X22 Report

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Click On Picture To See Larger PictureUS temp help services jobs have seen negative growth for 20 straight months. Layoffs are continuing and its going to accelerate.[CB] world wide is now preparing for the Fed rate cut. Powell signals that the Fed sees inflation improvement. Right on schedule. The [DS] screwed up, they didn't complete their mission. The USSS was not a failure it was an OP conducted by the [DS] players. This was their only chance and they missed. Now the FBI and the [DS] are regrouping to explain what happened, which means they will hide what happened. Did the [DS] just project the next event. Trump will unite the country in the end.

 

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Economy

https://twitter.com/KobeissiLetter/status/1812561297080541512

  streak of declines has only happened during a deep economic downturn. Since March 2022, employment in this sector has plummeted by 515,000 jobs to the current 2.67 million. In June alone, temporary help services jobs dropped by 8%, the most since the 2020 Pandemic. Another sign of a weakening labor market.

https://twitter.com/GRDecter/status/1812903592728121613

 

- OpenText cuts 1,200 roles (2 WEEKS AGO)

- Microsoft lays off hundreds in Azure division (LAST MONTH)

- ByteDance (TikTok) cuts 450 roles (LAST MONTH)

- Fisker files for bankruptcy (LAST MONTH) In 2024, tech companies have laid off over 106,630 employees.

Is this because of AI or the economy?

https://twitter.com/KobeissiLetter/status/1812827706708418891

 monetary policy. Canada and the European Central Bank were the latest to cut interest rates in June. Meanwhile, the market is pricing the first Fed rate cut in September and a total of 2 cuts this year. The world is waiting on US rate cuts.

Powell says Federal Reserve is more confident inflation is slowing to its target

WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point.

“We've had three better readings, and if you average them, that's a pretty good pace," Powell said of inflation in a question-and-answer question at the Economic Club of Washington. Those figures, he said, “do add to confidence” that inflation is slowing sustainably.

Source:  yourvalley.net

https://twitter.com/BitcoinMagazine/status/1812883892149395904

 

Political/Rights

Geopolitical/Police State

War

Cyber Attacks

False Flags

Q

https://twitter.com/kyledcheney/status/1812848096914690190

Smith Was unconstitutionally appointed.

 

Schumer: ‘Misguided’ dismissal of Trump classified docs case ‘must be appealed’

Senate Majority Leader Chuck Schumer (D-N.Y.) called Florida Judge Aileen Cannon’s dismissal of the felony charges accusing former President Trump of mishandling classified documents “breathtakingly misguided” and called for her ruling to be “appealed immediately.”

“This breathtakingly misguided ruling flies in the face of long-accepted practice and repetitive judicial precedence,” Schumer said in a statement issued shortly after the ruling.

“It is wrong in the law and must be appealed immediately. This is further evidence that Judge Cannon cannot handle this case impartially and must be reassigned,” he said.

Source: thehill.com

  placed in charge of enforcing our constitution continues to make up legal practice via fiat, and call it 'well settled'- how many times have you heard this from DOJ,

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The [DS]/[CB] are now preparing to bring down the economy. They are putting everything in place but this will fail in the end. They have shown the people that what they have planned will not work. Germany has now sold all their Bitcoin. The [DS] tried to remove Trump with an attempted assassination. The USSS was in on it and the patsy was allowed to bring a rifle with a ladder near Trump. This was a planed from the beginning. This was the shot heard around the world. Threats/scare tactics have been deployed against Trump, fear not all will be ok after the election.

 

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Economy

Biden’s Tax on Unrealized Gains Would Be Kill Switch for Entrepreneurship

 Among the worst ideas in the Biden administration’s proposed budget is a new annual tax of at least 25% on unrealized gains for Americans with incomes and assets of over $100 million.

Taxing unrealized gains is an entirely new prospect that, if the Biden administration succeeds in doing it, would penalize individuals for owning assets that appreciate, regardless of whether those assets are sold.

Such taxes are rare due to complexities in valuing these assets, liquidity concerns, and overall implementation challenges and risks. When implemented, such taxes lead to an exodus of taxpayers.

For example, when Norway initiated a similar tax in fall 2022, over 30 Norwegian multimillionaires and billionaires left the country, moving to Switzerland. This number eclipsed the total number of multimillionaires and billionaires who abandoned Norway in the prior 13 years.

