Thanksgiving Costs on the Rise


Armstrong Economics Blog/Inflation Re-Posted Nov 24, 2021 by Martin Armstrong

Expect to pay at least 14% more for this year’s Thanksgiving festivities, according to the American Farm Bureau. The bureau estimates that a feast for ten will cost $53.31 this year, and I would personally like to know what grocery store has such low prices; the estimate seems drastically low. The US Department of Agriculture noted that wholesale prices of 8-16 lb frozen turkeys are up 21% from November 2020. Pumpkin prices have risen 5% due to droughts in California and heavy rains leading to fungal infestations in Illinois. Green beans, a typically cheap staple, advanced 4% YoY, while cranberry sauce prices increased 2.5%. Milk, eggs, potatoes, and many other Thanksgiving staples have all increased in price. Butterball President and CEO Jay Jandrain said that turkey prices will remain elevated into 2022 due to increased feed, labor, and transportation costs. However, US Agriculture Secretary Tom Vilsack said he is confident Americans will still foot the higher bill to maintain the annual tradition.

Was Darrell Brooks Another Known Wolf?


Posted originally on the conservative tree house on November 24, 2021 | Sundance | 178 Comments

We have recent familiarity with FBI connections as they pertain to high profile criminal cases; specifically cases with a framework of domestic terrorism {Go Deep}.  Against that backdrop, the Daily Mail is now reporting that Darrell Brooks was arrested and convicted in 2007 for a bomb plot against a Nevada casino.

Via Daily Mail – The man accused of murdering five after mowing them down in his car during a Wisconsin holiday parade was previously convicted for threatening to bomb a casino, DailyMail.com can reveal.  Darrell Brooks, 39, was busted in March 2007 for calling in a bomb threat to the $43-per-night Nugget Casino Resort in Sparks, Nevada. (read more)

We already know Brooks had a lengthy 20-page rap sheet of previous criminal conduct.  However, the question being raised is: would the FBI have Darrell Brooks on their radar after the events in Nevada?

Unfortunately, it would not be a surprise to discover Brooks was a lone wolf and also a “known wolf”.   There is a pattern of the FBI having contact -of varying degrees- with domestic terrorism events and the suspects who carry out such attacks.  The fact that Brooks was released from prison just prior to the Wisconsin Christmas parade attack is enough to make the cynical senses tingle.

The FBI was fully aware of the Boston Marathon bombers, the Tsarnaev brothers, before they executed their plot.  The FBI took no action.  The FBI knew about the San Bernardino terrorists, specifically Tasfeen Malik, and were monitoring her phone calls and communications before her and Syed Farook executed their attack killing 14 people and leaving 22 others seriously injured.  The FBI took no action.  The FBI knew Colorado grocery store shooter Ahmad Alissa before he executed his attack.  The FBI took no action.

The FBI knew in advance of the Pulse Nightclub shooter (Omar Mateen) and was tipped off by the local sheriff. The FBI knew in advance of the San Bernardino Terrorists (Tashfeen Malik). The FBI knew in advance of the Boston Marathon Bombers (the Tsarnaev brothers) tipped off by Russians.  The FBI knew in advance of the Parkland High School shooter (Nikolas Cruz). The FBI knew in advance of the Fort Hood shooter (Nidal Hasan), and the FBI knew in advance of Colorado grocery store shooter Ahmad al-Aliwi Alissa.  The FBI took no action.

Consider the case of the first recorded ISIS attack on U.S. soil in Garland, Texas in 2015.  The FBI not only knew the shooters (Elton Simpson and Nadir Soofi) in advance, the FBI took the shooters to the venue and were standing only a few yards away when Simpson and Soofi opened fire.  Yes, you read that correctly – the FBI took the terrorists to the event and then watched it unfold.  “An FBI trainer suggested in an interview with “60 Minutes” that, had the attack been bigger, the agency’s numerous ties to the shooter would have led to a congressional investigation.”

