Labor Reports: Annual Inflation Rate 1.5%, Annual Rate of Wage Growth 3.5%…


The Bureau of Labor Statistics (BLS) released some important data today surrounding the state of the U.S. economy. The first release shows the current CPI (consumer price index) or rate of inflation:

(BLS Release) […] The all items index increased 1.5 percent for the 12 months ending February, a smaller increase than the 1.6-percent rise for the 12-months ending January. The index for all items less food and energy rose 2.1 percent over the last 12 months, a slightly smaller figure than the 2.2-percent increase for the period ending January. The food index rose 2.0 percent over the past year, its largest 12-month increase since the period ending April 2015. In contrast, the energy index declined 5.0 percent over the last 12 months. (read more)

As noted above, energy prices are 5.0% lower year-over-year; this is a significant reason for the current low inflationary rate.  Also energy prices (fuel, gas, oil) disproportionately impact the middle-class as an unavoidable cost.  Lower gas prices (currently down 9.1%) help middle-America, and also have a downstream impact of lowering product transportation costs.

An overall annual rate of inflation at 1.5 percent is exactly on target.  CTH has been predicting this energy-based outcome for more than three years:

The third highest variable cost of goods beyond raw materials first, labor second, is energy. If the U.S. energy sector is unleashed -and fully developed- the manufacturing price of any given product will allow for global trade competition even with higher U.S. wage prices. (link)

The second BLS release was a review of Real Earnings and Wages.

Here the news is terrific and the results on target:  Annual wage growth 3.5%

[Source Link, Table A-2]

Keep in mind the wages and prices are national averages.  There are regions and specific sectors of the workforce where the rate of wage growth is much higher. The average rate of wage growth is 3.5 percent; and wages are on an upward trend-line.  With an ever tightening labor market we can expect to see continued upward pressure on wages.

Wage growth of 3.5% with inflation at 1.5% means higher actual income, more money in the pockets of workers, and increased purchasing or saving power.

Lastly, CTH would be remiss if we did not point out we are deep into year #2 of the steel, aluminum and China tariffs.  The multinational doomsayers and financial pundits were predicting massive surges in U.S. consumer prices for the downstream products.

Wall Street’s proclaimed consequences are not happening.

Wilbur was right…

 

Sarah Sanders Discusses Pelosi Impeachment Shift…


Against the backdrop of Speaker Pelosi tamping down expectations of a House impeachment, White House Press Secretary Sarah Sanders appears on Fox News to discuss the current state of DC politics.

.

Speaker Pelosi, Chairman Schiff, Chairman Cummings and Chairman Nadler would not likely drop their deep investments in an impeachment narrative unless they held confidence something more valuable was on the horizon.

Operation Varsity Blues – Massive College Admissions Bribery Scheme and Conspiracy – 50 People Arrested in Sweep….


Many wealthy people were arrested today for participating in a massive bribery scheme to gain college admission for their families. The Justice Department charged 50 people (Press Release Here) including two TV stars with being part of a long-running bribery scheme to get privileged children into big-name colleges and universities.

BOSTON DOJ – Dozens of individuals involved in a nationwide conspiracy that facilitated cheating on college entrance exams and the admission of students to elite universities as purported athletic recruits were arrested by federal agents in multiple states this morning and charged in federal court in Boston. Athletic coaches from Yale, Stanford, USC, Wake Forest and Georgetown, among others, are implicated, as well as parents and exam administrators.

William “Rick” Singer, 58, of Newport Beach, Calif., was charged with racketeering conspiracy, money laundering conspiracy and obstruction of justice. Singer owned and operated the Edge College & Career Network LLC (“The Key”) – a for-profit college counseling and preparation business – and served as the CEO of the Key Worldwide Foundation (KWF) – a non-profit corporation that he established as a purported charity.

Between approximately 2011 and February 2019, Singer allegedly conspired with dozens of parents, athletic coaches, a university athletics administrator, and others, to use bribery and other forms of fraud to secure the admission of students to colleges and universities including Yale University, Georgetown University, Stanford University, the University of Southern California, and Wake Forest University, among others. Also charged for their involvement in the scheme are 33 parents and 13 coaches and associates of Singer’s businesses, including two SAT and ACT test administrators.

