GOV/MIL Main "Great Reset" Thread

marsh

On TB every waking moment

Sorry White House, Gasoline Prices Are About To Surge: Here's Why

THURSDAY, AUG 11, 2022 - 02:40 PM
There was celebration in the White House overnight when the AAA reported that the average retail gasoline prices fell below $4 a gallon to the lowest level since early March.


It wasn't just the Biden admin (which eagerly awaits the plunge in gas prices to translate in sharply higher approval ratings) however, which was enthused by the drop in gasoline: so was the broader market, expecting this drop in gas prices would allow the Fed to ease its tightening pace and accelerate the stock market bounce.

Alas, the recent drop in gas prices is unlikely to last, and not just because after dropping to pre-Ukraine war levels, oil has resumed its move higher, with Brent just shy of $100 and expected to move briskly higher...




... now that fears of collapsing gasoline demand have been shelved.

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The more actionable reason why gas prices - especially in the tri-state area - are set to move much higher, is because the wholesale cost of gasoline in New York surged more than 40% against futures after regional supplies sank to the lowest level in a decade, raising the risk of shortages.



Reminding market watchers just how vast the chasm between financial and physical commodities has become, gasoline stockpiles in the central East Coast region are at the lowest absolute level since November 2012, the EIA reported yesterday. Seasonally, supplies are near an all-time low in records going back to 1993...



... and as a result, the premium for New York gasoline on the spot market, jumped by 10 cents Wednesday. Only San Francisco has more expensive wholesale gasoline.

Stockpiles have slumped as a result of tighter supply amid a rebound in demand, a drop in European gasoline imports and continued cargo diversions away from the region. This offset production efforts from East Coast refiners - all of them in the Central Atlantic region - which operated at 100.4% of nameplate capacity last week, the highest on record.

But so what? A New York shortage will hardly crippled the rest of the country?

Well, not so fast: as Bloomberg notes, low gasoline supplies in region can have an outsized global impact because New York Harbor is home to physical deliveries of futures contracts that underpin trade flows around the world. A fuel tanker moving from India to Brazil, for example, is likely priced against the New York futures benchmark. So shortages in this key region that cause prices to spike would also impact prices elsewhere.

Meanwhile, gas station fuel sales have been rising over the past few weeks, according to data from price reporting agency Opis and retail tracker Gasbuddy. The implied demand figure from the EIA has been far more volatile than usual in recent weeks (and prompted allegations of manipulation by the Biden DOE), but the latest weekly jump should help further bolster retail volumes.



Commenting on the recent absurd gasoline demand reports, Rabobank's Michael Every wrote the following:

You could hear the champagne corks fly wherever you were yesterday. After all, there was "zero US inflation" in July, as some put it. And that came after zero US recession, as some also put it, despite two consecutive quarters of negative GDP growth. And after a red-hot labour market report. And EIA energy data showing gasoline usage apparently well below 2020 levels despite all this non-recession and jobs boom, and even as refineries are working at incredibly high capacity levels, diesel stocks are low, and exports are also down. These are all numbers/claims worthy of champagne. Yet they make little sense taken together.

And speaking of diesel, supply there remains dire as well, with seasonal distillates stockpiles languishing at the lowest level ever since March in records going back to 1993. The tightness will start to be felt when the weather turns in two months. The US northeast is the only region in the country where the majority of home and commercial heating comes from burning fuel, and while it won't be hit as hard as Europe where a monthly electricity bill will hit 4 digits, it will still be hit very hard.
 

marsh

On TB every waking moment
It Is All According to Plan: The Elite Pigs Win, the Rest Lose! | Ep 201 28:44 min

It Is All According to Plan: The Elite Pigs Win, the Rest Lose! | Ep 201
Economic War Room Published August 11, 2022

George Orwell wrote "Animal Farm" to warn of the dangers of socialism. The book is banned by many totalitarian countries. The reason? The pigs took over and terrorized the farm. That sounds a lot like the elite pigs today. Need proof? Join Kevin Freeman in the Economic War Room as he exposes the pigs and their plan to control you.
 

marsh

On TB every waking moment
Michael Yon @MichaelYon
Aug 11, 2022 at 7:39pm
Hunger Stones are Showing again
As they do from time to time over the centuries.

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marsh

On TB every waking moment
Aug 11, 2022 at 5:19pm​
Islands Will Become Dangerous as Global Famine Evolves​
11 August 2022

Even giant islands such as the largest of Japan. Hawaii imports about 90 percent of food.

HOP will become intense. Human Osmotic Pressure. The Push and Pull of migration.

(UK)

Island’s biggest vegetable producer ceases deliveries

4 August 2022
ByNewsdesk


THE Island’s largest vegetable producer has made its final deliveries, ending a 135-year family farming tradition.

Woodside Farms has produced 80% of Jersey’s fresh vegetables for seven years, since Amal-Gro ceased operations in 2015, and was the main supplier of local produce to Waitrose and the Co-op, among others.

Owner Charlie Gallichan, a fifth-generation farmer, previously cited spiralling operational costs as the reason behind the decision to stop. He confirmed yesterday that deliveries had now ended but declined to comment further.
Jersey Farmers’ Union president Peter Le Maistre said Islanders would feel the loss. ‘Obviously, it reduces food security because we lost our biggest vegetable producer,’ he said. ‘There are others but they don’t have as wide a range or supply of veg.’

The Island will now be largely dependent on UK produce, he added, and may see shortages of fresh vegetables, particularly in the winter months.

‘Consumers will certainly miss the fact that it was Jersey produce in the winter months,’ he said. ‘Being an Island, you get days when the boat can’t go because of weather. When we are relying on imports, there will be points when foods are not available.’

Mr Le Maistre said the smaller, remaining producers would try to find ways to fill the gaps.

The news was met with ‘sadness’ by the Co-op, but the group also assured Islanders they would not see a difference on the shelves. ‘It is with great sadness that Woodside Farms has taken the decision to cease production,’ said chief retail officer Mark Crean.

‘The Channel Islands Co-operative Society has had a long and proud relationship with Woodside and we continue to support local trade wherever possible.

‘We’d like to reassure our members and customers that they will not notice any change to supply as a result of Woodside’s closure and our Society will continue to strive to secure the best offers in terms of range, value and quality for our members.’
 

marsh

On TB every waking moment

marsh

On TB every waking moment

marsh

On TB every waking moment
Former Asst. U.S. Attorney Reacts To AG Garland’s Statement 1:05 min

Former Asst. U.S. Attorney Reacts To AG Garland’s Statement
Just the News - Not Noise Published August 11, 2022
While AG Garland announced he’s preparing to release the Mar-a-Lago warrant, David X. Sullivan says the affidavit and warrant application are the documents that would really shed light on the FBI Raid of Mar-a-Lago: “I think that’s what people want to see… what congress wants to see and I’m sure that’s what President Trump wants to see.”
 

marsh

On TB every waking moment
(Canada and others)

Banks take the lead on climate change with carbon footprint credit cards 11:34 min

Banks take the lead on climate change with carbon footprint credit cards
Rebel News Published August 11, 2022
Financial institutions want to try to interfere in the lives of consumers by tracking their spending to urge people to reduce their carbon footprint.

Banks take the lead on climate change with carbon footprint credit cards
Financial institutions want to try to interfere in the lives of consumers by tracking their spending to urge people to reduce their carbon footprint.
This has already started in Sweden where MasterCard has launched a new credit card that tracks the carbon footprint of consumers on every item they buy and has a limit that must not be exceeded or the card will be blocked automatically.

This card is called Doconomy and is promoted on the World Economic Forum website. A card that — for the moment — is expanding in partnerships and that — for the moment — is still on a voluntary basis.

When we look at the Netherlands, political commentator Eva Vlaardingerbroek mentioned that the CEO of one of the largest Dutch banks is considering a carbon footprint portfolio option. A tool that once again will help governments and elites alike to be able to track the population as well as control them on their purchases.

A bank is an institution designed to hold your money and make sure your finances are safe. Under no circumstances should these various financial institutions interfere with the hard-earned money of citizens.
Will we see drastic changes in Canada?
 

marsh

On TB every waking moment
Ground Breaking: Italian Court Orders Analysis of Covid 'Vaccines' to Determine if 'Harmful' 3:38 min

Ground Breaking: Italian Court Orders Analysis of Covid 'Vaccines' to Determine if 'Harmful'
RAIRFoundationUSA Published August 11, 2022


Groundbreaking Ruling: Italian Court Orders Analysis of Covid 'Vaccines' to Determine if 'Harmful' (Video)

Amy Mek
August 11, 2022

“We have asked to ascertain how mRNA vaccines work since we are dealing exclusively with mRNA vaccines here and investigating whether the enzymes in mRNA vaccines can harm our health.” – Lawyer Nicoletta Morante

For the first time in Italy, a court in Pesaro ruled that the contents of mRNA vaccines must be investigated. The decision comes after a 50-year-old man who has already contracted Covid and does not want to undergo the vaccine to work. However, despite already having Covid, the man was suspended due to his ‘non-compliance’ after refusing to take the jab.

