Sunday Talks, El Erian Predicts, Accurately, Inflation To Climb Beyond Ten Percent This Year


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

Mohamed El-Erian, the chief economic adviser for Allianz, got the inflation problem correct; states a forecast in line with CTH Main Street review, but then falls short on his political outlook for the solution.

Within the interview, El-Erian predicts inflation at the current CPI measure will increase from current 7.9% to over 10% this year.  That aspect is in alignment with CTH review at ground level.

Current real inflation is more than 15% across the board, if you use the CPI methodology we were using in the 70’s and 80’s.  Both the scale and the speed of the current price increases are historic.  That is why you are seeing prices on retail items jumping so high, so fast.  The price increases on highly consumable goods are in the 15 to 20% range.  WATCH:

An increase to over 10%, using current CPI measures, equals an increase of 25 to 30% in actual price (using historic measures).  Keep in mind, we have already passed through a wave of backward-looking inflation in the 25 to 30% range.  El-Erian is predicting a duplication of that scale into the remainder of 2022, I agree.  The 2020 $3 item became the 2021 $4 item, which will now become the 2022 $5.50 item.  That is our reality. It will not get better.

Where we differ from El-Erian is on the wage side and the political analysis.  Any political intervention to create govt subsidy with the goal to generate a higher workforce will backfire – bigly.  Recent historic employment statistics have not yet reflected the demand side decline in goods.  The employment data is skewed and useless because of the COVID mitigation impact on jobs.

The employment picture is only just now starting to reflect the demand side drop.  Wages will not grow and will not provide fuel for inflation.  The currently hidden workforce reductions are generating downward pressure on wages naturally.  Adding subsidies (childcare etc), to generate a higher workforce into an environment with declining available jobs, will backfire.

Sector specific unions negotiating for higher wage contracts will find themselves trying to get wage increases while the top line of the organization is dropping due to lack of demand.   Unfortunately, the AFSCME is generally immune to this problem – government spending can always expand.

This is where El-Erian’s connection to Wall Street is his blind spot.  If what he suggests were carried out, govt will print money to cover even more deficit spending (the BBB agenda). That increased money supply will create even more inflation at the same time real life wage pressures are going down because the economy is contracting, and workers are getting laid-off.

The economy, quantified by the goods/services generated (minus imports), has been contracting since mid 2021.  The govt COVID subsidies created artificial and unnatural demand for goods.  If you take the massive COVID expenditures ($5+ trillion) out of the 2021 economy, the result is a recession that began mid 2021.

That bloated chicken, which carried the inflation created by the printing, is coming home to roost.  There ain’t no way in hell to avoid it.  The recession exists, regardless of our desire to ignore it or fill the hole with more QE printing.

The inflation problem is now magnified by the need for the Fed to raise interest rates and stop purchasing our own debt.  Raising interest rates will lower investment and naturally create fewer jobs.  The economy will contract further and faster.  El-Erian accurately notes there is no positive way out of this scenario, there are bad options and worse options.  The difference between them is how slow or fast we want to take off the bandaid.

$3 – $4 bread in 2020, became $4 – $5 bread in 2021, which will become $5.50 – $6.50 bread mid-summer 2022.  Other food store averages will follow a similar rate of price increase.  The processed food inflation is settling down, however, fresh foods inflation will now take over and has only just begun.  Fresh fruits and vegetables will increase in price at roughly twice the rate of processed goods.

Chemical product price increases should level off mid-summer; however, with unleaded gasoline still on target for $7/gal [diesel $8/$9 (range)] the packaging, transportation and distribution costs will continue putting upward pressure on finished good prices.

All of these things were going to happen this year, regardless of Russia and Ukraine.  The European conflict is now just a convenient excuse to avoid blame for outcomes of the underlying policies.

This economic reality is not exclusively a U.S. issue; however, the scale of the economic problem is exclusively a U.S. issue.  The globe may drop into a recession, but our hole will be far worse.

Another Round of Ukraine Hoaxes Discovered?


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

The propaganda out of the Ukraine/Hollywood association is continuing unabated.   In a Twitter video today, pushed by Buzzfeed Journalist Christopher Miller {SEE HERE}, the claim is, “President Zelensky walked to a hospital today to visit wounded Ukrainian soldiers and award them with state honors for their sacrifices.

However, alert researchers noted {SEE HERE} the woman to Zelenskyy’s left, in the video, is a physician named Inna Derusova. She was reported to have died on February 26th.

{LINK}

As we said from the outset, do not take anything at face value. Question everything that is being presented.  The level of western propaganda to support the intents of the U.S./NATO and multinational community are extreme.

