The Charlie Kirk Show Published originally on September 17, 2022
Klaus Schwab maybe more evil than bill Gates
Defeating The Great Reset Day 2 – Second Session
Category UN Bans on fertilizer
Operation Rolling Blackout: A California story
Habibi Bros. Published originally on Rumble on September 16, 2022 1,627 Views
The Habibi Bros discuss the Rolling Blackouts in California and the energy crisis around the world. Buckle up and grab your drink cause you are going to need it.
Inflation Debate
On The Radar, Wave 3 of Food Price Inflation Soon to Arrive
Posted originally on the conservative tree house on September 16, 2022 | sundance
You know that moment just before the tsunami hits, when the water is pulled out to sea? Yeah, that.
Media are starting to realize what a destabilizing force ‘food insecurity’ can become as the pre-existing high prices are about to go even higher.
(WASHINGTON, Via The Hill) – […] the five items that have seen the largest year-over-year price increase based on the latest report from the Labor Department, and how much the price has changed: Eggs 39.8%, Margarine: 38.3%, Butter: 24.6%, Flour/prepared flour mixes: 23.3%, Olives, pickles, relish: 19.4%
Many of the items listed in the Consumer Price Index have seen prices rise by more than 15% compared to August 2021. That includes chicken (16.6%), soups (18.5%), cereals (17.4%), and milk (17%).
[…] Worsening food inflation is a particular strain on lower-income families, more of whom have had to turn to food banks and other aid as inflation has worsened. Mary Jane Crouch, executive director of America’s Second Harvest of Coastal Georgia, which works with a network of food banks, told the Associated Press 38% more food was distributed in August compared with July.
Sales at grocery stores rose 0.5% in August, the Commerce Department reported Thursday. Overall spending has slowed and shifted increasingly toward necessities like food, while spending on electronics, furniture, new clothes and other non-necessities has faded. (read more)
The energy driven inflation in seed, fertilizer, diesel fuel, solvents and industrial surfactants is about to travel from the field into the food supply chain with the fall harvest commencing. Wave 3 food price increases are likely to be higher than the prior two waves combined.
Overlay that pricing issue with global shortages and what do you get?….
Fortunately, I am optimistic that most readers here are well prepared.
Panicked Germany Seizes Russian Energy Company Rosneft, Uses National Trusteeship to Control Oil Refinery – The Current Economic Outlook of Europe, Full State Control of Critical Energy Production
Posted originally on the conservative tree house on September 16, 2022 | sundance
Welcome to the new “democratic norms” in the industrialized west as Germany seizes the private assets of Russian owned energy company Rosneft; because oil refining is critical to fuel prices and German has just realized their vulnerability.
Within this new Build Back Better system, driven by the policies of western nations, it appears things are changing quickly. Democracy or capitalism in Germany is now quickly dispatched, as socialism -state control- becomes the priority.
Heck, I’m old enough to remember when everyone decried China’s authoritarian economic model for doing the exact same thing as Germany (a few months ago). But, well, we must pretend not to notice these things comrades….
(Reuters) – BERLIN, Sept 16 (Reuters) – Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to shore up energy supplies and meet its European Union commitment to eliminate Russian oil imports by the end of the year.
The economy ministry said it was putting a unit of Russian oil firm Rosneft (ROSN.MM) under the trusteeship of the industry regulator and taking over the business’ Schwedt refinery, which supplies 90% of Berlin’s fuel.
“This is a far-reaching energy policy decision to protect our country,” Chancellor Olaf Scholz told a news conference to present the government’s plans to put the Schwedt refinery under the control of the Federal Network Agency regulator. (read more)
Who knew economic security was national security?
Now, let’s start talking about USA food exports, shall we?
Also, I’ll take “Things That Won’t End Well” for $1000, Alex.
The Cost of Illegal Immigration
Armstrong Economics Blog/Immigration Re-Posted Sep 16, 2022 by Martin Armstrong
Former President Trump requested $15 billion to build a wall between the US and Mexico. Everyone called him a crazy racist and dismissed his pleas. The truth of the matter is that the wall would have paid for itself in a year. American taxpayers have been paying around $20 billion annually since Biden took office to support the massive influx of illegal immigrants.
