Beyond Hubris – European Bank President Lagarde Says Policy Efforts Must Be Taken to Stop Wage Growth


Posted originally on the CTH on December 31, 2022 | sundance

The ideology of these elitist minded control officers is really remarkable.  The president of the European Central Bank, Christine Lagarde, has given several statements to media saying policy measures must be put into place in order to stop wage growth from fueling inflation.

Think about this in the most practical of terms.  Western politicians have created massive inflation through their collective ‘Build Back Better’ energy policy.  The central banks have raised interest rates, an effort to shrink the economy by lowering energy demand, to offset the skyrocketing costs of the energy problem the politicians created.

With workers demanding pay raises to help afford the skyrocketing costs of energy, the central EU bank is now worried that wage increases will fuel inflation.

There’s a truckload of pretending needed to avoid seeing the insufferable dynamic of reality.

Political policy drives up energy costs. Central banks try to drive down energy demand.  Workers unable to afford the energy prices created by politicians, are then blamed for the inflation the political policy creates.

Sooner or later ordinary people are going to figure out this abusive cycle.

(Via Reuters) – Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde told a Croatian newspaper.

The ECB has raised interest rates by a total of 2.5 percentage points since July in a bid to arrest a historic surge in inflation and has promised even more policy tightening over its next several meetings as longer-term price growth expectations have started moving above its 2% target.

“We know wages are increasing, probably at a faster pace than expected,” Croatian newspaper Jutarnji list quoted Lagarde as saying on Saturday. “We must not allow inflationary expectations to become de-anchored or wages to have an inflationary effect.”

[…] Lagarde added that the bloc’s expected winter recession, induced by soaring energy costs, is likely to be short and shallow, provided there are no additional shocks. (read more)

That last line is just beyond infuriating.

This era of economic pretending, and the disconnect in the mindset of the self-proclaimed elitist rulers, is just jaw dropping in scale and scope.

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UKRAINE Fires Missile At BELARUS, Putin FIRES Back, Andrew Tate ARRESTED


The Dive With Jackson Hinkle Published originally on Rumble on December 30, 2022 

A very interesting discussion around the one hour point by a Ukrainian Woman Tetyana Monntyyan that gave a speech to the UN Security Counsel (I think) explaining how the 2014 Minsk agreement was never meant to allow the Donbas region to vote and determine their future. It’s “only” purpose was to give Klaus Schwab time to build up the Ukrainian army to take out Russia under US support and direction.

PUTIN saves america!


The Dive With Jackson Hinkle Published originally on Rumble on December 29, 2022

Putin may not be an angle but it is a lot better then the currant occupant of the White House who his destroying the American Republic by following the dictates of the insane politics of Klaus Schwab who runs the World Economic Form (WEF) and developed The Great Reset and Build Back Better program to change all the countries in western civilization into a socialist paradise run by the United Nations. His current goal to to invade Russia and stop the fossil fuel production to save the planet.

Douglas Macgregor – We have Russia All Wrong


Armstrong Economics Blog/Russia Re-Posted Dec 31, 2022 by Martin Armstrong

Douglas Macgregor is a retired U.S. Army colonel and government official, and an author, consultant, and television commentator. He played a significant role on the battlefield in the 1990-91 Gulf War and the 1999 NATO bombing of Yugoslavia.

The Political Storm on the Horizon


Armstrong Economics Blog/Politics Re-Posted Dec 30, 2022 by Martin Armstrong

COMMENT: Could an individual state finish the wall started by the previous administration?
It’s painfully obvious Washington has its own agenda. And at this time, I see no point in even lobbying our federal government to do anything in our border towns/states. Is it legal to have our individual states finish what was started? I know I’m not alone in my concerns and would gladly contribute to a “wall fund”, or something of the sort. Maybe things are so corrupted it would be pointless?

REPLY: Yes, it is the state’s border. Knowing the atmosphere on Capitol Hill, it has simply become war and it has nothing to do with the benefit of the nation. I was impressed by the words of Arizona Sen. Kyrsten Sinema who courageously announced that she was leaving the Democratic Party to register as an independent. It was her words that rang true. She stated that she was abandoning the Democratic Party and turning her back on the “broken partisan system in Washington” that prioritizes denying the opposition party a win rather than “delivering for all Americans.

