Category U. S. Ministry of Truth and democracy

Oct 26 2022

Bidenomics – Home Values Continue Dropping Quickly, Especially on West Coast – Meanwhile Rents Continue Increasing


Posted originally on the conservative tree house on October 25, 2022 | Sundance 

As inflation bites the working-class hard, U.S. household savings rates continue dropping fast.  When combined with drops in home values the loss in home equity compounds the issue.  American families are getting poorer much more quickly under Joe Biden’s economic policies.

According to the Wall Street Journal home values dropped in August at their highest monthly rate of decrease since 2011 {link}.  In part this is driven by higher mortgage rates which are pricing home buyers out of the market.  However, the regional impact is worse on the west coast than east or southeast.

[…] The housing market has slowed abruptly this year due to a rapid increase in mortgage rates, which has raised borrowing costs for home buyers and pushed many prospective buyers out of the market. Existing-home sales fell for eight straight months through September. (link)

As noted in The Daily Mail review of a similar analysis: “It’s Northern California that leads the way, with San Jose experiencing a drop of 10.8 percent since September, followed by San Francisco at 8.5 percent, then it’s Seattle at 8.2 percent, Denver at 5.8 percent, San Diego 5.2 percent, Portland 5.1 percent, Las Vegas 4.8 percent and Phoenix at 4.4 percent.” (link)

What we are seeing is a confluence of events, generally brought about by the outcomes of larger Biden administration policy.  Massive increases in energy costs are the result of energy policy; those increases are fueling inflation from the supply side on food, fuel, electricity, home heating etc.  Simultaneously, Fed monetary policy is driving consumer demand down.  The recession debate continues amid the economic think-tanks while Main Street outcomes show we have been in a recessionary period all year.

The majority of consumers have stopped purchasing nonessential goods and services. As a result, the only thing holding the economy together is employment.  Sooner or later, as the natural lags in the economy bite down, the lack of consumer spending (noted in increased inventories) is going to result in lay-offs and unemployment.  It’s almost a guarantee at this point once the boxcar impact of the prior supply chain shortages straightens out.

The third wave of food price increases is now here, and we are all likely starting to see those price increases in retail food stores.  Depending on how much higher energy prices go this winter (gasoline, natural gas, home heating oil etc.) the middle class will again be making tough checkbook decisions on spending.

On a MACRO level (nationwide averages) I would not be surprised to see home prices drop to where they were in the beginning of the second quarter of 2021.  Home sales have dropped quickly, and home inventories are now climbing.  Home buyers are now in the position to negotiate for much lower prices as fewer home buyers are in the market.

If you did not purchase a home in the past year, you likely have stable equity.  Depending on region, those who did purchase a home this year will have to wait quite a while before the price level returns.  Meanwhile rents continue increasing as middle-class workers are stuck between diminishing real wages (Biden inflation) and higher home borrowing costs (Biden monetary policy).

Oct 25 2022

The Genius Behind PayPal’s Bad Idea


Awaken With JP originally Published on Rumble on October 11, 2022 

https://rumble.com/embed/v1kwzk6/?pub=as0d9

Here’s how PayPal’s decision to fine users $2,500 for misinformation went down.

Oct 21 2022

CDC Votes Unanimously to Include Experimental COVID-19 Vaccine in Their Recommended Pediatric Immunization Schedule


Posted originally on the conservative tree house on October 20, 2022 | Sundance 

Unbelievable and infuriating at the same time.  The CDC voted unanimously today (15-0) to include the emergency use authorized mRNA vaccine as part of the childhood immunization schedule, effectively forcing most school aged children to undergo a COVID shot as part of the state requirement to attend school.

(Via Politico) The CDC’s independent vaccine advisers voted 15-0 Thursday to add most Covid-19 vaccines offered in the U.S. to the childhood, adolescent and adult immunization schedules.

The immunization schedules, which are updated every fall before going into effect the following year, consolidate all of the CDC’s vaccine recommendations in one document for states that use them as guidance for school entry requirements and busy physicians. The additions formalize recommendations the CDC has already made on Covid vaccination in individuals ages 6 months and older for shots that the FDA has approved or has authorized for emergency use.

