Cleveland Fed Chair Outlines Reasons Monetary Policy Cannot Lower Inflation When Energy Policy Is in Control


Posted originally on the conservative tree house on April 10, 2022 | sundance 

Loretta Mester, the president and CEO of the Federal Reserve Bank of Cleveland, appears on CBS Face the Nation to discuss inflation, the economy and monetary policy.  Ms Mester is in a tough place, because she cannot admit the influence of federal monetary policy is far outmatched in the era where Joe Biden energy policy is limiting oil and gas development and creating massive inflation.

Mester does admit the supply chain crisis will extend well into 2023, but blows hopeful unicorn wishes by projecting that price inflation will temper by the end of this year.  From the perspective that 20 to 50% price increases on critical goods (housing, food, fuel, energy) are unsustainable in repeated cycles, she is correct; the rate of inflation will lower. However, that’s only because the baseline prices will have increased so high the rate of increase measure falls.  WATCH:

A $4 item that gains a $2 increase holds a 50% rate of inflation.  The next year that $6 item again has a $2 increase, but the rate of inflation drops to 33%.  The price increase is the same, but the rate of inflation drops.  That’s what is going to happen in the second half of this year.  FUBAR

The White House is doing this on purpose in order to chase their ideological dreams of sustainable energy and climate change.  Energy prices underline the entire economy, because oil and gas prices touch everything.  Insofar as they continue the war against coal, oil and gasoline, there’s nothing monetary policy can do to combat inflation.  The Fed must however, pretend not to know things.

Zelenskyy Gives British Prime Minister Boris Johnson a Guided Tour of The Great Western Battle to Save Kyiv


Posted originally on the conservative tree house on April 9, 2022 | Sundance

To get a better context for the catastrophic and dangerous war zone that is Ukraine, yesterday European Commission President Ursula von der Leyen and European Commission Vice President Josep Borrell Fontelles visited President Zelenskyy in Kyiv {link}.  The primary purpose of the meeting was to affirm the intent of the EU to accept Zelenskyy into the Union.

Earlier today, British Prime Minister Boris Johnson also went into the war zone, toured the extreme chaos and battleground, and met with Zelenskyy (video below).

(Via MSM) – The UK is to send 120 armored vehicles and new anti-ship missile systems to Ukraine, Downing Street announced Saturday, after Prime Minister Boris Johnson paid an in-person visit to Ukrainian President Volodymyr Zelensky.

Johnson and Austria’s Chancellor Karl Nehammer made separate visits to Zelensky on Saturday, the latest in a string of leaders to travel to the country during the ongoing Russian invasion.

Johnson posted on Twitter that his visit to Kyiv was “a show of our unwavering support for the people of Ukraine” and announced a new package of financial and military aid.

“Ukraine has defied the odds and pushed back Russian forces from the gates of Kyiv, achieving the greatest feat of arms of the 21st century,” the UK PM said in a statement.

He praised Zelensky’s “resolute leadership” and the “invincible heroism and courage of the Ukrainian people,” adding that the UK “stands unwaveringly with them in this ongoing fight … we are in it for the long run.”  Later in his nightly address posted on social media, Zelensky thanked the UK and Johnson. (read more)

As seen in video promoted by the NATO alliance, Johnson and Zelenskyy ignored the threat of bombs, missiles and artillery that could be raining down upon them, and bravely walked without flak jackets, vests or even helmets despite the chaos.

Unfortunately, the cinematography produced by the western NATO alliance failed to capture the smell of burning diesel fuel from the aftermath of hundreds of tanks and weeks of street-to-street urban warfare.  However, it does appear that Johnson was prepared for hand-to-hand combat if any angry shopkeeper stepped out of line.   Courage is, as they say, contagious.  Footage below:

Neil Oliver, the COVID Schemes Cost Billions, but the Aftermath Costs Are Worse Than Money


Posted originally on the conservative tree house on April 9, 2022 | Sundance

Neil Oliver takes a look at the economics of COVID and how government intervention and spending has crushed the working class.  However, it is not the financial aspects that carry the worst debt in the aftermath, there is a human cost that can never be repaid or recreated.  WATCH:

{TRANSCRIPT} –  “There are debts that can be repaid and debts that can’t. During the time of Covid, vast piles of money were conjured into being by the government, borrowed as if by magic from the distant future. Unimaginable quantities of that funny money were wasted – spent on PPE that didn’t work or that wasn’t needed and is now yet more plastic heaped into landfills or otherwise littering the landscape and seascape. Millions went on the Nightingale hospitals that were never used. Around 37 billion pounds – ten percent of a total of 370 billion pounds set aside for Bounce Back Loans and the Eat Out to Help Out scheme – were lost to fraudsters. £37 billion pounds.”

“Lost to fraud and gone for good. Whatever the final figure for the theft, that money has simply been written off as irrecoverable. Taxpayers will foot the bill for it all eventually of course – along with paying back the rest of the trillions sprayed around with abandon by a government of headless chickens.