Also charged is John Vandemoer, the head sailing coach at Stanford University, Rudolph “Rudy” Meredith, the former head soccer coach at Yale University, and Mark Riddell, a counselor at a private school in Bradenton, Fla.

The conspiracy involved 1) bribing SAT and ACT exam administrators to allow a test taker, typically Riddell, to secretly take college entrance exams in place of students or to correct the students’ answers after they had taken the exam; 2) bribing university athletic coaches and administrators—including coaches at Yale, Stanford, Georgetown, the University of Southern California, and the University of Texas—to facilitate the admission of students to elite universities under the guise of being recruited as athletes; and (3) using the façade of Singer’s charitable organization to conceal the nature and source of the bribes.  (read more)

Representative Doug Collins Releases Transcript of Lisa Page Congressional Testimony…


Well, well, well; he did it again.  Representative Doug Collins has released the transcript of testimony from former FBI Lawyer Lisa Page. [SEE HERE] The transcript is from two days of congressional testimony July 13th and July 16th, 2018.  Each day is a separate transcript:  Day One Transcript

https://www.scribd.com/embeds/401713567/content?start_page=1&view_mode=&access_key=key-ytRBq0Zg3cK1WF13ttNl

.

Day Two Transcript (below)

https://www.scribd.com/embeds/401713869/content?start_page=1&view_mode=&access_key=key-gYLIAA10h2IeABpGqlH4

Embedded video

Rep. Doug Collins

@RepDougCollins

How Europe Will Kill Tourism – The Age of Big Brother is Upon Us


The world seems to be moving toward complete control over the freedom of movement. Most likely, we are approaching that critical point where governments are afraid of what is coming on the horizon. There are those in government who are well aware that socialism is collapsing and they indeed fear the rise of civil unrest. As a result, they are imposing restrictions on the freedom of movement. A passport is a travel document, usually issued by a country’s government, that certifies the identity and nationality of its holder primarily for the purpose of international travel.

In ancient times, there still was a requirement to prove you were somehow legitimate. Here is a Praetorian document[1] granted by the emperor giving a soldier the right to marry an alien. She was to be treated as a citizen and any children would also be considered to be a Roman citizen. There was no formal need for a passport within the Roman Empire, however, you still needed to prove your legal status somehow. A messenger or individual traveling though territories would carry some form of the mark from his patron, whether it be a sealed letter or a piece of jewelry that confirmed who he was.

Today, we have class rings to prove you went to a particular school. Here is a Roman legionary ring to prove you were a soldier. You did need something to convey who you were to protect the traveler from harassment, for he was protected by a mark in a ring or document. That person was then under the protection of whoever’s seal or mark they bore. Roman society was built around the idea of a Client-Patron relationship. Therefore, this relationship conveyed that you were under some sort of protection and thus lacking that distinction that could otherwise allow you to be robbed or whatever.

You would place yourself under the protection of a certain individual or become indebted to one and then you would owe them some favors or errands later in life. This thus allowed for safe passage through the Empire. This same sort of system was in place internationally as well. If someone from the merchant class traveled abroad to trade, he would carry the mark of his patron with him. Likewise, a diplomat would carry a symbol of the emperor or a noble family to prove his status.

Indeed, perhaps one of the earliest known references to an international travel document/passport is found in the Hebrew Bible. Nehemiah 2:7–9, dated from approximately 450 BC. It there states that Nehemiah, an official serving King Artaxerxes I of Persia, asked permission to travel to Judea; the king granted leave and gave him a letter “to the governors beyond the river” requesting safe passage for him as he traveled through their lands.

The 1548 Imperial Diet of Augsburg required the public to hold imperial documents for travel at the risk of permanent exile. But this had adopted the policies that first emerged in England when King Henry V is credited with having invented the first modern passport, as a means of helping his subjects prove who they were in foreign lands. The earliest reference to these documents is found in a 1414 Act of Parliament.

