European Union Inflation Hits Record 8.6 Percent for All Nations Using the Euro

European Union Inflation Hits Record 8.6 Percent for All Nations Using the Euro

It is interesting to remember the recent comments from Christine Lagarde, the president of the European Central Bank, who outlined the EU energy crisis as the heart of the current inflation rate in the eurozone.  Lagarde discussed inflation in Europe while drawing a distinction in COVID-19 spending between the EU and U.S.

Essentially, according to Legarde, the EU subsidized businesses to maintain employment; the EU covered payroll expenses during lockdowns, while the U.S. sent direct payments to the American people who were impacted by the lack of work (basically everyone).

Lagarde outlined this difference in spending approach to explain why the Eurozone inflation was less than U.S. inflation.

How long did that EU Central Bank explanation hold up? Approximately two months.

The U.S. inflation rate is currently estimated at 8.6%, and today the eurozone inflation rate just reached,…. wait for it,…  Yep, an exact match at 8.6%.

LONDON (AP) — Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s war in Ukraine.

Annual inflation in the eurozone’s 19 countries hit 8.6% in June, surging past the 8.1% recorded in May, according to the latest numbers published Friday by the European Union statistics agency, Eurostat. Inflation is at its highest level since recordkeeping for the euro began in 1997.

Energy prices rocketed 41.9%, and prices for food, alcohol and tobacco were up 8.9%, both faster than the increases recorded the previous month.

Demand for energy has risen as the global economy bounced back from the depths of the COVID-19 pandemic and Russia’s invasion of Ukraine made things worse.

European Union leaders agreed to ban most Russian oil imports by the year’s end, driving a price spike. The 27-nation bloc wants to punish Moscow and reduce its reliance on Russian energy, but it’s also adding to financial pain for people and businesses as utility bills and prices at the pump soar. (read more)

Keep in mind, the EU and the U.S. are both chasing the climate change energy shift as dictated by the World Economic Forum in the Build Back Better program.

If you factor in the dramatic impact in both the EU and the U.S. from energy policy; and then if you calculate the COVID-19 spending as a percentage of the GDP from both economies; what you will discover is the direct similarity that creates the 8.6% inflation match.

The EU spent less on their COVID-19 programs. However, as a percentage of their economy they spent about the same as the U.S.

Joe Biden spent more, but the U.S. economy is bigger than the combined eurozone.

The inflation hitting the EU is almost identical to the inflation hitting the U.S. because the Russian energy sanctions are almost identical in impact to the EU energy sector as Joe Biden’s energy policy (a blockage on energy development) is to the United States.

The current similarity in the inflation rate between the U.S. and EU is specifically because politicians in both regions followed the exact same instructions from the World Economic Forum.

The outcome is ironically a global synergy as the economies of the EU and USA start to collapse.

None of this is accidental.  All of this economic turmoil is running on an identical track -on a global basis- because the entire western plan was coordinated and followed.  What we are seeing right now is the outcome of the “Build Back Better” roadmap.  The “global inflation” is the outcome.

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Turkey Drops Opposition to Sweden and Finland Joining NATO, Biden Approves F-16 Sales to Turkey

Turkey Drops Opposition to Sweden and Finland Joining NATO, Biden Approves F-16 Sales to Turkey

Quid-pro-Joe.

In March of this year Finland President Sauli Niinistö traveled to the White House [link].  In April reports first surfaced of Finland and Sweden joining the NATO alliance [link].  In mid-May of this year President Sauli Niinistö stated his decision for his country to join NATO was a matter of needing to choose sides, “what we see now, Europe, the world, is more divided. There’s not very much room for ‘non-aligned,’ in-between. So that was also what we are thinking,” he said [link]

The next day, May 16th, Turkish President Recep Erdogan, a preexisting NATO member, said Turkey would block the application of Sweden and Finland from joining NATO until their conditions and terms were accepted [link].  Two days later, May 19th, Joe Biden, flanked by Finnish President Sauli Niinisto and Swedish Prime Minister Magdalena Andersson (again at the White House), said the two countries would “make NATO stronger.” [link]

On Tuesday of this week Turkey removed their block of Sweden and Finland from joining NATO, and on Wednesday Joe Biden agreed to sell Turkey 40 Lockheed Martin-made F-16 fighters and nearly 80 modernization kits for its existing warplanes:

Newsmax – The Biden administration threw its support on Wednesday behind the potential sale of F-16 fighter jets to Turkey, a day after Ankara lifted a veto of NATO membership for Finland and Sweden.

