Posted originally on the conservative tree house on April 13, 2022 | Sundance
Yesterday in Iowa, Joe Biden called the Russian military operation in Ukraine a “genocide,” which has a very specific set of legal definitions to it.
When asked if he had seen enough evidence to support that statement Biden responded:
“Yes, I called it genocide. It has become clearer and clearer that Putin is just trying to wipe out the idea of even being — being able to be Ukrainian. And the amount — the evidence is mounting. It’s different than it was last week. The — more evidence is coming out of the — literally, the horrible things that the Russians have done in Ukraine. And we’re going to only learn more and more about the devastation. And we’ll let the lawyers decide internationally whether or not it qualifies, but it sure seems that way to me.” (link)
Several ground reports from European journalists indicate the U.S. military is running all of the combat operations inside Ukraine. A French reporter said on Euro News, “I thought I was with the international brigades, and instead I was facing the Pentagon.” Now today, Joe Biden announces he is arbitrarily sending U.S. combat helicopters into the conflict.
(WHITE HOUSE) – I just spoke with President Zelenskyy and shared with him that my Administration is authorizing an additional $800 million in weapons, ammunition, and other security assistance to Ukraine.
The Ukrainian military has used the weapons we are providing to devastating effect. As Russia prepares to intensify its attack in the Donbas region, the United States will continue to provide Ukraine with the capabilities to defend itself.
This new package of assistance will contain many of the highly effective weapons systems we have already provided and new capabilities tailored to the wider assault we expect Russia to launch in eastern Ukraine. These new capabilities include artillery systems, artillery rounds, and armored personnel carriers. I have also approved the transfer of additional helicopters. In addition, we continue to facilitate the transfer of significant capabilities from our Allies and partners around the world. The steady supply of weapons the United States and its Allies and partners have provided to Ukraine has been critical in sustaining its fight against the Russian invasion. It has helped ensure that Putin failed in his initial war aims to conquer and control Ukraine. We cannot rest now. As I assured President Zelenskyy, the American people will continue to stand with the brave Ukrainian people in their fight for freedom. (link)
White House spokesperson Jen Psaki was asked about this escalation earlier today:
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The Biden administration is all-in for this Ukraine proxy war, taking all actions to highlight a zero-sum position.
Posted originally on the conservative three house on April 13, 2022 | Sundance
Fed Governor Christopher Waller appeared on CNBC to announce we have reached peak inflation, and things will moderate from here. All of these fed moves are political moves, not monetary policy-based moves. Here’s the thing they will never admit to the non-institutional investor.
The fed has been painfully slow to raise interest rates on purpose. They did not make a mistake. The reason for their delay is they needed to wait for the beginning of the first 2021 inflation wave to cycle through before they raised interest rates. It’s a game of mirrors that almost no one sees. WATCH:
The rate of inflation will drop once the statistical year-over-year comparisons reach the same moment in the prior year. The fed will raise interest rates in May and then use the June inflation rate decline as a false talking point to highlight how their policy is working. They wait for May, because they need to wait for the calendar, nothing else. Inflation is measured as the percentage of change from the prior year. By waiting until the inflation is measured against the first wave of rising prices, it will give the illusion of a decline in inflation.
So that’s why they waited. But here’s the worse part….
All of these U.S. Fed monetary policymakers are in full ideological alignment with the global and central bankers. They are all following the same Build Back Better agenda and policy instructions.
All of bankers know the shift from ‘dirty energy’, coal, oil, natural gas, will create inflation. All of the bankers know there is no economic bridge within the plan to shift from oil to their unicorn dust. All of the bankers know that shutting down oil exploration as a matter of western unified policy will, as a factual matter, destroy the economic systems that rely on energy….. which is to say everything.
All of these bankers know the severity of the inflation crisis this energy shift creates. None of them do not know.
Everything they are doing is coordinated to assist the climate change agenda.
