Corn Prices Rise 30 Percent So Far This Year – Big Ag Multinationals Happy, Middle Class About to Get Squeezed With Inflation

You’ve likely seen mentions of inflation popping up amid some MSM discussions. Without a doubt you have seen significant price jumps at your local supermarket.

The reason is simple, JoeBama’s economic policies are beneficial to the multinationals, crushing to the domestic U.S. economy and driving massive increases in prices in a variety of sectors.  As a consequence the leftist financial media (almost all financial media) are churning out deflection points, but if you understand the background you can predictably see the cause and effect.

USA Today –  From tortillas to cornbread, some of your favorite corn-based dishes may go up in price late this summer.  Corn has been leading the rally among grain commodities, rising more than 30% in 2021, according to MarketWatch. (more)

NOTE: Wheat, corn and soybeans are the foundation of the U.S. food supply. They are primarily used as ingredients in processed foods, oils, and are fed to the cattle, hogs, and poultry that supply meat and eggs for the American diet.  When those grain harvests go up in price the downstream increase in price is far reaching.

Remember, there is no such thing as a “commodity” market in the free market sense of the word.  Those commodity markets are now “controlled markets“, and fully under the control of massive multinational agricultural corporations.

[…]  “Americans should definitely expect an eventual rise in prices later in the year,” says Moya. “The surge with grain prices should not immediately be visible at supermarkets, since retailers absorb the initial increase. (But) eventually, the margin pressure will be too big and probably at some point late in the summer, Americans will start to take notice to some increases on grocery shelves.” (more)

Many Americans are recently awake to the singular ideology that surrounds DC politics.  The UniParty political fraud also applies to our political economy. However, just like the election, understanding the deception in modern economics means understanding previous false and promoted assumptions.

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Federal Reserve Will Support JoeBama Economic Agenda by Allowing Rapid Inflation, Diminished U.S. Worker Purchasing Power and Pain Upon Middle Class

The federal reserve has announced they will support the economic agenda of the Biden administration by allowing rapid inflation.  The FED is trying to provide cover for JoeBama’s economic plan.  The era when the FED could impact inflation is long past.  However, the Joe Biden policy impact will be clear, immediate and concise.  The U.S. middle-class and blue-collar worker are about to be crushed under rising prices for consumable products.

Increases in inflation hit the working class (Main St) much harder than the investment class (Wall St) and financial elites.  Factually the multinationals benefit from U.S. inflation as it puts pressure on domestic companies to ship their manufacturing overseas.  Wall Street likes that.  This dynamic has been an issue not-discussed by the financial media for decades.   First, the Reuters article (when you see “commodity prices” think about the term “consumables”):

REUTERS – The U.S. Federal Reserve has signaled it will tolerate faster inflation for a time to cement the post-pandemic recovery and boost employment, but the side effect is likely to be a faster rise in commodity prices.

[…]  After its latest meeting on Wednesday, the Federal Open Market Committee confirmed it will seek to achieve the *twin objectives of maximum employment and inflation at the rate of 2% over the longer run.

[*NOTE: in the new era of global economics these two are mutually exclusive.  The FED is intentionally ignoring this point.]

[…] The committee noted price rises have been running persistently below target, so it aims to achieve inflation moderately above 2% for some time to make up the shortfall and anchor expectations at around the 2% level.

[…]  The plan is to run the economy hot to achieve faster job gains, especially among disadvantaged groups that are marginally attached to the labour force, before shifting back to inflation control later in the cycle.

But the resulting pressure on global supply chains while the Fed pursues employment increases is likely to generate significantly quicker price rises for raw materials and a range of manufactured items. (read more)

This perspective is fundamentally false and based on assumptions that are decades old economic arguments.  The reality of what will happen is exactly the opposite on the employment front.

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America First Legal Sues Biden Administration to End Racial Discrimination of Farmers and Ranchers

The counter-group to the leftist Lawfare team, organized by Stephen Miller, is called “America First Legal.”   Today the Miller group filed a lawsuit against the Biden administration for racial discrimination against farmers and ranchers in the COVID relief bill.

WASHINGTON, DC – Today, America First Legal (AFL) filed a lawsuit in the United States District Court for the Northern District of Texas to stop the Biden Administration from administering a program created by Congress in the American Rescue Plan Act of 2021 that discriminates against American citizen farmers and ranchers based upon their race. Specifically, Sections 1005 and 1006 of the American Rescue Plan Act of 2021 provide benefits to farmers and ranchers, but excludes many potential beneficiaries based solely upon their ethnicity or race.

