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C S Lewis, Social Justice, & Christianity

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Cwic Media Website: http://www.cwicmedia.com Cardio Miracle, Learn More! - https://cwic.qwkcheckout.com Fathom The Good Curriculum- https://www.fathomthegood.com C.S. Lewis in Screwtape Letter #23, writes of a "Historical Jesus" that can be newly made again and again. In this instance, this Historical Jesus is made into a God of Social Justice and Marxian mechanics. He speaks of Liberation Theology. Notice the words Lewis uses in the Letter, "Social Justice" and "Marxian." The letter was written in 1941 yet we see the Gospel of Equity increasing throughout Christianity today making the letter both prophetic and tragic. ******************** ➡️ Cwic Show relates real-world, current events for faith-based commentary and conversations. We address topics such as The Church of Jesus Christ of Latter-day Saints, politics, pop culture, the Book of Mormon, the Bible, and gospel principles in a faith-based manner. We support the Restored Church of Jesus Christ and fight the disinformation that is so pervasive online. Home of the Cwic Show, Cwic Media Come Follow Me Series, and the Cwic Interpreters that help you see the scriptures in a new light. Cwic Media - like "Quick Media" Cwic is an Old English word that means "Intelligent" and "Alive." ******************** Disclaimer The products and content offered by Cwic Media are neither made, provided, approved nor endorsed by Intellectual Reserve, Inc. or The Church of Jesus Christ of Latter-day Saints. All content and products are solely those of Cwic Media and not those of Intellectual Reserve, Inc. or The Church of Jesus Christ of Latter-day Saints. ******************** #CwicShow #lds

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C S Lewis, Social Justice, & Christianity

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Liberals and Progressive Socialists Are Ruining EVERYTHING

We talked briefly yesterday about how Minneapolis’ crime problems have soared since Ilhan Omar and the twin cities lefties started their ‘abolish the police’ effort.

And still-my friends- you’ve got all sorts of Biden supporters and democrats that are lying about how some of them want to abolish our police departments.

They are trying to reinvent history and continue to cover up the fact that-to this day-their socialist progressive activists want to-abolish-

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Abolish- our police departments. Just like the want to abolish ice.

Ilhan Omar has said it repeatedly- and recently: the Minneapolis police department is a cancer that needs to be cut out completely. Abolished. Only then, can a lovely, community wide kumbaya moment occur...

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The Left praised Kasich for his entitlement program that is $1.4 billion in the red, thus far -- in only 18 months. Kasich defended his program saying it was the Christian thing to do.

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Freberg has lots of experience.

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Corporate Profits Were Biggest Driver Of Inflation In Europe, IMF Admits

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Corporate Profits Were Biggest Driver Of Inflation In Europe, IMF Admits

June 27, 2023

Geopolitical Economy Report

HOW CORPORATE PROFITS ARE DRIVING INFLATION, NOT WORKERS' WAGES

Corporate profits have been the biggest contributor to inflation in Europe since 2021.

This is according to a study published by the International Monetary Fund (IMF).

"Rising corporate profits account for almost half the increase in Europe's inflation over the past two years as companies increased prices by more than spiking costs of imported energy", wrote IMF economists this June.

The IMF said "companies may have to accept a smaller profit share if inflation is to remain on track to reach the European Central Bank's 2-percent target in 2025".

IMF economists Niels-Jakob Hansen, Frederik Toscani, and Jing Zhou detailed their findings in a research paper, "Euro Area Inflation after the Pandemic and Energy Shock: Import Prices, Profits and Wages".

They found that domestic profits were responsible for 45% of the average change in consumption deflator (inflation) from the first quarter of 2022 to the first quarter of 2023, whereas rising import prices contributed 40%.

Some of the main factors contributing to rising import prices have included supply-chain disruptions due to the Covid-19 plandemic, the war in Ukraine, and Western sanctions on Russia - one of the world's leading producers of oil, gas, fertilizer, and wheat - which caused a big spike in global commodity prices.

However, the share of inflation caused by import prices reached its peak in mid-2022 and has since been falling.

This suggests that post-plandemic supply-chain problems have largely been solved, and some commodity prices have dropped. But corporations have continued hiking prices anyway.

The IMF economists noted that "the results show that firms have passed on more than the nominal cost shock, and have fared relatively better than workers".

Many neoliberal economists and Western central bank officials have ignored the rise in corporate profits, however, and instead blamed inflation on workers' wages.

In response to the inflation that shot up as the world came out the plandemic, the European Central Bank and US Federal Reserve have been aggressively raising interest rates, at a speed not seen since the Volcker Shock of the 1980s.

