Nearly Half of Canadian Families Experiencing Some Difficulty Affording Food

Armstrong Economics Blog/Canada Re-Posted Oct 24, 2021 by Martin Armstrong

We reported that food prices are on the rise in Canada and worldwide. A recent survey (n= 5,011) shows the impact inflation is having on Canadian families. According to a poll by the Angus Reid Institute, nearly half (46%) of respondents said they were having “some difficulty” paying for groceries. Over one-third (37%) said they found feeding their families “difficult,” while an alarming 9% revealed it has been “very difficult” to put food on the table. Despite growing wages, 43% said the increase was “not even close” to offset additional costs. When asked whether the cost of living or losing income was of greater concern, 87% said that inflation impacting their cost of living is their main worry.

All the data coming in is consistent with Socrates’ forecast that food prices should rise between 2022 into 2024 due to shortages, as we have seen with the ongoing supply chain crisis. While developed nations may not be at risk of famine, there is a 17.2-year cycle to famines extending back to 2200 BC. For example, the famine in North Korea during 1994-1998 claimed an unknown number of lives. The North Korean government maintains that “only” 225,000 to 235,000 died during the famine, while others believe the number is closer to 2.5 million to 3.5 million. Food rations and famines have occurred in recent history, and it is not far-fetched thinking it could happen again. Our models indicate that in certain parts of the world, the cycle beginning in 2022 will extend into 2028/2029.

Property Rights are Human Rights — 2032.95

Armstrong Economics Blog/ECM Re-Posted Oct 23, 2021 by Martin Armstrong

Here is a simple explanation of property rights for those who would like to abolish capitalism. Klaus Schwab says, “You will own nothing, and you will be happy.” I think it is important to understand what this entails. I have said before that socialism cannot exist outside of authoritarianism to force people to comply with its mandates. Under communism, the government seizes the means of production, land, and you own nothing. While there are different forms of socialism, the government has the ability to take your property rights away through taxes and laws to prevent anyone from being unequal.

That said, the third cycle of the 51.6-year Economic Confidence Model wave from the rise of socialism in 1882.45, 1934.05, and 1985.65 is the wave when Marxism collapsed. Governments and people like Klaus Schwab are making a major effort to take over the world by sheer force and have used this virus to destroy the economy to justify nationalizing industry. The very first wave into this cycle saw the collapse of communism in 1989.95 and 43 years later (half an 86-year cycle), we will experience the collapse of Western socialism — 2032.95. There is no stopping this cycle, but we can, at best, reduce the amplitude.

Powell on the “Economic Exit from the Pandemic”

Armstrong Economics Blog/Economics Re-Posted Oct 23, 2021 by Cassandra

At last, Federal Reserve Chairman Jerome Powell has begun speaking independently as he departs from the Biden agenda. Former President Trump and Powell notoriously clashed over interest rates, and we heard time and time again that the central bank was independent of government rule. Once Biden entered the White House, Powell seemed to be more on-board with pushing forth his agenda and a shoo-in for reelection. Recently, Powell came under fire for share trading he made last October as central bankers have become the new scapegoat, and now, his tone has changed.

While speaking at a virtual conference with the Bank for International Settlements on Friday, Powell surprised many by taking a hawkish tone. The dual mandate of maintaining both maximum employment and low inflation has become nearly impossible. Powell cited the main culprit – maintaining maximum employment under the Biden Administration.

Short of directly condemning the administration, Powell said the obvious situation now is that the US is still five million jobs beneath pre-pandemic levels. During his final question regarding outstanding concerns, the chairman reluctantly stated, “Italy is one thing in this successful management of…the economic exit from the pandemic.” That’s right – the chairman of the Federal Reserve has acknowledged that maintaining pandemic prohibitions and forced mandates is stifling economic growth. He went on to state how the economy is “missing an essential piece of output because of the constraints and the non-full opening of the service sector,” and he believes we need to give them time to come back. The service sector has experienced notably higher unemployment than other sectors. In some states, people cannot step foot in a restaurant unless they provide proof of vaccination. That is deterring a portion of the population from even spending money on that sector, not to mention employers are unable to fill positions after prolonged government handouts and forced vaccine mandates.

