Fannie Mae forecasts a “modest recession in the latter half of 2023” and believes the house-buying frenzy will begin to cool in the US. The Federal Reserve’s hawkish direction to curb inflation has led the agency to believe that a “soft landing” for the US economy is unlikely.
“With the most recent inflation readings at levels not seen since the early 1980s and wage growth exceeding that which is consistent with a 2-percent inflation objective, we believe the odds of a soft landing are even lower. Returning to the Fed’s policy target, therefore, likely necessitates economic growth slowing sufficiently to lead to a rise in the unemployment rate, which would cool wage and price pressures.”
Naturally, they see mortgage rates rising. Home sales for 2022 are now predicted to decline 7.4% compared to their initial forecast of 4.1%, while sales in 2023 are expected to decrease by 9.7% (initial projection: 2.7% decline). Adjusted for inflation, Fannie Mae sees house price growth approaching 0% by the end of next year.
Mortgage credit is not a factor as it was during the Great Recession and the checks and balances are in place after the 2008 scare. New construction is also expected to help with the “eventual recovery” as there is a lower inventory relative to demographic demand. Mortgage rates are now hovering around 5% after rising 1.95 percentage points since the December low. A similar spike in mortgage rates occurred in 2013 and 2018 and led to a downturn in home sales.
Interestingly, Fannie Mae has specified that the coming “modest recession” is “COVID-driven” and even admitted that the business cycle is at play:
“We have previously posited that the current business cycle would likely be shorter than those of the past few decades. GDP growth surged in 2021 after the relaxation of many COVID restrictions – also supported by historic income transfers and monetary policy easing – which led to a swift recovery but also planted the seeds of inflation. Therefore, despite only two years having passed since the COVID-driven recession of 2020, the economy has already moved into what could be described as the mature stage of the business cycle. Specifically, the unemployment rate is below the “full employment” level, inflation is accelerating as growth slows, and the Federal Reserve is beginning to tighten policy. These conditions typically mark the beginning of the end of an economic expansion.”
Posted originally on the conservative tree house on April 20, 2022 | Sundance
The German government released their version of the producer price index for inflation, and they are reporting 30.9% inflation for products leaving German factories. [DETAILS HERE] That’s the highest rate of inflation since shortly after the second world war.
The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year. However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns. The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.
Germany is the largest economy in the European Union. This level of inflation within Germany has major ramifications.
First, with this level of energy inflation Germany cannot afford to stop purchasing Russian energy products. There’s no way for Germany to join or increase western sanctions against oil and gas they need to stay sufficient. Germany is dependent on Russian energy.
Second, with Germany’s economy this vulnerable; and with Germany being so dependent on Russian energy; Germany will have to distance itself further from any Ukraine assistance. In the background of western voices already being upset with Germany for not providing more support for Ukraine, their economic vulnerability explains their unwillingness. The U.S. proxy war against Russia does not benefit Germany, at all.
Third, as a result of the first two points, Volodymyr Zelenskyy will be even more mad than he was yesterday. Additionally, the German position makes Biden more vulnerable because it forces the U.S. to take a bigger public footprint on the entire operation. This explains why the people in the background of the White House are saying Ron Klain needs to quickly extricate Biden from his unilateral focus on Ukraine.
If the White House doesn’t cut Zelenskyy loose soon, the anchor of fail Ukraine represents will further sink Biden. Sooner or later the White House, Administrative Deep State, Dept of State and Intelligence apparatus along with the total foreign policy establishment and all the politicians who benefit financially from their use of Ukraine, are going to have to give up.
With countries like Germany needing to back away, it becomes harder for the Biden administration to retain the false front around NATO as a justification for their intervention and money laundering operations.
Additionally, if the French election goes to Le Pen on Sunday, well, katybar the door – because it’s complete and total game over…. Ukraine will be cut loose and someone from the CIA will assassinate Zelenskyy on the way out, leaving a note on the nightstand that says, “Putin did it.”
GERMANY – German annual producer price inflation topped 30% in March, the country’s Federal Statistics Office said on Wednesday. That’s its highest level since the agency began collecting data 73 years ago.
The biggest culprit? Energy prices, which rose nearly 84% from the same month last year. “Mainly responsible for the high rise of energy prices were the strong price increases of natural gas… which was [up] 144.8% on March 2021,” the statistics office said in a statement.
It is one of first signs of the huge impact Russia’s invasion of Ukraine is having on the German economy, Europe’s biggest. Producer prices rose by nearly 5% between February and March alone.
