On Monday July 19, 2021, the White House occupant declared that inflation was temporary and would be “transitional”.  Current economists now refute that claim, as inflation continues to escalate at an alarming pace.   In July Joe Biden said (transcript):

“Now, I want to be clear: My administration understands that if we were to ever experience unchecked inflation over the long term that would pose real challenges to our economy. So while we’re confident that isn’t what we are seeing today, we’re going to remain vigilant about any response that is needed.”

Joe Biden was asked a follow-up question after his remarks:

Q Yes, thank you, Mr. President. At what point would you consider inflation unchecked to a point at which you would either consider taking action or you would want to see the Fed take action?

To wit Joe Biden responded:

THE PRESIDENT: “Yeah. There’s nobody suggesting there’s unchecked inflation on the way — no serious economist. That’s totally different”. (link)

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Yesterday, data on the wholesale “Producer Prices” was released showing an 8.6 percent increase in prices for final demand products {DATA HERE}.  That is the increase in cost within the system of bringing products to market.

Today, the “Consumer Price” data was released showing a massive 6.2 percent increase in prices {DATA HERE} for goods that are currently available for sale.  The overall rate of inflation is now 6.2% year-over-year.

When you overlay inflation atop wage growth, the Bureau of Labor and Statistics (BLS) report now shows a decrease in “real wages” of 1.6 percent {DATA HERE}, which is the increase in weekly pay minus the additional costs to buy stuff.   The working class is losing ground rapidly.   Things are ugly and they are fixin’ to get uglier.

Before getting to the part where we can explain exactly how much more we can predict to pay for current products in 90 days (yes, that approximation is possible), first lets look at the actual data on the current inflation rate for products we are buying today.  [Table 2] is the easiest reference for category specific review.

Overall, the prices for groceries (food at home) went up 1.1% in October and 5.4% for the year.   However, several products in the supermarket have jumped massively. Beef jumped 1.9% for the month and is 20.1% higher overall.  Bacon went up 2.1% for the month and is now 20.2% higher for the year.  All processed foods increased at a rate about four times higher than fresh unprocessed foods.

Fuel oil went up 12.3% in October and is now 59.1% higher for the year.  Unleaded regular gasoline went up 3.9% in October and is now 51.3% higher for the year. Piped natural gas went up 6.3% for the month and is now 28.1% higher for the year.  Used vehicles are now 26% higher than last year, and new cars went up roughly 10%.  You can scroll down Table-2 to see each category (second and third columns show year and monthly increases).  It’s unnerving to see the scale of inflation while knowing it will get worse.

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Against catastrophic outcomes, we have been pointing out how the people within the Biden administration are not incompetent; they know exactly what they are doing, and they are destroying the U.S. economic system on purpose.  All of their economic damage is by design, it’s a feature – not a flaw.

An example today is so demonstrative of that point, it’s almost a parody. Joe Biden’s nominee for the Office of the Comptroller of the Currency (OCC), a branch of the Treasury Department that polices some 1,125 banks, is a communist ideologue named Saule Omarova. She is directly from communist central casting and literally from Kazakhstan in the former Soviet Union. Ms. Omarova graduated from Moscow State University in 1991, and Joe Biden nominated her for the OCC job in September.

Today, Ms. Omarova is caught on tape saying it is the intent of the Biden administration to use the treasury department to bankrupt oil, coal and natural gas companies. This is what happens often with avowed ideologues; they are so focused on their mission to destroy the U.S., they often just say the stuff out loud. WATCH:

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The FIRST STEP in defending against this onslaught is to stop excusing it by saying they don’t know what they are doing, or any version of the incompetency argument. They know exactly what they are doing.

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Comrades, Emerald Robinson is a journalist who works for Newsmax as a White House corespondent.  However, Emerald Robinson is also a free thinker who challenges communal orthodoxy and rebels against groupthink.  In short, Mrs. Robinson is a subversive voice who refused to correct her thoughts and become a stenographer for the regime.

