The Inflation Reduction Act – A Change We Don’t Believe In


Armstrong Economics Blog/Inflation Re-Posted Aug 26, 2022 by Martin Armstrong

President Biden agreed to waste billions on the Democrat-supported Inflation Reduction Act. According to a survey of 1,500 Americans as presented by the Epoch Times, neither Democratic nor Republican citizens believe this expensive act will combat rising prices.

Respondents were asked if they believed that the bulk of the package, the $369 billion set aside for climate change initiatives, would reduce inflation. Only 13% said they believed fighting climate change would combat inflation, while 26% admitted they had no clue. Yet, 38% replied by saying it will increase inflation, and an additional 22% think it will have no impact.

Only 8% of Republicans polled agreed with the act (no voting Republican lawmakers supported the measure), while 23% of Democrats were in favor. Around 68% of Republicans warned that the bill would increase inflation; 40% of Independents agreed, as did 17% of Democrats.

This leads one to believe that the measure would never have passed if the taxpayers had the opportunity to vote on how their money was spent. The Congressional Budget Office admitted that the measure would have a negligible effect on inflation. Currently, American households are paying an additional $717 per month due to inflation. This act will only cause Americans to be treated as criminals by the growing and armed IRS, which is training to use lethal force against civilians. Audits will soar, small and medium businesses will suffer, and no one besides those supporting the Green agenda will benefit from the Inflation [Expansion] Act.

Horrific Biden Consequence, 20 Million American Households Behind on Electricity Bills, Pending Shutoff


Posted originally on the conservative tree house on August 24, 2022 | Sundance

Long-term CTH readers might remember in 2014 when President Obama claimed U.S. families had been paying too little for electricity for too long.  As soon as Joe Biden took office, he began implementing the Green New Deal energy policy that, (a) directly forces higher costs for energy; and (b) is now creating massive problems.

In July I noted my own electricity bill had jumped 28% in a single month.  That bill was followed by another almost identical increase this month.  A review of the Consumer Price Index (CPI) for July [Data Here] shows that nationally the same thing is happening.  The year-over-year electricity price has increased 15.2%. However, worse still, the July increase alone was 1.9%, which figures to an annualized rate of 22.8%.

When the growth rate of monthly increase is exceeding the year-over-year result, that means future higher prices are coming.  This is a serious problem that cannot be overstated. Already struggling with a doubling of gas prices, massive food price increases at the grocery store and the pain of all costs for goods far outpacing any rate of wage increase, this type of uncontrollable increase in price of electricity is going to hit the middle class hard.

Steve Cortes calls this the backside of the Biden created inflation hurricane.  The backside of a hurricane is the worst because it hits from the opposite direction upon already weakened infrastructure.

The hurricane metaphor is apt because any increase in energy costs will be accompanied by the simultaneous arrival of another wave of food inflation, as the massive increases in field and crop prices start to feed into the food supply chain headed to our forks next month.

Making matters that much worse, Bloomberg is now reporting that 20 million households are now behind in their utility bills, specifically electricity bills, and the moratorium on shut offs has ended.  [Paywall Article]  Steve Cortes has written about the issue on his substack [Here].

One in six U.S. households, that is tens-of-millions of Americans, are now facing having their electricity turned off due to lack of payment.  It is certainly understandable how this horrific outcome would happen. Joe Biden’s energy policies are destroying working class families with unsustainably higher prices.

20 million households is a catastrophic level of utility default.  This is a serious issue with major social implications created by the desperation of those families.  Middle- and lower-income families cannot survive this level of financial pressure.

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Rents are behind. Mortgages are behind.  Car payments are behind. And now this report on utility bills.

Steve Cortes appeared with Steve Bannon to discuss {Direct Rumble Link} – WATCH:

Treehouse Tips


Posted originally on the conservative tree house on August 24, 2022 | sundance

**Bumped, 8/23/22 8:30pm ET**

My jaw came near the floor when I opened July’s electricity bill to find a notification of a 28% increase in electricity rates, effective immediately.  An increase of 28%…. just like that. This month, August, even higher with less use.

After the initial shock wore off, I started thinking about what this means to the working-class people in my community.

Already struggling with a doubling of gas prices, massive food price increases at the grocery store and the pain of all costs for goods far outpacing any rate of wage increase, this type of uncontrollable increase in price of electricity is going to hit hard.

In the past we have used CTH threads to spotlight the smart thinking and resourcefulness of Treepers from all walks of life.  A discussion thread where people can share tips, things that can actually be done, to help offset the financial pressures during severe economic times.  I think we may all benefit from starting a series of post like that again.

