Joe Biden Appears to Say He Has Cancer During Speech in Sommerset, Massachusetts, (Video and Transcript)


Posted originally on the conservative tree house on July 20, 2022 | sundance 

Moments ago, while delivering a speech at a former coal-fired power plant in Somerset, Massachusetts, Joe Biden stated he has cancer.  I’m not sure if that is what he meant to say, but here is the video and transcript:

…”My mother drove us, and rather than us be able to walk, and guess what? The first frost, you know what was happening, you had to put on your windshield wipers to get literally the oil slick off the window. That’s why I, and so damned many other people I grew up with, have cancer; and why can’t for the longest time, Delaware had the highest cancer rate in the nation.”…

WATCH:

Friend-Shoring: How to Lose Trading Partners and Isolate Nations


Armstrong Economics Blog/World Trade Re-Posted Jul 20, 2022 by Martin Armstrong

The supply chain crisis is an ongoing disaster that has greatly contributed to inflation. Treasury Secretary Janet Yellen has been touting the idea of “friend-shoring” for over a year. Not to be confused with onshoring or nearshoring, friend-shoring will somewhat limit the supply chain to allied nations. Why on Earth would we want to limit the supply chain to any extent at this time?

Yellen stated that Russia and COVID, the main political scapegoats for anything that goes wrong, are to blame for redrawing “the contours of global supply chains and trade.” Let us be reminded that China is America’s top trading partner, albeit deemed “unfriendly.” Russia, the motherland of energy, also falls on this unfriendly list that is likely to align with what will later become the modern-day axis powers.

BRASILIA, BRAZIL – NOVEMBER 13: (RUSSIA OUT) Russian President Vladimir Putin (L) greets Chinese President Xi Jinping (R) during their bilateral meeting on November 13, 2019 in Brasilia, Brazil. The leaders of Russia, China, Brazil, India and South Africa have gathered in Brasilia for the BRICS leaders summit. (Photo by Mikhail Svetlov/Getty Images)

“We do not want a retreat from the world, causing us to forgo the benefits it brings to the American people and the markets for businesses and exports,” Yellen said while speaking in South Korea. “In doing so we can help to insulate both American and Korean households from the price increases and disruptions caused by geopolitical and economic risks … in that sense, we can continue to strengthen the international system we’ve all benefited from, while also protecting ourselves from the fragilities in global trade networks.”

Her comments come within the same week that President Biden appealed to Saudi Arabia for help — a country that obviously aligns with US morals. In April, Yellen stated that friend-shoring could strengthen sanctions as the “friendly nations” would act as a united front in ostracizing one economy. Her comments about Russia quickly turned to anti-China sentiments. Yellen stated:

“China has recently affirmed a special relationship with Russia. I fervently hope that China will make something positive of this relationship and help to end this war. Going forward, it will be increasingly difficult to separate economic issues from broader considerations of national interest, including national security. The world’s attitude towards China and its willingness to embrace further economic integration may well be affected by China’s reaction to our call for resolute action on Russia.”

Similar to how those responsible for the failed euro believed it would prevent all European wars, the idea of friend-shoring relies on the belief that trade will become seamless among aligned nations. “Favoring the friend-shoring of supply chains to a large number of trusted countries, so we can continue to securely extend market access, will lower the risks to our economy as well as to our trusted trade partners,” Yellen stated in April before calling on those same nations to implement a global tax.

Yes, this will cause foreign investment to look outside of the US and this Western bloc of trade. What happens when the crucial supplies needed are outside of these territories? Everyone is currently begging “unfriendly nations” for oil and buying it at a premium from neutral nations who sell it to the West at a higher price. Bad business all around. The West is basically telling Russia and China that they are being cast aside from trade with the misconception of having the upper hand.

The Government is Tracking You


Armstrong Economics Blog/Corruption Re-Posted Jul 20, 2022 by Martin Armstrong

Yes, the government is tracking your movements. You do not need to have a COVID pass installed on your phone nor do you need to be a criminal. The location data industry has become a $12 billion market that is actively growing.

It recently came to light that the Trump Administration began tracking mobile data on a grand scale. The Department of Homeland Security targeted information on at least 336,000 data points across the country. Biden continued tracking American’s locations and provided the Customs and Border Protection with a $20,000 contract last September.