The Pesaro court accepted the request of the man’s lawyer, Nicoletta Morante, who had asked the judge for a lab analysis of Pfizer and Moderna’s Covid “vaccine” contents and its effects on a patient who has recovered from the infection and whether it is harmful in general to people’s health. Furthermore, the lawyer is questioning how the state can apply “informed consent to a case of mandatory vaccination”:

The first query is whether mandatory vaccination suits patients who have recovered from Covid. So firstly, we need to ask expert witnesses whether vaccinating the recovered is an appropriate medical practice.

The second query is based on my client’s research on non-human usage excipients contained in the vaccine. Moreover, based on a dossier that we had already prepared and of Dr. Ansovini’s technical consultancy, we have asked to ascertain how mRNA vaccines work since we are dealing exclusively with mRNA vaccines here and investigating whether mRNA vaccines or enzymes contained in mRNA vaccines, can be harmful to our health. Hence the request for technical assessment.

Let’s remind ourselves that there is also the peculiar issue concerning informed consent among the submitted queries. The informed consent form which the ASL [Regional Healthcare Service] of Marche asks people to sign, even in the cases of mandatory vaccination. Informed consent is something that usually applies to contracts. Because it usually sets out the contract terms.

So, applying informed consent to a case of mandatory vaccination is quite a contradiction. That is why we have submitted a request for court-appointed technical consultancy. And since it deals with a juridical matter, we will ask the judge to ascertain that too.

We want the court to examine the informed consent form in detail, which needs to be signed even in cases of mandatory vaccination.

The man at the heart of the civil case has already been cured of covid, yet his “freedom of movement was restricted at his job in an education facility in Italy because he did not want to get vaccinated. Moreover, since he falls within the age parameter and profession for which the vaccine was mandatory, he was also met by the “administrative sanction for violation of the vaccination obligation.”

In addition to “asking to establish whether vaccinating people who had recovered from Covid satisfies the proper administration of medicine,” the education professional wants to know “what proteins are present in the vaccines and whether they contain excipients for non-human use or are dangerous to people’s health,” a summary of the complaint read.

As part of the civil suit filed in Pesaro, Morante submitted medical professional’s research to support the man’s case. She included a medical researcher and virologist, Dr. Raffaele Ansovini, who believed that “mRNA vaccines do not fulfill the protective function for which they are injected.” The Doctor wrote that the mRNA vaccines “do not have the declared functional conformation,” and the immune response they generate “is ineffective.”

An analysis of enzymes in mRNA vaccines had already been done unofficially by Ansovini, who found the presence of about 25 substances not declared by pharmaceutical companies.

“Thanks to the advice of Dr. Raffaele Ansovini, the plaintiff already having healed from a Covid infection, unjustly [so we argue] limited in his profession and freedom of movement, as well as hit by administrative sanction for violation of the obligation to vaccinate, explained his concerns about the administration of mRNA vaccines, asking whether it corresponds to good medical science to vaccinate the healed,” the lawyer said.

Morante added: “We wanted to understand whether informed consent, which he would be obliged to sign, is compatible with compulsory vaccination if there are excipients for non-human use or harmful to health, or enzymes already found in analyses recently published in a US scientific journal at the bottom of Dr. Ansovini’s report, which had already been drafted for this judgment.”

The Pesaro court accepted the appeal and ordered the technical assessment on the analysis of the content of the mRNA vaccines. The analysis of pharmaceutical contents, which will focus on proteins, will probably begin towards the end of September.

Another case in Italy
This is not only the first case brought to the court by Morante with the request to investigate the mRNA injections. In Rovereto, Italy, Dr. Paolo Lisi, a dentist working in the area, was also suspended from clinical activity because he did not want to get vaccinated against Covid, reports Euro Weekly News.

Dr. Lisi, who will be back in court at the end of September, has asked for damages from the health authority and the Medical Association regarding the suspension from his profession. The Doctor said, “In addition to the analysis of vaccine products, we are asking for tests on the blood of vaccinated patients compared to the tests on the blood of non-vaccinated patients.”

Judge Giuseppe Barbato reserved the right to produce a recent Swedish study on vaccines after agreeing to a request from the dentist’s lawyer.

It seems that lawyer Nicoletta Morante has figured out that one of the more effective ways to fight against Covid oppression is to sue those who mandate the vaccine and force legal discovery when they are hauled into court. That’s the only way the contents of the mRNA “vaccine” will ever be publicly revealed, and the adverse effects of the jab will ever be forensically identified.
 

marsh

On TB every waking moment
INTERVIEW: Dutch dairy farmer explains the impact of government's radical green agenda 7:12 min

INTERVIEW: Dutch dairy farmer explains the impact of government's radical green agenda
Rebel News Published August 11, 2022

In this interview, Lewis Brackpool speaks to a fifth generation Dutch farmer to see if he really thinks these policies are about climate change or whether there is another agenda at play. What does he say to city people who say farmers should just go vegan? And what do he think will happen if the farmers demands are not met?


INTERVIEW: Dutch dairy farmer explains the impact of government's radical green agenda
A fifth generation Dutch farmer expresses his concerns about the current situation in the Netherlands due to Prime Minister Mark Rutte's overarching environmental policies: 'They need the land from the farmers, that's the cheapest way.'
In this report, I speak to a fifth generation dairy farmer who is concerned with the overreach by the Dutch government implementing radical green policies.

After a brief introduction with the farmer, I asked if he really thinks these policies are about climate change or whether there is another agenda at play? What does he say to city people who say farmers should just go vegan? And what does he think will happen if the farmers' demands are not met?

View: https://twitter.com/i/status/1557045609919651846
1:01 min

As you are aware, protests by farmers are underway across the Netherlands. In fact, these protests have been going on since 2019, when the Dutch government declared a nitrogen emission crisis, meaning that farmers would have to cut livestock by up to 50%. Emission caps mean that the farmers have to reduce fertilizer usage. There is also a continued worry of farmers having to give up their land to the state.

Fast forward to 2022 and the situation has escalated — the protests have grown substantially, with the government not backing down on their push towards the agenda's 2030 goals. The farmers are continuing to rally to show their discontent for the Dutch government and the World Economic Forum-pushed blueprints.

View: https://twitter.com/i/status/1557405443927982080
2:00 min

Therefore, for just a brief period of time, Rebel News headed back to the Netherlands to scope out the current situation with the farmers, and to see if tensions are still at a boiling point.
 

marsh

On TB every waking moment

marsh

On TB every waking moment

IRS Report Shows Heavily Armed Agents Simulate Assault On Suburban Home
The IRS 2021 annual report shows heavily armed agents simulate an assault on a suburban home.

Andrew White
Published 5 hours ago


In the Internal Revenue Service 2021 annual report, IRS Criminal Investigation special agents can be observed simulating an armed assault on a suburban home at the agency’s National Criminal Investigation Training Academy (NCITA), located within the Federal Law Enforcement Training Center (FLETC) in Brunswick, Georgia.

According to the IRS, these IRS-CI agents are “are among the most highly trained financial investigators in the world” and train for 6 months.

While training at the NCITA, new IRS-CI special agents begin an 11-week Criminal Investigator Training Program (CITP) run by FLETC, where they learn firearms training and other traditional law enforcement tactics.

“CITP covers topics common to all federal law enforcement agents, including basic criminal investigation skills, federal criminal law, courtroom procedures, enforcement operations, interviewing skills, and firearms training,” the IRS report states.

While conducting firearms training, IRS-CI special agents wear tactical clothing that reads “POLICE” and “IRS-CI.”

IRS-CI Special Agents Firearms Training – IRS 2021 Annual Report
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IRS-CI Special Agents Firearms Training – IRS 2021 Annual Report

“Following CITP, new special agent trainees take a 14-week NCITA Special Agent Investigative Techniques (SAIT) course. The SAIT program trains new agents in tax law, evidence gathering, interviewing, report writing, methods of proving unreported income, and money laundering violations,” the report continues.

Among various photographs of armed IRS-CI special agents include one that depicts them raiding a suburban home, with guns drawn.

“It also provides physical fitness conditioning and use of force training, which includes firearms, weaponless tactics, and building entry,” the annual report reads.

“In addition to SAIT, NCITA assists in providing advanced training to special agents in use of force, firearms instruction, defensive tactics, and building entry.”

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IRS-CI special agents simulate armed assault on suburban home – IRS 2021 Annual Report

IRS-CI Special Agents Firearms Training – IRS 2021 Annual Report

Screen-Shot-2022-08-11-at-4.23.42-PM-300x193.jpg

IRS-CI Special Agents Building Entry Training at Phoenix Field Office – IRS 2021 Annual Report

“IRS:CI special agents receive regular refresher training. They attend quarterly training in firearms, defensive tactics, and building entry,” the report reads.