Furlough schemes paid billions more to employers so they could pay and thereby retain staff sent home to months of lockdowns during which the economy ground to a halt. All that debt has to be repaid too, by taxpayers. Hundreds of thousands of people, at least – many of them self-employed, did not qualify for any help at all while simultaneously being barred from going to work to try and earn livings for themselves and their families. To add insult to injury, those who received nothing, many who thereby lost everything – who had their noses pressed up against the outside of a window showing a financial feast to which they were not even invited – still have to put their hands in empty pockets to pay for help enjoyed by others but denied to them.

Those debts – including sums squandered, sums exploited by friends of those in power – will eventually have to be repaid, you might reasonably assume, one way or another, even if the sums concerned are so eye-wateringly huge those accounts will be glowing red for decades. It’s only money, you might say. You might say that if you’ve never gone without.

But then there are the other debts. Other debts that can’t be repaid and will never be repaid. Many and determined were the voices that warned and kept warning month after month that society was being undone by lockdown and the masking of faces.

The isolation and, perhaps worst of all, the incessant fear deliberately whipped up by government nudge units and pushed day after day until too many souls didn’t know which way was up, and still don’t. All of it was deliberately inflicted upon millions of people, some of them the most vulnerable – the poor, the elderly, children.

There were warnings of inevitable damage to mental health, to physical health – and so it has come to pass. The NHS has acknowledged what it has described as a “second pandemic” of depression, anxiety, psychosis and eating disorders.

So overwhelmed are specialists they are “bouncing back” many of those in need of help to the GPs who referred them – even those most at risk from suicide, self-harm and starvation. Doctors have warned people will simply die of conditions that must only be left untreated.

And then there are the children, and yet more debts that cannot be repaid. An Ofsted report says face masks and lockdowns have left a generation of our youngest children struggling to crawl, walk, talk, dress themselves, make friends – even to go to the toilet unaided.

Children that are two years old now spent their whole lives in a locked down, masked up world. Many of those of the poorest families spent weeks and months in homes with no outside spaces, stuck in rooms watching screens of one sort or another. The same report revealed children were mimicking the voices of cartoon characters after long hours spent watching and listening to nothing else.

The authors noted, in the simplest terms, that youngsters had missed out on: “stories, singing and having conversations.”

Babies born and raised in masked worlds are: “struggling to respond to facial expressions … particularly anxious and not used to seeing different faces.”

Stories, singing, playing, talking, seeing faces, after being fed and held in loving arms, these are among the most fundamental necessities of childhood. Tens of thousands of years ago our ancestors knew it mattered to tell their children stories, to sing them songs, so that all that had been learned by the ancestors would not be forgotten and the tribe would remain closely bound by the sharing of it all.

That some stories and songs have come down to us from a time beyond the reach of memory is testament to how much they were deemed to matter. Behaviour that was possible and essential around campfires in worlds separated from our own by ice ages, was thrown away by ours. What is lost or denied at the beginning of a life, is not necessarily obtained or regained later.

That an Ofsted report should find such basic life experience knowingly denied to millions of our youngest is appalling, unforgivable and shaming. This is nothing less than neglect – wholesale neglect by society of the most precious and vulnerable resource we have. All of it was avoidable and should have been avoided.

The decision to lock down and to enforce mask wearing was, I say, utterly wrong. And yet, this week, when questioned by this channel, prime minister Boris Johnson said he would not rule out applying lockdowns again in the future.

Obviously, to vow never to lock down again would be a tacit admission by him that they were the wrong move all along – and no modern, self-preserving PM would ever be so honest – but there we are … the lockdowns that did so much needless damage, caused so much unforgivable harm, remain on the table.

There will inevitably be those that say children are resilient – and so they are, thank goodness. But just because children are resilient doesn’t mean we should stress test them to destruction. And make no mistake – some of the ground lost already will never be recovered by many. Our debt to them will remain always unpaid.

Children now are growing up in a world very different to the one most of us remember. To take but one example: online, on social media, are images, videos and posts all pushing the same message – that changing your gender is the cure for all manner of problems.

Crowdfunders raise money to help children bypass the NHS and obtain puberty blocking drugs from private sources, and to pay for private operations to remove breasts, or to construct them, or to reshape genitals, or to remove internal anatomy including the womb. No one can honestly claim to know the long-term consequences of taking such steps.

This is another epidemic.

Between 2014 and 2015 there were around 700 referrals each year to the Gender Identity Service at London’s Tavistock clinic. That number rose to around 2,600 each year between 2019 and 2020.

That more and more children are unhappy, at the existential level, and reporting feeling uncomfortable with the sexual identity they were born with, is undeniable and poses all manner of questions in urgent need of answers. It is almost as though Gender Dysphoria had mutated to become as airborne as Covid ever was.

