Author: TCA

Where is the economy?

Posted on by TCA

July’s inflation print was much better than anticipated. Markets and risk assets rallied. The only real negative this week has been the first time unemployment claims are up. What does all of this mean? Have we hit bottom and about to head up? Or, are we still heading into a recession?

To me, the key will be the inflation watch. If prices cool for consumers will the Fed cease rate increases thinking they won the inflation battle? If the Fed ceases increases, will the buyers come back into the real estate market or will the air in real estate continue coming out of the market?

So many questions and no real answers.

Is the Recession Here?

Posted on by TCA

ZeroHedge reported the following yesterday:

Bloomberg reported the AT&T’s CEO John Stankey said that customers are starting to put off paying their phone bills – which resulted in the wireless carrier cutting this year’s forecast for free cash flow by $2 billion.

With food, gas and utility inflation already hitting consumers’ pocketbooks, it is no wonder they are starting to see a slow down in cash flowing to “nice to haves” versus must haves. I realize there is a significant number of people who believe their cell phones are a must have and many have built businesses around them, but an overwhelming number really don’t need it especially the children.

If you think back to the June labor report, the job growth was from people taking second jobs, not from the addition of new jobs into the market. If memory serves me right, there was actually a reduction in the labor participation rate. This is not looking good.

The Coming Recession: Is it the Big One?

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While many conservatives like myself have been screaming about the federal government’s growth, spending and deficits, the outcome associated with these problems haven’t necessarily manifested themselves in a significant way. Well, that might all be changing.

As we look forward, we see inflation hitting heights not seen since the 1970s/1980s, and we see some of the world pushing back on the US Dollar hegemony. As the demand for dollars around the world slow with no contraction of the supply of dollars, you can expect the USD’s value to decline. This makes everything more expensive given we no longer manufacture things in the U.S. With the prices of goods costing more and more, you would expect demand to go down. When the demand for your currency goes down, the value of your currency goes down. Reduced demand for goods will lead to layoffs (i.e. higher unemployment). All of this means stagflation.

All of this pricing pressure will likely push the Fed to increase rates in order to stimulate demand for USD and stabilize prices. However, this will mean less and less is available for the bailouts and benefits that governments spread during such times which means a more disgruntled population and possibility of civil unrest.

Once this starts, I think it will unfold pretty quickly. The government required shutdowns due to COVID have us in a very precarious position. Will it all come crashing down? Don’t know. However, you need to prepare for some hard times ahead if I’m reading the tea leaves correctly.

The Return of the Supreme Court and Legislative Accountability

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Despite all of the media meltdown and howling by Democrat politicians, the Supreme Court’s decisions this week did not set policy on any of the underlying issues. What it did was to force the legislatures to do the hard work that making laws requires. They can no longer rely on the permanent bureaucracy that has grown at all levels of government to do their bidding while simultaneously having no responsibility to the citizens for the erosion of personal freedom caused by the permanent bureaucracy. With no accountability and no way for an incoming administration to get rid of these bureaucrats, this fourth branch of government could continue the progressives march through the institutions regardless of the outcomes of elections.

Well, no more. In West Virginia vs. the EPS, the Court basically said to the lawmakers that you must specify the powers you are giving the administrative agency. No longer will we allow the agency to determine what congress meant to delegate.

All I can say is, it is about damn time!

Dinesh’s 2000 Mules

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Was the 2020 presidential election stolen? That is the question many have asked over the past year and a half as we have seen people cancelled, prosecuted, banned off of social media, sued, etc. all for wanting to get to the bottom of it all.

Does Dinesh D’Souza’s movie 2000 Mules provide answers?

No, but it does present compelling evidence of what appears to be illegal activity associated with the 2020 presidential election. You can now put in context why the Democrat’s chant was “make every vote count.” The movie focused on certain jurisdictions where the vote was close and could sway a state.

My take after watching the movie is that a lot of votes were made illegal by the use of the mules and the non-profit locations that took custody of the ballots from the voters. Perhaps the people were entitled to vote legally, but there is also a possibility these votes were not made by the voter but instead by someone else. The movie makes it clear that the outcome of the election would have been different if those tactics were not employed or if those votes were deemed illegal due to existing laws. We likely will never really find out given the DoJ and FBI are no longer law enforcement organizations but Democrat political ones with no interest in finding the truth.

Given all of the jeers and yelling coming from the left occupying our government and media when you even bring this up, you should feel like you’re over a target. It is said that sunshine is the best disinfectant, and with the leftists in media and government throwing shade over this, makes me think there is something there.

I encourage everyone to watch the movie yourself. You can obtain a copy at https://www.amazon.com/2000-Mules-Documentary-Dinesh-DSouza/dp/B09YPJQLHZ.

