The Corporate-Government alliances now ruling three major global factions in the world continued to chalk up power Monday.
As we reported to our Peoplenomics.com subscribers, part of what’s going on is China has it out for Donald Trump. The reason is simply that China had a plan to subsume America and Donald Trump stirred things up too much. All dates from the dinner with president Xi in 2017 when Trump told Xi over dessert that he’d just let fly some cruise missiles in the Middle East – during their state dinner.
You don’t upset China’s plans for domination – and many of their top 30 leadership are engineers – and one of our key sources says the attack on Trump is being well-orchestrated by offshore interests trying to get China dominance back on track.
The Biden administration has been kowtowing to China in ways that seem to verge on treason. American energy going to China, for example. Oil: U.S. Crude Back at $90 on China Buying; CPI Worries Restrain Rally is just one example.
The Outrageous Raid on Trump
You need only be “in China’s corner” as the Biden crime syndicate is to be afforded immunity from prosecution. This is why Hunter Biden hasn’t been investigated in a public way.
On the other hand, the FBI’s unprecedented raid on Mar-a-Lago – Trumps Florida compound – led to coverage like Dan Bongino erupts over FBI raid of Trump’s Mar-a-Lago: ‘Third-world bullshit.”
Meantime, democrat party shills are laying it on Trump as hard and heavy as they can. Especially because China wants it so. Trump disqualified from holding office? Clinton lawyer Marc Elias raises prospect after FBI raid. You may remember that as we remember it, Elias was a key lie-seller – promoting the fictional Russia collusion story during the Hildebeast’s law-firm based deceptions and deceit. Or not.
Bottom Line: China hates Donald Trump. He screwed up their world domination plans. Now, through left-leaning stooges, China is going after Trump to ensure he’s not around in 2024.
Dems are running with the plausible deniability angle: FBI search at Trump’s Mar-a-Lago home tied to classified material, sources say. While the republican response is captured in McCarthy threatens to probe Garland after Trump FBI raid.
Even worse than all this? Bernard Kerik Says Dems Next Step for Trump ‘Assassination’.
Again, we remind you that we’ve been hearing “something big” around August 17th for a long while now. We have no specific knowledge, but the “date is interesting” in big data space.
August 16, 17, and 19 may – or may not – bring life changing events. But, when you’ve been reading the news as long as someone around here, you look at holes (valleys) and hills (mountains) in data as places where Big Change could fit.
Productivity Train Wreck
Just out from the Labor dept:
“Nonfarm business sector labor productivity decreased 4.6 percent in the second quarter of 2022, the U.S. Bureau of Labor Statistics reported today, as output decreased 2.1 percent and hours worked increased 2.6 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.)
From the same quarter a year ago, nonfarm business sector labor productivity decreased 2.5 percent, reflecting a 1.5-percent increase in output and a 4.1-percent increase in hours worked. The 2.5-percent
decline in labor productivity from the same quarter a year ago is the largest decline in this series, which begins in the first quarter of 1948.
Unit labor costs in the nonfarm business sector increased 10.8 percent in the second quarter of 2022, reflecting a 5.7-percent increase in hourly compensation and a 4.6-percent decrease in productivity. Unit
labor costs increased 9.5 percent over the last four quarters. (See tables A1 and 2.) This is the largest four-quarter increase in this measure since a 10.6-percent increase in the first quarter of 1982. BLS calculates unit labor costs as the ratio of hourly compensation to labor productivity. Increases in hourly compensation tend to increase unit labor costs and increases in productivity tend to reduce them.”
We’d like to congratulate the Biden administration for creating a Soviet-style economy with their control of everything in Washington. Way to go, Brandon!
More Tough Economics
Government inflation data (such as it is) comes tomorrow morning about this time. No, we don’t think it even comes close to the basic six-packer’s family experiences. Seriously? Then to have the Fed fixated on prices less food and energy – well, quickly the layers of absurdity of Modern Life pile up, don’t they?
This morning, a taste of real people in the National Federation of Independent Business data just out. Take a look:
Fewer Owners Raised and Planning to Raise Prices
WASHINGTON, D.C. (Aug. 9, 2022) – NFIB’s Small Business Optimism Index rose 0.4 points in July to 89.9, however, it is the sixth consecutive month below the 48-year average of 98. Thirty-seven percent of small business owners reported that inflation was their single most important problem in operating their business, an increase of three points from June and the highest level since the fourth quarter of 1979.
“The uncertainty in the small business sector is climbing again as owners continue to manage historic inflation, labor shortages, and supply chain disruptions,” said Bill Dunkelberg, NFIB Chief Economist. “As we move into the second half of 2022, owners will continue to manage their businesses into a very uncertain future.”
The most eye-opening stuff is found in the details:
- Owners expecting better business conditions over the next six months increased nine points from June’s record low level to a net-negative 52%.
- Expectations for better business conditions have deteriorated every month from January to June of this year.
- Forty-nine percent of owners reported job openings they could not fill in the current period, down one point from June but historically very high.
Seasonally adjusted, a net 37% plan price hikes, down 12 points.
- The net percent of owners raising average selling prices decreased seven points to a net 56% (seasonally adjusted). The decline is significant but the net percent still raising prices is inflationary.
- The net percent of owners who expect real sales to be higher decreased one point from June to a net negative 29%.
- The Uncertainty Index increased 12 points from last month to 67.
Damn interesting report.
Fillers and Thrillers
Some morning’s I thumb through the NY Post headlines and all is revealed:
Cop Defunding hits the wall: More people are figuring that Defund the Cops is a move by anti-America corporate communist countries after all. Upstate NY residents say bail reform fuels crime there, too. Corporate lefties like George Soros keep loading up the courts with Marxists.
Passings: Olivia Newton-John sold off real estate after stage 4 cancer diagnosis. Dead at 73 now.
Urban decline shocker: Rhode Island ferry brawl leaves multiple people injured.
In our worst EMP nightmares, a bunch of Tehran mullahs launch an EMP optimized weapon into space. Oh look! Russia Launches Iranian Satellite Amid Ukraine War Concerns. Now it’s a “day mare.”
Chinese media are reporting harder exercises around Taiwan. PLA extends ‘Taiwan encirclement’ exercises with anti-submarine warfare, showcases unrivaled area denial capability; ‘drills will not stop until reunification’. Could this be an August 17 surprise?
Taking out another radical leader in AFG. Pakistani Taliban leader killed in Afghanistan, sources say. We’re not there anymore, right?
Check the Crypto con: Crypto mixing service Tornado Cash blacklisted by Treasury Department. And speaking of Iran as we just were: “Iran Places First Crypto-Funded Import Order, Worth $10M: Report.”
Looks like the Dow and S&P will have a quick down flush at the open. Those productivity numbers are really bad – especially when you look at costs. Gads. Down day possible, but a turn is called for in some charts around mid-session. We shall see. Buy the rumor sell the news? I think tomorrow’s consumer prices could come in better than expected mainly on lower gas prices.
Triple A had gasoline down to $4.033 this morning, so the cheaper on Tuesday adage may hold.
Mornings like this, a few extra pancakes may be in order.
Write when you get rich,