In May, Russia blocked attempts by the UN and US to pass further sanctions on North Korea. In July, North Korea stated that they officially recognized the People’s Republic of Donetsk and the People’s Republic of Luhansk as Russian territories. Russia has responded favorably to North Korea’s vocal support.
“Highly qualified, hardworking, and ready to work in the most difficult conditions, [North] Korean builders will be an asset in the serious task of restoring social, infrastructure and industrial facilities [in the Donbas] destroyed by the retreating Ukrainian forces,” Russia’s ambassador to North Korea, Alexander Matsegora, said.
North Korea is a nuclear power with a military state. The tyrannical government indoctrinates children from a young age to hate the West. Kim Jong-Un can send cheap laborers to Russia at a moment’s notice, and he is certainly desperate for allies. This may entice China to step up its efforts as they have a monopoly on trade with their neighboring country and are increasingly growing frustrated with America after Pelosi’s visit to Taiwan. As the cycle of war turns up, new players are joining the fight.
Posted originally on the conservative tree house on August 9, 2022 | Sundance
Nigel Farage gives a great interview on Steve Bannon’s War Room with his opinion of the FBI raid on the home of President Donald Trump. Within the interview Mr. Farage outlines the shock that also shook the people in the U.K who see, many for the first time, that U.S. justice institutions really are politicalized.
One of the key takeaways from Europe is the realization that a Deep State really does exist in the United States of America. {Direct Rumble Link} WATCH:
Posted originally on the conservative tree house on August 9, 2022 | Sundance
The previous first quarter productivity drop of 7.4% was the largest quarterly drop in 74 years. Today the Bureau of Labor Statistics (BLS) reports the second quarter productivity dropped another 4.6% [Data Here].
For July, companies are paying 5.7% higher wages and getting a 4.6% drop in output, resulting in a total unit labor cost increase of 10.8%. That increase in final output cost will either result in higher prices or lower profits.
With weak consumer purchasing (low demand) already creating an inventory surplus, hence lower outputs, lower profit leads to cutbacks. The largest company expenses are generally labor and energy costs. The more variable and controllable of those two expenses is labor. You know what comes next.
(WSJ) – […] Rising productivity is the key to improving living standards; it allows companies to raise wages without raising prices and fueling inflation. Instead, businesses appear to be paying workers more to produce less. The higher unit labor costs suggest companies will either endure lower profits or pass on higher costs to consumers.
“The trend in productivity growth has worsened compared to prior to the pandemic, and the surge in unit labor costs makes the Fed’s challenge of getting inflation back down to its 2% target all the more challenging,” Wells Fargo economist Sarah House said in a research note.
The central bank has increased rates four times this year from near zero in March in an effort to raise borrowing costs, slow economic growth and bring inflation down.
The consecutive negative productivity readings are a reversal from earlier in the pandemic, when the economy was expanding rapidly and businesses appeared to be adopting new technology to cope with worker shortages and limits to face-to-face contact. (read more)
Meanwhile, “U.S. manufacturing output in June was down by 0.4% compared with March though it was still up by 3.6% compared with the same month a year earlier, estimates prepared by the Federal Reserve Board found. Three-month output growth was the weakest since early 2021, and confirms slackening momentum evident in other data on output, orders and jobs.” (Reuters)
This month’s inflation report (reflecting changes in July) will show a large decline in overall inflation. This will provide the White House with a false narrative of confidence that inflation has peaked. However, food inflation (farm prices not yet realized) will combine with wage inflation (as noted above) sometime around October, and then we enter another round of rising prices.
The prices for durable goods have likely peaked. If you are in the market for an expense item (appliance, furniture, etc) look for significant incentives to trigger in Sept/October; right around the same time when the layoffs start. So, sit tight for a few more weeks.
However, the prices for highly consumable products will present a false plateau (Aug/Sept) until they go bananas again just before the Thanksgiving holiday season.
The people of Panama have been protesting the obscene cost of living for weeks. President Laurentino Cortizo has promised to lower the cost of basic necessities such as food and energy, but the people are not satisfied. Teachers began protesting in July and went on an initialthree-day strike. This act of defiance inspired other groups who also took to the streets to call for price reductions.
