What is BIOMILQ and how is it connected to the formula shortage? Former TV reporter Allison Royal discusses her recent report about laboratory-made infant formula, funded by Bill Gates, Zuckerberg and others. An interesting point she makes is Gates funding of media (in this case The Guardian) and their reporting on the formula shortage, disparaging breast feeding.
Surprisingly this NBC report admits the obvious. The national price of a gallon of unleaded regular gasoline is projected to hit $6.00/gal by Labor Day. Some states like California are already exceeding that amount, with reports that some CA gas stations are near $10/gal. WATCH (1:08 sec):
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Earlier today, Joe Biden, working toward the agenda of Elizabeth Warren, Bernie Sanders, Wall Street multinationals, and the radical climate change activists within the far left of the socialist democrat party, declared a national emergency around the issue of U.S. energy prices and policies. [SEE HERE]
On the front side of the justification, the people in control of the Biden administration, claim that current and future increases in energy prices are likely to do severe damage to the economy and the lives of all Americans. However, in the background of the issue, this is the ‘never let a crisis go to waste’ phase of an energy crisis the administration has intentionally created.
The real goal is to fundamentally transform the foundation of the U.S. economy away from fossil fuels and into a new era of clean renewable energy. This is what all of the Biden cabinet officers now refer to as the “economic transition” phase.
Joe Biden’s executive announcement today is the triggering of increased federal government control over the United States energy system.
Ideological government intervention, completely disconnected from the free market, is facilitated by the declaration of a federal national emergency:
[WHITE HOUSE] – Today, President Biden is authorizing the use of the Defense Production Act (DPA) to accelerate domestic production of clean energy technologies – unlocking new powers to meet this moment. Specifically, the President is authorizing the Department of Energy to use the DPA to rapidly expand American manufacturing of five critical clean energy technologies:
In deploying the DPA, the Biden-Harris Administration will strongly encourage the use of strong labor standards, including project labor agreements and community benefits agreements that offer wages at or above the prevailing rate and include local hire provisions. The Administration also will strongly encourage projects with environmental justice outcomes that empower the clean energy transition in low-income communities historically overburdened by legacy pollution.
Following this announcement, the White House and the Department of Energy will convene relevant industry, labor, environmental justice, and other key stakeholders as we maximize the impact of the DPA tools made available by President Biden’s actions and strengthen domestic clean energy manufacturing. (more)
The Biden administration then immediately triggered the Defense Production Act for the U.S. government to: (a) suspend tarrifs; and (b) take control over procurement for all key components needed in the transition from fossil fuel to solar energy. The products will come from Southeast Asia as the main hub of solar equipment is not located within the United States. DPA Excerpt:
[…] exported from the Kingdom of Cambodia, Malaysia, the Kingdom of Thailand, and the Socialist Republic of Vietnam, and that are not already subject to an antidumping or countervailing duty order as of the date of this proclamation, and to temporarily extend during the course of the emergency the time therein prescribed for the performance of any act related to such imports. (read more)
The DPA emergency authorities have been given to the Dept of Commerce and the people working under Commerce Secretary Gina M. Raimondo, the former governor of Rhode Island. Each of the DPA’s released today targets specific components of the solar industry [SOURCE LINK].
Obviously, this massive shift in the governmental takeover of energy development is part of facilitating the aforementioned “Green New Deal.” The approach follows a pattern that is transparent for those who are capable of accepting things as they are, not as we would wish them to be.
Joe Biden shut down domestic energy development, cancelled pipelines, cancelled leases, retracted the ability to drill in ANWAR (Alaska), and triggered massive new regulatory approaches from the Commerce, Interior and Energy departments. The resulting increases in oil, natural gas, gasoline, electricity and energy costs overall – which became fuel on the furnace of inflation, have now created the energy crisis that Joe Biden is declaring a national emergency to solve.
Biden himself has no idea what is happening; he is simply following the instructions of the policy operators who are in control of the administration. It is the people in the circles of Elizabeth Warren, Bernie Sanders and the climate change activists within the DC bureaucracy that are executing the nuts-and-bolts shifts. They tell Biden what to do, and he cluelessly does it. We are the people who end up paying the price for their effort.