One company, Venntel, said that it has access to 250 million phones and devices. There are currently no restrictions on this invasion of privacy, and the government may legally track you and your family. This information has been abused by various agencies, such as one that tracked the location of people who visited abortion clinics.  The US military even used the technology to identify Muslim populations.

“There are over 350 million mobile devices in the United States in use today, and that number is growing exponentially as more people purchase mobile devices every day. Therefore it is not uncommon to encounter individuals involved with illicit activity taking advantage of mobile technology to further their criminal goals,” a contract between CBP and Venntel said.

You can attempt to turn off your device’s location, but that is extremely difficult considering the number of apps we use on a daily basis. GPS? Tracked! Social media? Tracked! Various search engines? You bet!

I believe this violates the Fourth Amendment, which is intended to protect citizens from unreasonable searches and seizures by the government.

Biden Energy Security Official Says Administration Cannot and Will Not Accept or Approve Long-Term Oil and Gas Development


Posted originally on the conservative tree house on July 19, 2022 

This guy popped up after the trip to Saudi Arabia and has been spouting hypocrisies ever since.  In this first segment, White House senior energy adviser Amos Hochstein, in charge of U.S. energy security, says the administration cannot accept or approve any long-term oil and gas development that undermines the urgency of the crisis they are exploiting.

Instead, Hochstein says U.S. energy producers should invest in oil and gas development that turns an immediate profit. [Pro-tip, that doesn’t exist.]  Keeping the oil and gas industry in a perpetual state of shortage, overcapacity and expense, allows the “transition” to windmills and solar to remain urgent.  Put another way, the energy crisis is part of the plan. WATCH:

Mr. Hochstein also appeared on Fox News this afternoon to claim that coal is the worst of the worst and must never be used again.  When asked about Germany going back to coal to replace Russian gas, Hochstein says that’s a terrible plan.  However, Hochstein was never confronted over the stupid part of his anxiety.

Germany is being forced to use coal because Biden/Hochstein have triggered energy sanctions against Russia that stopped the flow of natural gas.  Germany is being forced to use the horrible coal because Biden/Hochstein is forcing them to.

In order for ideologues to retain their insane ideological positions, they must pretend not to know things.  Unfortunately, we do not have a media that is capable of calling them out on the hypocrisy and challenging the weakness of their positions.  Thus, the great pretending continues….

.

Representative Thomas Massie (R-KY) Questions Transportation Secretary Pete Buttigieg About Electric Vehicle Goals without Energy Grid to Support Them


Posted originally on the conservative tree house on July 19, 2022 | sundance 

Kentucky republican House member Thomas Massie had some interesting statistics in hand when questioning Transportation Secretary Pete Buttigieg about the administration goal to make electric vehicles 50% of all cars, vans and trucks sold by 2030.

Essentially, it is a cart and horse scenario.  An electric vehicle requires five times as much energy production as the standard home air conditioning cost.  The U.S. electricity grid cannot support an increase in household energy use that is equivalent of adding five times as many houses using air conditioning.  Math is math.  WATCH:

.

Comrades, the likely federal government solution is simple.  Comrade citizens can have one electric car (mandated by regulatory compliance), or they can have their home air conditioned, but they cannot have both.  [Assuming social credit scores are high enough]

See how easy that is?

...”the significant problems we face are only as challenging as the significance of the problem.”

Here it Comes, Joe Biden Set to Declare “National Climate Emergency” as Soon as Tomorrow


Posted originally on the conservative tree house on July 19, 2022 | sundance 

CTH cannot overestimate what is more likely than not, as the Biden administration is now reportedly going to declare a national climate emergency in order to take their Green New Deal policy to the next level via executive fiat.  [The Hill Story Here]

Any possibility of the Biden administration creating an even deeper economic collapse under the auspices of climate change regulation, has essentially been stalled by congressional opposition to further Green New Deal (Build Back Better) spending and regulatory legislation.

Some, albeit not enough, congressional representatives, can see what lies at the end of this fundamental energy change, a significant collapse of the United States economy.  However, the committed ideologues behind Joe Biden are not going to let the legislative branch interfere in their climate change agenda.

