At 10:22am today, billionaire businessman and new Owner/CEO of Twitter, Elon Musk, has recommended that voters choose republican candidates for congress this midterm election cycle. [Source]
Democrats and left-wing political activist groups are going bananas.
Interestingly, after visiting Washington State, Arizona and Nevada to campaign in support of 2022 republican senate candidates, Senator Tom Cotton – a previous Sea Island conference attendee – has announced a decision not to run for higher office in 2024.
Is it possible Senator Cotton’s visits gave him more exposure him to the MAGA base and provided additional insight into what & who voters support?
Arkansas – U.S. Sen. Tom Cotton, who has been considering a run for president in 2024, will not seek higher office in the next election cycle, according to reports on Sunday.
A source close to the senator confirmed to the Arkansas Democrat-Gazette on Sunday that the Dardanelle Republican will not run for president in 2024. Politico first broke the story.
A leading factor behind Cotton’s decision was his two sons, who are 5 and 7. Both were born after Cotton joined the Senate in January 2015. Cotton served in the House of Representatives for one term before defeating U.S. Sen. Mark Pryor, D-Ark., in the 2014 election.
Cotton will not be up for reelection to the Senate until November 2026. (read more)
By order of the Fifth Circuit Court of Appeals, Catherine Engelbrecht and Gregg Phillips have been ordered RELEASED from custody, reversing the lower court decision which led to their detention and imprisonment for six days. {Background}
A statement from Catherine and Gregg posted on Truth Social:
I will look for more details on the Texas Fifth Circuit Court of Appeal decision.
Konnech CEO Eugene Yu was arrested for exploiting access to U.S. election data, including election worker information, and transferring the files to China.
Eugene Yu and Konnech sued True the Vote and are using the U.S. civil judicial system to find out who told the FBI about the Chinese data harvesting operation. Federal Judge Kenneth Hoyt demanded that Phillips and Englebrecht reveal the names of everyone who was present when the original data files were shown to True the Vote.
Englebrecht and Phillips stated they did not ever possess the data file, do not have it and refused to name all the participants who may have seen it. Judge Hoyt threw them in jail last Monday until Englebrecht and Phillips give up the names to the court and the Chinese Communist Party.
Their release comes a day after President Trump drew attention to their wrongful incarceration during a MAGA rally in Latrobe Pennsylvania. Fox News Host Tucker Carlson also drew attention to the case.
Using the outline of the previous global famine to trace a modern history of desperation and the Live Aid movement rallying of the public to feed the world, Neil Oliver contrasts the current cultural Green Agenda 40 years later and the pending energy crisis.
If millions were at risk in the 1980’s, how many are likely at risk today? Yet the same people, institutions and systems that rallied to save the hungry are right now the same people, institutions and systems willing to inflict more harm as they chase the false climate change agenda. It is an interesting and brutally honest perspective.
Oliver then walks through the looming and predictable consequences as he follows the process to its logical conclusion. WATCH:
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Billionaire Citadel Investment hedge fund CEO Ken Griffin (pictured above, center) is one of the top purchasers of Florida Governor Ron DeSantis for a 2024 presidential bid. In a recent article for Politico, Mr. Griffin openly explains what he expects from his investment in DeSantis:
WASHINGTON DC – […] He has given nearly $60 million to federal Republican candidates and campaigns this election cycle. That puts Griffin behind just liberal billionaire George Soros, who’s given more than $128 million to Democrats, and Richard Uihlein, who aligns himself with far-right candidates and organizations, at about $62 million.
[…] While he’s supporting one of this cycle’s biggest culture warriors in DeSantis, Griffin said most hot-button issues — abortion rights, battles over sex education and LGBTQ rights — don’t define his interests. He wants to improve the diversity of the GOP and blunt the vein of populism that has complicated the party’s relationship with the corporate world — two things he’s consulted with House Minority Leader Kevin McCarthy about. (read more)
(1) Stop the populist movement and (2) get the republican party back in alignment with the multinational “corporate world.”
Pretty blunt, but hey, he’s rich enough to be honest. So, there you have it…. This is what Griffin expects Ron DeSantis to do for him. Any questions?
