The Internal Revenue Service (IRS) claims that they will not target lower and middle-class Americans under their staff expansion. This is a lie a they already target the poorest households at five times the rate of other income brackets.
Trac IRS examined the audit figures from FY 2021. The IRS audited 659,003 returns last year out of the 160 million filed. So out of every 1,000 filers, four were targeted for audits. This is already an increase from 2020, when three out of every 1,000 filers were investigated. Prior to 2020, audit rates had been declining.
The IRS uses “correspondence audits” to request additional documentation to prove that the filings are accurate. These correspondence audits compiled 85% of all audits conducted last year, marking a 5% increase from the previous two years. Some Americans live on such a small income that they file for an anti-poverty tax credit. Those earning a mere $25,000 annually or less accounted for 54% of all correspondence audits.
The idea that this expanded branch of government will target the dreaded rich is a lie. Around nine million taxpayers in the highest bracket earned between $200,000 to $1,000,000 but were only targeted at one-third of the rate compared to the poorest in the country. In fact, less than 40,000 returns among the top-tier tax bracket were targeted. Only 13,725 people earning over $1 million were targeted. The IRS is basically asking the most desperate among us to prove that they are poor.
With new resources and funding, the IRS will target EVERYONE.
Posted originally on the conservative tree house on August 14, 2022 | sundance
It’s likely the most important interview this Sunday, ergo Fox News -in an effort to support the overall agenda- doesn’t put it on any of their replay media. The scheme against our republic is so tentacled there are no corporate media out of alignment. The anti-Trump/anti-MAGA effort doesn’t just stem from ideological communists and leftists, the republican apparatus is 100% part of the enterprise. Don’t fool yourself, we have yet to see the full scope of the enemy.
If you think masks dropped in the past 6 years, we are only about 60% of the way there…. Many more masks will be dropping and some of them are likely to stun people. Decades of entrenched Machiavellian club manipulation, and years of coat tailing the base by left-wing republicans, has yet to surface. Remember, two-thirds of the iceberg are hidden under water. [Direct Rumble Link Here]
In this interview Devin Nunes lays out the history of DOJ and FBI corruption under Obama, the originator of the modern Fourth Branch of Government. Nunes accurately points out the continuum of the DOJ/FBI corruption, but missed one element, the formation of the DOJ-National Security Division. That’s where it all starts.
From Eric Holder and Robert Mueller’s, Fast n Furious gun running operation (08/’09); to the DOJ use of the IRS for targeting (Lois Lerner, Eric Holder ’10, ’11); to the 19 days it took the FBI to reach Benghazi (’12); to the DOJ/FBI using NSA databases for surveillance (2012-2016); to the Crossfire Hurricane operation (Yates/Lynch ’16); to Robert Mueller resurfacing (’17, ’18, ’19); to the DOJ targeting Trump now (’20, ’21, ’22); it has all been one long continuum since the DOJ-NSD was formed. WATCH:
Kash Patel then overlays the people who use the weaponized DOJ-NSD to create the “ongoing investigation” document blocks. Including, John Carlin, Mary McCord, Lisa Monaco (DOJ-NSD); as well as Jake Sullivan and Susan Rice (White House). Again, same names in Obama administration, exit then return with Biden administration; it’s the same continuum.
This was the reason for writing the four-part series outlining the network:
♦Part One outlines the background of the modern Deep State, and the formation of the DOJ-NSD {Go Deep}.
♦In Part Two you see the specifics of how President Trump was targeted by political operatives using the DOJ-NSD {Go Deep}.
♦In Part Three you see how and why President Trump was blocked from releasing documents against the DOJ-NSD {Go Deep}.
♦And in Part Four, we outlined exactly what those specifics documents are that likely existed in Mar-a-Lago. {Go Deep}
Everything I research, write and share is free for the taking.
Download it into a pdf form, modify the internal citations as footnotes, proofread, add, subtract, modify it, change the language, simplify it, do whatever you want to make it your own in whatever format suits your needs. No attribution or citation is needed.
This is a battle to save our nation from a corrupt enterprise. I put no parameters on any tool or intellectual weapon you may find of benefit. That just isn’t me. Those who have been around a while know where I stand…. which is right next to anyone who is in the fight. Getting the message out is the urgent and important part; how it arrives, is of no issue for me.
