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Economy

Trump Reveals in NY Mag Interview: “I’ve already made that decision,” about 2024 Presidential Bid

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In a recent NY Mag interview, released earlier today, President Donald Trump partially revealed his plans for 2024. The important bits of that interview is presented below.

Related New 40-Year Record High Inflation, 9.1%—The Real Number is Much Worse

Before reviewing Trump’s comments about his 2024 run, it’s prudent to frame who did this interview.

The NY Mag is owned by Vox Media, which received an equity investment from NBCUniversal, which is owned by Comcast Corporation, which The Vanguard Group and BlackRock Fund Advisors each have stakes in. This daisy-chain oligopolistic ownership is typical in today’s increasingly unipolar world—where the illusion of competition is only skin deep. The agenda of this cohorts of media organizations appears clear—attack anything that counters the globalist narrative.

Given this, if there is one man that is seen as a clear and present threat, it’s Donald J. Trump.

The liberal new world order behind the shadowy asset managers that own shares in MSNBC, CBS News, NBC News, ABC News, CNN, Fox—The Vanguard Group inc and BlackRock Fund Advisors—are at it again with another smear piece designed to reinforce the momentum of smear laid down over the past six years.

In the all too familier style of the liberal media since Trump walked down the escalator in 2016, The Intelligencer opened the piece by reminding their audience: “Trump was impeached twice, lost the 2020 election by 7,052,770 votes, is entangled in investigations by federal prosecutors (over the Capitol insurrection and over the mishandling of classified White House documents and over election interference) and the District of Columbia attorney general (over financial fraud at the Presidential Inaugural Committee) and the Manhattan district attorney (over financial fraud at the Trump Organization) and the New York State attorney general (over financial fraud at the Trump Organization) and the Westchester County district attorney (over financial fraud at the Trump Organization) and the Fulton County, Georgia, district attorney (over criminal election interference in Georgia) and the Securities and Exchange Commission (over rules violations in plans to take his social-media company public through a SPAC) and the House Select Committee on January 6 (whose hearings are the runaway TV-ratings hit of the summer), yet on Monday, July 11, he was in a fantastic mood.”

The piece is heavy-handed on opinion, with liberal heaps of TDS pervading almost every sentence.

Trump’s statements about 2024 are as follows.

“Look,” Trump said, “I feel very confident that, if I decide to run, I’ll win.”

Trump continues, “Well, in my own mind, I’ve already made that decision, so nothing factors in anymore. In my own mind, I’ve already made that decision.”

In the usual style of the yet-to-be recognized two-time US presidential race winner, Trump hinted at a lot without saying anything definitive—a master of hype.

“I would say my big decision will be whether I go before or after,” he said.

“You understand what that means?” Trump said to the NY Mag reporter.

The reporter, asking for clarity about what Trump was talking about, said “mid-terms.” At this point, Trump appeared to confirm the implication of the question, saying, “Do I go before or after? That will be my big decision.”

Trump then talks about polls, suggesting that if he didn’t run, it would influence other candidates to consider throwing their hats in the race.

“I just think that there are certain assets to before,” he said. “Let people know. I think a lot of people would not even run if I did that because, if you look at the polls, they don’t even register. Most of these people. And I think that you would actually have a backlash against them if they ran. People want me to run.”

Trump said he didn’t feel intimidated by Ron Desantis before he was cut off by the NY Mag reporter

“I don’t feel that,” he said, “I endorsed Ron, he was at 3, and as soon as I endorsed him, he went to first place, he was not gonna win, then —”

The reporter seems to ask Trump if he’s talking about competition for 2024.

“Yeah, no, I meant when he ran for governor, as you know, he was running and then he came to me for an endorsement because he was not, you know, he was at 3 percent.”

Trump continued about Desantis, “the race was over, and I think Ron knows that better than anybody. We have a good relationship, and, uhh, there may be some others soon, but that’s okay.”

At the end of the day, the NY Mag interview didn’t offer a lot more clarity, it merely confirmed what almost everyone believes—Trump will run in 2024.

The liberal media is so desperate to cut down Trump, that they recently said that they have no strategy for dealing with him in 2024.

Mark Leibovich said, an Americal journalist, told Meet The Press “Look we have no plan for this, except sitting around hoping [Trump] dies.”

Related NBC’s Panelists Wish for Donald Trump’s Death On-air “We Have No Plan for This, Except Sitting Around Hoping He Dies.

 

Recall that Iran published a video depicting Trump’s assassination at the beginning of this year.

And of course, the J6 un-select committee is working overtime—and failing—to destroy Trump’s reputation.

If these signs are any indication, Trump and America Firsters will win by landslides in their respective elections.

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New 40-Year Record High Inflation, 9.1%—The Real Number is Much Worse

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The latest economic figures released by the US Bureau of Labor Statistics confirm what everyone’s been feeling in their wallets—record high inflation.

