(1) When they say inflation will "spike" or increase this year, and then "come back down next year", what they are saying is the price will skyrocket.... AND THEN the price will remain high.
EX. A lemon goes from $0.49 to $0.99 today. And next year remains $0.99 !
(2) Inflation is a measure of the change in a price.
Inflation is usually presented in terms of percentage of change. Currently inflation is running in excess of 10% this year, on an annual basis (annualized). Meaning prices (on aggregate) are 10% more than last year.
(3) The rate of inflation for fuel, unleaded regular gasoline, is up 60% on an annualized basis.
When the WH and FED say inflation will "level off" next year, they are saying the price next year will remain at least 60% more than last year, and will increase *more slowly*.
(4) Saying "inflation is transitional", or "inflation will come back down", is a misnomer intended to lull you to sleep and accept what Barack Obama said years ago: "under my policies prices will necessarily skyrocket".
(5) Why such a massive one-year spike, and then a leveling off with prices remaining high?
The answer is not difficult; however, the financial media have a vested interest in you not understanding.
(6) For the entirety of President Trump's term in office his economic policies were intentionally lowering prices.
For four years we were in a deflationary, or static place with consumer prices. [I'll explain in a minute]
(7) Four years of static pricing and dropping pricing that was specifically due to America-First economic policy.
Now... RIGHT NOW.... in one year, with the America-First agenda being destroyed, we are getting FOUR years of inflation compacted into one year.
(8) Right after the election the Fed knew what the reversal of Trump's trade and economic policies would do. That's why they said they would "accept inflation" in 2021.
(9) That’s Fed admission is because – while they will not say it openly, they know there’s no way to stop it.
Massive inflation is a direct result of the multinational agenda of the Biden administration; it’s a feature not a flaw, and it has nothing whatsoever to do with COVID.
(10) Keep in mind the first group to admit what is to come were the banks, specifically Bank of America, because the Fed monetary policy is part of the cause.
There is a doubling inflationary impact from the Fed pumping money.
(11) Notice how Bank of America says "for up to four years" of large inflation. Why *four years*?
That's because BoA knows four years of Trump policy deflation preceded the current state of Obama/Biden "re-inflation". Four years = Presidential term.
(12) If Biden policy to reverse Trump was executed at the same rollout scale of Trump's economic policy, it would take four years of rising prices. But Biden is reversing Trump policy in year one. Hence all the re-inflation comes in year one.
(13) You might remember, when Trump initiated tariffs against China (steel, alum, & more), Southeast Asia (product specific), Europe (steel, alum, & direct products), Canada (steel, alum, lumber, dairy), the financial pundits screamed that consumer prices were going to skyrocket.
(14) They didn’t. Consumer prices did not increase.
Trump knew they wouldn’t because essentially those trading partners responded in the exact same way the U.S. did decades ago when the import/export dynamic was reversed.
(15) Trump’s massive, and in some instances targeted, import tariffs against China, SE Asia, Canada and the EU not only did not increase prices, the prices of the goods in the U.S. actually dropped.
It sounds counter-intuitive, until you understand what happened. 👇
(16) To retain their position, China and the EU responded to U.S. tariffs by devaluing their currency as an offset to higher export prices. It started with China, because their economy is so dependent on exports to the U.S.
(17) China first started subsidizing the targeted sectors hit by Trump's tariffs. The CCP government of Beijing gave industries free electricity, gas, eliminated taxes due, etc etc. To help offset U.S. import tariffs.
They lowered the price of goods being exported.
(18) Then China went further. Beijing (total communist control over their banking system) devalued their currency to boost their avoidance of U.S. tariffs.
However, the currency devaluation had an unusual effect.
(19) The cost of all Chinese imports dropped, not just on the tariff goods. Imported stuff from China dropped in price at the same time the U.S. dollar was strong. This meant it took less dollars to import the same amount of Chinese goods; and those goods were at a lower price.