AFL President Stephen Miller issued the following statement:

America First Legal opposes discrimination in all forms. We hold fast to the immortal words of Martin Luther King Jr. that Americans “should not be judged by the color of their skin, but by the content of their character.” These soul-stirring words are now inscribed onto the heart of every American. And they flow directly from the Declaration of Independence’s recognition that all men are created equal. And they are embodied by AFL’s founding charter. MLK’s vision is fundamental to our democracy, in which all citizens are equal both in front of the law and in the eyes of their Creator. For this reason, AFL is filing a lawsuit today against the Biden Administration to prevent it from administering programs created under the American Rescue Plan Act that discriminate against American farmers and ranchers based upon the basis of race. As Chief Justice John Roberts plainly avowed, “[T]he way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” With today’s lawsuit against the Biden Administration, AFL makes clear that it will defend MLK’s vision, our Constitutional order, and the civil rights of all citizens.

The Constitution forbids government action that discriminates based upon race. Yet the Biden Administration’s Department of Agriculture—aided by the new Congress—is actively engaging in outright racial discrimination. While Congress is permitted to provide loan forgiveness and certain additional benefits to farmers and ranchers, Americans of all races and ethnicities must have the opportunity to receive them. (read more)

Trouble Ahead, Inflation Jumps More than Expected – Gasoline Prices Increase 9.1% in One Month, Year Over Year Inflation 2.6%

The Bureau of Labor Statistics highlights some alarming inflation numbers today [Link Here] that are unfortunately, not unexpected…. unless you are a liberally trained economist (most of them) and so the results are surprisingly “unexpected”.    But the actual JoeBama-nomic policy is even worse because wages increased less than inflation increased, so real wages (actual purchasing power) decreased.  That spells trouble, Trouble.

Middle-class wage earners already know this problem; you are seeing it at the gas pumps and at the grocery store.  Fuel prices are rapidly increasing and the amount of inflation in the ‘at home’ food industry (grocery store) is even more concerning.

Let me first walk through the data and then provide some forward analysis with tips to help you offset what is about to hit.

First, it is important to know that BLS price survey data lags actual prices as felt today.  The prices you are seeing today/tommorrow at the store and gas pump will not show up in the rolled-up data for over a month….  So the data released today is unfortunately far behind what you are witnessing in real time.

Gas prices rose last month by 9.1%.  The year-over-year inflation number is an alarming 2.6 percent last month.  Keep in mind that retail grocery prices are not in the inflation number, and they generally follow the same price index as fuel; so it is safe to say monthly grocery store price increases are in the 8 to 10 percent range.

Part of the reason gas and food track together is fuel and energy prices are the #2 cost within the food sector.  With packaging prices increasing; with fuel prices and distribution costs increasing; with energy prices increasing; all costs associated with food production, processing, delivery, warehousing and distribution, all end up in the final price at the grocery store.

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Here We Go – 10 Executive Orders To Federally Weaponize COVID Against Us

One of the bigger issues never fully grasped by many Americans was President Donald Trump’s restraint in relation to the power of the federal government under the guise of COVID-19 action.  No president in our lifetime was ever more reluctant to weaponize the opportunity to expand government; Donald Trump stood the gap.

CTH warned since last summer of the ramifications if a leftist group used COVID-19 to expand federal power over peoples lives and livelihoods.  Today, JoeBama’s team has unleashed a series of TEN EXECUTIVE ORDERS fully weaponizing the opportunity.

(1) Executive order on COVID worker Safety, weaponized Dept of Labor, OSHA.  Literally word-for-word what CTH predicted.   [Predictions HERE and HERE]

(2) Executive order on COVID school safety, weaponized the Dept of Education. Leverages federal funds, grants.  Supports the education labor union effort. Exactly as expected.

(3) Executive order creating COVID-19 Health Equity Task Force.  Weaponizing the HHS takeover; the Secretary of Agriculture, the Secretary of Labor, the Secretary of Housing and Urban Development, the Secretary of Education, the Administrator of the Environmental Protection Agency.  Again, exactly as predicted.

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There are Trillions at Stake – The Big Club and UniParty Opposition to President

There are a lot of masks dropping this week.  There is a great deal of new sunlight upon the professional and institutional republican politicians that hold office.  There is a great deal of information this week highlighting establishment opposition against the presidency of Donald Trump. It is valuable to understand what lies at the heart of this opposition.

CTH can get down in the weeds of each specific issue to discuss the motives and intents (we will, and do), but the big picture MUST remain at the forefront of understanding. If we lose track of the big picture, the weeds are overwhelming.

