Category BIDENomics

Jan 18 2023

Journalists don’t want to defend Biden because his policies have been disastrous: Sen. Ron Johnson


Wisconsin Sen. Ron Johnson calls out the Biden Family’s alleged corruption on ‘Hannity.’

Jan 18 2023

Nunes: Vice Presidents don’t get to take classified documents home


Truth Social CEO Devin Nunes discusses the ramifications of President Joe Biden’s ongoing Garage Gate scandal on ‘Spicer & Co.,’ January 16, 2023.

IMPEACH THE ENTIRE INSTALLED OBAMA’s THIRD TERM ADMINISTRATION

Jan 18 2023

Subsidy Wars – EU Promises to Match Joe Biden Green New Deal Subsidies with Even Bigger Govt Spending


Posted originally on the CTH on January 17, 2023 | sundance 

The European Union is hopping mad that Joe Biden was able to pass the “Green New Deal” (aka Inflation Reduction Act) and generate hundreds of billions in government subsidies for climate friendly initiatives.   Essentially, this is an economic war over who can do socialism better.

Fearing the EU may lose their green position, the European Union is now promising to fight back by spending even more, bigger, sums of taxpayer funds to subsidize their green ‘climate change’ energy economy.

If Biden plans to transfer hundreds of billions to corporations as structural enhancements for permanent energy changes, the EU will meet or beat that subsidy scheme. So sayeth, EU Commission President Ursula von der Leyen.

(Via Reuters) – The European Union responded on Tuesday to U.S. moves to boost its energy transition with its own plans to make life easier for green industry, saying it would mobilize state aid and a sovereignty fund to keep firms from moving to the United States.

European Commission head Ursula von der Leyen told the World Economic Forum (WEF) annual meeting in Davos that the moves would be part of the EU’s Green Deal industrial plan to make Europe a centre for clean technology and innovation.

“The aim will be to focus investment on strategic projects along the entire supply chain. We will especially look at how to simplify and fast-track permitting for new clean tech production sites,” she said in a speech at the meeting.

“To keep European industry attractive, there is a need to be competitive with the offers and incentives that are currently available outside the EU,” von der Leyen added.

Earlier, International Energy Agency (IEA) executive director Fatih Birol told a WEF panel that energy security was now the biggest driver of climate investment.

Birol said the U.S. Inflation Reduction Act (IRA), which was signed by President Joe Biden last year, would drive investment into cleaner energy and represented the most important climate deal since the landmark 2015 Paris Agreement.

This view was echoed by Larry Fink, chief executive of the world’s biggest asset manager BlackRock, who told an event on the sidelines of the WEF meeting that moves by the U.S. government to finance a faster shift in the world’s biggest economy, through the IRA was a “game changer”. (read more)

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Carbon trading…. digital currencies… taxation on carbon footprints…. limits on what will be permitted for purchasing…. It’s all coming together swimmingly.

Jan 18 2023

Manipulated Economic News on Inflation – Prepare for Bad Corporate Earnings Reports as a Result of Poor Holiday Sales


Posted originally on the CTH on January 17, 2023 | sundance 

There has always been a general shaping and interpretation surrounding economic news, specifically as it relates to the impact of pricing on consumers and corporations. However, against the backdrop of supply side inflation, the financial gaslighting from the Wall Street Journal stands out at the top.

Without pretending, and looking directly at the Main Street reality, CTH has outlined inflation as a matter of monetary and energy policy.  From that standpoint the timing and scale of price increases (inflation measured over time) was predictable.  Our current status is an inflationary plateau, where prices remain high but stabilize for likely two quarters.

What the Wall Street Journal outlines as a “shopper rebellion against high prices” is complete hogwash.  Notice in the construct of the narrative, the demand side (consumers) is identified as the cause of diminished revenue & profits for corporations.  They continue pretending that inflation was not driven by energy costs.

(WSJ) – […] Many companies raised their prices substantially last year to offset higher fuel costs and higher prices for ingredients, parts and labor. As fuel prices have dropped and pandemic supply-chain snarls have eased, some of those costs have come down.

That is a good sign for the economy. It suggests that some inflation in the past year resulted from extreme supply-demand imbalances brought on by the pandemic and the war in Ukraine and which are now fading.

Notice the transparent lack of mentioning ‘energy policy’ as the inflation driver.

[…] The study, by economists at the Federal Reserve Bank of Kansas City, found that higher markups—the gap between what a firm charges and what it costs to produce an item—were a major driver of inflation in 2021.

They concluded that companies in some cases were raising prices in 2021 in anticipation of future cost pressures, rather than because of market power or outsize demand. Andrew Glover, a senior economist at the Federal Reserve Bank of Kansas City who was involved in the study, doesn’t expect prices to fall this year, he said, but he anticipates that the pace of increase will continue to slow.