Fed chair Jerome Powell admitted that his goal is to "get wages down".

Former US Treasury Secretary and World Bank chief economist Larry Summers called for five years at 6% unemployment or a year at 10% unemployment in order to bring down inflation.

They put the blame largely on workers, overlooking how companies have exploited a time of uncertainty to make a killing.

Economist Isabella Weber was correct about 'sellers' inflation'

Perhaps the most vocal economist in calling for her discipline to research how corporations have contributed to inflation in the past two years is Isabella M. Weber.

A professor at the University of Massachusetts Amherst, Weber has dubbed this "sellers' inflation".

Yet, while her work is meticulously sourced, Weber has faced harsh criticism from neoliberal economists.

In December 2021, she published an op-ed in The Guardian titled "Could strategic price controls help fight inflation?"

In the debates around inflation, "a critical factor that is driving up prices remains largely overlooked: an explosion in profits", Weber wrote. "In 2021, US non-financial profit margins have reached levels not seen since the aftermath of the second world war. This is no coincidence".

She noted that "large corporations with market power have used supply problems as an opportunity to increase prices and scoop windfall profits".

Weber's article set off a firestorm, and she was brutally attacked. New York Times pundit Paul Krugman claimed Weber's call for price controls was "truly stupid."

In February 2023, Weber published an academic article further explaining the phenomenon: "Sellers' Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency?"

The IMF economists in fact cited this Weber article in their own working paper on inflation in Europe.

Rethinking inflation

Contemporary mainstream economists typically discuss three types of inflation: demand-pull inflation, cost-push inflation, and built-in inflation.

Cost-push inflation happens when the prices of inputs used in the production process increase. When the international prices of commodities like oil or gas skyrocket, in response to the war in Ukraine for instance, this contributes to cost-push inflation.

Built-in inflation accounts for expectations that inflation that happened in the past will repeat in the future. Corporations often increase their prices every year, for example, simply because they expect costs to increase, not because they actually did increase (but by doing so, costs do sometimes increase).

However, discussions of inflation among Western neoliberal economists are usually focused on demand-pull inflation.

The godfather of monetarism, infamous right-wing University of Chicago economist Milton Friedman, argued that "inflation is always and everywhere a monetary phenomenon", and specifically consisted of demand-pull inflation: "too much money chasing too few goods".

Friedman was an inspiration for Chile's fascist dictator Augusto Pinochet, who came to power in 1973 in a CIA-backed military coup against the South American nation's democratically elected socialist president, Salvador Allende.

Friedman was so fixated on government monetary policy that he essentially argued that cost-push inflation doesn't exist, claiming it was merely a product of demand-pull inflation.

But this recent IMF study shows that the right-wing, monetarist view of inflation is much too simplistic. Capitalist firms can cause inflation simply by hiking up their profits to unreasonable levels.

Nevertheless, some monetarist holdovers today still insist that the inflation the world saw following the Covid-19 plandemic was merely caused by central bank money printing.

This fails to explain why there was little consumer price index inflation in the first 12 years of quantitative easing (QE), from 2008 to 2020, before the plandemic hit, and why QE suddenly caused prices to rise only around 2021.

Economist Michael Hudson has pointed out that QE by the US Federal Reserve and European Central Bank in fact fueled asset price inflation, not consumer price index inflation.

In an interview with Geopolitical Economy Report in September 2022, Hudson explained:

The result [of quantitative easing] has been $9 trillion, essentially, of bank liquidity that the Federal Reserve has pushed in.

Now, despite the fact that it is asset price inflation, the fact is that asset price inflation has all occurred on credit.

The asset price inflation has occurred when the Federal Reserve makes basically repo swaps with the banks, enabling the banks to deposit some of their packaged mortgage loans, or bonds, government bonds or even junk bonds, with the Fed.

And they get a deposit with the Fed that enables them to now turn around, as if the Fed was depositing money in the bank like a depositor, letting it lend more, and more, and more for real estate, which has pushed up the price.

Real estate is worth whatever a bank will lend against it. And the banks have been lowering the margin requirements, easing the the terms of the loan.

So the banks have inflated the real estate market, and also the stock and bond market.

The bond market from 2008 today has had the biggest bond rally in history. You can imagine the bond prices going down to below 0%. This is a huge capitalization of the bond rate.

So it has been a bonanza for people who held bonds, especially bank bonds. And it has inflated the top of the pyramid.

But if you inflate it on debt, then somebody has to pay the debt. And the debt, as I just said, is the 90% of the population.

So the fact is that asset price inflation and debt deflation go together, because the wealth part of the economy, the ownership part, has been vastly inflated, the price of wealth relative to labor.

