Kamala Harris has done nothing to improve the lives of Americans during her time as vice president. It comes as no surprise that her approval rating is between 39% and 35.5%, depending on what poll you view. Harris is so unpopular that the Democratic National Committee (DNC) had to postpone their Women’s Leadership Forum that Harris was due to headline because they did not sell enough tickets. This indicates Harris is falling out of favor with her main support base — Democratic women.
Furthermore, Democrats expected people to shell out $15,000 to take their picture with the vice president. After some self-reflecting, the DNC will charge only $5,000 for a photo op with the unpopular vice president.
At least twelve staff members have left her office in the past two years after describing Kamala as “abusive” and “toxic.” Some former staff members said they are “terrified at the thought of her becoming president.”Her abusive treatment of staff members matches the apathy she shows to the American public in her interviews. One staff member said that being around Kamala left them with “a sense of paranoia in that office that you never knew when she was going to snap at you.” Biden may be losing his mind, but Kamala does not seem mentally stable either.
Posted originally on the conservative tree house on June 23, 2022 | Sundance
U.S. inflation was/is driven by supply side impacts as a result of policy (Build Back Better). The U.S. recession was/is now driven by demand side impacts that are the result of increased supply side costs. This is the natural economic truth being denied by all levels of political leadership.
Joe Biden policy makers, specifically the U.S. treasury secretary and the federal reserve chairman, have claimed -falsely- that current inflation was/is being driven by demand. In essence, and ironically, their position means consumers are to blame for high prices. This has been their story and they have stuck to it. However, remember monetary policy can only impact the demand side of the economy. Monetary policy cannot impact the supply side, that aspect is led by Joe Biden policy.
The Federal reserve, having denied (pretended) the supply side causation, has effectively raised interest rates (0.75%) into an economic environment where consumer demand was already contracting. CTH has been asserting this fundamental position all year. Here is the evidence:
US Manufacturing PMI fell dramatically to 52.4 in June 2022 from 57 in May. This drop is well below the market and economic expectations of 56, and now points to the slowest growth and steepest drop in factory activity in almost two years. Contractions in output and new orders are pushing the index down.
Production and new sales declined for the first time since the depths of the pandemic in mid-2020 driven by weak consumer demand. Inflation and a drop in wholesale and retail purchases have lowered purchase orders. The gears inside the economy are slowing to a halt.
Look at the PMI trendline and you can clearly see what we have been discussing on these pages since March of 2021. Consumer demand has been dropping in direct proportion to the dramatic rise in inflation (consumer prices).
At the exact moment that U.S. inflation began spiking in housing, energy, fuel and food, consumer demand for non-essential purchases, durable goods, started dropping. This is a natural outcome that mirrors your own experience in checkbook economics.
When food, fuel and energy cost you more, you stop buying stuff and start prioritizing.
Following the path of the “build back better” agenda, the U.S. version called “Green New Deal,” meant the Biden administration had to continue denying that any demand side contraction was taking place. However, it is clear from the indexes under the control of purchasing managers that orders for factory goods have been dropping.
The same is true on the services side of the PMI. Demand for services are being prioritized, and demand for non-essential services are dropping.
The U.S. economy is contracting. Denial abounds.
FXStreet – The S&P Global Manufacturing PMI plunged to 52.4 (flash) in June from 57 in May, missing the market expectation of 56 by a wide margin. This report revealed that the business activity in the manufacturing sector expanded at a much weaker pace in early June than it did in May.
Further details of the publication revealed that the Composite PMI declined to 51.2 from 53.6, compared to analysts’ estimate of 53.7.
Commenting on the data, “the pace of US economic growth has slowed sharply in June, with deteriorating forward-looking indicators setting the scene for an economic contraction in the third quarter,” said Chris Williamson, Chief Business Economist at S&P Global Market Intelligence. (more)
Jerome Powell recently admitted that combating inflation will lead to rising unemployment. Powell admitted that to establish price stability, the labor market will need to take a hit. “I would characterize that, if you were to get inflation down to, YOU KNOW, on its way down to 2 percent and the unemployment rate went up to 4.1 percent, that’s still a historically low level. We hadn’t seen-we hadn’t seen rates, unemployment rates below 4 percent until a couple years ago for, we’d seen it for like one year in the last 50. So, the idea that 3.6 percent is historically low in the last century. So, a 4.1 percent unemployment rate with inflation well on its way to 2 percent, I think that would be, I think that would be a successful outcome. So, we’re not looking to have a higher unemployment rate, but I would say that I would certainly look at that as a successful outcome,” Powell admitted.
The Fed Chairman said that they would “love” to return to the labor market that we experienced pre-pandemic when unemployment was at a historic low of 3.5%, and wage growth surpassed inflation. That is but a dream. “We’re not, again, we’re not, we don’t seek to put people out of work, of course, we never think too many people are working and fewer people need to have jobs, but we also think that you really cannot have the kind of labor market we want without price stability,” he admitted. The pandemic and COVID restrictions has ruined the US job market for many years to come.