In 1540, granting travel documents in England became standard and this became the job of the Privy Council. It was about this time that the term “passport” was used. You were considered the “subject”of your king and that really meant you were his “property.” If you left England to go to France where you committed some crime, the French king could not punish you and you had to be returned to your king (owner) with an account of what crime you committed, for only he could punish his property.

This tradition of being the property of a king led to the development of territorial jurisdiction with the American Revolution, for to deport someone to their king to be punished for a crime in America made no sense when they declared to be free of a monarchy. The American Revolution meant if you committed some crime in America, you were to be punished locally and not returned to a king they did not recognize.

In 1794, the British passports became the job of the Office of the Secretary of State as a result of the American Revolution and thus became a standard practice, whereas the Privy Council formally advised the sovereign on the exercise of the Royal Prerogative which would grant a document for travel at the prerogative of the king.

Some Europeans have taken offense to what I wrote that Americans will need a visa to visit Europe starting in 2021. They say this is not a visa, but just a “screening.” They fail to understand that this is not a visa in the sense of a stamp in your passport. Beginning in 2021, all foreign citizens will be required to undergo a pre-screening and registration process, which will be known as the European Travel Information and Authorization System (ETIAS) before entering European Schengen-zone[2]countries. Not all EU members are part of this Schengen agreement – notably Britain, Scotland, and Ireland.

Currently, if you want to travel to Rome for a vacation, you just hop on a plane and you do not need to apply for a visa in advance for up to 90 days. They grant you the visa there upon entry. That will all come to an end which is why we are holding what may be our LAST EUROPEAN WEC this year. Every American will require pre-screening, so in other words, you will need a quasi-visa to even get on the plane. There will be no more free travel.

The USA has the Electronic System for Travel Authorization (ESTA) which is also an automated system used to determine the eligibility of visitors to travel to the United States under the Visa Waiver Program (VWP) and whether such travel poses any law enforcement or security risk. This is not mandatory at this time and it does not eliminate a visa when that is required from certain countries.

This is what I call a quasi-visa, which is pre-screening. Europe will simply require all foreigners, including Americans and Canadians, to obtain a pre-screening to even board a plane in advance. The technical “visa” will still be stamped in your passport upon arrival.

So those trying to distinguish this from a visa are overlooking the fact you cannot get on a plane without the pre-screening approval, which means it is the same as if you had to apply for a visa to enter the country.

Each traveler will be required to apply for the right to visit Europe online. They will have to fill out forms with all personal biometric questions (name, date of birth, etc.), passport information, as well as questions about the applicant’s health, criminal record, and any previous European immigration history. They will be able to deny you access based upon health or even political philosophy or public statements in social media. Officially, here’s how the process works but they do not provide the hidden details.

The application will be then checked across multiple databases right down to your credit history. If the application is not flagged to be looked over manually, they claim a decision will be reached by the system “within minutes,” the site says. If an application is denied, the applicant will receive a reason as to why but you can bet it will omit all political implications and focus on anything, such as arrest records, and will deny you a visa. The shocking number of Americans who are arrested is one-thirdof those BEFORE they reach the age of 25. That alone will eliminate one-third of Americans who will be denied a visa. Then they will move to your credit history, health, and so on. And people talk about Trump’s wall? They have no problem with refugees pouring into the country, but Americans looking to see the Leaning Tower of Pisa, sorry you have a bad credit history.

We are approaching the real Big Brother era. By 2020, China also plans to give all its 1.4 billion citizens a personal scorebased on how they behave. Some with low scores are already being punished if they want to travel. Nearly 11 million Chinese are not allowed to fly and 4 million are barred from trains. We are rapidly approaching the use of technology that will prevent you from traveling or doing anything if you are somehow not acceptable to governments.

Our children and grandchildren will NEVER know what freedom really was all about.

Welcome to the new age of technology. We will have to prove who we are to even move. In communism, you could not move to a different house without the permission of the government. If governments see their demise, they will do whatever it takes to retain power.


