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Jul 13 2023

Bill Gates Destroying The Environment with Mosquitoes?


Armstrong Economics Blog/Disease Re-Posted Jul 13, 2023 by Martin Armstrong

I rank Bill Gates up there with Klaus Schwab and George Soros as one of the greatest threats, combined with others, that will fulfill our computer’s forecast projecting the decline & fall of Western Civilization post-2032 and the sharp decline in world population. That has been his family’s goal since creating Planned Parenthood to promote abortions in minority areas to reduce the population of particular races. That was the clever way to turn eugenics into a woman’s right.

Now, Gates is dangerously altering the environment and there is no understanding of the profound damage he is causing this time all while;e pretending to care about the planet and humanity. In 2022, the Environmental Protection Agency (EPA) approved releasing more than 2 billion genetically altered male mosquitoes in Florida and California following a pilot program in the Florida Keys dating back to 2020. Of course, the so-called fact-checkers only spread their own disinformation and appear to be so hateful and biased that they support anything that undermines whatever is said by their opposition regardless of the truth.

Cases of malaria have emerged in the US for the first time in 20 years. They focus on the statement when this project was released. Oxitec’s work in the US has involved releasing genetically modified, male Aedes Aegypti mosquitoes in the Florida Keys with the purpose of combating insect-borne diseases such as Dengue fever and the Zika virus. The intent is to have the modified mosquitoes mate with female mosquitoes and pass on a genetic change in a protein that would render any female offspring unable to survive — thus reducing the population of the insects that transmit disease.

First of all, they just assume that their press release was telling the truth. They paint the picture that malaria was not among this disease they claimed they were targeting. There was no investigation to see if that was true or not. Or, that Gates would destroy our environment just as Australia did by importing one species to eliminate another and upset their entire ecosystem. Australia learned its lesson and you cannot import any animal whatsoever without the approval of the government.

In 1935, the Bureau of Sugar Experiment Stations tried to eliminate pesticides to kill the native grey-backed cane beetle that was destroying their sugar came crops. In June 1935, they imported 102 cane toads from Hawaii. By 1937, some 62,000 toadlets were bred in captivity and then released in Queensland. Now, the toad number over 200 million and have been known to spread new diseases altering the entire local biodiversity and there is no evidence that they have affected the number of cane beetles which they were introduced to eliminate.

While the fact-checkers claim linking Gates to malaria is a conspiracy theory without any investigation into whether that press release was true or not, even if we assume it was true in this world where it seems they are all liars, if we accept what Gates has done kills one species of mosquito that spread Dengue fever and the Zika virus, both of which were never a serious problem in the United States. Incidence of Dengue fever in the United States is rare, with only 865 cases reported in the US and 38 in the territories according to the CDC in 2019 (903 total), most of which were attributed to travelers that visited dengue endemic regions. That made no sense to launch mosquitoes in Florida and California when the disease was only among travelers who did not contract it in the United States, to begin with. And as for the Zika virus, the CDC reported only 32 cases in 2021. It seems very strange that Gates would spend millions of dollars to alter mosquitoes genetically for a disease that was not very common. This seems to imply that the press release was not true.

These fact-checkers have also totally ignored that the timing could not be better as they are planning to release a new mRNA vaccine to combat malaria. The Bill and Melinda Gates Foundation awarded Oxitec, a biotech company, a large grant to develop genetically modified mosquitos. I for one would NEVER trust Bill Gates with anything. His family has been on a mission to reduce the world population and I find it completely illogical that he cares about preventing disease to allow the population to increase.

It was Gates’ father behind Planned Parenthood which was behind the whole abortion issue that Justice Ginsberg said had nothing to do with women’s rights. The contraceptive chip he funded is to be implanted under a woman’s skin, releasing a small dose of levonorgestrel, a hormone. This will happen every day for 16 years and can be controlled using a wireless remote device. Any review of Bill Gates’ philanthropy reveals that it is not really charity, he expects a profit return and vaccines are one very profitable venture for him.

It was April 2021, when the Gates Foundation announced that 150,000 mosquitoes would be released throughout Florida. Aedes aegypti, a mosquito species known to carry infectious diseases, was set to be released in mid-2021 in both Texas and Florida. Gates claimed that these mosquitos, although deadly to humans, cannot reproduce and therefore would eliminate the mosquito population. The number of diseased mosquitos set for release continues to increase. In August of 2020, CNN reported that 750 MILLION diseased mosquitoes were set to be released in the Florida Keys. The Environmental Protection Agency (EPA) is utterly useless and agreed to this mass experiment without analyzing the risks. Governor Ron DeSantis did nothing to prevent these GMO insects from infecting Floridians. We know we cannot trust any government agency anymore. They are taking funding from the very people that they were supposed to regulate.

Oxtitec is calling this experiment “Friendly Mosquito Technology.” The company “anticipates” that it will not pose a risk to animals, people, or the environment. The government, CDC, WHO, FDA, EPA, and every corrupt government agency funded with tax dollars to protect the public are allowing this to take place. Will this prove to be Australia’s cane toad experiment that has destroyed much of its ecosystem?

“During these field tests, Oxitec will release male mosquitoes into the environment that have been  genetically modified to carry a protein that will inhibit the survival of their female offspring when they mate with wild female mosquitoes. The male offspring will survive to become fully functional adults with the same genetic modification, providing multi-generational effectiveness that could ultimately lead to a reduction in Aedes aegypti mosquito populations in the release areas. EPA anticipates that this could be an effective tool to combat the spread of certain mosquito-borne diseases like the Zika virus in light of growing resistance to current insecticides.”

Gates funded the largest mosquito-growing facility in the world. A two-story building in Medellín, Colombia, is producing 30 million modified mosquitos per week. They are dropping eggs packed in gelatin capsules into the water to hatch, as well as releasing fully grown adult mosquitos into the air.

How much did Bill Gates make from his COVID-19 Vaccine while immune from lawsuits for even killing some people?

Remember Gates and the lockdowns? The program he funded with Ferguson was a joke. I was given the code and asked to review it from a British source. It was used to create the whole lockdown nonsense that wiped out businesses and he had no problem altering society as a whole. The government is permitting Gates to use the population as his test subject as this Administration seems to allow. Every government agency has approved of this method, swearing up and down it is safe.

Now we have a resurgence of a deadly disease not seen in the US for two decades. Where is the outrage? I have NEVER been bitten by mosquitoes ever here in Florida as I have been this year. I have had to go buy bug lights and place them all around my yard and even put them inside my home. Thank you, Gates. I will reverse my choice of words for your character to myself.

We now have malaria for the first time in 20 years. What nobody seems to have brought up is that if Gates has killed off only one species of mosquito, then if it really is a different species that carries malaria, then they will thrive. He is killing off one species and expanding another. He certainly likes to play god, we really need to stop this insanity for there is no way he cares about eliminating disease and at the same time reducing population. It just makes no sense.

Russia has deep concerns that what Gates is really doing is plotting biological warfare. Even the Nazis were playing this game of releasing mosquitoes to give opposing troops malaria. Russia has brought this issue up that the US has been experimenting with using mosquitoes and ticks to deliver genetically created diseases to wipe out opposition forces. There is a lot more behind what Gates is doing than the press is willing to print.

