Armstrong Economics Blog/Armstrong in the Media Re-Posted May 28, 2022 by Martin Armstrong
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Category U. S. Deep State
UDSA Raises Food Price Forecast to Highest Level in 42 Years, Third Wave of U.S. Food Inflation Will Dwarf Prior Price Increases
Posted originally on the conservative tree house on May 27, 2022 | Sundance
Have you ever seen egg prices at $1 per egg range, or $12/doz? Hold on a few months and perhaps you will. That is the context for the scale of food price increases the USDA is now starting to predict. The highest predicted change in food costs in well over 40 years, that’s the USDA warning in their revised May “Food Price Outlook”. [DATA HERE]
This month the USDA just re-re-revised the forward price outlook, and things are grim. It likely doesn’t come as a surprise to many CTH readers because we have been discussing the convergence of events since October of 2021, when we first were able to predict Wave-1 (Dec/Jan), and Wave-2 (March/Apr) inflation. However, the underlying data for Wave-3 is double the prior two phases.
Keep in mind the data is national & skewed toward low estimations as represented by (+).
When the USDA predicts egg prices increasing by 19.5 to 20.5% (from where those prices are now), there will be regions with much higher retail increases than estimated.
Just two months ago, USDA had egg inflation at 2.5%-3.5% range, year over year. Again, that’s the scale of change; from a 3.5% forward outlook to a 20.5% forward outlook effective right now.
Food at home (grocery store) prices: up 7% to 8% in this monthly review, versus the April outlook of a rise of 5% to 6%. That means the USDA is predicting the highest grocery store price rise since 1980 when prices rose 8.1% (prices rose 7.2% in 1981). There is no reason to think the USDA forecast will not rise again in June.
[Click graphic to expand – Data Set Here]
If you have not taken food price stability seriously before now, please take proactive measures to secure your family. We are talking about future retail food prices that were simply unfathomable last year.
You know how much prices at the supermarket have increased in the last six months. Double that, and there’s your estimation for food prices later this fall.
Behind all the datasets, statistics, BEA, BLS, USDA and analysis of these things, there are real people living paycheck-to-paycheck that are likely to be in serious food insecurity position for the first time in their lives.
I’m not talking about poor people, I’m talking about solid upper middle-class working families with kids who are already being hit hard by gasoline, energy, housing and grocery store increases. Another twenty percent increase in food costs can easily become a crisis.
The core issue is this snowball of production costs inside the field to fork supply chain. Diesel prices, fertilizer prices, energy prices, seed and feed prices, all of it has doubled and tripled in less than a year.
Add in transportation and distribution costs that have doubled, and all of that cumulative impact is going to flow through the food supply chain from the field to the processor (wholesaler), and into the supermarket. Fresh foods, especially in the produce section, will catch many people off guard.
Not all news associated with this is bad news. As you read this you have information that allows you to take control and be proactive. YOU will not be part of the national population that is stunned in September and October. YOU know what is coming. With that in mind, do what you can today, tomorrow, this week, to be proactive and offset the impact. Taking action reduces stress.
Perhaps shop proactively for your holiday shelf stable food items now. Look at the circulars and on-line for coupons, not for then – but for use now. Perhaps learn to make some of the foods you would normally purchase already prepared. Small proactive seeds, kept in mind while carrying on day-to-day life.
I know from reading comments that many of you have planted ‘victory gardens’ this year. Those harvests are worth 50% more now they were three months ago. That’s the way to look at it. Every amount of saving matters…. and yes, grandma carefully washed the aluminum foil and reused it for a reason.
President Trump Delivers Remarks During NRA Convention
Posted originally on the conservative tree house on May 27, 2022 | Sundance
President Trump speaks today at the NRA Institute for Legislative Action Leadership Forum. Other speakers include Gov. Greg Abbott, State Sens. Ted Cruz and John Cornyn. Against the backdrop of the Uvalde school shooting, those who seek to eliminate the second amendment are targeting the NRA convention in Texas. President Trump remarks ongoing at 6:00pm ET.
RSBN Rumble Link – RSBN YouTube Link Video Prompted:
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Texas DPS Admit it was Wrong Decision Not to Confront Active School Shooter
Posted originally on the conservative tree house on May 27, 2022 | Sundance
Earlier today, during a press conference the Director of Texas DPS, Steven McCraw, admitted the obvious. It was the “wrong decision” for responding police officers not to go into the Uvalde school classroom where the active shooting suspect was located. The decision to wait was made by the local police chief. WATCH:
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Full Press Conference Below.
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Jury Deliberating in Michael Sussmann Trial, Judge Cooper Proactively Announces Will Not Read the Verdict Until Tuesday
Posted originally on the conservative tree house on May 27, 2022 | Sundance
Closing arguments have wrapped up in the trial of former Clinton campaign lawyer Michael Sussmann. The jury is now deliberating. In an unusual twist, trial Judge Christopher Cooper said if a verdict arrives today, he will withhold reading the outcome until Tuesday due to prior commitments.
