Mark My Words…THIS is Coming in 2022 – It’s Time to Sound the Alarm, and Prepare


By Bright Insight  originally Published on May 27, 2022

The good news is you’re getting a heads-up, and have time to prepare. The bad news is that is actually happening…

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Congress has abandoned its responsibility to declare war


By Tulsi Gabbard  posted originally on Rumble on May 27, 2022

The US Constitution confers the authority to declare war to the American people thru our congressional reps. While we struggle to afford fuel and food, Congress has abandoned this responsibility, allowing the Biden Admin to get us into a hot war with Russia, using Ukraine as proxy

Interview: Food Shortages, Economic Collapse, the Failing Great Reset & How to Prepare


Armstrong Economics Blog/Armstrong in the Media Re-Posted May 28, 2022 by Martin Armstrong

Click here to listen to Maria Zeee’s insightful interview with Martin Armstrong: “Food Shortages, Economic Collapse, the Failing Great Reset & How to Prepare.”

There is also a wealth of information available for free at zeeemedia.com!

UDSA Raises Food Price Forecast to Highest Level in 42 Years, Third Wave of U.S. Food Inflation Will Dwarf Prior Price Increases


Posted originally on the conservative tree house on May 27, 2022 | Sundance 

Have you ever seen egg prices at $1 per egg range, or $12/doz?  Hold on a few months and perhaps you will.  That is the context for the scale of food price increases the USDA is now starting to predict.  The highest predicted change in food costs in well over 40 years, that’s the USDA warning in their revised May “Food Price Outlook”. [DATA HERE]

This month the USDA just re-re-revised the forward price outlook, and things are grim.  It likely doesn’t come as a surprise to many CTH readers because we have been discussing the convergence of events since October of 2021, when we first were able to predict Wave-1 (Dec/Jan), and Wave-2 (March/Apr) inflation.  However, the underlying data for Wave-3 is double the prior two phases.

Keep in mind the data is national & skewed toward low estimations as represented by (+).

When the USDA predicts egg prices increasing by 19.5 to 20.5% (from where those prices are now), there will be regions with much higher retail increases than estimated.

Just two months ago, USDA had egg inflation at 2.5%-3.5% range, year over year.  Again, that’s the scale of change; from a 3.5% forward outlook to a 20.5% forward outlook effective right now.

Food at home (grocery store) prices: up 7% to 8% in this monthly review, versus the April outlook of a rise of 5% to 6%. That means the USDA is predicting the highest grocery store price rise since 1980 when prices rose 8.1% (prices rose 7.2% in 1981).  There is no reason to think the USDA forecast will not rise again in June.

[Click graphic to expand – Data Set Here]

If you have not taken food price stability seriously before now, please take proactive measures to secure your family.   We are talking about future retail food prices that were simply unfathomable last year.

You know how much prices at the supermarket have increased in the last six months.  Double that, and there’s your estimation for food prices later this fall.

Behind all the datasets, statistics, BEA, BLS, USDA and analysis of these things, there are real people living paycheck-to-paycheck that are likely to be in serious food insecurity position for the first time in their lives.

I’m not talking about poor people, I’m talking about solid upper middle-class working families with kids who are already being hit hard by gasoline, energy, housing and grocery store increases.  Another twenty percent increase in food costs can easily become a crisis.

The core issue is this snowball of production costs inside the field to fork supply chain.  Diesel prices, fertilizer prices, energy prices, seed and feed prices, all of it has doubled and tripled in less than a year.

Add in transportation and distribution costs that have doubled, and all of that cumulative impact is going to flow through the food supply chain from the field to the processor (wholesaler), and into the supermarket.   Fresh foods, especially in the produce section, will catch many people off guard.

Not all news associated with this is bad news.  As you read this you have information that allows you to take control and be proactive.  YOU will not be part of the national population that is stunned in September and October.  YOU know what is coming.  With that in mind, do what you can today, tomorrow, this week, to be proactive and offset the impact.  Taking action reduces stress.

Perhaps shop proactively for your holiday shelf stable food items now.  Look at the circulars and on-line for coupons, not for then – but for use now.  Perhaps learn to make some of the foods you would normally purchase already prepared.  Small proactive seeds, kept in mind while carrying on day-to-day life.

I know from reading comments that many of you have planted ‘victory gardens’ this year.  Those harvests are worth 50% more now they were three months ago.  That’s the way to look at it.  Every amount of saving matters…. and yes, grandma carefully washed the aluminum foil and reused it for a reason.