What we are about to see is most reasonably predictable against the backdrop of how Biden’s administration exploited the “national COVID emergency,” that backstopped and justified their eventual use of OSHA to mandate vaccinations, and regulatory control over the private sector, under the guise of a pandemic emergency.  We predicted that administration approach in December of 2020, and that is exactly what they did {GO DEEP}.

When CTH shared that OSHA would be the institutional regulatory vector for forced vaccinations, many said we were conspiracy theorists.  Ten months later that is exactly what the people behind Joe Biden did (link). Now we can expect that same health emergency approach (massive regulations) to repeat with the declaration of a national climate emergency.

Pause and think about the ramifications to all domestic economic and business interests if the federal government starts using all agencies to regulate a new climate emergency policy.  Think about the regulations, the scale of potential regulations, from the dept of transportation, the dept of labor (including OSHA), the dept of the interior, the dept of energy, the dept of housing and urban development, the dept of education, the dept of health and human services, and many more.

Joe Biden is an avatar; a political pawn; a cognitively declining guy who has no idea what is happening around him.

The people behind the Biden campaign, those in real control of what this is about, have not hidden their goals and aspirations.

These are not stupid people.

They are scheming, conniving, ideological, ever-planning, ever-manipulating & Machiavellian types within the political system, lusting for power, influence and affluence.

WASHINGTON DC – The Biden administration is considering the declaration of a climate change emergency in response to congressional inaction on the issue.

It’s unclear when and if such an announcement will come, though the White House had been considering a move as early as Wednesday.

Two sources familiar with the discussion on Tuesday morning told The Hill that the announcement could come Wednesday — the same day that Biden is expected to discuss climate during a trip to Massachusetts.

A third source also told The Hill that a climate emergency was under White House consideration.

By Tuesday afternoon, one of The Hill’s sources said that while the White House had planned to declare the emergency as soon as Wednesday, it has since advised that it will not do so on that day.

The Associated Press separately reported Tuesday afternoon that the White House would hold off from a declaration on Wednesday.

The Washington Post first reported late Monday that the White House was considering declaring the emergency as soon as this week. The White House announced Tuesday that Biden will travel on Wednesday to Somerset, Mass., to deliver remarks on tackling climate change.

A White House official declined to directly comment on whether Biden will pursue a climate emergency declaration, saying only that many options are under consideration.

“The President made clear that if the Senate doesn’t act to tackle the climate crisis and strengthen our domestic clean energy industry, he will. We are considering all options and no decision has been made,” the official said in an email.

The move comes as hopes for climate action on Capitol Hill have stalled, as swing vote Sen. Joe Manchin (D-W.Va.) backed away from talks last week following months of negotiations. The potential climate legislation, as part of Biden’s broader economic agenda, was expected to include major investments in clean energy. (read more)

Think about those types of business and energy regulations applied on a national level, and then, as seen in prior Democrat administrations with IRS etc, think about those energy regulations also being enforced through the prism of political affiliation.

Think about how states that refuse to participate will be cut off from federal grants and funding for college tuition, Medicare and/or Medicaid reimbursement, etc. etc.

Think about what happens to Main Street USA?

Think about companies on the NASDAQ or national companies on the stock-market?

Think about how those USA-specific federal energy compliance regulations apply when considering U.S. business operations -vs- just taking operations overseas without those worries.

Think about who in Washington DC then takes control of what types of business interests are allowed to operation…. who determines the winning and losing?

Think about how Federal emergency climate regulations can be used to put the multinational corporate world back (the globalists) on their former financial pathways, even without TPP and TTIP trade deals.  [Every domestic regulation weaponized against Main Street USA is a win for the Wall Street multinationals.]

Think about how much China and southeast Asia would benefit love to see our economy knee-capped in a Biden regulatory stranglehold; essentially achieving the same objectives as the Paris Climate Treaty.

Think long and hard about how far the tentacles of achieving the Green New Deal can extend under the auspices of federal emergency climate mitigation.

Remember, those who are working on this don’t care about the middle-class and they have not for decades. The visibility of the ‘rust belt’ is the reference. This is about government bureaucrats using their DC powerbase to control trillions in economic value and sell their ability to influence the winners and losers to the highest foreign bidder.

