Senator Lee: Biden has ‘no interest to turn away from causes of inflation’
Sen. Mike Lee (R-Utah) weighed in on the impact rising costs are having on American families. One America's John Hines has more from Capitol Hill.
Category: Economy
Mexican president calls for open borders and American superstate
The Mexican President INSULTS Biden And America Right To His Face
The Socialist President of Mexico Andrés Manuel López Obrador announced his intentions to try and influence upcoming US elections if he believes the rhetoric around Mexican immigrants becomes too negative.
BY CHRISTINE DOUGLASS-WILLIAMS
SEE: https://robertspencer.org/2022/06/mexican-president-calls-for-open-borders-and-american-superstate;
republished below in full unedited for informational, educational & research purposes:
The audacity of President Andrés Manuel López Obrador was implicitly encouraged by none other than Joe Biden. Already, as of April, the American Southwest border was seeing a whopping 6000-8000 illegals enter the U.S. every day, and that number was projected to double after the announcement of the end of the CDC Emergency Title 42 expulsion authority.
But then at the end of April, Federal Court Judge Robert R. Summerhays granted a temporary restraining order that was deemed “likely to prevent Biden from ending Title 42 while the case makes its way through federal court.” Nonetheless, a month later, thousands of migrants “tired of waiting” for Title 42’s end, illegally surged across the Mexican border into Texas.
Andrés Manuel López Obrador has been watching, as has every world leader. They know Biden is a walkover and a globalist. López Obrador was virtually invited by Biden to suggest a continental superstate in which only one side really benefits: Mexico. He talks about the benefits to America and Canada, but the deplorable state of Mexico and the refugee exodus speaks loud enough for itself.
The well-being of Americans is Biden’s last priority and López Obrador knows it.
“Mexican President Calls for American Superstate, Open Borders,” by Neil Munro, Breitbart, June 2, 2022:
Mexico’s president is reviving calls for a continental superstate that would combine North American employers and South American employees – and sideline tens of millions of middle-class Americans.
“I will go in July to visit [President Joe Biden] at the White House and I want to discuss with him the issue of the integration of all America,” President Andrés Manuel López Obrador said at a press conference in Mexico’s presidential palace. He continued: “My position is that, just as how the European community was created … we have to do that in America.”
However, any unification could only come after the United States and southern countries resolve their disagreements, he said: “There has to be a change in the policy, an end to confrontation, an end to hate, an end to threats, the blockades, the foreign interference, and choose brotherhood, good neighbor policies.”
The same continent-wide superstate was pushed in 2001 by President G.W. Bush and Mexico’s then-president, Vicente Fox. Their unpopular “Any Willing Worker” plan would have allowed U.S. employers to easily import low-wage employees from central and south America. It was derailed following the 9/11 attack.
The policy would spike Wall Street and Fortune 500 profits by giving them floods of cheap foreign workers plus many new foreign consumers.
López Obrador’s statement cane during a long complaint about U.S. politics, and the supposed power of the anti-Latino Cuban voters in the United States:
I have a very good relationship with President Biden, he is a good man. In this case, I feel that there are a lot of pressures on the part of the Republicans and above all from some leaders of the Republican Party and also in the Democrat Party that has to do with the Cuban community in Florida and in the United States.
…Of course, the most inhuman, anti-immigrant, authoritarian [politicians] are the Republicans. But there are also those in the Democratic Party too … [For example, Sen. Bob Menendez, D-N.J.] he is from the Cuban community — and this one has enormous influence.
But if we stay [divided] like this, depending on the decision of one gentleman, of the influence of one gentleman, of the rancors of one gentleman, and we forget our peoples, well then, we are acting in a sectarian way, trafficking the pain of the peoples. Taking advantage of, thriving, taking advantage of politically and economically
López Obrador’s push is tied to long-standing dreams by South American elites for their own southern-hemisphere superstate. The idea was pushed by Simon Bolivar (1783-1830) in the early 1800s but failed because of the distance and diversity of South America.
López Obrador continued:
Why not bring to [reality] the dream of Bolivar, including the United States and Canada? It is good for us based on our cultural relations, our friendship, but also because of economic and commercial relations. … We [
López Obrador and Biden] will talk about that. I also want to talk about Central America because it is not possible that we do not tend to the causes and [the U.S. tries] to resolve everything with coercive measures regarding immigration. And other issues that we could continue to work on together in the economic integration regarding our sovereignties, the ability to complement each other to face inflation.
“Not anymore, we will not remain silent anymore in the face of insults to immigrants and Mexicans. And I will insist on immigration reform,” he said.
He blamed the GOP — and its anti-migration wing — for the political barriers to greater unification between the United States and southern and central America:
I am talking now about the attitude of the Republican Party, who surely will drive with their spokesmen that the [this week’s] Summit [of the Americas] was a failure. Well, yes, it is possible it will be a failure, but they are the responsible ones for maintaining a policy of closure and not openness….
Transportation SHOCKWAVES reverberate as consumer demand plummets amid unyielding INFLATION
BY MIKE ADAMS
republished below in full unedited for informational, educational & research purposes:
(Natural News) With the US government releasing official inflation numbers today at the “shocking” level of 8.6% (via the CPI) — with real inflation now well over 20% — it is only the oblivious morons who were surprised. The intelligent, informed people who read independent media have known about exploding inflation for over a year. We also know something that the conventional economists pretend doesn’t exist: that money printing causes inflation.
Now, inflation is undeniable even to the deniers. Fuel price increases, for example, are now sitting at 75% year over year.
Thanks to these numbers, the markets went into a full panic today as even the low-IQ corporate media economists realized the Fed is going to aggressively hike rates in response to this inflation. (Yes, they only just now figured this out. While indy analyst Gregory Mannarino has been screaming this would happen for months…)
The next Fed meeting will likely result in a 75 basis points increase or 0.75%. This will, in turn, absolutely hammer real estate, very likely thrusting America into a bona fide real estate market collapse accompanied by plunging land prices in most areas. Similarly, the increased cost of borrowed money (stemming from raising rates) will make stock market speculation far more expensive, meaning a certain pullback in stock valuations, despite all the Fed’s money printing.
This means the stock market is headed lower, and crypto will likely follow in parallel. Bonds will absolutely crater in value as the interest they pay will seem increasingly pointless compared to real-world inflation and rising costs. If the Fed tries to stimulate its way out of this conundrum to artificially keep the markets inflated a little longer, it will only accelerate the currency devaluation and lead to even more inflation.
Know what’s not going to go down? Both energy and commodities are going to skyrocket in value. Fuel prices will continue to increase at an alarming pace, driving gas toward $10 / gallon and diesel into the $10+ range by the end of this year. Right now, a transport rig (18-wheeler) rolling down the highway consumes about $1000 / day in diesel. That will increase to $2000 / day, and as it does, you’re going to see trucking companies implode with bankruptcies and sharply reduced trucking loads.
Consumers have shifted their spending to food, fuel, and rent
Consumers are already neck-deep in credit card debt, and they’re still living on credit. Demand for consumer goods has plummeted as people are forced to use their limited financial resources to pay for food, fuel, and rent. (All three have skyrocketed under fake president Biden.) As a direct result, they are not buying nearly as much in the realm of consumer goods, appliances, home furnishings, etc.
The home purchase market has already collapsed, and the collapse will only worsen from here forward. Rising interest rates will make home loans increasingly expensive, and many people will end up homeless or living out of their vehicles or campers.
