November Jobs Report Massively Misses Expectations, 210k Added vs 535k Anticipated, Financial Media Confused


Posted originally on the conservative tree house on December 3, 2021 | Sundance | 153 Comments

The financial punditry class are befuddled, confused and perplexed. The Bureau of Labor and Statistics released the November jobs report [data here] showing a six figure miss from expectations.  Economists were expecting around 535,000 additional jobs; however, the U.S. added only 210,000 jobs according to the new data.

The situation itself is not that difficult to understand when you look at Main Street.  However, so many of the professional punditry class are confused because they only focus on the Wall Street economy, their only prism of reference for the last several decades.

Americans are preparing, cutting back and hunkering down from the Hurricane that is Joe Biden’s inflation.

Inside the jobs numbers, you will note the areas where consumer spending contraction first hits: retail, luxury, leisure and hospitality, is the area where November employment was flat or jobs were lost.   DUH!

The ‘retail sector‘ lost 20,000 jobs in November.  Think about that.  What usually happens in November?  People are hired to handle holiday seasonal shopping…. but they weren’t… why not?  The professional economic punditry cannot figure it out, so they avoid those questions entirely.  Those questions hold the key to unlocking the understanding.  Does the “pretending not to know things” ring familiar?

The damn jobs report is simply reflecting how Main Street USA workers, consumers, spenders and survivors live when gasoline, energy and food costs necessarily skyrocket.  The November employment results are a reflection of the blue collar prepper mindset.  This is not hard to figure out.   As long as inflation continues to hit items that cannot be avoided, at a level that is two to five times the rate of wage growth, decisions are made that are based on checkbook economics.

The cognitive dissonance is quite remarkable look:

(Via MSM) –  The employment situation last month wasn’t what experts expected.   There were only 210,000 nonfarm payroll jobs added in November, coming in below the median estimate of 550,000 from economists surveyed by Bloomberg. This comes after October’s gain of over half a million, at 546,000.

Employment in leisure and hospitality was struck hard by the pandemic, and has been slowly making its way back. The industry still has a lot of ground to make up; it’s 1.3 million below pre-pandemic employment, as hiring dramatically slowed last month.

After two months of job gains of over 100,000, leisure and hospitality saw a gain of just 23,000. Instead, leading the way in November’s gains was the professional and business services industry, with 90,000 jobs. 

The pandemic may continue to play a role in hiring in the leisure and hospitality industry, according to Daniel Zhao, a senior economist at Glassdoor.

“I think what’s going on here is that the Delta wave is lingering. Even though there has been improvement in the public health situation, cases are still elevated — if not rebounding,” Zhao said. “That has a disproportionate impact on COVID-sensitive industries like leisure and hospitality and retail.”   But it could also be that people don’t want to work in such a low-wage industry. (read more)

They’re still blaming COVID, as if the virus is the explanation to justify all of Joe Biden’s massively failing policies.

Inflation is being fueled by legislative spending, monetary policy, fiscal policy, economic policy and Build Back Better.  Inflation is the unavoidable Hurricane bearing down upon us…..

The American middle class worker is prepping, boarding up the windows, bringing in their family, preparing to survive this storm and hunkering down.  It really is that simple.

I hope that metaphor helps explain the November jobs report.

Canadian SOLIDARITY movement announced


Posted originally on BITCHUTE By Pastor Artur Pawowski at 13:00 UTC on December 3rd, 2021.

Rising COVID Cases Among Vaccinated


Armstrong Economics Blog/Disease Re-Posted Dec 3, 2021 by Martin Armstrong

Reports of fully vaccinated individuals contracting COVID are on the rise. Cases are appearing worldwide, but let’s take a look at Australia as they currently have some of the strictest COVID restrictions in the world. A gym in Sydney only permitted fully vaccinated patrons but was stunned when 15 people fell ill with the virus. The owner said he went “above and beyond” to follow the harsh COVID guidelines, and he had only reopened in October after the government forced gyms to close. In Melbourne, 11 people contracted COVID at a restaurant that also only permitted fully vaccinated patrons. The government will likely vilify small businesses with investigations and fines rather than admitting that the vaccine is ineffective.

The Australian government can and will track down anyone who came into contact with the “diseased” and force them to self-isolate regardless of vaccination status. Reuters reported that fully vaccinated Australians must quarantine for 72 hours upon entering their country due to omicron. Plans to allow skilled migrants to enter the country have halted, and the government seems prepared to ruin its economy by implementing additional restrictions for a virus that can never be eradicated. It almost makes sense as to why Australia continues to invest in their quarantine camps — they know the vaccines do not prevent transmission.