Inflation in Panama sits at 4.2% as of May, while the unemployment rate hovered around 10%. Fuel costs have soared nearly 50% since January of this year. The issue here is that despite the country’s economy growing, the benefits have not been passed on to the people in any way. Many highly-skilled professionals, such as doctors, left the country long ago for countries where they’re paid competitively and access to medical care has become increasingly difficult.
Protestors blocked the Pan-American highway, which is the main route for most of Panama’s food. Even the Catholic Church stepped in during June to mediate the battle between the people and government. The first round of discussions mediated by the Catholic Church resulted in the government freezing the cost of 72 products. Additionally, the government will now allocate 6% of GDP to education by 2024. The Inter-American Highway, connecting Panama to the rest of Central America, was cleared but the supply constraints and resulted in significant losses.
Panama’s economy grew 17.8% in 2021, and 13.6% in Q1 of 2022. There is no reason for Panamanians’ quality of life to decrease when their economy is in a surplus. The protests will continue as the people have realized that their corrupt government does in fact work for them
American household has reached a new high, according to a report by the Federal Reserve Bank of New York. Total household debt has surpassed $16 trillion for the first time in American history. Americans have taken on $2 trillion in additional debt since the pandemic. Aggregate household debt balances rose by $312 billion in Q2 2022 alone, marking a 2% increase from Q1.
Mortgages were the largest contributing factor to the post-pandemic uptick after rising by $207 billion to $11.39 trillion. Americans have been relying more on credit to make purchases amid inflation, and credit card balances have spiked by $46 billion last quarter. Non-housing balances saw the largest uptick since 2016 after increasing by $103 billion. Auto loans saw a $33 billion rise as the cost of autos remained at a high.
Delinquency on debt “increased modestly” in all categories. Around 95,000 people faced bankruptcy in Q2 2022, which is still near historic lows. Of the $758 billion in new mortgage debt accumulated in the last quarter, 65% is held by people with credit scores over 760. Outstanding student loan debt reached $1.59 trillion last quarter, 5% of which was delinquent.
People may be able to pay off their debt now, but as inflation and interest rates rise, that will become increasingly difficult. While mortgage debt is no cause for concern, the over-reliance on credit purchases will not help Americans lower debt. Inflation must come down for the people to maintain their quality of life.
Dr. Anthony Fauci is relentless. Biden told us the fable of the winter of death and destruction last year. Now Fauci is warning that people are “going to get into trouble” if they’re not vaccinated and boosted by the fall and winter months.
After hearing of the countless side effects and realizing the vaccination does not prevent infection or transmission, most Americans do not want a booster. The Kaiser Family Foundation found that 70% of Americans, 228 million people, are currently not up to date on their vaccinations. Only 48.4% of Americans (children over five included) opted for a booster shot.
Fauci claims people should do it for their “community.” Why? I could have Moderna, Pfizer, J&J, and the rest injected into me, and it still would not prevent me from being prone to transmitting the virus. Fauci himself caught COVID, and even Biden continued to work and failed to isolate after testing positive for the virus. Fauci’s fears are falling on deaf ears as people are becoming aware of the truth – the vaccines do not work.
To my total shock, I know a family that fled Poland to flee from Russia and went to Canada. They then fled Canada because of all the insanity of Trudeau and refused to return. Since their visa for America is expiring, they said to me that they may now go to Russia. I was completely stunned. They said Western culture is pushing them to return from pronouns to canceling anyone who has ever said anything, even 25 years ago, and the total craziness in politics. What they once fled from is still far better than what is taking place here.
Every person I know here in America who fled from Russia when the USSR collapsed says the same thing. What they fled from is now here. Putin has come out and warned that wokeness is what destroyed Russia. His popularity in Russia is double that of Biden because he has turned Russia back to traditional values. Using the wrong pronoun is now offensive. I remember going to the Latin Casino in Cherry Hill, New Jersey, and seeing Don Rickels live in the ’70s. There was not a single race or ethnic group he did not make a joke about. There was a time when we once could laugh at ourselves. Those days are gone.