Released earlier today, the consumer price index (CPI) came in at 9.1%. The CPI measures a carefully selected basket of goods and services—the official method for measuring inflation. This is the single largest increase since 1981.

Inflation refers to the average increase of products within an economy, which indicates the loss of purchasing power. For instance, if a gallon of milk cost $8 last year, rising to $8.80, this means that the cost has remained essentially the same—but the value of the dollar has dropped by 10%.

What Prices Increased the Most?

Inflation hit the energy and food sectors most sharply, with unleaded gas prices peaking at a national average of $5 per gallon.

Removing food and energy reduces the rate to 5.9%, confirming that these sectors have risen the most.

While gas prices sharply increased by nearly 50% from last year, the price at the pump has leveled off for the most part since early June, in part due to crude oil price leveling out, falling below their $126 mid-May peak to $96 as of July.

Nevertheless, price discovery for most of the economy remains on the high side.

“The concept of price discovery—determining the fair price of a particular good or service based on supply and demand—is a primary function of every public market, from ancient souks to auction houses.”

Everyone is uncertain how far inflation will go—especially since it’s approaching the mid-70s record highs, whether a small business or a transactional conglomerate. Prices will likely continue to rise as supply chains continue to crumble, supplies decrease due to global trade upset from Ukraine and Western-bloc sanctions, and gouging by oligopolies continues, per the norm.

Price Gouging and Collusion

In simple terms, big businesses pay market analysts to forecast costs and profit changes, advising higher prices even if the impact of inflation hasn’t hit their bottom line. As a result, this triggers inflation across the economy, as large portions of the technology sector are in cahoots with each other, called oligopolies.

While most people believe businesses compete, the increasingly obvious reality is that collusion is more the norm. Why else would most retail and tech prices seem to go up at once in response to a crisis like the Ukraine conflict?

As Wall Street Journal Reporter Dion Rabouin notes in an NPR interview from April of this year,

“Inflation sort of disguises these price increases. When prices for everything around you are rising, it’s much easier for companies to raise their prices and not experience that consumer blowback.”

True Inflation Much Worse

As bad as things appear with 9.1% inflation, it’s a lot worse.

A campaign to suppress real inflation started in the 80s as a response to increasing liability obligations for social security beneficiaries.

In the 1970s, before the calculation methods changed, inflation spiked to nearly 15%.

But, strangely, after changes were implemented, the volatility of inflation was reduced.

30a Chart 1: Inflation as Measured by CPI 600×600

According to Investopedia,

“Originally, the CPI was determined by comparing the price of a fixed basket of goods and services spanning two different periods. In this case, the CPI was a cost of goods index (COGI). However, over time, the U.S. Congress embraced the view that the CPI should reflect changes in the cost to maintain a constant standard of living. Consequently, the CPI has evolved into a cost of living index (COLI).

Over the years, the methodology used to calculate the CPI has undergone numerous revisions. According to the BLS, the changes removed biases that caused the CPI to overstate the inflation rate. The new methodology takes into account changes in the quality of goods and substitution. Substitution, the change in purchases by consumers in response to price changes, changes the relative weighting of the goods in the basket. The overall result tends to be a lower CPI. However, critics view the methodological changes and the switch from a COGI to a COLI as a purposeful manipulation that allows the U.S. government to report a lower CPI.”

This issue is quickly summarized in a Dirty Money video entitled Why the Official US Inflation Rate is a LIE.

John Williams, a maverick economist, reveals the true inflation numbers on his site Shadowstats.com.

According to Williams’ charts, a more accurate inflation figure is about 17%—nearly double the adjusted mainstream number of 9.1%.

Note in the above chart that the two different indexes, SGS CPI in blue and CPI-U in red, were trending in unison until 1982, when the new calculation methods were implemented.

Final Thoughts

Inflation is a hidden tax on the working class—those citizens who don’t have excess capital to invest in the stock market—where prices of stocks tend to rise with inflation.

Inflation reduces the cost of debt due to the fact payments are enumerated in fixed currency amounts—your mortgage payment doesn’t go up or adjust for inflation.

This means inflation favors the wealthy and those with debt, like the US government.

What prices have you seen rise the most? What are you doing to mitigate the impact?

FED Dolling Out $250 Million PER DAY in Interest Payments to Unknown Beneficiaries as Economic End-Times Approach

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The current global, socioeconomic paradigm has allowed for a small group of mostly unidentified beneficiaries to reap hundreds of millions of dollars per day by way of interest payments. This cushy racket was all made possible by the Federal Reserves’ reverse repo program.

The impending collapse of the financial system as we know it looms on the horizon while those in a position to do so feed the crisis (and themselves) through endless money laundering schemes. 

Whether it’s the war in Ukraine, Executive orders, experimental vaccines, the push for Solar panels and electric vehicles… there are few things being heavily marketed to the world today that weren’t designed to reap maximum profits for the financial elite in Davos Switzerland and the Washington DC political establishment.