Posted originally on the conservative tree house on April 13, 2022 | Sundance
The CDC announced today {SEE HERE} they are extending the federal emergency order requiring masks on planes, trains and public transportation for a period of 15 days, ending May 3rd.
The mask mandate was set to expire April 18. However, the Biden administration will keep the requirement in place for another 15 days under the justification of a rise in COVID-19 cases driven by the new BA.2 sublineage of the Omicron variant.
(Press Release) – […] The CDC Mask Order remains in effect while CDC assesses the potential impact of the rise of cases on severe disease, including hospitalizations and deaths, and healthcare system capacity. TSA will extend the security directive and emergency amendment for 15 days, through May 3, 2022. (link)
There are contradicting claims on the benefits and/or futility of wearing masks to avoid spreading the COVID-19 virus. Several scientific studies have found no significant benefit; however, the theatrics of mask wearing is now a litmus test for global virtue.
Philadelphia, Pennsylvania, has recently announced a new indoor mask mandate for their extended metropolitan area. Fauci soundbite below.
Posted originally on the conservative tree house on April 13, 2022 | Sundance
he “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released March price data [Available Here] showing a dramatic 11.2% increase year-over-year in Final Demand products at the wholesale level. This is the fifth consecutive month with the highest rate of inflation the PPI ever recorded.
The single month increase in wholesale prices of 2.3% was driven by inflation built into the supply chain at every level that shows up in the final wholesale price. Those price increases then get passed along to consumers along with the additional costs for warehousing, transportation and delivery. I modified Table-A (FINAL DEMAND) to take out some of the noise.
Wholesale prices of goods jumped 2.3 percent in March, and the wholesale price of food products jumped 2.4 percent. The total demand inflation compared to last year is 11.2 percent, the highest rate ever recorded since the PPI tracking was first started.
The total final demand monthly calculation (1.4%) is lower than the final demand goods (2.3%), because final demand services are offsetting. You may remember the discussion/analysis about prices beginning to stabilize after this month due to a contraction in demand for goods and services. I see support for that thesis within this data.
The three phases of wholesale product creation: (1) origination, (2) intermediate, and (3) final, cycle through the economic analysis in reverse chronological order. Roughly speaking, the flow of goods quantified is done in 30-day sequences. Final demand this month is comparing to final demand in March 2021. The intermediate demand goods this month will become final demand goods next month (April).
The rate of inflation behind this set of final demand goods is beginning to soften. See Table B, Intermediate goods. Again, modified to take out the noise:
While the yearly comparison for both processed and unprocessed intermedia goods is eye dropping, in the unprocessed intermediate demand goods, we are starting to see a lessening of monthly price increases.
In essence, prices have been rising so fast and for such an extended period of time, that we are now cycling through the rate of increase and starting to compare it to last year when the rate of increase was originally going high. As a consequence, the rate of price increase will likely lessen, even though the actual price may still keep climbing within the manufacturing process.
The price of raw materials, and the wholesale energy costs to process those materials into finished goods, are still rising. In addition to the consumer prices reported yesterday, this wholesale price data is showing the most recent increases (March) in fuel and transportation costs. For the next report these figures should now plateau.
♦ BOTTOM LINE – We have not yet reached PEAK INFLATION – However, the price increases from wholesalers to retailers are now at parity. The increased price of things coming into the supply chain are now at similar rates of increase when compared to the stuff on the shelves.
Inflation from field to fork is now fully matriculated and embedded in the total economy as a result of two massive price waves (July to October 2021 and November to March 2022). Those prices will never fall.
Highly consumable goods like food, fuel and energy will remain at approximately the price today for a period of around five months, then we will see the third wave kick in as the new higher harvest prices hit the processors in late summer.
The prices for non-essential durable goods, like cars, electronics, appliances etc. from this moment forth will now be determined by demand. Highly sought after goods will increase in price as more customers chase fewer products. However, ordinary or widely available durable goods will likely start to come down in price very soon as inventories climb because consumer spending has prioritized and dropped non essential goods from their shopping lists.
