Here We Go, White House Warns of Extraordinarily Elevated Inflation Data to Be Released Tomorrow


Posted originally on the conservative tree house on April 11, 2022 | Sundance

She did it again. Just like in February, when Psaki (seemingly out of the blue) gave a weird proactive statement about bad economic data that was going to be released the following day {LINK}. Earlier this afternoon White House spokesperson Jen Psaki gives another proactive justification for even worse inflation data that is about to be released from the Bureau of Labor and Statistics tomorrow.

In this brief soundbite, Psaki says the March inflation data that is going to be released tomorrow is going to show “Putin’s price hikes” on U.S. consumers.  However, even within the framework of her false justification, she attempts to blame Putin for gas price increases in January, when the Russian military operations did not start until February 24th.  The inflation news is going to be really bad tomorrow. How bad?  WATCH:

None of this will come as a surprise to CTH readers.  We noted in the February inflation data (released in March), that things were going to be much worse in the April release.  The reason was simple, the massive gas price increases were not yet matriculated in the February data, and the massive food inflation was not yet captured by the USDA component. All of that preceded Russia’s invasion of Ukraine.  None of it has anything to do with Vladimir Putin.

The inflation data that will be released tomorrow is the first visible data assembly of the second inflation wave now upon us.  Remember, inflation data lags behind the reality of the price increases. What the BLS will show tomorrow is the price results from the last half of Feb through the half of the month of March.  It will likely show the largest single month inflation increase in modern history.

How bad is the data going to be?

FLASHBACK TO February:  “In my estimation, the massive price increases the bureau quantified through January were the end of the first wave of massive inflation that CTH warned about last October.

“Do what you can do now to start preparing your weekly budget in ways you may not have thought about before.   Shop sales, use coupons, look for discounts and products that can be reformulated into multiple meals or multiple uses.   Shelf-stable food products that can be muti-purposed with proteins is a good start. Consider purchasing the raw materials for cleaning products and reformulate them yourself to avoid these massive increases in petroleum costs.” [October Warning]

The recent announcement of price increases we have discussed, from food producers specifically (Kraft-Heinz, Proctor and Gamble, etc.), in combination with massive fertilizer and farming costs for future yield, is the second wave that has yet to be fully quantified.  The second wave of retail inflation, only just beginning to arrive now in the February results, will extend throughout the spring.

Next month, March data reported in April, the second wave of inflation data should carry the first big jumps in gas and diesel prices.  For ordinary people, this next round of food inflation will be focused predominantly in the ‘Fresh Foods‘ categories.  Fresh produce, vegetables and fruits have short life cycles, and rapid increases in transportation costs hit that segment fast and hard.

On the positive side, our victory gardens are going up in value, very quickly.   A few backyard growing boxes can generate an easy $200 to $500/month in fresh produce as the price of ordinary row crops at the store starts to double and triple.  Mature citrus trees are worth their weight in gold right now.

The BLS data was collected at about the time of the red arrow in this graphic below (Feb 10 to 15).  You can see where the gas price goes from the point at which the inflation data was collected.  That 30% spike is what will roll-up into next month’s inflation data. (Written from the March data)

Why Zelensky is a Neo-Nazi & a Jewish FRAUD


Armstrong Economics Blog/Ukraine Re-Posted Apr 11, 2022 by Martin Armstrong

There have been some people who assumed that Zelensky is Jewish and therefore he cannot possibly be a Neo-Nazi. Many in Israel are deeply disturbed by his claims to be Jewish when he married a non-Jew and his children are baptized in the Russian Orthodox Church he wants now banned. Zelensky before the war would not comment about being Jewish for he was certainly not a practicing Jew. He would not comment on being a Jew before his election.

Many are comparing Zelensky to George Soros who is also a non-practicing Jew who even helped the Nazis seize Jews, send them to the death camps, and confiscated their property. He also admitted he did not believe in God. Soros has been behind funding Zelensky who played a TV role of a comedian becoming president and they put money behind him to turn that role into reality. Those who think Zelensky cannot possibly be a Neo-Nazi fail to look at the facts and assume the Nazis were only exterminating Jews.

