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CDC Credibility Implosion: New Mask Mandate Makes No Sense

Posted by M. C. on July 29, 2021

Even much of the mainstream media is confused and frustrated by yesterday’s sudden flip-flop by the CDC, advising that everyone once again begin wearing masks indoors. They claimed it was because the “delta” variant was eluding the vaccine, while at the same time continuing to claim that the vaccine was very effective and that everyone should take it. Both of these things cannot be true…and most Americans understand that. Will the push-back on this incomprehensible policy-shift gain momentum?

CDC head Rochelle P. Walensky says the variant is eluding the vaccine so the answer to take more of the vaccine. Walenski is the Yellen (ie a simpleton) of the CDC.

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Who’s Afraid of Fort Detrick Probe? – Sputnik International

Posted by M. C. on July 29, 2021

In 2001, when a disgruntled researcher is believed to have killed five people by mailing deadly anthrax spores it was Fort Detrick that was the origin of the lethal material. 

However, the network of secretive US biowarfare laboratories is also infamous for safety violations and accidents. In August 2019, Fort Detrick was shut down abruptly for several months when its wastewater decontamination process failed. 

https://sputniknews.com/columnists/202107261083464841-whos-afraid-of-fort-detrick-probe/

by Finian Cunningham

An international online petition calling for an investigation into a US military laboratory and the possible origin of Covid-19 was hacked at the weekend. The hackers were reportedly based in the US.

Fort Detrick in Maryland is the center of American biowarfare research. It is just one of the hundreds of such infectious disease laboratories located across the United States. During the Cold War, Fort Detrick was the main site for experimenting with lethal pathogens, including viruses causing deadly influenza.

In 2001, when a disgruntled researcher is believed to have killed five people by mailing deadly anthrax spores it was Fort Detrick that was the origin of the lethal material. 

A sign on the door of a Biosafety Level 4 laboratory at the U.S. Army Medical Research Institute of Infectious Diseases in Fort Detrick, Md., Wednesday, Aug. 10, 2011.

© AP Photo / Patrick SemanskySuspect No.1: Why Fort Detrick Lab Should be Investigated for Global COVID-19 Origins Tracing

However, the network of secretive US biowarfare laboratories is also infamous for safety violations and accidents. In August 2019, Fort Detrick was shut down abruptly for several months when its wastewater decontamination process failed. 

It is not unreasonable to call for an investigation into the practices and records at the Maryland center to ascertain if it had any connection to the Covid-19 pandemic which has so far killed over four million people worldwide and more than 600,000 in the United States alone.

Of course, American politicians and media dismiss the appeal as “disinformation” put out by Russia and China. Americans have accused China of being the origin of the pandemic after the first cases of Covid-19 were detected in the city of Wuhan at the end of 2019. More sinisterly, the Wuhan virology institute has been fingered as the source of the virus even though an international survey by the World Health Organization concluded such a release was “extremely unlikely”. 

Scientific consensus contends that the virus evolved naturally and was most likely transmitted to humans from animals. 

US President Joe Biden has given credibility to the conspiracy theory unleashed by his predecessor Donald Trump that the Wuhan laboratory was the origin of the Covid-19 virus. Biden has tasked his intelligence agencies to look into the claims. They are due to report back on their findings next month. Washington berates China for not being transparent about its laboratory and is demanding that Beijing open up its facility for inspection. The Americans claim China was not fully open with WHO investigators who cleared the lab as not being the origin of the virus. 

But two can play that game. If the Americans accuse China and demand an investigation into secret laboratories then why can’t China level the same at the US?

It is still not known where the Covid-19 pandemic originated. It may take years to determine that. But what is certainly hindering an answer is the politicization of the disease. Washington is using it to smear China while hypocritically suppressing any questions about its own conduct. 

