[DS] Prepares Their October Surprise, Patriots Have A Surprise Of Their Own For The [DS] – Ep. 3428
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Economy
Jobs data revisions have become the new normal.
After the numbers are released and beat expectations, the numbers are revised lower a month later.
By then, everyone is focused on the next jobs report.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) August 15, 2024
- 344,000 jobs in Q4 2023, according to the BED survey released by BLS. On the other hand, nonfarm payrolls data showed that the US labor market added 663,000 and 577,000 new jobs in Q3 and Q4 2023. This is a jaw dropping 1,088,000 difference in job count over just two quarters. The labor market is weaker than the headlines make it seem.
Is the US unemployment rate surge set to accelerate?
Historically speaking, the unemployment rate rises 0.5 to 1.0 percentage point increase over the first four months of a recession started.
So far this cycle, the unemployment rate has surged by 0.5 percentage points over the… pic.twitter.com/TPmJg5xLsl
— The Kobeissi Letter (@KobeissiLetter) August 16, 2024
- last 4 months to 4.3% in July, the highest since October 2021. If a mild recession hits, history says we could see the unemployment rate rise to over 6% by the end of 2025. The unemployment rate has already crossed above its 36-month moving average for the first time in 4 years. Every time this has occurred in the past, a spike in the jobless rate followed. The US labor market is weakening.
BREAKING: Lumber prices have declined to their lowest level since the 2020 pandemic, down 80% in 2 years.
Lumber is a leading indicator for the US housing market, global economic conditions, and inflation.
The rapid drop in lumber prices suggests that the US residential… pic.twitter.com/Ksc6aqczI0
— The Kobeissi Letter (@KobeissiLetter) August 15, 2024
- construction and home-improvement markets are sharply slowing. This has been reflected in new home construction data which plummeted in June toward a 4 year low. Additionally, single-family housing starts declined for their 4th consecutive month in June to a 1 year low. The housing boom is slowing.
BREAKING: Mortgage demand in the US has officially dropped again in August, near its lowest level since 1995, according to Reventure.
Mortgage applications to buy a house in the US declined by 8% year-over-year in August.
Furthermore, mortgage demand is current down ~50% from… pic.twitter.com/rKhwsNHCFc
— The Kobeissi Letter (@KobeissiLetter) August 15, 2024
- pre-pandemic levels. This is despite 30-year fixed mortgage rates recently falling nearly 100 basis points since May. Housing markets are entirely a supply narrative right now.
Recession indicator? https://t.co/Kl8yHPZvEf
— Wall Street Silver (@WallStreetSilv) August 16, 2024
This is incredible:
Warren Buffett's Berkshire Hathaway’s cash position relative to total assets spiked to 25.0% in Q2 2024, the most in at least 24 years.
The company's share of cash has more than DOUBLED in just 2 years.
To put this into perspective, the company’s cash pile… pic.twitter.com/LgMklJ5HcQ
— The Kobeissi Letter (@KobeissiLetter) August 14, 2024
- to total assets reached 24.5% in Q2 2005 and remained elevated until 2007. Cash, cash equivalents, and short-term Treasuries held by Berkshire Hathaway spiked by $88 billion to a new all-time high of $277 billion in Q2 2024. Is Buffett turning bearish?
Economic illiteracy. https://t.co/uULg4zD4ox
— Naval (@naval) August 15, 2024
Here comes the real Kamalanomics: price controls
To follow: mile-long lines for food, meat coupons, shortages, food black market. https://t.co/EGx0dQMhxY
— zerohedge (@zerohedge) August 15, 2024
- Soviet-style centrally administered price controls on food and grocery prices will form part of the federal economic proposals U.S. Vice President Kamala Harris will unveil Friday when she finally delivers an insight into her 2024 policies.
- Her address will mark the first time Harris offers a policy focused speech since she was anointed as the Democratic candidate in July and been roundly accused by critics since as being a policy-free zone, as Breitbart News reported.
- The Democratic nominee is promising to institute a first-ever national ban on price gouging and price-fixing within her first 100 days in office in an effort to deflect many voters’ low marks for President Joe Biden’s handling of the economy.
- Time magazine reports Harris plans to direct the Federal Trade Commission and other agencies to investigate and penalize “big corporations” that violate government rules in a mirror of Soviet command economy diktats.
Source: breitbart.com
- White House press secretary Karine Jean-Pierre denied that Vice President Kamala Harris is distancing herself from “Bidenomics” during a tense exchange with Fox News reporter Peter Doocy.