First, America’s wealthiest fund a significant share of high-risk, high-variance investments in early-stage, startup, and small-cap companies. The proposed tax would require that with every high variation, the investor must pay a tax on it. So the highs get higher and the lows stay lower.

Source: dailysignal.com

https://twitter.com/ArkhamIntel/status/1811831807282958723?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1811831807282958723%7Ctwgr%5Eb0c0037ce4a81210c8ef60e8faba7e8bae9e2d8e%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fcrypto%2Fbitcoin-bottom-signal-german-government-runs-out-btc-sell

Political/Rights

https://twitter.com/JudiciaryGOP/status/1811860993267630427

https://twitter.com/LizCrokin/status/1812416712416866616

Geopolitical/Police State

Exclusive: Meta removes Trump account restrictions ahead of 2024 election

Meta on Friday said it would soon roll back restrictions it placed on former President Donald Trump's Instagram and Facebook accounts.

 

Yes, but: While Meta is doing away with stricter penalties on Trump's account, it maintains its ability to limit the distribution of problematic posts for his or any accounts even if they don't explicitly violate Meta's rules — such as oblique references to QAnon.

Trump's accounts, and those of all politicians and public figures, are still subject to the same general content rules that apply to all users of Meta's apps.

 

Source: axios.com

Q

James Clyburn Says Democrats Have Until August 19th to Remove and Replace Joe Biden Through an Open Convention 

Source: theconservativetreehouse.com

 his performance since that very eventful Debate evening has not exactly been stellar. Yesterday, before his News Conference, he made an unpardonable gaffe, introducing President Zelenskyy as President Putin. Despite all of this,

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Click On Picture To See Larger PictureRetail jobs fell by 9000 in June. Consumer sentiment is declining, Americans are behind on their credit card bills. Interest on the US debt is at an all time high. German dumps Bitcoin, El Salvador purchases Bitcoin, lets see what happens. Biden had his press conference. It was just enough to push the process forward of removing him. The change of batter countdown has begun. The major players will make him the nominee and then remove him. Biden says the delegates can vote for whoever they want, it's not that simple and he knows this. Trump has now trapped the [DS] with the Save Act. No matter which way they go they don't win, pass it they are trapped, they will delay the election.If they don't pass it, the election will be to big to rig.

 

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Economy

Retail Jobs Fell by 9,000 in June

Retail trade employment edged down by 9,000 jobs in June,   Losing sectors included furniture, home furnishings, electronics and appliance retailers, which shed 6,000 jobs over the month, while gainers included warehouse clubs, supercenters and other general merchandise retailers, which gained 5,000 positions.

Source: invisionmag.com 

https://twitter.com/KobeissiLetter/status/1811549308690346495

  steepest drop since the 2020 pandemic. Most recently, consumer sentiment decreased for the 3rd straight month, to its lowest since November 2023. Meanwhile, the US has not had a decline in GDP in nearly 2 years while job gains are making record. The disconnect between data and reality is broadening.

https://twitter.com/unusual_whales/status/1811732740540379155

 

https://twitter.com/KobeissiLetter/status/1811753971205218361

 annual interest costs were ~$450 billion, or 60% lower. As a % of GDP, net interest cost this year is on track to exceed a the 1980s high of 3.2%. By comparison, during World War II, net interest expense as a % of GDP was much lower, at 1.8%. The US government needs lower interest rates more than anyone.

https://twitter.com/BitcoinMagazine/status/1811686401907290332

 

https://twitter.com/BitcoinMagazine/status/1811508713619939719

 

Political/Rights

Radio Station Says Biden Campaign Pressured It Into Editing Biden Interview After He Used The Term ‘Blacks’

A Milwaukee radio station agreed to edit a radio interview with President Joe Biden after he used the term “blacks,” according to a statement from Civic Media, a Wisconsin-based left-wing talk show network.

The station removed two short segments from the interview Biden did with host Earl Ingram that aired on July 4 at the request of the president’s campaign, according to Civic Media’s statement.

