Posted on 05/01/2022 7:39:51 AM PDT by Browns Ultra Fan
President Biden (or whoever is pulling his strings) is inflicting a “Medusa Touch” on the US. That is, everything his administration touches turns to stone.
Yesterday, I walked through the rise in energy and food prices under Biden, and it is horrific. The only “disinformation” was generated by the Biden Administration itself claiming that soaring inflation is due to Russia’s invasion of Ukraine. I demonstrated that inflation began with Biden’s anti-fossil fuel executive orders and the Russia invasion only made things worse.
Let’s look at average hourly earnings. Thanks to “progressive” energy policies from Biden, REAL average hourly earnings growth has crashed and burned.
But here is the chart that the Biden Administration touts showing average hourly earnings growth at 5.6% YoY (although I doubt if Jen Psaki would leave out the massive distortion caused by The Federal Reserve’s “Let’s go crazy!” monetary policy.
Another Medusa Touch moment is the reverse repo market. When I wrote about reverse repos before, several people wrote me saying “You don’t understand. This is a temporary problem and will vanish shortly.” However, The Fed’s reverse repo facility has now climbed to an all-time high.
Now look at lithium prices, a key element for electric car batteries. Making the switch from Internal combustion engines to electric motors far more costly.
The list goes on and on.
Suffice it to say, everything the Biden Administration touches turns to stone.
But I wager that the Biden Administration wishes that Hunter Biden’s laptop would turn to stone.
Say, here is an idea for the logo for the new Department of Homeland Insecurity’s Ministry of Truth (Disinformation Governance Board). “Ministry of Abusing the United States (MAUS) Citizens.”
(Excerpt) Read more at confoundedinterest.net ...
Full fascist will be when, prior to the election, the regime gets around to “fixing” the Supreme Court.
/s
-A reverse repo is a short-term agreement to purchase securities in order to sell them back at a slightly higher price.
-Repos and reverse repos are used for short-term borrowing and lending, often overnight.
-Central banks use reverse repos to add money to the money supply via open market operations.
I am expecting some sort of “Election security” move to ensure “Fair and honest” elections so that no Republican can be elected. YOu know: because of the insurrection and all.
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