Covid vaccines’ inclusion on the schedules don’t constitute mandates, particularly for schoolchildren, which are the purview of states, localities or jurisdictions, depending on local laws. Still, the committee’s vote sparked controversy and debate on social media about what the additions mean for vaccine requirements after Fox News’ Tucker Carlson asserted Tuesday that the CDC would trigger mandates for students.

“This doesn’t represent new recommendations. This represents sort of a summary of existing recommendations,” said advisory panel member Matthew Daley, a senior investigator at the Institute for Health Research at Kaiser Permanente Colorado. “But I will acknowledge … there is symbolism in adding Covid-19 to the childhood immunization schedule, and that symbolism is that we view this as routine and that we view this as Covid is here to stay.”

The FDA has approved two messenger-RNA vaccines targeting Covid: The Pfizer-BioNTech primary series vaccine for people 12 and older and the Moderna primary series for adults 18 and older. They’re each authorized for emergency use for children as young as 6 months, and all booster doses — including new formulations designed to target the original coronavirus strain and two Omicron subvariants — are authorized for emergency use. (read more)

Oct 17 2022

Elon Musk Revoking Ukrainian Aid


Armstrong Economics Blog/War Re-Posted Oct 17, 2022 by Martin Armstrong

Don’t bite the hand that feeds you. SpaceX founder Elon Musk came to Ukraine’s rescue when they lost access to the internet. Musk’s sent Ukraine 20,000 Starlink satellite units at the cost of $80 million. After Elon Musk posted a poll regarding allowing the Ukrainian people to vote on the matter of joining Russia and upholding the referendum, Ukrainian diplomat Andri Melnyk publicly tweeted, “Fuck off is my very diplomatic reply to you.”

So now, Elon is considering doing what Melnyk proposed. Musk was concerned about the cost of operations long before Melnyk’s insult. “We are not in a position to further donate terminals to Ukraine, or fund the existing terminals for an indefinite period of time,” SpaceX said in a letter to the White House dated September 8. The company was urging the Pentagon to fund the project, which they estimate will cost $120 million for the remainder of 2022 and $400 million for the next 12 months. Ukrainian General Valeriy Zaluzhnyi, meanwhile, is requesting 8,000 additional Starlink terminals.

Now Musk is considering back peddling and removing his funding to Ukraine. He stated that his company could no longer afford the costs to fund this endless war. When he received negative feedback online, he replied, “We’re just following the recommendation,” and replied directly to Andri Melnyk. This is what happens when you bite the hand that feeds you.

Oct 16 2022

Crimea


Armstrong Economics Blog/Ukraine Re-Posted Oct 16, 2022 by Martin Armstrong

Oct 14 2022

Kanye West – Can the Banks Cancel Someone?


Armstrong Economics Blog/Corruption Re-Posted Oct 14, 2022 by Martin Armstrong

Kanye West is a polarizing character, which is part of his celebrity. He says things to shock people and counter the current societal norms. He has long spoken out against the woke agenda, making waves by appearing with Candace Owens in “White Lives Matters” shirts. He was temporarily banned from social media platforms after talking poorly about the Jewish community while also saying black people are also Jewish. The man admits to having a mental illness. Still, they put microphones in his face and promote what he has to say as shocking and offensive to sell a story. It is no surprise that he was temporarily canceled from social media as all the major platforms cancel dissenters on a mass scale for much less. However, what happened next was a wake-up call for coming social credit scores.

JPMorgan Chase made an announcement that West is no longer permitted to bank with their institution. West, a billionaire, must remove all his funds from the bank by the end of the month. I do not care about celebrities, but I do care about corporations having the ability to remove freedoms over free speech. JPMorgan Chase showed that anyone who speaks out against the norm could have their funds uprooted.

The bank acts as the jury and judge. Epstein was permitted to hold funds at JPMorgan Chase despite an ongoing pedophile ring trial. Bernie Madoff banked with JPMorgan Chase. The same bank took direct action in World War II to aid the Nazis. Chase bank issued Rückwanderer marks so that American Nazi sympathizers could buy German marks for a discount. Those funds were mainly stolen from Jews who fled Germany as antisemitism was on the rise. Let’s not forget former President Franklin D. Roosevelt placed a freeze on German assets in the US at that time, which is another topic. Chase bank funneled Third Reich assets through South America to avoid FDR’s ruling.