Since the war, Zelensky has been playing the Jewish card to get money from Israel and to try to pretend he is not a Neo-Nazi which means a “new” version of Nazism that believes still in ethnic cleansing, but their targets are Russians, not Jews. When it comes to the total number of deaths one person is responsible for, Hitler actually comes third after Stalin and Mao, but if we include revolutions, then Karl Marx is responsible for over 200 million. This seems to be the goal of the World Economic Forum to rise to the top of the list to also reduce the population so Bill Gates can sleep at night.

The Jewish community of Mariupol in Ukraine dates to the mid-19th century. The roughly 10,000 Jews were living in the city in 1941 and were nearly exterminated by the Ukrainian Nazis. Many of the Ukrainian Jews who did not move to Israel, moved to the Donbas where Russians were never part of the Holocaust. Zelensky’s civil war against the Donbas has led to at least 1.4 million Donbas residents being displaced, and at least 75,000 fled to Russia (2019-05-UNHCR-UKRAINE-Operational-Update-FINAL). Zelensky will say anything for money. He addressed the Israeli government and pretended that Ukraine is fighting for its life comparing it to the Holocaust. Many have found this to be a real disgrace.

First of all, making such a statement that Zelensky cannot be a Neo-Nazi demonstrates that they really have listened only to the propaganda about Hitler and the Jews. Hitler was engaged in eugenics and that was NOT confined to the Jews. While the overwhelming account of the Nazis was their extermination of the Jews, they were not the only people targeted. The German Nazis also engaged in the genocide of European Roma (Gypsies). He also dragged invalid World War I soldiers from their beds and exterminated them for they were a burden on the state to support.

The Ukrainian Nazis were on board with the German Nazis and were also engaged in this ethnic cleansing but they targeted Jews, Polish, and Russians. I strongly urge you to watch Oliver Stone’s documentary Ukraine on Fire which covers the Ukrainian Nazi movement. The US never prosecuted the Ukrainian Nazis for the slaughter of countless Jews, Polish, and Russians because they were also killing Russians. Hence, in the old story, their enemy is my friend. Only the Germans were prosecuted for their acts against the Jews at Nuremberg – no Ukrainians.

The Bottomline is that I believe Zelensky is a FRAUD and rejected being a Jew but uses that for-profit now. Zelensky is playing the Jewish card for the money and to pretend he is somehow not a Neo-Nazi yet today the Ukrainian Neo-Nazis are not about killing Jews – only Russians and if they happen to be Jewish that is no exception.  In 1959 Ukraine had 840,000 Jews, a decrease of almost 70% from 1941 totals (within Ukraine’s current borders). Post-1991 and the collapse of the Soviet Union, the majority of the Jews who remained in Ukraine in 1989 left the country migrating to Israel but Zelensky abandoned Judaism and remained. Antisemitic graffiti and violence against Jews had remained a problem in Ukraine. It is no wonder why he abandoned being a Jew, married a non-Jew, and baptized his children. Now he is a Jew to the pretend he is not a Neo-Nazi out to hate Russians?


Jesse Edberg in an article titled ‘Zelensky is Not a Jewish Hero’ in the Times of Israel wrote:

It seems like Jewish organizations cannot bend over backward fast enough to praise Ukrainian President Volodymyr Zelenskyy, who happens to be Jewish, as the Jewish hero of our time. While there is surely something admirable in leading a country through a staling invasion by an economic third-world country, I don’t see Zelenskyy as this generation’s Jewish hero, or any Jewish hero at all.

I don’t see the Jewish heroism in serving a foreign power and foreign interests. I don’t see the Jewish heroism in intermarrying. I don’t see the Jewish heroism in Baptizing one’s children. I don’t see the Jewish heroism in consistently voting against Israel in openly antisemitic, targeted UN resolutions. I don’t see the Jewish heroism in allyship with neo-Nazis. I don’t see the Jewish heroism in Holocaust trivialization, distortion, and denial.