https://youtube.com/watch?v=_QAKz_cxTlQ%3Ffeature%3Doembed

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By Centinel2012 • Posted in America is becoming a demented, sick and evil country, America's government is conducting psychological warfare against domestic citizens, Big Government A Clear & Present Danger, Big Pharma A Clear and Present Danger, Big Tech -Vs- MAGA, Bill Gates A Clear & Present Danger, Bill Gates Funded Wuhan Lab, Bill Gates funding Oxited to produce mosquitoes, Bill Gates has a new nRMA for Malaria, Bill Gates has factories to make mosquitoes, Bill Gates involved in the Food industry, Destruction of Western Civilization, Ecofascism, Ecological Disaster, End of Fossil Fuel, End of Private Property, End of the Middle Class, End of the Nuclear Family, End of the Rule of Law, End of U.S. Constitution, Environmental Social Governance (ESG), Following ESG will take you to Marxism, Genetically modified Mosquitoes • Tagged 15 Minute City, 2023, Accessory Dwelling Units, Agenda 2030, Antichrist, Assassinations, Benchmarking the Transition to Sustainable Urban Mobility All private cars will be eliminated by 2050, Bilderbergs, Bill Gates, Boris Johnson, BRICS (Yuan) to replace the Dollar by 2029, Burn the Books, Canada, Cartels, Cashless, CDU, Central Planning, Christine Lagarde, Chrystialand, CIS, CISA, Civil unrest, Civitas, Claas Relotius, Climate, 15-Minute Cities, Collapse of the EU, Communism, Conflicting cultures, Conservative Christian Democratic Union, Corruption, cyber war, Cycle of war, De-banking and De-personing, Debt bubble, Depopulation, Depression, Der Spiegel, Destroy China, Destroy Russia, Destroy Ukraine to Destroy Russia, DHS, dictators, Digital Euro, drugs, ECM, Economic Collapse, EIP, eliminate cash, Eliminate Putin, Eliminate Russia as a country, Emmanuel Macron, End of Free Speech, EU banking collapse, EU military under Brussels, EU President Donald Tusk, Eugenics, Euro Crisis, European Army, Eurosceptic League, False Flag, Fingerprint Cards AB, Five Star Movement, Food Riots, Fox News #1 rated television host Tucker Carlson Terminated April 24, Friedrich Merz, G-20, GDPR, Geert Wilders, Geneva interim agreement, George Soros, Germany, Greece, Green agenda destroying food supply, Green Energy, Hunt for Taxes, Huxley’s “Brave New World”, Illuminati, IMF Inflation, Inflation Reduction Act, Islam migration to the EU, J6 CCTV cameras, J6 Insurrection, Jean-Claude Juncker, Jeremy Corbyn, JIRA, Juan Guaido, Keynesian Economics, Klaus Schwab, Lagom, Lopez-Obrador, Marine Le Pen, Mario Draghi, Marxism, Mass, Mom's for Liberty, Multiculturalism, NASED, NATO, negative interest, New Monetary Theory, new world order, NGO, Nigel Farage, NMT, No Peace for Russia, Non-Government Organization, NORAD, NWO, OECD, Olaf Schulz, One World Church, One World Government, open borders, Organ harvesting, Peace off the Table, Population control, Prime Minister Justin Trudeau Removing Attorney Client Privilege, Progressivism, Propaganda, Refugee Crisis, Refugee invasion, Rig All Elections Everywhere, Russia, Russian Hackers, Saxony, Schengen Agreement, Sigrid Kaag, Social Democrats, socialism, Sovereign Debt Crisis, SPD, sustainability, Territorial disputes, Terrorism, The end of free speech, The Great Reset, The plague, The Urban Mobility Scorecard Tool, Trade Wars, tyrants, U.S. is being invaded, UK Central Bank Digital Currency, UKIP, Ukraine, Ukraine’s Azov Battalion, UN, UN Digital ID, US AV-8 Harrier Aircraft, Vancouver housing bubble, Vladimir Putin, Wagner Group, WEF, Wide open southern border, world bank, Writs of Assistance, WW III, Yellow Vest protests World War III, Yevgeny Prigozhin, You will own nothing and be happy., Zelensky Tales Oscar for Best Actor Ever
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Jun 18 2023

Confidence in America is Collapsing


Amstrong Economics Blog/ECM re- Posted Jun 18, 2023 by Martin Armstrong

Despite the cheering from the Washington Post, CNN, NY Times, and the rest of the anti-Democracy press that supports their stringent demands upon the nation, my phone has been in meltdown ever since Trump was arrested. These leftist zealots are cheering the end times for EVERY phone call I have had from Asia to Europe, they are all expressing complete shock that the United States is collapsing and they are now all seeing that our forecast that the 2024 Presidential Election would be the most corrupt in history and market the END of democracy in the United States.

These people just do not get it, They crossed the line and now the view of the United States from the outside looking in, they no longer believe that America is the beacon of liberty to the world. It is becoming so obvious that our computer will be right again. I warned it even was showing that the 2024 election might not even take place. That was a small 18% probability, but that NEVER came up EVER in this history of running our political models – NEVER!

This year, 2023, was a MAJOR Directional Change that was showing up in both the LEFT & the RIGHT databases. The year 2025 is when a president would take office in January.  This has been the #1 target on our political models for decades. The NEOCONS are in full control of the government. There is no way to stop the collapse of the United States at this point. Nobody will listen and there is nothing I can do. People often ask what if people protested? We will never realize the opportunity to reestablish a new form of government post-2032 without the pain and destruction first.

During the Reign of Valentinian I and his brother, Valens, who came to power in 364AD where Valentinian I died in 375 and Valens ruled into 378, there are serious correlations from both and economic and monetary perspective. They too saw their power weakening so they allowed the Goths to cross the Danube and settle within Roman territory provided they would also then serve in the Roman military. This is what is really behind Biden allowing all these people to flood in through the border. What they do not realize,  is that history repeats as Biden grants citizenship in return for military service. The Neocons want to build an army to defeat China and Russia simultaneously. Additionally, they assume that all these illegal aliens will vote Democrat so they can decimate the economy of natural-born citizens.

Besides the barbarians storming across the border as we see today under the Biden Administration, here is a tax collector’s ingot. There was so much debased coinage in circulation, they no longer would accept their own coins in payment for taxes. Instead, the taxes were to be imposed by weight and in-kind. The coins had to be melted down. Below the bar, is a weight you would put on one side of the scale. Here we are on the dawn of digital currencies and the elimination of all paper money and even cryptocurrencies whereby they will only accept digital to end what they see as the black market.

Here is a medieval coin scale serving the same purpose – accept coins only by weight.

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By Centinel2012 • Posted in After trump, We are Next, AG Garland A Clear and Present Danger, Alex Soros son of George Soros, Alvan Bragg A Clear and Present Danger, America dies in 2032, America Last, America's government is conducting psychological warfare against domestic citizens, American Dictatorship, American's Second War for Independence, Americas government is interfering in the governments of other countries, An administrate State is not constitutional, Anthony Blinken a Clear and Present Danger, Anthony Fauci A Clear and Present Danger, Anti God, Anti-Religious Left Targets Christians, Arizona Election Fraud in 2022, Atlanta Georgia, “Special Grand Jury”, “non-compliant searches.”, Barach Obama A Clear and Present Danger, Biden & Zelensky will Destroy Western Civilization, Biden illegally accepted bribes from foreign nationals, Biden's Burisma Audio Tapes, Biden’s Classified Documents., Big News A Clear & Present Danger, Big Tech -Vs- MAGA, Bill Gates A Clear & Present Danger, Breakdown of Social Order, Breakup of the United States, Capitol Hill J6 CCTV Tapes and Publicizes Footage, CCTV Footage from Fake January 6th "insurrection", Central Bank Digital Currency or CBDC, Club for Growth - David McIntosh, collapse in the rule of law leads to the collapse in the Nation, Corporate CEI social credit score, Corporate Donors -vs- MAGA, Corporate ESG climate social credit score., Corrupt American Government, Corrupt DNC Club, Corrupt Elections, Corrupt RNC Club, Decline and Fall of America, Democrats Turning the United States into a Marxist Tyranny, Destroy President Trump at any cost, Destruction of MAGA at any cost, DOJ has filed an indictment consisting of seven counts against President trump, DOJ-NSD files Motion limiting Trumps ability to Defend Himself, DOJ-NSD Jack Smith, DOJ-NSD Jack Smith, Andrew Weissmann, Norm Eisen, and Lisa Monaco, DOJ-NSD US Code 793 to Prosecute Trump,, Donald J. 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Jun 5 2023

Biden Backed BlackRock’s Push for the ESG


Amstrong Economics Blog/Climate Re-Posted Jun 5, 2023 by Martin Armstrong

(images directly from BlackRock’s website – click on them to enlarge)

The first bill that President Joe Biden vetoed was a bill intended to dissolve the ESG climate social credit score. The bill passed 50-46 in the Senate before being destroyed by Biden. Out of all the issues facing America, Biden chose to use his presidential powers to kill this bill because it is intended to promote the Great Reset to Build Back Better.

House Speaker Kevin McCarthy (R-Calif.) stated that the “woke ESG rule [would let] Wall Street use your retirement savings to fund left-wing political causes.” “The House blocked Biden’s woke ESG agenda. The Senate blocked Biden’s woke ESG agenda. Now it heads to the President’s desk. He must side with American workers and sign it immediately,” McCarthy stated, only to have Biden veto the bill. Those in support of the bill stated that the Labor Department was given the power to misdirect $12 trillion in retirement funds affecting 150 million Americans.

