Biden Announces Another $1 Billion in Cash to “Help Ukraine Families Purchase Essential Items”

Posted originally on the conservative tree house on June 15, 2022 | Sundance 

The White House shares the contents of another phone call between Joe Biden and Ukraine President Volodymyr Zelenskyy today in a media release.  According to the details of the call, a generous Joe Biden has directed another $1 billion in aid to the laundry operation in order to assist Ukraine “families to purchase essential items.”

WHITE HOUSE – “This morning, I spoke with President Zelenskyy to discuss Russia’s brutal and ongoing war against Ukraine.

[…] I informed President Zelenskyy that the United States is providing another $1 billion in security assistance for Ukraine.

[…] We also remain committed to supporting the Ukrainian people whose lives have been ripped apart by this war. Today, I am also announcing an additional $225 million in humanitarian assistance to help people inside Ukraine, including by supplying safe drinking water, critical medical supplies and health care, food, shelter, and cash for families to purchase essential items.” (read more)

Get Beyond the Gaslighting – Media Now Falsely Claim Biden Administration Underestimated Negative U.S. Economic Impact from Russian Sanctions

Posted originally on the conservative tree house on June 15, 2022 | Sundance

I am tired and weary of the bullshit from every side of the political continuum -particularly the professionally republican idiots- that continue to hide the reality of the situation.  We are adults, let us talk honestly in the framework of reality; that will allow prudent preparation for the massive crisis we are about to experience.

When the tenant realizes they have a leaking fish tank, they realize they are going to be financially responsible for the water damage.  The tenant concocts a plan to avoid responsibility. The tenant intentionally loosens a pipe in the bathroom creating water damage, thereby hiding the fish tank leak.

The owner is now on the hook for the repair. The tenant escapes liability.

The people behind Joe Biden knew their radical transformation of energy policy was going to create massive economic damage.

The people behind Biden used the opportunity of the Ukraine-Russia conflict to trigger economic sanctions they knew would worsen the global inflation damage they were creating through energy policy.

Economic sanctions against Russia were as used as the broken pipe in the bathroom to hide the energy policy fish tank leak.  All of the media discussing the situation are now pretending not to know this.  The conservative pundits are a combination of pretending and too stupid to actually see what is happening.

BLOOMBERG – […] There’s no sign that administration officials feel their sanctions policy was a mistake or that they want to dial back the pressure. If anything, officials have said a key US goal is to ensure Russia can’t do to other nations what it has done in Ukraine. 

But the collateral damage from the sanctions has been wider than expected. 

When the invasion began, the Biden administration believed that if penalties exempted food and energy, the impact on inflation at home would be minimal. Since then, energy and food have become key drivers of the highest US inflation rates in 40 years, a huge political liability for President Joe Biden and the Democratic party heading into November’s mid-term elections. 

Treasury Secretary Janet Yellen has said that she “was wrong” in believing last year that inflationary pressures would pass. One of the results that she’s now seeing is related to the spike in prices due to unexpected self-sanctioning, according to one person familiar with her thinking.

So while Ukrainian President Volodymyr Zelenskiy has urged US businesses to cease operations in Russia, telling a joint session of Congress that the Russian market was “flooded with our blood,’’ the Biden administration has been encouraging some commerce, including for agriculture, medicine and telecommunications. For instance, the US government is quietly encouraging agricultural and shipping companies to buy and carry more Russian fertilizer, according to people familiar with the efforts, as sanctions fears have led to a sharp drop in supplies, pressuring food costs. (read more)

Bloomberg is running this article as a distraction, directly implying the Biden administration did not realize how much additional damage the sanctions against Russia would create.  There are many articles of a similar nature by multiple outlets.  All of them are designed to ignore the reality of the situation.

We are rapidly assembling data now that will allow us to give CTH readers a real-world estimate of just how damaging things are going to be.

Tracking raw materials, supply chain costs, distribution limits, advanced and sequential purchase orders, as well as inbound costs associated with the supply chain for essential goods and services, we are nearing enough data to make a prediction.

In the fall of 2021 CTH was able to provide a 100-day countdown window to the first major wave of inflationary impacts.  Purchase orders cycling in net terms of 30, 60, 90 or 180 days allowed us to see the increases in product costs that were aggregating in the supply chain.  Readers watched in real time as those weeks and months passed giving us the exact outcome we expected.

While we still need a little more data to make the best possible prediction for the next 120-day forecast, I am relatively certain we can give an advanced estimate today.

A current shopping cart of traditional staple items at the supermarket (full basket) is roughly $300 representing about a $75 increase in price since early January 2022.   The $300 typical basket is essentially enough product to create 10 days of multiple purpose meals for the average family (4 people).

Using that $300 basket as the new baseline, I can predict the next wave of price increases will drive that single basket cost to $500 by late fall.  This is the scale of inbound inflation that is going to arrive at approximately the same time as the mid-term election.