There is also, anyway, a growing preoccupation with the sexuality of children – all children. In Scotland and Wales, government surveys ask children as young as 13 about their “sex lives”, enquiring about what age they were when they first had sex, how long it has been since they last had sex.

Those are not even the most intrusive or intimate of the questions in those surveys. If I had been asked questions like those, by relative strangers, when I was 13, my explicit instructions from my parents were to run for home.

The incessant, relentless push to spend more and more time talking to children about sex and gender means I personally find it hard not to conclude that we are, as a society, being increasingly familiarised with the thought of sexually active children. Why would that be? To what end? For whose benefit? Certainly not necessarily the benefit of children who are, anyway, below the legal age of consent.

Life is short. Childhood is shorter still and, judging by what schools and other manifestations of officialdom want to talk to them about, have them think about, getting shorter every day.

Psychologists have known for years that children must be socialised by the age of four. If they have not become by then children able to take up their place in society – through mixing and playing with their peers and being supervised by responsible adults, whose faces they can see, whose mouths they can watch forming words, and all the rest of it – then at the most fundamental level they never will.

More and more it feels like the needs of children are being set aside and overlooked – sacrificed to ensure the wellbeing, comfort or objectives of their elders. Childhood itself is under attack, sullied by earlier and earlier confrontation with, and initiation into, the ways of adults.

During the time of Covid, the needs of children were put last. Education compromised or abandoned altogether. Play reduced to an afterthought, contact with family and friends forbidden. We could argue all day about the threat posed to children by the vaccines. Undeniable harm however has been done by two years of the mass psychosis of their elders.

More has been taken from children than might ever be measured. That debt will never be repaid.” (LINK)

.

The End of Ukraine – The Cyclical View


Armstrong Economics Blog/Ukraine Re-Posted Apr 8, 2022 by Martin Armstrong

QUESTION: Marty; Socrates is always amazing. I understand this forecast of war and Russia comes from the computer and you wish you were wrong. There is a video out there also saying the Bucha is a false flag even showing that people pretending to be dead in the streets with no blood and then when they think the camera passed they get up. It does seem that they are trying so hard to justify war and MSNBC is advocating America should invade Ukraine. Do you have any idea why these people just love war?

GC

ANSWER: I don’t know. It seems that these Neocons are just always trying to create wars. They can’t sleep at night without worrying about what other people are doing. My concern is that come January 2023; things will get much worse. Zelensky is a Neo-Nazi who just hates Russians and he is in bed with the Neocons and does NOTHING but try to create World War III. Zelensky has been bought and paid for and pushes the world into war so these people can implement all the tyrannical measures governments and the World Economic Forum have ever dreamed of. That’s what a real Young Global Leader of Schwab was trained to do. They will impose global digital IDs and claim that they are necessary to prevent Russian spies from infiltrating. They will also use them for rationing, especially with regard to food. They are calling for “equality” deliberately instigating race wars to keep the people divided. Then they use climate change as the excuse to impose a one-world government all because a single nation cannot win this fictional battle alone.

We are living in the midst of deliberate manufacturing of World War III, no different than every other war. Just as FDR imposed outrageous sanctions on Japan even seizing all Japanese assets and cutting off their energy supply all to compel them to attack Pearl Harbor to start the Pacific War and justify entering WWII. The US not only seized all Japanese assets in America, they then just imprisoned all Japanese even those born in America in a plain racist move. Their view of FDR was ruthless and there were even Congressional investigations into whether or not FDR deliberately created war with Japan finding it was “inconclusive” which neither exonerated him nor found him guilty. President Truman issued an executive order to withhold all evidence that the US had broken the Japanese code and as such knew in advance of Pearl Harbor. So once again, the government lied to the American people.

Then there was Lydon Johnson who started the Vietnam War, admitting we were never attacked. You can’t forget the weapons of mass destruction that never existed in Iraq or Obama’s attempt to start a war against Syria also on false flags of chemical attacks. Our leaders have NEVER told the American people the truth even just once about their constant desire to create wars.

Putin will most likely regroup and dig in taking the Donbas. Zelensky has no intention of peace talks for if he actually agreed to let Crimea and Donbas go complying with the Belgrade and Minsk Agreements, then there would be no reason for any sanctions against Russia which Washington will not support. This is a dog and pony show as always, and Zelensky will do everything possible to create World War III for they need to defeat Russia and China for the Great Reset.

I fear that this will get much worse in 2023, and sources in the military are deeply concerned over China’s supersonic missiles, which are a first-strike weapon that the US could not stop. If China and Russia were really seeking world dominance as the co-conspirators with the World Economic Forum, they would take out Washington, New York, London, Brussels, and Geneva in a rapid first strike before the West could even retaliate. These people want all sovereignty to be surrendered to the United Nations and thus the military power with all nukes will be in the hands of the United Nations and the deranged egotistical co-conspirators of Schwab and his World Economic Forum which is perhaps the greatest threat to human civilization. That’s why they needed a senile Joe Biden to just read the teleprompter.