“Through frequent use of force training, they maintain their skills and abilities to ensure good judgement and to apply the appropriate degree of force necessary to safely carry out enforcement activities, including issuing search warrants, arrests, surveillance, dignitary protection, undercover activities, and seizures.”

Read the full 49-page long IRS 2021 annual report here.

The Biden administration and Democrats have recently come under scrutiny over their “Inflation Reduction Act,” which allocates nearly $80 billion to the IRS, with $45.6 billion going to “enforcement.” Among other provisions in the controversial spending bill include an additional hiring of 87,000 more IRS agents.

The administration, along with Democrats who support the bill, insist that the newly expanded force of IRS agents will not target lower and middle class Americans with audits, but instead the rich, who are vastly outnumbered by everyone else.

However, some have noted that over 75% of IRS audits targeted Americans making under $200,000 per year.
 

marsh

On TB every waking moment

The CDC is Finally Throwing the White Flag on Covid-19 Regulations
The Centers for Disease Control and Prevention is in full retreat on Covid-19 restrictions, over two years into a pandemic that has reached endemic stage and after 99% of Americans have survived with natural immunity from prior infection.

The CDC on Thursday “loosened many of its recommendations for battling the coronavirus, a strategic shift that puts more of the onus on individuals, rather than on schools, businesses and other institutions, to limit viral spread,” the Washington Post reported.

“No longer do schools and other institutions need to screen apparently healthy students and employees as a matter of course,” the report added. “The CDC is putting less emphasis on social distancing. Its quarantine rule for unvaccinated people is gone. The agency’s focus now is on highly vulnerable populations, and how to protect them — not on the vast majority of people who at this point have some immunity against the virus and are unlikely to become severely ill.”

“The current conditions of this pandemic are very different from those of the last two years,” CDC epidemiologist Greta Massetti said Thursday in a press briefing.

“When considering whether and where to implement screening testing of asymptomatic people with no known exposure, public health officials might consider prioritizing high-risk congregate settings, such as long-term care facilities, homeless shelters, and correctional facilities, and workplace settings that include congregate housing with limited access to medical care,” the CDC wrote in a report on the changes.

“I think the question is, is the CDC finally saying, ‘Look, we’ve done what we can do to contain the most acute phases of this pandemic,’ ” said Jeanne Marrazzo, an infectious-diseases expert and clinician at the University of Alabama at Birmingham. “So are they just finally saying that it is time for us to sort of take a step back and think about putting this back to the individual person?”

The more relaxed guidelines are “a concession to realism, to the way that a lot of people are handling this,” added William Hanage, an epidemiologist at the Harvard T.H. Chan School of Public Health.

“The revision by the CDC of its coronavirus guidance is the most significant move by the agency since the massive outbreak of infections from omicron last winter,” the Post notes.

Dr. Nicole Saphier did a review of the CDC’s changes.

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“A big update from @CDCgov today is the CDC recommendations no longer differentiate based on a person’s vaccination status – acknowledging breakthrough infections are common, and taking natural immunity into consideration,” Dr. Saphier noted.

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“The CDC no longer recommends people quarantine themselves following exposure to someone with Covid-19,” she added. “They have also removed the social distance recommendation of staying at least 6 feet away from others. Both actions are overdue but important heading into the school year.”

She also noted that the rationale behind the Covid vaccine mandates has now been completely gutted.

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“Now that the CDC no longer differentiates between Covid vaccinated/unvaccinated individuals, every employee fired for being unvaccinated should be given their job back with a formal apology and backpay,” she said.

The Biden administration is thus finally adopting the common sense policies that were put into place by governors like Florida’s Gov. Ron DeSantis. This is the CDC waving the white flag on Covid-19 ahead of the midterm elections.
 

marsh

On TB every waking moment

Huckabee: Expanded IRS Audits Will Target Pro-life, Christian, Conservative Nonprofits

By Susan Jones | August 11, 2022 | 8:44am EDT

(CNSNews.com) - The Biden administration insists that hiring 87,000 new IRS agents will not increase the current audit rate of taxpayers earning less than $400,000. It's the wealthy tax evaders they say they'll go after.

Nonsense, said Rep. Jim Jordan (R-Ohio) and former Arkansas Gov. Mike Huckabee, who appeared together on Fox News Wednesday night. Both men agreed that the IRS will go after conservative nonprofits and people who don't use accountants to do their taxes:

"What's going to happen is the low-hanging fruit is what gets picked first, and that's the people who file their own tax returns," Huckabee said:

https://cdn.mrctv.org/videos/101647/101647-480p.mp4 2:28 min
"People who if they do get audited are basically going to throw up my hands and say how much do I have to pay to get this to go away.
"You're exactly right, Joe Biden can say all day long that he's going after billionaires and the rich people. But as you pointed out, the really wealthy people of America have rooms filled with lawyers and accountants and their job is, first of all, to file the tax returns appropriately to begin with. These are not people who try to cheat the taxes, it's not worth it.
"The second thing, if they do get audited, they know how to fight. But the guy down at the bottom doesn't. So this is going to be just a nightmare.
"And I'll tell you, one of the groups that needs to be careful, all these nonprofit who are pro-life Christian and conservative, it will be Lois Lerner all over again targeting these people because they don't have rooms filled with lawyers and accountants."
Rep. Jordan agreed with Huckabee:

"Fifty pro-life crisis pregnancy centers have been attacked over the last 14 weeks.
They're going to be attacked now -- I mean, they've been assaulted, graffiti, all kinds of things. They're now going to be, as you pointed out, the ones who are going to be visited by these tax bureaucrats at the IRS."

The authority to hire 87,000 additional IRS agents is found in the Democrats' so-called Inflation Reduction Act, which passed the Senate and looks likely to pass the House on Friday (more than a hundred lawmakers will call in their votes remotely).

Jordan said there's a "slim chance" it won't pass the House, but "I think it's unlikely."
"But let's hope we can stop it, because...87,000 agents going to use your tax money to come after you, the taxpayer. And understand who these people are going to be. We know they're going to be left-wing bureaucrats. They're probably not going to have to pay $5 to drive into work like everyone else does because they're going to work remote and go after the very people who do bust their tail and do have to go to work, who can't zoom it in and remote work.
"Talking about the teacher who has the side business in the summer painting houses. That's who they're coming after. Or the mom and dad who got the hardware store, that's who they're coming after, and everyone knows it."
 

marsh

On TB every waking moment

Producer Prices Up 9.8% as Inflation Eases Slightly

JOHN CARNEY11 Aug 20221,433

Prices charged by U.S. businesses were up 9.8 percent in July compared with a year ago, the smallest 12-month gain this year.

The Department of Labor said Tuesday that its Producer Price Index for final demand fell 0.5 percent in July compared with a month earlier, largely because gasoline and oil prices fell. This was the first month-to-month decline in more than two years.

Economists had expected an annual rise of 10.3 percent and a monthly increase of 0.3 percent. Last month, the Producer Price Index was up 11.3 percent compared with June of 2021 and 1.1 percent compared with the prior month.

The Producer Price Index hit a record high year-to-year of 11.6 percent in March.
Excluding foods, energy, and trade services, producer prices moved up 0.2 percent in July, a deceleration from the 0.3-percent rise in June. For the 12 months ended in July, the index for final demand less foods, energy, and trade services increased 5.8 percent, a slowdown from the 6.4 percent annual gain in the prior month.

The index for final demand goods—ready-to-use products sold to consumers, businesses, and governments—fell 1.8 percent in July, the largest decline since moving down 2.7 percent in April 2020. That decline can be traced to a 9.0-percent drop in prices for final demand energy. Excluding energy, prices of final demand goods rose 1.0 percent. Excluding food and energy, prices were up 0.2 percent.

The government said eighty percent of the July decline in the index for final demand goods is attributable to gasoline prices, which fell 16.7 percent.

Services prices also rose in the month, driven up by expanding margins for wholesalers and retailers—referred to as “trade services” in the government data—and higher prices for warehousing and transportation services. Trade services margins expanded 0.3 percent. Warehousing and transportation prices rose 0.4 percent. Excluding trade, transportation, and warehousing, service prices fell 0.1 percent.

The Producer Price Index (PPI) is sometimes inaccurately described as an inflation index for wholesale prices. Although it was once called the wholesale price index, it has never been focused on wholesale prices. Instead, it is constructed by looking at what businesses that produce goods and services in the U.S. were paid for goods and services, while the better-known Consumer Price Index measures what consumers paid and includes both imports and a stand-in for home ownership called owners-equivalent of rent that isn’t counted in PPI.

“The Wholesale Price Index (WPI) was the name of the program from its inception in 1902 until 1978, when it was renamed the Producer Price Index,” the Bureau of Labor Statistics explains on its website. It explains that: “the term Wholesale Price Index was misleading in that the index never measured price change in the wholesale market.”