“In the interest of transparency, and consistent with Civic Media’s mission and core values, we are sharing the edited segments now, and making the full, unedited interview available,” Civic Media said. “Given the gravity of the current political moment, the stakes in this election, and the importance of public scrutiny of public officials in the highest office, we believe it is important to share this information.”

https://twitter.com/metzgov/status/1811473643626537058?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1811473643626537058%7Ctwgr%5E5d0b7c92ee516b244a0018f3f8b460131cf77ca6%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fdailycaller.com%2F2024%2F07%2F11%2Fbiden-campaign-pressured-radio-station-into-editing-biden-interview-after-he-used-term-blacks%2F

Source: dailycaller.com

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Click On Picture To See Larger PictureThe temps are cooling on earth, so 91 years of global warming has failed. Canada is trying force the older population out of their homes. Costco is raising their membership fee, this is how you know inflation is here. Inflation drops to 3%, right on schedule. Trump will speak at Bitcoin. The [DS] just played their hand, they have no showed everyone that they are traitors to the US. The Save Act passed the House but the Ds voted against it. Traitors everywhere. The [DS] have formed and planned to remove Biden, Trump is using game theory to flush out Obama and it has worked. Biden will stay in the race and become the nominee, then the [DS] will make their move. Trump and the patriots are counting on this.

 

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Economy

https://twitter.com/JunkScience/status/1811200118328303961

https://twitter.com/endwokeness/status/1811170142031868020?s=61&t=BdBkJAWYzheOiIIylkbO1g

 

https://twitter.com/KobeissiLetter/status/1811134427256299947

https://twitter.com/GRDecter/status/1811382242863694250

 cut rates in September?

https://twitter.com/KobeissiLetter/status/1811389524833935655

5.4%

7. Rent Inflation: 5.1%

8. Food Away From Home Inflation: 4.1% Inflation has been at or above 3% for 39 consecutive months now.

While June CPI was a move in the right direction, elevated inflation in key categories makes inflation feel much higher.

We've also now had over 3 years of compounding inflation. Affordability is still getting worse.

https://twitter.com/unusual_whales/status/1811389226644373835

https://twitter.com/StephenMoore/status/1811158521863344606

https://twitter.com/Jeff_Jacoby/status/1811413237981966375

 

https://twitter.com/BitcoinMagazine/status/1811433986914238580

 

Political/Rights

Former Pelosi aide accused of sexual assault by ex-Senate staffer

An ex-Senate staffer has come forward with allegations that she was sexually assaulted by a former aide to onetime House Speaker Nancy Pelosi (D-CA).

A police report obtained by the San Francisco Chronicle details Zahra Hajee’s accusations against Kevin Ortiz.

Hajee, a former aide to San Francisco City Supervisor Rafael Mandelman, has also worked for Sen. Alex Padilla (D-CA). She claims Ortiz sexually assaulted her in March and April 2021.

Ortiz denies the allegations, saying through his lawyers that the encounters were consensual. Ortiz is the co-president of the Latinx Democratic Club and was working for Pelosi when he met Hajee in early 2021. While he continues to serve as president of the political club, Ortiz left the Democratic leader’s office in 2022. In an attempt to verify his claims that the relationship was mutual, the former Pelosi aide provided screenshots of text messages that show Hajee repeatedly requesting to meet up with Ortiz.

Source: washingtonexaminer.com

Luna push to fine Garland $10,000 per day over Biden-Hur tapes fails  

The House rejected a resolution Thursday to hold Attorney General Merrick Garland in “inherent contempt” of Congress and fine him $10,000 each day that he does not turn over audio tapes from President Biden’s interview with special counsel Robert Hur.

Source: thehill.com

https://twitter.com/DC_Draino/status/1811426112192262470

https://twitter.com/RepLuna/status/1811421210678604049

https://twitter.com/EndWokeness/status/1811376219402768602

Geopolitical/Police State

Elon Musk Defeats $500 Million Lawsuit Over Twitter Mass Layoffs

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Click On Picture To See Larger PictureThe economy is looking very similar to 2008, but there is one major difference, it is a lot worse.Construction is laying off, housing is declining. Layoffs are about to pickup. Bezos is dumping Amazon stock. Does he know something. Powell shoots for Sept rate cut. Patriots ready to take control of the economy. The [DS] is slowly building the narrative to remove Biden. [BO] is now positioning himself for the election. The process is slow, you must show the people and the people must demand a change of batter. The [DS] is now placing all the pieces together for WWIII. Trump has countermeasures standing by.

