WELCOME TO THE NWO GULAG — James Perloff

SGT Report – Feb 2nd, 2023


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James Perloff returns to SGT Report to expose the United Nations Agenda 2030 New World Order World Economic Forum plan for 15-minute gulags where human freedom will go to die.
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SourceSouth Australian Gov Criminal Organisation

Wind Farms Don’t Just Hurt The Environment And Boost China, They’re Ugly As Sin

Hoosier Daniel Lee recently noted the policy choice to limit natural gas and coal, combined with mandates for low-energy wind and solar, is making the Midwest energy grid significantly more expensive and unreliable. Federal regulators are also attempting to quash local opposition to eyesore wind farms as they force utilities to increase unreliable power.

“The Environmental Protection Agency is scrambling to enact the administration’s climate agenda,” Lee notes. “Rules and regulations currently being written could take local opposition out of the equation, giving state officials cover in overruling obstructive local wind-farm restrictions. Davos attendees may like this, but some Hoosiers won’t be happy.”

It’s a pattern happening across the United States. In early 2022, New York’s power grid operator predicted increasing blackouts as environmentalist regulations cut supply and the state shuts down power plants. The North American Electric Reliability Corp. warned the West and Midwest should expect to see the same thing for the same reasons. In fall 2022, New England’s power grid operator told customers to expect blackouts if cold weather became severe, because of natural gas shortages.

“A number of states have enacted mandates to eliminate carbon emissions from the grid in the coming decades, and the Biden administration has set a goal to do so by 2035,” The Wall Street Journal noted last year (h/t Aaron Renn). The Journal gave multiple horrifying examples of the political choice to degrade U.S. energy affordability and reliability, such as this one:

Within the footprint of the Midcontinent Independent System Operator, or MISO, which oversees a large regional grid spanning from Louisiana to Manitoba, Canada, coal- and gas-fired power plants supplying more than 13 gigawatts of power are expected to close by 2024 as a result of economic pressures, as well as efforts by some utilities to shift more quickly to renewables to address climate change. Meanwhile, only 8 gigawatts of replacement supplies are under development in the area. Unless more is done to close the gap, MISO could see a capacity shortfall, NERC said. MISO said it is aware of this potential discrepancy but declined to comment on the reasons for it.

In short, the United States is following California and Europe into disastrous energy policies that lead to frequent blackouts and brownouts, and people cutting down forests to warm themselves in frigid winters. Apparently, it needs to be noted that people regularly die when the power goes out, especially the sick, young, and elderly. Hospitals, nursing homes, and emergency services depend on reliable power.

Atop all these reasons to eschew wind farms, Lee notes another top concern of locals forced yet again to absorb the high costs of rich people’s fantasies: Wind farms are not only noisy and destructive to local habitats, they’re ugly as sin.

“Biden administration climate envoy John Kerry may bask in fawning headlines, but Hoosiers won’t be able to escape the sight of wind turbines or solar arrays as easily as he escapes Davos on a jet. These eyesores will be permanent features of daily life, along with — potentially — seasonal energy shortfalls,” Lee notes.

The brute ugliness of wind farms ought to be considered one more significant strike against them. Yes, wind turbines require slave labor and empower China by requiring rare-earth minerals China mostly controls and mines in horrifying work conditions. Building the equipment for wind farms and their installations badly damages the environment.

But one of the top concerns, especially at the neighborhood level, is how ugly, noisy, and quality-of-life degrading wind farms are. Every time I pass a wind farm, which is usually situated out in flat farm country, I imagine spending my farmland childhood surrounded by those hideous turbines. You hear the wind thundering past and the turbines adding a constant machinery hum to it. How could anyone live peacefully next to that? The answer: They don’t.

A PBS affiliate reported in 2018:

In places like Massachusetts, New York, and Vermont where industrial wind turbine projects have recently been introduced, residents have reported symptoms such as nausea, sleep disorders, fatigue, and increased stress that they account to a low-frequency hum — a combination of audible bass sounds and inaudible vibrations — generated by the turbines. In one instance , an air traffic controller attributed a near-fatal mistake on the insomnia and stress he experienced after a wind turbine was installed near his home in Falmouth, Massachusetts.

Not to mention what an eyesore wind farms are, stretching sometimes miles and miles along what was formerly a far more beautiful landscape of sky, trees, and land. Even plain landscapes, such as the flatlands of Minnesota, North Dakota, and South Dakota, where I’ve seen the wind farms ravage, would be far more beautiful without these postmodern forests of hideous white giants ceaselessly menacing the sparse population.

Beauty matters. It is not a side consideration. Beauty affects people’s happiness, and the people’s pursuit of happiness is one of the inalienable rights acknowledged in our Declaration of Independence. It is not a trivial item on the ledger besides money, power, and false prophecies of doom.

