Producer Price Index Hits Peak 11.3 Percent Inflation Driven by Biden Energy Policy – Service Prices Now Indicate Recession


Posted originally on the conservative tree house on July 14, 2022 | sundance

The “Producer Price Index” (PPI) 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 June price data [Available Here] showing another 11.3% increase year-over-year in Final Demand products at the wholesale level.

Overall, the wholesale inflation rate is being driven by energy prices.  The June calculation shows exactly that problem with energy prices embedded in goods driving 10% of the price increase.  However, there is some good news in the short-term for July and August, as the intermediate and raw material costs are leveling off temporarily.  Unfortunately, that raw material price plateau is almost certainly the result of a drop in demand.

CTH has modified Table-A and Table-B to take out the noise.

The June inflation rate for final demand goods (2.4%) is driven mostly by higher energy prices (10%).  Energy costs are passed along through every stage of the supply chain contributing to an overall wholesale price increase of 2.4% in June, 11.3% year-over-year.

Notice the slight drop in final demand services; that is important.  What we are seeing is a contraction in the service economy overall, as the service sector -which includes restaurants- cannot pass along the scale of energy price increase to customers. People are changing their spending habits – service demand overall is dropping.

Additionally, the producer price index gathers data from inside the supply chain, backwards from the final stage (wholesale) into the intermediate stage (various processing) and also raw material prices.   Here is where things are getting interesting, and now I can make some direct forward predictions.

I modified Table-B so you can see how the supply chain for goods is responding to both: (A) energy prices, and (B) consumer spending.  You can click on the graphic to expand the image and spend some time on it if needed.

You can see from the left side of modified Table-B that both levels of intermediate goods were heavily impacted by energy prices.  “Intermediate” processed goods rising 2.3% in June, 22.2% year-over-year.  Intermediate unprocessed goods (raw materials) rose 9.5% in June, 58.0% year-over-year.

However, if you subtract the massive June energy costs, you will note the intermediate price of nonfood processed goods significantly dropped to 0.2% in June.  And if you subtract the energy costs, you will notice the raw material prices for nonfood durable goods actually declined 2.2% in June.

Here’s what is going on…

The inflationary impact of Joe Biden’s Green New Deal energy program is running into the inability of consumers to pay for the price increases it creates.  That is what is causing the demand side drops in retail economic activity on Main Street.  We all know this.

As a result of these high prices, there is less internal demand within the supply chain for both goods and services.  Inventories are climbing and the demand for raw materials to produce durable goods is now declining.  Subtract the energy costs and nonfood prices are dropping. The decline is a raw material demand outcome.

June energy prices were extremely high.  That’s driving the current PPI price outcome at all stages; but behind that issue is low manufacturing activity.

Remember, two months ago we said food prices would plateau in July and August.  This PPI report shows the entry into that plateau.  However, there is a problem on the horizon that is not measured in this data.

The high energy costs to farmers (fertilizer, diesel, oil, energy, etc.), a cost already seeded (forgive the pun) is right now in the fields…. waiting…. sitting somewhat dormant and ignored by the statisticians… but that higher origination price is growing and lurking….

When the farming harvests take place, those higher field costs will enter the supply chain again and end up finding their way, via wholesalers and supermarkets, to your fork.  Big Ag is going to maximize this opportunity.

Farmers will not be the ones benefitting.

♦ For the next two months the Consumer Price Index and Producer Price Index will show inflation stability and possibly even price declines.

Those reports will come out in August (for July) and September (for August) and will give the impression that inflation has moderated, and the Fed has been successful.  However, in/around Sept and October the harvest cost will hit the stores.  At that point, energy prices -already high- will take a backseat to the rate of inflation driven by massive increases in food prices.

Oct, Nov and December, all the way through the winter, will be painful at the grocery stores and supermarkets.   Also, restaurants this fall and winter, are going to get hit hard as their suppliers start to deliver food at much higher prices.  Those people in the food service industry need to prepare now for what is looming.

Everything I just described above is happening at the same time as consumer demand for durable goods and non-essential services is dropping.  The current economic activity on Main Street is tepid at best.  Housing values have peaked along with rents.

