Checkbook Economics, Household Expenses Rise $961 Per Month, $11,532/yr, While Incomes Remain Flat


Posted originally on the conservative tree house on September 22, 2022 | Sundance

With most financial media being intentionally obtuse with the Biden economic impact upon Main Street, it is refreshing to see analysis that cuts to the heart of the matter.  HatTip to ZeroHedge who provides a link to a great article outlining reality for blue and white-collar working families.

The folks at NerdWallet have taken the inflation date from the Bureau of Labor and Statistics (BLS) and applied the math to real life.  The result is a good encapsulation of checkbook economics and how the Biden economy is painful for the working class.

In total, Joe Biden’s energy policy driven inflation has added $961/month to preexisting expenses.  That’s $11,532 a year just to retain the status quo standard of living.

(NerdWallet) – […] In all of 2020, American households spent $61,300, on average. This number includes everything we spend our money on: housing, food, entertainment, clothing, transportation and everything else. In 2022, it stands to reach $72,900, a difference of more than $11,500 if consumers want to maintain the same standard of living. Keep in mind, this is an average, a number that represents an approximation across all Americans, but one that’s exact to a very few. Those who earn (and therefore spend) more will see more dramatic dollar increases. Those who earn less may see less dramatic dollar jumps, but the impact of these rising prices could be more significantly felt. (read more)

If the average household spent $61,300 and inflation is adding $11,500 to the expense, that means we now have to spend 18.7% more just to maintain the current standard of living.  That average is in line with what we are seeing in the real world.

Agriculture Agenda: WEF & Bill Gates [Edge of Wonder Live – 7:30 p.m. ET]


Edge of Wonder Published originally on Rumble on September 20, 2022

Bill Gates buys up farmland across the United States, big corporations get grants instead of companies that need it, and farmers are MAD. What is the World Economic Forum pushing that’s been going on since the ‘70s? What fear mongering is making the rising food costs seem like something we can’t escape from?

94% of Baby Food Contains Toxic Metals


Armstrong Economics Blog/Corruption Re-Posted Sep 6, 2022 by Martin Armstrong

The Food and Drug Administration does nothing to protect the American public. We have yet another revelation of products intended for infants containing toxic substances. Healthy Babies Bright Futures’ (HBBF) conducted a study of 288 products, including over 7,000 from other previously published studies. “We found no evidence to suggest that homemade purees and family brands are generally safer, with lower metal levels, than store-bought baby food,” HBBF warned.

Even WebMD is reporting on this crime. Around 94% of store and homemade baby foods contained at least one toxic heavy metal. The organization warns against consuming puffs, rice cakes, crisped rice cereal, and brown rice when cooked without additional water. These items have actual arsenic within them, and both children and adults are at risk. Yes, the FDA approved these items. In fact, arsenic was found in 68% of store-bought food and 72% of family homemade food. Lead was detected in 90% of store-bought food and 80% of family homemade purees.

This means that almost ALL available “food” for babies contains toxins.

The  American Academy of Pediatrics warned, “Toxic metal exposure can be harmful to the developing brain. It’s been linked with problems with learning, cognition, and behavior.” Perhaps this is a variable for why autism and other problems have spiked within the US.

The proposed solution:

"The FDA should establish and enforce protective limits for heavy metals in all foods consumed by babies and young children. Heavy metal contamination spans all the food aisles of the grocery store; FDA’s safety standards must as well. Standards extending beyond the baby food aisle would also encompass foods eaten during pregnancy , a crucial time for lowering toxic metal exposures."

I am sure many thought that the FDA was already protecting the American public against ingesting contaminated products. Everyone was so eager for the FDA to approve the COVID vaccines when, in reality, the organization is bought and paid for by lobbyists.

Democrats discuss hunger problem in US


One America News Network Published originally on Rumble on August 24, 2022

House Speaker Nancy Pelosi and others gathered in San Francisco to discuss the issue of hunger in the US. One America’s James Meyers has more.