FILE - In this March 19, 2020, file photo laboratory scientist Andrea Luquette cultures coronavirus to prepare for testing at U.S. Army Medical Research and Development Command at Fort Detrick in Frederick, Md., where scientists are working to help develop solutions to prevent, detect and treat the coronavirus

© AP Photo / Andrew HarnikFILE – In this March 19, 2020, file photo laboratory scientist Andrea Luquette cultures coronavirus to prepare for testing at U.S. Army Medical Research and Development Command at Fort Detrick in Frederick, Md., where scientists are working to help develop solutions to prevent, detect and treat the coronavirus

The early cases of Covid-19 were detected in Wuhan. But who is to say that cases may have existed elsewhere but were simply not detected and reported in other countries? The US had an unprecedented surge in influenza deaths in 2019 before the Wuhan cases. Were some of these misdiagnosed as flu instead of Covid-19?

Fort Detrick has a notorious history of safety failures. It works on a wide range of biowarfare pathogens with little public oversight. And it was shut down in mid-2019 for reasons that are not clear to the public. 

It is therefore reasonable for China to demand a probe into the American facility. This is not just a matter of “counter-propaganda” to turn the tables over American speculation about the Wuhan institute. There are empirical grounds for suspecting Fort Detrick as possibly having a role in the origin of the pandemic. 

An online petition was started in China earlier this month demanding the WHO launch an investigation into Fort Detrick. It had gathered over 10 million signatures when the online site was hacked into at the weekend. Apparently, the petition was defended by its cybersecurity system and continues to operate. 

According to Chinese reports the hackers were identified as having computer server addresses located in the US. If that is confirmed then the suspicions around the murky practices of Fort Detrick become more acute. It looks like the Americans are afraid to permit a probe into the site, even though they make high-handed accusations and demands on China over tenuous claims about Wuhan. 

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Biden’s deal to end the US combat mission in Iraq is just window dressing to give the illusion of an end to that ‘forever war’ — RT Op-ed

Posted by M. C. on July 29, 2021

Anyone pretending that America’s lingering and unwanted presence in Iraq is an act of altruism and benevolence dedicated solely to counter-terrorism is deluded. The 30-year history of its contemporary role in the country which involved two outright wars, the latter an illegal invasion, glaringly suggests otherwise. The existing façade that they are there to “defeat ISIS” is a painfully out-of-date distraction, not least when the rise of ISIS was a consequence of America’s intervention in the country in the first place.

https://www.rt.com/op-ed/530376-us-combat-mission-iraq/

Tom Fowdy

Tom Fowdy

is a British writer and analyst of politics and international relations with a primary focus on East Asia.

Washington’s agreement to cease ‘direct fighting’ is a long way from a troop withdrawal. The reality is, America has no intention of pulling out of Iraq anytime soon as it is far too important to their real aim of containing Iran.

Iraq is a nation steeped in American controversy, epitomising the country’s catastrophic 21st century obsession with ‘regime change’. One wonders when America will cut its losses and leave the Middle East nation alone. Recently, there’s been some hope they might withdraw, with the Biden administration appearing to sympathise with the growing political sentiment against ‘forever wars’. Following a visit by Iraqi Prime Minister Mustafa al-Kadhimi to DC, Washington and Baghdad on Monday signed a deal to “end” the US combat mission in Iraq by the end of this year. But, as ever with American military intervention, many questions still remain.

The devil, of course, is in the details. The headline sounds great, but actually US forces won’t leave the country and don’t commit to either. They simply cease directly “fighting” ISIS and “remain” in an advisory capacity. The White House refused to comment on any potential “troop withdrawals” accordingly. If it wasn’t obvious, the Iraqi government have been wanting America out for a long time and its parliament even passed a motion to do so following the assassination of Iranian General Qassem Soleimani last year, but Washington refused to budge, with Trump pushing threats of sanctions. But it’s not like they were ever invited in the first place. One must question accordingly, does this deal actually mean anything at all? Are we going to keep pretending ISIS is the real reason America is there? And given the US happily uses its own capabilities within Iraq to attack Iranian targets at will, what is changing here?

