Imagine That – Wall Street Journal Finally Admits Energy Inflation Will Keep Retail Food Prices High, Regardless of Commodity Price Market

(Sundance) A slight drop in the overall national pretending index is noted today; actually, more like a twitch toward the reality side of the meter.

CTH has been outlining the supply side inflation issue in the highly consumable goods sector, specifically the foods sector, for almost two years now.  Mainstream and financial pundits have denied its existence.

According to the Friedman view of traditional economics, only monetary policy drives inflation.  However, Friedman never lived in -nor fathomed- an era when the collective western governments would intentionally shrink the economy in order to save the planet via climate change.

The intentional diminishment of energy production is the #1 source of increasing consumer prices.  Inflation is not an issue of high demand for the subsequent goods produced.  Raising interest rates diminishes demand for durable goods but has zero impact on the increasingly higher prices of intentionally scare resources like oil, coal and natural gas.

While maintaining the pretending due to the alignment with multinational and corporate interests, the Wall Street Journal starts admitting today that prices are not likely to drop, regardless of commodity prices.  Even with abundant harvests, strong grain & soybean production, abundant pork and beef commodities, the costs associated with the production of food products will stop any downward price pressure.

(WSJ) Global prices for commodities such as wheat and sugar have fallen back to where they were a year ago, but consumers are still likely to feel the pinch at the checkout.

[…] Higher energy and power costs are also fueling food-price inflation. “That product on the shelf has a lot of the oil price built in,” said Kathy Kriskey, a commodity strategist at Invesco.

Costlier energy means it costs more to transport and package food, while supermarkets are paying more to power their stores. Higher gas prices also lead to increased fertilizer costs, while wage bills are also rising rapidly.

Supermarkets have more incentive to freeze than to lower prices, Ms. Kriskey added, since that gives them more flexibility if other input costs such as energy rise further in the coming months.  (read more)

Now think about the inflation dynamic from a source origination position.

If the variable of abundance/scarcity is removed from the equation and yet high consumer prices remain – then what was the primary originating cost pressure on the end product?

The globalists can keep pretending, which they certainly are, and yet the answer to that question is obvious.

Our current level of inflation is not an outcome of consumer demand and/or monetary supply.  The current level of inflation is a direct outcome of lowering traditional energy development, raising the cost of energy production, making oil, coal and natural gas more expensive, and then watching prices rise from the supply side origination.

The scale of inflation is a direct outcome of the scale of energy price increase.  As long as energy prices remain high, regardless of the abundance of the commodity the price for the foodstuff will remain high.  Food inflation has nothing to do with food scarcity and everything to do with increases in the costs to produce food.

We are in a price plateau right now, waiting to see how much further energy production will be restricted.

This is what western political leaders call “managing the transition”.  Put another way, they are managing the overall decline of western civilization.