As a result of her failure to comply with the correct thinking necessary for good citizenship, her employer, Newsmax, has suspended her tenure.  Apparently Mrs. Robinson did some research into the COVID-19 vaccination ingredients and posted her results in a substack article {SEE HERE}.

The Ministry of COVID Compliance was not happy with Mrs. Robinson and requested she attend further re-education {SEE HERE}.

The compliance division of Thought, Wellness, Information, Transitional Training and Enhanced Re-education (aka ‘TWITTER’), attempted to control the public broadcast of wrongthink and suspended her account.  Unfortunately, dissident Robinson remained non-compliant and initial re-education efforts failed to produce the intended results {SEE HERE}.

The monitors within the Thought, Wellness, Information, Transitional Training and Enhanced Re-education platform were forced to make the subversive suspension permanent, thereby ensuring the wrongful expressions did not create collateral damage or extend the transmission of unapproved vaccine information {SEE HERE}.

Emerald Robinson Continues on Substack Here

This might be somewhat preaching to the choir, but it’s the only way I know to help Treepers prepare their families according to very visible economic signals happening just over the horizon. Back in August, when we discussed the massive inflation that was climbing straight up, I warned everyone to look behind the finished good prices, into the prices of origination and intermediate goods. {Go Deep}

The “producer price index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate and Final. The final product inflation rate in July (reported in August) was alarming at 7.8%. However, we warned of much higher flowing into the supply chain.

Today, The Bureau of Labor and Statistics (BLS) released stunning price data for October [DATA Here], showing a dramatic 8.6% price increase in Final Demand products at the wholesale level.  As expected prices are still going up, and there’s no end in sight, because the raw material inflation is still higher than current.

[BLS] “The Producer Price Index for final demand increased 0.6 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.5 percent in September and 0.7 percent in August. (See table A.) On an unadjusted basis, the final demand index rose 8.6 percent for the 12 months ended in October.”  (more)

I modified Table A (final demand product pricing) taking out some of the noise to make it a little easier to see the big picture of what is happening.

When you see the wholesale level of prices almost double the increase in consumer level inflation rate, you can predict that consumer prices will likely go even higher.  Future finished goods at a retail level will carry the current wholesale price increase.

Stuff costs a lot now… and because the inbound stuff to make the finished goods is still climbing in price…. stuff is about to cost even more.   You can see this in the inflation rate of intermediate goods which I have highlighted below.

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Last week Florida Governor Ron DeSantis noted the feds were likely to move the goalposts, and “fully vaccinated” will shift because never-ending booster shots will become part of the mandate.  The media went bananas claiming DeSantis was spreading a conspiracy theory.

Well, today the National Basketball Association (NBA) has told all previously vaccinated players they are no longer considered vaccinated unless they get a booster shot.

The NBA is now requiring the players to get the booster jab or they cannot play.  The players can pick a booster, any booster, mix-n-match, whatever… but booster they must.

NBC – […] According to reported news the league is calling for those who were given the Johnson & Johnson vaccine to seek a Pfizer or Moderna booster, while those who received the Pfizer or Moderna vaccines could choose whatever booster is available. It is understood that the data used by the NBA shows that antibody levels for Pfizer and Moderna recipients decrease after six months while those of Johnson & Johnson saw their antibodies decreasing after just two months.

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Gaige Grosskreutz was one of the attackers of Kyle Rittenhouse in Kenosha Wisconsin last year.  After giving testimony earlier today attempting to paint himself as a victim of Rittenhouse, the witness/attacker admitted today in during cross examination he was shot only after he threatened Rittenhouse by pointing a gun at him inches away from his head.

While the prosecution hoped Grosskreutz’s sketchy testimony would assist their case, the actual testimony supports the defense claim of Rittenhouse acting in self defense after being attacked by a mob.  The crushing admission is below (prompted to 08:10) WATCH:

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The prosecution case just collapsed.  Rittenhouse, now 18, is charged with homicide and attempted homicide for shooting three people during the Kenosha riots as the mob attacked him.  Rittenhouse shot and killed 36-year-old Joseph Rosenbaum, 26-year-old Anthony Huber, and wounded Gaige Grosskreutz.  All of the people shot by Rittenhouse were attacking him at the time.