 

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Economy

https://twitter.com/KobeissiLetter/status/1810751968870019094

 Meanwhile, new home sales have officially dropped below pre-pandemic levels for the first time. It would take ~9 months current new inventory to sell if it sold at the current pace without new inventory coming to the market, 2nd longest duration since 2009. Is the housing run coming to an end?

https://twitter.com/KobeissiLetter/status/1811013184402108877

month, the largest increase since September 2023. Meanwhile, 1.858 million Americans are now receiving jobless benefits, the most since 2021. The US labor market is weaker than it seems.

Illinois Is A Drag On US Economy, Continues To Be A 'Taker' From Federal Govt; New Report Shows

 

A new report says Illinois, with the fifth largest state economy in the nation, is helping pull the country down.

It should come as no surprise, therefore, that other new reports continue to show that Illinois is a “net taker” in terms of its balance of payments with the federal government. Five years ago, Illinois gave up its long-held claim that it sends the federal government more than it gets in return, and that “net taker” status continues today.

The results are damning for Illinois by all four measures, with the state ranking from 45th to 47th on each among the states:

Real GDP: Since the fourth quarter of 2019, the United States has grown 8.6% post-COVID-19, but Illinois’ economy has grown only 2.8%, ranking 46th among the states.

Total nonfarm payroll: The U.S. and Illinois both lost jobs during the first two months of the pandemic. But since then, U.S. payrolls grew by 4.1%. Illinois, however, has barely surpassed its pre-COVID-19 level, with only 0.2% growth. That ranks Illinois 45th in the nation.

Unemployment rate: From March 2020 through May 2024, the U.S average unemployment rate was 5.1% but Illinois was 6.0%, ranking Illinois 45th in the nation. Illinois has consistently been about 0.8% to 0.9% above the U.S. average for the last decade. Currently, Illinois’ unemployment rate was 4.9% in May, which is 0.9% higher than the U.S. average of 4.0

 Personal Income: Illinois was one of the slowest-growing states regarding total income growth since the outbreak of COVID-19. Since the fourth quarter of 2019, Illinois’ total income grew by 22.0%, significantly below the U.S. increase of 27.2%, ranking 46th over this period.

Notably, Illinois did much worse than all of its neighboring states by each of those measures for those periods.

The only exception is that Wisconsin was 47th worst on GDP growth while Illinois was 46th. Full state-by-state comparisons are in the charts in the COGFA report.

source: zerohedge.com

https://twitter.com/Barchart/status/1810777940642185351

https://twitter.com/GRDecter/status/1811029498806120920

This could push stocks to new highs. Hold on to your hats, kids!

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Click On Picture To See Larger PictureThe climate agenda has failed, the narrative has completely fallen apart and nobody is believing the lies. Companies are laying off, the job numbers don't make sense, jobs are given to illegals. Countries are following in the footsteps of El Salvador, Fed continues with rate cut narrative. The [DS] is going to let Biden be the nominee. Biden is looking for a payoff to drop out. The question is will the [DS] pay him off to drop out. Trump mentions the 25th Amendment. Biden receives a coded message from Warner. Trump warns the [DS]. Do not cheat in the next election. If you do, we know who you are and will prosecute. Trump just gave them a chance, they are criminals and criminals will continue to commit crimes.

 

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Economy

https://twitter.com/EndWokeness/status/1810656994346287120

Dyson is laying off about 1,000 workers amid 'fierce and competitive global markets'

 

Dyson is cutting about 1,000 jobs in the UK in a move that may affect about a quarter of its workforce.The British appliance maker, which is now headquartered in Singapore, told staff about the layoffs on Tuesday.The cuts are part of a wider reduction to its global workforce of more than 15,000 people, The Financial Times reported citing unnamed sources.

Source: businessinsider.com

https://twitter.com/KobeissiLetter/status/1810659282913763755

  67,000 and 54,000, respectively, or a total of 111,000 jobs. In the first 5 months of 2024, non-farm payrolls have been revised down by a combined 240,000 jobs. Is the initial headline number even worth following anymore?

https://twitter.com/KobeissiLetter/status/1810355726998544754

  consecutive quarter of GDP growth below 2.0% after Q1 2024 GDP of 1.4%. Is the US economy slowing? 

https://twitter.com/KobeissiLetter/status/1810408887427981690

  most since July 2022. Overall, India’s gold reserves have risen by 37 tonnes this year, or by 5%, reaching 841 tonnes. Are global central banks slowing down their gold purchases?

https://twitter.com/BitcoinMagazine/status/1810660731018424431

https://twitter.com/BitcoinMagazine/status/1810717924241658006

 

Federal Reserve's Powell says "more good data" could open door to interest rate cuts 

Federal Reserve Chair Jerome Powell said  that "more good data" could open the door to interest rate cuts, citing recent reports that show that the labor market and inflation are continuing to cool.