Sometimes beauty can be used to deceive people, but sometimes the beauty or ugliness of a thing can help reveal its moral properties. Wind farms are ugly. In this case, it’s a leading indicator of all their other evils.

Rural and poor people deserve to be able to look up at the sun and sky and enjoy their beauty, too. So do the fishermen and the residents of Martha’s Vineyard and Cape Cod, where offshore wind farms are now being constructed.

So do the whales, fish, and birds, whose lives and habitats are destroyed in the pursuit of expensive power whose unreliability also endangers human lives. None of these creatures deserve to have their habitats turned into industrial wasteland, erased of natural beauty and harmony by machines created by the labor of starving children sent into dirty mines.

People don’t like wind farms. That gut feeling points toward the truth: Wind turbines are not only wasteful and dangerous, but ugly as sin. Clean nuclear plants, however, can fit inside a school bus. The only real reason to prefer wind turbines to nuclear power is hatred for nature, which includes humanity.


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Something’s Buggin’ Tucker Carlson, Food Production is a National Security Issue

Something’s Buggin’ Tucker Carlson, Food Production is a National Security Issue

This is a topic we have covered extensively, and it is great to see Tucker Carlson questioning the sudden alignment of various elements that are creating a very real food insecurity problem.

The #1 factor in the shortage of food production is the newly emboldened ‘western energy policy‘ and the impact energy has on everything from field (fertilizer) to fork (distribution).  Other factors include government policy that blocks food development (Dutch, Irish and Sri Lanka Farmers), a sudden uptick in food facilities having major fires and damage, and a series of issues with the feed that goes into the production of proteins.

This is all happening as the advancement of insects as a more “sustainable” protein replacement is being advanced by the same western governments.  However, if you happen to notice that all of the issues travel in the same direction, you are a conspiracy theorist, or something.  WATCH:

We have been watching the predictable outcomes surrounding the western government shift to change energy policy for almost two years.  Approximately a year ago we first said, “the absence of food will change things.”

As energy resources like natural gas were curtailed the resulting price increase and subsequent shortage of fertilizer was discussed in great detail well in advance.

Now, we are starting to see exactly what those warning voices were talking about.

An interesting article in ZeroHedge Saturday [SEE HERE] draws attention to how the media can no longer try to ignore the created global food crisis.

ZeroHedge – People on the other side of the planet are dropping dead from starvation right now, but most people don’t even realize that this is happening.  Unfortunately, most people just assume that everything is fine and dandy.  If you are one of those people that believe that everything is just wonderful, I would encourage you to pay close attention to the details that I am about to share with you.  Global hunger is rapidly spreading, and that is because global food supplies have been getting tighter and tighter. 

If current trends continue, we could potentially be facing a nightmare scenario before this calendar year is over. (read more)

The article then goes on to detail the issues and food shortages in Pakistan, India and the entire African continent.  Factually, according to media reports on the region, the worst food crisis in history is happening – yet most U.S. and European Union media are avoiding it.  The famine is happening in almost complete western silence.

Keep in mind, none of this is unexpected.  In fact, the G7 countries discussed the pending problem in mid 2022, yet no one took any steps to avoid it.

Vladimir Putin’s military action against eastern Ukraine had nothing to do with the severe food shortages and inflation in Sri Lanka {link}.  Nor did Russia have any influence over the Dutch government trying to stop food production {link}.  Additionally, Putin had no control over Justin Trudeau’s decision to limit harvest yields by blocking the use of nitrogen-based fertilizer {link}. More importantly, it was not Vladimir Putin who forced all the western politicians to sign up for a new ‘climate friendly’ energy program that is destroying the ability of western farms to generate higher yield crops.

You do not need to be a farmer to understand that nitrogen/phosphorus-based industrial fertilizer has been the reason why farm yields have generated massive amounts of food on a global basis.  The United States, Canada, the U.K. and places like the Netherlands have massively increased their ability to generate food for export, in large part due to the success of improved fertilizer and crop saving modern pesticides.  Take those farming advancements away under the guise of climate change and you get Sri Lanka, Pakistan and now the African Continent.

Those western climate and energy policies create downstream consequences.  The decision to chase a new global energy policy under the name “Build Back Better,” in combination with short-sighted EU sanctions against Russia, and you get food shortages.

It was not Vladimir Putin who told British Prime Minister Boris Johnson and German Chancellor Olaf Scholz their proactive recommendation to switch from crop-based biofuels to human food would be blocked.  That G7 decision was made by Justin Trudeau and Joe Biden. {link} Even more significantly, it was not Russia who threatened the multinational energy companies about investing in Africa for expanded natural gas supplies for their fertilizer needs. That threat came from the same western government alliance, per their instructions from the World Economic Forum group {link}.