Remember, shortly before the 2018 mid-term election, when Ceasar Syoc – a man living in his van – was caught sending “energetic material that can become combustible when subjected to heat or friction”, or what FBI Director Christopher Wray called “not hoax devices“?   Remember how sketchy everything about that was, including the childlike perpetrator telling a judge later than he was trying to walk back his guilty plea because he was tricked into signing a confession for a crime he did not create.

Or more recently, the goofball plot to kidnap Gretchen Whitmer that involved 18 suspects, twelve of them actually working for the FBI as the plot was hatched?  And we cannot forget the January 6th DC protest turned insurrection effort, which is clearly looking like an FBI inspired and coordinated effort.  Have we forgotten the Atlanta “Olympic Park Bombing”, and the FBI intentionally setting up transparently innocent, Richard Jewel?

Then, there’s the entirety of the FBI conduct in “Spygate”, the effort against Donald Trump using FBI resources; the coverup operation using the Mueller/Weissmann special counsel using 50 investigative FBI agents; the 13 FBI agents assigned to evaluate a NASCAR racetrack garage door pull-down rope; the FBI involvement with the Hunter Biden laptop that went nowhere; the disappearing Huma Abedin/Anthony Weiner laptop –in the known custody of the FBI; and the missing investigation of the Awan brothers.

So yeah, when it comes to a lone wolf driving purposefully and with malicious intent into a Christmas parade, suspicious cat remains, well, suspicious…

Biontech Staff Will Not Take Vaccines – Double Standard


Armstrong Economics Blog/Vaccine Re-Posted Nov 23, 2021 by Martin Armstrong

While the world is trying to imprison people who are not vaccinated, here Biontech owners and staff will not be vaccinated themselves for “safety reasons.” While 5 million dead worldwide out of 7.8 billion, this is by no means a disease that has warranted destroying the world economy. This is for climate change and the Great Reset. The blind following of government commands without any independent thinking is very serious.

Most Americans Will Die Penniless


Armstrong Economics Blog/North America Re-Posted Nov 23, 2021 by Martin Armstrong

It is a depressing reality, but around 73% of Americans will die with debt, according to a 2016 poll by Credit.com. The average amount of outstanding debt at the time of the report was an alarming $61,554.00 per person. Around 68% of those studied had credit card debt, 37% had mortgage debt, and 6% died with student loans. US household debt has spiked significantly since this survey was taken, and at least three in four Americans will die without the ability to pass on their lifelong earnings to their kin. Survivors likely will not need to pay off the debt as creditors will confiscate any available assets.

Let’s not forget that dying in the land of the free is anything but free due to death and estate taxes. Americans feel more optimistic about the situation than they should — only 30% of Americans polled during a 2017 survey believe they will die with outstanding debt. Credit card debt was once an indication that people were living well beyond their means, but with the accelerated cost of basic living necessities, the gauge is less plausible. This is one of the many reasons why financial literacy is absolutely crucial to maintain financial independence throughout life. It is possible to rise above debt, but most do not. As inflation continues to wreck every sector, it is of the utmost importance that people budget and allocate funds appropriately.

However, inflation will also reduce the out-of-pocket revalue of previous debt. This survey appears to be based on the presumption that everything remains equal. The greater risk will be the hike in state and local taxes, in additional to federal.

The Gross Misunderstanding of Central Banks


Armstrong Economics Blog/Central Banks Re-Posted Nov 23, 2021 by Martin Armstrong

Spread the lovemore

Ever since 1927, when the Federal Reserve lowered interest rates in a failed attempt to help Europe, which still ended up defaulting in 1931, Keynesian economics succeeded in brainwashing the analysis of how people look at the central banks. Where the 1927 G4 attempt to lower rates in the US was intended to deflect capital back to Europe, smart capital began to smell a rat, and they were correct. The capital inflows to the United States intensified and aided in creating the 1929 bubble high just as the 1989 Japanese bubble aided by capital inflows.

Then there was the G5 in 1985 that stupidly tried to lower the value of the dollar to reduce the trade deficit. They were clueless that at the same time, that would devalue US assets by 40%, which resulted in the 1987 Crash. You cannot lower the value of the dollar to sell more goods without also lowering the value of everything in your country. They don’t teach that in economics class because the government is supposed to be all-powerful.

