Awaken With JP Published originally on Rumble on November 26, 2022
More JP — always Good
Category Supply Side Inflation
Not Just Recession—Massive Economic Shift!
Lee Camp Published originally on Rumble on November 26, 2022
This is not just a Recession — it is a Massive Economic Shift!
DOJ Once Again Changes Trump Seizure Evidence List Dropping “Empty Classified Folders”, and Continues Refusing to Give President Trump Lawyers the Affidavit Used for Search Warrant
Posted originally on the conservative tree house on November 25, 2022 | Sundance
In a recent court filing [Document Here] President Trump through his legal counsel has requested Judge Cannon to unredact and unseal the search warrant affidavit used as the predicate for the FBI raid on Mar-a-Lago. Apparently, the DOJ have yet to provide President Trump with the constitutionally required predicate documents to support their search.
Additionally, the DOJ previously leaked to media about “empty folders with classified banners” as part of the evidence cache they collected. According to the filing the DOJ has since presented three different versions of their evidence collection list, with the most recent list dropping any claims of “two empty folders with classified banners.”
While asking the court to provide the affidavit to the defense team, the lawyers for President Trump are noting the fourth amendment protects everyone against warrantless searches and seizures, and that same protection also guarantees the target the right to receive and review the claimed justification for the warrant.
The unredacted affidavit is obligated to be supplied so that it can be determined if the search warrant was legally valid and predicated. General search warrants are not legally permitted. The warrant must specify what is being searched and why. The DOJ is fighting against this affidavit release. The Trump lawyers are asking the judge to make a decision.
The issue of compartmented (siloed) information, specifically as a tool and technique of the aloof DC system to retain control and influence, is a matter we have discussed on these pages for several years.
Quite literally anything can be classified as a ‘national security interest’ in the deep state effort to retain the illusion of power over the proles, ie us. It is the exact reason why congress exempts themselves from laws and regulations written for everyone else.
In this case we are watching the DOJ National Security Division (DOJ-NSD) deny the production of the material that supports the framework of their search warrant. Again, if Main Justice has nothing to hide, then why are they not willing to stand openly behind the predicate for their search.
Tucker Carlson Accurately Cites the Source of U.S. Inflation, Biden Energy Policy
Posted originally on the conservative tree house on November 26, 2022 | Sundance
The true cause of inflation, and yes that includes ‘global inflation ‘, is the collective western economic jump into climate change energy policy known as “build back better.” Stopping the use of oil, gas and coal as the source for cheap energy, has resulted in every element of the inflation now outlined.
As an outcome of their ideology, the central banks of the western economies began desperately to lower economic activity to reduce energy consumption. The goal was/is to lower human economic activity to the point where windmills and solar farms can sustain it. Everything else is pretending. Tucker Carlson finally points this out. WATCH:
Coming out of the pandemic, western oil, coal and gas energy development was blocked. Immediately energy prices skyrocketed, driving up the costs of everything. Using the justification of “too much demand” the central banks (including the U.S. Federal Reserve Bank) are raising interest rates to lower the need for energy.
Western political leaders are pretending this is not a collective intention. However, their prior promotion of the Build Back Better agenda belies their current protestations.
Dr. Robert Malone is Still Fighting
Armstrong Economics Blog/Censorship Re-Posted Nov 25, 2022 by Martin Armstrong
QUESTION:
Message: Dear Martin,
Thank you for all of the insight that you make available to us on a daily basis. I’m hoping that you might be able to provide an update to your April 5, 2022 blog, “Dr. Robert Malone vs WEF”? At the time, the good Doctor was in the process of outing the various WEF world leaders and government scoundrels so as to make the list public. Hopefully this is still in the works and you might be able to provide a timeline and manner in which this important information will be disseminated?
Thank you in advance for your valuable insight and guidance!
KD
REPLY: Dr. Robert Malone is still fighting to expose those responsible for COVID. He has appeared on Maria Zeee’s program many times, often on the same day that I am scheduled to speak. We are fighting for the same cause, with Malone decoding the science as I expose the economic consequences.