There is a cycle to everything. The culture shift in Russia is actually hopeful that we too will shed these restrictions of wokeness, and I will not be offended if you say, “Hey, you!” Civilization is when everyone comes together for mutual benefit. Wokeness is all about division. When you ask an American what are you, they will typically respond half-German and half-Irish or whatever their mix. That illustrates that America was the melting pot where everyone merged into one, whereas you do not see that in Europe except on rare occasions. This is what is being torn apart by wokeness, and we will see oppression and civil unrest that could lead even to civil war because of it.
When I was growing up there was just straight, gay, and bi-sexual. Today, I am told there are 70 distinctions. I have absolutely no idea anymore but it no longer makes one look upon everyone as equal. You suddenly have to stay to yourself and be afraid to address someone for being accused of racism or sexism or whatever new term they manufacture. We once were all Americans. I hired Robert Howe who was probably the first black analyst because he was qualified. Today, you get inquires from the state demanding to know how many minorities and women you have on your staff. We have every race and gender on our staff, as well as religion. Perhaps I am old fashion, but I never hire people because of quotas.
It’s not a question of patriotism, and it is not wrong for that family to suddenly say they are moving back to Russia all because of the political propaganda. The traditional values that once kept American culture as the beacon of light in a dark world have been overthrown. The public forum, where the people once discussed differences and enacted their laws as well as elected their representatives, has been enclosed by fences at times to protect it from the people, and the chamber that shined for the world as an example of freedom has been reduced to one of hatred and has been exploited by foreign agendas seeing a Great Reset. The public and private institutions that were founded for eternity lie naked and broken by partisan politics indistinguishable from the ruins of ancient Greece. Those stupendous relics of the past are all that has survived the injuries of time and the folly of men.
Today is a sad statement of our times. Our leaders not only preach war, but they also seek to divide our nation by turning brother against brother until our civilization exists no more. The Democrats have exploited every distinction to separate and divide us while seeking 5 years imprisonment for those who only entered the capitol and took a selfie all to paint their opposition with hatred.
The possession of wealth today only stimulates the hatred of others and any traditional rigid virtue of centuries now offends and warrants censure. The irregularities of voting are swept aside and those who seek to investigate are targeted as conspiracy theorists. Anyone who objects is always insured the aversion of those in power who search for any excuse to imprison them until death for their part.
Suspicion has merely become the equivalent of proof and any trial is mere pretense to condemnation. They seek the execution of Donald Trump and paint 50% of the people are worthless scum unworthy of a seat in their hallow hall of dictatorial wokeness power. Once they have tasted supreme power, they have become incapable of pity or remorse no less respect for human rights of liberty, and justice for all. Those words have become just propaganda as their meaning has crumbled to dust on the foundation that was once the bedrock of the American dream. Our highest standard of living has been pushed aside as racist or some other terminology crafted with an endless redefinition of the English language.
As I have been stating at conferences, Schwab will fail in his quest to seize control of the world with his unoriginal theories. The very cornerstone of civilization of bringing people together because it is mutually beneficial to all has been broken. The temple of freedom and dignity has fallen. These power-hungry people are separating and dividing us as they turn even families against one another. They vary from the above but can see no differently than Karl Marx who thought he could redesign society. The rise and fall of political states, Schwab believes, can be prevented if the people surrender everything that makes life worthwhile. Schwab and his co-conspiractor at the World Economic Forum seek to turn our corporations into fascist limbs of the state all preaching Schwab’s stakeholder economics and suppressing human rights for at the heart of all of this, there is no divine right because there is nothing divine about them. The future is only theirs to shape – no one else’s.
The world so many rebuilt post-WWII is collapsing — deliberately. It must always appear darkest before a storm and the new light of day that will arrive. We cannot save the institutions of today. We must plan for what comes after this house-cleaning we must go through. Academics such as Klaus Schwab have always presented the greatest threat to societies. Just as Putin said Lenin was just a Bolshevik and not a statesman, someone in the future will remember Klaus Schwab with the same dismissive comments. Posterity will remember his name as it remembers Marx, Hitler, and Stalin. Napoleon sought to conquer Europe, but he had no designs to change human nature.
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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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