Category Gates – Devils Handmaiden

Sep 17 2022

Massachusetts Governor Calls Out Military to Handle Arrival of 50 Illegal Immigrants


Posted originally on the conservative tree house on September 16, 2022 | sundance


The governor of uber-liberal Massachusetts has called-up the national guard to cope with the massive influx of several dozen illegal aliens sent to Martha’s Vineyard.

According to local reports 125 soldiers have been dispatched to deal with 50 arriving illegal aliens.  The unlawful migrants will be moved to a military base until the state can figure out what to do.

MASSACHUSETTS – The governor of Massachusetts plans to activate the National Guard as part of the effort to deal with migrants who were flown to Martha’s Vineyard.  Florida Gov. Ron DeSantis sent two planes of immigrants to the Massachusetts island on Wednesday.

Gov. Charlie Baker says the state will transport the migrants to a military base on Cape Cod.  He says a new shelter will be set up at Joint Base Cape Cod for approximately 50 migrants.

The Massachusetts Emergency Management Agency will coordinate efforts among state and local officials to provide food, shelter, and essential services. Baker also plans to activate up to 125 members of the Massachusetts National Guard as part of the relief effort. (read more)

50 illegal aliens are transported to deep blue Massachusetts and the governor calls out the national guard.

Meanwhile, 2,000,000 illegal aliens cross into Texas and Arizona and the federal response?

Sep 17 2022

On The Radar, Wave 3 of Food Price Inflation Soon to Arrive


Posted originally on the conservative tree house on September 16, 2022 | sundance

You know that moment just before the tsunami hits, when the water is pulled out to sea?  Yeah, that.

Media are starting to realize what a destabilizing force ‘food insecurity’ can become as the pre-existing high prices are about to go even higher.

(WASHINGTON, Via The Hill) – […] the five items that have seen the largest year-over-year price increase based on the latest report from the Labor Department, and how much the price has changed: Eggs 39.8%, Margarine: 38.3%, Butter: 24.6%, Flour/prepared flour mixes: 23.3%, Olives, pickles, relish: 19.4%

Many of the items listed in the Consumer Price Index have seen prices rise by more than 15% compared to August 2021. That includes chicken (16.6%), soups (18.5%), cereals (17.4%), and milk (17%).

[…] Worsening food inflation is a particular strain on lower-income families, more of whom have had to turn to food banks and other aid as inflation has worsened. Mary Jane Crouch, executive director of America’s Second Harvest of Coastal Georgia, which works with a network of food banks, told the Associated Press 38% more food was distributed in August compared with July.

Sales at grocery stores rose 0.5% in August, the Commerce Department reported Thursday. Overall spending has slowed and shifted increasingly toward necessities like food, while spending on electronics, furniture, new clothes and other non-necessities has faded. (read more)

The energy driven inflation in seed, fertilizer, diesel fuel, solvents and industrial surfactants is about to travel from the field into the food supply chain with the fall harvest commencing.  Wave 3 food price increases are likely to be higher than the prior two waves combined.

Overlay that pricing issue with global shortages and what do you get?….

Fortunately, I am optimistic that most readers here are well prepared.

Sep 17 2022

Panicked Germany Seizes Russian Energy Company Rosneft, Uses National Trusteeship to Control Oil Refinery – The Current Economic Outlook of Europe, Full State Control of Critical Energy Production


Posted originally on the conservative tree house on September 16, 2022 | sundance

Welcome to the new “democratic norms” in the industrialized west as Germany seizes the private assets of Russian owned energy company Rosneft; because oil refining is critical to fuel prices and German has just realized their vulnerability.

Within this new Build Back Better system, driven by the policies of western nations, it appears things are changing quickly.  Democracy or capitalism in Germany is now quickly dispatched, as socialism -state control- becomes the priority.

Heck, I’m old enough to remember when everyone decried China’s authoritarian economic model for doing the exact same thing as Germany (a few months ago).  But, well, we must pretend not to notice these things comrades….

(Reuters) – BERLIN, Sept 16 (Reuters) – Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to shore up energy supplies and meet its European Union commitment to eliminate Russian oil imports by the end of the year.

The economy ministry said it was putting a unit of Russian oil firm Rosneft (ROSN.MM) under the trusteeship of the industry regulator and taking over the business’ Schwedt refinery, which supplies 90% of Berlin’s fuel.

“This is a far-reaching energy policy decision to protect our country,” Chancellor Olaf Scholz told a news conference to present the government’s plans to put the Schwedt refinery under the control of the Federal Network Agency regulator. (read more)

Who knew economic security was national security?

