From Saudi Arabia Joe Biden Pledges to Keep Pushing Green New Deal, “I am Going to Use Every Power I Have”


Posted originally on the conservative tree house on July 15, 2022 | Sundance

During his press conference from Saudi Arabia, the installed occupant of the White House was asked about the possibility that congress will not pass the $500 billion spending proposal to continue the radical transformation of the American energy sector. [Transcript]

Q On the issue of climate, Joe Manchin obviously made significant news right now, which appears to be torpedoing what was one of your biggest priorities as it relates to energy and to climate back at home. Your message to those Americans right now who are looking for that relief that would have a wide impact as it affects the climate and energy specifically?

Joe Biden: “I am not going away. I’m going to use every power I have as President to continue to fulfill my pledge to move toward dealing with global warming.”  Thank you very much.” [link]

Put another way, “you will eventually eat the bugs.”

As previously noted, regardless of how much chaos, crisis and hardship they create, the collective western government leaders are not going to stop pushing their Build Back Better climate change agenda.  These are committed ideologues.  They are united in their objective and not a single politician is willing to see the catastrophic damage they are creating.

We the citizens of the ‘western democracies’ are in an abusive relationship with our own governments’.  The yellow vests in France, the MAGA movement in the U.S., the Australian labor unions, the Canadian Truckers and now the Dutch farmers are the unstable tremors for global political shifts.

They all followed the same pandemic spending instructions from the World Economic Forum, and western leaders have shown absolutely no desire to pull back and listen to the people as they move forward with their Build Back Better energy programs. Quite the opposite is happening.

Collectively those same leaders are charging head strong into their Build Back Better agenda, regardless of what that does to the global economy.

The collective sanctions placed against Russia are being used as a shield for the inflation created by their energy policy.   Everyone is feeling the supply-side inflation from Europe to the United States.  Additionally, their “climate change’ agenda and energy policies are creating economic turmoil, and now food insecurity

Their energy programs are creating massive global inflation.  That inflation is building up frustration like a pressure cooker.   People are growing increasingly desperate, and now the absence of food stability, a direct result of their collective attack on oil, coal and natural gas, could seriously change things.  They are standing atop a powder keg they call “the great reset.”

The looming shortage of food could be the pressure point that fractures the tectonic political plates.

Pete Buttigieg Admits High Gas Prices are Intentionally Part of the Biden Strategy to Push People to Electric Vehicles


Posted originally on the conservative tree house on July 15, 2022 | Sundance 

Transportation Secretary Pete Buttigieg, a cabinet ideologue with zero experience in business or transportation, appears in the news admitted the high price of gasoline is part of the Biden energy agenda to push people into purchasing electric vehicles.  You’ll have a higher car payment, but you won’t pay for gasoline.  WATCH:

Biden Fist-Bumps Crown Prince Mohammed bin Salman During Greeting in Saudi Arabia


Posted originally on the conservative tree house on July 15, 2022 | Sundance

After calling Crown Prince Mohammed bin Salman (aka MbS) a “pariah” for killing CIA operative Jamal Khashoggi, a Qatar-based Brotherhood member who was working under the CIA cover of a Washington Post press credential, Joe Biden now greets MbS in Saudi Arabia with a fist-bump.  WATCH: 

It is pretty clear from the way Biden was prepping for the introduction, that a fist-bump was agreed between both teams.

Wells Fargo Proactively Cuts Profit in Half to Save Funds for Predicted Loan Losses


Posted originally on the conservative tree house on July 15, 2022 | Sundance

This shouldn’t come as a surprise.  Most banks and financial institutions are being very careful right now as they prepare for the consequences of consumers running out of money.  All banks are securing reserve accounts in anticipation of defaults increasing.

July 15 (Reuters) – Wells Fargo & Co said on Friday its second-quarter profit nearly halved as the bank set aside more funds to cover potential loan losses, while its mortgage lending business came under pressure from higher interest rates.

The fourth-largest U.S. bank reported profit of $3.1 billion, or 74 cents per share, compared with $6 billion, or $1.38 per share, a year earlier. Its total loan loss provisions were $580 million in the quarter, including a $235 million increase due to loan growth.

Under an accounting standard that took effect in 2020, banks must factor the economic outlook into loan loss reserves. Last year, the bank had released $1.6 billion from its reserves for loan losses as the economy rebounded from the pandemic.

Wells Fargo Chief Financial Officer Mike Santomassimo told reporters that retail and business customers remain strong, but the bank is prepared for a potential economic downturn.  “Things will probably get worse, but that’s already included in the overall scenario analysis and the allowance level we have for the quarter,” Santomassimo said.

