NC Renegades

If you do not watch the entire video, at least start at 7 minutes 15 seconds.

Mom of student removed from class for Gadsden flag patch says school violated 1st Amendment rights

Russia has shifted its nuclear-capable Sarmat missile complex to combat mode, according to Yury Borisov, the head of Roskosmos, the country’s space agency.

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“The new complex has the highest tactical and technical characteristics and is capable of overcoming all modern means of anti-missile defense. It has no analogues in the world and won’t have for a long time to come,” Putin said at the time.

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     “Joe Biden” will be removed most likely by his own party before an impeachment inquiry can be launched in Congress. Not even The New York Times and CNN would able to ignore the horrific spectacle and the party’s own minions might be shamed into learning how they were hosed for so many years. The unseen hands that jammed “JB” into the White House can then figure out what to do about the hapless Kamala Harris while Congress turns its attention to impeaching Merrick Garland, Christopher Wray, Alejandro Mayorkas, and Xavier Bacerra. At least that’s how it might work if the USA was a sane polity.

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   Speaking of happenings this autumn, expect the war in Ukraine to come to an end. The news media might omit to inform you about this, but it awaits. Russia will not trumpet its victory, so as to avoid inflaming America’s crazed neo-cons. Rather it will just quietly take charge of its successfully neutralized neighbor, make provision for some sort of administration over what remains of the rump state — in a way that affords Russia a sense of permanent security — at the same time that Russia commences new negotiations separately with several European nations to reestablish realistic relations.

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     If you think that these various momentous happenings won’t affect the financial markets and the banking system in the coming season, prepare to be amazed. This is how America truly gets to feel the pain, and this might be how the pitchforks finally come out for the people who wrecked our country.

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Update: I am sorry to say that I now believe this is a staged video. Based on the reflection in the beginning on the driver’s window and comments on YouTube, it seems that my desire for a return to past values overrode a critical eye for the truth. Looking back, the amount of money did seem a lot to be giving someone whose history was unknown.

What does that say about law enforcement that makes such a video?

Unfortunately, it gets much worse, because while the Establishment Survey only looks at jobs quantitatively, the Household Survey (which again was stronger this month) also looks at the quality of jobs gained or lost, and specifically it breaks down the jobs into full-time and part-time jobs (Source: Table A-9).

Well, one look at this month’s adjustment and it’s literally a shocker: you will not hear anyone from the Biden admin or associated economist cheerleaders mention this, but the BLS reported that in August the number of full-time jobs dropped again, sliding by 85K to 134.2 million, and followed the whopping 585K plunge in July which brings the two-month total drop in full-time jobs to a whopping 670K, the biggest 2-month plunge since the covid lockdowns in early 2020 when 12.5 million full-time jobs were lost in one month!

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But wait, there’s more: as we noted last night, the August payroll is a made-up number almost entirely driven by the Seasonal Adjustments, and as SouthBay Research notes, in August, the Seasonal Adjustment created 159K of the 179K Private Payroll growth. 90% of the total.

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This is a comment from an article on Zerohedge concerning recession and the price of gold:

That’s why no one is working.  The oligarchs think no one realizes that they pay slave wages.  But even the kids do.  $16.00 an hour for Stop and Shop.  What is 2% of that sixteen bucks? $ 0.32   per hour.  How much cheaper can they get?  The only thing cheaper is slave labor and they have that in China.  What with import costs American unskilled may be a better value for WHAT AMOUNTS TO SLAVE DRIVERS.  Rentiers get richer as the working poor get homeless.  This is what the America the government is creating.

Cpriestess

Source

Unemployment Rate Unexpectedly Surges As BLS Revises Payrolls For Every Month In 2023 Sharply Lower

Ahead of today’s payrolls report consensus was already ugly enough, with some of the largest banks expecting a number well below expectations (JPM was at 125K, Citi at 130K, Goldman at 149K vs median consensus of 170K). And while moments ago we got a number which was at least nominally stronger than expected, the report in general was weak enough to suggest that – as we expected – the wheels are finally coming off the US labor market (as this week’s JOLTS report strongly hinted).

With that preamble out of the way, moments ago Biden’s BLS (Bureau Of Lies and Statistics) reported that in August, the US added 187K jobs, and beating the consensus estimate of 170K…

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But wait there’s more: while July was revised down by 30K from +187,000 to +157,000, June was revised even more, by 80,000, from +185,000 to +105,000, which means that a number that was originally reported as 209K has been reivsed 50% lower, to 105K and a collapse vs original expectations of 230K. Here, the BLS was proud to report that “with these revisions, employment in June and July combined is 110,000 lower than previously reported.”