Inflation is the rate of increase over time. We have experienced two years of massive price increases. Yes, the rate of those increases will moderate, this is the plateau, but the price will never drop. The current prices are a direct result of fixed energy policy.

[…] Unit sales of food and beverages fell 3% last year, but on a dollar basis they rose 10%. That showed consumers were willing to pay higher prices for groceries but bought fewer items.

[…] “People need to eat,” said Krishnakumar Davey, a president at IRI. Shoppers are nonetheless buying less when possible and, in many cases, buying less expensive versions of necessities such as toilet paper and laundry detergent.  (read more)

Meanwhile the Fed is worried that wages will be forced to increase.  Here is the real worry for the Wall Street Journal, “If consumers believe high prices will persist, they could seek bigger raises, and businesses, seeing higher labor costs, could continue raising prices.”  Yes, workers, forward inflation is your fault.

Government policy drives up prices, but workers needing wage increases to pay for those higher prices… well, that is not acceptable to the government, comrade proles.

Jan 17 2023

White House Says No Visitor Logs Available for Biden’s Classified Document Stash House


Posted originally on the CTH on January 16, 2023 | sundance 

According to the White House, there are no visitor logs for the Biden stash house in Wilmington, Delaware where three sets of classified documents were discovered.

The Delaware residence is considered Biden’s private residence and no logs of visitors are maintained.

WASHINGTON (Reuters) -No visitor logs exist for President Joe Biden’s home in Wilmington, Delaware, where classified documents from his vice presidential days were found, as it is a private residence, the White House Counsel and Secret Service said on Monday.

“Like every President across decades of modern history, his personal residence is personal,” the White House Counsel’s office said in a statement.

The Secret Service, which is tasked with protecting current and past presidents and their families, does not “independently maintain our own visitor logs because it’s a private residence,” agency spokesman Anthony Guglielmi said.

The Republican chairman of the House of Representatives Oversight Committee, James Comer, on Sunday demanded visitor logs for Democrat Biden’s house in Wilmington after classified documents were found in his office and garage there. (read more)

https://youtube.com/watch?v=Z4k0aavxUlw%3Ffeature%3Doembed
Jan 16 2023

Posner on NATO v Russia


Armstrong Economics Blog/Russia Re-Posted Jan 16, 2023 by Martin Armstrong

Jan 16 2023

Sunday Talks, Former DNI John Ratcliffe Gives Perspective on Biden Classified Document Issue


Posted originally on the CTH on January 15, 2023 | sundance

Former Director of National Intelligence John Ratcliffe appeared on Fox News to discuss his perspective on the classified document scandal now making headlines.

Within his remarks, Ratcliffe gives perspective to the issue of classified documents and then contrasts the issue against the previous DOJ position against former President Donald Trump.  However, in the bigger picture the perspective is somewhat askew.

As we have noted from the outset of the Biden term, the installation always appeared to be a ‘one-term’ strategy. Meaning the people behind the installation were using Biden as a single term disposable front man to advance a rapid set of ideological policies.  The controversy of the classified documents facilitates the one term design.

With that approach in mind, the issue of contrast between the Biden documents and the Trump documents is a moot point.  What is done, or not done, regarding Joe Biden has no bearing on the roadmap of continued Trump targeting.  Biden is and was always disposable.  WATCH:

https://youtube.com/watch?v=hSGF6yjJJjc%3Ffeature%3Doembed

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Remove the pretending and what you discover is a replay of DC political manipulation and the continuation of the two-party system around the illusion of choice.  The DNC wing is heading toward Gavin Newsom ’24, while the RNC wing is headed toward Ron DeSantis ’24.   Essentially a replay of 2016’s Hillary vs Jeb.

The UniParty vulture is predictable.   The RNC wing cares about money. The DNC wing cares about ideological power.

Jan 15 2023

Biden & His Declassified Documents


Armstrong Economics Blog/Politics Re-Posted Jan 14, 2023 by Martin Armstrong

There is something really rotten in the real land of Oz – Washington DC, There is absolutely NO WAY suddenly Democrats would reveal that they have found classified documents in Biden’s various locations. They have manipulated the press to hide the Hunter Laptop and these documents all before the elections. They stormed Trump’s house as they have NEVER done in the history of this nation no matter how heated the politics have been.  It is even debatable if that would hold up at the Supreme Court level. But all of this is curious at best, but there is something far more sinister behind the curtain.

Revealing that Biden had classified documents and now the Attorney General had to appoint a special prosecutor, there is no way they can indict Trump on that theory without indicting Biden. But all of that seems to be just the misdirection. Biden’s mental capabilities are failing and to pull off World War III, they may be using this ploy that compels him to resign and at the same time tar & feather Trump for 2024. They need someone who is not the brightest bulb in the box but who will just read the prepared speeches on cue – i.e. Harris!