The central bank left its benchmark interest rate unchanged at its June meeting, and penciled in only one rate cut in 2024 versus its previous forecast of three cuts this year,

 Powell stressed that the central bank wants to see further progress in bringing the annual inflation rate to about 2% before cutting rates,

Source: cbsnews.com 

Fed Chair Powell says holding rates high for too long could jeopardize economic growth

Federal Reserve Chair Jerome Powell   expressed concern that holding interest rates too high for too long could jeopardize economic growth.

“Reducing policy restraint too late or too little could unduly weaken economic activity and employment,” Powell said in remarks for appearances this week on Capitol Hill.

 

Source: cnbcafrica.com

Political/Rights

Claudia Tenney calls for DOJ investigation of Hunter Biden laptop signers for election interference

Conservative New York Rep. Claudia Tenney announced Monday that she was sending a letter to the Justice Department that requests an investig...

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The net-zero agenda would destroy America. The products that we use today revolves around fossil fuels. We have now surpassed housing affordability compared to 2008. The [CB] follows the same pattern, increase rates, cause the economy to tip over the edge, bring rates down, recession. The [DS] is now trying everything to cheat in the elections. The Biden admin rejected the Save Act, because they don't want to check to see who broke the law. Traitors are now forced out into the light. The 25th amendment will most likely be used on Biden either by him withdrawing or by force, the countdown has begun. Did Trump just signal that he is the real commander-in-chief?

 

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Economy

Americans can’t afford Biden net-zero agenda 

Biden has issued executive orders targeting future domestic oil and natural gas supplies, which will make chemicals more expensive to produce and purchase. His agents at the Securities and Exchange Commission have proposed ESG reports to track carbon emissions from the farmer’s field to the family dinner table. And that’s just the start.

This misguided ideological climate agenda is designed to make fertilizers, tractors, trucks, heating and drying equipment, electricity, oil, gas, transportation, freezers, and food more expensive. The higher price tag for each stage of food production, from field to fork, is a feature, not a bug of the Biden economy. It is part and parcel of the Left’s concerted effort to make carbon energy more expensive and reduce consumption.

Europe’s electric companies foisted their higher energy costs on consumers, and residential and industrial power prices promptly rose 131% and 59%, respectively, between January 2021 and January 2022. Germany’s manufacturing and chemical industries were tagged with escalating cap-and-trade prices and taxes designed to curb emissions. They responded by spending hundreds of billions of dollars to leave Europe’s grid.

To better appreciate the costs American farms and households should soon expect, the Buckeye Institute modeled the anticipated expenses for the “social cost of carbon emissions” on a typical corn farm. Unsurprisingly, diesel fuel for trucks, tractors, and combines will be more expensive. The propane for powering grain dryers, heating barns, and commonly used nitrogen fertilizers will all cost more, too.

Once adopted, the Biden administration’s climate-control carbon pricing scheme will raise operating costs for farmers by at least $65,000 per year — a 34% spike.

But these price increases are not just the carnivore’s dilemma. Bananas will cost an extra 59%, strawberries will cost another 47%, and rice may soon cost everyone 56% more than it does today.

P

Source: washingtonexaminer.com

https://twitter.com/KobeissiLetter/status/1810298337704255776

 HALF of their annual income on mortgage payments. Even renting a home now costs over 30% of the median household income in the US. The last time housing affordability was this bad, interest rates were nearly 20%. Simply having a place to live is becoming a luxury.

Federal Reserve’s policy predicts when next recession will start

In an analysis shared by Global Markets Investor through an X post on July 7, the correlation between Federal Reserve rate hikes and the onset of recessions is highlighted as worth monitoring.

The platform noted that as the US approaches 12 months since the last Federal Reserve rate hike in July 2023,

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Click On Picture To See Larger PictureThe [CB]/Biden admin are manipulating the economic numbers so much that they are no longer making sense. It is now obvious to most people that the economy is on trouble. People are now skipping meals to make ends meet. BRICS prepare to move away from the Federal Reserve Note. Globalism is dead. The patriots are about to expose the traitors in this country. The D's are now instructed to inform their base that Biden is out, change of batter around the corner.Trump and Johnson released a bill saying that anyone who votes in this country must be a US citizen. Those who do not vote for this are traitors to this country. The C_A is to corrupt to clean, it must be dismantled, this is the closing act.