The PPI measures prices both for various stages of intermediate demand, businesses selling to other businesses, and final demand, which measures domestic producers selling goods and services to domestic end-users, typically government agencies, consumers, or businesses. The widely reported headline number for PPI is the final demand figure.

The PPI excludes import prices, which are paid to foreign producers, and doesn’t count sales taxes, since those are paid to state and local governments. It also includes export prices, which are excluded from CPI because they are paid by non-U.S. consumers.

The target set of goods and services included in the PPI is the entire marketed output of U.S. producers. This includes goods, services, and construction products purchased by other producers as inputs to their operations or as capital investment, goods and services purchased by consumers either directly from the service producer or indirectly from a retailer, and products sold as export and to government.

The CPI looks at the set of goods and services purchased for consumption purposes by urban U.S. households, excluding business purchases for capital investment or as inputs to products, government purchases, and exports. The CPI also excludes prices not paid directly by consumers, such as medical bills paid for by government programs or insurers, that are included in PPI.
 

Sweetwood

Senior Member

A Taste of Armageddon
Why there is no chance of civil war or revolution in the developed world.

Sherman McCoy
Aug 28, 2021

Introduction
Many in the US political sphere seem convinced that we are on the verge of an apocalyptic moment.

On the left, outlets like Jacobin like to point out that income inequality is at the highest it’s been since 1917 — the implication, of course, being that 1917 was the year when the Bolsheviks overthrew Nicholas’s Russia and founded the Soviet Union1. On both the left and right, outlets like the Vice2 and The Federalist3 wonder if the highly polarized political environment will boil over into a second civil war.

Both the left and right have their own narratives about what will lead to the conflict. Those on the socialist left who adhere to the theories of historical materialism believe we must be in the “late stage” of capitalism, and that the transition to socialism is inevitable. There are those on the right who think the culture war will eventually turn violent.

Both of these narratives are completely wrong. The risk of sustained, multi-year civil conflict with occupied territory and frontlines in the US, or any similar country, is nil.

Portrait of the American Normie
If you’re reading this, you probably care about politics. You probably voted in your country’s previous election. If you’re an American, you probably not only voted in the 2020 presidential election, but also voted in the 2018 midterms, and plan to vote in the 2022 midterms. You also probably check the news every day, talk about politics on Twitter, and watch cable news every now and then.

If you’ve done all of these things, that makes you, and I, very weird people.

Most people are not politically engaged. The median voter turnout for the past few American presidential elections is 55%. The talk of Red America versus Blue America misses the third, and largest, group: Did Not Vote America.

Even among the half of Americans who do vote, only a minority of them are truly politically engaged. Fox News likes to boast that it is the number one cable news network. Democratic politicians and pundits bemoan how Fox News is poisoning the minds of malleable voters. But being the number one cable network is like being a small fish in a big lake. There seem to be 60M reliable Republican voters in the United States. Fox News’s average ratings for 2021 appear to be somewhere around 1.25M4, roughly equal to CNN and MSNBC combined.

Ratings for Fox News tend to spike whenever there is an election or inauguration, and were through the roof throughout the coronavirus pandemic and 2020 election. But before Biden, 1.5 million seems to be the average viewership for Fox, and since Biden, the number seems closer to 1.25 million.
On a normal day, the entire market for American cable news is 2.5M people. For comparison, three million people watched the eleventh season premiere to the beleaguered zombie show The Walking Dead5.

It’s worth noting that Fox News’s and CNN’s viewers probably vary throughout the week. Anderson Cooper might get half a million viewers on Monday and Tuesday, but the intersection of the Venn diagram for those viewers could be quite narrow. 38% of Americans say they watch cable news “some of the time” according to Pew. But the number of people who watch Fox or CNN consistently is probably quite low6.

For those Americans who do vote, following politics typically comes not from watching Tucker Carlson or Rachel Maddow, but rather the five-minute segment about what’s happening in Washington during their local evening news, before the coverage of the weather and high school sports.7 71% of Americans watch their local news, and spend less time watching the local news than dedicated cable news junkies spend watching their networks.

The average American “normie” does not care about politics because they’re too busy. They don’t watch Tucker Carlson because they’re helping their son with math homework. They don’t talk about corporate tax rates on Twitter because they have to make sure Sally gets to ballet class on time. Why would a civil war or revolution be on their minds?

The Average Would-Be Revolutionary
Throughout history, people leading revolutionary movements fit a certain profile:

They were born to an upper-class, or middle-class household.

They are well-educated. They’ve certainly gone to college, and there’s a good chance they’re a lawyer.

They’re typically young when the revolutionary fervor begins, usually between the ages of 21-39.

This profile could fit America’s Thomas Jefferson, France’s Maximilien Robespierre, Russia’s Leon Trotsky, or Ireland’s Michael Collins. It also fits the leaders of 20th-century terrorist factions well, including the Weather Underground’s Bill Ayers and the Irish Republican Army’s Gerry Adams and Martin McGuinness.

None of these people are the normies we’ve discussed earlier. Since more than half of US adults do not have a college degree and since about half are over the age of forty, being a young college-educated person actually makes you somewhat weird.

Both the French Jacobins of the 1790s and American Weather Underground of the 1970s styled themselves as freedom fighters. But the French Jacobins were able to raise an army of peasants, and membership of the Weather Underground is estimated to have peaked at around 600 mostly college-educated people. Why did one group succeed in convincing normies to take up arms, and the other fail?

The answer is simple: living standards. Before the French Revolution, France was in a terrible recession as it tried to recover the costs of supporting the American Revolution in its quest to undermine its rival, Great Britain. But Britain’s government debt was even worse than France’s.

Why did France revolt, and not Britain? France just had a terrible famine, while everyone in Britain was well-fed. Robespierre’s talk of “liberty, equality, brotherhood” to his army of normies mostly went over their heads — they really wanted food in their empty stomachs. This is why the USA, after the tense decade of the 1960s, ultimately did not erupt in a civil war: living standards were too high.

We now live in a world of material abundance. At the turn of the twentieth century, the cultural understanding of wealth was the “fat cat” — an old man in a suit who was fat because he could eat whenever he wanted. The opposite is true today. The poorer you are, the more likely you are to be obese. Today, the rich don’t use their wealth to eat more — they use their wealth to buy Pelotons and yoga classes to burn off their excess calories they accumulate at their foodie brunches. This would have been unthinkable a hundred years ago.

For this reason, I rate the odds of a sustained civil war or revolution in the USA as being effectively zero.

Domesticated Humans
In an article for the Washington Post, Richard Hanania observed that rich countries typically don’t have civil wars8. I agree, and would actually take the proposition further: the violence of civil unrest is inversely proportional to how wealthy the country is. The more materially comfortable people are, the less violent they become. I do not have enough statistics to rigorously prove this claim, but I do have some data points:

Syria currently has a GDP per capita of around $3,000, and is in the midst of a real, shooting civil war.

In Ukraine, with a GDP per capita of $10,000, there is currently a shooting war in the Donbas region. But strangely enough, not everyone seems to care about it. Life goes on as normal there.9

When the US experienced left-wing terrorist bombings in the 1970s, the country had an inflation-adjusted GDP per capita of around $35,000.

At the near-midpoint of the Troubles (1990), the Republic of Ireland had an inflation-adjusted GDP per capita of $30,000, very similar to that of the USA in the seventies. The violence in Ireland was also quite similar to that in the USA in the seventies: irregular, random bombings.

The present-day GDP per capita of the United States is $65,000. Now that we are twice as rich as we were in the seventies, what form will civil unrest take?

In 2020, the USA saw the most significant nationwide violence since 1968. Entire cities went up in flames. The White House went dark as they rushed the President into the bunker. If you’re my age, the 2020 riots were unlike anything you’ve seen before. But the 2020 riots, believe it or not, were less violent than the 1968 riots10. At least 85 people were killed in 1968. The consensus for 2020 appears to be nineteen11. Some say a biased press could be undercounting deaths from 2020’s civil unrest, but for it to be worse than 1968, it would have to be off by a factor of six: 4 for the deaths themselves times 1.5 because the US has 50% more people in it today.

A year later, you would expect there to be large protests, and perhaps riots, on the anniversary of George Floyd’s death. And yet, there was no looting in 2021. What changed between 2020 and 2021? In the summer of 2020, America was in the midst of a government-mandated economic depression. Bored and unemployed young people are a poor predictor of social stability. When the lockdowns ended after the vaccine was released, people stopped being bored and unemployed, and thus were not susceptible to violence.

Bread and Circuses
As long as people have written about politics, people have observed that governments can use “bread and circuses” to distract and pacify the population. Today, we have bread and circuses down to a science.