Yes, Volodymyr Zelenskyy does not behave in the way one would expect a Jewish hero to behave. He married a non-Jewish woman named Olena in 2003 and Baptized their children in a Russian Orthodox Church. He openly celebrates such holidays as “the Day of Christianization of Kievan Rus-Ukraine,” a holiday marking the establishment of Christianity as the official region of Kievan Rus in 987, and, by all accounts, religiously identifies as a Christian, not a Jew.

Since taking office in 2019, Zelenskyy has maintained a firm anti-Israel stance, specifically on the UN floor. In 2020 alone, Ukraine voted for several UNRWA-affirming UN resolutions, voted in favor of condemning Israeli “occupation” of Judea and Samaria, Israeli “occupation” of Jerusalem, and Israeli “occupation” of “the occupied Syrian Golan.” For the resolution to launch a formal UN investigation into suggested Israeli “human rights abuses,” suggesting Israel as an apartheid, perhaps even a genocidal power, Zelenskyy’s Ukraine was kind enough to abstain.

The way Zelenskyy entered the office is equally disqualifying towards his proposed status as a Jewish hero. In Ukraine, a country rife with antisemitism historically and today, Zelenskyy needed all the help he could get to get elected. He got this help largely from Ukrainian neo-Nazis and their allies, like political kingmaker Arsten Avakov, willing to compromise to present a united front against Russia. Even today, Zelenskyy continues to pay homage to his coalition, donning the Nazi Iron Cross in interviews and speeches and praise of Ukrainian Nazi and Holocaust collaborator Stepan Bandera.

Categories: Ukraine

California Republicans Aim to Make Theft Illegal


Armstrong Economics Blog/Crime Re-Posted Apr 11, 2022 by Martin Armstrong

In 2014, California basically decriminalized theft by permitting shoplifters to take what they please, as long as it was under $950. Prop 47, the Safe Neighborhoods and Schools Act, emboldened criminals to do as they please with no repercussions as they cannot be prosecuted for a felony charge. California does not aggregate robberies, so a criminal could target a store multiple times per week with limited repercussions as long as each robbery yielded under $950.

Republican lawmakers have introduced AB 1599 which would repeal most of Prop 47 and “make crime illegal again.” Republican Assembly member Kevin Kiley, an author of AB 1599, said, “[Prop 47] has essentially legalized theft and open drug use in California, culminating in these unbelievable smash-and-grab robberies.”

Smash and grab robberies have become an organized crime by low-level criminals. “You have people that will go into department stores and they’ll actually have a calculator on them,” Kiley said. “They’ll add up the value of what they’re stealing because they know as long as it’s under $950, they might as well wave at the security camera on the way out. They know there’s going to be no consequence for that.”

Rachel Michelin, president and CEO of California Retailers Association (CRA), noted that San Francisco and Oakland alone have lost $3.6 billion annually to organized retail crime. The National Retail Federation places estimates losses from organized crime at around 0.07% of total sales and believes the CRA is overestimating. Regardless, this is a preventable loss. Governor Gavin Newsom would need to approve of the measure, but has been consistent on his light on crime stance. Newsom has ignored pleas to crackdown on shoplifting, and simply told struggling store owners to use other existing laws to prosecute thieves. Independent store owners would be wise to leave California as the laws in place only protect criminals who have abused Prop 47.

Black Lives Matter Leaders Spend Charitable Donations on Lavish Lifestyles


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

Black Lives Matter (BLM) has become a money-laundering operation. The problematic organization used a catchy slogan to spread hate while the people in charge became millionaires. It recently came to light that the group purchased a mansion in Los Angeles for $6 million in October 2020 with charitable donations. Dyane Pascall, a BLM member with close ties to co-founder Patrisse Cullors, purchased the mansion in cash before transferring the deed to the Black Lives Matter Global Network Foundation days later.

