The economic numbers this morning don’t paint a very good picture.
Coupled with yesterday’s horrible trade balance data, the emerging domestic economic tableau looks increasingly sickly.
Trump’s economic policies rely on massive concentrated AI capital spending, ever widening fiscal deficits, concentration of the wealth, and the rapidly growing interest income these offsetting US Treasury securities generate.
Trump’s suicidal Zionist Middle East foreign policy is setting the United States up for a complete wipeout disaster. This disaster can be described as “Jacob’s trouble”.
As one of our readers reminded us, President Trump has publicly stated that he is not Christian. This makes him a charlatan and would go a long way in explaining his double-mindedness. Yet, he has no problem watching his family convert to Judaism.
Even worse is that Trump has galvanized his mongrel opposition and the Communists look to be gaining firm control here in the states come November. It’s kayfabe at its best, except it’s his naive and stupid followers who are the ones being thrown down on the mat.
There is nothing good that I can see this year.
GDP (QoQ) (Q4)
Act: 1.4% Cons: 2.8% Prev: 4.4%
Core PCE Price Index (MoM) (Dec)
Act: 0.4% Cons: 0.3% Prev: 0.2%
Core PCE Price Index (YoY) (Dec)
Act: 3.0% Cons: 2.9% Prev: 2.8%
Core PCE Prices (Q4)
Act: 2.70% Cons: 2.60% Prev: 2.90%
GDP (QoQ) (Q4)
Act: 1.4% Cons: 2.8% Prev: 4.4
GDP Price Index (QoQ) (Q4)
Act: 3.7% Cons: 2.8% Prev: 3.7%
GDP Sales (Q4)
Act: 1.2% Prev: 4.5%
PCE Price index (YoY) (Dec)
Act: 2.9% Cons: 2.8% Prev: 2.8%
PCE price index (MoM) (Dec)
Act: 0.4% Cons: 0.3% Prev: 0.2%
PCE Prices (Q4)
Act: 2.9% Cons: 2.8% Prev: 2.8%
Personal Income (MoM) (Dec)
Act: 0.3% Cons: 0.3% Prev: 0.4%
Personal Spending (MoM) (Dec)
Act: 0.4% Cons: 0.4% Prev: 0.4%
Real Consumer Spending (Q4)
Act: 2.4% Prev: 3.5%
Real Personal Consumption (MoM) (Dec)
Act: 0.1% Prev: 0.2%
The “shock and awe” reset is coming. Likely in the summer of 2028 just before elections as they like that window for “change” (similar to ‘08 with crisis and 2020 Cov-AIDS)
1. Global crash of everything overnight
2. Cash will be called back by the central banks within a 30 day period. After 30 days its becomes worthless
3. Loans will be called by the banks. Mass bankruptcies everywhere
4. Edomite funds will buy everyone’s loans for pennies on the dollar (Ala Thailand 1998 – 1999)
5. New digital fiat will be rolled out as the systems will be in place. The conversion will be $10 to $1.
6. It will be impossible for anyone to buy silver or gold at this point
… the system restarts and credit cycle begins again with 90pc of the population as “poor”
Supreme Court strikes down most of Trump’s tariffs in major defeat
CBS News 24/7 Live
Washington — The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs on nearly every country under a federal emergency powers law, delivering a significant blow to the president’s signature economic policy.
The high court ruled that the International Emergency Economic Powers Act, or IEEPA, does not authorize the president to impose tariffs. The Supreme Court divided 6-3, with Chief Justice John Roberts delivering the opinion for the court. Justices Brett Kavanaugh, Clarence Thomas and Samuel Alito dissented.
“IEEPA contains no reference to tariffs or duties. The Government points to no statute in which Congress used the word ‘regulate’ to authorize taxation. And until now no President has read IEEPA to confer such power,” Roberts wrote in a portion of the decision joined by Justices Neil Gorsuch and Amy Coney Barrett. “We claim no special competence in matters of economics or foreign affairs. We claim only, as we must, the limited role assigned to us by Article III of the Constitution. Fulfilling that role, we hold that IEEPA does not authorize the President to impose tariffs.”
The legal battle over Mr. Trump’s tariffs marked the first in which the Supreme Court evaluated the legal merits of one of his second-term policies. The high court has allowed the president to enforce many of his plans temporarily while legal proceedings moved forward, but its decision invalidating Mr. Trump’s global tariffs is the most significant loss of his second term so far.
Trump’s tariffs
The court upheld a ruling from the U.S. Court of Appeals for the Federal Circuit that ruled Mr. Trump’s tariffs were illegal. The majority did not appear to address the issue of refunds for businesses who paid tariffs on imports.
Article continues;
https://www.cbsnews.com/news/supreme-court-tariffs-decision-trump/?ftag=CNM-00-10aag9b
Well, Congress has the power to tax, so this shouldn’t be a big shock to Trump. I bet he has other cards up his sleeve as any good magician would!
Trump just doubled down and added another 10% for the fun of it!
Another interesting story is Blue Owl private equity firm seems to be in trouble. A canary in the coal mine maybe?
Stone,
What is your take on the Supreme Court striking down Trump’s tariffs today?
I see more problems on the home front for Trump and more pressure for a distraction (Iran War).
The US Treasury will have to come up with the money to pay back the tariffs to the taxpayers. This will blow a hole in the deficit which means more borrowing and more debt to be issued. This will drive up yields and/or if the Fed sops
Up the extra debt then more inflation on the horizon as more dollars chase goods.
I see either a spike in UST yields and/ or a dollar collapse and maybe both. However, those invisible hands may work this out so it would not be apparent just like they smothered goods inflation and smothered precious metals prices until the 2020 Covid scamdemic.
Lets be honest, Judaism is “the” anti Christ religion! The edomites are the antithesis of all things YHVH. They are of their father the devil as we know.
It’ll be very interesting how this all unfolds. At some point I’m guessing China which relies on Iran for significant oil will not sit quietly back and watch. If China and Russia get dragged into this, sounds like Ezekiel 38. Also, will the technology used in Venezuela be as effective this time? Trump may want to do a limited strike, but there are no guarantees it will stay limited! One more thought, the coalition of the willing does not exist this time. What if the NATO nations stand down and let the USA get their just desserts.
The immediate future looks ugly. Seems like Trump is in a political quagmire with the economy getting worse and his promises not coming forth to his voters.
Looks like a very good chance the Democrats will take control of both the house and senate as they win votes in traditionally red areas as well as blue areas. It looks bleak for the liberty loving conservatives.
Trump wants the war with Iran to distract from the troubles at home and the Iranian regime needs a war to distract from its bad economy and poverty among the masses. If the war starts soon it will distract from the upcoming disastrous elections. Trump is really screwing it up for the Republicans. If this war starts it will be definitely the start of the Jacocobian troubles.
At this time I would like to see the Force Majeure happen sooner instead of this slow rot that I am seeing. If it starts sooner then Jesus Christ will come sooner. I would love to see the upcoming elections cancelled to stall the communist takeover. Once the communists takeover then it is over for us Christians and anybody who believes in the middle road. Many democrats are campaigning as moderates to get the independents vote. Mark my words, there is NO SUCH thing as a moderate or conservative democrat. All democrats are members of the cult called the socialist democrat party.
There is a good chance this war will happen soon because both sides need it to distract from domestic troubles.
Trump’s Cain Esau Jew handlers want the Iranian war, and he does whatever they say.