(2 0) Yes, the Beijing subsidies and currency devaluation worked in the way it dropped prices of Chinese goods and offset U.S. tariffs.
However, as a result, we were importing deflation…. the exact opposite of what the financial pundits claimed would happen.
(21) Trump's overall "trade war" with China meant the Chinese were lowering prices in the battle, and as a consequence U.S. importers had lower prices.
These lower prices were passed on to U.S. consumers. Stuff from China was cheaper. ie. "deflation"
(22) However, as the Chinese economy was under pressure, they stopped purchasing industrial products from the EU, that slowed the EU economy.
Germany, France and the EU were furious....
(23) President Trump didn't care...
(24) In response to a lessening of overall economic activity, a *pissed off* EU then followed the same approach as China.
[Remember, the EU was already facing pressure from the exit of the U.K. from the EU system. BREXIT !!]
(25) The EU didn't like Trump putting steel & aluminum tariffs on them, then walking away from the Paris treaty, then dismissing the Transatlantic trade deal (TTIP), and now creating a massive North American economic engine with Mexico via the USMCA.
(26) So the EU decided to take the same approach as China and fight back. The EU central banks started pumping money into their economy and offsetting with subsidies. Yes, they essentially devalued the euro.
(27) The outcome for U.S. importers from the EU was same as the outcome for U.S-China importers. We began importing deflation from the EU side.
A strong dollar, lower Euro value; that means cheaper goods from the EU, and ultimately more deflation.
They really hated orange man.
(28) In the middle of this there was a downside for U.S. exporters. With China and the EU devaluing their currency, and with a very strong domestic U.S. economy, the value of the dollar increased.
(29) This made purchases from the U.S. more expensive. U.S. multinational companies who relied on exports (lots of agricultural industries and raw materials) took a hit from higher export prices.
Trump would need to help farmers, specifically those dependent on exports....👇
(30) However,... and this part is really interesting,... it only made those multinationals more dependent on domestic U.S. sales for income. With less being exported, there was more product available in the U.S for domestic purchase.
(31) With more product remaining in the U.S. what happened? Yup, you guessed it.... this dynamic led to another predictable outcome, even lower prices for U.S. consumers.
Lots of happy middle-class Americans. Orange man notsobad for them.
(32) From 2017 through early 2020 U.S. consumer prices were dropping. We were in a rare place where deflation was happening. Combine lower prices with higher wages, and you can easily see the strength within the U.S. economy.
(33) For the rest of the world this seemed unfair, and indeed they cried foul – especially Canada.
Canada was apoplectic. Tariffs on their lumber, dairy, Steel and aluminum, and then Trump shut down the NAFTA loophole they were using. Trudeau furious... sent Freeland to fight.
(34) However, this was "America First" in action.
Middle-class Americans were benefiting from Trump's reversal of 40 years of economic policies like those that created the rust belt. Democrats knew they had a big problem. Trump's economic agenda was working.
(35) NOW.... REVERSE THIS… and you understand where we are with inflation.
JoeBama economic policies are exactly the reverse. The monetary policy that pumps money into into the U.S. economy via COVID bailouts and ever-increasing federal spending drops the value of the dollar.
(36) With the FED pumping money into the U.S. system, the dollar value plummets. At the same time, JoeBama dropped tariff enforcement to please the Wall Street multinational corporations and banks that funded his campaign.
(37) Now the value of the Chinese and EU currency increases. This means it costs more to import products, and that is the primary driver of current price increases in consumer goods.
(38) Simultaneously, a lower dollar means cheaper exports for the multinationals (Big AG and raw materials).
China, SE Asia and even the EU purchase U.S. raw materials at a lower price. That means less raw material in the U.S. which drives up prices for U.S. consumers.
(39) It is a perfect storm. Higher costs for imported goods and higher costs for domestic goods (food). Combine this dynamic with massive increases in energy costs from ideological policy, and that’s fuel on a fire of inflation.