Consumers should brace themselves. Factory gate inflation feeds into retail prices, and shoppers can expect to spend more on everything from furniture to meat, according to Wednesday’s figures.
German consumer price inflation is already at a 41-year high, hitting 7.3% last month. Energy prices were the main contributor, up almost 40% from the previous month. (read more)
Posted originally on the conservative tree house on April 14, 2022 | sundance
The U.S. Census Bureau {LINK} reports the March retail sales data {pdf LINK} showing a contraction in sales overall (excluding gasoline) and a massive contraction in on-line sales. As we expected, we are seeing the continued demand side contraction for non-essential purchases.
First, when you review the data, keep in mind all of the statistics are based on dollars. Currently the BLS calculates the rate of inflation at 8.5 percent year over year. So, when we look at retail sales figures, we must remember the items being sold cost more. Any reported sales figures in a sector that do not exceed the inflation in that sector, indicates decline in units sold.
The top-line for March retail sales is 0.5% growth; however, the rate of inflation is 8.5%, so the amount of goods sold is substantially less than the 0.5% dollar increase would indicate. Subtract the sales of gasoline (w/ massive price increases), and retail sales are negative (-0.3%) in March. SEE TABLE-2
A good category to note the contraction in non-essential purchases is electronics and appliances. Again, CORE inflation in that segment is around 6%, and yet total sales were only 3.3% higher, meaning less actual units sold. Compared to 2021, electronics and appliance sales dropped 9.7%.
Showing how much people are pinched, gasoline prices are around 60% higher than this time last year, yet gas station sales only increased by 8.9%. This means people are buying a lot less fuel at much higher prices. People have shifted their transportation habits because gas costs so much.
Two more very interesting notes:
Food and beverage stores only reflected a 1.0% increase in sales, amid massive inflation in that sector. People are buying less food at higher prices. The year-over-year rate of retail sales increase for supermarkets is 8.4%, however, prices in the grocery store are well beyond 20%. Again, food prices are changing shopping habits. You can see the same trend in Health and Beauty Care products. Consumers are being thrifty and prioritizing their expenses away from non-essentials.
Secondly, perhaps the most obvious shift in consumer spending is noted in on-line (nonstore) retailers. March retail sales dropped 6.4 percent for on-line shoppers, again as a consequence of much higher on-line prices and some product unavailability.
The bottom line of the Retail Sales report is not unfamiliar to us. What we are seeing is a lessening in overall consumer spending, as the costs for food, fuel, energy and housing have skyrocketed. The demand for non-essential purchases is what we would naturally expect to see amid a nation having to make tough purchasing decisions based on inflation.
The economic policy of the people behind Joe Biden is catastrophic, and it appears to be a feature not a flaw.
That said, wise people -including people here- know how to extend their budgets and make use of raw ingredients for multiple purposed meals. Keep doing that as much as possible to offset the dramatic increases in price. Look for sales, use coupons, multipurpose products and be smart with purchase decisions.
We can and will get through this together.
If you have tips for people to assist with lowering costs of everyday items, please feel free to share them in the comments section below. We always find excellent ideas around us for small ways to save.
Coming from a family whose Tupperware® was a matching set of Cool Whip containers, I can tell you there are times when being frugal is a valued skillset. I welcome all the great advice we share as a community, and I will not let these horrible government officials remove joy.
I’ve been broke more than most, but I ain’t never been poor.
Posted originally on the conservative tree house on April 12, 2022 | Sundance
This is not going to be news to CTH readers and intellectually honest analysts. The Bureau of Labor and Statistics has released the March consumer pricing data [DATA HERE] showing the recent surge in energy, gasoline and food costs that we have all felt.
The monthly increase of 1.3% brings the annual rate of inflation to 8.5 percent year-over-year. However, the details tell the exact story we have been outlining for well over six months. This is the second wave of inflation being recorded. Grocery store prices (food at home), energy prices, and gasoline prices are all driving the inflation rate. [BLS Table 1]
Again, I modified Table-1 to take out the noise. The data shows what we have felt for the past two months. Working class families are feeling the pinch as their wages cannot keep pace with the increase in prices on products that are a priority. Food, housing, gasoline, energy.
If we were using the old CPI method for analysis, current inflation would be well above 20%.
That said, there are issues also inherent and visible in the data for the non-food and energy segments, what I would call the durable goods side. First, we are seeing the beginning of the durable good contraction getting quantified as we have previously discussed. The prices for used vehicles, electronics, appliances and other non-critical durable goods are now flatlining, or even dropping in price.
