REMINDER: Inflation was at 1.4% When Biden Took Office


Armstrong Economics Blog/Inflation Re-Posted Apr 27, 2023 by Martin Armstrong

Inflation was only 1.4% when Biden took office. He began implementing policies on his first day that directly created the energy crisis in the US. He refused to reopen the economy under the pretense of COVID for as long as possible, disrupting the supply chain and damaging small businesses. Biden has created multi-trillion dollar spending programs that saddled the nation with more debt and increased price volatility. His team has been working to divide the people and create civil unrest. I could go on about his failures, but his worst move was involving America in the Russia-Ukraine war. Inflation has steadily risen to unsustainable levels nearly every month since Biden took office.

Biden’s team toys with the numbers to tout that inflation has gone down, but they are comparing the high and low both created under Biden. Wages cannot support the increase in costs and absolutely no one is better off under Biden. Considering the dire situation, it is infuriating that the US had a 1.4% inflation rate not long ago.

Inflation has soared by over 15% since Biden’s inauguration in January 2021. The “Presidential Inflation Rate,” (PIR) developed by the Winston Group, measures a president’s progress in handling inflation over time, from their inauguration month to the month of the most recent CPI report. As of March, inflation under Biden is 15%, which makes him the most inflationary president since Carter. Biden’s 24% “Presidential Inflation Rate” for rising electricity costs is higher than any of the previous seven presidents as it is now up 37.2%. The cost of food rose 18.3% under Biden, and eggs alone have soared by nearly 80%. Shelter costs are now at a 42-year high, and Biden’s PIR for rent has surpassed 13.5%.

Joe Biden takes no responsibility for the inflation caused by his policies and failures as a president. Inflation will continue to increase under Biden. He has absolutely no plans to address the issue, and the legislation he creates to address the problem only exacerbates it. Biden is a corrupt politician who lines his pockets with money from Ukraine and China. The investigation into his crime family that the media is sweeping under the rug reveals the truth. This man needs to be removed from office immediately, but the people alone must decide when they’ve had enough.

Neil Oliver, “What the Hell – We’re Rationing Tomatoes”…


Posted originally on the CTH on February 25, 2023 | Sundance 

With around 4,000 miles separation, two friends of the Treehouse, Neil Oliver and Lee Smith, essentially asked me the same question this week, “how do we stop this madness?

It should not be an option hearing this talk about the need to secede, fracture, isolate or form smaller defensive boundaries.  WE ARE IN THE MAJORITY, they just control the power structures and systems of communication. That’s why they spend so much time, effort and attention manipulating social media. My proposed solution is to draw from history, specifically from the Polish solidarity movement.  What we need is a general two-day workers strike, highlighting to the few that the many have had enough.

In his weekly monologue Neil Oliver takes the new issue of rationing vegetables in the U.K and overlays the surplus of lies that creates it.  Neil Oliver generally has exceptional insight and strong grasps on the obvious; however, this one is epic and one of his best. WATCH:

[Transcript] – They’re rationing tomatoes in the supermarkets. We’re told it’s about supply chains, bad weather and the price of heating, but right now, in terms of the messaging, I suspect it’s more about pushing the word – rationing. Less about any believable shortage of food and more about getting us used to hearing the word.

No doubt, if experience is anything to go by, the rest will come later. My money says the rationing app for our smartphones is already sitting on a hard drive somewhere, ready when we are.

For now, it’s more of a familiar process of psychological manipulation. Get us acquainted with the general idea of food scarcity so that we’re well-primed when the planned reality is unrolled.

We were given the same treatment with words like “lockdown” and “pandemic”, “mandate” and “denier”. Nudge, nudge. Rationing is a word from our parents’ and grandparents’ generation, a bit like “War in Europe” and “Fascist” and now they’re back in fashion once more. Rationing, I ask you, while the landfills swell with fresh food dumped every day.

The manipulation is invariably about an iron hand in a velvet glove, softly, softly catchy monkey. Much of the messaging in the MSM is, and has been for years, redolent of World War II and the fabled Blitz Spirit, “We’re all in it together”, “making do”, “mustn’t grumble”, “doing our bit”, “standing up for democracy”, “defending the free world”, “sacrifice”, “keep calm and carry on”. Someone somewhere must think our heads zip up the back.

Since I’ve mentioned the “D” word, which is democracy, why not pause for a moment to consider whether any of us has had a chance to vote, voting being that part of democracy we’re invited to think matters most, on any of this.

