Russian Military Drills Conclude, Troop Withdrawal Begins, White House Proclaims the Stunning Strength and Brilliant Strategic Thinking of Joe Biden Averted Thermonuclear War


Posted originally on the conservative tree house on February 15, 2022 | Sundance | 361 Comments

The previously planned Russian training exercises [Announcement Here] have been completed in Belarus – close to neighboring Ukraine. Today those troops began returning to their places of regular deployment as reported by the Russian Ministry of Defense in Moscow.

As a result, the Biden manufactured ‘wag the dog‘ scenario, a fabricated ‘Russia invading Ukraine‘ premise by the White House, U.S. Dept of State, Pentagon and intelligence apparatus, needs to come to an end quickly.

After pretending that Russia was going to invade Ukraine in an effort to manufacture a political win out of thin air, Joe Biden will declare today he saved the world.

(New York Times) President Biden will speak on the Ukraine crisis at the White House this afternoon. Western analysts said it was too early to say if the announced troop movements were meaningful, but it might be a sign that Russia is stepping back from the threat of invasion.

President Vladimir V. Putin said Tuesday that Russia had decided “to partially pull back troops,” and the Russian Defense Ministry announced that some forces from military districts bordering Ukraine were being sent back to their garrisons, a sign that Moscow might be stepping away from the threat of an invasion.

The announcement was the strongest signal yet that Russia might be trying to de-escalate the military standoff near the Ukrainian border, but it was far from clear that the threat of war has passed. Military analysts warned that it was too early to make firm conclusions about any troop drawdown without more information. (read more)

Yesterday, Zero Hedge ran a CTH article detailing the fabricated ruse from the White House.  Today the AP said Zero Hedge was promoting propaganda from Russia.  Also today, White House has to pretend to take their victory lap early.  Go Figure.

Yes, you can thank me in the comments section for saving Ukraine from the United States CIA construct and averting war. [ LOL ] But seriously, that inflated sense of CTH importance is less silly than Biden’s claims today. That’s how stupid this entire thing has been.

Yes, the White House is exactly that desperate.

Standing Up


Posted originally on the conservative tree house on February 15, 2022 | Sundance | 373 Comments

I support this “BIG PICTURE” sentiment and delivery.

… The battle has just begun.

January Wholesale PPI Inflation Doubles Economic Expectations, Diesel Fuel Jumps 9.4% in January Alone, 56.5% For Year


Posted originally on the conservative tree house on February 15, 2022 | Sundance | 265 Comments

Here we go folks. Jumpin’ ju-ju-bones, the first wave of producer driven inflation has just been quantified.  The economic analysts are shocked, stunned, flabbergasted and surprised, because the January single month wholesale inflation of 1.0% is double what they expected.

The “producer price index” 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 January price data [Available Here] showing a dramatic 9.7% increase year-over-year in Final Demand products at the wholesale level.

Check out the single month wholesale price increases in these categories [Table 2]Beef jumped 6.5% in January (43.9% for year). Gasoline jumped 1.9% in January, (53.9% for year).  Diesel fuel jumped 9.4% in January (56.5% for year). Cooking oil 4.7% in January (36.4% for year).  Home heating oil jumped 7.3% in January (47.4% for year).  Pasta jumped 3.0% in January (16.2% for year). Tires jumped 4.6% in January (9.0% for year). Wholesale cleaning supplies jumped 3.8% in January (34.9% for year).

Unfortunately, there is nothing upstream in the supply chain and manufacturing pipeline to suggest that higher prices at the retail level are not coming.  The price of raw materials, and the wholesale energy costs to process those materials into finished goods, are still rising.

[Modified Table-A to remove noise]

Exactly as we suspected last month, the temporary drop in gasoline was the only reason December producer inflation was not MUCH higher.  However, that said, the BLS did revise December PPI inflation slightly higher putting it at 9.8%.  The cumulative costs of energy price increases continue to drive inflation in the entire system of goods production.

Year-over-year PPI for November (7.0%), December (7.0%) and now January (6.9%), shows the overall inflation in the wholesale supply chain is structurally here to stay.  We can expect much higher prices at retail for the foreseeable future.

