Thank you to the reader who sent in this hilarious image. Despite all the incoming data and price instability, some expected the Fed to pivot on its stance. Even BlackRock reportedly told advisers to expect “pivot language” at the last Federal Open Market Committee meeting. They were hoping that the Fed would announce a looser stance for the December meeting despite conditions failing to improve.
The markets correctly anticipated a 75 bps hike for November. Jerome Powell said that incoming data from the last meeting has led the central bank to believe that rates will edge HIGHER than originally anticipated. PCE rose 6.2% over the past 12 months, with core PCE rising by 5.1%. Long ago after Powell changed his “transitory” stance, he reiterated that the Fed’s main goal is to bring levels back to the 2% target. Price stability is the top priority – period.
“As I’ve said in the last two press conferences, it will become appropriate to slow the pace of increases, as we approach the level of interest rates that will be sufficiently restrictive to bring inflation down to our two percent goal. There is significant uncertainty around that level of interest rates. Even so, we still have some ways to go, and incoming data since our last meeting suggest that the ultimate level of interest rates will be higher than previously expected,” the chairman reiterated.
The central bank realizes that the situation will only worsen. “Restoring price stability is essential to set the stage for achieving maximum employment and stable prices in the longer run. The historical record cautions strongly against prematurely loosening policy. We will stay the course, until the job is done,” Powell commented. His Q&A after the announcement only reiterated his extremely hawkish stance (see video above).
Powell said the Federal Reserve is honing in on three main factors: 1) how fast to tighten policy, 2) how high to raise rates, 3) how long to remain on the current course. Powell said they would move “expeditiously” to move rates, especially given the low starting point. He believes that incoming data justifies ongoing rate hikes, and his estimate is higher than what was announced in September. Finally, he said they might have a discussion on when to loosen policy, but there was an emphasis on the word discussion.
Oregon is a beautiful picturesque state. Mountains, waterfalls, and beautiful beaches – Oregon was once a desirable place to live. Portland was a promising metropolitan area before politicians completely destroyed the city with light-on-crime policies.
The Portland Business Journal reported that high-earning residents relocated to areas like Deschutes County, Arizona, and Texas. As in all societies, the highest earners who have the ability to relocate are the first to flee crumbling cities. Multnomah County saw a decline of 2,000 taxpayers between 2019 and 2020, but more have likely fled.
As of June, the average rent in Portland was $1,700, but many will tell you that estimate is low. This is not why homelessness has spiked. Over the past two years alone, the homeless population increased by 25%!Homeless camps have moved into the suburbs as people simply have nowhere to go. The city has attempted to authorize homeless encampment sites in certain areas, but there is not enough room. Portland Mayor Ted Wheeler (D) has done nothing to address the mental health and drug abuse crises at the root of the problem. This is an extremely sad situation, as no one should live in this manner.
The pandemic added to the crisis, but Portland declared a state of emergency back in 2015 due to the drastic number of unhoused people. Oregon legalized hard drugs in February 2021. People may legally carry heroin, cocaine, methadone, oxycodone, and even methamphetamine for personal use. Most users will only face a $100 fine. Drug overdoses rose by 41% in 2020 from the year prior.
As we have seen in many Democrat-run cities, theft is basically legal. The Organized Retail Crime Association of Oregon (ORCAOR) conducted a poll that found 95% of businesses are unhappy with the relaxed crime laws, and 80% admitted theft had risen significantly. “We’ve seen an increase in assaults, in drug use within the stores, threats, individuals threatening with weapons,” said Jeremy Girard, the president of ORCAOR, who conducted the survey in late spring. Around 80% said there was not an adequate police response, but that is because they voted to defund the police and urged them to turn a blind eye to crime.
Businesses are closing, and people are fleeing the city. The Oregon Mayors Association wants to spend $123.5 million annually to prolong the problem rather than address the causes. Another example of poor policies ruining a blue city and asking taxpayers for more funding to throw money at the problem.
