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USDA Raises Food Price Forecast to Highest Level in 42 Years, Third Wave of U.S. Food Inflation Will Dwarf Prior Price Increases

Have you ever seen egg prices at $1 per egg range, or $12/doz?  Hold on a few months and perhaps you will.  That is the context for the scale of food price increases the USDA is now starting to predict.  The highest predicted change in food costs in well over 40 years, that’s the USDA warning in their revised May “Food Price Outlook”. [DATA HERE]

This month the USDA just re-re-revised the forward price outlook, and things are grim.  It likely doesn’t come as a surprise to many CTH readers because we have been discussing the convergence of events since October of 2021, when we first were able to predict Wave-1 (Dec/Jan), and Wave-2 (March/Apr) inflation.  However, the underlying data for Wave-3 is double the prior two phases.

Keep in mind the data is national & skewed toward low estimations as represented by (+).

When the USDA predicts egg prices increasing by 19.5 to 20.5% (from where those prices are now), there will be regions with much higher retail increases than estimated.

Just two months ago, USDA had egg inflation at 2.5%-3.5% range, year over year.  Again, that’s the scale of change; from a 3.5% forward outlook to a 20.5% forward outlook effective right now.

Food at home (grocery store) prices: up 7% to 8% in this monthly review, versus the April outlook of a rise of 5% to 6%. That means the USDA is predicting the highest grocery store price rise since 1980 when prices rose 8.1% (prices rose 7.2% in 1981).  There is no reason to think the USDA forecast will not rise again in June.

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Jury Deliberating in Michael Sussmann Trial, Judge Cooper Proactively Announces Will Not Read the Verdict Until Tuesday

Closing arguments have wrapped up in the trial of former Clinton campaign lawyer Michael Sussmann. The jury is now deliberating.  In an unusual twist, trial Judge Christopher Cooper said if a verdict arrives today, he will withhold reading the outcome until Tuesday due to prior commitments.

Despite the evidence that Michael Sussmann lied to FBI officials about the reason for him bringing the Clinton campaign manufactured false information about a Trump-Russia connection via Alfa-Bank in Trump Tower, it is highly unlikely Sussmann will be found guilty.  The reason is simply that regardless of whether he told FBI officials the material came from Hillary Clinton’s campaign; the FBI knew Sussmann was an operative of Hillary Clinton’s campaign.  It’s an issue of materiality.

Top leadership at the FBI concealed Sussmann as the Alfa-Bank source from the FBI investigators who were given the information.  Whether Sussmann lied about bringing the false evidence on behalf of the Clinton campaign was immaterial to how the evidence was handled.  Again, as CTH has said for the past two years, the background of Durham investigating the ‘outsiders’ is filled with pretending.  Even Andrew McCarthy, a defender of the institutions, outlined the FBI playing pretend as a “bad look.”

The New York Post has a solid article outlining all the pretending – “What we learned at the trial this week is that, notwithstanding Baker’s insistence that he believed Sussmann’s cover story, FBI headquarters officials fully realized they were acting on highly political information and took steps to conceal that fact.

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Authorities Investigating Retired Federal Agent Having Contact with Buffalo Shooter Before Attack

In a disturbing twist to the Buffalo supermarket shooting that left ten people dead and three more wounded, a report is now surfacing that at least one retired federal agent was in contact with the shooter during his planning and was sent a message of intent 30 minutes before the attack began.

New York – Law enforcement officers are investigating whether a retired federal agent had about 30 minutes advance notice of a white supremacist’s plans to murder Black people at a Buffalo supermarket, two law enforcement officials told The Buffalo News.

Authorities believe the former agent – believed to be from Texas – was one of at least six individuals who regularly communicated with accused gunman Payton Gendron in an online chat room where racist hatred was discussed, the two officials said.

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DOJ Re-Review of FBI Conduct in Olympic Gymnast Rapes by Larry Nassar Ends, Yet Again, With DOJ Declining to Prosecute

The FBI conduct in the events of the Olympic gymnasts being repeatedly raped by Larry Nassar is one of the most blood-boiling examples of FBI corruption and criminal conduct in modern times.  No one has ever been held accountable.

Even after another DOJ re-review of the admitted lies told by the FBI agents in the case, the result today is nothing… Whoopsie, mistakes were made.  Move along folks, move along.  Nothing to see here…. Just, move along.   Infuriating.

WASHINGTON – Two former FBI agents accused of mishandling sex-abuse allegations against former USA Gymnastics doctor Larry Nassar will not be charged with a crime, the Justice Department announced Thursday.

In a statement, officials said that after a “careful re-review of evidence,” the department “is adhering to its prior decision not to bring federal criminal charges,” adding: “This does not in any way reflect a view that the investigation of Nassar was handled as it should have been, nor in any way reflects approval or disregard of the conduct of the former agents.”

John Manly, a lawyer for many of Nassar’s alleged victims, called the decision “incomprehensible” and said the FBI agents “violated their oaths of office and colluded in the cover up of the worst sexual assault scandal in the history of sports.” (more)

In July 2021 the DOJ OIG produced an absolutely damning Inspector General investigation of FBI conduct in the rape and sexual assault of U.S. Gymnasts, revealing how FBI agents facilitated Nassar’s sex crimes by taking no action despite numerous witness statements to them.

Worse yet, the FBI never reported the sexual assaults to local law enforcement… and to top it off, the rank and vile FBI agents lied during the investigation of their conduct, and the DOJ under AG Bill Barr, and now under AG Merrick Garland, refused to prosecute the FBI liars. (more…)

GDP Figures Revised Downward, U.S. Economy Shrinks 1.5 Percent in First Quarter, Things are Getting Much Worse

The Bureau of Economic Analysis (BEA) originally calculated the first quarter economy at a scale of -1.4% growth. The BEA revises that figure downward today with more data showing a contracted level of consumer spending [DATA HERE].  The economy contracted by -1.5% in the revised numbers.