That would indicate an immediate 1.4% decline in employment within the next few months on the low end of his estimate. Another 75 basis point rate hike is not off the table for July as the Fed has become hawkish in reversing its failed policies. Regardless, the US workforce is expected to take a big hit in the near future due to fiscal and policy mismanagement. The cost of basic necessities is rising, housing is unaffordable, and countless people will lose their jobs. The worst is yet to come.
Powell addressed Congress on Wednesday to curb inflation fears. The Fed is stuck between a rock and hard place right now as some must lose in order for the situation to improve. Not one to mince words, Sen. John Kennedy said, “We got a hell of a mess right now. You’re the most powerful man in the United States, maybe in the world.”
As I have mentioned, the Federal Reserve cannot combat inflation on its own. During his testimony, outspoken Elizabeth “Pocahontas” Warren indicated that she is utterly clueless about how government policy is damaging the economy. “Rate hikes won’t make Vladimir Putin turn his tanks around and leave Ukraine,” Warren uttered. Rate hikes also won’t prevent the US government from spending billions of dollars on a proxy war in Ukraine. “You know what’s worse than high inflation and low unemployment? It’s high inflation with a recession and millions of people out of work,” Warren stated. “I hope you consider that before you drive this economy off a cliff.”
The Biden Administration has already driven the economy off a cliff. The central bank is merely trying to heal an already injured economy with a limited medical kit. Elizabeth Warren and other “progressives” touted lockdowns and cheered as the unemployment rate rose to historical highs. They forced businesses to close, many permanently, but now suddenly seem concerned that unemployment will rise once again.
Powell admitted that rate hikes will not combat the soaring costs of groceries and gas. The Biden Administration reversed all measures that made America energy independent, and the supply chain problem is also completely out of the hands of the Fed. The situation will not improve until the US government aligns its objectives to support domestic policy, and that is something I do not foresee happening under a Democratic leader.
Posted originally on the conservative tree house on June 23, 2022 | Sundance
Oh, there’s so much that could be said about this… so much. However, what Tucker Carlson outlines in this monologue is accurate insofar as it merely scratches the surface of the DeceptiCons in Washington DC. {Direct Rumble Link} WATCH:
The UniParty issue does not start in Washington DC, it surfaces in Washington DC.
The UniParty agenda, the origin of the crap that we see surface in a toxically corrupt federal government, starts IN YOUR STATE.
The UniParty is an outcome of the private organizations that run the political parties known as the RNC and DNC. This is where almost all voters and political followers get lost. The Republican and Democrat parties are not affiliated with any construct of the United States government. They are private entities, private clubs, that can establish any set of rules and regulations for the people within the club/party. That’s where the origin of the feces begins.
The club can accept or deny membership for any person who wants to run for political office. The RNC and DNC clubs essentially select the politicians. There is nothing within this process that is even remotely democratic, representative or even visible in the framework of the U.S. constitution.
Private corporations known as the RNC and DNC run the professional political apparatus, and from that origination all of the corruption in the body politic -as outlined in the visible UniParty agenda- surfaces. Two clubs, both funded by Wall Street power brokers, globalists and ultra-rich mega-donors, select the members who will represent their interests in Washington DC. That’s the root of the issue.
The Republican National Committee (RNC), and the Democrat National Committee (DNC), are private clubs.
The RNC and DNC are corporations, private businesses; and just like all private businesses, they have the ability to make rules, bylaws, terms and conditions of membership and association that are completely arbitrary according to their charter.
The RNC and DNC are not entities of government. The RNC and DNC are not affiliates of government. The RNC and DNC have absolutely no connection to government, other than their arbitrary business model for helping politicians enter and remain within government.
In fact, the RNC and DNC are simply private corporations who engage in the business of politics. Whenever we start to forget the DNC and RNC are private corporations, we can slip into the mistaken belief that they operate on any form of baseline altruism.
These corporations exist for the fulfillment of their mission; and their mission is to use the business of politics as a method of financial reward to sustain the business model.
Some call these private entities, these corporations, “clubs,” because using that term helps to remind us that these groups do not operate without a private agenda.
The rules within the RNC club are determined by the people who control the club charter, primarily large donors who fund the corporate business. If they have a particular intent or direction, they wish the club to support or take, they control how the club engages in the process of achieving their outcome. That effort is taken regardless of the opinion from the subordinate members in the club.
Through the process of controlling the corporations, the private clubs, both the RNC and DNC control how political events take place. Nothing within this process is contingent upon the support of the voting electorate.
Each state and local precinct has their own chapter of the club, and often the corporate direction, specifically the club activity in/around Washington DC, is different from what the local groups want to see take place. However, just because the local chapter of the group disagrees with the parent company or board of directors, does not mean the larger corporate entity will change anything.