Biden has destroyed the world economy, or the people writing these executive orders. There will NEVER be a return to normal. Removing Russia from SWIFT set China in motion to launch CHIPS and this is the END of globalization and world peace. Once nations are decoupled from trade, then there is no longer the worry of biting the hand that feeds them. This is simply how the co-conspirators of the World Economic Forum are planning to bring about their Great Reset. The only way to “reset” the world economy is to destroy it FIRST – then you get to BUILD BACK BETTER. These egotistical maniacs who think they can redesign the world as Karl Marx attempted, think they will terminate paper money, move to a digital currency, end black markets, and tax every transaction right down to an allowance you give your children to cut the grass each week.

However, I do not believe that they thought there would be a nuclear war. Imposing sanctions on Russia was all to create Regime Change no matter how much the handlers try to take back Biden’s declarations – “For God’s sake, this man cannot remain in power.” Biden has claimed we are headed into a long hard war “between democracy and autocracy, between liberty and repression, between a rules-based order and one governed by brute force.

Aside from the fact that neither the United States nor Europe lives in a Democracy when we only vote for “representatives,” which is a Republic, Biden proclaimed in Warsaw that “we must commit now to be in this fight for the long haul.” This is a major shift and it will only end implicitly by defeating Russia and China in their mind. This is the INTENTIONAL creation of World War III no different than FDR crushing Japan with sanctions to force them into war.

It is clear that the sanctions have only one purpose – Regime Change in Moscow. Not only has Biden constantly called Putin a war criminal and moved to try to initiate proceedings to prosecute Russian perpetrators of war crimes in Ukraine, but he has closed the door if not slammed it shut ending any possible resolution or restoring communications on a respectful basis. There is no question that the US and Europe are aiming to get rid of Putin and then Xi. Governments are failing unable to issue bonds continually, and they need this New World Order to shift the burden to the United Nations to govern the world.

Putin is NOT Stalin for Stalin would have used hypersonic nukes by now. Putin is NOT on their agenda but he now understands where this is all headed. The outrageous sanction Biden imposed on Putin right down to his children is uncivilized and intentionally directed at creating Regime Change. There are Neocons in Russia and China and they are screaming for war. Remove Putin and you will get the followers of Stalin seeking to even the score.

Even Hillary Clinton compares Ukraine to Afghanistan and believes they can defeat Russia by a combination of attrition in Ukraine and sanctions on the Russian people – not just the government. Hillary and the Neocons believed a political crisis in Moscow is possible, comparable to the one that dissolved the Soviet Union. However, they fail to comprehend that the abuse of always attacking Russians and their culture has turned the Russian population not against Putin, but the West. While we do not judge all Germans to be Hitler, or Italians to be supporters of Mussolini, when it comes to Russians, the West hates them as a people and attributes Stalin to all Russians who were never even Russians and his #1 was Polish. They seized Russia and turned it authoritarian against the dreams of Lenin.

Putin is not some Middle Eastern despot who they could topple, promoting the Iraq War and the Arab Spring. Russia has been assaulted on an individual level, and Russia does possess weapons of mass destruction. They have the largest arsenal of nuclear warheads in the world. No doubt, they too have chemical and biological weapons just like the Americans.

Those who proclaim that Ukraine must win seem to forget that the worse things go for Russia in conventional warfare, the higher the probability rises that Putin will respond with serious weapons. Ukraine may not have been inside NATO, but NATO trained the Ukrainian army. Putin now understands that and has suffered serious losses due to the weapons that were handed to Ukraine against the Belgrade Agreement of Neutrality.

China’s supersonic missiles can take out the United States faster than it can respond. The Belgrade Agreement of 1991 was supposed to ensure that Ukraine would remain neutral. The 2014 Minsk Agreement was supposed to allow the Donbas to separate as its own independent republic. It has been Zalensky who has sought to overturn both – not Putin.

Zelensky promised to reduce the tensions with Russia, for even CNN said back in 2019 that “Ukraine has been locked in a proxy war with Russia for five years, and the conflict has claimed around 13,000 lives in the country’s east.” Of course, now nobody will report the truth that the United States has been fueling this civil war in Ukraine all to stab Russia in the gut – the hated enemies of the Neocons who see all Russians as Stalin.

Interestingly, the Kremlin was hopeful that Zelensky would end the proxy war of the United States against Russia. His predecessor, Poroshenko, was seen as pro-war. In fact, CNN also reported that Russia was optimistic. They wrote:

“There are chances to improve Ukraine’s interaction with our country,” Russian Prime Minister Dmitry Medvedev said on Facebook. “What is needed for this? Honesty. And we need a pragmatic and responsible approach.

CNN further reported that Maria Zakharova, the spokesperson for the Russian Ministry of Foreign Affairs, had suggested Kyiv could actually change the direction of the country. CNN quoted her saying“With all the understanding of how the world works behind the scenes, I’ll still say: Ukraine can go for a reset.”