Every indication within the economy indicates this is being caused by a demand contraction. People are not purchasing durable goods because their disposable income is gone. This lack of demand also shows up in wage rate suppression. Despite high employment, wages are not rising – in part because there is excess productivity in the durable good economy.
You will note from Table-2 [available here] that food away from home, restaurant food, is not climbing as high as food at the grocery store (0.3% -vs- 1.5%). Restaurants are trying to keep prices down and their profit margins are being eroded. They are in a tough place, because if restaurants raise prices, they may lose customers who are already feeling pain in their checkbooks. However, they cannot hold out much longer before raising prices, because the price increases are permanent.
The good news is the March data appears to quantify the apex of the second wave rate of inflation. The rate of increase in food, fuel and energy will now start to moderate and slow down. The prices may, likely will, keep going up, but they will go up less dramatically than they have in the past six months. This price plateau will hopefully remain in place until late summer, that’s when the next harvest food costs will hit in Wave-3.
On the durable goods, what we will see now is a typical demand side issue. Price increases for durable goods will quickly, if they are not already, be less connected to material costs and more connected to demand. Obviously, the cost to manufacture, create, produce, transport and deliver durable goods is still experiencing upward pressure due to raw materials. However, the demand variable will now enter more dominantly.
With wage growth meek and prices still rising on essentials like food, housing, energy and gasoline, demand for non-essential durable goods will drop. The demand decline should naturally put downward price pressure on appliances, electronics, used vehicles, etc. Unfortunately, this also contracts the overall economy, creates unemployment, and indicates “stagflation.”
(MSM) – […] The consumer price index leaped 8.5% annually, the fastest pace since December 1981, the Labor Department said on Tuesday, likely cementing Federal Reserve plans for an unusually large half-point interest rate hike early next month. That increase is up from 7.9% in February and inflation now has notched new 40-year highs for five straight months. (more)
We will need to watch the service side closely now to see if consumers start to lessen travel, entertainment, and other service side expenses.
Protect your family. Be frugal, wise and smart with expenses. However, do not trouble yourself with dark imaginings.
If you are like most here, you have prepared yourself with commonsense actions and you are a doer who fixes problems, not a naysayer who sits around mulling over them. Your family, kids and/or grandkids as well as your community can benefit from wise, albeit sometimes stern, counsel. Stand strong, stand firm and stand resolute.
All of these challenges are simply that, challenges. Work any problem as it arises, including for the kids. And also remember, God is in charge, not you. So, listen to his instructions. Listen to that instinct he buried within you. Draw upon the strength that a loving God constantly provides.
Be a vessel for those who need hope. Be a guiding light for those who feel distressed. Be cheerfully strong among everyone around you, and thankful for all the kindness you experience. If you get stuck, start giving….
Ultimately, everything is a choice. So, be the lighthouse, not the rocks.
India imported $3.3 billion in goods to Russia in 2021, and the finance ministry has no plans to slow that source of revenue. India has not placed sanctions on Russia. The Federation of Indian Export Organizations (FIEO) announced that India will now switch to a SWIFT alternative that permits rupee-ruble payments between the two nations. This renders removing Russia from the SWIFT system a moot point for India as exporters may continue business as usual with their Russian partners. Furthermore, this will permit India to continue purchasing Russian energy at a time when other countries are shunning the resources they need the most.
In fact, India is hoping to profit off of the West’s ban on Russian exports. “Export to Russia is not much, only in agriculture and pharmacy products. Now that the whole of the West is banning Russia, there will be a lot of opportunities for Indian firms to enter Russia,” a member of the FIEO stated. Indian Oil Corp has begun purchasing more oil from Russia and there are talks of purchasing highly sought-after fertilizer from both Russia and Belarus.
India,the largest oil importer in the world, was only purchasing around 2% to 5% of their crude from Russia in recent years, but with the prospect of seeing a heavy discount, they are likely to turn to Russia instead of the Middle East. “Countries with oil self-sufficiency or those importing themselves from Russia cannot credibly advocate restrictive trading,” an Indian government official cited weeks ago.
So if there is an easy solution for rupee-ruble payments, we should expect to see an easy solution for yuan-ruble payments. These nations are looking at finances rather than politics and will profit as a result.
Biden’s approval rating is now at its lowest point since he entered office. America is now at its worst point since he entered office. Biden has repeatedly shown the people that he is an incompetent leader. Even the White House has had to clarify Biden’s statements as a misstep while speaking as the POTUS could lead to a world war.