Anyone pretending that America’s lingering and unwanted presence in Iraq is an act of altruism and benevolence dedicated solely to counter-terrorism is deluded. The 30-year history of its contemporary role in the country which involved two outright wars, the latter an illegal invasion, glaringly suggests otherwise. The existing façade that they are there to “defeat ISIS” is a painfully out-of-date distraction, not least when the rise of ISIS was a consequence of America’s intervention in the country in the first place. The real reason the US is there is simply to contain Iran. Also on rt.com Biden says US ‘combat mission’ in Iraq will be over by year’s end, but won’t say how many troops to remain deployed

The mainstream media have largely reacted to this deal claiming that a US withdrawal could expand “Iranian influence” in the country and over Iraq’s government, as if it is just Tehran that wants the “Americans out” as opposed to it being an authentic sentiment within the country. Yet this is a dishonest interpretation of events. Anyone who knows Middle East politics in detail will see that Iran is not exercising “malign influence” over Iraq, but the two countries have a natural affinity for each other on the fact they are both majority Shi’ia Muslim nations and are linked by history. It is ironic on behalf of the US that when Saddam Hussein was in Baghdad, he led a Sunni minority dictatorship who sought to play down sectarianism through wielding secular Arabist nationalism. He even went to the desperate length of going to war against Iran to thwart the Islamic revolution’s influence on his country after 1979.

This reveals the biggest problem with what America has done to Iraq, underscoring its brainless approach to the rejection and an obsession with getting the best of both worlds. By illegally invading Iraq, dumping Saddam’s Ba’athist regime and striving to build a utopian democratic project in its own image, Washington gifted the Shi’ia majority control of the country. They then naturally choose to pursue a closer sectarian and economic relationship with Iran. This brought about religious conflict, triggering the rise of ISIS out of Al-Qaeda, as disgruntled Sunni resistance forces found traction in the country’s poorer north. Iraq remains a chronically unstable country and America is part of the problem.

Yet despite the sectarian strife and the instability that continues to place Iraq in turmoil, both Sunnis and Shi’ias are united in their wish to simply see the US leave. It is only the Kurds in the North, who see the US presence as a route to securing their autonomy, who want the Americans to remain. The United States has already long overstayed its ‘welcome’. Its presence in Iraq is an occupation, one which the sovereign government has no leverage to reverse. It lingers there not because there is a mission to defeat terrorism, but because the US wants to maintain an unlimited right to bomb Iranian targets and militias as part of its regional proxy conflict against Tehran. Also on rt.com Washington denies its top envoy discussed withdrawal of troops from Iraq with Prime Minister Kadhimi

This is an unjust arrangement, with Washington believing it has more of a right to be an intruding presence in Baghdad than Tehran itself does. What we see here is a face-saving deal to supplement an Iraqi prime minister who is suffering under widespread anti-American pressure and frequent social unrest. But there is no substance to the deal, the US doesn’t really commit to anything, only saying it will stop fighting a terrorist force long since defeated. It’s not an exit, it’s simply window dressing and doesn’t alter the reality that the United States maintains an unwanted presence in Iraq and will continue to use it how it sees fit.

Biden talks the talk on withdrawing from various Middle East conflicts, but there are serious questions concerning whether he will ever actually live up to it in practice.

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What Happens When the Government Breaks Its Own Laws? – LewRockwell

Posted by M. C. on July 29, 2021

What they will never acknowledge is that these schemes are concocted to make the FBI look like heroes who swooped in to save the public at the last minute.

https://www.lewrockwell.com/2021/07/andrew-p-napolitano/what-happens-when-the-government-breaks-its-own-laws/

By Andrew P. Napolitano

In October of 2020, 14 people were arrested in Michigan and accused of being participants in a plot to kidnap Gov. Gretchen Whitmer. The governor had imposed draconian restrictions on religious, travel and commercial activities as a means, she claimed, to stem the spread of COVID-19. All of her restrictions were eventually found by courts to be unconstitutional under both the Michigan and the U.S. Constitutions.