In the 1970s, television was the American public’s favorite toy. But there were only four channels: NBC, ABC, CBS, and PBS — and maybe a fifth channel in some markets. Because the window for content distribution was so “narrow”, networks had no choice other than to tailor all of their programming for the median viewer. No such limits exist today. There is a practically unlimited amount of content on the Internet, all personally tailored to you by advanced algorithms.

Our modern understanding of biology, chemistry, and neurology allows us to design bread and circuses like never before. Beverage companies have found chemicals that taste like sugar but with none of the calories. Tech companies design their apps to give their users dopamine hits the more they use them. Cannabis will inevitably be legal for recreational use in the whole USA, and already is in Canada.

As I write this, I am thinking of a TikTok I saw recently featuring an androgynous couple, where one person would randomly feed her (?) boyfriend (?) snacks. Each time she randomly and without warning handed him a snack, he would stop his video game and consume the snack with almost euphoric enthusiasm. This is an effective visual representation of our economy — geared to produce an endless stream of consumer products scientifically designed to release pleasing chemicals in our brains.

A Taste of Armageddon
Every now and then, you’ll see a headline saying something like “the US is as divided as it was in the 1860s. Are we headed for another civil war?” Yes, the US is heavily divided right now. Americans are geographically sorting themselves by party like never before. Many report that they have no friends of the opposite political persuasion. But as long as the population has hot showers and three meals a day, there will be no frontlines or occupied territory in the USA like there is in Syria.

It is my belief, that I cannot prove, that would-be Weathermen bombers of today are exhausting their political fervor through heated internet arguments on social media. In other words, the Second Civil War is happening, but happening entirely online. If the US was as (un-)developed as it was in 1776 or 1860, it’s possible this political situation could have boiled over into a real, shooting war in 2020. But since the US is so rich and comfortable, the average citizen will not want to mess that up.

Unlike real wars, where one side capitulates after suffering death and destruction, there is no real damage caused by online flame wars, and therefore, no incentive for the “war” to end. Ergo, I do not believe that the current political fault lines of the USA will ever be resolved, through either violence because it’s unlikely, or through the political process, since neither side is going away anytime soon. Even as far into the future as 2100, political factions resembling today’s Republicans and Democrats could be yelling about very similar culture war issues.

As an aside, this is why the Afghanistan War was able to last for twenty years — because it was less violent than previous wars. Twenty thousand Americans were killed in the Battle of Normandy alone, but seven thousand US servicemen and military contractors were killed in the whole Afghanistan War12. The advent of the drone means fewer US soldiers and pilots are put in harm’s way. Of those soldiers who are deployed to the frontlines, better medical technology turns would-be KIAs into living Purple Hearts. We wind up seeing fewer coffins covered in the Stars and Stripes than we did in Korea or Vietnam, and this is what the US electorate finds least attractive about going to war. This is why I expect future US wars to resemble Afghanistan in both length and character — and I say this as someone who leans towards anti-interventionism.

Concluding Thoughts
There’s another trend working against the specter of political violence in the developed world. Recall that most would-be revolutionaries are young people. Most people who commit violent crime are also young people. Older people with skin in the game, who have families and own homes, typically do not want to take on the risk of toppling the government unless there is a total collapse of living standards.

The average age in the developed world is increasing, and shows no sign of stopping. In 1970, the median American was 28 years old. Today, the median American is 38 years old13. The fewer young people there are, the less would-be revolutionaries there are too.

My personal opinion — I think the impossibility of a second civil war or revolution is a good thing. Anyone who thinks we are headed towards a civil war is delusional. Anyone who wants a civil war to happen in a country with nuclear weapons is insane.
I feel like they left out an important part of the authors title…. Special Agent, Sherman McCoy.
 

marsh

On TB every waking moment

anet Yellen Begs IRS Not to Target Middle-Class Americans After Democrats Greenlight Audits

JOHN BINDER11 Aug 2022479

President Joe Biden’s Treasury Secretary Janet Yellen is now begging the Internal Revenue Service (IRS) not to target working and middle-class Americans after Senate Democrats voted down a measure that would have banned such practices.

On Sunday, Senate Democrats passed the “Inflation Reduction Act” which includes $80 billion for the IRS to conduct widespread “enforcement” and “criminal investigations” via audits into American taxpayers.

Democrats, on a party-line vote, voted down Sen. Mike Crapo’s (R-ID) amendment that would have banned any of the new IRS funds from being used to target Americans earning less than $400,000 annually. Crapo said the amendment ensured that President Joe Biden would not break his promise to not raise taxes on Americans earning less than $400,000 a year.

Instead, Democrats tried to include language that only suggested the IRS not to go after working and middle-class Americans with more audits — vowing “nothing in this subsection is intended to increase taxes on any taxpayer with a taxable income below $400,000.”

That language though, Breitbart News is told by officials on the Senate Finance Committee, was taken out of the finalized version of the bill. Now, the bill includes no requirements, or even suggestions, that the IRS not target working and middle-class Americans.

Yellen, as a result, has written a letter to the IRS Commissioner pleading with the agency not to go after Americans earning $400,000 or less annually.

“Specifically, I direct that any additional resources … shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels,” Yellen wrote.

Already, White House Council of Economic Advisers member Jared Bernstein has said the administration cannot guarantee that no Americans earning under $400,000 a year will be audited by the IRS with the new funds.

This statement contradicted White House Press Secretary Karine Jean-Pierre who said there would be no new IRS audits of Americans earning less than $400,000.
 

marsh

On TB every waking moment

Breitbart Business Digest: Gas Station Profits Rose While Prices Crashed, A Big Greedflation Fail
JOHN CARNEY11 Aug 20223

Remember when greed was allegedly driving up the price of gasoline?

At least as far back as November of 2021, President Joe Biden was claiming that gas station owners were overcharging motorists for gasoline. Secretary of Energy Jennifer Granholm has complained about a “disparity” between gas prices and oil prices. Senator Elizabeth Warren (D-MA) and some fellow Senate Democrats proposed a windfall tax on oil companies. As recently as last month, President Biden implied gas station owners were being unpatriotic by not bringing down prices. Countless Democratic politicians said profit grabbing was behind high prices.

So what happened in July as gas prices crashed 16.7 percent, according to the Producer Price Index released Thursday? Did the gas station owners suddenly become less greedy? Had Biden convinced them to lower the price they charged at the pump to “reflect the cost you’re paying for the product?” Did reduced greed bring down the price of gas—and therefore the overall level of inflation?

Not quite. The Producer Price Index not only tracks prices paid to businesses for goods and services, it also tracks the mark-ups charged by retailers and wholesalers. What’s the difference? When a cabinet maker buys wood from the mill, we can track the price of the milled wood. That goes into the Producer Price Index under the lumber index. Looking these up in the tables created by the Bureau of Labor Statistics, we can see that hardwood lumber fell 1.4 percent in July, the second straight month-to-month decline, and is up 5.3 percent compared with a year ago. The price of the cabinets gets reported under the household furniture category, up 2.2 percent compared with June and 12.3 percent compared with a year ago. This is all a pretty straightforward tracking of price changes.

What happens when a cabinet gets sold to the wholesaler or retailer? The price is typically increased even though nothing more is added. The government attributes this market to a service it calls “trade services.” Instead of measuring the price charged, which is what the rest of the Producer Price Index measures, it tracks the change in the margin. To carry through with our example, in July the index for furnishing wholesaler trade services rose 2.3 percent. Compared with a year ago, it is up 21.3. The index tracking retail trade services for the furniture business actually slipped one-tenth of a percent in July but is up a massive 30.8 percent from a year ago.

So what happened to gas station trade services while the price of gas was crashing? In July, the margins of gas retailers soared 12.3 percent. That is four times as much as the three percent rise in June, when gas prices were hitting record highs. The May surge in gas prices saw margins fall 21.2 percent. In other words, rising prices of gasoline are not caused by overcharging, and falling prices are not the result of gas station owners charging prices closer to what they pay.

In fact, history suggests the opposite. Gas station profits tend to improve as prices fall rather than due to gouging when prices are rising or already high.

fredgraph.png


Food Inflation Matters a Lot
Speaking of the Producer Price Index, the Bureau of Labor Statistics said on Thursday that this measure of inflation fell 0.5 percent in July compared with June. While critics of the administration have focused on the fact that year-over-year inflation figures are still sky-high, the July monthly figures in the Producer Price Index should not be overlooked. They are the most recent data when the annual figures are really just a collection of what we already knew.

So what do they tell us? The headline figures—unchanged for CPI and down 0.5 percent for PPI—are not really new information because they mainly reflect something else we know: gasoline prices are down by a lot. The CPI index for all items excluding energy rose 0.4 percent, indicating that prices continued to rise in the month. The PPI index for final demand excluding energy was up 0.2 percent, and the index for final demand goods minus energy was up 0.4 percent.

A big driver of these numbers was food. The CPI index for food at home rose 1.3 percent in July. The consumer food index in PPI rose two percent. Both numbers were above the June figures, showing that food inflation accelerated in July. The annual figures, by the way, were up the most since 1979 for CPI and 1974 for PPI.