Do you remember ever voting to give the government the power to lock us in our homes, to shut our children’s schools, our pubs and restaurants, shops and businesses, to tell us whom we could visit or have in our homes, whether we could go for a walk, travel within our own country, far less beyond these shores? Do you remember voting to empower employers to mandate medical procedures for their staff?

And while we’re on the subject of propaganda, who thought to convince us it was ok to demonize and exclude healthy fellow citizens on the grounds they might be carrying an invisible disease?

If you don’t remember whether or not you were invited to get involved in a conversation or a debate about all of this, perhaps it’s because you were, quite understandably, distracted most of the time by the bombardment of state-sanctioned messaging by politicians and the MSM.

Or maybe you were just afraid of the guaranteed ridicule or losing your job.

It’s not just us here in the UK either. I wonder how many US citizens ask themselves when they voted to have their government send well over 100 billion dollars to Ukraine at a time of critical hardship for millions of Americans unable to afford food or heating.

Rather than ask questions, or, in the case of the tax-paying citizens of East Palestine, Ohio, liberally dusted as they are with fallout from a vinyl chloride mushroom cloud ignited with the go-ahead of their own elected officials after a train derailment, perhaps querying why their predicament is not the stuff of a national emergency while fish die in their rivers and their pet and animals die in the fields, they are apparently expected to be reassured by the sight of Joe Biden posing for photos thousands of miles away in Ukraine, while air raid sirens provide sound effects and President Zelensky turns out once more in his freshly laundered combats.

So many times over the past few years, I have thought to myself: “Who do these people think they are”, all of them, once elected to office, herding us towards World War, taking away our natural freedoms? Who do these people think they are that feel empowered to disregard our liberty, our very existence as independent individuals, and spend their time posturing and politicking? Fiddling while Rome burns.

Who do these people think they are blatantly creating and then ignoring hardship, enacting policies to wreck livelihoods, economies and the wellbeing of millions and then standing by while real people suffer the consequences of their vainglorious, self-serving nonsense disguised by propaganda shaped only to distract? And by God do they need to distract us.

Let’s stop for a moment and think what the reality of the situation is – the undeniable reality – which is that we already have the potential for more than enough food, energy and everything else, courtesy of existing technology, and therefore any alleged shortages in the West are only fraudulent fiction.

I said at the top we were being familiarized with rationing and making do. There’s a glaring paradox in all this. At the same time as being nudged into thinking we must do without we are simultaneously drowning in surplus of every sort.

We have centuries of affordable energy under our feet and yet we are bullied into a false reality in which fewer and fewer people can afford to heat their homes or put fuel in their cars and vans. Every year we bulldoze billions of pounds worth of food into landfills while now being told to do without erstwhile familiar foodstuffs.

We do much the same with clothes made in sweatshops and worn once before discarding into those same landfills. We upgrade our phones and other tech and put last year’s offering in the bin, disregarding the lithium and cobalt and the rest of the precious metals mined by child slaves out of sight and out of mind. We will soon be ordered to junk our gas boilers and our petrol and diesel cars. Our governments siphon our taxes into subsidies for wind turbines and solar panels that will themselves be yet more toxic landfill in 20 years’ time.

It’s not just about consumables that we can touch. Every moment of every day we are deluged with information as well, data, and so-called news, but made increasingly incapable of discerning how much, if any of it, is worth knowing in the first place. So much chaff in which to hide the wheat. We are drowning in words but struggling desperately to find so much as a sentence worth reading.

Instead of being educated at school, learning objectively and meaningfully about our shared history, heritage and culture, about how to understand the world and contributing to its betterment, our children are too often indoctrinated with propaganda, drilled with ideologies predicated upon obsession not with the content of people’s characters but with the colour of their skins and the nature of their sexual preferences real or imagined.

A television series that has been the work of hundreds, if not thousands of people spread over a year or more – an effort that was once the stuff of a shared experience keeping us engaged and talking together as communities for months on end – is binge-watched in a single night.

In every way imaginable our dopamine receptors – especially those of our children – are being bludgeoned into numbness.

An eight-year-old boy with a smartphone and an internet connection can help himself, in a week, to more naked women in more positions and predicaments than Genghis Khan saw in a lifetime of murderous conquest.

Sickening surplus and overload all around and, yet, here we are, rationing food in our supermarkets? Pardon my French, but What the Hell?

Rationing tomatoes is just a symptom of how corrupted and bent out of shape our food industry has become at the mercy of greedy corporations committed only to profit for the few at the expense of the health of the many. Let me stress, not one jot of this is the fault of farmers – those out there in a government-made maze of regulations and obstacles to the job of producing healthy food for healthy populations.

EU regulations make it legal to label as “milk” the white liquid obtained from processing almonds and oats. There are to be ground-up crickets in the bread and hundreds of other food products besides.