Pascall simply stated, “I don’t owe you an explanation,” when questioned about the illegal transaction. “This home is not just a home — it’s, like, four structures,” Pascall told the Washington Examiner. “It’s a film studio, sound stage, commercial space, office space. It’s a campus. It’s got 20 parking spaces so people can come and work. It’s not a home per se. It’s an actual campus space for people to work from.” The 6,500 square foot mansion boasts six bedrooms and room for over 20 cars. Is that not a red flag?

Worsening matters, some news agencies are reporting that Dyane Pascall purchased the nearly $6 million mansion days after another BLM member purchased it for nearly half the price. This is not the only mansion that the organization owns under the tax-exempt status that was provided to them in December of 2020. Interesting that self-proclaimed Socialists would be interested in high-end luxury real estate. But as with all Socialists, the problem becomes when they run out of other people’s money.

BLM has become untouchable because people are afraid to be labeled racist. In reality, BLM has caused more harm than good for their own community. Since the left is desperate for voters, they have pandered to this organization and turned a blind eye to the blatant crime. BLM burned down shops and toppled police cars, yet there was never an investigation, and the protests were permitted to continue. The money that was supposed to help uplift those who they believe are systematically oppressed was instead used to make the founders multi-millionaires. California threatened to sue the organization for failing to report its finances, and Amazon removed the organization from its AmazonSmile charity program. The Department of Justice needs to investigate, and the donors should be outraged. Politicians such as Joe Biden and Justin Trudeau needed the BLM organization to create a racial divide and secure the minority vote instead of actually implementing policies that would help their cause.

Climate Change the Tool of Control


Armstrong Economics Blog/Uncategorized Re-Posted Apr 10, 2022 by Martin Armstrong

QUESTION: Dear Martin,
After reading many of your blog posts, there appears to be one question you might not have answered. Do the elitists who are trying to control the world truly believe climate change cycles are not natural, but instead are caused by humans? It would seem that any climate theory that doesn’t explain the coming and going of ice ages which our history books told us happened, is an incomplete theory.

H

ANSWER: I think anyone with 10% of a brain can’t believe this climate change is caused by CO2. The climate has always changed and they use data that starts only in 1850 to argue this is all fossil fuels. CO2 is also generated by burning wood and the pollution from diesel and wood is the type that you feel. I lived in London during the 1980s and the buses were all diesel. You had to hold your breath when walking by.

The first clean air act was passed in 535AD by Emperor Justinian I who proclaimed the importance of clean air as a birthright. “By the law of nature these things are common to mankind—the air, running water, the sea.”

See: https://twitter.com/GooseMumma/status/1512323263011119105

People are easily manipulated and those with a fully functioning brain are horrified by the stupidity of people who were told to hate Trump who now refuses to admit that Biden is a disaster because they would be compelled to acknowledge their own malleability to those who still wear masks even driving alone and rushed out to get every vaccine and booster possible. Now they are all about freedom, democracy, and anti-Russia so just kill them all because that is again what they are told.

I do not think that world leaders are that stupid. They are using this climate change for their own agenda. Even Obama and Bull Gates both bought houses on the beach and Obama has now bought a private island in the Caribbean. Hm. So much for their belief in rising sea levels and civilization.

This is all about control – we, the great unwashed. There is absolutely no way the world will end because of CO2 in 7 years. That is absolute nonsense to create fear and obedience. The climate has always changed – it is NEVER the same. Civilization expands during warming periods and it collapses during cold periods. France has had the coldest April since 1947. Yet Macron vows to “get France out of oil, gas, and coal” while Paris is freezing and needs heat. I woke up this morning to 50 degrees here in Florida. Obviously, we have way too many climate change zealots coming to Florida holding Séances for global cooling to save the planet.

Maybe Gates is correct – we just need to thin the herd of all stupidity before we can get our human rights back.

Pakistan – Conspiracy or Revolution?