Sixteen plotters were supposedly planning to try the governor in a makeshift court and, if convicted, to impose some sort of punishment. Before the plotters could spring into action, the FBI arrested 14 of them. Two plotters were not arrested since one of them was a paid FBI informant and the other was an undercover FBI agent.

In pleadings filed in federal court last week, the defendants revealed that the FBI enticed, cajoled and manipulated them into this plot, and even trained them and paid their expenses.

Can the government get away with planting the seeds of a crime in the minds of innocent folks, providing them with the means for the crime, arresting them before the crime takes place and then charging them with a crime that never occurred?

Here is the backstory.

The FBI has perfected the art of the sting. In the years immediately following the attacks on 9/11, FBI agents regularly found young Arab American males in the U.S. who were essentially loners, disenchanted with life, and talked them into fantastic plots. The FBI supplied what the loners thought were explosives — for the New York City subway system and the Brooklyn Bridge, for example — and then heroically arrested them before the inert explosives could be detonated.

See the rest here

Andrew P. Napolitano [send him mail], a former judge of the Superior Court of New Jersey, is the senior judicial analyst at Fox News Channel. Judge Napolitano has written nine books on the U.S. Constitution. The most recent is Suicide Pact: The Radical Expansion of Presidential Powers and the Lethal Threat to American Liberty. To find out more about Judge Napolitano and to read features by other Creators Syndicate writers and cartoonists, visit creators.com.

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The Moment Wall Street Has Been Waiting For: Retail Is All In | ZeroHedge

Posted by M. C. on July 29, 2021

Old hands on Wall Street have been wary of being bearish for one reason, and no, it’s not the Federal Reserve: the old hands have been waiting for retail–the individual investor– to go all-in stocks. After 13 long years, this moment has finally arrived: retail is all in.

If you doubt this, just look at record highs in investor sentiment, margin debt and the Buffett Indicator (see chart below). Current valuations are so extreme that the previous extreme in the 2000 dot-com bubble now looks modest in comparison.

https://www.zerohedge.com/markets/moment-wall-street-has-been-waiting-retail-all

by Tyler DurdenThursday, Jul 29, 2021 – 06:54 AM

Authored by Charles Hugh Smith via OfTwoMinds blog,

The ideal bagholder is one who adds more on every downturn (buy the dip) and who refuses to sell (diamond hands), holding on for the inevitable Fed-fueled rally to new highs.

Old hands on Wall Street have been wary of being bearish for one reason, and no, it’s not the Federal Reserve: the old hands have been waiting for retail–the individual investor– to go all-in stocks. After 13 long years, this moment has finally arrived: retail is all in.

If you doubt this, just look at record highs in investor sentiment, margin debt and the Buffett Indicator (see chart below). Current valuations are so extreme that the previous extreme in the 2000 dot-com bubble now looks modest in comparison.

I have my own sure-fire indicators for when retail is all-in. One is my Mom’s financial advisor recommends shifting her modest nest-egg out of safe bonds into the go-go stocks that are topping out. Back in late 1999, it was Cisco Systems and the other dot-com leaders, today it’s the FANGMAN stocks. Sure enough, my Mom just informed me her advisor recommended moving money from bonds into a FANG-dominated stock fund. Bingo, we have a winner.

Second indicator: average people who have never traded stocks are all-in and supremely confident they can’t lose. When 20-year college students are trading based on a “genius” 22-year old friend’s advice, retail is all-in. When a worker cleaning a wooden deck pauses to put $100,000 in a company he knows nothing about (yes, true story), retail is all-in.

Much is made of meme stocks, but the real driver of retail going all-in is the complete collapse of risk / moral hazard: the Fed will never let the market go down is not a meme, it is an article of secular faith, supported by 13 long years of ceaseless Fed intervention / stimulus, all in service of elevating the stock market.

Since all evidence supports this secular religion–stocks never go down because the Fed will never let them go down–the trick is to rotate into the next blow-out winner or buy the dip in Big Tech or a meme stock. And since something is always shooting up like a rocket, the way to become a millionaire is to simply buy what’s hot and buy the dip.