Powell lost his “transitory” tone on inflation, conceding he understands how “painful” inflation has been for everyone who is affected every time they make a purchase. Yet, it is not possible to maintain inflation without maximum employment. Yellen, who is fully on-board with the Biden agenda, recently said she is confident the US labor force will recover near-term. Powell admitted that conditions will be “extremely punching, certainly in the short-term,” and we may see a labor recovery in a year or so, but it largely depends on government and not Fed policy.

National School Board Association Apologizes for Letter Sent to DOJ Calling Concerned Parents Domestic Terrorists

Posted originally from the conservative tree house on October 22, 2021 | Sundance | 145 Comments

How bad was Attorney General Merrick Garland’s testimony before the House Judiciary Committee on Thursday?  It was so bad that 24 hours later the NSBA has openly retracted and apologized for the content of the letter that triggered AG Garland to activate the FBI.

Facing serious and unrelenting public backlash, and large numbers of Red State school boards dissolving their relationship with the national organization, the NSBA writes:

The Chicago Marxists and Woke Political Followers are Fracturing Western Society, Paving The Way For Vladimir Putin and Xi Jinping to Expand, LOOK

Posted originally on the conservative tree house on October 22, 2021 | Sundance | 146 Comments

When the Australian government began beating their citizens in the street for leaving their houses and protesting against severe lockdown rules, I said –somewhat tongue in cheek at the time– to watch Vladimir Putin (Russia) and Xi Jinping (China) trigger U.N. security council sanctions against the Australian government for human rights abuses.

The point I was making earlier was to highlight a danger.  If Western governments continued to devolve into totalitarian regimes, global autocratic leaders will take the opportunity to exploit vulnerabilities created by such open undemocratic hostility toward the principles of freedom.

Putin, Xi and the Mullahs in Iran can easily enlarge their global influence if citizens in formerly free democratic nations react to western COVID mandates by rightly and appropriately rebuking their national and regional leadership.

CONSIDER– What population inside a western democracy is going to want to fight Russian or Chinese geopolitical aggression when they view their own national leaders through the same totalitarian prism?

Think about it carefully, because we are at this inflection point.

♦Ex. If China takes military action against Taiwan, and the leaders of France, Germany, the U.K, Australia and the United States want to do something about it, their internal credibility accounts are overdrawn.  Western populations writ large will not support those requests, because the citizens no longer view those leaders through the prism of freedom, liberty and democracy.   This is the current situation.  This is the danger western leaders ignored when they jumped into their totalitarian COVID mindset.

In a clear example of how autocrats can exploit this self-inflicted vulnerability, check out this speech during a plenary session of the 18th annual meeting of the Valdai International Discussion Club in Sochi, by Russian President Vladimir Putin (h/t Rebel News):

Vladimir Putin:“We look in amazement at the processes underway in the countries which have been traditionally looked at as the standard-bearers of progress,” Putin said. “Of course, the social and cultural shocks that are taking place in the United States and Western Europe are none of our business; we are keeping out of this.”

“Some people in the West believe that an aggressive elimination of entire pages from their own history, ‘reverse discrimination’ against the majority in the interests of a minority, and the demand to give up the traditional notions of mother, father, family and even gender, they believe that all of these are the mileposts on the path towards social renewal,” said Putin, elaborating on the cultural decline of the west in the name of social justice.

“Listen, I would like to point out once again that they have a right to do this, we are keeping out of this,” Putin continued. “But we would like to ask them to keep out of our business as well. We have a different viewpoint, at least the overwhelming majority of Russian society — it would be more correct to put it this way – has a different opinion on this matter. We believe that we must rely on our own spiritual values, our historical tradition and the culture of our multiethnic nation.”

