Boy I’m glad she decided to take one last question at the end of her G7 Finance Minister press conference, because that one question was the one that mattered…. and it didn’t come from a U.S. journalist (go figure).

In this Q&A with Treasury Secretary Janet Yellen she is asked about massive ongoing inflation and why she is not worried about it from a U.S. monetary policy perspective.  Her reply is jaw dropping.  [Video at 25:10 prompted]

First, note the words used “my personal opinion is“, that’s a key *tell* that she is now shifting from economic discussion into the manipulated words of a U.S. political appointee who is in place to support the absolutely insane policies of the JoeBama administration.   However, what she follows with is beyond absurd… it’s professionally false and filled with gaslighting.

Yellen says the COVID pandemic caused “DEFLATION” in 2020 and we are now circling back to year-over-year comparisons in pricing, and that is creating the illusion of inflation where no inflation exists.  She claims pricing is returning to where it was at pre-pandemic levels.  This is an absolutely absurd statement that every single reader of this site can see, feel and absorb in their own lives.

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This obtuse explanation from Treasury Secretary Janet Yellen about the April jobs report is one for the record books.  According to Yellen, the government handing people more free money than they would achieve with a working job is not a disincentive for employment.

To prove her case she cites the hospitality industry hiring people in April.  However, what Yellen doesn’t figure into her bizarro logic is that all sectors in all states are not created equal.  Yes, the statistics of “sector analysis” apply across the entire nation; however, the underlying economic activity is not equally distributed.

Blue states are more economically closed than red states. The job gains are in the states where the economic activity is strongest and the incentives for workers are the biggest.   The lack of people working is disproportionately happening in the blue states where dependency models are strongest. WATCH this nonsense:

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These bureaucrats don’t have a lick of common sense.  According to Secretary Yellen’s logic, there are times when water is not lacking dryness.

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Economic forecasters had predicted one million job gains in April.  The actual results are “stunningly” and “unexpectedly” far below the expectations.  The Bureau of Labor Statistics [SEE HERE] reveals only 266,000 jobs gained in April and downward revisions of March by -146,000.  There are almost 7.4 million jobs available; however, despite the available jobs, no-one is going back to work.

Yes, JoeBama’s “free government money” has created the socialist utopia.

The politically correct economic analysts are shocked that minorities (blacks and latinos) are not going back to work; while ignoring the disincentive that government handouts have created in the JoeBama economy.  The entire dynamic is ridiculous when you consider we should be entering a phase of the jobs economy where vaccination and COVID mitigation should be leading to massive reopenings of the economy overall.

Inside the numbers, the economic sectors showing the worst jobs recovery are directly related to the blue state shut-downs.  Worse yet, there is an underlying scenario showing the economy is not growing despite the ability of businesses to re-open overall.  That spells even more trouble.

(CNBC) – “Today’s report was an enormous surprise and shows the labor market hit a hidden pothole in April,” Glassdoor senior economist Daniel Zhao tells CNBC Make It. “Clearly, the labor market has decelerated quite a bit.”

The 6.1% unemployment rate and 9.8 million people unemployed remained steady in April compared with the months prior. (more)

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You’ve likely seen mentions of inflation popping up amid some MSM discussions. Without a doubt you have seen significant price jumps at your local supermarket.

The reason is simple, JoeBama’s economic policies are beneficial to the multinationals, crushing to the domestic U.S. economy and driving massive increases in prices in a variety of sectors.  As a consequence the leftist financial media (almost all financial media) are churning out deflection points, but if you understand the background you can predictably see the cause and effect.

USA Today –  From tortillas to cornbread, some of your favorite corn-based dishes may go up in price late this summer.  Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch. (more)

NOTE: Wheat, corn and soybeans are the foundation of the U.S. food supply. They are primarily used as ingredients in processed foods, oils, and are fed to the cattle, hogs, and poultry that supply meat and eggs for the American diet.  When those grain harvests go up in price the downstream increase in price is far reaching.

Remember, there is no such thing as a “commodity” market in the free market sense of the word.  Those commodity markets are now “controlled markets“, and fully under the control of massive multinational agricultural corporations.