Gross Domestic Product (GDP) is the dollar value of all goods and services produced in the economy, minus the dollar value of goods and services we import. The percentages discussed are percentages of change over time.

♦ What changed in this revision to make the economy worse?

(1) U.S. inflation was revised upward (prices increased); (2) the estimate of calculated inventories was lowered; (3) the estimate of consumer spending was raised (inflation issue); which leads to (4) a massive drop in the calculation of disposable incomes.  [See the Change Table]

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Tucker Carlson Asks Questions About the Unstable Minority and Mental Illness Against the Background of a Texas School Shooting

Tucker Carlson used his monologue today in response to the politicization of the Texas school shooting in Ulvade.

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CBS News Calls Out O’Rourke Campaign Stunt to Exploit Victims of Uvalde School Shooting, “Clearly Staged by Candidate and Campaign” as a Planned Political Stunt

CBS journalist Janet Shamilan was at the Texas press conference where the political campaign of Beto O’Rourke, pulled a stunt to exploit the tragedy of the Uvalde school shooting.  Ms. Shamilan describes how the campaign had placed seat holders at the press conference as part of the coordinated and “clearly staged” political stunt.

WATCH (03:32, prompted):

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The fact that campaign staffers were holding seats to set the stage for the stunt reflects how far in advance the campaign of O’Rourke planned to exploit the tragedy.

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Democrat Candidate Beto O’Rourke Pulls Political Stunt During Texas Governor Greg Abbott Press Conference

Civility has long been removed from the current Fascist Democrats running their political operations.  During a somber Texas press briefing today, Governor Greg Abbott was informing the public on the latest information about the Uvalde school shooting.

Former failed senate candidate, and current democrat political candidate to challenge Abbott, Beto O’Rourke, having previously planned and informed the media of his intent, pulled a political stunt by interrupting the press briefing in order to make political statement advocating for a ban on firearms. {Direct Rumble LinkVIDEO:

Republican Lt. Gov. Dan Patrick said to O’Rourke: “You’re out of line and an embarrassment.”  Patrick Francis O’Rourke, as he was being escorted out, turned around, faced the stage, pointed his finger and said: “This is on you until you choose to do something different. This will continue to happen. Somebody needs to stand up for the children of this state or they will continue to be killed just like they were killed in Uvalde yesterday.”

The ultra-far-left moonbat democrats have no comprehension of sensitivity, timing or civility.  Democrat candidates like Beto represent an emotionally unstable, immature, illogical, opportunistic and violent mob of radical communists.

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GOPe and Media Narrative Engineers Set Stage for Tuesday Georgia Election as Referendum on Donald Trump Influence

You did not need to be a deep-thinking political follower to have seen the DeceptiCon seeds being dropped throughout Georgia in the past several weeks.  The basic narrative as engineered is that a Brian Kemp victory in the republican primary tomorrow proves the waning influence of MAGA Trump in the republican party.

Factually, albeit many subversively, from Ronna McDaniel to Mike Pence, to Mitch McConnell and every establishment republican who wants to see MAGA crushed in 2020 the same way they crushed the Tea Party in 2012, has been leaning heavily into the Georgia race to support incumbent governor Brian Kemp.  In the background of Georgia politics, the democrat operatives have been doing the same.  There is an alignment of interest.

The 2022 play book is similar to post 2010 era, when President Obama and Eric Holder triggered the IRS targeting of Tea Party conservative groups, and the republican old guard, including Mitch McConnell supported the effort.  One might say the modern UniParty in DC became most visible in the years between 2011 and 2014.  That UniParty alignment later became much more visible when the Tea Party 2.0 became MAGA in 2016 and drove the victory of Donald Trump.  The GOPe worked with Democrats to remove Trump as a result.

Now we see the UniParty, the bipartisan -reach across the aisle- professional political class, align again to use the Georgia primary in 2022 as the anti-MAGA launch point.  Their moves are as predictable as sunrise, and the advanced messaging from media transmits like a triggered flare from a tripwire.

CNN points out that a Brian Kemp victory means the era of Donald Trump is dead [SEE HERE].  The New York Times triggers a simultaneous flare from the flanking position.

New York Times – […] Thanks to Mr. Trump’s machinations, Georgia’s elections are once again freighted with outsized import, its primaries having become something of a referendum on the health of the Republican Party — and of American democracy.

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Australian eSafety Commissioner Tells World Economic Forum Audience It is Time to Recalibrate Free Speech

Australia has an eSafety Commissioner named Julie Inman-Grant.  While delivering remarks to the World Economic Forum summit in Davos, Switzerland, she outlined a new on-line era where free speech would need to be “recalibrated,” and the ability to be free from something called “on-line violence.”  WATCH:

https://youtu.be/ydW6wDMQHX8

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For the past several years we have noted a progressive, totalitarian, shift in speech, specifically a redefinition of the word “violence.”  Speech the leftists do not like, they call violence; and violence the leftists support, they call speech.   As a result, the overlay of a newly recalibrated on-line world for speech and violence would be modified accordingly.

Speech the Big Tech consortium would define as against their views would be considered on-line violence and thus controlled by the governmental guardians of the internet like the eSafety Commissioner.  As you can see in the video below, “violence” now includes their perception of something happening on a metaphysical level. An emotional impact.  They have a spiritual avatar that they feel the drive to defend from the viewpoints of the Others.

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