BlackRock CEO Larry Fink naturally supported Biden’s veto. GOP donors held a conference in March in which they asked the panel: “Who’s more important: shareholders or stakeholders? Is the ‘stakeholder capitalism’ being sold by Larry Fink and other investors really stakeholder politics?” They also accused Vanguard and State Street of meddling in politics on behalf of the far left. Fink responded to critics by claiming BlackRock was not the “environmental police.”

Furthermore, Fink claimed that it is the place of government, and not companies, to implement social and environmental policies. This goes directly against his letter “A Sense of Purpose,” in which he said the people needed the private sector to implement policies since government had failed to do so. Fink insists clients want sustainable and progressive investment opportunities to add to their portfolios. Yet, BlackRock is known to abandon companies that fail to adhere to strict ESG policies.

Fink points to natural disasters that humans could never prevent as a main reason for forcing the ESG score. The truth of the matter is that these titans of finance and various global governments are all supporting the Great Reset movement.

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By Centinel2012 • Posted in BlackRock & Vanguard, Climate Change, Ecofascism, Environmental Social Governance (ESG), Following ESG will take you to Marxism, Global Climate Change Emergency • Tagged 2023, Agenda 2030, Antichrist, Assassinations, Bilderbergs, Bill Gates, Boris Johnson, Burn the Books, Canada, Cartels, Cashless, CDU, Central Planning, Christine Lagarde, Chrystialand, CIS, CISA, Civil unrest, Civitas, Claas Relotius, Collapse of the EU, Communism, Conflicting cultures, Conservative Christian Democratic Union, Corruption, cyber war, Cycle of war, Debt bubble, Depopulation, Depression, Der Spiegel, DHS, dictators, Digital Euro, drugs, ECM, Economic Collapse, EIP, eliminate cash, Emmanuel Macron, End of Free Speech, EU banking collapse, EU military under Brussels, EU President Donald Tusk, Eugenics, Euro Crisis, European Army, Eurosceptic League, Five Star Movement, Food Riots, Fox News #1 rated television host Tucker Carlson Terminated April 24, Friedrich Merz, G-20, GDPR, Geert Wilders, Geneva interim agreement, George Soros, Germany, Greece, Green agenda destroying food supply, Green Energy, Hunt for Taxes, Huxley’s “Brave New World”, Illuminati, IMF Inflation, Inflation Reduction Act, Islam migration to the EU, J6 CCTV cameras, J6 Insurrection, Jean-Claude Juncker, Jeremy Corbyn, JIRA, Juan Guaido, Keynesian Economics, Klaus Schwab, Lagom, Lopez-Obrador, Marine Le Pen, Mario Draghi, Marxism, Mass, Multiculturalism, NASED, NATO, negative interest, New Monetary Theory, new world order, NGO, Nigel Farage, NMT, Non-Government Organization, NORAD, NWO, OECD, Olaf Schulz, One World Church, open borders, Organ harvesting, Population control, Prime Minister Justin Trudeau Removing Attorney Client Privilege, Progressivism, Propaganda, Refugee Crisis, Refugee invasion, Russia, Russian Hackers, Saxony, Schengen Agreement, Sigrid Kaag, Social Democrats, socialism, Sovereign Debt Crisis, SPD, sustainability, Territorial disputes, Terrorism, The end of free speech, The Great Reset, The plague, Trade Wars, tyrants, U.S. is being invaded, UK Central Bank Digital Currency, UKIP, Ukraine, Ukraine’s Azov Battalion, UN, US AV-8 Harrier Aircraft, Vancouver housing bubble, Vladimir Putin, WEF, Wide open southern border, world bank, Writs of Assistance, WW III, Yellow Vest protests World War III, Zelensky Tales Oscar for Best Actor Ever
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May 18 2023

The COVID Refinance Boom is Over – See Who Benefitted


Armstrong EconomicsBlog/Real Estate Re-Posted May 18, 2023 by Martin Armstrong

New mortgage originations have reached their lowest level since Q2 of 2014. Inventory remains historically low, shelter costs are historically high, and it makes no sense for most to refinance with current mortgage rates over 6% on the 30-year. Originations, including refinances, came in at $323.5 billion during Q1 of 2023. The NY Fed reported that borrowing in general has reached $17.5 trillion, a $150 billion increase, as families grapple with inflation. The refinance boom in 2020 and 2021 will impact real estate for generations to come.

The NY Fed discusses the COVID refinance boom (Q2 of 2020 to Q4 of 2021) in a recent article. Fourteen million mortgages were refinanced during this period when mortgage rates reached record lows. Mortgage rates plummeted 200 bp from Nov. 2018 to November 2020. The last upticks in refinances occurred in 2003 and again in 2013 when rates also fell 200 bp. However, rates were at their lowest level during the COVID refinance boom, allowing many to take out equity from their homes and reinvest. Home equity reached a record high in the time leading up to the pandemic, and the continued rise in home prices provided numerous owners with additional equity.

One-third of all outstanding mortgages were refinanced over the span of 7 quarters. About 64% of refinances were “rate refinances,” classified as those with a balance increase of less than 5% of the mortgage amount. Those who chose this route saved an average of $220 per month. Cash-out refinancers took out $82,000 on average, increasing monthly payments by $150. Around 5 million borrowers extracted a total of $430 billion during the COVID refinance boom—a significant sum.

The 9 million who did not extract equity reduced mortgage payments by $24 billion annually. These figures are something I do not expect to see again in my lifetime. Those holding their breath for rates to drop under 3% again should come up for air. Homeowners are disincentivized to sell at current rates, not to mention home prices are AT LEAST 36% higher than before the pandemic. Everyone’s investment strategy is unique, but those who were able to use their home’s equity to invest during the bottom of the market made out well. The period between Q2 of 2020 to Q4 of 2021 will be a reference point for years to come.

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By Centinel2012 • Posted in A Life of Pretending, America's government is conducting psychological warfare against domestic citizens, Banking, Banking Crisis, Barter Economy, Biden A Clear and Present Danger, BIDENomics, Bidens Administration is FUBAR, Big Government A Clear & Present Danger, BlackRock & Vanguard, Breakdown of Social Order, Consumer Price Index (CPI), Contagion Bank Collapse, Democrats moving to Communism, Environmental Social Governance (ESG), Evidence of U.S. Intelligence Community Conducting Domestic Political Disinformation Campaign, FED's goal with the economy is like turning a F350 into a little red wagon, Government Debt, Government Debt Limit, Inflation Reduction Act, Inflation Reduction Act is a Democrat Trojan Horse, Intelligence Community (IC) A Clear & Present Danger, Living in a Potemkin Village, The change of the west into a Totalitarianism system of government, The decline & Fall of the United States, The deep State's war against Donald trump, The FED's goal is to shrink the U. S. economy, The Weaponization of the Federal Government, Woke-ism Diversity Equity and Inclusion (DEI Score), Woke-ism Diversity Equity Inclusion (DEI) Score • Tagged 2023, Agenda 2030, Antichrist, Assassinations, Bilderbergs, Bill Gates, Boris Johnson, Burn the Books, Canada, Cartels, Cashless, CDU, Central Planning, Christine Lagarde, Chrystialand, CIS, CISA, Civil unrest, Civitas, Claas Relotius, Collapse of the EU, Communism, Conflicting cultures, Conservative Christian Democratic Union, Corruption, cyber war, Cycle of war, Debt bubble, Depopulation, Depression, Der Spiegel, DHS, dictators, Digital Euro, drugs, ECM, Economic Collapse, EIP, eliminate cash, Emmanuel Macron, End of Free Speech, EU banking collapse, EU military under Brussels, EU President Donald Tusk, Euro Crisis, European Army, Eurosceptic League, Five Star Movement, Food Riots, Fox News #1 rated television host Tucker Carlson Terminated April 24, Friedrich Merz, G-20, GDPR, Geert Wilders, Geneva interim agreement, George Soros, Germany, Greece, Green agenda destroying food supply, Green Energy, Hunt for Taxes, Huxley’s “Brave New World”, Illuminati, IMF Inflation, Inflation Reduction Act, Islam migration to the EU, J6 CCTV cameras, J6 Insurrection, Jean-Claude Juncker, Jeremy Corbyn, JIRA, Juan Guaido, Keynesian Economics, Klaus Schwab, Lagom, Lopez-Obrador, Marine Le Pen, Mario Draghi, Marxism, Mass, Multiculturalism, NASED, NATO, negative interest, New Monetary Theory, new world order, NGO, Nigel Farage, NMT, Non-Government Organization, NORAD, NWO, OECD, Olaf Schulz, One World Church, open borders, Organ harvesting, Population control, Prime Minister Justin Trudeau Removing Attorney Client Privilege, Progressivism, Propaganda, Refugee Crisis, Refugee invasion, Russia, Russian Hackers, Saxony, Schengen Agreement, Sigrid Kaag, Social Democrats, socialism, Sovereign Debt Crisis, SPD, sustainability, Territorial disputes, Terrorism, The end of free speech, The Great Reset, The plague, Trade Wars, tyrants, U.S. is being invaded, UK Central Bank Digital Currency, UKIP, Ukraine, Ukraine’s Azov Battalion, UN, US AV-8 Harrier Aircraft, Vancouver housing bubble, Vladimir Putin, WEF, Wide open southern border, world bank, Writs of Assistance, WW III, Yellow Vest protests World War III, Zelensky Tales Oscar for Best Actor Ever
0
May 18 2023