Around 71% of respondents say America is “on the wrong track” under the Biden Administration. Inflation has caused the cost of living to become unmaintainable for 62% of American families who stated they are “falling behind” on finances, and 63% said they do not approve of his handling of the nation’s economy.
Only 28% of respondents said they had a “great deal” (12%) or “quite a bit” (16%) of confidence in Biden’s ability to handle the conflict in Ukraine. Around 51% of Americans disapprove of his management of foreign policy overall. Everyone knows that Joe Biden is unfit to lead America at this point.
While it is true that all nations selfishly act to expand their geopolitical influence and power following Adman Smith Invisible hand be it internationally as well as domestically against their own people – i.e. endless regulations and rising taxation. Just two days ago, Blinkin had his wrists slapped with a club warning that he was propelling the world into a catastrophic war that would end all time telling Ukrainians they can win and that the US was demanding Regime Change in Russia. Then came the backtrack cleaning up what had been hurled at Russia and he pronounced the United States would NOT seek Regime Change in Russia and he was back to telling Zelensky to settle.
There is serious concern that Biden has really lost it. He has now come out again calling for Regime Change in Russia. Biden is off the chain and suddenly thinks he is really president. He came out and contradicted his own staff Monday claiming he has not retracted his comments on regime change in Russia.
“I’m not walking anything back,” Biden pronounced! “The fact of the matter is I was expressing the moral outrage that I felt.”
Hopefully, both China and Russia are well aware that Biden is out of control. If anyone desperately needs Regime Change, it is the United States. NEVER in the history of international relations has ANY complete collapse in civility ever taken place between the major world powers. Kennedy NEVER called Khrushchev a madman. That would have prevented any negotiations to calm things down. Biden is NOT competent to be the leader of the United States and he certainly cannot represent the West. Kennedy was able to sit down with Khrushchev – nobody can imagine that taking place now the way Biden has handled the situation turning into a new COLD WAR that is close to turning RED HOT.
Nixon, on the other hand, did lose his cool and not just raised his index finger and was poking Khrushchev’s chest. In a bar, that is what they say are fighting words. Whether Nixon lost his cool or this was a deliberate attempt at intimidation is hard to say. However, Khrushchev is closing his eyelids at that moment which is clearly trying to psychologically block Nixon and ignore him. If Khrushchev was a lesser man and a hothead, that would have been war right then and there. But Nixon was the Vice President – not the President which diminished the act politically.
When Nixon became president, in 1972 he visited the People’s Republic ofChina, where he met with Chinese Communist Party Chairman Mao Zedong. Nixon was what most people called a Hawk in those days so they did not see him as bending the knee to communists. To a large extent, Nixon was seeking to divide and conquer. His hardline tactics with Russia would get him nowhere. Nixon had chosen to try to split Russia from China highlighting all the nukes and troops guarding the border with China.
Nixon’s visit to China was of particular significance. The US had refused to recognize the Communist government and continued to recognize the rebels in Taiwan and the real government. That was a real problem politically. How do you meet with a leader you do not recognize? Nixon pulled it off and began friendly relations with China v confrontational relations with Russia.
This time, Biden has threatened both and is undoing what Nixon sought to do for national security – divide China and Russia. There is great concern that Biden is becoming a loose cannon on the world deck in the middle of a hurricane. There is no telling which way he will shoot off his mouth next. He really should be removed from office for the sake of the entire world.
The greatest fear I have is that Zelensky will be desperate to create a fake attack on his own people like everyone else has done to push their agenda. It would not be unexpected if the Ukrainians/West stage a FALSE FLAG and kill their own to get NATO and our real madman Biden to enter World War III. At Maidan, the snipers killing protesters were from the buildings occupied by the protesters. But Victoria Nuland told them unless the deaths reach 100, the US would not act. The snipers killed exactly 100 people and there is footage of Ukrainians leading the people to the very spot where they were targeted.
We see this same tactic in many instances around the world including project Northwoods which proposed to kill Americans and blame Cuba to justify an invasion. Hitler set the Reichstag Fire to blame the Communists to grab power. This is the oldest trick in the book and it coming next. Many consider even 911 a FALSE FAG to get into the war of Terror that targeted Iraq which had nothing to do with 911. They also see the Patriot Act as a bonus for regulators. Now try wiring $3,000 outside the USA to an individual and it must be reported to the government – no longer $10,000.
