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Pretending Continues – Fed Chair Raises Interest Rates 3/4 Point, Blames Russia for U.S Food Prices, Claims Consumer Demand Still Too High

It’s all a ruse; an economic shell game being played for politics – nothing more.

Consider this quote from Fed Chair Jerome Powell today, “Inflation remains well above our longer-run goal of 2 percent. Over the 12 months ending in September, total PCE prices rose 6.2 percent. Excluding the volatile food and energy categories core PCE prices rose 5.1 percent. And the recent inflation data again have come in higher than expected. Price pressures remain evident across a broad range of goods and services. Russia’s war against Ukraine has boosted prices for energy and food and has created additional upward pressure on inflation.” (source)

You can argue Powell’s points of demand side inflation all day long, it matters not. It’s nonsense.  Take interest rates to 10%, or even eleventy percent, and that will not stop inflation because demand is not creating it.  Current inflation is a supply side issue, driven by a radical change in energy policy.  I have made this case for well over a year, sooner or later people are going to have to stop believing the demand side nonsense.

As Powell himself noted, “with today’s action, we’ve raised interest rates by 3 ¾ percentage points this year,” and yet inflation hasn’t flinched.  Why? Because there was no excess consumer demand to tame all year.  Demand for consumer goods has been in a freefall since the fall of 2021, while the prices of those goods have remained on an upward trajectory because costs associated with producing them continue rising.  That’s a supply side inflation issue, not demand – but Powell cannot admit it.

Powell […] “Even so, we still have some ways to go. And incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected. Our decisions will depend on the totality of incoming data and their implications for the outlook for economic activity and inflation. We will continue to make our decisions meeting by meeting and communicate our thinking as clearly as possible.

We’re taking forceful steps to moderate demand so that it comes into better alignment with supply. Our overarching focus is using our tools to bring inflation back down to our 2 percent goal and to keep longer-term inflation expectations well anchored.”

If you want to take the pretending out of the paragraph and make it truthful, insert the word energy:

“We’re taking forceful steps to moderate [energy] demand, so that it comes into better alignment with [policy driven energy] supply.” 

There.  THAT’S THE TRUTH !!

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Biden Says We Won’t Know the Results of the Midterm Election Until Days After Polls Close November 8th

It would appear that national democrats are setting the stage for fraudulent ballot collection again.

During his insufferable remarks today about Democracy -vs- Autocracy {Direct Rumble Link Here}, a speech fraught with cognitive dissonance, Joe Biden proactively warns Americans that the results from the midterm election will not be known until days after the election takes place.  WATCH:

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An Epic Battle in North America is Looming as The USA and Canada Attempt to Pressure Mexico to Follow the Climate Change Energy Policy

Folks, we have all watched the North American economic moves with great interest ever since the first discussions about reforming NAFTA were triggered by Donald Trump. Well, things are about to get even more interesting, and we will have a front seat to see how this plays out.

Joe Biden and Canada’s Justin Trudeau are in ideological alignment, willing to destroy the entire North American economy as they construct the new climate change energy systems for the U.S and Canada.  However, Mexican President Andres Manuel Lopez-Obrador (AMLO) has already indicated -including direct statements to Joe Biden at the White House– that he is not willing to put the Mexican economy into collapse and try to engineer an economic future on solar panels and windmills.

As a direct result of following an independent path, the Mexican currency has strengthened against the U.S. dollar providing AMLO with evidence his current strategy to stay away from the U.S. energy policy has benefit.  Factually, AMLO is a soft-socialist (immigration); however, he is also a strong economic nationalist who has previously expressed a strong dislike for the influence of multinational corporations in Mexico.  AMLO is not a World Economic Forum acolyte.  AMLO ideologically aligned toward team BRICS.

The U.S. and Canada are going to push every possible political pressure point in order to force Mexico to change energy policy.  The stakes are high. It is going to be remarkable to watch what happens as this battle takes place.  The Wall Street Journal starts to notice:

(Wall Street Journal) – A shake-up of Mexican trade officials has clouded prospects for a quick resolution of a dispute with the U.S. and Canada over what are seen as Mexico’s nationalist energy policies.

The changes at the Economy Ministry are part of an effort by Mexican President Andrés Manuel López Obrador to put people who support his stance in charge of negotiations, according to people familiar with the situation.

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Senate Majority Leader Chuck Schumer is Up for Reelection, Steve Bannon Interviews His Republican Challenger Joe Pinion

Most people are unaware that in this senate election cycle New York Senator and Senate Majority Leader Chuck Schumer is up for reelection.  National media have ignored mentioning the Schumer -vs- Pinion race.  Few people, even those in New York, realize that Chuck Schumer is on the ballot next week.