TechnoFog took a look at the Mariupol maternity hospital story.  That too looks faked and manufactured for western media consumption intended to influence the mind of U.S. and allied citizens: “Assessing the alleged Russian strike on the Mariupol maternity hospital” {SEE HERE}

The other story of the U.S. journalist shot and killed today?…  Also, very sketchy.

Pay attention to how articles are worded for sourcing:

WASHINGTON POST (CIA) – Award-winning American journalist Brent Renaud was fatally shot while reporting outside of the Ukrainian capital on Sunday, according to two Ukrainian officials, prompting an outpouring of grief. (link)

POLITICO – Brent Renaud, a Peabody-winning filmmaker, was reported to have been wearing a New York Times press badge — though the Times said on Sunday that Renaud had not worked for the publication since 2015 and was not in Ukraine on assignment for it.

[…] The police in Kyiv said Renaud died after Russian forces opened fire on his car. The Associated Press reported that American journalist Juan Arredondo was traveling with Renaud when both were shot, and while Renaud was killed, Arredondo was shot in the lower back and wounded. (read more)

Immediately, the framework of the story sounded sketchy.  The shooting was reported to have happened at a checkpoint at a bridge in Irpin?  There are no Russian forces in control in that city, and any checkpoints present at the moment would be commanded by Ukranian forces.  Is it another case of mistaken identity?.  Manipulated, once again, as a propaganda effort by those trying desperately to gain western sympathy… or is it all just BS?

Again, it is worth continually reminding everyone.  Based on how the Western media was deployed in the previous 2014 Ukraine operations, there is a strong likelihood much, if not all of this, is being created to generate Pallywood type sympathies.

The conflict in Ukraine is real.

The Russian military involvement is real.

However, the outcomes within the conflict are something entirely different, and the Ukraine hoax issues relate to their storytelling in order to advance a sympathy narrative surrounding the conflict.

The Ukrainians do themselves no good by manufacturing these fakes.

Putting aside the absurd medical aspects, there is an obvious edit in the cinematography during the interview.  At the moment the video jump-edit takes place (0:17), the background at the foot of the bed changes.  That tells us this is a staged and manufactured interview using rough Hollywood type efforts.
If the story of the journalist’s partner being shot was staged and created, then what does that tell us about the story origin?
Trust your instincts.

J6 Fishing Expedition and 2022 Election Goals Could Reveal Why Pelosi Opened Satellite DC Police Offices in Key States


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

This post is an assembly of previous research, in preparation for what is likely to surface soon.

Anyone who has followed politics for any amount of time knows the Nancy Pelosi “January 6th Committee” is an opposition research effort under the guise of a House investigation.  The goal is to frame an extremist narrative favorable for the Democrats in the 2022 mid-term election.  That is the entire goal.

What the Mueller probe was to President Trump, the J6 Committee is to the MAGA movement.

Everyone, and I do mean e.v.e.r.y.o.n.e in Washington DC knew Robert Mueller was appointed as special counsel for one reason, to target President Trump, weaken his administration and ultimately remove him from office.  Not a single entity in DC did not know that was the goal.  The same is true here.

Everyone in DC knows Nancy Pelosi’s J6 Committee is intended to target Democrat political opposition. That is the goal. That is ONLY the goal.  Not a single entity in DC does not know that is the goal.

The Republican House members who voted to authorize the J6 Committee know the goal is to target Republicans.  Please repeat that as many times as you need in order to dispatch your battered conservative status.  The Republican House members who voted to authorize the J6 Committee are OUR ENEMY every bit as much as the Democrats.

All of that said, we are now entering the 2022 mid-term election cycle.  The downstream networks, identified by the J6 Committee, are likely to become targets – viewed as influence risks by the Democrats in power.  However, as the objectives of the J6 net grow wider, the DC jurisdiction of the J6 runs into an increasingly more challenging enforcement issue.

Legislative investigations are not criminal investigations.  They are authorized only insofar as they can provide legitimate information for the purposes of constructing future legislation.  As a result, a subpoena for compliance with a legislative investigation may or may not be legally binding if there is no outlined criminal conduct associated with the inquiry.

Thus, we enter the area of enforcement of a congressional subpoena, toward a target that has no criminal activity exposure, as it may relate to the J6 demand for inquiry compliance.  The targets of the J6 Committee are now expanding toward voices of influence opposed to their power and control.

Voices of influence can be websites or independent researchers who are sharing information adverse to the interests of the DC power structure.

If my suspicions from last year are accurate, I believe we are about to find out why Nancy Pelosi established satellite offices of the Capitol Hill Police Department in several states.  The DC Police are positioned to be used as the enforcement mechanism for non-criminal congressional subpoenas that cannot flow through the U.S. Dept of Justice.