- “When did you guys learn that Vice President Harris wants to distance herself from Bidenomics?” Doocy asked Jean-Pierre, to which she responded by asking him why he believed that.
- Doocy specifically noted the outlet’s report about Harris avoiding Biden’s “unpopularity” on the economy, adding, “Can you blame her?”
- “Do you know this is the Biden-Harris administration?” the press secretary asked. “Are you aware that this is the Biden-Harris administration, and she is indeed the vice president?”
- Doocy countered by saying, “But if the president’s policies on the economy were working, or if they were popular, wouldn’t he still be the candidate?”
Source: washingtonexaminer.com
TICTACFLATION
— Trump War Room (@TrumpWarRoom) August 14, 2024
KAMALA HAS DECLARED THAT TACKLING INFLATION WILL BE A “DAY ONE PRIORITY” FOR HER—BUT “DAY ONE” FOR KAMALA WAS 3 AND A HALF YEARS AGO, AND EVERY DAY SINCE HAS BEEN A DISASTER!
THANK YOU, NORTH CAROLINA! pic.twitter.com/ycuJ74MJe9
— Team Trump (Text TRUMP to 88022) (@TeamTrump) August 14, 2024
"Vice President Kamala Harris cast a tie-breaking vote as President of the Senate for final Senate passage of the reconciliation bill, sending it to the House approval of the changes, and allowing drafting of the relief bill to begin in the committees." https://t.co/IJOGAdPT2E pic.twitter.com/wKVcZVutLt
— Rasmussen Reports (@Rasmussen_Poll) August 16, 2024
- Former President Donald Trump vowed that if elected president, he would “sign an executive order directing” each cabinet secretary and agency head to “use every tool” they had to defeat inflation.
- “On my first day back in the Oval Office, I will sign an executive order directing every cabinet secretary and agency head to use every tool and authority at their disposal to defeat inflation and to bring consumer prices rapidly down,” Trump told the crowd from Asheville, North Carolina.
- Trump’s comments come as the Bureau of Labor Statistics announced on Wednesday that inflation had risen in July. The consumer price index was reported to have climbed up to 2.9 in July, up from a year ago.
- In June, the inflation index rate increased by three percent from a year ago.
Source: breitbart.com
🚨Trump announces he will slash our energy bills by up to 70%
Not with government price controls that only make costs & shortages rise
But by getting rid of insane climate tyranny laws that only hurt middle class wallets while China makes trillions
pic.twitter.com/wHa3cRWQte— DC_Draino (@DC_Draino) August 14, 2024
Political/Rights
- President Joe Biden was not aware of the latest revelations involving his son Hunter Biden, the White House said Wednesday.
- “The president has never done business with his son,” White House press secretary Karine Jean-Pierre said. “He was not aware of this. For anything further, I would have to refer you to Hunter Biden’s personal representatives.”
- The New York Times reported that Hunter Biden sought assistance from the U.S. government for a profitable energy product in Italy while his father was vice president in the Obama administration. Hunter Biden was a board member of Ukrainian gas company Burisma at the time, according to records the Biden administration had previously withheld for years.
Source: washingtonexaminer.com
🚨#REPORT: The Case of the Illegal Alien With a Machete Outside the U.S. Capitol
Meet Jose Leonardo Marquez-Marquez, an illegal alien from Venezuela who crossed Kamala Harris's world famous open border into the country illegally.
He was released by DHS after just one day into… pic.twitter.com/jUVNH8eE89
— House Judiciary GOP 🇺🇸🇺🇸🇺🇸 (@JudiciaryGOP) August 14, 2024
- the interior. Marquez-Marquez was later arrested on U.S. Capitol grounds with a machete. “Border Czar” Kamala Harris’s failed far-left, open-borders agenda jeopardizes the 𝐒𝐀𝐅𝐄𝐓𝐘 and security of every American.
Geopolitical/Police State
War
- Breaking: Volodymyr Zelensky approved the operation with US allies to blow up the Russian Nord Stream Pipeline to Europe.
- Via Euro News:
- • German prosecutors on Thursday issued the first arrest warrant in their investigation into the undersea explosions in 2022 that blew up the Nord Stream gas pipelines to Europe.
- • German media outlets reported in a joint report that federal prosecutors obtained an arrest warrant in June against a Ukrainian national who may be living in Poland.
