Posted originally on the conservative tree house on June 2, 2022 | sundance
You do not need anyone to affirm that Main Street is in trouble, you can see it all around you. Inflation is crushing blue-collar and white-collar workers as prices continue to rise on essential goods. Consumer spending is now prioritized around the higher cost of housing, energy, gasoline and food. Family earnings are spent before the paychecks arrive for most Main St workers, and now we are starting to see the alarming result economic contraction, beginning with small businesses.
That’s the message within the ADP private sector payroll report released today [DATA HERE], which shows a contraction in small business employment. 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.
WASHINGTON, June 2 (Reuters) – U.S. private payrolls increased far less than expected in May, which would suggest demand for labor was starting to slow amid higher interest rates and tightening financial conditions, though job openings remain extremely high.
Private payrolls rose by 128,000 jobs last month, the ADP National Employment Report showed on Thursday. Data for April was revised down to show 202,000 jobs added instead of the initially reported 247,000. Economists polled by Reuters had forecast private payrolls increasing by 300,000 jobs. (read more)
Kremlin spokesman Dmitry Peskov is warning the US that they have become instigators in the Russia-Ukraine war. “We believe that the U.S. is deliberately pouring oil on the fire. The U.S. is obviously holding the line that it will fight Russia to the last Ukrainian,” Peskov recently told reporters, according to Reuters.
Peskov’s warning comes shortly after Russia deemed most “unfriendly” nations as “hostile,” and with good cause. In an interview with PBS, Peskov said that President Biden’s suggestion to remove Putin from power was taken as a personal insult as the people of Russia, not the president of a foreign nation, determine Russian leadership.
Peskov speaks clearly and confidently; he does not seem like a madman hell-bent on war. In fact, he stated that Russia never wanted war. For decades, Russia has told the West that they are “afraid of NATO” moving closer into their territory. “Please take care of it and do not push us into the corner,” the Kremlin spokesman explained. In Russia’s eyes, they are on the defensive. Putin strictly warned other nations not to interfere in Russia-Ukraine relations. Peskov now states that the West, not Ukraine, is “leading the war against us.”
As for the claim that Russia will launch nukes, Peskov made it clear that Russia has no plans to do so, but would under an existential threat. He clarified that the “existence of the state” and “special military operations in Ukraine” have nothing to do with one another. Ukraine certainly cannot back Russia in a corner to which it feels it must implode its way out, but the West does and is pushing that boundary daily.
Unfortunately for Biden, the Great Unwashed is not gullible enough to accept his explanation that Putin is to blame for inflation. A Convention of States Action/Trafalgar Group survey found that most respondents (59.9%) believe Biden’s policies are the “leading contributor” to rising prices. Around 87.9% of Republicans and 61.1% of Independents cited Biden as the leading culprit, while only 55.2% of Democrats were ready to admit that Biden is destroying the economy.
Biden insists the American Rescue Plan and vast overseas donations did not contribute to inflation. He insists preventing America from being energy independent did not contribute to inflation. Even his own Treasury Secretary Janet Yellen cannot stand by these lies. Yellen insisted in March 2021 that inflation posed a “small risk” for America. In May 2021, Yellen said inflation would not become a problem. Then the $1.9 trillion American Rescue Plan was signed into law. Biden eliminated oil permits and allowed ports to clog.
This Tuesday, Yellen finally admitted she and the Biden Administration were wrong about inflation. “As I mentioned, there have been unanticipated and large shocks to the economy that boosted energy and food prices, and supply bottlenecks, that have affected our economy badly that I, at the time, didn’t fully understand,” Yellen told CNN. “But we recognize that now.”
Although they recognize the issue, there is no plan in place to implement policies to ease inflation. Upon meeting with Fed Chair Powell, Biden simply said that it is the Fed’s place to solve the crisis he created. “My plan to address inflation starts with a simple proposition: Respect the Fed. Respect the Fed’s independence,” Biden said. Since the Fed is independent of the government, he has no choice but to “respect the Fed’s independence.”
