GOV/MIL Main "Great Reset" Thread

[marsh]

Peter Schiff: The Real Estate Bubble Is Losing Air & A Financial Crisis Is Coming | ZeroHedge

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Peter Schiff: The Real Estate Bubble Is Losing Air & A Financial Crisis Is Coming

WEDNESDAY, NOV 02, 2022 - 09:40 AM
Via SchiffGold.com,

Artificially low interest rates blew up a big housing bubble. In a podcast, Peter Schiff explained that it is actually a bigger bubble than the one preceding the 2008 crash. But this time, it is combined with an overall bubble in the entire economy that dwarfs ’08. Peter said all of this has the makings of another massive financial crisis.

As the Federal Reserve continues to push up interest rates, the air is slowly coming out of the housing bubble. That leads some people to believe CPI will begin to drop because shelter costs are ostensibly falling. But Peter pointed out that just because housing prices are falling doesn’t mean shelter costs are falling.

Shelter costs are still going up. Even if it’s cheaper to buy a home, what’s important is how much it costs to own a home. And those costs are going up. Because even if you pay less, you’re still going to end up paying more in your mortgage.”​

​

View: https://youtu.be/TGQBYNmwRRY
6:42 min

A 30-year fixed-rate mortgage is now above 7%. That means that even if you pay a little less, your financing cost is much higher. On top of that, you have higher insurance prices, higher property taxes, and higher maintenance costs.

All of this is increasing the cost of owning homes, and it makes it more likely that some of the people who borrowed money to buy homes aren’t going to pay, and they’re going to go into default.”​

Peter pointed out that there is some incentive to strategically stop making mortgage payments because it takes so long for banks to foreclose and actually kick people out of their houses. Meanwhile, people don’t pay property taxes and don’t maintain the property. By the time the bank completes the foreclosure, its collateral has drastically decreased in value.

So, all of this has the making of a massive crisis.”​

Meanwhile, as mortgage rates continue to rise, more and more people will be reluctant to sell because they are locked into a low mortgage rate. They won’t be able to afford to take on a new mortgage.

You can’t transfer your mortgage from your current home to a new home, nor can the buyer of your home assume your mortgage. They have to take out a brand new mortgage. And so, because so many people have such low mortgage rates, they’re going to hold off and they’re going to stay in their houses as long as they can.”​

This will slow the housing market even further.

And it’s a problem for lenders.

Now, they’re stuck with a money-losing mortgage because rates are moving up, but they’re collecting these low interest rates on these mortgages. They’re going to lose money on those. But then, for the people who don’t pay their mortgages because they’re so underwater, the bank is going to lose again, because now, when the bank forecloses, the value is not going to be there. Real estate prices are going to be more a reflection of the current high mortgage rates than the previous low mortgage rates because anyone buying a house has to pay the high rate.”​

The fact that many people won’t sell in this market should reduce the supply of available homes and that will theoretically push home prices down. But it won’t likely give the market a significant boost because of the high mortgage rates.

Ultimately, the price is going to be a function of what the buyer is able to pay. And the buyer is not able to pay very much when interest rates are high. The buyer can pay a lot more when interest rates are low because what you’re buying are the monthly payments, not the price.”​

These problems were part of the 2008 financial crisis. Peter said it will be an even bigger problem this time.

Rates were lower for longer. The real estate bubble is even bigger than the one we had back then.”​

Even more concerning is that the real estate bubble is now combined with an overall bubble in the entire economy that dwarfs what we had in 2008.

That’s why this is a much bigger financial crisis that’s around the corner. And again, that’s why I don’t believe the Fed is going to sit back and just watch this whole thing play out. It’s going to hold off as long as it can to try to maintain as much credibility as it can. But the minute it senses things are about to implode, then it’s going to turn on a dime.”​

 

[marsh]

Oil Spikes After Pentagon Predicts Iran Attack On Saudi Arabia Likely In "48 Hours", Iran Denies | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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Oil Spikes After Pentagon Predicts Iran Attack On Saudi Arabia Likely In "48 Hours", Iran Denies

WEDNESDAY, NOV 02, 2022 - 09:21 AM
Following Tuesday's WSJ report revealing that Saudi Arabia and its ally the United States are on high alert over a potential impending attack from Iran, the Pentagon has narrowed its assessment, saying there's credible threat of an attack "soon or within 48 hours."

Oil prices spiked more than $2 on this new "48 hours" intelligence, which the Pentagon reportedly received from the Saudis, hammering tech stocks further. A subsequent and quite expected denial from Iran...

*IRAN DISMISSES REPORTS IT'S PLANNING ATTACK ON SAUDI, REGION

... because what will Iran say: "yup, you got us, we are about to launch an attack", reversed some of today's sharp gains.



The Biden administration reaffirmed that it will not hesitate to respond... "We are concerned about the threat picture, and we remain in constant contact through military and intelligence channels with the Saudis," the National Security Council said in a statement. "We will not hesitate to act in the defense of our interests and partners in the region."

"We’re in regular contact with our Saudi partners, in terms of what information they may have to provide on that front," Pentagon press secretary Brig. Gen. Pat Ryder told the AP in fresh statements. "But what we’ve said before, and I’ll repeat it, is that we will reserve the right to protect and defend ourselves no matter where our forces are serving, whether in Iraq or elsewhere," he added.

According to more via the AP report:

One of the officials who confirmed the intelligence sharing described it as a credible threat of an attack “soon or within 48 hours.” No U.S. embassy or consulate in the region has issued alerts or guidance to Americans in Saudi Arabia or elsewhere in the Middle East based on the intelligence. The officials were not authorized to comment publicly and spoke on condition of anonymity.​

Iran has allegedly attacked northern Iraq with dozens of ballistic missiles and armed drones in recent weeks, one of which was shot down by a U.S. warplane as it headed toward the city of Erbil, where American troops are based. Tehran has publicly blamed Iranian Kurdish separatist groups based there for fomenting the unrest at home.

Iranian authorities have also publicly accused Saudi Arabia, along with the U.S. and Israel, of instigating the demonstrations

 

[WOS]

Another Big CBDC Flop... Here's What Really Comes Next (And It's Not What The Elites Hoped For) | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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​

Another Big CBDC Flop... Here's What Really Comes Next (And It's Not What The Elites Hoped For)​

BY TYLER DURDEN
WEDNESDAY, NOV 02, 2022 - 01:40 PM
Authored by Nick Giambruno via InternationalMan.com,
Last year, Nigeria launched its much-ballyhooed eNaira, Africa’s first central bank digital currency (CBDC).
Central bankers, academics, politicians, and an assortment of elites from over 100 countries hoping to launch their own CBDCs have closely followed the eNaira.
They used Nigeria—Africa’s largest country by population and size of its economy—as a Petri dish to test their nefarious plans to use CBDCs to enslave the people of North America, Europe, and beyond.
The jury is now in.
The eNaira has been a massive failure.

According to Bloomberg, only 1 in 200 Nigerians use the eNaira. That’s even after the government implemented discounts and other incentives as desperate measures to increase adoption.
This came as a surprise to the elites.
Nigeria has one of the highest Bitcoin adoption rates in the world—ranking #11 among all countries.
Bitcoin’s ability to bypass the government’s capital controls—which restrict the use of foreign currencies and sending and receiving money from abroad—was a big draw for Nigerians, as it is in other countries with these repressive policies.
A long history of rampant currency debasement in Nigeria—including six devaluations in recent years—also helped spur the adoption of Bitcoin, which is totally resistant to inflation.
In short, the elites have miscalculated. They figured Nigerians wouldn’t be able to differentiate between Bitcoin and the eNaira—they are both digital currencies, after all.
The Bloomberg article admitted, “Nigerians’ passion for cryptocurrencies doesn’t extend to the central bank offering.”
It also said Nigerians view the eNaira as “a symbol of distrust in the ruling elite” and that the people view the government as “hostile to them and therefore have no interest in anything it introduces.”
To all the Nigerians rejecting the eNaira, I say bravo!
The failure of CBDCs in Nigeria could throw sand in the gears of the elites’ plan to implement them worldwide. That would be a big positive for human freedom.
The flop of CBDCs in Nigeria is an encouraging development.
It also reveals an outcome that was probably the opposite of what the elites desired—increased Bitcoin adoption.

CBDCs and Bitcoin​

Despite all the hype, CBDCs are nothing but the same fiat currency scam on steroids.
It’s doubtful CBDCs can save otherwise fundamentally unsound currencies—as I believe all fiat currencies are.
If the current fiat system is not viable, then CBDCs are even less viable as they enable the government to engage in even more currency debasement.
Would a CBDC have saved the Zimbabwe dollar, the Venezuelan bolivar, the Argentine peso, or the Lebanese lira?
I don’t think so.
The eNaira did not save the Nigerian fiat currency. And a CBDC won’t save the US dollar or the euro from their fates either.

There are a lot of bad things that come with CBDCs.
But there’s a silver lining…
CBDCs are going to introduce and familiarize people with using digital currencies. It’s then only then a matter of time before they discover Bitcoin.
CBDCs and Bitcoin share some characteristics. For example, they are both digital and facilitate fast payments from a mobile phone. But that is where the similarities end.
The reality is that CBDCs and Bitcoin are entirely different in the most fundamental ways.
You need the government’s permission and blessing to use a CBDC, whereas Bitcoin is permissionless.
Governments can (and will) create as many CBDC currency units as they want. With Bitcoin, there can never be more than 21 million, and there is nothing anyone can do to inflate the supply more than the predetermined amount in the protocol.
CBDCs are centralized. Bitcoin is decentralized.
Governments can censor transactions and freeze, sanction, and confiscate CBDC units whenever they want. Bitcoin is censorship-resistant. No country’s sanctions or laws can affect the protocol.
There is no privacy with CBDCs. However, with Bitcoin, if you take specific steps, it is possible to maintain reasonable privacy.
CBDCs are government money that are easy to produce and give politicians a terrifying amount of control over people’s lives. On the other hand, Bitcoin is non-state hard money that helps liberate individuals from government control.
In short, CBDCs are a pathetic attempt to compete with Bitcoin.
CBDCs make an inferior form of money even worse, but at the same time, it’s an excellent Trojan Horse for Bitcoin.
It doesn’t take much imagination to see that once governments inevitably inflate their CBDC units, censor transactions, freeze people’s accounts, and confiscates funds, it will push people to look for better digital alternatives, first and foremost Bitcoin.
That’s how, contrary to conventional wisdom, CBDCs could be an enormous catalyst for Bitcoin adoption. The failure of the eNaira in Nigeria is proof of this dynamic.

 

[marsh]

Greta Expectations | ZeroHedge

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Greta Expectations

WEDNESDAY, NOV 02, 2022 - 07:25 AM
By Michael Every of Rabobank

Greta Expectations

I start today with a conclusion. Not mine, but Martin Wolf’s from his latest FT op-ed: “It is conflicts over power that most threaten globalisation. By seeking to enhance their security, great powers make their rivals more insecure, creating a vicious downward spiral of distrust. We are already a long way down this spiral. That reality will shape the fate of the world economy. We are not headed towards a benign localism, but towards negative-sum rivalry. Our world may not survive a virulent bout of that disease.”