QUESTION: What Tucker said about Raskin, would you call that fake news or misinformation? Just curious.
HJ
ANSWER: That was Tucker’s “interpretation” of the implication of what Raskin said. It falls outside of both and would probably attribute that more to political bias. I would say “fake news” is more what we saw with COVID where it is just outright false that is not attributed to interpretations or bias. I would say the “misinformation” is probably just another label for fake news. Hillary calling Trump supporters deplorable is not fake news or misinformation, it is just political bias.
What Tucker said was not fake news nor misinformation, but simply this class of political bias. That is what is probably dividing the country more than anything. It is this demonizing an opponent and both sides are doing it today. The vaccine scam of hiding the side effects is more in the area of fake news and misinformation.
Biden is out there claiming a Republican victory will be chaos for the economy. That is not Fake News or Misinformation, it is just political rhetoric that has become standard hate speech in politics.
QUESTION: Dear Marty Are we indeed witnessing this divide between socialists/Marxists and conservatives/sensible people worldwide not just in the USA? Is this the last worldwide battle against marxism (anti-God)? Look at Brazil. No different. In the protests yesterday several Lula supporters actually ran over Bolsonaristas who were protesting in the street. At least 5 were taken to the hospital and reports of some deaths. They were filmed on people’s phones. It’s horrible what the left will do. Is this the point where we all need to choose a side and step up to be counted? Freedom has to be fought for it seems.
SP
ANSWER: Unfortunately, yes. While the United States is deeply divided and will ultimately break up as will Europe, our politicians have been fanning the flames of division. The controversy that Tucker Carlson created by characterizing Jammie Raskin as saying “Russia is an Orthodox Christian country with traditional social values. And for that reason, it must be destroyed no matter what the cost to us.” Tucker’s interpretation of Raskin’s speech is incorrect. Implied by Raskin was that the Democrats stand for freedom and politicians should not be telling you what to do. He insinuates that Putin rejects those ideas implied because it is an Orthodox Christian Country. Putin has rejected the West’s cancel culture and teaching sexual fluidity to children he called a Crime against Humanity.
Putin has said that the cancel culture, and divisions of people, were once part of Russia and led to its demise. Yes, he stands against homosexuality, and this is part of what is inferred by Raskin that Russia is not as liberal and rejects the principles of Wokeness and the push of the Democrats. Did Raskin outright call for a religious war? No. However, his vitriol is rather absurd pretending that the Democrats stand for democracy and freedom when they are dictating how everyone should live from heating their homes to what they drive. Then, he pretends that America stands for Ukraine while refusing to explain that Zelensky has outlawed Russian to be spoken by Russians in the Donbas and that they are to surrender their religious beliefs as well.
On September 6th, 2014, an official statement was made illustrating the religious battle that was also unfolding. The new Patriarch Filaret, who heads the Ukrainian Orthodox Church of the Kyivan Patriarchate, came out and said that Russian President Vladimir Putin has fallen under the spell of Satan and faces eternal damnation to hell unless he repents.
The Western press refuses to report the antics of Zelensky. He has waged a holy war. He has raised the so-called Patriarch of Kyiv and ordered all the Russians in the Donbas that their churches are now to be subsidiaries of Kyiv. He has supplanted the Patriarch of Moscow replacing him with his Kyiv version effectively this is like replacing the Pope with some local bishop. The French did that by seizing the Papacy and moving it from Rome to Avignon. But, hey, Zelensky stands for freedom and democracy while refusing to honor the Mink Agreement that was to allow the Donbas to vote on their independence. So much for democracy.
Why should there be one country under God? It was the Civil War that saw the motto “IN GOD WE TRUST” appears on American Currency in 1864. God is no longer part of the foundation of the United States. Marxism is forbidden by the Ten Commandments. Religion has been under assault in America for quite some time. Some have argued that getting rid of paper money will even kill that motto once and for all.