Home Depot Cuts Forecasts, Target Earnings Suffer – Watch Comparable Same Store Sales, Now We Are Cycling Sales Value of Inflation


Posted originally on the CTH on May 18, 2023 | Sundance 

Those of you who are keen financially minded individuals will note exactly what is happening in these recent reports, HOME DEPT HERE – TARGET HERE.  Those of you who are retail investors in the stock market might also see the bigger picture.

Home Depot and Target essentially share the same customer base or market audience. They service a larger segment of the American middle class.  Both companies are reporting negative financial outcomes as a result of low comparable sales, or same store sales comparisons, to last year.   This should not be a surprise, yet Wall Street is seemingly caught off guard.

Right now, we are on the tail end of the massive inflation cycle that took place in 2021 through 2022.  Current inflation, as measured by the rate of price increase over the same period last year, is lower.

Now we are starting to see companies reporting sales comparable without the benefit of massive inflation to assist.

Example – when inflation is running at 10%, a company can report 8% sales growth, and everyone smiles.  However, the sales growth was created by the inflation.  The actual unit sales of goods have declined; the store is reporting higher sales because the prices are higher.  When the sales cycle through to lower inflationary comparisons, the drop in unit sales shows up as drops in topline sales.   This is the cause of both Target and Home Depot now reporting lower than expected comparable sales versus last year.

In real terms, this is why using sales data as a measure of economic growth is less valuable during periods of high inflation.  Significant inflation hides the diminished sales of units, which should be the true measure of sales growth.  I have been tracking unit sales as a measure of economic activity, and the truth is that unit sales have been declining since the fourth quarter of 2021.

Inflation was hiding the recession, and as the rate of price increase diminishes, the sales contraction will show the recession.  This is what Target and Home Depot are reporting, and we can all expect to see the same over the next 90 days.  Retail stocks will drop as the earnings and sales reports are revised down due to lower inflation.

Wall Street Journal – Target sales suffered in the most recent quarter as shoppers stopped splurging as frequently on trendy clothes, home goods and other items that make up the bulk of the retailer’s annual revenue.

Comparable sales, those from stores and digital channels operating for at least 12 months, came in flat for the quarter ended April 29 compared with the same period last year. That is slightly lower than the previous quarter’s 0.7% rise and lower than analysts’ expectations for a 0.2% sales rise in the most recent quarter, according to estimates from FactSet.

Sales of food and beverage, beauty and home essentials such as detergent rose, while demand for apparel, home goods and items such as toys and electronics fell sharply in the most recent quarter as shoppers further pulled back on discretionary spending, said Target executives on a call with analysts Wednesday. The latter discretionary categories make up around 54% of Target’s annual sales, according to financial filings. (read more)

Reuters – Home Depot Inc (HD.N) on Tuesday cut its annual sales forecast and projected a steeper-than-expected decline in profit, stoking fears about inflation-wary consumers trimming discretionary spending as a big earnings week for U.S. retailers rolls out.

Shares of the largest U.S. home improvement chain, which also blamed a wet start to Spring and falling lumber prices for a first-quarter sales miss, tumbled about 4%, while those of smaller rival Lowe’s Cos Inc (LOW.N) dropped nearly 3%.

[…] Demand was weak for discretionary items like patio furniture and grills, as well as appliances, flooring, kitchen and bath, said William Bastek, executive vice president of merchandising at Home Depot.

[…] Home Depot now expects fiscal 2023 comparable sales to fall between 2% and 5%, compared to its prior outlook for nearly flat sales. (read more)

Next up…. Walmart

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By Centinel2012 • Posted in A Life of Pretending, America's government is conducting psychological warfare against domestic citizens, Biden & Zelensky will Destroy Western Civilization, Biden A Clear and Present Danger, Biden “Let’s Finish the Job”, Big Government -V- MAGA, Big Government A Clear & Present Danger, Central Planning, Cultural Marxism Destroys Society, Democrats A Clear and Present Danger, Democrats moving to Communism, Destruction of all Fossil Fuels, Destruction of MAGA at any cost, Destruction of U. S. Constitution & Bill of Rights, ECM Model, Economic Collapse, Economic Confidence Model, Eliminate all Blue Collar jobs, End of Private Property, End of the Nuclear Family, Environmental Social Governance (ESG), Evidence of U.S. Intelligence Community Conducting Domestic Political Disinformation Campaign, Woke-ism Diversity Equity and Inclusion (DEI Score) • Tagged 2023, Agenda 2030, Antichrist, Assassinations, Bilderbergs, Bill Gates, Boris Johnson, Burn the Books, Canada, Cartels, Cashless, CDU, Central Planning, Christine Lagarde, Chrystialand, CIS, CISA, Civil unrest, Civitas, Claas Relotius, Collapse of the EU, Communism, Conflicting cultures, Conservative Christian Democratic Union, Corruption, cyber war, Cycle of war, Debt bubble, Depopulation, Depression, Der Spiegel, DHS, dictators, Digital Euro, drugs, ECM, Economic Collapse, EIP, eliminate cash, Emmanuel Macron, End of Free Speech, EU banking collapse, EU military under Brussels, EU President Donald Tusk, Euro Crisis, European Army, Eurosceptic League, Five Star Movement, Food Riots, Fox News #1 rated television host Tucker Carlson Terminated April 24, Friedrich Merz, G-20, GDPR, Geert Wilders, Geneva interim agreement, George Soros, Germany, Greece, Green agenda destroying food supply, Green Energy, Hunt for Taxes, Huxley’s “Brave New World”, Illuminati, IMF Inflation, Inflation Reduction Act, Islam migration to the EU, J6 CCTV cameras, J6 Insurrection, Jean-Claude Juncker, Jeremy Corbyn, JIRA, Juan Guaido, Keynesian Economics, Klaus Schwab, Lagom, Lopez-Obrador, Marine Le Pen, Mario Draghi, Marxism, Mass, Multiculturalism, NASED, NATO, negative interest, New Monetary Theory, new world order, NGO, Nigel Farage, NMT, Non-Government Organization, NORAD, NWO, OECD, Olaf Schulz, One World Church, open borders, Organ harvesting, Population control, Prime Minister Justin Trudeau Removing Attorney Client Privilege, Progressivism, Propaganda, Refugee Crisis, Refugee invasion, Russia, Russian Hackers, Saxony, Schengen Agreement, Sigrid Kaag, Social Democrats, socialism, Sovereign Debt Crisis, SPD, sustainability, Territorial disputes, Terrorism, The end of free speech, The Great Reset, The plague, Trade Wars, tyrants, U.S. is being invaded, UK Central Bank Digital Currency, UKIP, Ukraine, Ukraine’s Azov Battalion, UN, US AV-8 Harrier Aircraft, Vancouver housing bubble, Vladimir Putin, WEF, Wide open southern border, world bank, Writs of Assistance, WW III, Yellow Vest protests World War III, Zelensky Tales Oscar for Best Actor Ever
2
May 5 2023

15-Minute Cities Will Enslave the People


Armstrong Economics Blog/WEF Re-P osted May 5, 2023 by Martin Armstrong

https://youtube.com/watch?v=VqHPpbIiC-s%3Fstart%3D149%26feature%3Doembed

“Make no mistake, it’s not about your convenience, and it’s not about saving the planet. It will be a complete impoverishment and enslavement of all the people,” German MEP Christine Anderson said regarding the push for 15-minute cities. She’s right. The 15-minute city is marketed as a futuristic town where everyone will live within 15 minutes of essential services. They are marketing these cities as affordable, convenient, and virtuous as they combat climate change. The truth of the matter is that these cities are reminiscent of the Jewish ghettos during World War II or the Japanese internment camps in the US. They are designed to contain and control the people.