Amish Farmer Targeted by Govt for Operating Outside Reach of USDA Regulations


Posted originally on the conservative tree house on August 19, 2022 | Sundance 

An interesting story promoted by Rebel News, highlights the plight of an Amish farmer who operates a private market club for his products.  Because his crops, dairy and beef are not sold to the ‘general public,’ and only to those who are members of the private food club, Amos Miller contends he should not be subject to USDA regulations.

Miller’s organic farm operates on century old farming practices.  His farm uses no electricity, no tractors, no diesel, no gasoline, and he produces exceptional all natural yields which people are willing to pay top dollar to purchase.

Additionally, because Mr. Miller doesn’t use chemical fertilizer or fuel, his farm has not been impacted by the increased costs that have hit industrial farms.  He and his customers are completely unaffected by outside influence.

However, a federal judge ruled that despite his closed members-only market, he must have USDA inspectors for his beef and cattle slaughter processes.  Miller does not want to use the regulated and required pharmaceutical antibiotics, and other regulatory processes required by the USDA.  He now faces jail time and a $300,000 fine. [Rebel News Article]

While CTH is completely on the side of the Miller farm, it’s not fair to share this story without providing the alternative perspective from the side of the regulatory agencies.

(Via Lancaster Online) – […]  “The United States submits that Mr. Miller’s continuing recalcitrance and flouting of the court’s orders requires a robust, more-coercive civil contempt sanction than previously imposed,” government attorneys wrote in its request filed in late July. “Specifically … the court should order him to be incarcerated until he has paid these sums that are long overdue.”

U.S. District Judge Edward G. Smith scheduled a hearing for Sept. 26 at the federal courthouse in Easton for Miller to show why he should not be jailed.

And the government wants Miller’s wife, Rebecca Miller, added as a defendant in the case because she is a co-owner of Miller’s Organic Farm. That will also be addressed at the hearing.

Miller — who has an attorney, but has been filing paperwork on his own — filed a response on Aug. 5 suggesting Smith and the government are “working in concert” in supposedly violating his rights. The filing seeks a stay of the proceedings and indicates Miller plans to appeal issues in which he contends the judge is wrong.

[…] Miller first came to the attention of federal authorities in 2016, when the Food and Drug Administration said it identified Listeria in samples of Miller’s raw milk; the agency found the Listeria to be genetically similar to the bacteria found in two people who developed listeriosis — one of whom died — after consuming raw milk.. (read more)

It’s an interesting issue, specifically interesting because the members of the private food club are in a hold-harmless relationship with the Miller farm.

What do you think?

Yet More Problems at Problematic Baltimore Drug & Vaccine Production Plant—Plenty of Taxpayer Dollars Burn Away


TrialSite Staff Posted on Aug. 14, 2022, 10:30 a.m.

A drug and vaccine drug production facility in Baltimore plagued with problems was shut down by the U.S. Food and Drug Administration (FDA) in early 2021. Apparently suspended due to contaminants, the FDA allowed the production facility to go back online just months later in August of 2021. Now about 135 million doses of the Johnson & Johnson vaccine will need to be destroyed due to yet more quality mishaps at the same facility. Other production problems at an Emergent BioSolutions production facility reported by this media led to the destruction of 400 million vaccine doses last year. According to a statement by Johnson & Johnson has ended its relationship with Emergent BioSolutions. The New York Times covered this latest quality debacle late last month.

Emergent BioSolutions benefited from multiple federal contracts during the pandemic yet couldn’t keep the quality together to avoid the wastage of hundreds of millions of vaccine doses.

Emergent BioSolutions was a costly partner for AstraZeneca as well as Johnson & Johnson. A manufacturing partner in America they were apparently the cause of vaccine safety issues at the now notorious Baltimore plant run by Emergent BioSolutions. The most recent quality debacle was more widely reported in places such as India.

While Emergent BioSolutions has been plagued with production errors, they still benefit from ongoing federal government grants—meaning ultimately taxpayer-funded research.

Why aren’t the feds more concerned? TrialSite reported just a few months ago that the National Institutes of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH) granted Emergent BioSolutions funds for yet another vaccine development effort. This time the funds went to Emergent BioSolutions to conduct a Phase 1 study evaluating an early-stage vaccine for Eastern Equine Encephalitis virus (EEV), Western Equine Encephalitis virus (WEEV) and Venezuelan Equine Encephalitis virus (VEEV).