Every element of the U.S. economy is now entering a phase where success or failure in a Main Street business is directly connected to the customer being able to afford the product or service.

Two-thirds of our Gross Domestic Product (GDP) is driven by consumer spending.  Our borders are open, our wages are flat, our prices are high, our discretionary spending is contracting.  Our manufacturing and service driven economy will contract, and we are two months away from food stability, prices, affordability and potentially scarcity, being the primary focus of everyone.

FUBAR

Prepare your affairs accordingly.

June Inflation Jumps 1.3 Percent, Annual Inflation Rate Increases to 9.1 Percent


Posted originally on the conservative tree house on July 13, 2022 | Sundance

The Bureau of Labor Statistics (BLS) has released the June Consumer Price Index (CPI) [DATA HERE] showing yet another “surprising” increase in overall inflation.  For the month of June overall inflation increased 1.3% bringing the annual rate of inflation to 9.1% as calculated.

Economists and financial pundits are “shocked”, “surprised” and the proverbial “unexpected” is running amok again amid the typeset.  The reality of Joe Biden energy policy being the origin of our current inflation crisis is being avoided at all costs by the pretenders.  The federal reserve raising interest rates can only impact the demand side, but it’s the supply side (total energy policy) creating the problem.  Table-A shows the overview.

(CNBC) – […] The consumer price index, a broad measure of everyday goods and services related to the cost of living, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked the fastest pace for inflation going back to November 1981.

[…] “U.S. inflation is above 9%, but it is the breadth of the price pressures that is really concerning for the Federal Reserve.” said James Knightley, ING’s chief international economist. “With supply conditions showing little sign of improvement the onus is the on the Fed to hit the brakes via higher rates to allow demand to better match supply conditions. The recession threat is rising.” (read more)

If you dig into the details, the inflation picture shows just how deep the energy policy is hitting.  Everything is impacted by Joe Biden’s radical energy policy.  Table-1 breaks down the data a bit more specifically.  However, even this data is skewed by the BLS putting a weighting factor on the importance.

♦ The rate of annualized inflation for natural gas is now running at almost 100%.  Meaning if things continue, the current price will double again by this time next year.

♦ The rate of annualized inflation for gasoline is running at 134%.

♦ The annualized rate of energy inflation overall is running at 90%.

These are the results of the people behind Joe Biden implementing the Green New Deal program by executive fiat.

Also, keep in mind the current increases in farming costs at the field have yet to reach wholesale and retail.  The fertilizer, oil, diesel, packaging, transportation and energy costs at the field will not arrive to the fork until later this fall.  That is when food inflation will surpass energy inflation.

Current cattlemen and ranchers are finding it more cost-effective, due to drought and high feed costs, to take their cattle to slaughter.  There is a temporary drop in beef prices for the next several weeks before the supply roller coaster sets up a scenario for massive increases in beef costs this winter.  Consider buying and freezing now for use later this year and into the winter. Try to buy directly from cattle ranchers.

Later this year the next wave (#3) of food inflation will surpass the last two waves.  Things will get ugly because there are also predictably shortages of food coming.  Higher farm costs and global food supply shortages equals much, much higher U.S. prices.   Prepare.

400,000 Chinese Lose Their Life Savings Instantly


Armstrong Economics Blog/Corruption Re-Posted Jul 13, 2022 by Martin Armstrong

Officers in plain clothes disrupted a peaceful protest outside the capital of Henan, as seen in the video above. Depositors were protesting to demand that their savings be returned as thousands have been unable to access their money for over a month. Banks in Henan first froze client assets, and then the Chinese government changed the victims’ COVID QR passes to red to deny them the freedom of movement. The most recent protest was among the largest seen in China since the pandemic began.

Over $6 billion (39 billion yuan) is missing. A reported 400,000 people have been affected. Imagine going to the bank only to realize that your entire life’s savings were gone instantly? You worked hard, saved, and did everything right for years or decades, only to have it all abruptly taken away. Even the most ruthless government is in trouble when the people have nothing left to lose. Imagine if the Chinese were permitted to own guns? There would be uncontrolled civil unrest.