Keep in mind that these figures are backward looking.  In my estimation the massive price increases the bureau has just quantified in January and the preceding months is the end of the first wave of massive inflation that CTH warned about last October.

“Do what you can do now to start preparing your weekly budget in ways you may not have thought about before.   Shop sales, use coupons, look for discounts and products that can be reformulated into multiple meals or multiple uses.   Shelf-stable food products that can be muti-purposed with proteins is a good start. Consider purchasing the raw materials for cleaning products and reformulate them yourself to avoid these massive increases in petroleum costs.” [October Warning]

The recent announcement of price increases we have discussed, from food producers specifically (Kraft-Heinz, Proctor and Gamble, etc.), in combination with massive fertilizer and farming costs for future yield, is the second wave that has yet to be quantified.  The second wave of retail inflation is only just beginning to arrive now and will extend throughout the spring/summer of 2022.

CNBC economic analyst Steve Liesman is struggling to reconcile the economic data from the last three months against his own prior claims that he could not/would not believe the economy and inflation were as bad as the BLS statistics reflect.   I do not like these elitist financial analysts who have zero connection to the Main Street economy.

Today, at the end of his remarks (very end of video below), showcasing just how disconnected these analysts are, Leisman shrugs off the massive inflation impact by saying consumers seem to be “taking it just fine.” WATCH:

No doofus, we are not taking it “just fine.”

At the end of these statistics are people really suffering and trying to figure out how to take care of their families when everything costs so much.  Working people who live paycheck to paycheck are being crushed by this Bidenflation, and most people are one small event away from a major checkbook crisis.   A broken car, a drop in hours worked, or an unexpected household expense can be extremely stressful right now.   No one is taking this “just fine“, regardless of how much we have prepared for it.

I do not like these analysts.

(Business Insider) – Producer prices in the U.S. jumped by much more than expected in the month of January, according to a report released by the Labor Department on Tuesday.

The Labor Department said its producer price index for final demand surged up by 1.0 percent in January after rising by an upwardly revised 0.4 percent in December.

Economists had expected producer prices to increase by 0.5 percent compared to the 0.2 percent uptick originally reported for the previous month.

The sharp increase in producer prices was partly due to a substantial rebound in energy prices, which spiked by 2.5 percent in January after tumbling by 1.7 percent in December.

Food prices also showed a significant rebound, jumping by 1.6 percent in January after dipping by 0.3 percent in the previous month. (more)

NYC falls into Pandemonium


Armstrong Economics Blog/Gov’t Incompetence Re-Posted Feb 15, 2022 by Martin Armstrong

New York City is no longer a place to admire. A friend went to see a play and was constantly harassed to pull their mask up after every drink. He wrote that he has decided to move and never return. Another friend was there, saw a man being robbed at gunpoint across the street in broad daylight in what use to be safe downtown and he wrote, that was the last straw. He no longer feels safe raising his children in NYC.

Now Mayor Eric Adams, who apologized for calling white people crackers (referring to the sound of whips),  fired more than 1,400 government workers who refused to get vaccinated. This is a city that is crumbling rapidly before our eyes. He has fired police and Fire Department workers and over 900 teachers. In broad daylight, a group of thieves stormed Celine Boutique in Soho and walked out with nearly $50,000 in shoplifting. New York is descending into total pandemonium.

Bancel Prompts Moderna Scare


Armstrong Economics Blog/Traders Re-Posted Feb 15, 2022 by Martin Armstrong

The rumor mill is churning out stories after Moderna CEO Stephen Bancel deleted his Twitter account and sold off stock. Some believe this indicates that people within the company know Moderna is doomed or that Bancel will be replaced. However, they failed to look at ALL the facts surrounding the story.

To begin, Bancel deleted his personal Twitter account @sbancel on February 11. This was his personal account that was not tied to the company despite his background image sporting the Moderna logo. Moderna’s company policy does not require former employees to delete their accounts. Most importantly, the last time Bancel posted was April 3, 2019. He has not used his Twitter account in three years!