- • The individual was identified as Volodymyr Z. (what a strange coincidence?)
- • The explosion caused 800 million cubic meters of gas, equivalent to about 3 months of Danish gas supplies, to escape.
- According to reports: The CIA knew Ukraine blew it up – and the CIA and Biden regime lied to the American public for two years now!
Cyber Attacks
False Flags
— Wish (@wishfulldreamz) August 14, 2024
- to enact emergency powers and Democrat governors can send out millions of mail-in ballots to every registered voter. They harvest the ballots, stop the counting in the swing states at 3:00 AM on election night, then deliver the harvested ballots to Democrat districts in contested swing states, and the steal is on. That’s how they did it in 2020. California alone supplied approximately 20 million mail-in ballots that were sent to everyone on the voter rolls. For reference, the Georgia election was decided by 11,000 votes, Wisconsin by 20,000 votes, and Arizona by 45,000 votes. Trump tried to warn us back then too.
🚨#BREAKING: Mpox Known as Monkeypox has now been detected in the wastewater of two different districts
⁰📌#SanFrancisco | #CaliforniaCurrently, officials are investigating as wastewater from two separate districts in San Francisco, California, has detected the presence of… pic.twitter.com/u2Xp0jJkOs
— R A W S A L E R T S (@rawsalerts) August 16, 2024
Do you know what ended MonkeyPox last time?
Rochelle Walensky admitted that gay individuals have infected children with MonkeyPox.
The State MSM didn’t have an answer for this strange fact. Then the ‘Pandemic’ quickly disappeared. pic.twitter.com/bhYMqhGyQn
— Liz Churchill (@liz_churchill10) August 15, 2024
Q
- The story originates in the Washington Post, so the context is always a presentation with the intent to undermine President Trump. PLEASE KEEP IN MIND, this story is cited directly to RFK Jr and contains quotes from him.
- This is not a story from anonymous sources or sources ‘familiar with the events.’ This is a story directly from the horses’ mouth. Robert F Kennedy Jr wants the information within this story made public. REMEMBER THAT!
- It sounds to me like RFK Jr is trying to present a pressure point to entice President Trump to pull him closer. In other words, the CIA is concerned that Trump did not initially take the RFK JR bait, and now they are going to run a public campaign to position their operative.
- I’ll say it again, Robert F Kennedy Jr is an intelligence asset.
Source: theconservativetreehouse.com
Tim Walz refuses to deploy! https://t.co/KqGkm3nOHQ
— JD Vance (@JDVance) August 15, 2024
HEY EVERYONE! JUST A QUICK CHECK IN. I HAVEN'T RECEIVED ANYTHING YET RE WHATS HAPPENING WITH THE DNC AND IM CREDENTIALED MEDIA. BY NOW WE SHOULD HAVE RECEIVED THE LIST OF SPEAKERS BUT NOTHING. JUST ODD. MAYBE THEY'LL WAIT UNTIL THE DAY BEFORE! I DID GET A PARTY INVITE! LOL 😆 pic.twitter.com/4gQ6XCPnoj
— Peggy Dodson (@PeggyDodson) August 16, 2024
Just spitballing here, but theoretically, if a virus popped up in the US right about now, and sparked a pandemic, the Dems would be able to:
-Cancel the debates
-Keep Kamala/Walz in the basement
-Send out mass mail-in ballots
-Steal the electionFood for thought. pic.twitter.com/h01QzDWrsl
— Clandestine (@WarClandestine) August 16, 2024
It is INSANE that Merchan thinks he can write a legally sound opinion denying presidential immunity WITHOUT input from federal officials quicker than Jack Smith and DOJ.
Further, Merchan knows when he denies immunity relief, his order is immediately appealable. When that…
— Julie Kelly 🇺🇸 (@julie_kelly2) August 15, 2024
- Donald Trump could be blindsided by an ‘October surprise’ that would obliterate his chances at retaking the White House.
- Former Bush administration official John Yoo has sounded the alarm that the former president could wind up in prison – as soon as next month.
- Trump has been desperately seeking to hold off his sentencing hearing until after the election, following his conviction by a Manhattan jury of 34 counts of falsifying business records.
- But the controversial Judge Juan Merchan has consistently denied his appeals.