The Incredible Transition


Armstrong Economics Blog/Energy Re-Posted May 27, 2022 by Martin Armstrong

According to politicians around the world, the Great Unwashed plebians should be grateful for the energy crisis. President Joe Biden recently declared that America is undergoing an “incredible transition” and we must suffer in order to reap the benefits. “Here’s the situation. And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over,” Biden said.

I have explained that the Biden Administration deliberately ruined America’s ability to be energy independent. Biden sparked the energy crisis on his first day in office when he canceled the Keystone XL pipeline and removed various gas permits. The keyword in Biden’s statement is “when,” as no one knows when this transition will take place as there are NO viable large-scale alternatives to oil.

“It’s Incredible for you!” Senator Ted Cruz clarified, “You fly a damn 747 where the taxpayers pay for your jet fuel. What Joe Biden is saying is, if you at home, if you drive a pickup truck, ‘to hell with you; you can’t drive your pickup truck. If you have a Suburban, you’ve got to get rid of that. We’re all getting Toyota Priuses.’”

Biden had the audacity to claim he kept the energy crisis “from getting worse – and it’s bad.” This comes as the nationwide gas average reaches $4.59, but it has surpassed $8.00 in many locations. You will own nothing, not even an electric vehicle, and be happy. Realize that the “pain at the pump” is a deliberate attempt to push the Great Reset and climate change agendas.

Biden’s Approval Rating Drops to New Low


Armstrong Economics Blog/Politics Re-Posted May 27, 2022 by Martin Armstrong

Amid soaring inflation and a declining quality of overall life, Americans are beginning to wake up and realize that the current administration is on the wrong track. Joe Biden’s approval rating fell to 39% — a new low. The Associated Press-NORC Center for Public Research found that only 2 in 10 Americans believe the US is on the right track. Republicans and Democrats both agree that the current administration is failing the people. Only 33% of Democrats believe the country is on the right path, marking a sharp downturn from the 49% rating in April. The multitude of distractions from Ukraine to Roe v. Wade is not helping the Democrats’ bid for the upcoming midterms.

Soros Promoting World War III – Let’s Go!


Armstrong Economics Blog/Ukraine Re-Posted May 27, 2022 by Martin Armstrong

The pieces are starting to come together in this grand plot to fulfill George Soros’ dream – One World Government. After Soros’ speech at Davos, there are a lot of people of all faiths flocking to a Catholic Church to light a candle and pray for the rapid death of this cantankerous ‘old codger’ who seems to want to take the world into World War III and perhaps like some Egyptian Pharoh, take as many people with him into the here-after. I wish I could say that Soros is just crazy. But I do not believe that is the case. He has harbored a dream of a One-World Government forever perhaps growing up in communism.

His theme is that “climate change is on the verge of becoming irreversible” and that we MUST defeat Putin is all supporting his One-World government with the United Nations at the head. History will remember Soros up there with Marx responsible for the deaths of up to 50% of the world’s population by 2040. He is spinning his propaganda that Putin and Xi must be removed from power and somehow the people will cheer and run into the arms of the United Nations where they can fall at the feet of George Soros and kiss his disgusting toes at this age.

Everything that Soros and the World Economic Forum have been doing is nothing but promoting war. Henry Kissinger said that Ukraine should surrender the Donbas to Russia. Indeed, that was the Minsk Agreement. Zelensky has refused to do so and would instead subject his citizens to endless war for territory full of Russian Ukrainians which they hate with a passion.

Zelensky won the election promising to (1) end corruption, and (2) end the civil war. His solution for the corrupt was just to take everything for himself. The amount of money he has stashed in offshore accounts is said to be at least $100 million and some report he is approaching $1 billion.

As for the war, he has refused to surrender the two provinces as the Minsk Agreement stated in 2014. He denies them the right to vote for their own future. The West refuses to acknowledge the vote of Crimes when in fact they are ethnic Russians and are hated by the Ukrainians. I can confirm that from the outset I head Crimea is Ukrainian or Crimea will be depopulated.

I have been sent videos taken from Ukrainian soldiers showing the torture they are submitting to Russians. I have refrained from posting them because they are so horrible. There are Russians being nailed to a cross and then set on fire alive. There are two soldiers who volunteered. One from Canada and one from France. Both have returned disguised telling about the war crimes they have watched the Ukrainians carrying out. Nobody wants to even admit that there are Ukrainian neo-Nazis.