Of course ‘none of this matters’, because it’s Fed Day. Our expectation, via Philip Marey, is another 75bp hike flagging a 5% terminal rate, and no cuts before 2024 - which will not be popular with markets. Especially when we had a ‘Fed pivot’ op-ed from their Wall Street Journal Whisperer; then a walk-back after strong US data (which we got more of yesterday in job openings); then White House economic advisor Bernstein saying President Biden has endorsed the Fed’s pivot; then clarifying he meant the hawkish pivot and not any dovish one.

While the RBA might have only gone 25bp yesterday while pretending to be serious about their genuinely red hot labour market and soon to be 8% y-o-y CPI (while actually focusing on the -8.2% m-o-m home loans, -9.3% owner-occupier loans, and -5.8% buildings approvals) that doesn’t mean the Fed will be following suite. Or the RBNZ, after Kiwi average hourly earnings just leaped 2.6% q-o-q vs. 1.% expected, and employment surged 1.3% q-o-q vs. 0.5% expected.

Not only is that because the BOE just proceeded with a £750m QT Gilts sale without incident, after a policy coup that will see the kind UK fiscal policy imposed that leads to the tensions that lead to deglobalisation - which Fed hawks will want to copy. It’s also because we can expect a market explosion if the Fed pivots in any way.

Yesterday’s rumour China is exploring a reversal of its Covid-Zero policy led by ideology czar Wang Huning (which I immediately thought smelled wrong) saw all Chinese markets, including commodities, soar: a Fed pivot would see exactly the same thing happen on steroids. Confirming my suspicions, @fengchucheng notes: “Tired to say this but the rumour circulating today about a Covid reopening committee led by WHN [Wang Huning] doesn’t make any BASIC China politics sense. Even if an entity exists, it’s gonna be a central leading small group NOT a committee, and certainly not chaired by the next CPPCC chairman.” However, if you believe the whisper, get ready for much higher interest rates for much longer as Chinese demand roars back.

More broadly, Bloomberg markets today say: “Commodities may hold the key to the outlook for how long central banks keep raising rates. Though the Bloomberg Commodity Spot Index has started to slip, energy prices remain elevated, Bloomberg Intelligence said. WTI will probably need to fall to near $68 before federal fund futures ebb appreciably.” I been saying all year that central banks must look to commodities (and supply chains); and that these are now geopolitical.

And on WTI at $68, the US just saw a huge decline in crude inventories (-6.53m barrels) vs. an expected slight increase, despite what is supposed to be ‘demand destruction’. Worse, Saudi Arabia is warning of a potentially imminent Iranian attack on its energy infrastructure, as the US finally accepts the Iran deal is over. (Unless this is Tehran brinksmanship.)

I’m not even focusing on North Korea firing missiles again, which we ignore despite the fact that as soon as one of them starts working properly, and they can fit a nuclear warhead to it, the strategic equation changes dramatically. Neither am I able to spare more than a line to note the US is sending nuclear-armed B-52s to Northern Australia. However, this is all geopolitical, and about deglobalisation, and hence about inflation.

Meanwhile, Greta Thunberg has a book to sell – well, of course she does. At its launch in London, she made clear to her interviewer that not only is she boycotting Sham el-Chic, which facilitates “greenwashing, lying and cheating”, but there is no “back to normal.” That is because “normal” was the “system” which gave us the climate crisis… which is part of “colonialism, imperialism, oppression, genocide”, and “racist, oppressive extractionism”. Only the overthrow of “the whole capitalist system” will suffice. Or maybe throwing tomatoes on a painting – you decide.

Is that not also deglobalisation, or does Greta have expectations of a new world economic system/order ready to slot into place? It’s not like power doesn’t abhor a vacuum.

On that theme, and more Wang Huning’s area than Covid-Zero rollbacks, Handelsblatt today carries a story about “How the Communist Party is expanding its influence in German corporations.” They mean German firms in China - but would you have been surprised if the story had meant outside it? Meanwhile, a US FCC commissioner is urging the White House to ban Tik-Tok. (Which has seen some beaten down US tech shares jump: because celebrities and millennials will have to post their 30-second narcissistic vacuities somewhere, right?)

In short, how do we not end up with what Martin Wolf is railing against today? Make the case – or make new forecasts.

But of course ‘none of this matters’ as we wait for the Fed today – even if ultimately the Fed will itself be driven by all of this.

 

[WOS]

"Dark Clouds On Horizon": Maersk Warns About Rapid Economic Deterioration | ZeroHedge

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"Dark Clouds On Horizon": Maersk Warns About Rapid Economic Deterioration​

BY TYLER DURDEN
WEDNESDAY, NOV 02, 2022 - 02:40 PM
A.P. Moller-Maersk A/S, the world's largest owner of container ships and one of the best bellwethers for global trade, lowered its outlook for the growth of 2022 global container demand and warned next year could be worse.
Maersk's warning about a slowdown in container demand and economic turmoil ahead was conveyed in a third-quarter earnings report released today and in an interview by the company's top executive on Bloomberg.
The Copenhagen-based company lowered its outlook for the growth of 2022 global container demand to decline 2-4% from the previous estimate of plus or minus 1%. The forecast sent Maersk's shares tumbling nearly 6%.

"However, it is clear that freight rates have peaked and started to normalize during the quarter, driven by both decreasing demand and easing of supply chain congestion. As anticipated all year, earnings in Ocean will come down in the coming periods," Maersk wrote in the earnings report.

"There are plenty of dark clouds on the horizon," the company continued, adding, "this weighs on consumer purchasing power which in turn impacts global transportation and logistics demand."

It then warned: "With the war in Ukraine, an energy crisis in Europe, high inflation, and a looming global recession."

Maersk CEO Soren Skou joined Bloomberg TV this morning for an interview where he said, "it's really hard to be very optimistic with a war on our doorstep and a bigger energy crisis this winter so that is impacting consumer confidence and therefore also demand." He added:

"Global trade is moving backward this year."

The company expects the global container market to be "broadly flat to negative" as risks in 2023 are "skewed to the downside" due to the macroeconomic headwinds. Skou noted in the interview that it is "clearly better for the economy and for our customers" to have lower freight rates.
In May, we outlined that a reversal of the "shortage of everything" bullwhip effect was nearing, as skyrocketing inventories (the result of Covid-era overordering due to snarled supply chains) was about to hit a faltering economy, and prices of goods would decline as companies would be forced to liquidate excess inventories into a recession (see "Bullwhip Effect Ends With A Bang: Why Prices Are About To Fall Off A Cliff" from May 23). We reminded readers about this a few times over the summer ("Bullwhip-Effect Reversal Is The Major Downside Growth Risk" and "Container Rates Slump As "Bullwhip Effect" Enters Terminal Phase").
Companies across the board are bloated with inventories. This can be shown in the inventory-to-sales ratio, reaching multi-decade highs -- forcing importers to reduce shipments from overseas suppliers.

As importers are stuck with inventory, they have reduced orders from overseas manufacturers, which has led to a plunge in container spot rates. Even to the extent that major shipping companies are canceling sails.

Maersk's warning comes as central banks are engaged in the most aggressive interest rate hikes in decades to quell inflation. Any overtightening could spark a global recession next year.

Perhaps, JP Morgan's consolidated manufacturing PMIs suggest mounting recession risks and declining price pressure are a big theme in 2023.

 

[marsh]

WTI Rises After US Crude Production Slides, Gasoline Stocks Hit 8 Year Lows | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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WTI Rises After US Crude Production Slides, Gasoline Stocks Hit 8 Year Lows​

WEDNESDAY, NOV 02, 2022 - 07:40 AM

Oil prices pumped and dumped overnight as a big crude draw reported by API prompted gains into Asia and a statement crushing hopes of an end to China's Zero-COVID policy sent prices back down to unchanged. Today's FOMC decision and press conference are also weighing on traders desires to extend positions.

“Crude trades near the top of its range, but the lack of visibility regarding the short-term direction continues to keep the market mostly rangebound,” said Ole Hansen, head of commodities strategy at Saxo Bank.

“The demand side is torn between the prospect of a pickup in Chinese demand once Covid restrictions are lifted and worries global economic activity will continue to weaken in the coming months.”

The next leg from here will likely be driven in the short-term by the official inventory/demand data until The Fed hit at 1400ET..

API

• Crude -6.53mm (+267k exp) - biggest draw since June
• Cushing +883k
• Gasoline -2.64mm
• Distillates +865k (-733k exp)

DOE

• Crude -3.115mm (+267k exp)
• Cushing +1.267mm
• Gasoline -1.257mm
• Distillates +427k (-733k exp)

While not as extreme as the API report, official data showed an unexpected crude draw last week (and the 3rd weekly build in a row in distillates stocks)...


Source: Bloomberg

Cushing inventories are steadily rising, but remain at the lowest seasonal level since 2009. Refiners are set to wind up their fall maintenance, presenting a tug once again on domestic inventories. In addition, the final tranche of SPR sales are about to conclude.

Refinery utilization rebounded and is back to over the 90% mark nationwide. Rates rose after three consecutive weeks of declines as maintenance wraps up in all PADD regions.


Source: Bloomberg

Fuel tightness in the US East Coast is showing no signs of letting up. Last week, gasoline inventories slid further to the lowest since late November 2014.


Source: Bloomberg

And there is only 26 days of Diesel supply left...


Source: Bloomberg

Gasoline demand is falling yet again, based on the four-week moving average of product supplied. The figure sank over 200,000 b/d and is narrowing in on Fall 2020 levels. Despite this, critically low inventories continue to sink further even with refinery utilization on the rise.



The Strategic Midterm Reserve dropped below 400mm barrels for the first time since 1984...



US Crude Production slowed last week, dropping to its lowest since June back below 12mm b/d...


Source: Bloomberg

WTI was hovering around $88.00 ahead of the official data and lifted modestly after the print...



Finally, Bloomberg notes that oil options markets have turned steadily more bullish in recent weeks. Premiums of bullish call options over bearish puts have climbed to the highest level since June, according to data compiled by Bloomberg.

 

[marsh]

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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Watch: CNBC's Jim Cramer Goes On Bizarre Pro-China COVID Lockdown, Vaccine Propaganda Rant​

WEDNESDAY, NOV 02, 2022 - 08:25 AM
Authored by Steve Watson via Summit News,

Financial analyst Jim Cramer appeared to confuse the hell out of his CNBC co-hosts Tuesday by going on a bizarre rant about Chinese COVID lockdown and vaccine propaganda being a good thing.


The context for the strange outburst is that news of China potentially easing COVID restrictions and re-opening has seen improvements in the stock market.

China’s change in direction after months of brutal lockdowns is reportedly to be headed up by the nation’s chief propagandist.

And that’s where Cramer came in to sell the ‘good side’ of propaganda, noting that we only think of propaganda being bad because of “regimes we didn’t really appreciate.”

Cramer further stated that he doesn’t see any problem with suddenly locking people down without warning, even in giant theme parks, reasoning that he was able to get his own COVID test results back within a day.

“Let’s just go back over, I think chief propagandist, I call that person a dissembler, so to speak. But they have a narrative in which basically you can conquer COVID by just being locked down, and this has to change the narrative,” Cramer continued.

He then argued that China stealing and back engineering Pfizer’s vaccine is also a good thing.

“What is even better is homegrown mRNA, which I’m told they managed to get the intellectual property, stole it, which is good, and I say good because it’s better to have mRNA than not,” Cramer said.

He added, “Let’s just say they appropriated it. What do you do if you tell people the way to beat it is no vaccine and now you have a vaccine? So I think what you need is a propagandist.”