To put it more succinctly: The stuff we need will cost more. The stuff we don’t need will cost less.
Posted originally on the conservative tree house April 13, 2022 | Sundance
Treasury Secretary Janet Yellen delivered a remarkable speech today outlining “the future of the international order,” in the aftermath of the global pandemic and the current conflict in Ukraine. Within the speech, Yellen outlines the priorities of the United States according to the current administration and the international financial mechanisms that she controls.
The speech is quite jaw-dropping when you consider the nature of her position, and the fact that she is an unelected bureaucrat within government.
As you read the speech {Transcript Here}, keep in mind she is not the President of the United States, or the commissioner of the New World Order, yet she presents herself as authorized to control the geopolitical constructs of the Biden administration. The hubris is astounding.
Secretary Yellen: outlines the goals and objectives of the international order, predicts a concerning global famine, warns against the cleaving of financial mechanisms for international trade as an outcome of the Ukraine conflict, threatens any nation who does not support the western political alliance and outlines the need for decarbonization of the global economy.
Yellen expresses all of these powers from the position of a U.S. Treasury Secretary – the equivalent of a government financial minister. Speech highlights with emphasis mine:
(Transcript) – […] “Russia’s horrific conduct has violated international law, including core tenets of the UN Charter—challenging countries to demonstrate where they stand with respect to the international order that has been built since World War II. Therefore, when I speak about a changed global outlook, I’m not just talking about growth forecasts. I’m also referring to our conception of international cooperation going forward.
I will focus my remarks today on the significance of international cooperation in this current environment and for our future.
[…] With Attorney General Garland, I convened a novel taskforce of law enforcement and finance ministry leaders from G7 and partner countries to advance our efforts. […] Rest assured, until Putin ends his heinous war of choice, the Biden Administration will work with our partners to push Russia further towards economic, financial, and strategic isolation.
[…] When Russia made the decision to invade Ukraine, it predestined an exit from the global financial system. Russian leaders knew that we would impose severe sanctions. […] We are now seeing higher commodity prices that have added to global inflationary pressures and are posing threats to energy and food security, trade flows, and external balances across many countries.
[…] The ultimate outcome for the global economy of course depends on the path of the war. Russia could end this unnecessary war and the near-term impact could be contained.
[…] While many countries have taken a unified stand against Russia’s actions and many companies have quickly and voluntarily severed business relationships with Russia, some countries and companies have not. Let me now say a few words to those countries who are currently sitting on the fence, perhaps seeing an opportunity to gain by preserving their relationship with Russia and backfilling the void left by others. Such motivations are short-sighted. The future of our international order, both for peaceful security and economic prosperity, is at stake.
[…] The Russian invasion of Ukraine has dramatically demonstrated the need for us to stand together to defend our international order and protect the peace and prosperity that it has conferred on advanced and developing countries alike. […] On some issues, like trade and competitiveness, this will involve bringing together partners that are committed to a set of core values and principles.
[…] we need to modernize the multilateral approach we have used to build trade integration.
[…] we should implement last year’s global tax deal. Some 137 countries—representing nearly 95 percent of the world’s GDP—have agreed to rewrite the international tax rules to impose a global minimum tax on corporate foreign earnings and to partially reallocate taxing rights from countries where companies are headquartered to those where they sell goods and services.
[…] the economic and financial response to the global financial crisis in 2008-2009 was too timid and short-lived. With inadequate global liquidity, the crisis caused lasting damage. In response to the pandemic, the IMF acted creatively to support poorer countries. […] Experts put the funding needs in the trillions, and we have so far been working in billions. The irony of the situation is that while the world has been awash in savings—so much so that real interest rates have been falling for several decades—we have not been able to find the capital needed for investments in education, healthcare, and infrastructure.