Celeste Wallander, Assistant Secretary for Defense for International Security Affairs at Pentagon, said strong Turkish defense capabilities would reinforce NATO’s defenses.

“The United States supports Turkey’s modernization of its fighter fleet because that is a contribution to NATO security and therefore American security,” she said. (read more)

Finland now represents an additional 1,340 km (830 mi) long direct border with Russia.  The border runs mostly through uninhabited taiga forests and sparsely populated rural areas.  Two weeks ago, June 9, 2020, Finland announced their “government plans to amend border legislation to allow the building of barriers on its eastern frontier with Russia, […] in a move to strengthen preparedness against hybrid threats amid Russia’s invasion of Ukraine.” [link]

The NATO alliance has now done a great deal of logistical and strategic placement in advanced preparation for the next phase of the conflict with Russia.   Notice where the emphasis is in the statements from Joe Biden and Recep Erdogan (emphasis mine):

MADRID – President Biden lavishly praised Turkish President Recep Tayyip Erdogan for his “leadership” after the autocratic leader agreed to allow Finland and Sweden to join NATO in response to Russia’s invasion of Ukraine.

Biden sat with Erdogan on the sidelines of the Atlantic alliance’s summit in Madrid Wednesday and thanked him for allowing the two Nordic states to join the bloc as well as working on ways to export Ukrainian grain in a manner that bypasses obstructions caused by the war.

“I want to particularly thank you for what you did putting together the situation with regard to Finland and Sweden, and all the incredible work you’re doing to try to get the grain out of Ukraine and Russia. I mean, you’re doing a great job,” Biden told Erdogan.

The Turkish leader, known for jailing reporters and dissidents, had threatened to block the alliance’s expansion over Sweden and Finland taking a purportedly weak stance against Kurdish activists whom the Ankara government calls “terrorists.”  Erdogan, speaking through a translator Wednesday, said he hopes to broker exports of grain from Ukraine.

“The Russia and Ukraine conflict and the negative developments with regards to taking out of the grain from the Ukrainian ports, as well as the developments involving oil and natural gas, require all of us to work together in order to settle the disputes once and for all,” Erdogan said.

He added that “there are countries deprived of the grains, and we will open corridors, and we will allow them to have access to the grains that they so need.” 

Biden concluded a media availability by saying to Erdogan, “It’s in large [part] because of your leadership. Thank you. I really mean it. Thank you.”  (read more)

Keep in mind, every western media narrative from this Ukraine war is filled with propaganda.

Despite the western media and western government claims to the contrary, in all of the regions of the country under the control of the Ukrainian government the grain stores have been destroyed by the Ukraine military.   Brave independent journalists on the ground in Ukraine have been providing the documentary evidence of Ukraine Armed Forces (UAF) destroying and burning grain warehouses and silos. [link]

Save the direct evidence videos if you want them.  Now that CTH is showing the evidence of Ukraine government burning and destroying the grain these videos will disappear and this Twitter account will likely get removed.

Ukraine military and government officials are destroying grain storage.  At the same time fields are burning and the western media are blaming Russia for setting fire to farmland in an effort to destroy the grain harvest.   Simultaneous to these conflicting claims, also keep in mind the New York Times has been reporting the CIA and Pentagon are controlling all military operations from secret operational headquarters in Kyiv [link].

Can you see what is happening?

Again, I repeat…. The NATO justification for war against Russia will come as an outcome of food shortages and western government blaming Vladimir Putin.  Toward that end, it is in their interest to destroy food harvests from inside Ukraine in an effort to increase food shortages and support their justification.  The CIA is operating there.  Can you see what is happening?

NATO and the Western alliance need to position global food shortages on the shoulders of Vladimir Putin in order to justify their war with Russia as a war to stop global famine.   Can you see what is happening?

Joe Biden and NATO now position Turkish President Recep Erdogan as the broker, the diplomat in the middle, who is trying to help feed the world by securing Ukrainian shipments of grain that are simultaneously being destroyed by Ukrainian military operations under the control of the CIA.  Can you see what is happening?

It is not in Russia’s geopolitical or strategic interests to destroy Ukraine food supplies.