There is nothing about the United States that adheres to any religious dogma. This idea of “freedom” is really freedom from any religious restraint. This is what has divided the country deeply and the Democrats are looking to win on Abortion. There were extreme abortion supporters who supported even an abortion right after birth. Even the Washington Posthad to question that one. I suppose we can do away with the death penalty and just call it post-birth abortion to make it sound better and legal.
The world is divided. Politicians have caused havoc worldwide. They are only interested in winning at all costs and have been demonizing their opponents and that simply divides the country just as Hillary called everyone who voted for Trump, 50%+ – DEPLORABLES. Let’s face it. Both sides are running campaigns of hate.
The United States is already divided. History confirms that a house divided like this cannot possibly stand. The post-2032 era will be a period where society must come to grips with how to design a nation from scratch. The politicians have fueled the politics of hate. I for one could never see myself even dating someone from the other side politically. It would result in constant arguments and at the end of the day, you just cannot live with someone who would be opposed to all your basic beliefs.
Posted originally on the conservative tree house on November 3, 2022 | Sundance
According to U.S. Pentagon officials and representatives of South Korea, the North Korean military tested another intercontinental ballistic missile (ICBN).
The ICBM was fired around 7:40 a.m. local time from close to Pyongyang’s Sunan area and is seen as a provocation by the Defense Secretary Lloyd Austin and South Korea’s (ROK) Minister of National Defense Lee Jong-sup.
During a Pentagon press conference, no one in media seemed to be puzzled about the timing of North Korea’s ICBM test or the conspicuously convenient ROK Defense Secretary Lee Jon-sup being in Washington DC. Apparently, as the story is told, Jon-sup’s visit was just an odd coincidence, I digress.
The contrast is stark, yet no one in the media will ever point it out. During President Trump’s term in office the Republic of Korea (South) and the Democrat People’s Republic of Korea (DPRK, North), were not in conflict. There was even widespread discussion of a peaceful unification of the Korean peninsula between Chairman Kim Jong-un and President Moon Jae-in.
During the Trump administration, there were no tensions as President Trump brought the two Korea’s together and brokered both sides in the direction of sustainable peace. President Trump leveraged his own position, and the economic strength of the U.S. to weaken the influence of China upon the DPRK and Trump created breathing room for Kim and Jae-in to remove conflict. Fast forward two years later and suddenly they are in conflict again. What changed? Joe Biden.
The DPRK is a proxy province of China, and Beijing leverages their control within North Korea to achieve strategic geopolitical objectives. All other presidents before Donald Trump played an international game of pretending not to know China controls North Korea. Chairman Kim is a hostage to the influence of Chairman Xi. Kim walks a very tenuous tightrope with Xi’s regime constantly over his shoulder and almost certainly in control of the DPRK military.
When you understand this reality, you understand the ridiculous nature of the talking point about North Korea “working toward” nuclear weapons. North Korea has nuclear weapons, because the DPRK nuclear weapons are Chinese. An ICBM does not get fired from North Korea without Beijing giving the order. President Trump understood this dynamic and worked to remove the pressure point from Chairman Kim. By confronting China (economically and geopolitically), Trump provided the peace for both Koreas.
Chairman Xi Jinping knew that President Trump was working to remove his influence over Chairman Kim. However, facing toward the rest of the world Chairman Xi could never do anything publicly to counteract this situation because it is part of the panda mask strategy for China to deny having that influence. President Trump leveraged China’s denials of influence against Beijing by forming a direct relationship with Chairman Kim.
As the game was astutely played by Trump, if China has no influence, then China should welcome peace between the ROK and DPRK. Trump flipped the pretending dynamic and forced Beijing to pretend they had no control. It was amazing to watch how Trump pulled that off, quite remarkable.
North Korea is a proxy province of China in the southeast Asian region the same way Ukraine is a proxy province of the United States in western Europe.
