China does not want a war with the US. The US, however, is continually provoking China by using Taiwan as its scapegoat. The US Navy announced that two warships will be traveling through the Taiwan Strait. The reasoning? The military aims to demonstrate freedom of movement through international waters. In other words, they deliberately want to anger China.
Nancy Pelosi began the subtle attack on China when she visited Taiwan and disregarded warnings from every intelligence agency. China repeatedly warned America not to interfere in its One China policy. Yet, Pelosi said she wants Taiwan to liberate Taiwan.
China flexed its military power as soon as Pelosi left by performing almost a mock invasion through the skies and sea. As of this week, Taiwan reported 23 Chinese aircrafts and eight ships around Taiwan. Russia was provoked by NATO and backed into a corner before invading Ukraine. Beijing is increasingly feeling the pressure as the US is not actively abiding by its One China policy. Between the current recession, proxy war in Ukraine, and surmounting debt, the US is simply stretched too thin to enter a war with China.
Our models warn that geopolitical tensions will rise going into 2023. China is selling off US debt, which is another sign of coming geopolitical problems.
“The Texas miracle died in Uvalde,” the billboards states. It is in bad taste to use a school shooting to promote an agenda. The gunman was apprehended by a Texas resident with a gun. The police failed those children. None of this has anything to do with California’s policies; crime is not as prominent in Texas.
Between 2020 and 2021, over 25,000 fled California to Texas, according to the US Census data. Overall, over 360,000 people left California in 2021. Most cite that California has become completely unaffordable, with the median home price at about $797,470. Companies have fled California since the beginning of the pandemic to tax-friendly states. They lost huge job creators and revenue makers such as Facebook, Twitter, Dropbox, SpaceX, and Tesla, to name a few. Another less discussed reason is the intense woke rhetoric spewed by Newsom and others. Theft has basically become legal. Despite the beautiful scenery and weather, people simply do not want to live in the Golden State for a plethora of reasons.
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.
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:
Posted originally on the conservative tree house on August 18, 2022 | Sundance
As a result of western governments’ taking collective action under the auspices of a ‘climate change’ agenda, we are on the cusp of something happening with ramifications that no one has ever seen before.
Western governments’, specifically western Europe, North America (U.S-Canada) and Australia/New Zealand, are intentionally trying to lower economic activity to meet the intentional drop in energy production.
This is the core consequence of the Build Back Better agenda as promoted by the World Economic Forum.
Anyone who says there is a reference point to determine both the short-term and long-term consequences is lying. There is no precedent for nations’ collectively and intentionally trying to reduce economic activity.
Hiding behind the false justification that current inflation is driven by too much demand, central banks in Europe, the Bank of England, Bank of Canada and U.S. federal reserve are raising interest rates. The outcome we are currently feeling is an intentional economic contraction and global recession.
The Build Back Better monetary policy is successfully shrinking western economic activity; however, the impacted nations that produce goods for markets in North America and Europe, specifically southeast Asia, Japan and China, are not raising interest rates in an effort to try and offset the drop in demand. China has announced they are dropping their central bank rates in a desperate effort to lower costs and keep their export dependent economy working.
Underneath all of this, is a drop in energy production in the same nations trying to lower economic activity. The political policymakers are attempting to manage this process without informing the citizens of the unspoken goal. Shortages of oil, coal and natural gas are self-inflicted problems, all part of the BBB agenda.
Beyond the massive increases in energy costs, which is the true source of inflation and a direct/intentional outcome of the BBB effort, Europe is now facing a looming winter without the energy resources to heat homes and sustain people. Things are going to be very uncomfortable in Europe this winter as roaming brownouts are now predicted.
As the collective west attempts to, using their words, “manage the transition,” they do not have mechanisms to control an outcome of this magnitude. It is simply too big a situation to manage. Where the rubber meets the road, the think-tanks and high-minded climate change ideologues do not have the ability to manage a transition and still meet the needs of people. Beyond the esoteric thinking, there are real consequences from these actions.
Many people have discussed the potential for longer-term food shortages and recently, shorter-term winter heating. However, beyond that, the downstream geopolitical consequences are seemingly being ignored. Instead, what we see is an effort to keep pretending the climate change ends will justify the means (disruption of energy production).
In this connected world, when the western nations stop buying things, we find ourselves domestically with economic trouble. Businesses fail, unemployment rises, financial stress ripples throughout the economy, dependency on government subsidy increases and real pain is felt. However, beyond the domestic issues the supplier nations run into even bigger problems.
Unemployment in Malaysia, Vietnam, South Korea, Japan, Taiwan and even China, creates an entirely different set of regional stability issues on a geopolitical level.
There is no precedent for this. Never before in the history of industrialized nations has any government intentionally tried to lower its economic activity. It has never been done with intent before because within the contraction nations get more poor, people suffer.