When we are evaluating political events inside the United States, it is critical to keep reminding ourselves that what is taking place, or what is not taking place, are outcomes determined within the executive suites of a private club. This is an unfortunate system dynamic, but it is a critical point that once fully understood explains many of the issues people have with the registered politicians within the club.
The RNC and DNC are businesses. Their decisions are business decisions. The club actions, or lack thereof, are all part of the business of politics.
The tenured participants in the club do not operate arbitrarily in a vacuum. They talk to each other, communicate with each other, organize with each other, plan with each other, and collaborate for the larger objectives of the private corporation.
Nothing within the business system of DC and club politics has anything to do with the constitutional framework of U.S. government.
Again, for emphasis. The governing process and constitutional aspects of the framework within the U.S. government, have absolutely nothing to do with the two private corporations known as the RNC and DNC.
A potato farmer has no influence on McDonalds, despite the fact the fast food corporation sells french fries.
Posted originally on the conservative tree house on June 22, 2022 | Sundance
Yes, inflation is global; mostly. That’s because all of the western governments and their central banks followed the exact same pandemic lockdown & spending instructions from the World Economic Forum.
The plan -as outlined publicly, was for government leaders to lockdown the economic activity (supply side), then spend to subsidize and fill the losses in economic activity (demand side), then reopen the economies using the Build Back Better agenda as a reset moving the underlying energy economy away from fossil fuels.
This was the collective plan, and they all followed the exact same playbook. This is the origin of inflation. The BBB plan disrupted the supply side, then triggered a reopening of the demand side while the supply remained scarce. Simultaneous to the reopening, all former energy development processes were no longer supported by investment or policy.
In the aftermath, the energy sector was fractured and combined with higher costs for the production of all goods, that’s what is continuing this upward inflation spiral.
CANADA – Canada’s annual inflation rate accelerated to 7.7% in May, the highest since January 1983, on gasoline prices, as well as services like hotels and restaurants, Statistics Canada said on Wednesday. Analysts polled by Reuters had expected the annual rate to rise to 7.4% in May from 6.8% in April. (read more)
U.K. – Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and one which underlines the severity of the country’s cost-of-living crunch.
The reading was up from 9.0% in April and matched the consensus of a Reuters poll of economists. Records from the Office for National Statistics show May’s inflation was the highest since March 1982 – and worse is likely to come. (read more)
The rate of individual nation inflation is directly related to the scale of the individual government spending in proportion to the size of their economy.
Food inflation has been bad all year. However, the third wave of food inflation is still 60 to 90 days away, and that wave from the field will be double the first two waves once it reaches the stores.
Supply side inflation, primarily driven by increases in energy costs, continues flowing through the global and domestic supply chain as reflected in the producer price index. However, demand side inflation is no longer attached to durable goods. Demand for non-essential goods and services has dropped as housing, food, fuel and energy costs are now the priority.
Posted originally on the conservative tree house on June 22, 2022 | Sundance
Andrew Gillum was the 2018 Democrat candidate for Florida Governor who came within a few thousand votes of winning the race. He was hired as a CNN contributor. a few months later he was found by police, naked, high on drugs and incapacitated in a hotel room with male prostitutes in Miami.
Today, Andrew Gillum was indicted on 21 charges of corruption, bribery, conspiracy, wire-fraud and soliciting campaign contributions for personal use.
TALLAHASSEE, Fla. (AP) — Andrew Gillum, the 2018 Democratic nominee for Florida governor, has been indicted on 21 federal charges including conspiracy and wire fraud for funneling donations through third parties back to himself for personal use, prosecutors said Wednesday.
The U.S. Attorney for the Northern District of Florida said Gillum, 42, is also charged with making false statements to the Federal Bureau of Investigation for claiming he didn’t receive or ask for anything from two undercover agents posing as developers. The undercover agents offered gifts and money in exchange for support for projects.
Sharon Janet Lettman-Hicks, 53 and the owner of a communications company, is a codefendant on the wire fraud charges for funneling money to Gillum in the form of paychecks, U.S. Attorney Jason R. Coody said in a statement.
Prosecutors said the pair “conspired to commit wire fraud, by unlawfully soliciting and obtaining funds from various entities and individuals through false and fraudulent promises and representations that the funds would be used for a legitimate purpose.”
[…] Gillum met with undercover FBI agents posing as developers while he was mayor and during his campaign for governor. His associates sought donations from the agents, and suggested ways to provide money without listing them as political contributions, including paying for a fundraising dinner, according to the indictment.
The agents were asked to contribute $100,000 to Gillum’s campaign and said the money could be given to a private company in order to keep the agents’ names out of campaign finance documents. The agents said they would want favorable consideration on development projects and were told that wouldn’t be a problem, according to the indictment.
