ECB President Christine Lagarde Blames Less Focus On Job Retention During COVID For High U.S. Inflation

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European Central Bank President Christine Lagarde appeared for an interview on CBS’ Face The Nation(04/24/22) to discuss the current global inflation brought about by covid and the Russsia-Ukraine war. During her interview, President Lagarde made an interesting observation, telling host Margaret Brennan that inflation is higher in the U.S. because unlike Europe, the U.S. focused more on issuing covid stimulus/relief checks than on job retention. Europe’s primary focus during covid was on job retention. She said the resultant labor shortage in the U.S. is driving up wages, which are in turn, driving up costs. Hmm, interesting.

Host Margaret Brennan(video at 4:53):“In this country there’s a lot of debate around how much the government is to blame versus the central bankers for the inflation that we are experiencing. The U.S. spent $6 trillion on covid relief, $2 trillion of it on President Biden’s watch last Spring when the economy was already recovering. Do you think some of this spending in the U.S. exacerbated inflation, because Europe didn’t spend like this?”

President Lagarde:“We in Europe spent less in stimulus, and I think we spent differently. We spent pretty much half as much as what the U.S. government spent on stimulus, and heating up the economy. But we also spent differently because I think the focus was predominantly on keeping the jobs, not necessarily sending the checks, and as a result of that, people who managed to keep their jobs alive, while not necessarily going to work because covid stopped everybody from going to work at some point in time, they had their job. So when covid was over, they went back to their job. So, I think that the labor market that you have currently in the U.S., which is incredibly tense, where you have a lot of jobs that are not filled, where you have plenty of vacancies, we don’t have that in Europe at the moment, and the current situation you have on the labor market here in the U.S. is clearly contributing to possible strong inflation and second round effect, where prices go up, wages go up, short supply of labor, wages continue to go up, and that feeds back into prices. That’s one of the differences between our two economies.”

There’s no other way to interpret ECB President Lagarde’s remarks other than(I’ll be happy to stand corrected of course), the current strong inflation in the U.S. is largely driven by the fact that the government did not do enough to help people keep their jobs during covid. In other words, even though a lot of people could not physically go to work during covid, more should have been done to make sure their jobs would still be there for them after the pandemic–propping up their employers to keep them afloat. According to President Lagarde, this is precisely what Europe focused on–propping up the employers, and is the reason Europe is not seeing the high levels of inflation as the U.S.

For the record, this does not mean Europe did not hand out covid stimulus/relief checks to workers like the U.S. did. What President Lagarde is saying is that the primary focus in Europe was job retention. It’s also worth pointing out for the sake of fairness, that the entire U.S. covid response, and the resultant high inflation, cannot be pinned solely on the Biden administration. Reasonable people will agree that the Trump admin is equally to blame.

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Pompeo Slams Biden Admin For “Allowing China To Walk All Over Them” In The South Pacific

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Former Secretary of State Mike Pompeo appeared on Fox News’ Ingraham Angle show(04/21/22) to discuss among other things, reports this week that China has signed a security pact with the strategically located Solomon Islands in the South Pacific. Pompeo slammed the Biden administration over this, saying they are “allowing China to walk all over them.” He added that China will “park missiles” in the Solomon Islands, and could in the future use this strategic location to block trade routes that are important to the United States.

Pompeo specifically told host Ingraham(video at 1:20):“The Chinese have been trying to expand their footprint in the Pacific, and in particular, the South Pacific for an awfully long time. They began by building out a set of islands called the Spratlys. They put military bases on there after they promised President Obama they wouldn’t, and when they did, he did literally nothing. The Solomon Islands and other Islands in the Pacific are places where they can park missile systems, naval bases, other naval capabilities that they can use to foreclose trade, all of the important trade that moves through all of the South Pacific into the Eastern Pacific, into places that matter an awful lot to the United States of America. It’s why China is so focused on it, it’s why in the Trump administration we worked so diligently to try and build out alliances with those countries. The Biden administration has allowed China to walk all over them throughout the entire Pacific.”

Pompeo went on to add(video at 2:30):“I don’t think they[China]respect or fear the United States under the leadership of President Obama and the team…This administration hasn’t shown the same resolve and the same capacity to deter aggression that we did for 4 years…The Chinese Communist Party presents the single greatest external risk to the United States of America from any place in the world…We need to lead the effort to make sure that the Chinese Communist Party doesn’t dominate global trade and dominate the global economy in the years and decades ahead. We can do it, but it takes American leadership.”

Bottom line folks, even though reasonable people will agree that Trump GOP is currently mired in frivolity(fights with Disney, hyperventilating over CRT, going after transgender athletes etc), the China issue remains one of the few legitimate arguments they still have. Simply put, the United States cannot allow a perception to fester out there, that China is always running us over. So you ask, “Why should we care about such a perception”? Look no further than the current Russia-Ukraine war. Make no mistake about it, Putin invaded Ukraine because (1) he knows he has China’s support and (2) the United States has demonstrated no willingness to confront China in any way out of fear of “disturbing our trade ties”. This dynamic has to change. We need to make China respect and fear the United States, not just for our own national security sake, but also to deter autocrats around the world who have figured out that they can commit atrocities while hiding under China’s umbrella.

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Why Is Putin’s Mistress Living A Life Of Luxury In Switzerland Amid Sanctions?