“The advocates of so-called ‘social progress’ believe they are introducing humanity to some kind of a new and better consciousness,” he added. “Godspeed, hoist the flags as we say, go right ahead.”

“The only thing that I want to say now is that their prescriptions are not new at all,” Putin continued, and highlighted the similarities between woke progressives to the Soviet revolutionaries who took over Russia.

“It may come as a surprise to some people, but Russia has been there already,” he said. “After the 1917 revolution, the Bolsheviks, relying on the dogmas of Marx and Engels, also said that they would change existing ways and customs and not just political and economic ones, but the very notion of human morality and the foundations of a healthy society. The destruction of age-old values, religion and relations between people, up to and including the total rejection of family (we had that, too), encouragement to inform on loved ones – all this was proclaimed progress and, by the way, was widely supported around the world back then and was quite fashionable, same as today. By the way, the Bolsheviks were absolutely intolerant of opinions other than theirs.”

“This, I believe, should call to mind some of what we are witnessing now,” he said. “Looking at what is happening in a number of Western countries, we are amazed to see the domestic practices, which we, fortunately, have left, I hope, in the distant past.”

“The fight for equality and against discrimination has turned into aggressive dogmatism bordering on absurdity, when the works of the great authors of the past — such as Shakespeare — are no longer taught at schools or universities, because their ideas are believed to be backward,” he said. “The classics are declared backward and ignorant of the importance of gender or race. In Hollywood, memos are distributed about proper storytelling and how many characters of what colour or gender should be in a movie. This is even worse than the agitprop department of the Central Committee of the Communist Party of the Soviet Union.”

“Countering acts of racism is a necessary and noble cause, but the new ‘cancel culture’ has turned it into ‘reverse discrimination’ that is, reverse racism,” noted Putin, who apt went on to describe the woke obsession with race and gender.

“The obsessive emphasis on race is further dividing people, when the real fighters for civil rights dreamed precisely about erasing differences and refusing to divide people by skin colour,” said Putin in reference to Martin Luther King Jr.’s speech.

“I specifically asked my colleagues to find the following quote from Martin Luther King: ‘I have a dream that my four little children will one day live in a nation where they will not be judged by the colour of their skin but by their character.’ This is the true value,” he said.

“However, things are turning out differently there,” he added. “By the way, the absolute majority of Russian people do not think that the colour of a person’s skin or their gender is an important matter. Each of us is a human being. This is what matters.”

“In a number of Western countries, the debate over men’s and women’s rights has turned into a perfect phantasmagoria. Look, beware of going where the Bolsheviks once planned to go — not only communalising chickens, but also communalising women. One more step and you will be there,” Putin warned.

“Zealots of these new approaches even go so far as to want to abolish these concepts altogether,” he said. “Anyone who dares mention that men and women actually exist, which is a biological fact, risk being ostracised.”

Putin then remarked upon the transgender activist movement and widespread efforts to erase femininity and womanhood.

“‘Parent number one’ and ‘parent number two,’ ‘birthing parent’ instead of ‘mother,’ and ‘human milk’ replacing ‘breastmilk’ because it might upset the people who are unsure about their own gender. I repeat, this is nothing new; in the 1920s, the so-called Soviet Kulturtraegers also invented some newspeak believing they were creating a new consciousness and changing values that way. And, as I have already said, they made such a mess it still makes one shudder at times,” he said.

“Not to mention some truly monstrous things when children are taught from an early age that a boy can easily become a girl and vice versa,” said Putin, remarking on childhood gender transitions and the embrace of non-binary identities to the exclusion of parents. “That is, the teachers actually impose on them a choice we all supposedly have. They do so while shutting the parents out of the process and forcing the child to make decisions that can upend their entire life. They do not even bother to consult with child psychologists — is a child at this age even capable of making a decision of this kind? Calling a spade a spade, this verges on a crime against humanity, and it is being done in the name and under the banner of progress.”