The other hosts just sat in silence, trying to comprehend the mental gymnastics needed to agree with Cramer.

CNBC’s Jim Cramer Calls for State-Run Propaganda to Spread COVID Vaccines 1:50 min

Ironically, this entire segment was sponsored by Pfizer:

https://twitter.com/i/web/status/1587519844324458496

View: https://twitter.com/i/status/1587519844324458496
.35 min



^^^^^

 

[marsh]

North America's Reshoring Of The Global Supply Chain | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

North America's Reshoring Of The Global Supply Chain

WEDNESDAY, NOV 02, 2022 - 05:50 PM
By John Gallagher of FreightWaves

With manufacturing and labor markets on the decline with North America’s traditional partners in Asia — and with trade with Russia collapsing — North America is in prime position to take advantage by reshoring global sourcing.

“For the most part we can keep this in America — or at least North America,” said geopolitical strategist Peter Zeihan during the opening keynote Monday at FreightWaves’ F3: Future of Freight Festival in Chattanooga, Tennessee.

Zeihan is the author of the recently published book “The End of the World is Just the Beginning: Mapping the Collapse of Globalization.”

He said one of the keys to boosting U.S. trade will be reforming the Jones Act, a century-old trade protection law that Zeihan contends boosts transport costs.

“This would help the country bring manufacturing back on the water in a very big way,” he said. “Mexico is now ahead of Canada from a labor productivity measure, which means that Mexico now needs a low-wage partner. Colombia and Cuba are the obvious candidates. It’s a much simpler system, one that is reliant on things close to home.

“When you want to do a trade deal with Russia or China, it’s a pain. But calling on a country like Colombia, which is kind of desperate and wants to be part of the club, it’s a much easier process and we don’t need to do things at scale to the same degree. A small container ship is fine, you don’t need that massive Triple E container ship.”

Some of the trends that many in the transportation industry are expecting to happen quickly — such as the transition to electric vehicles — could be stuck in neutral for a while, Zeihan said.

In fact, he said, “the [EV] transition is not going to happen — that’s the short version. Russia is one of the top three suppliers of nickel, cobalt and aluminum — and all of those are going to zero” as far as U.S. imports.


Peter Zeihan, left, and FreightWaves CEO and founder Craig Fuller.
“So we’re going to be in the position, very soon, where we will have to decide which parts of the green transition are worth doing because we will not have the materials. If you’re looking at this from a carbon production transition period, a wind tower you put up in a place with wind, that has an immediate carbon impact.

“But an EV does not, because it draws from the grid in its current form, and for the most part the processing facilities required to build the EVs in the first place are incredibly carbon intensive. And most vehicles running on most grids are going to take in excess of a decade to pay back the carbon debt.”

And in a world where globalization is shifting — or ending — what does that mean for inflation?

“Every disinflationary trend of the last 75 years has flipped, and every inflationary trend is back at the same time. We are looking at 9% to 15% inflation for at least the next five years — and that’s independent of anything the Fed does,” he said.

“If at the end of the five-year period we’ve succeeded in building out the industrial plant, we go back to a much tamer system that will be lower for longer, because the supply chains will be local, the processing will be local and we’ll be following our own labor metrics, which will have evolved because we will have had to do a lot more with artificial intelligence and automation than we currently have, especially as we bring in electronics manufacturing — we will have a choice.

“But if we fail to do that, then the 9% to 15% inflation continues and there are product shortages. From my standpoint, it’s a really clear path. The alternative is to go through the worst of it and get none of the benefits.”

For companies looking to survive in the new North American supply chain, “anything that makes you more modular and more capable and allows you to adapt more quickly is something I think that can provide an outsized advantage,” Zeihan said.

“We’re going to have fewer supply chain steps closer to home, and the competitive nature to that is going to be very different from just waiting for things to show up at the dock. We’re going to have the need to do everything that is currently done in Asia but in fewer steps and right in our own world.

“That’s not just an issue of a capacity increase. That’s an awareness of what the cargo is on a micro level and in each container so that anyone can go to anything at any time and find out the best way to route within the system — that’s going to require a lot more information technology.”

 

[marsh]

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Don't Tell Powell, But US Rents Just Tumbled The Most On Record As Economy Craters​

WEDNESDAY, NOV 02, 2022 - 03:00 PM

There was a remarkable moment during today's Jay Powell post-FOMC presser, which revealed once again just how out of touch the Fed is when it comes to correctly evaluating the broader economy. Asked about the ongoing devastation in the housing market in general, and rent inflation in particular, Powell's response was the following:

• *POWELL: POINT AT WHICH RENT INFLATION SLOWS IS STILL FAR AWAY
• *POWELL: AT SOME POINT YOU'LL SEE RENTS COMING DOW

Here, Powell is doing two things; i) he is referring to the latest shelter/OER (owner equivalent rent) inflation data as reported by the CPI and which is indeed soaring...



... and ii) is dead wrong by making the exact same mistake that so many economists made last year when they did not realize just how high rent inflation will soar as it tracks real-time rental metrics, something we first explained last summer in "What Rental Hyperinflation Looks Like: "Soaring Prices. Competition. Desperation", when we showed - without a shadow of a doubt - why inflation was not transitory (we now know that was the correct interpretation).

The bottom line, as we explained in "With Krugman Humiliated, This Is What Goldman Thinks True Rent Inflation Is", is that while the heavily-delayed CPI data is showing runaway inflation, what it is really showing is the state of the rental market 6-9 months ago.

What about the actual state of rents? For the answer we go to the latest monthly report from Apartment List which we have used consistently since early 2021, and where we find something stunning: rents just tumbled by the most on record!

As the AL blog writes in its latest monthly note, "the national index fell by 0.7 percent over the course of October, marking the second straight month-over-month decline, and the largest single month dip in the history of our index, going back to 2017."



More details:

These past two months have marked a rapid cooldown in the market, but the timing of that cooldown is consistent with a seasonal trend that was typical in pre-pandemic years. Going forward it is likely that rents will continue falling in the coming months as we enter the winter slow season for the rental market.

Despite the monthly decline, rent growth over the course of this year continues to outpace the pre-pandemic trend, even as it has slowed significantly from last year’s peaks. So far in 2022 rents are up by a total of 5.9 percent, compared to a record 18 percent at this point in 2021. Year-over-year growth has decelerated rapidly since the start of the year, but it’s still likely that 2022 will end up being the second fastest year of rent growth since the start of our estimates.



The cooldown in rent growth is being mirrored by continued easing on the supply side of the market. Our vacancy index now stands at 5.5 percent, after a full year of gradual increases from a low of 4.1 percent last fall. In the past two months, this easing of the vacancy rate has picked up steam again, after plateauing a bit over the summer. That said, today’s vacancy rate remains below the pre-pandemic norm.

The recent slowdown has been geographically widespread. Rents decreased this month in 89 of the nation’s 100 largest cities in October. Boise, ID – one of the first rental markets to explode in the early phases of the pandemic – saw the sharpest rent decline among the nation’s 100 largest cities this month (-3.5 percent). At the metro level, we are continuing to see an ongoing cooldown in many of the recently booming Sun Belt markets. Las Vegas, Phoenix, Jacksonville, and Riverside have all seen rent growth of more than 30 percent since March 2020, but none of these metros has seen rents increase by more than 2 percent over the past twelve months.

Summarizing the above, Apartment List writes that "the national median rent increased by a record-setting 17.6 percent over the course of 2021. This rapid growth in rent prices is a key contributor to overall inflation, which is currently rising at its fastest pace in 40 years." Furthermore, now that virtually all economists - not just this website - refer to the Apartment list index, the consultance writes that "with inflation top-of-mind for policymakers and everyday Americans alike, Apartment List rent index is particularly relevant, since movements in market rents lead movements in average rents paid.

As a result, our index can signal what is likely ahead for the housing component of the official inflation estimates produced by the Bureau of Labor Statistics."

Thankfully, the Apartment List authords write, for the country’s renters, the national rent index has shown month-over-month growth decelerating quickly in recent months. "In fact, for the past two months, our index has actually been declining."

What does this mean for the CPI's OER and, eventually, the Fed which continues to just watch this badly lagging index while ignoring real-time indicators? Here is the answer:

Source: Apartment List

Translation: we are not only two months away from rents not only sliding a record-tying 4 months in a row, but we are also two months away from rent inflation turning flat (or negative) on the year. And the paradox: in two months is precisely when the (6-9 month delayed) OER inflation will peak and the Fed will be hiking with gusto and signaling that the market the terminal rate is 5% or more. This will happen just as the economy goes into freefall. A few months (or weeks) later the Fed will finally be scrambling to undo the biggest mistake it has ever done by pushing the US economy into a quasi-depression.

Unfortunately, that particular U-turn won't have a happy ending.

 

[marsh]

Thanks for the help WOS. I had some chores to do today and got a late and interrupted start.

 

[marsh]

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Watch Live: President Biden Reads Pre-Midterm Speech On 'Dangers To Democracy'

WEDNESDAY, NOV 02, 2022 - 03:55 PM

With midterms right around the corner and polls looking dismal for Democrats, President Biden is set to give a Wednesday speech on "preserving and protecting our democracy" during a DNC event in Washington DC.

Because when you don't have any accomplishments to ride on, use fear.

Biden is scheduled to speak at 7pm ET at the Columbus Club in Union Station, where he will discuss "the threat of election deniers and those who seek to undermine faith in voting and democracy." Really?

Watch live:

View: https://youtu.be/nJfFPaKiew4
27:55 min (starts at 6:24 min)

The speech was announced Wednesday morning during an Axios event.

"Well, obviously, President Biden has been speaking about democracy for the entire time he's been in office. And before then know, I think you can expect to hear from him this evening similar to what he's been saying over the course of the last several months, that there is a lot at stake, including democracy, and that everyone has a role on that," White House deputy chief of staff Jen O'Malley Dillon told Axios.

"I think the other thing that will be really important and something you heard from President Biden in 2020 was that people are going to be able to vote. Over 25 million already have. They are voting all across the country. You know, in some places where we will have a lot of attention, focus, the votes will be counted and will take a few days to be counted because that's how democracy works to make sure every vote is counted. So and highlight that as well for," she added.

White House senior adviser Anita Dunn said that Union Station was chosen as the venue because of its proximity to Capitol Hill, where the January 6th riots took place, Fox News reports.

"On January 6, we saw violence geared toward subverting democratic processes there. So it is you know, it's an appropriate place to make these remarks tonight," Dunn said. She added that most Americans find political violence "abhorrent" and cited the brutal attack on House Speaker Nancy Pelosi's husband Paul Pelosi as a recent example," she said, adding "[Political violence is] something that unites almost all Americans and that we can all be united against. And obviously, we've seen horrible things happen quite recently, certainly the speaker's husband. But it's from Capitol Hill because that is where there was an attempt to subvert our democracy."

^^^^^


^^^^
Brian Kilmeade calls Biden's speech "Presidential address abuse." LIVE

Brian Kilmeade calls Biden's speech "Presidential address abuse."​

The Post Millennial Clips Published November 2, 2022
Brian Kilmeade calls Biden's speech "Presidential address abuse."

 

[WOS]

Thanks for the help WOS. I had some chores to do today and got a late and interrupted start.

You're welcome, glad I could help...