The World Economic Forum (WEF) claims that Paris will soon become a 15-minute city, and Milan and Melbourne are also running pilots to test this design. Every street will have a bike lane as it will be easier to reduce our access to cars. Reducing our access to personal vehicles will reduce our ability to travel outside of our 15-minute enclosures. Everyone will work within a 15-minute radius, their children will go to school within this 15-minute radius, and there will be no “need” to leave. The problem here is that they have the power to prevent people from leaving.

As Anderson said, governments can easily implement climate emergency lockdowns. “The looming existential threat of climate change and worsening income inequality require us to urgently rethink our existing cities, and rapid urbanization makes it imperative that we create a new and better city-building template for cities to house future city dwellers,” the website for the enclosures states.

Since governments have made homeownership completely unaffordable to many, they are marketing “accessory dwelling units” (ADUs) under 1,000 sq ft as a viable alternative to housing. They claim this will solve homelessness as well since we will all be completely equal. YOU WILL OWN NOTHING AND BE HAPPY.

The government will choose where we live and how we live. The globalists want us to rely solely on government, a government that they hope will be a united one-world unit. The majority will be the “have-nots.” The few elites at the top will prosper on their puppets in their doll house towns who they can play with like Sim characters. My computer model has been stating that the globalists will fail, but it will take a revolution.

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By Centinel2012 • Posted in A Life of Pretending, America's government is conducting psychological warfare against domestic citizens, Climate Change, Climate Change Scam, Climate Change Zealots, Climate Research, Climate, 15-Minute Cities, Climate, 15-Minute Cities Will Enslave the People, Cultural Marxism Destroys Society, End of Bill of Rights, End of Capitalism, End of Fossil Fuel, End of Private Property, End of Red Meat, End of the era of the Dollar, End of the Middle Class, End of the Nuclear Family, End of the Petrodollar, End of the Rule of Law, End of U.S. Constitution, Environmental Social Governance (ESG), Equal Justice is Gone, Era of universal deceit, Evidence of U.S. Intelligence Community Conducting Domestic Political Disinformation Campaign, FED's goal with the economy is like turning a F350 into a little red wagon, Global cooling more likely than Global warming, Indentured Servants of The World, Inflation Reduction Act is a Democrat Trojan Horse, Intelligence Community (IC) A Clear & Present Danger, Just Go Green Jack, Klaus Schwab A Clear & Present Danger, Klaus Schwab to us "Resistance is Futile", Living in a Potemkin Village, Neocons A Clear and Present Danger, Neocons are in control of US Foreign Policy, Neocons Control the White House, Stakeholder Capitalism, Ukraine Loseing the War against Russia, Ukraine The Pawn of Foreign Powers, Ukraine Under Zelenskys Neo-Nazi regime, UN a New World Order, UN Agenda 21/30/50, UN Bans on fertilizer, War with China, War with Russia, Warfare Kinetic, Warfare Nuclear, We are now in a battle between God and the Devil, We are now in a battle between Right and Wrong, We are now it a battle between Good & Evil, WEF Autocracy, WEF Build Back Better, WEF is a Marxist Indoctrination Center, WEF The Great Reset, WEF Universal Basic Income, WEF You Will Own Nothing and You Will be Happy, Western Alliance V Eastern Alliance, Woke-ism Diversity Equity and Inclusion (DEI Score), World Economic Form, WW III The Climate Change War, WW III will be fought in cyber space and the ground, Zelensky the Man who will Destroy the Entire World • Tagged 2023, Agenda 2030, Antichrist, Assassinations, Bilderbergs, Bill Gates, Boris Johnson, Burn the Books, Canada, Cartels, Cashless, CDU, Central Planning, Christine Lagarde, Chrystialand, CIS, CISA, Civil unrest, Civitas, Claas Relotius, Collapse of the EU, Communism, Conflicting cultures, Conservative Christian Democratic Union, Corruption, cyber war, Cycle of war, Debt bubble, Depopulation, Depression, Der Spiegel, DHS, dictators, Digital Euro, drugs, ECM, Economic Collapse, EIP, eliminate cash, Emmanuel Macron, End of Free Speech, EU banking collapse, EU military under Brussels, EU President Donald Tusk, Euro Crisis, European Army, Eurosceptic League, Five Star Movement, Food Riots, Fox News #1 rated television host Tucker Carlson Terminated April 24, Friedrich Merz, G-20, GDPR, Geert Wilders, Geneva interim agreement, George Soros, Germany, Greece, Green agenda destroying food supply, Green Energy, Hunt for Taxes, Huxley’s “Brave New World”, Illuminati, IMF Inflation, Inflation Reduction Act, Islam migration to the EU, J6 CCTV cameras, J6 Insurrection, Jean-Claude Juncker, Jeremy Corbyn, JIRA, Juan Guaido, Keynesian Economics, Klaus Schwab, Lagom, Lopez-Obrador, Marine Le Pen, Mario Draghi, Marxism, Mass, Multiculturalism, NASED, NATO, negative interest, New Monetary Theory, new world order, NGO, Nigel Farage, NMT, Non-Government Organization, NORAD, NWO, OECD, Olaf Schulz, One World Church, open borders, Organ harvesting, Population control, Prime Minister Justin Trudeau Removing Attorney Client Privilege, Progressivism, Propaganda, Refugee Crisis, Refugee invasion, Russia, Russian Hackers, Saxony, Schengen Agreement, Sigrid Kaag, Social Democrats, socialism, Sovereign Debt Crisis, SPD, sustainability, Territorial disputes, Terrorism, The end of free speech, The Great Reset, The plague, Trade Wars, tyrants, UK Central Bank Digital Currency, UKIP, Ukraine, Ukraine’s Azov Battalion, UN, US AV-8 Harrier Aircraft, Vancouver housing bubble, Vladimir Putin, WEF, world bank, Writs of Assistance, Yellow Vest protests World War III, Zelensky Tales Oscar for Best Actor Ever
0
May 3 2023

Food Police in New York to Track Residents’ Consumption


Armstrong Economics Blog/Corruption Re-Posted May 2, 2023 by Martin Armstrong

https://youtube.com/watch?v=wQLTqu311Oo%3Ffeature%3Doembed

New York City Mayor Eric Adams has unveiled one of the most intrusive plans to date. On track with the World Economic Forum, NYC plans to reduce food-based emissions by 33% by 2030 (Agenda 2030—look it up, people). The Mayor’s Office of Climate & Environmental Justice wants the people to eat more plant-based meals and will incorporate food consumption into greenhouse gas emission metrics. The private sector is also expected to reduce its food emissions by 25% by 2030. Hospitals and schools in NYC have rolled out approved menus that are largely plant-based. The plan is to track EVERY individual household’s food consumption and carbon footprint.

New York is joining a larger network of C40 cities that were provided unlimited power to track their citizens under the premise of climate change. Adams wants to see the type of food residents are consuming and will place them in “good” or “bad” categories. Both the IRS and American Express announced it is partnering with the mayor’s office because this is a blatant attempt to TRACK EVERYTHING YOU DO and CONTROL YOU. American Express and other credit companies could begin reporting on how much you spend on “bad” groceries, textiles, and other goods. The tracking will be easier once they push us into a CBDC but they are now seeing how far they can go and using the cities as testing grounds. The IRS may tax you according to your carbon footprint, similar to the social credit score that we see in China. You will have nothing but I don’t think you will be happy.

This is another move toward smart cities as well, where government will provide housing, basic income, and a digitalized way of life for the have-nots as the elite prosper. It also makes sense why the elites, like Bill Gates, have been hoarding farmland. The computer’s forecast of a revolution is now beginning to make sense because we have nearly lost all of our freedoms, and our way of life as we have known it is endangered.

