Topic: Job Numbers

Prior to the escalation in Iran, U.S. job numbers were rising and inflation was slowing, but the war has reversed these trends. A CNN poll claiming 100% MAGA support for the war is dismissed as propaganda, with suggestions that the pollsters only called neoconservatives like Lindsey Graham. Internal friction continues as Suzy Wiles urges staff to be honest with the president about the risks to the Republican party.

Roger Stone contrasts Donald Trump's positive economic platform—including energy independence and ending taxes on tips—with Kamala Harris's closing message focused on labeling Trump a "fascist." The segment includes a clip of Bill Maher defending Trump against media claims that he called for a firing squad for Liz Cheney, clarifying that Trump was actually criticizing her "war hawk" stance.

The Biden administration is accused of lying about job numbers, with significant downward revisions reported for previous months. Kamala Harris is criticized for proposing policies described as communist, including price controls and high capital gains taxes, while Vladimir Putin's tongue-in-cheek endorsement of Harris is analyzed as a preference for a predictable deep state leader.

Recent job reports showed significant downward revisions, indicating the economy is weaker than previously reported by the Biden administration. Dr. Kirk Elliott explains that these revisions often go unnoticed by the public but signal a major economic slowdown ahead of the Federal Reserve's September meeting.

The Democratic National Convention is criticized for portraying Kamala Harris as an effective "border czar" despite previous failures. Simultaneously, a major economic scandal emerges as the federal government revises job creation numbers downward by over 800,000. This revision is described as one of the largest downgrades in history, contradicting previous Biden-Harris administration claims.

The discussion shifts to the immediate impact of the currency war on the Russian stock market and the subsequent lines at Russian banks. Dr. Kirk Elliott contrasts this with the domestic situation in the US, where Federal Reserve Chairman Jerome Powell has challenged the Biden administration's economic narratives. Elliott claims that recent job growth figures are misleading and primarily reflect employment for illegal immigrants rather than US-born citizens.

The Trends Journal provides an economic outlook, questioning recent positive job numbers and highlighting mass layoffs in the tech and retail sectors. Celente predicts a major crash in the commercial office sector due to low occupancy rates and rising interest rates. He also warns of the declining dominance of the U.S. dollar as countries like China, India, and Russia increasingly trade in their own currencies.