[1] EXTERIOR OF THE TABLET:

IMP(erator) CAES(ar) M(arcus) IVLIVS PHILIPPVS PIVS FEL(ix) / AVG(ustus) PONT(tifex) MAX(imus) TR(ibunicia) POT(estate) V CO(n)S(ul) III P(ater) P(atriae) PROC(onsul) / IMP(erator) CAES(ar) M(arcus) IVLIVS PHILIPPVS PIVS FEL(ix) / AVG(ustus) PONT(tifex) MAX(imus) TR(ibunicia) POT(estate) II CO(n)S(ul) II P(ater) P(atriae) / NOMINA MILITVM QVI MILITAVERVNT IN / COHORTIBVS PRAETORIS PHILIPPIAN(is) DECEM / I II III IIII V VI VII VIII VIIII X PIIS VINDICIBVS / QVI PII ET FORTITER MILITIA FVNCTI SVNT / IVS TRIBVIMVS CONVBII DVMTAXAT CVM / SINGVLIS ET PRIMIS VXORIBVS VT ETIAMSI PEREGRINI IVRIS FEMINAS IN MATRI / [blank line with pair of holes for sealing the document] / MONIO SVO IVNXER(int) / PROINDE LIBE / ROS TOLLANT AC SI EX DVOBVS CIVIBVS ROMANIS / NATOS A(nte) D(iem) VII IDVS IAN(uarias) / IMP(eratore) M(arco) IVL(io) PHILIPPO PIO FEL(ice) AVG(usto) III / IMP(eratore) M(arco) IVL(io) PHILIPPO PIO FEL(ice) AVG(usto) CO(n)S(ule) / COH(ors) V PR(aetoria) PHILIPPIAN(a) P(ia) V(index) / M(arco) AVRELIO M(arci) F(ilio) MVCIANO / VLP(ia) SERDIC(a) RETENTVS / DESCRIPT(um) ET RECOGNIT(um) EX TAB(ula) AEREA QV(a)E FIXA / EST ROM(ae) IM (sic) MVRO POS(t) / TEMPL(um) DIVI AVG(usti) AD / MINERVAM

TRANSLATION OF THE EXTERIOR OF THE TABLET:

Emperor Caesar Marcus Julius Philippus Pius Felix Augustus, Pontifex Maximus, holding tribunician power for the fifth time, consul for the third time, Pater Patriae, Proconsul, [and] Emperor Caesar Marcus Julius Philippus Pius Felix Augustus, Pontifex Maximus, holding tribunician power for the second time, consul for the second time. The names of the soldiers who served in the ten cohortes praetoriae Philippianae piae vindices – I II III IIII V VI VII VIII VIIII X – who loyally and bravely performed their military service. We have granted the right of conubium (legal marriage) insofar as individual and “primary” wives with whom they might have joined in marriage – even if they are women under the ius pergrinum (the rights of aliens) – likewise the children they raise as if born of two Roman citizens. (Dated) the seventh day before the Ides of January while the emperor Marcus Julius Philippus Pius Felix Augustus for the third time and Marcus Julius Philippus Pius Felix Augustus were consuls (7 January AD 248). Cohors V Praetoria Philippiana Vindex – For Marcus Aurelius Mucianus, son of Marcus – Ulpia Serdica – a retentus. A transcribed copy from the bronze tablet which has been affixed at Rome to the wall behind the Temple of Augustus by Minerva.

INTERIOR OF THE TABLET:

IMP(erator) CA(e)S(ar) M(arcus) IVLIVS PHILIPPVS PIVS FEL(ix) AVG(ustus) / PONT(tifex) MAX(imus) TRIB(ibunicia) POST(estate [sic) V CO(n)S(ul) III P(ater) P(atriae) PROC(onsul) / M(arcus) IVLIVS PHILIPPVS PIVS FEL(ix) AVG(ustus) CO(n)S(ul) II / NOMINA MILITVM QVI MILITAVERVNT IN / COH(or)TIBVS / [blank line with hole for sealing the document] / PRAETORIS PHILIPPIAN(is) DECEM I II III IIII V VI / VII · VIII · VIIII · X PIIS VINDICIBVS QVI PIAE ET FOR / TITER MILITIA FVNCTI SVNT IVS TRIBVIMVS CVM / VBI(i) DVMTAXAT CVM SI [hole for sealing the document] NGVLIS ET PRIMIS V / XORIBVS VT AETIA SI PEREGRINI IVRIS FEMI / NAS IN MATRI MONIO SVO IVNXERI(nt) / RCOINDE (sic) LIB(eros) / [TOLLANT] AC SI ES (sic) DVO(bus) CIVI(bus) ROMANIS