Since consumers are now prioritizing payments for food, fuel, and rent, major retailers across America (Target, Wal-Mart, Best Buy, etc.) are sitting on frightening levels of excess inventory. They’re going to start announcing liquidation sales that will present rare buying opportunities for those who have the cash and want to take advantage of the last round of “cheap stuff” any of us will see for a long while.
After the excess inventory is blown out and the domestic trucking industry has been hammered by bankruptcies, we’re going to see prices skyrocket (from the September timeframe) while domestic shipping will become very inefficient and slow. This will strongly impact food shipments, causing more food spoilage, and increasing the food waste produced by grocery stores.
Nothing about this scenario is good for America. In fact, you are witnessing the planned, engineered takedown of the US economy, all right on cue.
Get all the details in today’s powerful Situation Update podcast, which also features a rendition of the joyful song about how to save your own urine for use as garden fertilizer: “Don’t Worry, Pee Happy.”
“I’m Not Even Sure We Can Make It To November” Says Wayne Allyn Root
MUST SEE: National Talk Show Host Sir Wayne Allyn Root Joins Ben Armstrong in a discussion about the future of America.
Globalism, central bank money printing are the real root causes behind inflation and shortages
BY ETHAN HUFF
republished below in full unedited for informational, educational & research purposes:
(Natural News) In an op-ed piece for The Epoch Times, economist Patricia Adams made the case that almost every problem society currently faces is a result of globalist policies that date back decades.
Much of it centers around the fictitious notion of “climate change” – or as it used to be called, “global warming.” This is what triggered major moves away from cheap and abundant fossil fuel use, which has helped civilization as we currently know it to thrive.
Insistent that carbon dioxide (CO2), a “greening” molecule, is somehow bad for the atmosphere, the globalists have been on a crusade to eliminate it with things like electric-powered cars and soybean-based “meat.” The result is our current economic crisis.
“If not for the specter of climate change – for decades one of the globalists’ central preoccupations – the world’s energy situation would be radically different,” Adams writes.
“Canada’s tar sands wouldn’t have been demonized and the country would have built the Keystone XL Pipeline and other pipelines to transport ever greater quantities of energy across the continent and beyond.”
There also would have been liquefied natural gas facilities built along the Atlantic and Pacific coasts of Asia, the Americas, and Europe, generating a boon of “plentiful natural gas” to keep the world running cheaply and efficiently for the benefit of the most amount of people.
“‘Net Zero’ policies wouldn’t be crippling the financing of new fossil fuel facilities,” Adams adds. “Carbon taxes wouldn’t be making energy ever more expensive.”
Is it already too late for America?
Central banking is, of course, also a culprit and key player in the inflationary crisis. Its policy of endless money printing, which has been occurring under both Republicans and Democrats for many decades, is ballooning the money supply while cheapening the value of the dollar over time.
That cheapening has really picked up speed in recent months as the “everything bubble” economy expands to the point of a full-on explosion and implosion that has yet to arrive – but that is coming very soon, you can be sure.
Adams does not talk about this at all in her piece, but rather points to the overarching scourge of globalism, which governs the Federal Reserve and the money supply, as the main problem behind inflation and shortages.
“Despite the globalists’ climate change policies, carbon dioxide in the atmosphere – now at 400 parts per million – has reached record levels,” Adams explains.
“This has been a boon for the planet because CO2 – also known as nature’s fertilizer – has produced a bounty of bumper crops. Australia reports record wheat, barley, and canola crops and near-record sorghum crop. India, the world’s second-largest producer of wheat, expects record exports this year. Brazil expects record corn. Russia, with another record crop, will be the world’s largest wheat exporter.”
Had things just been left alone, free of the clutches of the globalists, there would be more than enough food for everyone at affordable prices. The free market would have done its job with the help of reasonable regulations and protections for We the People.
Unfortunately, globalism has been winning the fight against humanity, and the world so far has only gotten a small taste of the apocalyptic consequences that are soon to come once the “economic hurricane,” to quote JPMorgan CEO Jamie Dimon, hits the United States.
“How do We the People know that America hasn’t been sold to a foreign cartel by our traitorous politicians?” asked someone at the Times. “How do we know that America isn’t a satellite state of a super-government?”
Others pointed out that the country has probably already crossed the Rubicon and is
soon to collapse, no matter what is done now to try to stop that inevitable outcome.
If the contents of this story piqued your interest on these subjects, you will find more stories like it at SupplyChainWarning.com.
Sources for this article include:
First JPMorgan’s Dimon, now Goldman Sachs’ Waldron: the world is about to get hit with an economic “hurricane”
BY ETHAN HUFF
SEE: https://www.naturalnews.com/2022-06-05-jpmorgan-dimon-goldman-sachs-waldron-economic-hurricane.html;
republished below in full unedited for informational, educational & research purposes:
(Natural News) Another prominent banking executive, John Waldron of Goldman Sachs, is predicting major economic doom in the very near future.
At a recent investor meeting, Waldron echoed the sentiments of JPMorgan’s Jamie Dimon concerning what Dimon called an “economic hurricane” that is about to make landfall.
Joking that he would avoid “using any weather analogies” as Dimon did, Waldron expressed similar fear about inflation, ever-changing monetary policy, and of course, Russia’s invasion of Ukraine, the latter being every Western influencer’s favorite scapegoat for what is now unfolding.
“This is among – if not the most – complex, dynamic environments I’ve ever seen in my career,” Waldron told investors. “The confluence of the number of shocks to the system to me is unprecedented.”
One of the harshest critics of the Federal Reserve in the banking world, Waldron says he expects that there will be “tougher economic times ahead” than even the current inflation and shortage crisis that we are all seeing and feeling.
“No question we are seeing a tougher capital markets environment,” he explained.
Concerning the merger market, Waldron says he expects a slowing from the current “resilient” levels.
“That’s going to start to roll over because you see demand destruction, CEOs get a little less confident,” Waldron explained. “That’s a reasonable expectation, but we’re watching that carefully as a signal.”
From mid-October to late April, global macro data seemed to be moving in a somewhat positive direction, which some saw as a possible turnaround. All of that changed suddenly, however, when the Citi Economic Surprise Index plummeted from over 50 just a few months ago to around 8.60 as of this writing.
Is the “everything” bubble about to burst?
For most of this nation’s history under the oppressive rule of private central banking (the Fed), inflation has technically always been a problem. It is just that it remained hidden because of fancy tricks and tools that were designed to keep the masses confused and distracted while the value of the dollar eroded.
The Fed’s little schemes – which are hardly little at all – are not foolproof, though. Every so often, the bubble inflates too much and they run out of hat tricks to keep it contained, resulting in a crash. We saw this most recently at the start of the Wuhan coronavirus (COVID-19) plandemic in 2020, and before that in 2008 with the housing market collapse.
They call these “bubbles,” and at various intervals, these bubbles seem to pop, the big guys are bailed out, and reinflation begins once again. The reality, though, is that the bubbles of the past never fully deflated, and the can of inflation was simply kicked down the road even further.
Currently, we are in the largest bubble of all – the everything bubble to end all bubbles. The crash that is soon to come will be monumental, and this time there is a strong chance that it will not recover.
This time, we are likely to see that ever-ominous “Great Reset” that World Economic Forum (WEF) head Klaus Schwab and others have been warning is soon to come. The current world order, which is mostly built on fiat, will crumble away, leaving a void to be filled by a new world order.