Now, let’s start talking about USA food exports, shall we?

Also, I’ll take “Things That Won’t End Well” for $1000, Alex.

Sep 17 2022

The Great Economic Pretending Yet Again Meets Main Street Reality


Posted originally on the conservative tree house on September 16, 2022 | sundance

The great economic pretending is predicated on denying that major western economies are shrinking because political leaders are collectively destroying cheap and reliable energy production (oil, coal, gas), while simultaneously chasing expensive and [un]sustainable energy development (wind, solar).

The Build Back Better / Green New Deal climate change agenda is destroying every economy based on ‘collectively agreed‘ energy policy.  Energy driven supply side inflation is crushing consumers in every western economy.  Sales and purchases of goods have stopped.  Affording food, fuel and housing is the focus of billions. Yet, denial is everywhere.

It was not that long ago, June 23rd to be precise, when Fedex gave a forward-looking forecast based on existing operational results.  In late June Fedex anticipated a generally stable continuation of business operations.  Here we are, three months later and Fedex business collapsed in the last quarter.  CEO Raj Subramaniam says shipping demand unexpectedly plummeted.  The great economic pretending meets reality.

Keep in mind, about six weeks ago Maersk, the international shipping company that delivers millions of containers of goods all around the world, mostly by ship, said they saw demand and orders plummeting as shipping warehouses were full of unsold goods {link, Aug 3rd}.

[The Fedex Collapse] – […] The company scrapped its forecast for its earnings in its current fiscal year that it had issued less than three months ago. For the three months ended Aug. 31, FedEx now projects adjusted earnings per share of $3.44 and $23.2 billion in revenue. That’s below analysts’ consensus forecast of $5.14 adjusted earnings per share and $23.6 billion in revenue, according to FactSet. (more)

The company is also revising its 2023 financial outlook and said it expects conditions to worsen further in its second quarter. Economists have sparred for months over whether or not the US is heading into a recession. (more)

The Great Pretending Continues….

Sep 16 2022

The Cost of Illegal Immigration


Armstrong Economics Blog/Immigration Re-Posted Sep 16, 2022 by Martin Armstrong

Former President Trump requested $15 billion to build a wall between the US and Mexico. Everyone called him a crazy racist and dismissed his pleas. The truth of the matter is that the wall would have paid for itself in a year. American taxpayers have been paying around $20 billion annually since Biden took office to support the massive influx of illegal immigrants.

The study by the Federation for American Immigration Reform (FAIR) conducted an analysis and found that each illegal immigrant costs taxpayers $9,232 per year to support. The actual number of people crossing the border is unknown, and the 1.3 to 2 million estimated illegal immigrants this fiscal year alone is understated.

FAIR noted that money spent annually to support illegal aliens would amount to providing every homeless veteran with $50,000 a year, for a decade. The funds could be used to hire an additional 330,000 teachers across the nation to help the shortage. These taxpayer funds should be invested in America.

Useless Vice President Kamala Harris insists the border is “secure,” despite tons of counties declaring an invasion and begging Washington for help. “The border is secure, but we also have a broken immigration system, in particular, over the last four years before we came in, and it needs to be fixed,” Harris said. This is truly laughable as one of Trump’s main qualms was securing the border.

Southern states have begun to send immigrants to “shelter cities” where they claim they will open their arms and wallets to all illegals. They have been terribly equipped to handle the massive influx of buses arriving in their cities, and the Democrats are crying that the Republicans are playing a dirty game. The truth of the matter is that these politicians do not see the true impact of the border crisis. Until buses of undocumented people arrive at their doorstep and they have to figure out how to help them, they are ignorant to the issue. Even Harris failed to visit the border after first being appointed as the border czar. The truth of the matter is that the Biden Administration has zero plans to fix the invasion crisis because they are hoping those who make it over will vote blue to stay in the US.

Sep 16 2022

Zelensky to head US Defense Industry Conference


Armstrong Economics Blog/Corruption Re-Posted Sep 16, 2022 by Martin Armstrong

The military-industrial complex continues to grow with the proxy war. The annual Future Force Capabilities Conference and Exhibition hosted by the National Defense Industrial Association (NDIA) will feature none other than Zelensky as their keynote speaker, as well as his minister of defense, Oleksii Reznikov. Everyone in attendance is directly profiting off of the war. The IRS deems the NDIA to be a nonprofit organization when in fact, it is blatantly lobbying.

