Farm Bureau Estimates July 4th Food Basket Costs 17 Percent More in 2022


Posted originally on the conservative tree house on June 29, 2022 | Sundance

The U.S. Farm Bureau posts their calculated cost of the July 4th holiday food basket each year.  This year the Farm Bureau is estimating a cost of $69.68 for ten people, that is an increase of 17% from 2021. [DATA HERE]

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I’m not sure we could feed ten people for less than $70, but that’s the estimate from the Farm Bureau which aligns with the Consumer Price Index.  Full data below.

(Farm Bureau) – […] Data for this year’s survey was collected by 176 volunteer shoppers across the country and in Puerto Rico, including Farm Bureau members and others.

Individual Prices, AFBF 2022 Summer Cookout

2 pounds of ground beef, $11.12 (+36%)

2 pounds of boneless, skinless chicken breasts, $8.99 (+33%)

32 ounces of pork & beans, $2.53 (+33%)

3 pounds of center cut pork chops, $15.26 (+31%)

2.5 quarts of fresh-squeezed lemonade, $4.43 (+22%)

2.5 pounds of homemade potato salad, $3.27 (+19%)

8 hamburger buns, $1.93 (+16%)

Half-gallon of vanilla ice cream, $5.16 (+10%)

13-ounce bag of chocolate chip cookies, $4.31 (+7%)

2 pints of strawberries, $4.44 (-16%)

1 pound of sliced cheese, $3.53 (-13%)

16-ounce bag of potato chips, $4.71 (-4%)

DATA Source

Civics Fail, AOC Says it is Responsibility of Executive Branch and Legislative Branch “to put the supreme court in check”


Posted originally on the conservative tree house on June 29, 2022 | Sundance

June 29, 2022 | Sundance | 158 Comments

In exactly 22 seconds during a late-night television appearance, Democrat Representative Alexandria Ocasio-Cortez showcased her lack of understanding how the United States government works.  Ms. AOC literally gets the construct of our government reversed.

According to AOC it is “the responsibility of the president and congress to put the Supreme Court in check.”

Exactly the opposite is true.

It is the literal role and responsibility of the Supreme Court to check the constitutional validity of the legislative and executive branch.   The supreme court exists, almost exclusively, to keep the president and congress in check.  WATCH:

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Ms. AOC could not be more wrong if she tried.  However, this is a great example of how basic civics are unknown to some of the people in congress.   Quite remarkable.

Fuel Shipping Costs Soar


Armstrong Economics Blog/World Trade Re-

Posted Jun 29, 2022 by Martin Armstrong

The cost of shipping has added another variable to the complicated global inflation and energy crisis. According to the Baltic Exchange data as reported by Bloomberg, hauling rates have reached a high not seen since April 2020.

The TC-5 passage commonly used to transport fuel from the Middle East to Japan cost around $61 per day in February. That same voyage costs an alarming $50,000 per day. Shipping costs from the US to Brazil on route TC-18 spiked from $3,800 per day in February to a high of $37,000 daily. The world is reliant on these fuels, and demand is expected to rise 6% this year alone.

Europe shot itself in the foot by eliminating its usage of Russian oil. The US and Canada similarly created their own energy crises by becoming reliant on fuel imports. A tax holiday or similar temporary bandage will not help the ongoing crisis that will certainly last beyond the Russia-Ukraine [and West’s proxy] war.

Defaults & Stupidity


Armstrong Economics Blog/ECM Re-Posted Jun 29, 2022 by Martin Armstrong

The West has forced Russia into its first foreign debt default since 1918. You really have to wonder exactly how our world leaders rationalize their reasoning. Strangely, this was actually cyclically on target. It was two groups of 6 waves of 8.6 years making it 104 years, It is interesting how Socrates had targeted that as well. We are in the Sovereign Debt Default mode. As I have said before, we will see that start in the emerging markets which have already begun. It will then spread to Europe and eventually end up with the United States coming in last.

While our politicians cheer forcing Russia into default, these morons only look at stopping Russia from borrowing. They have relieved it of debt servicing and that means the losers are Western institutions which are primarily pension funds because they got a better rate in the face of deplorable rates in the West. This will create more of a financial crisis in the West and these funds will then turn to their respective governments for compensation since they caused the default.

The Federal Reserve is pushing rates higher as I warned because they are blamed for inflation. It does not matter that it will fail and created more inflation and spur the emerging market sovereign default. That is the ONLY tool they have under Keynesian Economics.

