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Monday, April 15, 2024
PETER ST ONGE: On the ground, that means 7% mortgages and 24% credit card rates are here to stay, along with a frozen housing market and millennials splitting Ramen with roommates instead of getting married.
Inflation Comes in Hot. Once again.
— Peter St Onge, Ph.D. (@profstonge) April 15, 2024
That makes 5 months straight of rising inflation. Which is very bad news for Biden.
At this rate the Fed can't cut at all this year -- in fact, the next move could be hikes. Which would hit banks -- and Biden -- once again. pic.twitter.com/JNVU4xaMWU
If you're still waiting for that transitory inflation to end, it could be a while. Fresh CPI numbers just came out, and they were hot once again. As Bloomberg puts it, "Obviously this is very bad news for Joe Biden, since we are starting to get into election territory."
First the numbers. March CPI was 4.6% annualized while core CPI, which excludes food and gas, came in at 4.4% annualized. The fed's latest darling statistics, so-called super core CPI, which takes housing out of the core, turned in a horrifying 8% annualized. This marks the 5th month of rising inflation, starting back in those sweet days of October back when CPI was just 0.9% annualized, a simpler time after which they flipped to marching up month after bitter month even as the FED bragged about its progress. This latest number was important because it probably closed the Fed's last hope for a rate cut this year since at some point they can't cut anymore because it would be blatant election interference. So obvious even the FED wouldn't dare, at least it never has. In fact, Fed guru, Larry Summers, thinks the Fed's next move could be rate hikes, so soft landing canceled. On the ground, that means 7% mortgages and 24% credit card rates are here to stay, along with a frozen housing market and millennials splitting Ramen with roommates instead of getting married. The big guys on Wall Street still have plenty of money, of course; do not worry about them. They've salted it away at 3% during the pandemic or they're still tapping into trillions of cash sloshing around because Wall Street is paid by the Fed to park it there. As for the broader economy, higher rates mean more bleeding out as the productive economy and native workers continue being gutted, leaving deficit spending and illegals to carry the headline spending and the headline job numbers that keep the illusion going even as the real economy transforms to government spending, government workers, and government welfare checks. As for the rest of the world, a Fed locked into high rates puts pressure on every country in the world, since higher U.S. rates drain potentially trillions out of their local confetti and into the U.S. Indeed within minutes of this CPI number, the yen plunged to nearly 153; the Euro lost a full penny, and China certainly dusting off the devaluation playbook, given it will be their last chance if Trump wins. Now if China does devalue, it puts Chinese dumping on turbo, targeting what's left of American manufacturing.
At the beginning of the year just for short months ago, traders on Wall Street were predicting up to seven rate cuts this year. In a glorious pirouette of that fabled soft landing, instead, we are now starting down the barrel of no rate cuts at all. In fact, we've even got rate hikes on the table and the reason is simple: the FED did not fix inflation, they didn't make a dent in federal spending; it just continued; in fact, it accelerated. Essentially, the FED took supply chain unwinds and post-lockdown reopening as a magic bullet for the easy out, and they abandoned the field hoping for the best. So far this has played out exactly how it did last time the FED abandoned the job when oil fell in the 70s they got a second win for inflation that last time. Anyway, turned out to be almost impossible to kill
The point is to actively suicide American and eventually Western industry while enabling their Chinese competitors to move the West into a broken, consumption-only economy that's dependent on PRC and Indian (BRICS)
In this case, that capture is run through the "Stakeholder Capitalism" or "Inclusive Capitalism" or "Sustainable Development" model coordinated by the UN and WEF and facilitated through financial firms like BlackRock, Vanguard, and State Street, plus proxy advisory firms like ISS and Glass Lewis. These effectively create a corporate cartel (Soviet) environment that's playing Hunger Games with Western industries while passing the economic superpower torch to the CCP and BRICS alliance.
The point is to actively suicide American and eventually Western industry while enabling their Chinese competitors to move the West into a broken, consumption-only economy that's dependent on PRC and Indian (BRICS) production under their broadly corporate-socialist model. --James Lindsay
It's important to understand what's going on at Boeing, which is why I controversially brought it up on Rogan. America and the West are being deindustrialized (Degrowth) to increase our dependency on the CCP-controlled PRofChina.
— James Lindsay, full varsity (@ConceptualJames) April 15, 2024
This includes using DEI and ESG requirements to… pic.twitter.com/rFCUnTDlH7
It's important to understand what's going on at Boeing, which is why I controversially brought it up on Rogan. America and the West are being deindustrialized (Degrowth) to increase our dependency on the CCP-controlled PR of China.
