Tag: inflation

White House Very Worried About Being Held Accountable for Food Price Inflation Their Policies Have Created

The architect of Obamacare, Jonathan Gruber, famously said, “We relied upon the stupidity of the American voter“, when they lied about the changes to healthcare in order to get Obamacare passed into law.   Today the White House Chairman of the National Economic Council, Brian Deese, pulled out the Gruber playbook and attempted the same level of nonsense to convince the media that food inflation wasn’t real.

The effort is to downplay the massive scale of food price increase.  Watch a few minutes of his presentation as prompted below:

Just about everything Brian Deese stated in that segment about the root cause of food price inflation is false.  He’s not mistaken, he is not getting it wrong, he is not looking at false assumptions, he is lying.  He knows what he is saying is false…. he also knows it is abjectly silly on its face.  The proteins are driven up by the skyrocketing feed prices underneath them.

If you take away the food products driving the highest price increases, the price increases don’t look quite as high.   What the heck kind of bizarro-world spin is that?   Yes, it is true, if I take the fork I stabbed you with out of your eye the headache might subside slightly.  Good grief.

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.  Additionally, the part about multinational corporations merging and profiteering is a little disingenuous considering Joe Biden recently increased the amount of food stamp assistance by 25% per recipient, and expanded the program.

Part of the lobbying in the food industry by BigAg multinationals is to advocate for the expansion of U.S. taxpayer benefits to underwrite the costs of the domestic food products they control. By lobbying DC, these multinational corporations get congress and policy-makers to expand the basis of who can use Food Stamps, EBT and SNAP benefits (state reimbursement rates). Expanding the federal subsidy for food purchases is part of the corporate profit dynamic.

With increased taxpayer subsidies, the food price controllers (BigAg Multinationals) can charge more domestically and export more of the product internationally. Taxes, via subsidies, go into their profit margins. The corporations then use a portion of those enhanced profits in contributions to the politicians. It’s a circle of money.

Food inflation is created by Joe Biden policy.  CTH has talked about this specific issue for years.   All of the significant price jumps at your local supermarket are directly connected to federal policies that destroy the supply and demand balance within the food industry.

Joe Biden’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.   If you understand the background, you can predictably see the cause and effect.  The current price increases are directly related to previous issues.  Consider this warning from May, 2021, which we highlighted earlier in the year:

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.

MAY 2021 […] “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.  Economically speaking, Bernie Sanders supporters and the various left-wing advocates therein, are correct in stating the greatest financial and economic benefits have been delivered to the top 2% wealthiest people, the Wall Street class per se’.

Factually, while not resenting the wealth, most intellectually honest conservatives admit this is also the current reality. The wealth disparity in the U.S. increased substantially over the past two decades. It was only under the economic policy of Donald Trump when the wealth gap actually began to close for the first time in decades.

Additionally, the professional political class would like both sides on the political continuum to continue disunity, argument/disagreement on the outcome and avoid discussing the root cause. It is within a comprehensive understanding of the root cause where Americans find unity.

We’ve already discussed how two entirely divergent economies, a Wall Street economy, and a Main Street economy, were created by exploitation of financial interests and the accompanying legislative priorities.

Regardless of mid-1980’s political motives, the result was the creation of two entirely disconnected economies. The professional political class merely pandered to the demands of their most influential legislative donors. Hence, TARP, Bailouts, etc.

Main Street’s economy was/is a more traditional economy, based on “Americanism“ and economic patriotism. Wall Street’s economy is purely financial (mostly paper), and based on the multinational financial instruments that underline “Globalism“.

This is not to say that all Wall Street engagements or activities are bad, they are not. Financial instruments and corporate interests have a large place within our traditional economy. However, global financial instruments may, or may not, have a similar positive influence.

Given the historic rise of global corporatism and massive multinationals, it’s easy to spot the inherent anti-nationalist sensibility. Wealth doesn’t spread without a spreader; and American wealth doesn’t spread, without an American wealth spreader.

So we end up with two economies; which, over time, have grown further and further apart. The wealth disparity between the middle class and the “well off” class, tracks identically with the separation of these two economies. – SEE HERE –

[…] there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street). [This important acceptance is just common sense. The U.S. GDP is currently around $20 trillion, but the total valuation of the Wall Street stock market is much larger than our GDP. Wall Street is more valuable than Main Street. It is a simple albeit important reality to accept.]

Investments, and the bets therein, needed to expand outside of the USA. Hence, globalist investing.

However, a second more consequential aspect happened simultaneously. The politicians became more valuable to the Wall Street team than the Main Street team; and Wall Street had deeper pockets because their economy was now larger.

As a consequence Wall Street started funding political candidates and asking for legislation that benefited their interests.

When Main Street was purchasing the legislative influence the outcomes were beneficial to Main Street, and by direct attachment those outcomes also benefited the average American inside the real economy.

When Wall Street began purchasing the legislative influence, the outcomes therein became beneficial to Wall Street. Those benefits are detached from improving the livelihoods of main street Americans because the benefits are “global” needs. Global financial interests, investment interests, are now the primary filter through which the DC legislative outcomes are considered.

There is a natural disconnect. (more)

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.

The road to a “service-driven economy” is paved with a great disparity between financial classes. The wealth gap is directly related to the inability of the middle-class to thrive.

Elite financial interests, including those within Washington DC, gain wealth and power, the U.S. workforce is reduced to servitude, “service”, of their affluent needs.

The destruction of the U.S. industrial and manufacturing base is EXACTLY WHY the middle class has struggled, and exactly why the wealth gap exploded in the past 30 years.

Behind this dynamic, we find the international corporate and financial interests who were inherently at risk from President Trump’s “America-First” economic and trade platform. Believe it or not, President Trump was up against an entire world economic establishment. Conversely, Joe Biden is an ally of the multinational corporations.

When we understand how trade works in the modern era, we understand why the agents within the system are so adamantly opposed to U.S. President Trump.

♦The biggest lie in modern economics, willingly spread and maintained by corporate media, is that a system of global markets still exists.

It doesn’t.

Every element of global economic trade is controlled and exploited by massive institutions, multinational banks and multinational corporations. Institutions like the World Trade Organization (WTO) and World Bank control trillions of dollars in economic activity.

Underneath that economic activity, there are people who hold the reigns of power over the outcomes. These individuals and groups are the stakeholders in direct opposition to principles of America-First national economics. Collectively known as “The Big Club”.

The modern financial constructs of these entities have been established over the course of the past three decades. When you understand how they manipulate the economic system of individual nations you begin to understand why they are so fundamentally opposed to President Trump.

In the Western World, separate from communist control perspectives (ie. China), “Global markets” are a modern myth; nothing more than a talking point meant to keep people satiated with sound bites they might find familiar. Global markets have been destroyed over the past three decades by multinational corporations who control the products formerly contained within global markets.

Comment/ Opinion: A very good read !!
Continued – https://theconservativetreehouse.com/blog/2021/09/08/white-house-very-worried-about-being-held-accountable-for-food-price-inflation-their-policies-have-created/