Category Recession / Depression

Sep 23 2022

Massachusetts Energy Companies Announce 64% Increase in Electricity Rates Beginning November 1st


Posted originally on the conservative tree house on September 22, 2022 | Sundance 

National Grid and Eversource are the two major electricity providers for Massachusetts. Both companies have notified the Department of Public Utilities (DPU) that rates for electricity are about to skyrocket.

National Grid has announced a 64% increase in electricity rates effective November 1st. While Eversource is on a different schedule, they too have announced an increase in natural gas rates of 38% on November 1st and the January 1, 2023, electricity rate will be announced in the next few weeks. Eversource is anticipated to announce a similar rate increase to National Grid. WATCH:

Both major power companies rely on natural gas to create electricity.  Thanks to Joe Biden’s energy policies, which includes the massive export of natural gas in LNG form, domestic prices for natural gas have skyrocketed and will continue increasing as production is further shut down by regulation.

We are helping the EU survive their sanction driven energy crisis by sending them natural gas (LNG format), while simultaneously forcing Americans to pay more in order to maintain the EU export.   Everything about the process is FUBAR.

Massachusetts – […] National Grid said the monthly bill of a typical residential customer using 600 kilowatt-hours of electricity will increase from $179 last winter to about $293 this winter, an increase of about 64%. National Grid said the delivery portion of electric bills will basically remain flat.

“National Grid buys electricity on behalf of its customers from the wholesale power market through a regulatory approved process established 20 years ago. That process has served customers well over the years and provides flexibility for unforeseen events, like limited supplier response to solicitations. But things have fundamentally changed,” Helen Burt, the company’s chief customer officer, said in a statement. “Today, under a sustained, high market price environment, it is challenging to maintain affordable prices. Given that, we think it’s a good time to work with our regulators and other stakeholders to review the process and electricity supply dynamics in the region, with an eye toward reducing price volatility and maintaining a secure, reliable and resilient energy system for the future.”

The company also announced that its natural gas rates are expected to rise on Nov. 1. They said they have a pending proposal with the state Department of Public Utilities that would result in the monthly bill for an average Boston Gas residential heating customer using 115 therms per month of $278, an increase of $50, or 22%, compared to last winter’s rates.

Eversource, the state’s other major electric provider, said in an email that it is on a different schedule than National Grid for setting its electric rates so no increases are currently planned.

“We file electric base service rates twice per year with the DPU,” company spokesman Chris McKinnon said. “Our last change was on July 1, 2022 and our next change will be January 1, 2023, which we will be filing for in the coming months.”

Over the border in New Hampshire, Eversource announced in July that electric rates would be doubling for many residents due to higher natural gas prices fueled in part by the war in Ukraine.

Eversource did announce Wednesday that it has submitted a proposal to the Department of Public Utilities seeking to raise its natural gas rates. They said their average residential customer using 126 therms of gas a month would see an increase of about 38%, or $86 on their natural gas bill over last winter. Those rate increases would take effect Nov. 1.  (read m0re)

Sep 23 2022

Checkbook Economics, Household Expenses Rise $961 Per Month, $11,532/yr, While Incomes Remain Flat


Posted originally on the conservative tree house on September 22, 2022 | Sundance

With most financial media being intentionally obtuse with the Biden economic impact upon Main Street, it is refreshing to see analysis that cuts to the heart of the matter.  HatTip to ZeroHedge who provides a link to a great article outlining reality for blue and white-collar working families.

The folks at NerdWallet have taken the inflation date from the Bureau of Labor and Statistics (BLS) and applied the math to real life.  The result is a good encapsulation of checkbook economics and how the Biden economy is painful for the working class.

In total, Joe Biden’s energy policy driven inflation has added $961/month to preexisting expenses.  That’s $11,532 a year just to retain the status quo standard of living.