Three years ago, a working paper for the National Bureau of Economic Research—the folks who get to tell us when a recession officially begins and ends—found that consumers base their outlook about future prices on trends they see while grocery shopping. Using information from a survey of 90,000 households about the prices and quantities of non-durable goods in each household’s consumption basket, the researchers found that expectations of future inflation varied substantially with the household’s exposure to different grocery-price changes. The price changes that most influenced inflation expectations were “those goods households purchased frequently, such as milk and bread, rather than the goods on which households spent a larger part of their budget, which is the implicit underlying assumption in most aggregate measures of inflation such as the core CPI.”

The most recent consumer price data tells us that milk prices rose 0.1 percent in July and are up 15.8 percent for the year. Bread prices jumped 2.8 percent and are up 13.7 percent for the year. Breakfast cereals rose two percent in July and are up 16.4 percent since a year ago.

fredgraph.png


If the NBER study is correct—which we suspect it is—then consumers are likely to look past the July headline and core CPI numbers and expect a lot more inflation to come.
 

marsh

On TB every waking moment

Koch Network: ‘Clock Is Ticking’ for Congress to Pass Amnesty for Illegal Aliens Before Midterm Elections

JOHN BINDER11 Aug 202291

The billionaire Koch brothers’ network of donor-class organizations is lobbying members of Congress to pass an amnesty for illegal alien farmworkers ahead of the November midterm elections.

Last week, executives from the Koch-funded Libre Initiative joined officials from former President George W. Bush’s administration as well as farm owners to ask Republicans and Democrats to pass the Farm Workforce Modernization Act — an amnesty for as many as 2.1 million illegal aliens working on United States farms.

In a news release, Libre Initiative executives wrote that passing the amnesty plan is vital ahead of the midterm elections where Republicans are poised to sweep seats in the House and Senate.

“As a coalition member of [Alliance for New Immigration Consensus], immigration is a tough challenge we have set out to address,” Libre Initiative President Daniel Garza said:
Congress right now has a rare opportunity to take bipartisan action that helps farmers, such as the Farm Workforce Modernization Act. But the clock is ticking. Our coalition seeks to encourage Congress to act now, hash out the last remaining sticking points, and finally take action to address the serious labor shortage.” [Emphasis added]
Thanks to a tightened U.S. labor market, hourly wages for farmworkers have risen in recent years after decades of stagnation. Federal data shows that in 2021, field and livestock workers’ wages grew 6.5 percent from $14.62 an hour in 2020 to $15.56 an hour in 2021.

Even as Senate and House Republicans negotiated the amnesty plan last month with Democrats, the measure ultimately is likely to fail.

House Minority Leader Kevin McCarthy (R-CA) has repeatedly said he will not bring any amnesty plan to the House floor if Republicans take back the chamber following this year’s midterm elections.

Last year, as Breitbart News reported, 30 House Republicans helped Democrats pass the farmworker amnesty which ultimately stalled in the Senate. Rep. Elise Stefanik (R-NY), the House GOP Conference Chair, was one of those 30 Republicans.

In 2013, Congressional Budget Office (CBO) analysis stated that the “Gang of Eight” amnesty plan would “slightly” push down wages for American workers.

A 2020 CBO analysis stated, “Immigration has exerted downward pressure on the wages of relatively low-skilled workers who are already in the country, regardless of their birthplace.”
 

marsh

On TB every waking moment
(Comment: Watch this number grow as resources become scarce, cartel crime increases along with immigrant entitlement against the middle class, subsidies for immigrants crash social programs and competition for survival increases.)


A plurality of Americans say immigration is making the country “Worse off.”

The polling data reveals a large 28-point shift since late 2019 in public judgment about the value of the government’s decades-long policy of pulling economic migrants into Americans’ society.

Thirty-five percent of the respondents said immigration makes the United States “Worse off,” while 31 percent said immigration makes the U.S. “Better off,” according to the July 23-26 poll of 1,500 citizens.

“The number of Americans who believe that immigration has made the United States worse off has nearly doubled in less than three years, while the percentage who thought it made America better off dropped by nearly a quarter,” noted Andrew Arthur, a former immigration judge who now works with the Center for Immigration Studies. He added:
What could account for that change? The most obvious explanation is [President Joe Biden’s] migrant surge that has created a national-security and humanitarian catastrophe at the Southwest border.
In a prior YouGov poll in September 2019, the “Worse off” number was 19 percent, and the “Better off” number was 43 percent.

The 2019 to 2022 turnaround adds up to a 28-point shift in views.

In both polls, 37 percent picked “Not sure” or “Doesn’t make much difference.”


YouGov.com

The same pro-American shift is seen in other polls as Biden open the southern border to a huge wave of roughly two million migrants. That wave is pressuring down Americans’ wages, pushing up their rents, and reducing workplace investment.

For example, Gallup reported on February 8 that just 27 percent of Americans want immigration raised, while 38 percent want migration reduced. That is a 12-point shift since January 2019, when those numbers were almost level at 30 percent and 29 percent.

An April 2021 survey by the pro-migration Bipartisan Policy Center found a 19-point shift from a 2020 poll. “The share of adults who say immigrants hurt the United States’ long-term economic recovery from COVID-19 has increased from 25% to 40% (+15%) since May of 2020,” the center said. The “help” numbers dropped from 28 percent to 23 percent.

The YouGov poll showed that Hispanics split evenly — 32 percent for “Better off” and 30 percent for ‘Worse off.”

YouGov’s top-line numbers also show the deepening polarization between President Joe Biden’s corps of pro-migration progressives and the GOP’s expanding base of American-solidarity voters.

For example, YouGov asked respondents if they would “Support More Immigration — Even if it means it is harder for other workers to get raises.”


YouGov.com

Fifteen percent of all respondents said they would “strongly” back wage-cutting migration. That 15 percent included 23 percent of Democrats, 28 percent of liberals, and 23 percent of voters who backed Biden in 2020.

In contrast, wage-cutting migration is backed by just nine percent of Republicans, eight percent of conservatives, and seven percent of Trump’s 2020 voters.

On the other side of the issue, 23 percent of all respondents strongly oppose wage-cutting migration.

That “strongly oppose” group included just 20 percent of Democrats, nine percent of liberals, and 12 percent of Biden voters.

But it also included 40 percent of Trump voters, 39 percent of Republicans, and 38 percent of conservatives.

The”strongly” numbers are politically important because they suggest that the issue shapes the voters’ voting choices.

If GOP dares to try, there is plenty of opportunity for the GOP to grow the “strongly oppose” numbers by pushing a pocketbook message against immigration to the “somewhat oppose” and “somewhat support” subgroups.

For example, the potentially gettable “Somewhat support” group includes 24 percent of all respondents, 24 percent of independents, and 20 percent of Democrats.

The weak “somewhat support” cohort could also be shifted by a pocketbook pitch. That group includes 21 percent of all voters, 29 percent of Democrats, and 18 percent of independents.

But threats from deep-pocketed donors have caused GOP leaders to deny any recognition of migration’s pocketbook costs.

The leaders’ defensiveness coexists with their eagerness to talk about the pocketbook damage of inflation and wages. For example, GOP’s chairwoman, Ronna McDaniel conspicuously dodged any mention of migration’s pocketbook costs in her August 10 article touting the GOP’s 2024 convention in Wisconsin:

From skyrocketing prices, to rising violent crime and deadly drugs pouring through an open border, to indoctrination in our kids’ classrooms, Democrats have let the American people down at every turn.
Republicans offer a different vision. We want to cut your taxes, not raise them, and we will unleash American energy to drive down costs at the pump. We will always support our police, hold criminals accountable and give law enforcement the tools they need to keep our communities safe. We want parents to have a role in their kids’ education and to ensure that young students aren’t bombarded with radical and inappropriate curriculum.
But she did include a pro-migration dog-whistle to her party’s donors:
Above all, Republicans celebrate America because we understand that this nation is — and always will be — the shining city on the hill that the rest of the world looks to as an example of freedom and opportunity.
In the YouGov poll, the respondents’ income did not shape the “strongly” answers to the question about wage-cutting migration.

For example, people who earn under $50,000 per year split 15 percent “Strongly Support” vs. 25 percent “Strongly Oppose” when asked about wage-cutting migration. The support and opposition numbers were exactly the same among the Americans who earn $100,000 or more.

But the poll showed sharp divisions between blue-collar and white-collar respondents.

Wage-cutting migration was strongly supported by 9 percent of white K-12 graduates and by 16 percent of white college grads. It was strongly opposed by 29 percent of white K-12 graduates and 21 percent of white college graduates.

The poll did not provide enough detail to show if some of the white college graduates would be swayed to back the GOP in exchange for a promise to curb the Fortune 500’s visa programs that are gutting segments of the white-collar professional sector. Some GOP legislators have begun defending white-collar Americans from the Fortune 500’s use of visa workers.