Armstrong Economics Blog/Conspiracy Re-Posted Apr 10, 2022 by Martin Armstrong

The drama playing out in Pakistan is interesting, to say the least. Pakistan’s Prime Minister Imran Khan has been ousted from power after losing a no-confidence vote in his leadership. However, what makes this interesting is that he has previously said he would not recognize an opposition government. Khan has accused that there has been a US-led conspiracy to overthrow him because of his refusal to stand with Washington on issues against Russia and China.

Khan has repeatedly said that Pakistan’s opposition parties are working with foreign powers. He has not been alone in this allegation for members of his party (PTI) also left the building just ahead of the vote, insisting that this has been an international conspiracy. Of course, then the US has said there is “no truth” in these allegations. But certainly, they would never admit to anything anyhow.

The economic crisis in Pakistan is without question grounds for a revolution without a foreign conspiracy.  Khan’s government has been dismissing the no-confidence move against him that began on March 8th, 2022 – which came amid the country’s mounting economic crisis – as a “foreign conspiracy”.  To put this in context, in an unprecedented move on April 3, Pakistan Prime Minister Imran Khan dissolved the General Assembly. Then on April 7, the Supreme Court ruled against Khan and restored the Parliament for a no-confidence vote. Then on April 10th, they moved to oust Kahn from power.

Soaring inflation, devaluation of the currency as the dollar has risen from 152 to 188 since April, massive external debt, and corruption have been the real motivation behind the political chaos. What Kahn has called a foreign conspiracy is not entirely without merit, but it has not been directed at him alone.

Biden’s pledge to end fossil fuels set in motion the rise in energy prices on a global scale. Then he imposed the most draconian sanctions against Russia and has destroyed the world economy showing that now even the SWIFT system has lost all integrity. In fact, Putin has come out and warned that the BRIC countries must now establish their own alternative to SWIFT only further demonstrating what Biden has done is destroyed the world economy.

The soaring energy prices are indeed creating political havoc around the globe and this political uprising in Pakistan is indeed a foreign conspiracy better known as the Great Reset trying to force the entire world GREEN without any alternative in place. The foreign conspiracy is NOT some CIA plot to oust Khan. It is a disastrous scheme for climate change that these people have no idea what they are unleashing upon the entire world. These poorer countries cannot survive with energy prices soaring and incomes that were simply a hand-to-mouth economy. This is WHAT our computer has been showing that we are headed into outright global war and an economic catastrophe that these elitists who think that they can force the world all GREEN in a matter of a few years. This is unleashing worldwide civil unrest on a scale that is unprecedented in human history.

Biden Schedules Meeting With India Prime Minister to “Discuss” Russian Trade and Sanction Compliance


Posted originally on the conservative tree house on April 10, 2022 | sundance 

Against the backdrop of increased Russia-India trade {link}, and the BRICS discussions about new trade payment mechanisms to avoid being shackled to the dollar {link}, it would appear the people behind the White House operation to create/maintain conflict with Russia are scheduling a stern conversation with India’s Prime Minister Narendra Modi.

WHITE HOUSE – ” President Joseph R. Biden, Jr. will meet virtually with Prime Minister Narendra Modi of India on Monday, April 11 to further deepen ties between our governments, economies, and our people. President Biden and Prime Minister Modi will discuss cooperation on a range of issues.” …

“President Biden will continue our close consultations on the consequences of Russia’s brutal war against Ukraine and mitigating its destabilizing impact on global food supply and commodity markets.” (read more)

The message from the White House will likely be akin to: ‘Nice country of 1.5 billion hungry people you got there Modi.  With all this talk of global famine going around, it’d be a shame if you couldn’t feed them.’ Oh, and by the way, did you happen to catch what just rolled out in Pakistan?  Imagine that – what with common borders and such… 

For those unfamiliar, it appears the DoS/CIA were up to their old tricks again, because Pakistan was favorable to the position of China and Russia in the Ukraine conflict and would not take sides with NATO and western allied leaders.