Defense contractors need war, as do corrupt government officials who prosper off of pain. America has already provided Ukraine with over $15 billion since February, yet Zelensky is poised to request more funding and weapons at this meeting.

Boeing Defense, Space & Security; L3Harris Technologies; Raytheon Technologies; BAE Systems; Lockheed Martin Corporation; Huntington Ingalls Industries; General Dynamics; and Northrop Grumman all met in April to discuss how they could profit off of the war. The Pentagon recently announced (see video above) that they want to set up “the backbone of a Ukraine force…for years to come.” Meanwhile, the US military is suggesting that its own soldiers, 24% of whom are food insecure, begin applying for food stamps.

The Biden Administration seems to have unlimited funds for Ukraine. This event will show all the “innovative” ways that the US can pay to kill Russian soldiers on behalf of Ukraine “for years to come.”

Sep 16 2022

Migrant Buses Arrive Outside Kamala Harris’ Home


Armstrong Economics Blog/Immigration Re-Posted Sep 16, 2022 by Martin Armstrong

Since Kamala Harris is smugly confident that the border is “secure,” Texas sent her a gift. Two buses filled with 100 migrants from Texas arrived outside Harris’ home in Washington, DC. This is a tiny fraction of the number of people who cross the border into the US every day. At the beginning of the Biden Administration, Harris opened her arms to all migrants before telling them to turn around and go home. Even the president of Mexico criticized Harris and Biden for creating a disaster at the border, with people traveling to Mexico from throughout South America to reach the United States.

“We have a secure border in that that is a priority for any nation, including ours and our administration. But there are still a lot of problems that we are trying to fix given the deterioration that happened over the last four years,” Harris said to “Meet the Press” host Chuck Todd . The number of migrants entering has AT LEAST doubled since Biden took office and appointed Harris as his border czar.

Harris opened the doors to her large residence and offered the migrants food, drink, and shelter. Just kidding! She panicked and sent them packing immediately and had them rerouted to a local church charity. It would be more cost effective to build a wall and secure the border. The Biden Administration has deliberately allowed migrants to enter the United States, posing a risk to national security and the economy at large.

Sep 16 2022

Tucker Carlson Notices the Missing Jubilation in Martha’s Vineyard as Dozens of Illegal Aliens Arrive


Posted originally on the conservative tree house on September 15, 2022 | Sundance 

A strange thing happened.  After lecturing the nation on the virtues of mass migration, the white liberal democrats on Martha’s Vineyard did not celebrate the arrival of the non-white immigrants they have been demanding for years.

Fox News host Tucker Carlson noted in his monologue that Martha’s Vineyard famous nimby residents, including former President Barack Obama, did not welcome the people of color as one would expect.  Instead of celebrating the new diversity, oddly the residents quickly moved to find alternate off island locations to accept the arriving immigrants. WATCH:

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Sep 16 2022

Legislation Within the Biden Green New Deal, Inflation Reduction Act, Has Created a Domestic Carbon Trading Platform


Posted originally on the conservative tree house on September 15, 2022 | Sundance

Deep inside the legislative language of the falsely titled “inflation reduction act”, aka The Green New Deal legislative vehicle constructed by lobbyists and passed by congress, people are now starting to realize a carbon-trading system was created.

Ultimately, a carbon trading system has always been the holy grail of the people who run the western financial system and want to create mechanisms to control wealth by using the ‘climate change’ agenda.

A carbon trading system is a very lucrative financial transfer mechanism with a potential scale to dwarf the derivative, Wall Street betting, market.  Secondarily, such a market would cement the climate change energy policy making it very difficult to reverse.  The new creation as explained by the Wall Street Journal, holds similarities to the EPA ethanol program.

BACKGROUND – The Renewable Fuel Standard (RFS) is a government mandate, passed in 2005 and expanded in 2007, that requires growing volumes of biofuels to be blended into U.S. transportation fuels like gasoline and diesel every year.  Approximately 40 percent of corn grown in the U.S. is used for ethanol.  Raising the amount of ethanol required in gasoline will result in the need for more biofuel (corn).

The EPA enforces the biofuel standard by requiring refineries to submit purchase credits (known as Renewable Identification Numbers, or RINs) to the Environmental Protection Agency (EPA) proving the purchases.  This enforcement requirement sets up a system where the RIN credits are bought and sold by small refineries who do not have the infrastructure to do the blending process.  They purchase second-hand RIN credits from parties that blended or imported biofuels directly. This sets up a secondary income stream, a trading market for the larger oil companies, refineries and importers.