(40) Annualized inflation is now estimated to be around 10+ percent, and it will likely keep increasing. This is terrible for wage earners in the U.S. who are now seeing wage growth incapable of keeping up with higher prices.
(41) Real wages are decreasing by the fastest rate in decades. We are now in a downward spiral where your paycheck buys less. As a result, consumer middle-class spending contracts.
(42) Gasoline costs more (+60%), food costs more (+10% at a minimum) and as a result, real wages drop; disposable income is lost. Ultimately this is the cause of a stagnant economy & inflation.
(43) None of this is caused by COVID-19. All of this is caused by current economic policy and current monetary policy sold under the guise of COVID-19.
(44) If spending continues, the dollar drops. As a result the inflationary period continues. It is a spiral that can only be stopped if policies are reversed…. and the only way to stop these insane policies is to get rid of Wall Street democrats & republicans constructing them.
(45) Be patient, be respectful, be kind and caring. Don’t look for trouble. But when the time comes to fight, drop the niceties and fight for your family with insane ferocity. Fight like you're the third monkey on the ramp to Noah’s Ark…. and damned if it ain’t starting to rain.
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1) **ahem** Also, every argument for retention of 702 is a false premise. Americans either have a 4th Amendment, or we do not. It really is that simple.
Want to conduct electronic surveillance on an American; want to read their "private papers," GET A WARRANT!
This is my hill!
2) Why is this my hill?
Because every downstream action for the surveillance state is predicated on the legal arguments behind FISA 702.
Real ID, facial recognition surveillance, metadata collection, AI enhanced trace and tracking, etc, all of it is contingent upon the arguments within the FISA 702 issue as it relates to the 4th amendment.
If FISA 702 is not a violation of the 4th amendment protection against unlawful search and seizure, then all domestic downstream DHS surveillance, collection and exploitation is similarly not a violation.
If FISA 702 is determined to be a violation of privacy, a violation of the 4th amendment to be secure in your papers and effects (which it is), then all approaches to conduct domestic electronic surveillance through the network of DHS data assembly is also a violation of privacy.
This is a privacy argument that has not reached SCOTUS. It is still being fought with success at state level.
If you are being monitored without a warrant, you have no privacy. The core argument behind 702 authorizes warrantless monitoring.
3) This is why the DC system supports FISA 702 with such severity. It is essentially the path through which the U.S. Govt is authorizing itself to conduct surveillance.
This is why the SSCI will not confirm a nominee without them supporting 702. Congress demands every member of the national security apparatus approve domestic surveillance, on behalf of the Intelligence Community who create and operate the systems.
Remove 702 authority and Palantir stock drops overnight. Why? Because the predicate of their domestic product intents, the surveillance software, are dependent on the legal arguments behind it.
Billions of dollars of German auto manufacturing (assembly) investment in Mexico were just vaporized by President Trump.
This is a very big kick in the teeth to Germany. Previously in a long-term strategy to avoid U.S. tariffs, German automakers invested billions in auto assembly plants in Mexico. Ex. the BMW parts were shipped from Germany and the cars assembled in Mexico. Now that investment is worthless as the vehicle will be taxed at a rate of 25% regardless of whether it is assembled in Germany or Mexico.
It cannot be overstated how big a hit this will be to the German economy specifically. That’s why EU President Ursula von der Leyen is couching her words very carefully.
Germany drives the economic engine of the EU, and the Germans care about their money far more than they care about the security of Ukraine.
“As I have said before, tariffs are taxes – bad for businesses, worse for consumers equally in the US and the European Union,” European Commission President Ursula von der Leyen said in a statement. “We will now assess this announcement, together with other measures the US is envisaging in the next days.”
The EU outlook, specifically financial support, toward the EU/NATO Ukraine strategy will change in 3.... 2....1....