Republican candidates in New York are surging and there is a potential, slight though it might be, for Schumer to be defeated in his race.  If every New York state voter that supports Republican gubernatorial candidate Lee Zeldin also votes for New York Senate Republican candidate Joe Pinion, there is a path for Schumer to be removed from office.   A removal of Chuck Schumer would be akin in scale to the Scott Brown victory for the “Kennedy seat” in Massachusetts in 2010.

Any chance of victory first starts with people realizing Chuck Schumer is on the ballot for defeat next week.  Few people are even aware of it, and the RNC along with the UniParty in Washington DC have made no mention of it.  Steve Bannon interviewed Joe Pinion {Direct Rumble Link} to discuss: WATCH:

https://rumble.com/embed/v1ohi6e/?pub=4

[Joe Pinion Website Here]

What Joseph Pinion needs most right now is recognition by people in New York that this race actually exists.  There’s a reason why no one has discussed the fact that Chuck Schumer is on the ballot. There’s a reason why media has not previously outlined this race.  The outcome is entirely dependent on the people of New York realizing the opportunity that is in front of them.

New Yorkers need to vote for Lee Zeldin for governor and Joe Pinion in the senate race.

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Democrats Rush Election Funds to Deep Blue Races in New York, Oregon, Illinois and California

There is a disconnect between what the MSM have been saying about the midterm election and the background Democrat party activity in the final days before the midterm election.

While most media watercarriers for Democrats have been claiming the races will be tight, close and control over both the Senate and House are narrow margins, the Democrat party apparatus is sending emergency funds to support deep blue candidates in races where they previously claimed their victory margins were too big to fail.

If the deep blue seats are vulnerable, their seats in districts of marginal support must be considerably more vulnerable.

(Politico) House Democrats’ top super PAC is making a last-minute buy to aid Rep. Joe Morelle, a New York Democrat in a deep-blue seat — the latest sign that the battle for the House is lurching toward the GOP.

Morelle, who was elected in 2018 to replace the late Democratic Rep. Louise Slaughter, holds a Rochester-area district that backed President Joe Biden by 20 points in 2020. His Republican opponent, La’Ron Singletary, is a former Rochester police chief who has staked his campaign on rising crime rates in New York. House Majority PAC will go on air this week for Morelle with a $275,000 buy, according to data from the media tracking firm AdImpact.

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Rumble Rejects French Govt Demand for Control Over Content

The team at Rumble Video have taken a strong position in defense of free speech, an open internet and protection of a diverse public square.

Apparently, the French government demanded that Rumble remove content the government does not support. [Source] Rumble said no.

Rumble CEO Chris Pavlovski then followed up delivering a statement via Twitter: “The French Government has demanded that Rumble (@rumblevideo) block Russian news sources. Like @elonmusk, I won’t move our goal posts for any foreign government. Rumble will turn off France entirely (France isn’t material to us) and we will challenge the legality of this demand.”

Pavlovski and Rumble being transparent and making the demand from the French government public raises a few questions.

Rumble said ‘no’, but who said ‘yes’?

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November 2nd – 2022 Presidential Politics – Resistance Day 652

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 November 2nd – 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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Pelosi Home Had Live CCTV Security Feed, Capitol Police Were Not Watching During Attack But There is a Recording

Apparently, the San Francisco home of Paul and Nancy Pelosi has real time CCTV security remotely monitored by the Capitol Hill Police.

However, as the story is told, during the attack on Paul Pelosi, no one was watching the CCTV monitors.  But it does appear there is a recording.

(Fox News) –  Officers from the U.S. Capitol Police have live video surveillance outside the Pelosi’s San Francisco residence, but weren’t watching it when David DePape, 42, allegedly attacked Paul Pelosi, the husband of House Speaker Nancy Pelosi, sources tell Fox News.

The officers were monitoring a live-feed of many cameras, which include surveillance of the capitol complex, but also monitor some points away from the capitol, which include the Pelosi residence.

According to sources, an officer was monitoring the feeds and saw police lights on a dark street outside the Pelosi’s residence. When going through surveillance footage, the officer saw the alleged attack on Oct. 28, when DePape allegedly struck Paul Pelosi, people briefed on the incident said, according to the report. (read more)

Eddie, remains suspicious….

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Biden Tweets Energy Policy – Lower Oil Prices and Increase Production, or He Will Raise Taxes and Increase Regulation

Joe Biden does not write his tweets, that is certain.  However, whoever is writing on his behalf sure has an odd way of promoting administration energy policy.

In a Tweet last night [link here] Joe Biden demands oil companies’ lower prices and increase production, or he will raise their taxes and increase regulation:

In essence, lower the prices and increase production or Joe Biden will increase the prices and lower production.  How does this make sense?

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