GOV/MIL Main "Great Reset" Thread

marsh

On TB every waking moment

Will a Fuel Boycott Lead to Decreased Prices at the Pump?
As consumers plan to refrain from buying fuel over the Independence Day weekend, what is the likelihood of seeing an impact on prices?
As consumers plan to refrain from buying fuel over the Independence Day weekend, what is the likelihood of seeing an impact on prices?(Farm Journal and Canva.com)

By PAIGE CARLSON June 22, 2022

Want lower fuel prices? Boycott filling up your fuel tank over the Independence Day weekend, says the people of social media.

A nationwide boycott has filtered through social media channels, encouraging consumers to refrain from buying gasoline and diesel July 3 to 5, claiming this act will be a step towards lower fuel prices.

With the national average price of regular gasoline at $4.95 and diesel at $5.81, AAA reports, consumers continue to look for ways to decrease the pain at the pump.

As Independence Day nears, AAA predicts “47.9 million people will travel 50 miles or more from home over the holiday weekend (June 30 – July 4).” This is an increase of 3.7% over last year and will set a new volume record despite historically high fuel prices, AAA notes.

AAA also says car travel specifically is expected to break previous records as 42 million people opt to drive instead of other travel methods.

“Recent issues with air travel and ongoing concerns of cancelations and delays may be driving this increase,” AAA adds.

Do Fuel Boycotts Work?
“I've never seen a gas boycott result in anything,” says Patrick De Haan of GasBuddy in a Money article.

Though consumers might boycott the pump July 3 to 5, its expected they will still buy fuel, simply shifting to days before or after the holiday.

Overall, the decrease in demand is likely minimal.

Long-term trends, such as the conflict in Ukraine and reduced refinery capacity, continue to drive up the price of crude oil, Money reports. Until crude oil prices fall, fuel prices will likely stay at higher levels.

A more effective way of instantly decreasing fuel prices would be to suspend gas and diesel taxes; however, that move will have its own long-term consequences.

Has Demand Decreased?
Fuel demand seems to be a topic of debate.

On a recent Pro Farmer audio update, host Davis Michealsen notes American drivers are beginning to buy less gasoline as they feel the economic burden of record prices.

Additionally, “In the first full week of June, gasoline sales at U.S. stations were down about 8.2% compared with the same week last year, according to surveys by energy-data provider OPIS,” Jim Wiesemeyer reports.

While AAA’s Paula Twidale reports, “Earlier this year, we started seeing the demand for travel increase and it’s not tapering off. People are ready for a break and despite things costing more, they are finding ways to still take that much needed vacation.”
 

marsh

On TB every waking moment

Pump Prices Continue to Soar: Will the U.S. Ban Natural Gas Exports?
“Over the weekend we had a down-tick in energy prices,” says Wiesemeyer. “It’s probably not going to last long, but it’s something to watch out for.”

“Over the weekend we had a down-tick in energy prices,” says Wiesemeyer. “It’s probably not going to last long, but it’s something to watch out for.”(Farm Journal)

By JENNA HOFFMAN June 22, 2022

U.S. Department of Transportation finds the average American drives 14,263 miles annually.

With the EPA estimating the average fuel economy at 25.4 miles per gallon, Americans purchase roughly 562 gallons of gas each year.

So, how much of that purchased fuel is taxed?

According to the American Petroleum Institute, Americans on average pay 57.09¢ per gallon in gas taxes—18.4¢ per gallon in federal gas taxes and 38.69¢ per gallon in state gas taxes. This means the average American spends $320.85 in gas taxes each year.

However, these annual gas tax estimates might shift in coming months.

The Biden administration announced Wednesday, June 22, it is calling on Congress to suspend the federal gas tax for three months (through September).

If Congress agrees to remove the tax, gas prices will be lowered 18¢ per gallon while diesel will drop 24¢ per gallon.

U.S. Natural Gas to See Pumps Overseas
The news comes as a major U.S. natural gas exporter, Venture Global, penned an agreement to supply a German company, EnBW, with natural gas.

Beginning in 2026, EnBW will buy 1.5 million metric tons (MMT) of natural gas from Venture Global each year for 20 years.

According to Venture Global, half of the promised natural gas will come from their Louisiana facility that is currently under construction. The other half will be produced in a second Louisiana facility the company plans to have up and running by the 2026 contract window.

Paving the Way to Export Restrictions
Purchase agreements on natural gas at a time when pump prices continue to climb is a recipe for government interference, according to Jim Wiesemeyer, Pro Farmer policy analyst.

He says Venture Global’s agreement with EnBW will "put the pressure on” for U.S. export restrictions, which he says we have already watch play out in the markets.

“Over the weekend we had a down-tick in energy prices,” says Wiesemeyer. “It’s probably not going to last long, but it’s something to watch out for.”

More at Stake
Energy markets weren’t the only fuel piece making moves over the weekend.

Wiesemeyer told AgriTalk Host Chip Flory that recent confrontation in the Strait of Hormuz—between the Persian Gulf and Gulf of Orman—involving two U.S. ships and three Iranian naval vessels demands our attentions, as it could be another fuel domino waiting to fall.

“The Strait of Hormuz is the checkpoint for global oil shipping, he says. “If something were to occur there, all bets are off on whether or not they’ll halt or suspend natural gas exports.”

Ramping Up Production State-Side
While natural gas companies make international deals, government officials are looking for ways to ramp up production in the U.S.

U.S. Energy Secretary Jennifer Granholm is set to meet with refineries this week to find out why refiners aren’t producing more. According to Wiesemeyer, the government already knows the answer.

“They’re going to hear what refiners having been saying for weeks,” he says. “They’re already at near-capacity and it’s primarily due to increased regulations.

Flory says with refiners nearly at capacity, increased oil production won’t necessarily translate to lower gas prices. Wiesemeyer says the only way more oil will lower prices is if the suffocating refiner regulations are loosened.

According to Wiesemeyer, the Biden administration has tightened refiner regulations 2- to 2.5-times more than President Obama. He foresees legislation on crude oil will lower gas prices.

Until then, he believes prices will continue to climb.
 

marsh

On TB every waking moment

Kellogg's Faux Meat Spin-Off Faces 'Tough Environment'
(MorningStar Farms)
By REUTERS June 22, 2022

Kellogg Co's plan to spin off and potentially sell its profitable MorningStar Farms vegetarian patties and plant-based meat business could shake up the frozen aisle in grocery stores.

But the line of plant-based breakfast sausages, burgers and faux chicken, priced significantly less than premium brands such as Beyond Meat and Impossible Foods, faces a "tough environment" without Kellogg's support.

Not only has MorningStar failed to so far break out of supermarket sales into fast-food restaurants, but its profit margins of about 15% could get hit by any slowdown in demand just as overall sales of meat alternatives have flattened.

Total U.S. sales of meat alternatives have plateaued in 2022 after pandemic stockpiling helped drive strong growth in the past two years. Sales rose just 0.3% in the 52 weeks ended May 28 compared with the prior year, according to data from NielsenIQ.

"The short-term prospects for (plant-based) protein are very good, and Kellogg has one of the better portfolios of brands in the industry," said Gary Stibel, the CEO of the New England Consulting Group, which works on consumer products.

"They've been at it for a long time, but they are brilliant for getting out now. That's because the rate of growth in plant-based is slowing and will continue to slow."

Rivals Beyond Meat and privately held Impossible originally launched their "burgers" - refrigerated plant-based patties that look and taste like meat - in 2016.

Since then, more companies have joined the fray and signed deals with restaurant chains to add plant-based burgers to menus. For instance, Impossible supplies Restaurant Brands International's Burger King with patties for its Impossible Whopper.

In January, McDonald's said it would expand the U.S. test of its "McPlant" burger - made with Beyond patties - to 600 locations. But sales have not met projections and McDonald's will not launch the sandwich nationally this year, according to BTIG analysts.

MorningStar - a staple for frozen vegetarian food like Garden Veggie Burgers for decades - launched its meat-like product, Incogmeato, in 2019 to compete directly with Beyond and Impossible.

But it hasn't had the "strongest launch," said John Baumgartner, senior consumer equity research analyst at Mizuho Securities. Now, consumers' appetite for plant-based burgers has cooled as new options flood the market.

"It's a tough environment right now," Baumgartner said. "The category is not going to grow as quickly as the early bulls anticipated. Volume is down."

Yum Brands Inc's Pizza Hut tested Incogmeato's plant-based Italian sausage in 2019 at one Arizona location. Yet, last year it was experimenting with a meat-free pepperoni topping made by Beyond in five U.S. cities.

Pizza Hut did not reply to a request for comment.

Kellogg's last year signed a deal for Incogmeato with Sodexo SA, a food service company that supplies hospitals and schools.

"IRRATIONAL EXUBERANCE"
The company announced on Tuesday it was separating into three independent companies, with its "Plant Co" anchored by MorningStar Farms. Kellogg's said it was looking into potentially selling its plant-based business, which generated profits of $50 million last year on sales of $340 million.

In an interview, CEO Steve Cahillane said Kellogg has turned the unit "back into a growth business."

"To have a pure-play business solely focused on (plant-based food), with the right resource allocation, the right management team, we believe it's the right thing to do," he said.

"It remains to be seen how big the refrigerated market gets," he said, referring to plant-based meat patties.

On a call with analysts last month, Cahillane said there had been "irrational exuberance" in meat alternatives generally. Incogmeato, he said, is a small portion of MorningStar Farms' total sales.
(Reporting by Jessica DiNapoli and Hilary Russ in New York; Editing by Aditya Soni)
 

marsh

On TB every waking moment

NEWS AND COMMENTARY
BILL GATES CARBON CREDITS! – The Coming Climate Lockdown & The GREAT RESET Highway Restrictions! [VIDEO]

"The establishment trying to cause chaos worldwide on the supply chain and via money in order to force the world into a reset and a Chinese-style technocratic system."

BY ZACH HEILMAN
JUNE 22, 2022

“Josh Sigurdson reports on the coming carbon credits as governments around the world prepare people to be forced to only drive a few days a week and be tied to a carbon credit system connected to new highways being built everywhere by Bill Gates.

Germany’s Economy Minister Robert Habeck has announced there will be new laws in place to stop people limit people’s use of vehicles due to a gas shortage which they of course blame on Russia.

Meanwhile, Germany has been building an EU army against Russia for years and is purposely alongside the establishment trying to cause chaos worldwide on the supply chain and via money in order to force the world into a reset and a Chinese-style technocratic system.
In this video, we break down these risks.” – World Alternative Media

BILL GATES CARBON CREDITS! - The Coming Climate Lockdown & The GREAT RESET Highway Restrictions! 28:31 min

BILL GATES CARBON CREDITS! - The Coming Climate Lockdown & The GREAT RESET Highway Restrictions!
World Alternative Media Published June 20, 2022
 

marsh

On TB every waking moment


(shutterstock)
(shutterstock)
BUSINESS COLUMNISTS'

The 5 Stages of Totalitarianism
Walker Larson
Walker Larson

Mises Institute Mises Institute June 21, 2022 Updated: June 22, 2022

Commentary
Fears of a growing totalitarian tendency in the United States have swelled during 2020–2022.

But how close are we really to a totalitarian state? How have such regimes come about historically and what are the warning signs? This article will answer these questions by examining totalitarian regimes in the eighteenth and twentieth centuries and the pattern by which they came to power.

Stage 1: Discontent and Rumblings
Every new order rises on the ruins of the old.

Those who would establish a new regime must tap into or generate dissatisfaction with the status quo. However much those desiring a reset may despise the old order, they can’t accomplish much without harnessing or fabricating a similar attitude in the public. Then the revolutionary totalitarian appears as the solution to these problems.

The Reign of Terror in Revolutionary France, for example, didn’t begin with blood but with bread. Between 1715 and 1800, the population of Europe doubled, creating food shortages among the French people. Many of the French people resented the king’s growing centralized authority. In addition, the ideas of the “Enlightenment” thinkers were stirring up revolutionary feeling. Finally, the French government was massively in debt due to the many wars of the eighteenth century, and it increased taxation even on nobles.