[…] We know we have not yet done enough in terms of mitigation, adaptation, green technology innovation and adoption, and funding for those efforts. […] We must redouble our efforts to decarbonize our economies, recognizing that countries will use a range of tools—including carbon pricing, regulation, and subsidies—to achieve needed emissions reductions. Because those approaches will have quite different consequences for the costs of production, we will see differing impacts on trade competitiveness. We will need to work together to avoid trade tensions and in time to coordinate and harmonize our approaches.
[…] Some may say that now is not the right time to think big. Indeed, we are in the middle of Russia’s war in Ukraine, alongside the lingering fight against a global pandemic and a long list of other initiatives underway. Yet, I see this as the right the time to work to address the gaps in our international financial system that we are witnessing in real time. […] we ought not wait for a new normal. We should begin to shape a better future today.” {Read Full Transcript}
Think carefully about what you just read, and then remember the previous warning:
[CTH March 23, 2022] A Build Back Better society, or “great reset”, is factually underway as triggered by the gateway of SARS-CoV-2 and the massive spending by western nations to subsidize the lockdowns, shut-downs, economic closures and forced unemployment.
Global inflation is being driven not only by the American spending spree, but also by the massive government spending programs of the EU, U.K, New Zealand, Australia, Canada and many western nations.
The bills for those subsidies and bailouts are due. The labor of the citizens is going to have to pay those bills, while simultaneously we deal with inflation and massive debt balances on all nations’ balance sheets.
Into this mix comes the very real possibility of a declining U.S. trade dollar, as a result of geopolitical conflict between the west and Russia, China, Iran and OPEC in the geography of Ukraine. The financial sanctions by NATO and western allies have factually created a rift in currency exchange valuations.
As the proverbial west hammers those sanctions even harder and more deliberately, what they are doing is creating a stronger and greater likelihood that the dollar will be removed as the global trade currency, and we will enter a phase where two sets of nations exist:
One set of nations will run their economy on oil, gas and fossil fuels. The other set of nations will be focused on running their economic engine on the premise of sustainability, or renewable energy.
The sanctions toward Russia actually help to drive this chasm even wider.
To me, this looks entirely purposeful – done by specific intent and design.
Two world groupings. One group, oil-based energy (traditional) – let’s label them the RED GROUP; and one group GREEN energy (the build back better plan). It is not accidental these two groups hold similar internal geopolitical views and perspectives.
♦ The important part to see is… there are going to be two sets of nations with two structurally different economies. A red group and a green group.
What Treasury Secretary Janet Yellen outlines in that speech is the geopolitics of this exact cleaving. Also worth noting, We The People represent the carbon she seeks to eliminate.
Posted originally on the conservative tree house on April 13, 2022 | Sundance
DeceptiCon ruler Mitch McConnell is the ultimate abuser in the relationship of the Republican Party to its base of voters.
During a series of remarks at a Kentucky Chamber of Commerce convention Tuesday, the Senate Minority Leader went right back to his familiar pattern of telling voters they should listen to who he says is acceptable or not acceptable as a 2022 Republican candidate.
Those of you who have walked the deep political weeds with us, will remember the battles against McConnell’s uniparty wing in the 2010, 2012 and 2014 races. This is where McConnell and McCain famously called the base of the GOP “whack-o-birds” and “jihobbits” for supporting unsanctioned Senate candidates like Scott Brown, Ted Cruz, Mike Lee, Ron Johnson, Tom Cotton, Rand Paul, Marco Rubio and more.
(KENTUCKY) – […] McConnell, speaking at a chamber event in Kentucky, said that 1994 had been the best year for Republicans and that the atmosphere heading into November “is better than it was in 1994.”
“From an atmospheric point of view, it’s a perfect storm of problems for the Democrats,” McConnell said. “How could you screw this up? It’s actually possible. And we’ve had some experience with that in the past.”