The study by the Federation for American Immigration Reform (FAIR) conducted an analysis and found that each illegal immigrant costs taxpayers $9,232 per year to support. The actual number of people crossing the border is unknown, and the 1.3 to 2 million estimated illegal immigrants this fiscal year alone is understated.
FAIR noted that money spent annually to support illegal aliens would amount to providing every homeless veteran with $50,000 a year, for a decade. The funds could be used to hire an additional 330,000 teachers across the nation to help the shortage. These taxpayer funds should be invested in America.
Useless Vice President Kamala Harris insists the border is “secure,” despite tons of counties declaring an invasion and begging Washington for help. “The border is secure, but we also have a broken immigration system, in particular, over the last four years before we came in, and it needs to be fixed,” Harris said. This is truly laughable as one of Trump’s main qualms was securing the border.
Southern states have begun to send immigrants to “shelter cities” where they claim they will open their arms and wallets to all illegals. They have been terribly equipped to handle the massive influx of buses arriving in their cities, and the Democrats are crying that the Republicans are playing a dirty game. The truth of the matter is that these politicians do not see the true impact of the border crisis. Until buses of undocumented people arrive at their doorstep and they have to figure out how to help them, they are ignorant to the issue. Even Harris failed to visit the border after first being appointed as the border czar. The truth of the matter is that the Biden Administration has zero plans to fix the invasion crisis because they are hoping those who make it over will vote blue to stay in the US.
Debt Diplomacy – Is China the East IMF?
Armstrong Economics Blog/China Re-Posted Sep 15, 2022 by Martin Armstrong
The International Monetary Fund is not the only option for countries in desperate need of funding. The Financial Times recently reported that China has been sending out tens of billions in secretive “emergency loans” to countries facing financial hardship.
China and others have been known to invest in emerging or struggling economies, but China seems to be upping its aid and has provided more funds than even the World Bank. AidData revealed that Pakistan, Argentina, and Sri Lanka alone had received $32.83 billion since 2017. Former Vice President Mike Pence accused China of using “’debt diplomacy’ to expand its influence. [China] is offering hundreds of billions of dollars in infrastructure loans to governments from Asia to Africa to Europe and even Latin America. Yet the terms of those loans are opaque at best, and the benefits invariably flow overwhelmingly to Beijing.” Pence claimed that China would prey upon poor nations and take ownership of key infrastructure upon default. Another example of the pot calling the kettle black, so to speak.
Pence used the example of Sri Lanka who was pushed into default, opening room for China to construct a military base in the port of Hambantota. The Atlantic published an article in 2021 to say that Pence’s claims of China ushering in their military to Sri Lanka was a lie, as if China wouldn’t jump on such an opportunity. Last month, in August 2022, China dispatched military ships to Hambantota with the intention of using the port for dual commercial and military use. Remember that Sri Lanka recently overthrew its president and has been in utter disarray — their economy completely collapsed.
“Sri Lanka needs financial assistance, and it would not want to displease China by revoking the permission,” Jehan Perera, executive director of the National Peace Council of Sri Lanka, told VOA. At this time, they are not building a military base, but it is possible as Chinese companies took out a 99-year lease on the area in 2017. Sri Lanka was seeking a loan from the IMF, but they were unwilling to take on such risky debt. Business is business. Sri Lanka was desperate, and China was willing to come to their aid, but governments only act in their self-interest and would not take on risks if they did not see a way to monetize that risk.
So yes, China is willing to take on the risks that the IMF will not. Unlike the IMF, China does not need to disclose its investments. China is investing less in US and Western debt and has turned its attention to indebted nations. This may be one of the reasons that our computer predicts China will become the next financial capital of the world by 2037.25.