Despite the evidence that Michael Sussmann lied to FBI officials about the reason for him bringing the Clinton campaign manufactured false information about a Trump-Russia connection via Alfa-Bank in Trump Tower, it is highly unlikely Sussmann will be found guilty. The reason is simply that regardless of whether he told FBI officials the material came from Hillary Clinton’s campaign; the FBI knew Sussmann was an operative of Hillary Clinton’s campaign. It’s an issue of materiality.
Top leadership at the FBI concealed Sussmann as the Alfa-Bank source from the FBI investigators who were given the information. Whether Sussmann lied about bringing the false evidence on behalf of the Clinton campaign was immaterial to how the evidence was handled. Again, as CTH has said for the past two years, the background of Durham investigating the ‘outsiders’ is filled with pretending. Even Andrew McCarthy, a defender of the institutions, outlined the FBI playing pretend as a “bad look.”
The New York Post has a solid article outlining all the pretending – “What we learned at the trial this week is that, notwithstanding Baker’s insistence that he believed Sussmann’s cover story, FBI headquarters officials fully realized they were acting on highly political information and took steps to conceal that fact.
First, a decision was made to treat Sussmann, the source, as a confidential informant. This was not done to protect Sussmann’s security. It was done to protect the FBI’s reputation. The informant pretext enabled headquarters to conceal Sussmann’s identity from the line agents in Chicago who were tasked to assess the Alfa-Bank information.
As good investigators, the agents wanted to know the source of the information so they could assess the purveyor’s motive and thus the data’s likely reliability. They were frustrated and annoyed that headquarters would not identify the source and allow him to be interviewed.
If they had been told Sussmann was behind the data, they would instantly have known that the information was political. As it was, they quickly concluded that the information was nonsense, that it did not come close to establishing a Trump-Kremlin communications channel, and that it probably came from someone with an anti-Trump agenda.
Second, the headquarters effort to cover up Sussmann’s identity reached such absurd heights that the FBI itself made false statements in documenting the investigation. In the “electronic communication” by which the bureau opens cases, agents claimed that the information had come not from Sussmann, not even from a confidential source, but from … wait for it … the US Department of Justice. This was so ridiculous that, embarrassingly, none of the agents involved could explain how that happened.
Third, the FBI’s brass was so hot to nail Trump for supposedly being a clandestine agent of Russia that the line agents’ rejection of the evidence made no difference. “People on the 7th floor to include the Director are fired up about this server,” said headquarters agent Joe Pientka in a message to one of the Chicago agents.
The 7th floor houses the suite of top executive offices at FBI headquarters, including that of Director Comey. When the Chicago cyber investigators found no basis for criminal charges, they were told to keep the case open as a counterintelligence matter. “Priestap says it’s not an option — we must do it,” admonished Pientka, referring to the bureau’s top counterintelligence official. (read more)
The NY Post reaches the same conclusion CTH highlighted years ago. “In fact, if Sussmann is acquitted, that will have a lot more to do with the bureau’s machinations than Sussmann’s innocence,” they write.
The DOJ, FBI and everyone associated with the information knew they were receiving opposition research from the Clinton campaign. However, the FBI had to pretend they didn’t know in order to use the false information to start another Trump investigation.
The media were then told by the Clinton campaign that the FBI had the Alfa-Bank material under investigation, that FBI involvement gave the illusion of credibility. The media then asked the FBI if they did have an investigation of the material and wrote their articles accordingly.
The media articles carried additional weight because the suspicions existing connected to actual material within an FBI investigation gave the suspicions more credibility.
This is the exact same reason why several months later, March 2017, the Senate Select Committee on Intelligence (SSCI), Vice-Chairman Mark Warner, told the SSCI security director James Wolfe to leak Carter Page FISA application to journalist Ali Watkins. Same approach as Sussmann.
In 2016 Michael Sussmann wanted media articles verifying Donald Trump as an investigative target of the FBI to help Hillary Clinton.
In 2017 Mark Warner wanted media articles verifying Donald Trump’s campaign officials as investigative targets of the FBI to get a special counsel appointed.
In both examples the primary motive was to use the media to get an outcome.
Michael Sussmann was the delivery agent to the FBI so that the Perkins Coie law firm to lean on their media allies to spread the Trump-Russia collusion conspiracy. Sussmann had a pre-existing relationship with FBI Counsel Jim Baker that would be useful for that purpose. Hence, the origin of the contact that was argued in court.
It was the media angle that was more important to the Clinton campaign; the FBI angle was only to bolster the credibility of the Trump-Russia accusation, and the FBI were more than willing to use the material and try to help Hillary Clinton.
The entire media system knew along with everyone else inside and outside of government, that their efforts to create the Trump-Russia conspiracy and collusion narrative were based on fraudulent pretext manufactured by the Clinton campaign.
They all knew it.
They all acted collaboratively, and they all engaged purposefully.