“Western governments have been able to hide inflation, allowing them to spend vast amounts of money,” wrote someone at Zero Hedge about how the fiat printing press aims to keep the house of cards standing, at least for a time.
“Wall Street was able to generate insane amounts of profit by cutting out U.S. labor. The unraveling of all this will be quite a spectacle.”
The latest financial news can be found at DebtBomb.news.
Sources include:
Biden Begs the Saudis for Oil
Biden’s Definition of a Strong Economy
USA DOMESTIC food production now collapsing due to fertilizer costs, scarcity, diesel price inflation and food protectionism
BY MIKE ADAMS
SEE: https://www.naturalnews.com/2022-06-03-usa-domestic-food-production-now-collapsing.html;
republished below in full unedited for informational, educational & research purposes:
(Natural News) When the USA and NATO countries engaged in economic warfare against Russia by de-platforming Russian banks from the SWIFT system in March, it set off a chain reaction of world events that will lead to global famine and food scarcity panic. Fertilizers and the natural gas used to manufacture fertilizer are now in short supply around the world. Many prominent food producers such as India have turned to export bans (food protectionism) to secure their own domestic supplies, worsening global food scarcity. Rising fuel costs have only added to the problems, resulting in far higher costs of farm inputs across the world.
But now America’s domestic food production is collapsing as well — and seemingly for the same reasons. Sky-high fertilizer costs, fertilizer scarcity, insanely elevated diesel fuel prices, and supply chain problems affecting agriculture equipment are all contributing to an alarming trend across America: More and more farmers are simply not planting crops.
There’s no economic reason to do so. Rising fertilizer prices make the crops a money loser from day one. Even if a farmer invests in the fertilizer, his ability to harvest and transport the resulting crops out of his own fields is increasingly questionable. Worsening the situation, drought conditions are so bad that rice farmers in California, for example, are being told by the water control authorities there that they will only be allowed 0.4-acre feet of water per acre. You can’t grow rice in less than five inches of water for the entire season.
So they’re not planting most of the rice. Only 70,000 acres are getting planted out of 450,000 acres that could be used. Worsening the shortage, California has decided to divert water into the Pacific Ocean for environmental reasons, rather than let rice farmers use the water to grow food. From that story:
“In April 2022, the water districts serving Colusa County were given their final allocation for the 2022 growing season – 0.4-acre-feet per acre,” Colusa County officials said in a statement. “This allocation is not enough to support rice production, and estimates show that the Sacramento Valley will fallow 370,000 of 450,000 acres
in the Sacramento River Settlement Contractors service area, primarily in Colusa and Glenn Counties. Currently, less than 7,000 acres are estimated to be planted in Colusa County, resulting in a direct financial loss to growers in excess of $270 million.”
As described by an editor at USSANews.com, this policy is truly insane:
As a former rice farmer in northern California, I can testify to the stupidity and insanity of environmentalists who favor obscure fish over humans. Water to farmers is now below growing levels and will cause devastation to the 2022 rice industry, taking down farmers as well as all related industries. The fact that the world is facing a major food shortage means nothing to these environmental zealots.
When Californians have no rice on their food shelves later this year, will they realize their own malicious left-wing politicians deliberately created the food scarcity emergency?
India to halt rice exports while other nations halt exports of wheat
India is also reportedly moving to halt its own rice imports, reports Bloomberg.com, unleashing a “devastating” food scarcity scenario with worldwide implications. According to Bloomberg, India accounts for 40% of the global rice trade. From that story:
Rice may be India’s next food protectionism target after it restricted wheat and sugar exports, analysts say, a move that could have a devastating impact on global food security as it’s an important staple.
India’s curbs on wheat and sugar exports sent shock waves through global markets as it marked an escalation in food protectionism that’s seen countries choke off flows of locally-grown supplies to the world. A similar move on rice by the No. 1 exporter at a time when crops like wheat and corn are soaring would threaten to plunge millions more into hunger and boost inflation risks.
According to the India Times, Hungary has banned wheat exports, and nations like Argentina, Bulgaria, and Turkey are working toward outright bans of crop exports in order to meet their domestic needs.
All across the world, crop yields are collapsing and food supplies are dwindling. International trade is being strangled and domestic supplies are becoming more scarce and far more expensive.
It’s all deliberate, driven by destructive USA / NATO policies that strive for famine and collapse
Nearly all the problems with food scarcity and food inflation are driven entirely by malicious policy decisions stemming from the arrogant USA and oblivious NATO nation “leaders” who have lost all ability to recognize economic principles (or who actually want mass starvation and depopulation).
Together, the USA and NATO nations de-platformed Russia from trading in crops, fertilizer, and natural gas, setting off this chain reaction of scarcity and unprecedented price increases for farm inputs, setting into motion a global starvation scenario that will worsen for years to come. Even if Russia were suddenly re-platformed back into the SWIFT system tomorrow, the damage to the food supply for 2022 – 2023 has already been done.
Mass starvation will burn through the world’s developing nations for the next two years, and even in first-world nations, working-class citizens will find themselves spending higher and higher portions of their incomes on basic food supplies.
This will, of course, lead to food riots. It’s all by design. The idea is to cause mass chaos and martial law in America before the mid-term elections. In order to achieve that, the corrupt, illegitimate Biden regime had to whip up war with Russia, unleash economic protectionism across the globe, shut down fertilizer shipments in the USA, drastically raise fuel prices by shutting down pipelines, and engineer a food scarcity emergency by making sure the USDA keeps paying farmers to destroy crops and destroy tractors (in exchange for USDA payouts, of course).
Food industry transport workers are sitting on their hands in Florida
Yesterday a source informed me that food industry transport workers in Florida who would normally be working 16-hour days right now — transporting tomatoes, peppers, melons, fruit, and other crops out of Florida — are sitting on their hands with zero work. There are virtually no crops to transport in this particular area of Florida where 10,000+ acre farms are common. The fields weren’t planted, and there are no crops to harvest.
These crops normally supply restaurants and grocery stores across the entire Eastern half of the United States. Now, they have nothing, and the farmers have no reason to even plant anything until fertilizer and diesel prices come down.
Official crop yield statistics haven’t yet caught up to this reality, but once Florida reports its crop yields for June, the numbers are going to be catastrophic.
The oblivious masses of America will see grocery shelves going increasingly bare beginning in August, then accelerating through the end of the year. Long before the mid-terms, many American families will be in a panic over food and fuel prices. Yet the worst is still to come because 2023 will be disastrous as food and fuel become increasingly scarce and expensive.
We will see food riots in America before the end of this year, and we will almost certainly see serious food rationing in 2023, possibly followed by “food passport” rationing cards or other schemes designed to limit how much food the public is allowed to buy.
“Joe Biden’s national weight loss plan” is about to become a reality as Americans face real famine and civil unrest. This is what happens when you allow Democrats to steal elections and place incompetent criminals in power. When the traitor Mike Pence refused to do his job on January 6 — and the FBI ran another false flag insurrection op — this is what you get: A nation being dismantled as an act of economic warfare carried out against the people of America by radical left-wing Marxists like Obama and corrupt criminal families like the Bidens and the Clintons.
Get the full details on all this and much more — including Russia’s upcoming retaliation against America’s cyber attacks — in today’s Situation Update podcast:
Treasury Secretary Admits She Was ‘Wrong’ About High Prices
Get Ready for $1 Per Egg: USDA Forecast Predicts Highest Food Inflation Since 1980
BY STACEY LENNOX
republished below in full unedited for informational, educational & research purposes:
The topic of inflation is in the news nearly every day and is now the top concern among voters in most polls. Things are likely to get even worse.
