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Western Nation Economic Recession, Maersk Shipping Group Forecasts Weak Shipping Demand as Warehouses Fill with Unsold Durable Goods

A few months ago, amid all of the headline warnings about inflation and prices of essential products, CTH noted that if we were to continue waiting about six months, we would see a massive backlog of unsold goods and as a consequence the prices of non-essential durable goods would begin a rapid decline.  That exact scenario is about to unfold.

Keep in mind, this is not necessarily a collapse of total global economic activity; what we are seeing is a collapse of western nation economic activity that is impacting the rest of the world.  A great economic fracturing is taking place as the western nations intentionally shrink their economy.  The supplier nations are feeling the consequences.

Maersk is the international shipping company that delivers millions of containers of goods all around the world, mostly by ship.  They are warning that warehouses are full of previously delivered goods, unsold consumer durable goods, as retail sales have come to a standstill.

The amount of inventory in warehousing is so extreme, major wholesale and retail groups have run out of storage space (link).

COPENHAGEN, Aug 3 (Reuters) – Shipping group Maersk (MAERSKb.CO) expects global container demand to fall this year as sales of durable goods come to a “standstill”, leaving flat-screen TVs and furniture piling up in warehouses, the company said on Wednesday.

A surge in consumer demand and pandemic-related logjams holding up containers in key ports had boosted freight rates and profits in the shipping industry in recent quarters, yet the cost-of-living crisis has reversed that trend.

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Sad News, Indiana Congresswoman Jackie Walorski and Two Staff Killed in Car Accident

House Representative Jackie Walorski (R- Indiana) was elected to the House as a Tea Party reformer in 2012 [CTH LINK].  She was a staunch advocate for the military and a key voice behind the Veterans Affairs reform that followed the scandals surfacing about the VA in Arizona.   Mrs. Walorski and two members of her staff were killed today in a car accident. Mrs Walorski was 58-years-old.

Via Fox – “On August 3, 2022 at approximately 12:32 PM the Elkhart County Sheriff’s Office responded to a two vehicle crash on SR 19 south of SR 119,” the Elkhart County Sheriff’s Office told Fox News Digital in a statement.  “A northbound passenger car traveled left of center and collided head on with a southbound sports utility vehicle. All three occupants in the southbound vehicle died as a result of their injuries: Jackie Walorski, 58, Elkhart, Indiana Zachery Potts, 27, Mishawaka, Indiana Emma Thomson, 28, Washington, DC The sole occupant of the northbound vehicle, Edith Schmucker, 56, Nappanee, Indiana was pronounced deceased at the scene.”

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August 3rd – 2022 Presidential Politics – Resistance Day 561

In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”

“But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.”

~ Mike Vanderboegh

This thread will refresh daily and appear above the Open Discussion Thread.

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Wednesday August 3rd – Open Thread

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

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FBI Training Materials Designate Gadsden Flag and Historic American Symbols as Evidence of Militia Violent Extremists

Project Veritas has obtained whistleblower materials from official FBI training and instruction, highlighting images that are defined as evidence of Militia Violent Extremists or MVE’s.  Among the material now identified by the FBI as extreme are pictures of the Gadsden flag, Betsy Ross flag, Patriot symbols, Molon Labe and a host of other historic images that are now defined as evidence of Militia Violent Extremism.

[WASHINGTON, D.C. – Aug. 2, 2022] Project Veritas released a newly leaked document today provided by an FBI whistleblower, which shows how the Bureau classifies American citizens it deems to be potential “Militia Violent Extremists” [MVEs].

In the document, the FBI cites symbols, images, phrases, events, and individuals that agents should look out for when identifying alleged domestic terrorists.

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Primary Election Night in Arizona, Missouri, Michigan, Kansas and Washington State, Result Links and Open Discussion

We will keep this pinned to the top of the page as the primary election results from Michigan (9pm ET), Missouri (8pm ET), Kansas (8pm ET), Arizona (10pm ET) and Washington State (11pm ET) come in.

There are a lot of key races to keep in mind [SEE HERE]. Of particular interest in Arizona is the GOP contest for Governor and Senate (AZ polls close 10:00pm ET); in Kansas the abortion ballot initiative; in Missouri the hotly contested republican Senate race, and in Michigan and Washington State (WA polls close 11:00pm ET) the primary challenges to the three decepticons, Jaime Herrera Beutler (WA), Dan Newhouse (WA) and Peter Meijer (Mich).

New York Times Election Results Here

CNN Election Results Here

Politico Election Results Here

Decision Desk HQ Election Results Here

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Joe Biden Announces White House Monkeypox Response Team to Deliver “Health Equity to all Monkeypox Stakeholders”

I was unaware that monkeypox was an issue for the White House. However, today the Biden administration is proud to present a team of government officials tasked for the purpose of handling the whole of government response to the U.S. outbreak of monkeypox.