We are not on a last hill; we are far beyond that. We are on the precipice.
It would be against every intent of the Treehouse for me to put limits on any information that might help.
There are slips of the tongue, but President Biden cannot speak freely without a teleprompter. Every time he goes off script, he embarrasses his country. The president of the free world has no idea what is going on, and his mental health continues to decline publicly. The American Rescue Plan sent a trivial amount of money to Americans making under $75,000 annually at the expense of taxpayers. The government had no way to pay for this $1.9 trillion plan but implemented $1,400 checks on two separate occasions to pacify the people. Joe Biden thinks he provided Americans with $8,000.
Biden believes the public should ignore inflation and feel grateful for the imaginary money. “There’s reason to be down but I started thinking about it … the first year, we were able with the rescue plan, we were able to send them a check for eight grand,” the president said. “I mean a check. Beyond that by the way, there was more than that.” Biden then chimed in about his middle-class experience, which occurred decades ago when the US economy was unrecognizable compared to today. “That’s a lot of money, and so it helped save a lot of people in terms of getting thrown out of their home and rental housing and a whole range of things,” he said. He used the example of someone earning $120,000 receiving the imaginary $8,000 check, despite anyone in that income bracket being ineligible for a stimulus check.
The president cannot remember basic facts about his own policies. Biden belongs in a home for the elderly and senile, not the White House.
I was trying to wire money from my bank account in Italy to the one in the UK, just to realise that I can no longer transfer more than 6,000EUR per month.
The Soviet EUSSR is in full capital controls mode. I am missing the beauty of Italy every day, but I am so glad to live in Brexit UK. Good luck to the old continent.
SB
REPLY: I warned that all my sources were confirming, three very high up, that Europe would quietly impose capital controls on June 30, 2020. That has now taken shape. Europeans and not allowed to send more than 6,000 euros per month to another account outside the EU. Capital has been pouring out of Europe, and they beat not just the war drums but also the Green drums that forewarn of a severe economic decline for Europe.
Even in the United States, we have capital controls in place for a different reason — taxation. You will find it limited to try to wire more than $3,000 to an individual outside the United States. As I reported before, a friend in Singapore found me a service apartment and put down the first month’s rent for me. I sent him a wire, but when I got there, he said he never got it. I called my bank to put a trace on it, and HSBC returned it, saying they would not credit it to that account because they could not verify it was not secretly for me. I had to write him a check. You can wire to a business without a problem, but not to an individual. The hunt for taxes lives.
People have argued with me that I am wrong and it is capitalism that is collapsing. Sorry – socialism has brought us to the very sad end. Politicians can only run bribing voters, saying they will rob the rich to hand it to them. They can no longer borrow endlessly with no intention of paying anything back. That said, they know they will have to default. The question has been HOW?
This is what Schwab’s entire WEF is about. His Great Reset is because socialism is collapsing. I did our Solution Conference in 2015 because I knew what he was advising to world governments. The problem was that his way is that they become dictators, and he is even ending your right to vote. While they call Putin authoritarian, the head of the EU also does not stand for election. They are appointed by EU member politicians. This is what they want — ZERO right of the people to vote. They intend to control what we buy, where we live, and what we are allowed to say. So you can see, in my Solution, we retained democracy, so they were not handed ultimate power. Capital controls are part of this plot to end our freedom.
Posted originally on the conservative house on August 1, 2022 | Sundance
We are seeing the cascading impacts of the energy-driven inflation starting to ripple throughout the globe, specifically worsening economies who are dependent on the export of non-essential durable goods. South Korea manufacturing is the latest example.
The first quarter of 2022 started with a drop in U.S. consumer spending on non-essential durable goods like electronics. The net result of contracted consumer spending was a 1.6% negative GDP.
Inventories of goods started to build and by April/May of 2022 the Consumer Price Index (CPI) showed negative inflation in those sectors as discounts to move inventory were offered.
In June major manufacturer Samsung, headquartered in South Korea, announced they had told suppliers to stop sending component manufacturing parts for finished goods. (link)
By the end of July, the second quarter GDP in the U.S. again showed a contraction of 0.9%. Energy inflation was now creating a consumer spending recession, demand for non-essential goods dropped fast over the first half of the year.