Let us share our wisdom and experience again.  There are many thousand who will benefit, as I have always done, from reading your smart tips and suggestions.

What ideas, tips and suggestions do you have to help people save money on ordinary life and living expenses?

These are painful economic times and the stress that is caused by financial worry is some of the most horrific family stress that people can face.  Let us come together with tips as a community to help each other.   No suggestion is too small.  What advice do you have that can help people save money on monthly expenses?

During one of our previous discussions someone gave a tip about putting a clean dry towel in the clothes dryer as a way of cutting down drying time and energy used.  I tried it and jumping ju-ju-bones it worked fantastically.  Simply putting a dry towel into the dryer when you add the wet clothes from the washer reduces laundry drying time by around 25%.  Not only does that save time, but it also saves money – and it was so simple.

So, what suggestions do you have?   Tips about anything and everything that might lower the monthly cost of ordinary life. No tip is too small. No suggestion is too odd.  Your advice can/will make a difference.

Please use the comments section to drop your advice.

Thanks again for being part of our fellowship.

Love to all.

The Solution


Armstrong Economics Blog/Economics Re-Posted Aug 24, 2022 by Martin Armstrong

zelensky freaking out, putin wins big


The Dive With Jackson Hinkle Published originally on Rumble on August 22, 2022 

The coming Civil War


Armstrong Economics Blog/Civil Unrest Re-Posted Aug 23, 2022 by Martin Armstrong

COMMENT: There has been and is increasing talk in all media of a coming ‘civil war’. Your article ‘Bidenomics & Vilification of Trump’ well explains the intentional polarization of the public and clearly states this will only end very badly.

The CW of 1861 Blue vs Grey, North vs South was a war of geography – of brother vs brother if one lived in a Blue state and the other in a Grey state. Armies were formed and deployed based on geography as much as ideology.

Now we have talk of a civil war between ‘patriots’ DJT supporters versus I guess the rest of everyone else, or so it is threatened to be by the media pundents and alarmists. But Martin, this smells like a classic psychological operation employing all of the media and a tiny element of probably paid for) violent extremists who like to dress in all black.
But how many Karen and Kens (Ds) are there that would actually take up arms because they don’t like Trump? How many because they love their electric cars? Will they begin shooting neighbors because of global warming?

The D politicians have never been able to provide any positive based reasons why they should be elected – only that they are anti-opponent – that might get a few votes but will not create an army. Your neighbor may be a liberal voter but is he armed and ready to start killing for these reasons? I think not.

Except for the DS/WEF/Globalists gang and probably a number of their armed 3 letter agencies. They control the media, have the jails, and the domestic physical enforcement personnel. They can use the media to try and create chaos, to cause false flag events in their favor, and shape public thought, and intern “create a media based CW”. A Wag The Dog CW.

They are the opposition – the enemy – the real danger. Do their combined numbers who could and actually would take up arms against the pubic even come to 1% of the nation? I doubt it.
Have a CW against this 1% and you could call it “the most civilized war a civilized society could possibly have”. IMO, this should be done by the professionals as soon as yesterday. Gitmo and military justice for treason.

Glenn

REPLY: History whispers to us from the past because the one thing that is constant has always been Human nature. It really does not matter whatever the issue might be. Perhaps the most dominant reason has often been religion. Nero used that to blame the Christians for burning down Rome. The Diocletianic or Great Persecution was the last and most severe persecution of Christians in the Roman Empire. This again was not out of personal hatred of Christians. This was after the Monetary collapse of Rome during the 260-268AD time frame. Diocletian (284-305AD)  persecuted the Christians because the general belief was that the gods were causing Rome to collapse BECAUSE of the Christians who were disrespecting the gods.

There was another religion rising known as the Manicheans. Diocletian issued an edict in 302AD against them as well for the very same reason – they were offending the gods who were punishing Rome. They were founded in the Persian Empire known as the Sassanid Empire and were followers of the prophet Mani (216-c.276). This became another widespread religion that infiltrated Rome, India, and China. It was based on a dualistic theology in which the theory was that the universe was divided between the divine plane of light and our own material plane of darkness. The Father of Greatness was not omnipotent, but he ruled the realm of light. Its opposite, the material realm, was controlled by the King of Darkness. These two forces did battle on both a cosmic and a personal level. Thus, within each individual soul, there was a battle. Manichaeism was clearly influenced by several other religions including Buddhism, Christianity, and Zoroastrianism.

