All things considered, a remarkably honest article from CNBC outlines the likelihood for a wave of retail bankruptcies.   In part the issue is driven by COVID bailout and stimulus funds that inflated the balance sheets and hid the natural contraction that was taking place in the last half of 2021 through today.  However, bar far the biggest issue is a contraction in current consumer spending due to severe cost increases in housing, food, fuel and energy.

As we have discussed at length, consumer spending patterns shifted radically in the last year.

Despite the 2021 third and fourth quarter giving the artificial impression of strong demand, inventories were climbing and productivity in the manufacturing and services dropped dramatically.   In combination these two data points both indicated a contraction in demand.

The first quarter of 2022 showed a -1.5% overall GDP.  The second quarter ends next week, and the government data will be released in the last week of July.  I predict that Q2 data will be heavily manipulated in two ways: (1) manipulation of import data via the Ports of Long Beach and Los Angeles; and (2) the intentional use of a lower inflation rate than currently exists in all goods.   My best guess on the fake BEA numbers is a +0.2 to +0.5% positive GDP, thereby barely avoiding the technical definition of a recession.

That said, the CNBC article outlines a very bad scenario for retailers, as the consumer spending contraction hits their profit and loss statements.

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Yesterday we noted one of the likely downstream consequences from the Supreme Court decision on Roe might be that increased federalism and state control over abortion laws would lead to national ‘red lining.’  Essentially, leftists would avoid red state abortion restrictions and self-isolate in deepening blue regions where abortion is more common and accessible.

Within hours of that prediction, Google Inc sent an internal memo to employees offering to pay relocation assistance for any worker who would want to leave an area where abortion is likely to be restricted.

VIA NBC –  Google sent a companywide email Friday about the historic Supreme Court ruling overturning Roe v. Wade, explaining employees in affected states can apply for relocation without explaining why.

“This is a profound change for the country that deeply effects so many of us, especially women,” wrote Google Chief People officer Fiona Cicconi in an email to workers, viewed by CNBC. “Googlers can also apply for relocation without justification, and those overseeing this process will be aware of the situation.”

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This brief soundbite from last week is somewhat of a precursor to the points raised by Neil Oliver this week.  The financial interests of the Big Rx corporations are directly tied to government.  This is the origin of the biggest issue behind government mandating the forced vaccination program for SARS-CoV-2 and any COVID-19 variant.

The adverse medical consequences from the COVID-19 vaccination program are only just now starting to surface while the government and Rx corporations continue to hide data showing adverse impacts.  At the same time as this massive conflict of interest and general health controversy is being debated, Pfizer CEO Albert Poula says he is “almost certain” that mandatory vaccine boosters will be part of the requirement by government each year.  WATCH (1 minute):

There is something very disturbing about these people.

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Quite a remarkably telling situation when the foreign leaders of France and Canada begin to think they have some political responsibility to deliver their opinions on decisions within the United States government.

Yes, their pronouncements are fraught with stupidity considering their own national laws on abortion were/are much more stringent than the United States, but that belies the point of their insufferable arrogance.  The globalist outlook is structured around their own sense of importance.

The protestations from Macron are particularly ridiculous since France has a legal limit of 14 weeks for abortion [LINK].

Canadian Prime Minister Justin Trudeau, the same man who forced all women in Canada to undergo a vaccine requirement or remove themselves from society, took the hypocrisy of his own “women’s health” policy one step further than Macron.

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The same representative who advocated for violence against President Trump cabinet members, appeared in front of the Supreme Court today to advocate for defiance against the constitutional limitations on government power.

Maxine Waters (California CD-43) represents the outlook of the radical leftists in her emotional reaction to the Supreme Court ruling that lets states decide what laws should be in place to limit the killing of unborn babies.   Ms Waters specifically cited and called for the defiance of “black women” in opposition to the ruling.  Her proclamations make evil and twisted sense from the perspective of the abortion industry, as unborn black babies are disproportionately killed by abortion providers.  WATCH:

The Centers for Disease Control and Prevention (CDC) documented in its Abortion Surveillance report for 2015 – released on Nov. 23, 2018 – that while black Americans comprise 13.4% of the U.S. population, they accounted for 36.0% of the abortions in 2015.  Black women have three times the rate of abortion as white women, and that higher abortion rate is consistent even after you filter the control data to remove income from the issue {link}.

The number one customer for abortion services are young pregnant black women.  This was also the target audience identified by Margaret Sanger the founder of Planned Parenthood and an avowed racist.  The racial roots of Planned Parenthood go back to the founding.

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With the advanced leak of the Supreme Court abortion ruling, the White House had two months to prepare for the political use of the issue.  Today, the installed occupant of the oval office, was immediately thrust to the microphones to read the prepared remarks. [Transcript Here]

Within seconds of his script an angry and cognitively unstable Biden declared, “with Roe gone, let’s be very clear: The health and life of women in this nation are now at risk.”  The pre-scripted hyperbole continued, “the Court’s decision to do so will have real and immediate consequences.  State laws banning abortion are automatically taking effect today, jeopardizing the health of millions of women, some without exceptions. So extreme that women could be punished for protecting their health,” he exclaims.  WATCH:

[…] “This fall, we must elect more senators and representatives who will codify a woman’s right to choose into federal law once again, elect more state leaders to protect this right at the local level.  We need to restore the protections of Roe as law of the land.  We need to elect officials who will do that. This fall, Roe is on the ballot.  Personal freedoms are on the ballot.  The right to privacy, liberty, equality, they’re all on the ballot. ” (read more)

In addition to the Supreme Court affirming federalism and the rights of individual states to make their own decisions on abortion, there is another downstream benefit to the Roe decision.  Leftists are less likely to migrate to Red states.