Today, South Korea announces July manufacturing output contracted for the first time in two years, matching the prior announcement by Samsung:
SEOUL, Aug 1 (Reuters) – South Korea’s factory activity shrank in July for the first time in nearly two years, as output and new orders weakened amid continued inflation and supply chain woes, a private-sector survey showed on Monday.
The S&P Global purchasing managers’ index (PMI) fell to a seasonally-adjusted 49.8 in July from 51.3 in June, falling below 50 for the first time since September 2020. The 50-mark separates expansion from contraction in factory activity from a previous month.
Output fell for a fourth straight month and by the sharpest rate since October 2021, as new orders decreased for the first time in 22 months and those from overseas for the fifth month in a row. (read more)
All economies that are dependent on the manufacturing and export of durable goods are likely now seeing reduced factory outputs as fewer customers exist to purchase the final product. This will lead to a predictable rise in unemployment amid those same nations.
This situation is the reason why the Bank of Japan did not raise their central bank interest rates. They are attempting to offset the drop in global economic activity by keeping their currency value low as compared to the rest of the western countries. This will help move their exported goods at a discount.
Inside countries with large imports, the definition of “non-essential” purchases within each household now starts to shift. Upgrading electronics, jewelry purchasing, and other non-essential goods become the first to feel the impact. That contraction is then followed by appliances, furniture, clothing and eventually vehicles and high-cost durable goods.
As less and less disposable income is available, consumer spending gets increasingly prioritized. The service sector is likely starting to feel the consumer belt tightening, particularly those consumer goods and services that are dependent on middle class families.
Inflation in general is a corrosive issue that eats away at the ability of consumers to purchase products and services. Energy inflation is particularly damaging as it hits every sector of the economy with higher supply-side costs. Food prices, fuel, transportation costs, electricity rates etc. take a larger portion of the paycheck, leaving less room (if any) for non-essential purchases.
A shrinking global economy is the outcome of an intentionally managed decline to support the Build Back Better, climate change, agenda.
Posted originally on the conservative tree house on July 29, 2022 | Sundance
People often wonder why few solutions are presented for the significant challenges we face. Perhaps it is worth reminding everyone what the biggest challenge really is, and it has nothing to do with Joe Biden or our political system abusers.
The biggest problem we face as a nation is our unwillingness to admit our current condition is the result of purposeful action.
The central banks did not “fail to spot” the source of inflation. The monetary policy makers did not make mistakes. The hands that guide the economic system did not screw it up, make mistakes or fail to recognize the consequences of the policy they put into place.
When they meet together at Davos for collective discussions around opportunities presented by the pandemic, the guidebook known as Build Back Better did not just organically materialize. Nor did all the western governing central bankers all make a mistake when they followed the agreed consensus. They knew from the outset the climate change agenda would be a radical transformation of the global energy system, and as a result, the global economy.
The central banks did not collectively “fail to spot” the inflation they were creating by lowering energy production, disincentivizing energy investment, limiting energy development, shifting policy away from new production, and generally breaking the traditional energy system finances. They knew precisely what they were doing, and they did it -and continue to do it- with forethought and purpose.
This is where people mistakenly view ‘prior justifications‘ as ‘mistakes.’ When they said inflation was transitory, they were not lying about what they created. They were, however, obfuscating the length of the term “transitory.” Inflation is transitory, from where and when it started in 2021, all the way to where and when windmills, solar panels and clean energy will take over on (fill_in_date_). That is the “transition.”
These bankers, bureaucrats and political leaders are not stupid, and factually their intelligence has absolutely nothing to do with the situation.
These governing officials are ideologues, the worst kind of abuser you could ever encounter because they believe they are doing everything for your own good. Their collective truth is all that matters.
You the citizens within the nations they govern, are not smart enough to know what is best for you.
You, the people who take their magnanimous policies for granted, are not thoughtful enough to understand how to save the planet.
You, the person using resources without caring about the planet, are not bright enough to see how your long-term interests are made better by their short-term actions.
These psychological outlooks are inherent traits of ideologues and abusers.
Once you realize your opinion in their plan means nothing, then you can understand why actions contrast against your opinion of that action are difficult to reconcile.
The actions of the ideologues seem hypocritical only because you are projecting a motive toward them, they do not carry. You think they are making mistakes; they are not. You think they made the wrong assumptions in their policies, they did not. You think they are screwing up the economy, they are not; at least not according to the plan they have.
