Category U. S. DC Uni-party

Nov 11 2021

Board Members Fleeing the Federal Reserve


Armstrong Economics log/Central Banks Re-Posted Nov 11, 2021 by Martin Armstrong

Federal Reserve members are fleeing the central bank. We saw two Fed presidents resign in October amid scandal. Randal Quarles recently announced that he also plans to resign from the Federal Reserve’s Board of Governors when his four-year term expires at the end of the year. Another position remains vacant as well. A third position for the central bank will open up in January when Vice Chair Richard Clarida’s term expires. Fed Chairman Jerome Powell’s term ends in February, and Biden has not stated whether he plans to renominate Powell. Rumors are swirling that Biden may appoint Lael Brainard as he is the only Democrat on the seven-member board.

Biden could choose to renominate Powell and fill Quarles’ position with Brainard. However, does Powell still want the job? The investigation into potential inside trading among Fed members may have pushed him over the edge. We cannot bring inflation down without reaching maximum employment, and we cannot reach maximum employment under Biden’s authoritarian mandates. The Fed is in between a rock and a hard place.

There is a potential for three to four slots to become available in the near future, which would give the Biden Administration the ability to tip the scales in their favor, despite the Fed claiming to be independent from the government. Sarah Bloom Raskin, a previous Fed governor, could be in the running. William Spriggs, chief economist at the AFL-CIO and an economics professor at Howard University, may also throw his hat in the ring. Lisa Cook, an economist for Michigan State, is also a potential candidate. Senator Sherrod Brown, a Democrat on the Senate Banking Committee that manages Fed nominations, said, “It’s time we had a black woman on the Board of Governors” in reference to Lisa Cook. Would it be possible to appoint the most qualified person rather than making a decision based on race or gender? They likely want to appoint anyone who is on board with the Build Back Better agenda. These people are making decisions that shape the entire world economy. Unfortunately, it seems as if many of the qualified individuals no longer want the job due to Biden’s mismanagement of the economy.

Nov 11 2021

The Health Monopoly


Armstrong Economics Blog/Conspiracy Re-Posted Nov 11, 2021 by Martin Armstrong

Bill Gates will emerge as the richest man in human history, for he has succeeded in creating a health monopoly. The royalties from the never-ending vaccines will propel him to more wealth than Bezos, Musk, Buffett, and the top 10 COMBINED. He then puts his wealth in a foundation that will be exempt from the Billionaire Tax he has supported, which will undermine everyone else in the Billionaire Club.

It looks like the greatest plans of those who dream of controlling the world will not work out as they envision. Gates’ surrogates are putting out reports happily projecting their endless power over the world using this fake crisis. They will destroy the world economy indefinitely. Such medical promoters on the take from Gates’ Foundation may be putting their lives and those of their family at risk. They always project the future in a linear manner for they neither believe in God nor in the cyclical nature of the universe.

Richard E. Nesbett wrote an interesting book entitled “The Geography of Thought, How Asians and Westerners Think Differently … and why.” He attributed his work to a Chinese student who said, “You know, the difference between you and me is that I think the world is a circle, and you think it’s a line.” He goes on to quote him:

“The Chinese believe in constant change, but with things always moving back to some prior state. They pay attention to wide range of events; they search for relationships between things; and they think you can’t understand the part without understanding the whole. Westerners live in a simpler, more deterministic world; they focus on salient objects or people instead of the larger picture; and they think they can control events because they know the rules that govern the behavior of objects.”

This is why in Asia, I never had to explain that there were cycles. They looked at the West as primitive locked into this linear view of the world and we can see it in this global warming nonsense. They presume that because the planet warms in 20 years that the trend will last forever. Girls mature and eventually grow too old to produce children and then die for there is a cycle to everything. We all are born, we live, and we die. There is night and day and even the influenza virus mutates cyclically each year, so the vaccine changes. Nothing functions in a straight line yet in the West every form of analysis are linear. There are stock market crashes and they will launch an investigation to try to determine who caused it. Never do they ever consider themselves as any possible cause.