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The Wall Street Journal is reporting that vaccine makers and U.S. healthcare officials are now attempting to find out why the mRNA vaccines are creating adverse events and heart conditions in healthy people.   Call me crazy, but studying dangerous side-effects would seem to be a more prudent line of inquiry before injecting people, not after.

Wall Street Journal – […] Researchers aren’t certain why the messenger RNA vaccines, one from Pfizer Inc. and partner BioNTech, and the other from Moderna Inc., are likely causing the inflammatory heart conditions myocarditis and pericarditis in a small number of cases.

Some theories center on the type of spike protein that a person makes in response to the mRNA vaccines. The mRNA itself or other components of the vaccines, researchers say, could also be setting off certain inflammatory responses in some people.  One new theory under examination: improper injections of the vaccine directly into a vein, which sends the vaccine to heart muscle.

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TechnoFog has a good outline on the background of Igor Danchenko and the DOJ/FBI team effort to avoid undermining the Steele Dossier. {SEE HERE}  The accurate analysis ends with the following question, also posed by Sergei Millian: “Why was the DOJ/FBI covering for Danchenko“?

To my friends in the truth media, the answer is inside the information previously released {See Here} which we have covered for a long time; and which the righteous media (Mollie Hemmingway, Lee Smith, Kimberley Strassel, etc) are hopefully only a few weeks away from outlining.

The DOJ/FBI coverup, which included being purposefully blind to the 2017 Danchenko revelations, was not done to protect Danchenko. It was done to protect Andrew Weissmann and Robert Mueller.

Yes, the FBI and DOJ knew the primary subsource for Christopher Steele, Igor Danchenko, disavowed the material in the dossier and undermined it in January of 2017 and again in June 15, 2017, as everyone is noting.  Yes, despite that knowledge Mueller/Weissmann applied for a FISA renewal on June 29th.  However, there’s a date a year later, all the way into July of 2018, when the DOJ and FBI claimed that Danchenko was speaking truth in their affirmation to the FISA court.

THAT is in 2018.

Why would the same DOJ/FBI officials who knew the dossier was junk in early 2017 lie to the FISA court in 2018?

ANSWER: Because they were not protecting Danchenko, they were protecting Robert Mueller.

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A comprehensively incompetent U.S. Energy Secretary, Jennifer Granholm, has the audacity to say that Biden’s administration has no responsibility for gas prices likely to reach $4/gal, and Americans this year are almost certain to pay historic amounts for home heating oil and natural gas.

Everything in this soundbite from her interview with CNN is stunningly false, manipulative and misleading.   The U.S. has an abundant amount of energy resources, likely more oil than all other OPEC countries combined in Alaska alone.   The issue is a current administration that refuses to extract oil and natural gas because they are purposefully and intentionally intent on destroying the U.S. economy under the guise of climate change.

Granholm admits that gasoline is likely to go beyond $4/gal in the national average, and home heating costs are almost certain to crush Americans this year.  Infuriating to see such willful stupidity go unchallenged.  WATCH:

So what can a U.S. President and administration specifically do?

We have abundant U.S. energy resources.  Quite literally the strongest in the entire world.

• Permit the use of preexisting approved leases in ANWAR (Alaska) to put more volume into the Alaskan oil pipeline that is severely underutilized.
• Finish the Dakota access pipeline.
• Reapprove the preexisting energy leases in New Mexico, Arizona, NE Atlantic and Gulf of Mexico.
• Retract the stoppage of the Keystone pipeline to permit efficient oil transport shipments from Canada.
• Stop blocking the expansion of coastal oil refineries in Texas, Louisiana and Alabama (regulatory issue), as well as Northwest, Northeast and Southeast Seaboard.
• Continue to develop natural gas as a clean burning fuel.
• Drive Liquefied Natural Gas (LNG) as an export.

None of this requires any approval from OPEC.  Strategically, the all of the above approach enhances U.S. national security and diminishes the influence of Russia, China and Iran.  Within six months of the above, gasoline will plummet.

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