So, no matter where we look in history, there is this eternal conflict between two ideas – left v right. The media is fueling the hatred of Trump and as we can see the new strategy is to hate Republicans for the November election when Trump is not running. But they are portraying him as evil and he now controls all Republicans so you better vote Democrat. That is the message being sent out all over.

Here is a coin of Postumus who led the separation of Spain, France, and Britain to exist the Roman Empire. First, he was not trying to be another general who conquered Rome. He was pushing for separation and his coinage declare that he was “restoring” the region to sanity and safety. This is the most likely way we will see the United States split as is the case in Europe which will probably precede. I do not see armed armies leading the charge, nor do I see your neighbor picking up a gun and storming your house because you are the evil opposition. They will probably not speak to you and that is how it will begin.

Armies are created by the rulers. They demonize their opponent to get the people to be willing to die on the battlefield for some noble cause. The US Civil War was promoted on religious grounds. There were slave owners who abused their slaves and beat them and the majority did not. The worst part of slavery was they could sell your wife or child. That was different from serfdom where you went attached to the land and could not be sold individually. The South fought over state’s rights which they want to deny today, but economically, slaves were valuable. It all began with indentured servants which were people in England sold to a plantation owner for their sentence of 2 or 5 years for a misdemeanor crime. That is why the Constitution forbids indentured servitude.

Ending slavery was taking away the workforce and it mean economic destruction. The vast majority of soldiers who fought for the South were not slave owners. They fought against Federalism that was dictating what their economy should have been. The vast majority of solider in the Confederate Army did not have the wealth to own slaves. They were very expensive. Historically, the US will split along the same lines. The middle of the country will join with the South up to Montana. This will divide the nation into three parts as what took place in Rome. The Pacific States will be California, Oregon, and Washington. I am surprised that the Washington States has not moved to rename itself Wokeville since George Washington inherited enslaved people at the early age of eleven and was therefore a slave owner. Thomas Jefferson also inherited slaves with his wife. They have removed his statues in NYC already! The man who wrote the Declaration of Independence.

I would not expect the separation to come by force of arms. We will see this rise to a voting issue on both sides. Already on the 2022 ballot will be a question to secede from the United States in Texas and California. There are people talking about it here in Florida. The more Washington tries to impose its dictates on the States, we will see the rise in calling for secession from US. This was to be a union that retained state sovereignty. That was the US civil war and it will be again – just a different issue from slavery to economic slavery, climate mandates, vaccine mandates, and who knows what’s next – chip implants?

The Biden Administration Urges Struggling Families to Buy Solar Panels


Armstrong Economics Blog/Energy Re-Posted Aug 23, 2022 by Martin Armstrong

Similar to Pete Buttigieg’s braindead suggestion to simply buy an electric vehicle to combat energy inflation, the White House is now offering another solution for Americans crippled by inflation – stop being poor. While they did not say these words verbatim, their ideas behind taming inflation among low and middle-earning Americans are completely out of the realm of reality. Energy Secretary Jennifer Granholm patted the Democrats on the back for passing the Inflation Reduction Act.

“If you are low income, you can get your home entirely weatherized through the expansion from the bipartisan infrastructure laws, a significant expansion — you don’t have to pay for anything,” Granholm said, toting government rebates. Solar panels can run anywhere from $15,000 to $25,000 for an initial setup. Is this something people with little disposable income can afford? How about the growing number of renters who do not have this option even if it were “free.”

Granholm offered more belittling advice for the middle class. “If you are moderate income, today you can get 30% off the price of solar panels. Those solar panels can be financed, so you don’t have to have the big outlay at the front … it’s a significant incentive.” Oh wow, a 30% discount and only a six to 12-month wait for the tax credit! Forget about basic shelter costs and food, go ahead and finance expensive solar panels as your family starves on the streets.

This administration is completely out of touch with the needs of the American people. They have done absolutely nothing to lower energy inflation and are now gas lighting the people to believe WE can do more to combat prices not seen in 40 years.

Supersized IRS Will Shrink Liberty


The Ron Paul Liberty Report Published originally on Rumble on August 17, 2022

Supersized IRS Will Shrink Liberty

Green Deal Mentality


Armstrong Economics Blog/Humor Re-Posted Aug 21, 2022 by Martin Armstrong

Our Plan is More OBVIOUS Than Ever! – News Update


Awaken With JP Published originally on Rumble on July 26, 2022

Klaus Schwab and the World Economic Forum are trying to block the sun? This and more news that should worry you in this week’s update!