So where is the money? Chances are that the banks do not have the liquidity to pay out all of the depositors. Instead of cracking down on the banks, the government is coming after innocent people. Officers in plain clothes attacked protestors, including the elderly and women, and civilians were left wondering why their own people would attack them when they were clearly the victims. Governments are completely ruthless and DO NOT CARE ABOUT THE PEOPLE.

Eva Vlaardingerbroek Summarizes all the Merging Food, Energy and Farming Issues with Stark Advice to Americans


Posted originally on the conservative tree house on July 12, 2022 | Sundance 

Eva Vlaardingerbroek is a GB News correspondent and conservative voice from Holland.  In this interview segment with NTDNews Ms. Vlaardingerbroek outlines what is happening in the Netherlands with the Dutch farm protests and how it connects to the larger Agenda 2030 goals.

In the last 20 seconds of the segment, Vlaardingerbroek has some solid advice for Americans.  WATCH (2 mins):

To really get a strong reference point for how the global ruling elites at the World Economic Forum think about farming and climate change, which includes the brain trust at the World Health Organization, I would urge you to read THIS ARTICLE from the Irish Farmers Journal.

When I first read this article about Irish farming -mostly referencing government policy- what stood out to me more than anything was the open hubris and arrogance in the mindset of the people cited.

They openly say the goal of the fundamental change in the global food system is to control what people eat, allocate specific amounts of calories according to the goals of the climate change officials, and completely take over the way farming is done.

The article is written from a sympathetic standpoint of how government needs to help farmers transition away from their agricultural world as they lose their farm operations. The openly communist outlook is really quite remarkable.

“Significant food system change is needed to address food security and climate challenges, but it risks decimating farm incomes. Policy analyst Anne Finnegan examines a new OECD FAO report.” ~ READ HERE

U.S. Homebuyer Contract Cancellations Surge to 15 Percent in June, Highest Ever Recorded Sans Pandemic


Posted originally on the conservative tree house on July 12, 2022 | Sundance

A slowdown in the housing market is being identified as the primary cause of a significant increase in cancelled homebuyer contracts in the month of June.  Bloomberg Report Here and Redfin Report Here.  It would appear the inflated housing bubble has popped.

According to the data 60,000 home sales were cancelled while under contract in June, that represents 14.9% of all contracts cancelled by the buyer before the transaction closed.  If you take out the forced cancellations due to the pandemic, a 15% cancellation rate equals the highest monthly cancellation rate ever recorded.

The economy is contracting, economic activity and consumer purchases have stopped, and the contraction is now fast and sudden.

(Redfin) – Nationwide, roughly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month. That’s the highest percentage on record with the exception of March and April 2020, when the housing market all but ground to a halt due to the onset of the coronavirus pandemic. It compares with 12.7% a month earlier and 11.2% a year earlier.

This is according to a Redfin analysis of MLS data going back through 2017. Please note that homes that fell out of contract during a given month didn’t necessarily go under contract the same month. For example, a home that fell out of contract in June could have gone under contract in May.

“The slowdown in housing-market competition is giving homebuyers room to negotiate, which is one reason more of them are backing out of deals,” said Redfin Deputy Chief Economist Taylor Marr. “Buyers are increasingly keeping rather than waiving inspection and appraisal contingencies. That gives them the flexibility to call the deal off if issues arise during the homebuying process.”

Marr continued: “Rising mortgage rates are also forcing some buyers to cancel home purchases. If rates were at 5% when you made an offer, but reached 5.8% by the time the deal was set to close, you may no longer be able to afford that home or you may no longer qualify for a loan.” (read more)

Now, keep in mind that contract cancellations can also be attributed to a hot housing market, where purchasing hysteria and bidding wars end up being factors in the contracts.  Some anxious buyers make out-of-town offers without even seeing the house, then use contract exits -contingencies- to cancel the purchase if the home is ultimately not up to their standard.

In my opinion the spike in cancellations is a blend of the two aspects which indicate the apex of home purchasing is behind us.  The bubble popped.

Home values are now declining as more available inventory starts to fill up the real estate market.  Again, everything is local and regional depending on a myriad of issues; however, if we are looking at it from a macro level, the booming housing market is now over.

City and county tax rates will now benefit from the overinflated real estate sales data.  Real estate tax bills (a backward-looking metric) will go up as the curve on home valuation actually starts to drop and drop quickly.