In order to maintain their geopolitical position and hold Climate Change energy policy as the priority, the western alliance must have a way to deflect the shortage of food away from their energy policy and toward something else.   Can you see what is happening?

War is coming.  It is not a question of “if”, it is a question of “when”?

Can you see what is happening?

Watch western media.

When they start really pushing Russia as the reason for world food shortages, we will be closer to the start of the war.

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San Antonio Human Smuggling Death Toll Rises to 51 as White House Says the Border is Closed

The death toll in the human smuggling operation involving a tractor trailer filled with illegal aliens has risen to 51 people. Mexican Foreign Secretary Marcelo Ebrard Casaubon said on Twitter that among the victims were 22 Mexican nationals, seven Guatemalans and two Hondurans.

TEXAS – […] Bexar County Precinct 1 Commissioner Rebeca Clay-Flores said the death toll has risen to 51 people during a press conference Tuesday afternoon. Initially, 46 people were found dead in the trailer Monday and 16 people were hospitalized, authorities said.

The death count was the highest ever from a smuggling incident in the United States, according to Craig Larrabee, acting special agent in charge of Homeland Security Investigations in San Antonio.

“This is a horror that surpasses anything we’ve experienced before,” said San Antonio Mayor Ron Nirenberg. “And it’s sadly a preventable tragedy.”

The Baptist Health System in San Antonio received five patients and two have since died, spokesperson Natalie Gutierrez told USA TODAY. She said three remained in critical condition.

Two people were taken to University Hospital in San Antonio, including an adolescent male and a 23-year-old woman, the University Health System said on Twitter. Both were in critical condition. (read more)

Press Conference:

The White House released the following statement:

The tragic loss of life in San Antonio, Texas that took place yesterday is horrifying and heartbreaking.  Our prayers are with those who lost their lives, their loved ones, as well as those still fighting for their lives. As always, I am grateful for the swift work of all of the Federal, state, and local first responders.

While we are still learning all the facts about what happened and the Department of Homeland Security has the lead for the investigation, initial reports are that this tragedy was caused by smugglers or human traffickers who have no regard for the lives they endanger and exploit to make a profit.

This incident underscores the need to go after the multi-billion dollar criminal smuggling industry preying on migrants and leading to far too many innocent deaths. In Los Angeles two weeks ago, I announced that the United States has launched a first-of-its kind anti-smuggling campaign with our regional partners.  In the first three months, we have made over 2,400 arrests, and that work will only intensify in the months ahead.  

Exploiting vulnerable individuals for profit is shameful, as is political grandstanding around tragedy, and my Administration will continue to do everything possible to stop human smugglers and traffickers from taking advantage of people who are seeking to enter the United States between ports of entry. (link)

White House Spokesperson Karine Jeane-Pierre was questioned about the events and delivered a weird response claiming the border is closed:

MS. JEAN-PIERRE:  So, 46 people died — right? — in the state of Texas, and so — and others, as I just mentioned, are still fighting for their lives.

So we’re still learning their names.  Their families are still learning they lost loved ones, as when a tragic situation normally happens.  We’re focused on them, on the facts, and holding the human strugglers [smugglers] who endangered vulnerable individual — individuals for profits accountable.

And we’re — and we’re focused on continuing our historic actions to disrupt dangerous smuggling networks, including through a new anti-smuggling campaign that just in the first two months resulted in over 1,800 arrests.  But the fact of the matter is the border is closed, which is in part why you see people trying to make this dangerous journey using smuggling networks. (read more

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A Combative Interview Between Bret Baier and Arizona Governor Candidate Kari Lake, Video

Fox News propagandist Bret Baier continues his devolution into the external appearance of a human Cabbage Patch doll, while intellectually his leftist DNA has won the battle for his frontal cortex.  After delivering a love-fest interview for establishment GOP candidate Karrin Taylor Robinson last week, Baier sharpened the knives for MAGA candidate Kari Lake.

Within the interview [Direct Rumble Link Here} Brett Baier accused Kari Lake of throwing transgender parties at her home and participating in drag queen sex shows.  Mrs. Lake was furious at the outlandish claims by Fox News, and then things got ugly.   WATCH:

Fox News is well positioned to hire Adam Kinzinger as a host next to Trey Gowdy. The Arizona state Primary Election will be held on Tuesday, August 2, 2022.