It was predictable {JUNE 21st} {June 30th} and {July 6th} that western government leaders would seek to avoid responsibility for the food crisis they created, and throughout the latter part of 2022 we saw western media trying, desperately, to frame Russia for global food shortages in order to protect western politicians.

I said this in July of last year and as the consequences now surface it is even more critical to understand.

Joe Biden, NATO, the G7, the European Union, the World Bank, USAID, and every western leader in the United States and Europe stated in early and mid 2022 there will be food shortages in 2023.

They did not say there might be shortages; their statements were emphatic, there will be shortages.

Accept this basic cornerstone.  Then ask why not a single proactive step has been taken by any of the aforementioned institutions or governments to alleviate what they declare is a certainty.  Why?

Simple question, “why?”

If all of the western nations, non-govt organizations and heads of state, are aware of a coming food crisis, why is there no proactive response?

It is a question that even the most hardcore leftists will not answer, because there is only one answer.  No action is being taken because they do not want to take action.  No effort to avoid the crisis is being done, because they do not want the crisis avoided.

Peel all the layers of obfuscation and causation away, and what we find is the epicenter of the food shortage is directly the result of the Build Back Better agenda.  A post-pandemic western government deliberate decision to radically change global energy development.  In succinct terms, the climate change agenda.

However, regardless of how you feel about the validity of “climate change,” the cause of diminished food supplies is purposeful.  It is not climate change causing food shortages. It is the purposeful action taken under the guise of mitigating climate change that is causing the shortage of food.

The collective Build Back Better energy policy of western governments’ is the reason for massive increases in energy costs, massive oil price jumps, gasoline price increases, significant increases in chemical costs, increases in diesel fuel costs, shortages of fertilizer created using natural gas, and the end result is lower crop yields, higher farming costs and eventually, food shortages.  They knew this.

All of the organizations and government who have been decrying the future shortage of food, know it is the radical shift in energy resource development that is creating the crisis.  This acceptance of reality begins the framework to understand just how entrenched and committed these western leaders are toward their beloved climate change agenda.

We are only just now beginning to see the first aspects of the food shortage.  However, once the issue becomes unavoidable the western leaders will not and cannot accept the blame for what they have done.  They will blame-cast, excuse and justify what is surfacing.

Food shortages will be blamed on the Ukraine conflict, Russian aggression, climate change and any various iteration of justification that does not identify the true cause, their energy ideology.

I’m not so sure that people fully understand what the entire system of western government would be willing to do to avoid being blamed for avoidable death on a potential scale that is quite alarming.  All of the western leaders, institutions and governments are on the same boat.   They are all in this together.

(June 22, 2022) – (Reuters) – The European Union is divided on how to help poorer nations fight a growing food crisis and address shortages of fertilizers caused by the war in Ukraine, with some fearing a plan to invest in plants in Africa would clash with EU green goals.

The need for food “clashes with EU green goals.”…  Let that sink in.

Priorities!

Nothing to see here comrade, nothing to see….

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Energy Shortages: Britons to be Paid to Not Use Electricity Between 5pm and 6pm on Monday

Energy Shortages: Britons to be Paid to Not Use Electricity Between 5pm and 6pm on Monday

More than a million UK households will be offered money for them to cut their electricity use between 5pm and 6pm on Monday in a move that follows the National Grid bringing back mothballed coal plants today to ensure supply.

Some people across Britain are to be offered up to £20 (~$24.76) to dramatically reduce their electricity usage between 5pm and 6pm on Monday evening in an attempt to curb the country’s electricity use in the face of potential shortages.

It will be the first time such payments will be issued under the National Grid’s Demand Flexibility Service, which was introduced late last year in the hopes of preventing power blackouts.

Now, according to an online statement by the energy board, the emergency system is planned to be engaged for the first time this evening, with freezing cold temperatures reportedly causing problems for energy availability in Britain.

So far, three coal-fired power plants in the country have been ordered to make themselves ready for use to combat the shortages, with a combination of freezing temperatures, short days, and little wind hammering the UK’s green energy production at a time when significant supply is needed to heat and light people’s homes.

Wind energy in particular has appeared to have dropped dramatically, going from making up just under 58 per cent of the UK’s electricity supply one week ago to only 25 per cent on Saturday, pushing the country back onto more reliable alternatives.

While the National Grid insists that there are no chances of blackouts, it has admitted that the country’s energy supply has been significantly reduced, and that energy-saving measures are needed to “maintain the buffer of spare capacity we need”.