…“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.”

~ Niccolò Machiavelli

♦POTUS Trump was disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S. He was fighting, almost single-handed, at the threshold of the abyss. Our interests, our position, is zero-sum. His DC opposition seeks to repel and retain the status-quo. They want to return to full economic control over the U.S.

In these economic endeavors President Trump was disrupting decades of financial schemes established to use the U.S. as a host for their endeavors. President Trump was confronting multinational corporations and the global constructs of economic systems that were put in place to the detriment of the host (USA) ie YOU. There are trillions at stake; it is all about the economics; everything else is chaff and countermeasures.

Familiar faces, perhaps faces you previously thought were decent, are now revealing their alignment with larger entities that are our abusers. In an effort to awaken the victim to the cycle of self-destructive codependent behavior, allow me to cue an audio visual example from March 2018 and U.S. Senator John Thune. WATCH:

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The Election Fallacy of the “Intellectual Conservatives” – Beltway Republicans are Decepticons…

For well over a decade CTH has battled the outlook of the intellectual conservatives who pontificate from high-brow perches in/around their beltway interests. Indeed, the fallacy of their outlook is entirely why CTH exists as a gathering place for common sense, actual truth and discovery of political purposes, cutting through the guise of ‘The UniParty’.

That said, this tweet is representative of their current NRO-minded status:

Allow me to retort… from the common sense perspective.

The Biden campaign has not hidden their goals and aspirations. These are not stupid people.  They are scheming, conniving, ever-planning, ever-manipulating & Machiavellian members within the political system, lusting for power, influence and cocktail party affluence.

The Biden “agenda” per se’, has nothing whatsoever to do with a legislative roadmap. Their larger objective is to use the power of the executive to rule over the proles by working around the commonly known “representatives” of government.  If you doubt that approach remind yourself that 2009 Obamacare was opposed by 76% of the electorate.

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MAGAnomics: Manufacturing Orders Jump Highest in 17 Years – 3.4 Percent Higher Than Pre-Pandemic Levels…

The ISM manufacturing survey was released today showing exceptional economic news on the manufacturing front. New orders for manufactured goods jumped to their highest level in 17 years and were 3.4 percent higher than pre-pandemic levels. That data matches our earlier ground reports from across the nation.

The manufacturing sector inventories are low, that means this cycle of replenishment will continue for some time. Orders for customer goods continues to drive expansion, investment and operational increases in productivity.  That customer demand drives the need for increased hiring in manufacturing…. that demand drives wages… and so the middle-class is again on track for a fantastic rebound.  That’s MAGAnomics.

WASHINGTON (Reuters) – U.S. manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in nearly 17 years amid a shift in spending toward goods like motor vehicles and food as the COVID-19 pandemic drags on.

However, the media once again cannot bring themselves to cheer on a stunning economic recovery. Instead take a look at how Reuters frames their narrative:

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Peter Navarro Discusses China and Their Leverage Over Joe Biden…

As most CTH readers are aware Peter Navarro is one person in a small group of of five close advisors on all things related to trade and President Trump’s America First economic policy. [Ross, Lighthizer, Mnuchin, Navarro and Kudlow]

In this episode of American Thought Leaders Jan Jekielek sits down with Peter Navarro, Assistant to President Trump and Director of the Office of Trade and Manufacturing Policy. The primary topic is the U.S-China conflict and by extension the ramification of Joe Biden being compromised by the Chinese Communist Party.

Because Peter Navarro deals with the White House strategy against the Chinese dragon, the national security threat within the Biden compromise is particularly unnerving.

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Joe Biden Promises Forced National Mask Mandate and Regulatory COVID Nightmare When Elected…

Earlier today those behind the Biden campaign dropped all pretense, openly having their candidate state publicly his intention to control the lives of all Americans using the authority of a weaponized federal government to advance national COVID-19 regulations.

As you watch this video from Biden’s campaign today it is important to remember state government officials have already moved to define “essential businesses” and “essential workers” during the forced shut-downs.  That is going to become a bigger issue downstream; however, for now just watch closely what Joe Biden is saying here:

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The Dept of Transportation would be the agency enforcing a national interstate transit mask requirement. However, don’t focus on the DoT part of what he is saying… that’s only one creek… Instead focus on the downstream use of all federal regulatory agencies and how they align within a Federal COVID compliance network… that’s the river.

Think about the Dept of Agriculture, the Dept. of Labor, the Dept of Education, the Occupational Health and Safety Administration (OSHA) and how they would join with the DoT to create the aggregate raging river of regulation.

Here’s what I mean:

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