Industrially processed vegetables are labelled chicken, fish and mince. They make oil from sunflowers and rape seeds, process away its rancid, toxic nature, and sell it in food, and as salad dressing and as an ingredient in soap powder for getting stubborn stains out of clothes. It’s in baby food as well.

Tomatoes aren’t in season in the UK in February, as you might have noticed. Why should they be? Why aren’t we concentrating our attention on what food is in season, and local, and good for us, and teaching people how to cook it?

I travel a fair part of the length of this country every week between my home in Scotland and this studio in London. Aside from the odd moment or two of built-up area, the vast majority of the landscape is green fields. Why aren’t we making the most of the fertile land with which we are blessed instead of lofty talk of handing a third of it back to the beavers?

If food is at a premium, reaching a point where rationing might be required, why are we paying farmers to get out of the business altogether and sell off their hand to transnational corporations for God alone knows what purpose? Why are planes and ships burning fuel to transport avocados for thousands of miles around the world from places where the mass cultivation of the product causes catastrophic damage to local water supply?

What do you think is the answer to these questions? Are our leaders so inexperienced, so clueless about the practicalities of the world that they just don’t know how to run the country for the benefit of the people they’re supposed to serve?

Or are they knowingly in the service not of the people they are elected to represent but of transnational corporations, the markets and the Bank for International Settlements? Which of the two options do you think it might be?

Or is it simpler and more depressing still? Have our leaders, in fact, simply persuaded themselves that distraction is the only game they need to play?

Are we simply to be fed a diet of propaganda and downright lies about health, food, the climate, war, biology, and race … until we are so unwell, confused, exhausted and anxious we won’t notice when they pick the last penny out of our pockets and lock us down in a digital ghetto watched round the clock by cameras and listening devices we pay through the nose to carry in our own pockets? And they’re rationing tomatoes.

Here’s the thing: the world has been run off the rails. No wonder it’s all about distraction – because distraction is all they have. Greed and unrestrained power have brought us to the only destination that was ever in view. Which is right here, right now.

They won’t fix the mess because the mess suits them. I don’t have all the answers – but I do know the solution starts with ignoring any more of their nonsense. The problem is not with the tomatoes they’re rationing. The problem is the surplus of lies they keep selling. Stop buying them.

[Transcript Link]

A Record Number of Americans Say They Are Worse Off Financially Since Joe Biden Took Office


Posted originally on the CTH on February 5, 2023 | Sundance

According to the latest ABC/WaPo polling [Full pdf Here], 41% of Americans say they are worse off financially under Joe Biden.  That is the highest negative response to the question in the 37-year history of ABC polling.

Yet we are supposed to believe voters suffering under the worst financial outlooks in 40-years rewarded Joe Biden just two months ago with support for his Democrat Party and candidates?   Something is just not adding up.

.

[Full Poll Data Here]

President Trump also Watching RGA for Background Moves in 2024


Posted originally on the CTH on February 2, 2023 | Sundance

Of course, he is.  President Trump is not only running against the Democrat candidate in 2024, likely Newsom, but he’s also running against the Republican establishment candidate in 2024, most certainly DeSantis.

As such, President Donald Trump is noting the same strategic plays that we are.  Fortunately, he’s keeping an eye on how the Republican Governor’s Association (RGA) is intending to execute their anti-MAGA moves against the base working-class voters. [Trump Truth]

[Background Article]

Again, for emphasis, despite accusations and ridiculously unfounded assertions, I have no affiliation or contact with anyone in/around the campaign.  However, as with the prior election(s) in ’08 (McCain), ’12 (Romney), ’16 (Jeb!), and 2020 (Biden), the republican establishment roadmap is complex in a Machiavellian way, yet easy to spot if you know their objective. [Prior Resource Article on RGA ‘2022 Background Moves Here]

It is affirming to see that President Trump is watching these same tripwires as they are triggered.

As soon as Ron DeSantis makes his ’24 announcement (likely May, June or July – but he will be the last to enter), it will be the RGA who trigger the first wave of attacks against the MAGA base of voters.  Together with the controlled GOPe field, they will trigger a sequential process for republican governors to align with DeSantis.

Ahead of the DeSantis announcement, those who are aligned with the playbook will start to come in next, beginning with Nikki Haley on February 15th.  Each will have a billionaire donor class financier assigned to their specific SuperPAC support system.   I would expect Chris Sununu to quickly follow Haley.

(National Rifle) […] The Republican Governors Association (RGA) donated almost $21 million to the Friends of Ron DeSantis PAC, a massive war chest that politicos believe the Florida Governor will use to take on Trump in 2024, with the backing of the GOP establishment.