“Our forecasts show electricity supply margins are expected to be tighter than normal on Monday evening,” a statement from the body on Sunday evening read. “We have instructed coal-fired power units to be available to increase electricity supplies should it be needed tomorrow evening.”

“We are also activating a Live [Demand Flexibility Service] event between 5-6pm tomorrow,” it continued. “This does not mean electricity supplies are at risk and people should not be worried.”

According to a report by the Daily Mail, the more than a million households eligible to take part in the energy-saving project will be asked to refrain from using high-consumption appliances such as ovens, washing machines, tumble dryers, dishwashers and certain games consoles.

These households will be eligible for the programme as a result of having controversial “smart meters” with an eligible provider within their home, with the technology recently emerging as a point of controversy within the British press for the reason that it gives unprecedented control of electricity consumption to electricity companies.

Though the plan is voluntary, with many in Britain struggling to make ends meet as a result of the massively inflated price of fuel, food and electricity, the opportunity to be paid for saving energy for one hour may be a defacto necessity.

What’s more, these same households may be handed another opportunity to turn off their appliances for cash on Tuesday, with the National Grid reportedly saying that they may implement the measure again tomorrow should the supply situation not improve.

Officials from within the energy operator also have reportedly suggested that such energy-saving events could become a regular feature of winters in the UK, with one even suggesting that it will help boost the UK’s green agenda goals.

“It is something we strongly believe in,” Craig Dyke, Head of National Control at National Grid ESO, reportedly remarked. “It provides flexibility for the system and the consumer. We see this as a growing market.”

“We see this as a world-leading step forward into a space where we can only grow and drive forward towards Net Zero,” the official went on to say.

Follow Peter Caddle on Twitter: @Peter_Caddle
Follow Breitbart London on Facebook: Breitbart London

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MUST READ – President Trump Warns Congress Not to Touch Social Security and Medicare, For a Good Reason, He’s The One Who Can Fix Them

MUST READ – President Trump Warns Congress Not to Touch Social Security and Medicare, For a Good Reason, He’s The One Who Can Fix Them

President Trump transmitted a message to congress, warning them not to cut Social Security and Medicare {Direct Rumble Link}.  Many politicians and pundits will look at Trump’s position from the perspective of it being good to campaign for older voters, but that’s not the core of his reasoning.

In 2016 CTH was the first place to evaluate the totality of President Trump’s economic policies; specifically, as those policies related to the entitlement programs around Social Security and Medicare.  We outlined the approach Trump was putting forth and the way he was approaching the issue.   In the years that followed, he was right.  He was creating a U.S. economy that could sustain all of the elements the traditional political class were calling “unsustainable.”

Before getting to the details, here’s his video message and policy as delivered yesterday. WATCH:

Fortunately, we do not have to guess if President Trump is correct. We have his actual economic policy results to look at and see how the expansion of the economy was creating the type of growth that would sustain Social Security and Medicare.  This was/is MAGAnomics at work.

♦ On Social Security – Unlike many other 2016 Republican candidates, Donald Trump did NOT call for rapid or wholesale changes to the current Social Security program; and there’s a very good reason why he was the only candidate who did not propose wholesale changes.

With the single caveat of “high income retirees” (over $250k annually), which previously Trump said he was open to negotiating on, President Trump does not consider these programs as “entitlements”. The American people pay into them, and the federal government has an obligation to fulfill the promises made upon collection.

To fully understand how Donald Trump views the solvency of Social Security, you must again understand his economic model and how it outlines growth.

The issue with Social Security, as viewed by Trump, is more of an issue with receipts and expenditures. If the aggregate U.S. economy is growing by a factor larger than the distribution needed to fulfill its entitlement obligations, then no wholesale change on expenditure is needed. The focus needs to be on continued and successful economic growth.

What you will find in all of Donald Trump’s positions, is a paradigm shift he necessarily understood must take place in order to accomplish the long-term goals for the U.S. citizen as it relates to “entitlements” or “structural benefits”.

All other candidates and politicians begin their policy proposals with a fundamentally divergent perception of the U.S. economy.

The customary political economy theory, carried by most politicians, positions them with an outlook of the U.S. economy based on “services”; a service-based economic model.

While this economic path has been created by decades old U.S. policy and is ultimately the only historical economic path now taught in school, President Trump initiated his economy policy with the intention to change the dynamic entirely, and that’s exactly what he did.

Because so many shifts -policy nudges- have taken place in the past several decades, few academics and even fewer MSM observers, were able to understand how to get off this path and chart a better course.

Donald Trump proposed less dependence on foreign companies for cheap goods, (the cornerstone of a service economy) and a return to a more balanced U.S. larger economic model where the manufacturing and production base can be re-established and competitive based on American entrepreneurship and innovation.  This is the essence of MAGAnomics.