Something just DOES NOT SMELL right with this entire affair. With the Republicans now in charge of the House, that is where the investigations start. The computer had warned if you recall, that there was a risk that the president during this wave would not complete a term. It turned out that the precise day of 2022.966 was December 19th, the very day that the January 6th Committee recommended criminal charges for Trump. There are people in DC who respect our model. They know that indicting Trump will seriously divide the country and result in rising civil unrest. On top of that, with the Republicans now launching an investigation of the Democratic investigations, they need a diversion.

Harris sought the 2020 Democratic presidential nomination but withdrew from the race prior to the primaries. Joe Biden selected her as his running mate approved by Soros, and their ticket went on to defeat the incumbent president, Donald Trump, and his vice president, Mike Pence, in the 2020 election. Harris’ ECM chart interestingly lined up for 2020. But it also lines up with 2025 when the sky looks very dark geopolitically. They may be preparing to eat Biden for lunch to further knock Trump for 2024. But also because they seem to hope that removing him from the office will take the steam out of the Republicans to impeach Biden over Hunter’s Laptop etc., anyway! Use the declassified docs and kill two birds with one stone – Trump & Biden.

Jan 15 2023

Well, Lookie There, Another Batch of Biden Classified Documents Found and Announced Today


Posted originally on the CTH on January 14, 2023 | Sundance 

Back in the Wilmington, Delaware, stash house where Hunter Biden used to bring his hookers and dope dealing friends; what is also described as the home of Joe Biden, where the alarm system was so dysfunctional the Secret Service apparently turned it off; according to the Biden lawyers today, they have found a fourth set of classified documents.

This brings the total in the Delaware stash house to three sets.  One batch in the garage, next to the corvette; another set in an adjacent room; and apparently in yet a third location in the same home where needles, bongs and useful heroine tools were customary tableware, they have found more.

Go figure.

Wall Street Journal – Additional pages marked as classified were found at President Biden’s Wilmington, Del., residence and have been given to the Justice Department, the White House counsel said Saturday, the latest revelation over the handling of classified information that has emerged this week.

The documents were discovered after Mr. Biden’s attorneys said earlier that some classified material, likely dating from his time as vice president, had been found in his garage at the residence in December.

One document marked as classified also was found at his residence earlier this week, the White House had said. In addition, documents marked as classified were found at his office at a Washington think tank in November.

In a statement Saturday, Richard Sauber, special counsel to the president, said he accompanied Justice Department officials to Wilmington on Thursday to retrieve the initial document from the residence—and during that process “five additional pages with classification markings” were found among the material, bringing the total to six pages discovered this week.

All material was immediately taken into possession by the Justice Department, Mr. Sauber said. The Justice Department declined to comment Saturday. (read more)

It sure seems odd that the FBI were tasked with investigating everything back on November 9, 2022, according to AG Merrick Garland; yet here we are two months later, and it is not the FBI finding these documents, it’s Biden’s legal housekeeping crew.  Odd that.

[SOURCES: DOJ Video Here – AG Garland Transcript Here – AG Press Release Here]

The timeline as described by AG Merrick Garland:

♦ Nov 4, 2022 – National Archives notifies DOJ of classified documents located at Penn-Biden Center
♦ Nov 9, 2022 – Garland instructs FBI to conduct assessment of classified documents and investigate
♦ Nov 14, 2022 – Garland instructs USAO Laush to conduct investigation of events and documents
♦ Dec 20, 2022 – Biden Lawyers tell USAO Laush of additional classified documents in Delaware
♦ Jan 5, 2023 – USAO Lausch briefs AG Garland and recommends a special counsel be appointed
♦ Jan 12, 2023 – Biden Lawyers inform Lausch/Garland additional documents found in Delaware
♦ Jan 12, 2023 – Garland appoints Special Counsel Robert Hur

If the FBI began investigating on November 9th, and USAO Lausch began investigating on November 14th, then why was it Joe Biden lawyers informing Laush of additional classified documents found in Delaware on December 20th and again on January 12th?   Why did the FBI and Lausch not find them?

Why are Joe Biden Lawyers informing the DOJ about the second, third and now fourth batch of classified documents?

Where the heck is the FBI?

Yeah, rhetorical, I know….

Jan 14 2023

Interview: Martin Armstrong on 32% Inflation


Armstrong Economics Blog/Armstrong in the Media Re-Posted Jan 14, 2023 by Martin Armstrong

https://youtube.com/watch?v=a_v5fkb4J9o%3Ffeature%3Doembed