 

[marsh]

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

No, There Will Not Be Any "Pandemic Amnesty"

WEDNESDAY, NOV 02, 2022 - 04:30 PM
Authored by Mark Jeftovic via BombThrower.com,

Nothing is Forgotten, Nothing Will Be Forgiven.
On the very first day of this year I wrote that the pandemic was over and that only the most brainwashed true believers would cling to the absurd narratives that enabled it. Since then, all of it has been exposed to be falsehoods, cluelessness and lies:

• Vaccines were never tested or proven to stop transmission.
• The fatality rate was around 0.005%
• Ivermectin worked
• Masks don’t
• Lockdowns did more damage than good

…and the final straws for the credibility of all involved:

• This thing came out of a lab, and
• "Safe and effective” turned into “sudden and unexpected”

Innumerable careers, reputations and lives have been destroyed in order to enforce a completely debunked narrative as truth. The mainstream media, Big Tech, governments at all levels, neo-liberal glee clubs like the WEF, all coordinated to gaslight the entire population of the world that we were facing existential annihilation, and would have to henceforth trade in our civil rights to these authorities to escape it.

The economic damage is only now beginning to be felt in runaway inflation with central banks powerless to contain it, at risk of destroying what’s left of the economy.

We don’t need to enumerate the litany of injustice, ridicule and persecution anybody who tried to counter these absurd narratives had to endure. Lost friends, family, jobs, position, businesses, cancelations, deplatformings – all of it.

So it is unsurprising, now that the edifice is crumbling, that those who piled on to the persecutions, those who feathered their nest being “on the right side of history”, seeing that it’s all turning to dust in realtime, are starting – one and all – to back away from their role.

Now the name of the game is to distance oneself from the most intense and virulent outbreaks of mass formation psychosis in recorded history:



There are many who were up to their eyeballs in this who will now try to frame themselves as “the voice of reason” who was trying to introduce some rationality into the conversation.




Don’t believe them.



If the globally botched pandemic response accomplished one thing, it was to open many people’s eyes to how obsolete and ill equipped our current institutions are for handling a global crisis in this new, decentralized, multi-polar world.

While these insular elites believed they had Divine Right to “re-imagine” every aspect of our lives for some grandiose Great Reset, it’s these sclerotic, self-serving institutions they inhabit who are going to get their asses re-imagined. With a vengeance.

Here’s what you can do to reclaim your life, and take your power back from those who abused it and used their positions against you:

1. Vote out any politician who imposed lockdowns or vaccine mandates – regardless of party affiliation. At least the ones who doubled down on them after it became clear how destructive and ineffective they were.
2. Cancel all paid subscriptions to the mainstream media – you’re better off supporting the many independent outlets and those doing real journalism and providing high-signal content.
3. Advocate for defunding state-run media apparatuses: NPR in the US, CBC in Canada, BBC in the UK, et al
4. De-Google-fy your life: Start looking at alternatives to Big Tech. There are other search engines like Duck, Facebook is quickly becoming irrelevant, Twitter may be fun for awhile longer given the meltdowns over the Musk takeover.
5. Don’t hire or do business with Covid fanatics. If you’re hiring or scouting vendors, check their socials: were they demonizing lockdown skeptics? Hashtagging “#Freedumb”? (Better start scrubbing those timelines, mofos)
6. Buy Bitcoin. Yes, I’m shilling BTC because Bitcoin is the global opt-out – stacking sats is calling b/s on everything.

https://twitter.com/i/web/status/1587417146237210624

View: https://twitter.com/i/status/1587417146237210624
.21 min

There will be no pandemic amnesty. More likely, by the time this is all over, there will be pandemic tribunals.

 

[marsh]

The Lukoil Loophole: How Russian Oil Sidesteps Sanctions To End Up In The US | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

The Lukoil Loophole: How Russian Oil Sidesteps Sanctions To End Up In The US

WEDNESDAY, NOV 02, 2022 - 06:30 PM

Authored by Mike Shedlock via MIshTalk.com,

I describe the roundtrip process in which Russian oil refined in Italy makes its way to to the US. It's a real hoot...


Image composite from WSJ video below

The Wall Street Journal has an interesting video that describes How Russian Crude Avoids Sanctions and Ends Up in the US.

With an upfront ad, that is a free WSJ video link.

The Lukoil Connection​

Image composite from WSJ video

Sanction Avoidance Process ​

• US sanctions are on crude oil, not refined products.
• Lukoil, Russia's second largest oil and gas company was not sanctioned by the US.
• Lukoil's refinery in Sicily is the second largest in Italy and fifth largest in Europe.
• A Lukoil refinery in Italy once processed crude from multiple countries. Now it inputs are 93 percent from Russia.
• After refining, the country of origin is Italy, not Russia. This is due to longstanding practice of changing the country of origin to where oil is refined.
• The refined product then makes its way Exxon and Lukoil plants in New Jersey and Texas.
• Lukoil still has a gas station presence in the US and it distributes products to eleven states.

Lukoil Stations in 11 US States​

Image composite from WSJ video

Note: Most of the 230 Lukoil gas stations in the US are owned by individual American franchisees, not the oil giant itself.

Understanding the Process​

• The US has sanction exclusions for oil "substantially transformed into a foreign-made product."
• US refiners cannot process Russian crude, but Italian refiners can, then distribute the product here.
• In return, US can send its refined products to the EU, completing the round trip!

Lukoil is 6th largest refiner in Europe. It went from processing 30% Russian oil to 93%. That's a pretty big sieve even if amounts to US are small.

Conveniently timed for the US election, European bans on Lukoil do not come into play until December 5.

Unless the EU backs down, this could lead to another surge in the price of gasoline in December.

Meanwhile, In eleven US states, people are filling up their tanks in part with Russian oil products via the above convoluted means.

The US Treasury department refused to comment on this process. Gee, I wonder why.

Biden says this is all Putin's fault, while traipsing the globe begging Saudi Arabia and Venezuela for more oil.

Finally, after Biden told both OPEC and the US oil industry of its intent to kill the industry, the president now threatens both the US and Saudi produces with tax hikes and unspecified consequences.

For discussion, please see Biden Threatens Saudi Arabia With Unspecified Consequences for Slashing Oil Production

Consequences

"There will be consequences," says president Biden. "It's time to rethink our relationship with Saudi Arabia."

Yeah, there will be consequences.

The one on the immediate horizon is an election blowout on Tuesday, November 8.

 

[marsh]

China's 'iPhone City' Locks Down As Workers Flee Factory Amid Zero Covid Chaos | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

China's 'iPhone City' Locks Down As Workers Flee Factory Amid Zero Covid Chaos​

WEDNESDAY, NOV 02, 2022 - 04:50 PM

A week-long lockdown was implemented around the world's largest iPhone factory in the central Chinese city of Zhengzhou. Beijing is ramping up its zero Covid policy despite internet rumors suggesting otherwise, only to be proven false this morning.

Zhengzhou officials posted a statement on WeChat stating that the lockdown in the metro area would last through November 9.

It [memo on WeChat] ordered people and vehicles off the streets except for medical or other essential reasons, a prohibition that threatens to cut off the flow of additional workers and components needed to rev up production ahead of the holiday-season crush. --Bloomberg

The lockdown could significantly impact Foxconn's largest iPhone factory, producing four of five of Apple's latest handsets.



Last month, Foxconn closed off the factory of 200,000 employees to the outside world due to an outbreak of infections, embracing a "closed loop" system, where workers live on campus and are prohibited from physical contact with the outside world – including family members.



As a result of the lockdowns, cafeterias at the manufacturing site were shut down, and workers on assembly lines were given "meal boxes." Some employees have remained locked down in their dormitories and were given only instant noodles. Unrest is rising at the factory as workers are fed up with cramped living and working conditions.

There have also been reports of workers escaping from the factory.

WaPo interviewed one worker named "Zhuo," 19, who was among hundreds of others that busted out.

On Friday, Zhuo decided to make a run for it. He climbed a seven-foot wall, ducked under a fence through a hole dug out by workers who fled before him and walked almost 15 miles before getting a ride from a passerby.

"There were around 200 of us that evening. It was like a prison break movie," Zhuo said by phone from a quarantine hotel near his home in Henan province.

Zhuo did not give his full name out of security concerns.

The lockdown of the surrounding area and chaos in and around the factory comes as Apple just launched the iPhone 14.

Counterpoint senior analyst Ivan Lam said the factory is responsible for 80% of iPhone 14 production and 85% of iPhone 14 Pro production.

There have been no reports of disruptions yet, and the factory is supposedly well-supplied with components to operate "for a while," according to Bloomberg.

No wonder a growing number of US companies with manufacturing facilities in China are looking to rejigger supply chains elsewhere. What a mess China has become under zero Covid policies.

 

[marsh]

Powell Pulls Rug Out From Euphoric Fed Statement Reaction, Terminal Rate Spikes | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Powell Pulls Rug Out From Euphoric Fed Statement Reaction, Terminal Rate Spikes​

WEDNESDAY, NOV 02, 2022 - 03:01 PM
US equity markets were weaker into the FOMC statement after 'good' news from ADP on the labor market. The FOMC statement was met with euphoria in stocks as traders saw hopes for a 'pause' but Powell pissed in that punchbowl during the presser with the following exchange:

“the labor market continues to be out of balance, with demand substantially exceeding the supply of available workers” reinforces the notion that the Fed is looking at both employment and inflation as giving it plenty of reasons to keep tightening.

Powell reiterated previous comments that “at some point” it will become “appropriate to slow the pace of increases.”

But most notably pointed out that there is “significant uncertainty” around that end-point.

“We have some ways to go," adding that the ultimate level of the terminal rate may be higher than previously expected.

"The question of when to moderate the pace of increases is now much less important than the question of how high to raise rates and how long to keep monetary policy restrictive."

And after the initial euphoric reactions, markets all reversed as Powell basically hinted that rates will stay 'higher for longer':

"...pausing is not something we're thinking about..."

Simply out, as Bloomberg's Ed Harrison concluded, "the downshift in the pace of policy tightening is now irrelevant."

Terminal rate expectations ended the day at new cycle highs (above 5.10%) and rate-cut expectations shifted hawkishly...


Source: Bloomberg

Rate hike expectations for Dec and Feb initially dropped but that all reversed after Powell's comments with Feb 50bps hike odds now higher on the day (at 60% by the close)...


Source: Bloomberg

The market just keeps repricing rate expectations 'higher for longer' against its will...


Source: Bloomberg

That dragged stocks back down. Nasdaq and Small Caps puked over 3% (from up over 1% right after the FOMC statement). The S&P was down over 2%...



We note that the S&P stalled at its 100DMA and then tumbled back below its 50DMA...



The Dow broke back below its 200DMA...



As Bloomberg's Ye Xie noted, Powell has just flipped his argument of risk management.

Prior to the pandemic, the Fed’s story line has been that they’d rather let inflation run hot, than allowing inflation to stay too low for too long. It’s easier to deal with inflation than deflation, so goes the argument.

Today, Powell says it’s the other way around. It has tools to clean up over-tightening rather than to let inflation stray from the target for too long.
Times have changed.

Powell discussed his favorite yield curve indicator - The 3-month/18-month forward spread - noting that it is something The Fed monitors. It is on the verge of inversion (currently implying a 31% chance of a recession in the next 12 months)...