The key words in the prior statement are “dependence” and “balanced”. When a nation has an industrial manufacturing balance within the GDP there is far less dependence on the economic activity in global markets. In essence the U.S. can sustain itself, absorb global economic fluctuations and expand itself or contract itself depending on the free market.

When there is no balance, there is no longer a free market. The free market is sacrificed in favor of dependency, whether it’s foreign oil or foreign manufacturing, the dependency outcome is essentially the same. Without balance there is an inherent loss of economic independence, and a consequential increase in economic risk.

No other economy in the world innovates like the U.S.A. President Donald Trump saw/sees this as a key advantage across all industry – including manufacturing and technology.

The benefit of cheap overseas labor, which is considered a global market disadvantage for the U.S., is offset by utilizing innovation and energy independence.  This was the core of the economic program that created so much immediate GDP growth in 2017, 2018 and 2019.

2017: […]  “This policy will be successful in moving the U.S. economy away from low-growth secular stagnation towards significantly more buoyant performance. We would not be taken by surprise by a doubling of the growth rate of real GDP in the U.S. over the next two years, nor by a further significant move up of equity valuations and a material further appreciation of the dollar.”  ~  David Folkerts-Landau, Chief Economist, Deutsche Bank

The third highest variable cost of goods beyond raw materials first, labor second, is energy. If the U.S. energy sector was unleashed -and fully developed- the manufacturing price of any given product would allow for global trade competition even with higher U.S. wage prices.  This is why President Trump traveled to Saudi Arabia as his first foreign trip, followed closely by a trip to Asia.  He was putting the basics of his U.S. economic policy into place.

Additionally, the U.S. has a key strategic advantage with raw manufacturing materials such as: iron ore, coal, steel, precious metals and vast mineral assets which are needed in most new modern era manufacturing. President Trump proposed we stopped selling these valuable national assets to countries we compete against – they belong to the American people; they should be used for the benefit of American citizens. Period.  This was the central point of the Steel and Aluminum tariffs.

EXAMPLE: Prior to President Trump, China was buying and recycling our heavy (steel) and light (aluminum) metal products (for pennies on the original manufacturing dollar) and then using those metals to reproduce manufactured goods for sale back to the U.S.

As President, Donald Trump stopped that practice immediately, triggering a policy expectation that we do the manufacturing ourselves with the utilization of our own resources.  Then he leveraged any sales of these raw materials in our international trade agreements.

When you combine FULL resource development (in a modern era) with the removal of over-burdensome regulatory and compliance systems, necessarily filled with enormous bureaucratic costs, Donald Trump began lowering the cost of production and the U.S. became globally competitive. In essence, Trump changed the economic paradigm, and we no longer were a dependent nation relying on a service driven economic model.

The cornerstone to the success of this economic turnaround was the keen capability of the U.S. worker to innovate on their own platforms. Americans, more than any country in the world, just know how to get things accomplished. Independence and self-sufficiency are part of the DNA of the larger American workforce.

In addition, as we saw in 2018 and 2019, an unquantifiable benefit came from investment, where the smart money play -to get increased return on investment- became putting capital INTO the U.S. economy, instead of purchasing foreign stocks.

With all of the above opportunities in mind, this is how President Trump put us on a pathway to rebuilding our national infrastructure.

The demand for labor increased, and as a consequence so too did the U.S. wage rate which was stagnant (or non-existent) for the past three decades.

As the wage rate increased, and as the economy expanded, the governmental dependency model was reshaped and simultaneously receipts to the U.S. treasury improved.

More money into the U.S Treasury and less dependence on welfare/social service programs have a combined exponential impact. You gain a dollar and have no need to spend a dollar – the saved sum is doubled. That was how the SSI and safety net programs were positioned under President Trump.  Again, this is MAGAnomics.

When you elevate your America First economic thinking you begin to see that all of the “entitlements” or expenditures become more affordable with an economy that is fully functional.

As the GDP of the U.S. expands, so does our ability to meet the growing need of the retiring U.S. worker. We stop thinking about how to best divide a limited economic pie and begin thinking about how many more economic pies we can create.  Simply put, we begin to….

trump west virginia

We know it works, because we have the results to cite.

It was the Fourth Quarter of 2019…..

Right before the pandemic would hit a few months later…. Despite two years of doomsayer predictions from Wall Street’s professional punditry, all of them saying Trump’s 2017 steel and aluminum tariffs on China, Canada and the EU would create massive inflation, it just wasn’t happening!

Overall year-over-year inflation was hovering around 1.7 percent [Table-A BLS]; yup, that was our inflation rate.  The rate in the latter half of 2019 was firmed up with less month-over-month fluctuation, and the rate basically remained consistent.   [See Below]  The U.S. economy was on a smooth glide path, strong, stable and Main Street was growing with MAGAnomics at work.