Posted originally on the conservative tree house on June 2, 2022 | Sundance
Treasury Secretary Janet Yellen has more financial and analytical resources at her fingertips than thousand hedge funds combined. When Secretary Yellen claims today that she “got it wrong” about inflation, what she is doing is continuing the game of pretending; she’s positioning the administration as incompetent, not deliberate.
The illusion of incompetence plays into the scheme of hiding the fact the administration is working through a purposeful strategy. In the game of pretending; and under the current circumstances; it is better to be seen as incompetent than recognized as working with malicious intent. This is the illusion behind Joe Biden’s usefulness.
This is also the organized pretending game within DC that too few people will accept or admit. The Treasury Secretary and Federal Reserve Chairman are not making mistakes, they are working on a specific agenda and economic plan. Federal Reserve Chairman Jerome Powell was not late to raise interest rates, he waited on purpose. He waited for the political reason of waiting until the triggered 2021 inflation spike cycled through the full calendar year.
These are not monetary policy leaders making monetary policy mistakes. These are monetary policy political ideologues, carrying out a political agenda within the U.S. economy. This is part of what National Economic Council Chairman Brian Deese would call the “economic transition.” WATCH this through the correct prism:
Posted originally on the conservative tree house on June 1, 2022 | Sundance
Comrades, if you were hoping to take the kids to the Drag Queen Story time at Ramstein Airforce base tomorrow in celebration of global Pride Month, unfortunately the 86th Airlift Wing has cancelled the event.
After initially telling everyone, “We’re celebrating Pride Month at the Ramstein Library with Drag Queen Storytime! Be sure to wear your brightest and most colorful outfits!,” apparently, the chief of public affairs, Lt. Col. Will Powell, now says the event did not go through the vetting process prior to the announcement.
According to the Washington Examiner: “The controversial event comes amid a growing ideological divide among liberals and conservatives about how and who should be teaching children about sexuality.
Conservatives have argued that these lessons should be left up to the parents, while some liberals in educational settings have begun teaching children about these topics according to their own views, at times without parental consent.” (more)
However, comrade binaries, all is not lost. The United States Marines and the United States Airforce are putting their best boots forward and promoting inclusive wokeism as part of a new military outlook under the new leadership of a more progressive -and sensitive- commander in chief.
With additional military forward deployment and support for Ukraine President Volodymyr Zelenskyy, a male pronoun comfortable in stilettos, the enlightened coalition will soon arrive in the rainbow fields of Ukraine to combat the horribly patriarchal Russian advancement.
The U.S. Marines are well positioned in the cultural battlespace as noted by their announcement earlier today:
The pesky Russians don’t stand a chance against a well choreographed advance reconnaissance team. The few and very proud, with a well trained twerking division of soldiers ready to bare it all in defense of our allies, are practicing their line-dance formations as we speak.
Joint Chiefs’ Chair Mark Milley has assured Defense Secretary Austin that our fabulous troops will be well protected. The angels on their shoulders have triggered rainbow air support.
Dear leader has yet to announce who will be bringing up the rear; however, we suspect the U.S. army will rise to the occasion.
Be afraid President Putin and Chairman Xi… be very afraid!
Posted originally on the conservative tree house on June 1, 2022 | Sundance
Does anyone remember during the Jimmy Carter era when odd/even days on license plates to get gas? Well, if the International Energy Agency is accurate, and the issue extends into the U.S. as predicted by many industry insiders, we could very well see gasoline rationing once again.
Beyond all the obfuscation, denial and continual pretending, the reason for the gasoline shortages is related to this forcible shift in energy policy that is underway in Europe and the United States. It’s not a shortage of oil, it’s the new era where the Green New Deal is the policy priority. The people within the Biden administration do not care about the consequences, Biden is pushed in front of the camera as a useful idiot to take the blame.