REMINDER – JULY, 2021 – In a remarkable display of how committed the Democrat Party is to utilizing the narrative of domestic extremism for their own benefit, Nancy Pelosi is placing satellite field offices for the DC Capitol Police in key regions around the country.  When we consider the FBI has field offices all over the country, you might ask: Why does the Capitol Hill Police need to expand beyond Washington DC?

Essentially, what Nancy Pelosi is doing is expanding the federal law enforcement mechanism of the legislative branch into specific areas where they can investigate political opposition armed with legal authority.

This is a concerning shift in events; however, there is a likelihood such a move is connected to the larger political goal of enhanced federal enforcement to quell any rebellion while working in concert with the DOJ.

WASHINGTON — The U.S. Capitol Police on Tuesday announced that the agency was opening regional field offices in California and Florida to investigate threats to members of Congress in the wake of the Jan. 6 attack on the Capitol.

Threats against members of Congress have increased in recent years. As of Tuesday, total threats so far in 2021 were double what they were at this point a year ago, according to Capitol Police.

[…] “At this time, Florida and California are where the majority of our potential threats are,” a department spokesperson said in a statement. “The field offices will be the first for the Department. A regional approach to investigating and prosecuting threats against Members is important, so we will be working closely with the U.S. Attorney’s Offices in those locations.”

A spokesperson did not answer questions Tuesday about how many staff would be hired or what the cost to taxpayers would be.  The spokesperson said other regional offices were expected. (read more)

[Emphasis above, mine.]  See this for what it is without getting too granular on the specifics.  A federal political agency will now coordinate with federal U.S. Attorneys on specific targeting operations.  In essence, the Florida and California offices of Pelosi’s police will direct the DOJ on who and where to target.  This is completely political.

There’s no legislative or constitutional process for a subsidiary federal law enforcement agency to exist.  This appears to be a new construction outside the boundaries of the legislative branch, and quasi-constitutional from the framework of the executive branch.   Essentially, satellite DC police units.

State Governors need to respond to this action with direct and specific inquiries about what “federal” authorities “guide” these offices?  What federal legislative authority created them?  The New York Police Department cannot set up a field office in Atlanta, Georgia, or Dallas, Texas; there is no jurisdictional authority that would permit it.  So, how can the DC Police Department arbitrarily operate field offices in states outside Washington DC jurisdiction?

This appears to be a quasi-legal investigative agency run out of DC.  I would be very curious to see what legal authority they would cite to support the operation(s).

As we have mentioned previously, the United States Department of Justice is prepared to use federal law enforcement (FBI) to secure their position.  The purpose of their recent announcements should be clear to everyone.  We discussed and outlined the background previously.  {Go Deep 1} and {Go Deep Two}

In the background of these maneuvers, corporate Big Tech, corporate U.S. media and those DC politicians under the control of multinational corporations, have been instructed to push the “domestic extremist” narrative.

Any organized and articulate truth-tellers are considered subversive, i.e. against the interests of the U.S. government.  The January 6th DC protest is being used as an illustrative example for that narrative.

In an intelligence community controlled operation (ex. General Stanley McCrystal), ideological deplatforming, censorship, content removal and ultimately control of voices who would warn of larger issues, continues daily.  […] “The group, Defeat Disinfo, will use artificial intelligence and network analysis to map discussion of [opposition] claims on social media. It will seek to intervene by identifying the most popular counter-narratives and boosting them through a network of more than 3.4 million influencers across the country — in some cases paying users with large followings to take sides against [their opposition].” (source)

I will say it again…. stop and hear the drums.   Something is about to happen; federal agencies are acting in a very proactive manner.  This shift by Nancy Pelosi is yet another advance move in preparation for, or in defense of, something they are planning for.  Either they are doing something, fearful of us discovering something, or they are preparing for us to react to something, and they are pre-positioning assets to defend against it.  They are all-in, and it shows.

At the 30,000/ft level, approximately 100 million+ American voters are considered dissidents now. Meanwhile, the DOJ, the FBI and now DC Capitol Police are preparing against the American people implementing state-level action, the true nature of federalism, as a defense against a corrupt federal government.

{BREAK}

Everything above I said last year.  We are now entering the mid-term 2022 election cycle, and the Democrats have to trigger something or else they are going to get crushed in this election cycle.  That something is likely going to come directly from the J6 construct.  That something is likely the use of the J6 authority to target political influencers.

We are all distracted by large shiny things being deployed.  While the MSM is gleefully filling time with all things Russia, Ukraine, NATO etc, it is important that we focus domestically on what is happening around us.

Something inside this J6 dynamic is about to take place.  Something