Joe Biden Claims Current Gas Prices Lower Than When He Took Office, States Falsely Gas Was Over $5/Gal When He Was Inaugurated


Posted originally on the conservative tree house on October 27, 2022 | sundance 

Will big tech and social media remove Joe Biden for violations of misinformation, disinformation and malinformation?  Considering his remarks today, they should.

Reading from a teleprompter loaded with lies about the economy, Joe Biden stunningly states that gas prices are lower today than when he took office. Further claiming that gasoline was $5/gal.  {Direct Rumble Link} Nothing about any of his economic claims is true.  WATCH (1 min):

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Allowing people to return to work after the pandemic lockdowns is not “creating jobs.”  And gasoline was not $5/gal when Joe Biden took office.

Whistleblower Releases Internal FBI Guidance Document Highlighting Disinformation as an Election Crime


Posted originally on the conservative tree house on October 27, 2022 | sundance

The dissidents at Project Veritas have received leaked whistleblower information from the FBI highlighting a guidance document that puts “disinformation” into the category of an “election crime.” [Source Article Here]   According to the internal guidance, sharing “false or inaccurate information intended to mislead others” may lead the FBI to charge people with election crimes.

[WASHINGTON, D.C. – Oct. 27, 2022] Project Veritas published a newly leaked document today provided by an FBI whistleblower.

The document details how the Bureau will tackle what they consider to be “election crimes.”

It lists “misinformation” as a potential election crime, describing it as “false or misleading information spread mistakenly or unintentionally.”

The document also lists “disinformation” as a potential election crime, describing it as “false or inaccurate information intended to mislead others.”

It continues, “Disinformation campaigns on social media are used to deliberately confuse, trick, or upset the public.”

These categories could raise questions about who gets to determine what is “misinformation” and/or “disinformation.” (read more)

Now you know why I continue to say there is no such thing as “disinformation”, “misinformation” or “malinformation”, there is only information.  Once we allow a superseding system within government to start defining ‘information’, we open ourselves to control over thoughts and speech.

Comrades, you were not born with a brain that requires you to believe everything you read or see.  You were born with a brain allowing you to absorb information and make independent decisions as to the validity of it, truthfulness or lies.  Do not abdicate your thinking of responsibility for discernment to anyone – especially the government.

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U.S. GDP Grows 2.6% in Third Quarter Driven by Energy Exports and Declining Goods Imports, While Domestic Economy Shrinks


Posted originally on the conservative tree house on October 27, 2022 | sundance

The topline of a third-quarter GDP at +2.6% looks good [DATA HERE]. However, a look into the numbers shows alarm.  The domestic U.S. economy, as measured by Main Street creating goods and services for domestic consumption, contracted in the third quarter.

The Gross Domestic Product (GDP) calculation is a valuation of all goods and services created within the economy, minus the value of goods and services imported.  However, even a cursory look under the topline number shows how the import/export dynamic creates the illusion of economic growth.

In the third quarter we exported hundreds of billions worth of energy products, including massive liquified natural gas (LNG) sales to Europe, and oil sales to the global market from the strategic petroleum reserve.  We also sold billions in weapons to Europe. Those sales are calculated as exports, lifting the GDP number (Table 1).  At the same time, imports of durable goods into the United States collapsed; meaning less was deducted from the GDP.  The net import/export impact on the GDP dynamic was +2.77% (Table 2).

Meaning the third-quarter import/export dynamic alone contributed 2.7% growth to the percentage of change for the prior period.  However, the total GDP only rose 2.6%, because the actual economic value created domestically got smaller.  We made less internally, sold less internally and consumers purchased less internally.

You can see the import/export dynamic in whole dollars within Table 1:

TABLE 1 – We exported 17.2% more goods in the third quarter than in the second quarter (that’s mostly energy sales and food sales to the global market).  We imported 8.7% less goods in the third quarter than the second quarter.  That’s mostly the drop in companies ordering products from overseas for sales in the United States.  Companies imported less because inventories climbed as consumers stopped purchasing durable goods and non-essentials.

Table – 2 (modified for clarity) shows us the impact or contribution from the import/export dynamic:

In Table-2 you can see the net impact of higher exports and lower imports lifted the GDP by 2.77%.  However, the total GDP only gained 2.6% due to the other dynamics inside the economy slowing down.  The import/export dynamic alone was enough to explain the entire gain in Q3 GDP and is a function of US support of the European war economy as the US exports record number of commodities (oil and gas), as well as Joe Biden’s massive multi-billion weapon sales to Europe.

The Biden administration will use the +2.6% GDP number to claim the U.S. “recession” never existed, despite two previously negative quarters.  However, while technically the talking point may be true, the domestic U.S. economy (Main Street) is making less stuff and consumers are buying less stuff.

The savings rate is also declining.  BLS: “Personal saving was $626.1 billion in the third quarter, compared with $629.0 billion in the second quarter. The personal saving rate—personal saving as a percentage of disposable personal income—was 3.3 percent in the third quarter, compared with 3.4 percent in the second quarter.”  American households are saving less because essential purchases like housing, rent, food, fuel and energy, are costing much more.

When households evaluate their checkbooks, a Biden administration claim of a growing economy falls flat – because the only part of the economy that is growing is the part that fuels the energy needs of Europe.  Main Street USA is suffering through the massive inflation that Joe Biden has created, and purchases of anything other than necessities have come to a near halt.

