During a speech filled with obfuscation, nonsense and economic doublespeak, Joe Biden turned to discuss the federal deficit. During his remarks in Chicago Biden called President Donald J Trump “The Great MAGA King,” as if that would be a bad thing… lol. WATCH:
We’ve gone from Deplorable, to MAGA, to Ultra MAGA and now The GREAT MAGA.
We shall celebrate our latest elevation with the dance of The Great MAGA King below:
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Senate Democrats wanted to manufacture a political optic using the hot button issue of abortion. The senate pushed a bill for a massive expansion of abortion, far beyond Roe -v- Wade, to the floor. However, the bill needed 60 votes to pass cloture, end debate.
Embarrassingly, and in a pure political stunt, Senate Majority Leader Chuck Schumer summoned Kamala Harris to the upper chamber in the event she was needed for a “tie-breaking” vote. However, cloture requires 60 votes, not 50, so the optics of Harris only highlighted the insufferable politics.
The cloture vote failed 49-51, far short of the 60 votes needed to end debate and attempt to pass the bill. Democrat Senator Joe Manchin voted with republicans to block the cloture effort. The federal abortion legislation now disappears back into the filing cabinet from which it came.
WASHINGTON – […] In a 49-51 vote, the Senate rejected the Democratic legislation, with Sen. Joe Manchin (D-W.Va.) and all Republicans voting against the measure. While the outcome was no surprise and mirrored a similar vote on abortion protections the Senate took in February, Majority Leader Chuck Schumer suggested the court’s draft opinion, published by POLITICO last week, had raised the stakes.
“Today’s vote is one of the most consequential we will take in decades because for the first time in 50 years, a conservative majority, an extreme majority on the Supreme Court, is on the brink of declaring that women do not have freedom over their own bodies,” Schumer said in a floor speech Wednesday morning, adding that the decision “will live in infamy.” (read more)
According to Manchin’s earlier statement, “Democrats are “trying to make people believe that this is the same thing as codifying Roe v. Wade. And I want you to know, it’s not,” he argued, referring to the bill’s ban on some state restrictions on the procedure currently allowed. “This is not the same. It expands abortion.”
Kamala Harris has a sad moment in the Senate, created by Chuck Schumer {Direct Rumble Link} WATCH:
The next Democrat and Lincoln Project presidential candidate for ¹2024, Joe Manchin, questions Defense Intel Agency (DIA) Director Lt. Gen. Scott Berrier and Director of National Intelligence (DNI) Avril Haines about whether Ukraine can actually win the current war with Russia. It’s an interesting exchange because none of the DeceptiCon senators will usually approach the issue.
Lt General Scott Berrier (DIA) says [00:56], “that is a difficult predication to make. I think where the [DIA assessment] is at is a prolonged stalemate should no factor change on either side. In other words, the Russians continue to do what they’re doing, and we continue to do what we are doing for the Ukranians.” Read that emphasis carefully.
What Berrier is saying is affirming we are in a direct proxy war. So long as the United States remains the essential fighting force behind the Ukrainian military, they can achieve a stalemate. However, if the United States withdraws support, Russia will win. DIA Berrier is saying directly the U.S. can only achieve a stalemate in Ukraine. WATCH:
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Manchin was not being misogynistic in not asking Haines that question. Remember, the ODNI is only supposed to be faced internally into the United States security and intelligence operations. ODNI Avril Haines is a political operative from the Obama administration, specifically implanted into the Office of the Director of National Intelligence, because that specific element of the intelligence apparatus only looks inward into the U.S. citizenry for threats against government.
Please emphasize this point when needed. The ODNI does not evaluate national security issues abroad. The Patriot Act created the ODNI to set up a threat radar that only looks internally. We The People are the threat the office of the ODNI was created to evaluate. Emphasize that as needed.
¹If the mid-term 2022 ends up being a wipe out for the leftist communists in the Biden administration, Joe Manchin will be their 2024 candidate.
The Bureau of Labor Statistics (BLS) released the inflation data from April today [DATA HERE] showing 0.3% increased inflation in April and a continued 8.3% ‘sticky’ inflation year-over-year.
CTH is going to say something slightly unusual, this data is actually worse than expected. The hidden canary in the mine is within this BLS sentence which shows in the statistics, “the index for gasoline fell 6.1 percent over the month, offsetting increases in the indexes for natural gas and electricity.” Remember, these are backwards reflections of price captured in early/mid-April.
The actual price of gasoline dropped 1% in April during the timeframe captured. Yes, there was an actual 18 days in April when gasoline prices moderated and slightly ticked down; however, those prices immediately jumped again late April through today.
Because the BLS puts a 5x weight on the importance of gas [Table A], the 1% temporary drop in gasoline led to 6.1% downward “seasonally adjusted” price pressure.
All of that said, and with the heavy weighting of the gasoline prices considered, the net inflation results barely moved from March (8.5%) to April (8.3%). I modified Table-A to take out the noise. You can see the downward pressure from gasoline and simultaneously the upward price pressure from food, specifically food at home.
This outcome is a reflection of what we have been seeing in the supermarkets and grocery stores.
The Joe Biden $1.9 trillion COVID spending package that created $1,400 checks for all Americans, was passed in March 2021. That massive infusion of cash took place in April of 2021. We are just now cycling through the year-over-year comparisons when that artificial economic stimulus took place.
The 2021 demand side inflation took off immediately after that massive spending spree. It was May, June and July of 2021 when the cash infusion and $1,400 checks drove demand side inflation. Starting next month, we cycle through that period in year-over-year comparisons.
As we have noted for a few months and has been quantified in the drop of overall first quarter GDP, the demand inflation is over. Most of the current inflation is being driven by producer price inflation, the cost to make and produce things.
The demand for goods and services is low (stagnant), but the prices to create goods and the costs of services remains high (inflation). Put those two dynamics together and you have “stagflation,” our current economic status.
The production inflation is directly connected to the cost of energy. Energy prices are embedded in every sector of the economy. Higher electricity, heating/cooling and petroleum costs (packaging, materials, transportation, etc) are unavoidable and passed on to consumers. Individuals and companies who provide services raise their prices to compensate for increases in their own costs. It is a cumulative inflation snowball.
I modified Table 1 to take out the noise (see below). You can see how production inflation continues to be the problem, even as the demand for the products and services declines. You can also see the weighting factor for gasoline overall and how it skews the overall inflation data.
Year-over-year inflation will statistically begin to give the appearance of moderation, once the June (’21) to June (’22) comparison cycle arrives. The Fed and White House will use the intentionally timed statistical outcome to claim inflation is diminishing. It’s a political trick we expected.
The key to remember is that western government debt incurred during COVID-19 is the problem. The debt incurred is unsustainable, and that debt burden can only be reduced by devaluing the currency. Inflation is the devaluing of currency that makes the debt manageable. Dollars that are worth less also make the dollar-based debt worth less.
From the position of the government inflation is good, it makes the debt burden less heavy. Unfortunately, that same inflation makes our money worth less, and our wages are chewed up by higher prices. Wages are destroyed by the increased prices the prior spending created.
• Inflation on durable goods is now at/near the apex. The durable goods price flatlines right now as all production costs are embedded in the cost of the product. The prices of finished goods are now set; inflation has caught up to production; the prices of on-shelf and inbound deliveries are higher, but stable. Production inflation is built in, prices will not drop. However, depending on origination, transportation costs may still increase the end price of finished goods as they transfer to the consumer market.
Now, we enter the phase where consumer demand becomes the dominant factor in price. Simultaneously, demand is contracting because the higher rate of inflation in highly consumable goods (energy, utility costs, housing, gasoline, food) is now a spending priority for consumers and eating a larger portion of wages. As a result, the price of durable goods is now dependent on the ability of the consumer to pay for them.
Sellers of durable goods are going to be chasing a smaller customer base who can afford the higher prices. Durable goods prices will remain static, and now durable goods prices will likely become part of the competitive equation. The businesses within the durable goods sector are going to have to find customers in order to stay in business. Incentives will show up this summer as businesses need customers. If you are a wise, careful and smart shopper for durable goods you will find some modest deals.
• Inflation on consumable goods is not yet at the apex. It’s likely close to production parity, but price pressures are still volatile in the upward direction. The price of gasoline and transportation overall will be a big factor in current prices of highly consumable goods. We should see oil, gas and energy prices stabilize first.
Rents will likely increase for another three to six months, then stabilize (and, in my opinion start to fall).
Housing overall is far more challenging as mortgage rates are climbing. Refinancing as a method to bridge the income gap between wages and expenses is a big problem now in this phase. There is going to be a period of massive fluctuations and instability in the housing market depending on region and employment stability as the recession phase of the total economy is going to bite hard.