They met, discussed, planned, organized and collectively came to the decision that they would all act in synergy. Each individual taking the actions within his/her sphere of influence that would assist the larger agenda. Each government leader steering his/her internal policy in a direction that befits the larger collective need, regardless of domestic opinion. None of this was done by mistake.
The western central bankers all show up to the same conferences, symposiums and discussions; and they all follow the exact same approach. Yet somehow, we reconcile their collective and intentional outcomes as if they are making mistakes that they will soon correct. Then we sit puzzling over our puzzlers wondering why the correction is not happening.
The biggest problem we face is our inability to accept what is done, and instead we project justifications that are nonexistent. We are suffering from battered citizen syndrome.
We reconcile our economic collapse by saying they are getting the policies wrong. No.
Just stop.
They are executing the policies exactly as they were planned from the outset. Your financial abuse is a feature, not a flaw, of your abusers’ behavior. The policies are working exactly as intended.
The Central Banks did not “fail to spot” anything. They knew what was causing inflation (energy policy) and they needed to ignore it (still do). They pretend higher costs are now some weird demand-side construct, despite no one buying much, in order to support the global Build Back Better climate change policy objective that will save future generations of mankind. The operational timeline is decades, not weeks or months.
The word “transitory” was used purposefully, in order to hide and obfuscate their prior knowledge. The bankers knew when they said it, that a transition was exactly what the BBB program called for, which was to delay any monetary rate increase as long as possible allowing energy policy inflation to structurally embed.
Once the bankers, ideologues, globalist WEF guides and bureaucrats, got the fully supported climate change energy program (BBB) to take hold globally as an economic control mechanism (no new production), then -and only then- did they modify their policy to support the second phase.
Phase-2 is to reduce global economic activity to match the 2021 deficit in energy production. That phase began in March 2022:
We are in phase 2 now. The U.S. Federal Reserve and the various central banks now raising interest rates to lower all western economic activity.
The goal in phase-2 is to lower energy demand to offset the massive increases in price, due to *nonproduction* of the energy in phase-1.
Put simply, bring energy use down by raising rates and lowering the economic activity.
This “managing the transition” is being done purposefully and collectively. This is exactly what the Build Back Better agenda called for. They did not get anything wrong. They did not make mistakes. Our current economic state, and/or the pain you feel, is the exact outcome of the plan they followed.
Now, I fully understand why the Wall Street financial pundits and global news corporations do not outline this reality. After all, this type of elitist behavior is exactly what revolutions are born from. However, it is very frustrating that smart people on the pragmatic and practical side cannot see or accept the political roadmap for what it is.
This is being done on purpose. They are not making mistakes.
I don’t care what you want to call it: Build Back Better, Green New Deal, The Great Reset, whatever. I simply don’t care about the labels. But the truth of a coordinated approach to manage the western economies into useful decline must be admitted *BEFORE* we can expect to change things.
As long as our codependency facilitates our abuse…. As long as denial of intent is a comforting mechanism, allowing us to avoid confronting the abuse we are suffering…. No corrective action is possible.
It starts by changing our thinking.
Brazil, Mexico, and more recently Japan, have started pushing back against the climate change ideologues. We must do the same.
Posted originally on the conservative tree house on July 29, 2022 | Sundance
The distance between Wall Street and Main Street has never been as brutally obvious as it is today. It is simply stunning to watch the cheerleading and casual nature of the economic and financial pundits as they speak esoterically about how policies intended to reduce the U.S. economy are so wonderful.
Seriously, the disconnect in life impact has never been as stark. At least in previous times of economic contraction there was a smidgen of appreciation for the pain that unemployment and rising costs bring to the blue collar and middle-income working class. In this new era, the financial stress and visible outcomes of destroyed families are simply shrugged aside as if these are abstract consequences.
In this segment former Federal Reserve vice-chair Randal Quarles, notes with a casual flippance how the economic policies of the Biden administration are simply doing what needs to be done in order to intentionally reduce the U.S. economy. Sure, massive unemployment, in direct correlation to the scale of the inflation that precedes it, is almost certain, but hey…. the economy must be collapsed if the Build Back Better, Green New Deal, agenda is to be fully implemented. WATCH:
Maybe this flippancy seems starker because those who consider themselves outside the collateral damage impact zone were not visible in prior generations. Perhaps it is because modern technology and the information era allows us to see conversations that were previously only described in print newspapers and journals. Whatever it is, the shameless disconnect between the unaffected rulers and the proles who have to live with the consequences are far more visible today than before.
