Posted originally on the conservative tree house on October 7, 2022 | Ad rem
Tucker had originally scheduled a 30 min. interviewed with Kanye West, however, it quickly morphed into a 2 hr. interview. Here is the second hour of that interview.
Tag Archives: Corporations (special interest group) write the legislation
Global Egg Shortage
Armstrong Economics Blog/Agriculture Re-Posted Oct 7, 2022 by Martin Armstrong
You know the situation is becoming dire when staple food items are no longer on the shelves. France is currently experiencing an egg shortage, and it is the largest egg producer in the Eurozone. The 1,500 billion eggs seen in production in 2021 are expected to decline for the first time on record this year. Reuters estimates that egg production will decline 8% in France, 3% in the EU overall, and 4.6% in the United States.
The bird flu crisis caused tens of millions of poultry deaths this year. I reported in May 2021 that there was a chicken shortage. The animal activists and climate change crowd, two groups that usually overlap, are completely at odds. Farmers are deemed the enemy by the climate change crowd who feels the need to reduce farming to eliminate carbon emissions. Northern Ireland was considering murdering over one million cattle and sheep to meet emission targets by 2050. Other countries are looking at doing the same, as it is expensive to host livestock. Feed and fertilizer are under fire, and farming, already a difficult career, has become less lucrative.
Eggs were previously a favorite staple, especially in economic hardships, as it is a cheap source of protein. French groceries have reported up to a 20% rise in egg prices since the start of the year. CNPO deputy chairman Loic Coulombel told Reuters that France would have previously looked to import food, but all of its trading partners are also in a shortage. Coulombel explained that companies have begun to change their recipes or halt production entirely as eggs have become too expensive, and this issue will only worsen global food shortages.
Herschel Walker Breaks His Silence
Brian Kilmeade Published originally on Rumble on October 5, 2022
Herschel Walker has been the talk of the news cycle. Now he’s breaking his silence, and he presents evidence for why he’s innocent. Here’s what he has to say in his own words!
US Ocean Fright Orders Down – Warehouse Inventories Up
Armstrong Economics Blog/World Trade Re-Posted Oct 5, 2022 by Martin Armstrong
Retailers are set to have an excess of inventory this year after the prolonged supply chain crisis. Items were shelved by the time they arrived, and now these retailers must get rid of the excess. Stores such as Amazon and Target announced early holiday shopping discount days for October. A report by CNBC found that ocean freight orders have declined 20%.
HSL Logistics cut vessel capacity by 50% and said that may continue into 2023. Other liners are also confused as to what to expect with consumer demand. Warehouses have previously reported storage problems. The Wall Street Journal reported in August that Prologis Inc, the world’s largest owner of warehouses by the square foot, said they could not currently meet inventory demands. They work with some of the largest corporations, such as Home Depot, Walmart, UPS, FedEx, and more. Prologis estimated it needed an additional 800 million square feet of storage space to keep up with new arrivals. Their 5,800 clients had already requested an average of 138,000 square feet.
Nike announced last week that its inventory grew by 65% during the last quarter alone. Nike Chief Financial Officer Matthew Friend said the excess will have a “transitory impact on gross margins this fiscal year.” I thought that term had been discontinued. Friend went on to say the company will tighten “inventory buys around the world based on some of the risks that could materialize in the second half.”
Expect to see store discounts on items, such as clothing, that have a short shelf life as people no longer want previous trends. Second-hand buyers like TJ Maxx and Burlington Stores will reportedly have better quality items typically not found in their stores. Retailers will be forced to discount items eventually if demand is not strong and are more likely to face losses the longer they hold on to inventory.
The Federal Reserve is Raising Rates – Get Used to It
Armstrong Economics Blog/Interest Rates Re-Posted Oct 3, 2022 by Martin Armstrong
The title speaks for itself. The Fed is going to continue raising rates until inflation shows notable improvement. Some still question whether the Fed will ease on its hawkish policies, but there is absolutely every indication to believe they will continue at full speed. Core PCE rose 4.9% in August from the year prior and increased 0.6% for the month.
Before the aforementioned data was released, Chicago Federal Reserve President Charles Evans said he was “cautiously optimistic” that the US could avoid a recession. “There are lags in monetary policy and we have moved expeditiously. We have done three 75 basis point increases in a row and there is a talk of more to get to that 4.25% to 4.5% by the end of the year, you’re not leaving much time to sort of look at each monthly release,” Evans, who is set to retire next year, said.
The truth of the matter is that the White House simply changed the definition of a recession. The majority is hurting financially right now, and I don’t think we need the talking heads to tell us that we are already in a recession. The typical analysis looks only at domestic conditions, but internationally, most central banks are in the process of raising rates and backtracking on failed QE policies.
Every month there are reports of the market being “spooked” by rate hikes. People come on TV and act surprised that the Fed has the audacity to raise rates yet again. Why? Powell stated in every possible way that the FOMC will raise rates for “some time.” In Powell language, that means rates will continue to rise for a while. The computer foresees havoc going into 2023. Things must get worse before they become better. Unemployment must rise, rates must go higher, and you must adjust your strategy accordingly.
The IRS and Another Multi-Billion-Dollar Mistake
Armstrong Economics Blog/Gov’t Incompetence Re-Posted Oct 3, 2022 by Martin Armstrong
The Internal Revenue Service (IRS) continually makes multi-billion-dollar mistakes. The agency “accidentally” sent $1.1 billion in advanced child tax credits to the wrong families. If a private citizen were to make a mistake on their personal taxes, they’d feel the repercussions – especially with Biden’s 87,000 newly appointed and armed agents.