My bet is when the history books are written of this period, they will classify our world leaders as the worse possible gathering of incompetent people who are leading the world DELIBERATELY into World War III.  I thank God I am not 18 years old. I get to leave this insane world that is now just simply nuts. I had one reader comment that they must be too old because they do not even understand all these labels like a non-binary person.

In my days, there was just someone who was Gay, Bisexual, and Heterosexual. We knew the difference between a man and a woman. Even in Thailand, guys that had their sex changed called themselves lady-boys. I feel like my grandfather who was born in 1894 and died at 99 back in 1993. I bought him a 70″ TV so he could see it better. He said to me, he didn’t like it. I asked what was wrong Pop? He said it plays more commercials than the old one.

He saw it all. The invention of electric lights, cars, planes, and TV. Today, there are so many labels and if you use the wrong one they are offended. I think it is time for a singular label – Hey you! Historically, the more labels you create, the greater the division, and the faster civilization crumbles to dust. That’s what 2032 is all about.

Feminine Product Shortage Fuels War on Women


Armstrong Economics Blog/Ethics Re-Posted Jun 28, 2022 by Martin Armstrong

Essential feminine products are in short supply. A few girls I know laughed and said that they could have told me this a year ago before the topic reached the headlines. One complained that she traveled to three different stores to find her preferred brand. A shortage of cotton and plastic items has led to a slowdown in tampon manufacturing. This is not a good time of the month to anger half of the population.

Both CVS and Walgreens acknowledged the shortages and promised to increase supply. A spokesperson for the tampon manufacturing company Tampax, owned by P&G, said that they are “producing tampons 24/7 to meet the increased demand for our products.” Instacart, a grocery and drugstore delivery service, noted that tampon orders dropped to 67% last week and panic buying of bulk orders rose 29% week over week.

Adding to the war on women, feminine product prices have risen 10% in the past year according to NielsenIQ. Let us not forget the “pink tax” – women’s products were already 42% higher than products marketed to men. Before the world fell apart, women paid $1,300 per year more on average for the same products as men. That amount is much higher now. Worsening matters, most states in the US add a “luxury tax” to tampons and other essential feminine products. Yet, numerous companies and universities are stocking men’s restrooms with tampons to appeal to the woke culture.

New York estimated that it lost $14 million in annual revenue after repealing the tampon tax in 2016. California voted to suspend the tampon and diaper tax for two years, with an estimated loss of $55 million. Governments should not be using women’s bodies for their budgets. Our newest Supreme Court justice refuses to define “woman,” but the government is taking advantage of our daughters, wives, and sisters with little pushback for what is blatant discrimination.

San Antonio Human Smuggling Death Toll Rises to 51 as White House Says the Border is Closed


Posted originally on the conservative tree house June 28, 2022 | Sundance 


The death toll in the human smuggling operation involving a tractor trailer filled with illegal aliens has risen to 51 people. Mexican Foreign Secretary Marcelo Ebrard Casaubon said on Twitter that among the victims were 22 Mexican nationals, seven Guatemalans and two Hondurans.

TEXAS – […] Bexar County Precinct 1 Commissioner Rebeca Clay-Flores said the death toll has risen to 51 people during a press conference Tuesday afternoon. Initially, 46 people were found dead in the trailer Monday and 16 people were hospitalized, authorities said.

The death count was the highest ever from a smuggling incident in the United States, according to Craig Larrabee, acting special agent in charge of Homeland Security Investigations in San Antonio.

“This is a horror that surpasses anything we’ve experienced before,” said San Antonio Mayor Ron Nirenberg. “And it’s sadly a preventable tragedy.”

The Baptist Health System in San Antonio received five patients and two have since died, spokesperson Natalie Gutierrez told USA TODAY. She said three remained in critical condition.

Two people were taken to University Hospital in San Antonio, including an adolescent male and a 23-year-old woman, the University Health System said on Twitter. Both were in critical condition. (read more)

Press Conference:

The White House released the following statement:

The tragic loss of life in San Antonio, Texas that took place yesterday is horrifying and heartbreaking.  Our prayers are with those who lost their lives, their loved ones, as well as those still fighting for their lives. As always, I am grateful for the swift work of all of the Federal, state, and local first responders.

While we are still learning all the facts about what happened and the Department of Homeland Security has the lead for the investigation, initial reports are that this tragedy was caused by smugglers or human traffickers who have no regard for the lives they endanger and exploit to make a profit.