TRANSLATION OF THE INTERIOR OF THE TABLET:

Emperor Caesar Marcus Julius Philippus Pius Felix Augustus, Pontifex Maximus, holding tribunician power for the fifth time, consul for the third time, Pater Patriae, Proconsul, [and] Emperor Caesar Marcus Julius Philippus Pius Felix Augustus, Pontifex Maximus, holding tribunician power for the second time, consul for the second time. The names of the soldiers who served in the ten cohortes praetoriae Philippianae piae vindices – I II III IIII V VI VII VIII VIIII X – who loyally and bravely performed their military service. We have granted the right of conubium (legal marriage) insofar as individual and “primary” wives with whom they might have joined in marriage – even if they are women under the ius pergrinum (the rights of aliens) – likewise the children they raise as if born of two Roman citizens.. W. Eck and A. Pangerl, “Diplome für prätorianersoldaten aus der Herrschaftzeit der Philippi,” ZPE 176 (2011), §4. As made, green patina, lightly corroded upper left of exterior and corresponding area of reverse, one small chip in patina in center towards bottom, reverse thin olive brown patina, a few adjustment marks. A fine extant military diploma from the 3rd century, and especially rare, as it belongs to a praetorian soldier and notes his place of final deployment as a retentus (a soldier who continued to serve after his term of service was completed).


[2]You must apply to visit Schengen Area

Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France,  Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland,  Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland.

Thomas Sowell on Intellectuals and Society


Published on Dec 16, 2009

SUBSCRIBE 114K
The author of more than a dozen books, Dr. Sowell is now a senior fellow at the Hoover Institution. In his newest work, Intellectuals and Society, he will discuss why so many disasters of our time have been committed by experts or intellectuals. You may remember FDRs Brain Trust which according to later studies is a prolonged the depression by several years. The wiz kids at the pentagon under McNamara who managed to mess up the Vietnam War, you can run through an impressive list of things, of disasters brought about by people with very high IQ

 

Dan Britt – Orbits and Ice Ages: The History of Climate


Published on Feb 8, 2012

SUBSCRIBE 33K
Another lecture in IHMC’s award winning lecture series. http://www.ihmc.us Climate change has become a major political issue, but few understand how climate has changed in the past and the forces that drive climate. Most people don’t know that fifty million years ago there were breadfruit trees and crocodiles on the shores of the Arctic Ocean, or that 18,000 years ago there was a mile-thick glacier on Manhattan and a continuous belt of winter sea ice extending south to Cape Hatteras. The History of Climate provides context of our current climate debate and fundamental insight how the climate works. Dr. Daniel Britt is a Professor of Astronomy and Planetary Sciences at the Department of Physics, University of Central Florida. He was educated at the University of Washington and Brown University, receiving a Ph.D. from Brown in 1991. He has had a varied career including service in the US Air Force as an ICBM missile launch officer and an economist for Boeing before going into planetary sciences. He has served on the science teams of two NASA missions, Mars Pathfinder and Deep Space 1. He was the project manager for the camera on Mars Pathfinder and has built hardware for all the NASA Mars landers. Britt currently does research on the physical properties and mineralogy of asteroids, comets, the Moon, and Mars under several NASA grants. Honors include 5 NASA Achievement Awards, election as a Fellow of the Meteoritical Society, and an asteroid named after him; 4395 Dan Britt. He is currently President of the Division for Planetary Sciences of the American Astronomical Society. He lives in Orlando with his wife Judith. They have two sons, ages 16 and 21.

X-37B – What is it doing up there?


Published on Sep 1, 2017

SUBSCRIBE 94K
US top secret space plane has been launched into orbit several times, and remains there for over a year, what is it up to? If you’d like to help support me continue to create videos, you can do so here… Patreon (Monthly) – https://www.patreon.com/CovertCabal PayPayl (One Time Donations) – https://www.paypal.me/covertcabal Discord – https://discord.gg/E7p2Z2X