“In the Senate, if you look at where we have to compete in order to get into a majority, there are places that are competitive in the general election. So you can’t nominate somebody who’s just sort of unacceptable to a broader group of people and win. We had that experience in 2010 and 2012,” McConnell added. (read more)
.@LeaderMcConnell on the 2022 midterms: "How could you screw this up? It's actually possible. […] In the Senate, if you look at where we have to compete in order to get into a majority, there are places that are competitive in the general election." https://t.co/pevgKhkPwmpic.twitter.com/eHRBVGRjQF
This guy is such a profound manipulator it is almost sickening. After the 2008 election, the Democrats had a 60-seat majority. A veto-proof majority. Mitch was the minority with 40 Republican senators in January 2009. It was the Tea Party that changed it all around, starting with Scott Brown in December of 2009.
In the specific races McConnell points out in 2010 and 2012 were races where the Tea Party base of the GOP actually produced more seats for the Republicans, culminating in a successful majority reestablished in the Senate in 2014. The Republicans did nothing with that majority and couldn’t even get rid of the Obamacare mandate which they campaigned on with eight years of promises.
Shanghai went under a full lockdown at the end of March under China’s zero-COVID tolerance policy. When cases allegedly rose, China extended the lockdown indefinitely. Shanghai hosts the busiest container port in the world, and its inability to operate is contributing to the supply chain crisis in a profound way. A member of the EU Chamber of Commerce’s Shanghai Chapter estimated that volume was down by 40% during the first week that the ports were prohibited from operating. There is no set date for when the port will resume operation.
It is estimated that the lockdown currently imposed has imprisoned an alarming 25 million Chinese citizens in their homes, but the implications of shutting down the world’s largest shipping port amidst a supply crisis will send aftershocks throughout the global economy. To understand how crucial Shanghai’s port is to the global flow of goods, the Port of Shanghai hosts over quadruple the volume of the Port of Los Angeles (one of America’s largest shipping ports).
Those in the industry warned that this would cause problems. One of the largest international container companies, Maersk, said that Shanghai’s shutdown would cause a 30% rise in trucking costs alone.
Some businesses are operating the “closed loop” system where employees are basically unable to leave their place of work. Still, the port cannot operate with the current restrictions as there are simply not enough available workers. This is completely unsustainable. China is throwing gas on the rapidly burning supply chain and inflation crises with their current policies that will be felt across the world.
Posted originally on the conservative tree house on April 11, 2022 | Sundance
The Financial Times is reporting {link here, paywall} that Finland and Sweden are likely to join the NATO alliance. According to the reporting {also in Reuters} the application from Finland is expected in June and Sweden shortly thereafter.
Adding Sweden and Finland would be a major escalation in both the western conflict and provocations against Russia, obviously, justified by western leaders as a consequence of the Russian invasion of Ukraine. However, in the big analysis, the global financial system appears to be the larger issue.
From the outset of the Russian military operation into Ukraine, it was obvious the western alliance was intent on an almost ‘all or nothing‘ confrontation with Russia. The only limits to what the alliance was willing to do was trigger a nuclear showdown through direct military action against Russia to protect the non-NATO country of Ukraine.
The NATO and western government response was a fast system of financial sanctions intended to cripple the Russian economy. However, Russia responded to those actions with countermoves on the trade front, beginning to establish the first ever non-Euro and non-dollar-based trade system. In essence, a financial trading system created by the BRICS group (Brazil, Russia, India, China and South Africa).
Therefore, if we think about the current status of geopolitics and international finance, the NATO response now involves a priority of controlling and protecting the previously established financial structures of global trade. A NATO effort to avoid the cleaving is now underway as an outcome of the sanctions against Russia.
As one person put it, “This is a fight for the dollar as reserve currency. Imagine trying to maintain our debt when nobody wants treasury notes. If BRICS succeed, US collapses as an economic power. On the other hand, if we win, Klaus Schwab’s nutty world wins.” I tend to agree with this outlook because it parallels something we see domestically in the U.S.
