The U.S. Federal Reserve has published the second quarter 2022 balance sheet of U.S. total household wealth [DATA HERE].

In the second quarter (April, May, June) 2022, the total U.S. household wealth dropped $6.1 trillion, despite a calculated increase in home value of $1.5 trillion.  The majority of the loss is connected to a drop in Corporate Equity (stock market) and household investment in the stock market.

FED “The net worth of households and nonprofit organizations declined $6.1 trillion to $143.8 trillion in the second quarter. The value of stocks on the household balance sheet declined by $7.7 trillion, while the value of real estate increased by $1.5 trillion.”  Keep in mind this is backward looking data, and after a period of decelerating rates of growth, the overall real estate market is now in a period of decline as calculated for the most recent month of July [DATA].

The equity position of homeowners is now considerably less than the equity position when the feds calculated the second quarter household wealth (two months ago).  Part of the issue goes back to what we have been discussing with inflation and specifically energy driven increases in fuel and electricity.

Inflation sucks money out of the economy, making people less wealthy.  Energy inflation sucks money exponentially faster out of each household, potentially making the already working-class poor, much poorer.

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Energy inflation continues to pummel all western nations as they chase the climate change agenda. Today, the European Central Bank has raised interest rates to support the goal of lowered economic activity.   Lowering economic activity lowers energy use.

Absent of any desire to raise energy supply and/or energy production, monetary policy can support the goal of lowering energy use by driving down all economic activity.

In the big transition picture, the economies within the western alliance must be reduced until they match the energy output of windmills and solar farms.

FRANKFURT—The European Central Bank raised interest rates by the largest amount since the early days of Europe’s currency union, moving aggressively to combat record inflation even as an energy crisis puts Europe on the brink of recession.

The bank said in a statement that it would increase its key rate to 0.75% from zero—its second hike this year following a 50-basis-point rise in July—and signaled that further rises were likely over the coming months.

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Good grief, the sanctimonious puss spewing by the DC media chattering class exhibiting their alignment with big government is insufferable. The inability of any media outlet to present the reality of the DC interests with levelheaded discussion is frustrating.

The issue of compartmented (siloed) information, specifically as a tool and technique of the aloof DC system to retain control and influence, is a matter we have discussed on these pages for several years. Quite literally anything can be classified as a ‘national security interest’ in the deep state effort to retain the illusion of power over the proles, ie us. It is the exact reason why congress exempts themselves from laws and regulations written for everyone else.

That said, in this interview from this morning, Senator Marco Rubio does a good job framing the context of the recent Administrative State leaks to media (DOJ-NSD, FBI) to advance a particular narrative. Yes, it’s an election year, and Rubio returns to his roots pushing back against some of the nonsense. As noted by the Vice-Chair of the Senate Select Committee on Intelligence (SSCI), if the Mar-a-Lago document issues were so vital why was the Gang of Eight never briefed? WATCH:

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The Washington Post goes back to the prior narrative surrounding the Mar-a-Lago documents saying, “a document describing a foreign government’s military defenses, including its nuclear capabilities was found by FBI agents who searched former president Donald Trump’s Mar-a-Lago residence and private club last month.”…. with Devlin Barrett adding the usual, “according to people familiar with the matter” sourcing.

Keeping in mind the traditional relationship that exists between specific media outlets and their deep state sources, the most obvious source for Devlin Barrett is the DOJ National Security Division (DOJ-NSD), FBI Counterintelligence division, or larger intelligence community (IC).  However, what is also obvious from the way the documents are described is a narrative framework to make the innocuous seem looming.

PICTURED: Chairman Kim Jong-Un reads a letter from President Donald J Trump

I would be willing to bet the “document” in question is a letter from North Korean Chairman Kim Jong-Un to President Trump about the status of the DPRK military intent and weapons.  You might remember Chairman Kim and President Trump developed a good relationship and exchanged letters related to matters of national security between North Korea and the United States.

The Intelligence Community in combination with the U.S. military industrial complex and Senate Foreign Relations Committee, did not like that level of direct diplomatic contact and discussion between President Trump and Chairman Kim.  Direct communication between the two leaders subverted the IC’s ability to shape the DPRK messaging to support an interventionist and hostile U.S. geopolitical outlook.

The professional bureaucrats in charge of guiding and shaping all United States foreign engagements do not like being cut out of the geopolitical equations.  As the former head of the Senate Foreign Relations Committee Chuck Schumer famously said, “the intelligence community has six ways to Sunday to get back at you” if the President does not adhere and acquiesce to their power and authorities.

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Yes, it’s like something out of a dystopian ‘hunger games’ movie, except it is unfortunately real life.  ITV News in Great Britain is running a wheel-of-fortune type marketing campaign where desperate viewers can call in for an opportunity to spin the wheel and win having their energy bills paid.

Comrades, it is not a spoof, this actually took place today and it looks like it will continue due to popular demand.  UK citizens are facing astronomical increases in energy bills as a result of the EU green climate change agenda in combination with Russia halting the export of natural gas.  The price of natural gas increased 30% today alone as Russia cuts off supplies completely.  Europe is on the brink of the worst economic recession in history.