Source: Bloomberg

But, he reiterated that they clearly would prefer to over-tighten than under-tighten:

• *POWELL: IF WE OVERTIGHTEN, WE CAN SUPPORT ECONOMIC ACTIVITY
• *POWELL: IF WE UNDERTIGHTEN, RISK IS INFLATION ENTRENCHED

So the pain will continue until inflationary morale improves...
Treasury yields swung wildly on the day, diving dovishly on the statement then spiking hawkishly on Powell's comments. The short-end underpeformed...


Source: Bloomberg

10Y Yields briefly dropped below 4.00% before ripping back higher but the 5Y yield saw the biggest swings of all maturities today...


Source: Bloomberg

The dollar puked lower on the FOMC statement but completely reversed that on the 'higher for longer' tone from Powell...


Source: Bloomberg

Bitcoin tumbled back from an initial kneejerk higher to test back down to $20,000...


Source: Bloomberg

Gold pumped (on the FOMC statement) and dumped (on Powell's hawk-tardishness)...



Oil managed to hold on to gains (Saudi/Iran headlines) on the day despite weakening on Powell's hawkish tone...



Finally, one has to believe The Fed knew they were laying a trap for the markets today - confirming dovish narrative from the blackout period with the statement then pulling the rug out during the presser with hawkish rhetoric.

Arguably, one might believe The Fed wanted to get financial conditions back under their control...



...and once again stomp on the over-enthusiastic hope of equity market dip-buyers...



And next week we have CPI and Midterms to look forward to!

 

[marsh]

(Congo)

Civilians attack U.N. convoy in eastern Congo 1:03 min

CIVILIANS ATTACK U.N. CONVOY IN EASTERN CONGO​

• WATCH

Civilians attacked a United Nations peacekeeping convoy in eastern Democratic Republic of Congo, injuring two people as they accused the U.N. mission of failing to protect them from worsening militia violence. 11/02/2022 Reuters

 

[marsh]

(New Zealand)

#EvilWitchNews Dictator Jacinda Ardern gives lame excuse for suppressing the truth with censorship .23 min

#EVILWITCHNEWS DICTATOR JACINDA ARDERN GIVES LAME EXCUSE FOR SUPPRESSING THE TRUTH WITH CENSORSHIP​

• WATCH

Jacinda Ardern is an evil witch who conspired against her country from the very first day. The mosque attack was an operation she put into action in 2019 so she could disarm the Kiwis. Because she's a member of the WEF Global Leaders cult she knew of the plan to poison the human race with a vaccine was coming so she decided to disarm the people ahead of time. So with the help of the deep state (Five Eyes) she staged the mosque shooting. She even had the police conduct a drill at the same time it was happening. She had her father who used to be the head of the police in New Zealand help her. After the false flag shooting she got on TV and blamed all white male Kiwis of racism and then used that for an excuse to disarm the people. I hope the Muslim immigrants understand this now. She's not just poisoning white Christians she poisoning you too. Anyway she made a big deal of the conquest. She had white female cops wearing Hijabs to disarm their own males. How infuriating was that? She was an enemy of the people of New Zealand from the first day in office. Anybody who supports her is a traitor and will be tried for treason when this is all over.

^^^^^
New Zealand: Intelligence Services Labeling Those Not Complying As Terrorists 2:17 min

New Zealand: Intelligence Services Labeling Those Not Complying As Terrorists​

SettingBrushfires Published November 2, 2022

(Notes: Know the signs - seeing someone around you is radicalized, that they are developing an ideology that COVID actions were wrong or that rights were being violated -conspiracy theories. Reporting them to intelligence for potential terrorist activities.)

 

[marsh]

(China)

China: Living in a COVID controlled country! See what the bioweapon was for? Understand now? .28 min

CHINA: LIVING IN A COVID CONTROLLED COUNTRY! SEE WHAT THE BIOWEAPON WAS FOR? UNDERSTAND NOW?​

• WATCH

In the future the DEAD will be the lucky ones! Young people better wake up before they erase your life!
EVERY MOVEMENT REQUIRES YOU TO IDENTIFY YOURSELF WITH THE COVID PASS APP

 

[marsh]

(Brazil)

02.11.22 Mike Lindell "We had cyber guys watching the election and Lulu stole 5.1 million votes" 1:54 min

02.11.22 MIKE LINDELL "WE HAD CYBER GUYS WATCHING THE ELECTION AND LULU STOLE 5.1 MILLION VOTES"​

• WATCH

Bolsonaro tried to get paper receipts for the Dominion voting machines but the corrupt communist Supreme Court said NO! So there is absolutely NO physical evidence of the votes! NONE!

^^^^
02.11.22 Brazil... Cowboys for freedom protest stolen election #BolsonaroWon #NoCommunism .29 min

02.11.22 BRAZIL... COWBOYS FOR FREEDOM PROTEST STOLEN ELECTION #BOLSONAROWON #NOCOMMUNISM​

• WATCH

02.11.22 Brazil .. for the third day in a row the Brazilian people are on the streets. For the third day in a row, today in front of the military barracks, protesters refuse to accept the candidate Lula as president of Brazil and call for federal intervention.

^^^^
Brazil: Lula supporters loot Brazil to celebrate him "winning" .32 min

BRAZIL: LULA SUPPORTERS LOOT BRAZIL TO CELEBRATE HIM "WINNING"​

• WATCH

Thugs always support each other especially when they're STEALING!

^^^^^
02.11.22 The people of Brazil cheer a military convoy as it drives through the streets 1:05 min

02.11.22 THE PEOPLE OF BRAZIL CHEER A MILITARY CONVOY AS IT DRIVES THROUGH THE STREETS​

• WATCH

In Brazil, the people and the military are on Bolsonaro's side. How is Lula going to get a presidency if he doesn't have one or the other?
Guys, this is going viral. People around the world are going to look at this very closely. You will question and see what happened. If, as you can see here, the military is on the right side, Deepstate must now also prepare for difficult times in the media. It is a pleasure to see how this will play out across the world now. It's definitely heading in the right direction and please remember November 8th in the US. As DC falls, the remaining dominoes begin to destroy the Age of Dominion.

^^^^^
2/11/2022 Brazilian election fraud protesters singing lovely patriotic songs on a train .27 min

2/11/2022 BRAZILIAN ELECTION FRAUD PROTESTERS SINGING LOVELY PATRIOTIC SONGS ON A TRAIN​

• WATCH

^^^^^
2/11/2022 Brazil Huge Crowds support Bolsonaro say no to communist Lulu .13 min

2/11/2022 BRAZIL HUGE CROWDS SUPPORT BOLSONARO SAY NO TO COMMUNIST LULU​

• WATCH

 

[marsh]

2/11/2022 Brazil the old and young are together in the revolution can you feel the love? .36 min

2/11/2022 BRAZIL THE OLD AND YOUNG ARE TOGETHER IN THE REVOLUTION CAN YOU FEEL THE LOVE?​

• WATCH

^^^^
11/1/2022 Brazil Patriots sing lighting up the night .49 min

11/1/2022 BRAZIL PATRIOTS SING LIGHTING UP THE NIGHT​

• WATCH

God bless the patriots "Deus abençoe os patriotas"

^^^^^^
02.11.22 - Florianópolis - Brazil HUGE crowd of patriot marchers goes on for miles .10 min

02.11.22 - FLORIANÓPOLIS - BRAZIL HUGE CROWD OF PATRIOT MARCHERS GOES ON FOR MILES​

• WATCH

^^^^
11/2/2022 Brazil: Protesters in front of military barrack say "Armed forces, we authorize" .27 min

11/2/2022 BRAZIL: PROTESTERS IN FRONT OF MILITARY BARRACK SAY "ARMED FORCES, WE AUTHORIZE"​

• WATCH

"Armed forces, we authorize, federal intervention"
Estamos aqui peio nosso Brasil "We are here for our Brazil"

^^^
01.11.22 - Brazil - Some police officers begin to join the protest against fraud in the election .14 min

01.11.22 - BRAZIL - SOME POLICE OFFICERS BEGIN TO JOIN THE PROTEST AGAINST FRAUD IN THE ELECTION​

• WATCH

Estamos aqui peio nosso Brasil "We are here for our Brazil"

^^^^^
11/1/2022 Brazil: Farmers dump dirt on roads protesting the stolen election ,24 min

11/1/2022 BRAZIL: FARMERS DUMP DIRT ON ROADS PROTESTING THE STOLEN ELECTION​

• WATCH

Estamos aqui peio nosso Brasil "We are here for our Brazil"

^^^^
11/1/2022 Prudentopol, Parana, Brazil Christians kneel in Prayer protesting stolen election part 1 .42 min

11/1/2022 PRUDENTOPOL, PARANA, BRAZIL CHRISTIANS KNEEL IN PRAYER PROTESTING STOLEN ELECTION PART 1​

• WATCH

 

[marsh]

I don’t think Brazil will be going quietly into the night. Something seems to be happening here .14 min

I DON’T THINK BRAZIL WILL BE GOING QUIETLY INTO THE NIGHT. SOMETHING SEEMS TO BE HAPPENING HERE​

• WATCH

^^^^
Truckers, farmers and patriots take Brazil. They ask the military leaders to arrest Lula .24 min

TRUCKERS, FARMERS AND PATRIOTS TAKE BRAZIL. THEY ASK THE MILITARY LEADERS TO ARREST LULA​

• WATCH

Truckers, farmers and patriots take Brazil. They ask the military leaders to arrest Lula: "We will not allow a corrupt criminal to rule us!"

^^^^
BRAZIL: The translation says the "establishment is collapsing" and these are "elite special forces." .40 min

BRAZIL: THE TRANSLATION SAYS THE "ESTABLISHMENT IS COLLAPSING" AND THESE ARE "ELITE SPECIAL FORCES."​

• WATCH

BRAZIL: The translation says the "establishment is collapsing" and these are "elite special forces."
Some heavy armor in this convoy. This doesn't look like it's for the protestors.
If the armed forces start siding with protesters...Lula will never be President.

^^^^^
Military units in the streets in Brazil! 1:09 min

MILITARY UNITS IN THE STREETS IN BRAZIL!​

• WATCH

Military units in the streets in Brazil!

I saw at least 2 soldiers slapping the flag on their shoulder and giving the crowd thumbs up. Good sign!

^^^^
Brazilian Patriots Rise up for Bolsonaro and Surround Military Command in Rio De Janeiro .25 min

Brazilian Patriots Rise up for Bolsonaro and Surround Military Command in Rio De Janeiro​

The Vigilant Fox Published November 2, 2022

 

[marsh]

Ep. 2915a - The [CB] Is Using The Same Economic Playbook, Biden Admin Caught In A Lie 17:16 min (starts at 1:25 min)

Ep. 2915a - The [CB] Is Using The Same Economic Playbook, Biden Admin Caught In A Lie​

X22 Report Published November 2, 2022

The Biden admin is still admitting there is a baby formula shortage. Small businesses are having a difficult time paying their rent. The Biden admin lied about the SS benefits, they were caught and retracted it. The [CB] is using the same playbook and the patriots know it.