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Sunday Talks, Michigan Governor Whitmer Decries Abortion Ruling, Laments that Michigan State Legislature Affirms Abortion Limits

Comrades, this is quite a remarkable interview if you stand back away from the issue and just look at the context.  Michigan Governor Gretchen Whitmer appears on CBS Face the Nation to discuss abortion in the aftermath of Supreme Court overturning Roe.  The legal aspects for any abortion restriction now return to the state legislature and representatives closest to the people.

Comrade Whitmer is repeatedly asked what she can do to keep abortion available without limit.  In her responses Whitmer notes that her opinion on the issue is not held by the state legislature and lawmakers, as a result there’s not much she can do.  Gretchen Whitmer is admitting her view is not the view of the people in her state, yet she vows to continue fighting against the will of the people.  WATCH:

[Transcript] –  …”GOV. WHITMER: What I’m trying to fight for is the status quo in Michigan and there are reasonable restrictions on that. With the current legislature that I have, there is no common ground, which is the sad thing.” (read more)

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Democrat Rep Maxine Waters Promotes Insurrection, Says Rulings from the Supreme Court Should be Defied by Opposition

Democrat Rep Maxine Waters Promotes Insurrection, Says Rulings from the Supreme Court Should be Defied by Opposition

The same representative who advocated for violence against President Trump cabinet members, appeared in front of the Supreme Court today to advocate for defiance against the constitutional limitations on government power.

Maxine Waters (California CD-43) represents the outlook of the radical leftists in her emotional reaction to the Supreme Court ruling that lets states decide what laws should be in place to limit the killing of unborn babies.   Ms Waters specifically cited and called for the defiance of “black women” in opposition to the ruling.  Her proclamations make evil and twisted sense from the perspective of the abortion industry, as unborn black babies are disproportionately killed by abortion providers.  WATCH:

The Centers for Disease Control and Prevention (CDC) documented in its Abortion Surveillance report for 2015 – released on Nov. 23, 2018 – that while black Americans comprise 13.4% of the U.S. population, they accounted for 36.0% of the abortions in 2015.  Black women have three times the rate of abortion as white women, and that higher abortion rate is consistent even after you filter the control data to remove income from the issue {link}.

The number one customer for abortion services are young pregnant black women.  This was also the target audience identified by Margaret Sanger the founder of Planned Parenthood and an avowed racist.  The racial roots of Planned Parenthood go back to the founding.

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15 DeceptiCons Vote to Close Debate on Senate Gun Control Legislation, An Important One Was Permitted to Hide

15 DeceptiCons Vote to Close Debate on Senate Gun Control Legislation, An Important One Was Permitted to Hide

In 2006 we originally faced 20 DeceptiCons in the Senate.  They represent the right wing of the DC Congressional UniParty.  Having removed a few, and some of them died (McCain, Cochran) there are still 16 of them in office.  They are led by Mitch McConnell.

This is the same crew who vehemently opposed the nomination of Donald Trump for office.  These are the same republican senators who aligned against the Tea Party and later against the MAGA movement represented by our efforts to put Donald Trump into office.  These are the DeceptiCons we have been discussing for 16 years.  However, these are also a very sneaky bunch – notice how McConnell’s #2, John Thune, was permitted to avoid the DeceptiCon sunlight.

Today the DeceptiCons [Blunt (MO), Burr (NC), Capito (WV), Cassidy (LA), Collins (ME), Cornyn (TX), Ernst (IA), Graham (SC), McConnell (KY), Murkowski (AK), Portman (OH), Romney (UT), Tillis (NC), Toomey (PA) and Young (IN)] voted to shut down debate on the democrat senate firearm restriction and confiscation bill.  The vote to invoke cloture shuts down debate and ends the opportunity for a filibuster.  Invoking cloture, ie voting to support cloture, is a vote in support of the bill.

WASHINGTON DC – […] Ahead of the vote, Majority Leader Chuck Schumer said the Senate could pass the final bill as soon as Thursday with GOP cooperation. However, if any one of the 100 senators objects, final passage could occur as late as Friday night, briefly delaying the chamber’s planned two-week recess.

“We are not going to leave until we pass this bill,” Schumer said. “This is not a cure-all for all the ways gun violence affects our nation, but it is a long overdue step in the right direction. It’s significant, it’s going to save lives, and it’s my intention to get it done as soon as we can.”