“Well, if someone likes this, let them do it. I have already mentioned that, in shaping our approaches, we will be guided by a healthy conservatism,” said Putin. “That was a few years ago, when passions on the international arena were not yet running as high as they are now, although, of course, we can say that clouds were gathering even then. Now, when the world is going through a structural disruption, the importance of reasonable conservatism as the foundation for a political course has skyrocketed — precisely because of the multiplying risks and dangers, and the fragility of the reality around us.”

“This conservative approach is not about an ignorant traditionalism, a fear of change or a restraining game, much less about withdrawing into our own shell,” he noted. “It is primarily about reliance on a time-tested tradition, the preservation and growth of the population, a realistic assessment of oneself and others, a precise alignment of priorities, a correlation of necessity and possibility, a prudent formulation of goals, and a fundamental rejection of extremism as a method. And frankly, in the impending period of global reconstruction, which may take quite long, with its final design being uncertain, moderate conservatism is the most reasonable line of conduct, as far as I see it. It will inevitably change at some point, but so far, do no harm — the guiding principle in medicine — seems to be the most rational one. Noli nocere, as they say.”  (Kremlin Website)

You likely found yourself nodding in agreement with almost everything stated in that speech, me too.  However, in the bigger picture, it is important to recognize who has inflicted this shifting dynamic in global and geopolitical perspectives.   Western leadership, writ large, have only themselves to blame.

Traditional Fascism was authoritarian government working hand-in-glove with corporations to achieve totalitarian objectives.  It didn’t work because the principles of free people cast aside the authoritarianism.  Then along came a new approach to achieve the same objective.

The World Economic Forum was created to use the same fundamental associations of government and corporations; only this time the WEF was organized for multinational corporations to assemble and tell the various governments how to cooperate to achieve control.   Fascism is the underlying objective.  The WEF just flipped the internal dynamic.

Some have called this corporatism. However, the relationship between government and multinationals is just fascism essentially reversed with the government doing what the corporations tell them to do.   Brutally obvious example: Big Pharma telling governments to promote the vaccine, and figure out the control details later….

Representative Thomas Massie Questions AG Merrick Garland About FBI Agents and Informants Participating and Agitating in January 6, DC Protest

Posted originally on the conservative tree house on October 21, 2021 | Sundance | 152 Comments

During a House Judiciary Committee hearing today, Representative Thomas Massie questioned Attorney General Merrick Garland about FBI agents and possible FBI informants planted in the crowd in DC to organize events.

Within the questioning, Massie presented Garland with a picture of Ray Epps, a former leader with the Arizona chapter of Oath Keepers attempting to agitate the crowd.

Massie also played a video [also below], highlighting how Ray Epps was one of the key people trying to stir up trouble and create an agitated mob response. Ray Epps is an interesting possibility, because he was never arrested or charged by the FBI. As pointed out by Sean Davis on Twitter“At one point, the FBI had his picture up on its page of people it wanted to question (Photograph 16). Not only was he not arrested, his picture was quietly removed from the FBI “Capitol Violence” page.”

The issues of Ray Epps not being arrested; and then his photograph mysteriously being removed; can be reconciled by a hypothesis that Epps was actually working for and operating with instructions from the FBI itself. Not only would this not be surprising, it would actually track directly with coordinated activity the FBI is known forWATCH (prompted):

Below is the video that Thomas Massie shared….

(Link to FBI Capitol Hill Violence Pictures)

“Anti-law enforcement violent extremists – may pose the “greatest threat” domestically this year and likely into 2022″, the narrative continues.