Offloading 19,000 shares per week may seem like a lot to the average trader, but Bancel is provided with countless shares in Moderna stock as the acting CEO. Rule 10b5-1 of the Securities and Exchange Act of 1934 requires CEOs and other top-level executives to sell at predetermined times to avoid insider trading. Bancel has had a clear plan since December 2018, prior to the vaccination’s release, although he did recently modify his strategy in May 2021. Regardless, as of February 2022, Bancel owned 5.7 million shares directly and 16.1 million shares indirectly. He remains the company’s largest shareholder.

If Bancel continued to sell 19,000 shares per week for the year, that would represent less than 5% of what he holds in the company. Bancel could have deleted his Twitter account for a variety of reasons, but his trading activity should not cause panic over Moderna’s future.

Hochul Sneaks in Authority to Arrest People For Health Reasons


Armstrong Economics Blog/Tyranny Re-Posted Feb 15, 2022 by Martin Armstrong

COMMENT:  Dear Martin,
I am writing to bring your attention to this action by New York State Governor Kathy Hochul. This has been slow coming to public awareness because she very quietly published this slate of ‘regulations’ just before Christmas when everyone was involved with the holidays. She also did it without any press release. Now the 60 day comment period is coming to an end on February 14th. After the Comment Period ends, these ‘regulations’ will be voted on by the NY State Dept. of Health Public Health Council and, if passed, will become LAW without having ever gone before the NYS Legislature!
One of the ‘regulations’ will allow her to imprison ANYONE she feels is a threat to public health There is NO procedure for you to get out once you are detained. They are trying to use public health as a cover to arrest any dissenters.
The other three regulations would allow her to make face coverings permanent, not allow visits in nursing homes, give school nurses the authority to vaccinate without parental consent, and mandate the vaccine for all. The last one will be voted on by the New York State Board of Regents.
There is a very good video with Alix Mayer from Children’s Health Defense, John Gilmore from Autism Action Network and Curtis Cost from Informed African Americans which succinctly explains all of this and which can be viewed at:
informedafricanamericans.blogspot.com
The whole world is waking up and resisting the Covid mandates. Meanwhile, our NYS Governor is taking actions to lock up anyone they want. The only possible thing that can stop this is public exposure, hence my email to you.
Thank you! for all you are doing!

AMDG

REPLY: This has been part of Schwab’s agenda – to use health as the means to impose Marxism. In a virtual session of the World Economic Forum, Fauci said: “It’s very disturbing, I believe to all of us as public health officials and scientists, such a degree of pushback against regular, normal, easy-to-understand public health measures. Reluctance to wear masks, reluctance to promote vaccination, reluctance to do kinds of public health measures.” Fauci is a government employee who is spending more time advocating a foreign entity that has a public goal to control the world and overthrow the United States.

I am not thrilled about the flight to Florida. Now 1,300 people PER DAY are fleeing to Florida.

Schwab’s Admiration for Lenin


Armstrong Economics Blog/WEF Re-Posted Feb 15, 2022 by Martin Armstrong

I can verify that this photo going around of Schwab with a statue of Lenin on his bookshelf is genuine. He really does have that in his office.

This is based upon first-hand knowledge, not speculation of rumor.

Let me explain something very important for those who do not know their Russian history. Following the 1917 October Revolution, the Bolsheviks/Communists relied upon the dogmas of Marx and Engels to create a new world of equality. They too preached that they would change all the existing ways and customs far beyond politics and economics. They attacked human nature, as the left is doing once again. Suddenly, the very notion of human morality that formed the very foundations of a healthy society was to be forever altered.

Churches were seized, and religion was abolished. Everything that was the foundation of humanity that we call conservatism today was attacked by the Communists in Russia. This today is unfolding with the woke mobs in the West. The Communists’ goal was to destroy the very fabric that binds society together to ensure that the people would remain as individuals and afraid to ban together to overthrow the government. They indeed destroyed the age-old moral values of people. You no longer smiled and said hello when passing a stranger. Religion had to be abolished, for you were to only trust in the government. God was rendered nothing more than a superhero in a comic book.