Dr. Robert Malone is one of the original inventors of mRNA and DNA vaccines. He holds numerous patents for gene delivery, formulation, and vaccines. He admitted that he originally believed that health organizations such as the CDC and NIH were in place to help the people. He quickly realized that the health organizations are merely government pawns that have been used to suppress and manipulate the people into taking dangerous vaccines.
The MSM crowd attempts to discredit Dr. Malone at every turn. His Wikipedia page (untrustworthy site) has been hacked, his social media accounts were permanently banned, and many major news publications wrote scathing reviews on the doctor for spreading “misinformation” despite him being one of the top experts in his field. “If they can remove my voice, my experience, my expertise – they win,” Malone stated.
Dr. Malone on attempts to silence him:
“The more I have expressed data-based concerns about what is happening with the vaccines, the US Federal and WHO responses, the more I have been censored, defamed, and subjected to various forms of character assassination by big tech and legacy media. I am not alone in being targeted. Mainstream media has attacked and censored me and other prominent physicians/scientists who do not recite the governmental narrative. This has been developed into a standard process and deployed worldwide as a technique for suppressing physician dissent – quite literally hunting physicians deemed guilty of thoughtcrimes (such as questioning vaccine safety and effectiveness) or of the “sin” of treating patients with lifesaving drugs in an outpatient setting.”
Dr. Malone continues to speak out against vaccinations, and people are beginning to listen to his message.
Meloni Set to Abolish Italy’s Welfare State
Armstrong Economics Blog/Italy Re-Posted Nov 25, 2022 by Martin Armstrong
Italy’s new PM Giorgia Meloni revealed her first economic initiatives with a budget of 21 billion euros. The Italian government will no longer provide free handouts to those who simply refuse to work. This should not be controversial.
For starters, anyone eligible for welfare must actually reside in Italy. Those capable of working will have eight months to find employment before their free paycheck runs out. Alternatively, if someone refuses a job, they will be excluded from receiving welfare. The 5-Star’s citizens’ wage will be abolished by next year as the system has been abused by many who simply do not want to work. They are reviewing the pension system as well, but it’s too late to save the pension funds.
Italy’s first female PM is also encouraging couples to start families amid a birth rate crisis. Women may take a sixth month of maternity leave and still receive 80% of their salary. Meloni cut taxes on goods for newborns and feminine hygiene. Couples will receive a 50% increase in the “baby bonus,” and families with over three children will receive more incentives. Italy needs future taxpayers.
Everyone cheered when America appointed its first female vice president, but Kamala Harris has done nothing for women who still pay the pink tax and do not have access to maternity leave. It is astonishing how controversial this move has become with the papers calling Meloni a Fascist dictator for preventing working taxpayers from paying for those unemployed by choice.
G20 To Impose COVID Vaccine to Restrictions on International Travel
Armstrong Economics Blog/Economics Re-Posted Nov 25, 2022 by Martin Armstrong
The world masters dictating to us, the scum of the earth, have adopted under the pretense of the COVID vaccine the means to shut down migration and travel internationally. This will naturally further restrict global economic growth, and everywhere we turn, these people claiming to be world leaders are leading us into a cliff on the other side of 2032.
We were hoping to hold a WEC in Dubai where everyone can fly into without vaccines — an international reunion face to face. These leaders of the world’s largest economies at the Bali G20 drafted and signed a declaration in which the 20 countries agreed to adopt vaccine passports with the purported goal of promoting global travel and tourism. In fact, any country adopting this will have the opposite impact. I have resigned myself that I will never see Australia, New Zealand, or Europe ever again. Whatever these people can do to destroy the world economy, they are doing
Those who understand what is really taking place and that we are on the edge of global defaults post-2024 are not likely to take these vaccines. Hence, they are really trying to prevent movements that will overthrow governments. Just like communism fell in 1989, our Western economies will collapse, and they cannot prevent it. It will not necessitate massive civil unrest. People are not buying their long-term debt anymore, and when they cannot keep funding this insanity, they will collapse of their own accord. This is not some child’s game of blowing bubbles. We live in the real world.
Interview: The Economy and Geopolitical Trends
Armstrong Economics Blog/Armstrong in the Media Re-Posted Nov 24, 2022 by Martin Armstrong
Click here or on the video above to view my most recent interview with the Financial Repression Authority. Our friends at MoneyTalks created a nice overview of the interview that you may read here.