In the United States, the people behind Biden and the extreme leftists are rapidly advancing their ideological quest toward the “Green New Deal.”
Coal, oil, and gas exploration/development have been slowed, stymied and halted as the administration chases clean renewable energy goals.
However, the current problem is there’s no intermediate system of energy production to support their push. This is driving energy costs through the roof, and that problem is magnifying inflation created by prior spending.
During their collective pandemic response, western governments all followed the blueprint laid out by the World Economic Forum (WEF), which was, in essence, to shut down human activities, lock down economies and then spend massively to fill the void. Almost all western leaders followed this exact advice and spent tens-of-trillions in direct subsidies to people and businesses during their lockdowns and COVID mitigation efforts.
At the end of this interventionist rainbow, the collective was instructed to “build back better,” where the economies they destroyed would be rebuilt through the priority prism of ‘climate change.’ However, just like the absence of any U.S. energy transition, the WEF program also did not have a mechanism to bridge the change from ‘dirty’ to ‘clean’ energy.
All of the western government spending during their COVID plan has created two big issues (crisis):
♦ First, massive inflation in every nation who followed the government spending approach. Not coincidentally, the national rate of inflation in every nation directly correlates to the scale of their spending in relationship to their GDP. Global inflation is raging amid the nations that locked down and then subsidized the missing economic activity with government spending.
♦ The second crisis is simple. All of that unsustainable spending has created massive government debt, that has to be paid back. The debt level within the western nations has skyrocketed.
However, if you take the outlook that WEF instructions were based on forethought this inflation and debt was going to be a natural consequence, a crisis created by following the plan, then it’s also likely the way out of the debt was going to be a global digital currency. How else could the World Economic Forum members possibly expect to pay for their: (a) current spend level, and (b) grand “build back better” agenda?
That global banking system and multinational financial outlook puts a very important context to how the west would look at the BRICS financial trade mechanisms as a threat.
Additionally, if this financial and banking issue is the true motive of western government, then suddenly a lot of our internal conservative political pro-Ukraine anti-Putin commentary starts to make sense.
People have wondered why folks like Mark Levin, Ben Shapiro and other conservative voices have been pounding the table demanding U.S. military involvement and more punitive actions against Vladimir Putin. In the U.S., people have wondered why suddenly a major section of the Republican establishment have aligned with the position of the WEF, UN, NATO, World Bank, George Soros, Hillary Clinton, etc.
If you accept the global banking system and international financial system is at risk, due to the strategies of Russia to avoid the sanctions, then suddenly the severe position of those voices makes sense. Follow the money.
Arguably, this global economic problem (debt and inflation) was directly caused by the collective western government response to COVID. However, now there’s another aspect that makes the debt and inflation seem small by comparison. If there was an alternative to currencies deliberately devalued by the collective western approach to government spending, wouldn’t you want to own that?
If the financial systems, central banks, and global financial mechanisms are fractured by an entirely new system to pay for trade, i.e. the BRICS approach, we end up with two distinctly different currencies (still undetermined) to pay for trade.
This outlook puts Sweden and Finland essentially in a position of choosing banking sides. NATO supporting the maintenance of Euros and Dollars, and the BRICS group, representing almost two thirds of the world population, fighting to go in another direction.
Posted originally on the conservative tree house on April 11, 2022 | Sundance
Catherine Engelbrecht and Gregg Phillips from ‘True the Vote’, sat down with Charlie Kirk for a lengthy interview and discussion about the 2020 ballot harvesting process that took place in multiple states. {Direct Rumble Link Here}
True the Vote worked through a painstakingly massive data file (2 petabytes) of cell phone use to identify “ballot mules,” people who were paid by political activist groups to gather massive numbers of mail-in ballots, take them to a central facility and then drop them off in various ballot collection boxes in specific states, specific counties and approximately 71 specific precincts. The trackable cell phone data was then matched with CCTV records to identify and document the ballot harvesting activity that took place.