If you did not purchase a home this year, you have not lost money.  If you did purchase a home this year, the dropping market will erase tangible wealth.

Redfin also has the top metro-markets for cancellations:

(Source, with Expanded List)

CBS says the best way to survive the Biden economy is not to buy stuff, and young adults should stay living with mom and dad. WATCH:

P

Rivian Electric Vehicle Manufacturer Planning Layoffs


Posted originally on the conservative tree house on July 12, 2022 

Two things about this report showing Rivian is planning layoffs for its workforce.

First, the larger ‘layoff‘ issue is going to be more prevalent as the economy contracts and consumer demand declines.  There is almost no expanded investment going into any Main Street business that sells non-essential goods.

The economic contraction, the drop in consumer demand that indicates a recession, is very real and now very easy to spot.

Second, Rivian is backed by the financing of Ford and Amazon and operates in California, Michigan and Illinois (three deep blue states).  Rivian is also the supplier for Amazon electric delivery vehicles having previously announced (in 2019) a deal to purchase 100,000 vehicles from Rivian.  Additionally, Rivian has lost 69% of its market value this year.

LA TIMES – Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric-vehicle maker has grown too quickly, according to people familiar with the matter. […] The Irvine company, which has more than 14,000 employees, could target an overall reduction of around 5%, the people said. The layoffs are still in the planning stage, and nothing has been decided.

[…] The manufacturer is poised to join companies across corporate America pruning their operations amid growing worries about an economic downturn. Tesla is cutting 10% of its salaried workforce, while protecting manufacturing jobs, after Chief Executive Elon Musk said he sees a recession as inevitable. (read more)

UN Human Rights Report Shows Ukraine Military Used Nursing Home Residents as Human Shields


Posted originally on the conservative tree house on July 10, 2022 | Sundance 

A quietly released study from the U.N. Human Rights Commissioner [See Here pdf] looking into allegations of war crimes conducted during the Ukraine -vs- Russia conflict, specifically looked into allegations of Russian military targeting a nursing home facility in the eastern region of Luhansk.

What the UN investigation revealed was that Ukraine military soldiers had intentionally used the nursing home as an active base to launch military strikes against Russian forces. The Associated Press was forced to reveal, “Ukraine’s armed forces bear a large, and perhaps equal, share of the blame for what happened in Stara Krasnyanka, which is about 580 kilometers (360 miles) southeast of Kyiv. A few days before the attack, Ukrainian soldiers took up positions inside the nursing home, effectively making the building a target.”

The issue of the Ukraine military, intentionally and with purposeful forethought, using civilian locations to embed their military units, highlights the inherent dangers associated with western propaganda during the conflict.  In fact, the effort to create civilian casualties seems more purposeful as a strategy to gain western media support and create stories that can be used to advance sympathy toward Ukraine, even if it means putting their own civilians in harm’s way.

(Via AP) […]  The report by the U.N.’s Office of the High Commissioner for Human Rights doesn’t conclude the Ukrainian soldiers or the Russian troops committed a war crime. But it said the battle at the Stara Krasnyanka nursing home is emblematic of the human rights office’s concerns over the potential use of “human shields” to prevent military operations in certain areas.

The aftermath of the attack on the Stara Krasnyanka home also provides a window into how both Russia and Ukraine move quickly to set the narrative for how events are unfolding on the ground — even when those events may still be shrouded by the fog of war.

For Ukraine, maintaining the upper hand in the fight for hearts and minds helps to ensure the continued flow of billions of dollars in Western military and humanitarian aid.

[…] David Crane, a former Defense Department official and a veteran of numerous international war crime investigations, said the Ukrainian forces may have violated the laws of armed conflict by not evacuating the nursing home’s residents and staff.

“The bottom-line rule is that civilians cannot intentionally be targeted. Period. For whatever reason,” Crane said. “The Ukrainians placed those people in a situation which was a killing zone. And you can’t do that.” (read more)

Keep in mind, the United States is funding Ukraine to fight this war.  Without U.S. funding, including the shipments of weapons, the training of military units and the embedding of U.S. special forces to assist the Ukraine military, Ukraine and Russian governments would have likely entered into peace negotiations.

.