- While speaking to Fox News host Bill Hemmer on Thursday, Yoo said Merchan wields the power to ‘order Donald Trump…to jail immediately.’Trump could face an ‘October surprise’ in the form of a jail sentence, according to law professor John Yoo
Source: dailymail.co.uk
TRUMP: "They're trying to throw me, a former president, in prison, and you're asking me about personal attacks of Kamala Harris?"
— Charlie Kirk (@charliekirk11) August 15, 2024
🚨🚨EXCLUSIVE and BREAKING: During a Donald Trump visit to North Carolina yesterday, a woman Secret Service special agent abandoned her post to breastfeed with no permission/warning to the event site agent, according to three sources in the Secret Service community.
Shortly… pic.twitter.com/lkfhhLcA0B
— Susan Crabtree (@susancrabtree) August 15, 2024
Palm Beach Officials Mull Closing Mar-a-Lago Amid Heightened Security
- Heightened security protocols at and around former President Donald Trump’s Mar-a-Lago Club have Palm Beach, Florida, officials contemplating its closure.
- The U.S. Secret Service ramped up its protection of the former president’s estate, along with his other properties, after the July 13 attempt on his life.
- “Our residents don’t feel safe right now,” Palm Beach Town Council member Julie Araskog said at the council’s Aug. 13 meeting.
- During Trump’s presidential term, the Secret Service closed the road by Mar-a-Lago when he was present in Palm Beach.
Source: zerohedge.com
(7)
Was Trump’s assassin *openly carrying* an AR-15 on the perimeter of the Butler rally?
And nobody in LE or SS saw this?! https://t.co/k1bTHHaNTG
— DC_Draino (@DC_Draino) August 15, 2024
- There are some remarkable revelations in the 6-page pdf. One detail outlines how it was a Butler County SWAT officer who fired the initial shot that stopped Matthew Crooks after 8 shots fired. The Feds did not initially stop the assassin, the locals did. Another detail highlights how the Butler County coroner was not aware the FBI quickly released the body of Crooks for immediate cremation.
- ♦ […] “The 9th shot fired on J13 was from a Butler SWAT operator from the ground about 100 yards away from the AGR building. Shot 9 hit Crooks’ rifle stock and fragged his face/neck/right shoulder area from the stock breaking up. The SWAT operator who took this shot was a total badass; when he had sighted the shooter Crooks as a mostly obscured by foliage moving target on the AGR rooftop, he immediately left his assigned post and ran towards the threat, running to a clear shot position directly into the line of fire while Crooks was firing 8 rounds. On his own, this ESU SWAT operator took a very hard shot, one shot. He stopped Crooks and importantly, I believe the shot damaged the buffer tube on Crooks’ AR. I won’t be certain of this until I can examine Crooks’ rifle, but I’m 99% sure based upon reliable eye-witness ESU tactical officers who observed Crooks’ rifle before the FBI harvested it as evidence. This means that if his AR buffer tube was damaged, Crooks’ rifle wouldn’t fire after his 8th shot.” [Clay Higgins Report, pdf – page 4]
[SOURCE – page, 5, Higgins Report]
Source: theconservativetreehouse.com
BOMBSHELL REPORT: Thomas Crooks body was CREMATED just 10 day's after Trump's ass*ssination attempt…
"Nobody knew this until until August 5, including the Butler County Coroner, Law Enforcement, Sheriff, etc.
Butler County Coroner technically had legal authority over the body… pic.twitter.com/qIIEJB3MzC
— Chuck Callesto (@ChuckCallesto) August 16, 2024
- to the family for cremation or burial without the FBI’s consent.
- The U.S. Secret Service is making arrangements for former President Donald Trump to resume outdoor campaign rallies by surrounding his podium with bulletproof glass, multiple sources told ABC News.
- The measure is typically used exclusively for sitting presidents, but the Secret Service is making an exception following the first attempted assassination of a presidential candidate since Robert Kennedy in 1968.
- The Secret Service declined to comment on its use of ballistic glass. Trump’s campaign did not immediately respond to a request for comment from ABC News.The Secret Service recommended that Trump stop holding outdoor rallies last month after a gunman in Butler, Pennsylvania, fired at him from
source: abcnews.com
- Pro-Palestinian hackers, working anonymously under the name RipperSec, claimed credit for a cyber-attack on Elon Musk‘s live interview with Donald Trump this week.
- And a major cybersecurity firm said the hack included a ‘highly targeted operation, specifically aimed at Donald Trump’s personal Twitter [X] account’ alongside its assault on the pair’s livestream, sowing chaos for their X ‘Spaces’ interview Monday.