Most Americans are familiar with the all-items Consumer Price Index (CPI). This metric is based on changes for all consumer goods and services. However, the U.S. Department of Agriculture (USDA) Economic Research Service measures the changes to retail food prices only. The agency’s May Food Price Outlook should add to voter concerns.
While the all-items CPI for April was 8.3%, food alone increased by 9.4%, according to the USDA. Food consumed at home also increased more than the price of food away from home. Grocery store and supermarket purchases rose 10.8% year over year in April. The USDA’s forecast for May predicts the cost of food will increase again and significantly by fall.
All of the crises the Biden administration created are converging and could cause food insecurity for the first time in the living memories of many Americans. Biden’s “Not in My Backyard” energy policy halted domestic fossil fuel production while he still begs some of the worst regimes in the world to drill more oil. That leads to higher fuel costs with or without Russian President Vladimir Putin’s invasion of Ukraine. And higher fuel costs impact farm operations and all forms of transportation.
Putin’s adventurism has caused fertilizer prices to skyrocket. Nearly all of the input costs of growing and harvesting the food and then getting it to the shelf in your store are rising the same way the price at the gas pump is.
Issues beyond the control of the administration are compounding the problems it has caused. For example, a highly pathogenic avian flu has affected approximately 38 million chickens. The price of eggs increased 10.3% in April. The UDSA predicts an increase between 19.5% and 20.5% year over year in 2022. That could mean $1.00 an egg. Poultry prices will rise as much as 9.5%.
Related: Update on Food Plants Blowing Up: More Explosions, More Stress on Domestic Food Supply
Fish and seafood are rising rapidly too. The prices in April were 11.9% over the same month in April of 2021. Dairy consumption is up, and prices followed the trend with a 2.4% increase in April alone. Predictions for both categories were revised upward to 7-8% for 2022. Other proteins are getting more expensive too:
Prices for other meats had the largest increase within the “meats” category—2.2 percent—in April 2022. In 2022, pork prices are predicted to increase between 6.0 and 7.0 percent and other meat prices are predicted to increase between 9.0 and 10.0 percent. The aggregate categories of meats, poultry, and fish are predicted to increase between 7.0 and 8.0 percent, and meats are predicted to increase between 6.5 and 7.5 percent in 2022.
The USDA report goes on to provide predicted 2022 price increases for several prepared and commodity food categories:
Following large price increases in January–April 2022, forecast ranges for fats and oils, fresh fruits, cereal and bakery products, nonalcoholic beverages, and other foods have been adjusted upward. In 2022 compared with 2021, fats and oil prices are predicted to increase between 10.0 and 11.0 percent in 2022; fresh fruit prices between 8.5 and 9.5 percent; cereal and bakery product prices between 7.0 and 8.0 percent; nonalcoholic beverage prices between 7.0 and 8.0 percent; and other food prices between 7.5 and 8.5 percent.
All of the predictions in the May report from the USDA are subject to upward revision. The current projections are the highest increases since the last year of the Carter administration. In 1980, the price of food increased by 8.59%. Since then, 2.95% is the average annual inflation for food. This year we see a similar rise for some types of food in a single month.
Perhaps that is why the Biden administration is desperately trying to deflect from the economy to other issues heading into the 2020 midterms. President Jimmy Carter only won five states as the incumbent who had presided over runaway inflation. Polls indicate President Biden’s unpopularity will significantly affect down-ballot races in the midterms. Comments like this from Biden do not help. He added food prices at the end of his remarks on fuel:
BIDEN: "The idea we're gonna be able to, you know, click a switch, bring down the cost of gasoline is not likely in the near term." pic.twitter.com/lXNtUZzzbs
— RNC Research (@RNCResearch) June 1, 2022
Americans are also not buying the Biden administration narrative that the price increases are Vladimir Putin’s fault. According to a new poll from the Convention of States Action in partnership with the Trafalgar Group, 60% of likely 2022 election voters believe President Biden’s policies and spending are the primary reason for rising inflation. This result includes 87.9% of Republican voters and 61.1% of independent voters.
These voters will be reminded of the rising costs and increasing shortages every time they go shopping. A significant majority also knows whom they blame for the problem. “Despite being told every day that Putin is responsible for virtually anything they’re not happy with–from inflation to baby formula to gas prices–a sizable majority of voters clearly believe it is President Biden and the Democrats, and not Moscow, who is responsible,” said Mark Meckler, president of Convention of States Action. “The failure of Biden’s Administration to take simple, common-sense steps to bring Americans relief is both cruel and indefensible.”
The USDA’s monthly report indicates it may feel more cruel and indefensible before voters cast their ballots in November.
With Inflation at Historic Highs, Biden Stoops to New Low in Blame Game
BY MATT MARGOLIS
republished below in full unedited for informational, educational & research purposes:
Polls show that inflation has become the top issue for Americans, and as it hit historic highs, it’s been absolutely killing approval ratings for Joe Biden and the Democratic Party. In response, Biden has blamed COVID-19, Putin, Republicans, big oil — pretty much anyone whose name he can remember will get blamed for the 40-year-high inflation we’re experiencing.
However, Biden’s blame-everyone-else strategy hit a new low this week; The Washington Post reports that Biden is now blaming White House aides for the nation’s inflation woes.
“Biden has privately grumbled to top White House officials over the administration’s handling of inflation, expressing frustration over the past several months that aides were not doing enough to confront the problem directly,” the Post reported.
According to the report, Biden recently “complained to aides that they were not doing a good job explaining the causes of inflation and what the administration is doing about it.” A White House spokesman declined to say what exactly Biden told his aides to do about inflation — probably because he doesn’t have a clue what that would be.
Related: Biden Wants You to Know the Economy Is Super and if You Don’t Agree You’re a Moron
“Well, look, I think I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t — at the time didn’t fully understand,” Yellen told CNN. “But we recognize that now.”
In other words, Yellen admits she and Biden were wrong. Yet Biden has been blaming everyone but himself for the problem.
Somehow, that doesn’t inspire much confidence in the Biden administration.
GET READY: JPMorgan CEO Jamie Dimon says “economic hurricane” is about to make landfall across America
BY ETHAN HUFF
SEE: https://www.naturalnews.com/2022-06-02-jpmorgan-dimon-economic-hurricane-landfall-america.html;
republished below in full unedited for informational, educational & research purposes:
(Natural News) The head of one of America’s largest and most influential financial institutions is warning that things are about to get really ugly, economically speaking.
Jamie Dimon, the CEO of JPMorgan, just told a room full of analysts and investors that an “economic hurricane” is barreling straight towards the United States, and that his company is “bracing” for impact.
So-called “quantitative easing,” or QT, which is scheduled to begin this month, will ramp up to $95 billion a month in reduced bond holdings. There is also the ongoing war in Ukraine, which continues to drive up commodity prices.
Oil, Dimon warns, could hit $150 or even $175 a barrel. And food, as many of us well know, is becoming increasingly more expensive with each passing day.
“You’d better brace yourself,” Dimon warned his audience. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.”
“You know, I said there are storm clouds but I’m going to change it … it’s a hurricane,” he added, noting that while conditions might seem “fine” to some, there is no knowing for sure whether the coming hurricane is “a minor one or Superstorm Sandy.”
Central banks can no longer contain the runaway train
The end of the Federal Reserve’s cheap money era, as CNBC calls it, is rapidly coming to an end. This, among other factors, is said to be driving down stock prices in the tech sector.