So those who think they are God and can manipulate society because the system is linear void of any nature cyclical nature will discover in 2022 that all things do not always just go up.

Gates is following the script left behind by Rockefeller. Their definition of being a philanthropist is akin to getting some girl pregnant to pay for the abortion, and that makes them a philanthropist. Gates’ monopoly over health is far more dangerous to society than Microsoft or Standard Oil in Rockefeller’s day. Perhaps the 2022 election will cause an upset, and an investigation into Gates and his surrogates will, at last, unfold — including Fauci, who is 80-years-old. Why is he still in government? It is not for a pension. He even had to start withdrawing from a 401K. He is clearly there only for power.

Nov 11 2021

Brothel Offers Free Sex for Getting Vaccinated


Armstrong Economics Blog/Vaccine Re-Posted Nov 10, 2021 by Martin Armstrong

Because there are so many illegal aliens in Europe, they are now offering free sex in return for getting vaccinated. Clearly, our political leaders have been bought and paid for to do this for Big Pharma when there is absolutely no benefit to the vaccine; it neither prevents you from getting it nor spreading it. Israel has already confirmed that the majority of people who have died were vaccinated. It really makes no sense as to why the drastic push.

I learned in high school health class that we cannot cure the flu nor the common cold because these exist in animals as well. This is what Fauci has been creating like Dr. Frankenstein — “gain of function” — meaning taking viruses from animals and manipulating them to infect humans. This is very straightforward. We cannot cure anything that co-exists in animals – PERIOD! Gates has created this worldwide panic to sell his vaccines to make him so rich that he will rule the world. He will end up with more wealth because he will not donate vaccines to the poor. He wants the industrialized countries to pay him and donate them — so much for being a philanthropist.

Nov 11 2021

Sketchy U.S. Surgeon General Attempts to Rebut Matthew McConaughey and Vaccine Hesitance in Children


Posted originally on the Conservative tree house November 10, 2021 | Sundance | 151 Comments

U.S. Surgeon General Vivek Murthy appeared on U.S. state television (CNN) Wednesday in an effort to push vaccinations for children.

Mr. Murthy is married to a woman named Dr. Alice Tu Chen.  If you look into the past of the surgeon general’s wife, you will discover Alice Chen is essentially a ghost – from the perspective of: who were her parents?  The lack of parental and familial history is a key characteristic of CCP implants in the U.S.

Surgeon General Murthy is pushing hard for vaccines in 5 to 11-year-olds.  Most U.S. parents are reasonably hesitant about using an experimental untested vaccine on their children.  Murthy is very focused on creating pressure on parents to vaccinate their children with an emergency use product against a virus that poses no significant threat.

In July, the Surgeon General asked Big Tech platform providers to remove content and censor anyone who would question the emergency use vaccine in adults.  His office put out a 22-page advisory [pdf HERE] in an effort to combat what he called “misinformation” about vaccines.  Now, Murthy is using that same approach to enhance his efforts toward childhood vaccines.  There is something creepy about the scale of the effort.

Hollywood actor Matthey McConaughey came out as a parent of three children cautious about vaccinating his own kids. A highly visible Hollywood personality who expresses a vaccine hesitancy immediately becomes a threat to the system.  As a consequence, Surgeon General Murthy appears on U.S. state TV (CNN) to stem the damage and tamp down independent thinking.

There is something very odd in the background of Surgeon General Vivek Murthy as it relates to his wife Alice Chen.  Look around, do some research, you’ll likely come to the same conclusion.  Her Chinese parents are missing from everything in her life, including her marriage.  Alice Chen is essentially a ghost who just appeared in college and somehow found her way to be married to the U.S. Surgeon General.   There were no relatives of the bride at her 2015 wedding. It is all very weird.

Nov 11 2021

Judge in Rittenhouse Trial Admonishes Malicious Prosecution For Ignoring Pretrial Rulings on Evidence


Kenosha County Judge Bruce Schroeder was very frustrated by the prosecution in the case against Kyle Rittenhouse today. The defendant took the stand in his own defense after the prosecution clearly failed to present their case. Even the prosecution’s own witnesses affirmed the accused was acting in self-defense.