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By Centinel2012 • Posted in Big Government A Clear & Present Danger, Climate Change, Climate Change Scam, Corrupt Congress, Corrupt DC Uni-party, Cost of Electricity, Cost of Food, Cost of Gasoline, Destruction of World Food Supply, Ecofascism, End of the Middle Class, End of the Nuclear Family, End of the Petrodollar, End of the Rule of Law, End of U.S. Constitution, Environmental Social Governance (ESG), Era of universal deceit • Tagged 2014, After birth abortions, Al Sharpton, Anthony Blinken, Arrest politic opponents, Ashley Biden’s Diary, Biden The Liar in Chief, Biden’s Classified Documents. Biden Special Council, Bill Gates, Businesses, Campaign fund abuse, Chinese "Spy Balloon", Chris Way, CIA and FBI and State and Defense and Politico, CIA and The Washington Post, Climate Change groups, Clinton, Cohen Letter to FEC, Congress sells the Laws, Congressional Members do not write laws, Contamination of the environment, Corporations write the legislation, Creepy Joe Biden, Crime out of control, Destroy President Trump at any cost, Destruction of the US Economy, Digital Bill of Rights, Dump Biden, East Palestine Chemical Spill, Economic Collapse, Elon Musk, End of Bill of Rights, End of Free Speech, Environmental groups, Epstein, Executive Order 13526, Fauci on the take, FBI 302’2, FBI and The New York Times, FBI now KGB, Financial groups, FISA Abuse, Foreign governments, Free abortions from corporations, FTX, Gage Order, Gun Confiscation, Gun Control, Honey Traps, how do we stop this madness? Biden in bed with Xi Jinping, Hunter Laptop From Hell, Inflation, IRS, J6 Commission, J6 committee, Jack’s Magic Coffee Shop, Jake Sullivan, Jessy Jackson, Joe Manchin AKA Lucy, Junk Fees, Junk Service fees, K-Street, Labor Unions, Lobbyists, Lobbyists make the law and go find politician(s) to support it, Lobbyists pay Congress people a commission, Lobbyists write laws, Local corruption, Mar-A-Lago FBI break-in, Maricopa County, Mary McCord, Maxwell, Mitch McConnell, Money Is Being Redefined, Money laundering, Naked short selling, New York Banks, No cash Bail, No immunity for police, No immunity for prosecutors, Odessa Trade Unions House May2, Origination of legislation external to congress, Overton Window, Pandora Papers, PedoHilter, Politicians get support from their peers using tenure and status etc., Real wages drop, Restrict Act, Ron DeSanctimoniou, s, Selling connections, Selling of influence, Senate Banking Committee, Speak Up for the Kids, Special interest groups, Special ops used domestically, SSA is a Ponzi Scheme, State Dept. and Defense Dept. and CNN, The end of CNN, Trigger Words, True The Vote, Trump Ask e Anything, Trump Indictment, Trusted News Initiative, Twitter, Twitter Compromised 1st Amendment, U.S. Senators do not write laws, UniParty Insurrection, Unmasking’s, Vaccines, Victoria Nuland, Wall Street multinational corporations, Wealth tax, Weaponized FBI, Weaponized IRS
1
Apr 27 2023

1540 Experts Agree There Is No Climate Emergency


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

There is no climate emergency. As I have been saying for years, the climate change agenda to end fossil fuels is merely a fraudulent cause intended to gain power. The Global Climate Intelligence Group (CLINTEL) is an independent foundation founded in 2019 by emeritus professor of geophysics Guus Berkhout and science journalist Marcel Crok. “The climate view of CLINTEL can be easily summarized as: There is no climate emergency.” Over 1540 experts respected in their independent fields have joined CLINTEL to spread the message that there is no scientific data to indicate that climate change is political propaganda.

“Climate science should be less political, while climate policies should be more scientific. In particular, scientists should emphasize that their modeling output is not the result of magic: computer models are human-made. What comes out is fully dependent on what theoreticians and programmers have put in: hypotheses, assumptions, relationships, parameterizations, stability constraints, etc. Unfortunately, in mainstream climate science most of this input is undeclared.

To believe the outcome of a climate model is to believe what the model makers have put in.  This is precisely the problem of today’s climate discussion to which climate models are central. Climate science has degenerated into a discussion based on beliefs, not on sound self-critical science. We should free ourselves from the naïve belief in immature climate models. In future, climate research must give significantly more emphasis to empirical science.”

Climate science currently starts with a preconceived notion that leads to biased, untrustworthy studies, which are often funded by those with special interests. Climate experts have convinced the world that CO2 is a pollutant when it is essential to all life. They have also lied to us and claimed that natural disasters are somehow created by man when there is zero supporting evidence. Climate has varied on a cyclical basis, with the most recent Little Ice Age ending in 1850. We are experiencing nature’s cyclical pattern of warming and there is no case for alarm.”

We MUST question why governments across the world are fighting tooth and nail to eliminate fossil fuels and our way of life as we know it. Why are we following the World Economic Forum’s 2030 agenda to save a planet that does not need saving? Why are we allowing our elected officials to spend endless funds on an imaginary cause? Everything has a cycle, including the weather. So while the climate may be changing, there is absolutely nothing humans can do to alter the course of nature, and those stating otherwise are lying.

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By Centinel2012 • Posted in BlackRock & Vanguard, Climate Change, Climate Change Scam, Climate Change Zealots, Ecofascism, End of Fossil Fuel, End of Red Meat, End of the Middle Class, End of the Petrodollar, Environmental Social Governance (ESG), Global Climate Change Emergency, Global cooling more likely than Global warming, Global Engagement Center (GEC), Green Energy Not Reliable, Green New Deal, Inflation Reduction Act is a Democrat Trojan Horse, Klaus Schwab A Clear & Present Danger, Klaus Schwab to us "Resistance is Futile" • Tagged 11.23 year solar cycle, 2 degree C limit, 22.46 year magnetic cycle, 8.6 year cycle, 97% study, Agenda 21, Agenda 30, Alexandria Ocasio-Cortez, Anthropogenic Climate Change, Ban concrete, Ban Humans from 50% of the land, Ban Plastic Straws, Beaufort Gyre, bugs for food, Building codes that make no sense, Carbon dioxide, Carbon tax, centinel2012, Climate alarm, climate change, Climate Change a Cause of Death, Climate justice, Climate treaty, CO2 sensitivity, CO2 sensitivity value, Comrade Al Gore, Comrade AOC, Comrade Greta Thunberg, Comrade Katherine Anne Castor, COP21, COP27, data tampering, David Pristash, Dr. Makiko Sato, Drought, Dust Bowl, Eat babies, Ecoterrorists, Electric CarsEliminate People, End of Free Speech, ERSST v4, ESRL, Food Shortages, fracking, Fuel Cells, Gakkel Ridge, GCM, Georgia Glide Stones, Giaever, GISS, global warming, Green New Deal, Green Overlords, greenhouse gasses, homogenization, Humans extinct by 2050, Hunger Games, Hunger Stones, Hurricanes, hydraulic fracturing, Ice free North Pole, IPCC, IPCC Global Climate models, James E. Hansen, Lord Monckton, Maggie Zimmerman, Magnetic Poles, Maximum world population 500 million, Melting glaciers, Meteor storms, Meteorology Megadroughts, Milankovitch Cycles, NAS, NASA faking temperature increases, NASA-GISS, National Academy of Sciences, Natural climate change, Nature, No more Diesel, NOAA-ESRL, Only 8 years left to live, Paris climate plan, Pi, Polar vortex, Pole reversal, Pole shifts, Pseudoscience, pumped storage, Red Tide, Renewable Energy, Roger Revelle, Scientific Integrity, Sea level rise, seal level increase, Second Law of Thermodynamics, Self-driving cars, SO2, Solar energy, Solar Magnetic Field hypothesis, Solar Minimum, Solar PV, solar variability, Starvation, Temperature records, Tide power, United Nations Climate Change Conference, Valentina Zharkova, volcanic winter, Volcanos, Water, White Earth Effect, Will Happer, Wind farms, Wind power, Wind Turbine failures, Wind Turbines
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Apr 17 2023

Sunday Talks, EU Central Bank Lagarde Very Pleased with Compliant Citizens, the Proles, Accepting Economic Malaise as the New Normal


Posted originally on the CTH on April 16, 2023 | Sundance 

Christine Lagarde, president of the European Central Bank, appears on Face the Nation to describe the current status of EU success in shrinking the economy to achieve parity with the shrinking of energy development. Ms. Lagarde is very happy with their ‘management of the transition’ so far, and sees slow economic growth combined with a citizenry happily accepting the lower standard of living, the new normal.