Source: The Conservative Treehouse

***

The Economy and Markets

12/02  Jim Rickards: the us has sold out the American people – MS
12/02  China’s central bank governor says focus is now on growth – Yahoo!
12/02  Russia plans unleash gold-based currency: gold to $1,817, Silver to $23 – KWN
12/02  Fed hikes, stronger dollar fueling risks of instability in Africa – CNBC
12/01  india remains fastest-growing major economy – RT
12/01  Investors have Stockholm syndrome and how this effects their retirement – TT
12/01  Wall Street ends sharply higher after Powell comments – Reuters
12/01  Amazon and FedEx are laying off massive numbers of employees – NTB
12/01  How inflation changes culture – Daily Reckoning
12/01  Fed officials do not see any near change to balance sheet drawdown – Reuters
11/30  Strong dollar still snowballing across Asia – AT
11/30  Transitory inflation talk is back, higher prices here to stay – CNBC
11/30  Tech layoffs approach great recession levels – MW
11/29  US recession: when, not if – ZH
11/29  ECB’s lagarde says inflation hasn’t peaked, may surprise – Reuters
11/29  Oil climbs as china boosts vaccinations, investors look to opec+ – Yahoo!
11/29  Treasury yields slip as investors assess china’s covid policy – CNBC
11/28  The consumer economy has completely collapsed – “it’s a ghost town” – CTH
11/28  Kiyosaki: ‘I believe the economy is the biggest bubble in world history’ – MW
11/28  Derivatives time bomb – is **your** bank on this list? – HTR
11/28  Time to short 30 year treasuries? – RC
11/28  Oil plunges to lowest since 2021 as China unrest rattles market – Yahoo!
11/27  What is fractional reserve banking? – SA
11/27  Here is how economic dystopia will come to America – ZH
11/27  Risk appetite is surging again in markets seduced by Fed hope – Yahoo!
11/27  US Black Friday online sales hit record $9B despite high inflation – Reuters
11/26  Consumer bankruptcies, foreclosures, delinquencies, and collections… – WS
11/26  Market indicators make 2008 look like a rehearsal feat. Dave Kranzler – ZH
11/26  Nasdaq falls and dollar rises on investor caution – Reuters
11/26  Black friday disappoints: thin crowds and ‘desolate’ stores – BB
11/26  Inflation hovers over shoppers seeking deals on Black Friday – AP
11/25  Credit suisse hits new low as investors weigh impact of outflows – Yahoo!
11/25  China local governments face debt squeeze worth $2T – Yahoo!
11/25  China cuts reserve requirement ratio by 25bps, boosts economy with $70B – ZH
11/24  National railway strike seen as increasingly inevitable – BB
11/24  Credit Suisse warns of $1.6B loss after clients pull money – WSJ
11/24  China’s gold stockpiling is dollar warning sign – AT
11/23  Eurozone inflation hits record high 10.7% as recession looms – NN
11/23  After this holiday rally, you better know when to walk away – TT
11/23  Tap oil fields, not our emergency reserves, to lower energy prices – RCE
11/23  Treasury yields rise as traders await fed minutes – CNBC
11/22  Best-buy sticks to holiday quarter outlook as demand holds – CNBC
11/22  US Banks use thaw in market to shift huge loans off books – FT
11/22  Oil rises as Saudi comments outweigh recession concerns – R

Real Estate Bubble

12/01  Housing tumbles down under as soaring borrowing costs take toll – Yahoo!
12/01  Housing demand “vaporized” after rates hit 7% – ZH
11/30  Mortgage rates fall for third straight week, demand drops further – CNBC
11/30  Real estate is the most searched investment type this year – ZH
11/28  “Collapse” in home prices is coming… – Axios
11/28  UK property demand down 44% since market-rocking mini budget – CNBC
11/25  New record: 41% can’t pay November rent (up 4%) – ZH
11/24  Massive cancellations make mess of already low new-house sales. – WS
11/23  investor purchases of single-family houses plunged 32% in Q3 – WS
11/23  China’s state banks seek to boost property sector with $30bn in credit – FT
11/22  How bad will housing get? Reality grips Canadian Market – BB
11/22  37% of Real Estate Agents can’t afford October Office Rent – ZH
11/21  China’s Real Estate Surges this Month – CNBC
11/21  Sweden’s Housing Market Rout Deepens in Warning for World – BB
11/19  Existing Home Sales drop 5.8% in October, 28.4% YoY decline – CNBC
11/19  Housing Sales Plunge further, drop 8.4% – Wolf Street

Precious Metals and Mining Stocks

12/02  Gold price climbs 2% in wake of Powell’s comments – Mining.com
12/02  Gold’s role in the international system – ZH
11/30  Gold prices stuck as hedge fund-induced short squeeze runs out – Kitco
11/29  Gold price gains on weaker usdx, higher crude oil – Kitco
11/29  Why ghana wants to barter gold for fuel – Kitco
11/26  ALERT: open interest collapse has gold & silver poised to rocket higher – KWN
11/26  Gold shines bright – EP
11/25  Gold price firmer in quieter trading – Kitco
11/23  Jordan Roy-Byrne: Gold, silver & miners monthly charts argue bottom – MS
11/22 Forget Crypto, Gold and SIlver are the only Solution – YT
11/21  As inflation eases, the macro grinds in favor of the gold mining sector – NFTRH
11/20  Gold sentiment slightly higher but not enough for +$1800 – Kitco