When North Korea fires an ICBM, it’s really China firing a warning shot against the U.S. in Southeast Asia. The U.S. under the Biden administration returns to the era of pretending and pretends publicly not to know this…. because the Biden administration, and previous UniParty administrations’, are enmeshed with the Chinese government.
The individual wealth of U.S. politicians is directly tied to Chinese business interests. China isn’t stupid and maintains this financial dependency, where U.S. politicians make money from Chinese ventures, in order to extend Beijing’s influence and control over larger global initiatives.
If Americans knew that U.S. politicians were purchased by China, more people would start asking questions about this illusion of conflict between China and the USA.
WASHINGTON – North Korea’s use of a nuclear weapon “will” result in the end of Kim Jong Un’s regime, the United States and South Korea warned in a joint statement from the defense leaders of the allied nations.
Republic of Korea Minister of National Defense Lee Jong-sup met with Secretary of Defense Lloyd Austin at the Pentagon on Thursday, and they released a joint communique following the meeting. Their meeting came hours after the North conducted an intercontinental ballistic missile test, in addition to a couple of other missile tests. The day prior, the North Korean military launched roughly two dozen missiles in an unprecedented barrage.
“The secretary and minister strongly condemned the DPRK’s escalatory activities and violations of United Nations Security Council resolutions, including ballistic missile test launches, multiple rocket launches, and firing of coastal artillery and called upon the international community to hold the DPRK responsible for its actions,” the communique said. “Both sides also expressed concern that the DPRK’s ongoing efforts to develop nuclear and ballistic missile capabilities, as well as its escalatory rhetoric regarding the use of tactical nuclear weapons, and its proliferation activities.”
The two leaders decided to extend the joint military exercises dubbed Operation Vigilant Storm to “further bolster our readiness and interoperability,” Austin explained. He also called the missile tests “destabilizing to the region” and called on Pyongyang to “cease that type of activity and to begin to engage in serious dialogue.” (read more)
CNBC reported that Biden and Zelensky exchanged harsh words during a phone call in June 2022. After securing an additional $1 billion in funds from Americans, Zelensky said that the US needs to provide more for Ukraine. Biden losing his temper and Zelensky begging for more money are both believable situations. Similar to a child crying for dessert before dinner, Biden caved and gave Zelensky everything he wanted. Zelensky knows he can continually push for more, but that may change.
The media released this story because they want Americans to believe that the Biden Administration is finding Ukraine’s constant requests asinine at this point. The people at the voting booths this November are watching their own cities crumble and are struggling to understand why America has sent over $20 billion to Ukraine this year. The prospect of a world war has Americans even more wary of this endless support.
A Pew Research Center poll from September showed that public support for Ukraine is fading in America. Out of 10,588 respondents, 26% were no longer concerned about the war in Ukraine. In May, 55% of people cited they were “extremely” or “very” concerned about Russia defeating Ukraine, but that figure fell by 17 percentage points to 38% by September. Around 42% of Americans felt that the US was not providing enough support back in March when the war began, but that number has dwindled to 18%.
Americans are now less concerned with Russia invading other nations outside Ukraine. Putin is not interested in conquering new land, and his motives are not akin to a Hitler situation of expanding a dead empire as the media first presented. Yet, people are more concerned now about the possibility of a nuclear war, as 52% of Democrats and 37% of Republicans expressed in the Pew Research Center survey.
Sources say Ukraine would like up to $60 billion in additional funds and will continue using America and Western allies as an ATM until legislation is passed to stop this nonsense.
The Atlantic wrote a piece about declaring pandemic amnesty. “We need to forgive one another for what we did and said when we were in the dark about COVID,” Emily Oster wrote. I will not forgive what was done and the permanent damage the COVID zealots caused to the global economy. This was not a simple misunderstanding – it was a deliberate plot to crush the economy and hand all power over to governments.