If They Lose, You Will Eat Bugs – Dutch Farmer Spokesperson Explains How EU Climate Change Goals Will Reduce Farm Production


Posted originally on the conservative tree house on July 10, 2022 | Sundance

Despite the U.S. media not giving any time, attention or discussion to the rise of farmer protests in Europe, everyone should pay attention because the same climate change goals being enforced in the European Union are coming to North America.

The global food manipulators within the World Economic Forum have established the farming policy that aligns with their climate change goals. As noted in this Sky News discussion this is the Great Reset. It’s not just Netherlands Prime Minister Mark Rutte pushing the agenda, in 2020 Canadian Prime Minister Justin Trudeau gave an identical outline, with an identical timeline, for the exact same process [SEE HERE]. The collective WEF political leaders are all singing from the same hymnal.

In this discussion and interview segment, the spokesperson for Netherlands, Agricultural and Horticultural Organization Wytse Sonnema, outlines why there is such a broad sense of “frustration, anger, even despair” amongst farmers amid proposals for nitrogen reduction target plans.  This will be coming to North America soon. WATCH:

In very simple terms, the politicians cannot reduce the farming process for industrial food production without reducing the farming yield.  It is just commonsense.

You do not need to be a farmer to understand that nitrogen/phosphorus-based industrial fertilizer has been the reason why farm yields have generated massive amounts of food on a global basis.  The United States, U.K. and places like the Netherlands have massively increased their ability to generate food for export, in large part due to the success of improved fertilizer and crop saving modern pesticides.

Larger discussion continues below….

It is a simple matter of math that if North American and European farmers are forced by climate policy to reduce their food production, there will be a shortage of food.

There will be a significant gap between the food needed and the new climate driven limits on commercial food production.

This intentional curtailing of food production, that creates the purposeful shortage of food, is where Bill Gates, the WEF and the synthetic meat and bugs for food advocates enter the picture.  It appears the plan is to replace the missing global calories by changing the food supply.  Changing what and how people eat.

Lab grown (synthetic) meat, nut/soy milk to replace dairy and bugs being used as replacements for protein sources are three approaches advocated by the climate change advocates that you are likely familiar with.  However, as we saw in the pandemic response to food consumption, there is going to be a massive problem as the WEF attempts to shift food delivery within their Great Reset.

Think of the United States like a massive global farm and in this context the parallels between the U.S. and the Netherlands are quite remarkable.

Specifically, because of advancements in farming over the past two decades the United States food production has increased massively.  The same is true for North America as a whole with Mexico and Canada included.  Industrial farming advancements have made it possible to export billions of tons of food every year from our farms in North America to the rest of the world.

The Dutch farmers are like the U.S. farmers in their high productivity.  In fact, the Netherlands is the second biggest agriculture and food exporter in the world.  Even with a small population of 17 million people, the Netherlands has consistently been among the top contenders in the food export market {LINK}.  The reason is simple, they are good at it.

Dutch farmers, like American farmers, are excellent at producing food.  The Netherlands is one of the largest countries in the world when it comes to the export of agricultural goods such as meat, dairy, eggs, vegetables, and fruit.  Unfortunately, this is why the climate change activists in the World Economic Forum have targeted them.

The Dutch farmers do not have as good a political shield as the U.S. farmer have via lobbyists.  The reason the Dutch farmers have more vulnerability on a political front is because there are far more independent farmers who operate without the influence of large multinational agricultural corporations.

In the United States farming is Big Corporate Agriculture.  Those massive ‘for profit’ multinational corporations have massive lobbying power in congress.  If Biden wants to drop U.S. food production, for now he is going to run up against the interests of Big Ag, who make money from exports and control of U.S. farm harvests.  In the Netherlands, the farmers are more independent, that makes them more vulnerable to the political influences.

It’s a weird dynamic, but U.S. farmers are both exploited by, and somewhat protected by, the Big Ag mafia.  The Dutch farmers have remained stubbornly independent in their operations with less multinational influence.  Unfortunately, right now that makes them less represented in the politics of the European Union.

The Dutch farmers are fighting back against the climate change politicians in the only way they can, a grassroots uprising.  This is the battle right now in the EU, and the Dutch are being joined by their brothers and sisters in Germany, Poland and Italy. {Source}

This is not just a battle within the Netherlands and the EU to save farmers, this is a battle over the future of food in the world.