Monetary Madness, Cryptos & Currency Wars

12/02  FTX bankruptcy: US trustee moves for independent examiner – Axios
12/01  FTX’s collapse was a crime, not an accident – CD
12/01  “I’ve had a bad month” – bankman-fried claims – SN
12/01  FTX CEO Sam Bankman-Fried denies crypto exchange fraud – CNBC
11/29  Federal reserve set to introduce privacy-crushing digital currency – NN
11/28  The rise and fall of FTX (part 2 of 3) – BT
11/27  Binance creates $1 billion crypto industry fund after FTX collapse – CNBC
11/25  india rolling out retail pilot program for digital rupee – Schiff Gold
11/23  SBF issues another rambling apology and “description of what happened” – ZH
11/20  WTF happened with FTX anyway? (1 of 3) – BT
11/19  For the love of God, get your Crypto off exchanges – BT
11/19  Elizabeth Holmes Theranos founder faces 11 years in prison – ZH

Sanctions, Shortages & Supply Shocks

12/02  Drought-Parched california cities to get little relief next year – Yahoo!
12/02  The US is now propping up tiny Moldova’s energy sector too – ZH
12/02  Officials fear ‘complete doomsday scenario’ for Colorado river – MSN
11/30  China ready for ‘closer partnership’ with Russia in energy – AP
11/29  Diesel shortages loom as energy crisis enters “perfect storm” – NN
11/28  The EU’s misguided energy price cap proposal – DL
11/28  1.8M chickens slaughtered in Neb. as bird flu pecks away at food supply – ZH
11/28  US gives Chevron go ahead to pump oil in Venezuela again – Axios
11/27  Biden admin quietly greenlights plan to build huge gulf oil terminal – ET
11/27  Oil market metrics signal sufficient supply and weakening demand – OP
11/26  Gas price cap could cause irreversible harm to energy markets – OP
11/25  UK ‘quietly’ imports tens of millions worth of russian oil – Yahoo!
11/25  German Official: stock up on bottled water and canned food – NN
11/24  Most crucial industrial fuel faces global shortage – ZH
11/24  German Gas giant seeks $53 billion bailout – RT
11/24  The renewable energy transition is failing – Asia Times
11/23  Pharmacists now run out of children’s Tylenol amid crippling shortage – DM
11/22 Carriers in Panic Mode as recession bites – LS
11/21  Europe rushes to fill up on Russian diesel before ban begins – Reuters
11/21  China buying more wheat than ever before from Australian Market – Yahoo!

FED-Up: Inflation from Too Much Money & Too Few Goods

12/01  Powell: Fed to keep rates higher for longer to cut inflation – AP
12/01  Fed’s Powell: rate hikes to slow, but adjustment just beginning – Reuters
11/30  Futures rise as nervous traders await Powell speech – ZH
11/27  Fed mins: ‘substantial majority’ support slowing pace of rate hikes – Yahoo!
11/24  Fed Minutes: Fed officials see smaller rate hikes coming ‘soon’ – CNBC
11/23  Fed Minutes Set to Show Breadth of Support for Higher Peak Rate – BB
11/22 Treasury yields bull back investors look to Fed Speech – CNBC
11/22 ECB’s Holzmann back 75bps increase in December – FT