Perhaps the quality issues plaguing the Emergent BioSolutions Baltimore production facility won’t be an issue for the development of investigational products for this novel vaccine?

American Household Debt Surpasses $16 Trillion


Armstrong Economics Blog/USA Current Events Re-Posted Aug 8, 2022 by Martin Armstrong

American household has reached a new high, according to a report by the Federal Reserve Bank of New York. Total household debt has surpassed $16 trillion for the first time in American history. Americans have taken on $2 trillion in additional debt since the pandemic. Aggregate household debt balances rose by $312 billion in Q2 2022 alone, marking a 2% increase from Q1.

Mortgages were the largest contributing factor to the post-pandemic uptick after rising by $207 billion to $11.39 trillion. Americans have been relying more on credit to make purchases amid inflation, and credit card balances have spiked by $46 billion last quarter. Non-housing balances saw the largest uptick since 2016 after increasing by $103 billion. Auto loans saw a $33 billion rise as the cost of autos remained at a high.

Delinquency on debt “increased modestly” in all categories. Around 95,000 people faced bankruptcy in Q2 2022, which is still near historic lows. Of the $758 billion in new mortgage debt accumulated in the last quarter, 65% is held by people with credit scores over 760. Outstanding student loan debt reached $1.59 trillion last quarter, 5% of which was delinquent.

People may be able to pay off their debt now, but as inflation and interest rates rise, that will become increasingly difficult. While mortgage debt is no cause for concern, the over-reliance on credit purchases will not help Americans lower debt. Inflation must come down for the people to maintain their quality of life.

Why Do You Trust Us? – News Update!


Awaken With JP originally Published on Rumble on July 23, 2022

This week’s news includes everything from Biden shaking hands with the air again, Pelosi’s insider trading, and how they are trying to turn the US into a third world country! Here’s Lies You Can Trust…

A Cycle Has Changed Inside Russia


Armstrong Economics Blog/Opinion Re-Posted Aug 6, 2022 by Martin Armstrong

To my total shock, I know a family that fled Poland to flee from Russia and went to Canada. They then fled Canada because of all the insanity of Trudeau and refused to return. Since their visa for America is expiring, they said to me that they may now go to Russia. I was completely stunned. They said Western culture is pushing them to return from pronouns to canceling anyone who has ever said anything, even 25 years ago, and the total craziness in politics. What they once fled from is still far better than what is taking place here.

Every person I know here in America who fled from Russia when the USSR collapsed says the same thing. What they fled from is now here. Putin has come out and warned that wokeness is what destroyed Russia. His popularity in Russia is double that of Biden because he has turned Russia back to traditional values. Using the wrong pronoun is now offensive. I remember going to the Latin Casino in Cherry Hill, New Jersey, and seeing Don Rickels live in the ’70s. There was not a single race or ethnic group he did not make a joke about. There was a time when we once could laugh at ourselves. Those days are gone.

There is a cycle to everything. The culture shift in Russia is actually hopeful that we too will shed these restrictions of wokeness, and I will not be offended if you say, “Hey, you!” Civilization is when everyone comes together for mutual benefit. Wokeness is all about division. When you ask an American what are you, they will typically respond half-German and half-Irish or whatever their mix. That illustrates that America was the melting pot where everyone merged into one, whereas you do not see that in Europe except on rare occasions. This is what is being torn apart by wokeness, and we will see oppression and civil unrest that could lead even to civil war because of it.

When I was growing up there was just straight, gay, and bi-sexual. Today, I am told there are 70 distinctions. I have absolutely no idea anymore but it no longer makes one look upon everyone as equal. You suddenly have to stay to yourself and be afraid to address someone for being accused of racism or sexism or whatever new term they manufacture. We once were all Americans. I hired Robert Howe who was probably the first black analyst because he was qualified. Today, you get inquires from the state demanding to know how many minorities and women you have on your staff. We have every race and gender on our staff, as well as religion. Perhaps I am old fashion, but I never hire people because of quotas.