Not only has no single nation ever tried to intentionally shrink its wealth, but there is no precedent whatsoever for an alliance of nations to join together with the same purpose. While this might seem like an academic economic modeling exercise, unfortunately it is very real. What I am describing is happening right now, and we had better start talking about it before the unforeseen consequences start to become a crisis.
In North America (U.S-Canada), Europe and Australia, there will continue to be massive increases in food prices as a result of the collapse in energy production. Beyond the western nations there will be food shortages as a result of lowered harvest yields and less industrial food production. This is not controversial.
It is also not controversial that regions with harsh winter climates are going to be paying much more for scarce heating resources.
That being accepted, what happens geopolitically, even militarily, when the entire global economy starts to feel the impacts from western nation economic contraction on a scale -created by collective action- that has never been seen before.
I have no idea what that big picture consequence looks like, but whatever “that” is, will be happening at the same time as people everywhere will be more desperate as an outcome of their economic position. I don’t have the answers, but I sure as hell can see the problem coming.
Political leadership in the aforementioned western nations are seemingly, perhaps intentionally, keeping people distracted with domestic shiny things to occupy time. However, someone needs to start talking about, and seriously challenging, the big picture consequence of this Build Back Better future, before it’s too late.
Posted originally on the conservative tree house on August 7, 2022 | sundance
The great pretending continues. During a Sunday talk show appearance, San Francisco Fed Chair Mary Daley states, “what I see is supply and demand are just unbalanced. About 50% by my own staff’s estimates of the excess inflation we see is related to demand. The other 50% to supply.” Note, she is not talking about energy.
Margaret Brennan, maintaining her position as the professional CBS narrative engineer, never thinks to ask: (a) where is this demand you speak of, and what exactly are they demanding? and/or (b) What is this 50% inflation on the supply side connected to? Obviously, an actual probing of inflation wasn’t in the script. The great pretending continues. [Transcript Here]
CTH has stated without reservation that August’s inflation report will show a significant –albeit temporary– drop in inflation as measured by the govt. The drop in gasoline prices throughout July (created by a drop in demand) will allow the fiscal and monetary policy makers to falsely claim overall inflation peaked. However, after a brief respite the inflation now growing in the ground (massive increases in farm costs), will then launch into the food supply chain. This delayed food inflation will overtake the energy inflation in the latter part of this year. WATCH:
[Transcript] – MARGARET BRENNAN: We turn now to the state of the economy and the president of the San Francisco Federal Reserve Bank, Mary Daly. Good morning to you.
FEDERAL RESERVE BANK OF SAN FRANCISCO PRESIDENT MARY DALY: Good morning.
MARGARET BRENNAN: The San Francisco Fed said fiscal spending during the entirety of the pandemic, all the congressional funding contributed 3%- a 3% hike in inflation. Do you expect the congressional bill that’s about to pass to add to inflation as well?
DALY: Well, let’s remember that during the time that there was this fiscal relief during the pandemic, there was also monetary policy relief. And those were things necessary to get us through the pandemic. So that’s why that was such an important component in history, will be the judge, whether it was too much or too little. But right now, that’s where that was. And my staff have evaluated that. When I look forward, there are so many things going on in the economy right now, both domestically and globally. And we are struggling with high inflation. But the Fed is committed to bringing that down. And we’re looking at not only things that Congress passes, but also what happens across the entire world.
MARGARET BRENNAN: So do you think this bill will- will add to inflation? Has inflation peaked? Can you say that?
DALY: You know, I really can’t comment on pending legislation, and it’s really hard to tell because all the details haven’t been worked out yet and or the time frame in which those things will take place. So right now, I think the most important thing, Margaret, is that inflation is too high and the labor market is strong. The global economy is struggling with ongoing high inflation, and that’s what I’m focused on.
MARGARET BRENNAN: You are a labor economist. We had this surprisingly strong jobs number on Friday. Why was it so surprising? What was it that economists missed here? What was your takeaway?
DALY: You know, it’s super interesting. You know, it did surprise everyone who tries to figure out exactly what the number will be. And we were you know, a number of projections were well off. But, you know, frankly, if you’re out in the communities, if you’re you’re traveling anywhere, you’re you’re just going in your own community. I don’t think consumers are workers or businesses were that surprised. There’s help wanted signs all over the place. People are can find multiple jobs if they want them. Search times for jobs aren’t that long. So I think the labor market is continuing to deliver. It just tells me that people want to work and that people want to hire. But the universal truth is that inflation’s too high.
MARGARET BRENNAN: But does it still or does it indicate that recession is not where we are or where we’re going?
DALY: If you’re out in the economy, you don’t feel like you’re in a recession. That’s the bottom line. The most important risk out there is inflation. And I think the job market just confirms that.
MARGARET BRENNAN: Okay. We’re going to take a break and come right back with you. Mary Daly, stay with us. We have more questions.