[…]  “Americans should definitely expect an eventual rise in prices later in the year,” says Moya. “The surge with grain prices should not immediately be visible at supermarkets, since retailers absorb the initial increase. (But) eventually, the margin pressure will be too big and probably at some point late in the summer, Americans will start to take notice to some increases on grocery shelves.” (more)

Many Americans are recently awake to the singular ideology that surrounds DC politics.  The UniParty political fraud also applies to our political economy. However, just like the election, understanding the deception in modern economics means understanding previous false and promoted assumptions.

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The federal reserve has announced they will support the economic agenda of the Biden administration by allowing rapid inflation.  The FED is trying to provide cover for JoeBama’s economic plan.  The era when the FED could impact inflation is long past.  However, the Joe Biden policy impact will be clear, immediate and concise.  The U.S. middle-class and blue-collar worker are about to be crushed under rising prices for consumable products.

Increases in inflation hit the working class (Main St) much harder than the investment class (Wall St) and financial elites.  Factually the multinationals benefit from U.S. inflation as it puts pressure on domestic companies to ship their manufacturing overseas.  Wall Street likes that.  This dynamic has been an issue not-discussed by the financial media for decades.   First, the Reuters article (when you see “commodity prices” think about the term “consumables”):

REUTERS – The U.S. Federal Reserve has signaled it will tolerate faster inflation for a time to cement the post-pandemic recovery and boost employment, but the side effect is likely to be a faster rise in commodity prices.

[…]  After its latest meeting on Wednesday, the Federal Open Market Committee confirmed it will seek to achieve the *twin objectives of maximum employment and inflation at the rate of 2% over the longer run.

[*NOTE: in the new era of global economics these two are mutually exclusive.  The FED is intentionally ignoring this point.]

[…] The committee noted price rises have been running persistently below target, so it aims to achieve inflation moderately above 2% for some time to make up the shortfall and anchor expectations at around the 2% level.

[…]  The plan is to run the economy hot to achieve faster job gains, especially among disadvantaged groups that are marginally attached to the labour force, before shifting back to inflation control later in the cycle.

But the resulting pressure on global supply chains while the Fed pursues employment increases is likely to generate significantly quicker price rises for raw materials and a range of manufactured items. (read more)

This perspective is fundamentally false and based on assumptions that are decades old economic arguments.  The reality of what will happen is exactly the opposite on the employment front.

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Wow, all your children are belong to us.  West Virginia Governor Jim Justice made an announcement today his administration will pay $100 savings bonds to anyone aged 16 to 35 who will take the COVID-19 vaccine.

Fearing that forty percent of the West Virginia population might not get vaccinated, the West Virginia governor has announced he will give a one hundred dollar savings bond to everyone aged 16 to 35.   The money will come from the CARES Act funding.  “They’re not taking vaccines as fast as we’d like them to take them,” Gov. Justice said. “If we really want to move the needle, we’ve got to get our younger people vaccinated.”  The segment starts at 23:40 of the broadcast below (prompted):

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Keep in mind this is not an FDA approved vaccine; it is being distributed under the Emergency Use Authorization.  How does parental consent apply to this new government program?

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Let’s start by being intentionally direct with each other. The JoeBama tax proposals are not accidental or misguided; far from it.  The intent of Obama’s third term economic policy is to return to forced globalism and diminished U.S. middle-class prosperity…. the often mentioned “service driven economy.”

There is nothing of value behind the obtuse term “service driven economy.” The multinationals are paying for this administration, just like they paid the Obama administration; paying for economic policy that advances their interests.

Congress goes along with the K-Street demands because Wall Street is now the primary benefactor of legislative intent. Nothing about their effort is done with American interests in mind.

Let me also be clear… Ever since I put forth the explanations of “A New Dimension in American Economics” I have been contacted by several prominent people within the financial institutions and academic sphere who agree with the principle. However, every single person states there is too much risk in explaining the intent and motive behind the curtain.

What JoeBama is proposing in his tax plan is specifically intended to rapidly advance the interests of Wall Street and corporate multinationals. Before getting to the baseline of how, let’s first look at his proposals as purposefully leaked:

WASHINGTON (Reuters) -President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.