In this secular religion, nothing else matters, all the old stuff is just a distraction: price-earnings ratios, valuation, cash flow, future earnings–none of that old stuff matters. Technical analysis is also a waste of time: just buy the dip and rotate into what’s hot, and the millions just pile up on their own.

Every generation that experiences a speculative mania feels it’s unique. This is the pattern that repeats. The confluence of forces driving the mania to unprecedented heights is so obviously unique and uniquely powerful that it is literally crazy not to grab a board and ride the wave to riches.

What the newly minted millionaires don’t understand is they’re the marks and bagholders. Wall Street has been patiently waiting for retail to go all-in so the pros can sell all the over-valued stocks to the euphoric, trusting retail traders, who will continue to buy the dip and rotate into the next hot meme-stock until their fortunes have dwindled to spare change.

The con requires euphoric confidence that stocks only go up forever, and every retail trader is confident in their ability to ride the wave to riches. We’re finally at that summit of euphoric confidence, where faith in the Federal Reserve is literally a religious experience.

Robbing Hoods going public is a scriptwriter’s touch. (Forgive me if I got the name wrong, I’m working from memory.) Stocks never go down is absolutely true, take it to the bank, until they do. Every share of stock ends up in somebody’s account, and the ideal bagholder is one who adds more on every downturn (buy the dip) and who refuses to sell (diamond hands), holding on for the inevitable Fed-fueled rally to new highs.

That’s how accounts are destroyed, and the wreckage isn’t just financial. The scars of being a bagholder can last a long time. But Wall Street is patient, and a new crop of bagholders eventually catches Fed Fever, and the transfer of over-valued equities to a new generation of bagholders will play out according to the same script.

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Erie Times E-Edition Article-Transportation aid report may spur debate

Posted by M. C. on July 29, 2021

The report comes amid a stalemate over increasing funding for highway construction in Pennsylvania, and as states increasingly experiment with a vehicle-miles-traveled fee to replace long-stagnant gas tax collections.

This means tracking YOUr mileage, tracking YOU, where YOU go and HOW FAST YOU were going. Google maps knows the speed limit on the road you are on, so does the government. Your car likely already has a GPS transmitter. The government could make you install a Progressive Insurance style driving monitor.

Insurance companies and the state likely already have a data buying plan worked out.

https://erietimes-pa-app.newsmemory.com/?publink=01adb4f36_1345e4d

Marc Levy ASSOCIATED PRESS HARRISBURG – A transportation funding commission is preparing to recommend how to raise billions more dollars in Pennsylvania for a 21st-century highway system, a report that will land at a politically touchy time and is expected to kick off a debate that could last years.

The report, expected this week from the Transportation Revenue Options Commission, was ordered by Gov. Tom Wolf in March to find ways to replace Pennsylvania’s gas tax.

It is expected to contain a blend of shorter-term and longer-term recommendations, including corridor tolling, goods delivery fees and higher vehicle fees and taxes, but the primary revenue-raiser will be a vehicle-miles-traveled fee that likely would take years to roll out.

The report comes amid a stalemate over increasing funding for highway construction in Pennsylvania, and as states increasingly experiment with a vehicle-miles-traveled fee to replace long-stagnant gas tax collections.

Federal statistics show vehicles are traveling more miles, but those vehicles are increasingly fuel-efficient, and more motorists are increasingly driving all-electric vehicles.

States are up against a deadline of sorts, with Ford and General Motors making major investments in electric vehicles and planning to substantially shift their fleets to all-electric vehicles by 2030 or 2035.

House Appropriations Committee Chairman Stan Saylor, R-York, said it is a difficult time to raise taxes and fees, as the economy rebounds from the pandemic, and he predicted no action by the Republican-controlled Legislature on the plan before 2023, at the earliest.

‘I don’t think it will be received well at at all right now,’ Saylor said.

He also questioned whether it will be necessary for a vehicle-miles-traveled fee to be imposed nationally, rather than state-by-state, and whether a federal infrastructure measure being discussed in Congress may lift some of Pennsylvania’s funding burden.