As you can tell, the next wave of price increases is significantly larger than the two that preceded it.  The $300 shopping cart is going to cost around $500 when all of the increased costs are fully matriculated in the retail supply chain.  This is the scale of food store inflation you should be preparing for now.  Offsetting this cost increase is the challenge you should be considering right now.

More details will follow, but the final numbers are going to be close to this scale.

Retail Sales Turn Negative in May Reflecting Continued Contraction Within Economy

Posted originally on the conservative tree house on June 15, 2022 

The U.S. economy is 70% driven by consumer spending.  When consumers stop spending the economy shrinks, it is that simple.  The U.S. Dept of Commerce has released the May retail sales [pdf DATA HERE], showing a 0.3% drop in retail sales for the month.  If you are interested in details, look at Table-2.

The critical point to remember is this sentence extracted from CNBC, “the numbers are not adjusted for inflation, which increased 1% for the month on the headline number and 0.6% excluding food and energy.”  Everyone ignores this point, and every MSM economist pretends not to know it.

Retail sales -as measured in units purchased- have been in a contracting position since June of 2021.  When the current data shows a drop of -0.3% in May, the actual drop in retail sales is much, much greater.  The dept of commerce calculates retail sales in dollars.  When prices are 20% higher and sales are low, retailers are selling less stuff (less units) at higher prices.  This has been the reality of our economy for several months.  This is also why productivity has been declining for more than a year.

If you take the 8.6% inflation rate (far understated) and an aggregate drop in sales of 0.3% (again, far understated as a measure of inflation), that means consumers are spending limited incomes on critical or essential purchases like housing, food, fuel and energy.  Consumers are not purchasing durable goods; people are hunkering down.

Yearly retail sales (May ’21 compared to May ’22) are +8.1%.  However, yearly retail inflation for the same period is +8.6%.  Again, reflecting that less stuff is being purchased inside the economy at higher prices.  If the commerce dept was measuring actual units being purchased, we would be seeing massive drops in sales.

(Via CNBC) – […] Advance retail and food service spending fell 0.3% for the month, below the Dow Jones estimate for a 0.1% gain. Excluding autos, sales were up 0.5%, which fell short of expectations for a 0.8% increase.

The numbers are not adjusted for inflation, which increased 1% for the month on the headline number and 0.6% excluding food and energy.

Sales were well below the pace in April, which posted a downwardly revised 0.7% increase from the initial 0.9% estimate.

Spending for the month declined even though sales at gas stations increased 4% due to fuel prices that scaled new heights, with regular unleaded hitting $4.43 a gallon in May and now running around $5. That growth was offset by a 3.5% decline at motor vehicle and parts dealers.

Miscellaneous store retailers saw a 1.1% drop in sales, while online stores posted a 1% decline. Bars and restaurants registered a 0.7% increase, part of a broader trend that has seen spending gradually shift from goods back to services.

On a yearly basis, sales were still up 8.1% as spending, combined with higher prices, has put a floor under the numbers. Consumers have been resilient through the inflation wave, using savings to compensate for the higher costs. (read more)

The people within the economic bureaucracy, that are aligned with the political ideology of the Biden administration, are going to lie on the second quarter statistics in order to protect the administration.  The Q2 data is going to be heavily manipulated by the Bureau of Labor and Statistics, Bureau of Economic Analysis, Dept of Labor, Dept of Transportation and Dept of Commerce in order to hide the second quarter results.

Import data will be manipulated to help hide the GDP contraction.  The rates of inflation within the economy will be manipulated downward in order to help hide the GDP contraction.  All of the agencies aligned within government will manipulate the data in order to avoid a Q2 contraction which, when added to the Q1 contraction, would mean we are in a factual recession.

We are in an abusive relationship with our own government.

Democrats May Not Endorse Biden in 2024

Armstrong Economics Blog/Politics Re-Posted Jun 15, 2022 by Martin Armstrong

The Democrats may not back Biden for reelection in 2024. They do not particularly care that he is destroying the country, but his record-low approval rating is bad for the party at large. Over the weekend, Rep. Alexandria Ocasio-Cortez (AOC) all but admitted that the Democrats are not eager to support Biden running for a second term. AOC said the primary goal is to secure the majority at the moment.

“We’ll cross that bridge when we get to it,” AOC told a reporter at CNN, “But I think if the president has a vision, then that’s something we’re all certainly willing to entertain and examine when the time comes.” AOC, who backed Bernie over Biden during the last election, said she believes the president has been doing “a very good job so far.” Yet, she refused to give a definitive answer.

A recent New York Times article revealed that at least 50 party members are vocally frustrated with the current administration.  “Midway through the 2022 primary season, many Democratic lawmakers and party officials are venting their frustrations with President Biden’s struggle to advance the bulk of his agenda, doubting his ability to rescue the party from a predicted midterm trouncing and increasingly viewing him as an anchor that should be cut loose in 2024,” the article noted.