The agents also met with Gillum in New York City and paid for his hotel, food and drink, a boat ride and a ticket to see “Hamilton,” according to the indictment.
Later, other FBI agents interviewed Gillum and asked if he had contact with the undercover agents. Gillum told them that he never asked for or received anything from the “developers,” and stopped communicating with them after they tried to link contributions to support for their projects, the indictment said.
An individual not named in the indictment donated $250,000 to Gillum’s political committee, but only $100,000 was put toward the campaign. Gillum and Lettman-Hicks said most of the remaining money was going to a voter education program, knowing the service wouldn’t be provided, according to the indictment. (read more)
Former Tallahassee mayor and Democratic nominee for FL governor @AndrewGillum is joining @CNN as a political commentator.
Posted originally on the conservative tree house on June 22, 2022 | Sundance
The conflict of interest is simply off-the-proverbial charts here. Tom Donilon is a deep DC swamp operator and has been for his entire career. Donilon is connected to every tentacle of the Obama and Biden administrations. Donilon is also the Chairman of the BlackRock Investment Institute.
We have written about the conflicts {Go Deep Here} and {Go Deep Here}, but this move by Secretary of State Anthony Blinken is stunningly fraught with serious conflicts of interest.
Tom Donilon’s literal job description at Blackrock is to “leverage the firm’s expertise and generate proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation,” and the State Dept has just appointed him as Co-Chair of the U.S. foreign policy advisory board.
Specifically, the Biden administration has just put Blackrock Investment Institute Chairman Tom Donilon in charge of U.S-China policy.
How in the proverbial hell can this be permitted? That’s way beyond a rhetorical question. The Dept of State has selected a team of Wall Street control agents to guide global U.S. policy.
(STATE DEPT) – Today, Secretary Blinken announced his selections for the U.S. Department of State’s Foreign Affairs Policy Board.
Since its establishment in 2011, the Board has provided independent advice on the conduct of U.S. foreign policy and diplomacy, consistent with each Secretary of State and administration’s evolving priorities for it.
Secretary Blinken has sought to build a diverse board that could advance the Department’s efforts to better root American diplomacy in the needs and aspirations of the American people. With expertise at the intersection of foreign and domestic policy, the Board will focus on the issues of increasing importance to the lives and livelihoods of Americans in the decade ahead, including cybersecurity and emerging technologies, climate and energy, international economics, global health, and strategic competition with the People’s Republic of China. (read more)
Tom Donilon has been appointed Co-Chair of this foreign policy group.
Pictured above BlackRock Investment Institute Chairman Tom Donilon (former National Security Advisor to President Obama), celebrating an international collaboration with China’s Chairman Xi Jinping
(JUNE 2021) BlackRock, Inc. (together with its subsidiaries) is a massive publicly traded multinational investment firm with over $8.68 trillion in assets under management [December 31, 2020 financial statement] in more than 100 countries across the globe.
To say that Blackrock is invested in globalism, climate change and leftist politics, would be a severe understatement {See Here}. Larry Fink is the CEO and people like Cheryl Mills, Hillary Clinton’s attorney of record, are on the board.
Inside BlackRock there is a division called the BlackRock Investment Institute (BII) {See Here}.
Essentially the role of the BII is to tell BlackRock what is going to happen around the globe, and be the tip-of-the-spear in directing BlackRock where to invest money by predicting political events.
The Chairman of the BlackRock Investment Institute is Tom Donilon, President Obama’s former National Security Advisor (before Susan Rice), and a key advisor to Joe Biden throughout his career in politics.
You cannot get more deeply connected in the swamp financial schemes than Tom Donilon.
Donilon has been in/around government for 35+ years, deeply connected. Before joining the Obama administration Donilon was a registered lobbyist from 1999 through 2005 for O’Melvney & Myers. {Bio Here} Tom’s sole client was Fannie Mae. Fannie Mae is a government-backed private corporation that sells mortgages to investors.
Donilon took the lobbying gig because he was previously Executive Vice President for Law and Policy at Fannie Mae where he was responsible for Fannie Mae’s legal, regulatory, government affairs, and public policy issues. Tom Donilon’s BlackRock Biography reads like a who’s-who of connections to the swamp {READ HERE}
♦Tom Donilon’s brother, Mike Donilon is a Senior Advisor to Joe Biden {link} providing guidance on what policies should be implemented within the administration. Mike Donilon guides the focus of spending, budgets, regulation and white house policy from his position of Senior Advisor to the President.
♦Tom Donilon’s wife, Catherine Russell, is the White House Personnel Director {link}. In that position Donilon’s wife controls every hire in the Office of the Presidency.
♦Tom Donilon’s daughter, Sarah Donilon, who graduated college in 2019, now works on the White House National Security Council {link}
So let me just summarize this…. The Chairman of the BlackRock Investment Institute, the guy who tells the $8.7 trillion investment firm BlackRock where to put their money, has a brother who is the Senior Advisor to Joe Biden; has a wife who is the White House Personnel Director; and has a daughter who is now on the National Security Council.