 

[marsh]

Texas Mayor at C40 Summit admits he won’t follow the climate policies he’s imposing on the people 11:55 min

Texas Mayor at C40 Summit admits he won’t follow the climate policies he’s imposing on the people​

Rebel News Published November 2, 2022

^^^^^

Texas Mayor attending C40 Summit admits he won’t follow the climate policies he’s imposing on the people

Attending the C40 Summit was the Mayor of Austin, Texas, Steve Adler, and Rebel News reporter Lincoln Jay was able to ask him a question during a press conference.

www.rebelnews.com

Texas Mayor attending C40 Summit admits he won’t follow the climate policies he’s imposing on the people​

Attending the C40 Summit was the Mayor of Austin, Texas, Steve Adler, and Rebel News reporter Lincoln Jay was able to ask him a question during a press conference.

• By Lincoln Jay
• November 02, 2022
• News Analysis

The C40 World Mayors Summit recently took place in Buenos Aires, Argentina, where mayors from across the globe travelled to participate in discussions to combat climate change on an international scale.

These mayors belong to C40 Cities, which is a network of more than 100 global mayors that aim to address the “climate crisis” by implementing the same policies in order to reach net-zero emissions by 2040.

Attending the C40 Summit was the Mayor of Austin, Texas, Steve Adler, and Rebel News reporter Lincoln Jay was able to ask him a question during a press conference. “Mr. Adler,” Jay said. “You flew over 5,000 miles to be here, to attend a summit that is promoting the elimination of fossil fuels. Don’t you think that’s hypocritical?”

In response, Mayor Adler told Rebel News, “The decision I made was that it was better for me to be here than to not be here.” During the exchange, Mayor Adler admitted to Jay that he doesn’t plan to personally abide by the climate policies set forth by C40 Cities.

Although Jay was able to fire off a question to Mayor Adler, it didn’t come as an easy feat. Officials at the C40 Summit did everything in their power to try to prevent Rebel News from asking questions after they found out from the previous day’s press conference that Rebel News is a team of skeptics reporting at the summit to expose corrupt politicians.

For more of Rebel News’ exclusive coverage of the C40 World Mayors Summit go to C40Summit.com

 

[marsh]

Tucker Carlson: "The guy who showered with his daughter is telling you you're a bad person." 4:46 min

Tucker Carlson: "The guy who showered with his daughter is telling you you're a bad person."​

The Post Millennial Clips Published November 2, 2022

Tucker Carlson breaks down Biden's speech: "The guy who showered with his daughter is telling you you're a bad person."

 

[marsh]

America Is Lost Until All Liars Are Exposed

The Branch Covidians want amnesty, like calling a Mulligan and moving on. Meanwhile, they want us to pretend there's no censorship of the truth as they continue to spread lies. They call us election d

rumble.com

1:52:41 min

America Is Lost Until All Liars Are Exposed​

The JD Rucker Show Published November 2, 2022

The Branch Covidians want amnesty, like calling a Mulligan and moving on. Meanwhile, they want us to pretend there's no censorship of the truth as they continue to spread lies. They call us election deniers. They call us conspiracy theorists. And they want our forgiveness every time their lies are exposed.

No more. The memory hole must be closed and nothing must be allowed to enter it every again.

 

[marsh]

Did Julian Assange's lawyers just EXPOSE this CIA scheme? Redacted with Natali and Clayton Morris 12:43 min

Did Julian Assange's lawyers just EXPOSE this CIA scheme? Redacted with Natali and Clayton Morris​

Redacted News Published November 2, 2022

Former Secretary of State Mike Pompeo was served with a lawsuit for his role on attacking Julian Assange, who is still not free! Reports are that Pompeo wanted Assange kidnapped and harmed. The lawsuit claims he provided oversight for a criminal conspiracy to violate Fourth Amendment rights of American lawyers and journalists inside the Ecuadorian embassy in London. What will come of this? We break it down. Free Assange now!

^^^^^
Wait! Dictator Trudeau did WHAT? FBI helped against trucker convoy | Redacted with Clayton Morris 13:49 min

Wait! Dictator Trudeau did WHAT? FBI helped against trucker convoy | Redacted with Clayton Morris​

Redacted News Published November 2, 2022

"The FBI provided assistance to the Canadian government to police the trucker convoy, according to new reports. The report says that “There had been threats traced back to the U.S. as well. Support was being provided by the FBI.” The report does not say what kind of support the FBI was providing but it did say that Canada’s spy agency, the Canadian Security Intelligence Service (CSIS) was also involved. Why? What were they up to? Who were they monitoring?
"
^^^^^
Why is NO ONE stopping this? NATO readies MASSIVE attack, Putin sounds alarm | Redacted 20:32 min

Why is NO ONE stopping this? NATO readies MASSIVE attack, Putin sounds alarm | Redacted​

Redacted News Published November 2, 2022

American troops are in fact on the ground in Ukraine, according to several U.S. media reports. A Pentagon official says that U.S. troops are “monitoring NATO arms deliveries.” That's a fairly vague description of what we were assured would not happen. We talk about this major mission creep with Col. Douglas MacGregor.

 

[marsh]

'A Big, Big, Mistake': Watters, Rove, McEnany Blast Biden Speech 8:10 min

'A Big, Big, Mistake': Watters, Rove, McEnany Blast Biden Speech​

The Daily Caller Published November 2, 2022
'A Big, Big, Mistake': Watters, Rove, McEnany Blast Biden Speech

^^^
'The Five' Flame Biden's Upcoming Speech On 'Democracy' Being Under 'Assault' 11:29 min

'The Five' Flame Biden's Upcoming Speech On 'Democracy' Being Under 'Assault'​

The Daily Caller Published November 2, 2022

^^^^
Chris Carter: No Americans Care About Joe Biden's Speech At Union Station 5:18 min

Chris Carter: No Americans Care About Joe Biden's Speech At Union Station​

Bannons War Room Published November 2, 2022

(No summary given. Have not watched.)

 

[marsh]

Jayne Zirkle on Eco-terrorism And Its Influence on Young People 6:13 min

Jayne Zirkle on Eco-terrorism And Its Influence on Young People​

Bannons War Room Published November 2, 2022

(Youth voters are not engaged in the Democrat party. Pushing the young people to vote on climate change but does not seem to be motivating them to vote. Eco-terrorism "Just Stop Oil" completely aggressive. They have indicated that if the west was not decarbonized they would consider it a declaration of war.)

 

[marsh]

 

[marsh]

Michael Yon @MichaelYon
Nov 2, 2022 at 12:48pm
Excellent Interview with Cork Graham on Famine, Energy, Death Vax, More
Thank you for all support!

‎Cork’s Critical Thinking Corner with Cork Graham: Michael Yon on Famine, Pandemics and War…And the Future of the World on Apple Podcasts 1 hr. 16 min

 

[marsh]

(California)

Ag Alert

www.agalert.com

Madera farmers march on Capitol, protest water fees

November 2, 2022

Farmers and supporters march on the Capitol, demanding that officials provide more surface water for San Joaquin Valley agriculture. Many were farmers from Madera County upset about new fees on aquifer pumping.

By Peter Hecht (CFBF)

A group of San Joaquin Valley farmers, led by a contingent of growers from the Sikh community in Madera County, marched on the state Capitol last week to call for increased allocations of surface water for agriculture.

Farms in the valley received zero water deliveries this year from the federal Central Valley Project and faced severe cutbacks in diversions from the State Water Project. In addition, California water officials issued curtailment orders to protect the Sacramento-San Joaquin Delta.

“We’re protesting against the policies...that are cutting water in the Central Valley and affecting a lot of people’s lives,” said Jaspir Singh Sidhu, founder of the Punjabi American Growers Group, which represents more than 450 farmers and 100,000 acres of farmland.

Sidhu, who helped lead a march and rally of about 200 farmers and agriculture supporters, blamed California water policies for putting “the whole valley in a jeopardized condition” and threatening food production.

Sidhu represents farmers in Madera County, where the Board of Supervisors in September voted to impose a $100 per acre-foot penalty—to begin in 2023—on farmers who pump groundwater beyond their allocations.

This came after the county this summer added an additional $246-an-acre fee to manage irrigated lands in areas where farmers have no access to surface-water supplies and must rely exclusively on aquifers to grow crops. The fee has triggered a lawsuit from a farmers group called California Unified Water Coalition, which contends the fee is an illegal tax.

Christina Beckstead, executive director of the Madera County Farm Bureau, said many of the county’s Sikh farmers grow almonds, pistachios and other crops in areas without surface supplies.

As farmers regionwide have turned to groundwater to make up for cuts in reservoir supplies, that has further reduced aquifer levels and heightened frustrations for those relying solely on wells.

For the eight valley counties from San Joaquin to Kern, the California Department of Water Resources reported some 1,200 agricultural and domestic wells have run dry this year. Water officials reported 465 dry wells in the Madera County alone.

That is as California enters the third year of drought, with dry conditions across the West described by scientists as the worst in 1,200 years.

Beckstead, who wasn’t present at the Capitol rally, said the farmers from Madera County are saying, “‘Look, stop chastizing us for pumping groundwater when you cut off our surface- water supplies.’”

Beckstead has met with many of the affected farmers. She said, “At this point, their livelihood depends on something that is being taken away from them at every angle they turn. So they are trying to have that voice and explain what it is they’re losing and how it impacts everyone else.”

Sidhu, who is also part of the Unified Water Coalition group, said some farmers are frustrated with their own county. He said the new groundwater pumping penalties “basically now penalize us for taking water from the ground...when our state government is not allowing surface water.”

County Supervisor David Rogers, who voted against the pumping penalty, turned out in support of the farmers at the Capitol march and rally. He blamed California water policies for putting Madera County—and its farmers—in an untenable position.

“We know there’s a problem, and we know we have to fix the problem,” Rogers said. “But they’re trying to fix the problem on the backs of one group.”

Some participants in the protest called on state officials to release more water from the Sacramento and San Joaquin rivers to replenish badly depleted reservoirs. State water officials say they need to safeguard sufficient flows to protect salmon populations and the environment.

“I’m not saying take everything out of those rivers,” said protest participant Nanette Simonian, a Fresno County pest control advisor and former vegetable and organic prune farmer. “I’m just saying take a portion. I mean, there can be allocations into our reservoirs. I’m not saying take the whole thing—we don’t want the fish to die.”

Simonian said she is frustrated that “farms are getting torn up right now.” In Fresno County, she said, “you see citrus being pulled. You see olives being pulled out, vineyards being pulled out. No new planting is happening because there is no water.”

Rogers said he fears those who face hardships from water shortages “are the best environmentalists in the world—family farmers who love the land, who love their farms, and who want to see them continue to the next generation.”

He said it is unfair to blame “the farmer pumping groundwater.”

“Water is life,” he added. “And when you take away our water, you take away our life. You’re taking away our ability to make a living.”

 

[marsh]

‘Discourage Investment’: Clinton Treasury Secretary Bashes Biden’s Windfall Oil Tax Plan

Former President Bill Clinton's Treasury Secretary Larry Summers criticized President Joe Biden's plan to tax the windfall profits of major oil companies.

dailycaller.com

‘Discourage Investment’: Clinton Treasury Secretary Bashes Biden’s Windfall Oil Tax Plan

Daily Caller News Foundation logo
JACK MCEVOY
ENERGY & ENVIRONMENT REPORTER
November 01, 2022

Former President Bill Clinton’s Treasury Secretary Larry Summers on Tuesday criticized President Joe Biden’s plan to tax the windfall profits of major oil companies on Twitter.