1) Emissary Steve Witkoff’s positive perspectives on Qatar were/are actually shocking to me. Remember, CTH is banned from view in Qatar, and even the U.S. military there cannot access CTH in that duty station.
Qatar is NOT a good actor in the Mideast conflict. On this material supposition and presentation, I comprehensively disagree with Witkoff and would love to debate this matter with him.
I can only conclude there is some financial relationship between Witkoff and the Qataris that lies behind his views.
Qatar provided safe haven for the 5 key Muslim Brotherhood agitators who were exiled from Egypt, and Qatar was factually the GCC nation that had to be confronted for their support of Islamic extremism by Egypt, Bahrain, Saudi Arabia and UAE.
Why Witkoff puts such a positive spin on Qatar, and why Tucker Carlson seemingly affirms and goes along with it is quite odd, given the nature of the discussion.
Qatar funds Al Jazeera, the major propaganda wing of the Islamic extremist coalition supported by the Muslim Brotherhood.
Qatar funds the Brookings Institute, which also then funds the operational efforts of all the Lawfare and CIA agencies.
Qatar is factually in a very deep relationship with the CIA. VERY DEEP.
Qatar was also the mechanism used by Clinton/Panetta to send Surface to Air missiles into Libya, which ultimately resulted in the death of Ambassador Chris Stephens during a covert operation to retrieve them.
All of these known facts, put great pause on the review of Steve Witkoff, who -amid other issues- appears to be doing an exceptional job on the Ukraine-Russia conflict. We should watch this carefully with eyes wide open.
“Witkoff bought the hotel in 2013 for $654 million with a plan to convert the bulk of the building’s 600 or so rooms into high-end condos. But by 2016 he and his partners — Harry Macklowe, Howard Lorber’s New Valley and Highgate Holdings — had decided the Billionaires’ Row market had become oversaturated.
They put the conversion on hold.
A few months later, Chinese developer Greenland Group bought a 41 percent stake in the project from Kuwait Strategic Investors. The project seemed to be back on track.
But shortly after the deal closed, the Justice Department filed a lawsuit looking to seize the hotel as part of its investigation into the Malaysian businessman Jho Low, who was accused of stealing $4 billion from a development fund in his home country.
"Witkoff put the property up for sale in 2017.” “Qataris shell out $623M for storied Park Lane Hotel –
Witkoff-led group bought property decade ago eyeing condo conversion” [Aug 28, 2023]
“The building’s status was in limbo for almost six years due to the owners’ unsuccessful $1bn auction attempt in 2017.”
“Financier Jho Low, also known as Low Taek Jho, was a member of the group that owned the hotel.
In 2022, Low was convicted in the US of corruption charges related to embezzling billions of dollars from the Malaysian investment fund.
The US Justice Department had at first wanted to confiscate the hotel as part of its probe against Low.
But the department later reached a deal with the owners, led by developer Steven Witkoff, for the divestment of the property instead. It holds Low’s portion of the proceeds in escrow.
The building’s status was in limbo for almost six years due to the owners’ unsuccessful $1bn auction attempt in 2017.
According to a Bloomberg report, real estate and management company Witkoff Group and the Qatar Investment Authority have not responded to requests for comment regarding the sale, which was first reported by PinusCo.”
3) President Trump: “The nation of Qatar has historically been a funder of terrorism at a very high level”.
President Trump: “I decided, along with secretary of state Rex Tillerson, our great generals and military people, the time had come to call on Qatar to end its funding, they have to end that funding and its extremist ideology.”
President Trump said he helped those countries make the decision to break off relations with Qatar during his trip to Saudi Arabia [last month]. “Nations came together and spoke to me about confronting Qatar over its behaviors,” he said.
1) While repeating his claim that Canada can easily replace their trade relationship with the USA by seeking larger trade relationship with other countries, specifically the EU, current interim Prime Minister Mark Carney repeats that no contact will be attempted or accepted by the Canadian government until President Donald Trump shows him respect.