The same can be said for the Mueller/Weissmann investigation that followed. There was not a single person in Washington DC who did not know the Mueller special counsel was appointed entirely to hide all of the preceding government corruption. However, as typical within the last decade of DC corruption, everyone keeps pretending.
From the claim of men having babies, to denying the entire apparatus of the U.S. government weaponized to target a political opponent, we are a nation pretending.
Authorities Investigating Retired Federal Agent Having Contact with Buffalo Shooter Before Attack
Posted originally on the conservative tree house on May 27, 2022 | Sundance
In a disturbing twist to the Buffalo supermarket shooting that left ten people dead and three more wounded, a report is now surfacing that at least one retired federal agent was in contact with the shooter during his planning and was sent a message of intent 30 minutes before the attack began.
New York – Law enforcement officers are investigating whether a retired federal agent had about 30 minutes advance notice of a white supremacist’s plans to murder Black people at a Buffalo supermarket, two law enforcement officials told The Buffalo News.
Authorities believe the former agent – believed to be from Texas – was one of at least six individuals who regularly communicated with accused gunman Payton Gendron in an online chat room where racist hatred was discussed, the two officials said.
The two law enforcement sources with direct knowledge of the investigation stated these individuals were invited by Gendron to read about his mass shooting plans and the target location about 30 minutes before Gendron killed 10 people at Tops Markets on Jefferson Avenue on May 14. (read more)
Having already announced that the shooting is considered a ‘racist attack‘ by a defined ‘white supremacist’, if this story is accurate, it appears the FBI [*ahem*] is looking at the group the shooter was in contact with to see if they could be charged as accomplices in the killing.
Bill Gates Shares His Plan for the Next Pandemic w/ Trevor Noah | DM CLIPS | Rubin Report
Posted originally on the The Rubin Report Published on May 24, 2022
Dave Rubin of “The Rubin Report” shares a clip of Bill Gates talking to Trevor Noah on “The Daily Show” about his ideas for a new global group to be in place for the next pandemic. Was Bill Gates ever elected to be in charge of public health?
The Incredible Transition
Armstrong Economics Blog/Energy Re-Posted May 27, 2022 by Martin Armstrong
According to politicians around the world, the Great Unwashed plebians should be grateful for the energy crisis. President Joe Biden recently declared that America is undergoing an “incredible transition” and we must suffer in order to reap the benefits. “Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,” Biden said.
I have explained that the Biden Administration deliberately ruined America’s ability to be energy independent. Biden sparked the energy crisis on his first day in office when he canceled the Keystone XL pipeline and removed various gas permits. The keyword in Biden’s statement is “when,” as no one knows when this transition will take place as there are NO viable large-scale alternatives to oil.
“It’s Incredible for you!” Senator Ted Cruz clarified, “You fly a damn 747 where the taxpayers pay for your jet fuel. What Joe Biden is saying is, if you at home, if you drive a pickup truck, ‘to hell with you; you can’t drive your pickup truck. If you have a Suburban, you’ve got to get rid of that. We’re all getting Toyota Priuses.’”
Biden had the audacity to claim he kept the energy crisis “from getting worse – and it’s bad.” This comes as the nationwide gas average reaches $4.59, but it has surpassed $8.00 in many locations. You will own nothing, not even an electric vehicle, and be happy. Realize that the “pain at the pump” is a deliberate attempt to push the Great Reset and climate change agendas.
Imagine the Compliance – Microchips are Coming
Armstrong Economics Blog/Corruption Re-Posted May 27, 2022 by Martin Armstrong
The self-proclaimed elites have gathered in Switzerland at the World Economic Forum (WEF). One of the newest ideas is a microchip in pill form. No, this is not a conspiracy theory. The president of Pfizer spoke publicly about a pill that would dissolve in the stomach and send an immediate signal to all storing your data that you complied and took the pill. “Imagine the implications of that – the compliance!” Pfizer CEO Albert Bourla daydreamed.
The WEF crowd has publicly shared their ideas to build a total surveillance system and microchip human beings to gain ultimate control. “Once you can hack something, you can also engineer it,” Yuri Harari, Schwab’s top mouthpiece, said in 2018.
No major media outlet has called out these dystopian plans for total control, and any mention of the topic will result in an instant ban from all social media platforms. Microchips are NOT a conspiracy theory; rather, it is a plan that they are currently devising and will implement once the opportunity presents itself. Do not comply.
Biden’s Approval Rating Drops to New Low
Armstrong Economics Blog/Politics Re-Posted May 27, 2022 by Martin Armstrong
Amid soaring inflation and a declining quality of overall life, Americans are beginning to wake up and realize that the current administration is on the wrong track. Joe Biden’s approval rating fell to 39% — a new low. The Associated Press-NORC Center for Public Research found that only 2 in 10 Americans believe the US is on the right track. Republicans and Democrats both agree that the current administration is failing the people. Only 33% of Democrats believe the country is on the right path, marking a sharp downturn from the 49% rating in April. The multitude of distractions from Ukraine to Roe v. Wade is not helping the Democrats’ bid for the upcoming midterms.
Centinel2012 