World Bank President David Malpass appears on CBS with media propagandist Margaret Brennan, a woman of exceptionally low intelligence, to discuss the current state of global economics and the likely consequences.  I have been saying this for a year and I will repeat, the absence of food will change things.

Within the interview [Transcript Here] the status and solutions that Malpass outlines are accurate and factual, albeit couched in gentle terms acceptable to the globalists. As noted by Malpass, if a shift in messaging and actual policy for energy and finance does not take place, the outcome will be bad for food production and government stability.

The World Bank president accurately states increased production is urgently needed to avoid global shortages.  However, that increase in production is only possible if the leaders of the largest economies reverse their positions on energy development and finance.  The world needs oil and natural gas production to increase dramatically in order to stave off food shortages. Unfortunately, those pragmatic recommendations are falling on deaf political ears.  WATCH:

[Transcript] – MARGARET BRENNAN: There are a lot of stressors on the global economic system right now, how do you describe where we are?

MALPASS: It’s a sharp slowdown, including even China. So we’ve seen the world growth fall by half since January in terms of GDP growth. But there’s also shortages, there’s inflation. And the food shortages for the poorer countries are becoming a significant concern, they already are.

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We must always keep focus on the context for information that comes from the U.S. State Dept and the Central Intelligence Agency to the media.  Yesterday, as Joe Biden was en route to the G7 summit in the Bavarian Alps, the New York Times published an article saying the CIA and Pentagon special forces are organizing and conducting the NATO war effort from a secret operation center in Kyiv.

Some viewed the article as the NYT violating operational security for the U.S. led effort. However, that perspective belies the nature of how the media is used in war by Dept of State and intelligence officials.  The details of the Times article are attributed to “three U.S. officials,” and should be looked upon as purposeful.

In addition to the timing of Biden headed to the G7, the admission of CIA officials conducting the war effort from inside Ukraine, comes as NATO partner country Lithuania informs Russia that prior transit treaties to the Russian enclave of Kaliningrad will not be honored.  NATO is poking and provoking a response from Russia, the Times article is part of this effort.

New York Times – … [E]ven as the Biden administration has declared it will not deploy American troops to Ukraine, some C.I.A. personnel have continued to operate in the country secretly, mostly in the capital, Kyiv, directing much of the vast amounts of intelligence the United States is sharing with Ukrainian forces, according to current and former officials.

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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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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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For those not paying close attention, the G7 is in serious trouble right now.  The G7 includes the United States, the United Kingdom, Canada, France, Italy, Japan and Germany.  The EU and Japan are on the verge of a central bank financial crisis.  Germany is the heart of the EU and their economy is FUBAR as a result of sanctions against Russia, their energy dependence and an internal inflation rate exceeding 30%.

The G7 spending response to the COVID pandemic, a collective decision outlined by the World Economic Forum and central bank organizers, has created a massive inflation crisis amid all attached economies.  Making matters worse the Build Back Better agenda promoting climate friendly energy policy over fossil fuels is pouring gasoline on the raging inferno of economic disruption.

The EU and Japanese central banks are tenuous at best, and the U.S. has seemingly positioned Europe and Asia for even further economic pain as a result of sanctions against Russia (EU) and a contracting U.S. economy impacting Asia.  The intentional global cleaving is not working out too well as the G7 leaders assemble for their summit in the Bavarian Alps.   This is the backdrop for German Chancellor Olaf Scholz.  In essence, the G7 climate policy cannot be sustained simultaneously with the German economy surviving:

GERMANY –  German Chancellor Olaf Scholz has said he wants to put soaring inflation, the energy crisis and climate change at the center of the agenda when he meets fellow G7 leaders at Schloss Elmau in the Bavarian Alps.  

Germany, which holds this year’s G7 rotating presidency, is hosting the gathering of the heads of state and government of the world’s seven leading industrialized nations from Sunday through Tuesday.

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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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In this week’s discussion monologue, Neil Oliver outlines a recent push by U.S. and U.K. authorities to vaccinate children under 5-years of age.   Despite almost zero risk to their health from COVID-19 or any variant, in the U.S. the FDA has recently approved vaccinations for babies 6-months and older.

Mr. Oliver notes the risk vs- reward in this health protocol is ridiculous on its face.  There is no substantive risk from COVID19 to any healthy child or young adult, yet the government institutions of healthcare are seemingly blind to the medical evidence.   Oliver says, “leave our kids alone,” WATCH:

[Transcript] – In the USA they are jabbing babies with the COVID vaccine, six months old and upward.  Here in Britain the NHS has been targeting children at primary school – five to 11 years old – with posters and letters depicting those youngsters who submit to the procedure as ‘Superheroes’.

Smiling cartoon characters, children in superhero outfits, surely designed to persuade children as young as five years old that they might join the ranks of superheroes if they will just line up and bare an arm to the needle.

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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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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.

(more…)