Smiling while describing a future where working men are emasculated by their inability to support their families. Smiling and shrugging while explaining a landscape where moms are worried about how to feed their children, as the checkbook in the household creates a type of stress these ‘betters’ have likely never experienced, is almost psychotic in its detachment.
Desperation is not a good situation for any society.
Worse yet, laughing in the face of desperation leads to the type of outcomes that eventually hits the ‘betters.’
Posted originally on the conservative tree house on July 24, 2022 | Sundance
Donald Trump and Elon Musk have something in common….
“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.”
For Elon Musk it is the organization of Twitter with 7,500 employees dedicated to ensuring he would never succeed in his takeover effort. From the board of directors to the data engineers who build the controlling algorithms, to the third-party service providers who manage the data demand, there are likely only a handful of people within the entire corporation who would welcome the type of change Elon Musk represents.
As a result of the scale of opposition, any organizational takeover would ultimately deliver a company filled with sleeper cells and activist agents who consider it their personal and ideological mission to destroy the social media platform rather than accept change. The purchase effort was doomed from the outset, considering Musk represented something akin to Rand Paul being nominated to lead the World Bank or Federal Reserve. Some stuff just isn’t possible.
We The People attempted the Musk route when we sent President Donald Trump into Washington DC. However, instead of one institution with 7,500 people, it was dozens of institutions housing hundreds of thousands of entrenched ideologues. Most MAGA voters did not realize it at the time because grade school civics was never updated with our post-9/11 political outcome.
Imagine what the 7,500 Twitter folks would do as employees within an institution they abhorred overnight. What scale of effort would be exhausted to kill baby Elon Hitler for the greater social good? You don’t have to go too far in your imagination, because that’s exactly how Washington DC reacted to Trump’s arrival.
From day one to day one-thousand-four-hundred-sixty-one, no opposition was too much opposition by anyone, in every institution and every branch – including both wings of the UniParty congress, upper and lower chambers.
The threat that Trump represented needed to be managed, attacked and ultimately removed. There were/are trillions at stake, and keep in mind, DC is the epicenter of the global financial universe. As a result, the financial foot-soldiers of almost every western nation were aligned to assist the DC system in removing the threat.
Sometimes I laugh at the hindsight of people who say Donald Trump had terrible judgement in his appointments. I snicker because these are the same people who said General James “Mad Dog” Mattis was the greatest military leader since George Washington. How did that role as defense secretary work out?
No wait, Trump could have done a better job against the 147,000 people in the United States Dept of State, extending like metastatic cancer around the globe from their primary origination point in foggy bottom DC.
Oh, I’m sure the Ron DeSantis advocates have a plan for that, just as assuredly as they can jump to the typeset to instruct Musk how to modify the personnel outlooks of the social media network. Something that involves the multi-billion global media corporations folding up shop to shift their ideological compass headings, right?
Maybe free cookies will help the kids who work 3 hours a week, smile as they adjust to a 40-hour expectation.
I’m told that Donald Trump also planned badly to take over the 90,000 employees and $8.7 billion payroll at the U.S. Dept of Justice. Trump should have listened to the advice of the esteemed and well-regarded senior Senator from deep red Alabama, Mr. Jeff Sessions, who was also praised effusively by the same conservative crowd who praised the Mad Dog. If only Trump had installed a great stalwart for conservative principles like Sessions. Alas, we lost the opp… wait, huh, no.. wait,.. I mean, what?
Former UN official Ric Grenell was awesome as the “acting” Director of National Intelligence. If only President Trump had nominated Grenell from the outset, instead of that insufferable DC insider from the Senate Select Committee on Intelligence, Dan Coats, things would have been so much better.
With an ODNI confirmation from the same senate intelligence group that was trying to block Trump from ever reaching Washington DC, things would have been awesome. Hey, why is that “Acting” word always in front of Grenell anyway? Oh, wait, the “Republican” committee members wouldn’t what?