Davos in the Desert


Armstrong Economics Blog/World Trade Re-Posted Oct 27, 2022 by Martin Armstrong

Some of the biggest players have gathered in Riyadh, Saudi Arabia, for the annual Future Investment Initiative (FII). The conference is often referred to as “Davos in the Desert,” as they are competing with the World Economic Forum to be the largest economic conference of the year. Washington’s relationship with Saudi Arabia is at a standstill, but that is not preventing Wall Street’s chief names from attending.

“American companies will make their own decisions about their presence and where to invest, taking into account a range of factors including legal constraints, the business environment, and reputational concerns that can arise from public policy choices made by host countries,” said Karine Jean-Pierre, the White House press secretary.

Former Treasury Secretary Mnuchin and Trump’s son-in-law Jared Kushner, who both run private funds backed by the Saudis, were in attendance. JPMorgan’s Jamie Dimon and Goldman’s David Solomon spoke at the event along with Blackstone’s Stephen Schwarzman and investor Ray Dalio. FTX CEO Sam Bankman-Fried also spoke at the event. No one associated with the Biden Administration was in attendance as Washington is re-evaluating its relationship with Saudi Arabia.

Saudi Arabia’s economy is rapidly growing. The event is Prince Mohammed’s opportunity to show that the kingdom is ready to be seen as a financial powerhouse beyond its energy sector. The private sector is making it known that they are willing to invest in Saudi Arabia despite Washington’s reluctance.

Fetterman v Oz – Another Case Against Mail-In Voting


Armstrong Economics Blog/Corruption Re-Posted Oct 27, 2022 by Martin Armstrong

The Pennsylvania Senate debate between John Fetterman and Mehmet Oz was a complete disaster for Fetterman. I think everyone felt secondhand embarrassment for John. Fetterman seemed incoherent for most of the debate. He struggled to form logical sentences or stay on topic.

His team is now in the midst of damage control. They claim that he was brave for speaking weeks after his stroke and that the closed captions provided were altered. “We are thrilled with John’s performance. He did remarkably well tonight – especially when you consider that he’s still recovering from a stroke and was working off of delayed captions filled with errors,” Fetterman’s team managed to say. The doctor who gave Fetterman the OK after his stroke also happens to be one of his campaign donors. Clearly, he was not healthy enough to be on that stage.

Some people would have voted for Fetterman even if he were in a coma simply because he is not a Republican. Others, however, are shocked at the candidate’s mental state. The problem is that close to a million people have already voted in Pennsylvania through mail-in ballots. There may be some sensible people left who are now regretting their vote after seeing his performance on Tuesday night.

Mail-in ballots are not tracked through the mail and open the door to fraud (see: 2020 US Presidential Election). Fraud aside, people did not have a full scope of knowledge before they voted. It would be akin to allowing students to take their final exams during the first few weeks of class.

Pfizer Price Hike


Armstrong Economics Blog/Corruption Re-Posted Oct 27, 2022 by Martin Armstrong

Our computer indicated that Pfizer was heading down. They’ve already convinced or coerced everyone eligible to take the vaccines. Those who have held out are unlikely ever to accept the vaccine at this point. Only 5% of those eligible in the US received a booster shot as skepticism is rising. Numerous studies have revealed the hidden dangers of the vaccine. Transmission and infection are still possible with the vaccination, eliminating the intended purpose. A Pfizer representative recently admitted that they never even tested the potion for transmission. Worse, new studies determined that the vaccine produces a negative effect and makes people more susceptible to COVID. There is no medical basis for taking them.

Still, there are those who will line up to receive another booster. To compensate for the lack of willing participants, Pfizer announced plans to quadruple the price of its COVID vaccine. Pfizer will now charge around $110 to $130 per dose, and this comes at a cost to governments who are willingly paying to distribute the poison to the public. The US government helped Pfizer create the vaccine under Operation Warpspeed by providing them with billions in funding.

“We are confident that the U.S. price point of the COVID-19 vaccine reflects its overall cost effectiveness and ensures the price will not be a barrier for access for patients,” Pfizer executive Angela Lukin said. The US was previously paying around $30 per jab. Coincidentally, once the COVID emergency order ends, private insurance companies will be forced to pay the increased price for a faulty product. Lukin believes the private sector will not take over the bill until Q1 2023 “at the earliest.” It will be interesting to see if insurance companies are willing to eat the cost of the vaccine. More than likely, they will expect some incentive from doing so, or Pfizer and others will offer some rebate program funded by the government that continues to support this agenda.

Steve Mnuchin is Not Pretending, States U.S. Economy is Already in Recession


Posted originally on the conservative tree house on October 26, 2022 | Sundance

A lot of people didn’t like Steven Mnuchin as Treasury Secretary, I did.  Secretary Mnuchin was an inside player, a billionaire himself, who worked for the outside team.  He already had a full bank account and carried ‘f**k-off’ money.   That, combined with Wilbur Ross having the same ability, was exactly what we needed to execute the America-First MAGAnomic resurgence.

The U.S. middle-class saw and felt the benefits.  Economic security is national security, at a nationwide and even individual level.  Mnuchin, Ross and Lighthizer constructed that economic outcome guided by the larger strategy of President Donald J Trump.

RIYADH, Oct 26 (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would continue.

Speaking at Riyadh’s flagship investment conference FII, he said: “I think we’ll probably see a peak of 4.5% 10-year rates.”

“I think you are going to see inflation in the U.S. begin to come under control, it will probably be a two-year period,” he added.

He said the U.S. and China must learn to co-exist. He added that the Middle East’s economic issues need to be dealt with regionally. (link)