This includes using DEI and ESG requirements to misdirect corporate priorities and resources (see Boeing's latest SEC filing, e.g.) to "suicide" (action verb) corporations while establishing a tyrannical regime over them similar to regulatory capture. In this case, that capture is run through the "Stakeholder Capitalism" or "Inclusive Capitalism" or "Sustainable Development" model coordinated by the UN and WEF and facilitated through financial firms like BlackRock, Vanguard, and State Street, plus proxy advisory firms like ISS and Glass Lewis. These effectively create a corporate cartel (Soviet) environment that's playing Hunger Games with Western industries while passing the economic superpower torch to the CCP and BRICS alliance. The point is to actively suicide American and eventually Western industry while enabling their Chinese competitors to move the West into a broken, consumption-only economy that's dependent on PRC and Indian (BRICS) production under their broadly corporate-socialist model. In this case, Boeing is being squeezed. Airbus will be too, eventually. Their Chinese military-owned competitor, COMAC, is being positioned and encouraged to rise as a "dark horse" while the 737, 777, and 787 are targeted with a heavy narrative operation built around a manufactured truth about problems in their production and safety. The COMAC C919 is a direct B737 competitor on the rise, and the COMAC C929 is the B777/787 competitor on its way. Here, former Congressman John Kucinich (D-OH) explains the de-industrialization and thus increasing dependency of American production and manufacturing (Degrowth) and gives as a specific example how Boeing lobbied his office to decrease restrictions on PRC trade so that Boeing could more easily enter into the lucrative Chinese market. The CCP's price of admission was sharing various aircraft prototypes, all of which would have been in advance of the development of their COMAC knockoff C919 aircraft line. This isn't just a "James Lindsay was right" moment. It's very serious on multiple levels, including finding out what defense-contracted information Boeing utilized to buy access to the huge cartel (CCP)–controlled PRofChina market. Serious questions have to be asked by serious people, like Congressional oversight committees, under oath. What prototypes were offered, if any? What role has hitting ESG and DEI targets played in misplacing resources and misdirecting priorities so that Boeing is now in this truly vulnerable position at exactly the moment its PRC knockoff competitor emerges onto the world market? What incentives and disincentives did Boeing face (including corrupt executive compensation packages, as reported in their previous SEC filings) to implement ESG and DEI requirements both in its own company and in its supply chain (Spirit Aerosystems, particularly)? How do these incentive structures appear in other American corporations and industries, and what impacts are they having? These questions must be asked. This is serious. It's not just bad business at a big company. It's the controlled demolition of the West and of America. Where these moves have been intentionally orchestrated or facilitated by American officials, this may well be treason. The fate of our country is directly tied to these questions. I hope we're ready to start taking them seriously.Sunday, April 14, 2024
ED ASNER: Controlled demolitions cannot be engineered and rigged in a day. It takes months. And therefore this event must have been planned in advance
[RG911Team] The best starting point to understanding 9/11 is our mini-documentary, “Solving the Mystery of Building 7”, uploaded below. It’s great to share with people have no idea what really happened that day.
— Richard Gage, AIA, Architect (@RichardGage_911) April 14, 2024
When did you first hear about WTC Building 7? pic.twitter.com/AnNForGZzl
LATYPOVA: Further, I believe 48 states, maybe all 50 by now, have quarantine camp laws on the books, the laws by which your government can declare you a potential carrier of deadly pathogen, fake PCR you, fake PCR your sewage water, . . .
Escaping NY does not save you. On the books in ~48 states https://t.co/IhzvJExoeF
— Sense Receptor (@SenseReceptor) April 14, 2024
MIC MEOW, we have legislation that has already been put in place to accept this Treaty, like they don't need 2/3 of the legislation, they don't need 2/3 of the Senate to concur for the World Health Organization Treaty. Are you familiar with that, can you talk a little bit about that?
LATYPOVA, 00:27. Yeah, I've been following the topic and I've met with several people who are working on this, so I'm not a super expert in this, but the basic idea is that the World Health Organization is doing another deception. They split it off into 2 tracks: one is the Treaty, and the other is an amendment to International Health Regulations, IHR. So the treaty is the publicly paraded document, saying, "Oh, you know, all the countries will sign in, then you have to have ratification." But the actual implementation mechanism is the amendment to the International Health Regulation, which is considered an administrative process, it doesn't require ratification; it doesn't even require a vote. It's an opt-in, opt-out. If you haven't explicitly opted out, you are considered to have accepted these and this is an administrative thing. BTW, so, I forget what the dates are but after it goes into effect the date then they negotiated them, these amendments, and they go into effect, there's like 18 months period after which everybody considered, every country has signed up. The thing is the U.S. has already signed up; even before 2020, we already have signed up to the same Amendments. So we already signed up to be subservient to the W.H.O.'s health regulations and that was discovered by several states', including Oklahoma's, attorney generals who sued HHS at the beginning 2020 because of HHS's definition of the pandemic, which there is no definition. It's pandemic by fiat. It's what HHS secretary says. If he says it's a pandemic, then it's a pandemic. And they sued. I think it was five or six attorney generals, and then HHS said why are you following . . . ? Basically the lawsuit was complaining that you're following W.H.O. proclaimed whatever, "rules," I'm paraphrasing here. And HHS said, "No, no, no, we're not subservient to the W.H.O., but then explaining how they are determining the pandemic and determining all these actions, they've written out basically following what HHS, what W.H.O. says. So through this process, the states already discovered that the U.S. is subservient to that Treaty. And also they discovered that they don't have sovereignty on this issue or at least the federal government does not believe that the states have any say in this process which is not true. States have their rights to declare all of this nonsense, as I said, nullify this. But what's interesting when that lawsuit was dismissed, the attorney generals did not appeal. So that's left hanging. That tells us they gave up. I don't know, maybe they're going to try some other way, but at that point they gave up and they said, "Well, okay." So we already have signed up to those regulations. All of this treaty stuff is just a show, parade, but we already have those laws on the books. And also I have described to you this EUA nonsense. That's exactly the playbook of W.H.O. Further, I believe 48 states, maybe all 50 by now, have quarantine camp laws on the books, the laws by which your government can declare you a potential carrier of deadly pathogen, fake PCR you, fake PCR your sewage water, fake PCR your background and find a potential pandemic pathogen of animals or plants in your backyard, take away your property, throw you into a quarantine camp, or imprison you in your home, or imprison you in a hospital; give you no rights whatsoever, deprive you of any due process. That's already on the books in all 50 states, including Florida, a big freedom state where Ron DeSantis had numerous occasions to veto it and didn't.