Put another way… Tom Donilon’s literal job description for BlackRock is to: “leverage the firm’s expertise and generate proprietary research to provide insights on the global economy, markets, geopolitics and long-term asset allocation,” and his wife is in charge of White House personnel, his brother is Senior Advisor to the President, and his daughter is on the National Security Council. He has just been put in charge of U.S-China policy by the State Dept.
You seeing this?
Conflicts, insider trading, influence and insider information much?
So now the question becomes, WHY?
Here is the answer – March, 2022:
When CTH outlined the ‘Destination Handbasket’ framework {Go Deep}, we had no idea Blackrock CEO Larry Fink was essentially going to confirm the premise of our prediction. Keep in mind, any digital currency can only work if there is a digital identity attributed to it – what some have called a digital passport which then creates a crypto wallet.
I have based the framework, of what appears to be over the horizon, on a set of inevitable geopolitical outcomes if the current path is continued. The letter by Blackrock CEO Larry Fink [LINK] seems to affirm the strongest likelihood of a western-inspired digital currency eventually replacing the dollar.
NEW YORK, March 24 (Reuters) – BlackRock Inc’s (BLK.N) chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as the conflict upends the globalization drive of the last three decades.
In a letter to the shareholders of the world’s largest asset manager, Fink said the war will push countries to reassess currency dependencies, and that BlackRock was studying digital currencies and stablecoins due to increased client interest.
“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”, he said.
[…] In the letter on Thursday, the chairman and CEO of the $10 trillion asset manager said the Russia-Ukraine crisis had put an end to the globalization forces at work over the past 30 years.
[…] “While companies’ and consumers’ balance sheets are strong today, giving them more of a cushion to weather these difficulties, a large-scale reorientation of supply chains will inherently be inflationary,” said Fink.
He said central banks were dealing with a dilemma they had not faced in decades, having to choose between living with high inflation or slowing economic activity to contain price pressures. (read more)
You see that problem, that “dilemma” Fink mentions in the last paragraph above. That is what we have been talking about on these pages for more than two years. It is a dilemma western government created when they all joined together and followed the exact same financial path during the pandemic.
When western governments used the justification of the global pandemic to shut down their economies, enforce lockdowns and all of the subsequent rules, restrictions and economic pains as a direct result of those decisions, they put us on a crisis path that was always going to bring us to this “dilemma.” Quite frankly, I do not see that unity of action as accidental, nor do I see it as organic.
All of the western leaders followed the same monetary and financial policy that was being advanced by the World Economic Forum. They all spent like crazy, and provided tens-of-trillions in bailouts, subsidies and cash payments to cover the economic losses created by their COVID lockdowns. They all did exactly the same thing, and that collective action is why we have ‘global inflation.’
Perversely, while inflation crushes the working class, global inflation works to their benefit by lowering the cost of the debt the politicians created, which the central bands and federal reserve facilitated. We the citizens are suffering under inflation, but the governments that created the inflation actually benefit from it.
I will say with great deliberateness, these western governments want inflation. Sure, it provides a political challenge for those who need to get reelected by voters, but in the bigger of big pictures, they need inflation. Think about it in very simple terms. If they did not want inflation, those same central banks and federal reserve policy makers would have raised interest rates six to eight months ago.
None of what is happening in supply chains and inflation is a surprise to them; they might pretend not to know, but these are not stupid people. This is by design. Media covers for them because, well, I’ll accept the PR firms for the regimes are idiots. However, the people who constructed these policies to take advantage of COVID-19 are not dummies. They knew what all that intervention, manipulation and govt spending would lead to.
Where we are going now is a self-fulfilling prophecy, a destination that is a result of specific action the guided policymakers have taken.
The World Government Summit 2022 took place on March 29 and 30 in Dubai, hosting more than 4,000 individuals from 190 countries including senior government officials, heads of international organizations, and global “experts.” The invited participants presented ideas and worldviews from within their various fields of specialty.
One presentation that needs to be highlighted was from Dr. Pippa Malmgren, an American economist who served as special advisor on Economic Policy to President George W. Bush.
Her father, Harald Malmgren, served as a senior aide to US Presidents John F. Kennedy, Lyndon B. Johnson, Richard Nixon, and Gerald Ford. In this segment, Mrs. Malmgren says the quiet part out loud. Yes, they are no longer hiding the construct; indeed, as you will hear they are saying quite openly what the future will look like. WATCH (2 minutes):
Transcript – Dr. Malmgren: “What underpins a world order is always the financial system. I was very privileged. My father was an adviser to Nixon when they came off the gold standard in 71. And so, I was brought up with a kind of inside view of how very important the financial structure is to absolutely everything else.