Inflation is also hitting multi-decade highs, and this is on top of supply chain failures that really picked up during the Wuhan coronavirus (Covid-19) plandemic.
It is believed by many that the economy is now entering a recession – or perhaps a depression – of epic proportions. The writing is clearly on the wall flashing collapse in huge letters, in other words, and Dimon is speaking up about it.
“Right now, it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle this,” Dimon explained. “That hurricane is right out there, down the road, coming our way.”
“We’ve never had QT like this, so you’re looking at something you could be writing history books on for 50 years,” he added, noting that several aspects of the Fed’s quantitative easing programs have clearly “backfired,” one of them being negative interest rates, which he called a “huge mistake.”
At the same time, Dimon says that central banks “don’t have a choice because there’s too much liquidity in the system.”
“They have to remove some of the liquidity to stop the speculation, reduce home prices and stuff like that.” (Related: Remember early last year when the Federal Reserve’s entire payment system crashed due to an “operational error?”)
The war in Ukraine is only exacerbating a problem that has been stewing for years, but it could be the straw that finally breaks the camel’s back – and more than likely this is all by design as part of the controlled demolition of the old world order, which is necessary in order to usher in a new world order.
“Wars go bad,” Dimon said. “[They] go south in unintended consequences. We’re not taking the proper actions to protect Europe from what’s going to happen to oil in the short run.”
Last week during an investor conference, Dimon said the “storm clouds” could be dissipating. A week later, his whole tune changed to indicate that he was wrong: the storm clouds appear to be bigger, darker, and more ominous than most people are prepared to encounter once they finally arrive.
One thing JPMorgan is doing to try to batten down the hatches is to move its clients from a lower-quality deposits called “non-operating deposits” to money markets, as one example. Will it be enough, is the question?
As the economic hurricane arrives, we will keep you informed about the latest at
Sources for this article include:
Iran seizes two Greek OIL tankers in Persian Gulf
BY CHRISTINE DOUGLASS-WILLIAMS
SEE: https://robertspencer.org/2022/05/iran-seizes-two-greek-tankers-in-persian-gulf;
republished below in full unedited for informational, educational & research purposes:
The grave threat of Iran is compounded by its Doomsday theology, which asserts that at the end of days, the Hidden Imam will appear in the midst of a violent apocalyptic scenario — likely provoked by Iran itself — and played out on a battleground stained with the blood of infidels.
Iran is becoming increasingly emboldened, thanks to the Biden administration’s obvious weakness. Iran’s paramilitary Islamic Revolutionary Guards Corps seized two Greek oil tankers in the Persian Gulf “in helicopter-launched raids in the Persian Gulf….The action appeared to be retaliation for Athens’ assistance in the U.S. seizure of crude oil from an Iranian-flagged tanker this week in the Mediterranean Sea over violating Washington’s crushing sanctions on the Islamic Republic.”
Iran will continue to escalate as a global menace, while America under Biden will increasingly become a global laughing stock.
Meanwhile, a website in Iran has asserted that Iran really sees no need for a nuclear agreement at all. That would be a great gift to the embattled West, as the last nuke deal was long shown up to be based on lies, by Iran’s own admission, and in this round, Biden gave over negotiation of the new deal to Russia, which cashed in on a $10 billion contract. According to an Iranian journalist:
Islamic Republic hardliners have concluded that by exporting close to one million barrels of oil per day at prices above $100 a barrel, Iran can generate enough income equal to a full export volume, without a need to agree to the revival of the Joint Comprehensive Plan of Actions, JCPOA.
Greece’s Foreign Ministry called Iran’s actions in the Persian Gulf “piracy,” and they represent much worse to come, unless Iran is stopped. Recently the Biden administration began in desperation to seek closer ties with Greece to contain Turkey. In early March, as the world focused intensely on Ukraine, Turkey violated Greek airspace with F-16 aircraft. Turkey has been challenging Greece’s sovereignty for some time, bullying Greece with provocative statements and threats of war.
With a weak America, it’s time for Islamic supremacists to act with impunity.
“Iran seizes 2 Greek tankers in Persian Gulf as tensions rise,” by Jon Gambrell & Nicholas Paphitis, Associated Press, May 27, 2022:
DUBAI, United Arab Emirates (AP) — Iran’s paramilitary Revolutionary Guard seized two Greek oil tankers Friday in helicopter-launched raids in the Persian Gulf, officials said. The action appeared to be retaliation for Athens’ assistance in the U.S. seizure of crude oil from an Iranian-flagged tanker this week in the Mediterranean Sea over violating Washington’s crushing sanctions on the Islamic Republic….
The Guard issued a statement announcing the seizures, accusing the tankers of unspecified violations. Nour News, a website close to Iran’s Supreme National Security Council, warned a short time earlier that Tehran planned to take “punitive action” over Greece assisting the U.S. in seizing oil days earlier from the Iranian-flagged tanker Lana….
An Iranian helicopter landed on the Greek-flagged Delta Poseidon in international waters, some 22 nautical miles off the coast of Iran, the ministry said.
“Armed men then took the crew captive,” it said, adding that two Greek nationals were among the crew.
“A similar incident has been reported on another Greek-flagged vessel, that was carrying seven Greek citizens, close to the coast of Iran,” the ministry said….
Brighteon: Who’s REALLY Responsible For Inflation & Food Crisis? (Hint: It’s Us)
The conventional wisdom in the western press is that inflation and the food crisis are caused by Russia, specifically Russia’s blockade of Ukrainian ports. But the truth is quite different and involves choices made by NATO and Ukraine, even if the corporate media in the United States will never tell you that.
Jimmy and his panel of The Dive’s Jackson Hinkle and American comedian Kurt Metzger discuss the REAL reasons for the food crisis and rising prices – or at least one of the big ones.
Biden energy secretary tells Americans to ‘drive on sunshine’ instead of buying gas
Our Economic Misery Isn’t an Accident, It’s the Plan
The Left doesn’t want you to be able to drive, buy a home, or enjoy a burger.
BY DANIEL GREENFIELD
republished below in full unedited for informational, educational & research purposes:
Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is an investigative journalist and writer focusing on the radical Left and Islamic terrorism.
Americans can’t afford to buy a used car or even gas because the Left doesn’t want them to drive. They can’t buy homes because the Left wants to destroy the suburbs and force everyone to live in megacities. They have trouble buying meat because the Left wants them to eat soy.
The same is true for the whole exercise in planned economic misery that we’re experiencing.
Take Hoover's "A chicken in every pot and a car in every garage" and reverse it. That's the goal. What we’re living through is not an unintentional accident: it’s the American Holodomor.
The Left doesn’t want you to be able to drive, buy a home, or enjoy a burger.
Naive Republicans will say that, “Biden is not paying enough attention to the border” or “Biden is not paying enough attention to inflation”.
That’s like saying Jack the Ripper wasn’t paying enough attention to cutting up prostitutes.
2 million illegal aliens are expected to invade America because the Biden administration is paying a whole lot of attention to keeping the border open. That’s why it’s busy fighting in court to dump Title 42 so that every illegal alien who crosses the border will be sure to come here.
When an administration makes increasing the flow of illegal aliens a core legal priority for the DOJ, that means it’s paying a whole lot of attention to it. Much like Jack paid a lot of attention to ladies of the evening. The Biden administration doesn’t believe that there should be a border.
That’s why the border is open wider than Biden’s brain on a Tuesday night.