The western politicians, those who assemble under the banner of the World Economic Forum, want a world where ‘climate change’ policy drives the dictates of all human activity.  Essentially, a government policy position that allows politicians to control the behavior of humans under the guise of climate mitigation.  Ultimately it is the control part of this dynamic that is more important than the climate aspect.

The stakes in this Dutch farming protest are much bigger than just Dutch farmers.

If the farmers lose this war, we are all one step closer to eating bugs and fake meat.

.

Can you see how all of these ideological policies converge?

Neil Oliver, The Governing Class Discovers that People Owning Nothing Does Not Make Them Happy


Posted originally on the conservative tree house on July 9, 2022 | Sundance

In his weekly monologue Neil Oliver gives his perspective on the changing of the guard at #10 Downing Street.  Meet the potential new boss, same as the old boss etc.   While drawing attention to the detached and aloof viewpoints of the self-installed ‘ruling class’, Oliver riffs one of the best lines from this week:

“Two years ago, I gave scant thought to acronyms like WHO, UN, WEF.  Now I watch them with the same attention I give to dogs that look like they might bite.”…

Damned if that isn’t the truth.  WATCH:

[Transcript] – The running of this country has precious little to do with we, the people – that much becomes more obvious every day. Ever more blatantly the powers that be are treating us like the sitting tenants in a property they want to knock down so they can sell the plot for profit to their pals and assorted foreign carpet baggers.

We the people, with our individual opinions and ambitions and dreams are just in the way of their anti-human fantasy of a so-called progressive future. They got fed up waiting for us to die of old age in our armchairs, in front of three bar electric fires we can’t afford to switch on, and have set about demolishing the old place while we’re still living in it.

Love him or loathe him – and I’ve been no fan of him or of any of the leaders we find ourselves saddled with in the West – PM Boris Johnson was brought down last week not by the millions who had voted for him, as might have been appropriate given any meaningful understanding of the concept of democracy – but by a hellish coupling of media and the self-worshipping political class that appointed themselves judge, jury and executioner. Together they wanted Johnson gone, and so he was gone.

The party atmosphere after his resignation – the glee and the gloating by those journalists that had conspired and shared in the taking of his scalp was plain to see. I really don’t think it’s supposed to be that way.

In the aftermath of Johnson’s defenestration there was a suggestion from former Tory PM John Major that the process of anointing the next leader of the Conservatives should bypass party members altogether – presumably in case troublesome proles with their taste for Brexit and borders, even for Britain itself, picked the wrong person again. Far better, thought the likes of Major, if Tory MPs just exercised their superior intellects and morals and did the choosing for them.

Hoary old Tory and arch-remainer Michael Heseltine’s cage was evidently rattled by all the noise and in predictable style he was instantly crowing that the passing of Johnson should mean the end of Brexit.

Once more the proof that those regarding themselves as our intellectual superiors still regard a decision made by an undeniable majority of British people only as evidence of the stupidity of the great unwashed.

In displays of audacity and temerity that are beyond the reach of adjectives, those that plotted Johnson’s demise are falling over one another to take his place. It’s like looking through a microscope at something revolting happening in a petri dish. Former chancellor Rishi Sunak had his slick and glossy show reel ready for broadcast before his former boss had delivered his resignation speech. I wonder when he performed for that instead of doing more damage to the economy. I don’t feel like having any of their names in my mouth, I really don’t.

So I will just say that for me the thought of any that stood for lockdowns, for damaging children’s physical and mental wellbeing, that oversaw the crashing of the economy, watched uncounted lives physically and mentally destroyed, advocated mask wearing on the street and cheer led the unholy pressure to take experimental injections or lose jobs and or reputations as a consequence … that called for digital vaccine passports or anything like them … that won’t shout from the highest hill that the green agenda and Net Zero are a disaster and must be scrapped immediately … the thought of any that demanded it all, or stayed silent while it all played out, should now occupy No. 10 and contemplate more of the same in the months ahead makes me sick to my stomach.