It’s not a question of patriotism, and it is not wrong for that family to suddenly say they are moving back to Russia all because of the political propaganda. The traditional values that once kept American culture as the beacon of light in a dark world have been overthrown. The public forum, where the people once discussed differences and enacted their laws as well as elected their representatives, has been enclosed by fences at times to protect it from the people, and the chamber that shined for the world as an example of freedom has been reduced to one of hatred and has been exploited by foreign agendas seeing a Great Reset. The public and private institutions that were founded for eternity lie naked and broken by partisan politics indistinguishable from the ruins of ancient Greece. Those stupendous relics of the past are all that has survived the injuries of time and the folly of men.

Today is a sad statement of our times. Our leaders not only preach war, but they also seek to divide our nation by turning brother against brother until our civilization exists no more. The Democrats have exploited every distinction to separate and divide us while seeking 5 years imprisonment for those who only entered the capitol and took a selfie all to paint their opposition with hatred.

The possession of wealth today only stimulates the hatred of others and any traditional rigid virtue of centuries now offends and warrants censure. The irregularities of voting are swept aside and those who seek to investigate are targeted as conspiracy theorists. Anyone who objects is always insured the aversion of those in power who search for any excuse to imprison them until death for their part.

Suspicion has merely become the equivalent of proof and any trial is mere pretense to condemnation. They seek the execution of Donald Trump and paint 50% of the people are worthless scum unworthy of a seat in their hallow hall of dictatorial wokeness power. Once they have tasted supreme power, they have become incapable of pity or remorse no less respect for human rights of liberty, and justice for all. Those words have become just propaganda as their meaning has crumbled to dust on the foundation that was once the bedrock of the American dream. Our highest standard of living has been pushed aside as racist or some other terminology crafted with an endless redefinition of the English language.

As I have been stating at conferences, Schwab will fail in his quest to seize control of the world with his unoriginal theories. The very cornerstone of civilization of bringing people together because it is mutually beneficial to all has been broken. The temple of freedom and dignity has fallen. These power-hungry people are separating and dividing us as they turn even families against one another. They vary from the above but can see no differently than Karl Marx who thought he could redesign society. The rise and fall of political states, Schwab believes, can be prevented if the people surrender everything that makes life worthwhile. Schwab and his co-conspiractor at the World Economic Forum seek to turn our corporations into fascist limbs of the state all preaching Schwab’s stakeholder economics and suppressing human rights for at the heart of all of this, there is no divine right because there is nothing divine about them. The future is only theirs to shape – no one else’s.

The world so many rebuilt post-WWII is collapsing — deliberately. It must always appear darkest before a storm and the new light of day that will arrive. We cannot save the institutions of today. We must plan for what comes after this house-cleaning we must go through. Academics such as Klaus Schwab have always presented the greatest threat to societies. Just as Putin said Lenin was just a Bolshevik and not a statesman, someone in the future will remember Klaus Schwab with the same dismissive comments. Posterity will remember his name as it remembers Marx, Hitler, and Stalin. Napoleon sought to conquer Europe, but he had no designs to change human nature.

Senator Kyrsten Sinema Agrees to Senate Green New Deal Spending and Tax Proposal After Negotiating Minor Changes


Posted originally on the conservative tree house on August 5, 2022 | Sundance

Arizona Senator Kyrsten Sinema has announced her support for the senate climate change spending and tax proposal after some modifications to the new taxation.

To support the hedge fund donors, Senator Sinema insisted the carried interest loophole tax provision be removed and instead replaced with a corporate tax on stock buybacks.  Any time a corporation wants to buy back their own shares of stock, they will now pay the U.S. government a tax for doing so; at least that’s the ¹intent.

[¹Note: taxing shares of company stock will never work, because that’s exactly what shell companies were designed to avoid.  Set up a child shell company to purchase the stock and the parent company doesn’t pay taxes on the child’s purchase.  It’s a shell game]

Additionally, according to reports, there is some kind of agreement to modify the 15% corporate minimum tax.  Details unknown.  Bottom line, Senator Sinema now supports the $700 billion climate change spending and tax proposal.

“We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation,” Sinema said, signaling that she plans to vote to begin debate on the bill.  “Subject to the parliamentarian’s review, I’ll move forward,” she said.  (link)