War and Civil Unrest

12/02  Details emerge about China’s “fractional orbit” nuke strike weapon test – HTR
12/02  Israel and US hold drills targeted at Iran – RT
12/01  Oops! Indian army flaunts ‘Chinese cameras’ to spy on Chinese military – ET
12/01  South Korea scrambles jets to warn inbound Chinese-Russian bomber patrol – ZH
12/01  Pentagon signs $1.2 billion deal on Air Defense systems for Ukraine – RT
11/30  Daily Flights: Xi delivering weapons to Putin? – SS
11/30  NATO reaffirms pledge to expand into Ukraine and Georgia – RT
11/30  NATO allies urged to send more battle tanks – Yahoo!
11/28  Polish “mercenaries” open-fire and kill Ukraine commanders near Bakhmut – HTR
11/27  American CIA offers jobs to disgruntled Russians – ET
11/27  Protests erupt across china as thousands take to the streets – DM
11/27  COVID lockdown protests erupt in Beijing, XinJiang after deadly fire – ZH
11/26  Eurofighters ‘chase down’ su-30 fighter jets over baltic sea – ET
11/26  US military biological activities near Russia involve third countries – TASS
11/26  Beijing is back in lockdown, expect turmoil – QTR
11/25  Ukraine: Kyiv says half of city residents without power – Yahoo!
11/24  Nine Russian bombers in the air; electric grid hit again – HTR
11/23  Satan unzipped! Russia shares detailed images of its heavyweight ICBM – ET
11/23  Power outages in Ukrainian cities, Moldova after new strikes – AP
11/22  Washington’s Dangerous Ukraine Boondoogle Unravels – RP
11/21  Russia targets Ukranian Aircraft Engine Plant – RT
11/20  Russia fires Nuclear capable missile into Kyiv – ET
11/20  Pentagon: Outcome of Ukraine Conflict to 21st Century – RT
11/19  Polish politician blames Ukraine for missile strike – SN
11/19  Ukraine and Western Allies at odds over missile that exploded in Poland – FT
11/19  North Korea fires ballistic missile capable of striking anywhere in the US – DM

Politics, Authoritarianism and Censorship

12/02  Kanye West says, “He likes Hitler.” – RT
12/02  China’s mass protests are overwhelming its censorship systems – NYP
12/01  US approves heavy weapon sales to nato hopeful – LI
12/01  Musk: Twitter has “interfered in elections” – ZH
11/30  Videos: Tanks deployed on streets in china amid massive protests – SN
11/30  Former chinese president who ruled after Tiananmen massacre dies at 96 – ZH
11/30  Gun boom continues: FBI ran 192,749 background checks on Black Friday – BB
11/29  Kanye continues antisemitic streak with holocaust denier nick fuentes – BB
11/29  Protesters in China evade censors as discontent grows – ABC
11/29  Apple threatens to ban twitter from app store, won’t say why: Musk – ZH
11/27  Private documents reveal Trudeau was going to use tanks – TH
11/26  Trudeau defends use of emergency powers to quell trucker protests – A
11/26  6MM Americans carried guns daily in 2019, twice as many as in 2015 – G
11/26  The mask is off: WEF’s Klaus Schwab declares china a ‘role model’ – AT
11/25  Anti-Lockdown Stanford Professor: “academic freedom is dead” – SN
11/25  Cancel culture’s war on history, heritage and freedom of thought – R
11/25  Fired twitter moderator reveals “worries” over platform’s future – ZH
11/25  Elon musk announces general amnesty – SN
11/25  Poll: Americans don’t want to talk politics at thanksgiving – Axios
11/25  WEF’s Klaus Schwab says communist china is a ‘role model’ – BB
11/24  Senators alarmed over potential Chinese drone spy threat – Politico
11/24  French interior minister labels Italy an ‘enemy’ of France – RMX
11/24  Brazil’s Bolsonaro fined for challenging election results – RT
11/22  London Mayor calls for “New Regulation of Online Speech” – SN
11/22  Zelensky’s Well-Documented History of Crushing Dissent – SW