Business Insider – The US could see fuel shortages this summer once people start taking their vacations — and Europe could take a particular hit from the lack of supply, the head of the International Energy Agency has warned.
“When the main holiday season starts in Europe and the US, fuel demand will rise,” Fatih Birol told Der Spiegel. “Then we could see shortages — for example, in diesel, petrol or kerosene, particularly in Europe.”
Birol also told the German newspaper that the energy crisis now underway will be more severe and longer-lasting than the oil price shocks of the 1970s, given it’s applying pressure on three fronts.
“Back then it was just about oil,” he said in the interview published Tuesday. “Now we have an oil crisis, a gas crisis and an electricity crisis simultaneously.”
Oil prices spiked in 1973 and 1979 as the Yom Kippur War and the Iranian Revolution interrupted Middle Eastern crude exports. Geopolitical events have hit the market again in 2022, as western nations impose sanctions on Russia over its invasion of Ukraine. (read more)
Joe Biden has no clue what the people running the administration agencies are doing. Even if he were to ask them, they would simply type something into his teleprompter that he would believe and repeat. Biden doesn’t care, the entire family is in it for the grift.
A large portion of the youth can no longer afford to live on their own. A new survey found that around 40% of parents in the US currently have an adult child still living at home. An additional 25% reported that their adult child temporarily lived with them but has since moved out. Of the 2,200 respondents, 33% said that their adult children simply could not afford housing on their own. An additional 33% said their child needed financial support after college, while 17% cited job losses.
This has darkened what should be the “golden years” for many Boomer parents. Around 35% said they could no longer afford their long-term goals, and 26% said supporting their adult children has hurt their short-term financial goals. An additional 14% said the added cost had limited their ability to save for future health care.
Previous generations could afford to go to school, work hard, buy a home, and start a family. That is no longer the case amid inflation at a 40-year high coupled with historically high housing and rental costs. The average federal student debt is $36,510 per borrower, while private student debt averages $54,921. Home buying is out of reach for many, as the current average price for a home in America is nearly half a million dollars. Even those with the best credit, and help from their parents, have been outbid by cash offers. Rental costs are through the roof, with the average one-bedroom going for $1,683 (22.1% YoY increase), but it is hard to find an available apartment as occupancy hit 97.5% in December 2021. This all ties in with the drastically declining birthrate as people cannot afford to support themselves, let alone a family.
The unfortunate state of the economy will lead to a new generation of frustrated individuals who are behind in life at no fault of their own. The government has killed the economy, and with it, the American dream.
Dave Rubin of “The Rubin Report” talks about Jeff Bezos calling out Joe Biden’s inflation lies. Jeff Bezos attacked Joe Biden’s statement which connected inflation with corporate tax rates. Even Democrats like Bezos are turning on Biden as the US economy continues to tank amid inflation, supply chain problems, and market crashes.
QUESTION: Marty, Your forecast for the Panic Cycle here in Australian politics was correct and it beat all the polls as you did in BREXIT. Our new leader is a full-on board with the WEF climate agenda and will have all cars electric by 2030. As you say, in war you take out the power grid first. I guess this makes the power grid even more of a first-strike target.
I want to thank you for Socrates. It is great to have something that provides a non-emotional forecast. The forecasts you publish on so many things around the world are amazing and accurate.
So my question is this. You were correct that rates would rise, or Socrates was, and you said that there would be shortages with a commodity cycle mixed with war rising and civil unrest. So now that the central banks are in a state of panic, what do you expect with the panic cycle in 2023 in the Fed?
ANSWER: You are correct. Too many people attribute everything to just me as if I have a crystal ball. The forecasts are from the model. Nobody could be forecasting so many things for 40 years on a gut feeling and be correct. The odds of humanity are against that.