Now people claim the entire rally is because the Fed has been engaging in QE since 2008. They claim the Fed has inflated the assets and the entire movement they attribute to the Fed’s actions. This is no different than the commands from Fauci to wear masks when at the beginning he stated that masks do nothing. There are people who wear a mask when driving alone in a car because they are incapable of independent thought. This is the same problem – as Stanley Milgrim called it, blind Obedience to Authority.

Post-Great Depression, the analysis became MARXIST. Oh, the Fed will raise rates because they do not want us to buy assets so the stock market should drop. But the Fed raised rates all the way into the rally until COVID. That did not prevent the rally. Yet analysts continue this brainwashed analysis that raising rates is bearish for the market.

Now they claim that, oh, it’s QE. They never look at the system as a whole, which includes international capital flows. The Fed failed to produce inflation while engaging in QE between 2008 into 2019. They ignore that, just as the global warming crowd ignores everything before 1850. If the Fed issued $1 trillion and buys in US Treasuries, I hate to tell you, but it has ZERO impact. Why? Because debt today is simply cash that pays interest.

Once upon a time, you could not borrow against government debt. Thus, it was deemed non-inflationary as long as it could not be used as money. Today, you post bills as collateral to trade futures. The old theories no longer exist in this new strange world we live in. Hence, all the QE was merely swapping the debt for cash.

Then it all depends on who is actually the seller of the debt to the Fed. If China sold its debt for cash, then the dollar went offshore and the domestic money supply never increased. There is a lot more to this game than the simplistic analysis that leads to brainwashing the financial community and investors. I know. I have been one of the few international advisers dealing with people on all continents.

Cultural Marxism Running Amok – San Francisco Media Say Term “Looters” is Off Limits


Posted originally on the conservative tree house on November 23, 2021 | Sundance | 207 Comments

At first I thought this was a parody of news media outlooks.  However, once I saw the article [ABC News] I realized it was not a spoof; it’s very real.

The San Francisco news desk of ABC7 actually has a position called “race and social justice reporter” who claims the term “looting” is a politically and culturally incorrect way to describe the looting that has been taking place over the past several days.  However, I’m not exactly sure of the journalist’s qualifications for reporting, because he also claims not to be able to see the race of the people doing the actual looting.  WATCH:

… In order for the ideological leftists to continue advancing their insane ideology, they have to pretend not to know things. Race and social justice reporter Julian Glover is certainly proving that point by pretending not to see who is doing the robberies.

Energy Secretary Touting Biden’s Oil Release Doesn’t Know How Many Barrels of Oil We Use Or Need


Posted originally on the conservative tree house on November 23, 2021 | Sundance | 380 Comments

Eh, this is awkward… and simultaneously so typical of the current administration.   The White House trotted Energy Secretary Jennifer Granholm to the microphones today to tell the DC stenographers how brilliant, beneficial and strategically necessary it is to release 50 million barrels of oil from the Strategic Petroleum Reserve in an effort to lower gasoline prices.  The enthusiastic Energy Secretary read the script, gave her talking points and then took questions.

However, after spending 15 minutes talking about the strategic brilliance of the 50 million barrel release, one of the stenographers accidentally asked: “that said, how many barrels of oil do U.S. consumers use every day?”…   Granholm paused, looked down and said: “I don’t have that number in front of me, I’m sorry“…  WATCH:

♦ The amount we are giving you is so incredible and brilliant it will make everyone’s lives better.  The best ever.

♦ How much do we need?

♦ I don’t know. We didn’t get that information.  But the amount we are giving is awesome.

Yup, that’s the Biden administration encapsulated.

