Bidenomics – Amazon Announces 18,000 Layoffs, and They Are Not Alone – Imports and Exports Drop


Posted originally on the CTH on January 5, 2023 | Sundance 

That slow grinding creak you hear in the background; that’s the U.S. economic engine running without oil and beginning that slowdown phase just before it stutters and stalls completely.  Alas, the pretending continues…

As noted by the Wall Street Journal, an economic gaslighting institution with a central mission to maintain pretenses, “business surveys show U.S. factory activity declined in December, the Institute for Supply Management and S&P Global both said this week. Separately, S&P Global said Thursday that U.S. services-sector businesses reported a decline in output for the third month running in December.” This comes as “U.S. imports dropped more, by 6.4% on the month, as Americans cut back on holiday-related purchases, including items from other countries such as computers and autos.

Keep in mind, November retail sales—which included consumer spending at stores, online and at restaurants—fell 0.6% from the prior month for their biggest decline of 2022, according to the Commerce Department. Manufacturing output declined in November as well, the Fed reported, while U.S. home sales fell for a record 10th straight month.

Into this mix of economic metrics, driven by a collapse in disposable consumer income and high energy prices, now we begin to see the number one business expense being curtailed.

(Market Watch) […] Amazon.com Inc layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back amid economic uncertainty.

The Seattle-based company in November said that it was beginning layoffs among its corporate workforce, with cuts concentrated on its devices business, recruiting and retail operations. At the time, The Wall Street Journal reported the cuts would total about 10,000 people. Thousands of those cuts began last year. (more)

Amazon is not alone, “Vimeo said Wednesday that it will cut its workforce by 11% as part of a broader effort to reduce costs, citing deteriorating economic conditions” (link).  Additionally, Salesforce Inc. is laying off 10% of its workforce and reducing its office space in certain markets, extending a brutal period for tech job cuts into the new year.”

We can anticipate more reports like this from Reuters, “Samsung Electronics Co Ltd’s quarterly profit will likely plunge 58% to its lowest in six years as a global economic downturn saps demand for electronic devices and clouds the outlook for the memory chip industry.  With consumers and businesses reducing spending and investment in the face of high inflation and climbing interest rates, smartphone makers and other clients held back memory chip orders, while smartphones sold for less as demand suffered, analysts said.”

Electronics, cars, furniture, durable goods of all types and varieties are plummeting in sales.  Consumers are being squeezed by inflation, housing, energy and food costs, and spending priorities are being reevaluated yet again.  Compare the impact on ‘real wages’ -vs- the 2007/2008 economic crisis.

From a purely fraudulent accounting perspective, however, the drop in U.S. imports will help boost calculations of U.S. economic growth in the fourth quarter because trade deficits subtract from overall output, or gross domestic product.

U.S. consumers not purchasing imported goods makes the health of the U.S. economy look less bad; but it’s an illusion akin to smiles in the bread lines.

In other economic news, I did some real estate analysis over the past several days and it’s safe to say there is a steep downward trajectory in the data I use.   Again, home values are nuanced on a regional level, but my model is pretty close in averaging.

If buyers do not absorb the seller’s loss in equity (which no one should ever do), in my SWFL area a $450k home listing is going to sell around $380k at the high side (actual value based on economic indicators and buyer ability).   That rough estimate, while slightly offset due to general inflation, should trend nationally over the next 12 to 18 months.   That means macro home prices dropping around 15 to 20% nationally over the next 12 months.

If you are a home buyer, put your offers around 15 to 20% below current asking price without any emotional attachment to it.  Don’t flinch, remain ambivalent and walk away if refused.   The recovery to current price will take around a decade.  If you are a seller and get an offer within -10% of asking, consider yourself lucky and jump on it.

House Republicans Remove Nancy Pelosi’s Metal Detectors and Other Optics Intended to Support J6 Extremism Narrative


Posted originally on the CTH on January 4, 2023 | Sundance 

In the aftermath of the 2020 election House democrats led by Nancy Pelosi directed a national pantomime from Washington DC that extremists were running amok and terrorizing congress.  The January 6 Committee was intended to further establish that narrative.

Pelosi called up the national guard, put fences and barbed wire around congress then installed metal detectors, all as part of the theater for manufacturing the domestic violent extremist narrative.  The media engineered the supportive narrative and the ridiculous pantomime continued throughout the past two years.   However, as congress now changes hands and republicans take control, the fences are taken down and the metal detectors are being removed.

Colorado Representative Lauren Boebert highlights the return of normalcy. {Direct Rumble LinkWATCH:

Rep. Boebert: “We’re turning Pelosi’s House back into the People’s House.”

However, against the backdrop of revelations from the Twitter Files where the intelligence apparatus, Dept of Homeland Security and FBI were part of the government operation to influence public opinion, the possibility of an FBI inspired and coordinated attack against the Capitol is now more likely than previous.