Understanding how that system operates, back in June I said, ‘the RIN credit trading platform is similar to what we might expect to see if the ‘Carbon Trading’ scheme was ever put into place’.  Well, based on the legislation within the Green New Deal/Inflation Reduction Act, that’s exactly what is happening.

(Via Wall Street Journal) – WASHINGTON—A brand-new market for green tax credits is taking shape as bankers and advisers figure out how to funnel tax breaks from energy companies that generate them to profitable corporations eager for smaller tax bills.

The market is forming because Congress last month expanded renewable-energy tax credits and made them transferable in the law known as the Inflation Reduction Act.

[…] The tax-credit sales mark a shift in the U.S. strategy for attracting public and private capital to renewable-energy projects, and they will happen alongside existing climate-finance markets such as carbon offset purchases. The deals won’t start in earnest until 2023, but lawyers and financiers are already structuring transactions. They are discussing arrangements in which credits would be sold at discounts from face value, and they are determining how to cushion tax-credit buyers against potential risks.

“The conversations are happening. The market making is happening right now,” said Nicholas Knapp, senior managing director at CohnReznick Capital in New York.

Within a year or two, it could be easy for a corporation with no direct renewable-energy investment — a profitable retailer, pharmaceutical maker or high-tech company — to purchase tax credits. Because of the expected discounts, companies could earn an instant profit, paying $90 or $95 for a $100 coupon off their income-tax liability.

These transferable credits, however, expose a potential dilemma for Democrats. The party aimed to raise corporate tax bills and prevent large, profitable companies from paying too little. But the tax-credit transfers open a new avenue for many of those same companies to pay less.

“They can basically purchase the tax credits, advance their ESG goals and get certain economics from the credits without taking any construction or operational risk of the project,” said Hagai Zaifman, a partner at Sidley Austin LLP in New York who helps structure renewable-energy deals. (read more)

We know exactly who we have to thank for this, West Virginia Senator Joe Manchin.

Now watch what Senator Joe Manchin’s family starts doing.

Sep 16 2022

Judge Cannon Rejects DOJ Motion for Stay, Appoints Special Master Judge Raymond J Dearie


Posted originally on the conservative tree house on September 15, 2022 | Sundance

Judge Aileen Cannon has rejected the DOJ motion to stay her previous order and appointed a special master, Judge Raymond J Dearie, Senior United States District Judge for the Eastern District of New York, [pdf of Ruling HERE]

As to the dispute of the 100 “classified” documents, Judge Cannon writes, “the Court does not find it appropriate to accept the Government’s conclusions on these important and disputed issues without further review by a neutral third party in an expedited and orderly fashion.”

Judge Cannon urged Special Master Raymond Dearie to complete his review by Nov. 30, 2022, more than a month longer than DOJ requested.  However, she did say Trump’s legal team has to pay the full cost of the special master.  [Full Ruling Pdf Here]  In a signed filing, Judge Dearie accepted the task.

(Politico) – […] [Cannon] also said that DOJ was free to brief “Congressional leaders with intelligence oversight responsibilities” on the seized materials and from using the seized materials to conduct security assessments.

Cannon’s ruling denying the Justice Department’s stay makes clear she simply did not buy prosecutors’ argument that there was no way to allow an intelligence community review of the national security impact of the presence of the information at Mar-a-Lago to proceed, while temporarily putting the criminal investigation on hold.

“The Government’s submissions, read collectively, do not firmly maintain that the described processes are inextricably intertwined, and instead rely heavily on hypothetical scenarios and generalized explanations that do not establish irreparable injury,” she wrote.

However, the judge also emphasized that she was giving Justice Department personnel some leeway to participate in the national security assessment even as she maintains her order blocking the use of any of the documents in the criminal probe.

“To the extent that the Security Assessments truly are, in fact, inextricable from criminal investigative use of the seized materials, the Court makes clear that the September 5 Order does not enjoin the Government from taking actions necessary for the Security Assessments,” she wrote. (more)

President Trump declassified the documents showing the corrupt DOJ and FBI targeting operation of him.   The corrupt DOJ and FBI went and took back the evidence against them in the Mar-a-Lago raid and now says no one should be allowed to see it.

Everything is becoming increasingly transparent.

Overlay the Durham probe and you discover, the govt people responsible for illegally targeting Trump are the same govt people responsible for investigating the illegal Trump targeting.

We keep watching….