(NerdWallet) – […] In all of 2020, American households spent $61,300, on average. This number includes everything we spend our money on: housing, food, entertainment, clothing, transportation and everything else. In 2022, it stands to reach $72,900, a difference of more than $11,500 if consumers want to maintain the same standard of living. Keep in mind, this is an average, a number that represents an approximation across all Americans, but one that’s exact to a very few. Those who earn (and therefore spend) more will see more dramatic dollar increases. Those who earn less may see less dramatic dollar jumps, but the impact of these rising prices could be more significantly felt. (read more)

If the average household spent $61,300 and inflation is adding $11,500 to the expense, that means we now have to spend 18.7% more just to maintain the current standard of living.  That average is in line with what we are seeing in the real world.

Sep 22 2022

KASH PATEL: THE REAL REASON DEM RUN COUNTIES ARE NO LONGER SAFE


The Charlie Kirk Show Published originally on Rumble on September 21, 2022

A very good discussion with a good idea!

Sep 22 2022

Interview WORLD FIRST: The Plot to Seize Russia, War Propaganda, and More


Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 22, 2022 by Martin Armstrong

Listen to my latest interview with Maria from Zeee Media.

Description from Maria:

World renowned economist Martin Armstrong joins us to break the story of the several-decade long plan to seize Russia, detailing how he has obtained declassified documents from the Clinton Administration, and how he was previously targeted for possessing this knowledge – which he is finally able to release.

Martin takes us through his encounter with an alleged terrorist from 9/11 while he served in prison, who was actually a Pakistani Christian that was framed by the US Government. We also discuss world events, war propaganda, and Martin’s insight into where we are heading.

Sep 22 2022

When Did Illegal Immigration Become a Republican Issue?


Armstrong Economics Blog/Politics Re-Posted Sep 22, 2022 by Martin Armstrong

Securing the border was previously a bipartisan issue. National security, before the age of 9/11, focused on keeping the US borders secure and free from foreign invasion. There is a record number of illegal aliens crossing the US-Mexico border daily under the current Biden Administration, which has no plans to stop this invasion. In fact, they seem to be encouraging it and reframing it as a race or humanity issue.

The video above is from former President Bill Clinton’s 1995 State of the Union speech. Preventing illegal immigrants from crossing into America was on the DNC’s radar back then. It was not considered a racist issue until recently. Clinton states that although America is a nation of immigrants, it is also a nation of laws that must be protected. Under the Biden regime, this speech would be considered extreme right-wing fascism. If I posted only the transcription of this speech, many would think these words came from Trump. For an array of reasons, Bill Clinton would not have lasted long in woke America.

There is no plan to fix the open border. DeSantis and Abbott have attempted to send immigrants to blue states where they support open borders without experiencing the consequences. DeSantis caused a mass meltdown at Martha’s Vineyard when he sent a plane of illegal immigrants there, as the voters claim to be so tolerant. Within hours, the people of Martha’s Vineyard had the National Guard ushering out the undesirables. New York, Chicago, and DC are among the many blue cities that turned away illegal immigrants despite voting favorably for open borders.

The immigration crisis amounts to at least a $20 billion annual loss. Studies show that taxpayers spend $9,232 annually to support open borders. This will have an effect on absolutely everyone, Democrat or Republican, and should not be considered a Republican issue.

Sep 22 2022

Putin is at War with the West – Not Ukraine


Armstrong Economics Blog/War Re-Posted Sep 22, 2022 by Martin Armstrong

Vladimir Putin’s recent speech is making headlines as people falsely claim Russia is about to launch an all-out nuclear attack. Putin is sticking to his same plan and says it in his opening statement: “The subject of this address is the situation in Donbas and the course of the special military operation to liberate it from the neo-Nazi regime, which seized power in Ukraine in 2014 as the result of an armed state coup.” Russia must now play defense as they are no longer simply battling Ukraine.

Putin stated that in 1991 the West prided itself on dividing the USSR, and believes “now is the time to do the same to Russia, which must be divided into numerous regions that would be at deadly feud with each other. They decided these plans years ago.”