As Lagarde outlines, the lowered economic activity is helping the central banks support the objectives of the government officials and corporations who are giving the instructions. Overall, she is optimistic the common man and woman will continue accepting less ability to achieve personal economic and financial success, as the bankers and politicians continue managing the western transition. Things are going swimmingly. WATCH:

https://youtube.com/watch?v=xh8zqRWiQZ4%3Ffeature%3Doembed

MARGARET BRENNAN: We’re joined now by Christine Lagarde, former head of the IMF, now the president of the European Central Bank. Good morning.

PRESIDENT OF THE EUROPEAN CENTRAL BANK CHRISTINE LAGARDE: Good morning, Margaret. Lovely to be back.

MARGARET BRENNAN: Good to have you here, and your recovery is going all right?

MADAME LAGARDE: Yes, in a couple of days, I think I’ll be fine.

MARGARET BRENNAN: I’m glad to hear that. You have a long list of things ahead of you. And I want to ask you about the global recovery. You were speaking a few days ago and you said the recovery for the economy is fragile and uncertain in this country. The Fed thinks we’ll see a mild recession later this year. What is it that you predict?

MADAME LAGARDE: First of all, there is recovery. That’s, I think, a point that was not really firm only six months ago where we all assumed that there would be a recession, if only a technical one. If you look at all the forecasts at the moment, it’s all positive. It’s been slightly downgraded. But overall, we have a recovery and we are faced with high uncertainty because of multiple factors, you know, from all corners of the world. It’s the war in Ukraine. It’s the financial stability that clearly has been shaken up a bit by the US and Switzerland development. It’s inflation that we are fighting. It’s all that which really create a hollow of uncertainty around a recovery that we want to embed. That’s pretty much where we are.

MARGARET BRENNAN: So there were those recent bank failures here in the United States, also one in Switzerland. Given that, it sounds like you’re saying you don’t see a hard landing, you’re seeing a positive trajectory for the global economy?

MADAME LAGARDE: I think we have a narrow path to navigate, which requires that both the governments and the central banks around the world adopt the right policies.

MARGARET BRENNAN: OPEC just cut output.

MADAME LAGARDE: Hm?

MARGARET BRENNAN: OPEC just cut output, but you don’t see that as a disruption?

MADAME LAGARDE: I know. And- and we have to be very attentive. But in the meantime, if you look at- I’ll have to look at Europe at the moment. We have reduced our overall consumption of gas energy, for instance, by more than 15 percent. So it’s not as if we negotiated here or there. We just cut down our energy consumption, number one. Number two, we have renegotiated with multiple partners ranging from Norway to the United States of America, which is a big supplier of our energy. And I think that our dependency, which we learned the hard way about, has significantly declined. So I think that we moved from the illusion of plenty of energy, free money, to a time of resilience and building buffers. This is what has happened.

MARGARET BRENNAN: It’s interesting to hear that optimism. I mean, given the bank failures we just saw, you hear from bank CEOs in this country, this idea that they’re getting more cautious about lending money, largely that there’s some contraction in credit there. How concerned are you and how does that complicate your planning?

MADAME LAGARDE: It’s funny you should ask, complication because in a way it facilitates my planning and it complicates the future as far as growth.

MARGARET BRENNAN: Because it slows down business activity so you don’t have to raise rates as much or as frequently.

MADAME LAGARDE: We don’t have to reduce. We’ll see. Because we need to really measure what will come out of this- this financial events that took place recently. What impact will it have? How will banks react? How will they assess risk and how much credit will they lend? But if they don’t lend too much credit and if they manage their risk, it might reduce the work that we have to do to reduce inflation, okay? But if they reduce too much credit, then it will weigh on growth excessively. So it’s a fine balance to have between credit risk, good management on the one hand, and on the other hand, financing the economy as is expected by- by the business community. The business community wants to invest at the moment. Some of them have big buffers and they can use those buffers, others are going to need credit financing from the banking sector and the markets, both of them.

MARGARET BRENNAN: I want to ask you about the U.S.. And it’s not a political question, it’s an economic one. But there are predictions that the U.S. could default in its national debt as soon as June, some say September, and we have a political standoff in this country, virtually no negotiation happening on how to resolve this. Does that undermine your confidence in the United States? And what message does that send to the world?

MADAME LAGARDE: I have huge confidence in the United States. You know, ever since my year in this country, and this city in ’73, ’74, I have had confidence in this country and I just cannot believe that they would let such a major, major disaster happen of the United States defaulting on its debt. This is not possible. I cannot believe that it would happen. But if it did happen, it would have very, very negative impact, not just for this country where confidence would be challenged, but around the world. Let’s face it, this is the largest economy. It’s a major leader in economic growth around the world. It cannot let that happen. I understand the politics, I’ve been in politics myself. But there is a time when the higher interest of a nation has to prevail. I’m sorry.

MARGARET BRENNAN: And you think that will happen?

MADAME LAGARDE: I have huge trust in this country yet again.

MARGARET BRENNAN: You’re bringing a lot of optimism to a show where we don’t have a lot of optimism.

MADAME LAGARDE: Oh. I’m sorry (laughs)

MARGARET BRENNAN: No, I like it. It’s interesting. It’s a change. I want to ask you, though, about what you just said in terms of U.S. leadership. You look to the other side of the globe and Xi Jinping has said he wants China to be the world’s leading power by 2049. And Beijing is very interlinked into so many economies, particularly in Europe. Is the U.S. losing global influence?

MADAME LAGARDE: There is clearly a competition between these- these large economies. The U.S. is the first economy in the world. China is clearly competing, and is putting all forces in that competition. I think competition is healthy. It has to stimulate innovation. It has to stimulate productivity. But it’s inevitable that these two large economies are facing each other. What I hope very much is that they can have a dialogue because, you know, all these relationships, whether it’s trade, whether it’s politics, whether it’s economic development, whether it is financial stability, it’s a two-way street. We cannot ignore each other, and trade should not be confrontational. It has to be careful. It has to identify the areas that are strategic for one country or the other- or all the others. But it shouldn’t be confrontational. I’m on the same page as Henry Kissinger on that, or Kevin Rudd, the new Australian ambassador. Conflict is not unavoidable.

MARGARET BRENNAN: But there is, it seems, increased political pressure to choose between the United States and China in many ways in some of these political capitals. Is that even practical from an economic point of view?

MADAME LAGARDE: It would lead to economic downside, the amount of which is uncertain. Is the global economy going to be affected by one or X percent? There are multiple forecasts, all of them are negative. So the decoupling and the sort of bipolarization of the world would lead to less economic growth, less prosperity in the world, more poverty across the world. So I think that this is something that should be by all means avoided.

MARGARET BRENNAN: Madame Lagarde, it’s always wonderful to have you here. Thank you. We’ll be right back.