The midterm elections will reveal whether the nation is beginning to lean to the right and likely will determine the possibility of the Democrats endorsing Biden in the next presidential election.

Election Night in South Carolina, Nevada, Maine and North Dakota – Results and Open Discussion Thread

Posted originally on the conservative tree house on June 14, 2022 | Sundance

Today there are primary elections in Nevada, South Carolina, Maine, North Dakota and Texas’ 34th congressional district.

South Carolina, polls close at 7pm ET. Maine polls close at 8pm ET. Texas’ 34th CD polls close at 8pm ET. North Dakota, polls close at 8pm and 9pm ET. Nevada, polls close at 10pm ET.

Many people will be watching South Carolina to see if anti-MAGA Nancy Mace and Tom Rice will be removed by primary challenge.

New York Times – Election Results Here

Politico – Election Results Here

CNN – Election Results Here

Joe Biden is Yelling at Everyone Again

Posted originally on the conservative tree house on June 14, 2022

June 14, 2022 | Sundance | 261 Comments

Earlier today, angry Joe was channeling his inner thug as he harkened back to the good old days when labor unions were cracking skulls on behalf of the communists and socialists.  Giving the pretense of connection to the working class is a performance technique Biden has used throughout his career, but it holds absolutely no basis in reality.

Appearing at the AFL-CIO convention today, Biden began yelling at the brotherhood.  In his mind anger, violence and conflict is what he believes organized labor is all about, so his performance is designed to convey that connection.  It’s more than a little weird, it’s creepy. WATCH:


Washington DC is Concerned About Inflation

Posted originally on the conservative tree house on June 13, 2022 | Sundance 

They might even hold hearings on it….

The J6 Committee in Context

Posted originally on the conservative tree house on June 13, 2022 

The United States government illegally intercepts the private electronic communication of every American including emails, text messages, phone calls and social media content postings and comments.  The NSA unlawfully secures that library of data in order to maintain an electronic record uniquely identifying every American in a searchable database.

The government unlawfully allows the database to be searched for domestic threats as defined by the U.S. Dept of Homeland Security, the Dept of Justice and the FBI.  By mutually beneficial arrangement, access portals to search the NSA/FBI database are included as workspaces inside the law offices of Perkins Coie, the legal firm representing the Democrat National Committee….

…. And the J6 Committee wants us to worry about something they call “a threat to our democracy.”

Additionally, do you really think the Republican wing of the DC apparatus want to be responsible to voters for dismantling the national surveillance state?

[…] “The FBI complies with the law and security policies and works with the Department of Justice to serve classified, Court-authorized legal process necessary to support national security investigations. In certain instances, the FBI coordinates with non-government, third-party entities, such as law firms, that represent service providers which receive these classified Court orders,” an FBI spokesperson told Fox News Digital in a statement. 

“This includes providing access to private attorneys which represent the service providers in satisfaction of their legal rights. As part of this, the FBI ensures that any storage of classified orders meets stringent security protocols required for such documents.” (LINK)

Sure, let’s worry about the J6 protestors as a ‘threat to our democracy’, or something.


Sebastian Gorka FULL SHOW: J6 Committee: Did Pence usurp President Trump?

AMERICA First with Sebastian Gorka  Published originally on Rumble on June 10, 2022

Sebastian gives his take on the Democrats’ “primetime” January 6th hearing, with special guests Julie Kelly, Boris Epshteyn, Jim Carafano, and Michael Knowles.

Tune in to America First with Sebastian Gorka, Weekdays 3PM-6PM EST.
Subscribe to the America First podcast on iTunes:

The Oldest Congress in US History

Armstrong Economics Blog/Politics Re-Posted Jun 13, 2022 by Martin Armstrong

The 117th Congress is the oldest in American history. Former President Trump attempted to enact term limits. However, he failed to gain the two-thirds majority in either chamber needed to amend the Constitution. Joe Biden is the oldest president in history and will be 82 by the time his first, hopefully only, term ends in 2024. Biden and many other career politicians have spent the majority of their lives in power. Yet, they have made no improvements to our society. There are countless examples showing Biden’s cognitive decline due to age or possible dementia that can no longer be ignored.

The Silent Generation (1928-1945) represents 12.4% of Congress. The vast majority falls in the Boomer generation (1946-1964), representing 56.3% of Congress. In comparison, the Boomer generation represents only 23.7% of the US population. Nancy Pelosi, third in line for the presidency, is already at the ripe age of 82. She was born during World War II and grew up in a completely different version of America.

As a reminder, the average age of retirement in the US is 62. Once these politicians taste power, they will never relinquish it willingly. There are no checks and balances to ensure that these lawmakers stay up to date with the current trends or concerns of the people. I would not be surprised if numerous members of Congress were unable to use a computer.

These lawmakers do not represent the people. They are of a different generation and world, and their outdated policies reflect this well. They are making decisions for the future of a nation that they will not live to see.