TheLastRefuge Profile picture
Aug 11, 2021 45 tweets 12 min read Read on X
(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 !
Image
(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.

reuters.com/business/energ…
(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.

msn.com/en-us/money/ma…
(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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More from @TheLastRefuge2

Jul 3
1) You guys know the background.  You know the context. You know the history.  You know all the nuances and Machiavellian manipulations that have brought us to this very specific moment. Image
2) Now, you are President Donald Trump and you are in a conversation with Vladimir Putin; a geopolitical ‘adversary’ whose current status was created by the same intelligence system operators that created your defined ‘enemy’ status within your own country.  You and Putin were both targeted by the same intelligence system, the CIA.Image
Image
3) Vladimir Putin does not view Americans as his enemy. Vladimir Putin views the CIA as his enemy.

President Putin is essentially ambivalent to your targeted position, but defines his adversary as your Central Intelligence Agency.  

You want to cut the Gordian knot, change the geopolitical world, create a strategic alignment; but to do that you need Putin to accept you do not view him as the enemy.  You also need to prove you have control over the apparatus he views as a threat. 

How do you prove you have control over the agency?Image
Read 7 tweets
Jun 19
1.) As DNI Mrs Tulsi Gabbard has:

♦ chased down intelligence community leakers,
♦ released the JFK files,
♦ released Joe Biden’s domestic terrorism surveillance plan,
♦ intercepted an NIC plot to impeach President Trump (confirmed by Rubio),
♦ taken control of the Presidential Daily Briefing,
♦ and more recently begun to confront the weaponized corruption within the IC Inspector General organization.

These are actions, not words, and those actions speak boldly.  Suffice to say, her effectiveness has placed a target on her back.
2) Chased down intel community leakers.

theconservativetreehouse.com/blog/2025/05/0…
3) Released the JFK files and released the Joe Biden domestic terrorist surveillance program.

theconservativetreehouse.com/blog/2025/04/1…
Read 8 tweets
Jun 9
1. At sporadic times of inconsequential normalcy, on the streets of Russia you will see two distinct types of people asked for identification, Asians and middle eastern males. When asked why, the average, ordinary grey-person in Russia going about their business, ambivalently has no idea.

Russia is a massive country.

To the southeast they are bordered by China, Mongolia and Asia, they even have a small border with North Korea. To the southwest they have the “stans,” most notably Kazakhstan; this region is the source of most domestic terrorists who attack inside Russia. To the West they have Ukraine and the EU nations.

From the standpoint of Russia, they have Asians on their East, Turks/Arabs on their South and EU supported Nazis on their Western flank.

Keep in mind, despite the breakup of the Soviet Union the muscle memory from World War II is still very much a part of their social compact.Image
2. Consider Arlington Cemetary for scale. If you were to build an Arlington type cemetery for all the Russians killed in World War II, the 27 million gravesites would envelop a landmass bigger than Washington DC. These realities underpin Russian perspectives.

Russia is drawn into an alignment with China not by desire, but rather by necessity.  Most ordinary Russians do not like China, and they would prefer not to purchase Chinese industrial or manufactured goods.  Russian President Vladimir Putin is well aware of this, and I believe U.S. President Donald Trump is aware also.

Secretary of State Marco Rubio said publicly it should be U.S. policy to support separating the two biggest nuclear powers, China and Russia as a matter of strategic U.S. interest.  President Trump said, “I’m going to have to un-unite them, and I think I can do that, too,” shortly before his election in November. “I have to un-unite them.”

In a very downplayed statement earlier this year generally hidden/ignored by media, the former Chairman of the Senate Select Committee on Intelligence and current Secretary of State -also National Security Advisor- Marco Rubio, said “Ukraine was a proxy war for the United States against Russia.”  Despite the U.S. media intentionally hiding the statement, Moscow immediately noticed and affirmed the accuracy.Image
3. Ukraine launched a covert attack against Russian air force bases last Sunday June 1st.  President Trump was not informed of the attack in advance and was unaware it was going to take place.  In the aftermath, President Trump and Secretary Rubio stayed quiet.

Three days after the attack, Wednesday, June 4, President Trump held a 90-minute phone call with Russian President Vladimir Putin.

Last week the New York Times received “an eight-page internal F.S.B. planning document” … “that sets priorities for fending off Chinese espionage.”

[…] Ares Leaks, a cybercrime group, obtained the document but did not say how it did so. That makes definitive authentication impossible, but The Times shared the report with six Western intelligence agencies, all of which assessed it to be authentic. The document gives the most detailed behind-the-scenes view to date of Russian counterintelligence’s thinking about China.

[…] Russia has survived years of Western financial sanctions following the invasion, proving wrong the many politicians and experts who predicted the collapse of the country’s economy.

[…] The Russian document describes a “tense and dynamically developing” intelligence battle in the shadows between the two outwardly friendly nations.