There are predictions that gas will hit $6 a gallon nationwide by the summer because the Biden administration has worked hard to raise energy prices and create artificial shortages. Biden’s people just got through once again sabotaging oil and gas leases because they want higher energy prices. $6 a gallon is not the result of political inattentiveness, that is the plan.
Inflation isn’t an unintentional accident either. The Left spends like drunken sailors to feed its agenda, but also because spending is an innate good in the Cloward-Piven sense. Devalue money and you wipe out the middle class. Then you can reboot the economy on new terms.
Biden wasted trillions of dollars and is busy blaming “corporate greed” for high prices.
Meanwhile, inflation is doing what it’s meant to do, wiping out savings, and triggering retaliatory interest rate hikes to “cool down” the economy. The middle class ends up poorer and more vulnerable, government dependency rises and social mobility falls. Socialism starts looking better every day. That’s how it worked in the twentieth century and still works today.
All of this is terrible for Biden’s poll numbers, but that’s only a problem for Hunter Biden and whatever Chinese, Ukrainian or American oligarchs are paying his crack bills this week..
Picking a dementia patient for the presidency was always a suicide mission. Republicans are somewhat right in that Biden really isn’t paying attention to the economy or much of anything else. On a good day he can mumble his way through a teleprompter and then go back down to the basement for some ice cream. It’s the radical leftists around him who call the shots.
Putting Senator Elizabeth Warren in the White House would have led to the same programs, but the blame would have been directed at the Left. This way, the Left gets its agendas through while the blame falls on the most out-of-it leader of a major world power since King George III.
The Left is wearing Biden like a skin suit and will casually discard him when it’s done. That’s why the media is suddenly interested in that “Russian disinformation” about Hunter’s laptop.
Biden was dumb enough to think he had finally made it, when he was just the Left’s fall guy.
And while he may be incapable of paying attention to anything, his administration is cheering every price increase. The worse life gets for us, the closer the Left gets to its core agendas.
High gas prices aren’t “Putin’s price hike”, but they’re not even “Biden’s price hike”, they’re the “Left’s price hike”. Car and gas prices are meant to squeeze Americans out of car ownership. It’s such an unsubtle ploy that administration members will actually boast about it. And then they’ll urge Americans to buy $60,000 electric cars that they know people can’t afford.
The utterly blatant goal is to eliminate millions of cars by making it too expensive to drive.
And Democrats are working on this on multiple ends, from environmental and safety regulations, to raising gas prices, to artificial car shortages. Even those who can afford an electric car or get a government subsidized one will be kept off the road by high power rates.
Home prices? The Left has spent generations trying to kill the suburbs and the housing market. Much as it’s worked very hard to wipe out private sector medicine by using the stresses of the system against it. Making the private market for a good or service completely inaccessible for the vast majority of people paves the way for nationalizing it. The Left does not want people living in smaller communities. It has plainly said that everyone should have to live in cities.
Taking out the home and car markets are both means of limiting mobility and forcibly concentrating populations in dense urban clusters under their panopticons. These are the same strategies used by the Soviet Union and Communist China. And have the same intended end.
Food prices? The Left has been equally adamant that ordinary people must stop eating meat. Replacing traditional staples like bread and meat, milk and eggs, is another agenda item and was once again pursued through a combination of regulations, environmental, safety and animal rights measures, and more artificial shortages that are meant to transform the American diet.
You won’t be able to eat, drive or have a home to live in… and you will be told to be happy.
Or else.
This is not a conspiracy theory. The only assumption being made here is that the Left is achieving its stated goals as the result of a plan rather than a series of accidental coincidences.
Too many Republicans are failing to hold the Left accountable by refusing to state what is going on. Hanlon’s Razor, “never attribute to malice that which is adequately explained by stupidity” is fine when it’s not being applied to an ideology that is achieving its objectives through its actions.
That’s not a conspiracy theory, it’s policy.
Pasting Biden’s “I Did It” stickers on gas pumps is fine, but he’s completely expendable.
If Americans don’t understand that our misery isn’t an accident or incompetence, but part of a plan then the downward cycle will continue to play out with increasingly worse outcomes.
Until the Left finally gets what it wants. And then the rest of us won’t have anything left.
Mike Adams Lays Out the Next Phase of Global Collapse and New Lockdowns
Red Alert: UN and WEF Trigger Worldwide Collapse Of Food Supplies
Monkeypox just the latest engineered distraction as controlled demolition of human civilization accelerates
Monkeypox, a Misdirection Play: Dr. Malone Provides Insight to the Latest Developments
Monkeypox, a Misdirection Play: Dr. Malone Provides Insight to the Latest Developments
Bannon: "What is Monkeypox?"
Dr. Malone: "Misdirection play."
"... they already have stockpiled vaccines for smallpox. What they bought is more smallpox vaccines... The name of the product is called JYNNEOS... It is marketed by Bavarian Nordic in you all you have to do is search for package insert JYNNEOS and you'll pull up the package insert for the product and they will find that this is absolutely not a benign product just as with the old Dr. X product, which is somewhat safer than that I had experienced with that and this product when I was working for DOD. This has as one of the leading rare serious adverse events. Wait for it. cardiotoxicity myocarditis."
Economic Collapse is a Real Threat, Monkeypox is Not
Ed Dowd gives a warning of economic collapse and I cover information that exposes the Monkeypox scam. Don't let the media, which lies about everything, win this information battle.
Video Sources:
1) Ed Dowd thinks they will try to do another shutdown to interpose the next election.
https://rumble.com/v15khwn-ed-dowd-the-four-converging-forces-that-will-destroy-the-economy.html
2) Ed Dowd and Steve Bannon talk about The Four Converging Forces That Will Destroy the Economy
https://rumble.com/v15khwn-ed-dowd-the-four-converging-forces-that-will-destroy-the-economy.html
3) Info wars on the truth about Monkeypox
https://archives.infowars.com/watch/?video=62881e725ee58b13dbc7daf7
BY MIKE ADAMS
republished below in full unedited for informational, educational & research purposes:
(Natural News) Monkeypox, a very mild contagious disease that deserves no panic whatsoever, is reportedly spreading across the world among attendees of a gay pride gathering of 80,000 people in Gran Canaria.
As The Sun (UK) reports, “The Canaria Pride festival, held in the town of Maspalomas between May 5 and 15, has become a hotspot for the monkeypox outbreak, reports El País.”
It turns out that engaging in gay sex activities with thousands of strangers spreads disease. (Who knew?) Even the WHO now says monkeypox is spreading mainly through sexual contact among gay men.
Note that there isn’t a single corporate media outlet in the world that will admit such a fact. They cover up the filthy sexual habits and pretend that anal intercourse among multiple sex partners is perfectly normal, perhaps even preferred.
“Many known patients are gay men who were tested after going to STI clinics, the WHO said. Health chiefs warned gay and bisexual men to be on the lookout for new unexplained rashes,” adds The Sun. “Cases have now been detected in Israel, Norway, Australia, Portugal, Spain, Belgium, Germany, France, Netherlands, Sweden, Switzerland, the United States, and Canada.”
But monkeypox presents virtually zero risk to the world. The media hysteria surrounding the topic is just the latest effort to try to spread fear and panic in order to push — you guessed it — the inevitable monkeypox vaccine that will be forced onto everyone if they can conjure up enough panic.