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By Centinel2012 • Posted in Big Government A Clear & Present Danger, ECB President Christine Lagard, End of Fossil Fuel, End of Private Property, Environmental Social Governance (ESG), EU Central Bank (ECB), President of the European Central BankChristine Lagarde,, Ukraine Loseing the War against Russia, Ukraine Under Zelenskys Neo-Nazi regime, Urlsula von der Leyen to head NATO, Victoria Nuland A Clear and Present Danger, War with China, War with Russia, Warfare Kinetic, Warfare Nuclear, Washington DC is a Potemkin village, Weaponization of the legal System, WEF Autocracy, WEF Build Back Better, WEF The Great Reset, World Economic Form, WW III, You cannot hide from Big Brother. • Tagged Agenda 2030, Antichrist, Assassinations, Bilderbergs, Bill Gates, Boris Johnson, Burn the Books, Canada, Cartels, Cashless, CDU, Central Planning, Christine Lagarde, Chrystialand, CIS, CISA, Civil unrest, Civitas, Claas Relotius, Collapse of the EU, Communism, Conflicting cultures, Conservative Christian Democratic Union, Corruption, cyber war, Cycle of war, Debt bubble, Depopulation, Depression, Der Spiegel, DHS, dictators, Digital Euro, drugs, ECM, Economic Collapse, EIP, eliminate cash, Emmanuel Macron, End of Free Speech, EU banking collapse, EU military under Brussels, EU President Donald Tusk, Euro Crisis, European Army, Eurosceptic League, Five Star Movement, Food Riots, Friedrich Merz, G-20, GDPR, Geert Wilders, Geneva interim agreement, George Soros, Germany, Greece, Green agenda destroying food supply, Green Energy, Hunt for Taxes, Huxley’s “Brave New World”, Illuminati, IMF Inflation, Inflation Reduction Act, Islam migration to the EU, J6 CCTV cameras, J6 Insurrection, Jean-Claude Juncker, Jeremy Corbyn, JIRA, Juan Guaido, Keynesian Economics, Klaus Schwab, Lagom, Lopez-Obrador, Marine Le Pen, Mario Draghi, Marxism, Mass, Multiculturalism, NASED, NATO, negative interest, New Monetary Theory, new world order, NGO, Nigel Farage, NMT, Non-Government Organization, NORAD, NWO, OECD, Olaf Schulz, One World Church, open borders, Organ harvesting, Population control, Prime Minister Justin Trudeau Removing Attorney Client Privilege, Progressivism, Propaganda, Refugee Crisis, Refugee invasion, Russia, Russian Hackers, Saxony, Schengen Agreement, Sigrid Kaag, Social Democrats, socialism, Sovereign Debt Crisis, SPD, sustainability, Territorial disputes, Terrorism, The end of free speech, The Great Reset, The plague, Trade Wars, tyrants, U. K. Central Bank Digital Currency, UKIP, Ukraine, Ukraine’s Azov Battalion, UN, US AV-8 Harrier Aircraft, Vancouver housing bubble, Vladimir Putin, WEF, world bank, Writs of Assistance, Yellow Vest protests World War III, Zelensky Tales Oscar for Best Actor Ever
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Apr 15 2023

Consumer Spending Drops Again in March – Significant Sales Drops in Dept Stores, Electronics and Home Improvement


Posted originally on the CTH on April 14, 2023 | Sundance 

Always keep in mind that retails sales from the Dept of Commerce [DATA HERE pdf] are always calculated in dollars.  Inflation can artificially skewer retail sales if prices increase, and yet consumer purchases decline at a rate lower than the increase in price.  Fewer units sold at higher prices can give the false impression of increased sales.

During an inflationary environment, when prices increase yet retail sales drop, there are substantially fewer units being purchased.  Overall purchases at stores, restaurants and online declined a seasonally adjusted 1% in March from the prior month.

During the time measured gasoline was less expensive, so that led the drop in fuel sales; however, drops in dept stores (-2.5%), General Merchandise (-3.0%), electronics (-2.1%), and building supplies (-2.1%), shows another broad-based pullback of Main Street consumer spending. (pdf here)

These outcomes are in general alignment with what many people have shared via regional ground reports.  Grocery store sales are flat despite major increases in grocery store prices (+10 to +20%).  People are buying fewer grocery store units and making their food budget stretch as far as possible.

Durable goods are not considered essential, and sales of cars, electronics and department store products are much lower.

I am actually a little (pleasantly) surprised to see restaurant sales holding (+0.1%), despite the massive increase in fresh food costs.   I thought people would eat out less, but the total decline in restaurant foot traffic seems to be in the single digits.  I guess people can afford it more than I anticipated.

(Via Wall Street Journal) – […] The retail-sales report mainly captures spending on goods rather than most services such as travel, rent and utilities, offering only a partial picture of spending. The Commerce Department will release more complete figures later this month.

Spending on air travel was robust in March but outlays on other services like hotels declined, transaction data from Bank of America credit and debit cards showed. And the cost of shelter has increased faster than the overall rate of inflation, federal data show.

Some Americans have had to make adjustments to allow them to keep spending.

Recent data suggest many consumers are more cautious about purchases of goods they often have to borrow money to buy. In March, spending declined in big-ticket categories including vehicle sales, electronics, furniture, and at home-improvement and department stores.

“The current challenges in the used auto industry are well documented,” CarMax Inc. Chief Executive Bill Nash said on a call with analysts this week, “with affordability pressured by broad inflation, climbing interest rates, tightening lending standards and prolonged low consumer confidence.” (more)

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By Centinel2012 • Posted in America's government is conducting psychological warfare against domestic citizens, Barach Obama A Clear and Present Danger, Big Government A Clear & Present Danger, BlackRock & Vanguard, collapse in the rule of law leads to the collapse in the Nation, Corrupt American Government, Corrupt European Government, Destruction of Western Civilization, Economic Collapse, Economic socialism, Eliminate all Blue Collar jobs, End of Capitalism, End of Fossil Fuel, End of the era of the Dollar, End of the Middle Class, End of the Rule of Law, Environmental Social Governance (ESG), FED's goal with the economy is like turning a F350 into a little red wagon, Inflation Reduction Act is a Democrat Trojan Horse, Intelligence Community (IC) A Clear & Present Danger, Living in a Potemkin Village, Manufactured goods contracting, Manufacturing Indexes Continue Downward Trend, NATO has effectively declared war on Russia, Neocons A Clear and Present Danger, Neocons are in control of US Foreign Policy, Neocons Control the White House, Political language is designed to make lies sound truthful, The decline & Fall of the United States, The FED's goal is to shrink the U. S. economy, Those Who Vote Decide Nothing, Those who Who Counts the Votes decide Everything, Woke-ism Diversity Equity and Inclusion (DEI Score) • Tagged Adam Smith, AI, enhanced version replaces Shadow Banning, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Austrian School of Economics, Bail-In, Bank runs, Banking Crises, Barter, BIDENomics, Big Government, BitCoin, Blockchain technology, BRICS, bubbles, CAFTA, Capital controls, Capitalism, Cashless society, central bank, Central Planning, Chinese bond market, Collectables, Commodity markets, Communism, Comparative Advantage, Contagions, Credit, Credit Based Monetary System, Cryptocurrencies, Cryptocurrency, Currency Based Monetary System, currency manipulation, Cycle of Civilization, David Ricardo, debt bubbles, Democracy, Depression, Disasters, Dow Jones, ECB, Economic Collapse, economics, Economics Confidence Model, Edelman Trust Barometer, eliminate cash, Eminent Domain, End of brick and Mortar banks, End of brick and mortar stores, end of liquidity, Euro, Eurozone, exchange-traded funds, FED, financial ponzi schemes, Food Shortages, Fractal Nature of Time, Free Market, front running, Glass-Steagall Act, glazier’s fallacy, Gold, Gold bug, Gold confiscation, Gold Standard, Government Incompetence, Hedge, Hedge Funds, Helicopter money, Hoarding Cash, housing bubbles, Hunt for Taxes, Hyman P. Minsky, Hyperinflation, IMF, IMF Eliminating Cash, Inflation, Interbank loans, Interest, Interest rate, Jobs, John Kenneth Galbraith, John Law, Keynesian Economics, Knee-Jerk events, Kondratieff, LEI, LIBOR rates, Liquidity crisis, Marginal Utility, Milton Friedman, Minsky Moment, MMT, Modern Money Theory, Monetary Policy, Monetary reform, Money, Money laundering, money smuggling, money supply, mutual funds, NAFTA, Naked Shorts, NASDAQ, negative interest, No bid on debt, No more Stop-loss, NWO, On-Demand Liquidity, Panic cycle, Panics, Pension Crises, Pension Fund Insolvency, Pension funds, Petro-Dollars, Phillips curve, police asset forfeiture, Pre-Pay VAT, Private money, Private Property, Progressivism, QE, Quantitative Easing, Quantity of Money Theory, Recession, REIT’s, Repo Crisis, Reserve currency, Reversals, Rule #1 Never Marry The Trade, S&P 500, SDR's, Silver, Social welfare, SOFR rates, Sovereign Debt Crisis, special drawing rights, Speculation, spoofing, Stock Markets, Student Loans, Superposition principle, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, TPP, Trade Wars, TTIP, Turkey default, Turning Points, Understanding cycles, Unemployed, Universal Basic Income, Universal income, US Overbought Share Market Index, USD $, usury laws, UWO, Value-at-Risk Model, VaR, VAT, Velocity of Money, Vertical Market, VIX Trade, Waterfall event, Wealth tax, Welfare, world bank
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Centinel2012

Centinel2012

Semi-retired ex-military, ex-businessman, ex-inventor, ex-engineer and now full time member of the Tea Party. My current goal in life is to make sure that the truth is known to all with an open mind.

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