Perhaps I am wrong, but the only time I can recall in modern U.S. history that aggressive and illegal federal activity was halted mid-effort, was the example of the Clive Bundy ranch in 2014.  Armed citizens forced federal authorities, including the FBI, to back down.   In response to their loss, former AG Eric Holder vowed to revive “a domestic terrorism task force.”  Contemplate that response against the 2021 statements of the FBI saying domestic violent extremists (DVE’s) represent the greatest threat.  Can you see the connective tissue?

From the worldview of the DOJ/FBI, law-abiding U.S. citizens  – pushed to the point of taking up defensive arms against federal agents – are a threat.  Ergo, the newest definition of “Domestic Violent Extremists, or DVEs”, to define who the FBI view as their most substantive enemy.  Two years after the Bundy Ranch standoff, the FBI shot and killed LaVoy Finicum, fulfilling their promise to eliminate extremists as defined by their worldview.

The FBI was fully aware of the Boston Marathon bombers, the Tsarnaev brothers, before they executed their plot.  The FBI took no action.  The FBI knew about the San Bernardino terrorists, specifically Tasfeen Malik, and were monitoring her phone calls and communications before her and Syed Farook executed their attack killing 14 people and leaving 22 others seriously injured.  The FBI took no action.  The FBI knew Colorado grocery store shooter Ahmad Alissa before he executed his attack.  The FBI took no action.

The FBI knew in advance of the Pulse Nightclub shooter (Omar Mateen) and were tipped off by the local sheriff. The FBI knew in advance of the San Bernardino Terrorists (Tashfeen Malik). The FBI knew in advance of the Boston Marathon Bombers (the Tsarnaev brothers) tipped off by Russians.  The FBI knew in advance of the Parkland High School shooter (Nikolas Cruz). The FBI knew in advance of the Fort Hood shooter (Nidal Hasan), and the FBI knew in advance of Colorado grocery store shooter Ahmad al-Aliwi Alissa.  The FBI took no action.

Consider the case of the first recorded ISIS attack on U.S. soil in Garland, Texas in 2015.  The FBI not only knew the shooters (Elton Simpson and Nadir Soofi) in advance, the FBI took the shooters to the venue and were standing only a few yards away when Simpson and Soofi opened fire.  Yes, you read that correctly – the FBI took the terrorists to the event and then watched it unfold.  “An FBI trainer suggested in an interview with “60 Minutes” that, had the attack been bigger, the agency’s numerous ties to the shooter would have led to a congressional investigation.”

Remember, shortly before the 2018 mid-term election, when Ceasar Syoc – a man living in his van – was caught sending “energetic material that can become combustible when subjected to heat or friction”, or what FBI Director Christopher Wray called “not hoax devices“?   Remember how sketchy everything about that was, including the child-like perpetrator telling a judge later than he was trying to walk back his guilty plea because he was tricked into signing a confession for a crime he did not create.

Or more recently, the goofball plot to kidnap Gretchen Whitmer that involved 18 suspects, twelve of them actually working for the FBI as the plot was hatched?  And we cannot forget the January 6th. DC protest turned insurrection effort, which is clearly looking like an FBI inspired and coordinated effort.

Have we forgotten the Atlanta “Olympic Park Bombing”, and the FBI intentionally setting up transparently innocent, Richard Jewel?

Then, there’s the entirety of the FBI conduct in “Spygate”, the demonstrably evident FBI operation to conduct political surveillance against Donald Trump using their investigative authorities; and the downstream consequences of a massive institutional effort to cover up one of the biggest justice department scandals in the history of our nation.   The original effort against Donald Trump used massive resources from the DOJ and FBI.  Heck, the coverup operation using the Mueller/Weissmann special counsel used more than 50 investigative FBI agents alone.

And of course, the FBI still had 13 extra agents available to rush to a NASCAR racetrack to investigate a garage door pull-down rope that might have been perceived as a noose; but the serial rape of hundreds of teenage girls, eh, not-so-much effort – even when they are standing in front of the FBI begging for help.