For most regions with mixed blend underlying economies (products and services) macro housing prices have peaked. For ordinary housing purchases, not institutional investments, we should start to see price decreases again as the customer base for higher prices shrink. Obviously, this is driven by inventory and regional specifics; however, I am talking in the aggregate within the macro housing situation.
Food prices still have some upward pressures through Memorial Day. Then a period of stability will settle, before the third wave of food inflation hits later in the summer/fall of this year; that’s when the increases in farming costs will reach the fork.
Late summer and fall food prices will likely be 15 to 20 percent higher than current prices at the supermarket. The fresh foods will be on the upper side of the future price wave, and the processed foods on the lower end; however, both will increase.
The last factors in the food price are far more challenging to predict…. Supply? Any problems within the food production cycle that impacts supply will drive prices, beyond what we already expect. If there are major shortages, the prices will go even higher.
This food environment is unfortunately the best time for Big Agriculture, the Wall Street multinationals, to make the most profit. The Big Ag multinationals will exploit every possible angle within inventory, supply and harvest controls to maximize their profit equation.
There are a great deal of unknown global variables right now that could impact U.S. food prices later this year. The only certainty is that prices will further increase.
Joe Biden sucks.
Airlines are playing Russian roulette with passengers’ lives after numerous pilots experienced heart attacks, which is believed to be a direct result of the vaccine mandate.
American Airlines Captain Robert Snow was flying an Airbus 231 carrying 200 passengers. An otherwise healthy Snow experienced a sudden heart attack six minutes after landing. Snow said he dreamed of teaching his daughter to fly one day but will likely never fly again.
The US Freedom Flyers are a group of volunteers within the transportation sector fighting to end vaccine mandates. They are warning the government that a tragedy could be on the horizon due to the FAA initially mandating vaccines under Biden’s guidance. The group would like all vaccinated pilots to receive medical clearance through EKGs and MRIs to rule out blood clotting issues. Once a pilot loses their FAA medical clearance, their career is over.
United Airlines even issued a “pilot incapacitation” manual and urged pilots and co-pilots to report incidents. As it stands, pilots are not permitted to fly for 48 hours after receiving the vaccine. However, the side effects could occur much later, and no one is seriously investigating why pilots are falling ill. “It’s as simple as standing up and saying NO! When we join together, we are an unstoppable force,” the US Freedom Flyers said.
Dr. Fauci was asked about the issue last October. “ I’m sure there is a very, very, very, very rare exception, but the long-term effects are really essentially nonexistent,” Fauci claimed. “Getting COVID is far, far worse than getting vaccinated for absolutely certain.”
QUESTION: Hi Martin,
I work on defense issues for my job, but I am no Neocon. Second Strike works just fine too or more likely “Launch Under Attack” (LUA), and even with older weapons. Everybody goes down together and most likely via miscalculation especially given possible Nuclear Winter which given Volcano data actually looks plausible. No prior intention is required to commit National suicide. Read Admiral Richards (STRATCOM) latest Congressional testimony yesterday. A “Crisis In Nuclear Deterrence” and it could be the Brits who initiate any escalation and not the U.S.by the way. Same Trident-D-5 SLBM’s and Russia could not tell them apart.
There are some Neocons who are aware of your work like Bill Kristol, and others. They will never allow the shift from West to East to occur. I have actually heard some of them say that. It is their hold card. By the way, could you clarify when you believe the full-scale war will break out? You have suggested Q-1 2023, 2024 (especially May 7/8 ECM turn), after 2024, 2027, and 2028. I understand it may escalate in stages, but how long does Socrates believe we have before it goes full scale? My guess is June 2024 as Economic factors are ignored by “The Post Cold Warriors”.
Best,
Ken.
COMMENT: Marty, you are right again. Admiral Richard agreed with you that nuclear arms are no longer a deterrent to war. The Ukraine conflict shows Russia was not afraid of nuclear weapons from NATO or the US. It is all economics.
Thanks for what you do.
KM
ANSWER: I know virtually every intelligence agency looks at Socrates. They all want to know the forecasts of Socrates, for it’s not my personal opinion. All I can hope to do is scream loud enough that perhaps I can reduce the amplitude of events. But Socrates has NEVER been wrong on any geopolitical forecast in my lifetime. Personally, we all have opinions. But that will also change week to week based on events. That’s why personal opinion will not cut it, for this is far more complex than we can even speculate.
I really do not care what the Neocons do. They will never prevent the shift of the economic power from the West to the East. China has surpassed Europe, and it is neck and neck with the USA now. This is a cycle that cannot be defeated. All they are doing is fulfilling the cycle with this nonsense. World peace is created by interdependency, as was the case with the Roman Empire and the Pax Romanum, Roman peace.