This incident underscores the need to go after the multi-billion dollar criminal smuggling industry preying on migrants and leading to far too many innocent deaths. In Los Angeles two weeks ago, I announced that the United States has launched a first-of-its kind anti-smuggling campaign with our regional partners.  In the first three months, we have made over 2,400 arrests, and that work will only intensify in the months ahead.  

Exploiting vulnerable individuals for profit is shameful, as is political grandstanding around tragedy, and my Administration will continue to do everything possible to stop human smugglers and traffickers from taking advantage of people who are seeking to enter the United States between ports of entry. (link)

White House Spokesperson Karine Jeane-Pierre was questioned about the events and delivered a weird response claiming the border is closed:

MS. JEAN-PIERRE:  So, 46 people died — right? — in the state of Texas, and so — and others, as I just mentioned, are still fighting for their lives.

So we’re still learning their names.  Their families are still learning they lost loved ones, as when a tragic situation normally happens.  We’re focused on them, on the facts, and holding the human strugglers [smugglers] who endangered vulnerable individual — individuals for profits accountable.

And we’re — and we’re focused on continuing our historic actions to disrupt dangerous smuggling networks, including through a new anti-smuggling campaign that just in the first two months resulted in over 1,800 arrests.  But the fact of the matter is the border is closed, which is in part why you see people trying to make this dangerous journey using smuggling networks. (read more

Ghislaine Maxwell Sentenced to 20 Years for Her Role in Epstein Sex Abuse Operation


Posted originally on the conservative tree house on June 28, 2022 | Sundance 

In December of last year Ghislaine Maxwell was convicted of conspiracy, sex trafficking and transporting a minor to engage in illegal sex acts.  Today, six months later, she received her sentence, 240 months’ imprisonment.

New York – Ghislaine Maxwell, the socialite who was convicted late last year of helping financier Jeffrey Epstein sexually abuse underage girls, was sentenced on Tuesday to 20 years in prison.

“A sentence of 240 months is sufficient and no graver than necessary,” U.S. District Judge Alison J. Nathan said while issuing the verdict.

Nathan addressed those gathered inside the federal courthouse in lower Manhattan, including Maxwell and some of her victims.

“Ms. Maxwell directly and repeatedly and over the course of many years participated in a horrific scheme,” Nathan said. “Ms. Maxwell worked with Epstein to select young victims who were vulnerable.”

The judge said that Maxwell, 60, played a “pivotal” role facilitating “heinous and predatory” abuse. Nathan also imposed a $750,000 fine, the maximum amount possible under the law.  Outside the courthouse, Maxwell’s lawyer told reporters she plans to appeal.  (read more)

The question remains… Who were the clients?

U.S. and Canada Tell G7 That Climate Change Policy is More Important Than Feeding People


Posted originally on the conservative tree house on June 28, 2022 | Sundance

Say what you will about Boris Johnson, but he does proffer pragmatic solutions to problems.

With a pending global food shortage only looking worse by the day British Prime Minister Boris Johnson has proposed to use biofuel farmland to grow food that can be consumed by people.

German Chancellor Olaf Schulz is also supporting the plan. However, Joe Biden and Justin Trudeau have denounced the effort to expand food production in the U.S. and Canada and blocked the framework from G7 policy.

WASHINGTON – […] Mr Johnson will address G7 leaders at a summit in Germany and ask them to repurpose land currently used for crop-based biofuels to grow more food.

The Prime Minister believes using less green fuel would dampen soaring food prices and help avert famines in poorer countries that rely heavily on Ukrainian grain blockaded in ports by Russia.

However, Mr Biden’s officials made it clear on Sunday that Washington will attempt to block the plans in a bid to protect US farmers and avoid jeopardising climate commitments.

Downing Street sources admitted that Mr Johnson’s plan would fail without the support of all G7 nations. The Telegraph understands Germany is backing the plan, but it has been rebuffed by the US and Canada. (read more).

North American farmers, experts in crop efficiency and production, could easily fill the gap on any missing food products from Ukraine.  Unlike Europe North America has more than one annual crop cycle each year.  We are fortunate in our abundance.  However, the multinational corporations, Big Ag, would need to see support from U.S. and Canadian agriculture policy before expanding production for food.

The Biden administration has already increased the mandate for biofuel ethanol and is charging gasoline refineries more money if they do not use 15% ethanol (E15) year-round. This Biden administration E15 mandate, or pay a fee, is part of what has driven up the price of gasoline.