They drove a wedge between friends and all social relations between people, including the complete rejection of family. Children were taught the State was their real parent, and if their biological parents ever spoke against the State, they were to turn them in. They turned parents against their own children looking at them as a government informant. All this was proclaimed by Lenin to be “progress” for the advancement of society and the State.

Lenin indoctrinated his leading feminist lieutenant, Alexandra Kollontai (1872-1952), who became the first female commissar in the Soviet government. They took what the suffragettes were fighting for in the West as equal rights, and included that as part of the communist manifesto.  They equated marriage to slavery to divide even husband and wife, not just the children against the parents. Lenin, Schwab’s hero, wages an all-out war on “old and outdated” institutions like marriage and family, elevating the State as the dominant role. Instead of marriage, there would be more disposable “unions of affection and comradeship.” Lenin launched the “liberation” of the family and made divorce a natural step. Abortion on demand was brought in during 1920.

Alexandra Kollontai actually wrote: “The family is ceasing to be necessary either to its members or to the nation.” Capitalists, she said, “are well aware that the old type of family, where a woman is a slave and where the husband is responsible for the well-being of his wife and children, is the best weapon in the struggle to stifle the desire of the working class for freedom and to weaken the revolutionary spirit of the working man and working woman.”

The Bolsheviks insisted that women would have the right to vote, but that was meaningless when they eliminated all opposition and imposed the one-party rule. The liberation and equality of women’s right to equal wages became a joke for capitalism is based upon your freedom to pick your profession, whereas under communism, individualism is ignored. Women were quickly ghettoized into state-chosen professions; their wages went down with the freedom to decide their own futures.

The strategy behind destroying the family unit was that women without husbands could then be socialized much more easily. Destroying the family unit was critical to the success of communism. This is the man whose bust is on Schwab’s bookshelf — one of his mentors.

The West is Crumbling & Putin Knows it


Armstrong Economics Blog/Russia Re-Posted Feb 14, 2022 by Martin Armstrong

QUESTION: It appears that Russia has shifted its focus claiming it may need to protect Russian citizens in Eastern Ukraine. You seem to have more insight than what I read elsewhere. Biden is now scrambling with Borris here in London on a way to appease Russia. Do you think this will succeed?

SL

ANSWER: This is the oldest excuse in the book which every government has used from the USA to Hilter’s invasions to protect Germans living in Czechoslovakia was a similar excuse. In the case of the Sudetenland, the Czechoslovak borderland, it was annexed in 1938 because the German local majority had the right to self-determination. Even in 1989, In December 1989, the United States invaded Panama Canal Zone to protect the Americans there. What Putin has declared is nothing new. Most major powers have acted on the very same grounds. However, by Putin saying this is precisely what I have been saying. He could just take the East and not bomb Kyiv. That would back that excuse to protect the Russians in East Ukraine.

Putin has already won. The West tried to call his bluff and rejected everything he asked for. The problem with this poker game is that Putin holds all the cards and he is a master chess player. Our model picked up this week as capital flows have been in a state of panic. But Putin has previously sold all US debt holdings and we did not witness a massive wholesale liquidation of US debt by China. Our model has not shown a sustained crisis and it appears that we do have a situation where the West is crumbling.

Reliable sources report that Putin could take Kyiv in less than one week if he wanted. He could be in Paris in a few weeks. But that does not appear in our models at this time. It does show that Putin is winning the war without firing a shot. Ukraine will not be allowed into NATO. Will the West agree to secretly pull back to 1997 levels? The West has no power and the leaders of the West are incapable of winning a game of checkers, no less chess.

Even in Canada, the Premier Doug Ford of Ontario has announced that the Truckers have won. He will lift all capacity restraints for indoor meetings and proof of COVID-19 vaccination requirements by March 1st. We are saddled with the most incompetent group of world leaders I believe in recorded modern history. This leaves Putin as the smartest by far. All he needs to do is wait and watch how the West is pandering because they cannot even mount any defense whatsoever.