PayPal released an internal memo earlier in the week stating that they were considering fining users $2,500 for “misinformation” and quickly backtracked after their stock plummeted. Social credit scores are being ushered in by the New World Order. The same banks that fund pedophiles and actual Nazis can discard your funds if they personally disagree with you.

Oct 14 2022

Grand Theatrics on Final Day, J6 Committee Votes Unanimously to Subpoena President Trump


Posted originally on the conservative tree house on October 13, 2022 | Sundance

The J6 Committee attempted to culminate their super serious grand theatrical performance with their closing effort.  A vote to subpoena President Trump and compel him to testify before the sham committee.   The made-for-television production was as ridiculous as it sounds.  WATCH:

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There is no precedent for the legislative branch to subpoena a former President of the United States, the executive branch.  No court, including the Supreme Court, would validate a congressional subpoena against the President.  The separation of powers would not permit the enforcement mechanism and there is no constitutional authority within the legislative branch to compel the executive. Period.

As a result, the effort of the J6 committee is essentially a made for television performance intended to create some goofy October surprise in advance of the November midterm election.  The transparency of the insufferable political nonsense is clear.   President Trump responded via Truth Social:

As even Politico admits, “There is little precedent for such a move against a former president, which would raise thorny separation of powers issues that have rarely, if ever, been litigated. Only one former president has ever been subpoenaed by Congress — Harry Truman in 1953 — and he defied the summons, contending it would set a dangerous separation-of powers precedent.”

The committee will likely create some ridiculous multi hundred-page report, created under the auspices of some authority they have manufactured out of thin air.  The entire enterprise has been a massive waste of taxpayer funds as the baseline for the committee itself is nothing more than a partisan election effort.

Even die-hard democrats acknowledge the pantomime is a grand waste of time.

Oct 13 2022

Connecticut Jury Orders Alex Jones to Pay $965 Million to Sandy Hook Families


Posted originally on the conservative tree house on October 12, 2022 | Sundance 

The lawsuit alleged that Alex Jones and Infowars’ parent company, Free Speech Systems, used the Sandy Hook mass shooting to build an audience and make money.  The jury in the case ordered Alex Jones to pay $965 million to the relatives of eight victims of the Sandy Hook Elementary School shooting and an FBI agent because Jones stated the 2012 mass shooting was a hoax.

As the jury verdict was read, Alex Jones was broadcasting. {Direct Rumble Link} WATCH:

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It is doubtful that any of this award will be recovered by the plaintiffs.

(Via WTNH) – Here is the breakdown of what the jury decided each plaintiff should receive in total compensatory damages:

  • Robert “Robbie” Parker, father of 6-year-old Emilie Parker: $120 million
  • William Aldenberg, FBI agent and first responder: $90 million
  • Ian Hockley, father of 6-year-old Dylan Hockley: $81.6 million
  • Erica Lafferty, daughter of school principal Dawn Hochsprung: $76 million
  • Nicole Hockley, mother of 6-year-old Dylan Hockley: $73.6 million
  • Jillian Soto-Marino, sister of teacher Victoria Soto: $68.8 million
  • Carlee Soto-Parisi, sister of teacher Victoria Soto: $66 million
  • Mark Barden, father of 7-year-old Daniel Barden: $57.6 million
  • Carlos Matthew Soto, brother of teacher Victoria Soto: $57.6 million
  • David Wheeler, father of 6-year-old Ben Wheeler: $55 million
  • Francine Wheeler, mother of 6-year-old Ben Wheeler: $54 million
  • Jennifer Hensel, for the estate of Jeremy Richman and the father who died by suicide of 6-year-old Avielle Richman: $52 million
  • Donna Soto, mother of teacher Victoria Soto: $48 million
  • William Sherlach, husband of 56-year-old school psychologist Mary Sherlach: $36 million
  • Jacqueline Barden, mother of 7-year-old Daniel Barden: $28.8 million
Oct 8 2022

Doctors sue FDA over ivermectin misinformation


Alison Morrow Published originally on Rumble on October 7, 2022

#FDA #Lawsuit #Doctors A group of doctors is suing the FDA, HHS and the men in charge of each agency for interfering in their ability to treat patients. They say the federal departments lied about Ivermectin.