Anyone dumb enough to fall for this latest “outbreak” hysteria is dumber than a monkey, of course. Among primates on planet Earth, human beings are the only species dumb enough to poison their food supply with pesticides, mass murder their own offspring with widespread abortions, and inject themselves with genetically altering experimental “vaccines” that cause infertility and death. Even rats aren’t stupid enough to engage in those practices… it takes an obedient human progressive to be that stupid.
Only 10 weeks of wheat supply left in the world
As Insider.com reports, a food expert named Sara Menker, testifying before the United Nations, warned that there are only 10 weeks of wheat supply remaining in the world. Importantly, she also recognizes that it’s not merely “Putin’s fault.” From that story:
Sara Menker, the CEO of agriculture analytics firm Gro Intelligence, told the UN Security Council that the Russia-Ukraine war was not the cause of a food security crisis but “simply added fuel to a fire that was long burning.”
“It is important to note that the lowest grain inventory levels the world has ever seen are now occurring while access to fertilizers is highly constrained,” she said. “And drought in wheat-growing regions around the world is the most extreme it’s been in over 20 years. Similar inventory concerns also apply to corn and other grains.”
So what happens after the “wheat wars” hit a critical point of collapse? Food riots, of course. Upheaval, civil unrest, and revolution around the world. The lack of affordable food will push every nation across the world toward the boiling point. Some of those nations will see violent revolts. Others will see their governments fall (as is happening right now in Sri Lanka).
Understand that the oblivious masses still have no clue the food supply is collapsing. They think that grocery stores in November and December will be fully stocked. Oblivious Europeans think heating energy will be widely available, too. (They are wrong.) The expectations of supply currently held by the oblivious masses are catastrophically inaccurate and subject to radical, painful corrections as reality kicks in.
The situation isn’t going to be pretty.
Listen to more details on all this — including my “Shock the Monkey Pox” song intro — in today’s Situation Update podcast:
Brighteon.com/6b8e4e30-f2bf-4de6-855f-0642d27f4f35
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Berlin Airlift in Reverse: U.S. Flying Baby Formula From Germany~”GERMAN FORMULA EXPRESS” COMPANY TAKING RETAIL ORDERS
Berlin Airlift 1948-1949 - COLD WAR DOCUMENTARY
Our series on the history of the Cold War period continues with a documentary on the Berlin airlift - the operation conducted by the Western powers in order to supply Berlin, which was under the Soviet Blockade.
GERMAN FORMULA EXPRESS TAKING ORDERS:
BY RICK MORAN
republished below in full unedited for informational, educational & research purposes:
In June 1948, the Soviet Union blockaded the partitioned city of Berlin, hoping to force the recently victorious allies to leave.
It didn’t work. “Operation VITTLES,” a military airlift of hundreds of tons of food, medicine, and other supplies, kept the Soviets from their goal. For more than a year, hundreds of planes flew in supplies to the isolated city until they finally relented.
Related: Biden’s ‘Operation Fly Formula’ an Unnecessary PR Stunt
There’s some irony in the news today about U.S. military planes flying baby formula from Germany to Indiana. Only this time, the threat isn’t from a foreign power. The threat is from the criminal incompetence of the Biden administration, which ignored the baby formula crisis for months until the media began to report on it.
More than 130 pallets filled with formula departed for Indianapolis on a C-17 aircraft a little after 5 a.m. Germany time as part of Operation Fly Formula. Each pallet of Nestle Health Science Alfamino Infant and Alfamino Junior formula held over 430 of the 14.1-ounce containers of formula, labels on the packaging showed.
Another 114 pallets of Gerber Good Start Extensive HA formula are expected to arrive soon, the White House said in a statement Thursday, adding that the equivalent of up to 1.5 million 8-ounce bottles of the three formulas will be delivered.
The crisis began in early February when the FDA discovered a rare kind of bacteria that may have contaminated some formula that ended up sickening four infants. It was never established that the bacteria came from the Abbott Nutrition plant in Sturgis, Mich. But there were some other problems with sanitation at the plant, and it was shuttered.
From February on, the clock was ticking on this crisis. And the Biden administration was asleep at the wheel.
All of the measures taken by the White House to deal with this crisis, including the president invoking the Defense Production Act and this latest public relations stunt to deliver a few dozen pallets of formula to America, won’t adequately address the immediate crisis.
Simply put, the Biden administration was caught flat-footed and wasn’t ready.
There aren’t any fundamental problems with producing baby formula. How do we know? Europeans, Japanese, and Australians are producing it just fine. There’s only a baby-formula shortage in the United States, and it’s because the United States government has adopted policies that allowed what should have been a relatively minor market disruption to turn into a widespread, prolonged shortage.
Instead of allowing parents to buy foreign formula as they would buy any other good, the Biden administration is making a big show of airlifting it here with specially contracted flights. The United States of America should not be dependent on airlifts for an adequate supply of baby formula. As Eric Boehm pointed out for Reason, if foreign brands of baby formula are safe to be airlifted now, they should be available for purchase all the time. It’s clear that the 98-percent-domestic baby-formula market leaves Americans vulnerable to supply shocks that the rest of the world doesn’t face.
No “supply bottlenecks” or “disruptions” caused this crisis. The shortage isn’t the fault of the pandemic wreaking havoc on the supply chains.
The administration didn’t start addressing this crisis until earlier this month despite having a lead time of at least 2.5 months. But the media continues to run interference for the doddering old fool in the White House because they’d rather assist in Biden’s lies than do anything to make the president’s political problems worse.
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SEE ALSO: https://www.westernjournal.com/ap-berlin-airlift-remembered-key-moment-in-cold-war/
GERMAN BABY FORMULA AVAILABLE HERE: https://germanformulaexpress.com/
BIDEN DESPERATELY HAS GERMANY AIRLIFT BABY FORMULA TO THE UNITED STATES
Joe Biden Is the Equivalent of 9/11 for the American Economy
BY ROBERT SPENCER
republished below in full unedited for informational, educational & research purposes:
Joe Biden’s tumultuous year and a half of pretending to be president has seen the fall and rise of many things in the United States: gas prices, of course, are rising through the roof, along with prices on pretty much everything else. But for the stock market, it’s a different story altogether. Yahoo Finance reported Friday that U.S. stocks have just endured their longest losing streak since 2001; in other words, Joe Biden’s presidency has had an effect on the U.S. economy that is equivalent to 9/11.
This is not in any way to diminish the untold suffering that resulted from the attacks. Nearly 3,000 people were brutally murdered. There is no equivalent for that and no mitigation of its horror. The analogy between then and now is not in that but in the fact that the economy is suffering to a degree that we have not seen since the immediate aftermath of that terrible day.
According to Yahoo Finance, the major stock indexes were “heading for steep weekly losses as concerns over the resilience of corporate profits in the face of inflation resurged this week.” Luckily, Old Joe’s Commie pals threw us a lifeline: “the S&P 500 traded lower, erasing earlier gains after China’s central bank unexpectedly cut a benchmark interest rate to offer some relief to borrowers in the country still grappling with a widespread COVID-19 outbreak.”
Nonetheless, “the index dropped more than 1.5%, bringing it on an intraday basis lower by more than 20% from its recent record close from Jan. 3. If the losses hold through market close, the S&P 500 will have entered a bear market.” Well, of course, we will. That is as certain as Joe’s next teleprompter gaffe.