The gun safety legislation amounts to Congress’ most significant response to mass shootings in nearly 30 years. The package, negotiated by Sens. Chris Murphy (D-Conn.), John Cornyn (R-Texas), Kyrsten Sinema (D-Ariz.) and Thom Tillis (R-N.C.), comes about one month after a gunman killed 19 children and two teachers in Uvalde, Texas.

Senate Minority Whip John Thune (R-S.D.) said Thursday the timing on final passage depended on whether the chamber would vote on amendments to the package. Republicans can drag the bill out if they don’t get the votes they are requesting because any quick action requires unanimous consent.

“As of right now there’s a very serious interest in at least some small amount” of amendments, Thune said. Cornyn agreed that his “bias is in favor of amendments.” (read more)

Mitch McConnell is the Machiavellian manipulator of the senate.  Notice how McConnell provides cover for John Thune who did not vote to support cloture?

Do not be fooled.  McConnell is grooming Thune to replace him and maintain the Wall Street/Donor system.

Senator John Thune is the DeceptiCon insurance policy to maintain power in the upper chamber after the 2022 mid-terms.

Watch Thune.

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Manufacturing Index Drops Far Below Expectations – Biggest Single Month Drop Since 2020 Pandemic Impact

Manufacturing Index Drops Far Below Expectations – Biggest Single Month Drop Since 2020 Pandemic Impact

U.S. inflation was/is driven by supply side impacts as a result of policy (Build Back Better).  The U.S. recession was/is now driven by demand side impacts that are the result of increased supply side costs.  This is the natural economic truth being denied by all levels of political leadership.

Joe Biden policy makers, specifically the U.S. treasury secretary and the federal reserve chairman, have claimed -falsely- that current inflation was/is being driven by demand. In essence, and ironically, their position means consumers are to blame for high prices.  This has been their story and they have stuck to it.  However, remember monetary policy can only impact the demand side of the economy.  Monetary policy cannot impact the supply side, that aspect is led by Joe Biden policy.

The Federal reserve, having denied (pretended) the supply side causation, has effectively raised interest rates (0.75%) into an economic environment where consumer demand was already contracting.  CTH has been asserting this fundamental position all year.   Here is the evidence:

US Manufacturing PMI fell dramatically to 52.4 in June 2022 from 57 in May.  This drop is well below the market and economic expectations of 56, and now points to the slowest growth and steepest drop in factory activity in almost two years.  Contractions in output and new orders are pushing the index down.

Production and new sales declined for the first time since the depths of the pandemic in mid-2020 driven by weak consumer demand.  Inflation and a drop in wholesale and retail purchases have lowered purchase orders.  The gears inside the economy are slowing to a halt.

Look at the PMI trendline and you can clearly see what we have been discussing on these pages since March of 2021.   Consumer demand has been dropping in direct proportion to the dramatic rise in inflation (consumer prices).

At the exact moment that U.S. inflation began spiking in housing, energy, fuel and food, consumer demand for non-essential purchases, durable goods, started dropping.  This is a natural outcome that mirrors your own experience in checkbook economics.

When food, fuel and energy cost you more, you stop buying stuff and start prioritizing.

Following the path of the “build back better” agenda, the U.S. version called “Green New Deal,” meant the Biden administration had to continue denying that any demand side contraction was taking place.   However, it is clear from the indexes under the control of purchasing managers that orders for factory goods have been dropping.

The same is true on the services side of the PMI.  Demand for services are being prioritized, and demand for non-essential services are dropping.

The U.S. economy is contracting.  Denial abounds.

FXStreet – The S&P Global Manufacturing PMI plunged to 52.4 (flash) in June from 57 in May, missing the market expectation of 56 by a wide margin. This report revealed that the business activity in the manufacturing sector expanded at a much weaker pace in early June than it did in May.

Further details of the publication revealed that the Composite PMI declined to 51.2 from 53.6, compared to analysts’ estimate of 53.7.

Commenting on the data, “the pace of US economic growth has slowed sharply in June, with deteriorating forward-looking indicators setting the scene for an economic contraction in the third quarter,” said Chris Williamson, Chief Business Economist at S&P Global Market Intelligence. (more)

The White House will blame Russia.

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