[At this point, I am increasingly convinced by evidence the FBI themselves are the perpetrators involved in sex trafficking, human smuggling and abduction as part of their operational mission.]

It is important to realize what exactly happened in the case of the Olympic gymnasts and the rape of hundreds of teenage girls.  When the victims and parents told the FBI about what Larry Nassar was doing, the FBI did not bungle the investigation.  The FBI did not investigate.   But worse…. after the parents kept coming back to the FBI to ask what was going on; and report that other parents were now reporting that new rapes and assaults were ongoing; the FBI told those parents an investigation was ongoing.  Except it wasn’t. The FBI was lying.

As the FBI was telling the victims they were investigating Larry Nassar, the FBI was doing no such thing.  The FBI was lying to the victims and their families.  The FBI was not taking any action whatsoever to address the multitude of claims against Nassar.

After the FBI was caught lying about their conduct, they then lied to the internal oversight, the OIG, about everything surrounding their conduct.    The FBI didn’t make a mistake, or drop the proverbial ball, they intentionally and specifically maintained the sexual exploitation of teenage girls by doing absolutely nothing with the complaints they received.   This is not misconduct, this is purposeful.

Then, as if to apply salt to the open wound of severe FBI politicization….what did the FBI do with the Hunter Biden laptop?

[Notice I’ve set the issue of the disappearing Huma Abedin/Anthony Weiner laptop –in the known custody of the FBI– over there in the corner, next to missing investigation of the Awan brothers.]

My point is this…

What the Federal Security Service (FSB) is to the internal security of the Russian state; so too is the FBI in performing the same function for the U.S. federal government.

The FBI is a U.S. version of the Russian “State Police”; and the FBI is deployed -almost exclusively- to attack domestic enemies of those who control government; while they protect the interests of the U.S. Fourth Branch of Government.  That is the clear and accurate domestic prism to contextualize their perceived mission: “domestic violent extremists pose the greatest threat” to their objective.

Put another way, “We The People”, who fight against government abuse and usurpation, are the FBI’s actual and literal enemy.

Let me be very clear with another brutally obvious example.  Antifa could not exist as an organization; capable to organize and carry out violent attacks against their targets; without the full support of the FBI.   If the FBI wanted to arrest members of Antifa, who are actually conducting violence, they could do it easily – with little effort.

It is the absence of any action by the FBI toward Antifa, that tells us the FBI is enabling that violent extremist behavior to continue.  Once you accept that transparent point of truth; then, you realize the FBI definition of domestic violent extremism is something else entirely.

The FBI is not a law enforcement or investigative division of the U.S. Department of Justice.  The FBI is a political weapon of a larger institution that is now focused almost entirely toward  supporting a radical communist agenda to destroy civil society in the United States.

Anyone who continues to push the fraudulent “honorable FBI rank and file talking point”, is, at this point in history, willfully and purposefully operating to deceive the American people on behalf of government interests who are intent on destroying us.  It is not a difference of opinion any longer.  It is a matter of just accepting what is staring us directly in the face.  People like Sean Hannity and Dan Bongino who continue pushing a lie that FBI agents -any FBI agents- are honorable people, are -by nature of their disconnect- purposefully manipulating their audience.

Representative Jim Jordan Confronts Merrick Garland – The Great Awakening of The American People Has Begun

Posted originally on the conservative tree house on October 21, 2021 | Sundance | 281 Comments

House Judiciary Committee Ranking Member Jim Jordan delivered opening remarks before the questioning of Attorney General Merrick Garland today.  Jim Jordan notes the Biden administration’s rush to embrace the totalitarian ideals of communism has triggered a great national awakening.