Switzerland to Imprison People for Heating Homes
Armstrong Economics Blog/Climate Re-Posted Sep 15, 2022 by Martin Armstrong
Imagine going to jail for three long years for heating your home or business. That now may become a reality in Switzerland, where heating your home above 19 C (66.2 F) is considered excessive and a punishable offense. Water may not be heated above 60C (140F), and saunas and hot tubs powered by radiant heaters are prohibited. Indoor swimming pools also must remain cold.
Markus Sporndli, a spokesman for the Federal Department of Finance, said that people could be charged a daily fine of 30 francs for disobeying, but the fee could spike to 3,000 francs. The government is warning that there could be “spot checks” and said they would send authorities if someone reports a resident or business for breaking the law. Switzerland imposed fines and expected neighbors to turn on one another for COVID, and this is yet another power grab.
The law is still being finalized, but this is yet another way for the government to turn the common person into a criminal. The government, not the people, created this energy crisis and now demands that the people suffer for their mismanagement. Some are calling these measures “Green fascism” or “ecofascism.”
Historian Michael E. Zimmerman defined ecofascism as follows: “a totalitarian government that requires individuals to sacrifice their interests to the well-being of the ‘land,’ understood as the splendid web of life, or the organic whole of nature, including peoples and their states.” Expect to see this trend rise as temperatures decline.
Bidenomics, August 2022 Inflation Data Infographic
Posted originally on the conservative tree house on September 14, 2022 | Sundance
Someone had requested a simple to see infographic of the Bureau of Labor and Statistics August inflation data with monthly and yearly outcomes. I thought everyone might find this graphic as a good tool for sharing with your network. [Data Source Link]
Additionally, the BLS also released the producer price index today [DATA HERE]. The PPI for goods dropped slightly, as we expected, due to the August temporary decline in gasoline and diesel. However, the PPI for final demand services moved up 0.4 percent in August, the fourth consecutive rise.
We are now seeing service providers having to raise their prices to cover their increased costs. This could be trouble for employment in the long-term.
Making Sweden Great Again – After Stunning Election Victories Sweden Shifts Right, Prime Minister Magdalena Andersson Resigns
Posted originally on the conservative tree house on September 14, 2022 | Sundance
Within the politics of Sweden, the ‘Sweden Democrat‘ party is the equivalent of MAGA Republicans. As a result, the European media call them “far-right.”
As the results of last weekend’s election are finally tabulated, the anti-globalist parties in Sweden have surged to victory. With all of the consequences from globalist policies creating havoc in the country, the political dynamic in Sweden has now flipped.
Do not let this election outcome slip your geopolitical reference point. Current Swedish Prime Minister Magdalena Andersson has lost the majority coalition. She has resigned. European leftists are shocked and big mad.
(Dutsche Welle) – Sweden’s right-wing opposition appears to have won in a razor-thin electoral race. The big winner of the elections are the far-right Sweden Democrats, who could become part of government for the first time.Sweden’s right-wing opposition appears to have won a thin majority in the country’s parliament with nearly all votes counted.
Swedish Prime Minister Magdalena Andersson said that she would resign and that preliminary results were clear enough to draw conclusions. She said that it was important that Sweden gets a new government as soon as possible.
Leader of the nationalist Sweden Democrats, Jimmie Akesson, declared victory and pledged to “put Sweden first.”
Coalition leader Ulf Kristersson of the conservative Moderates is likely to become Prime Minister.
The results were too close to call before postal and overseas votes had been included into the count. So far, the Moderates, Sweden Democrats, Christian Democrats and Liberals hold a two-seat lead over the governing Social Democrats.
Some 99% of votes from all 6,578 voting districts had been counted by late on Wednesday. If results were confirmed, the right-wing opposition would win 176 seats in the 349-seat parliament.
As the current count shows, just 47,000 votes separate the left- and right-wing blocs from each other.
The governing Social Democrats and its coalition would win 173 seats in this instance, the tallies showed.
Never before have the Sweden Democrats, a party who relies on anti-immigration and nationalist rhetoric, been part of a government. The party has so far won more than 20 percent of ballots, becoming the second-biggest party behind outgoing Prime Minister Magdalena Andersson’s Social Democrats, which have dominated Swedish politics since the 1930s. (more)
Centinel2012 