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The 213-page Supreme Court ruling in Dobbs -v- Jackson (Mississippi case) is FOUND HERE.  The ruling in the Dobbs case was 6-3 in favor of allowing Mississippi to place limits on abortion after 15 weeks.   However, in combination with the Dobbs decision the court has overturned (by a 5-4 vote) the 1972 Roe -vs- Wade decision that created a constitutional right to abortion.

Chief Justice John Roberts joined with the majority on the Dobbs decision (Mississippi) but said he did not agree with the decision to overturn Roe. The vote to overturn Roe was 5-4. Justices Clarence Thomas, Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett joined Justice Samuel Alito’s opinion.

Due to an unprecedented leak in the Alito draft opinion in May, the Roe decision was anticipated.  The leaked draft opinion showed that a majority of the justices were privately poised to remove a constitutional right for abortion; today that step was taken.

SCOTUS BLOG – […] Alito began his 79-page opinion by observing that abortion “presents a profound moral issue on which Americans hold sharply conflicting views.” But the Constitution does not refer to abortion at all, Alito stressed, and nothing in the Constitution implicitly protects the right to an abortion.

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Andrew Gillum was the 2018 Democrat candidate for Florida Governor who came within a few thousand votes of winning the race.  He was hired as a CNN contributor.  a few months later he was found by police, naked, high on drugs and incapacitated in a hotel room with male prostitutes in Miami.

Today, Andrew Gillum was indicted on 21 charges of corruption, bribery, conspiracy, wire-fraud and soliciting campaign contributions for personal use.

TALLAHASSEE, Fla. (AP) — Andrew Gillum, the 2018 Democratic nominee for Florida governor, has been indicted on 21 federal charges including conspiracy and wire fraud for funneling donations through third parties back to himself for personal use, prosecutors said Wednesday.

The U.S. Attorney for the Northern District of Florida said Gillum, 42, is also charged with making false statements to the Federal Bureau of Investigation for claiming he didn’t receive or ask for anything from two undercover agents posing as developers. The undercover agents offered gifts and money in exchange for support for projects.

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The conflict of interest is simply off-the-proverbial charts here.   Tom Donilon is a deep DC swamp operator and has been for his entire career.  Donilon is connected to every tentacle of the Obama and Biden administrations.  Donilon is also the Chairman of the BlackRock Investment Institute.

We have written about the conflicts {Go Deep Here} and {Go Deep Here}, but this move by Secretary of State Anthony Blinken is stunningly fraught with serious conflicts of interest.

Tom Donilon’s literal job description at Blackrock is to “leverage the firm’s expertise and generate proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation,” and the State Dept has just appointed him as Co-Chair of the U.S. foreign policy advisory board.

Specifically, the Biden administration has just put Blackrock Investment Institute Chairman Tom Donilon in charge of U.S-China policy.

How in the proverbial hell can this be permitted?  That’s way beyond a rhetorical question.   The Dept of State has selected a team of Wall Street control agents to guide global U.S. policy.

(STATE DEPT) – Today, Secretary Blinken announced his selections for the U.S. Department of State’s Foreign Affairs Policy Board.

Since its establishment in 2011, the Board has provided independent advice on the conduct of U.S. foreign policy and diplomacy, consistent with each Secretary of State and administration’s evolving priorities for it.

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The current White House Press Secretary, Karine Jeanne-Pierre, is hopelessly over her head and does not possess the intellectual or professional skills to articulate clear policy or answer questions.  Her professional inability is brutally obvious, yet political correctness dictates everyone is supposed to pretend not to notice.  In a weird way she is a perfect representation of the Biden White House.  Jeanne-Pierre is the Kamala Harris of Hank ‘tippy guam’ Johnsons.

That said, the White House is using former Pentagon spokesperson, and current National Security Council Coordinator for Strategic Communications, John Kirby, as a crutch to support Jeanne-Pierre until enough time passes and the permanent switch can take place without backlash from the media and left-wing cultural police.   Narrative engineering is a tenuous business and relies upon media pretense to continue.

With the shortage of infant formula still visible as an example of Biden incompetence, today the White House began selling a proactive strategic communication message in advance of looming food shortages.  {Direct Rumble Link} Yes, you guess it, the advanced position of the Biden administration is that the future U.S. food shortages are Vladimir Putin’s fault.

Apparently, Russian President Vladimir Putin has the ability to drive up U.S. inflation, explode U.S. energy costs, increase gasoline prices, influence global agriculture, weaken U.S. oil refining capability, disrupt availability of diesel fuel, impede the transportation of U.S. goods, force municipal energy companies to raise prices, cancel airline flights, stop the manufacturing of infant formula and now block the production -and increase the cost- of food in North America.

It’s worth noting how John Kirby says NATO and the western allies can deliver thousands of tons of heavy weapons and arms into Ukraine from western Europe without issue; however, the western allies cannot get thousands of tons of grain and foodstuffs out of Ukraine.   I digress.  The propaganda around World War Reddit is remarkable.

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