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 †
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.
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.
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.”
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.
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.
“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.”
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 †
Ms. Harmeet Dhillon appears on the Tucker Carlson show to discuss the Supreme Court ruling that sends the issue of abortion back to the individual states for determinations of legal issue by the legislative bodies closest to the people. {Direct Rumble Link} Dhillon provides a clear-eyed and pragmatic review of the Roe -vs- Wade case nuance overall. WATCH:
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.