This is the very reason why the United States will collapse. There is no longer any sense of guiding the nation for the benefit of all the people. This has turned into a hate game. Neither side will dare to agree that ANYTHING the other side did was just, fair, or in the best interest of the whole. It is just partisan war and in the process, they are destroying the core of the United States and our once culture of freedom that was admired and inspired by the world.

I can confirm that when the US invaded Iraq on the nonsense of weapons of mass destruction, the pro-Americans in Russia lost ground. They were indeed pushing to join NATO and enter the world economy for the benefit of all the Russian people. But that invasion armed the Neocons and they pointed to that invasion that America was imperialistic and was seeking to control the entire world. It also lowered the esteem of America in the eyes of many in China. Ukraine has merely reconfirmed that view.

Politics has degenerated into a very dark era. If history repeats itself, there will be no other choice but to move toward separatism. We will no longer be able to live in peace together because that is not acceptable anymore. All this nonsense of what is your pronoun and men can have babies with a sex change is dividing the country into groups. Once you do that, you do not benefit the right of those people, you cast them as the new enemy of the state just as Hitler did with the Jews. The end is near for the United States. A house as divided as we have become CANNOT stand. That was the view of Lincoln to justify the Civil War.

Exposing the Real Reasons the RNC Ignores You (Pt. 1) | Harmeet Dhillon | POLITICS | Rubin Report


The Rubin Report Published posted originally on Rumbal on December 26, 2022

Dave Rubin of “The Rubin Report” talks to candidate for RNC Chair Harmeet Dhillon about why the RNC suffered major losses in the 2022 midterm elections under the failed leadership of RNC chairwoman Ronna McDaniel; how she would change the political strategy of the Republican National Committee; why Republicans don’t seem to know how to win an election; and the free speech litigation she has done on the behalf of the Daily Wire and Project Veritas.

Exposing This State’s Secret Enemies List (Pt. 2) | Harmeet Dhillon | POLITICS | Rubin Report


The Rubin Report Published originally on Rumble on December 28, 2022

Dave Rubin of “The Rubin Report” talks to candidate for RNC Chair Harmeet Dhillon about how the Twitter files have confirmed the suspicions of the Center for American Liberty’s lawsuit against Twitter; how she exposed the state of California’s secret enemies list; why she is representing Rogan O’Handley (aka DC Draino) in his fight against big tech censorship; how Republicans dropped the ball in dealing with big tech regulation; how section 230 of the communications decency act needs to be reformed; and why we need a social media bill of rights.

Understanding the Neocons


Armstrong Economics Blog/Uncategorized Re-Posted Dec 28, 2022 by Martin Armstrong

QUESTION: I saw you on TV here in Russia. I think you are more respected in Russia than in the United States. You are the only person ever to say that war is created by politicians and not the people. Do you see any hope of avoiding war?

VR

ANSWER: Unfortunately, no! The only real question is how bad does it get?

As I said at our World Economic Conference, nobody has tried to defeat this model more than me. I have come to see that you really cannot change the long-term because nobody will act for the future. They only react to immediate news and propaganda. Congressman Adam Kinzinger said that NATO could take out Russia in only three days. Kinzinger is the new John McCain. He always advocates war and is clueless. His statement that NATO could take out Russia in 3 days is the most absurd statement I have ever heard.

Kinzinger acts as if NATO could completely destroy Russia in 3 days and they never get a shot off? It is beyond me why these people always preach war and have ZERO regards for the consequences. These people should be barred from ever holding office even for a dog catcher. They live in a delusional world. They also hate China. So they are supposed to wait until NATO destroys Russia in 3 days and then we turn to destroy them in 5 days? Then we also ask North Korea and Iran to please wait their turn for destruction.

The US, Europe, Russia, China, and even Iran all have their Neocons. We should gather them all up, throw then in Madison Square Garden, sell tickets and bet on who is the last one standing. Anyone else who wants to be a Neocon should just be put in the line for the next match.