CNN also reported that the polls were very high at that time for anti-Russian sentiment in Ukraine.

It has been no secret that Ukraine is one of the top 10 most corrupt governments in history. Since 2017, the International Monetary Fund (IMF) has been demanding reforms, which have never really been implemented.  Just here in 2022, Zelensky has said that the IMF should now take into account the war and release money. Zelensky keeps asking for money from everyone he sees and there are deep concerns that the money people are sending to Ukraine to help the Ukrainian people never helps anyone other than corrupt politicians.

If anyone wants to donate money to Ukraine, ONLY send it to the International Federation of Red Cross and Red Crescent Societies (IFRC). Even I am getting texts from Ukrainian politicians asking me personally to send money, meaning they have my phone number.

As the Tribune Reported: The IMF had agreed to a $5 billion standby arrangement with Kyiv a year ago. $2.1 billion of that was disbursed quickly, but subsequent tranches have been withheld. The IMF is demanding progress on judicial and legal reforms, guarantees of central bank independence, and an end to heavily-subsidized energy prices. Other lenders, including the European Union, have also made new credits contingent on reforms. The United States has also criticized the pace of reforms. Ukraine is just hopelessly corrupt, and changing the head of state will NEVER clean house.

Zelensky believed that goal here of the US and its allies is to overthrow Putin. In his mind, Zelensky tried to attack targets inside Russia hoping that would force Russia to be more aggressive, and in turn that would bring in NATO. Zelensky has been doing everything he can to avoid peace and escalate the conflict. Those that think this will force Putin to resign are flirting with real danger. Putin is the most RESTRAINED of the top guys in power in Russia and removing Putin will guarantee World War III for the others clearly understand this is really a “TOTAL WAR” with the United States as the Russian Foreign Minister Sergey Lavrov has stated and the Ukrainians are just cannon fodder.

Zelensky is happy to sacrifice his own people for the agenda of the World Economic Forum. He has even supported attacking the Russian language but also Zelensky has been proposing the draft Law of Ukraine No. 7204 of March 22, 2022 “On Banning the Moscow Patriarchate on the Territory of Ukraine”, published on the VR website. Zelensky is doing everything he can to create war with Russia. Zelensky has supported the Ukrainian Nazis who have even bragged that they feed the bones of Russian-speaking children to their pet wolves and has called this guy a hero.

Then there are those who merely dismiss the risk of World War III preferring to overlook this stark reality that this is a Neocon war against Russia that will then turn against China backed by the World Economic Forum. They seem to think that threatening China with the same sanctions will prevent them from joining Putin. They are counting on China being stupid and assuming they will continue as normal if Russia falls. They know they will be next.

Back during the Cold War days, NATO surmised that it could not even hope to win a conventional war with the Soviet Union. That was why NATO relied on tactical nuclear weapons as a deterrent to prevent Russia from marching into Western Europe. Putin knows that today there is no chance of winning a conventional war with NATO and it too relies on nuclear weapons. Putin was NOT interested in conquering Ukraine. His mistake was being soft and his historical view that Kyiv was the mother country. The hardliners view that Putin has been soft and should have aggressively wiped out the Ukrainians. The danger will be any Regime Change in Russia and that may just wipe out the plans of the Neocons in league with Schwab.

The Kremlin has already made the argument that such an attack upon Russia is underway and this was deliberately using the civil war in Ukraine to compel Putin to defend the Donbas when he knew it was funded by the United States as always with their Proxy wars. The Russian foreign ministry has made it very clear: “Such statements from the American president, unworthy of a statesman of such high rank, put Russian-American relations on the verge of rupture.” Biden is clearly engaging in the typical Neocon rhetoric of DEMONIZING your opponent.

The Kremlin has described the comments as “personal insults” against Putin. Indeed, Russian Foreign Minister Sergey Lavrov took aim at the sanctions the United States and other countries have imposed on Moscow for its invasion of Ukraine, saying he believes that the West has declared “total war” on Russia and he is correct. Nikolai Patrushev, secretary of Russia’s Security Council, stated on Feb. 21, that “in its doctrinal documents, the United States calls Russia an enemy” and its goal is “none other than the collapse of the Russian Federation.” On March 16, Putin stated that the West was waging “a war by economic, political, and informational means” of “a comprehensive and blatant nature.

Russia will regroup and move to defend the Donbas which was the original goal, and Zelensky has acknowledged that he will not try to invade Donbas thereby leaving Biden’s sanctions never-ending and thus destroying the world economy. Zelensky refuses to relinquish the Donbas or Crimea, and by doing this, he will prolong the sanctions against Russia and hope Russia just collapses while using his own people as cannon fodder. But our models point to January and April of 2023, and it appears that there will be a resurgence of war in 2023. We will be doing a special report on this, for it does not look to be a bright future beyond 2022. The US Neocons indeed declared outright war on Russia and they understand that Ukraine is just cannon fodder for sport.