In other words, we now wait for the August payrolls number to be revised sharply lower as well because that’s how Biden’s handlers roll.

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Have you heard about the two-tiered payroll system? Well, pull up a chair and let me explain it. Let’s start with the harsh reality from what used to be a respectable source:

An ‘average’ American income may no longer cut it

An average American income isn’t enough for a comfortable living in 2023, according to two recent reports. 

The typical U.S. family earns about $71,000 per year, according to the Census. Yet, the average American believes a family needs at least $85,000 in annual household income to get by, according to a recent Gallup poll.

More from The Hill

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Let’s look at the average salary for US government workers:

Do you see the two-tiered payroll system coming into focus. Looking at the above salaries, how many are actually providing a necessary service? The above does not include pensions and other benefits. Or getting back pay for no work during government shutdowns. Or “under the table” kickbacks from corporate donors or Ukrainian oligarchs. Start to think of the two-tiered payroll system as workfare vs. the working class.

A large percentage of the working class figured out during COVID that a legal paycheck was not worth paying taxes, daycare, gas or the rest of expenses related to work. They could stay home and collect government subsidies. In most cases, they made more than working. Those who made less than working were still happy to play video games and drink beer than having to work.

This paradigm transformed the entire working relationship between employers and employees. Employees told their employers that they were doing them a favor by showing up for work. Employers were at a disadvantage as the government sponsored labor shortage made the American work ethic evaporate. Employers had only bad choices: capitulate to employee demands, accept inferior service and production, reduce their operations or close down.

Median household income in the United States from 1990 to 2021(in 2021 U.S. dollars)

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Let’s consider inflation using the above chart’s base of $30,636 in 1990 for 2021:

Let’s consider inflation using the above chart’s base of $30,636 in 1990 for 2023:

If we believe that the government is not manipulating the facts, we have inflation of 12.8% over the past two years. Consider the impact on your savings for the future: 12.8% less due to inflation. We all know that true inflation is much higher.

But these exercises only apply to the lower tiered payroll. Who represents the upper tiered payroll recipients? Government, big business, social media and the undeclared working class. These looters are benefiting from inflation, the two-tiered justice system and illegal “benefits”. Who is the undeclared working class? Illegal aliens and people who think they went Galt. I am not judging those people who work under the table and do not pay taxes. They are the end result of the government’s malfaisance. I will judge them for overcharging their community for services without paying taxes. Going Galt does not mean looting from the looters (or working people). It means withdrawing your consent to support a system doomed to fail on the backs of the working class.

I went Galt and render unto Caesar his tribute which is minimal now in my case. I minimize the amount of goods and services that I use and do more myself or do without. It is amazing how much money can be saved by prioritizing your wants and needs in a Biblical sense. It is also amazing how money can be put into it proper perspective once its love is lost.

I am tired of the government lies and its consequences causing the demise of our culture’s honor and morality. As inflation increases the gap between the two payroll systems, our work ethic and quality will continue to deteriorate. My investment in tools, training and education are paying big dividends. My personal assessment of the value of a fiat dollar or a stock portfolio have also benefited me. I pray that other people also receive this discernment.

Many prognosticators are predicating the breakout of WWIII or the overdue economic collapse within the next two months. Whether I agree or disagree is moot since I have no impact on the future dictated by an lying, evil government. I hope that people have already recognized the lies and have minimized the impact of de-dollarization and a two-tiered payroll system designed to favor the elites and other associated looters.

David DeGerolamo

Catherine Austin Fitts is a legend that needs no introduction. She has an incredible amount of knowledge and experience, both as an investment banker and working in government, and then being prosecuted by the government (former Assistant Secretary of Housing) for trying to uncover and fight corruption. She is currently the publisher of the Solari Report.

I set up this conversation because I wanted to learn about the tactics that the criminal mafia posing as US federal and state governments are currently using against the people. We focus on the US, but many of my readers can probably recognize these tactics being applied all over the world. The goal of the criminal cabal is well advertised: “save the planet, reduce carbon” by which they mean “we need all the real assets and resources for ourselves, and fewer of you plebs around”.

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h/t Dan M.