LIVE: From Mar-A-Lago – New Year’s Eve With President Donald J. Trump: 12/31/22


Right Side Broadcasting Network Published originally on Rumble on December 29, 2022

Trump is still in the fight despite all “They” have done to him. He is a true warier!

The Most Traumatizing Events From 2022!


Awaken With JP Published originally on Rumble on December 31, 2022 

JP’s summary of 2022

Bob Frantz LIVE: 2022: The worst year of our lives?


AMERICA First with Sebastian Gorka Published originally on Rumble on December 30, 2022 

Cleveland’s Bob Frantz fills in for Sebastian, reflects on the disastrous year that was 2022, talks to guest Peter Kirsanow, and more.

2022, Perhaps the Apex Year for an Era of Pretending


Posted originally on the CTH December 31, 2022 | sundance 

If 2022 was not the apex year for the era of great pretending, then we remain sitting in a handbasket – destination, full speed ahead.

When asked for the topic of a ‘big picture‘ podcast this 2022-year ending, the obvious answer from me was We Need to Quit Pretending.

For the past two years I can only encapsulate the entire social, political and socioeconomic dynamic that surrounds us by saying we are living in an era of great pretending.  Why?  Because nothing else adequately explains it.

A recession is no longer two negative quarters of economic growth.  Elections are no longer defined by votes cast, but by ballots counted.  Meanwhile, women are claimed to have penises and people will argue -strenuously and with commitment- that men can give birth to babies.

Simultaneously, vaccines are no longer about medicines to avoid viruses, and Americans have some moral obligation to fund the administrative salaries, pensions and expense accounts for a nation of European politicians, in a country that few taxpayers could find on a map.

We must pretend the occupant of the oval office is not a dementia patient, at the same time we must pretend the Dept of Homeland Security and FBI is not telling online speech platforms that identifying the dementia patient, as a dementia patient, means you are a domestic violent extremist.  The absurdity of the pretenses are off-the-charts.

However, on the upside, we now see even blissfully ignorant people starting to realize something is wrong when their electricity and heating bills quadruple, while the same system of governmental caretakers are telling us to embrace a new earth friendly normal of $12 dollar eggs.  We been knew, but more are now knowing – thank God.

History provides reference points, and prolonged pretending never ends up in a good place.  So, there is room for optimism on a couple of points.

First, there is more support than ever for the ‘burn it all down‘ approach.  Whereby we keep the basic U.S. Constitution in place and shred every other institution created that has nothing whatsoever to do with it.

This includes both the DNC and RNC wings of the UniParty apparatus.  I mean, really, at the core of it, what do we have to lose?  Why not just get rid of the dysfunctional systems that abuse us.

Second, in a weird way, we are in a rare space where we can feel the history around us.  Normally we would have to look in retrospect at the events as they unfolded to recognize the inflection point historians would use – not now.  We can look around us right now and have full confidence the most influential voice in the next two decades will be the man, woman or entity that starts openly and publicly calling out this ridiculous pretending.

How messed up does society have to be, and how low to the ground does the actual bar have to rest, in order to realize the most important and influential person in our lifetime will simply be the one who stops pretending?  Ultimately, this is the source of my optimism for the future.

When it becomes so easy to deconstruct the madness simply by pointing out the reality, eventually anyone can do it.  In an era of great pretending, when you speak factual and pain truth, people thirsting will come for the sanity.  Yes, there’s only so much hypocritical nuttery that can possibly fit into the social fabric of a nation, and we’re full.

I see that dynamic starting to play out now.  Mainstream media are openly mocked everywhere for being the Baghdad Bob’s they are.  The MSM credibility and influence essentially destroyed by the Potemkin villages and Eco-chambers they built around themselves.

The congressional J6 committee is yet another example of a proclaimed thermonuclear ICBM missile that ended up delivering a contrasting reality. The fading whistle & pop akin to a dysfunctional bottle rocket.

There’s no help on this pretending issue coming from the political side of the American spectrum; sneeze that thought into a tissue and flush it.

The big movement that will end this era will come from ordinary people laughing, mocking and belittling the pretenders.

I do genuinely believe this phase is well underway, albeit we are in the beginning phases of the great mocking.

Whenever possible, we should do all we can to fuel both mocking and shame when discussing the great pretenders.  There’s only so much ridicule they can take before they must change course.  Ridiculing is another way to throw sand in the machinery.  Again, I think we are beginning to see that pendulum shift taking place right now.

Evidence for my optimism can be found in the most obscure places, including this paragraph from a recent NPR article:

…[…] “Only 15% of people eligible for the Covid booster shot that targets the omicron variant have gotten it — a rate that is even lower than the perennially disappointing rates for flu vaccine uptake. Vaccine fatigue seems to have spread to other shots, too — including those to prevent measles and polio — according to a recent poll by the Kaiser Family Foundation.”