It was these sufferings and fears, combined with the machinations of the secret societies (admitted by the Marquis de Rosanbo at the Chamber of Deputies session of July 1, 1904) that led the to the revolution and the totalitarian Jacobin government. The Reign of Terror came after the fall of the king and the Ancien Régime, which the revolutionaries accomplished in part because of the problems and suffering in French society prerevolution.

The Bolshevik Revolution in Russia in 1917—which established a totalitarian regime so bloody that it would make the Reign of Terror look like a mere red drop in the guillotine bucket—followed a similar blueprint. The Bolshevik communists exploited the sufferings of the Russian people for revolutionary purposes. What were these sufferings? The Russian people had lost faith in Tsar Nicholas II and his government, Russia contained restless ethnic minorities, and the poorly equipped and led Russian armies were losing against the Germans in World War I.

Russia’s failures in the war led to demoralization and disrupted the economy. In January 1917, transportation to cities like Petrograd broke down, and this caused food and fuel shortages, and, eventually, riots.

Not long after the rise of Bolshevism in Russia, Adolf Hitler became involved with the Nazi Party during the Weimar Republic. Struggling postwar Germany bubbled with discontent. The Treaty of Versailles had been harsh: Germany was expected to accept full responsibility for the war,
pay massive indemnities to the Allies, surrender large amounts of territory, possess no military worth speaking of, and be monitored by Allied troops. In the years following the war and the treaty, the German economy suffered mightily, including through hyperinflation. When Germany defaulted on some of its payments, French and Belgian troops occupied Germany’s richest industrial region, the Ruhr district, which only made Germany poorer and the people angrier.

Stage 2: The False Savior and the First Revolution
After identifying and appealing to the people’s discontent, the totalitarian presents himself as a savior. In stage two, the revolutionary totalitarian enacts a dramatic change to “solve” the problems and discontent of stage one.

To find a solution for its debt crisis, the French government called the Estates General assembly to advise the king on what to do. The Third Estate quickly claimed full governmental authority as the “National Assembly.” The National Assembly wanted to draw up a new constitution that would change the nature of the government to deal with injustices. After the storming of the Bastille, peasants in rural areas revolted against their lords. The National Assembly declared feudalism abolished and introduced the Declaration of the Rights of Man and of the Citizen. With the execution of Louis XVI on Jan. 21, 1793, the first stage of the revolution was over. The regicide left a massive power vacuum. Various groups struggled to fill this hole, but in the end, the Jacobins—the radicals—dominated the new revolutionary government.
In the Russian Revolution, the Bolsheviks took advantage of the food riots that began early in 1917. When the military began siding with the rioting workers, rather than restoring law and order, Tsar Nicholas knew all was lost. He abdicated on March 2, 1917 (and was later shot). The Bolshevik-run Petrograd Soviet quickly took control of post-tsarist Russia. Their slogan—Peace, Land, and Bread—attracted many frightened and angry people to them as to a savior. On Nov. 6–7, they staged a coup that finally overturned the provisional government.

The initial rise of Nazism in Germany was less bloody but similarly based on messianic promises. Capitalizing on the resentment in Germany due to the Versailles Treaty and global economic downturn in 1929, the Nazi Party grew in size and influence. The Nazis had attempted a violent coup in November 1923 but had failed, and they turned to legal means of gaining control of the government. Due to Hitler’s skill with propaganda, the Nazi Party won more and more of the vote by the early 1930s. Eventually, it was the second-biggest political party in the country. At this point, Hitler demanded that President Paul von Hindenburg appoint him chancellor, which Hindenburg agreed to in 1933. This was not a violent revolution, but the failed 1923 attempt shows the party’s violent tendencies.

Stage 3: Censorship, Persecution, Propaganda, and the Ending of Opposition
In stage three, the initial upheaval of stage two has passed. The old order has been fundamentally changed, and now various forces begin to react. The rising totalitarian government faces many enemies, often dubbed “counterrevolutionaries” or “extremists.” Here in its infancy, the new order must struggle to gain more power and maintain that which has been acquired. For this reason, it sets about combatting its enemies through censorship and persecution.

As soon as they had gained sway over their countries, the first move of totalitarians like Hitler and Vladimir Lenin was to censor opposition and put out propaganda. Each of these totalitarian leaders also gained control of education and had secret police forces to monitor and even kill anyone designated as an enemy. Another strategy was to establish youth organizations to indoctrinate citizens in the state’s propaganda from an early age and tear their loyalties away from family or religion. Religion was almost universally persecuted once these regimes came to power.

Finally, Hitler and Lenin outlawed (either de jure or de facto) all political parties and views besides their own after coming to power. (1) Totalitarians create a one-party system that often maintains a façade of democracy.

Stage 4: The Crisis
Stage four prepares the way for the totalitarian government to grasp total control over those under its rule. It consists of a crisis moment, which may be either a real threat or a false flag that seems to threaten the nation.

By 1793, the French Revolution was at a crisis point. Defenders of the old order rose up on all sides to crush the new order. Austrian and Prussian armies encircled France, while the Vendéean peasants revolted against the revolutionary government and army. And so, in the name of “public safety,” the government decided to take harsh measures against all enemies of the revolution. And so, of course, they needed more control. This was the task of the Committee of Public Safety, and it suffered from no scruple in its methods.

On Aug. 3, 1918, Lenin was shot after giving a speech at a factory. While recovering in the hospital, he wrote to a subordinate, “It is necessary secretly—and urgently—to prepare the terror.” This initiated a campaign of mass killings and detentions by the government, known to history as the Red Terror. As always, the justification for these acts was the “emergency” indicated by the attempted assassination. The “radicals” and “counterrevolutionaries” were allegedly “at the gate,” and it was necessary to use extreme measures to deal with this imminent “threat.” So the rhetoric went. And so it always goes.

Hitler also used a “state of emergency” to justify his clampdown. On Feb. 27, 1933, the Reichstag went up in flames. In response, Herman Gorrin, minister of the interior, ordered a raid on Communist headquarters, allegedly for evidence of sedition and a Communist plot to attack public buildings. This, in Hitler’s mind, was the signal for seizing complete control. On February 28, the cabinet abolished freedom of speech, assembly, privacy, and the press. Around four thousand people were arrested that night. This “crisis,” with the usual language about safety and countering threats, ushered in totalitarianism in Germany.

Stage 5: Purges, Genocide, and Total Control
Using the crisis of stage four as an excuse, the totalitarian government now seizes absolute control over the lives of its citizens. The regime overcomes the enemies of stages three and four. It begins brutally enforcing its “utopia” and ideology on the populace. This stage also sees the greatest atrocities committed against the populace because resistance to the totalitarian regime has been crushed. The people are defenseless and demoralized. Nothing stands between the regime and its victims. This stage involves mass killings as the regime liquidates any remaining enemies while seeking to control every detail of citizens’ lives.

During the latter stages of the French Revolution, the Committee of Public Safety received dictatorial powers to defeat anyone who opposed the revolutionary government. During 1793–1794, the CPS eliminated rival revolutionary groups before passing a law that suspended citizens’ rights to a public trial or legal assistance and gave the jury only two options, acquittal or death. The result was horrifying: throughout France, 300,000 suspects were arrested, 17,000 were executed, and about 10,000 died in prison or without trial.

But it was nothing compared to the Red Terror and Joseph Stalin’s purges. The party used the attempted assassination of Lenin as justification for intense persecution of its enemies. Tens of thousands of people became victims, as discussed in Richard Pipes’s “The Russian Revolution.”

But Lenin’s handiwork was only a precursor to Stalin’s “purges” of political enemies. Historians are divided on just how many people Stalin killed, but estimates reach as high as 60 million.

Estimates of the people killed by Hitler and his Nazi Party vary as well. According to the United States Holocaust Memorial Museum, the figure stands at 17 million, but only God knows for certain.

In addition to carrying out mass killings, established totalitarian regimes seek to control everyday life through measures like censorship, propaganda, gun control, and internal passports.

The United States in 2022
So is the United States headed for totalitarianism? Here we move from facts to speculation—a risky business. The answer is not straightforward. But if we are careful to avoid exaggeration, some useful comparisons can be made:
  • Have any forces in the United States taken advantage of real or imagined problems in the country to stir up discontent and even violence? The death of George Floyd and the associated claims of systemic racism in 2020 gave rise to violent and destructive riots. Fortunately, this has calmed down, but, like in pre-Soviet Russia, ongoing tensions surrounding racial minorities continue to threaten more social unrest. This unrest could intensify if predictions of food shortages and increasing inflation come true in the coming months and years.
  • Has any figure or group presented themselves as a savior with the solution to our problems, a solution that will require the curtailing of individual rights? Are freedom of assembly, freedom of speech, due process, or religious rights under attack? The COVID pandemic was used by governments around the world to justify vast restrictions on personal freedom, including limitations on freedom of assembly, the closing of religious centers, and censorship of information or viewpoints that opposed the official COVID narrative and dictates. Many of these public officials presented themselves as “experts” whose forceful policies were “necessary” for “public safety.” Entities such as the World Economic Forum and many global leaders continue to discuss the need for a “Great Reset,” in part as a response to the “threat” of COVID. This reset includes everything from redesigning health systems and education to the implementation of vaccine passports. This is presented to us as our “salvation” from COVID and other dangers, including racism.
  • Are we experiencing any censorship in the United States? Are our media sources independent and objective or coerced and controlled? As the recent Musk/Twitter debacle has highlighted, Big Tech bears responsibility for censoring certain information and views with increasing regularity in recent years, and particularly conservative voices.
  • Does the United States live under a one-party system? As far as we can tell, the answer to this question is no. However, if the claims of election fraud abounding since the 2020 elections are true and the fraud remains unremedied, we effectively live in a one-party system, since one party can maintain power indefinitely through illegal means. But that is a substantial “if.”
  • Are we witnessing mass arrests or mass killings? We clearly have not progressed into stage five-type mass arrests and killings at this time, although the data on adverse reactions surrounding the COVID vaccine is concerning. Still, that data, even if accurate, does not definitively show that premeditation or a totalitarian regime is the culprit behind these injuries and deaths. Yet the possibility, I think, should not be ruled out entirely.
One final point must be made. Though troubling similarities exist between the trajectory of the United States and the historical examples of totalitarianism outlined above, we must avoid both the extremes of an alarmist fatalism and a starry-eyed state of denial. On the one hand, the events of the past few years in our country are grim. On the other, history does not work like a machine, and many factors are at play here. I do not claim to know the future, and I do not believe in historical determinism. In the end, whether the United States is headed for totalitarianism or not is largely up to us and whether or not we resist these trends.

Views expressed in this article are the opinions of the author and do not necessarily reflect the views of The Epoch Times.
 

marsh

On TB every waking moment

Bioterrorism

Paralegal and writer Katherine Watt slammed both the legislative and executive branches of government for orchestrating a massive domestic bioterrorism under the guise of a public health program. According to her, the two branches secretly legalized and funded the overthrow of the Constitution, the government and the American people.

“A whole lot of things that were once federal and state crimes and civil rights violations have been legalized by Congress through legislative, statutory revisions to the U.S. Code. [These were] signed by U.S. presidents, and implemented at the administrative, regulatory level by the Department of Health and Human Services (HHS) through the Code of Federal Regulations,” Watt told Dr. Jane Ruby on the June 19 episode of “Live with Dr. Jane Ruby.”

In a Substack post, Watt pointed out that the critical decay began around 1983 with the addition of the public health emergencies section in the 1944 Public Health Service Act (PHSA). However, she pointed out that the PHSA itself represented an additional militarization of human medicine in the United States.

According to the paralegal, the architects of the measure had one basic goal: to set up a legal condition that would allow all governing power to be transferred to the HHS secretary. With an effectivity occurring at the moment when the HHS secretary declares a public health emergency, the PHSA legally turns free citizens into enslaved subjects.

True enough, former HHS Secretary Alex Azar declared a public health emergency on Jan. 31, 2020 – which continues until the present day. Incumbent HHS Secretary Xavier Becerra, Azar’s successor, twice renewed the public health emergency declaration.

After hearing an interview of international lawyer Todd Callender, Watt began scrutinizing the legal architecture behind the Wuhan coronavirus (COVID-19) medical martial law a day before Azar’s declaration. The interview touched on the American domestic legal framework, its link to the oddly coordinated pandemic story echoed by governments worldwide and its relation to the World Health Organization‘s (WHO) International Health Regulations of 2005.