A couple of important points.  First, unleashing the energy sector to drive down overall costs to consumers and industry outputs was a key part of President Trump’s America-First MAGAnomic initiative.  Lower energy prices help the worker economy, middle class and average American more than any other sector.

Which brings us to the second important point.  Notice how food prices had very low year-over-year inflation, 0.5 percent.  That is a combination of two key issues: low energy costs, and the fracturing of Big Ag hold on the farm production and the export dynamic:

(BLS) […] The index for food at home declined for the third month in a row, falling 0.2 percent. The index for meats, poultry, fish, and eggs decreased 0.7 percent in August as the index for eggs fell 2.6 percent. The index for fruits and vegetables, which rose in July, fell 0.5 percent in August; the index for fresh fruits declined 1.4 percent, but the index for fresh vegetables rose 0.4 percent. The index for cereals and bakery products fell 0.3 percent in August after rising 0.3 percent in July. (link)

For the previous twenty years food prices had been increasingly controlled by Big Ag, and not by normal supply and demand.   The commodity market became a ‘controlled market’. U.S. food outputs (farm production) was controlled and exported to keep the U.S. consumer paying optimal prices.

President Trump’s trade reset was disrupting this process.  As farm products were less exported the cost of the food in our supermarket became reconnected to a ‘more normal’ supply and demand cycle.  Food prices dropped and our pantry costs were lowered.

The Commerce Dept. then announced that retail sales climbed by 0.4 percent in August 2019, twice as high as the 0.2 percent analysts had predicted. The result highlighted retail sales strength of more than 4 percent year-over-year.   These excellent results came on the heels of blowout data in July, when households boosted purchases of cars and clothing.

The better-than-expected number stemmed largely from a 1.8 percent jump in spending vehicles. Online sales, meanwhile, also continued to climb, rising 1.6 percent. That’s similar to July 2019, when Amazon held its two-day, blowout Prime Day sale. (link)

Despite the efforts to remove and impeach President Trump, it did not look like middle-class America was overly concerned about the noise coming from the pundits.   Likely that’s because blue-collar wages were higher, Main Street inflation was lower, and overall consumer confidence was strong.  Yes, MAGAnomics was working.

Additionally, remember all those MSM hours and newspaper column inches where the professional financial pundits were claiming Trump’s tariffs were going to cause massive increases in prices of consumer goods?

Well, exactly the opposite happened [BLS report] Import prices were continuing to drop:

[Table 1 – BLS report link]

This was a really interesting dynamic that no-one in the professional punditry would dare explain.

Donald Trump’s tariffs were targeted to specific sectors of imported products.  [Steel, Aluminum, and a host of smaller sectors etc.]  However, when the EU and China respond by devaluing their currency, that approach hit all products imported, not just the tariff goods.

Because the EU and China were driving up the value of the dollar, everything we were importing became cheaper.   Not just imports from Europe and China, but actually imports from everywhere.   All imports were entering the U.S. at substantially lower prices.

This meant when we imported products, we were also importing deflation.

This price result is exactly the opposite of what the economic experts and Wall Street pundits predicted back in 2017 and 2018 when they were pushing the rapid price increase narrative.

Because all the export dependent economies were reacting with such urgency to retain their access to the U.S. market, aggregate import prices were actually lower than they were when the Trump tariffs began:

[…]  Prices for imports from China edged down 0.1 percent in August following decreases of 0.2 percent in both July and June. Import prices from China have not advanced on a monthly basis since ticking up 0.1 percent in May 2018. The price index for imports from China fell 1.6 percent for the year ended in August.

[…]  Import prices from the European Union fell 0.2 percent in August and 0.3 percent over the past 12 months.

[Page #4 – BLS Report, pdf] – BLS press release.

So yes, we know President Trump can save Social Security and Medicare by expanding the economy with his America First economic policy.  We do not need to guess if it is possible or listen to pundits theorize about his approach being some random ‘catch phrase’ disconnected from reality.  Yes folks, we have the receipts.

This was MAGAnomics at work, and this is entirely what created the middle-class MAGA coalition.  No other Republican candidate has this economic policy in their outlook because all other candidates are purchased by the Wall Street multinationals.

America First MAGAnomics is unique to President Trump because he is the only one independent enough to implement them.

That’s just the reality of the situation.

MAGA for life.

Authors note as said in 2016: “If I absolutely did not believe this economic model was doable, I would never expand the concept and place advocacy upon it. I am an absolute believer that we can, as a nation, reignite a solid manufacturing base and generate an expanding middle class.”  Yes, I bet on Trump, and he was right.    