However, Rep. Mike Carroll, D-Luzerne, the ranking Democrat on the House Transportation Committee, said it is better to be at the front of the line of states in making the change, rather than at the end.

It will take many months of education to get lawmakers to the point where they can embrace parts of the commission’s report, Carroll said.

‘A lot of it is aspirational, but it’s the conversation that needs to be had,’ Carroll said.

The report can expect strong support from labor unions and the highway construction industry.

But the report faces thorny politics in the Legislature.

Gene Barr, president and CEO of the Pennsylvania Chamber of Business and Industry, said business-to-business taxes or fees being contemplated in the commission’s report could hurt the state’s economy and start-up businesses.

One of those is a proposal being contemplated for a surcharge – say, $1 or $2 – on each parcel delivery.

‘My telephone lines blew up’ from unhappy constituents when that idea made the news, Saylor said.

The parcel-delivery surcharge – under consideration in Denver and New York City – reflects a shift to a delivery-based economy, powered by trucks that are putting more stress on highways and local roads, said Bob Latham, executive director of the Associated Pennsylvania Constructors, a trade association of firms involved in all aspects of highway construction.

Meanwhile, Senate Republicans are attempting to halt a plan by Wolf’s Department of Transportation to toll up to nine major bridges.

PennDOT said the money is needed to fund badly needed upgrades at a time when the state’s current highway and bridge budget for construction and maintenance is about $6.9 billion per year, less than half of the $15billion that is needed to keep Pennsylvania’s highways and bridges in good condition and ease major traffic bottlenecks.

Senate Transportation Committee Chairman Wayne Langerholc, R-Cambria, suggested that backing off the tolling plan – and adopting his suggestion to borrow the money – might engender some good will from his caucus.

And while he called transportation ‘woefully underfunded,’ he also said there is an appetite in the Legislature for reform – not necessarily for higher taxes – and that PennDOT will need to take a hard look at its own administrative costs while lawmakers consider overhauling the state’s highway maintenance funding formula.

‘Their big hope is to use this mileage-based user fee to offset the gas tax, but that’s just not the simple answer,’ Langerholc said. ‘There needs to be a holistic solution to this, everything across all levels needs to be looked at.’

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Shrinkflation, Inflation’s Sneaky Cousin, Is on the Rise | Mises Wire

Posted by M. C. on July 29, 2021

What is causing this increase in shrinkflation? Well, since shrinkflation is in fact a form of inflation, the short answer is that the same factors have caused inflation. As you may already be aware, many are blaming shortages and disruptions in the supply chain for the recent increases in inflation, but that hardly explains the whole story.

https://mises.org/wire/shrinkflation-inflations-sneaky-cousin-rise

Inflation has been on the rise for the past year and in the last few months it has accelerated. In June 2021, inflation, measured by the Consumer Price Index (CPI), hit the highest level since 2008. By inflation, economists refer to the increase in the general level of prices, which means that prices on average are increasing. The Bureau of Labor and Statistics (BLS) has a basket of goods and services that it tracks and uses to create a measure of the CPI. While inflation is the topic of the day in the news media and everyday conversations, many have not heard about its sneaky cousin, shrinkflation.

The term shrinkflation, is credited to British economist Pippa Malmgren, and refers to the shrinking weight of the products while the price for the package remains the same. This is in effect another form of inflation, since the per unit price of goods increases when products shrink. However, shrinkflation is trickier, since most consumers do not notice it (see here for a few examples of shrinkflation). Shrinkflation is an ongoing process, but we are seeing more of it in the past year, and especially the first half of 2021, as businesses scramble to catch up with increasing costs of production. Shrinkflation is so widespread today that there is a dedicated Reddit page for it.

Many complain about businesses resorting to shrinkflation and regard it as a sneaky way to increase prices. Yet many of the critics do not realize that businesses have no choice but to increase prices. Anyone who is paying attention to prices in the first half of 2021 will know that it is not only the price of consumer goods that it is increasing but also the prices of producer goods. In other words, the inputs used in the production of the goods we consume, including labor, have been getting more expensive. Consequently, businesses in a fight to maintain their profit margins have resorted to increasing prices or shrinking the size or weight of their products.