Look at what blue states have already done to seize power and control under the auspices of a national health emergency. Now think about that same manipulative intent spread throughout the entire country by weaponizing federal agencies with advanced regulation toward a national climate emergency.  The entire country turned into a California style-controlled energy economy.

Now, think carefully about how that approach aligns with a political change in personnel at the White House.  Joe Biden’s usefulness now exhausted.

Russia to Cut off Germany from Gas Thanks to Zelensky


Armstrong Economics Blog/Energy Re-Posted Jul 18, 2022 by Martin Armstrong

It is very interesting how Volodymyr Zelensky is doing whatever he can, not merely to destroy all of Europe, but to push the world into World War III because of his and Ukraine’s inherent hatred of Russians. He has told Justin Trudeau that Ukrainians would never accept Canada’s decision to return a gas turbine intended for a Russian pipeline because it would encourage more sanctions violations. Meanwhile, Gazprom has come out and stated that it could no longer guarantee its “good functioning” pipeline to Germany due to crucial turbines that are being held up in Canada because of sanctions.

Gazprom has declared extraordinary circumstances to void itself from all contractual obligations to Germany, whereby the gas flow to Europe will stop flowing indefinitely. Reuters reported a letter dated July 14, 2022. Zelensky thinks cutting gas supplies to Germany will force NATO to invade Russia. Kyiv will be the first to go before Zelensky can make it to his private jet to run off to enjoy the hundreds of millions he is stashing offshore.

Perhaps Germany should now invade Ukraine. It seems to be the only way to save Europe.

Our computer has been targeting here late July and August and high volatility and August as a Panic Cycle in some markets. But just about everything is going nuts into 2023. A quarterly closing above $6.25 in natural gas, which it has NOT been able to achieve this far, will confirm this is going to get much worse. Therefore, a September closing ABOVE $6.25 will be a serious warning for 2023. We had a rare Double Directional Change this quarter, so it looks like we have the most brain-dead crop of world leaders ever in human history and Zelensky, who I warned was the man who would create World War III.

Even NYC lost over 5,000 small businesses thanks to COVID. There isn’t a single decision these people are capable of making. It has reached the point that people who I know personally, who would be qualified to lead, are simply not interested due to the WOKE culture. We are simply headed into a politically created nightmare.

We see sharply higher volatility in August and the SIGNIFICANT risk of war coming in the first quarter of 2023. This is NOT something that is my personal opinion. The only thing that can actually target periods well in advance is an unbiased computer. It was Socrates that targeted 2008 as a Panic Cycle published back in 1999, which can be verified on the Wayback Machine. That was not only the Great Crash that set in motion negative interest rates theories, but it was the historical high in the euro.

THE COLLAPSE IS HERE & THE FARMERS ARE FIGHTING BACK


The Dive With Jackson Hinkle  Published originally on Rumble on July 15, 2022

Producer Price Index Hits Peak 11.3 Percent Inflation Driven by Biden Energy Policy – Service Prices Now Indicate Recession


Posted originally on the conservative tree house on July 14, 2022 | sundance

The “Producer Price Index” (PPI) is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released June price data [Available Here] showing another 11.3% increase year-over-year in Final Demand products at the wholesale level.

Overall, the wholesale inflation rate is being driven by energy prices.  The June calculation shows exactly that problem with energy prices embedded in goods driving 10% of the price increase.  However, there is some good news in the short-term for July and August, as the intermediate and raw material costs are leveling off temporarily.  Unfortunately, that raw material price plateau is almost certainly the result of a drop in demand.

CTH has modified Table-A and Table-B to take out the noise.

The June inflation rate for final demand goods (2.4%) is driven mostly by higher energy prices (10%).  Energy costs are passed along through every stage of the supply chain contributing to an overall wholesale price increase of 2.4% in June, 11.3% year-over-year.

Notice the slight drop in final demand services; that is important.  What we are seeing is a contraction in the service economy overall, as the service sector -which includes restaurants- cannot pass along the scale of energy price increase to customers. People are changing their spending habits – service demand overall is dropping.

