article in Reuters is telling, “concerns about a U.S. recession and a trade spat Mexico is embroiled in with the United States and Canada over Lopez Obrador’s energy policy, which critics call nationalist, muddy the outlook for the peso.”  A “nationalist energy policy”?

What exactly is a “nationalist energy policy,” and why would international financial people be having fits about it?

In the past year the Mexican peso has outperformed the U.S. dollar, in part because Mexico is not following the economic roadmap, a World Economic Forum inspired united inflationary malaise as an outcome of unified energy policy.  [Side Note: The Brazilian currency was also outperforming the western bloc and dollar; but that situation has been rectified now, Bolsonaro removed, and the central bank will start contracting the economy.]

The global financial control mechanisms now start to look at the Mexican non-compliance:

(Reuters) – Mexico’s peso, which is ending 2022 with one of its strongest performances in a decade, could have its gains wiped out in 2023 after an expected end to the Bank of Mexico’s rate hikes cycle and a possible recession in top trade partner the United States.

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Oh, now this is just the proverbial cherry on the fishy cake in Arizona.   The results of a mandatory recount in Pinal County, Arizona, are set to be released today, December 29th, showing “significant discrepancies” from the original vote.  Results favoring the republican candidates [Details Here].

Then there’s this very interesting development….

“The results of the statutorily required recount in 3 races were expected to be released on December 22nd however, inexplicably, Secretary of State Katie Hobbs petitioned the courts to have the results go directly to her office and asked to postpone the release until December 29th.”

Apparently, in her role as Secretary of State Katie Hobbs filed a motion with the court to seal the final recount result until after the lawsuit filed in Maricopa County against her was concluded.  That means the Lake team did not have the results of three recounts to use in court as evidence that something sketchy in Arizona had taken place.

It appears Mrs. Hobbs intentionally did not want the recount information coming out until her lawsuit to become governor was completed.

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