This goes for the right and left, although the right finally saw that what they were doing was wrong. Trump failed us by implementing Operation Warpspeed and distributing mass vaccines that were not properly tested. Big Pharma was granted full immunity because they knew the vaccines could present issues down the line. America had a strong economy before COVID lockdowns caused mass layoffs, supply shortages, and simply halted life as we once knew it.
Other countries had more severe restrictions, and many felt the need to flee their home country to avoid tyranny. I do not forgive the politicians who forced the masses to take a vaccine against their will simply to participate in society. The unvaccinated were demonized by the politicians who led the masses to believe that COVID was “a pandemic of the unvaccinated,” when that was a blatant lie. Those same politicians frequently broke their own rules because they knew they were baseless. I do not forgive the health agencies who promoted a false agenda and changed definitions and rules at whim. They forced us to cover our faces to simply walk outside despite knowing that masks did not work. I do not forgive the media who fueled the hysteria and banished anyone who questioned “the science.” The fear that spread across the globe was unwarranted.
There should be a trial to discover what actually happened in 2020. The virus’ origins remain a mystery, although it is widely accepted that it did not come about naturally. Children fell behind in school, small businesses closed forever, countless people lost their livelihoods, and mental health issues became more apparent. People were forced into quarantine camps like prisoners in some countries, while others diminished people to their QR codes that restricted their freedom of movement. People DIED.
Despite our current knowledge, governments have refused to let go of the emergency powers granted to them under COVID. How could they ask for forgiveness when this madness is ongoing?
Posted originally on the conservative tree house on November 2, 2022 | Sundance
It’s all a ruse; an economic shell game being played for politics – nothing more.
Consider this quote from Fed Chair Jerome Powell today, “Inflation remains well above our longer-run goal of 2 percent. Over the 12 months ending in September, total PCE prices rose 6.2 percent. Excluding the volatile food and energy categories core PCE prices rose 5.1 percent. And the recent inflation data again have come in higher than expected. Price pressures remain evident across a broad range of goods and services. Russia’s war against Ukraine has boosted prices for energy and food and has created additional upward pressure on inflation.” (source)
You can argue Powell’s points of demand side inflation all day long, it matters not. It’s nonsense. Take interest rates to 10%, or even eleventy percent, and that will not stop inflation because demand is not creating it. Current inflation is a supply side issue, driven by a radical change in energy policy. I have made this case for well over a year, sooner or later people are going to have to stop believing the demand side nonsense.
As Powell himself noted, “with today’s action, we’ve raised interest rates by 3 ¾ percentage points this year,” and yet inflation hasn’t flinched. Why? Because there was no excess consumer demand to tame all year. Demand for consumer goods has been in a freefall since the fall of 2021, while the prices of those goods have remained on an upward trajectory because costs associated with producing them continue rising. That’s a supply side inflation issue, not demand – but Powell cannot admit it.
Powell […] “Even so, we still have some ways to go. And incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected. Our decisions will depend on the totality of incoming data and their implications for the outlook for economic activity and inflation. We will continue to make our decisions meeting by meeting and communicate our thinking as clearly as possible.
We’re taking forceful steps to moderate demand so that it comes into better alignment with supply. Our overarching focus is using our tools to bring inflation back down to our 2 percent goal and to keep longer-term inflation expectations well anchored.”
If you want to take the pretending out of the paragraph and make it truthful, insert the word energy:
“We’re taking forceful steps to moderate [energy] demand, so that it comes into better alignment with [policy driven energy] supply.”
There. THAT’S THE TRUTH !!
Ask yourself, or anyone else, this simple question:
...At what point in the process of raising interest rates does the price of gasoline, home heating, natural gas, electricity, diesel fuel or food start to drop?
How does a 15% federal interest rate lower food prices?
Posted originally on the conservative tree house on November 3, 2022 | Sundance
For his opening monologue tonight, Fox News host Tucker Carlson deconstructed Joe Biden’s midterm election speech broadcast on national television Wednesday night. WATCH:
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 