Pelosi: Rules for Thee but Not for Me


Armstrong Economics Blog/Corruption Re-Posted Dec 3, 2021 by Martin Armstrong

Rules for thee, but not for me! Nancy Pelosi, who wants to muzzle everyone, was spotted at a public event hosted by the California State Society without a mask. All children over the age of 2 were forced to wear masks, but the law did not apply to Pelosi. In fact, she was seen giving children fist bumps instead of handshakes while standing inches away from them. These politicians truly think we are dumb. Pelosi’s barefaced appearance comes just days after President Biden requested the public begin wearing masks again due to the omicron variant. “Sooner or later we are going to see cases of this new variant here in the United States,” Biden said days before omicron was detected in America. “Please wear your mask when you’re indoors, in public settings around other people.”

Pelosi knows the rules she helps to impose on others do not apply to her. She enjoys wearing masks on the House floor that match her pantsuits but has been seen disobeying mandates numerous times. Last year, after the state of California closed down all salons, Pelosi visited one without a mask to style her hair. “It was a slap in the face that she went in, you know, that she feels that she can just go and get her stuff done while no one else can go in, and I can’t work,” the salon owner told reporters. “We have been shut down for so long, not just me, but most of the small businesses and I just can’t – it’s a feeling – a feeling of being deflated, helpless, and honestly, beaten down,” she continued. Pelosi’s people responded by saying the salon had a special permit and rules that only applied to one individual in the entire state.

If Pelosi believed that masks would prevent her from contracting the virus, she would wear one. She is 81-years-old and in a high-risk demographic. Anyone who calls others “anti-mask” or “anti-vax” does not understand that the people imposing these restrictions do not believe in what they are selling.

Germany Implements Full Lockdown for the Unvaccinated


Armstrong Economics Blog/Germany Re-Posted Dec 3, 2021 by Martin Armstrong

Germany has effectively banished unvaccinated people from participating in society. On Thursday, Führer Merkel announced that unvaccinated people must shield themselves from the world and may only leave for food or medicine. Merkel’s successor Olaf Scholz has said that he will push to enforce a mandatory vaccine requirement, which could go into effect as early as February. Even those who did receive the vaccine will fall into the shunned “unvaccinated” category nine months after receiving their last vaccine. Merkel and Scholz are encouraging everyone to begin lining up for their booster shots now. There are also plans to implement harsher COVID restrictions on the entire country regardless of vaccination status.

A few people were able to change millions of lives in the blink of an eye. The war on freedom that began in March of 2020 has continued and the governments are winning.

DC Democrats Claim Victory Over Inflation With Temporary Two Cent Drop in Gasoline Prices – Their Emphasis Explains Why They Need Omicron


Posted originally on the Conservative tree house on December 2, 2021 | Sundance | 116 Comments

If you were still on the fence about Omicron being created/used specifically because the people behind Biden were worried about gas prices {Go Deep}, you can quit the straddle.

Energy inflation overall, and gasoline inflation specifically, is the Build Back Better communists’ Achilles heel.  The Biden administration is ideologically committed to climate change policy and as a result they have no supply-side tools to stop gasoline prices from necessarily skyrocketing.  They desperately need the fear of Omicron to shut down the demand side.

Ten days ago the communists said they were releasing 55 million barrels of oil from the strategic petroleum reserve {Go Deep}, approximately a three day supply of oil given the current level of demand.  Today the Democrat Congressional Campaign Committee (DCCC) laughably claim victory over a two cent drop in gasoline price.  Worse still is the gaslighting graph they use to show a downward trajectory on price:

The Y-axis is in increments of half a cent.  The X-axis is showing six days of impact.

Yes, gasoline fell from $3.39/gal to $3.38/gal in the six days after the strategic petroleum reserve release.  We are spared a single penny per gallon in gas price.

Even the leftist media recognize this type of propaganda only makes Democrats look more stupid. A longer review of the Joe Biden price for Gasoline puts that six day Democrat graph into perspective:

Knuckleheads….

All communists are knuckleheads.

That said, what this insufferable effort highlights is how much emphasis the Democrats are putting toward trying desperately to get away from the problem of inflation.

All of Biden energy policy, and all of Biden’s spending around the Build Back Better agenda, is designed to take us from where we are now into some distant place where fossil fuels are not the energy mechanism; that’s the Green New Deal component of this.  However, there is no policy for their transition – they stopped all current energy policy around oil and coal.

Biden halted pipelines, cancelled oil and gas leases, blocked expanded refinery capacity and regulated the entire U.S. oil industry into a place of diminished capacity.  That is why energy prices have, as Obama promised,  “necessarily skyrocketed.”  And, we ain’t seen nothing yet.  Depending on how cold it is this winter, you can expect natural gas and home heating oil to double in the next few months.

The near horizon looks pretty clear.  Gasoline will keep rising fast and will cost $6 to $7/gal before next spring.   There is no way under current Joe Biden policy to avoid this, unless he was to completely abandon his energy policy; that’s not likely.  The climate change ideologues, academics and far-left communists behind the Biden policy are not likely to see the catastrophic economic damage as a bad thing, instead they will likely say it’s the new normal.