Cleaving Beginning? – Climate Change Policy Makes Europe Too Expensive for Low-Cost EV Manufacturing
Posted originally on the conservative tree house on November 24, 2022 | sundance
We have been closely monitoring the signs of a global cleaving around the energy sector taking place. Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies.
Within the BBB western group (identified on map in yellow), the logical consequences are increased living costs for those who live in the BBB zone, and increased prices for goods manufactured in the BBB zone. In the zone where traditional low-cost energy resources continue to be developed (grey on map), we would expect to see a lower cost of living and lower costs to create goods. Two divergent economic zones based on two different energy systems.
This potential outcome just seemed to track with the logical conclusion. The yellow zone also represented by the World Economic Forum, and the gray zone also represented by an expanding BRICS alliance. Against this predictable backdrop we have been watching various events unfold, some obvious and some less so.
Today, we get an obvious example:
NEW DELHI, Nov 24 (Reuters) – Fiat parent Stellantis (STLA.MI) has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters.
If India, with its low-cost supplier base, is able to meet the company’s quality and cost targets by the end of 2023, it could open the door to exporting EVs to other markets, said Carlos Tavares, CEO of the group whose brands also include Peugeot and Chrysler.
“So far, Europe is unable to make affordable EVs. So the big opportunity for India would be to be able to sell EV compact cars at an affordable price, protecting profitability,” Tavares told reporters at a media roundtable in India late on Wednesday.
Stellantis is investing heavily in EVs and plans to produce dozens in the coming decade, but Tavares warned last month that affordable battery EVs were between five and six years away.
On his first visit to India since taking over as Stellantis CEO, he said the company was still working out a plan regarding EV exports from the country and had not yet taken any decisions. (read more)
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Normally we would expect to see market forces determining the ultimate economic outcome. Historically, we would not expect government policy that puts their nation at an economic disadvantage. However, in this WEF controlled new western economic normal we see multinational corporations’ making decisions and government leaders creating policy to support the corporations.
There is money to be made by corporations within the climate change agenda, and there is money to be made by producing goods with low-cost wages and cheap materials. Eventually, if you keep following this to its natural conclusion, the entire yellow zone becomes a service driven economy.
Multinational corporations in control of government are what the BRICS assembly foresaw when they first assembled during the Obama administration. When multinational corporations run the policy of western government, there is going to be a problem. Brazil, Russia, India, China and South Africa (BRICS) saw President Obama sub-contracting, actually giving away, U.S. trade policy.
In the bigger picture, the BRICS assembly are essentially leaders who do not want corporations and multinational banks running their government. BRICS leaders want their government running their government; and yes, that means whatever form of government that exists in their nation, even if it is communist.
BRICS leaders are aligned as anti-corporatist. That doesn’t necessarily make those government leaders better stewards, it simply means they want to make the decisions, and they do not want corporations to become more powerful than they are. As a result, if you really boil it down to the common denominator, what you find is the BRICS group are the opposing element to the World Economic Forum assembly.
The BRICS team intend to create an alternative option for all the other nations. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency. Perhaps many nations will use both financial mechanisms depending on their need.
The objective of the BRICS group is simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’
Again, if you follow the Build Back Better agenda to its natural conclusion, the entire yellow zone becomes a service driven economy.
Housing Sales to Institutional Investors Dropped 30% in Third Quarter
Posted originally on the conservative tree house on November 24, 2022 | sundance
There is a significant lag in all data within the housing market. That said, the third quarter (July, Aug, Sept) data reflects a significant drop in institutional investment within the housing market.
If you look closely at the timing (keep in mind the data reporting lag) what you will notice is that financial institutions began a big surge in purchasing hard assets, specifically real estate, as soon as Joe Biden took office (Jan ’21), and the economic policy became evident. Intangible financial instruments became an immediate risk as the professional financial control groups recognized energy policy would drive inflation (supply side) and devalued money would fuel it (demand side).