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President Vladimir Putin with former Olympic Gymnast Alina Kabaeva, believed to be the mother of his four children, and currently living in Switzerland

An interesting segment on CNN’s Outfront w/Erin Burnett show(04/06/22) delved into Russia’s President Vladimir Putin’s very secretive family ties, and the effect the recently imposed economic sanctions may have on them. According to Russia expert Alina Polyakova who was a guest on the show, Putin has two adult daughters, Katerina Tikhonova and Maria Putina, from his previous marriage to Lyudmila Ocheretnaya, who currently resides in the Netherlands. Alina Polyakova also dropped a bombshell on the show saying Putin’s current mistress, former Olympic Gymnast Alina Kabaeva, who he put in charge of a powerful Russia media group, is apparently living in luxury with his four children in Switzerland. Alina rightly wondered why the West has not targeted Kabaeva with the kind of stiff sanctions they’ve meted out to Russian Oligarchs worldwide?

She told host Erin Burnett: “Alina Kabaeva has been kept really like a state secret from the media, from everyone else. Reportedly, in her role as leading this media group, she makes something around $11 million a year, quite significant. There are reports that she lives in Switzerland with four of Putin’s children, supposedly two boys, and a set of twin girls that were born in Switzerland, presumably have Swiss passports, presumably she does as well. Putin as a former KGB agent sees close ties and personal connection as a potential vulnerability, which is why he is likely hiding her…he is keeping her as protected as possible because he knows that she can be used as leverage against him, so certainly, this in my view, is absolutely the time to hit Putin where it hurts, where he fears it the most, where he sees his vulnerability. The war in Ukraine is absolutely brutal and it’s frankly absurd that his closest partner, the mother of potentially four of his children is getting to live a luxurious life in Switzerland. That just doesn’t make sense.”

Spot on, Alina Polyakova, it makes zero sense. Switzerland should immediately revoke Alina Kabaeva’s citizenship and deport her, with her children, back to Russia. Whatever financial assets she has in Switzerland should remain in Switzerland, or preferably be used to assist with humanitarian efforts in Ukraine.

Bottom line folks, the Biden administration and indeed all the democracy-loving Western governments, need to see to it that Putin’s family is not allowed to live in luxury overseas, as he butchers and maims Ukrainian families. As Alina Polyakova correctly stated, “this is absolutely the time to hit Putin where it hurts, where he fears it the most, where he sees his vulnerability.”

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1700 Migrant Children Were Separated Before “Zero Tolerance” Policy

A shocking NBC News piece says DHS separated more than 1700 migrant children before it officially began the “zero tolerance” policy in May 2018. This means the 1700 figure is over and above the official figures released by the Trump administration as to the number of migrant children separated from their parents as a result of the administration’s “zero tolerance” policy which according to this NBC News piece currently stands at 2800. Think about that, we are now finding out that the roughly 2800 migrant children that were separated from their parents as a result of DHS’ “zero tolerance” policy sparking justified national outrage, were just a drop in the bucket.

All these new revelations are coming out as a result of U.S. District Judge Dana Sabraw’s order that the Trump administration identify all the migrant children that were separated before “zero tolerance” took effect and make efforts to reunite them with their families. Lee Gelent, the Lead ACLU lawyer in the case told NBC News, “The government has indicated that it has already found preliminary indications of 1700 more separated families, on top of the more than 3000 separated families already reported.”

Bottom line folks, it appears even with all the bombshell news reports about DHS’ evil family separation policy and the resultant national outrage, we are just now coming to terms with the breadth and scope of DHS’ troubling actions in this regard. It is vitally important that House Democrats and the mainstream media not drop their guard on this humanitarian issue of great national concern so that we not only get to the bottom of what happened here, but that bad actors are brought to justice. America owes this to the innocent migrant children.

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Trump Administration Locking Migrant Children In Cages

In a previous post Yours Truly called on Congressional Democrats to demand an immediate end to Trump Administration’s “Zero Tolerance” policy for its evil/inhumane practice of ripping migrant children from their parents upon apprehension at the southern U.S. border. This is a policy that the United Nations has called a violation of human rights and most recently torture so Dems must not hold any punches over it. It is quite encouraging to see highly influential figures in the Democratic Party like former President Barack Obama and Hillary Clinton forcefully voicing their opposition to this evil “Zero Tolerance” policy and Congressional Dems should follow their lead.


However Dems must also expose an even more troubling aspect of this already abominable “Zero Tolerance” policy which is that the Trump Admnistration is putting Migrant Children in cages–like animals.

This is simply unacceptable in the United States of America, let alone any civilized society. Part of the Dem opposition to the evil “Zero Tolerance” policy has to be this sickening practice of putting migrant children in cages. Quite frankly at this point, Dems have no otherwise but to join Sen Kamala Harris in calling for the immediate resignation of DHS Secretary Kirstjen Nielsen


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Dems Must Expose GOP’s Super Secret Group CNP-A Haven For Extremists

In previous posts Yours Truly has talked about Koch Brothers, ALEC, The Mercers and other dangerous power players who through their extreme wealth control/influence the modern Republican Party. Naturally these wealthy power players prefer to operate in secret because the appearance of politicians acting at their behest instead of the voters who elected them will never sit well with Americans. It is therefore vitally important that the public(Democrats) keep a close eye on these shadowy power players. As a wise man once said, “sunlight is the best disinfectant.”


Turns out there is also a dangerous and super secretive organization of Conservatives called the Council for National Policy(CNP) which Democrats must keep a close eye on. Apparently CNP is a grouping of the most powerful Conservatives in the country–leading politicians, talk radio hosts, Evangelical leaders etc. CNP is so powerful that the last 5 Republican Presidential candidates have felt compelled to address the group.

So whats the big deal with the CNP that the public/Dems should be on the lookout for? Well, turns out this highly secretive organization which boasts membership from leading Republican leaders is also home to some of the most controversial radicals including one Michael Peroutka, a known racist and segregationist

Why are leading Republicans including Evangelical leaders paling around with these radicals? Is this why CNP is a super secret organization? Hang in there folks, Yours Truly will dig deeper into CNP and keep you posted.

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