ITV steps in with a promotional effort that shows just how bizarre this Build Back Better future has become.  Perhaps next week viewers might be able to call in for a chance at winning extra food rations, chocolates or even gasoline.  Here’s a video to show what is happening.  WATCH:

https://youtu.be/rC7O8LISY48

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Good luck comrade citizens, you too could be a winner on the wheel of survival.  It’s all in good fun comrade. Smiles everyone, smiles.

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Joe Biden was in Milwaukee, Wisconsin today, to shout at forcibly assembled union workers and celebrate Labor Day.  In the middle of his prepared remarks to the crowd at Laborfest, where labor unions and their members gather annually, Biden exploded in an angry rant proclaiming he had defeated Big Pharma this year.

Even if you overlook the unstable nature of the delivery, it is somewhat of an odd outburst given the fact that his administration gave tens of billions to Big Pharma in the past 20 months, forced American workers to accept Big Pharma vaccines, and facilitated the biggest windfall profit for Big Pharma in history.   If that’s what Joe Biden considers “beating big pharma,” well, I certainly can’t fathom what winning would look like.  WATCH:

https://youtu.be/hNY7TzD34lU

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The Demoncrats have nothing positive to campaign about for the 2022 midterm election cycle, despite what they consider legislative agenda victories.  The biggest legislative ‘win’ per se’, was the passage of a smaller package Green New Deal climate change agenda, which is not popular overall because it is further driving up the cost of energy prices.

All of the polling and generic focus group support shows the policy side of the Democrat agenda is a net negative for the party.   Their energy and economic policies, in combination with the spending, has driven inflation through the roof.   Main Street voters of all persuasions are feeling the impact of Biden/democrat agenda items.  With no positive outcomes, the only thing left is to frame the opposition and give voters something to vote against.  That’s the motive behind the political attacks on MAGA.

CBS Major Garrett broadcasts a focus group interview with three MAGA supporters as part of the larger media alignment with Democrat midterm strategy.  It would be interesting to see the full unedited segment, because Mary, bottom right of screen has some great points that you can tell were cut out of the discussion.  WATCH:

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Saul Alinsky wrote their rulebook, and they still use it.  Rule #6 within ‘Rules for Radicals,’ for targeting the opposition: Isolate, Ridicule, Marginalize; define terms and keep repeating.

ABC’s Martha Raddatz and former Atlanta Mayor, current White House Senior Advisor, Keisha Lance Bottoms, present their “discussion” of Joe Biden’s hate-filled, extremist and intolerant Red Sermon from last week.  ABC Presents this week as the “Kickoff to Midterms.”

Within the six-minute interview Raddatz and Bottoms say the word “MAGA” a total of 42 times, that is about once every ten seconds.  Yes, they are predictable, but these people are also very weird.  The Democrats have nothing to run on, so the strategy is to create something to run against.  WATCH:

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Everything you need to know about the background construct of Biden’s speech against “MAGA republicans,” can be found in the silence of the approved republican who is intended to benefit from it.

It is worth noting and emphasizing the specific target of this effort, lest the motive slips by while many are distracted by the outrage.

Joe Biden, together with and in direct coordination with, the two wings of the DC UniParty system, is not focused on ‘republicans’ as political opposition and domestic enemies. Joe Biden and his various conscripts are focused on a very specific type of republican, the “MAGA Republican.”   The same enemy identified by Mitch McConnell and the GOPe donor class.   This is not accidental.

While the institutions target Donald Trump himself, the political apparatus that supports the institutions is targeting Donald Trump supporters.   Please pay close attention to this, and please pay even closer attention to the voices you do not hear.  Silence can be deafening, but only if you are paying attention to it.

Last night’s speech in Philadelphia was a full-frontal assault on MAGA republicans, Donald Trump voters and supporters.  There is no parsing or backtracking that can obfuscate the words used and the specific intention of them.   Joe Biden would not read the script from the teleprompter if his handlers thought there was no benefit to it.  He is saying what he says with purpose, specific intent and motive.

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Comrades, a heatwave hit the Colorado region Tuesday with temperatures exceeding 90 degrees.

Indoor temperatures began climbing, and when formerly free-range residents attempted to adjust their air conditioning, they discovered they were locked out from control in their own home as the power company took over.

(Denver ABC7) – […] when thousands of Xcel customers in Colorado tried adjusting their thermostats Tuesday, they learned they had no control over the temperatures in their own homes.

[…] “I mean, it was 90 out, and it was right during the peak period,” Talarico said. “It was hot.”  That’s when he saw a message on the thermostat stating the temperature was locked due to an “energy emergency.”

[…] Xcel confirmed to Contact Denver7 that 22,000 customers who had signed up for the Colorado AC Rewards program were locked out of their smart thermostats for hours on Tuesday.  (read more)

Comrade Citizens, it is important that we support the needs of the energy collective.  All good thinking citizens put the needs of the state ahead of their selfish desires.

As the national energy emergency now begins to unfold, the officials in charge of energy resource equity remind everyone how critical it is to remain compliant with all ministerial energy objectives.  Compliance is expected from all correct thinking citizens.

As long as you remain compliant, there is no reason for concern.  Do not attempt to adjust your household allocation of energy.  Energy advisors will be made available for enhanced personal education to explain the benefits of our Green New Deal.  Your cooperation is appreciated Comrades.  Please report any non-compliant energy consumers to your local energy enforcement agency.

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