This doesn't portend favorably for U.S-Canada relations; which, to be fair, they would argue have been destroyed by President Donald Trump questioning their sovereignty.
However, here's the kicker, what Canadians don't seem to realize is that questioning their sovereignty is simply a strategy by President Trump to eliminate the one-sided trade relationship with Canada.
It is funny to me that Canada just can't figure this out.
2) As long as Canada refuses to engage with President Trump due to a perceived lack of respect, President Donald Trump will continue to enhance his disrespect of Canada, because the absence of engagement assists his 'total trade reset' objective.
President Trump wants to show, perhaps prove to the Canadian people, how dependent they are on their USA relationship; vis-a-vis they are already not a sovereign, economically independent nation.
3) Somewhere around 80% of Canadians have no concept of how their economy is functioning.
Most Canadians seem to think they have some form of capitalistic system in operation and tweeking the knobs will fix things; it won’t.
So, from an American political perspective, specifically from the perspective of President Trump - as noted in all of his repeated remarks about the upcoming Canadian election, having Mark Carney carry out his policies and watching the system therein collapse, might break the borg-mindset.
Sure, it will be massively painful for Canadians when their currency heads toward 0.25¢ to the US dollar. However, that currency collapse will more than eliminate any Trump tariff impact.
She's active..... All indications are she's active.
To give you an idea of her scope of influence as a key functionary, consider what we can document.
♦ McCord submitted the fraudulent FISA application to spy on Trump campaign.
♦ McCord created the “Logan Act” claim used against Michael Flynn and then went with Sally Yates to confront the White House.
♦ McCord then left the DOJ and went to work for Adam Schiff and Jerry Nadler on Impeachment Committee.
♦ McCord organized the CIA rule changes with Intelligence Community Inspector General Michael Atkinson.
♦ McCord led and organized the impeachment effort, in the background, using the evidence she helped create.
♦ McCord joined the FISA Court to protect against DOJ IG Michael Horowitz's newly gained NSD oversight and FISA review.
♦ McCord joined the J6 Committee helping to create all the lawfare angles they deployed.
♦ McCord then coordinated with DA Fani Willis in Georgia.
♦ McCord was working in the background with Special Counsel Jack Smith to prosecute Trump.
♦ McCord is on record advocating for new coordinated Lawfare attacks against Donald Trump in term #2
♦ McCord testified against AG nominee Pam Bondi, saying Bondi must recuse herself from investigating McCord and her efforts on the J6 committee.
♦ Joe Biden appears to have presumptively pardoned Mary McCord.
None of that touches on her husband, Sheldon Snook who worked at the top of the SCOTUS structure in the office of Chief Justice Roberts. Meanwhile, her efforts using Eisen and Weissmann continue.
All indications lean toward her still being active
1.) Notice how the FBI reviewed the President's cell phone data, during their process to request search warrants to review the President's cell phone data. This is ex post facto and against the law.
2.) This brings us back to the central point I have been making for years.
The modern FBI is the police agency of a weaponized U.S government, with a direct and purposeful mandate to keep the American people under control through strict surveillance and a violent police state.
3.) Every member of the FBI is a participant in the weaponization of power and government. The members are jackboots recruited from ideological college campuses for exactly the purpose of supporting a Stasi-like police state.
Through the past several years, we have discovered how the FBI worked inside Twitter, Facebook and social media to control information, remove content and manipulate opinion on behalf of the U.S. government – all activity political.
We have also learned the FBI took active measures to suppress information about the Hunter Biden laptop and control any negative consequences for the Biden regime – again, political. These are not disputed realities.
The U.S. Dept of Justice and FBI are now political institutions that have abandoned their originating mission in order to become the domestic equivalent of the Soviet-era FSB. Their joint targeting mechanisms have been redesigned to support the interests of corrupt DC politicians, specifically the interests of Democrats.