Covid Craziness, Pox, and Pestilence

11/30  Moving in for the kill (Biodefense strategy) – SH
11/29  Markets cheer chinese vaccine drive path toward reopening – ZH
11/25  Brutal videos: police at the Foxconn Iphone plant in ZhengZhou – SS
11/25  Foxconn’s COVID woes to take bigger toll on giant China iphone plant – R
11/24  China’s covid infections hit record as economic outlook darkens – Reuters
11/23  8 most outrageous excuses for covid vaccine deaths in 2022 – NN
11/22  World Premiere: Died Suddenly – Rumble
11/22  The truth about Ivermectin – ET

Self-Reliance, Health and Prepping for Survival

12/01  Pressure test yourself – PJ
11/30  Quince wine (and mead) – PSR
11/30  Preparedness regrets and priorities, by NC – SB
11/30  DIY root cellar plans (low cost & simple design) – PSR
11/27  Muzzleloading muskets & shotguns – SB
11/23  Shotgun shot sizes and drams explained – SHFT

The Art of Collapse

12/02  California senator accused of faking Anti-LGBTQ threat – ZH
12/01  Biden bid to revive student debt relief plan rejected – Axios
12/01  AI fail: Meta’s Galactica spews racism and nonsense – AT
11/30  Video: Fauci again defends Chinese lockdowns – SN
11/30  Trump calls mcconnell “loser” after he condemns fuentes dinner – Axios
11/30  NY Times claims Balenciaga Pedo-scandal is Q-Anon conspiracy theory – SN
11/29  CHIEF designer for Balenciaga – TBP
11/29  Washington Post: o eat bugs as they can no longer afford thanksgiving – SN
11/29  Biden’s gender-fluid nuclear official charged with theft, lying to cops – ZH
11/28  After 15 break-ins, a Portland business finally calls it quits – ZH
11/28  ‘Vox populi, vox dei’: Musk says general amnesty ‘begins next week’ – SN
11/28  Kim Kardashian “re-evaluating” relationship with Balenciaga – SN
11/28  Cambridge dean goes full woke, claims Jesus could have been transgender – FP
11/28  Chinese lockdown protests intensify in rare display of defiance – ZH
11/27  Biden considering $450,000 per person to families separated at border – DM
11/26  FDA approves world’s most expensive drug at $3.5 million per dose – ET
11/26  Democrat intel senator: “trump was right” about tiktok – SN
11/26  Trump dined at Mar-a-Lago with Nick Fuentes & Kanye West – BB
11/24  ‘Gender is complicated, i am not human’… – CFP
11/24  Pedophilia, cannibalism & the occult: Balenciaga saga even more twisted – IW
11/24  Outrage after NYT confirms SBF to speak alongside Zelensky, Yellen – ZH
11/24  The collapse of American identity- all warnings have come true! – EK
11/23  NYT hosts event featuring disgraced former FTX CEO, Ukraine president – BB
11/23  Canadian government literally proposes state execution of living babies – ZH
11/23  Biden family has 150+ ‘suspicious activity reports’ says house GOP – AMN
11/23  Report: Colorado Gay nightclub shooter identifies as non-binary – BB
11/22  Dudes keeping Twitter alive – CFP
11/22  Musk fires sales staff at Twitter – DM

Weird-and-Wacky or Off-Topic News

12/02  Scientists find two completely new minerals on meteorite – OP
12/01  Hawaii volcano eruption has some on alert, draws onlookers – DM
11/30  Mauna Loa: the world’s largest active volcano on Hawaii has erupted – DM
11/28  Katherine Schwarzenegger posts adorable thanksgiving pictures – DM
11/25  The true history of the pilgrim fathers and our founding myth – BB
11/25  Thanksgiving 2022: where you’ll find more turkeys than people – Axios
11/24  China is developing new nuclear system to power moon base – SCMP
11/23  Budweiser to award World Cup winner with beer – MW
11/23  UK Parliament’s most memorable moments – DM
11/22  Small asteroid disintegrates over Canada – SS
11/19  A beautiful moment from the zoo… – CFP
11/19  Buffalo Bills Stadium astonishingly full of snow – DM
11/18  “Immersive” entertainment is all the rage – Axios

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