Putin knows that he is fighting a NATO offensive and not simply Ukraine and directly calls out Washington, London, and Brussels. He correctly stated that the West first set out to demonize Russia and spread “Russophobia,” as they did during the Cold War. NATO and the West are now the opponents of Russia in this proxy war, while the Ukrainian people are merely cannon fodder used to usher in this new world.

Putin has been trying to reclaim land since 2014. He had no plan to seize Ukraine, but did want to reclaim the Donbas. This is much bigger than Russia v Ukraine as he fears he must act on the offensive against most of the world’s superpowers who want to seize Russia. They are shoving endless funds into Ukraine because they expect a prize in the end. Putin stated that he attempted peace talks, but the West shot them down because they craved war.

“After the start of the special military operation, in particular after the Istanbul talks, Kiev representatives voiced quite a positive response to our proposals. These proposals concerned above all ensuring Russia’s security and interests. But a peaceful settlement obviously did not suit the West, which is why, after certain compromises were coordinated, Kiev was actually ordered to wreck all these agreements.

More weapons were pumped into Ukraine. The Kiev regime brought into play new groups of foreign mercenaries and nationalists, military units trained according to NATO standards and receiving orders from Western advisers.”

This will not end well; the West made it clear that peace would not be an option. Zelensky is simply the face of a much larger plan at play that involves an ongoing plot to seize Russia, which has been happening behind the scenes for decades.

Sep 22 2022

President Trump Discusses the Mar-a-Lago Raid with Sean Hannity


Posted originally on the conservative tree house on September 21, 2022 | sundance

On August 8, 2022, the FBI conducted a raid on President Trump’s home in Mar-a-Lago.  Tonight, Sean Hannity invited President Trump on to his television show so the former President could listen to him talk about it. WATCH:

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President Trump also discussed the New York AG civil lawsuit against him and his family.

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Sep 22 2022

Federal Reserve Chair Announces Another 75 Point Rate Hike


Posted originally on the conservative tree house on September 21, 2022 | sundance 

Federal Reserve Chairman Jerome Powell announced another 75-point increase in federal interest rates today. This is the third consecutive 0.75 percentage point increase.  Additionally, Fed policymakers have pledged to continue raising rates as high as 4.6% in 2023.

While Powell walked through his reasoning to continue targeting inflation by lowering consumer demand, not once in any of his remarks did he mention energy policy driving up the cost of materials and goods.  The Great Pretending continues. WATCH:

The Fed chair is trying to manage the economic policy transition by reducing economic activity to match intentionally diminished energy supplies.  Lowering economic activity drops demand for energy. Unfortunately, as admitted by Powell on August 26, 2022, in Jackson Hole, this means a period of “some pain” for Americans as the central banks join together in an effort to lower consumption. 

What does “some pain” mean?  It means lower incomes, higher prices, lowered standards of living and more scarce resources.   During this transition to owning nothing and being happy about it, the pain is your wealth being stripped as the economy is intentionally diminished.

We will not be able to afford much; we won’t be able to afford the foods we want; we will not be able to purchase anything except the essentials, and those essentials will cost much more; we won’t be able to vacation, travel, or enjoy recreational activities; we won’t be able to afford any indulgences; but at the end of the process, we will learn to live more meager existences based on lowered expectations needed for sustaining the planet.   Pay no attention to the elites who don’t have those concerns, comrade.

Sep 19 2022

The Mar-a-Lago Event, Part Four


The attached paper is a continuing and reasonable analysis of the events from September 3, 2022 to September 18, 2022 which is an event that will change the Republic forever. In this mad rush to save the planet from total destruction from green house gas emissions from carbon base fuels the worlds politicians are dismantling Western Civilization. Former President Trump is a major obstacle to Klaus Schwab, and his fellow radicals in the World Economic Form (WEF) e.g. George Soros, Bill Gates and Anthony Fauci have decided to take him out any way they can since he is the only one that can stop them.

part-four-of-the-dojDownload
Sep 18 2022

DeSantis v Biden on Illegal Aliens


Armstrong Economics Blog/Immigration Re-Posted Sep 18, 2022 by Martin Armstrong