Following similar claims by his Secretary of State and ambassador to the United Nations, US President Joseph Biden then declared that Russia will pay a “severe price” if it uses chemical weapons in Ukraine. They will always draw the line in the sand and then claim the other side crossed it. Perhaps you will recall President Barack Obama also drew a red line in Syria. Almost as soon as Obama implemented his “red line” policy vowing an American military response if the Syrian army attacked the Western-backed opposition with chemical weapons, that was followed by the accusations to get the US to invade. Al Qaeda-aligned opposition factions immediately came forth with claims of mass casualty sarin and chlorine bombings of civilians. Obama then responded with a series of US-UK missile strikes on Damascus. Once again, they wanted to trigger a disastrous regime change that destabilized Iraq and Libya.
However, every major chemical weapons event was followed by allegations that Syria violated that red line when in fact they were FALSE FLAGS staged by the opposition forces. As a former US ambassador in the Middle East told journalist Charles Glass, “The ‘red line’ was an open invitation to a false-flag operation” as reported by Harper’s.
The FALSE FLAG became obvious during the April 7, 2018, incident in the city of Douma. That is when an anti-government militia on the brink of defeat claimed civilians had been massacred in a chlorine attack by the Syrian army. But independent inspectors from the Organization for the Prohibition of Chemical Weapons (OPCW) found NO evidence that the Syrian army had carried out any such attack. The event was staged hoping to drag the United States into the conflict they were losing but Americans were tired of endless wars that never implicated American national interests, just the rantings of Neocons who hated everyone. Obama tried to see the invasion and the American public said NO!
Zelensky is putting out the same propaganda that Putin’s inner circles is about to overthrow him when this has raised Putin’s verified approval rating to twice that of even Biden inside Russia, The Russian people know that they are being targeted by Biden just as American believed that Russia interfered in the 2016 election.
Zelensky had the audacity to put out a more bullshit speech to the Italian Parliament claiming that Russians are capturing little children and torturing them. Zelensky has been appealing everywhere he can to beg for the West to enter to create World War III. He is screaming that World War III has already begun. The world will not be safe until Ukrainian remove Zelensky from destroying their own country and America seeks its own regime change and impeaches Biden.
Zelensky will not admit that he has approved of the Ukrainian Natis who hate Russians and his war heroes saw their counterparts in the Nuremberg Trial executed. He is pleading for the destruction of his own country and we are fools if we ignore the history of Nazism in Ukraine. Bandara is hailed as a hero and the US never prosecuted the Ukrainian Natzis only because they were useful due to their hatred of Russians. I warned from the outset, having friends on both sides of Ukraine, that the ONLY fair solution was to divide the country based upon language which I argued back in 2014. I warned that the computer had targeted Ukraine as where the conflict would begin back in 2013.
Now we must be deeply concerned about a FALSE FLAG. Based on reliable information and belief, the very same MI6 people who stages the chemical attack in Syria to justify an invasion by the West, are present now in Ukraine. Zelensky is not to be trusted. He will allow chemical weapons against his own people just as the killing in Maidan were used to bring in the West. Zelensky will remain desperate to justify NATO entering and Biden to send troops. This will be a FALSE FLAG, for he will kill his own people and rationalize that they will become martyrs for his cause just as the CIA wanted to kill Americans to blame it on Cuba.
Unfortunately, Americans are hostile after being abused by COVID restrictions. Violent crime has exploded, and this is a very bad backdrop for this coming FALSE FLAG. Just look at Will Smith’s slap at the Oscars. Violence is becoming the answer. If Chris Rock fought back, we would have witnessed the highlight of Holywood’s absurdity.
Let us pray that Putin is NOT overthrown for the people behind him are far more aggressive and will see that as US interference in their country no different than the same strategy played out in the Middle East. Russia’s Neocons would have no problem nuking Kyiv and then ask the West – “Is this what you want?” Both sides have their Neocons. They took out Saddam and created ISIS.
QUESTION #1: Is this ECASH bill an attempt to do an end-run around the Fed raising interest rates and preparing to default on debt
EM
QUESTION #2: Martin: Congratulations on your “scoop” regarding ECASH, however…..you have done an extremely poor job of actually describing what it is…who will have it…will it be mandatory for everyone…what if anything it will change in regard to bank accounts, brokerage accounts,,,,daily transactions…etc…etc…etc! Is this going to be something that will immediately affect everyone’s life in a major way, or is it something that most of us can ignore, if we wish, at least for the foreseeable future? ALSO…what are the odds of it actually being approved by the house and senate? Thank you.