For me the change of PM is nothing more than a change of drivers on a train. The train we’re on is going where it’s scheduled and timetabled to go, on rails already laid, and in the face of its forward momentum we the people, it would seem, count for nothing.

From behind one podium after another, western leaders and their lackeys talk more and more openly about a liberal world order – even a rules-based liberal world order. The more I hear and see about a world ordered by self-described liberals and their rules, the less I like it. I certainly don’t recall ever being invited to vote for it. Two years ago I gave scant thought to acronyms like WHO, UN, WEF. Now I watch them with the same attention I give to dogs that look like they might bite.

At some point in the past – and I missed that point too, whenever it was, I will freely admit – the governing class decided they were done with serving us and that they own us and rule us instead. That cancerous thought has metastasized in recent years, so that it’s not just governments and their bureaucrats and preferred scientists who presume to lord it over us, to tell us what to do, what to think.

That same deranged thought is there throughout the greediest capitalist corporations now as well. The technocrats took free speech by the throat long ago, so as to preserve and push their own self-described progressive ideologies. Now that same superiority complex is everywhere else as well.

Halifax bank got on their high horse about pronouns and loftily declared that customers who didn’t like seeing staff wearing such on their badges should take their business elsewhere. And so, customers duly did, right enough, taking their hard-earned cash with them.

Since when did money-grubbing corporations decide it was appropriate to start telling customers what to think about sex and gender?

Ice Cream vendors Ben and Jerrys got on their soap box to criticize the British government’s plan to offshore asylum seekers to Rwanda – when surely their time would be better spent learning more about obesity and diabetes and their likeliest causes.

So here we are – we the British people are held in low regard not just by politicians and their ilk, not just by the awkward savants of the search engines and social media platforms, but even by High Street banks and ice cream vendors.

It feels like there is a club somewhere, or a positive feedback loop, in which everyone involved, and it’s definitely not us – politicians of all stripes, faceless bureaucrats, journalists, bankers and corporations – feels entitled to make all the decisions about every aspect of our lives and then to tell us how it’s going to be. We the people are to be downtrodden, demoralized and deceived.

In the wider world, it is farmers who are the latest citizens pushed beyond breaking point. In a replay of the Truckers’ protest in Canada that so captivated many of us, gave us hope however brief that an end to the deliberately destructive madness might be in sight, there are tractor protests in the Netherlands, in Germany, in Italy, in Poland.

When those who grow and raise the food we eat are angry and scared enough to down tools and take to the streets to fight for their very existence, when those who drive the trucks that bring us everything we depend upon for our daily lives have done likewise … perhaps it’s finally time to pay attention to the unfolding catastrophe.

Among the Dutch farmers the anger was pushed above boiling point by government diktats regarding emissions of nitrogen and ammonia into the environment. Plans to reduce those emissions by as much as 70 percent will, farmers say, put many of them out of business altogether. They say it’s not about saving nature, but about leftist government plans to change land use in the Netherlands, forcing farmers to sell their land and to cut the national cattle herd by as much as 50 per cent.

Dutch farmers are among the most productive in the world – exporting 100 billion dollars worth of dairy and crops every year. Their banners say No farmers, no food.

The world is in a time of food insecurity and still governments would apparently prefer to contemplate a future in which people will suffer in every conceivable way. And in the future presently shaping up, people will most definitely suffer. Those governments are plainly not in the business of fixing anything, rather making matters worse.

Canadian PM Justin Trudeau – he that forcibly shut down the truckers’ protest in his own county and seized their bank accounts – has his country on a similar path to that of the Dutch. In a time of global food insecurity – blamed in part on war in Ukraine – ideologically driven administrations are stamping their metaphorical boots down upon their farmers’ backs.

In Holland, shots have been fired – allegedly by police, at one tractor. This is how basic things are becoming, how near the bone. Here in the west, in the 21st century, we are being prepared not just for a future without cars, but a future of less energy… less warmth… and even less food.

I knew there was something badly wrong with all that’s going on when I realized my response to what was happening, to all that we were being told, was physical. All of this actually makes me feel ill, to my bones.

I have never in my life before listened to government policy – and to the policies of governments all around the world – and felt endangered. But I do now. If you feel that too – a deep physiological response to the last two years, and a growing sense of something malevolent – then you are not alone. Sometimes it feels like society itself has been poisoned – and that all that society is being offered is yet more poisonous nonsense.