[…] Read one way, the F.S.B. document lends credence to the theory that, with the right approach, Russia can be cleaved away from China. The document describes mistrust and suspicion on both sides of the relationship."

nytimes.com/2025/06/07/wor…
Read 4 tweets
May 29
From the New York trade court ruling:

"...[...] in 1962, Congress delegated to the President the power to take action to adjust imports when the Secretary of Commerce finds that an “article is being imported into the United States in such quantities or under such circumstances as to threaten to impair the national security.” Trade Expansion Act of 1962, Pub. L. No. 87-794, § 232(b), 76 Stat. 872, 877 (codified as amended at 19 U.S.C. § 1862(c)(1)(A)). This delegation is conditioned upon an investigation and findings by the Secretary of Commerce, and agreement by the President. See id. Section 301 of the Trade Act of 1974, as amended, requires that the U.S. Trade Representative (“USTR”) take action, which may include imposing tariffs, where “the rights of the United States under any trade agreement are being denied” or “an act, policy, or practice of a foreign country” is “unjustifiable and burdens or restricts United States commerce.” 19 U.S.C. § 2411(a)(1)(A)–(B). The USTR may impose duties also where the USTR determines that “an act, policy, or practice of a foreign country is unreasonable or discriminatory and burdens or restricts United States commerce.” Id. § 2411(b)(1). This power is conditioned on extensive procedural requirements including an investigation that culminates in an affirmative finding that another country imposed unfair trade barriers under § 2411(a)(1)(A) or (B) or § 2411(b), and a public notice and comment period. See id. § 2414(b)."...

This is one reason why the ruling can be overturned. The Sec 301/302 investigation was completed by the USTR, with extensive citation.

NY Court citation:

cit.uscourts.gov/sites/cit/file…

USTR Citation 400 pages:

ustr.gov/sites/default/…Image
The court literally ignored the USTR investigation, AND the Dept of Commerce review and investigation of the same based on the USTR published findings.

This ruling will not pass inspection by a higher court, and as to the motive of the 3-judge panel.... follow the $$$, there are trillions at stake.

This is a ruling to the benefit of the multinationals.Image
USTR Citations for lengthy review:

ustr.gov/issue-areas/pr…
Read 4 tweets
May 19
1. The original agreement between Clinton and Obama going back to 2008 was for Obama to take the nomination, the presidency and then eventually support Hillary Clinton’s 2016 election bid. 

Obama would be President. Obama would appoint Clinton to Secretary of State, Hillary would then use her office to build wealth for herself and her family, and then HRC would exit the Dept of State to begin her presidential run.

John Podesta would enter the Obama administration as Hillary left in 2013.  Podesta would look out for Hillary’s interests from his position inside the Obama White House.  The Clintons and Obamas never fully trusted each other. 

Barack Obama would put all the mechanisms into place that would transition his administration into Hillary Clintons’.  That was always the plan running in the background.Image
2. In 2015 Hillary Clinton and Barack Obama had a check-in meeting; just touching base to firm up the goals and objectives as Hillary began her campaign launch.  Podesta left the White House to take up position inside the campaign, and Team Obama would maintain Clinton’s interests as planned without an insider.

All of President Obama’s appointments in after 2015, were essentially through the prism of assisting Hillary Clinton to win in 2016.  Attorney General Loretta Lynch (tarmac meeting), Deputy AG Sally Yates, Deputy FBI Director Andrew McCabe and FBI Director James Comey were all part of that.

This is a key point missed by many. In the last two years of Obama, the cabinet and top-tier members of the administration would align their institutional interests to that of Hillary Clinton.

Technically Hillary had eyes and ears all over the White House at the time, and with Hillary Clinton being a foregone conclusion per the expectations of Washington DC, everyone would fall in line during the transition from Obama to Clinton. 

Again, this was the general plan.  Obama would show up in 2016 to campaign for Hillary and all would be seamless.Image
3. The FBI was aware of the plan for transition from Obama to Clinton, hence their role in eliminating the threat later presented by the Clinton, as Secretary of State, laptop scandal and the subsequent issues of classified information. 

Remember, Clinton’s motive as Secretary of State was to sell her position for material wealth; that’s why she used a personal email, maintained her own servers, and generally controlled how her activity could be monitored and tracked. [Also, she didn’t fully trust Obama]

The FBI activity was to support, defend and facilitate the Clinton effort. This is again a key to understanding "Russiagate"...

After March 2016 (Super Tuesday) it became obvious Donald Trump was going to win the Republican nomination. Trump would be Clinton's opponent.

Using access to the NSA database, the U.S. Govt., specifically "FBI Contractors", began doing political surveillance of Donald Trump's campaign. This intel was then sent to the Clinton team. Clinton would benefit from knowing the communication inside the Trump campaign. All of that intel was in the metadata captured by the NSA and searched by the FBI contractors.

All of this activity was political surveillance, using govt resources to feed the Clinton team the info.Image
Image
Read 5 tweets

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