[…] Big bank executives have sounded cautious so far this earnings season, with JPMorgan Chase & Co’s Chief Executive Jamie Dimon likening the macroeconomic environment to a coming “storm.” (read more)

Cunning Senator Manchin Tricks West Virginia Voters, Senator Stalls $500 Billion Green New Deal Energy Legislation, Democrats Demand Removal from Chair of Energy Committee


Posted originally on the conservative tree house on July 15, 2022 | Sundance 

Joe Manchin didn’t completely torpedo the $500 billion in Green New Deal climate change spending, but he did stall it for a month saying he would not support the climate change spending until he sees July’s inflation numbers in August, which should be a warning.

If you think carefully about it, it’s a classic Manchin head-fake.  The July and August inflation numbers, to be released in August and September respectively, are almost guaranteed to be lower than June.

July/Aug are the two months we are in right now where inflation is hitting a plateau.  Gasoline prices are dropping due to a drop in demand. This is the period before prices start rising again in September and October when the energy farming costs start to roll out with the next harvest.

Senator Manchin isn’t stupid; in fact, he is quite Machiavellian, he knows this… thus, his position.

Manchin can give the illusion of prudence, but he knows the July inflation rate will show a decrease for two reasons.

First, in the month-to-month comparison, July will not carry the same scale of gasoline and energy increases as June.  Second, in the year-over-year comparison, July ’22 will be comparing to July 2021 when prices already started skyrocketing.  Bottom line, July inflation will give the illusion of dropping, which gives Manchin a shield to support the spending…. and he will.

WASHINGTON DC – Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs, or try to negotiate a larger bill in September that includes climate and tax reform with no guarantee it will pass.

The West Virginia Democrat said Friday that he wants to see another month of inflation numbers before considering legislation that might increase taxes on some higher-income Americans and plow hundreds of billionsof dollars into the energy sector. On Thursday Manchin “unequivocally” rejected July or August approval of Democrats’ proposed energy investments and tax increases in a meeting with Senate Majority Leader Chuck Schumer, according to a person briefed on the meeting.

[…] Democrats are reeling after Manchin’s communication to Schumer indicated that climate change and tax provisions are unworkable for any party-line bill considered this summer. Fury is building within the party, with Sen. Martin Heinrich (D-N.M.) questioning whether Manchin should continue to chair the Senate’s Energy committee.

[…] Manchin had sought to shave down an energy package originally set at more than $500 billion to $300 billion or less. He balked privately at sending money to the EV industry and the Direct Payment program. (Read More)

While you won’t see a single MSM analyst, financial pundit or mainstream political commentator point out what Manchin is doing, his strategy is cunning.

Right now, conservatives are calling Manchin a hero for blocking the GND spending while progressives attack him.  This gives the impression that he is a centrist, above the fray, and wise in his outlooks toward the economy and budgeting.   However, it’s a ruse.  Joe Manchin knows, just like you do, that the next inflation report will be much lower.  He is positioning to support the climate change spending in September.

Watch.

Bookmark this.

The scheming strategery of Joe Manchin is as predictable as the scheming strategery of Mitch McConnell.

The two wings of the UniParty duck seem still on the surface.  This type of ploy is exactly how DC is able to operate, paddling forward furiously, just below the surface; and almost no one can see what is happening.

Once you see the strings on the political marionettes, you can never return to that moment in the performance when you did not see them.  However, because too few people see them, almost everyone congregates in the lobby during the mid-term intermission asking, “hey, when did Texas become dependent on windmills?

Obama Lashes Out at Former White House Physician for Questioning Biden’s Mental Health


Armstrong Economics Blog/Politics Re-Posted Jul 15, 2022 by Martin Armstrong

Rep. Ronny Jackson, R-Texas, a former White House physician under the Biden Administration, was reprimanded by former President Obama for admitting that everyone has been questioning Joe Biden’s mental health for years. “Holding the Line: A Lifetime of Defending Democracy and American Values,” a memoir penned by Jackson, discusses the conversations he had concerning the then vice president’s deteriorating mental state.

Biden was on TV again, making crazy statements and concerning mental gaffes; he didn’t know what state he was in or what office he was campaigning for,” Jackson noted in reference to his 2020 campaign. “He apparently thought at one point that he was running for the Senate and later couldn’t remember what state he was campaigning in. This had been going on for months and was getting worse.”

Jackson also happens to be the same physician who forced Donald Trump to undergo a cognitive test, which he passed. The media was constantly criticizing Trump for mistakes and he willingly took the cognitive test to put the public at ease.