Posted originally on the conservative tree house on November 10, 2021 | Sundance | 216 Comments

A desperate prosecution appears to prefer a mistrial in lieu of a most likely acquittal, by attempting today to introduce evidence against the accused. Judge Schroeder was furious at the prosecution for refusing to adhere to pretrial rulings.

There have been many people wondering why Kyle Rittenhouse would want to take the stand in his own defense given the weakness of the prosecution case. However, for those who remember the trial of George Zimmerman, the motive of Rittenhouse is not that difficult to see.

The case against George Zimmerman was just as weak and politically motivated as the case against Rittenhouse. Zimmerman was acquitted by the jury quickly, in part because a self-defense case was so clear and in part because the prosecution case was maliciously constructed and fraught with lies.

Like Zimmerman, the Rittenhouse case was similarly constructed for media and political use.  It is a political trial with no basis in truth to the pretrial narrative.

George Zimmerman never took the stand before he was found not guilty. As a result, there was no counter-narrative to push back against the false media construct. After the not guilty verdict, the media continued to say George Zimmerman was guilty.   The reality of manipulated public opinion haunted Zimmerman after the acquittal, and continued to destroy his life after trial.

It appears Kyle Rittenhouse is testifying to use the time where public attention is upon the case to avoid the post trial fate that George Zimmerman encountered.  And, I will add, it is working.  In a substantive way, Rittenhouse sitting and taking all of the prosecution manipulation upon himself in a very visible open court is generating more public awareness that he was/is wrongfully prosecuted.

Nov 11 2021

Florida Governor Ron DeSantis Discusses State Efforts To Block Biden’s Distribution of Criminal Illegal Aliens into Florida


Posted Originally on the conservative tree house on November 10, 2021 | Sundance | 147 Comments

During a speech in Jacksonville earlier today, Florida Governor Ron DeSantis discussed some of the potential state actions that can be taken to block the distribution of illegal aliens into the state.

Joe Biden has been sending covert flights of illegal alien border crossers into Florida in the late night hours.  Governor DeSantis is now looking at punitive damages, or state level punishment, against the private sector contractors who are facilitating the transport.  Additionally, DeSantis noted one potential solution would be for Florida state law enforcement to put the illegal aliens onto chartered buses and sending them to Joe Biden’s home state of Delaware.

Nov 11 2021

NJ Senate President Steve Sweeney Officially Concedes Defeat to Republican Truck Driver Edward Durr


Posted originally on the conservative tree house on November 10, 2021 | Sundance | 189 Comments

“I of course accept the results. I want to congratulate Mr. Durr and wish him the best of luck,” Steve Sweeney said during a speech at the statehouse complex Wednesday. “It was a red wave” that took him out of office, he said.

Steve Sweeney has served as New Jersey Senate President since 2010, and was responsible for walking Democrat Governor Phil Murphy’s radical progressive agenda and totalitarian COVID rules through the Legislature.  However, the district voters had enough, dispatched him and replaced him with a truck driver who spent a little more than $2,300 bucks in the contest.

Nov 11 2021

Flashback, Joe Biden Says He Understands Unchecked Inflation Would Pose a Real Danger to U.S. Economy


Posted originally on the conservative tree house on November 10, 2021 | Sundance | 75 Comments

On Monday July 19, 2021, the White House occupant declared that inflation was temporary and would be “transitional”.  Current economists now refute that claim, as inflation continues to escalate at an alarming pace.   In July Joe Biden said (transcript):

“Now, I want to be clear: My administration understands that if we were to ever experience unchecked inflation over the long term that would pose real challenges to our economy. So while we’re confident that isn’t what we are seeing today, we’re going to remain vigilant about any response that is needed.”

Joe Biden was asked a follow-up question after his remarks:

Q Yes, thank you, Mr. President. At what point would you consider inflation unchecked to a point at which you would either consider taking action or you would want to see the Fed take action?

