(FREE) PAINE IN THE MORNING: What you need to know this Monday – July 18, 2022

Here’s what you need to know today, Monday – July 18, 2022.

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The Real Cost Of Inflation For Most Americans – The June inflation figure of 9.1 percent, up half a percentage point from last month and the highest since 1981, doesn’t tell half the story of how expensive life has become for Americans. The overall figure hides the fact that not all prices have risen uniformly and that products that have become especially expensive also happen to be the ones people usually can’t do without, such as food, fuel, and energy, according to the Consumer Price Index (CPI) data published by the Bureau of Labor Statistics (BLS).

Among foodstuffs, margarine and eggs prices hiked the most over the 12 months ending June, up over 34 and 33 percent respectively. Trailing behind were butter (up over 21 percent), flour (up over 19 percent), and chicken (more than 18 percent). Milk and coffee were up about 16 percent. – READ MORE

Food Banks Seeing Flood Of Families Despite Low Unemployment – Despite US unemployment approaching multi-decade lows, food banks across the country are working overtime as inflation has forced many to turn to charity in order to feed their families.

As overall CPI has soared to a 40-year high of 9.1%, skyrocketing food and energy prices in particular are squeezing tapped-out consumers, along with rapidly rising rents and an end to federal COVID-19 relief. – READ MORE

The Corporate Layoffs Have Started And Leftist Big Tech Is Leading The Pack –There are two major forces at work within the US economy today that pull in different directions but end up in the same place: These forces are price inflation caused by central bank stimulus along with supply chain instability and recession triggered by rising interest rates. Immense corporate and consumer debt also play a role, but this ties in directly with the interest rate issue.

In other words, we are looking at a classic stagflationary scenario amplified by years of fiat dollar printing by the Federal Reserve. The only element that has been missing is rising unemployment, until now. – READ MORE

Biden’s inflation costing every couple $6,800 this year – Joe Biden’s presidency is costing singles an extra $3,400 this year, and couples $6,800, a new report explains.

That’s in addition to the ordinary income and other federal taxes, and tax and fee increases that are being implemented. – READ MORE

Democrat Senator Throws Another Wrench Into Biden’s Agenda. Biden Is Not Pleased. – Sen. Joe Manchin (D-WV) announced opposition to key elements of a Democratic economic package — prompting an aggressive Friday statement from President Joe Biden.

Two sources told CNN that Manchin — even after months of negotiations with Senate Majority Leader Chuck Schumer (D-NY) — will “unequivocally” refuse to support Democratic legislation related to climate change and tax increases in an economic package. Biden responded by vowing to take action of his own. – READ MORE

Most Top Biden Officials Have 0 Years Of Business Experience – The Biden administration is led by lawyers, academics, and community organizers — but few business leaders, a report from the Committee to Unleash Prosperity recently revealed.

According to the conservative think tank, the top 68 individuals in the administration have spent an average of 2.4 years in the business world, with only one in eight boasting “extensive business experience.” The median length of business experience for Biden officials is zero years. – READ MORE

Nancy Pelosi Urges Support Of $50 Billion ‘CHIPS’ Bill Hours After Disclosing $8 Million Nvidia Stake – Oh, look: Nancy Pelosi is pushing legislation that stands to benefit her significantly thanks to a couple of brand new, multi-million dollar trades she has made.

Stop us if you’ve heard this one before…

This past week it hit the terminal that House Speaker Pelosi was doing a little portfolio re-jiggering, including exercising $8 million of call options in Nvidia and selling Apple and Visa calls. The data was per CongressTrading.com and was reported on by Bloomberg. – READ MORE

The baby-formula shortage is getting … worse? – A White House website didn’t solve it. Airlift flights from Europe didn’t fix it. Nine months after the New York Times first reported the shortages and three months after Joe Biden acknowledged he finally learned of it, retail inventory of baby formula dropped to its lowest level in July – READ MORE

Chilling Video: Ranchers Line Up for Miles, Forced to Sell Cattle as TX Dries Up –Hope shrivels day by day in west Texas as ranchers facing a drought are selling cattle out of desperation while fearing that the worst is yet to come.

Drought conditions are impacting 97 percent of the state according to Drought Monitor. Although farmers can, in theory, bring in hay from other areas to feed cattle, sky-high energy costs make it too expensive to transport hay. And so they are reducing the herds, according to Local Profile, which wrote, “Last week, USDA meteorologist Brad Rippey reported that 80 percent of Texas’ pastures were in either poor to very poor conditions.” – READ MORE

Dutch Dairy Farmer Faces Having To Cull 95% Of His Cows – In the Netherlands, dairy farmer Martin Neppelenbroek is near the end of the line.

New environmental regulations will require him to slash his livestock numbers by 95 percent. He thinks he will have to sell his family farm. – READ MORE

“We Are Not Slaves”: Farmers In Italy, Spain, & Poland Join Dutch Protests –Farmers in Italy, Spain and Poland have joined Dutch farmers in protest of ‘green’ government regulations that will decimate the industry by forcing them to reduce their use of nitrogen fertilizer compounds.

“We are not slaves, we are farmers,” said Italian farmers, who drove tractors through the streets of Milan and blocked city traffic. – READ MORE

Gardening Is a Hedge Against Supply Chain Disruptions – The first tomato you grow yourself will probably be the most expensive one you ever eat. The same is true of peppers, zucchini, carrots, and any other crops you raise. While costs do go down as you gain expertise and reuse tools and materials, your initial gardening efforts will be less a means of saving money than a commitment to a hobby. But it’s a rewarding hobby that builds skills, drives you a bit nuts, and offers you the means in uncertain times of supplying yourself and your neighbors with your favorite fruits, vegetables, and herbs.

Supply came home to me as an issue when there were no garlic bulbs to be found at the market. “The whole shipment came in rotten,” the produce manager told me. “It looked like it sat too long someplace.” – READ MORE

Major Study Confirms COVID Vaccines Alter Women’s Periods – Since Covid vaccines first became available more than a year and a half ago, women have been sounding alarms about the shots’ adverse effect on their menstruation.

For example, in an August 2021 article at The Grayzone that criticized the U.S. medical establishment’s failure to study the effects of the vaccines on women’s reproductive systems, Marcie Smith Parenti recounted disturbing experiences from her own circle of friends – READ MORE

The Feds Pile Up Vaccine ‘Adverse Event’ Reports As They Decry Scaremongering Elsewhere – Since the Food and Drug Administration authorized the first vaccines for COVID-19 in late 2020, the government and much of the media have insisted that the medicines developed in record time are safe and effective. Those who raised questions about them have been routinely dismissed as conspiracy theorists.

And yet an online database co-administered by the FDA and the Centers for Disease Control has compiled more than 1.3 million reports of vaccine-implicated “adverse events” running the gamut from mild to severe, including 29,000 deaths. – READ MORE