In the letter posted above, Obama expresses his disappointment at “the cheap shot” Jackson took at Joe Biden. He did not, however, claim that the statements Jackson made were untrue. It is almost impossible to ignore the missteps of President Biden at this point in time, and America has become the laughing stock of the world for putting a senile old man in charge. The Democrats clearly knew that Biden was mentally unfit to run for president but elected him anyway. This man possesses the nuclear codes, executive order powers, and the ability to catapult this country into the Dark Ages.

Freedom Convoy Organizer Tamara Lich’s Bail Revoked 


Armstrong Economics Blog/Canada Re-Posted Jul 14, 2022 by Martin Armstrong

Tamara Lich was one of the Canadian Freedom Convoy organizers. She made a cryptic video in February stating that the Canadian government hunting her down. Lich asked protestors to remain peaceful and said that she knew “this too shall pass.” It has not.

Lich remains jailed in Ottawa since defying the government by demanding an end to vaccine mandates. Justice of the peace Paul Harris recently revoked Lich’s bail by stating she violated the conditions of release by attending a gala in Toronto where she was presented with an award for her liberation efforts. “Ms. Lich is not prepared to follow court orders and is prepared to do whatever she feels like doing,” the judge stated. Her lawyer was present at the gala, but since she was photographed with another organizer, the Canadian government has deemed her a threat.

Tamara’s charges: mischief, counseling mischief, obstructing police, counseling to obstruct police, counseling intimidation, and intimidation by blocking and obstructing one or more highways. She has no prior record and did not commit any violent acts.

Tamara Lich is being held as a political prisoner for defying vaccine mandates and garnering more support from Canadians than Trudeau could ever hope to receive. Trudeau wants her to be an example for any dissenters, similar to how Biden is treating the January 6 suspects. Western nations are overtly arresting anyone who does not comply with their agenda and this type of situation has been normalized.

Two Weeks After Anthony Fauci Finally Agreed No Further Testing on Beagles, Virginia Humane Society Trying to Find Homes for 4,000 Animal Test Beagles


Posted originally on the conservative tree house on July 15, 2022 | sundance 

The Humane Society of Virginia is trying to find homes for 4.000 beagles, exactly two weeks after NIAID Director Anthony Fauci told congress he would no longer use beagles for allergy testing.

These two stories seem connected.

July 5, 2022 – Under fire from foes of federal animal testing, the agency headed by COVID-19 czar Anthony Fauci has canceled a plan to start new tests of allergy medicine on beagles, some as young as 6 months.

In a letter to Sen. Joni Ernst (R-IA) and promoted by the White Coat Waste Project, Fauci said that instead of dogs, the new hay fever drug will be tested on rodents.

“Although the contract to Inimmune Corporation proposed the use of murine and canine preclinical animal models, after consultation with the U.S. Food and Drug Administration, the company elected to proceed using two rodent models only,” wrote Fauci, the director of the National Institute of Allergy and Infectious Diseases. “No experiments utilizing the canine model are being conducted under this contract.”

[…] The letter was a big victory for Ernst and the animal rights group, which had started a popular hashtag campaign against the testing: #BeagleGate. (read more)

Yesterday, this next story surfaced:

July 15, 2022 – CUMBERLAND, Va. — The Humane Society of the United States says it is working fast to transfer thousands of dogs bred for medical research from a facility in Virginia.

On Wednesday, the Humane Society said that over the course of 60 days, they’d be transporting around 4,000 beagles in stages to shelters nationwide so they could be adopted. (read more)

4,000 beagles?

Good grief, is that the scale of Anthony Fauci’s beagle abuse?

Suspicious Beagle is, well, suspicious….

Two More Gone, The Prime Minister of Estonia and the Prime Minister of Italy Tender Their Resignations


Posted originally on the conservative tree house on July 14, 2022 | sundance 

British Prime Minister Boris Johnson resigned.  Days later, former Japanese Prime Minister Shinzo Abe was assassinated. A few days passed and both the President and Prime Minister of Sri Lanka, resigned and fled the country.  Today, with their ruling governments in a state of turmoil, Estonian Prime Minister Kaja Kallas and Italian Prime Minister Mario Draghi have both tendered their resignations.

The collapse of each of these national leaders is not necessarily connected; however, the global political system is reverberating with tremors directly connected to the post-pandemic economic turmoil.  It would be naïve not to see these governing issues as consequences.  The legitimacy of the governing class is slipping; perhaps it would be fair to say, some have ‘lost’ their legitimacy altogether.

Estonia is part of the EU and a member of NATO:

HELSINKI — Estonia’s president on Thursday asked Prime Minister Kaja Kallas to form a new government after she tendered the resignation of her one-party minority Cabinet, ending a more than month-long political stalemate in the Baltic nation.

President Alar Karis said in a tweet after meeting with Kallas that “I signed the resignation request of Prime Minister @kajakallas but also asked her to form a new government which could start working quickly and deal with all important issues of Estonian life.”