It would appear the primary goal is to push everything as fast as possible beyond an infrastructure threshold that could be reversed if/when the radicals are rebuked by the victims, us.
The democrat-socialists are ‘all-in‘ on this economic kamikaze mission.
The radicals took off on inauguration day with a nuclear economic device and only enough fuel for a one-way trip. They are nearing their destination.
Last Friday the Biden administration raised the mandatory amount of biofuel, specifically ethanol, that must be blended within the U.S. gasoline supply. The previous amount of 10% (summer blend) was raised to a year-round 15% (waiver) by the Environmental Protection Agency (EPA). This is likely to lead to two sets of bigger issues, less food and higher gas prices.
♦ First issue. – The Renewable Fuel Standard (RFS) is a government mandate, passed in 2005 and expanded in 2007, that requires growing volumes of biofuels to be blended into U.S. transportation fuels like gasoline and diesel every year. Approximately 40 percent of corn grown in the U.S. is used for ethanol. Raising the amount of ethanol required in gasoline will result in the need for more biofuel (corn). With farming costs and outputs already under pressure this could be problematic.
♦ Second issue – The EPA enforces the biofuel standard by requiring refineries to submit purchase credits (known as Renewable Identification Numbers, or RINs) to the Environmental Protection Agency (EPA) proving the purchases. This enforcement requirement sets up a system where the RIN credits are bought and sold by small refineries who do not have the infrastructure to do the blending process. They purchase second-hand RIN credits from parties that blended or imported biofuels directly. This sets up a secondary income stream, a trading market for the larger oil companies, refineries and importers.
The RIN credit trading platform is similar to what we might expect to see if the ‘Carbon Trading’ scheme was ever put into place. However, now that summer biofuel requirements for blended gasoline have gone from 10% to 15%, the price of the RIN credits will likely jump. This will cost refineries billions in additional expenses,…. which will mean the cost of the gasoline from the refineries will increase,….. which will mean the cost of the gasoline at the pump will go higher.
The EPA theory is that RIN credits should be expensive thereby forcing all oil refineries to invest in infrastructure that makes the blended fuel. All of the infrastructure from the refinery to the gas station would need to be modified to facilitate the new 15% RFS standard. Again, higher prices at the pumps as a result of oil companies and refineries needing to spend billions on upgrades. Which brings us to issue number three.
♦ Third Issue – “Ethanol is a valuable source of octane in finished gasoline, but it is chemically different than petroleum gasoline and cannot be used in concentrations above 10 percent in small engines — like outboard boat motors, motorcycles, lawnmowers, generators or chain saws — or in any cars made before 2001. Complicating matters further, most cars on the road today still aren’t warrantied to run on gasoline with more than 10 percent ethanol. Retail stations also must have compatible infrastructure in order to sell gasoline with higher ethanol blends.” This issue is known within the industry as “The Blend Wall.”
The net result of Joe Biden’s EPA raising the mandatory amount of biofuel that must be present in the U.S. gas supply is this:
The predictable Biden outcome is the absolute worst scenario for the middle-class.
ABC Article on the EPA change HERE.
AFPM Background Information HERE.
WASHINGTON – “The American Fuel & Petrochemical Manufacturers group, which represents refineries, called the 2022 figure “bewildering and contrary to the administration’s claims to be doing everything in their power to provide relief to consumers.” The group said unachievable mandates will increase fuel production costs and keep consumer prices high.” (more)
Kremlin spokesman Dmitry Peskov is warning the US that they have become instigators in the Russia-Ukraine war. “We believe that the U.S. is deliberately pouring oil on the fire. The U.S. is obviously holding the line that it will fight Russia to the last Ukrainian,” Peskov recently told reporters, according to Reuters.
Peskov’s warning comes shortly after Russia deemed most “unfriendly” nations as “hostile,” and with good cause. In an interview with PBS, Peskov said that President Biden’s suggestion to remove Putin from power was taken as a personal insult as the people of Russia, not the president of a foreign nation, determine Russian leadership.