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A Prediction About Russia for 2023

Putin seems to have bitten off more than he can chew by invading Ukraine. Caught in prolonged conflict, Russia may well jettison its leader.

I don’t believe in predictions. However, I do find it valuable to contemplate plausible future scenarios.
So in that vein, here is one plausible scenario for 2023 (in lieu of a prediction): the end of Vladimir Putin‘s long reign in Russia.

This is one way it could happen.

Putin’s mass mobilisation from last year was his final card to turn the tide of the war (the supposed nuclear option is very unlikely in my view).

Losing Ground

The Russian offensive around Bakhmut — its only offensive at this stage (Ukrainians are on the offence across the remaining entirety of the front) — looks to be culminating.

Russia also appears to be running out of artillery munition, curtailing its offensive capability (the thousands of mobilised troops only have enough training to sit in trenches and defend the line; they are not capable of going on the offensive).

Ukraine will make further gains in the East and Russian casualties will continue to accumulate throughout 2023.

Strategy

Realists in the Kremlin and senior ranks of the military will come to the realisation (if they haven’t already) that Russia ought to sue for peace now while it has something to bargain with, namely, occupied territory in Ukraine, and more than they began the war with.

Putin will refuse to do this because he has staked his rule on achieving victory in Ukraine and there is no viable “off-ramp” for him politically, despite what some of his supporters in the West think.

The realists will realise that Russia may lose everything in Ukraine, or be forced into a very disadvantageous peace settlement, by the end of the year if they do not negotiate now from a position of maximum possible strength.

So they get rid of Putin and negotiate a peace that gives them Crimea and possibly some complex arrangement in Donetsk and Luhansk, perhaps new referendums under international supervision, or some autonomous status within Ukraine.

Weakening Bear

What happens post-Putin is anyone’s guess, and a lot depends on the circumstances of his removal and the outcome of the Ukraine war.

One thing is pretty clear, however, and this was a prediction I did make back in about March last year in a talk I gave in Sydney: we are witness to the end of Russian power. The Russian military turned out to be far more ineffective than anyone previously thought (including Putin). But what combat power and capability it did have has now gone, sacrificed and decimated in the fields of Ukraine.

This combined with Europe moving away from energy dependence on Russia will see the new post-Putin Russia emerge as a much-diminished factor in the international order.

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Originally published on Dr Jonathan Cole’s page.

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Sketchy at Best Labor Report Shows 223,000 Jobs Gained in December, Year-Over-Year Wage Rate Growth 4.6%

Sketchy at Best Labor Report Shows 223,000 Jobs Gained in December, Year-Over-Year Wage Rate Growth 4.6%

The Bureau of Labor and Statistics (BLS) released the December jobs report today [DATA HERE] showing 223,000 jobs gained in December ’22.

Most of the job growth was in the “leisure and hospitality” sector (+67,000), healthcare (+55,000), construction (+28,000) and social assistance (+20,000).  Additionally, average hourly earnings rose by 0.3%, with a year-over-year measure of wage growth at 4.6%.

At this point in the history of our economic pretending game, we are well aware the employment numbers are heavily manipulated in order to support the government policymaking that is destroying the same workforce they claim to represent.   It’s all a ruse, just look around your community and you will see what I am talking about.

The financial pundits, Wall Street, government policy makers and various individuals and economic gaslighters are concerned that worker wage growth could drive inflation.  This is one of the most aggravating aspects to reviewing the majority of economic punditry. [Example:]

This knuckleheaded narrative engineer from the New York Times/Atlantic even has the audacity to say, “let prices continue to fall to target,” as if there is a single item at any price that is dropping.  His spin is a good example of gaslighting just from the use of the statement “price inflation is falling back towards where we want it.

Price inflation is not price.  ‘Price inflation’ is the rate of increase.  There’s a BIG DIFFERENCE between “inflation falling back” and prices dropping. Inflation falling back is merely a lessening of the rate of price increase.  The price does not drop, and never will.

This reality is why it is infuriating to see government policymakers and pundits decry wage growth as a bad thing that might cause inflation.

Government monetary, fiscal and energy policy created inflation.  Devalued currency from spending, simultaneous to massive government policy changes driving up supply side energy costs, exploded inflation.

Prices for energy, oil, gas, home heating, fuel and food all skyrocketed as a result.  Workers need pay raises to afford these essential costs of life.  However, the same people who created the inflation are now worried that wage rate increases may drive inflation.  The mindset at work here is infuriating.

Consider these empirical data points.   In August of 2021 the Biden administration permanently increased food stamp benefits by 25% for everyone who needed the subsidy {LINK}.  This permanent benefit increase was delivered at the same time as the administration was claiming “inflation was transitory.”  They knew it wasn’t transitory. They were lying.