Watt added that Azar made the declaration on behalf of the WHO and its financial backers.

Congress passed laws that empower HHS, medical martial law
Guided by Callender’s analysis, the paralegal probed deeper and discovered several laws that codified medical martial law – even before COVID-19. One law signed by former President Ronald Reagan mandated HHS to “subject citizens to forcible apprehension and detention” in a quarantine facility for “communicable diseases.” Subsequent amendments by the second Bush and Obama administrations expanded the communicable diseases that qualify under this law.
Aside from laws that give HHS police powers, other laws passed by Congress provided substantial budget allocations for the department.

The Consolidated Appropriations Act, which the federal legislature passed in March, outlined huge allocations for public health. Almost $1.3 billion was allocated for a public health and social services emergency fund. The refilling of the strategic national stockpile controlled by the Centers for Disease Control and Prevention received an $845 million allocation under the law. Meanwhile, $300 million was allocated “to prepare for or respond to an influenza pandemic.”

The act allocated $780 million for the domestic production of new bioweapons. Such bioweapons are part of “security countermeasures” under the PHSA, as amended by the 2004 Project BioShield Act. There’s also a $1 billion allocation for the establishment of new Advanced Research Program Agency-Health that will conduct bioweapons research and development.

Another bill introduced on the floor is the COVID Supplemental Appropriations Act of 2022.

Introduced by Rep. Rosa DeLauro (D-CT), the proposal seeks to allocate an additional $10.6 billion “to prevent, prepare for and respond to coronavirus – including for necessary expenses with respect to the research and development, manufacturing, production, purchase, and distribution of vaccines, therapeutics, diagnostics and medical products, services and supplies.”

Visit MedicalMartialLaw.com for more news about government tyranny in the guise of public health measures.

Watch the full segment of “Live with Dr. Jane Ruby” 22:35 min featuring Katherine Watt below.

This video is from The Willow channel on Brighteon.com.
:
Sources include:
 

marsh

On TB every waking moment

Disaster In The Heartland: Wheat Crops In Kansas Are Failing On A Massive Scale
June 21, 2022



Did you know that Kansas is known as “the Wheat State”? In 2021, it produced nearly one-fourth of all wheat that was harvested in the United States. Needless to say, we really need Kansas to come up big again this year because the war in Ukraine and a number of other factors have combined to bring us to the precipice of an absolutely horrifying global food crisis. Unfortunately, things are not going well in Kansas this year. In fact, wheat crops in much of the state are failing on a massive scale

This time of year, the wheat growing in this part of western Kansas should be thigh-high and lush green.

But as a months-long drought continues to parch the region, many fields tell a different story.

“There’s nothing out there. It’s dead,” farmer Vance Ehmke said, surveying a wheat field near his land in Lane County. “It’s just ankle-high straw.”
At this point, the U.S. Department of Agriculture is telling us that 41 percent of all wheat in Kansas is in “poor” or “very poor” condition.

The situation is particularly dire in the western portion of the state. It is being reported that many fields of wheat in western Kansas now resemble “barren wastelands”

Across western Kansas, many fields planted with wheat months ago now look like barren wastelands. The gaping spaces between rows of brown, shriveled plants reveal hardened dirt that’s scarred with deep cracks from baking in the sun.

Of all the years for drought to hit western Kansas wheat farmers, it couldn’t have come at a worse time.
Even though the price of wheat has soared to crazy levels, it is being estimated that somewhere around 10 percent of all wheat fields in Kansas will not even grow enough crops to bother harvesting them.

That is really bad news, but the truth is that things are even worse in Colorado and Texas

To the west in Colorado, projections say nearly one-third of wheat fields won’t produce enough to bother harvesting. In Texas, around three-quarters of the crop will likely be abandoned.
Please read that again.

This is enormous news, and it is going to deeply affect all of us in the months ahead.

At the worst possible time, wheat crops are failing on a massive scale all over the western half of the nation.

We have been stuck in a pattern of drought that resembles the Dust Bowl days of the 1930s for many years now, and things are starting to happen which would have once been unthinkable.

Lake Mead and Lake Powell have both dropped to all-time record lows, and the drinking water for tens of millions of Americans is now in jeopardy.

View: https://twitter.com/i/status/1536912734297526272

I wish that more people would understand the gravity of what we are potentially facing.

Down in Mexico, residents of Monterrey are already being limited to six hours of water a day because shortages have already become so severe…

In the sprawling metropolitan area of Monterrey, home to some 5.3 million people, the drought and years of below-average rainfall have led to citywide water shortages.
“We’re in an extreme climate crisis,” Nuevo Leon Governor Samuel Garcia said at a news conference last week. “Today, we’re all living it and suffering.”
The city in June began limiting water access to six hours a day, forcing schools to adjust class schedules and sparking panic buying of bottled water that emptied supermarket shelves.
The western half of North America is in the midst of the worst multi-year drought that it has experienced in 1,200 years, and experts are telling us that it isn’t going to end any time soon.

Meanwhile, UN Deputy Secretary-General Amina Mohammed is warning us that the planet is potentially facing “a food crisis of global proportions” in 2023…

First, time is short to prevent a food crisis of global proportions next year. We must stabilize global markets, reduce volatility and tackle the uncertainty of commodity prices. There can be no effective solution to the global food crisis without reintegrating Ukraine’s food production, as well as the food and fertilizer produced by the Russian Federation into world markets — despite the war. To avert a food availability crisis in 2023, we must restore fertilizer availability, especially for smallholder farmers now.
Global food production is going to be way below expectations all over the world this year, and we really are heading into a nightmarish worldwide food crisis.

I hope that you are preparing accordingly.

Before I end this article, there is one more thing that I wanted to mention.

Authorities are telling us that an absolutely massive sunspot known as AR3038 “is now facing Earth”

An enormous sunspot that has doubled in size in only 24 hours is now facing Earth—meaning it could send a solar flare our way.
This particular sunspot has actually doubled in size for each of the past three days, and at this point it is approximately 2.5 times the size of our entire planet.

And we are being warned that it could “potentially send an M-class solar flare” directly at us…

“Yesterday, sunspot AR3038 was big. Today, it’s enormous,” reads the SpaceWeather.com website. “The fast-growing sunspot has doubled in size in only 24 hours.”

The magnetic field associated with the sunspot means it could potentially send an M-class solar flare at Earth—the second-strongest type. However, it is not known whether this will be the case.
Scientists are assuring us that we probably don’t have anything to be concerned about, and hopefully they are correct.

But let’s keep a close eye on this sunspot anyway.

As I have always warned, it is just a matter of time before another Carrington Event comes along.

We live during such unusual times, and things seem to be getting crazier with each passing week.

The “perfect storm” that so many have been warning about is now here, and the months ahead will be filled with chaos and uncertainty.
 

marsh

On TB every waking moment

The FDA

The FDA’s “Future Framework” for Covid Vaccines Is a Reckless Plan

BY TOBY ROGERS JUNE 22, 2022 POLICY, VACCINES 7 MINUTE READ

Pfizer and Moderna have a problem. Their mRNA Covid-19 shots do not stop infection, transmission, hospitalization, nor death from the SARS-CoV-2 virus. Over half a billion doses have been injected into Americans in the past 17 months and these shots have made no discernible impact on the course of the pandemic. Far more Americans have died of coronavirus since the introduction of the shots than before they were introduced.

Pfizer and Moderna are making about $50 billion a year on these shots and they want that to continue. So they need to reformulate. Maybe target a new variant, maybe change some of the ingredients — who knows, these shots have disappointed so it’s not clear what it will take to get them to work.

This is a problem because reformulated shots mean new clinical trials and new regulatory review by the FDA. There is a decent chance that any reformulated shot might fail a new clinical trial, and the public is deeply skeptical of these shots already, so the scrutiny would be intense.

So Pfizer and Moderna have figured out a way to use regulatory capture to get their reformulated Covid-19 shots approved WITHOUT further clinical trials. Their scheme is called the “Future Framework” and it will be voted on by the FDA’s Vaccines and Related Biological Products Advisory Committee (VRBPAC) on June 28.

Viruses vary by region. At any given time, the influenza strain circulating in England is different than it is in Thailand, the US, or South Africa. However, pharmaceutical companies prefer to create one-size-fits-all vaccines in order to decrease manufacturing costs and thereby increase profits. So the WHO and public health agencies around the world (including the FDA and CDC) have created a vast “influenza surveillance network” that identifies the different influenza strains in circulation.

Then they engage in an elaborate performance called the “flu strain selection process” where they select four influenza strains that will go into the flu vaccine that year (there is one flu shot for all countries in the Northern Hemisphere and one flu shot for all countries in the Southern Hemisphere, that’s it).

This carefully choreographed process results in failure more often than not. This is not a surprise — using a one-vaccine-fits-all approach to prevent a rapidly evolving virus that varies by region is unlikely to work. Lisa Grohskopf from the CDC’s Influenza Division reports that last year the flu shot was somewhere between 8% to 14% effective (based on data from seven sites that participate in the U.S. Flu Vaccine Effectiveness Network).

interim-vaccine


But a case study of a flu outbreak at the University of Michigan between October and November 2021 found that the effectiveness of the flu vaccine was literally zero.
  • Preliminary VE: 0% CI: -25% to 20%)
Over the last thirty years, the federal government has paid out more compensation for adverse events in connection with the flu shot than any other vaccine — so we know that the shot comes with a high rate of anticipated harms. Given that the flu shot does not stop the overwhelming majority of flu cases, the harms likely outweigh any benefits.

In a sane world, the WHO, FDA, and CDC would admit that they made a strategic mistake in their response to SARS-CoV-2 and then change course to find better ways to support the human immune system. But we don’t live in a sane world. Instead, the FDA is proposing to take the failed flu strain selection process and apply it to future Covid-19 shots.

There are a quadrillion x quadrillion viruses in the world (literally more viruses on earth than stars in the known universe). Only a couple hundred of those seem to have the potential to impact human health. But some viruses make better candidates for a vaccine than others.

Viruses that have been around a long time, that are very stable and evolve slowly are the best candidates for a vaccine.

Viruses that evolve rapidly are bad candidates for a vaccine. There is no vaccine for the common cold nor HIV because these viruses evolve too quickly for a vaccine to be effective.

The SARS-CoV-2 virus is a bad candidate for a vaccine, as it has rapidly mutated, which is why all previous attempts to develop a vaccine against coronaviruses have failed (they never made it out of animal trials because the animals died during challenge trials or were injured by the vaccine).

What are some of the bad things that can happen when you vaccinate against a rapidly evolving virus? Original antigenic sin, antibody-dependent enhancement, and the possibility of accelerating the evolution of the virus in ways that make it more virulent (and even more resistant to vaccination) are some known negative impacts.

Trevor Bedford has his own lab at the Fred Hutchinson Cancer Center where he researches the evolution of Covid-19. He gave a fascinating presentation at the April 6 meeting of the FDA’s Vaccines and Related Biological Products Advisory Committee meeting, where he explained that SARS-CoV-2 is evolving rapidly. He explained that SARS-CoV-2 evolves twice to ten times as fast as the flu virus and these mutations “substantially” reduce vaccine effectiveness. Following the introduction of Covid-19 vaccines, the evolution of the virus has accelerated.

omicron-mutations


Dr. Bedford’s presentation appeared to rattle some of the members of the VRBPAC because his data screamed, “SARS-CoV-2 is a bad candidate for a vaccine!” But FDA officials just mumbled some platitudes and then continued on with the meeting.

The only way out of the pandemic is to withdraw these vaccines from the market and pivot to therapeutics. Instead, the FDA is proposing to abandon clinical trials in connection with these vaccines altogether.

The purpose of the “Future Framework” is to rig the Covid-19 vaccine regulatory process in perpetuity in favor of the pharmaceutical industry. If this “Future Framework” is approved, all future Covid-19 shots — regardless of the formulation —will automatically be deemed “safe and effective” without additional clinical trials, because they are considered “biologically similar” to existing shots.

If you change a single molecule of mRNA in these shots it will change health outcomes in ways that no one can anticipate. That necessarily requires new clinical trials — which is what the FDA is proposing to skip.