I am doing a full report on the question. Tensions are rising post-2020 after they got Biden in office. We will see escalation begin in 2023, but the prospect of a world war is more likely post-2024. I question if Putin will be there during that time more than Biden. Putin will be followed by even hardline advocates, for they are well aware that this Proxy War is really a war between the USA and Russia.
Yes, the head of U.S. Strategic Command Adm. Charles Richard, who does oversee the nuclear arsenal, warned Congress that the USA faces a heightened nuclear deterrence risk when it comes to Russia and China. The cutting of the defense budget and even Biden’s threat to dishonorably discharge any member of the military who was not vaccinated has shown that the US thinks it can control the world with the threat of nuclear weapons while reducing the conventional capability.
Adm. Richard warned: “We are facing a crisis deterrence dynamic right now that we have only seen a few times in our nation’s history.” He continued stating bluntly: “The war in Ukraine and China’s nuclear trajectory — their strategic breakout — demonstrates that we have a deterrence and assurance gap based on the threat of limited nuclear employment.” He further warned that China is “watching the war in Ukraine closely and will likely use nuclear coercion to their advantage in the future. Their intent is to achieve the military capability to reunify Taiwan by 2027 if not sooner.”
Nuclear weapons are no longer a deterrent. They did not stop the US from going into Iraq, the Vietnamese War, or this one in Ukraine. The idea that building nuclear capability will somehow compel world peace is a delusion. This is essentially what Admiral Richard has scolded Congress about. The US conventionally is not a match for Russia and China. North Korea alone has an army of 1.5 million. That is double the size of both sides in Ukraine right now.
CNN conducted another poll to evaluate voter trends [pdf data here]. The results show a significant drop in American opinion of the economy with 77% rating the current status as “poor,” and 23% saying it’s “good.” Additionally, 66% of people polled disapprove of the way Biden is handling the economy.
As CNN painfully noted: “Even within the Democratic Party, just 7 in 10 approve of Biden on the economy (71%) and helping the middle class (71%), considerably lower than the 86% of Democrats who approve of his performance overall. Fewer than half of Democrats say Biden has improved the nation’s economic standing (45%), down from 58% in December.” (article link)
In the video discussion, CNN Political Director David Chalian is just gobsmacked, stunned and amazed that 63% of these people are saying they are buying fewer groceries because stuff is just too expensive. WATCH:
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Whenever voters put democrats in charge of the economy, it just sucks.
The republican senate leadership team held a press conference today announcing their support for the priority agenda of Joe Biden and the White House.
As Leader Mitch McConnell noted at the beginning of his remarks, “we all agree, the most important thing going on in the world right now is the war in Ukraine,” and with that statement McConnell announced he and Joe Biden have agreed to advance a massive package of $40 billion to pay the salaries and retirement benefits of the Ukrainian government.
Comrades, you must put aside any stress about how to afford groceries and still fill your gas tank, there are people in the government of Ukraine who need your tax dollars more. WATCH (45 seconds):
No gas money, no grocery money, no infant formula, no voting integrity…. Meh, no problem. We’ve got Ukrainians to support.
DECEPTICONS ♦ Senate Republican Leader: Senator Mitch McConnell♦ Assistant Minority Leader: Senator John Thune♦ Conference Chairman: Senator John Barrasso♦ Senate Republican Conference Vice Chairman: Senator Joni Ernst♦ Senate Republican Policy Committee Chairman Roy Blunt♦ National Republican Senatorial Committee Chairman Rick Scott♦ Corporate Public Relations Firm, Fox News
During a Q&A session at the Financial Times Future of the Car summit, a small-minded man of dubious connection to historical truth decided to make inquiries about Elon Musk’s perspective on Twitter. Specifically, whether the account of Donald Trump should be restored on the platform.
Elon Musk did not equivocate in advocating for the returned voice of Donald Trump; noting that banning speech from a platform does not mean ending that speech, it only drives that speech into another venue. The decision to perma-ban Donald Trump from Twitter was “morally wrong and flat out stupid.” WATCH:
Again, Musk did not equivocate, and that is an important element to consider when we evaluate the direction of his intent. Musk is aware that his position will draw extreme attacks from the moonbat wing of the political spectrum, yet he stands firm in the face of predictable adversity. I think we can all respect that, even if we disagree with Musk on nuances of his position toward other matters.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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