The Social Security Benefits were also raised in 2022 by 8.7% for the largest ever cost of living adjustment in 2023 {LINK}.  Both the 25% food stamp increase and the 8.7% SSI COLA were needed to offset the inflation created by government policy….  However, the same government doesn’t want wages to rise.  Can you see the hypocrisy.

Workers are being crushed by the outcomes of policy, and those who created the policy making the outcomes do not want worker wages to offset the policy.

We need to see wage growth in the 20% range just to keep pace with the increased cost of living created by policy.  Food costs 40% more, energy 30% more, housing 20% more and the list keeps going.

The prices for many goods have already doubled, worker wages need to compensate for those increases.   However, government, Wall Street, corporations and policy makers do not want to see wage growth that will offset the price of goods because they fear those wage gains will drive inflation.

The financial media, Wall Street, govt policy makers (republican & democrats) and corporations are lying to us and simultaneously killing the working-class. We, the workforce, are in an abusive relationship with govt…. and they have the nerve to blame us for inflation.

Our food costs +40%, energy +30%, housing +20%, all of it.. with interest rates now climbing, making it worse. Yet, they now clutch pearls and worry about our need for higher wages to afford these costs (from their policy) driving inflation higher?

Yet we are supposed to be concerned about giving an entitled republican control of the speaker position in congress because.. why?

Probably the same reason they want us looking at Ukraine, or transgender issues, or queer/gay rights, or climate change, or (fill_in_the_blank with something Ron DeSantis is promoting) all to keep us from realizing our economic life is being destroyed all around us while this constant and insufferable game of pretending continues.

A pox on all their houses! 

I hate them all right now.

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Kentucky GOP Treasurer Threatens 11 Banks With Divestment For Boycotting Fossil Fuels

Kentucky GOP Treasurer Threatens 11 Banks With Divestment For Boycotting Fossil Fuels

Kentucky Republican State Treasurer Allison Ball put nearly a dozen financial firms on notice that they may be subject to divestment for boycotting fossil fuels.

On Tuesday, Ball named 11 financial institutions that will have to choose between managing taxpayer assets well or their continued animosity toward American energy.

“When companies boycott fossil fuels, they intentionally choke off the lifeblood of capital to Kentucky’s signature industries,” Ball said in a press release. “Traditional energy sources fuel our Kentucky economy, provide much needed jobs, and warm our homes. Kentucky must not allow our signature industries to be irreparably damaged based upon the ideological whims of a select few.”

According to the treasurer’s office, the energy sector is responsible for nearly 8 percent of state employment. The U.S. Energy Department reported last summer that more than 70 percent of the state’s electricity came from coal in 2021, giving Kentucky residents the 12th-lowest prices in the nation.

Ball gave state agencies 30 days to report any direct or indirect holdings in firms identified as refusing investment in fossil fuels. Firms listed include Citigroup, JPMorgan Chase, and BlackRock, among others.

In December, West Virginia Treasurer Riley Moore called on BlackRock CEO Larry Fink to resign over the firm’s championing of anti-energy environmental, social, and governance (ESG) standards to the detriment of shareholders. The colossal Wall Street firm ended last year with roughly $8 trillion in assets after it began 2022 with a record $10 trillion.

“Does that sound like a guy who’s doing something right?” Moore asked in an exclusive interview with The Federalist. “If anything, it’s a cautionary tale to focus on the maximization of your return for your beneficiaries and your shareholders.”

BlackRock, however, remains fixated on driving ESG standards, which require total decarbonization, as the norm on Wall Street. In a letter to CEOs last year, Fink celebrated a “tectonic shift in capital” toward BlackRock’s commitment to net-zero carbon emissions as Americans pay record energy prices.

Moore’s call for Fink to step down followed North Carolina GOP Treasurer Dale Folwell’s call for the BlackRock executive’s exit the week prior.

In January last year, Moore became the first state treasurer to take an axe to constituents’ state-sponsored relationship with the Wall Street behemoth, gutting from BlackRock’s management about $8 billion in funds from West Virginia’s Board of Treasury Investments.

Republican policymakers around the country began to follow suit. Chief financial officers in Arkansas, Utah, Louisiana, South Carolina, Missouri, Florida, Arizona, and Texas have now ordered taxpayer assets be stripped from BlackRock.


Tristan Justice is the western correspondent for The Federalist. He has also written for The Washington Examiner and The Daily Signal. His work has also been featured in Real Clear Politics and Fox News. Tristan graduated from George Washington University where he majored in political science and minored in journalism. Follow him on Twitter at @JusticeTristan or contact him at Tristan@thefederalist.com.

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