 

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Economy

How Did 250,000 Jobs Suddenly Vanish This Year? 

Did the economy create 206,000 jobs last month? That’s what the Bureau of Labor Statistics reported on Friday. But don’t believe it. Under President Joe Biden, the BLS has been consistently inflating monthly job growth numbers.

It makes great public relations, because the press reports only on the initial estimate, and rarely follows up on the subsequent downgrades. But it does help explain why nobody believes Biden’s – and the mainstream media’s – propaganda about how great the labor market is doing.

Last month, for example, BLS said that the economy created 272,000 jobs, which the media branded as “whopping,” “robust,” “vigorous,” and a “blowout.” Economists had expected 190,000 new jobs in May.

But on Friday, the Bureau of Labor Statistics admitted that it had overestimated job gains in May by 20%, with the new figure just barely above economists’ expectations. The change barely got a mention in the press.

Likewise, April’s job gain, which the BLS initially claimed was 175,000, is now just 108,000. That’s a 38% downgrade.

January’s 353,000 new jobs – which reportedly “blew economists’ expectations out of the water” – was almost 100,000 jobs too high. February’s initial estimate has since been cut by almost 40,000. (See the chart below.)

Source: Bureau of Labor Statistics I&I Chart

As a result, a quarter million “new” jobs have vanished into thin air so far this year.

This isn’t a new phenomenon. Last year and the year before, the BLS repeatedly announced downward revisions in the number of jobs created.

Why? One big reason is the statistical models the BLS uses to fill in gaps in its survey of businesses have been misfiring. Here’s how Bloomberg explains it:

A chunk of the potential overestimation of payrolls stems from adjustments the agency makes to the monthly employment report to account for the net amount of businesses opening and going under, Wong and Knapp say. Because the BLS only surveys existing establishments, it uses a so-called birth-death model to estimate those flows.

Source:issuesinsight.com

Bidenomics: 27% of Americans Say They Skip Meals Due to Rising Cost of Food  

27% of Americans say they skip meals due to the rising cost of food.

39% say they skip meals to make house payments.

Unusual Whales reported:

39% of Americans say they’ve skipped meals to make housing payments, per Clever Real Estate survey.

And among millennials, that figure rose to 44%. Among Baby Boomers, it was 20%.

Source: thegatewaypundit.com

https://twitter.com/WallStreetSilv/status/1809659995652518372

BRICS to launch independent financial system – Moscow

Countries of the BRICS economic bloc are currently working on the launch of a financial system that woul...

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Click On Picture To See Larger PictureThe [CB]/[WEF] have been gas lighting the people for years. They want the people to sacrifice everything and they will keep everything. The unemployment number are so manipulated that they are no longer making sense.The Sahm rule was just triggered, we are in a recession. Mt Gox releases Bitcoin, Bitcoin drops. Fed in holding pattern until Sep. [BO] has begun the push to remove Biden, he will pressure him to step down on his own. The fake news has been instructed by [BO] to show Biden in the worst light. Think about what is happening, the fake news is now attacking Biden, Biden will start calling it fake news. More people will be pushed away. Most likely when Biden doesn't step down, he will be removed. [KH] will step in and pretend she is running, will pick a VP, [HRC]. [KH] will be replaced with [MO]. This will all fail. DHS simulates war games. [BO] is being flushed out.

 

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Economy

https://twitter.com/EndWokeness/status/1809209497543406029

 The revised number gets a footnote. That's why this keeps happening.

https://twitter.com/KobeissiLetter/status/1809209723180249327

  part-time employment rose by +286,000 workers in May. All while the unemployment rate is now up from 3.4% to 4.1% in just over a year. The reality is that a RECORD number of people are working multiple jobs to "fight" inflation. How is this a "strong" economy?

June Jobless Rate Triggers Sahm Rule: Recession

In this morning’s US Bureau of Labor Statistics data release, the U-3 unemployment rate increased 4.1 percent in June 2024, rising by one-tenth of a percentage point above the forecast rate. 

This uptick triggers the Sahm Rule, a real-time recession indicator, suggesting that the US economy is in, or is nearing, a recession. The Sahm Rule, developed by former Fed economist Claudia Sahm, is designed to identify the start of a recession using changes in the total unemployment rate.