Now what the administration fears, is the pushback.  The need for control is a reaction to fear.  WATCH:

U.S. Attorney General Merrick Garland Refuses DOJ Ethics Review, Claims Conflict of Interest Ethics Rules Do Not Apply to Biden Administration

Posted originally on the conservative tree house on October 21, 2021 | Sundance | 235 Comments

Representative Mike Johnson (R-LA) questioned U.S. Attorney General Merrick Garland about his clear conflict of interest today surrounding the Attorney General’s instructions for FBI agents to investigate parents who question school board curriculum.  Merrick Garland’s daughter is married to the co-founder of the Critical Race Theory educational material being purchased by the school boards. The exact CRT material being directly challenged by the parents Garland has instructed the FBI to investigate.

In a clear conflict of interest, Merrick Garland is using his office to protect the income and investments of his son-in-law’s business.  However, when questioned about this conflict today, Merrick Garland says he will refuse to accept any ethical review of his conduct.  WATCH:

BACKGROUND – U.S. Attorney General Merrick Garland recently instructed the FBI to begin investigating parents who confront school board administrators over Critical Race Theory indoctrination material. The U.S. Department of Justice issued a memorandum to the FBI instructing them to initiate investigations of any parent attending a local school board meeting who might be viewed as confrontational, intimidating or harassing.

Attorney General Merrick Garland’s daughter is Rebecca Garland. In 2018 Rebecca Garland married Xan Tanner [LINK]. Mr. Xan Tanner is the current co-founder of a controversial education service company called Panorama Education. [LINK and LINK] Panorama Education is the “social learning” resource material provider to school districts and teachers that teach Critical Race Theory.

“By asking students to reflect on their experiences of equity and inclusion in school, education leaders can gather actionable data to understand and improve the racial and cultural climate on campus.” ~ Panorama Education, Xan Tanner Co-founder

Conflict of interest much?

Yes, the Attorney General is instructing the FBI to investigate parents who might pose a financial threat to the business of his daughter’s husband.

Screen-grabs and citations below:

(New York Times LINK)

(Panorama Education Services Link)

(Panorama, Social Learning Link)

Yes, Merrick Garland’s daughter is married to the founder of the company who helps schools, teachers and staff deal with the modern challenges of “systemic racism” by “reimagining” the way to social learning “through an equity lens”. As you have seen in the linguistic judo presented by the education material providers in the past, that’s exactly what CRT education materials are about.

Last month Garland’s son-in-law raised money, at least $60 million, to expand their business operation.

September 2021 – Panorama Education, which has built out a K-12 education software platform, has raised $60 million in a Series C round of funding led by General Atlantic.

Existing backers Owl Ventures, Emerson Collective, Uncork Capital, the Chan Zuckerberg Initiative and Tao Capital Partners also participated in the financing, which brings the Boston-based company’s total raised since its 2012 inception to $105 million.

Panorama declined to reveal at what valuation the Series C was raised, nor did it provide any specific financial growth metrics. CEO and co-founder Aaron Feuer did say the company now serves 13 million students in 23,000 schools across the United States, which means that 25% of American students are enrolled in a district served by Panorama today.

Over 50 of the largest 100 school districts and state agencies in the country use its platform. In total, more than 1,500 school districts are among its customers. Clients include the New York City Department of EducationClark County School District in NevadaDallas ISD in Texas and the Hawaii Department of Education, among others.

Since March 2020, Panorama has added 700 school districts to its customer base, nearly doubling the 800 it served just 18 months prior, according to Feuer. […] Former Yale graduate students Feuer and Xan Tanner started the company in an effort to figure out the best way for schools to collect and understand feedback from their students (read more)

September 2021, Panorama Education, Xan Tanner, raised $60,000,000 to expand operations. October 4, 2021, Xan Tanner’s father-in-law, U.S. AG Merrick Garland, tells the FBI to investigate any potential parental interference/disruption that might impede his son-in-law’s business interests….