Tucker Carlson Outlines the Recent Revelations of Clinton Allied Government Contractors Spying on Trump White House


Posted originally on the conservative tree house on February 14, 2022 | Sundance | 231 Comments

Fox News Host Tucker Carlson used his opening monologue to outline the recent court documents highlighting how government contractors aligned with the Hillary Clinton campaign were permitted to conduct electronic surveillance of Donald Trump as a candidate and a President.

The electronic data was extracted by Neustar, a federal contractor.  The head of the organization, Rodney Joffe, then used cyber tech resources from Georgia Tech to assemble the data and deliver a false report to the Clinton campaign of Trump-Russia connections.

Trudeau Authorizes Bank Accounts Frozen for Social Media Posts in Support of Freedom Protests – Canadian Civil Liberties Association Denounce Decision


Posted originally on the conservative tree house on February 14, 2022 | Sundance | 415 Comments

The triggering of an official invocation of the Canadian Emergency Measures Act to eliminate protests is stunning.  Using the Emergency Act to target individual citizens in Canada, and their bank accounts, is yet again another level of astonishing. RESOURCES:

♦ Emergency Act HERE ♦ Summary Justification of Act HERE

♦ Press Release HERE ♦ Finance Minister Statement HERE

The Canadian Civil Liberties Association has announced their opposition to the government declaration:

I am carefully reviewing the details of the authorization because according to the public statements by Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland, they have authorized banks, financial institutions and insurance carriers to suspend the accounts of Canadian citizens based on their social media postings.

Yes, you read that correctly.   Support of “blockades and/or occupations” are specifically noted.

Anyone in Canada (individual or business) who supports or “furthers” the Freedom Convoy or Freedom Protest on Facebook, Instagram, Twitter or any other social media platform, is a target to have their bank accounts frozen and insurance policies nullified.

But wait, it gets worse.

Not only are people subject to get their bank accounts frozen, but the decision also to freeze the accounts is entirely up to the reviewer, and the reviewer is protected by the government from civil liability for their decision.

Support” and “affiliated with” are loosely defined, and as a result a guy delivering pizzas to an Ottawa “occupation” truckdriver is also running the risk of seeing his bank account frozen simply for providing the food.  I can see why the Canadian Civil Liberties Assocation would take issue with this declaration.

A banking employee who does not like the politics of a customer as revealed by a review of their social media postings, and merely “suspects” the account holder of supporting or furthering the action, can -without any liability- block the bank accounts of any customer or account holder; and they do not need to provide an explanation.

Review this statement carefully (emphasis mine):

Freeland …”the government is issuing an order with immediate effect, under the Emergencies Act, authorizing Canadian financial institutions to temporarily cease providing financial services where the institution suspects that an account is being used to further the illegal blockades and occupations. This order covers both personal and corporate accounts.

Third: we are directing Canadian financial institutions to review their relationships with anyone involved in the illegal blockades and report to the RCMP or CSIS.

As of today, a bank or other financial service provider will be able to immediately freeze or suspend an account of an individual or business affiliated with these illegal blockades without a court order. In doing so, they will be protected against civil liability.

Federal government institutions will have a new broad authority to share relevant information with banks and other financial service providers to ensure that we can all work together to put a stop to the funding of these illegal blockades.

This is about following the money. This is about stopping the financing of these illegal blockades. We are today serving notice: if your truck is being used in these protests, your corporate accounts will be frozen. The insurance on your vehicle will be suspended. Send your semi-trailers home. The Canadian economy needs them to be doing legitimate work, not to be illegally making us all poorer.

We are announcing these measures after careful reflection. I spoke directly with the heads of Canadian banks and I would like to commend them for doing their part to uphold Canadian laws and Canadian democracy, and to protect our economy.” (more)

As you consider the term “illegal” in the paragraphs above, it is important to remember that the people who were hiding Anne Frank were breaking the law; and the people who killed Anne Frank were following the law.   As history tells us, laws in/of themselves are not always moral or correct.

Americans really need to pay attention to this example.  The Canadian government can force their citizens to take a medical procedure (Vaccination) in order to work, and if you protest that demand your bank accounts can be confiscated by the state.  How is communist China worse?

Today, the Canadian government became the tanks in this famous image: