Category U. S. Build Back Better

Jul 13 2022

World Bank: The Poor Will Suffer From Carbon Taxes


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

The World Economic Forum is praising Denmark for implementing the world’s strictest carbon tax laws. Companies will soon be forced to pay $159 for every tonne of CO2 emitted, marking an additional $53 per tonne. The government claims this will cut CO2 levels by 3.7 million tonnes in just one year.

“This incentivizes companies to clean up for themselves,” the WEF reported. In the midst of an extreme energy crisis, punishing energy suppliers will undoubtedly backfire. These costs will be passed along to the already struggling consumer. Even the World Bank admitted that the poor will suffer from the carbon tax.

The World Bank stated on its blog:

“There are good reasons why governments may not want to use carbon taxes, and one of them relates to their welfare impacts. For example, a carbon tax on fossil fuels is often regressive in its impact- hurting poorer people relatively more than richer ones. Even when it might be progressive, poorer people still suffer a welfare loss when prices rise, making their consumption basket more expensive.”

Furthermore, they admitted that the carbon tax “aims to restructure economies by raising the cost of a critical resource – the juice that makes it run.” Precisely. We NEED fossil fuels right now, there is no other viable alternative available to provide energy to the world. Since nations have succumbed to the climate change agenda, they have lost their energy-independent status. Europe shot itself in the foot by eliminating any diplomatic relations with their number one supplier of gas for a country that they did not acknowledge prior to February 2022.

Other nations with the ability will drill and sell oil to those under WEF leadership at a premium. India is already buying Russian oil at a discount, refining it, and selling it to the US for a premium. This is more than just bad business as it is a clear attempt to cut off a “critical resource” to “restructure economies” as seen fit by the WEF.

Jul 13 2022

Tucker Carlson Outlines How Joe Biden is Implementing the Green New Deal Energy Program and Killing the U.S. Economy, and Standard of Living, in The Process


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

During an extensive opening monologue on Tuesday evening, Fox News host Tucker Carlson walked through the origin of the modern American push for a transformation in the U.S. energy system; as outlined in the Green New Deal advocacy of Alexandria Ocasio-Cortez, and how Joe Biden is implementing the agenda by executive fiat.

The Green New Deal is domestically to the U.S. as the Build Back Better agenda is to the rest of the western nations who follow the instructions from the World Economic Forum. Collectively the economies of western government are starting to collapse as the underlying energy policies (climate change) are being implemented.

Carlson walks through several examples of countries who have tried and failed to switch from oil, gas and coal to the “green renewable” energy programs. Everything from farming to home heating is now under attack by the governmental energy policies of western nations.  Civil society is starting to collapse in according to the schedule of the nations who have tried to transition.  Perhaps the worst part about it, is that western politicians -like Joe Biden- do not care how much damage is done, they are doing it anyway. WATCH:

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Something has to change, and soon.  As a nation we are going to self-destruct if we do not stop this mad effort to use windmills and solar energy as alternative power sources to oil, coal and natural gas.  Already there are signs that states like Texas are bordering on an energy crisis because there is not enough wind to power their windmills.

From the complete restructuring of farming under the guise of climate change (the intentional shift to eating bugs and lab-grown meat), to the complete collapse of stable energy as a result of chasing climate change goals, we are fast approaching the point of no easy return.

We are not going to like the civil unrest and national instability that comes along with public desperation.

Jul 13 2022

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

Jul 13 2022

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:

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Jul 13 2022

UC Berkeley Law Professor Accuses Senator Josh Hawley of Transphobic Violence During Senate Hearing


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

Comrades, the professional moonbats went to Washington DC today to advance the Democrat position on baby killing.  However, UC Berkely Law School Professor, Khiara M. Bridges, claimed to be a victim of transphobic non-binary violence while being questioned about women and abortion.

After hearing Professor Bridges speak about “people with the capacity for pregnancy” in her testimony, Senator Josh Hawley attempted to understand exactly who Ms. Bridges was talking about because the Senate Judiciary hearing was assembled to discuss the legal consequences of the recent Supreme Court Dobbs decision on abortion.

Professor Bridges took exception to the line of inquiry suggesting that only women could get pregnant, and immediately accused Senator Hawley of conducting transphobic violence against her for asking questions without accepting her position that men can get pregnant.  WATCH:

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This is the modern political ideology of Democrats.   And leftists are puzzled, shocked and stunned about why so few people can relate to them anymore.

Violence that supports leftist ideology is called speech. Any speech that confronts leftist ideology is labeled violence.

The Democrat party really need to double-down on this approach.  It will be good for them, I promise.

Jul 13 2022

Neil Oliver Analyzes the Global Uprisings that are Rejecting the Build Back Better Agenda


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

Appearing on GBNews with Dan Wootton, UK commentator Neil Oliver discusses and connects the Sri Lanka protests, the uprising in the Netherlands, and the aligned protests in Poland, Italy, Germany and much of the European continent.

As Oliver notes the pretorian guards for western politicians, aka the ‘western media’, are doing everything they can to ignore the global scale of the popular uprisings that are directly connected to the globalist agenda of the World Economic Forum and their Build Back Better orders to the western politicians.  The media ignore the issue until it reaches a point like Sri Lanka where it can no longer be ignored.  WATCH:

The Canadian trucker protests were targeted by Canadian Prime Minister Justin Trudeau in an effort to quickly stop the spread of any opposition to the globalist agenda. However, in the Netherlands the Dutch farmers have several distinct advantages in their ability to impact the life of ordinary Dutch people, as they refuse to become victims to the new global feudalism.

Like Sri Lanka, the Netherlands is a case study in raw people power, where the government is represented by a select few people.  The only thing keeping the Dutch from storming the politicians’ palaces and government buildings is a preference for polite society.  If that preference changes, and it might as people get more desperate, well, katy-bar the door.

Sri Lanka (top)

The Netherlands (bottom)

Both uprisings are connected to the exact same dynamic.

Jul 13 2022

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)

Jul 11 2022

The DOJ Wants Illegal Immigrants to Vote


Armstrong Economics Blog/Corruption Re-Posted Jul 11, 2022 by Martin Armstrong

Who will vote for Biden after he destroyed the American economy? Perhaps illegal immigrants from Socialist countries who would have gratitude for even the lowest level of living in this nation. I explained how the election system is rigged with Dominion Voting Systems directly funneling money to liberal candidates and having close ties to George Soros. The Biden Administration wants to ensure that the game is completely in their favor, and now wants illegal immigrants to vote in American elections.

The Biden Administration is actually suing the state of Arizona because the state will require voters to show proof of American citizenship. Was the left not up in arms about other nations allegedly interfering in our electoral process? The Department of Justice claims that House Bill 2492 is illegal under the Civil Rights Act (1964) and the National Voter Registration Act (1993).

Arizona Attorney General Mark Brnovich said that he will not accept the DOJ’s demands. “In addition to free rooms and transportation for those illegally entering our country, the DOJ now wants to give them a chance to vote,” he said to Fox reporters. “It’s another round of Brnovich v. Biden. I will once again be in court defending Arizona against the lawlessness of the Biden administration.”

New York City recently prohibited illegal aliens from voting and the measure has bipartisan support. Even Mayor Bill de Blasio did not fight the ruling. The only politicians seeking to allow outsiders to vote in elections are on the far-left, and it appears that those at the very top of our political system have become extremists in their views.

Jul 11 2022

The Disease Cycle


Armstrong Economics Blog/Disease Re-Posted Jul 11, 2022 by Martin Armstrong

QUESTION: Marty, You have forecasted that your disease model turned up here in 2022. COVID was exploited, but it was no worse than the flu. Then there is monkeypox. But the latest is the much more lethal Marburg virus in Africa. Is this going to be the real one?

DC

ANSWER: The model did not target a specific virus. There are serious outbreaks throughout history but they are not always the same virus or bacteria. The history of this particular virus only goes back to 1967. This particular virus has a base cycle of 5-year intervals. The major outbreak was 2004-2005 which lasted into 2008. Ideally, our model projected that would reappear in 2013 and it showed up in 2012 a little ahead of schedule.

A major outbreak should come in the 2027-2028 time period. But keep in mind that this has not turned into a pandemic and has been confined to Africa. It is spread through bodily fluids so which usually involves sex or touching an open sore. So I would not be concerned that this will spread to your neighborhood without human intervention. The most devastating disease cycle will be from 2027 into 2050.

Jul 11 2022

After-Birth Abortion – Really?


Armstrong Economics Blog/Opinion Re-Posted Jul 11, 2022 by Martin Armstrong

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The woman army medic who seems to be fighting for the Constitution clearly has no idea what the Constitution is all about. Here rant which gathered 30,000 likes said:

“I just extended my contract to continue serving this country a week ago. How am I supposed to swear to support and defend the Constitution and a country that treats its women like second-class citizens?” She continued: “How am I supposed to do that? How am I supposed to do that with pride? How am I supposed to do that with love and honor?”

In HARRIS v. McRAE, 448 U.S. 297 (1980), the facade of Roe v Wade was exposed. The case was claiming that the government MUST pay for medically necessary abortions. They made it clear in that decision that the Constitution is NEGATIVE, not POSITIVE. It is a restraint upon government – not a shopping list of positive rights. This medic should resign, leave the country, and go someplace where you can freely kill a two-year-old when they annoy you.

If there was a Constitutional Right to abortion, but a restraint under the 8th Amendment against cruel and unusual punishment, then the solution would be to justify retroactive abortion without limitation so you no longer sentence someone to death, you merely abort their life whenever.

The very law that these people are so upset about was limiting abortion to the first 15 weeks. They seem to want even after-birth abortion. These real fanatics want to call a newborn still a fetus to justify abortion after birth.

“We claim that killing a newborn could be ethically permissible in all the circumstances where abortion would be. Such circumstances include cases where the newborn has the potential to have an (at least) acceptable life, but the well-being of the family is at risk.”

Why not just kill a child at any age when it threatens the “well-being of the family” if there is even a family that remains under this definition. There has always been justification for abortion when the life of the mother is at risk, or rape, or incest. But not any of these justify after-birth abortion. Sorry, but I don’t see how they would be good mothers and the solution should be sterilization – Gates would love it!