Think about it.  “Eligible for the Covid booster” means that 85% of those who took the COVID-19 “vaccine” are not taking the booster.  Eighty-five percent of the people who took the shot have stopped pretending the covid shot had anything to do with public health.   That’s 85 out of 100 people who took the shot, not taking the booster. That’s a lot of simultaneous pretense quitting.

Yes, 2022 was another year in this great pretending era, but along with it comes a new enlightenment for a whole bunch of people.  From where we sit at the end of this year, it looks like the pretending has apexed.

Eyes are wide open; people are starting to be intellectually honest and more curious.

Yes comrade rebels, slowly, albeit painfully slowly, there is hope emerging.

President Trump Delivers Remarks from Mar-a-Lago on New Year’s Eve


Posted originally on the CTH on December 31, 2022 | sundance 

President Donald Trump delivered remarks at his Mar-a-Lago, Florida estate as he and Melania attended a New Year gala. {Direct Rumble LinkWATCH:

BEAUTIFUL!!! (AND MELANITA LOOKS GOOD TOO!!!)

.

The Rising Hatred of Trump is Spreading


Armstrong Economics Blog/Politics Re-Posted Dec 29, 2022 by Martin Armstrong

COMMENT: I can see what your model is predicting. It is just becoming in your face. I had a one time friend who is so consumed with his hatred of Donald Trump he is incapable to seeing anything else. The country is so divided we are no longer friends and I am middle-of-the-road and not a Trump worshiper.

GD

REPLY: We must understand that those who are just consumed with hatred for Donal Trump are victims of physiological warfare the very same tactics employed by Hitler. It is very true that Hitler was an extremely gifted speaker. He would mesmerize and totally captivate many people with his beating of the lectern symbolizing how the German people were wronged. Hitler’s primary tactic was to tap into people’s emotions and this became his inspirational tactic to win over the people. Hitler would praise Christian heritage as well as the German Christian culture. He would tie himself to a belief in Jesus Christ.

Hit was a master at getting people to hate. Hitler used Christianity as a central motivation for his anti-Semitism and this was how he managed to get so many people to view Jews as the enemy. Hitler’s strategy was to create the conception that Jews were in fact the enemies of all civilization. His speeches were emotional and in so doing, he used Christianity to support his policies as if this were a Holy War. In Hitler’s public speeches, he influenced others using their emotions by recasting that Jesus was a fighter against the Jews.

He became exceptionally adept at telling people what they wanted to hear just as we see unfolding today with demonizing Trump and in the process, extending that to all Republicans dividing the country just as Hitler learned how to do. Hitler used the theme that this was a Jewish-Marxist plot to conquer the world. The Reichstag Fire he blamed on a communist which he linked with the Jews thanks to Karl Marx. He exclaimed that this was a betrayal of everything German culture stood for.

They have demonized Trump and as soon as Biden took office, he went out of his way to do whatever Trump had done, which had to be reversed despite the fact that it was reasonable for the country. They have opened the borders, but only to South America hoping to flood the country with immigrants who they are counting on will vote Democrat against those who actually produce. I met with the former head of Australia, Paul Keatings, and tried to negotiate on behalf of Hong Kong to buy land to allow them to migrate. He declined, When I asked WHY? Is this Racist? He said not. They were fleeing communism so they would vote conservative and Keating was a Labour Government fearing that an influx would change the demographics.

The Democrats are using that strategy. They believe all these people are coming for a free handout. If they had assets, they would not come. So they want the poorest of the poor to change the politics of the United States.

As long as they keep people blinded but their hatred of Trump, they get to do whatever they want. It is the Hitler strategy all over again.


One reader from Texas wrote:

QUESTION: What does Socrates say about immigration? I can’t believe the hordes of people coming into Texas, but no one in Washington cares. Our governor is seen as a terrible human being by the media because he sends busloads of immigrants to “blue” cities, but those people would freeze to death in El Paso where people are crammed into civic centers, schools, churches, and the airport. They have run out of blankets and clothing to give to them and their volunteers are exhausted. Smaller border towns have even greater problems because they have fewer resources. The immigrants only shot at survival is to leave El Paso. Why don’t people in other states see what is happening? Why do they think Texas has a place for all these people? And why do they think Texas has received money to take care of these people when it is charity organizations who picks up the tab?

For people who believe that immigrants add value—Texas has been educating immigrant children for years and we have very high school taxes. Immigrants appear at hospital ERs and expect treatment, which has resulted in the closing of many rural hospitals. They drive without insurance and often don’t follow traffic laws. Our insurance rates go up.

If Texans complain we are called racist, however, a plurality of Texans are Hispanic. The border counties are 90-95% Hispanic. People who live along the border are tired of the invasion and are increasingly voting “red.” It’s really hard to see what Washington is trying to accomplish unless they want to see Texas leave the union.

JBM

ANSWER: This will be a major factor on the separatist movement building in the United States. This is part of the destruction of society and we would expect that post-2024.