With that level of supply side economic chaos seemingly unavoidable, the only way for Biden to try and mitigate political damage is an attempt to halt the demand side.  That’s why the administration needs Omicron.

It is more important for our government to use Omicron than all other governments because we are the spending and ideological center. That is why we are seeing a much bigger emphasis upon the fear of Omicron by our government; and that is why the descending levels of variant emphasis/fear fall in line depending on how closely other nations are aligned as allies.

Meanwhile… China, Iran and Russia (adversaries on an ideological level) know what is happening, and to the extent they can drive U.S. inflation even higher, they will.  Our adversaries know how to use Biden’s policy to make massive inflation hurt the U.S. disproportionately. This is why OPEC is giving Biden the middle finger on his ‘request’ to increase oil production, and this is why China is now triggering shipping quarantines. (more)

Again, as repeated previously, our window to prepare for a massive jump in inflation is slowly closing.  We are down to around 60 days, and then things will get really ugly.  The people behind Joe Biden know this.  Omicron is a tool they are attempting to use to moderate the speed of impact within the inflation window.

Press We Can – Lee Smith’s Seminal Outline of the Media Role in Creating the Trump-Russia Conspiracy Theory


Posted originally on the conservative tree house December 2, 2021 | Sundance | 70 Comments

Author and journalist Lee Smith pens a seminal outline showcasing the media’s role in creating the Trump-Russia conspiracy theory:

“A comparison of the media’s role in the two biggest political scandals of the past half-century is worth the time of anyone who cares about what the next decade or so of American public life is going to look and sound like.”….

READ HERE

Cleveland Clinic Healthcare System Suspends Vaccine Mandate


Posted originally on the conservative tree house on December 2, 2021 | Sundance | 217 Comments

Another big win.  Citing the recent federal court injunctions, the Cleveland Clinic has now suspended the vaccine mandate for its employees {Citation}.

PRESS RELEASE – A federal court recently issued a preliminary injunction, temporarily blocking enforcement of the COVID-19 vaccine federal mandate by the Centers for Medicare & Medicaid Services (CMS). That rule is now on hold.

In light of these developments, we are pausing the implementation of our COVID-19 vaccine policy, which required all employees and those who provide services with us to either receive the COVID-19 vaccine or an approved exemption with accommodations. (more)

One Day After Biden Says No Shortages Except Cabbage Patch Dolls, NBC Reports on a National Shortage of Chicken


Posted originally on the conservative tree house on December 2, 2021 | Sundance | 338 Comments

Yesterday the White House occupant equivocated any current supply chain shortages to the 1980’s Christmas shortage of Cabbage Patch dolls {link}.  According to the White House narrative there are no shortages of essential products other than a few hard to find non-essential toys.

Obviously, that level of executive office propaganda is intended to gaslight a national audience into questioning themselves when they see shortages of highly consumable products like pet food and grocery store items.  Unfortunately for the White House the supply chain issues are of such widespread frequency even the allied narrative engineers cannot ignore them.   NBC reported that chicken tenders are “in short supply” at stores and restaurants as President Joe Biden’s supply chain crisis persists, during a segment on NBC’s “Today”  on 12/2/2021.

Strange how there’s no shortage of Marijuana in the supply chain…. And no, you are not crazy if you notice these things.

Biden Announces COVID Treatment Plan That Mirrors Action Plan of Governor Ron DeSantis


Posted originally on the conservative tree house on December 2, 2021 | Sundance | 221 Comments

Earlier today, the White House occupant read a new script put into his teleprompter.  The purpose of the script is to outline a new set of federal actions to combat COVID-19 [WH Readout Here].  Within the script prepared for him, the authors noted a new treatment approach that is identical to the COVID mitigation plan put into place by Florida Governor Ron DeSantis.

Biden is proposing federal rapid response teams to set up regional sites where monoclonal antibody treatments can be delivered by outpatient staff.  The quick response teams and regional monoclonal antibody treatment sites have been in place in Florida for almost eight months.  During his script reading, the White House occupant did not want to give credit to the DeSantis approach, but the federal mitigation protocol is identical.  WATCH:

Not noted in the White House outline, but noted in the background phone call yesterday {link}, there is a slightly revealing new bribery policy to actually pay physicians to push vaccines into children through the use of Medicaid and CHIP funds:  “Medicaid and CHIP — the Children’s Health Insurance Program — will start paying healthcare providers to talk to families about the importance of getting their kids vaccinated.”  {link}

The federal government really wants kids to get the jabs, and HHS is now willing to pay doctors for the specific time they spend pushing the propaganda.  This is anecdotal, but when inquires were made about this approach to people familiar with the bureaucracy of the medicaid program, one explanation for the federal push on children was explained this way.   There are immediate adverse outcomes from the vaccine for a high number of specific age-groups.  The risk within the aggregate adverse outcome statistic can be mitigated (ie lowered) by expanding the total number of vaccinations using age groups with less likelihood of immediate adverse outcomes.