The plan is part of the White House’s push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden’s ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.

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CTH will continue pointing out the merge of Government and Multinationals while Conservative Inc and Republicans run from criticism of their K-Street masters.

Let us start by taking a look at this specific point about COVID vaccination passports:

The people behind the JoeBama administration do not need to step on the hot-button issue of ‘vaccine passports’ because they already have ideological allies working on the issue.  Remember that phone call with 100 multinational corporations a few days ago?  Why would a Marxist government need to engage in an issue highly charged with politics, when they can just farm-out the same outcome to their Marxist corporate allies?

Hopefully people can see what is happening here.

There are trillions at stake.  Those trillions need to engage in control mechanisms to retain their position.  The multinational corporations know how financially lucrative COVID compliance is.  Those same multinationals are setting up the parameters for control in the exact same manner the U.S. government would.  The ideological multinationals and the ideological JoeBama administration are working in concert.

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The Bureau of Labor Statistics highlights some alarming inflation numbers today [Link Here] that are unfortunately, not unexpected…. unless you are a liberally trained economist (most of them) and so the results are surprisingly “unexpected”.    But the actual JoeBama-nomic policy is even worse because wages increased less than inflation increased, so real wages (actual purchasing power) decreased.  That spells trouble, Trouble.

Middle-class wage earners already know this problem; you are seeing it at the gas pumps and at the grocery store.  Fuel prices are rapidly increasing and the amount of inflation in the ‘at home’ food industry (grocery store) is even more concerning.

Let me first walk through the data and then provide some forward analysis with tips to help you offset what is about to hit.

First, it is important to know that BLS price survey data lags actual prices as felt today.  The prices you are seeing today/tommorrow at the store and gas pump will not show up in the rolled-up data for over a month….  So the data released today is unfortunately far behind what you are witnessing in real time.

Gas prices rose last month by 9.1%.  The year-over-year inflation number is an alarming 2.6 percent last month.  Keep in mind that retail grocery prices are not in the inflation number, and they generally follow the same price index as fuel; so it is safe to say monthly grocery store price increases are in the 8 to 10 percent range.

Part of the reason gas and food track together is fuel and energy prices are the #2 cost within the food sector.  With packaging prices increasing; with fuel prices and distribution costs increasing; with energy prices increasing; all costs associated with food production, processing, delivery, warehousing and distribution, all end up in the final price at the grocery store.

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Y’all are smart.  You are part of the three percent who really understand.  Consider if you will, the backdrop of current U.S. politics; the influence of Wall Street and the multinationals who align with globalism; the reality of K-Street lobbyists writing the physical legislation that politicians sell to Americans; and then overlay what you are witnessing as those same multinationals now attack the foundation of our constitutional republic.

Think about the bigger picture, the progressive picture, the ultimate goal and the explanation of my oft mentioned catchphrase “there are trillions at stake.”

Then, perhaps, just perhaps, take a few minutes to re-watch this segment from a movie circa 1976.  Replace Ned Beatty with Donald Trump… The issues are identical.  It has been thus since the rise of the multinationals:

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Recently there have been many critics of President Trump; many people proclaiming that President Trump did not do enough to block, impede, stop and counteract the globalist forces that are aligned against his effort to Make America Great Again.   There are people who proclaim that Donald J Trump should have been more wise in his counsel; more selective in his cabinet.  Let me be clear….

I will never join that crew of Trump critics because I understand his adversary.  I understand the scope of the enemy, the scale of the war, the financial and economic power of the opposition, and the effort it will take to stop decades of willful blindness amid 97% of the American people.   I also see exactly what they are doing now, even with President Trump forcefully removed from office, to destroy the threat he still represents.

Donald J Trump was/is a walking red-pill; a “touchstone”: a visible, empirical test or criterion for determining the quality or genuineness of anything political.  I have been deep enough into the network of the Deep State to understand the scale and scope of this enemy.  To think that President Trump alone could carry the burden of correcting four decades of severe corruption of all things political, without simultaneously considering the scale of the opposition, is naive in the extreme.

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