Nobody wants to report the truth that Zelensky has even seized religion. The orthodox church no longer acknowledges the Patriarch of Moscow. This is a war of absolute hatred. The sheer level of war crimes unreported is off the charts. This is all being sanctioned to create World War III to ensure that the Russians look at the West with the same hatred that

This conspiracy is more than most suspect. It has been Bill Browder who was advised on confiscating all the assets of private Russia Oligarchs to destroy the world economy. Putin was NOT friends with all the Oligarchs. Yeltsin turned to Putin because he was the only independent person. He was not part of the Berezovsky group of the Seven Oligarchs and he was not part of the hardline Communists. Both those groups were against Yeltsin. Putin was selected to go against the Oligarchs. It was 1886 when Berezovsky created the “Davos Pact” of Oligarchs to fund Yeltsin’s campaign. It was also 1996 when Browder and Edmond Safra created Hermitage Capital Management to invest in Russia. Browder appeared with Soros I believe just last week in Berlin. Browder has been protected by the Democrats at every level.

Henry Kissinger spoke correctly at Davos and said Zelensky should surrender the Russian regions to Russia. Zelensky is told not to do so otherwise there is no confrontation for World War III. If Zelensky were truly concerned about his own people, then why fight for territory that was always occupied by Russians? It makes no sense except to sacrifice is own people to promote World War III to accomplish this agenda.

GDP Figures Revised Downward, U.S. Economy Shrinks 1.5 Percent in First Quarter, Things are Getting Much Worse


Posted originally on the conservative tree house on May 26, 2022 | Sundance 

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.

♦ What changed in this revision to make the economy worse?

(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]

This table shows where the revisions are located:

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.

What’s coming next?  WATCH:

.

I concur with that prediction.

Prepare your affairs accordingly.

The Ukrainian Solution: Money, Weapons, and Embargo


Armstrong Economics Blog/Uncategorized Re-Posted May 26, 2022 by Martin Armstrong

The Kremlin has made it known that they will not evacuate troops from Ukraine until their victory is declared. “We are sure that everything will be fine, and we are sure that we will win, we will achieve all the goals,” spokesman Dmitry Peskov said. Russia has already downgraded “unfriendly states” to “hostile states” as Western countries are now directly involved. “Sometimes it seems that the very existence of Russia is a significant irritant for the collective West, and they are ready to do anything to prevent us from developing and living the way we want,” Peskov stated.

Kissinger suggested that Ukraine surrender some of its territories to Russia, as it is land that is composed of mostly Russian-speaking individuals who have not been allowed to vote on whether they’d like to remain under Ukrainian rule. “Negotiations need to begin in the next two months before it creates upheavals and tensions that will not be easily overcome. Ideally, the dividing line should be a return to the status quo ante,” Kissinger said, ““pursuing the war beyond that point would not be about the freedom of Ukraine … but a new war against Russia itself.” Furthermore, Kissinger is concerned that the West’s hostility will cause Russia to form a closer alliance with China.

Kissinger’s suggestion could end the war. Russia would feel as if they achieved the objective, and Ukraine would remain an independent country. Western nations would not need to spend billions of taxpayer funds on war while teetering on their own recessions. The food shortages due to the lack of wheat coming from Russia and Ukraine would end. Most importantly, the threat of the next world war would dissipate.

Zelensky’s advisor adamantly rejected the peace offer. “The shortest way to end the war – weapons, money, embargo,” Mykhailo Podolyak declared on Twitter. That may be the easiest solution for those in power, but it comes at the expense of the people. Ukraine and its Western allies will continue throwing money and fuel on the problem until the global economy crumbles so that they can reset it to their liking.

Henry Kissinger on Taiwan


Armstrong Economics Blog/War Re-Posted May 26, 2022 by Martin Armstrong

Veteran diplomat and former Nobel Peace Prize winner Henry Kissinger is warning Washington to avoid conflict with China over Taiwan. Although Joe Biden said that the US would interfere if China were to invade Taiwan, the White House clarified that the US will respect the One China policy. “The United States should not by subterfuge or by a gradual process develop something of a ‘two-China’ solution, but that China will continue to exercise the patience that has been exercised up until now,” Kissinger warned at Davos.

Although the US has been supplying military equipment to Taiwan since 1979 under the Taiwan Relations Act, the US has agreed to acknowledge the One China policy that states Taiwan is under Chinese rule. “A direct confrontation should be avoided and Taiwan cannot be the core of the negotiations because it is between China and the United States,” Kissinger stated, going as far as to say neutrality is crucial to “overall peace.”

A key figure in the Paris Peace Accords, Kissinger was awarded the Nobel Peace Prize in 1973 for arranging a cease-fire during the Vietnam War. His award was presented amid controversy as the war did not technically end until 1975. Additionally, Kissinger authorized bombing raids in Cambodia to target the Khmer Rouge. North Vietnamese diplomat Le Duc Tho received this award jointly with Kissinger but rejected it for the reasons mentioned. War is never the first option, and Kissinger knows the complexities of war from behind the curtain. Biden would be wise to take this warning with the utmost caution.