*COMMERCIAL BREAK*
MARGARET BRENNAN: Welcome back to Face the Nation. We continue our conversation now with the head of the San Francisco Federal Reserve Bank, Mary Daly. In that jobs number on Friday, we also saw that wages rose, but they’re not rising as quickly as inflation is. How concerned are you that that shows inflation is really becoming embedded in the economy in a way that is really going to force sure your colleagues at the Fed to continue to have to hike rates.
DALY: You know, I don’t see inflation is embedded in the economy, the kinds of things that we would worry about just not being able to correct easily. What I see is supply and demand are just unbalanced. About 50% by my own staff’s estimates of the excess inflation we see is related to demand. The other 50% to supply. The Fed is really well positioned to bring demand down, and we already see the cooling forming in the housing market and investment. So I do see signs that the economy is cooling. It just is going to take some time for the interest rate adjustments we’ve made to work their way through. And we are far from done yet. That’s the the promise to the American people. We are far from done. We’re committed to bringing inflation down and we’ll continue to work until that job is fully done.
MARGARET BRENNAN: So it would still be appropriate to raise rates in September by half a percent?
DALY: Absolutely. And we need to be data dependent. It could. We need to leave our minds open. We have two more inflation reports coming out, another jobs report. We continue to collect all the information from the context we talk to you to see how this is working its way through the economy. But you mentioned, you know, wage growth a little bit above 5% inflation. Last print at 9.1%. Americans are losing ground every day. So the focus has to be on bringing inflation down.
MARGARET BRENNAN: One of the things the Fed can’t control is geopolitical risk. How concerned are you about what is happening in the Taiwan Strait right now?
DALY: Well, there’s so much going on globally, and I think that’s really something that we need to think about. It’s just getting through COVID, making sure the new variants don’t derail economic activity. We have central banks across the globe raising interest rates to try to bridle their own inflation. And we have ongoing developments that take place geopolitically or just more generally among countries and all of those things. The war in Ukraine, all of those things create headwinds, if you will, for the US economy and we’re going to have to lean against those headwinds for growth while we bridle inflation.
MARGARET BRENNAN: The Fed has its work cut out and I know we’ll be talking again. Thank you very much, Mary Daly. (LINK)
Posted originally on the conservative tree house on August 4, 2022 | Sundance
WNBA player Brittney Griner was arrested in Russia in February for bringing cannabis oil into the country while traveling for a basketball game. Griner brought vape cartridges with her containing cannabis oil, a prohibited substance in Russia. Today the 31-year-old was sentenced to nine years in Russian prison, after she was found guilty of possession and smuggling of illegal drugs.
The Biden administration is attempting to work out a prisoner exchange where Griner and Paul Whelan, a former U.S. Marine detained in 2018 in Russia of espionage charges, would be released in exchange for Russian arms dealer Viktor Bout.
“Today, American citizen Brittney Griner received a prison sentence that is one more reminder of what the world already knew: Russia is wrongfully detaining Brittney. It’s unacceptable, and I call on Russia to release her immediately so she can be with her wife, loved ones, friends, and teammates. My administration will continue to work tirelessly and pursue every possible avenue to bring Brittney and Paul Whelan home safely as soon as possible.”
Posted originally on the conservative tree house on August 2, 2022
Project Veritas has obtained whistleblower materials from official FBI training and instruction, highlighting images that are defined as evidence of Militia Violent Extremists or MVE’s. Among the material now identified by the FBI as extreme are pictures of the Gadsden flag, Betsy Ross flag, Patriot symbols, Molon Labe and a host of other historic images that are now defined as evidence of Militia Violent Extremism.
[WASHINGTON, D.C. – Aug. 2, 2022] Project Veritas released a newly leaked document today provided by an FBI whistleblower, which shows how the Bureau classifies American citizens it deems to be potential “Militia Violent Extremists” [MVEs].
In the document, the FBI cites symbols, images, phrases, events, and individuals that agents should look out for when identifying alleged domestic terrorists.
The “Unclassified/Law Enforcement Sensitive” document says it is for “FBI Internal Use Only.”
Of note, under the “Symbols” section, is a prominent citation of the Second Amendment, where it explains that “MVEs justify their existence with the Second Amendment, due to the mention of a ‘well regulated Militia,’ as well as the right to bear arms.”
Right below that, under the “Commonly Referenced Historical Imagery and Quotes” section, Revolutionary War images such as the Gadsden Flag and the Betsy Ross Flag are listed. Each flag displayed in the document comes with a brief description of what it means.
Under the “Common Phrases and References” section of the leaked document, Ashli Babbitt is cited as a person that MVEs consider to be a Martyr.
The same document also refers to Ruby Ridge, Waco, and even Timothy McVeigh, tying in traditional American ideas and symbols with radical and/or violent events in the past. (see and read more)
FBI Director Chris Wray is scheduled to appear before the Senate Judiciary Committee on Thursday [SEE HERE], perhaps someone will ask him about this.
It would appear, if we are to accept the narrative from the FBI, patriotic Americans are all dissidents now.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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