According to the rule, a recession is underway if the three-month moving average of the national unemployment rate rises by 0.50 percentage points or more, relative to its low during the previous 12 months. With the June 2024 U-3 rate of 4.1 percent, the average of the last three months being 4.0 and the lowest 12-month rate of 3.5 percent in July 2023, this criterion has been met.

Sahm Rule indications (1960 – 2024)

 

While more data will be required to confirm the Sahm Rule indication, the impact of accelerating prices, interest rates at their highest levels since 2007, and commercially suppressive pandemic policies have probably caught up with US producers and consumers.

Source: zerohedge.com

Joe Biden Threatens to Send Out Attorneys General to Go After Grocers in Plan to Combat His Food Inflation Crisis

Grocery prices are soaring thanks to Joe Biden’s tax-and-spend policies.

The US economy is in bad shape because of Joe Biden’s war on domestic oil and the ‘Green New Deal’ disguised as the ‘Inflation Reduction Act.’

Moody’s Investors Service recently cut the US’s outlook to negative.

Moody’s lowered its ratings outlook on the US government citing high interest rates, government spending, and deficits.

Inflation is still high, grocery prices are up more than 19%, gas prices are still high and more than 15 million illegal aliens have poured over the border since Biden was installed in January 2021.

Most Americans are struggling to put food on the table thanks to Joe Biden.

Joe Biden is now threatening to jail grocers to combat his in...

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Click On Picture To See Larger PictureBiden says the quiet part out loud, they have expanded energy shortages. ADP job numbers are below expectations. Manufactures tricking customers. [DS] ready to manipulate Bitcoin before the election. The [DS] is now leaking all information so people understand that Biden needs to be removed. They are now playing up the battle, the fake news has been instructed to go after Biden in full force so the people in their party understand he needs to be removed. At the same time they are propping up [KH] to be the candidate after Biden is nominated. Then they will do the change of batter. Trump begins the narrative, they spied on my campaign.

 

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Economy

Biden Says the Quiet Part Out Loud, Claims He’s Investing Billions to “Expand Energy Shortages” (VIDEO) 

Biden announced a “White House summer on extreme heat.”

“Later this summer my administration will convene the first-ever White House summer on extreme heat bringing together state, local, tribal and territorial leaders and international partners who are protecting communities and workers from extreme weather,” Biden said.

 

Biden slipped and said the quiet part out loud.

“We’ve invested billions to enhance our power grid. Expand energy shortages so that lights, air conditioning, refrigeration, and internet stay on during heat waves and other climate change…” Biden said.

Biden is right. The Green New Deal he signed dubbed, “The Inflation Reduction Act” will expand energy shortages.

Source: thegatewaypundit.com

ADP Payrolls Disappoint In June - 3rd Straight Monthly Decline In Additions 

ADP reported 150k job additions in June (well below the 165k expected) - the third straight monthly decline in job additions and the weakest since January...

Source: Bloomberg

Even ADP's top economist couldn't spin it...

"Job growth has been solid, but not broad-based. Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month," said Nela Richardson Chief Economist, ADP.

.

Source: zerohedge.com

Major Brands Push 'Upflation' Gimmick To Drive Up Sales  

US consumers have been well aware of the 'shrinkflation' phenomenon in recent years, but now there's a new emerging trend: Some of the world's largest packaged goods makers are getting very creative by rebranding existing products for expanding uses, then marked up substantially, and marketed in a way to trick consumers about some new blockbuster innovation. This is happening at a time when consumers are pulling back spending, and the goal of the new sales tactic is to drive more revenue with less.

Bloomberg's Leslie Patton and Deena Shanker penned a note explaining how packaged goods giants are quickly adopting a new strategy after years of 'shrinkflation' - called 'upflation' - an attempt to create new applications with existing products.

Source: Bloomberg

Source: Bloomberg

 

Source: zerohedge.com

3 In 4 Americans Say They're Not Financially Secure, New Report Shows

According to a new Bankrate report, three in four Americans say they are not financially secure, and feel they need to make more money to attain an acceptable level of financial security.

In the study by YouGov, Americans said they needed to make $186,000 on average to feel financially secure - more than twice the $79,209 the Census Bureau reported the average full-time worker made in 2022.

Source: zerohedge.com