Over the year and a half that the RGA was dumping millions into the Friends of Ron DeSantis PAC, they gave zero dollars to Doug Mastriano, the Trump-endorsed Republican nominee for Governor of Pennsylvania, effectively surrendering the pivotal state to Democrats. (more)

I also suspect, nothing but a hunch based on research, that Kristi Noem may have rejected the early entreaties from the professional Republicans who are coordinating the roadmap.  If she didn’t reject something, the DeSantis crew would not be attacking her so hard.  If my hunch is correct, this position could make Noem a wildcard.

Interest Rates & the Fed


Armstrong Economics Blog/Interest Rates Re-Posted Feb 2, 2023 by Martin Armstrong

The Federal Reserve raised the benchmark by 25 bps, as expected. The Fed fully understands that the manipulation of the CPI is a necessary aspect both for containing government benefits and understating inflation also results in high tax revenues. The market loves hope, and as a result, they focused on the warning that we’ll be in restrictive territory for just a bit longer. Most still believe that there will be a slowdown in inflation just ahead.

The Fed’s cautionary commentary saying that the “disinflation process” has started triggered shares to jump ending up 1%. This shows how insane the analysis had become that they cheer a recession and think that lower interest rates are bullish for the stock market. Obviously, they just listen to the talking heads on TV and have never bothered to look at reality. When interest rates decline, so has the stock market. Interest rates rose for the entire Trump Rally, and they crashed during the Great Recession of 2007-2009. For the life of me, I just shake my head when the talking heads cheer lower rates and spread doom and gloom with higher rates.

Fox News – “ominous Great Depression warning”


Armstrong Economics Blog/Economics Re-Posted Feb 1, 2023 by Martin Armstrong

Fox Business is reporting that economic conditions are much worse than you are being told.  Unfortunately, this is the conclusion when you have ZERO understanding of the historical trends and economic conditions. It is true that the shortages of COVID have caused prices to rise faster than economic growth and most incomes.  Therefore, they conclude that our standard of living has been rapidly declining.  The number reveals that more than one-third of all U.S. young adults are being supported in part by their parents. Thanks to COVID, this disrupted society far greater than anyone is reporting. In addition to the shortages because of the lockdowns, by the end of 2020, more than half of young adults in America were living with one or both parents. That statistic actually exceeded the record high of the Great Depression.

Here is the worst part of this analysis. Many are jumping on the bandwagon claiming that the decline in real disposable income has been the largest since 1932 and therefore, this is a warning sign of a Great Depression is coming. They seem to be focused on the fact that the GDP report showed a significant decline in real disposable income, which fell over $1 trillion in 2022. Now let’s look closer!

First of all, the entire reason why unemployment rise to 25% during the latter part of the Great Depression was the Dust Bowl. Why? At that time, about 40% of the civil workforce was still agrarian. The Dust Bowl meant job loss. If you could not even plant crops, there was no need for people to pick crops.

Service during the Great Depression accounted for 17% of the workforce compared to 44%+ today. Government, federal, state, and local, was 22% of the civil workforce during the Great Depression compared to 33% by 1980. Things have continued to evolve and by 2019, services represent 79.41%. Agriculture is now a tiny fraction of what it once was – 1.41%.

In the USA, at the state level, their share of the civil workforce varies greatly. Florida is at about 11.3% compared to New Mexico which is 22.5% – a government employee’s paradise. The lowest is Michigan at 10.1%.

During the Great Depression, the entire reason for the collapse in disposable income was the collapse in agriculture which created a collapse in income due to massive unemployment. That is totally different from the crisis we have today.

Here we have rising prices due to shortages and then central banks raising interest rates in a fool’s quest to stop inflation when it is not based on speculation. Moreover, the biggest borrower is the government, and rising interest rates will only increase their exposure to keep rolling over the debt. Therefore, governments have been borrowing year after year. What happens when the public no longer buys their debt? Real disposable income has been collapsing for completely different reasons since 1932. Here we have the costs of everything rising and then these people want war with Russia and China. Every war since the start of recorded history has resulted in inflation. Add to this, the total insanity of trying to end climate change by outlawing fossil fuels at a time when the climate is prone to getting colder.

We are already witnessing riots around the world BECAUSE of inflation. During the Great Depression, people were suffering from DEFLATION. So comparing just that statistic of a decline in personal income and projecting we now face a Great Depression, does not even qualify to be classified as analysis. That is no different from someone warning that carrots must be lethal because everyone who has ever eaten a carrot has obviously died.