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Videos: Biden Celebrates ‘Inflation Reduction Act’ As Stock Market Tanks Due To Rising Inflation

It doesn’t get more Orwellian than this

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CNN and other news networks broadcast a split screen of Joe Biden ‘celebrating’ the passage of his ‘Inflation Reduction’ Act while the Dow Jones simultaneously tanked to its lowest point for two years on the news that inflation is still at record highs.

Watch:

The Dow Jones fell by over 1,200 points and the S&P 500 fell more than 4% on Tuesday following the August CPI report, which highlighted how inflation rose by 0.1% despite gas prices reducing slightly.

The inflation rate in August was 8.3% according to the report.

The report also found that wages are down 2.8% and energy prices surged 15.8%, the biggest rise in four decades.

Grocery prices are up 13.5% from last year and are at their highest for 43 years.

Some Americans can’t even afford to buy food and are turning to ‘buy now pay later’ desperation:

Yet the White House describes this as “welcome moderation”:

The Press Secretary also claims that the inflation report shows “progress in bringing inflation down.”

Did someone give her the wrong report?

No, she’s just flat out lying again:

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    Economy

    WEF Attendee Liz Truss Says British Economy “Needs A Reset” As Market Conditions Worsen

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    Zero Hedge

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    New British PM Elizabeth Truss has been touted by many including the mainstream media as a “far-right” politicianwith wide appeal to British conservatives. 

    This is fast becoming a prerequisite ideological position to take in Europe as the open border/socialist policies of leftist political leaders are leaving the EU in economic ruins and as they approach an energy based catastrophe not seen since WWII.

    Boris Johnson revealed himself to be nowhere near as conservative as many initially believed with his support of draconian covid mandates, stopping just short of enforcing vaccine passports but still requiring proof of vaccination for major venues.  All this while holding lavish parties at his official residence during the lockdowns he helped enforce.  Adding to the problem were Johnson’s tax increases in the midst of an inflationary crisis, which led to widespread public discontent and his eventual resignation.

    When Truss became a potential candidate to replace Johnson some in the alternative media warned that her ongoing associations with the World Economic Forum and attendance at Davos events might be a red flag of another political pretender playing at being conservative while actually serving the interests of globalist institutions.  This was, of course, called conspiracy theory by “fact checkers” in the MSM.

    It is a concrete reality that the new PM has been a participant in the Davos meetings held by the World Economic Forum, a central hub of globalism that acts as a think tank and propaganda mill where new narratives are born.  Specifically, the WEF is most known for its “Great Reset” mantra, which is part of founder Klaus Schwab’s “4th Industrial Revolution” concept.  A key focus of the Great Reset is something called the “Shared Economy,” which is described as the complete erasure of private property and the implementation of communist-like governance over individual economic participation.    

    The Shared Economy is the source of the phrase “You will own nothing and be happy,” which actually comes from an article written by the WEF and published by Forbes Magazine titled ‘Welcome To 2030: I Own Nothing, Have No Privacy And Life Has Never Been Better.’

    Far from being a “conspiracy theory,” the Great Reset is commonly presented by the WEF as the ultimate end game – An agenda, not just an idea.  This has rightly caused concern among the public, because many WEF concepts that are presented at Davos end up being adopted by major governments and instituted into law.  And, many Davos attendees tend to climb the political ladder rather quickly into positions of significant power.

    Any legitimate conservative leader or candidate would therefore know about globalist terminology such are the term “Reset” and try to avoid using it at all costs. 

    No right wing leader would want to be associated with a globalist agenda that the majority of conservatives would rather go to war against.

    It could be taken as a limited gaff or mistake, but Truss’ recent use of the term raises eyebrows considering her past affiliations with the WEF.  She states that:

    “We believe in making it easier for our wealth creators, doers and makers to get things done…

    Britain’s economy needs a reset. We cannot continue on the current trajectory of managed decline. Instead, we must take a new direction. I will lead us down that path to a better future.”

    This comment was made not long after Truss addressed the plunge of the Pound and the near bankruptcy of the UK pension system.  