Normally, the BLS accounts for the weight of the products it tracks, which would allow them to account for shrinkflation, but as the Washington Post reports, the BLS has not been able to do this very well during the pandemic. This means that the current inflation measure, as measured by CPI, is most likely underreporting the extent of current inflation.

What is causing this increase in shrinkflation? Well, since shrinkflation is in fact a form of inflation, the short answer is that the same factors have caused inflation. As you may already be aware, many are blaming shortages and disruptions in the supply chain for the recent increases in inflation, but that hardly explains the whole story.

The two main candidates to blame are the Fed and the government. The Fed has printed tremendous amounts of money, which has led to the doubling of its balance sheet since March 2020. This is in fact what inflation is, and this is the cause of what we normally refer to as inflation, which, to be more accurate, is price inflation. In general, we know that the more money we print, holding all else equal, the more inflation we will get, and that is part of what we are seeing now. On the other hand, we have had the federal government spend money at record levels for a peacetime period. This also has led to an increase of demand beyond what one would expect in the circumstances we have been in since spring of 2020. For example, retail sales have increased rapidly and have been above trend since late 2020. While some of this can be seen as catching up after the decrease we saw in the second quarter of 2020, it is definitely gone beyond catching up, as is clear from the graph below. Government spending has become a topic of concern even for mainstream economists like Larry Summers, who is now worried about the economy overheating because of it.

Retail Sales

Lastly, while the supply chain disruptions are blamed on covid-19, it is the lockdowns instituted by governments, in the US and other countries, that are the main culprit behind these supply chain disruptions. The problem with the lockdowns was that they completely ignored the cost-benefit analysis by arbitrarily determining what constituted an essential business and what did not. As you may well know, one can ignore the laws of economics, but not their consequences, and we are now suffering the consequences of these arbitrary lockdowns. The million-dollar question today is, How long will this rising inflation and shrinkflation last? The Fed insists that this inflation is transitory, but many, including BlackRock’s CEO, are concerned that this may not be the case. With the inflation data from June, we have some evidence that inflation may be more than transitory. As can be seen from the graph below, the transitory portion of inflation (base effects) was expected to retreat for June (the bar after the dashed line), but CPI advanced beyond the increase in May (reflected in the green portion of the bar added to the predicted June CPI by Oxford Economics).

US Headline CPI Inflation
  (The graph is modified to show the actual CPI change for June, by adding the green portion of the bar.)

Hence, with all the money that the Fed has printed and is continuing to print, and the increased spending by the federal government, we may well end up seeing higher inflation over the next few years. Whether this will happen or not remains to be seen, but one thing is for sure: the shrinking size and weight of the products is here to stay and it will only get worse as inflation pressures continue to worsen. Author:

Klajdi Bregu

Dr. Klajdi Bregu is an assistant professor of economics at IU South Bend’s Judd Leighton School of Business and Economics and a fellow at the Center for Market Education. Prior to his appointment to the Leighton School faculty, Dr. Bregu taught at the University of Arkansas. He has published research in the Journal of Economic Dynamics and Control and the Southern Economic Journal.

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Watch “Minnesota 4th Graders Are Told NOT To Tell Their Parents About ‘Equity’ Survey #Shorts” on YouTube

Posted by M. C. on July 28, 2021

https://youtu.be/DdZH4qDxFwM

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I Can’t Believe My Dad Liked THIS…His Playing is Insane!

Posted by M. C. on July 28, 2021

Joe Pass

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Another CDC Flip-Flop: ‘Put Your Mask Back On…Or Else!’

Posted by M. C. on July 28, 2021

After months of assuring vaccinated Americans that they no longer need to wear masks, the CDC has suddenly reversed itself and taken the country back to early 2020: everyone must wear a mask!

Masks Indoors? Including vaccinated? Kids too? Pitting Americans against each other so all can be controlled.

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