Biden threatened to work with Congress to tax the “outrageous” profits of energy producers during a Monday speech after Exxon Mobil and Chevron posted massive quarterly profits on Oct. 28. However, Summers, who also worked in the Obama administration, said that Biden’s plan does not make sense as it would decrease profits and reduce investment in the industry, exacerbating current energy shortages.

“If you reduce profitability, you will discourage investment which is the opposite of our objective,” Summers wrote. “If it is a fairness argument, I don’t quite follow the logic since even with the windfalls Exxon has underperformed the overall market over the last 5 years.”



Biden accused oil and gas companies of “war profiteering” and excessively hiking fuel prices following Russia’s invasion of Ukraine. The American Petroleum Institute, an industry group that represents Exxon and Chevron, stated Monday that global markets determine energy prices and also said that Biden’s plan would accomplish the opposite of what is intended, according to a press release.

Windfall profit taxes that were implemented in the 1980s caused oil production to decline and forced the U.S. to be more dependent on foreign oil, according to a 2006 Congressional Research Service report.

Summers warned in February that the $1.9 trillion American Rescue Plan, combined with massive coronavirus relief spending and low interest rates, could drive inflation to unprecedented levels. The inflation rate rose 8.2% over the past 12 months, according to the Bureau of Labor Statistics.

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

 

[marsh]

The Government Is Set To Spend More On Debt Payments Than The Entire Defense Budget

Interest on federal debt to skyrocket, potentially surpassing defense spending by as early sat 2025, thanks to the Fed's rate hikes and soaring national debt.

dailycaller.com

The Government Is Set To Spend More On Debt Payments Than The Entire Defense Budget​

JOHN HUGH DEMASTRI CONTRIBUTOR
November 01, 202211:50 AM ET

Interest on federal debt is set to skyrocket, potentially surpassing defense spending by as early as 2025, CNN reported Tuesday.

The federal government made $475 billion in net interest payments in the fiscal year 2022 — which ended in September — up from $352 in fiscal year 2021, according to the Treasury Department. The number exceeds the $406 billion spent on transportation and veterans’ benefits, and is on track to eclipse the roughly $750 billion spent on defense this year between 2025 to 2026, according to CNN, citing financial analytics firm Moody’s Analytics.



“Regardless of who wins the midterms or in 2024, there are really difficult decisions that will have to be made,” Dan White, an economist at Moody’s Analytics, told CNN. “This is really going to handcuff them.”

The Federal Reserve has historically kept interest rates low in a bid to encourage economic growth and the purchase of U.S. debt by foreign investors, CNN reported. This contributed to aggressive borrowing campaigns by both the Trump and Biden administrations, which boosted the nation’s debt past $31 trillion for the first time this year, that have “fast-forwarded us almost an entire generation” in terms of debt, White said.

With inflation still above 8%, far above the Federal Reserve’s goal of 2%, it is unlikely that the Fed will slow its pace of interest rate hikes this week in a bid to put downward pressure on the economy and slow inflation, The Wall Street Journal reported Tuesday. As interest rate hikes push economic activity down and the cost of interest up, the U.S. might soon be in a position where it struggles to make its interest payments, White told CNN.

A recession, which economists consider increasingly likely, would make it even more difficult to make interest rate payments, since governments typically spend more on social programs during recessions, White told CNN.

“For decades, budget deficits didn’t matter and U.S. debt didn’t matter,” Peter Boockvar, chief investment officer at Bleakley Financial Group, told CNN. “Maybe all of a sudden they will.”

 

[marsh]

Top House Republicans blister Homeland chief Mayorkas over censorship, personal honesty

New letter demands documents on censorship partnership with private group, questions truthfulness of DHS secretary's public statements on border patrol agents.

justthenews.com

Top House Republicans blister Homeland chief Mayorkas over censorship, personal honesty​

New letter demands documents on censorship partnership with private group, questions truthfulness of DHS secretary's public statements on border patrol agents.

Updated: November 2, 2022 - 11:02pm

In a blistering oversight letter, 16 prominent House Republicans are accusing the Homeland Security Department of using a private group to "silence narratives" during elections and directly challenging the honesty of Secretary Alejandro Mayorkas concerning allegations he made against border patrol agents.

The letter sent Wednesday night to Mayorkas was organized by Rep. James Comer, the likely chairman of the House Oversight Committee if the GOP wins control of Congress in next week's midterms. It includes signatures from many other top Republicans on oversight committees, including Reps. Jim Jordan of House Judiciary and Virginia Foxx, the ranking Republican on the House Education and Labor Committee.

"While the Administration publicly paused the creation of its Disinformation Governance Board, DHS continues to suppress dissenting viewpoints," the lawmakers wrote, citing a series of Just the News articles last month that highlighted how Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA) collaborated with and endorsed the censorship activities of a private consortium called the Election Integrity Partnership.

Just the News reported the collaboration led to numerous requests to social media companies to censor, throttle or label as disinformation content involving 20 news sites, two dozen conservative influencers and nearly 22 million tweets during the 2020 election. The partnership recently announced it is back in action in 2022 and that some of its members got grants from the Biden administration.

The lawmakers wrote that "the Biden Administration continues to suppress free speech and discredit legitimate criticism as mis-, dis-, or mal- information" and that the collaboration with the Election Integrity Partnership appeared aimed at using "third parties to silence narratives that contradict the Administration's preferred perspectives on issues important to the national discourse."

You can read the full letter here:
File
DHS Censorship Letter 11022022 (2).pdf

The letter noted, as the Just the News stories did, that the collaboration allowed some federal agencies and the Democrat Party to file tickets seeking the private group's help censoring content, allowed federal officials to monitor the tickets and included a Harvard University center cofounded by Hillary Clinton's former campaign manager Robby Mook.

"Tickets uploaded into the computer system by users are viewable by federal employees and are resolved by actions taken by the tech company on whose platform the offending post appears," the letter noted. "Tickets were frequently resolved by taking one of several actions: 1) banning the user from posting his or her lawful speech or de-platforming the individual entirely, 2) algorithmically restricting the reach of the speech on the platform or 3) adding other information such as a warning label to the post alerting users to the post's disfavored status."

"The federal government should not be censoring free speech," the letter added.

The lawmakers said they were concerned by the legal interpretation that CISA has used to justify its participation with the EIP's censorship activities. "CISA is framing any dissenting opinion disseminated online as a cyber threat to critical infrastructure," they noted.

The lawmakers also made their objections personal, saying Mayorkas' agency was "poorly positioned to moderate speech on social media" given recent revelations about the honesty of the secretary's own comments about the conduct of horse-mounted border patrol agents falsely accused of whipping illegal migrants in a photo from 2021.

"You deliberately spread disinformation in a White House press conference last year surrounding false allegations that your Border Patrol Agents were whipping Haitian migrants at the border in Del Rio, Texas," the lawmakers alleged.

"At that press conference, you stated that 'we — our entire nation — saw horrifying images' that 'painfully conjured up the worst elements of our nation's ongoing battle against systemic racism,'" the letter added. "E-mails now reveal that you were made aware — hours before these comments — that the photographer who captured the images you were referring to told news outlets that he and his colleagues never saw agents whipping anyone.

"Armed with the truth, you still perpetuated a false narrative that agents were whipping migrants at the border."

The letter demands the department turn over to the Republican lawmakers "all documents and communications referring or relating to the inception and operation of the Election Integrity Partnership or any other online content monitoring program hosted by or in partnership with the Department of Homeland Security," including communications with partners and any tickets filed into the system.

With Democrats currently in control of the House, the letter may not generate an immediate response from the department. But it puts the agency on notice that if Republicans take control of the House in January they will be investigating the censorship activities and will have the power to compel the evidence sought in the letter, congressional aides told Just the News.

In addition to Comer, Jordan and Foxx, other signatories of the letter included: Reps. Glenn Grothman of Wisconsin, Michael Cloud of Texas, Bob Gibbs of Ohio, Clay Higgins of Louisiana, Ralph Norman of South Carolina, Pete Sessions of Texas, Fred Keller of Pennsylvania, Andy Biggs of Arizona, Andrew Clyde of Georgia, Scott Franklin of Florida, Byron Donalds of Florida, Pat Fallon of Texas, and Mike Flood of Nebraska.

 

[marsh]

John Kerry flying commercial to UN climate summit after private jet backlash

Kerry’s family jet, a Gulfstream GIV-SP, has made a total of 48 trips lasting more than 60 hours and emitted an estimated 715,886 pounds, or 325 metric tons, of carbon since President Biden was sworn into office as of July.

thepostmillennial.com

John Kerry flying commercial to UN climate summit after private jet backlash​

AMERICAN NEWS Nov 2, 2022
John Kerry flying commercial to UN climate summit after private jet backlash
Kerry's family jet, a Gulfstream GIV-SP, has made a total of 48 trips lasting more than 60 hours and emitted an estimated 715,886 pounds, or 325 metric tons, of carbon since President Biden was sworn into office as of July.

Olivia Rondeau
Nov 2, 2022

A State Department spokesperson has confirmed that President Joe Biden's Special Presidential Envoy for Climate, John Kerry, will fly commercial instead of private next week when he travels to Egypt for the 2022 United Nations Climate Change Conference, or COP27.

According to Fox News, Kerry will fly to Sharm El-Sheikh, Egypt via commercial aircraft after facing backlash for utilizing his family's private jet, which they still own, to attend other climate conferences.

View: https://www.youtube.com/watch?v=ftg32aAObvI&feature=youtu.be
2:33 min

Video on website .37 min

A member of the Forbes family and the Democratic Party, Kerry represented Massachusetts in the Senate for nearly three decades and served as the US secretary of state under former president Barack Obama. His family jet, a Gulfstream GIV-SP, has made a total of 48 trips lasting more than 60 hours and emitted an estimated 715,886 pounds, or 325 metric tons, of carbon since President Biden was sworn into office as of July, reported Fox News.

Several Republicans have pointed out the hypocrisy in this, including Missouri Sen. Josh Hawley, who said in July:

"Joe Biden launched his war on American energy on his first day in office, shutting down domestic energy production and making us reliant on our enemies… But while Americans are struggling to afford gas and being lectured about 'transitioning' their energy use, Biden's cabinet is jetting around the world wasting the same fossil fuels they say they want to ban. Americans can see the hypocrisy and it's insulting."

Just last Friday, the conservative government watchdog group Judicial Watch filed a Freedom of Information Act (FOIA) lawsuit against the State Department for details of Kerry's travel, which they believe are being hidden to protect them from criticism.

"People like John Kerry and these Hollywood types who use private jets to fly to climate change conferences… in a way that probably promotes more carbon distribution than anything else they're complaining about," said Tom Fitton, Judicial Watch president.

https://twitter.com/i/web/status/1587232959760834563

View: https://twitter.com/i/status/1587232959760834563
.27 min

 

[marsh]

https://therightscoop.com/breaking-white-house-deletes-social-security-tweet-after-readers-add-fact-check-to-the-tweet/

BREAKING: White House DELETES social security tweet after readers add fact-check to the tweet​

NOV. 2, 2022 1:42 PM BY THE RIGHT SCOOP

The White House just deleted a tweet hailing Joe Biden on social security after readers added a fact-check to the tweet.

The tweet came from the White House account and according to Politiwoops, it was deleted over two hours ago:



The reason the White House deleted it is because Twitter users in the “Birdwatch” program added context to the tweet, exposing the lies by the White House:



I know a person in the “Birdwatch” program, which is run by Twitter, and only certain Twitter users are in the group. Not sure how many, but these are the people responsible for the context getting added.