We should notice that it is from among us, the ordinary people, that the farmers and the truckers come – so that it is we who really have the power that matters in the end.

In Sri Lanka, they’re quite a bit further down the line than us – although hardly out of sight. Thousands of people, driven beyond endurance by economic collapse and the worst food and fuel shortages in living memory, found they had nothing left to lose. I read this morning about protestors there storming and occupying their president’s official residence in the city of Colombo.

Desperate people and desperate measures. It’s interesting to note that, contrary to what Klaus Schwab and his World Economic Forum might think … it turns out that when some people find they actually do own nothing anymore – they’re really not very happy at all. (LINK)

How Western Sanctions Crippled Syria


Armstrong Economics Blog/War Re-Posted Jul 7, 2022 by Martin Armstrong

The West has placed some form of sanctions on Syria since the Carter Administration when the nation was added to the State Sponsors of Terrorism List. George W. Bush increased sanctions in 2004 to push the “War on Terror” agenda as the US invaded sovereign nations under false pretenses. However, it was not until 2011 that the sanctions against Syria really caused the economy to fold.

Former President Obama implemented new sanctions that directly target the Syrian oil sector. This wave of sections forbids all petroleum investments and imports as well as exports. Individual assets for individuals and entities were frozen as well. Obama vowed not to lift sanctions until President Bashar al-Assad stepped down. The US used the pretense of Assad being a brutal leader who the people needed to be liberated from with the help of the world police force aka America. Transcripts from Obama’s 2011 executive order:

“The future of Syria must be determined by its people, but President Bashar al-Assad is standing in their way… As a part of that effort, my Administration is announcing unprecedented sanctions to deepen the financial isolation of the Assad regime and further disrupt its ability to finance a campaign of violence against the Syrian people.  I have signed a new Executive Order requiring the immediate freeze of all assets of the Government of Syria subject to U.S. jurisdiction and prohibiting U.S. persons from engaging in any transaction involving the Government of Syria.  This E.O. also bans U.S. imports of Syrian-origin petroleum or petroleum products; prohibits U.S. persons from having any dealings in or related to Syria’s petroleum or petroleum products; and prohibits U.S. persons from operating or investing in Syria. We expect today’s actions to be amplified by others.”

The European Union placed sanctions on Syria in 2011, as did the UK. Syria was essentially cut off from the world economy, and the hope of readmittance vanished in 2019 when former President Trump signed the Caesar Syria Protection Act. The act was named after a Syrian detainee names Caesar who documented human rights abuses and war crimes allegedly carried out by the Assad regime. Once the Caesar Act passed, there was no hope for Syria. People could not even send money to their relatives in Syria without repercussion. The US outlined six demands that needed to be met to lift the sanctions:

  1. End to Syrian and Russian aircraft bombing civilians.
  2. Iranian, Syrian and Russian forces, as well as entities connected to them, no longer restrict humanitarian access to besieged areas and allow for civilians to leave freely.
  3. All political prisoners are released, and the appropriate international human rights organizations are given full access to Syria’s prisons and detention facilities.
  4. Bombing of “medical facilities, schools, residential areas, and community gathering places, including markets” by Syrian, Russian, Iranian forces, as well as entities connected to them, ceases.
  5. The possibility for the “safe, voluntary, and dignified return of Syrians displaced by the conflict” is achieved.
  6. Accountability for “perpetrators of war crimes in Syria and justice for victims of war crimes committed by the Assad regime, including by participation in a credible and independent truth and reconciliation process.”

It all ties back to the US and Russia vying for Syrian oil. Both sides were bombing Syria into oblivion. The US has not lifted sanctions despite desperate cries for help from the Syrian people. At least 1.5% of the entire population of Syria is now dead, and over 90% live in extreme poverty. Biden recently claimed sanctions do not work, but he was referring to a country with a larger GDP and established infrastructure. Russia was able to bypass the sanctions, continue trading with allies, and most importantly hold power over one of the world’s most important natural resources. It is no wonder that Syrian men are fighting along with Russia against the West and will likely align with Eastern powers for generations to come.