And what we’re seeing in the world today, I think, is we are on the brink of a dramatic change where we are about to, and I’ll say this boldly, we’re about to abandon the traditional system of money and accounting and introduce a new one. And the new one. The new accounting is what we call blockchain.
It means digital, it means having a almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on. It also raises huge dangers in terms of the balance of power between states and citizens.
In my opinion, we’re going to need a digital constitution of human rights if we’re going to have digital money. But also this new money will be sovereign in nature. Most people think that digital money is crypto, and private. But what I see our superpowers introducing digital currency, the Chinese were the first the US is on the brink, I think of moving in the same direction the Europeans have committed to that as well.
And the question is, will that new system of digital money and digital accounting accommodate the competing needs of the citizens of all these locations, so that every human being has a chance to have a better life? Because that’s the only measure of whether a world order really serves!”
The entry into a digital currency, needs a digital identity.
The end goal of a digital currency is why western political leaders have not been worried about following the COVID-19 spending demands from the World Economic Forum. {Go Deep}
When the global trade currency does not need to be pegged to anything to determine value, it is completely fiat. This is the current problem with global trade and transactions taking place in U.S. dollars, which arbitrarily lifts the standard of life for Americans while providing no similar benefit to other nations. That view became the underlying motive for Osama Bin Laden to target the World Trade Center, twin towers. That view was/is also the perspective carried by Barack Obama, that lay behind his “fundamental change” statement.
A digital currency allows ultimate control on a global basis by a one world government, or western system of collective governments, that can assign value. No other mechanism will have as much control over the life of a person than a digital currency that will create a system of transactional credits and debits, perhaps also influenced by your social credit score.
The digital currency requires a digital identity in order for apportionment based on your value to society. This is essentially an extension of the Fabian mindset into the world of financial transactions and monetary evaluations. Fabians believed that some form of socioeconomic tribunal would be needed in order for each citizen to be quantified according to their “worth” to society. The Chinese social credit score is a variant of that same concept.
The phrase “you didn’t build that,” when espoused by former President Obama and current Senator Elizabeth Warren is also based on this collective worldview. Both believe that individuals do not succeed independently, but rather gain their ability to grow wealth by using the resources of the larger society, infrastructure, labor and education. The phrase “it takes a village” to raise a child, as espoused by Hillary Clinton is another variant of the same collective advocacy.
A digital currency and digital identity is not a conspiracy theory, these “global leaders” are explaining it to us out loud. However, I am concerned that most will not hear it, or understand it, until it is too late.
Yes, in hindsight, all of it does seem planned to a long-term eventual conclusion. However, I’m not going to make that specific affirmation just yet; there are still strong elements of ‘not letting a crisis go to waste’ as the leading driver. Did these governing bodies create the underlying crisis? We can debate that, but the point is essentially moot. We are where we are.
The vaccination protocol created the Vax-Passport. That has opened the door to the digital identity, “digital id.” Any government created digital currency is going to need a digital id from the outset.
There are a lot of people asking where this is going, and what can be done to stop it. I’m pretty certain we have accurately identified “Where This is Going,” and I’m a lot more confident now about that aspect than I was even just 24 hours ago. However, knowing that, now we need to look closer at what they would do to stop us from disrupting it.
Posted originally on the conservative tree house on June 22, 2022 | Sundance
… And if they don’t, they are Russian sympathizers.
Delivering remarks from the stage built next to the White House, earlier today Joe Biden demanded that congress and states suspend gasoline taxes for 90-days in order to offset the massive price increases his energy policy has created. {Transcript Here} Additionally, Biden says any political opposition to his demand means his opponents support Russia:
“for all those Republicans in Congress criticizing me today for high gas prices in America, are you now saying we were wrong to support Ukraine? Are you saying we were wrong to stand up to Putin? Are you saying that we would rather have lower gas prices in America and Putin’s iron fist in Europe? I don’t believe that.” {Direct Rumble Link}
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It will be worth watching how California Governor Gavin Newsom responds to this instruction. California has the largest gasoline taxes in the nation and uses them to fund the majority of their left-wing policies.
Full video and transcript below.
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[Transcript] – “Good afternoon, everyone. I’d like to talk to you about the actions I’m announcing to bring down gas prices.
First, today I’m calling on Congress to suspend the federal gas tax for the next 90 days, through the busy summer season — busy travel season.
Here’s what that means: Every time you go to the gas station to fill your tank, the federal government charges an 18-cent tax per gallon of gas that you purchase and a 24-cent tax per gallon of diesel you purchase. It’s a tax that’s been around for 90 years.
It’s important because we use it for the Highway Trust Fund to keep our highways going. But what I’m proposing is suspending the federal gas tax without affecting the Highway Trust Fund.
And here’s how we do that: With the tax revenues up this year and our deficit down over $1.6 trillion this year alone, we’ll still be able to fix our highways and bring down prices of gas. We can do both at the same time.