It is up to Ukrainians to Save the World by removing Zelensky from Power and simply releasing the Donbas & Crimea. Only that will stop the Neocons from this global assault on all our lives.

Republican Voter Registrations Surging in Pennsylvania Ahead of May 17 Primary


Posted originally on the conservative tree house on April 8, 2022 | Sundance

April 8, 2022 | Sundance | 209 Comments

Reuters has an interesting article about changes within the Pennsylvania electorate and a surge in Republican voter registration.   One of the key notes from their research is a large shift in Democrat registration voters switching to the Republican Party. “Republicans have converted four Democrats for every Republican who has switched to the Democratic Party, according to data published by Pennsylvania’s Department of State.”

In the Keystone State Republican U.S. Senator Pat Toomey is retiring this year, and Pennsylvanians will vote for governor following the exit of Democrat Tom Wolf.  Voter registration ends May 2nd, and the Pennsylvania primary is May 17th {link} [General election Nov 8].

The Pennsylvania voters, interviewed by Reuters, shared the issues they consider important to them including (1) crushing inflation, gas prices, (2) economy overall, (3) major rise in crime, (4) border security, and (5) cultural issues to include the leftist shift in education.

Even in strong Democrat districts like Philadelphia, the outcomes of Democrat local and national policies are turning voters toward the Republican Party.

The Reuters article frames the issue in terms of a warning to Democrats for the 2022 election, using example of voter registration shifts in key states.  However, as we have seen from the experience with the professionally Republican Party, if there’s one organization who can (intentionally) screw up an opportunity for push-back against advancing leftism, on either the state or especially the federal level, it’s the GOPe.

(Reuters) […] In addition to inflation and other economic issues, a growing number of Pennsylvania voters have become disillusioned with the Democratic Party over its perceived shift leftward on cultural matters, said Terry Madonna, a senior fellow in residence at Millersville University, a longtime political analyst in the state.

Madonna pointed to Republican Glenn Youngkin, who won the governorship of Virginia last year after campaigning on a promise to ban the teaching of critical race theory in schools, as an indicator of what will resonate with Pennsylvania voters.

“It’s not just inflation,” Madonna said, noting that Republicans scored a series of victories in municipal elections in the Philadelphia suburbs last year. “I think it’s a combination of things.” (read more)

Washington Post Laments Hungarian Prime Minister Viktor Orban Likely to Win Reelection Tommorow


Posted originally on the conservative tree house on April 2, 2022 | sundance 

The Washington Post, aka the U.S. intelligence community, is lamenting the likelihood that Hungarian nationalist Viktor Orban is likely to win reelection tomorrow despite the efforts of the multinational corporations and globalists in western politics trying to defeat him.

According to the public relations stenographers for the U.S. intelligence community, Orban retains a great deal of support from the working class in Hungary, despite the influence campaign the western alliance has been waging to support his political opposition.  The framework from the Washington Post indicates just how tentacled the U.S. government is in meddling in the affairs of our allies.

According to the CIA publication: “He has angered his neighbors and triggered harsh blowback from Ukrainian leaders for what they see as a wishy-washy reaction to the war. Yet by portraying himself domestically as a steady hand navigating between larger world powers, he has gained ground on the political opposition in Hungary and increased his odds of winning a fourth consecutive term as prime minister in a parliamentary election Sunday.

The WaPo notes the job of the global intelligence community and the western manipulators within the NATO alliance become more complicated with Orban likely to continue advocating for the best interests of his country.  This makes it more challenging for “the European Union, which is trying to maintain a hard line against Moscow — from all 27 members of the bloc — while also pressing Hungary on rule-of-law issues and democratic backsliding.”  Orban, an economic nationalist, represents another roadblock in the western effort to create new “democratic norms” through a one world order model of government.

(CIA Continues) – […] Specifically on Russia, Orban has criticized the invasion as an aggression and backed the E.U. in much of its response. But the country has opposed sanctions on energy supplies, and it hasn’t provided military aid to Ukraine.

All the while, Orban has signaled a warm welcome to 500,000 Ukrainians fleeing war — a reversal from his stance during an earlier migration crisis, when Hungary built a wall in response to people fleeing conflict in the Middle East and Africa. (read more)

Because, of course, no one can tell the difference from a marching horde of economic migrants from the Middle East, versus the compassionate position to accept conflict refugees from neighboring Ukraine.

Hungarian riot police officers stand in front of migrants at a collection point at Roszke village at the Hungarian-Serbian border on September 9, 2015. Some 400-500 migrants on Wednesday broke through police lines in Hungary near the main crossing point from Serbia, AFP reporters at the scene said. AFP PHOTO / ATTILA KISBENEDEK

On these nuanced issues, the intelligence community wishes to push a specific globalist and multicultural narrative, and those voices who would look at refugees from a commonsense perspective are, well, Putin apologists or something.  So sayeth the U.S. State Dept and their Big Tech overlords who collaborate with the intelligence community in the ideological quest to create the New World Order.