- Though one London-based expert told DailyMail.com he would take the firm’s claims ‘with a pinch of salt for now’ — the murky nature of these technical difficulties during the interview has raised the specter of US election’s increasing digital vulnerability.
- Since June, for example, the FBI has pursued a quiet investigation into alleged Iranian hacking of both Republican and Democratic presidential campaigns.
- One of China ‘s largest cybersecurity firms has confirmed tech mogul Elon Musk’s claim that hackers struck his livestream interview with presidential hopeful Donald Trump (left)
- Compounding concerns over those attacks, 20 cybersecurity experts delivered a stern warning to Congress this March calling for a phase-out of voting machines that they said are ‘not reliable against the danger of hacking or mis-programming.’
- .
- Source: dailymail.co.uk
Did President Trump just insinuate that they are gonna release something on Kamala at the right time?
“People don’t know who she is… and when they find out… I think you’re gonna see something.”
October surprise? 😉 pic.twitter.com/rKvx1OhWgW
— TheStormHasArrived (@TheStormRedux) August 15, 2024
Not even a month between these.
The polls are fake. The psyop is real. pic.twitter.com/GNN6ySsPjl
— Patri0tsareinContr0l (@Patri0tContr0l) August 15, 2024
Are Democrat operatives lobbying polling firms to hold numbers as long as possible?
I think it's a valid question based on what we're seeing.
— Mark Mitchell, Rasmussen Reports (@Mark_R_Mitchell) August 15, 2024
On @RCPolitics
# of state polls in the first 13 days of August – 28
# of state polls in the last 13 days of July – 73Weird.
— Rasmussen Reports (@Rasmussen_Poll) August 15, 2024
This poll has VP Harris +4, but wait…
Unweighted Democrat +21
Weighted Democrat +5I've seen similar margins in the last three polls that I've checked.
How is this serious? https://t.co/9QKt3AWTaN pic.twitter.com/c7Qwk1tmtu
— KanekoaTheGreat (@KanekoaTheGreat) August 14, 2024
🚨Alabama Secretary of State finds thousands of illegal aliens registered to vote
But I thought the media said this wasn’t happening?
If thousands of illegals are registered to vote in deep-red Alabama, just imagine how many are registered in CA, NY, and IL!
Crackdown! https://t.co/llqvTEjHIB pic.twitter.com/uNANC9dT2R
— DC_Draino (@DC_Draino) August 15, 2024
- Distributed denial of service attacks during the first half of 2024 have more than doubled since the latter half of 2023, rising 106%, researchers said in a report Thursday from Zayo Group. The report is based on more than 62,000 threat detections among Zayo customers during the first half of the year.
- DDoS attacks have also gained in intensity year over year, each lasting about 45 minutes in the first half of this year, according to the report. The attacks are costing organizations about $270,000 per attack, or about $6,000 per minute.
- The report comes just weeks after Microsoft disclosed a major DDoS attack in late July that took down its Azure and 365 platforms for about eight hours. Microsoft said it plans to enhance additional validation on its Azure network by November and will also improve monitoring.
Source; cybersecuritydive.com
But our elections are invulnerable 👍🏻 https://t.co/YYpHA3bFR6
— Scott Adams (@ScottAdamsSays) August 14, 2024
BREAKING: The Georgia Supreme Court unanimously ruled that private contractors working for the government are also subject to public records requests. This means citizens can now obtain evidence from companies involved in elections like Dominion [voting machines]
The court… pic.twitter.com/0t3Gqc7gSm
— George (@BehizyTweets) August 15, 2024
- concluded in its ruling that “a request for public records related to a private contractor’s services to a public agency can be served upon non-agency custodians of the relevant public records — including the private contractor if he or she is the custodian of the records sought — and the Court of Appeals erred in concluding otherwise.” To clarify, the case was spawned from a man who, in 2022, sought records from a college contractor but was denied by the Fulton County Superior Court and Georgia Court of Appeals. It wasn’t election-related, but I couldn’t help but confirm with Georgia patriots, who told me this is HUGE NEWS in their fight to secure the 2024 election and get accountability for the stolen 2020 election By the way, it’s not just Dominion; Runbeck Election Services also does a lot of work in Georgia. They contract with Fulton and other counties to print and sort ballots. If anything goes “wrong” in November’s election, we now have a foolproof way to get to the truth before they delete everything This is one of the most significant rulings in recent history.