Comrades, the dissident messenger known as Joe Dan Gorman has surfaced again, just long enough to transmit another Tokyo Rose’ broadcast in a coded frequency only receivable by patriots with a funny bone. This natural coded messaging ensures communists and leftists are incapable of receiving it.
The subversive November election transmission comes from deep in the underground bunker of the Rebel Alliance. Pull out those super-secret decoder rings, and enjoy the broadcast before the deep state satellite interception trucks show up on your driveway…
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Reports are starting to come out that various regions in the Southeastern U.S. are running out of diesel fuel [North Carolina Example] – [Midway Kentucky Example].
The empty service station tanks in North Carolina today come after Mansfield Energy warned of a critical “diesel fuel shortage in the Southeastern United States, including North and South Carolina” [link]
RALEIGH, N.C. (WNCN) — A diesel fuel alert issued a week ago by a key fuel logistics company hasn’t changed — despite a small increase in inventories of diesel over the last week. The alert from Mansfield Energy a week ago was for the Southeastern United States, including North and South Carolina, Virginia, Tennessee, Georgia, Alabama, and Maryland.
The low supply left the Southeastern United States with just 25 days worth of diesel fuel, the company said. U.S. Energy Information Administration (EIA) reported Friday those numbers were actually down a bit from last week along the East Coast.
Low supplies make it difficult to find the fuel quickly, which means trucks have to visit several terminals and “strains local trucking capacity,” the company said. The low supplies also mean an increase in prices for diesel. On Friday, diesel prices opened up 10 cents for the week, Mansfield said. (read more)
Earlier today Joe Biden said he is confident in the midterm election next week because the American voters love the high inflation economic policies he has initiated.
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During a speech today, Joe Biden bragged about the example of his visit to a Massachusetts coal-fired plant that was forced to close due to regulation. However, what Biden didn’t mention was the energy provider telling customers to expect a 64% increase in electricity rates effective November 1st.
BIDEN: …”I was just — and so we can accommodate that transition. I was in Massachusetts about a month ago on the site of the largest old coal plant in America. Guess what? It cost them too much money. They can’t count. No one is building new coal plants because they can’t rely on it, even if they have all the coal guaranteed for the rest of their existence of the plant. So it’s going to become a wind generation.
And all they’re doing is — it’s going to save them a hell of a lot of money, and they’re using the same transmission line that transmitted the coal-fired electric on. We’re going to be shutting these plants down all across America and having wind and solar.”… (link)
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.
[…] 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)
Thank you to the reader who sent in this hilarious image. Despite all the incoming data and price instability, some expected the Fed to pivot on its stance. Even BlackRock reportedly told advisers to expect “pivot language” at the last Federal Open Market Committee meeting. They were hoping that the Fed would announce a looser stance for the December meeting despite conditions failing to improve.
The markets correctly anticipated a 75 bps hike for November. Jerome Powell said that incoming data from the last meeting has led the central bank to believe that rates will edge HIGHER than originally anticipated. PCE rose 6.2% over the past 12 months, with core PCE rising by 5.1%. Long ago after Powell changed his “transitory” stance, he reiterated that the Fed’s main goal is to bring levels back to the 2% target. Price stability is the top priority – period.
“As I’ve said in the last two press conferences, it will become appropriate to slow the pace of increases, as we approach the level of interest rates that will be sufficiently restrictive to bring inflation down to our two percent goal. There is significant uncertainty around that level of interest rates. Even so, we still have some ways to go, and incoming data since our last meeting suggest that the ultimate level of interest rates will be higher than previously expected,” the chairman reiterated.
The central bank realizes that the situation will only worsen. “Restoring price stability is essential to set the stage for achieving maximum employment and stable prices in the longer run. The historical record cautions strongly against prematurely loosening policy. We will stay the course, until the job is done,” Powell commented. His Q&A after the announcement only reiterated his extremely hawkish stance (see video above).
Powell said the Federal Reserve is honing in on three main factors: 1) how fast to tighten policy, 2) how high to raise rates, 3) how long to remain on the current course. Powell said they would move “expeditiously” to move rates, especially given the low starting point. He believes that incoming data justifies ongoing rate hikes, and his estimate is higher than what was announced in September. Finally, he said they might have a discussion on when to loosen policy, but there was an emphasis on the word discussion.
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