Now 1.5 million families who received the money “accidentally” will be on the hook to pay it back. As if that were not bad enough, the IRS failed to deliver $3.7 billion in tax credits to 4.1 million households! The tax credit was intended as part of the reckless American Rescue Plan to pay families earning under $150,000 annually and single parents earning under $112,500. This was the largest child tax credit in America’s history – basically, people received “free” money at the expense of the taxpayers simply for having children.
This is the same agency that sent countless stimulus checks to people who did not qualify. Even multi-billionaire George Soros received a stimulus check. They even sent out checks totaling over $267 billion to deceased individuals. The IRS also “accidentally” leaked 120,000 personal online files earlier in the month. The agency continually makes major mistakes. Knowing that there will be 87,000 additional agents, armed, working for this failed agency does not put one at ease.
Who Bombed The Pipeline? (Ep. 1861) – The Dan Bongino Show
The Dan Bongino Show Published originally on Rumble on September 28, 2022
The most likely Bomber is Joe Biden, in my opinion Centinel2012
Who Sabotaged the Nord Stream Pipelines?
Armstrong Economics Blog/War Re-Posted Sep 29, 2022 by Martin Armstrong
I rarely believe in coincidences. Everyone is perplexed as to why there are sudden leaks in the Nord Stream pipelines in the Baltic Sea connecting Russia to Germany. The first explosion was recorded on Monday near the Danish island of Bornholm. The second blast happened later that evening and was so powerful that scientists equate it to a 2.3 magnitude earthquake.
Numerous people are claiming that Russia sabotaged the pipeline, but numerous clues indicate someone else was at play. Radek Sikorski, Poland’s former minister of national defense and EU Parliament member, posted an image of the leak with the caption, “Thank you, USA.”
The USA is certainly no stranger to targeting Russian pipelines. In January 1982, Ronald Regan and the CIA planned to destroy the Soviet Union’s economy by using the technology available at the time to create a massive explosion. The US wanted to block Europe from importing Soviet Western gas amid the Cold War and was willing to take extreme measures. Thomas C. Reed, a former Air Force secretary who served in the National Security Council, wrote a book entitled “At the Abysss: An Insider’s History of the Cold War.”
“In order to disrupt the Soviet gas supply, its hard currency earnings from the West, and the internal Russian economy, the pipeline software that was to run the pumps, turbines, and valves was programmed to go haywire, after a decent interval, to reset pump speeds and valve settings to produce pressures far beyond those acceptable to pipeline joints and welds,” Reed writes. According to the Washington Post, Reed later commented that it was the “most monumental non-nuclear explosion and fire ever seen from space.”
What about other nations in Europe? No one is claiming responsibility, but they are stating that it was a deliberate act of terrorism. “It is the authorities’ clear assessment that these are deliberate actions -– not accidents,” Danish Prime Minister Mette Frederiksen said Tuesday. Sweden’s Prime Minister Magdalena Andersson said, “it is probably a case of sabotage,” and they are not ruling out any scenarios. Polish Prime Minister Mateusz Morawiecki also called it “an act of sabotage.” “The era of Russian domination in the gas sphere is coming to an end,” Morawiecki declared. “An era that was marked by blackmail, threats and extortion.”
The United States is also claiming to be perplexed by the issue. White House Press Secretary Karine Jean-Pierre said she would not “speculate on the cause.” US President Joe Biden hinted at the cause in February 2022. In the video above, Biden tells reporters that if Russia invades, “then there will be no longer a Nord Stream 2. We will bring an end to it.” When a reporter asked just how the US would complete the task, Biden ominously said. “Trust me, we will do it.”
This was clearly an act of sabotage, but who was the culprit? The West is pointing to Russia, while Russia is pointing to the West. Something does not add up.
Rentals in the US Continued to Rise in August
Armstrong Economics Blog/Real Estate Re-Posted Sep 28, 2022 by Martin Armstrong
Shelter costs have continued to rise in the US. Recent data provided by Redfin shows that the national average increased by 11% YoY this August. Costs are expected to decline as people simply cannot afford to pay more. Additionally, the supply is expected to increase as there are around a million rental units under construction. Yet, construction has been slow due to supply chain shortages mixed and inflation.
Some areas experienced a larger increase in rental costs. Cincinnati, Ohio, saw prices rise by 26%; Pittsburgh, Pennsylvania, rose 22%; Indianapolis, Indiana, rose 21%; Nashville, Tennessee, rose 20%. Rental pricing in areas of New York and New Jersey saw 18% increases.
Not all finger-pointing can go to the landlords as they are struggling to survive this inflation too. Maintenance and utilities have gone up in price. Property taxes continue to increase, as does insurance. The increased value of properties has become a double-edged sword for many landlords. Landlords lost money during the rent and eviction moratoriums and are making up for it now. So many tenants fled and never paid back rent. The government created this problem.
Countless landlords are turning to Air B&B and other short-term ventures. Landlords are forced to raise prices to make a profit, but at any moment, the government can put another moratorium in place and leave landlords high and dry. The government must address outrageous property taxes and encourage, if not incentivize, builders. If costs continue to rise, then we will see a rise in homelessness across the nation as the average person can no longer afford shelter.
This is the real America those in power created
Tulsi Gabbard Published originally on Rumble on September 27, 2022
Biden/Harris admin paint a rosy picture of a rebounding economy, secure borders, and freedom. But Americans live in the real world: struggling with inflation and basic needs. Soldiers going on food stamps. Historic illegal immigration. People unsafe in their own community. This is the real America those in power created.
Centinel2012 