Additionally, I’m not exactly sure what a “stakeholder in monkeypox” is, but this team is in charge of making sure they have “health equity.”

WHITE HOUSE – “Today, President Biden named FEMA’s Robert Fenton as the White House National Monkeypox Response Coordinator and Dr. Demetre Daskalakis as the White House National Monkeypox Response Deputy Coordinator. Fenton and Daskalakis will lead the Administration’s strategy and operations to combat the current monkeypox outbreak, including equitably increasing the availability of tests, vaccinations and treatments.

[…]  “Bob Fenton and Dr. Daskalakis are proven, effective leaders that will lead a whole of government effort to implement President Biden’s comprehensive monkeypox response strategy with the urgency that this outbreak warrants,” said Anthony Fauci, Chief Medical Advisor to the President. “From Bob’s work at FEMA leading COVID-19 mass vaccination efforts and getting vaccines to underserved communities to Demetre’s extensive experience and leadership on health equity and STD and HIV prevention, this team will allow the Biden Administration to further accelerate and strengthen its monkeypox response.”

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Optimistic Gubernatorial Candidate Kari Lake Discusses Election Day in Arizona

Republican gubernatorial candidate Kari Lake discusses primary election day today in Arizona.  {Direct Rumble Link} Most polls show Trump endorsed Kari Lake with a significant lead over the establishment candidate Karrin Taylor Robson; however, the GOPe apparatus (including Brett Baier) has been promoting push-polls that show a much closer race.

Ms. Lake appears on Steve Bannon’s war room podcast to discuss.  WATCH:

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Nancy Pelosi Lands in Taiwan After Kirby Reaffirms “we do not support Taiwan independence”

There was a lot of back-and-forth hostility between the government of China and the administration of Joe Biden in advance of Nancy Pelosi’s trip to Taiwan.  Some Chinese state media even suggested a possibility that Pelosi’s plane could be shot down.  However, none of the threats materialized.

Yesterday it was obvious the White House was attempting to diffuse the aggressive grievances of Beijing when spokesperson John Kirby, technically the NSC Coordinator for Strategic Communications, made a specific statement:

The world has seen the United States government be very clear that nothing has changed — nothing has changed — about our One China policy, which is of course guided by the Taiwan Relations Act, the Three Joint U.S.-PRC Communiqués, and the Six Assurances.  We have said — and we have repeatedly said — that we oppose any unilateral changes to the status quo from either side.  We have said that we do not support Taiwan independence.  And we have said that we expect cross-Strait differences to be resolved by peaceful means.”

Those six words, “we do not support Taiwan independence,” was a very deliberate and public assurance to China.  Essentially, the United States will not do anything to support the independence of Taiwan, do whatever you want.  Joe Biden took a knee to Chairman Xi.  As a result, Beijing dropped back their tone to traditional rhetoric saying in a statement Tuesday morning, the visit “seriously infringes upon China’s sovereignty and territorial integrity.”

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Consequential Primary Elections Today in Arizona, Michigan, Kansas, Missouri and Washington State

Today is a very consequential primary election day for the states of Arizona, Kansas, Michigan, Missouri and Washington. There are high profile senate races in Arizona and Missouri, and an abortion ballot measure is going to be decided in Kansas.

Additionally, a key contest between the MAGA base and establishment republicans will be determined in the Arizona governor race between Trump endorsed Kari Lake and Pence endorsed Karrin Taylor Robson. All of the manipulative media has been working in that Arizona contest, including Fox News trying to tip the scales for the professional cocktail class of republicans.

As if all that wasn’t enough, three of the House DeceptiCons who voted to impeach President Trump are being confronted in Washington State and Michigan. Representative Jaime Herrera Beutler and Representative Dan Newhouse of Washington state along with Representative Peter Meijer in Michigan are facing strong primary challenges.

Kinzinger, Kato, Gonzalez and Upton all decided to quit their seats rather than face defeat.  Tom Rice tried to get reelected but was defeated in South Carolina by MAGA republican Russell Fry.  Today, Newhouse, Beutler and Meijer are facing the voters, and then next week Liz Cheney will be on the block.  Ms Cheney is desperately pleading with Democrats to switch parties in Wyoming and save her from republican voters.

President Trump endorsed Joe Kent to face Jamie Beutler (WA, CD-03). President Trump endorsed Loren Culp to challenge Dan Newhouse (WA, CD-04), and in Michigan, President Trump endorsed John Gibbs to squish wormy Pete Meijer (MI, CD-06).  It will be interesting to watch the results tonight.

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