The FDA’s “expert advisory committee” (VRBPAC) met on April 6, 2022 to discuss the “Future Framework” for the first time. All of the committee members agreed that Covid-19 shots are not working, that boosting multiple times a year was not feasible, and that the shots need to be reformulated. They also unanimously agreed that there are no “correlates of protection” that one can use to predict what antibody levels would be sufficient to prevent SARS-CoV-2 infection.

On June 28, the VRBPAC will meet once again to discuss the “Future Framework”. It will be presented as a done deal because manufacturers want a decision on vaccine strain selection by June in order to deliver shots for autumn vaccination appointments.

The FDA authorized Covid-19 shots for kids aged 6 months to 5 years on June 14 and 15. So if the FDA approves the “Future Framework” on June 28th, the shots that will be given to kids (and Americans of all ages) in the fall will be the reformulated shots that skipped clinical trials.

When it comes to the flu shot, the FDA tries to hedge their bets by putting four strains of the virus into a single shot (called “quadrivalent” vaccines). That’s essentially what they are planning to do with future Covid-19 shots as well (move to multivalent vaccines).

Moderna is developing a range of bivalent Covid-19 shots. In April, it touted a bivalent shot targeting the Alpha and Beta variants. By June, Moderna’s strategy shifted to a bivalent shot that specifically targets the original Omicron variant. But the Omicron strains that swept the US in early 2022 are quickly being supplanted by new subvariants (including BA.4 and BA.5). It is entirely possible that any reformulated shot, by the time it gets to market, will be a poor match for this rapidly evolving virus. Rather than solving the pandemic, this approach might accelerate the evolution of variants that evade vaccines. Furthermore, by skipping clinical trials, no one will have any idea whether these reformulated shots are safe.

To summarize — the FDA’s Vaccines and Related Biological Products Advisory Committee will meet on June 28 to vote on a “Future Framework” for evaluating so-called “next generation” Covid-19 shots. The “Future Framework” is a plan to rig the Covid-19 vaccine regulatory process in perpetuity.

The “Future Framework” would take the “flu strain selection process” that fails every year and apply it to future (reformulated) Covid-19 shots. Federal bureaucrats, many of whom have financial conflicts of interest, would choose which SARS-CoV-2 variants to include in a yearly (or twice-yearly) Covid-19 shot. In the process, all future Covid-19 shots will be deemed automatically “safe and effective” without further clinical trials.

The “Future Framework” is reckless. It shows that the FDA has abandoned science and its statutory duty to protect the public.
 

marsh

On TB every waking moment

Logistics Giant DB Schenker Announces Layoffs In Texas

WEDNESDAY, JUN 22, 2022 - 06:25 PM

By Noi Mahoney of Freightwaves

DB Schenker said it’s laying off 130 employees from a Kraft Heinz distribution center near Fort Worth, Texas, according to a notice sent to state officials Tuesday.
“Kraft has notified us that they will be closing in Fort Worth, effective June 26,” according to a notice filed with the Texas Workforce Commission.
“The layoffs are permanent. [DB Schenker] has no plans at this time to operate at the Fort Worth site.”

Kraft Heinz said it’s not closing the distribution center, which will remain open and employs almost 200 workers.
“Recent reports related to closing our product distribution facility located near Fort Worth are inaccurate,” Kraft said in an email to FreightWaves.
“The Kraft Heinz distribution center will remain open and we will continue to ship Kraft Heinz products to customers in the region.”
Kraft operates a 747,528-square-foot regional distribution center in Haslett, just north of Fort Worth. The company uses the facility as product storage for its logistics operations for all of the southwestern U.S., according to a 2011 article in the Dallas Morning News.

Pittsburgh-based Kraft Heinz said it’s ending its relationship with DB Schenker as the third party logistics provider for the facility.

“DHL will serve as the new logistics provider, effective June 26,” Kraft Foods said.

DHL is a German logistics company providing global transportation services. Germany-based DB Schenker is the logistics division of German rail operator Deutsche Bahn
 

marsh

On TB every waking moment

Half Of Americans Didn't Save During Pandemic, Leaving No "Savings Cushion" Amid Recession Fears

WEDNESDAY, JUN 22, 2022 - 05:05 PM
Authored by Katabella Roberts via The Epoch Times,

Roughly half of Americans did not build up savings during the COVID-19 pandemic, according to a new survey by YouGov, as fears mount that a recession could be looming on the horizon.



YouGov’s survey covered 20,000 adults across 18 major economies including Sweden, Spain, Australia, China, and India, and challenges the idea that households within the world’s major economies have a savings cushion that could bolster spending amid a potential economic downturn.

According to the survey, shared exclusively with Bloomberg, 51 percent of respondents stated that they had not added to their savings during the global pandemic, with Germany seeing the lowest rate of savings at 39 percent, while Italy stood at 40 percent.

The United States, United Kingdom, and Canada also saw results below 50 percent when respondents were asked if they had added to their savings.

Elsewhere, the survey showed that of those who did manage to build up their savings during the pandemic, just 53 percent have managed to hold onto them, while 26 percent have spent the savings on bills or other essential purchases.

Another 13 percent said they spent the cash on holidays and social events after lockdown restrictions were lifted, while 19 percent used their savings on home improvements or to move into a new house.

The latest survey comes as U.S. Treasury Secretary Janet Yellen said June 19 that she expects the U.S. economy to slow in the months ahead, but remained optimistic that a recession is “not at all inevitable,” despite concerns among economists that a downturn is on the horizon.

In an interview with ABC’s “This Week,” Yellen said that consumer spending remains strong, in spite of increased prices for everything from fuel to food, and that bank balances among Americans remain “high,” allowing for them to weather increased inflation.
“It’s clear that most consumers, even lower-income households, continue to have buffer stocks of savings that will enable them to maintain spending,” Yellen said.
“So I don’t see a drop-off in consumer spending as a likely cause of the recession in the months ahead, and the labor market is very strong, arguably the strongest of the postwar period.”
The national saving rate was about 4.4 percent in April 2022, the lowest since September 2008, according to data from the U.S. Bureau of Economic Analysis (BEA) published on May 27.

Separate data from Northwestern Mutual’s 2022 Planning & Progress Study showed that the average amount of personal savings dropped 15 percent from $73,100 in 2021 to $62,086 in 2022, although year-over-year numbers show that savings levels remain high, with 60 percent of those surveyed stating that they’d been able to build up their personal savings over the past two years.

However, inflation has reached a 40-year-high, surging to 8.6 percent in May, leaving Americans splashing out more for everyday essentials.
In an effort to bring down those inflation figures, the Federal Reserve raised its benchmark interest rate three-quarters of a percentage point on June 15 and Fed Chairman Jerome Powell said he expects “either a 50-basis-point or a 75-basis-point increase” at the July meeting.
“Overall economic activity appears to have picked up after edging down in the first quarter,” the Federal Open Market Committee said on June 15. “Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.”
“The Committee is strongly committed to returning inflation to its 2 percent objective,” the statement added.
Despite the concerns that lay ahead, Northwestern Mutual’s report found that 73 percent of American adults say they’ve adopted better financial habits due to the COVID-19 pandemic and all 73 percent expect to continue with those habits going forward, while 35 percent believe inflation will subside this year.
 

marsh

On TB every waking moment

marsh

On TB every waking moment

Biden Economic Adviser Asserts That More Government Spending Will Solve Inflation Crisis

THURSDAY, JUN 23, 2022 - 09:45 AM

Biden's “Build Back Better” efforts have been a phenomenal failure so far, but maybe that's because Americans just don't understand a good thing when they see it?

This has been Biden's argument on the state of the economy lately, as he persistently argues that there is no threat of recession because the US jobs market still “strong.” There is no mention from the White House regarding the fact that covid stimulus spending artificially drove up retail demand and created a temporary spike in jobs. If they were to admit that layoffs are about to ramp up because the covid checks are gone and people's credit cards are maxed out because of inflation, then Biden would have nothing left to brag about.

Biden economic adviser Cecilia Rouse responded to media question on the inflation situation in particular this week and offered even more propaganda, rather than an honest assessment of the dangers ahead. Remember, this is the same administration that was still saying only a year ago that inflation was “transitory” despite all evidence to the contrary. Yet, we're now supposed to trust their opinions on the potential for recession and solving inflation?


One of the key obstacles to “Build Back Better” is the reality of high inflation. If Biden gets what he wants, which is at bottom an infrastructure renewal plan similar to the New Deal plan under FDR during the Great Depression. Whether or not the New Deal actually saved the US economy is up for debate (the destruction caused by WWII left the US as one of the only major manufacturing nations still intact, and this was the main reason for the explosion in wealth and the national escape from poverty), but even if it made a difference the circumstances today are not the same.

The problem is that FDR was facing a deflationary crash in which the US dollar remained viable and strong. Today, we are dealing with a stagflationary crash in which price inflation is rampant and the dollar's buying power is growing ever weaker. One of the main reasons for this inflation is due to government spending and massive Federal Reserve stimulus created from thin air.

The US national debt when Barack Obama and Joe Biden entered office in 2008 was around $10 trillion. By the time Obama and Biden left in 2016, the national debt had doubled to $20 trillion. That's a 100% increase in only 8 years. Since 2016 the national debt has expanded to around $30 trillion. The Federal Reserve created over $6 trillion in a single year in 2020 to supply the government with currency for covid checks and PPP loans during the lockdowns. To be sure, the Federal Reserve is happy to continue destroying the dollar, but exponential government spending gives them the excuse to do it.

This is not even counting the spending required for long term government programs such as medicare and social security. And yes, programs like Social Security DO add to US debt and the Federal deficit and anyone that tells you otherwise is lying. Just because something is “off budget” does not mean it's not adding debt.

In March, Nancy Pelosi made a bizarre claim that in order to deal with inflation and bring down the national debt America need MORE spending, not less. Of course, anyone with a brain and a mediocre knowledge of fiscal responsibility knows that the national debt has little to do with inflation directly, and government spending always creates more national debt and inflation when it relies on fiat money printing from a central bank, which the US government does. One might write off Pelosi as a complete moron and they would be right to do so, but politicians like Pelosi do not make these kinds of statements in a vacuum.

Biden, Pelosi and other politicians rely on economic advisers and gatekeepers to write their talking points for them, and the narrative that government spending is a “good thing” that will eventually stop inflation is part of a much larger concerted propaganda effort; it is not just the ramblings of senile government hacks.

As we have seen recently from Biden's advisers, the all encompassing narrative is in support of massive spending as the magic talisman to ward off collapse. In other words, the claim is that we can print our way to prosperity. Cecilia Rouse argued that:

"The president is focused on inflation and in fact, Build Back Better is a long-run investment to increase economic capacity so that we're better able to address inflation. Parts of Build Back Better include addressing costs, such as prescription drugs. It includes making investments to make the transition to clean energy which we know we need to be making as well. So that's not the kind of dollars that is stimulus, it's investment, and it's the kind of investments that actually pay for themselves over time. So that's smart economic policy right now..."

This is utter nonsense. Infrastructure spending is stimulus; this is a fact. Increasing economic “capacity” does not address dollar devaluation, and creating projects from nothing in order to encourage spending does not address too many dollars chasing too few goods if you have to print even MORE dollars to make those infrastructure projects possible.

Ultimately, the government has no tools whatsoever to reduce inflation, they only know how to increase inflation. Beyond that, price controls (which Rouse seems to be embracing) do nothing but cause even more inflation because they destroy profit incentives. If producers and manufacturers can't make a profit on their goods because of price controls, then they will stop making those goods. Now you have increased shortages and prices rise again.

The true cost of the Build Back Better program if approved will hit approximately $5 trillion, and this spending would occur swiftly over the course of a couple of years, flooding the economy with even more fiat dollars at a time when inflation is (officially) at 40 year highs. Never in history has fiat spending ever reduced inflationary pressures, it only makes them worse. The real solution is a complete restructuring of the currency model, such as coupling a nation's money to a hard commodity like gold and a moratorium on deficit spending. Obviously Biden will never do this, and so, inflation is going to be a problem that Americans face for many months to come.

In the meantime, we get to listen to the people that told us inflation was not a threat now tell us that inflation can be solved with more inflation.
 

marsh

On TB every waking moment
Could Diesel Oil Shortages Cripple US Transportation Within 8 Weeks? LIVE

Could Diesel Oil Shortages Cripple US Transportation Within 8 Weeks?
Man in America Published June 23, 2022

LIVE AT 2PM ET: Biden and the far left “climate activists” are cheering on the collapse of oil and gas, as fuel prices skyrocket and critical engine additives vanish. And now, to make matters worse, a situation is emerging that could wipe out the entire supply of diesel engine oil across the U.S. until 2023, which could grind America to a halt. Could this really just be a freak coincidence, triggered by Covid or Putin, or is it part of the UN’s Net-Zero Carbon agenda—with the goal of steering all people and industries into their Great Reset? And if so, could it be the final straw that awakens and reunites We the People, and leads us back to the values that made us great in the first place? Join me live today for another critical update.
 

marsh

On TB every waking moment
View: https://www.youtube.com/watch?v=vugthdkwlPo

This Is Bad... Century Aluminum Shuts Down Due To Energy Inflation


The Economic Ninja


This Is Bad... Century Aluminum Shuts Down Due To Energy Inflation. Century Aluminum is largest U.S. facility and only volume producer of high purity aluminum.

^^^^^


Century Aluminum Says It Will Temporarily Idle Smelter Due to Energy Prices

June 22, 2022 at 4:23 p.m. ET

By Stephen Nakrosis

Century Aluminum Co. said Wednesday it will temporarily idle its smelter in Hawesville, Ky., "as a direct result of skyrocketing energy costs."

The company said it expects to begin the idling process on June 27.

Century Aluminum said it expects to idle operations for about nine to twelve months, "until energy prices return to more normalized levels." The company added that it is continuing to explore all available options to avoid the temporary curtailment.

Jesse Gary, the company's president and chief executive, said, "The power cost required to run our Hawesville, Ky., facility has more than tripled the historical average in a very short period." He also said, "We are confident that energy prices will moderate in the next year and believe strongly in the future prospects of the Hawesville smelter."

The smelter currently employs over 600 workers. Century said most of them received notice under the WARN Act that they will be temporarily laid off. "Century Aluminum is working with all of its employees and the local union to help identify unemployment support and training opportunities," the company said.

Century also said it doesn't have any current plans to idle any other facility.
 

marsh

On TB every waking moment

Biden's "Gas Tax Holiday" Would Actually Push Pump Prices Higher

THURSDAY, JUN 23, 2022 - 04:50 PM
While we know that Biden's proposed gas tax holiday is dead on arrival, and thus just another waste of time by the administration whose hot air emissions have singlehandedly raised global temperature by at least one degree, we would be remiss if we didn't point out just how stupid this latest suggestion truly was.

According to JPMorgan analyst, the Biden's admin's intervention to artificially lower gasoline prices would remove some of the incentive to curb consumption and would in fact push pump prices higher as artificially lower prices would encourage people to drive more.

Instead, long-term price relief can only be achieved when insufficient refining capacity and other supply-side issues are addressed or when demand declines significantly (i.e., Biden pushes the US economy into a recession). Indeed, as we discussed last night, proposed solutions under discussion include cutting fuel taxes, changing blending requirements, and capping fuel exports.

Before we get into the details, a quick anecdote on just how much Biden's tax holiday would "save"
The latest measure under consideration is a temporary halt in the federal gas tax—a key source of funding for federal roads and bridges—that could lower prices at the pump by 18.4 cents per gallon (the 18.4 cents per gallon comes from 18.3 cents in excise tax plus 0.1 cent in a storage fee). The national average price for a gallon was $4.955 per gallon on Tuesday, according to AAA. A gas tax holiday would require congressional action, putting the decision in the hands of an equally divided Senate.
How much would the tax holiday benefit an average American driver? If the federal gas tax was suspended for the rest of the summer, someone who drives 12,000 miles a year in a car that averages 22.8 miles per gallon would only save about $20.
So yeah, don't spend it all at once.


Americans drive a lot. Far more than residents in other countries



Mass motorization, sprawling suburbs, and an interstate system that crisscrosses most US urban areas have all promoted ubiquitous car ownership. Relatively lower costs of car ownership and use have in turn helped to drive car travel demand in the US higher than in the rest of the world (Exhibit 2).



Today a gallon of gasoline is almost twice as expensive in Europe than in the US. That may not come as a shock, but it has implications. US cars and trucks alone use twice as much fuel (12 mbd) than the next largest consumer—China. When compared to the EU, the US alone consumes 1.8 times more diesel and gasoline despite having almost 100 million fewer vehicles on the road. Consequently, the US consumes more petroleum than any other country, accounting for 20.6% of world’s consumption (Exhibit 3).



As millions of Americans prepare for summertime driving, including over next month’s July Fourth holiday, the Biden administration continues to look for ways to ease record fuel prices, including tax holidays and asking refiners to voluntarily cut pump prices. Cutting fuel taxes, changing blending requirements, and capping gasoline exports could each provide some temporary relief to US consumers, yet, until supply-side issues— namely, an acute shortage of refining capacity—are addressed, most measures intended to reduce the price of gasoline will instead likely encourage Americans to drive more, in turn leading to higher gasoline demand and yet higher gasoline prices.

And the sad punchline for the Biden admin: "The reality is that, with demand stimulated and supply constrained, fuel prices won’t drop until demand does."

Translation: Biden has to decide between lower prices and a recession.
 
Last edited:

marsh

On TB every waking moment

US Oil And Gas Exports Are Fueling Higher Domestic Prices

THURSDAY, JUN 23, 2022 - 06:39 AM
Authored by Kurt Cobb via OilPrice.com,
  • In the last decade, the U.S. oil and gas industry won a long-fought battle to lift federal restrictions that limited exports so that it could take full advantage of the shale revolution.
  • Today, that is one of the key reasons why the U.S. is unable to control the price of gasoline, diesel, and natural gas at home.
  • In the wake of Russia’s invasion of Ukraine and the resultant economic uncertainty, calls for self-sufficiency are likely to be amplified.
The U.S. oil and natural gas industry long fought for and in the last decade finally won release from federal restrictions that limited exports. The ostensible reason was that because of the so-called "shale revolution" in the country's oil and gas fields, the United States would have plenty of oil and gas to spare for export.

The real reason behind the push was that the oil and gas industry wanted what almost every other industry in America already had: The right to sell their products to the highest bidders no matter where they lived on the globe.



This made it almost certain that as U.S. prices rose to match world prices, U.S. consumers would feel the pain. And, since energy prices affect everyone who votes, they are always politically consequential.

So, it is unsurprising that with U.S. regular gasoline prices over $5 per gallon President Joe Biden lashed out at U.S. oil companies - which are having one of their best years even - saying they need to increase production of refined oil products. The companies have responded that their refineries are running at close to maximum capacity and so there is not much they can do in the short run.

What is left unsaid is that it has long been the policy of the United States to allow the export of refined (as opposed to crude) petroleum products such as gasoline, diesel, and heating oil. The country has a refinery capacity significantly in excess of domestic needs and so exports a considerable volume of refined products including about 1 million barrels per day (mbpd) of gasoline and 1.4 mbpd of diesel and heating oil (for the week ending June 10). If the U.S. were to curtail such exports in order to reduce prices at home, the country would be violating long-term commitments to free trade and free markets, and would be reducing supply and thus raising prices for customers abroad.

The boom in U.S. natural gas exports has also strained U.S. domestic natural gas supplies sending prices from less than $2 per thousand cubic feet (mcf) two years ago to about $7 per mcf today. (That's down from $9 recently.) That has meant sharply rising costs for residential and industrial heating and for natural gas-based plastics and other chemicals including nitrogen fertilizer derived from natural gas.

The boom in liquefied natural gas (LNG) exports now sends about 11 percent of U.S. natural gas production abroad (based on shipments from January through March 2022). The volume of LNG exports rose by a factor of 50 from 2011 through 2021. (See these numbers from the U.S. Energy Information Administration here and here.)

The world's free-trade advocates have long insisted that all commodities should circulate freely across the globe going to the highest bidder. These advocates also believed that government policies should not favor or subsidize one industry over another. The idea was crystallized in 1992 by Michael Boskin, chair of the White House Council of Economic Advisors under President George Bush, when Boskin was asked whether the United States should have a policy that encouraged domestic semiconductor production. He is reported to have said, "Potato chips, computer chips—what's the difference?"

Today, the country is talking about the very same issues. Does the United States need an industrial policy regarding semiconductors? Should the United States curtail oil exports? A debate on natural gas exports is likely to erupt soon.

It turns out that it really does matter whether a country produces potato chips or computer chips. In the wake of the Russia/Ukraine conflict which has resulted in the sudden breakdown and wrenching realignment of the global trading system countries around the world are grappling with shortages of food, fuel, and crucial industrial goods including semiconductors.

If nations increasingly decide that self-sufficiency and affordable domestic prices for exportable goods are more important than so-called free trade, look for many more dustups about whether governments should be more involved in setting industrial policies and determining what can and cannot be exported.
 

marsh

On TB every waking moment

The Inflation Solutions Are Even Worse Than The Problem

THURSDAY, JUN 23, 2022 - 12:45 PM
Authored by Michael Maharrey via SchiffGold.com,

As Americans labor under the burden of inflation, the Biden administration keeps telling us the economy is just fine. White House press secretary Karine Jean-Pierre recently said we are “transitioning” to “steady and stable growth.” As a result, she claims the American people are in a place where they can “take on inflation.”

Americans aren’t buying it. In fact, they’re buying less of everything as rising prices squeeze their wallets. Consumer confidence has plunged to historically low levels. But as bad as things are, the worst could still be yet to come because the proposed solutions are worse than the problem.

In the first place, it’s important to understand that the impacts of inflation are far worse than the official numbers indicate. The government uses a cooked CPI formula that understates rising prices. Back in 1998, the government significantly revised the CPI metrics. Even the Bureau of Labor Statistics (BLS) admitted the changes were “sweeping.” Measured using the old formula, CPI would be running closer to 17%.

For instance, we’ve seen a staggering increase in housing prices over the last year or so. The average price of an existing home topped $400,000 for the first time ever in May. Rent has also gone through the roof. But the CPI doesn’t capture the full impact of rising home prices. The government uses a made-up number known as “owner’s equivalent rent” to calculate housing prices. This number understates the cost of housing and it makes up about 1/3 of the CPI calculation. Actual home prices are up about 20%. Rent is up over 15%. The CPI calculation for shelter is only up about 5.5%. It simply doesn’t reflect reality.

No matter how the talking heads spin it, we know the economy is a mess. We live it every day. More distressing, it’s probably going to get worse because the plans to tackle inflation are more of what caused it in the first place.



Solutions Worse than the Problem
So, what is the plan to tame inflation?

Senate Finance Committee Chair Ron Wyden (D) plans to introduce legislation to impose a surtax on “excessive” oil company profits. According to one popular narrative coming out of the Democratic Party, oil company price gouging is causing inflation. But this doesn’t stand up to scrutiny.

And while punishing “greedy” oil companies certainly has populist appeal, it won’t do anything to solve the problem. You could confiscate all of the oil company profits and hand them out to the American people and they would hardly notice the difference.

Furthermore, if you take the profit out of drilling for oil, nobody will drill for oil. It would ultimately create an even bigger supply problem than we have right now.

The inflation-fighting plan announced by the White House mostly involves spending more money. In a Wall Street Journal op-ed, President Biden claimed, “We can lower the cost of child and elder care to help parents get back to work.” Lowering the cost of childcare is code for government-subsidized childcare. He also alluded to the stalled “Build Back Better” bill, which is basically a $2.2 trillion spending plan. Biden wrote, “We can also reduce the cost of everyday goods by fixing broken supply chains, improving infrastructure…”

But government spending isn’t the solution. It’s the problem. The White House press secretary lauded the “American Rescue Plan” as the first step toward recovery. But in reality, Americans need rescuing from that rescue plan.

In effect, governments shut down the economy and handed out money for people to spend. Supplies were squeezed because nobody was producing goods and services. But demand never dropped because everybody had their pocket stuffed with stimulus money. In effect, the government flooded the economy with money even as it starved it of goods. Of course, prices went through the roof. This was entirely predictable.

Now the Biden administration wants spend more – the exact policy that got us in this inflation mess to begin with.

The Federal Reserve appears equally feckless. It took a more aggressive stance during the last FOMC meeting, raising interest rates by 75 basis points. But it remains so far behind the inflation curve that it can’t even see it.

To truly tame inflation, real interest rates need to rise above the level of inflation. Paul Volker raised rates to 20% in order to slay the inflation dragon. The current 1.5% rate is spitting into the wind in the face of an 8.6% CPI (which is understating inflation.)

Given all of the debt in the economy, the Fed can’t possibly raise rates to that level without popping the bubbles and toppling the house of cards economy. The Fed is at a crossroads – either continue the inflation fight and plunge us into a deep recession or surrender to inflation and destroy the dollar.

Neither scenario is particularly desirable. So brace yourself because things will likely get worse before they get better.
 

marsh

On TB every waking moment

Initial Jobless Claims At 5-Month Highs As Layoffs Accelerate

THURSDAY, JUN 23, 2022 - 05:39 AM
The number of Americans seeking jobless benefits for the first time was 229k last week, pushing the 4-week average to its highest since late-January.

Additionally, continuing claims rose very modestly from 1.31 million to 1.315 million Americans.


Source: Bloomberg

Michigan and Connecticut saw the biggest increase in claims last week while Illinois and Florida saw the largest decrease...



Overall, the total number of Americans on some form of dole rose over 14,000 to almost 1.3 million people...



We suspect things are about to accelerate rather notably in claims data as layoffs have very recently started to accelerate dramatically...


Source: LayoffsTracker.com

Mission Accomplished Mr.Powell?
 

marsh

On TB every waking moment
Food Scarcity Next: What It Means for the World and You | Guest: Lt. Col. Tommy Waller | Ep 194 27:10 min

Food Scarcity Next: What It Means for the World and You | Guest: Lt. Col. Tommy Waller (Center for Security Policies) | Ep 194
Economic War Room Published June 23, 2022

Henry Kissinger said, “You control the food, you control the people, you control the energy, you control nations, you control money, you control the world.” We will see the downstream effects of what's happening in Ukraine almost immediately hurting the Middle East, North Africa, and Europe, especially those countries that depend on food imports because they can't produce it themselves. The U.S. is also at risk, and it is part of our national security that is not effectively being addressed. Lt. Col Tommy Waller joins Kevin Freeman in the Economic War Room, explaining where we are headed today and the solutions we should be working toward.
 

marsh

On TB every waking moment

[EU] MEP Cristian Terheș Calls Out Ursula von der Leyen, the Weaponization of Health, and the Sinister Motives of Creating a Digital Tyranny
Red Voice Media Published June 23, 2022

"Mr. Commissioner, the Digital Green Certificate was the first instrument imposed by Ursula von der Leyen that is leading to the Chinafication of Europe and to a digital tyranny."
"The usage of this certificate in the last year proved that the real purpose of it did not have any medical reasons but to actually 'domesticate' the EU citizens into compliance and submission."
Source: View: https://twitter.com/CristianTerhes/status/1539856363555266560?s=20&t=kT2k4X7edKoixBdhbDr6Jw
 

marsh

On TB every waking moment
We're Still Doing This? German Health Minister Insults and Berates the Unvaccinated .38 min

We're Still Doing This? German Health Minister Insults and Berates the Unvaccinated
Red Voice Media Published June 23, 2022

After having healthcare workers fired who rejected getting three jabs, the German Minister of Health Propaganda insulted and ridiculed their protests against his totalitarian and biofascist policies:

"Thanks to the hard-working nurses, we saved many lives. But YOU, those protesting against the vaccine, your work was worth NOTHING!"

It leaves me speechless how shameless politicians in Germany are acting 80 years after the fall of the Third Reich again.

NEVER AGAIN!
Credit: Dr. Simon
 

marsh

On TB every waking moment
INSANITY: Biden Says Those Angry At Gas Prices Would Rather Have Putin Invade Europe .22 min

INSANITY: Biden Says Those Angry At Gas Prices Would Rather Have Putin Invade Europe
Dinesh D'Souza Published June 23, 2022

(COMMENT: Perhaps Europe should finally take care of European problems. The European globalists wanted to be the new superpower, let them put their money and military where their mouth is. We already saved their ass once, we need to tend to our own garden before we tend to someone else's. Don't want America as a superpower? You have your wish. I don't think we should be putting out other country's fires while the American economy burns. )
 

marsh

On TB every waking moment

Trump-era Interior Secy. Zinke gives his take on inflation, gas prices
One America News Network Published June 23, 2022
Trump-era Interior Secretary and Republican congressional candidate Ryan Zinke weighed in on issues important to Montanans ahead of November's election. One America's John Hines has more from Washington.

(There is a difference between a lease and a permit. You can have a lease, but you need a permit to drill. )
 

raven

TB Fanatic
INSANITY: Biden Says Those Angry At Gas Prices Would Rather Have Putin Invade Europe .22 min

INSANITY: Biden Says Those Angry At Gas Prices Would Rather Have Putin Invade Europe
Dinesh D'Souza Published June 23, 2022

(COMMENT: Perhaps Europe should finally take care of European problems. The European globalists wanted to be the new superpower, let them put their money and military where their mouth is. We already saved their ass once, we need to tend to our own garden before we tend to someone else's. Don't want America as a superpower? You have your wish. I don't think we should be putting out other country's fires while the American economy burns. )
Europe’s eastern boundary is typically given as the Ural Mountains, which run north to south from the Arctic Ocean down through Russia to Kazakhstan.
Which means that Western Russia is part of Europe.
None of the US is part of Europe.

As far as invading, Russians have been slogging away at this for 4 months and have not been able to get past the Dnieper. They could not make an amphibious landing in Odesa. It does not appear they can get to the Polish border.

The European Union is three times that of Russia. The EU economy is 12 times that of Russia. The EU has been acting the Freeloading brother-in-law and needs to step up or dissolve. and that does not include Great Britain.
The only way Russia could invade Europe is if they were all Frenchmen. But no worries because Great Britain can save em.

This arguement that Europe must be saved is "fake news"
 

marsh

On TB every waking moment

Food Inflation Is The Litmus Test

THURSDAY, JUN 23, 2022 - 02:00 PM
By Russell Clark published on the Capital Flows and Asset Markets substack

The original cause of food inflation was African Swine Flu (ASF) that sent Chinese pig prices soaring, and incentivised Chinese farmers to import grain. However, with the rebuilding of the pig herd in China, pork prices have fallen back to levels seen before the ASF outbreak.



I have added in US pork prices to give some context. In early 2020, Chinese pork prices were nearly 7 times that of the US. Now, the difference is more in line with historical averages.



This led to a surge in corn and pork imports to China. I have left pork on the same scale as you need four tonnes of corn to make one tonne of pork, so you can see that pork imports were also a big deal. China was by far the biggest importer of corn and pork at peak import levels.



Weak Chinese pork prices has occurred at the same time corn prices have been soaring due to the Russian/Ukrainian war. Chinese pork prices relative to Chinese corn prices are now at close to the lowest ratio ever, implying significant losses for pig farmers. Or to put in another way, either the pork price is too low, or the corn price is to high.



If I take a look at the CRB Food index, which is a good proxy for agricultural products, and at all time highs, with my “free market hat” on - I would say that agricultural products like corn should be a short here. Chinese pork production has recovered, pork prices have normalised, and pig farmers can’t make money here. Ag prices “must” fall - in a free market.



But here is the rub. China has always placed food self sufficiency as a very high political priority.

Now the African Swine Flu was hopefully a one off crisis, that required China to draw upon the agriculture surplus of the world. But the fact is that even with pork prices back at low levels, China is still heavily reliant on US corn imports.



To try and bring about more domestic production, Chine has been increasing subsidies to Chinese farmers, and placing tariffs on US imports, which has meant that Chinese prices are consistently higher than US prices.



If you look at the graphs above, you need to get bearish on US corn prices when Chinese imports of corn fall. So how likely is its that China becomes self sufficient in corn again? The biggest problem China faces is that to total grain production has been stagnating for seven years now. This is largely due to lack of arable land, that can be brought onstream.



So how can China guarantee food supply? Well it needs to keep domestic prices high, and most likely keep world prices high, to promote more production from areas other than the US, most likely Brazil and Argentina. Suddenly the dip in food prices is offering up a litmus test for my new investing process, which incorporates politics. If buy the dip works with ags, then we have truly left the free market macro era behind.

(COMMENT: The big issue this fall and into next year will be food availability. Americans assume that food inflation may push upon them choices such as selection of more generic brands and in-season veggies. With the trucking and train diesel situation having a greater and greater effect on the transportation of food, and the impact that the expense of fertilizer and diesel is having on farmers plus the weather/drought, it is fair to say that more Americans will suffer food insecurity than expect to. It will be shocking, like the formula crisis.)
 
Last edited:

marsh

On TB every waking moment

Food Riots Continue In Sri Lanka As The Military Begins Shooting

by Mac Slavo | Jun 23, 2022 | Headline News | 0 comments
srilankfoodriots.jpg

The starving and hungry people of collapsing Sri Lanks have been rioting over the cost of food and lack of energy. As if things couldn’t get worse, the ruling class has taken to gunning down those who stand against being ruled.

People are starving and are without gas or electricity, and now they are rioting as a society completely collapses. To make matters worse, the military is gunning people down. This is a glimpse into the future here if the rulers of Western countries continue. Once they collapse it around us, we will be the ones starving while the government makes sure it can remain intact and functional. That means we’ll still get stolen from and be forced at the barrel of the fun to comply with whatever they say.

According to a report by StrangeSounds, troops fired in Visuvamadu, 365 kilometers (228 miles) north of Colombo, on Saturday night as their guard point was pelted with stones, army spokesman Nilantha Premaratne said. “A group of 20 to 30 people pelted stones and damaged an army truck,” Premaratne told the Associated FreePress.
Police said four civilians and three soldiers were wounded when the army opened fire for the first time to quell unrest linked to the worsening economic crisis.
As the pump ran out of petrol, motorists began to protest and the situation escalated into a clash with troops, police said. -Strange Sounds
Sri Lanka is suffering its worst economic crisis since “independence”, with the country unable to find dollars to import essentials, including food, fuel, and medicines. (Anyone who actually believes anyone other than the rulers are “independent” in Sri Lanka has a lot of cognitive dissonances to evaluate).

The nation’s population of 22 million has been enduring acute shortages and long queues for scarce supplies while President Gotabaya Rajapaksa has for months resisted calls to step down over mismanagement. Sri Lanka has deployed armed police and troops to guard fuel stations.

The rulers will put their armed thugs in front of the fuel, keeping it for themselves while the slaves can only beg. And people wonder why the world is reaching a tipping point.

A motorist was shot dead by police in April in the central town of Rambukkana when a clash erupted over the distribution of rationed petrol and diesel. Police have said that clashes involving motorists have erupted at three locations over the weekend. At least six constables were wounded in one clash while seven motorists were arrested.

Four out of five people in Sri Lanka have started skipping meals as they cannot afford to eat, the United Nations has said, warning of a looming “dire humanitarian crisis” with millions in need of aid.

This will not be limited to Sri Lanka, it is only just beginning there. People in Belgium are being starved right now.

The rulers have been broadcasting that this is what they intend to do to the world.
Zelensky: “A Severe Food Crisis And Famine” Is On The Way
Famine Incoming: Engineered Collapse Of The Food Supply Chain
NWO Rulers Warn Of “Famines of Biblical Proportions”

The time to pay attention was two years ago when all of these agendas became obvious and the Great Reset started with the abject tyranny and collapse under the guise of COVID-19.
 

marsh

On TB every waking moment

Biden Demands Gas Stations Lower Prices At Pump, Despite Incredibly Low Margins
Gas stations only make 1.4% of profit at the pump on average.

Jack Hadfield
ByJack Hadfield Published6 hours ago

Joe Biden has demanded that gas stations lower the cost of price at the pump, ignoring the low margins that come with selling gas.

On Wednesday, Biden spoke on the price of gas, caused by rising global prices in oil production due to the war in Ukraine, potentially exacerbated by the Democrat push towards renewable, “clean” energies, including the shuttering of the Keystone XL Pipeline.

“To the companies running gas stations and setting those prices at the pump. This is a time of war, global peril, Ukraine. These are not normal times,” Biden said. “Bring down the price you are charging at the pump to reflect the cost you are paying for the product. Do it now. Do it today! Your customers, the American people, they need relief now!”

View: https://twitter.com/i/status/1539673235981230080
.30 min

However, despite what Biden asserted, the companies controlling the gas prices are not the stations themselves. The majority of gas station owners are individuals, who are either franchisees, or independent operators, according to data from the National Association of Convenience Stores.

Selling gas is consistently one of the least profitable businesses to get into, according to year on year data from Sageworks. In 2018, gas stations were the 7th least profitable industry overall, with an overall profit margin of only 2.4% in total.

In fact, that profit margin is bolstered only by the sale of more profitable sources of income, with the profit margin made on selling gas itself hitting on average only 1.4%, according to IBISWorld, with gas stations making around between 5 to 7 cents of profit per gallon. 70% of profit at gas stations is made inside the convenience store itself.

The vast majority of gas price make-up comes from the price of crude oil itself, with refining and taxes also being responsible for taking another significant cut.

During the same speech, Biden asked incredulously if there were Republicans who would “rather have lower gas prices” domestically than create massive inflation by sending taxpayer dollars to Ukraine and causing international tension with Russia.

Many Americans reacted to the clip by affirming that they would, in fact, rather have lower gas prices than send massive amounts of money to Ukraine and stoke a possible armed conflict with Russia.
 

marsh

On TB every waking moment

TRISH REGAN: Biden’s Plan For Socialism In The U.S.A.

June 23, 2022


President Joe Biden has repeatedly gone beyond his executive branch authority and pushed for more and more federal spending. Now Trish Regan is explaining what it all means on her podcast.

“It really amazes me the lengths to which politicians and other officials in Washington, D.C. will go to to in order to pass the buck, right?” Trish Regan said on her podcast. “This is actually a dangerous phenomenon when you think about it because the creep toward socialism starts here. The creep toward Venezuela-style socialism begins with Joe Biden, and we are seeing it echo throughout Washington, D.C.”

Trish Regan pointed out the head of the Federal Reserve is now blaming Americans and their demand levels instead of the Fed printing massive amounts of money.

“Couple that with Joe Biden blaming big oil,” Trish added. “We have ourselves a bit of a problem, America, and it’s time that everybody wake up…”

Biden's Plan for Socialism in the U.S.A. -Trish Regan Show S3/E110 13:43 min
 

marsh

On TB every waking moment

This 5-tweet thread on how a company prices its products (hint: gas) should be on Joe Biden’s required reading list
Posted at 2:02 pm on June 23, 2022 by Greg P.

Timothy Sandefur, vice president of the Goldwater Institute, was kind enough to provide the five-tweet thread explaining Economics 101 to President Joe Biden on just how prices work:

Hint, hint, Mr. President. This works for gas prices, too:

This is news to the president, however.

Yet, this is exactly what the White House is saying oil companies can do:

And then he hit the president, metaphorically, upside the head with this essay from Austrian School economist Ludwig von Mises on how all of this actually works:

The above is an excerpt from MIses’ “The Source of Prices”, via the Mises Institute:

The characteristic feature of the market price is that it tends to equalize supply and demand. Any deviation of a market price from the height at which supply and demand are equal is — in the unhampered market — self-liquidating.
At times governments have resorted to maximum prices, at other times to minimum prices for various commodities. At times they have decreed maximum wage rates, at other times minimum wage rates. It is only with regard to interest that they have never had recourse to minimum rates; when they have interfered, they have always decreed maximum interest rates. They have always looked askance upon saving, investing, and moneylending.
But if the government fixes prices at a height different from what the market would have fixed if left alone, this equilibrium of demand and supply is disturbed. Then there are — with maximum prices — potential buyers who cannot buy although they are ready to pay the price fixed by the authority, or even a higher price. Then there are — with minimum prices — potential sellers who cannot sell although they are ready to sell at the price fixed by the authority, or even at a lower price. The price can no longer segregate those potential buyers and sellers who can buy and sell from those who cannot. If the authority does not want chance or violence to determine the allocation of the supply available, and conditions to become chaotic, it must itself regulate the amount which each individual is permitted to buy. It must resort to rationing.

Before the government interfered, the goods concerned were, in the eyes of the government, too dear. As a result of the maximum price their supply dwindles or disappears altogether. The government interfered because it considered these commodities especially vital, necessary, indispensable. But its action curtailed the supply available. It is therefore, from the point of view of the government, absurd and nonsensical. A government can no more determine prices than a goose can lay hen’s eggs.

If the government is unwilling to acquiesce in this undesired and undesirable outcome and goes further and further, if it fixes the prices of all goods and services and obliges all people to continue producing and working at these prices and wage rates, it eliminates the market altogether. Then the planned economy, socialism of the German Zwangswirtschaft pattern, is substituted for the market economy.

Prices are by definition determined by peoples’ buying and selling or abstention from buying and selling. They must not be confused with fiats issued by governments or other agencies enforcing their orders by an apparatus of coercion and compulsion.

Prices are a market phenomenon. They are generated by the market process and are the pith of the market economy. There is no such thing as prices outside the market. Prices cannot be constructed synthetically, as it were.

The very idea of cost prices is unrealizable. The reason why the price of Burgundy is higher than that of Chianti is not the higher price of the vineyards of Burgundy as against those of Tuscany. The causation is the other way around. Because people are ready to pay higher prices for Burgundy than for Chianti, winegrowers are ready to pay higher prices for the vineyards of Burgundy than for those of Tuscany.

Prices of the market are the ultimate fact for economic calculation. Attempts to eliminate monetary terms from economic calculation are delusive. No method of economic calculation is possible other than one based on money prices as determined by the market.

The pricing process is a social process. It is consummated by an interaction of all members of the society. All collaborate and cooperate, each in the particular role he has chosen for himself in the framework of the division of labor. Competing in cooperation and cooperating in competition all people are instrumental in bringing about the result, viz., the price structure of the market, the allocation of the factors of production to the various lines of want-satisfaction, and the determination of the share of each individual.
Now, go read it Mr. President.
 

marsh

On TB every waking moment

Clarence Thomas: Expanding The Administrative State Comes At The Expense Of The Constitution

BY: MICHAEL PACK AND MARK PAOLETTA
JUNE 23, 2022

Clarence Thomas sitting in interview

IMAGE CREDITLIBRARY OF CONGRESS/YOUTUBE

‘The whole point was to keep the government in this box … the structure was the main way to protect your liberty,’ Thomas said.

Author Michael Pack And Mark Paoletta profile

MICHAEL PACK AND MARK PAOLETTA

During his tenure on the Supreme Court, Justice Clarence Thomas has questioned the constitutional basis with respect to the growth of the administrative state, whereby a federal agency amasses legislative, executive, and judicial de facto powers. He has raised concerns that this development is contrary to the Founders intentional design in the Constitution to separate the powers of those three branches, and this amassing of power is a threat to our liberty.

After three decades of service on the court, few know Thomas beyond his contentious confirmation and the surrounding media firestorm. The following interview is an excerpt from “Created Equal: Clarence Thomas in His Own Words,” where Thomas unpacks his views on the administrative state and much more.

Michael Pack: Let me ask you about another set of issues that have come up. You’ve been a leader in the administrative state cases. What is at stake there? It seems to be a question of liberty again.

Clarence Thomas:
The very people who say they don’t want the government in their lives want this sort of expansive administrative state, which is in their lives, and then every aspect of their lives. And a lot of it comes at the expense of the very structure of the Constitution that is intended to prevent the government from coming in. The separation of powers, the enumerated powers, federalism. The whole point was to keep the government in this box.

Justice Scalia and I often talked about that, that the structure was the main way to protect your liberty. The danger in the administrative state is seeing those powers all coalesce again in various agencies. If you think about your life today, there’s very little major legislation that comes from the legislature. The legislation comes in the form of regulations from agencies.

They tend to have all three powers. They have the executive power, the enforcement power, they have administrative judges to adjudicate, so they have all three. And the question for us is, where do they fit in the constitutional structure?

When a private right is somehow intruded upon by one of these agencies, what is the role of the federal courts? If we simply defer to the agencies, which is what we do now, in many cases, aren’t we doing precisely what happened when it came to the royal courts of the pre-Revolutionary era? How does that make us any different? You’ve got this creation that sits over here outside the Constitution, or beyond the Constitution. How does it fit within our constitutional structure? How’s it limited and what is the risk that it will actually vitiate the constitutional protections that we have?

We have a form of government where we’ve limited the national government in what it can do. We’ve separated the powers. You’ve got enumerated powers. One of the ways that we’ve limited the national government is to divide the power. You said, “Here’s the legislative power, here’s the judicial power, here’s the executive power. That structure was very important to keeping the national government at bay. You also had federalism, in other words, that the states had most of the authority, and certainly the local authority, beyond what was in the Constitution and the rest remained with the individuals.

MP: I think it was James Madison who said that if you combine the executive, legislative, and judicial in one person, or branch, it’s the very definition of tyranny.

CT:
That’s wonderful rhetoric, and it plays out that way when people look at agencies, and they think, “Of course I have no way to defend myself against an agency.” And what we have simply been trying to do is to raise the question of what are the limits of that. There are different views about it. But at least when you look back at guys like [Frank] Goodnow or Woodrow Wilson or the Progressives at the close of the nineteenth century and in the early twentieth century, at least you have the advantage of them being candid. To some extent, they meant “progress”—to progress beyond the Constitution. And how that is consistent with the Constitution is something I think is worth discussing.

MP: They were clear, too, that they believed in experts and agencies rather than in traditional legislating by elected members of Congress.

CT:
I think to some extent they thought that the quaint ideas that the Framers had were anachronistic, at best, and that you could have someone who understood how a government should operate or how a policy should operate. Once you lose the notion of self-governing, that of self-governance, then where are we? And I think the stark choices are between government by consent and being ruled. And perhaps some people think that we can have a little of both. But good luck! I think the tendency throughout history is that once people get authority to rule, they tend to rule more, not less.

MP: When people use the expression, “the administrative state,” what does that mean?

CT:
I think that’s their way of saying we’re being governed by administrative agencies. And it’s like affirmative action, who knows? You get a sense of what they’re talking about, but I think we have to be more precise in defining the relationship between, say, a specific agency and the constitutional protections. I think most people don’t follow administrative cases and they don’t think about the role of these financial boards or the environmental boards. People like a particular policy. Then they’ll argue about the policy and not think about how you got to that policy. And I think how you got there, and by what authority, is the more important question for us, not the policy itself.

MP: The phrase “the administrative state,” itself, implies that each of these little agencies has some particular role, but when you accumulate all of them together, it looks like almost a fourth branch of government.

CT:
I don’t know which agencies are little anymore. I ran EEOC and it was small. But look at the reach and the effect that you could have. I ran that little Office of Civil Rights at the Department of Education, look at the reach and the things that it could affect. So the reach is nationwide.
 

marsh

On TB every waking moment

June 23, 2022
Trickle-down lawlessness
By Ned Cosby

Years ago, when I was studying leadership in the Coast Guard's Officer Candidate School, we were told that a good leader never asks his crew to do something he would not be willing to do. I always thought there was an appealing symmetry to that maxim. Another symmetrical interpersonal mantra that appealed to me was treat others the way you want to be treated.

According to Google Maps, I live 35.2 miles from the U.S. Capitol building, where a different kind of leadership oozes from those famous halls. To our distress, these leaders are becoming infamous. The leadership mantra from Capitol Hill these days is do as we say and don't question what we do.

Once upon a time, politicians in Washington were called "public servants" working for We The People. Times have changed, and the relationship between legislators and citizens has become more asymmetrical.

Symmetry implies balance, and asymmetry paints a picture of something out of balance. We The People are losing power, and the politicians are gaining power. A British historian, Lord Acton, said, "Power tends to corrupt and absolute power corrupts absolutely."

If there were a corruption scale where a score of 10 meant honest government and a score of 1 stood for toxically corrupt government, I would give Washington, D.C. in 2022 a score of 0.