But the debtor part has been has been squeezed by families having to pay much more of their income on mortgages, or credit cards, or student debt, leaving less and less to purchase goods and services.

So if there is a debt deflation, then why do we have a price inflation now? Well, the price inflation is largely a result of the war [in Ukraine], the sanctions that the United States has imposed on Russia.

Russia was, as you know, a major gas exporter, oil exporter, and also the largest agricultural exporter in the world.

So if you exclude Russian oil, Russian gas, Russian agriculture from the market, you're going to have a shortage of supply, and you're going to have the prices way up.

So the oil, energy, and food have been a key element.

And also, under the Biden administration and certainly the Trump administration, there has been no enforcement of monopoly prices.

READ MORE: https://geopoliticaleconomy.substack.com/p/corporate-profits-inflation-europe-imf

Original: https://youtu.be/qdZbq1iw-ho

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Yesterday, Biden’s Attorney General Merrick Garland testified before the Senate Judiciary Committee, where he was questioned about his department’s decision to send armed S.W.A.T.-style agents to the home of a sole pro-life protester to arrest him – even after he had offered to turn himself in voluntarily. The AG claimed the “safest” way to bring this peaceful protester in was with a battalion of armed agents. That’s the safest way? I don’t know about you, but I’m terrified to ask what Garland would consider a dangerous way. To make matters worse, the pro-lifer was acquitted of all charges. There was absolutely no justification to treat him this way. He was innocent.
The truth is if Garland really wanted to – if he took his job seriously and wasn’t just trying to curry favor with his radical overlords – he could find these criminal perpetrators tout de suite. Which means he’s choosing not to. After all, abortion giants like Planned Parenthood donated millions to the Biden campaign as well as many other lawmakers on the Left. So if any of Planned Parenthood’s pro-life competition actually does get blown up, or a few pro-life workers get scared away from going to work, or worse, so be it? Is that just the cost of doing the Left’s political business?
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"These are political decisions being made by senior leaders on how to prosecute and whom to prosecute. It is not the absence of cameras. It’s not the time of day that these things are taking place. This is a decision being built and filtered through the bureaucracy in the Department of Justice and perhaps at the FBI as well about which cases are more important to them, and these are not pro-life people. These are folks who have supported the abortion movement for an awfully long time in their political lives and in the rest of their lives, and this is now emanating in our most sacred space, this important space where we’re supposed to do equal justice under the law. I thought his [Garland’s] performance yesterday both reflected the politicization of the Attorney General’s office, and was not representative of the best things that America knows need to happen. It’s indecent what he said yesterday."
So the Biden Administration is choosing not to lift a finger to bring these domestic terrorists to justice – willful inaction that could get innocent pro-life medical workers AND PATIENTS killed – but it will send nearly 30 armed agents to arrest one peaceful pro-life protester to shut him up. This is where the Biden Administration has taken us.
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'Does It Bother You-'- Rand Paul Questions Ex-CDC Director About Gain-Of-Function Research

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BBN, Apr 19, 2024 – Israel attacks Iran, escalating the world toward a nuclear apocalypse...

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,

Brighteon Broadcast News, Apr 19, 2024 – Israel attacks Iran, escalating the world toward a nuclear apocalypse – get ready for FALLOUT FOOD

- Israel's retaliation against Israel's attack on Iranian consulate in Syria. (0:03)
- Potential consequences of #Israel using nuclear weapons. (8:44)
- Oil and #gold prices spike
- Upcoming protests in US over Israel's nuclear weapons. (19:40)
- Potential domestic #terrorism and food shortages after a nuclear attack. (25:41)
- Nuclear war and its impact on the food supply ("fallout food"). (31:37)
- Economic collapse, #depopulation agenda, and the importance of self-sufficiency. (1:23:55)
- US-China trade and #gold prices, with a focus on sanctions and geopolitical tensions. (1:35:55)
- US economic decline, military spending, and #silver's role in weapons manufacturing. (1:46:11)
- New #BRICS currency, gold, and #dollar manipulation. (1:56:50)
- #Blockchain technology and its potential impact on global trade and finance. (2:21:00)
- Counterparty risk and gold/silver investments. (2:28:20)

For more updates, visit: http://www.brighteon.com/channel/hrreport

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Daily Current Affairs | 5 January 2024 | Chandramouli Choudhary

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1 views 2 years ago

Thousands protest against against Israel judicial reform • FRANCE 24 English

Thrivetime Show: The ReAwakening versus The Great ResetVerified check_circle

1 views 3 years ago

Dems are trying to fix the border because it’s a ‘threat’ to Biden’s re-election

MariaBartiromoVerified check_circle

1 views 2 years ago