Christmas Parade Terrorist Darrell E Brooks First Court Hearing at 5:00pm – Livestream Link


Posted originally on the conservative tree house on November 23, 2021 | Sundance | 243 Comments

The Black Lives Matter terrorist who killed five and wounded 20 is having his first court hearing today at 5:00pm ET.  Brooks will have his preliminary hearing in Wisconsin under the careful control of the U.S. Dept of Justice Community Relations Service (DOJ-CRS) who oversee all U.S. criminal cases when race is identified as the underlying motive for an attack. UPDATE: Video Added

Click on Waukesha County and select Court Commissioner to view.

Due to the high visibility of the case; and specifically because the DOJ-CRS are the primary stakeholder in the judicial proceedings {Go Deep}; the Community Relations Service has provided a court order instructing the Waukesha judiciary how they must engage/control media access.  [Media Instructions Here]  The CRS provides the template and Chief Judge Jennifer Dorow signed the order.

The primary concern for the CRS, aka ‘federal peacekeepers‘ is control over the national media narrative.  The techniques behind the court order are familiar.

The DC system operators have used racial division for their own benefit for decades; however, the peacekeeper deployment has been refined, updated and refreshed with the advent of technology and social media.

The CRS primarily focuses on clouding, obfuscating and hiding motives from violent race-based attacks.  They will take a small innocuous possibility and expand it into the larger talking points if that helps to deflect attention away from the real racial motive of a violent attack.  Remember, the CRS primarily activates when the controlled minority group attacks the majority group.

The CRS stands aside when national media and politicians push a false narrative that benefits their objectives.  When a NASCAR garage pull down rope is falsely promoted as a noose, the CRS just watch and do not refute the claim.  When Kyle Rittenhouse is wrongfully accused of being a white supremacist the CRS do not get involved, they just watch and do not refute the claim.  These examples advance the objective of the cultural Marxists and are therefore not impeded.

However, when a supported minority group attack the majority group with a motive based on race, the CRS quickly jump into action.  That is the specificity of what they do, and the CRS have broad power and authority to carry out their operations because they are aligned with one side of the political continuum.

The CRS use allied media to shape their control over their defensive justifications and narratives.  The CRS also have a massive network within the faith-based community that act as partners for their mission.

The African Methodist Episcopal church (AME) is a major partner for the CRS in their objectives.  Their relationship goes back to the civil rights era, before the CRS was corrupted for unilateral political benefit.  There is also a large network of nationwide community activist groups who are part of the CRS rolodex.  The federal peacekeeper reach is massive and, because of the cultural sensitivity they use as a weapon, it is virtually unchallenged.

What we will witness today in Waukesha, Wisconsin, is entirely scripted by the DOJ Community Relations Service.  The CRS will want national attention on this attack to disappear quickly.  They will coordinate this effort by focusing any response to media on a local level.  The CRS do not want detailed national media coverage, and the media is more than willing to bury it.

Click on Waukesha County and select Court Commissioner to view.

Joe Biden Promises to Let Taxpayers Pay for Gasoline They Already Purchased


Posted originally on the conservative tree house on November 23, 2021 | Sundance | 238 Comments

Apparently the people behind Joe Biden realize the ridiculous prices at the gas pump are going to be a major political issue for them in the next election. As a result, they have decided to release 50 million barrels of oil from the strategic petroleum reserve (SPR), enough for approximately 3 days of demand. [Announcement Here]

The strategic reserve is intended as an emergency supply in the event of war or national crisis that demands we have some insurance measures to protect ourselves. The SPR is the world’s largest supply of emergency crude oil, and the oil stocks are stored in underground salt caverns at four storage sites in Texas and Louisiana.

The oil in the strategic oil reserve was previously paid for by taxpayers. What Biden is doing right now is giving reserve oil to energy companies who then turn around and refine it into gasoline for taxpayers to purchase. We get to buy it twice, and Biden wants to be thanked for doing it.

The Biden administration is going to lower gas prices for taxpayers by allowing taxpayers to purchase their own oil.  Brilliant!

In related news, the Biden administration also held a call today [LINK] to announce their plan to ease inflation by printing more money.

“I know Scout,… I know buddy”… “I know”…

Nigel Farage on Austria


Armstrong Economics Blog/Vaccine Re-Posted Nov 23, 2021 by Martin Armstrong