Extraction Migration

The policy of Extraction Migration is central to the U.S. economy. The policy extracts human material — migrants — from poor countries and uses them as workers, renters, and consumers to shift vast wealth from ordinary people to billionaires and Wall St.

Since at least 1990, the D.C. establishment has extracted tens of millions of legal and illegal migrants — plus temporary visa workers — from poor countries to serve as workers, managers, consumers, and renters for various U.S. investors and CEOs.

This policy of labor inflation makes it difficult for ordinary Americans to get married, advance in their careers, raise families, or buy homes.

Extraction migration slows innovation and shrinks Americans’ productivity, partly because it allows employers to boost stock prices by using cheap stoop labor instead of productivity-boosting technology.

Migration undermines employees’ workplace rights, and it widens the regional wealth gaps between the Democrats’ big coastal states and the Republicans’ heartland and southern states. The flood of cheap labor tilts the economy towards low-productivity jobs and has shoved at least ten million American men out of the labor force.

An economy built on extraction migration also drains Americans’ political clout over elites, alienates young people, and radicalizes Americans’ democratic civic culture because it allows wealthy elites to ignore despairing Americans at the bottom of society.

The economic policy is backed by progressives who wish to transform the U.S. from a society governed by European-origin civic culture into a progressive-directed empire of competitive, resentful identity groups. “We’re trying to become the first multiracial, multi-ethnic superpower in the world,” Rep. Rohit Khanna (D-CA) told the New York Times in March 2022. “It will be an extraordinary achievement … we will ultimately triumph,” he boasted.

The progressives’ colonialism-like economic strategy kills many migrants. It exploits the poverty of migrants and splits foreign families as it extracts human resources from poor home countries to serve wealthy U.S. investors. This migration policy also minimizes shareholder pressure on U.S. companies to build up beneficial and complementary trade with people in poor countries.

Business-backed progressive advocates hide this Extraction Migration economic policy behind a wide variety of noble-sounding explanations and theatrical border security programs. So progressives claim that the U.S. is a “Nation of Immigrants,” that migration is good for migrants, and that the state must renew itself by replacing populations.

Many polls show the public wants to welcome some immigration — but they also show the deep and broad public opposition to labor migration and the inflow of temporary contract workers into jobs sought by young U.S. graduates.

This “Third Railopposition is growing, anti-establishment, multiracial, cross-sex, non-racist, class-based, bipartisan, rational, persistent, and recognizes the solidarity that American citizens owe to one another.

View: https://youtu.be/DCFwyXAYhLc
14:00 min
 

marsh

On TB every waking moment

Biden Will Get Billions To Spend On Green Programs. Here’s What Happened Last Time He Had That Money

The passage of the Democrats’ $369 billion climate package will allow President Joe Biden to pour billions of taxpayer money into green energy infrastructure and climate change prevention; despite the failure to effectively administer billions in green funds when he was vice-president during the Obama administration.

The ‘American Recovery and Reinvestment Act’, passed in 2009 during President Barack Obama’s first term, included $90 billion for similar environmental measures, according to White House archives. Then-Vice President Biden was placed in charge of overseeing the Recovery Act’s funds, which did not lead to development but instead the loss of massive sums of taxpayer money, according to Biden’s campaign website. (RELATED: Biden Is Pushing For EV Charging Stations — But States Say His Plan Makes Absolutely No Sense)

“As the architect of the Solyndra fiasco, it’s clear Joe Biden’s record on managing energy dollars is abysmal,” Larry Behrens, communications director of Power The Future, told the Daily Caller News Foundation.

Biden provided a $535 million federal loan to Solyndra, a solar panel company, in September 2009, in an effort to expand renewable energy, according to White House archives. Solyndra went bankrupt in September 2011, meaning that the loan did not go to use, this prompted a Treasury Department investigation into the company’s finances, ABC News reported.

The Recovery Act also gave nearly $42 billion to the Department of Energy (DOE) to fund renewable energy infrastructure, environmental cleanup and other climate measures. The Government Accountability Office (GAO) expressed concerns about how the DOE managed the federal money, according to a 2011 report.

GAO reported that it was not clear whether Loan Guarantee Programs (LGP) created jobs, which was an expressed goal of the program, as the DOE “lacked appropriate tools for assessing progress,” and found “reporting and quality issues” when it came to assessing job numbers created by green programs. GAO also found that the federal loan program favored some applicants over others.

The report also noted that the DOE received loan applications for at least 68 green projects, but only committed to guaranteeing a loan to one despite the fact that a number of applications, including six that the DOE deemed eligible for funding, were submitted in five years earlier.

“Now, over a decade later, President Biden is back to fleece taxpayers for another payday toward his eco-agenda,” Behrens continued.

Biden touted the passage of the Senate Democrats’ bill in a Sunday press release. If the ‘Inflation Reduction Act’ passes through the House as it is expected to on Friday, Biden will have four times the money for climate programs that he had access to in 2009.

The bill will invest heavily in green energy by doubling investment in solar energy and wind power. The package will also spend up to $60 billion to reduce environmental injustice and protect low-income areas and communities of color that are more affected by pollution.

“Our family budgets are already shelling out more and more just to make ends meet, so we don’t need more compounded interest comprised of Joe Biden’s failures.”

The White House did not immediately respond to the Daily Caller News Foundation’s request for comment.
 

marsh

On TB every waking moment

August 11, 2022
American Stasi?
By Rajan Laad

Eric Trump, in an interview with the Daily Mail, revealed astounding details regarding the FBI raid conducted at President Trump's Mar-a-Lago home on Monday.

The raid was conducted by more than 30 plainclothes agents from the Southern District of Florida and by the FBI's Washington Field Office. The agents accessed the Trump family's entire 3,000-square-foot private quarters and offices, ransacking their contents.

The raid lasted for the equivalent of a working day, beginning at 9:00 A.M. and ending at around 6:30 P.M.

The most startling revelation was that FBI agents initially refused to hand over the search warrant for their raid on Mar-a-Lago to Donald Trump's lawyer, Christina Bobb. They only showed it to her from about ten feet away.

Bobb was left in perplexity as to why a lawyer for the person's home being raided by the FBI was not able to see or obtain a copy of the search warrant and thoroughly read it. Bobb also said the supporting documentation for the warrant describing the probable cause was sealed.

The low-level federal magistrate judge, Bruce Reinhart, who signed off on the warrant, was in the news for switching from federal prosecutor to defense attorney for individuals connected to convicted sex offender Jeffrey Epstein. Reinhart also donated $1,000 to Obama's presidential campaign and $1,000 to Obama's Victory Fund.

Bobb also said she was ordered to stand on the outskirts of the Mar-a-Lago property — i.e., in the driveway — throughout the raid while the temperature was a sweltering 91 degrees with high humidity. It was an unprecedented refusal to permit a client's attorney to be present as they conducted their search.

The demeanor of the three DOJ lawyers who accompanied the FBI was described as "arrogant," and they repeatedly told Trump representatives, "We have full access to everything. We can go everywhere."

Eric said the 30 agents who arrived at the property asked staff to turn security cameras off, but the request was wisely refused. If they were operating per procedure, there was no reason for secrecy. The footage from security cameras enabled officials at Mar-a-Lago to learn the extent of the FBI's raid.

Both President Trump and his lawyer have rightly expressed concern that the FBI may have planted evidence.

The New York Post also revealed that the FBI spent several hours scouring Donald Trump's private office, even breaking open his safe and rifling through drawers. They also looked through a locked basement storage room in which 15 cardboard boxes of material from the White House were stored.

They searched the master bedroom, known as the Versailles Room, which Melania Trump renovated two years ago, and rummaged through the former first lady's wardrobe and searched through her clothing.

Trump's attorneys, led by Evan Corcoran, told the New York Post they were "cooperating fully" with federal authorities to arrange the return of the documents, with the process beginning in May 2021, when it was noticed that some records were missing.

In January 2022, some of the documents were returned, and in February this year, the news became public.

In early June, four top DOJ officials traveled to Mar-a-Lago to speak with the former president's attorneys about the documents.

The Justice Department has been investigating the "mishandling of classified information" since the National Archives and Records Administration said it had received from Mar-a-Lago 15 boxes of White House records, including documents containing classified information, earlier this year.

Trump's team showed the government officials where Trump was storing documents — in a basement room. Investigators reportedly observed that some of the files there were marked as classified. At one point, Donald Trump himself reportedly stopped by to "make small talk."

By law, all presidential correspondence and documentation have to be handed over to the National Archives.

Former top Trump administration official Kash Patel told Breitbart that a report claiming that classified materials were found at Mar-a-Lago was misleading. The documents were actually already declassified by President Trump, but the classification markings had not been updated. As president, Trump had the authority to declassify any classified material in the government's possession.