Meanwhile, the news from the other indexes was no better: “the Dow shed more than 400 points or 1.4%, and the Nasdaq dropped more than 2% during intraday trading. Treasury yields sank, with the yield on the benchmark 10-year note sinking to just above 2.8%, and U.S. crude oil prices edged up to more than $112 per barrel.” And this has been going on for a while: “the losses Friday for the major U.S. stock indexes extended a slide seen earlier this week. As of Thursday’s close, the S&P 500 was on track for a weekly loss of 5.4% — its biggest since January. And the index was also on track to post a seventh straight weekly loss or its longest losing streak since 2001. The Dow and Nasdaq paced toward weekly losses of 5% and 6.2%, respectively.”
The longest losing streak since 2001. What happened in 2001 that made stocks take a nosedive? According to CNN Money, that fateful year “began with a bang. The Nasdaq surged a record 14.17 percent on the second trading day of 2001 after the Federal Reserve surprised investors with a half-percentage point rate cut. That was the first of 11 attempts by central bankers to revive consumer and business spending. Stocks continued to rise in January only to tumble by April. They gained sharply through May before gradually declining through summer.”
But then came 9/11, and suddenly the economic picture was drastically different: “the Dow industrials fell more than 1,300 points in the first week after the markets reopened following the terror attacks, its worst week since the Great Depression. By Sept. 21, the major indexes had fallen to three-year lows. But less than 10 weeks later, the major indexes erased their post-Sept. 11 losses, vindicating investors who called for patriotic buying after the attack.”
Related: Key Bond Market Recession Indicator Flashing Red
Will the American economy similarly rebound now? It could, but there is no chance of such a recovery while Joe Biden and his henchmen have their knees on our collective economic windpipe. It is the Biden administration’s profligate spending, an uncontrolled increase of the money supply, and relentless commitment to green fantasies and socialist internationalism that have gotten us in this fix, and there is no end in sight.
Could the stock market recover? Sure, if Biden suddenly became an America-First president and focused on relieving the plight of the American people rather than the Ukrainian people and if he abandoned his schemes to destroy the economy chasing more green delusions and worked to restore the energy independence the nation had achieved during the Trump administration. But that’s about as likely as Old Joe reading a message off his teleprompter without saying something silly and/or incoherent.
The next milestone will be when the stock downturn becomes the worst since the Great Depression. Watch for that one soon. And then what will we see in America? Breadlines? Hoovervilles? Food riots? In Joe Biden’s America, during the presidency that Nancy Pelosi gushed was “perfect,” all this and more is in the offing. Old Joe Biden’s presidency will long be remembered for its many milestones, and wrecking the strongest economy on the planet will stand as one of the foremost.
After sending America’s baby formula supply to the southern border and creating a shortage, Biden invokes communist takeover of food supply
BY ETHAN HUFF
SEE: https://www.naturalnews.com/2022-05-19-baby-formula-southern-border-biden-food-takeover.html;
republished below in full unedited for informational, educational & research purposes:
(Natural News) In response to the baby formula shortage that his regime created, Joe Biden has now invoked the Defense Production Act to nationalize America’s food supply and squarely place it under the control of his handlers.
Suppliers will now be required to direct their ingredients to “key manufacturers,” which will be tasked with boosting domestic production of baby formula (or so we are told).
“The Defense Production Act gives the president broad authority to require companies to prioritize the manufacture and allocation of goods in response to a crisis,” reports CNBC. “The law was passed in 1950 during the Korean War.”
Biden has also ordered both the Department of Health and Human Services (HHS) and the Department of Agriculture (USDA) to use aircraft from the Department of Defense (DoD) to airdrop formula from overseas into the United States.
As we reported, grocery store and drug store shelves have been running dry amid an ongoing baby formula shortage that was engineered by the powers that be.
On top of an Abbott Nutrition plant shutdown in Michigan, the Biden regime has been sending all of America’s baby formula stocks to the southern border so they can be handed out to illegal alien “migrants.”
Many Americans have consequently been prevented from purchasing baby formula for their own families, which the Biden regime is now addressing by invoking a communist takeover of the country’s food supply.
Congress calls for FDA to be given more money amid baby formula crisis
The situation with Abbott is moving through the courts with an agreement recently forged between the company and the Food and Drug Administration (FDA) to reopen the plant under certain federal conditions.
According to reports, those conditions include Abbott hiring independent “experts” to ensure the plant meets all of the FDA’s demands, which the media is calling “food safety standards.”
If given approval, Abbott would be able to reopen the plant within two weeks, followed by an additional eight-week delay for products to arrive at stores across the country.
“The U.S. produces 98% of the baby formula American parents buy. Four manufacturers – Abbott, Mead Johnson Nutrition, Nestle USA and Perrigo – dominate the market,” CNBC reports.
“When one plant goes offline, the supply chain is easily disrupted.”
Foreign baby formula is beginning to appear as the FDA is allowing non-American companies to file applications for acceptance into the country. The FDA gets to decide which ones are “safe” and, boom, those are the ones appearing on store shelves.
Some members of Congress are upset about this new little scheme, claiming that the FDA does not have enough inspectors to ensure imported formula is safe. In other words, the FDA “needs” more money.
Rep. Rosa DeLauro (D-Ct.), chair of the House Appropriations Committee, just introduced new legislation that would furnish the FDA with an additional $28 million in “emergency funding” to beef up inspections of foreign baby formula.
DeLauro insists that this large cash infusion is needed to “monitor the supply chain and root out fraud,” according to CNBC‘s assessment of her intent.
“Most formulas on the market I wouldn’t even touch with a 10-foot pole,” wrote a reader at Natural News about how baby formula should be a nursing mother’s last option when there are no others.
“They are actually toxic to infants and do not promote health.”
“Are we so ignorant in this day and age that we have forgotten about goat’s milk?” asked another, noting that goat’s milk is naturally homogenized and much easier for babies to digest than cow’s milk.
More of the latest news about the ongoing collapse and takeover of the food supply by deep state criminals can be found at FoodCollapse.com.
Sources for this article include:
Economic Fascism and Biden’s Use of the Defense Production Act
TWO RELATED ARTICLES HAVE BEEN CENSORED, BUT YOU CAN READ THEM HERE:
Biden SEIZES control over domestic food materials using Korean War-era emergency powers
https://www.naturalnews.com/2022-05-19-biden-seizes-control-over-domestic-food-materials.html
Economic Fascism and Biden's Use of the Defense Production Act
https://thenewamerican.com/economic-fascism-and-bidens-use-of-the-defense-production-act/
FLORIDA GOP Rep. Kat Cammack rages at huge stockpile of baby formula at border center
Baby Formula Shortage in the US Despite Warehouses in the Southern Border Full
SEE THE FULL STORY HERE:
EXCERPTS:
GOP Rep. Kat Cammack reveals a video of a huge stockpile of baby formula at border center after being slammed by the White House for sharing a photo of supplies being given to migrants while Americans struggle to feed their children
- Rep. Kat Cammack took a trip to the southern border on Sunday and revealed more stockpiles of infant formula, diapers, wipes, and clothing
- She claims there were several warehouses filled with supplies for migrants
- Cammack says more supplies are headed to the border despite the nationwide shortage that has left American families struggling to find formula
- The congresswoman was accused of lying about the stockpile last week
- She hit back at her critics Monday night, sharing footage from the facility and branding members of the Biden Administration as liars
- Meanwhile, Abbott Laboratories has reached a consent decree with the FDA, which is an important step towards reopening its Sturgis, Michigan plant
- The company says it could reopen in as few as two weeks after it gets approval from the courts, which must now approve the consent decree
- However, the FDA has yet to give them the authority to resume operations