As an offset to predictable inflationary policy (the insiders’ game), institutional money (Blackrock, Vanguard etc) was moved into hard assets with tangible value. This shift in asset allocation, institutional sales, helped fuel a false surge in home prices and their valuations. CTH was writing about this in 2021, and sounding alarms as it took place. 25% of all real estate purchases were being made by institutional investors.
The dynamic was predictable. The Biden administration economic policy, energy policy and monetary policy, was going to cause massive inflation. CTH was shouting about it in early 2021 and warning everyone to prepare for waves of price increases that would naturally surface first on high-turn consumable goods, and then embed into longer-term durable goods.
Despite claims to the contrary, this 2021 inflationary explosion had nothing to do with the pandemic or supply chain shortages. It is entirely self-created by western governmental policy; the collective ‘Build Back Better’ agenda. You can see now from the background moves within the financial sectors, they too knew the reality and their money shifts reflected that despite their ‘transitory’ pretending they were mitigating their own exposure.
We the People were yet again going to be victims of specifically intended monetary, regulatory, energy and economic policy.
The investment class rulers of the WEF assembly shifted assets to avoid the pain that we would feel. We “would own nothing and be happy,” and their shifts would position them to own everything and be in control.
Overall govt spending and regulatory controls drove inflation for these past two years. The ‘demand side’ was blamed, despite the lack of demand. I will be proven right when history is concluded with this. Interest rates were raised by central banks in an effort to support the policies that are driving ‘supply side’ inflation, not demand side.
Energy policy was/is crushing the consumer by driving up the cost of all goods and services. To support the overall goal of changing global energy resource and development (a false and controlled global operation), central banks raised interest rates. Various western economies, including our own, have been pushed deeper into a state of contraction by central banks crushing consumer demand, and eliminating investment via increased borrowing costs.
In short, the goal was/is to lower energy consumption by shrinking the economic activity. This, according to the BBB plan, was needed at the same time as energy development was reduced. These economic outcomes are not organic, they are all being controlled by collective western government agreement.
Within this control dynamic, there was always going to be a point where the reaction of the people to their economic reality means the financial control elements need to shift direction. They will always maximize profit and minimized risk, while knowing what the larger objective remains.
Just like every other durable good, housing demand contracts as prices and costs become unaffordable. The loss of equity within your home is damaging to your own value or ability to borrow against it. From the perspective of an institutional asset, that same equity drop is an investment loss. Thus, just as a consumer would exit the housing market, so too will institutional investment groups now control the slow dumping of the asset to remove the equity they pumped into it.
Much of the investment housing will be retained as rental housing, with the monthly rents being part of the returns on the investments. However, as this dynamic unfolds further purchases of houses stop, because the asset overall is declining in value.
(Via Wall Street Journal) – Investor buying of homes tumbled 30% in the third quarter, a sign that the rise in borrowing rates and high home prices that pushed traditional buyers to the sidelines are causing these firms to pull back, too.
Companies bought around 66,000 homes in the 40 markets tracked by real-estate brokerage Redfin during the third quarter, compared with 94,000 homes during the same quarter a year ago. The percentage decline in investor purchases was the largest in a quarter since the subprime crisis, save for the second quarter of 2020 when the pandemic shut down most home buying.
The investor pullback represents a turnaround from months ago when their purchases were still rising fast. These firms bought homes in record numbers last year and earlier this year, helping to supercharge the housing market.
Now, investors are reducing their buying activity in line with the decline in overall home sales, which have slumped with mortgage rates rising fast. (more)
At a macro level, if you bought a home in the last 18 months, or refinanced your home to pull out equity, you still have significant downside exposure. Home prices will continue dropping until they plateau on the downside at the price that existed in roughly June of 2021.
The drop in value is directly related to the regional purchases by the institutions. In areas where higher percentages of overall home sales were made by institutional investors, the subsequent drop in value will be larger (see chart above). In areas where actual people purchased homes to live in, the drop in value will be less significant.
I keep getting this buying question, so with the above in mind I will answer it in the most brutally honest way I can present…..
At a macro level, if you are going to purchase a home on this downslope, look at the historic valuation of that property (or a comparable property) in/around approximately the spring of 2021. Start there, and put your offer in that vicinity, then hold firm without any emotional attachment to it. Do not purchase another groups loss.
Centinel2012 