To wit Joe Biden responded:

THE PRESIDENT: “Yeah. There’s nobody suggesting there’s unchecked inflation on the way — no serious economist. That’s totally different”. (link)

Nov 11 2021

Consumer Inflation in October Doubled From September – 6.2 Percent Inflation Year Over Year – Real Wages Dropped 1.2 Percent For Year


Posted originally on the conservative tree house on November 10, 2021 | Sundance | 239 Comments

Yesterday, data on the wholesale “Producer Prices” was released showing an 8.6 percent increase in prices for final demand products {DATA HERE}.  That is the increase in cost within the system of bringing products to market.

Today, the “Consumer Price” data was released showing a massive 6.2 percent increase in prices {DATA HERE} for goods that are currently available for sale.  The overall rate of inflation is now 6.2% year-over-year.

When you overlay inflation atop wage growth, the Bureau of Labor and Statistics (BLS) report now shows a decrease in “real wages” of 1.6 percent {DATA HERE}, which is the increase in weekly pay minus the additional costs to buy stuff.   The working class is losing ground rapidly.   Things are ugly and they are fixin’ to get uglier.

Before getting to the part where we can explain exactly how much more we can predict to pay for current products in 90 days (yes, that approximation is possible), first lets look at the actual data on the current inflation rate for products we are buying today.  [Table 2] is the easiest reference for category specific review.

Overall, the prices for groceries (food at home) went up 1.1% in October and 5.4% for the year.   However, several products in the supermarket have jumped massively. Beef jumped 1.9% for the month and is 20.1% higher overall.  Bacon went up 2.1% for the month and is now 20.2% higher for the year.  All processed foods increased at a rate about four times higher than fresh unprocessed foods.

Fuel oil went up 12.3% in October and is now 59.1% higher for the year.  Unleaded regular gasoline went up 3.9% in October and is now 51.3% higher for the year. Piped natural gas went up 6.3% for the month and is now 28.1% higher for the year.  Used vehicles are now 26% higher than last year, and new cars went up roughly 10%.  You can scroll down Table-2 to see each category (second and third columns show year and monthly increases).  It’s unnerving to see the scale of inflation while knowing it will get worse.

One kitchen table way to estimate the current inflation that is already in the system but has not shown up in the retail end is to take the wholesale inflation (PPI 8.6%), deduct the current retail inflation (6.2%), and that gives you an estimated aggregate gap of 2.4% between them.  That 2.4% is essentially an inflation lag already in the supply chain at various stages (raw material, intermediate, final).  Bear with me…

The 2.4% difference (8.6 – 6.2) is a lag that will show up in approximately 90 days. The difference between the wholesale inflation and retail/consumer inflation will eventually reach the cash register in higher prices.  The 2.4 difference is also a good way to approximate how high finished processed goods will go.

The difference between the wholesale rate of inflation and retail rate of inflation (as a percentage) is around 28%.  That’s a good generalized way to approximate what the future price will likely be for any given item, call it a widget, in the consumer segment.

• Current widget at $17.00 + 28% gives you an approximate for future widget at $21.76

• Current bread at $4.69 + 28% gives you an approximate for future bread at $6.00

Using this method, you can approximate the upper price likelihood for a heavily processed product.  The more an item needs to be processed, the more hands that touch the product in the processing, the higher the end price will be.  The more an assembly of individual processed parts is needed in order to generate a finished good, the higher the end price will be, etc.  An increase of 28% will be an approximation for the future prices (roughly 90-120 days) of a heavily processed item.

Grocery prices rose 1.1% last month, while the cost of eating out was up 0.8%, the largest monthly gain in 40 years.

MSNBC – Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday.

The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate.

On a monthly basis, the CPI increased 0.9% against the 0.6% estimate. (read more)

Nov 10 2021

Biden Administration Responds To Injunction Blocking Vaccine Mandate


Posted originally on Rumble by Newsy  Published November 9, 2021 4,189 Views

Rumble — The administration says there is no reason to put a stop to the mandate, even while legal challenges against it have been filed in 27 states.