Peskov speaks clearly and confidently; he does not seem like a madman hell-bent on war. In fact, he stated that Russia never wanted war. For decades, Russia has told the West that they are “afraid of NATO” moving closer into their territory. “Please take care of it and do not push us into the corner,” the Kremlin spokesman explained. In Russia’s eyes, they are on the defensive. Putin strictly warned other nations not to interfere in Russia-Ukraine relations. Peskov now states that the West, not Ukraine, is “leading the war against us.”
As for the claim that Russia will launch nukes, Peskov made it clear that Russia has no plans to do so, but would under an existential threat. He clarified that the “existence of the state” and “special military operations in Ukraine” have nothing to do with one another. Ukraine certainly cannot back Russia in a corner to which it feels it must implode its way out, but the West does and is pushing that boundary daily.
Unfortunately for Biden, the Great Unwashed is not gullible enough to accept his explanation that Putin is to blame for inflation. A Convention of States Action/Trafalgar Group survey found that most respondents (59.9%) believe Biden’s policies are the “leading contributor” to rising prices. Around 87.9% of Republicans and 61.1% of Independents cited Biden as the leading culprit, while only 55.2% of Democrats were ready to admit that Biden is destroying the economy.
Biden insists the American Rescue Plan and vast overseas donations did not contribute to inflation. He insists preventing America from being energy independent did not contribute to inflation. Even his own Treasury Secretary Janet Yellen cannot stand by these lies. Yellen insisted in March 2021 that inflation posed a “small risk” for America. In May 2021, Yellen said inflation would not become a problem. Then the $1.9 trillion American Rescue Plan was signed into law. Biden eliminated oil permits and allowed ports to clog.
This Tuesday, Yellen finally admitted she and the Biden Administration were wrong about inflation. “As I mentioned, there have been unanticipated and large shocks to the economy that boosted energy and food prices, and supply bottlenecks, that have affected our economy badly that I, at the time, didn’t fully understand,” Yellen told CNN. “But we recognize that now.”
Although they recognize the issue, there is no plan in place to implement policies to ease inflation. Upon meeting with Fed Chair Powell, Biden simply said that it is the Fed’s place to solve the crisis he created. “My plan to address inflation starts with a simple proposition: Respect the Fed. Respect the Fed’s independence,” Biden said. Since the Fed is independent of the government, he has no choice but to “respect the Fed’s independence.”
Treasury Secretary Janet Yellen has more financial and analytical resources at her fingertips than thousand hedge funds combined. When Secretary Yellen claims today that she “got it wrong” about inflation, what she is doing is continuing the game of pretending; she’s positioning the administration as incompetent, not deliberate.
The illusion of incompetence plays into the scheme of hiding the fact the administration is working through a purposeful strategy. In the game of pretending; and under the current circumstances; it is better to be seen as incompetent than recognized as working with malicious intent. This is the illusion behind Joe Biden’s usefulness.
This is also the organized pretending game within DC that too few people will accept or admit. The Treasury Secretary and Federal Reserve Chairman are not making mistakes, they are working on a specific agenda and economic plan. Federal Reserve Chairman Jerome Powell was not late to raise interest rates, he waited on purpose. He waited for the political reason of waiting until the triggered 2021 inflation spike cycled through the full calendar year.
These are not monetary policy leaders making monetary policy mistakes. These are monetary policy political ideologues, carrying out a political agenda within the U.S. economy. This is part of what National Economic Council Chairman Brian Deese would call the “economic transition.” WATCH this through the correct prism:
After initially telling everyone, “We’re celebrating Pride Month at the Ramstein Library with Drag Queen Storytime! Be sure to wear your brightest and most colorful outfits!,” apparently, the chief of public affairs, Lt. Col. Will Powell, now says the event did not go through the vetting process prior to the announcement.
According to the Washington Examiner: “The controversial event comes amid a growing ideological divide among liberals and conservatives about how and who should be teaching children about sexuality.
Conservatives have argued that these lessons should be left up to the parents, while some liberals in educational settings have begun teaching children about these topics according to their own views, at times without parental consent.” (more)
However, comrade binaries, all is not lost. The United States Marines and the United States Airforce are putting their best boots forward and promoting inclusive wokeism as part of a new military outlook under the new leadership of a more progressive -and sensitive- commander in chief.