Alas, if Trump had only done a better job of hiring the 2,400 people who work for the White House, he would have avoided all of those horrible stealth terror cells who were in place to facilitate his removal. Surely it wouldn’t have taken him that long to go through the candidate pool and interview everyone willing to live within a 100-mile radius of the epicenter of morality and truthfulness known as Washington DC.
And boy did President Trump ever screw up with his 400+ staff National Security Council, who report to the National Security Advisor and come from every executive agency, including intelligence, to deliver wholesome and practical advice to the oval office holder they hated.
I’m sure Musk has a better plan to manage the Silicon Valley coders who design the algorithms at the Twitter. I mean, Musk and Ron DeSantis being all smarter than Trump would have a plan for stuff, right?
Speaking of “intelligence”, what was candidate Donald Trump thinking when he selected former Indiana Governor Mike Pence as his vice-presidential running mate? I mean everyone in the republican sphere of conservative politics hated Mike Pence in 2015 and 2016, knowing his conservative bona fides were a mask just waiting to drop and create havoc for the America-First agenda. I mean it’s not like everyone didn’t know Mr. Pence surrounded himself with liars, fabricators and political club staff who hated the Tea Party base. We all knew that in 2015 and 2016, right?
If only Donald Trump had hired the right kind of people within his administration, then the multinational global corporate media would not have needed to treat him like he was the walking personification of the antichrist. A few people here, and a few different people there, and everything would have gone swimmingly.
Many people know -to a demonstrable certainty- that Ron DeSantis has, right now, a list of about 200,000 people ready to move themselves directly into Washington DC and finally change the system for the better. I am certain this list exists because all the right crowd in conservative media tell me they are sure of it.
These betters are the people who would know such things because they knew Senator Ted Cruz was the reformist lightbringer in 2015. The word is that DeSantis uniquely carries the power to replace every corrupt republican member of the House and Senate simply by raising his chin a certain way when the sunlight glistens upon him.
It was the Fourth Quarter of 2019…..
….despite two years of doomsayer predictions from Wall Street’s professional punditry, saying Trump tariffs on China would create massive inflation…. It wasn’t happening!
Overall year-over-year inflation was hovering around 1.7 percent [Table-A BLS]; that was our inflation rate. The rate in late 2019 was firmed up with less month-over-month fluctuation, and the rate remained consistent. [See Below]
A couple of important points. First, unleashing the energy sector to drive down overall costs to consumers and industry outputs was a key part of President Trump’s America-First MAGAnomic initiative. Lower energy prices help the worker economy, middle class and average American more than any other sector.
Which brings us to the second important point. Notice how food price had very low year-over-year inflation, 0.5 percent. That is a combination of two key issues: low energy costs, and the fracturing of Big Ag hold on the farm production and the export dynamic:
(BLS) […] The index for food at home declined for the third month in a row, falling 0.2 percent. The index for meats, poultry, fish, and eggs decreased 0.7 percent in August as the index for eggs fell 2.6 percent. The index for fruits and vegetables, which rose in July, fell 0.5 percent in August; the index for fresh fruits declined 1.4 percent, but the index for fresh vegetables rose 0.4 percent. The index for cereals and bakery products fell 0.3 percent in August after rising 0.3 percent in July. (link)
For the previous twenty years food prices had been increasingly controlled by Big Ag, and not by normal supply and demand. The commodity market became a ‘controlled market’. U.S. food outputs (farm production) was controlled and exported to keep the U.S. consumer paying optimal prices.
President Trump’s trade reset was disrupting this process. As farm products were less exported the cost of the food in our supermarket became reconnected to a ‘more normal’ supply and demand cycle. Food prices dropped and our pantry costs were lowered.
The Commerce Dept. then announced that retail sales climbed by 0.4 percent in August 2019, twice as high as the 0.2 percent analysts had predicted. The result highlighted retail sales strength of more than 4 percent year-over-year. These excellent results came on the heels of blowout data in July, when households boosted purchases of cars and clothing.
The better-than-expected number stemmed largely from a 1.8 percent jump in spending vehicles. Online sales, meanwhile, also continued to climb, rising 1.6 percent. That’s similar to July, 2019, when Amazon held its two-day, blowout Prime Day sale. (link)
Despite the efforts to remove and impeach President Trump, it did not look like middle-class America was overly concerned about the noise coming from the pundits. Likely that’s because blue-collar wages were higher, Main Street inflation was lower, and overall consumer confidence was strong. Yes, MAGAnomics was working.
