1.5 TRILLION SPENDING BILL/STAGFLATION

UN Chief Guterres: 'Ukraine on Fire,' Nuclear Conflict Again Possible. United Nations Secretary-General Antonio Guterres on Monday sounded the alarm over Russia raising the alert level for its nuclear forces after invading Ukraine, describing it a "bone-chilling development" for Ukraine, which is already "on fire."

"The prospect of nuclear conflict, once unthinkable, is now back within the realm of possibility," Guterres told reporters and repeated his call for an immediate cessation of hostilities

Russia's invasion of Ukraine that began on Feb. 24 has so far sent more than 2.8 million people fleeing across Ukraine's borders and trapped hundreds of thousands in besieged cities while triggering broad Western sanctions on Russia.

This is what the early chapters of an inflationary meltdown look like. Last week, we were informed that “consumer prices were 7.9% higher in February than a year ago”, and that was being touted as the highest figure “in 40 years”. If the inflation rate was still calculated the way that it was back in 1980, it would be over 15 percent right now. We are already experiencing the sort of painful inflation that Americans were forced to endure during the Jimmy Carter era of the 1970s, and now the war in Ukraine is going to completely change the game moving forward.

Last week, the average price of a gallon of gasoline in the United States rose 13 percent, and since this time last year, it is up 38 percent.

And now that the war in Ukraine is shifting the global energy crisis into overdrive, Americans are going to be feeling the pain of higher energy prices in a whole host of different ways…

Americans are facing sticker shock at gas stations across the country, but surging global energy costs are rippling through the economy in other ways, too: Airlines are scaling back on flights. Truckers are adding fuel surcharges. And lawn care companies and mobile dog groomers are upping their service fees.

One trucking company executive that was asked about this said that he has “never seen prices jump this high, this fast”…

“Customers really don’t want to hear it, but fuel prices are going through the roof so we’re having to charge more,” said John Migliorini, vice president of Lakeville Trucking in Rochester, N.Y., where diesel costs have nearly doubled to about $400,000 a month. “What choice do we have? I’ve never seen prices jump this high, this fast.”

1.5 trillion loaded with pork spending. Loaded with earmarks and special favors. It fact, this bill was passed in the dead of night. In fact, senators did not even have 24 hours to read it. We the public don’t even have 24 hours to read a 2,741-page bill.

The reason why you pass in the dead of night is that if some senators and the public see what is in the bill they will be disgusted.

It is a giveaway, giveaway after giveaway. What is in it? Get ready:
1. 1. 100 billion into the green new deal
2. 2. Substances for solar, wind turbines, and electric vehicles
3. 3. Welfare money
4. 4. Welfare for illegal immigrants
5. 5. More public housing for illegal immigrants
6. 6. More section 8 housing
7. 7. More foods stamps for illegal immigrants
8. 8. Funds border security for 8 countries around the world including Ukraine. Includes fencing and a wall for 8 countries, but nothing for our borders.

And on and on….

In economics, stagflation or recession-inflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment.

The term, a portmanteau of stagnation and inflation, is generally attributed to Iain Macleod, a British Conservative Party politician who became Chancellor of the Exchequer in 1970. Macleod used the word in a 1965 speech to Parliament during a period of simultaneously high inflation and unemployment in the United Kingdom. Warning the House of Commons of the gravity of the situation, he said: "We now have the worst of both worlds—not just inflation on the one side or stagnation on the other, but both of them together. We have a sort of 'stagflation' situation. And history, in modern terms, is indeed being made."[

Macleod used the term again on 7 July 1970, and the media began also to use it, for example in The Economist on 15 August 1970, and Newsweek on 19 March 1973. John Maynard Keynes did not use the term, but some of his work refers to the conditions that most would recognize as stagflation. In the version of Keynesian macroeconomic theory that was dominant between the end of World War II and the late 1970s, inflation and recession were regarded as mutually exclusive, the relationship between the two being described by the Phillips curve. Stagflation is very costly and difficult to eradicate once it starts, both in social terms and in budget deficits.