Estonia’s government crisis culminated in early June as Kallas, leader of the ruling center-right Reform Party, kicked out the left-leaning Center Party from the two-party coalition. The parties had substantial differences over spending and welfare policies amid increasing Estonian household costs because of high inflation. (more)

Italy is a member of the G7, a part of the EU and a member of NATO:

ROME — Italian Premier Mario Draghi offered to step down Thursday after a populist coalition partner refused to vote for a key bill in Parliament, but the nation’s president quickly rebuffed him, leaving one of Western Europe’s main leaders at the helm for now.

The rejection of the tendered resignation left in limbo the future of Draghi’s 17-month-old government, officially known as a national unity coalition, but with its survival sorely tested by increasingly sharp divergences within the coalition.

Draghi’s broad coalition government — which includes parties from the right, the left, the center and the populist 5-Star Movement — was designed to help Italy recover from the coronavirus pandemic. (read more)

The parliamentary coalitions are fracturing.  New alliances are being formed.  One recent example that stunned everyone in the EU was the far-right and far-left in the French parliament joining forces to defeat the coalition government of Emmanuel Macron as he tried, and failed, to extend emergency COVID rules.

FRANCE – It was the first bill in the new legislature, and the Assemblée Nationale has already embarrassed the government. On Tuesday night, the Assemblée rejected one of the key articles in the bill on Covid-19 aimed at extending certain measures for the fight against the pandemic.

During the debate, the coalition backing President Emmanuel Macron was outvoted several times by parts of the left-wing Nouvelle Union Populaire, Ecologique et Sociale (NUPES), the right-wing Les Républicains (LR) and the far-right Rassemblement National (RN). But the government, represented by Health Minister François Braun, adopted what was left of the bill at 1:45 am, which the help LR votes and Socialist abstentions. (more)

The COVID rules in France are set to expire on July 31st. The first parliamentary goal for President Macron was to extend the COVID emergency and keep his powers.  However, the legislative effort was rejected by 219 votes to 195, destroying the goals of Macron.  Both populist groups joined forces to defeat the Macron coalition.

Yes, amid all of the economic damage created by western leaders and their Build Back Better efforts, the geopolitical world is having spasms as the rulers are being rejected by the ruled.

In the parliamentary systems, the voices of the angry people are rising up. Those shouts are entering the halls of government through the direct representatives closest to the people.  The ruling coalitions are no longer able to hold together as the people demand change.   That is the connective tissue behind these resignations and departures.

Western government leaders like Joe Biden, Justin Trudeau, Emmanuel Macron, Boris Johnson and Jacinda Ardern have the audacity to stand atop a two-year mountain of unilateral fiats, rules, regulations and mandates and then decry “autocracy” and threats to the “global order.”    All of them have destroyed their own legitimacy by pretending to represent western democracy while carrying out two years of totalitarian power.

As the AP tried to spin it:

[…] “A poll conducted last year by The Associated Press-NORC Center for Public Affairs Research found that just 16% of Americans say democracy is working well or extremely well. Another 38% said it’s working only somewhat well.

Other surveys reveal how many people in the United States now doubt the mediapoliticiansscience and even each other.

The distrust has gone so deep that even groups that seem ideologically aligned are questioning each others’ motives and intentions. (more)

We the citizens of the ‘western democracies’ are in an abusive relationship with our own governments’.  The yellow vests in France, the MAGA movement in the U.S., the Australian labor unions, the Canadian Truckers and now the Dutch farmers are the precursor tremors for seismic political shifts.

They all followed the same instructions from the World Economic Forum, and western leaders have shown absolutely no desire to pull back and listen to the people.  Quite the opposite is happening.

Collectively those same leaders are charging head strong into their Build Back Better agenda, regardless of what that does to the global economy.  The collective sanctions placed against Russia are being felt as increased inflation by the citizens of Europe and the United States.  Their “climate change’ agenda and energy policies are creating economic turmoil and now food insecurity

Inflation pressure has built up like a pressure cooker.   People are growing increasingly desperate, and now the absence of food stability will change things.

The looming shortage of food could be the pressure point that fractures the tectonic political plates.

The Biden Economy is So Bad, Even His Gatekeepers Now Admit Biden Has Broken All Records for Bad Economic Outlooks


Posted originally on the conservative tree house on July 14, 2022 | sundance

CNBC is the Biden defense team for media broadcasts of anything related to the economy.  As a result, you know things are bad when CNBC broadcasts that Joe Biden’s economy has the highest level of dissatisfaction in the history of their surveys.

Steve Liesman was given the task again to share the horrible results. WATCH: