The Priorities of Biden's Teleprompter Controllers
Recall, back in May, Musk delivered a scathing criticism of Biden and the President's handling of inflation.
Musk told a virtual conference last month, he believes the government has printed too much money in recent years.
“I mean, the obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously,” Musk said, likely referring to COVID-19 relief stimulus packages worth trillions of dollars that were passed in recent years.
If governments could merely “issue massive amounts of money and deficits didn’t matter, then, well, why don’t we just make the deficit 100 times bigger,” Musk asked. “The answer is, you can’t, because it will basically turn the dollar into something that is worthless.”
During the same conference, Musk said: “The real president is whoever controls the teleprompter" and "The path to power is the path to the teleprompter.”
“In the Trump administration, there were a lot of people who were effective at getting things done,” he remarked.
Inflation in US and EU Predates Ukraine Events
Inflation in the US is primarily due to printing $5.9 trillion for COVID and other deficit spending, in less than two years. A US money supply growth of 38%, an “unprecedented output of the printing presses”, was happening while goods and services production decreased due to COVID, and supply chain disruptions, i.e., the classic condition of “too many dollars chasing too few goods”.
Inflation in Europe is primarily due to Brussels bureaucrats’ short-sighted energy policies, to politically promote the “green agenda”, because of climate concerns.
The EU bureaucrats told member states not to sign long-term natural gas contracts with Russia, because it would “send the wrong signal” regarding being serious about climate change.
The net result was a major increase in natural gas prices on the spot market, because Russia delivered natural gas only to clients with long-tern contracts. The increased natural gas prices caused increases in fertilizer and other goods.
https://www.rt.com/russia/556587-putin-inflation-us-eu/
Feeding Ukraine and Feeding US Babies
When it comes to feeding US babies versus "feeding" Ukraine, it looks like Ukraine first, America last
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Comment by Thinklike A. Mountain on June 4, 2022 at 4:58pm
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WATCH: Uvalde Mom That Ran Into Robb Elementary To Rescue Her Kids As Cops Stood By Speaks Out
https://clashdaily.com/2022/06/watch-uvalde-mom-that-ran-into-robb-...
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Hundreds of articles dismissing ‘conspiracy theories’ read like they follow a single script
Now it’s conspiracy — they’ve made that something that should not even be entertained for a minute, that powerful people might get together and have a plan. Doesn’t happen. You’re a kook! You’re a conspiracy buff!” — George Carlin
https://www.ae911truth.org/news/849-hundreds-of-articles-dismissing...
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Comment by Willem Post on June 4, 2022 at 1:04pm
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Americans Will Never Forget the Historic Economic Collapse During Joe Biden's Presidency
BY TYLER DURDEN
Authored by Michael Snyder via TheMostImportantNews.com,
We have faced a lot of significant challenges in modern American history, but nobody will ever forget the economic horror that is breaking loose during Joe Biden’s time in the White House.
For years, we were warned that the policies that our leaders were pursuing would destroy the value of our currency and unleash rampant inflation.
Now it has happened.
For years, we were warned of a looming global energy crisis that would inevitably hit us.
Now it is here.
But what we have been through already is just the beginning. The shortages that we are experiencing now will get worse. Many of the ridiculously high prices that we are seeing now will seem like bargains by the end of the year.
On Thursday, the average price of a gallon of gasoline in the United States reached yet another brand new all-time record high…
If Americans don’t like paying about five bucks a gallon, how are they going to feel when it takes about 10 bucks to buy a gallon of gas?
What we really need are long-term solutions, and there aren’t any on the horizon.
And the truth is that we aren’t just facing an oil crisis. At this stage, the balance between supply and demand has reached a crisis point for all traditional forms of energy simultaneously…
“Now we have an oil crisis, a gas crisis and an electricity crisis at the same time,” Fatih Birol, head of the International Energy Agency watchdog group, told Der Spiegel in an interview published this week. “This energy crisis is much bigger than the oil crises of the 1970s and 1980s. And it will probably last longer.”
The global economy has largely been able to withstand surging energy prices so far. But prices could continue to rise to unsustainable levels as Europe attempts to wean itself off Russian oil and, potentially, gas. Supply shortages could lead to some difficult choices in Europe, including rationing.
What do you think the European economy will look like when there is widespread rationing of natural gas six months from now?
Can anyone out there answer that question?
We have never faced anything like this before, and one industry insider is referring to this as a “perfect storm”…
Joe McMonigle, secretary general of the International Energy Forum, said he agrees with this depressing forecast from the IEA.
Isn’t it funny how that term keeps popping up?
For years, I warned that a “perfect storm” was coming over and over again, and now that term has constantly been in the news throughout this year.
Another element of the “perfect storm” that we are facing is the rapidly growing global food crisis.
Here in the United States, the bird flu pandemic that has erupted in 2022 has resulted in 38 million chickens and turkeys being wiped out.
As a consequence, the price of eggs has been soaring to unprecedented levels…
The price of eggs increased 10.3% in April. The UDSA predicts an increase between 19.5% and 20.5% year over year in 2022. That could mean $1.00 an egg. Poultry prices will rise as much as 9.5%.
Did you ever imagine that you would be paying a dollar for a single egg?
I still remember when you could get an entire carton of eggs for one dollar.
Chicken meat and turkey meat will be getting more expensive too, and now we are being warned that shortages are coming.
In fact, the CEO of Hormel Foods is openly telling us that “large supply gaps in the Jennie-O Turkey Store will begin in the t...…
A top US food processing company warned of an upcoming shortage of its turkey products at supermarkets following one of the worst bird flu outbreaks.
“Our Jennie-O Turkey Store team is facing an uncertain period ahead,” Hormel Foods Corporation CEO Jim Snee told investors in an earnings call. “Similar to what we experienced in 2015, (avian influenza) is expected to have a meaningful impact on poultry supplies over the coming months.”
Snee said the “large supply gaps in the Jennie-O Turkey Store will begin in the third quarter.” He said highly pathogenic avian influenza was confirmed in “our supply chain” in March.
In case you didn’t get the point of what he was saying, “large supply gaps” is a politically correct way of saying “widespread shortages”.
Speaking of shortages, the baby formula shortage in the United States is now worse than ever…
But, as Bloomberg reports, out-of-stock rates climbed to 74% nationally for the week ending May 28, according to data on 130,000 stores followed by Data-assembly. The increase comes after rates spiked to 70% for the week ending May 21 from 45% the week prior.
Even more stunningly, ten states now have shortage rates at 90% or greater, with Georgia hardest hit at 94%.
The Biden administration made a really big deal out of the fact that they were flying in baby formula from Europe, but once again that turned out to mostly be a symbolic gesture.
As economic conditions continue to deteriorate, an increasing number of Americans will fall into poverty and hunger. In fact, according to NPR “demand at food banks is way up again”, and many of those food banks are already at a crisis point…
Fitzgerald, of Feeding America, says providers around the country are dipping into emergency reserves, switching to cheaper products, limiting how often people can visit or how much food they can get, and “stretching their inventory to be able to meet more people’s needs.”
If our food banks are in such distress now, what will things be like six months or a year from today?
Because the truth is that food supplies are only going to get tighter.
The winter wheat harvest in the U.S. is going to come in way, way below original expectations. In fact, we are being told that the winter wheat harvest in Kansas could be down “by more than 25%”…
The U.S. winter wheat harvest potential in Kansas has dipped by more than 25% because of severe drought, and farmers in the state may leave thousands of acres of wheat in fields this year instead of paying to harvest the grain hit by the dry winter.
Looking ahead, a lot less wheat is being planted for the coming growing season because of extremely bizarre weather patterns in some areas.
For example, the amount of wheat that is currently being planted in North Dakota is expected to be the smallest ever recorded…
Some farmers in North Dakota are unable to plant as much wheat as they normally would because of heavy rain across the state.
Government data shows the state is expected to plant wheat over the smallest recorded share of its farmland.
For much more on why U.S. food production is going to continue to shrink in the months ahead, please see this article.
The bottom line is that we are facing really severe problems that are not going to go away any time soon.
And if you are waiting for Joe Biden to come to the rescue, you are going to be waiting for a very long time…
Biden says he understands that inflation is impacting family budgets. But on Wednesday, he said he’s not “aware” of any “immediate action” that would reduce food and fuel prices.
“[W]e can’t take immediate action, that I’m aware of yet, to figure out how we bring down the price of gasoline back to three dollars a gallon. And we can’t do that immediately with regard to food prices, either,” Biden said.
A historic economic nightmare is here, and the guy in the White House is all out of answers.
So, buckle up and try to enjoy the ride.
The months ahead are going to be quite chaotic, and you probably don’t even want to think about what is coming after that.
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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