[…] the E.U. faces a major decision on whether to withhold billions in funding from Hungary as well as Poland for rule-of-law violations.

Heather Grabbe, director of the Open Society European Policy Institute, said there is a “huge danger in trading off the short-term unity of the war against the long-term unity of the E.U. as a community of law with integrity.”

[…] Last week, Ukrainian President Volodymyr Zelensky applied some pressure on Hungary as well, name-checking every E.U. member — mostly applauding their support — before stopping to speak directly to Orban.

Listen, Viktor, do you know what’s going on in Mariupol?” Zelensky said.

He mentioned visiting Budapest and seeing a memorial — depicting shoes left along the Danube riverbank — dedicated to Hungarian Jews who were shot at the water’s edge.

“Please, if you can, go to your waterfront,” Zelensky continued. “Look at those shoes. And you will see how mass killings can happen again in today’s world. … And you hesitate whether to impose sanctions or not?” (more)

Notice that sentence I highlighted above?

Notice how there’s no source attribution for the quote from Zelenskyy, a journalistic standard.  How did the Washington Post know he said those exact words.  ANSWER – the article was published in the Washington Post, but written by the U.S. Intelligence Community, who were listening in.  They slipped a little.  Every once in a while those little slips sneak through.

How was the U.S. intelligence community listening to those calls?  Occam’s Razor, Zelenskyy is an active operator for them, under their control.  There is evidence of this coming out now.

More on that later.

Report: Chicken, Pork and Beef Prices Likely to Skyrocket Due to Massive Increases in Feed Costs


Posted originally on the conservative three house on April 1, 2022

Hopefully this does not come as a surprise to readers here; however, according to analysis by industry insiders, Chicken prices are likely to increase by 70% this year once the full price increases in grain, used as feed, start to take hold.  Overall, we will likely see a leveling off in beef prices, but pork (due to soybeans) and chicken (due to grain) will increase significantly.

The issue is one we noted in December of last year when identifying the downstream consequences of fertilizer and component products used for the production of corn, wheat and soybeans crops. “You might say those crops do not seem like they are that important.  However, keep in mind that Corn, Wheat and Soybeans represent the baseline for not only grain production in the U.S, but they are also the primary feed products for proteins: chicken, pork and beef.” {Go Deep}

(Fox Business) – Evercore ISI issued a protein inflation note this week projecting that most protein prices are forecasted to increase “substantially” due to the higher feed costs, with chicken breast reaching as high as 70% year-over-year in the first half of 2022.  The analysis said pork and ground beef could climb as high as 20% year-over-year during the same period. (more)

That was last year. Those prices have doubled since then. GO DEEP

These anticipated price increases now being projected are what CTH refers to as the tail end of the second inflation wave.  We entered the second wave last month driven by massive fuel and gasoline increases.  Those costs will join with the fertilizer costs and create a snowball effect in the food sector.

Statistically the 2022 inflationary measure will look lower, because when the biggest part of the second wave hits, it will be cycling around in comparison time to the beginning of the first wave in 2021.  The percentage of change will be lower; however, the actual dollar increase in this second wave on food products will be higher than the first.

Home Sales Drop 4.1 Percent in Feb, Fourth Straight Month of Declines


Posted originally on the conservative tree house on March 31, 2022 

As workers and middle class Americans continue to be squeezed by Joe Biden inflation, the inability of wages to cover housing costs continues to create a burden in the housing market.

Investment groups are purchasing hard asset real estate, which continues to keep upward pressure on home values. However, ordinary Americans are no longer able to afford upgrade or starter home purchases.

Potential homeowners are forced to continue renting as prices for everything including food, gasoline and energy costs skyrocket.   Scraping by is JoeBamanomics in action.

(CNBC) – In a grim sign for the housing market’s busiest season, pending home sales, which measure signed contracts on existing homes, fell 4.1% in February compared with January, according to the National Association of Realtors.

Sales were down 5.4% compared with February 2021. Analysts were expecting a slight gain. This is the fourth straight month of declines in pending sales, which are an indicator of future closings, one to two months out.

[…] Today’s potential buyers are facing an expensive market. The median monthly payment on a new mortgage is now taking up a much larger share of a typical consumer’s income. It jumped 8.3% in February compared with January, according to a new index from the Mortgage Bankers Association. It is nearly 22% higher than it was in February 2021. For borrowers on the lower end of the market, that monthly payment is up nearly 10% month to month. (read more)

As March comes to an end, be prepared for the first quarter GDP release (last Friday in April) to begin telling the real story of how devastating inflation has become.

GDP is the estimation of all goods and services produced in the U.S. economy minus imports.  The GDP is measured in the value of those goods and services, meaning the rate of inflation is embedded in the GDP calculation.   What we are likely to see is actual GDP contracting, but the inflationary impact may give a false estimation.