By suspending the 18-cent gas tax — federal gas tax for the next 90 days, we can bring down the price of gas and give families just a little bit of relief.
I call on the companies to pass this along — every penny of this 18-cents reduction — to the consumers. This is — there’s no time now for profiteering.
There are a number of other proposals by Democrats in the House and the Senate, and I hope my call for action can help move those proposals forward as well. But we can also cut gas prices even more in another way.
That’s why the second action I’m taking is calling on states to either suspend the state gas tax as well or find other ways to deliver some relief.
State gas taxes average [another] 30 cents per gallon. Already, some states have acted.
In Connecticut and New York, the governors have temporarily suspended their gas tax as well.
In Illinois and Colorado, governors delayed theirs to give families a bit more breathing room as well.
In Minnesota, Governor Walz proposes using state budget surpluses to give households a rebate that will help them pay for gas at the pump or other essential needs.
I’m calling on more states and local governments to take actions like these.
Thanks to our historic economic recovery, which fortified state budgets that had been hurt in the pandemic, states are now in a strong position to be able to afford to take some of these actions.
Now, I fully understand that a gas tax holiday alone is not going to fix the problem, but it will provide families some immediate relief — just a little bit of breathing room — as we continue working to bring down prices for the long haul.
Third, I’m calling on the industry to refine more oil into gasoline and to bring down gas prices.
Let me explain. I know my Republican friends claim we’re not producing enough oil and I’m limiting oil production. Quite frankly, that’s nonsense.
Here’s the truth: Just this month, America produced 12 million barrels of oil per day. That’s the highest — that’s higher than average under my predecessor. And I’m — we’re on track to set a new record for production next year.
Plus, I’ve added to that supply of oil by releasing a record 1 million barrels of oil per day from what’s called the Strategic Petro- — Petroleum Reserve.
In fact, I just led the world to coordinate the largest release of global oil reserves in history, including from other countries. In total, that’s 240 million barrels to boost global supply.
And Republicans falsely claim that I’m blocking production on federal lands. But again, that’s nonsense.
The industry has more approved permits for production on federal lands than they can possibly use. That’s a fact.
My administration also directed the sale of gasoline using homegrown biofuels — ethanol, E15 — this summer, which will boost gasoline supplies and lower the price at thousands of gas stations across America.
And I welcome the recent announcement from what’s known as the OPEC+, a group of nearly two dozen oil-producing nations, to increase global oil supply.
The bottom line is: We are setting records in terms of American energy production. We’re supplementing that supply with a release from our oil reserves. So the issue isn’t oil production alone; the problem is the refining of that oil into gas at the pump.
During the pandemic, some oil and gas companies shut down refining facilities.
Last week, I sent a letter to the CEOs of the largest oil-refining companies asking them to work with my administration to bring refineries back online to get more gas to the pump at lower prices.
The Secretary of Energy, Jennifer Granholm, and members of my team will be meeting with many of these refining companies tomorrow. And I hope they’ll come up to the table with some real ideas and practical steps in the near term.
And I’m prepared to act quickly and decisively on their recommendations if they make sense to address the immediate challenge in front of us and the American people.
Finally, when the cost of oil does come down, we need the price at the gas stations — that they — what they charge at the pump — to come down as well.
For example, in the last two weeks, the price of oil has fallen by more than $10.00 a barrel. Normally, this would reduce the cost at the pump about 25 cents a gallon. Yet, so far, gas stations have only reduced prices by a few cents a gallon. Some haven’t reduced prices at all.
I’ve heard plenty of explanations from companies and economists about why it normally takes time for these price reductions to reach the consumer. I might note that when the price of a barrel of oil goes up, it doesn’t make — ta- — take much time for the price at the pump to go up.
So, let’s be honest with one another. My message is simple. To the companies running gas stations and setting those prices at the pump: This is a time of war, global peril, Ukraine. These are not normal times.
Bring down the price you are charging at the pump to reflect the cost you are paying for the product. Do it now. Do it today. Your customers, the American people, they need relief now.
So, let me summarize:
Today, I’m calling for a federal gas tax holiday, state gas tax holiday for [or] the equivalent relief to consumers; oil companies to use their profits to increase refining capacity rather than buy back their own stock; gas stations to pass along the decree — excuse me, not the decree, but the decrease in oil prices to lower prices at the pump.
And together, these actions could help drop the price at the pump by up to $1.00 a gallon or more. It doesn’t reduce all of the pain, but it would be a big help.
I’m doing my part. I want the Congress, the states, and the industry to do their part as well.
And let’s remember how we got here: Putin invaded Ukraine. Putin invaded Ukraine with 100,000 forces.
Just look at the facts: Since the start of the war in Ukraine this year, gas prices have risen by almost $2.00 a gallon in the United States, and sometimes more, around the world.