The corruption in our nation's capital is profoundly disheartening. If We The People see our leaders act lawlessly, why should we bother to obey the laws enacted by these same lawless leaders?

We hear about rising crime in our cities. It is dangerous and embarrassing. All sorts of solutions are offered, but what about dealing with trickle-down Capitol Hill lawlessness?

238795_5_.jpg

Image by Andrea Widburg using a photo of Mitch McConnell by Gage Skidmore (CC-BY-SA 2.0).

Out here in the hinterlands, we live our lives, we listen to the news, and we fret about the future of our country. As we listen to the news, inconvenient questions bubble up in our minds like...
  • Why are the FBI and the Secret Service covering up for Hunter Biden instead of investigating him?
  • Have the Bidens really taken $31 million from the Chinese, and if so, why is that OK?
  • Why are we allowing millions of illegal aliens to enter America through our southern border?
  • Why is okay for the left-leaning to protest angrily, but the same is illegal for right-leaning protesters?
  • Why was Hillary Clinton allowed to sabotage our 45th president?
  • Why wasn't Hillary Clinton prosecuted for mishandling classified material?
  • Why did Janet Reno and the FBI bulldoze a crime scene in Waco, Texas?
  • Why was Senate majority leader Chuck Schumer allowed to publicly threaten two justices of the Supreme Court?
  • Why did the Supreme Court disrespect 19 states that questioned the management of the 2020 election?
  • Why do we allow our politicians to take money from China and other enemies?
  • Why do our politicians act like Tom and Daisy Buchanan in F. Scott Fitzgerald's The Great Gatsby? "Tom and Daisy — they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made."
The primary job of any government is to keep its people safe and secure. It feels as though that imperative has been replaced by maintain the power of the democrats at all costs.

A wise patriot once said, "When the people fear the government there is tyranny. When the government fears the people there is liberty." We are experiencing the former and longing for the latter.
 

marsh

On TB every waking moment

Biden’s gasoline plan calls on everyone outside of the White House to do their part

Gas tax holiday estimated to save average American $8.64 per month

President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci)
President Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci)

By Ramsey Touchberry and Joseph Clark - The Washington Times - Wednesday, June 22, 2022
President Biden on Wednesday announced his plan to reduce sky-high gasoline prices that relied on just about everybody — state governments, Congress, oil companies — besides the White House to do something about it, but just about everybody involved panned the “call to action.”

Mr. Biden called for Congress to pass a three-month suspension of the 18.4-cent-per-gallon federal tax on gasoline and the 24-cent-per-gallon federal tax on diesel.

He urged states to pause their gas taxes, many of which are higher than the federal rate. The president also asked the oil industry to lower its profits while increasing supply and refining capacity.

“I’m doing my part,” Mr. Biden said. “I want the Congress, states and the industry to do their part as well.”

The White House said the actions, taken together, could reduce fuel prices by up to $1 per gallon.

The proposal met swift blowback from members of the president’s party. Democratic leaders in Congress revolted against his call to suspend the gas tax.

“I’m going to look at it — certainly — sympathetically, in the sense that the president is trying to do what I think is a good objective,” said House Majority Leader Steny H. Hoyer, Maryland Democrat. “What I’m not sure of is, in fact, that will have the intended effect … and whether it will save consumers money.”

Rep. Peter DeFazio, Oregon Democrat and chairman of the Transportation and Infrastructure Committee, said it was a “well-intentioned but ill-conceived policy.”

“I’m going to be working against it,” he said. “I do not support suspending the gas taxes. You know what happens in this town? You suspend the tax, it’s gone forever. Because then what? This ends in September, [then Republicans say,] ‘Democrats are raising your taxes!’”

House Speaker Nancy Pelosi, California Democrat, previously characterized a gas tax holiday as a public relations stunt.

On Wednesday, she said she will “see where the consensus lies on a path forward for the president’s proposal in the House and the Senate.”

The Democrats’ pushback against the leader of their party was striking. The price of gasoline is a top concern of voters in a tough midterm election year for Democrats.

Mr. Biden’s scramble for a solution to Americans’ pocketbook problems and the willingness of his Capitol Hill allies to reject his efforts underscored congressional Democrats’ mounting frustration with the White House.

The states, including Democratic-led states, are not likely to heed Mr. Biden’s call, either.
Although many states have considered it, just four — Maryland, Georgia, Connecticut and New York — have implemented a gas tax holiday. Florida approved a one-month suspension of its gas tax starting in October.

Tax analysts said Mr. Biden has little choice but to rely on Congress to pause the federal gas tax.

Executive action won’t work, they said.

“It’s a classic power of the purse situation,” said Alex Muresianu, an analyst at the Tax Foundation, an independent think tank in Washington. “It’s something that should fall under the purview of Congress.”

Even if Mr. Biden could waive the tax unilaterally, it’s not a good move, according to critics.

They say it would be a drop in the bucket when the national average price of gas is just shy of $5 per gallon.

The average American uses about 47 gallons of gasoline per month, according to the Federal Highway Administration. At $5 per gallon, the average American would save about $8.64 per month from a federal gas tax holiday.

“I fully understand that a gas tax holiday alone is not going to fix the problem,” Mr. Biden said.

“But it will provide families some immediate relief, just a little bit of breathing room, as we continue working to bring down prices for the long haul.”

Opponents are skeptical that gas stations would pass the marginal savings down to consumers.

They also worry that it would siphon billions of dollars from the Highway Trust Fund, which relies on the gas tax to pay for road projects.

“It’s a huge gimmick that’s not going to help very much in the near term, and it’s going to make things worse over the medium term,” said Marc Goldwein, the senior policy director for the Committee for a Responsible Federal Budget.

Economists say rising gas prices are primarily the result of high demand and low supply.

“If prices are going up, subsidizing demand doesn’t make a whole lot of sense. That would make the problems worse,” Mr. Muresianu said.

The Biden plan does call for some supply-side solutions.

“I know my Republican friends claim we’re not producing enough oil and I’m limiting oil production,” Mr. Biden said. “Quite frankly, that’s nonsense.”

He touted his move to release 1 million barrels of oil per day from the Strategic Petroleum Reserve, part of the administration’s coordinated effort for “the largest release of global oil reserves in history.”

Mr. Biden blamed corporate greed for high gas prices.

“This is a time of war, global peril, Ukraine,” he said. “These are not normal times. Bring down the price you are charging at the pump to reflect the cost you are paying for the product.”

Industry executives and economic experts say U.S. refineries are already close to maximum production.

“Refineries are operating at about 95% of capacity, so there’s really not much more they can do,” said Jonathan Lesser, president of Continental Economics and adjunct fellow at the Manhattan Institute.

“Secondly, you’ve got Secretary of Energy Granholm saying, ‘Oh, we’re not going to need any of this in five to 10 years,’” he said. “Why would anyone invest billions of dollars to expand refinery capacity and face all the environmental hurdles?”

He said there is no quick fix to the problem.

Energy Secretary Jennifer Granholm and other administration officials are scheduled to meet Thursday at the White House with major oil companies, including Chevron and Exxon Mobil.

Mr. Biden told major oil companies in a letter last week that “refinery profit margins well above normal being passed directly onto American families are not acceptable.”

He warned that he could use the Defense Production Act to force the industry’s hand.

The comments sparked a tense row between oil executives and the White House.

Chevron on Tuesday told Mr. Biden that if he is truly interested in blunting high gas prices, then his administration should stop demonizing oil companies and instead engage in “honest dialogue” about the importance of domestic production.

Mike Wirth, chair and CEO of the energy giant, said “clarity and consistency” from the White House on energy policy would do more to rein in gasoline prices than name-calling and threats.

Frank Macchiarola of the American Petroleum Institute said policymakers have been incorrectly focused on “short-term fixes in lieu of long-term solutions.”

“If Washington is serious about delivering relief to consumers, then they should be focused on policies that encourage increased U.S. production and address the global mismatch between energy demand and available supply,” he said.
 

marsh

On TB every waking moment

Global Digital ID With Real-Time Tracking Of Everyone & Everything Is Coming
News Image
BY DIDI RANKOVIC/ACTIVIST POST JUNE 22, 2022

The World Economic Forum's obsession with not only merely digitization, but digitalization as a means of tracking and control, is manifest in yet another document that has come out of the group.

This time, the WEF is joined by the World Trade Organization (WTO) in drafting their thoughts on what the future of trade, but also, when all's said and done - humanity - should look like.

The joint report, The Promise of TradeTech: Policy Approaches to Harness Trade Digitalization, came out in April, and addresses end-to-end trade digitization to include a digital ID certification framework that would, needless to say, be global - and apply to physical and digital objects, but also, people, i.e., natural persons.

Even now, when the pandemic, the supply chain mayhem, and many key geopolitical trends are showing that the heyday of globalization is over, this concept remains firmly embedded in the thinking of the Davos-based WEF, and, it turns out, of the WTO, also based in Switzerland.

The report explains the need to build "end-to-end trade digitization" - where natural and legal persons and objects are treated equally - with so-called identity silos, or identity domains, no longer viable. In other words, interoperable ID systems must become "global."

WEF's "spiritual leader" and its founder Klaus Schwab in 2017 wrote in his book, The Fourth Industrial Revolution, that people and movement would soon be treated the same as "any package, pallet or container" - with these physical objects at the time tracked only by radio frequency identification (RFID) tags, sensors, and transmitters.

That idea seems to have matured in the meanwhile with a number of digital ID and tracking initiatives that have come out of this year's gathering in Davos, and the new WEF/WTO report notes that not only movement and location, but also performance and contribution to "a global circular economy" can be monitored thanks to traceability.

There's also a name for what a future set on such foundations is likely to spawn: "digital dictatorships." Control and monitoring has been at the heart of any dictatorship since the dawn of time, and the digital world is providing more tools than ever to achieve just that.

The topic of RFID tags emerged during this year's WEF, held in May, a month after the publication of the report, and this time it was more concrete in the way the technology described as applied to humans.

Short of wearing tracking devices under one's skin, the next best thing - from the point of view of monitoring and tracking enthusiasts - is to place them "onto" people's skin, by way of the clothes they wear.

Active RFID tags send out a signal all the time, which is expensive but handy for real-time tracking, while passive tags are the less expensive variety often used in various packaging. What they had in common in the past is that they were clearly visible.

But there are companies now like Swicofil who produce RFID fibers and yarns that are "high performance" - and lasting a long time, since they can be integrated into clothing and are washable. In other words, not something you're likely to notice and peel off.

There are also those who already specialize in putting together RFIDs and biometrics, like facial recognition data. While RFID technology automatically identifies tags that are placed on objects, biometrics come in to identify the actual person, and reports say that this is used to automate employee monitoring.

Yuval Noah Harari, popular with the likes of Meta CEO Mark Zuckerberg, introduced on the WEF website as historian and philosopher who co-founded Sapienship - "a multidisciplinary organization advocating for global responsibility and clarifying public conversation" in terms of technological disruption, ecological collapse and the nuclear threat, spoke in Davos in 2020, to share insights such as that those who have enough data about a person can "hack" their "body, brain, life."

Omnipresent tracking certainly provides a massive amount of data, including biometrics, while Harari seems to think that "reverse engineering" of human beings is what can easily happen next.

"By hacking organisms, elites may gain the power to re-engineer the future of life itself. Because once you can hack something, you can usually also engineer it," he said.
 

marsh

On TB every waking moment

STUNNING: Dr. Deborah Birx Admits That Vaccine Efficacy Claims Were Based on 'Hope,' Not Science
Red Voice Media Published June 23, 2022

Rep. Jim Jordan: "When the government told us that the vaccinated couldn't get it, and I asked you if it was a guess or a lie, you said, 'You don't know.' You said you think it was 'hope.' So what we do know is it wasn't the truth. So they were either guessing, lying, or hoping and communicated that information to the citizens of this country."

Video via Dr. Deborah Birx Admits the Biden Admin's Vaccine Efficacy Claims Were Based on 'Hope' Not Science

Full Exchange: Rep. Jim Jordan Exposes the Biden Admin's LIES on Vaccine Efficacy

^^^^^
FSCS_LIXMAEP7ni.jpg
 
Top