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 they purchased ethanol or biofuel to mix with refined gasoline. {Go Deep}

This enforcement requirement sets up a system where the RIN credits are bought and sold by small refineries who do not have or want the infrastructure to do E15 blending.  Those refineries 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.

[NOTE: The RIN credit trading platform is similar to what we might expect to see if the ‘Carbon Trading’ scheme was ever put into place.]   However, now that the summer biofuel requirements for blended gasoline have gone from 10% to 15%, the price of the RIN credits has increased.  This costs refineries billions in additional expenses,…. which means the cost of non E15 gasoline from the refineries has increased…. which means the price of non E15 gasoline at the pump has increased.

If the U.S. and Canada were really concerned about food insecurity and the potential for famine, Joe Biden would drop the E15 requirement (the term “waiver” is a misnomer in this policy that actually means government requirement) then less biofuel would be needed and less RIN credits would need to be purchased.  This would allow North American farmers to produce food crops for people and would simultaneously drop the price of gasoline (no RIN credits needed).

However, the U.S. (Biden) and Canada (Trudeau) will not generate more food for people because that would undercut the effort for climate change.

Maintaining the climate change agenda is more important than feeding people, according to Justin Trudeau and Joe Biden.

French President Macron Tells Joe Biden That Begging Saudi Arabia for More Oil Won’t Help, The Saudis are at Maximum Production – Video


Posted originally on the conservative tree house on June 28, 2022 | Sundance

Video has surfaced showing French President Emmanuel Macron informing Joe Biden that asking Saudi Arabia for more oil will not help the current situation and the global energy crisis Joe Biden has created.

The video is from an impromptu conversation at the G7 Summit in Germany.  After a minute, Biden’s National Security Advisor Jake Sullivan steps in and tells the group they need to go inside and have this conversation because the media can hear and see what they are discussing.  WATCH:

The larger issue comes down to a catastrophic energy agenda by Joe Biden made worse by U.S. foreign policy.  Biden has killed the U.S. oil and gas industry driving up the price of energy which is having horrific consequences as consumer prices skyrocket.  Simultaneous to this bad domestic energy policy, Biden has placed sanctions against Russian oil and gas with the backdrop of preexisting sanctions against Iran and Venezuela.

No oil/gas from Russia, no oil/gas from Iran, no oil/gas from Venezuela and now less oil/gas from the United States.  The western alliance is trying to push the climate change agenda while cutting off their own access to cheap energy supplies.   THIS is the primary source of what has been called “global inflation,” it is a self-inflicted wound against the citizens in the western nations.

French President Emmanuel Macron telling the installed occupant of the White House that Saudi Arabia cannot produce more oil for at least six months.

Kremlin: NATO Preparing for War with Russia


Armstrong Economics Blog/War Re-Posted Jun 28, 2022 by Martin Armstrong

(Footage from Operation Barbarossa, known in Russia as the Great Patriotic War)

I have warned that Russia has felt as if it were on the defensive. They feel that the West and NATO have aligned against them and infringed on their sovereignty. Pope Francis made similar comments when he said that Russia was perhaps “provoked” and invaded Ukraine once they felt backed into a corner from which there was no escape.

Foreign Minister Sergey Lavrov recently stated that he fears NATO and the West are planning to eventually wage war with Russia. The European Union (EU) recently granted candidacy status to Ukraine after denying them entry for years. They know Ukraine’s debt will be unpayable after the war without Russian reparations which will likely cripple the Russian economy. The war would have ended months ago if Western powers did not intervene and continually provide billions in funding. They are not simply doing a good deed – there is a reason behind their involvement.

Lavrov compared the situation to June 22, 1941, when Nazi Germany invaded the Soviet Union. The Soviet Union was surprised by the attack, but Germany was not alone. Troops from Romania and Finland helped Germany invade, and later forces from Croatia, Hungary, Italy, and Slovakia were brought in to fight all the way to the outer areas of Moscow.

“Hitler rallied a significant part, if not most, of the European nations under his banner for a war against the Soviet Union,” Lavrov said. “[N]ow, the EU together with NATO are forming another—modern—coalition for a standoff and, ultimately, war with the Russian Federation.” Everyone disregards these remarks simply because they cannot fathom comparing a Jewish identifying leader (Zelensky) to Hitler despite the fact that Zelensky has been seen alongside modern-day Nazi coalitions.