But it wasn’t just Putin’s invasion of Ukraine. It was the refusal of the United States and the rest of the free world to let Putin get away with something we haven’t seen since World War Two.
I said at the time: Siding with Ukraine during the most serious aggression in Europe since World War Two — defending freedom, defending democracy — was not going to go without cost for the American people and the rest of the free world. We were going to have to pay a price as well — in the cost of military equipment, economic assistance, humanitarian relief. And sanctioned Russian banking industries.
Russia is also the largest oi- — one of the largest oil producers in the world. We cut off Russian oil into the United States, and our partners in Europe did the same, knowing that we would see higher gas prices.
We could have turned a blind eye to Putin’s murderous ways, and the price of gas wouldn’t have spiked the way it has.
I believe that would have been wrong. I believed it then — I believed then and I believe now: The free world had no choice.
America could not stand by and the West could not have stood by — although some suggested at the time — and just watch Putin’s tanks roll into Ukraine and seize a sovereign country.
If we did stand by, Putin wouldn’t have stopped. Putin would’ve kept going, and we’d face an even steeper price.
And it wasn’t just me. The American people understood. The American people rose to the moment. The American people did what they always have done: defend freedom around the world. They chose to stand with the people of Ukraine.
We had near unanimous support in the Congress — Democrats, Republicans, and independents — for supporting Ukraine, knowing full well the cost.
So, for all those Republicans in Congress criticizing me today for high gas prices in America, are you now saying we were wrong to support Ukraine? Are you saying we were wrong to stand up to Putin? Are you saying that we would rather have lower gas prices in America and Putin’s iron fist in Europe? I don’t believe that.
Look, I get the easy politics of the attack. I get that. But the simple truth is gas prices are up almost $2.00 a gallon because of Vladimir Putin’s ruthless attack on Ukraine, and we wouldn’t let him get away with it. And we’re doing everything we can to reduce this pain at the pump now.
And if those experiences has shown us anything, it’s that we need to grow and harness more energy here at home.
Let’s lower the price of electric vehicles so we never have to pay at the pump in the first place.
Major auto companies are preparing for 50 percent of future sales to be electric vehicles by 2030, 100 percent by 2035. We’re already building secure supply chains to build these electric vehicles here in America.
And we’re investing almost $100 billion in public transit and rail, for all the studies show that it will take millions of cars off the road and significantly reduce pollution if there’s a serious transportation system available.
Let’s keep accelerating our deployment of homegrown resources — sources of energy like solar and wind and nuclear and hydrogen and carbon capture and storage — and keep developing battery technologies so we can store that power we need when the sun doesn’t shine or the wind doesn’t blow.
Folks, let’s make sure we’re never again forced to pay the price of a menacing dictator halfway around the world.
We can deal with the imme- — this immediate crisis of high gas prices and still seize the clean energy future.
We’re Americans. We can do both. We have the most qualified people in the world.
Let me close with this: Even as we lead the world in defending democracy and standing up to a brutal autocrat, there are actions we can take to help American families now. We have taken them. We are taking them. The federal gas tax holiday, state gas tax holiday. Bringing back refineries, putting them back online.
We just have to keep going. I promise you I’m doing everything possible — everything possible to bring the price of energy down, gas prices down. And I want to make sure we all work on this together.” (LINK)
Posted originally on the conservative tree House on June 22, 2022 | Sundance
Reuters has an interesting, albeit sad article, highlighting the state of the U.S. and global economy. According to the article, many college graduates this year are finding their recent job offers rescinded as the landscape for employment quickly evaporates.
The article focuses on the tech sector with various platform companies yanking the jobs. Twitter, Meta (Facebook), Lyft and Uber are all mentioned as downsizing, freezing current employment and/or leaving positions unfilled.
(Reuters) – […] In what appears to be a counter trend to the Great Resignation of 2022, when legions quit for new jobs, some tech job-seekers now face cost cuts and hiring freezes amid four-decade-high inflation, a war raging in Ukraine and the ongoing pandemic.
In the case of those who were poised to join Twitter, the whims of billionaire Elon Musk have also caused stress. Musk has agreed to buy Twitter for $44 billion, but his recent tweets have raised questions about when and if the acquisition will be completed.
To be sure, hiring in the tech sector as a whole has remained strong, according to experts from staffing and consulting firms. Tech roles in the healthcare and finance industries are strong, as well as in the information technology field, said Thomas Vick, a Texas-based regional director for staffing firm Robert Half’s tech practice.
But for the incoming class of new hires out of college, losing their job offers now is especially damaging as they said they are locked out of companies like Meta Platforms, Alphabet Inc’s (GOOGL.O) Google and other tech giants, which have already secured their new cohort of recruits. (read more)
Economists were looking for private payroll increases in the 300,00 range; but the result was far lower at 128,000. Small businesses lost 91,000 jobs in May. Main Street is in trouble. [ADP DATA]
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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
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