With additional military forward deployment and support for Ukraine President Volodymyr Zelenskyy, a male pronoun comfortable in stilettos, the enlightened coalition will soon arrive in the rainbow fields of Ukraine to combat the horribly patriarchal Russian advancement.
The U.S. Marines are well positioned in the cultural battlespace as noted by their announcement earlier today:
The pesky Russians don’t stand a chance against a well choreographed advance reconnaissance team. The few and very proud, with a well trained twerking division of soldiers ready to bare it all in defense of our allies, are practicing their line-dance formations as we speak.
Joint Chiefs’ Chair Mark Milley has assured Defense Secretary Austin that our fabulous troops will be well protected. The angels on their shoulders have triggered rainbow air support.
Dear leader has yet to announce who will be bringing up the rear; however, we suspect the U.S. army will rise to the occasion.
Anytime you hear the code-word “transition”, what the explainers mean is the change from traditional oil, gas and fossil fuels to renewable energy and the Green New Deal. The phrase “economic transition” is used to explain the economic collapse of Main Street that will happen during the switch. Remember THE GOAL? It has never changed.
National Economic Council Director Brian Deese, aka the U.S. version of Baghdad Bob, appears before several audiences today in an effort to use as many words as possible to explain the “transition,” without actually explaining the “transition.” Why? Because they don’t want the average person to know what the “transition” is all about…. Because if the average person knew what this “transition” is all about, then they might realize all of these massive increases in price are being done intentionally. WATCH:
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Again, you guys are going to get sick of me saying this…. BUT, the number one problem our country faces is that the vast majority of us are PRETENDING.
The White House is pretending the U.S. government does not have full control over what is happening in the economy. The media are pretending not to know that the White House is avoiding admitting the agenda and economic pain is intentional and unavoidable. The republican politicians are pretending the Biden economic transition program is because the White House is incompetent. All of these -and so many more- are just pretenses.
What is being done by the government, in this decision to switch from an oil and gas economy into a wind and solar economy, is being done on purpose. Yes, everyone at every level of government, both political parties and every agency within it, and the entirety of the corporate media are pretending not to know this is the Green New Deal taking place.
We cannot confront or solve this stuff, until we -including media- stop pretending. Brian Deese is Baghdad Bob.
I will not eat the bugs.
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May 26, 2022 | Sundance | 160 Comments
The Bureau of Economic Analysis (BEA) originally calculated the first quarter economy at a scale of -1.4% growth. The BEA revises that figure downward today with more data showing a contracted level of consumer spending [DATA HERE]. The economy contracted by -1.5% in the revised numbers.
Gross Domestic Product (GDP) is the dollar value of all goods and services produced in the economy, minus the dollar value of goods and services we import. The percentages discussed are percentages of change over time.
(1) U.S. inflation was revised upward (prices increased); (2) the estimate of calculated inventories was lowered; (3) the estimate of consumer spending was raised (inflation issue); which leads to (4) a massive drop in the calculation of disposable incomes. [See the Change Table]
Look at the revision to disposable incomes:
The Joe Biden’s economic policy is literally: (a) draining our savings and bank accounts, and (b) increasing our personal debt as we struggle to survive.
(Via MSM) – […] The U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong consumer spending, the Commerce Department reported Thursday.
First-quarter gross domestic product declined at a 1.5% annual pace, according to the second estimate from the Bureau of Economic Analysis. That was worse than the 1.3% Dow Jones estimate and a write-down from the initially reported 1.4%.
Downward revisions for both private inventory and residential investment offset an upward change in consumer spending. A swelling trade deficit also subtracted from the GDP total.
The pullback in GDP represented the worst quarter since the pandemic-scarred Q2 of 2020 in which the U.S. fell into a recession spurred by a government-imposed economic shutdown to battle Covid-19. (read more)
These economic conditions are mostly driven by energy policy. U.S. energy policy underlines almost all economic activity and touches every facet of our lives as a consumer. You cannot change U.S. energy policy so drastically without changing every single economic aspect which is connected to energy policy.
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I concur with that prediction.
Prepare your affairs accordingly.
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