2020 Election: Rigged or Not?

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Mentioning issues surrounding the 2020 election will get you banned/blocked/suspended off of the major social media apps. To understand whether the election was rigged/influenced/manipulated, all you need to do is refer back to a February 2021 Times article. H/T to Dan O’Donnell.

His article This Insane 2020 Time Magazine Article Explains Exactly Why The Left Fears Losing Twitter lays out the analysis. It is always great to use the left language and its sites to prove what they say isn’t true. Always remember, actions speak louder than words.

Washington, D.C. – The world’s corruption capitol

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Let’s not forget the past: Then: Florida couple say they recorded Gingrich’s call.

Or, more recently:  Unreal: Chuck Schumer Says Intelligence Community May “Get Back At” Trump For Tweet.“Appearing on ‘The Rachel Maddow Show,’ Schumer said, ‘Let me tell you, you take on the intelligence community, they have six ways from Sunday to get back at you. So, even for a practical, supposedly hard-nosed businessman, he is being really dumb to do this.’”

Now, the New York Times reporters Alexander Burns and Jonathan Martin leaked a recording allegedly of House Minority Leader Kevin McCarthy (R-CA) telling Rep. Liz Cheney (R-WY) that he would recommend to then-President Donald Trump that he should resign.

Is our government nothing more than bureaucratic hacks that do nothing but spy on Republicans? It certainly seems that way, and it has been going on for decades.

H/T Instapundit and American Thinker

The Coming Resurgence of Self-Reliance

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With the world going to hell as the U.S. and Russia fight their proxy war in Ukraine, one thing is becoming more and more apparent: governments have been selling their citizens down the river for personal gain for decades. We have learned that Ukraine has been a pool of corruption from which the elites have drawn from to enrich themselves while selling the rest of us down the river. Democrats and Republicans both receive money from these corrupt countries so the foreigners can access the trillions spent by the U.S. government.

One thing has happened though: they are no longer hiding their desires and intentions. They have amassed enough wealth to ride out the inflationary cycle while throwing pittance at their citizens so they can get by. More and more you can see them at conferences and on hot mikes taking about the coming reset in which they will control everything we do.

We may be witness the awakening of the citizenry that those in government only look after themselves. upon their awakening, you can expect major changes in how people vote and use their money. As the great awakening happens, you will see the takers from both parties in the U.S. attempt to regain control and assert once again they are for the little guy all the while continuing the destructive policies that have hurt the little guy.

With the understanding and realization that ”Santa Claus”, aka the government, doesn’t have their best interest at heart, they will discover the old U.S. value that underpins the constitutional framework: self-reliance. With that great discovery, they will be freed from today’s slave owners and simultaneously destroy the chains of today, i.e. government programs.

They Need a War

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Is it really surprising that the world’s largest economies are on the brink of war?

Some might say yes, but I think history shows us that the ”elites” and political class use wars as a means to an end every time their power, prestige and wealth are at risk.

Today, the elites, globalist and Democrats (ahh, but I repeat myself) power has come under attack. They over played their hand during their COVID crisis and tried to remove the guardrails against fascism permanently establishing them as leaders of the new world order. From locking down the free people of the world to forcing them to wear masks and get unproven vaccines, these individuals used the tactics of the communist to force compliance to their ways. They brought forward CRT, BLM, etc., that they have filled the minds of our children in kindergarten through university for the last thirty years with this rot that reduces critical thinking skills, promotes censorship, and segregation.

You have seen mass protests against this accumulation of power between Big Tech, government and the press.The most recent example was the freedom convoy in Canada and Trudeau’s response. Even the supporters of this alliance were shocked as it really demonstrated what was occurring and shined a light on it for many to see. This has lead to pushback and a threatening of their power. So, what is their next step? War!

History shows us that politicians in trouble benefit from going to war as it brings together the groups segregated by their policies together, albeit for a brief period.

Who is/are they?

In the U.S., they are both Democrats and Republicans. Liberals and conservatives. Most of them come from the Ivy league and have become accustomed to believing they are they smartest and can do no wrong. They are the leaders of big business as well as people at all levels of government. They have weaponized our government and legal system to stem any pushback. They encourage violence and the destruction of anyone or institution attempting to thwart their power.

With their power at risk, what do they do? They go to war.

How do you combat or prepare for this?

As Gerald Celente warns in a piece on Zero Hedge:

“I am saying to everyone listening, we are at the crucial point where one day, they are going to say a bomb, hacking or whatever, and to save your lives and to save your money, we are closing down the banking system.  You won’t be able to get your money out, and maybe when you do, they will devalue it.  They did it before and they will do it again.  

This time, it will be much worse.  My plan centers around the three G’s:  guns, gold and a getaway plan.”