In fact, Peter Schweitzer wrote a phenomenal book about how all of this works back in 2011 called Throw Them All Out, a highly recommended read for our audience.

In response to the record inflation, caused either by the reckless or intentionally destructive spending of the Biden Administration, the FED decided to raise interest rates by 75 basis points last month – the largest increase since 1994 – in an effort to slow the Bidenflation tidal wave.

To the surprise of no one, there’s been virtually no improvement to the economy since this change. Quite the contrary, as inflation continues to trend in the wrong direction since the FEDs rate raise. Not only that, but the FED revised its quarterly projections to show negative GDP growth will be expected for the second quarter in a row, essentially proclaiming that a recession isn’t on the horizon, it’s already here.

RELATED: Key FED Indicator Suggests That The US is Already in a Recession

When faced with the hard decision to either help ease the economy back on track or raise interest rates to make the already skyrocketing inflation markedly worse, the FED chose the latter. This change quietly paved the way for a small group of mostly unidentified beneficiaries to start collecting hundreds of millions of dollars per day by way of interest payments, this is thanks to the Federal Reserve reverse repo program.

The program has seen a record 2.330 trillion in cash holdings, and interest payouts have ballooned since the aforementioned FED rate hike, totaling over 100 million per day. The 108 depositors, who hold assets in the fund, are the recipients of these absurd payouts.

As per Zerohedge:

there is a record $2.33 trillion in cash parked at the Fed’s overnight facility, doing nothing…

…Well not nothing: it was nothing when rates were zero, but at 1.55% which is the current reverse repo rate, that $2.33 trillion is a golden goose for the 108 counterparties that are parking cash at the facility, a mixture of money market funds, banks, GSEs and various other financial intermediaries.

How big is this particular Golden Goose? The chart below shows the payment in interest that the Fed makes day on this record $2.33 trillion in funds: as of today it amounts to just over $100 million every single day! That’s right, more than $100 million in interest payments on funds parked with the Fed, which is by definition the world’s only risk-free counterparty!

As ZeroHedge points out, the interest profits are only due to the FED’s past reckless spending.

Also from ZeroHedge:

“All of the above is with the Fed Funds rate at 1.75%. As a reminder, the Fed hopes to keep hiking at least another 175bps (or more) in the next 6 months, which will push the rate to 3.50% and will mean that the Fed will be paying half a billion in interest every single day to a handful of mostly unknown counterparties every day, money which for said counterparties is also known as (riskless) profit and which is only the result of the Fed’s previous money printing.”

Key FED Indicator Suggests That The US is Already in a Recession

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What has been called a “Key economic indicator” from the Federal Reserve seems to suggest that the country is not “heading into a recession”, but is already entered recession territory.

The Federal Reserve Bank of Atlanta’s GDPNow forecasting tool said on Friday that “real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.0 percent on June 30, down from 0.3 percent on June 27.”

Jeff Cox, an economic analyst, wrote at CNBC on Friday saying that the 1% contraction, “coupled with the first quarter’s decline of 1.6% … would fit the technical definition of recession.”

The GDPNow model offers a more bleak point of view for the next quarter following its assessment, claiming that:

 “the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 2.7 percent and -8.1 percent, respectively, to 1.7 percent and -13.2 percent, respectively.”

The current Federal Reserve Chairman Jerome Powell has promised Americans that the Fed would “succeed in getting inflation down to 2%.”

“The process is highly likely to involve some pain,” he said during a panel discussion at the European Central Bank, “but the worse pain would be from failing to address this high inflation and allowing it to become persistent.”

 But experts have been warning of a perfect storm of economic chaos as inflation has decimated spending across the economy while Federal Reserve efforts to stave off that inflation have seen interest rates spiking sharply.

Energy Bills Expected to Reach New Highs This Summer

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Ryan DeLarme,
May 28th, 2022

Analysts warn that electric bills this summer will be larger than anything the American people have ever seen before. This financial blow comes on top of the already record-high fuel costs and baby formula shortages.

The most recent estimates coming out of the Energy Information Administration (EIA) are indicating that the price of electricity will rise by a national average of 3.9% this summer, which is a notable jump from last summer. Areas that practice conservation of energy will see at least a 0.9% increase.

Some regions of the country will be hit harder than others this summer. The New England area is likely to see a more dramatic rise. The area relies heavily on natural gas and oil for more than half of its total power supply.

On top of the price hike for electricity, weather forecasters are predicting a dry and blistering summer. 

In regards to the cost of gasoline, there doesn’t seem to be an end in sight. According to the EIA report, residents in the Mid-Atlantic region can expect an additional price increase of roughly 8.4%. The report also notes that residents in the South Atlantic region could see an estimated 6.5% higher price.

If you add the soaring consumer prices, rent increases, and gas moving past 5$ a gallon on the horizon, we could see many people’s financial situation going from bad to worse over the next few months.