The results of the data were shared with various public officers, state and federal law enforcement in an effort to document the potentially unlawful activity. Unfortunately, the political clubs (RNC and DNC) have largely ignored the story and avoided participating in any process that would use the information to bolster security efforts for the 2022 election. It’s a lengthy discussion with detail, but well worth the time. WATCH:
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Take out your cell phone. Go to where you would make a call. Type in *#06# and watch what happens. That’s the individual cell phone data, the tracking information, that was purchased and utilized by True the Vote to create the mapping of activity. A fascinating interview.
Another interesting aspect within the interview is the strong likelihood that after the 2020 election, federal law enforcement went through the work of obtaining cell phone tracking data of Trump supporters, then set up an electronic perimeter, a real time surveillance and monitoring system for the January 6th DC protest. Any pre-selected cell phone that tripped the created electronic fence, would then ping the feds. The cell phone would be matched to the physical identity of the owner, and that explains the speed of the feds to identify their J6 targets.
Posted originally on the conservative tree house on April 11, 2022 | Sundance
She did it again. Just like in February, when Psaki (seemingly out of the blue) gave a weird proactive statement about bad economic data that was going to be released the following day {LINK}. Earlier this afternoon White House spokesperson Jen Psaki gives another proactive justification for even worse inflation data that is about to be released from the Bureau of Labor and Statistics tomorrow.
In this brief soundbite, Psaki says the March inflation data that is going to be released tomorrow is going to show “Putin’s price hikes” on U.S. consumers. However, even within the framework of her false justification, she attempts to blame Putin for gas price increases in January, when the Russian military operations did not start until February 24th. The inflation news is going to be really bad tomorrow. How bad? WATCH:
None of this will come as a surprise to CTH readers. We noted in the February inflation data (released in March), that things were going to be much worse in the April release. The reason was simple, the massive gas price increases were not yet matriculated in the February data, and the massive food inflation was not yet captured by the USDA component. All of that preceded Russia’s invasion of Ukraine. None of it has anything to do with Vladimir Putin.
The inflation data that will be released tomorrow is the first visible data assembly of the second inflation wave now upon us. Remember, inflation data lags behind the reality of the price increases. What the BLS will show tomorrow is the price results from the last half of Feb through the half of the month of March. It will likely show the largest single month inflation increase in modern history.
How bad is the data going to be?
FLASHBACK TO February: “In my estimation, the massive price increases the bureau quantified through January were the end of the first wave of massive inflation that CTH warned about last October.
“Do what you can do now to start preparing your weekly budget in ways you may not have thought about before. Shop sales, use coupons, look for discounts and products that can be reformulated into multiple meals or multiple uses. Shelf-stable food products that can be muti-purposed with proteins is a good start. Consider purchasing the raw materials for cleaning products and reformulate them yourself to avoid these massive increases in petroleum costs.” [October Warning]
The recent announcement of price increases we have discussed, from food producers specifically (Kraft-Heinz, Proctor and Gamble, etc.), in combination with massive fertilizer and farming costs for future yield, is the second wave that has yet to be fully quantified. The second wave of retail inflation, only just beginning to arrive now in the February results, will extend throughout the spring.
Next month, March data reported in April, the second wave of inflation data should carry the first big jumps in gas and diesel prices. For ordinary people, this next round of food inflation will be focused predominantly in the ‘Fresh Foods‘ categories. Fresh produce, vegetables and fruits have short life cycles, and rapid increases in transportation costs hit that segment fast and hard.
On the positive side, our victory gardens are going up in value, very quickly. A few backyard growing boxes can generate an easy $200 to $500/month in fresh produce as the price of ordinary row crops at the store starts to double and triple. Mature citrus trees are worth their weight in gold right now.
The BLS data was collected at about the time of the red arrow in this graphic below (Feb 10 to 15). You can see where the gas price goes from the point at which the inflation data was collected. That 30% spike is what will roll-up into next month’s inflation data. (Written from the March data)
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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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