Additionally, the producer price index gathers data from inside the supply chain, backwards from the final stage (wholesale) into the intermediate stage (various processing) and also raw material prices.   Here is where things are getting interesting, and now I can make some direct forward predictions.

I modified Table-B so you can see how the supply chain for goods is responding to both: (A) energy prices, and (B) consumer spending.  You can click on the graphic to expand the image and spend some time on it if needed.

You can see from the left side of modified Table-B that both levels of intermediate goods were heavily impacted by energy prices.  “Intermediate” processed goods rising 2.3% in June, 22.2% year-over-year.  Intermediate unprocessed goods (raw materials) rose 9.5% in June, 58.0% year-over-year.

However, if you subtract the massive June energy costs, you will note the intermediate price of nonfood processed goods significantly dropped to 0.2% in June.  And if you subtract the energy costs, you will notice the raw material prices for nonfood durable goods actually declined 2.2% in June.

Here’s what is going on…

The inflationary impact of Joe Biden’s Green New Deal energy program is running into the inability of consumers to pay for the price increases it creates.  That is what is causing the demand side drops in retail economic activity on Main Street.  We all know this.

As a result of these high prices, there is less internal demand within the supply chain for both goods and services.  Inventories are climbing and the demand for raw materials to produce durable goods is now declining.  Subtract the energy costs and nonfood prices are dropping. The decline is a raw material demand outcome.

June energy prices were extremely high.  That’s driving the current PPI price outcome at all stages; but behind that issue is low manufacturing activity.

Remember, two months ago we said food prices would plateau in July and August.  This PPI report shows the entry into that plateau.  However, there is a problem on the horizon that is not measured in this data.

The high energy costs to farmers (fertilizer, diesel, oil, energy, etc.), a cost already seeded (forgive the pun) is right now in the fields…. waiting…. sitting somewhat dormant and ignored by the statisticians… but that higher origination price is growing and lurking….

When the farming harvests take place, those higher field costs will enter the supply chain again and end up finding their way, via wholesalers and supermarkets, to your fork.  Big Ag is going to maximize this opportunity.

Farmers will not be the ones benefitting.

♦ For the next two months the Consumer Price Index and Producer Price Index will show inflation stability and possibly even price declines.

Those reports will come out in August (for July) and September (for August) and will give the impression that inflation has moderated, and the Fed has been successful.  However, in/around Sept and October the harvest cost will hit the stores.  At that point, energy prices -already high- will take a backseat to the rate of inflation driven by massive increases in food prices.

Oct, Nov and December, all the way through the winter, will be painful at the grocery stores and supermarkets.   Also, restaurants this fall and winter, are going to get hit hard as their suppliers start to deliver food at much higher prices.  Those people in the food service industry need to prepare now for what is looming.

Everything I just described above is happening at the same time as consumer demand for durable goods and non-essential services is dropping.  The current economic activity on Main Street is tepid at best.  Housing values have peaked along with rents.

Every element of the U.S. economy is now entering a phase where success or failure in a Main Street business is directly connected to the customer being able to afford the product or service.

Two-thirds of our Gross Domestic Product (GDP) is driven by consumer spending.  Our borders are open, our wages are flat, our prices are high, our discretionary spending is contracting.  Our manufacturing and service driven economy will contract, and we are two months away from food stability, prices, affordability and potentially scarcity, being the primary focus of everyone.

FUBAR

Prepare your affairs accordingly.

NYT Democrat Voter Poll Shows Base Do Not Want Biden Reelected, Biden Leaves Town and California Governor Gavin Newsom Shows up at the White House


Posted originally on the conservative tree house on July 13, 2022 | Sundance 

Democrats are historically known for the optics of their politics.  With that in mind, is it coincidental that California Governor Gavin Newsom, one of the leading people that leftists want to see run in 2024, shows up to tour the White House the day after Joe Biden leaves town?

Considering the recent article from the New York Times outlining how most democrats do not want to see Joe Biden run for reelection, the timing seems rather conspicuous. {Direct Rumble LinkWATCH:

.

Gavin Newsom is turning California into Somalia, so it would make sense for him to be the next one in line to continue the chaos.

.

(Discussion Poll pdf Here)