Pakistani Prime Minister Imran Khan was ousted through a majority parliamentary no-confidence vote early Sunday, that smells identical to the way Obama/Biden DoS/CIA ousted Egyptian President Hosni Mubarak.

(VOA) – […] Khan is the first prime minister to be ousted by a no-confidence vote in Pakistan, but no democratically elected prime minister has served a full five-year term since the founding of the country in 1947.

The repeatedly delayed no-confidence vote against Khan was held after the country’s Supreme Court ruled last week he had acted unconstitutionally when he previously blocked the no-confidence vote, and subsequently dissolved parliament.

The embattled Pakistani leader had defended his blocking of the vote, alleging that the no-confidence motion was the result of the United States meddling in his country’s politics.

Washington rejected the charges, saying there was “no truth” to them. (read more)

Western media is full of (pro-western) spin on the background of the Pakistani issues, but regional media see exactly how the DoS/CIA operate with their lucrative intelligence bribes to ISI officials in Pakistan.   That’s the same m.o. the CIA used in Egypt – paying the Muslim Brotherhood and giving them resources to remove Mubarak.   The coincidences are too coincidental to be coincidental.

(VIA ABC) – […] Khan has claimed the U.S. worked behind the scenes to bring him down, purportedly because of Washington’s displeasure over his independent foreign policy choices, which often favor China and Russia. He has occasionally defied America and stridently criticized America’s post 9/11 war on terror. Khan said America was deeply disturbed by his visit to Russia and his meeting with Russian President Vladimir Putin on Feb. 24, the start of the devastating war in Ukraine.  The U.S. State Department has denied his allegations. (more)

India and Pakistan have long been in conflict with each other.  The U.S. has always exploited this conflict as leverage in both countries, using intelligence and DoS operatives in Pakistan (major bribes), and using diplomatic/geopolitical and economic pressure in India.

That painful history of political extortion stopping is why India was so excited to have President Donald Trump in office.

President Trump spoke frankly to the Pakistani government about his expectations to stop supporting extremism (Taliban) in Afghanistan, and simultaneously Trump was honest and earnest with India using trade agreements that benefitted both the U.S. and India through his Indo-Pacific framework. {Go Deep – The Trump Doctrine}

Now, Biden turns back to leverage Modi by saying we’ve got the club back in charge and our tools ready in Pakistan.  If Modi keeps supporting Russia, suddenly the U.S. might provide discounted weapons and enhanced capabilities to Pakistan.  Nudge-Nudge, Wink-Wink….  Say no more.

I hate how the Fourth Branch of Government operates.

Americans in general are in an abusive and forced codependency relationship with our own government.  Unfortunately, most do not see it.

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...”I’ve had a great relationship with the Indians. In Delaware, the largest growth in population is Indian-Americans moving from India. You cannot go to a 7-Eleven or a Dunkin’ Donuts unless you have a slight Indian accent. I’m not joking.” ~ Racist Joe

Sunday Talks, Fauci Warns of Potential Return of Indoor Mask Mandate


Posted originally on the conservative tree house on April 10, 2022

Appearing on ABC’s This Week to give his opinion on the current status of COVID-19, White House medical advisor Anthony Fauci warns the CDC may soon revert back to an indoor mask mandate.  This is additionally troublesome, because many people now define themselves by COVID-19.

There are many people who can only identify with other like-minded people fearful of COVID.  WATCH:

There are a significant portion of the American public who worship at the altar of COVID theatrics.  For them getting booster shots, following the CDC orders and participating in the mask theatrics is a profoundly religious experience that defines who they are in the modern world of pandemic fear.

Observing the behaviors of mask promoters, is almost like watching a livestream of unstable political expression.  It truly is one of the most bizarre new realities. Many of the Branch Covidians become mentally and emotionally unstable when they experience contact with a non-mask-wearing person.