Additionally, remember all those MSM hours and newspaper column inches where the professional financial pundits were claiming Trump’s tariffs were going to cause massive increases in prices of consumer goods?
Well, exactly the opposite happened [BLS report] Import prices were continuing to drop:
This was a really interesting dynamic that no-one in the professional punditry would dare explain.
Donald Trump’s tariffs were targeted to specific sectors of imported products. [Steel, Aluminum, and a host of smaller sectors etc.] However, when the EU and China respond by devaluing their currency, that approach hit all products imported, not just the tariff goods.
Because the EU and China were driving up the value of the dollar, everything we were importing became cheaper. Not just imports from Europe and China, but actually imports from everywhere. All imports were entering the U.S. at substantially lower prices.
This meant when we imported products, we were also importing deflation.
This price result is exactly the opposite of what the economic experts and Wall Street pundits predicted back in 2017 and 2018 when they were pushing the rapid price increase narrative.
Because all the export dependent economies were reacting with such urgency to retain their access to the U.S. market, aggregate import prices were actually lower than they were when the Trump tariffs began:
[…] Prices for imports from China edged down 0.1 percent in August following decreases of 0.2 percent in both July and June. Import prices from China have not advanced on a monthly basis since ticking up 0.1 percent in May 2018. The price index for imports from China fell 1.6 percent for the year ended in August.
[…] Import prices from the European Union fell 0.2 percent in August and 0.3 percent over the past 12 months.
Posted originally on the conservative tree house on July 20, 2022 | sundance
In May the inflation rate in the U.S. increased to 8.6%, a few weeks later the European Union measured their May inflation rate to match at an exact 8.6% {link}. In June the U.S. inflation rate increased again to 9.1%, and now we see the U.K. reporting their June inflation rate today at 9.4%.
While the individual amounts of government COVID-19 spending amid the U.S, U.K. and Europe were different, the percentage of that spending in relationship to the size of their economy was very similar. As a result, the global inflation rates contain strong parallels.
None of these parallels are accidental. All of this economic turmoil is running on an identical track -on a global basis- because the entire western plan was coordinated and followed. What we are seeing right now is the outcome of the “Build Back Better” roadmap. The “global inflation” is the outcome.
Joe Biden is blocking domestic energy production as he follows through with the agenda of the Green New Deal. In Europe, not coincidentally demanded by Biden, a similar outcome comes from the sanctions and blocking of Russian energy resources.
One could make a reasonable argument that the team behind Joe Biden specifically wanted the EU sanctions against Russia, because the U.S. crew wanted to keep both industrial economies mirroring each other as the U.S. energy system was dismantled. It would make sense to avoid a spotlight on the U.S. economic collapse, by forcibly pushing the EU economy into the same situation.
Taking that line of geopolitical and economic consequence one step further, and that would be part of the strategy -albeit undiscussed- behind having a consistent global cap on the price that any nation could pay for Russian oil. That approach is not about punishing Russia, it is to make all of the economic pain and problems equal amid all western nations. Globalists, and the central bankers, are good at creating economic systems to deliver equitable misery.
LONDON — U.K. inflation hit yet another new 40-year high in June as food and energy prices continued to soar, escalating the country’s historic cost-of-living crisis.
The consumer price index rose 9.4% annually, according to estimates out Wednesday, slightly above a consensus forecast among economists polled by Reuters and up from 9.1% in May.
This represented a 0.8% monthly incline in consumer prices, exceeding the the previous month’s 0.7% rise but remaining short of the 2.5% monthly increase in April.
The U.K.’s Office for National Statistics said in Wednesday’s report that its indicative modelled consumer price inflation estimates “suggest that the CPI rate would last have been higher around 1982, where estimates range from nearly 11% in January down to approximately 6.5% in December.”
The most significant contributors to the rising inflation rate came from motor fuels and food, the ONS said, with the former soaring 42.3% on the year, the highest rate since before the start of the constructed historical series in 1989. (read more)
The key point is to see how this is all being done in synergy. These geopolitical and economic outcomes may, at least initially, seem like disconnected patterns. However, when you stand back away from each assembly of pixels it is possible to see a much larger picture in focus.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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