People tend to forecast what they want to happen. It is just an inherent human flaw. But it is also what drives markets. The majority of people are influenced by the direction of the trend. So a rising market makes people feel bullish and a declining market makes people more pessimistic. That is just a fact of life. So the ONLY hope for an accurate forecast MUST come from a non-emotional source. Staring into 2023 just looks like total chaos.
I do get the occasional email asking me how I cope with my own forecasts. I look at it this way. If I said here comes my fist, I’m going to punch you in the face. Do you just stand there and smile or do you dodge the punch, or defend against it? Isn’t it better to know something is coming to prepare?
It is more like an out-of-body experience for me personally because these forecasts are the computer and I have to stand here and watch as well as live through them. It is a different experience to forecast these events years in advance and live through them myself.
I am concerned that when you look around the globe, so many things have serious targets and panic cycles in 2023. Even in the war cycle, the computer has the highest aggregate bar for 2023. The central banks are unable to prevent inflation because this is a shortage crisis, not a speculative boom where raising interest rates will reduce the buying.
While the Central Bankers think this is clear sailing, they have entered uncharted waters. The risks of the markets discovering they cannot control the economy anymore will raise the crisis to extreme levels as we head into 2023.
QUESTION: Hi Marty, You mention that cryptocurrency has been orchestrated to get people accustomed to cryptocurrencies for the end goal of the Great Reset – all digital currency so they can tax, absolutely every transaction. All popular blockchains are transparent and provide no privacy but there are some blockchains that do provide privacy and are uncensorable. Do you think crypto could ultimately live up to its name?
Alan
ANSWER: The sales pitch behind cryptocurrency is seriously flawed. (1) they depend entirely upon the government; with the stroke of a pen, they can all be seized; (2) They also depend upon a power grid; (3) they also become dependent upon others accepting them. But note that the last 12 years from 2020 to 2032 were dominated by a rising authoritarian level of government. That means you better not trust that they will simply standby and allow some alternative currency to defeat them. It’s not going to happen. Anyone who disagrees has unprecedented confidence in politicians. I’m amazed when people believe that government really cares about them.
The scenario they put out is that these are outside the fiat system and thus somehow surviving. The only thing outside the fiat system as they want to call it is EVERYTHING tangible from real estate, stocks, collectibles, and precious metals. There is a much greater track record behind those and how they survive than cryptocurrencies. If the world went to Hell in a hand-basket as they say, there is no power grid, then how is a cryptocurrency going to survive?
In a Mad Max event, the #1 store of value will be food. Forget anything dependent upon the power grid. When the United States wages war as in Iraq, the first thing they do is take down the power grid, the communications, and then the water supply. Step back and look at Putin and Ukraine. He seized the nuclear power station, the biggest in Europe, but he did not shut it down. He did not knock out the communications and he did not attack the water supply. All of that PROVES he had no intention of conquering Ukraine, but he was in fact defending the separation of Donbas.
If we were to get into a direct war with Russia or China, they will attack those three key sectors — power, communication, and water. How are cryptocurrencies going to survive such an event?
Call me old fashion, old-school, or just old. But the most PRACTICAL thing you can do is have pre-1965 silver coins that the average person can recognize and see the date knowing that it is valuable. We have all seen those videos where a person is offered a silver bar or a chocolate bar, and they take the chocolate. DO NOT judge everyone by yourself. Just because you understand something does not mean everyone does.
Cryptocurrencies are TRADING VEHICLES but not a long-term asset class. Our computer called the top in the cryptos, and it has been the ONLY unbiased forecaster out there. This is why so many major institutions and central banks look at our system — it has NO conflict of interest and NO HUMAN EMOTIONS (like Spock of Star Trek). Someone neck-deep in crypto will never see a decline because they are influenced by their own position.
Socrates independently writes over 1,000 reports every day covering markets around the world. We are NOT blocked in China or Russia because they KNOW this is written by a computer and it is objective. Here is a video providing just a quick overview of the various markets and economic statistics that are available. There are not enough analysts in the world to write these many reports daily.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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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