(DOJ Memo to FBI LINK)

Alarming Wage Report Not Being Discussed in Financial Media – Blue Collar Wages DECREASED in Third Quarter, While Inflation Skyrocketed

Posted originally on the conservative tree house on October 21, 2021 | Sundance | 455 Comments

The Bureau of Labor Statistics (BLS) released the third quarter review of average weekly wages [Main Data Here].  The results of the year-over-year comparison should alarm everyone.  This is a very serious data point that likely means we are in a recession, it just has not been quantified yet.

By now, everyone knows the term “stagflation”, which means a stagnant economy and large inflation (price increases), the easiest comparison is Jimmy Carter economic program in the 1970’s.  However, let me assure you what this latest BLS release foretells is not that.  This is far more serious than stagflation.  I am not an alarmist, but I am encouraging everyone to take this economic data seriously.

In this graphic I have modified the spread sheet to focus attention on the part that really matters. [Original Data Table 2 Here]  What you are seeing here is a comparison of weekly wages for the third quarter (July, Aug, Sept) of this year, compared to the weekly average wages in 2020:

Weekly wages went up a sum total of seven bucks [$7/1,000 = 0.7%] year over year.  THAT is ridiculously low.  However, worse yet look at all the categories of workers who saw an actual decline in wages.   This is not a decline in wage value, this is an actual decline in net wages earned.  WAGES HAVE DROPPED !

This is not only saying wages are failing to keep up with inflation, that part is beyond obvious, the data shows actual declines in wages for full time workers.  This is far more concerning, check that…. this is four alarm fire – running around the neighborhood naked and panicked level concerning… when you take actual declines in wages and factor in the September inflation numbers [Main Data Here].

Avg. weekly wages can drop if massive numbers of people enter the workforce in specific low paying jobs.  However, this is not that, because employment growth has been weak and minimal at best; missing all expectations to the downside.   The data on wages declining year-over-year is a genuine decrease in average wages earned.

♦ Now Factor Inflation – The inflation rate is stunning [Table 7 data Here].   Examples: Beef costs 20% more (year over year).  Bacon costs 20% more. Eggs cost 12% more. Peanut butter costs 10% more. Home heating oil costs 42% more.  Unleaded gasoline costs 43% more.  Natural gas costs 20% more.  Used cars are 24% more. The list goes on (SEE HERE).

I don’t have to tell you this, you can see it in your receipt at the grocery store and in the gas pumps at your local convenient store.  But the point is that massive inflation is eating our paychecks and the inflation is getting worse, not better.  Prices continue to skyrocket and the dollar continues to be weakened.

When you overlay the inflation, massive price increases in critical goods that middle-class Americans purchase every day; and when you overlay the massive energy cost increases and the cost of home heating oil this winter; and THEN you consider the reality that wages are actually lower than a year ago, well, it is a perfect storm.

CTH previously stated that from a macro perspective home values peaked in the last two weeks of May and first two weeks of June.   Other than institutional investors buying real estate because they need to hold a tangible asset; and some regions where home values are driven by COVID migration patterns; we do not see blue collar working class families purchasing homes, replacement vehicles or expensive durable goods.

Disposable income has been crushed in the past six months.  Now we are seeing data to quantify just how bad the issue is.   With wages declining and prices increasing, the likelihood the 3rd quarter GDP (July, Aug, Sept) will show a contraction is very high.  [Note Q3 GDP release is the first Friday in November]

This is beyond stagflation, because the economy is not only stagnant with inflation high, but also because actual weekly wages have dropped.  Overall Main Street consumer purchasing is now focused on staple goods like housing, food, fuel and energy costs.

Some have speculated that a “Great Reset” includes the collapse of the economy to such an extent that government will be the only source of financial stability.  I’m not sure if it will get to that level, but this latest BLS data release showing a contraction in wages for the blue collar bread winners is very alarming.

What is it like in your neighborhood?  What types of prices for gasoline and foodstuffs are you encountering?


Central Banks Funding COVID

Armstrong Economics Blog/Sovereign Debt Crisis Re-Posted Oct 19, 2021 by Martin Armstrong