There are multiple federal laws governing the handling of classified records and sensitive government documents, including statutes that make it a crime to remove such material and retain it at an unauthorized location.

The raid, however, doesn't mean that prosecutors have determined Trump committed a crime.

Now for a bit of history.

Back in 2014, the House Select Committee on Benghazi asked the State Department for all of Hillary Clinton's emails. The department didn't have them all because, instead of using only the State Department email system (with an email address ending in @state.gov), Clinton used a personal email address (@clintonemail.com) housed on private servers located in the basement of her home in Chappaqua, New York.

How did the FBI react?

Were there raids on Clinton's Chappaqua home or rummaging through Hillary's wardrobe? No!

The FBI issued its findings in July 2016 and conceded that classified information had been improperly transmitted. However, they attributed it to carelessness, not an intent to skirt the law, hence she was let go.

Bill Clinton's national security adviser, Sandy Berger, was prosecuted in 2004 for stealing and even destroying classified documents on the Clinton administration's mishandling of terrorism prior to his testimony before the 9/11 Commission.

Gen. David Petraeus was similarly charged for sharing classified documents with his mistress.

Neither Berger's nor Petraeus's home was ever raided. They merely pleaded guilty to misdemeanor charges and were let go.

What happened at Mar-a-Lago on Monday seems like the actions of the Stasi.

The Stasi were the secret police of East Germany, established with Soviet help in 1950 by German communists after World War II. They were responsible for the relentless persecution of dissidents or anyone who wasn't a complete conformist. The Stasi conducted surveillance without warrants, espionage, and unannounced raids. The accused weren't given access to lawyers, and they were subject to prolonged detention without a warrant.

All the East German government agencies and even the courts were forcibly drafted and co-opted. If they needed a warrant, the judges became stenographers and gave the Stasi what they wanted. The Stasi enforced the law selectively. While dissidents were punished for small infractions, loyalists to the state could get away with serious crimes. The celebrated film The Lives of Others (2006) depicts the horrors of living in East Germany.

The huge difference, of course, is that East Germany was a totalitarian dictatorship, while the U.S. is a representative democracy.

In a functioning democracy, every citizen, irrespective of his wealth, power, or connections, must be equal before the law. These blatant dual standards only cause trust in government agencies that should be apolitical to erode.

The citizen, particularly the conservative citizen, will be thinking that if this could happen to a former president, what chance do citizens have at receiving fair treatment? When there is no trust left in law enforcement agencies, anarchy begins.

The Democrats are viciously gnawing at the roots upon which the nation stands. The questions remains: will winning elections be enough to stop them?
 

marsh

On TB every waking moment
View: https://www.youtube.com/watch?v=YsShZNHmpGE
1:52 min

The Lives of Others (2006) Trailer #1 | Movieclips Classic Trailers

Nov 12, 2020


Rotten Tomatoes Classic Trailers

^^^^^

The Lives of Others
Original title: Das Leben der Anderen
  • 2006
  • R
  • 2h 17m
In 1984 East Berlin, an agent of the secret police, conducting surveillance on a writer and his lover, finds himself becoming increasingly absorbed by their lives.

(Available on Amazon Prime for small amount)
 

marsh

On TB every waking moment
View: https://www.youtube.com/watch?v=X5TDmkwaORM
8:02 min

EU Mandates Silver Usage As It Forces Solar Power For All New Construction


The Economic Ninja


Some people ask where silver is found others ask which silver is best, I ask why silver will skyrocket so when you see the EU mandate solar panels on top of new construction you see that silver demand will skyrocket. If you want to know how how silver is made this is not the video for you.

^^^^


Wheaton Precious Metals: Bullish Silver Outlook As EU Is Mandating Solar Panels On All New Homes

May 23, 2022 4:34 PM ETWheaton Precious Metals Corp. (WPM), WPM:CA28

Zoltan Ban

Summary
  • As part of a $300 billion program to end its energy reliance on Russia, the EU wants to mandate solar panels on all new homes and commercial buildings.
  • Residential new buildings alone could create an extra 15 million ounces/year in new silver demand if the plan will be implemented, in addition to new commercial buildings and solar.
  • Wheaton is well-positioned to profit from a resulting rise in silver prices. Its cost of revenue is stable while silver, as well as gold prices, are set to rise.
Investment thesis: Global industrial demand for silver is set to surge this decade. The latest policy decision which is set to improve silver's industrial demand prospects is the EU's 300 billion euro plan to invest in renewable energy and other initiatives, as a way to lessen its economic reliance on Russian energy.

One of the key details that are bullish for the silver market is the mandate to have solar panels installed on every new residential or commercial building.

Wheaton Precious Metals Corp. (NYSE:WPM) is very well positioned to take advantage of the resulting higher silver prices that I anticipate seeing as a result of growing industrial demand. If the plan will be implemented investment demand will also surge this decade, given that we are faced with a prolonged stagflationary crisis. Wheaton is sitting on ample contractual reserves of silver as well as gold. Its streaming business model provides for some of the same advantages offered by mining companies, except that its streaming contracts provide for a more predictable and stable cost structure.

Wheaton's business model and financial results (See website)

The silver market is looking increasingly bullish, with demand set to increase dramatically
The EU plan to reduce its reliance on Russian energy imports in particular and fossil fuels, in general, is shaping up to be a potential silver market catalyst that has the potential to push its price much higher. Based on EU residential construction data, about 1.5 million new dwellings are built in the EU every year.

I have not seen average solar power needs for an average EU household, but we do know that average EU energy consumption per capita is about half of that in the US. It takes about 30 solar panels to meet the needs of an average US household, therefore 15 panels being installed for every new home in the EU can be assumed. Each panel takes about 2/3 of an ounce of silver to manufacture, therefore the residential sector alone could take up an extra 15 million ounces of silver per year. There is also the commercial buildings sector, and there are the commercial solar power production facilities, which will also see a further boost under the EU plan. The real increase in demand could amount to about 30 million ounces per year, just from this initiative.

Industrial demand growth for silver should see robust growth all over the world.

There is the electronics manufacturing industry that is still expanding, as information technology adoption continues to spread through the developing world. Solar power demand is set to increase as well. There are planned projects of significance throughout the Middle East, Africa, Asia, and elsewhere. Forecasts for US renewable energy growth for this year and next were already bullish for solar before higher energy prices were factored in.

US renewable energy growth forecast to 2023
US renewable energy growth forecast (EIA)

As we can see, next year's renewable power generation increase was already forecast to mostly come from solar power in the United States. With natural gas, coal, and other sources of energy trending up in terms of price, I think interest in solar power in the residential sector could potentially grow significantly more than is currently being forecast. It could easily surpass current expectations.

(Edited - see website

1660277441649.png

Silver demand in solar industry & silver demand per panel (Mercom)

As we can see, demand per solar panel has been declining, but the efficiency gains are leveling off. Efficiency gains helped to keep silver demand from the solar industry from rising, even as solar panel installation rates increased. In 2020, 101 million ounces of silver were used in the solar industry. The proposed surge in EU solar installation alone would lead to a roughly 30% increase in global silver demand in the solar industry. That would only amount to a 3% increase in total global silver market demand, but it might be enough to create investor demand momentum when coupled with expected gains in industrial silver demand outside of the EU.

Now that prospects for industrial silver demand have potentially improved, we can expect to see rising investor interest, perhaps once the EU finalizes and approves its ambitious plan. It should be noted that there is no guarantee that the EU will in the end adopt the plan. It needs to be approved by all 27 member states and there could be some holdouts, for various reasons. It does not mean that just because it stops being an EU initiative, it will die as an initiative within the EU. Individual member states can still implement it, especially countries in the more developed North-Western part of the EU, which have the financial resources to implement it on their own.

Investment implications
It is increasingly clear that we are looking at a surge in global solar power demand going forward. At the same time, the efficiency gains in terms of silver use in solar panels are starting to stall. Any gains going forward will be on average minimal, with perhaps an occasional leap followed by years of stagnation. This should translate into higher silver demand, therefore higher prices, which could potentially trigger a bull market in silver. It should be noted that all the years of improved efficiency use of silver in the solar panel industry should insulate silver from suffering demand destruction due to higher prices. There are therefore fewer upside limits to silver price gains, while the current price level of about $21/ounce is barely high enough for most miners to make it worthwhile to keep producing certain projects. Project expansions or new project initiatives will probably need higher prices going forward.

(Edited)
 
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marsh

On TB every waking moment
View: https://www.youtube.com/watch?v=kocK058Xl5I
15:28 min

Mandates and Lockdowns Were Violations of Law, What We Can Do About It?—with Mike Yoder | Crossroads

Premiered 89 minutes ago


Crossroads with JOSHUA PHILIPP


Mandates and Lockdowns Were Violations of Law, What We Can Do About It?—with Mike Yoder We speak with constitutional attorney Mike Yoder about the possible violations of the law in vaccine mandates and lockdowns, and how we can fight back against it.
 
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