Even after all of the ‘scientific evidence’ that shows masks provide no substantive benefit or lowering of infection risk, there are a great many people who cannot fathom not wearing one for the remainder of their lives.  The psychological training from two years of massively promoted COVID fear and the drumbeat of worry, has left a large portion of the American people in a permanent state of profound instability.

It is unnerving to realize how many people can be influenced to believe in something that lacks any logic or reason.  I’m not sure how long, if ever, this tear in the social fabric will last or take to repair.  Many of these COVID consequences have divided people permanently.  The full interview is below.

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Latest CBS Poll Reflects No Hope for Anyone, Including Joe Biden and Democrats


Posted originally on the conservative tree house on April 10, 2022 | sundance

CBS has released their latest YouGov Poll [DATA HERE], again showing the top priorities of the American people are not even on the radar of the American government.  The DC beltway disconnect is stark.

Interestingly, the recent survey of Pennsylvania voters done by Reuters, turned up this almost identical priority list, only Rusia/Ukraine did not even appear in the top five.  The economy, inflation, gas prices, crime and immigration are the top five issues across the board, in almost every poll.

Russia/Ukraine is a non-existent issue. Yet, that is the actionable priority -with questionable importance for U.S. security interests- for a totally out of touch government and media to focus on.  Sending $14 billion to help Ukraine’s border fight, while our borders are crushed with illegal aliens, is a sharp stick in the eye for every American.

Unfortunately, our opinion doesn’t matter, and frustratingly, the people using Biden as a tool to achieve their goals do not have any concern whatsoever about political fallout.  Biden is a disposable tool for a program of rapid single-term advancement of the democrat-communist agenda.

Under ordinary circumstances, this level of disapproval would automatically create panic and start a change in policy.  However, under their current program, a kamikaze mission to create maximum ‘fundamental change’, the people creating the policy outcomes simply don’t care.  Biden is a disposable tool to be thrown on the trash heap of history.

Joe Biden is clueless and entirely irrelevant to the objective.  He sits around eating pudding and muttering to himself until called upon to head to the stage set, and literally read what has been written for him.  Biden has no clue, other than, (a) he is in complete agreement with the goals, and (b) it takes a lot of pancakes to fill a canoe.  I swear, the puppet masters keep putting little girls in his orbit during public appearances just to laugh about it.

These people are sick.

(CBS) Higher prices are leading people to say they’re making cutbacks, especially on more discretionary items like entertainment and travel. (That may, of course, have a wider impact on the economy later.) About half are cutting back on food and groceries, and this is especially the case among those with lower incomes. (read more)

Ya think?

Cleveland Fed Chair Outlines Reasons Monetary Policy Cannot Lower Inflation When Energy Policy Is in Control


Posted originally on the conservative tree house on April 10, 2022 | sundance 

Loretta Mester, the president and CEO of the Federal Reserve Bank of Cleveland, appears on CBS Face the Nation to discuss inflation, the economy and monetary policy.  Ms Mester is in a tough place, because she cannot admit the influence of federal monetary policy is far outmatched in the era where Joe Biden energy policy is limiting oil and gas development and creating massive inflation.

Mester does admit the supply chain crisis will extend well into 2023, but blows hopeful unicorn wishes by projecting that price inflation will temper by the end of this year.  From the perspective that 20 to 50% price increases on critical goods (housing, food, fuel, energy) are unsustainable in repeated cycles, she is correct; the rate of inflation will lower. However, that’s only because the baseline prices will have increased so high the rate of increase measure falls.  WATCH:

A $4 item that gains a $2 increase holds a 50% rate of inflation.  The next year that $6 item again has a $2 increase, but the rate of inflation drops to 33%.  The price increase is the same, but the rate of inflation drops.  That’s what is going to happen in the second half of this year.  FUBAR

The White House is doing this on purpose in order to chase their ideological dreams of sustainable energy and climate change.  Energy prices underline the entire economy, because oil and gas prices touch everything.  Insofar as they continue the war against coal, oil and gasoline, there’s nothing monetary policy can do to combat inflation.  The Fed must however, pretend not to know things.