    A key requirement built into any economic “reset” would be the collapse of the old model.  Truss might simply be describing what is likely to happen rather than what she wants to happen, but she does present the concept of a reset as a solution, and not as a threat.  Meaning, she should be watched carefully by conservatives. 

    This post was originally published at Zero Hedge

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    Economy

    German Government Thinks Russian Gas Pipelines Could Have Been Deliberately Sabotaged

    Either Ukrainian attack or a Russian false flag.

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    picture alliance via Getty Images

    Tagesspiegel newspaper reports that a sudden loss of pressure in three natural gas pipelines between Russia and Germany is likely to have been a “targeted attack” carried out by either Russia or Ukraine.

    Pressure in the Nord Stream 2 undersea gas pipeline dropped from 300 to 7 bars on Sunday night, followed by a similar occurrence in Nord Stream 1’s on Monday afternoon.

    The sudden drop of pressure in the Nord Stream 2 pipeline may also have caused a gas leak near the island of Bornholm in the Baltic Sea, a situation being monitored by Danish authorities.

    An anonymous source told Tagesspiegel that German authorities “can’t imagine a scenario that isn’t a targeted attack,” and that their assessment has concluded, “Everything speaks against a coincidence.”

    The attack had to be deliberate because it would have been carried out by special forces, navy divers or a submarine which were able to reach the bottom of the sea.

    The German government believes Russia could have sabotaged its own pipelines as a “false flag” attack to blame it on Ukraine and drive EU energy prices even higher, an outcome that would pile more pressure on European governments.

    The attack could also have been carried out by “Ukraine-affiliated forces” to weaken Russia’s critical infrastructure.

    “We are in the process of clarifying the situation here,” a government spokeswoman for the federal ministry of economics told the newspaper. “We don’t currently know what caused the pressure drop.”

    Nord Stream 2 was recently completed and was set to “double the volume of gas flowing from Vyborg, Russia, under the Baltic Sea to Germany,” the Guardian reports.

    Large protests have taken place in major European cities in recent weeks, with demonstrators urging their governments to accept Russian gas to alleviate the cost of living crisis.

    “Nord Stream 2 has been literally just sitting there jam-packed with gas ready to be turned on at any moment and deliver billions of dollars worth of dirt cheap Russian gas every year,” writes Chris Menahan.

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    Economy

    German Foreign Minister Says Support For Ukraine Will Continue “No Matter What Voters Think”

    War will be prolonged at the expense of her own citizens.

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    Despite soaring energy prices that threaten the stability of the country, Foreign Minister Annalena Baerbock said she would continue to support Ukraine “no matter what German voters think.”

    Baerbock made the remarkable comments during an event in Prague yesterday organized by the NGO Forum 2000.

    “If I give the promise to people in Ukraine – ‘We stand with you, as long as you need us’ – then I want to deliver. No matter what my German voters think, but I want to deliver to the people of Ukraine,” she said.

    The German official said that such an approach would not change even if large numbers of people were out in the streets protesting against crippling energy bills.

    “We are facing now wintertime, when we will be challenged as democratic politicians. People will go in the street and say ‘We cannot pay our energy prices’. And I will say ‘Yes I know, so we help you with social measures.’ But I don’t want to say ‘Ok then we stop the sanctions against Russia.’ We will stand with Ukraine, and this means the sanctions will stay also in wintertime, even if it gets really tough for politicians,” said Baerbock.

    The comment is a fairly stunning admission that world leaders are intent on prolonging the war for as long as possible, no matter how much it harms the countries they are supposed to represent.

    Germans face one of the worst cost of living crises in Europe, with governments arranging ‘warm up spaces’ in major cities where people who can’t pay their bills will go to avoid freezing to death, with blackouts expected.

    Citizens have already exhausted supplies of electric heaters, firewood and stoves in many areas as they prepare for energy rationing this winter, while inflation in Germany just hit its highest level in almost 50 years.

    Those planning to protest against the situation have also been demonized as domestic extremists by the authorities.

    As we reported last month, the interior minister of the German state of North Rhine-Westphalia (NRW), Herbert Reul (CDU), outrageously suggested Germans who may be planning to protest against energy blackouts were “enemies of the state” who want to overthrow the government.

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