The actual quantity of goods produced, goods sold and services rendered, has almost certainly declined; however, with the valuation of those goods carrying inflation in the price, the dollar estimation of the economy will look less bad.

Take care of the durable goods you own. Keep up the maintenance on your car, home and costly appliances.  Repairs and replacements can be devastating.

Inasmuch as you have prepared to withstand the inflation and increased scarcity of highly consumable goods like food, do not forgo proactive upkeep and maintenance on your vehicle, property and home HVAC system.  Protect your family, guide your family, stay strong for your family… by staying in the right box.

The Fourth Sunday of Lent


Posted originally on the conservative tree house on March 27,  2022 | Menagerie 

Lk 15:1-3, 11-32

Tax collectors and sinners were all drawing near to listen to Jesus,
but the Pharisees and scribes began to complain, saying,
“This man welcomes sinners and eats with them.”
So to them Jesus addressed this parable:

“A man had two sons, and the younger son said to his father,
‘Father give me the share of your estate that should come to me.’
So the father divided the property between them.
After a few days, the younger son collected all his belongings
and set off to a distant country
where he squandered his inheritance on a life of dissipation.
When he had freely spent everything,
a severe famine struck that country,
and he found himself in dire need.
So he hired himself out to one of the local citizens
who sent him to his farm to tend the swine.
And he longed to eat his fill of the pods on which the swine fed,
but nobody gave him any.
Coming to his senses he thought,
‘How many of my father’s hired workers
have more than enough food to eat,
but here am I, dying from hunger.
I shall get up and go to my father and I shall say to him,
“Father, I have sinned against heaven and against you.
I no longer deserve to be called your son;
treat me as you would treat one of your hired workers.”’
So he got up and went back to his father.
While he was still a long way off,
his father caught sight of him, and was filled with compassion.
He ran to his son, embraced him and kissed him.
His son said to him,
‘Father, I have sinned against heaven and against you;
I no longer deserve to be called your son.’
But his father ordered his servants,
‘Quickly bring the finest robe and put it on him;
put a ring on his finger and sandals on his feet.
Take the fattened calf and slaughter it.
Then let us celebrate with a feast,
because this son of mine was dead, and has come to life again;
he was lost, and has been found.’
Then the celebration began.
Now the older son had been out in the field
and, on his way back, as he neared the house,
he heard the sound of music and dancing.
He called one of the servants and asked what this might mean.
The servant said to him,
‘Your brother has returned
and your father has slaughtered the fattened calf
because he has him back safe and sound.’
He became angry,
and when he refused to enter the house,
his father came out and pleaded with him.
He said to his father in reply,
‘Look, all these years I served you
and not once did I disobey your orders;
yet you never gave me even a young goat to feast on with my friends.
But when your son returns
who swallowed up your property with prostitutes,
for him you slaughter the fattened calf.’
He said to him,
‘My son, you are here with me always;
everything I have is yours.
But now we must celebrate and rejoice,
because your brother was dead and has come to life again;
he was lost and has been found.’”

China Backs Russia – they are All-In


Armstrong Economics Blog/China Re-Posted Mar 26, 2022 by Martin Armstrong

QUESTION: Marty; I remember when the Chinese central bank said they were using capital flow analysis which is your model. You said China should buy US debt directly from the Treasury and not the NY bankers. They did that in a matter of weeks. So when they say they are on the right side of history, are they talking about your model forecasting they will replace the US as the financial capital of the world?

NH

ANSWER: You have to understand that Asians believe in cycles. They are part of their religion. Richard E. Nesbett wrote an interesting book entitled “The Geography of Thought, How Asians and Westerners Think Differently … and why.” He attributed his work to a Chinese student who said, “You know, the difference between you and me is that I think the world is a Circle, and you think it’s a line.” He goes on to quote him:

“The Chinese believe in constant change, but with things always moving back to some prior state. They pay attention to wide range of events; they search for relationships between things; and they think you can’t understand the part without understanding the whole. Westerners live in a simpler, more deterministic world; they focus on salient objects or people instead of the larger picture; and they think they can control events because they know the rules that govern the behavior of objects.”

In my 40 years of dealing with governments, I NEVER had to explain cyclical theory in Asia – only to American & European who do think always on a linear basis. They apply this to analysis like climate change. The temperature has risen say 5 degrees on years and they project that out and say we will all die in 7 years. NEVER does the West ever forecast cyclically – it is always linearly.

China understand cycles – we do not. They understand the rise and fall of empires, nations, and city states. They understand that Communism failed for it tried to defeat human nature. They see the future cyclically and that is what they are saying that they will be on the right side of history. They know the West is crumbing from within. The time that the US hands that title to China is upon the doorstep. The West has done nothing but try to force their ideas upon everyone abandoning freedom and they have introduced the cancelation culture. We have lost all the values that made America great. It is time for Europe and American to die the same way all empires die, by their own hand of suicide.

China being on the “right side of history” means they know the United States is declining and they will step into the void. They can “feel” it with or without my models.