What I learned is that for context to be added, there needs to be bipartisan agreement. Which means it’s more rare to see context on a tweet because many times people are fighting about it and there’s never a consensus.

So for this context to get added it meant a lot of people agreed with it and believed it needed to be there because of the White House’s lie.

And the context added is absolutely true. Joe Biden is essentially taking credit for inflation by taking credit for these social security increases, because they are so large this year because inflation is so dang high.

Now you know why the White House deleted it.

Check this out if you are interesting in singing up for the Birdwatch program. Anyone can join.

 

[marsh]

Infowars Article

Infowars: There's a War on for your Mind!

www.infowars.com

Judge Napolitano: Biden Administration’s Big Tech Collusion Is ‘Fascism’​

by Kelen McBreen
November 2nd 2022, 12:15 pm

'This is the worst form of fascism the United States has seen,' says Judge Andrew Napolitano.

He also said the leaks are 'worse than what Snowden revealed because it's all being done behind a shield of private enterprise

Judge Andrew Napolitano made an appearance on “The Alex Jones Show” Tuesday to touch on the breaking news proving the Department of Homeland Security directly instructs social media companies to censor certain topics and even specific posts.

banned video on website 43:21 min

Beginning the conversation, Jones provided a background of the DHS from its post-911 attack birth under the Bush Jr. presidency to the modern day.

Recently, documents published by the Intercept showed the depth of the agency’s collusion with big tech companies.

Jones explained, “During Trump’s administration there were stay-behind groups set up by Obama, which we have articles from six years ago where he set them up, but now we know the details… Coordinating to undermine Trump and remove him from office, and then they manipulated the 2020 election.”

Jones continued, telling his audience how the DHS not only told websites like Facebook to ban stories on the Hunter Biden laptop fiasco but also to shut down any questioning of Covid lockdowns, open borders, election fraud and other topics where the establishment wants to control the narrative.

Napolitano praised Jones for warning listeners about the U.S. government’s control over Big Tech and said:

“When the Department of Homeland Security, or any government, engages a private entity to do the government’s bidding so it looks like the private entity – it looks like Facebook censors you but they’re really doing it because the government hates you – then the private entity is engaged in what the courts call ‘state action,’ which basically means the private entity and the government have become so intertwined with each other that the limitations the Bill of Rights puts on the government will be put on the private entity.”

Basically, if Facebook or others are censoring as a favor to the federal government, the Bill of Rights will be applied to the companies and they will be liable to lawsuits.

“Because these documents have been revealed, it is now obvious what they were doing,” Napolitano continued. “It is clear what the law is, and Facebook and Google and Twitter and whoever else is doing this will be exposed to mammoth liability by becoming spies and censors on behalf of the feds.”

The judge also told Jones what the DHS has been caught doing is “profoundly illegal” because it has a private entity standing in the place of the government, which is prohibited by the Fourth Amendment of the Constitution.

“What we now know has happened under Obama and Biden is the federal government hiding behind Big Tech and pretending it is Big Tech that is censoring us when in reality it is Big Tech doing what the federal government wants,” he said.

Answering the question of why major social media platforms would do the government’s bidding, Judge Napolitano explained the feds would remove Big Tech’s immunization against being sued for the content on their websites if they don’t play along.

He noted, “The Democrats are threatening to strip the immunity that’s granted to Big Tech if Big Tech fails to censor. The Biden administration is saying to them, ‘We’re censoring but we’re going to pretend it’s you and if you don’t go along with this pretense we will strip this immunity.'”

In a bold proclamation, Napolitano told Jones the latest DHS revelations are “worse than what Snowden revealed because it’s all being done behind a shield of private enterprise. This is the worst form of fascism the United States has seen. The definition of fascism is private ownership, but government control which is exactly what we have.”

Infowars, Napolitano and others in the alternative media community have been warning the American people about the rogue Deep State weaponizing the U.S. government against the public for years now.

Will this extraordinary proof of government corruption be the catalyst for a populist anti-NWO movement?

banned video on website 33:24 min

 

[marsh]

They Won’t Be Able to Deny the Cold, Hard Reality of What Is Happening to the U.S. Economy Much Longer

They are trying really hard to convince all of us that everything is just fine. But close to one-fifth of

americafirstreport.com

They Won’t Be Able to Deny the Cold, Hard Reality of What Is Happening to the U.S. Economy Much Longer

BY MICHAEL SNYDER November 2, 2022 in Cross-Posted, Opinions
Hunger

They are trying really hard to convince all of us that everything is just fine. But close to one-fifth of the U.S. population is skipping meals because food prices are too high. And nearly 40 percent of our small businesses couldn’t pay rent in October. Our leaders are trying to put a positive spin on things, but the truth is that we are witnessing a tremendous amount of economic suffering all over the United States right now. The core consumer price index just surged to “the highest level since 1982”, and this is putting an enormous amount of financial stress on American families and businesses.

This week, I was stunned to learn that a survey that was just released found that 37 percent of all small businesses in the United States could not pay rent last month…

The survey of 4,789 randomly selected small business owners saw more than half of respondents say their rent is at least 10 percent higher than six months ago.

If you go back seven months, the majority said their rents had increased by at least 20 percent.

Moreover, the study found that roughly 37 percent of small businesses – almost half of all Americans working in the private sector – were left unable to pay rent in October.

Prior to getting this news, if someone had asked me to guess the percentage of small businesses that are currently unable to pay rent, I would have responded with a figure that was far lower.

So often, things turn out to be even worse than I thought they were.

If those small businesses continue to be unable to pay rent, they will eventually be forced to shut down.

So what will our communities look like if millions of small businesses suddenly close up shop on a permanent basis?

Meanwhile, a different survey has discovered that 18 percent of Americans are now skipping meals because food prices have become so crazy…

Over the last 12 months, nearly two in five American households (40%) received food or goods from a food bank (22% for Millennials), and the same amount (17%) stopped buying healthier foods (organic or high-priced healthy foods).

Nearly one in five Americans (18%) say they skipped meals or didn’t buy groceries due to high inflation (including 28% of Gen Z and 23% of millennials).

Skipping meals can be a positive thing, because fasting is actually really good for your health.

But most of these Americans are not skipping meals for the health benefits.

In addition, the same survey found that many Americans are not taking medications or seeing their doctors because prices have gone up so much…

Many have cancelled or postponed plans in the past 12 months to see a specialist (14%), take a prescribed medication (10%) or get an annual physical (11%) due to high inflation.

If things are this bad already, what will those numbers look like next year at this time when economic conditions are significantly worse?

The American people are going to become increasingly frustrated as our standard of living continues to plunge.

All of us have to eat, and so many of the products that so many of us buy on a regular basis have gone up dramatically in price…

A year ago, a bag of potato chips at the grocery store cost an average of $5.05. These days, that bag costs $6.05. A dozen eggs that could have been picked up for $1.83 now average $2.90. A two-liter bottle of soda that cost $1.78 will now set you back $2.17.

Sadly, this is just the beginning.

Even though the Federal Reserve has declared war on inflation, food prices are going to continue to rise for a variety of reasons.

And as the cost of living keeps becoming more oppressive, more American families are going to struggle to make it from month to month.

Even now, nearly two-thirds of the entire country is currently living paycheck to paycheck…

As rising prices continue to outpace wage gains, families are finding less cushion in their monthly budget.

As of September, 63% of Americans were living paycheck to paycheck, according to a recent LendingClub report — near the 64% historic high hit in March. A year ago, the number of adults who felt strained was closer to 57%.

“Consumers are not able to keep up with the pace that inflation is increasing,” said Anuj Nayar, LendingClub’s financial health officer.

The worse things get, the more we will see people clamoring for the federal government to help them.

In fact, one recent survey actually discovered that 63 percent of all U.S. voters are in favor of “inflation stimulus payments”…

A recent poll found that almost two-thirds of Americans are proponents of the federal government sending out inflation stimulus payments.

About 63% of eligible U.S. voters expressed some degree of support for federal inflation relief checks being distributed, the Newsweek poll conducted by Redfield & Wilton Strategies showed. Of those who agreed the federal government should do so, 42% indicated they “strongly agree” while 21% said “agree,” according to the poll.

Sadly, most voters don’t seem to understand that sending out more stimulus checks would create even more inflation.

There is always a cost when the government gives out “free money”.

If our politicians would have exercised discipline over the past several years, we would not be in the mess that we are in today.

But now years of very bad decisions are catching up with us in a major way, and economic conditions are rapidly deteriorating.

At this point, the vast majority of the U.S. population can see this. According to one recent Gallup survey, a whopping two-thirds of all Americans believe that economic conditions in this nation are getting worse.

So many people are talking about the possibility of a recession in 2023.

If all we have is a recession next year, we would be extremely fortunate.

Because right now the economy is starting to crack and crumble all around us, and the outlook for the months ahead is exceedingly bleak indeed.

 

[marsh]

(Brazil)

'Invalid' Ballots Outnumber Lula's Margin of Victory by Millions in Brazil

"Invalid" ballots outnumber Lula's claimed margin of "victory" in Brazil by millions of votes, raising questions about massive election fraud.

nationalfile.com

‘Invalid’ Ballots Outnumber Lula’s Margin of Victory by Millions in Brazil​

Brazil's election has been marred with massive irregularities and alleged fraud.

by FRANKIE STOCKES
Last Updated on November 2, 2022

“Invalid/null” ballots outnumber the margin of “victory” claimed by CCP-tied Brazilian President-elect Luiz Inácio Lula da Silva by millions, throwing even more serious doubt into the razor-tight election that was openly meddled in by numerous foreign powers and Communist influence operations.

Luiz Inácio Lula da Silva, known simply as “Lula,” is claiming popular vote “victory” by a margin of less than 2% nationally. In a race where over 120,000,000 votes were cast, that margin equals a raw number difference of just 2,139,645 votes, far less than the number of ballots deemed “invalid” and excluded from the count.

Had all the votes been counted, it could have led to a much different result, for both Brazil and the future of Western Civilization.

According to the officially-listed election results, globo-communist-backed Lula received 50.9% of the national popular vote, which decides Brazil’s elections, compared to incumbent populist President Jair Bolsonaro, who’s been nicknamed the “Trump of the Tropics” and is reported to have received 49.1% of the vote.

The “official” results have been called into serious question nationwide and Bolsonaro has thus far refused to concede the race.​

He told a press conference after a day of media silence that he will “continue to fulfill all the commandments of [Brazil’s] constitution.”

Ballots deemed “invalid” outnumber Lula’s margin of “victory” by millions of votes in Brazil’s contested Presidential Election.

Among the questions being raised by election integrity activists in Brazil and observers around the world is how votes could have been deemed “invalid” or “null” in the first place, considering the election was 100% electronic.

The election featured electronic machines and voting technology from Dominion and Smartmatic, two firms that played and continue to play a central role in documented 2020 fraud claims in the United States.

In Brazil, long considered a major prize for the international left, Dominion, Smartmatic, and other global electioneering actors have been accused of re-running their 2020 USA playbook.

The people of the nation though are standing up en masse, taking to the streets in support of incumbent President Bolsonaro and wreaking havoc on the nation’s infrastructure in the process, blocking roads and airport entrances to demand free and fair elections, as opposed to the globally-ordained installations of national leaders.