KG
Set of Federal Reserve Notes issued by every branch
ANSWER:NO it’s not an end-run around the Fed with interest rates. It is terminating the Federal Reserve issue of paper money. The Fed will still be able to create electronic money buying in bonds etc as they do now. But they will not be issuing paper money so the question will be the next stage of how to actually cancel what is out there. They will NO LONGER be printing money from here on out once they shove this down the throats of the American people.
It is the en-run against economic freedom and forces everyone on the grid. So while Biden hurls insults at Putin for an autocracy, he is working hard to eliminate our freedom right here at home. Because you will ONLY be able to buy it from a bank account, by default, they will eliminate the cash economy and realize Elizabeth Warren’s wet dream – they will tax absolutely everything!
It is interesting how our economic freedom made America the #1 world economy and Warren turns to Schwab’s star economist on how to bring America down to its knees. The WEF goal is to end the United States as a superpower. I call that treason.
Warren’s adviser is not American – but the French Communist who lurks in the shadows. The World Economic Forum’s economic star celebrity – Thomas Pickety the French Economic Communist!
You will have to pay that 14-year-old girl next door for babysitting your kids with barter – chocolate bars, lipstick, cans of food, or just clothes on a shopping spree. It will be MANDATORY for everyone since the Fed will no longer be printing paper money. The only change to bank accounts is that they will eventually be required for everyone as Europe has already declared that it is a human right to have an account. Your bank accounts, brokerage accounts, and retirement accounts won’t change since they are already electronic book entries. That will be the WEALTH TAX in Biden’s separate bill. As far as daily transactions, in reality, you will be paying for something at a store the same but the cash will be like a Debit Card.
This will NOT be something that will immediately affect everyone’s life for it has to pass Congress. This is the time to start writing to every pretend representative we have. Come November, we really need REGIME CHANGE here in America in a major way but it is time to consider abandoning the Income Tax and moving to simply a retail sales tax to recapture our freedom. Then the “rich” will pay when they buy their $300 million yachts regardless if it is from a Trust, Foundation, Corporation, or personal Piggybank.
This will NOT be something that most of us can ignore if it gets passed. It will completely destroy our personal freedom. It is going to be a tough sell for all we need is just ONE Democrat to say NO. Otherwise, the Democratic Party will destroy our future and that of our children making sure that the United States will become just a footnote in the history books. That’s what will unfold for daring to follow Marxism just as communism fell officially on November 9th, 1989 (1989.85) with the collapse of the Berlin Wall. Guess what, 31.4 years from that collapse of Marxism, brings us to the rise of Marxism with the election of Joe Biden – 2021.25.
When Joe was practicing his speech in Poland, he was looking in the mirror saying:
“For God’s Sake, This Man Cannot Remain In Power”
The Democrats have declared war on the free markets and want to destroy the underground economy. If you are a bellman, get another job. This ends all tips unless it’s included in the tab, and when you have your mask on for the next manufactured pandemic, there will be no coins left for parking meters or vending machines.
Posted originally on the conservative tree house on March 28, 2022
When Joe Biden appeared before the press corps today, the intent was to clean up the mess he created in his trip to NATO this past weekend.
When Biden makes policy statements and reads from the teleprompter, Joe Biden usually doesn’t answer questions. Today was different. Today, it was obvious the White House communication team needed Biden to clean up his NATO statements.
The evidence for that is very clear, as someone was able to capture a picture of the talking points that were prepared for him to read. One pre-printed response even reads, “I was not articulating a change in policy.”
On Monday Biden, 79, told reporters he made “no apologies” for his remarks — made off the cuff and not part of his prepared speech in a nationally televised address from Poland Saturday — and did not view it as a provocation to Russia.
“It’s more an aspiration than anything. He shouldn’t be in power. There’s no — I mean, people like this shouldn’t be ruling countries, but they do. The fact is they do, but it doesn’t mean I can’t express my outrage about it.”
His comments closely aligned with notes printed on a small piece of paper that he was photographed holding in his left hand as he spoke that began as follows (read more):
No one has yet provided a good explanation as to why the Biden administration has a stage set of the White House in a studio across the street from the real White House.
The specifics of this Potemkin administrations are opaque, but everyone knows that it’s not Joe Biden making policy or executing these communication points. Biden is a puppet, that is not in question. The majority of his administration staff are from the Obama terms in office; that too is not in question.
The people who were behind Obama appear to be the same people pushing this Biden agenda.
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
Centinel2012 